HEADWAY DEVON Streets Bush Limited Chartered Accountants. 2 Barnfield Crescent, Exeter, Devon. EXI IQT. ANNUAL REPORT 2023-2024 REGISTERED CHARtTY NUMBER.. 1097870 REGISTERED COMPANY NUMBER.. 4777788 IEngland and Wales}
REGISTERED COMPANY NUMBER= 4777788 (England and Wales REGISTERED CHARITY NUMBER: 1097870 HEADWAY DEVON REPORTOF THE TRUSTEES FOR THE YEAR ENDED 31 MARCH 2024 HEADWAY DEVON REFERENCE AND ADMINISTRATIVE DAlLs CHAIR'S STATEMENT HEADWAY DEVON OBJEcrs HOW WE mEOuR OBJEcfivES PARTNERSHIP OUR IMPA RAISING AWARENESSAND INFLUENCING RAISING THE FUNDS FUNDRAISING STANDARDS AND PRACTICE VOLUNTEERS PARTNERSHIPS AND AFFILIATION io GOVERNANCE io EQUALifff, DIVERSITY AND INCLUSION {EDI} li THE CLIMATE EMERGENCY li PUBUC BENEFIT li FUTURE li RISK 12 RESERVES POLICY 12 STATEMENT OF TRUSTEE RESPON5811mES 13 STATEMEbrr OF FINANCIAL AcfiviTIES 14 BALANCE SHEET 15 STATEMENT OF CASHFLOWS 16 NOTES TO THE FINANCIAL STATEMENTS 18 INDEPENDENT EXAMINERS REPORT 31
REGisfERED COMPANY NUMBER: 4777788 (England and Wales REGISTERED CHARITY NUMBER: 1097870 HEADWAY DEVON REFERENCE AND ADMINISTRATIVE DETAILS Charity Name Headway Devon Charity Reglstratlon Number 1097970 Company (limited by guarantee) registration number 4777788 Prln¢ipal/Registered Office Rooms 8-10 Basepoint Business Centre Yeoford Wav Exeter EX2 8L8 Dlrectors/Trustees P Kel. Chalr D Tucker. Treasurer M Green (resigned and re*le¢ted 9 De¢ 241 J Davey N Mallett (elected 9 De¢ 241 Company Secretary R Wells Independent Examlners Streets Bush Llmlted 2 8arnfield Cres¢ent Exeter Devon EXI IQT Bankers CAF Bank Ltd 25 Kings Hill Avenue West Malling Kent CEO R Wells Senior Management Team E Smith
REGISTERED COMPANY NUMBER.. 4777788 IEngland and Wales REGISTERED CHARITY NUMBER: 1097870 CHAIR'S STATEMENT On behalf of the 8oard of Trustees, l am proud to present the Annual Report for Headway Devon for the year ending 31 March 2024. This has been another year of meaningful progress for the charity, as we continued to support adults acr055 Devon living with the life- changing efferts of acquired brain injury IA811. This year. we have helped approximately 100 people living with brain injuries in Devon, working closely with indivTduals and their families to address the challenge5 which they face. Our services-which include the Centre services in Honiton, Newton Abbot, and Exeter, one-to-one home support, therapeutic arts. and peer support groups- depend on the dedicated efforts of our team. I thank them all. Our collaboration with local businesses, universities, and organisations allow us to expand our reach and enhance our services. l am very grateful to all our partners for their continued support. This year has not been without it5 challenges. In response to financial constraints, we made the difficult decision to sell the X Centre in Exeter. While this was a significant change for both our beneficiaries and team, the transition has been managed with care and understanding and has released valuable funds to safeguard the ftjture of services for people with acquired brain injuries. I acknowledge the resilience of ovr clients and the dedication of our team in navigating this change. The charity's work would not be possible without the support of our donors and volunteers. VolLJnteers continue to play a vital role in the success of our Centres. Similarly, our fundraising efforts have ensured that we can continue to offer high-quality seNices to those who need them most. While we have made some progress in the past year, we recognise that more work is needed to reflect the diversity of the communities we serve. We are committed to making Headway Devon a more inclusive and representative organisation. We will a150 continue to raise awareness of the challenges faced by those living with ABI. working closely with the local authority and other partners to influence policy and ensure that the needs of our clients are fully understood and met. We are mindful of the environmental irllpact of our work, and we are taking steps to reduce our carbon footprint through sustainable prartices wherever possible. As we close another year, I would like to extend my heartfelt thanks to everyone involved with Headway Devon. You are helping to rebuild lives and create a more supportive and inclusive community for people affected by acquired brain injuries. Paul Kelly
REGISTERED COMPANY NUMBER: 4777788 (England and Wales REGISTERED CHARITY NUMBER: 1097870 HEADWAY DEVON Headway Devon works with adults across Devon who have an acquId brain injury IABII, supporting them and their families. In the UK someone is admitted to a hospital with an acquired brain injury every 90 seconds. We estimate that there are two thousand people living in Devon with an acquired brain injury. The people we work with are from all walks of lrfe. But they all have one thing in common- they- and their families- are living with the life-changing impact of brain injury. This can be caused by a road traffic accident, strokes, brain aneurysm or through disease such as meningitis. Although a brain injury affects people in very different ways. it typicalty leads to a complex mix of physlcal, cognitive, and emotional disabilities. These could include paralysis an(1 weakness on one side of the body, sight and hearing impairmenl, personalTty changes. difficulties processing information, difficulties with memory and emotional dysregulation. The brain controls every aspect of our bodies and so there is no limit for the challenges a person may face. and every injury will be different. After an ABI indlvlduals may have to come to terms with a new identity and a new life. Unemployment, financial hardship, a change in interests, relationship breakdown, isolatlon, depression, and anxiety are common. Headway Devon builds a support structure around the person, so thal they can come to terms with their new disability and build thelr new life. OBjEs he objects of the Charity Ithe Objettsl are the care, support and rehabilitation of people who have acquired brain injurles and to provide services and facilities for such persons. their families and carers, particularly those resl(lent In Devon excluding Plymouth. HOW WE MEET OUR OBJECTIVES We currently offer five seNices to meet the needs of people who have an acquired braln injury. Those seNices are..
