OpenCharities

This text was generated using OCR and may contain errors. Check the original PDF to see the document submitted to the regulator.

2020-12-31-accounts

Company no. 04699611 Charity no. 1097407

Headway Somerset

Report and Unaudited Financial Statements

31 December 2020

Headway Somerset

Reference and administrative details

For theyear ended 31 December 2020 For theyear ended 31 December 2020
Company number 04699611
Charity number 1097407
Registered office and First Floor
operational address Victoria House
Victoria Street
Taunton
Somerset
TA1 3FA
Trustees Trustees, who are also directors under company law, who served during
the year and up to the date of this report were as follows:
Susan Cable
Gloria Clark
Roger Isaacs (resigned 23 January 2020)
Lewis Janes
Alyson Norman
Martin Pettingell
Claire Stoneman
Chief executive officer Liz Simmons
Bankers HSBC Bank PLC
1 Middle Street
Yeovil
Somerset
BA20 1LR
Independent Godfrey Wilson Limited
examiners Chartered accountants and statutory auditors
5th Floor Mariner House
62 Prince Street
Bristol
BS1 4QD

1

Headway Somerset

Report of the trustees

For the year ended 31 December 2020

The trustees, who are also directors for the purposes of company law, present their report and the unaudited financial statements of the charity for the year ended 31 December 2020.

Reference and administrative information set out on page 1 forms part of this report. The financial statements comply with current statutory requirements, the Memorandum and Articles of Association and the Statement of Recommended Practice - Accounting and Reporting by Charities (effective from January 2019).

Objectives and activities

a. Policies and objectives

Our objectives are:

The support and rehabilitation of persons who have suffered brain injuries and who reside in the area covered by Somerset Clinical Commissioning Group.

Headway Somerset policies and procedures are reviewed regularly by a working group of staff and trustees and then approved by the Board of Trustees. In 2020 a considerable number of policies and operational procedures were reviewed and updated.

In planning and setting objectives the trustees have complied with the duty to have due regard to guidance published by the Charity Commission on public benefit. In particular, the trustees regularly review that all of Headway Somerset’s activities are aimed at improving the lives of the people who use its services and other people with acquired brain injury in Somerset. Headway Somerset does not undertake any trading activities.

b. Activities to achieve objectives

Headway Somerset achieves its objectives through the provision of services, information, support and opportunity in the field of acquired brain injury.

Headway Somerset strives to be informed by the people who use our services and this includes a service user led Shaping our Lives Group and the involvement of service users on the Steering Group for Making Headway. We use our partnership with Plymouth University Department of Psychology as a regular opportunity to review services and obtain independent feedback about them. Our intention is to provide services that are accessible to all who need them, to listen carefully to feedback and create partnerships and new opportunities to enhance the lives of people with acquired brain injury in Somerset.

2

Headway Somerset

Report of the trustees

For the year ended 31 December 2020

Headway Somerset's vision is to improve the quality of life for everyone in Somerset with a brain injury together with their families and carers by providing a flexible expert service offering support in hospital, rehabilitation, information and social opportunities.

Performance

Review of activities

2020 has been an especially challenging year for all Headway Somerset services with the Covid 19 restrictions having a fundamental impact on how services could be delivered. All staff have risen to the challenge of new ways of working and have not only sustained services but have developed and innovated.

The Hospital Liaison team have continued to provide a service to Musgrove Park Hospital, Yeovil District Hospital and Somerset Neuro Rehabilitation Centre – in person where that has been possible and otherwise by telephone, Zoom, Skype or Teams. Support has been provided to patients and to family members including Zoom Relatives Meetings. Training has been delivered to NHS staff. A new member was recruited to the Hospital Liaison Team bringing it back to a WTE post.

The Rehabilitation Services moved to remote working from the end of March with all staff working from home. Clients were provided with regular phone calls each week and this also enabled staff to have increased contact with family members and carers and to pick up any problems and provide information and support. Face-to-face services were re-started in late summer, temporarily closed and then opened again in late autumn as Covid 19 restrictions changed. Staff developed a programme of activity packs containing a range of cognitive exercises and these were adapted to take account of different access needs. Throughout 2020 in-person support was maintained with a small number of clients with particularly complex needs.