Centre seNices in Honiton. Newton Abbot and Exeter. Newton Abbot and Honiton centres provide support one day a week and Exeter three days a week. Most clients access 1-2 days a week. One-to-one support in homes atross Devon. Peer support through therapeutic arts actwities in Exeter for people experiencing commurhication difficulties after brain injury. Family support through a private Facebook group and. for a portion of the year, through a Carers Lead who provided group support and information sessions. One-to-one sUPPOrt was also provided at home looking al emotional needs and practical issues. Our telephone which njns Monday-Friday from 9 am -2 pm provides non-clinical support and advice, referrals and listening.
REGISTERED COMPANY NUMBER.. 4777788 IEngland and Wales REGISTERED CHARITY NUMBER.. 1097870 PARTNERSHIP This year we have been delighted to work in partnership wtth BasetN)int Business Centre. Pro Bono, Law Society at Exeter Universty- Young Devon. The Universities of Bristol, Exeter and Plymouth. Devon Carers. St Lawrence Church. Puerto Lounge. The Beacon Centre. OUR IMPACF Brain injury affects every part of a person's life. Our vision is rebuilding lives after acquired brain injury. That will look different to everyone. In the rebuilding of lives, we also have an impact on societal systems. Our research suggests that overthe past year our support has led to=_ Reduction in GP wsit5 Redurted needs in soial care 17% 27% Managed secondary health issues 13% •Client has become reemployed Reduced debt 7% 3% 23% Prevention of family burnout •Redu£ed risks of hami We have also seen an increase in levels of confidence. understanding and memory recall. We have achieved this through.. In the Centres Playing cognitive games. mnning seated exercise activities. visual art, playing music and Singing, cooking, gardening. going out together into the cornmuntty, working on transfers (for instance from wheelchair to chairl. word finding. sewing, knitting, crocheting, supporting socialisation. provided support to manage finances, gave family members a break. and provided support to regulate emotions. In enablin supporting an application for benefits, supporting with the 50urcing of 5UPPOrt to manage debt. supporting 3 client to move home, supporting with cooking, gardening and managing health appointments, supporting access the community. supporting the client to organise and clean the home, SUprtIng exercise. prompting pet care, supportingto maintain
RE61STEREDCOMPANY NUMBER.. 4777788 IEngland and Wales REGISTERED CHARITY NUMBER.. 1097870 friendships and relationships, meal planning and shopping, providing education about brain injury, supporting other family members to get a break and to understand their loved ones, brain injury, supporting word finding and seated exercises. providing support for reading and hobbies, supporting volunteering opportunities and work, supporting activities that address anxiety, supporting acce55 to the police and court service5, SUPPOrting hospital admisslon and distharge processes. and supporting physio exercises. In our Peer Grou providing crafting and gardening activtties. These activities have resutted in ihe followin8 Outcomes for clients in our Centres: Improved movement Improved speech lrnproved ¢onfidence 11% 5% 5% Acceptance olthelrdls•bility 16% •Conhdefice Irs mana61Th8 thelr he•kh 5% •ln518ht into challenges around emotlonal dlsregulation •lnsi8ht Into challenges around dislnhibtlon 11% •lmprovements In emotlonil re8ul•tlon 8% •fteductlon of disinhltion 8%
New Interests post braln Injury
Redvrtlon in symptomsof depre551on and anxiety
REGISTEREDCOMPANYNUMBER- 4777788 (England and Wales REGISTERED CHARITY NUMBER.. 1097870 These activities have resulted in the following outcomes for clients receiving enabling SUPPOrt.' Enough montyto Iwe &j(tr in benefit applicati5 Feeling safe and secure in their home 11% 4%2% 7% G¢)od nutrition Abilityto manage health conditions and disability 11% 5% AfeelinE of belonginE STrthe community Improvement in balance, coordination or rnovemerit 11% 11% •lmprovernent in speech arKJ cornmunicarion 5% 11% Stron8eT relaton5hip5 6% A senseol purpose Holdingdown a job orvolunteering Understanding and actrptance of the brain injury In our peer group we have seen increased confidence and an anxiety reduction. The group has also sought out more opportunities for creativity and other groups they can access. RAISING AWARENESS AND INFLUENCING Our CEO is a senior member of the Devon Integrated Social Care Alliance. which she supported to establish. We believe in the responsibility of the charity sector to affect change in Society. The CEO is Currently participating in Co-Production with Devon County Council, other providers of social care, clients and carers to shape social care contraclÈng arrangements from 2025. We are also proud to be partners of the Devon Engagement SeNice, led by Lwing Options Devon. During the past year this work has centd around supporting the local authority to understand the experiences of our clients an(1 Carers around safeguarding.