The Making Headway Buddying Project started in early 2020 with the recruitment of a Volunteer Coordinator and despite the circumstances great progress was made including: the development of a new volunteer training programme, the recruitment of the first cohort of volunteers, their completion of a six session training programme and the first recruitment of people wishing a Buddy and the first matching.

In July we downsized our main office in Taunton which has proved timely with the need to work from home and the likelihood that home working will continue to be a feature of working life where possible. A grant from the NLCF Covid 19 Fund enabled us to replace outdated IT equipment and funded essential software and other upgrades to our CRM to enable our new ways of working.

Our 2020 fundraising plans had to be rewritten by the end of March with a move away from community fundraising to concentrate on grant applications and supporting individual fundraising efforts. Updated branding for Headway Somerset and a new website were launched in early summer and this along with an increased presence on social media has improved our profile across the county.

Financial review

Total incoming resources were £359,013 (2019: £358,709). Total resources expended were £307,315 (2019: £356,682).

Reserves at the 2020 year-end stand at £262,875 (2019: £211,177) of which £49,167 (2019: £44,103) are restricted.

3

Headway Somerset

Report of the trustees

For the year ended 31 December 2020

Reserves policy

Unrestricted reserves are needed to:

The Trustees regularly monitor the charity's reserves and review the reserves policy in the light of the main risks to the charity. The reserves position at the end of 2020 has been helped by unexpected grant income and by use of the job retention scheme.

The Trustees' general policy is to work towards unrestricted reserves of approximately six months operating costs. In light of the current uncertainty of public finances and the impact on contracts and commissioned work as well as the long term effect on community, individual and event fundraising the Trustees have deemed it prudent to temporarily reserve a somewhat larger sum with a view to returning to six months when it is appropriate to do so.

Financial position

Throughout the year close control was kept on the finances and a revised budget was developed in April. Headway Somerset is extremely grateful for the continued support of our commissioners Somerset Adult Social Care, Somerset Clinical Commissioning Group and our funders the Henry Smith Charity and the National Lottery Community Fund. The charity welcomes the continued valued support of our corporate sponsors Enable Law, Clarke Willmott and Viridor. Headway Somerset made successful applications to the National Lottery Community Fund Covid 19 Fund and to Somerset West and Taunton Council Covid 19 Fund. In addition, Headway Somerset has used the Job Retention Scheme to furlough some staff and part-furlough others. No staff posts directly funded by commissions or grant funds were furloughed. In addition, some extraordinary fundraising efforts by individuals and the generosity of several community groups also added to our fundraising totals.

After making the required enquiries the trustees of Headway Somerset have a reasonable expectation that the charity has adequate resources available to it 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 note 1(b) of the notes to the financial statement section.

Structure, governance and management

a. Constitution

Headway Somerset is an independent registered charity, registered number 1097407, and also a company limited by guarantee, registered number 4699611 (England and Wales). Headway Somerset is governed by its memorandum and articles of association. Headway Somerset is affiliated to Headway, the brain injury association, charity number 1025852.

4

Headway Somerset

Report of the trustees

For the year ended 31 December 2020

b. Method of appointing or electing trustees

The Trustees of Headway Somerset are empowered to appoint new trustees from time to time as required. Headway Somerset seeks to recruit people with a wide range of skills, knowledge and experience to bring to the governance of the organisation and to match the changing needs of the charity. Trustees are formally appointed at meetings. A trustee pack and induction is available to all new trustees. Training on all aspects of acquired brain injury is provided. Headway Somerset trustees are required to disclose all relevant interests and register them and, in accordance with the charity’s policy, withdraw from decisions where a conflict of interest arises or might be perceived to arise. All trustees of Headway Somerset give their time freely and no remuneration was paid in the year. There were no trustee expenses or related transactions as detailed in note 7 of the notes to the financial statements section.

c. Organisational structure and decision making

Headway Somerset currently has six trustees and the board meets five times a year. Additional meetings may be held as required. From April 2020 all Trustee Meetings were held virtually by Zoom. The Board of Trustees meet five times a year. There are a Finance Sub-Committee and a Fundraising Sub-Committee which are both chaired by Trustees. Whilst the trustees have ultimate responsibility for the governance of the charity, the day to day management of the charity is the responsibility of the Chief Executive Officer. Headway Somerset has a Staff Pay Policy and staff remuneration is reviewed by the Finance Sub-Committee each year.

d. Risk management

The Trustees have assessed the major risks to which Headway Somerset is exposed and this is recorded in a Risk Register. The Risk Register is updated and is presented at each Trustee Meeting. The risks arising from Covid 19 were added to the Risk Register in April 2020 and continue to be reviewed quarterly.

e. Fundraising

Headway Somerset is registered with the Fundraising Regulator thus demonstrating its good fundraising practice and commitment to following the Code of Fundraising Practice. Headway Somerset employs paid professional staff to organise fundraising events and to coordinate the activities of our supporters across Somerset. The Fundraising Sub-Committee sets the Fundraising Strategy for two years at a time. The Fundraising Sub-Committee is made up of trustees, staff and volunteers. The Fundraising and Communications Manager attends each Trustee Meeting to provide a report. Headway Somerset does not use professional fundraisers. All personal information collected by Headway Somerset during fundraising activity is confidential and will not be disclosed to any third party. No one employed by Headway Somerset or volunteering on behalf of Headway Somerset will accept commission or bonuses for fundraising activities on behalf of the organisation.

Future plans

Headway Somerset will continue to work towards achieving the core aims of the organisation including:

5

Headway Somerset

Report of the trustees

For the year ended 31 December 2020

Statement of responsibilities of the trustees

The trustees (who are also directors of the charity 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, including Financial Reporting Standard 102: The Financial Reporting Standard applicable in the UK and Republic of Ireland (United Kingdom Generally Accepted Accounting Practice).

Company law requires the trustees to prepare financial statements for each financial year, which give a true and fair view of the state of affairs of the charity and of the income and expenditure of the charity for that period. In preparing those financial statements the trustees are required to:

The trustees are responsible for keeping proper accounting records which disclose with reasonable accuracy at any time the financial position of the charity and which enable them to ensure that the financial statements comply with the Companies Act 2006. The trustees are also responsible for safeguarding the assets of the charity and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities.

The trustees are responsible for the maintenance and integrity of the corporate and financial information included on the charitable company's website. Legislation in the United Kingdom governing the preparation and dissemination of financial statements may differ from legislation in other jurisdictions.

Members of the charity guarantee to contribute an amount not exceeding £1 to the assets of the charity in the event of winding up. The trustees are members of the charity but this entitles them only to voting rights. The trustees have no beneficial interest in the charity.

Independent examiners

Godfrey Wilson Limited were re-appointed as independent examiners to the charitable company during the year and have expressed their willingness to continue in that capacity.

Approved by the trustees on 20 April 2021 and signed on their behalf by

Martin Pettingell - Chair

6

Independent examiner's report

To the trustees of

Headway Somerset

I report to the trustees on my examination of the accounts of Headway Somerset (the charitable company) for the year ended 31 December 2020, which are set out on pages 8 to 21.

Responsibilities and basis of report

As trustees of the charitable 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 charitable 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 charitable company'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 the charitable 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 the Institute of Chartered Accountants in England and Wales (ICAEW), which is one of the listed bodies.

I have completed my examination. I confirm that no material matters have come to my attention in connection with the examination giving me cause to believe that in any material respect:

I have no concerns and have come across no other matters in connection with the examination to which attention should be drawn in this report in order to enable a proper understanding of the accounts to be reached.

William Guy Blake

Date: 23 April 2021 William Guy Blake ACA Member of the ICAEW For and on behalf of: Godfrey Wilson Limited Chartered accountants and statutory auditors 5th Floor Mariner House 62 Prince Street Bristol BS1 4QD

7

Headway Somerset

Statement of financial activities (incorporating an income and expenditure account)

For the year ended 31 December 2020

Note
Income from:
Donations and legacies
3
Charitable activities
4
Other trading activities
5
Investments
Total income
Expenditure on:
Raising funds
Charitable activities
Total expenditure
6
7
Reconciliation of funds:
Total funds brought forward
Total funds carried forward
Net income / (expenditure) and net
movement in funds		 Restricted Unrestricted
£
£
-
49,991
132,992
154,098
-
21,818
-
114
132,992
226,021
-
37,194
127,478
142,643
127,478
179,837
5,514
46,184
44,103
167,074
49,617
213,258		 2020
Total
£
49,991
287,090
21,818
114
359,013
37,194
270,121
307,315
51,698
211,177
262,875		 2019
Total
£
55,327
270,342
32,799
241
358,709
57,885
298,797
356,682
2,027
209,150
211,177

All of the above results are derived from continuing activities. There were no other recognised gains or losses other than those stated above. Movements in funds are disclosed in Note 15 to the accounts.

8

Headway Somerset

Balance sheet

As at 31 December 2020

Note
Fixed assets
Tangible assets
10
Current assets
Debtors
11
Cash at bank and in hand
Liabilities
Creditors: amounts falling due within 1 year
12
Net current assets
Net assets
14
Funds
15
Restricted funds
Unrestricted funds
General funds
Total charity funds		 £
6,228
288,109
294,337
(40,038)		 2020
£
8,576
254,299
262,875
49,617
213,258
262,875		 2019
£
6,379
23,467
214,873
238,340
(33,542)
204,798
211,177
44,103
167,074
211,177

The directors are satisfied that the company is entitled to exemption from the provisions of the Companies Act 2006 (the Act) relating to the audit of the financial statements for the year by virtue of section 477(2), and that no member or members have requested an audit pursuant to section 476 of the Act.

The directors acknowledge their responsibilities for:

These accounts have been prepared in accordance with the special provisions applicable to companies subject to the small companies' regime.

Approved by the trustees on 20 April 2021 and signed on their behalf by

Claire Stoneman - Vice Chairman

9

Headway Somerset

Notes to the financial statements

For the year ended 31 December 2020

1. Accounting policies

a) Basis of preparation

Headway Somerset 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 note.

b) Going concern basis of accounting

c) Income

Income is recognised when the charity has entitlement to the funds, any performance conditions attached to the item of income have been met, it is probable that the income will be received and the amount can be measured reliably.

Income from the government and other grants, whether 'capital' grants or 'revenue' grants, is recognised when the charity has entitlement to the funds, any performance conditions attached to the grants have been met, it is probable that the income will be received and the amount can be measured reliably and is not deferred.

d) Donated services and facilities

e) Interest receivable

10

Headway Somerset

Notes to the financial statements

For the year ended 31 December 2020

1. Accounting policies (continued)

f) Funds accounting

Unrestricted funds are available to spend on activities that further any of the purposes of the charity. Restricted funds are donations which the donor has specified are to be solely used for particular areas of the charity's work or for specific projects being undertaken by the charity.

g) Expenditure and irrecoverable VAT

Expenditure is recognised once there is a legal or constructive obligation to make a payment to a third party, it is probable that settlement will be required and the amount of the obligation can be measured reliably.

Irrecoverable VAT is charged as a cost against the activity for which the expenditure was incurred.

h) Allocation of support costs

Support costs are those functions that assist the work of the charity but do not directly undertake charitable activities. Governance costs are the costs associated with the governance arrangements of the charity. These costs have been allocated between cost of raising funds and expenditure on charitable activities on the basis of staff costs:

2020 2019
Raising funds 12.0% 17.4%
Charitable activities 88.0% 82.6%

i) Tangible fixed assets

Depreciation is provided at rates calculated to write down the cost of each asset to its estimated residual value over its expected useful life. The depreciation rates in use are as follows:

Computer equipment 33% straight line Fixtures & fittings 15% reducing balance

Items of equipment are capitalised where the purchase price exceeds £500.

j) Debtors

Trade and other debtors are recognised at the settlement amount due after any trade discount offered. Prepayments are valued at the amount prepaid net of any trade discounts due.

k) Cash at bank and in hand

Cash at bank and cash in hand includes cash and short term highly liquid investments with a short maturity of three months or less from the date of acquisition or opening of the deposit or similar account.

l) Creditors

Creditors and provisions are recognised where the charity has a present obligation resulting from a past event that will probably result in the transfer of funds to a third party and the amount due to settle the obligation can be measured or estimated reliably. Creditors and provisions are normally recognised at their settlement amount after allowing for any trade discounts due.

11

Headway Somerset

Notes to the financial statements

For the year ended 31 December 2020

1. Accounting policies (continued)

m) Financial instruments

The charity 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 recognised at amortised cost using the effective interest method.

n) Pension costs

The charity operates a defined contribution pension scheme for its employees. There are no further liabilities other than that already recognised in the SOFA.

o) Accounting estimates and key judgements

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

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

The key source of estimation uncertainty that has a significant effect on the amounts recognised in the financial statements is depreciation, as detailed in note 1(i).

2. Prior period comparatives - statement of financial activities

Income from:
Donations and legacies
Charitable activities
Other trading activities
Investments
Total income
Expenditure on:
Raising funds
Charitable activities
Total expenditure
Net income / (expenditure) and net
movement in funds		 Restricted
£
£
-
55,327
87,157
183,185
-
32,799
-
241
87,157
271,552
-
57,885
83,687
215,110
83,687
272,995
3,470
(1,443)
Unrestricted		 2019
Total
£
55,327
270,342
32,799
241
358,709
57,885
298,797
356,682
2,027

12

Headway Somerset

Notes to the financial statements

For the year ended 31 December 2020

3. Income from donations and legacies

Income from donations and legacies
Corporate donations
Coronavirus Job Retention Scheme grant
Donations from individuals
Community donations
Gift aid reclaimed
Gifts in kind
Total income from donations		 Restricted
£
£
-
25,855
-
16,745
-
4,931
-
1,265
-
1,195
-
-
-
49,991
Unrestricted		 2020
Total
£
25,855
16,745
4,931
1,265
1,195
-
49,991		 2019
Total
£
26,498
-
7,868
10,493
468
10,000
55,327

All income from donations and legacies during the prior year was unrestricted.

Government grants

The charitable company received government support under the Coronavirus Job Retention Scheme to fund charitable activities. The total value of such grants in the period ending 31 December 2020 was £16,745 (2019: £nil). There are no unfulfilled conditions or contingencies attaching to this grant.

4. Income from charitable activities

Grants received
The National Lottery Community Fund
The National Lottery Community Fund Covid 19 Fund
Henry Smith
Somerset West & Taunton Business grant
Somerset County Council Fund
Somerset County Council Covid 19 Fund
Other income from charitable activities
Somerset Social Services
Client fees
Somerset Clinical Commissioning Group
Total income from charitable activities		 Restricted
£
£
48,438
-
41,440
-
36,050
-
-
10,000
5,000
-
2,064
-
-
94,992
-
33,745
-
15,361
132,992
154,098
Unrestricted		 2020
Total
£
48,438
41,440
36,050
10,000
5,000
2,064
94,992
33,745
15,361
287,090

13

Headway Somerset

Notes to the financial statements

For the year ended 31 December 2020

4. Income from charitable activities (continued) Prior period comparative

Grants received
Henry Smith
The National Lottery Community Fund
Tesco Bags of Help
Yeovil Town Council
Clark Foundation
Brympton Parish Council
Other income from charitable activities
Somerset Social Services
Client fees
Somerset Clinical Commissioning Group
Contributions to activities
Total income from charitable activities
5.
Income from other trading activities
Secondment income
Other fundraising events
100+ club lottery
Merchandise
Social club membership
Training income
Total income from other trading
activities		 Restricted
£
£
52,850
-
26,393
-
6,000
-
829
-
750
-
335
-
-
85,455
-
81,937
-
14,583
-
1,210
87,157
183,185
2020
Restricted
Total
£
£
£
-
13,756
13,756
-
7,447
7,447
-
288
288
-
267
267
-
60
60
-
-
-
-
21,818
21,818
Unrestricted
Unrestricted		 2019
Total
£
52,850
26,393
6,000
829
750
335
85,455
81,937
14,583
1,210
270,342
2019
Total
£
27,766
3,241
385
437
470
500
32,799

All income from other trading activities in the prior year was unrestricted.

14

Headway Somerset

Notes to the financial statements

For the year ended 31 December 2020

6. Total expenditure

Total expenditure
Staff costs (note 8)
Premises costs
Tuition and training
Travel and subsistence
Office and admin costs
Telephone and internet
Merchandise costs
Event costs
Accountancy
Insurance
Printing, postage and stationery
Advertising and marketing
Depreciation
Sub-total
Total expenditure
Allocation of support and
governance costs		 £
24,172
-
-
-
-
-
29
1,598
-
-
-
-
-
25,799
11,395
37,194
Raising
funds		 £
177,604
5,697
-
709
2,392
-
-
-
-
-
-
-
-
186,402
83,719
270,121
Charitable
activities		 £
53,569
7,672
612
-
10,880
2,602
-
-
14,036
1,647
1,374
250
2,472
95,114
(95,114)
-
Support and
governance
costs		 £
255,345
13,369
612
709
13,272
2,602
29
1,598
14,036
1,647
1,374
250
2,472
2020 Total
307,315
-
307,315

Governance costs were £1,800.

15

Headway Somerset

Notes to the financial statements

For the year ended 31 December 2020

6. Total expenditure (continued) - prior year comparative

Staff costs (note 8)
Premises costs
Tuition and training
Travel and subsistence
Office and admin costs
Telephone and internet
Merchandise costs
Event costs
Accountancy
Insurance
Printing, postage and stationery
Advertising and marketing
Depreciation
Loss on disposal of fixed assets
Sub-total
Allocation of support and
governance costs
Total expenditure		 Raising
funds
£
33,106
-
-
-
-
-
82
3,466
-
-
-
-
-
-
36,654
21,231
57,885		 Charitable
activities
£
157,370
16,690
445
18,470
4,901
-
-
-
-
-
-
-
-
-
197,876
100,921
298,797		 Support and
governance
costs
£
78,740
10,454
320
32
16,738
2,653
-
-
9,046
1,278
906
295
1,517
173
122,152
(122,152)
-		 2019 Total
£
269,216
27,144
765
18,502
21,639
2,653
82
3,466
9,046
1,278
906
295
1,517
173
356,682
-
356,682

Governance costs were £1,770.

16

Headway Somerset

Notes to the financial statements

For the year ended 31 December 2020

7. Net movement in funds

This is stated after charging:

Depreciation
Loss on disposal of fixed assets
Trustees' reimbursed expenses
Trustees' remuneration
Independent examiner's remuneration (including VAT)		 2020
£
2,472
-
Nil
Nil
1,800		 2019
£
1,517
173
Nil
Nil
1,770

8. Staff costs and numbers

Staff costs were as follows:

Salaries and wages
Social security costs
Pension costs
Freelance staff		 2020
£
242,917
8,866
3,562
-
255,345		 2019
£
254,499
10,276
3,283
1,158
269,216

No employee earned more than £60,000 during the year.

The key management personnel of the charitable company comprise the Trustees and the Chief Executive Officer. The total employee benefits of the key management personnel were £43,239 (2019: £43,489).

Average head count 2020
No.
20		 2019
No.
19

9. Taxation

The charity is exempt from corporation tax as all its income is charitable and is applied for charitable purposes.

17

Headway Somerset

Notes to the financial statements

For the year ended 31 December 2020

10. Tangible fixed assets

Cost
At 1 January 2020
Additions in year
Disposals in year
At 31 December 2020
Depreciation
At 1 January 2020
Charge for the year
Disposals in year
At 31 December 2020
Net book value
At 31 December 2020
At 31 December 2019
11. Debtors
Trade debtors
Prepayments
Accrued income		 Computer
equipment
£
16,054
4,669
(1,160)
19,563
11,349
2,221
(1,160)
12,410
7,153
4,705		 Fixtures
and fittings
£
9,094
-
-
9,094
7,420
251
-
7,671
1,423
1,674
2020
£
4,175
2,053
-
6,228		 Total
£
25,148
4,669
(1,160)
28,657
18,769
2,472
(1,160)
20,081
8,576
6,379
2019
£
16,936
2,650
3,881
23,467

18

Headway Somerset

Notes to the financial statements

For the year ended 31 December 2020

12. Creditors : amounts due within 1 year

Creditors : amounts due within 1 year
Trade creditors
Accruals
Other taxation and social security
Other creditors
Deferred income (see note 13)		 2020
£
9,048
3,592
2,852
788
23,758
40,038		 2019
£
1,891
3,103
4,045
753
23,750
33,542

13. Deferred income

Deferred income
At 1 January 2020
Deferred during the year
Released during the year
At 31 December 2020		 2020
£
23,750
23,758
(23,750)
23,758		 2019
£
-
23,750
-
23,750

Deferred income relates to contract income received in advance.

19

Headway Somerset

Notes to the financial statements

For the year ended 31 December 2020

14. Analysis of net assets between funds

Analysis of net assets between funds
Tangible fixed assets
Current assets
Current liabilities
Net assets at 31 December 2020
Prior year comparative
Tangible fixed assets
Current assets
Current liabilities
Net assets at 31 December 2019
Movements in funds
£
Restricted funds
Henry Smith
17,850
Clark Foundation
675
The National Lottery Community Fund
24,094
-
Greggs Foundation
100
Tesco Bags of Help
1,384
Somerset County Council Fund
-
Somerset County Council Covid 19 Fund
-
Total restricted funds
44,103
General funds
167,074
Total unrestricted funds
167,074
Total funds
211,177
Unrestricted funds
At 1 January
2020
The National Lottery Community Fund Covid 19
Fund		 Restricted
funds
£
£
-
8,576
49,617
244,720
-
(40,038)
49,617
213,258
£
£
-
6,379
44,103
194,237
-
(33,542)
44,103
167,074
£
£
36,050
(35,700)
-
(300)
48,438
(42,635)
41,440
(41,440)
-
(100)
-
(1,384)
5,000
(5,000)
2,064
(919)
132,992
(127,478)
226,021
(179,837)
226,021
(179,837)
359,013
(307,315)
Unrestricted
funds
Restricted
funds
Unrestricted
funds
Income
Expenditure		 Total
funds
£
8,576
294,337
(40,038)
262,875
Total
funds
£
6,379
238,340
(33,542)
211,177
£
18,200
375
29,897
-
-
-
-
1,145
At 31
December
2020
49,617
213,258
213,258
262,875

15. Movements in funds

20

Headway Somerset

Notes to the financial statements

For the year ended 31 December 2020

15. Movements in funds (continued) Purposes of restricted funds Henry Smith Contribution to rehabilitation assistant salaries and other associated costs Clark Foundation Funds for activities and resources

Clark Foundation

Funds for a volunteering project called 'Making Headway'

The National Lottery Community Fund The National Lottery Community Fund Covid 19 Fund Greggs Foundation Tesco Bags of Help Somerset County Council Fund

Contribution to the running costs of Headway Somerset during Covid 19 pandemic

Funds for social support Funds for social support and activities

Contribution towards IT upgrade and purchase and integration of Outcome Star into Salesforce

Somerset County Council Covid 19 Fund

Infection Control Fund (PPE and staff costs for Covid 19)

Prior year comparative
£
Restricted funds
Lloyds Bank Foundation
20,833
Henry Smith
-
Brympton Parish Council
-
Clark Foundation
-
Yeovil Town Council
-
The National Lottery Community Fund
-
Greggs Foundation
1,300
Tesco Bags of Help
11,000
James Tudor Foundation
7,500
Total restricted funds
40,633
General funds
168,517
Total unrestricted funds
168,517
Total funds
209,150
Unrestricted funds
At 1 January
2019		 £
£
-
(20,833)
52,850
(35,000)
335
(335)
750
(75)
829
(829)
26,393
(2,299)
-
(1,200)
6,000
(15,616)
-
(7,500)
87,157
(83,687)
271,552
(272,995)
271,552
(272,995)
358,709
(356,682)
Income
Expenditure		 £
-
17,850
-
675
-
24,094
100
1,384
-
At 31
December
2019
44,103
167,074
167,074
211,177

16. Related party transactions

There were no related party transactions in the current reporting period.

In the prior year the charity received a grant of £750 from Clark Foundation. The two charities are connected by way of Gloria Clark, a trustee of both charities.

21