REGISTERED COMPANY NUMBER.. 4777788 IEngland and Wales REGISTERED CHARITY NUMBER: 1097870 RAISING THE FUNDS nqryabonga d anke=&J=al: . tesekkui edeiiml cnacM6ow ¥*E•WI dzipkujp obiigado-i=sukiiya kop ll kiip zmochchakker8m I go iaibh maith agat giazie 8noato dgkujeffl .3 l Mepcii meici In the years 2023-2024. Busines5 at Breakfast donated over a thousand pounds from Its support during the pandemic. It was humbling lo receive support from small businesses in the middle of a financial challenge for so many businesses and individuals. We are profoundly grateful to all the people who remembered Headway Oevon whilst they grieved for a loved one who had died from a braln injury. It is always deeply moving that at a time of profound sadness people would show their concern for others. BBX Devon continued to support Headway Devon as a B8X An8el and we received a number of donatSons through BBX credits. The largest of these was from Business at Breakfast. Once again, we were supported by Petroc Bike Nights in a funilr3ising effort for Headway Devon and the Blood Bikes. We are grateful to Angela McBrayne, the Petroc Bike Nights committee, and all the blkers who atlended for their ongoing support of Headway Devon. Willcombe Stores have the most generous customers in Devon and supported us throughout the year through donation tins. The Barber Shop and Henry's restaurant also 5UPPOrted us through a collecting tin. St Sidwell Community Centre invite(l our CEO to 8ive a talk about brain injury and kindly made a donation. We slgned up for the new Exeter Community Lottery and would like to thank the Community Lottery, Exeter City Council and all our supporters for this regular unrestricted fundin8. Mike Leonard and the community in his village fundraised tirelessly for Headway Devon throughout the year and we thank Mike for all his hard work. Amalia ran the London Marathon for Headway Devon and through that made specialist therapy for Indlviduals possible.
REGISTERED COMPANY NUMBER: 4777788 (England and Wales REGISTERED CHARITY NUMBER.. 1097870 Tozers LLP made Headway Devon their charity of the year and did several fundraising events, including running the charity car park in the centre of Exeter. Headway Devon also benefitted from running the charity car park at Barnfield on a separate date. The Parish of Central Exeter kindly donated monies raised through a coffee morning. London Building Control and Torbay Bowls Association generoLJsly donated to Headway Devoft. The member5 of the Moving Tribe fundraise and donate to rnake their peer therapeutic art groijps P055ible. We would like to thank them all for their creativity, enerÉy and dedication. We received funding from the Coronation Communlty Fund to support celebrations for clients and for clients across Devon to come together. The Mental Health Alliance funded journals for the Moving Tribe. S¢rewFix donated funding to make our Exeter Centre more accessible and homely with filters for the lighting, soundboxes and flower5. We rely on the generosity of businesses and individua15 in order to fund our work and thank everyone for their incredible support. FUNDRAISING STANDARDS AND PRACTICE We received no complaints related to fundraising during the year. We are registered with the Fundraising Regulator, adhere to GDPR legislation. and uphold the Chartered Institute of Fundraising's Code5 of Fundraising Practice. The board reviews our fundraising activity quarterlv. VOLUNTEERS We would like to pay tribute to the wonderful volunteers who helped us to reach out to people living with B brain injury. The Day Centres enjoy the support of many regular and highly skilled volunteers. They enrich our offering and bring a greater quality of life to our clients. We would a150 like to acknowledge the volunteers and supporter5 of our Carer'5 Service. They made our work possible and enabled our Carers Lead to stretch her time to the best effect. In this year we continued working with students. Work with the future clinical leadership of the country we believe to be essential to our mission. We are 50 grateful for the time, innovation, and passion they bring to their placernent5. In this year a volunteer in Honiton gained employment rebuilding his confidence through Headway Devon. Another volunteer changed from a volunteer to become an employee.
REGISTERED COMPANY NUMBER= 4777788 (England and Wales REGISTERED CHARITY NUMBER: 1097870 PARTNERSHIPS AND AFFILIATION Collaborative working is an important part of the way we work. With limited resources and capacitv, partnerships, collaborations. and affiliations enable us to reach more people, connect clients Wlth other services that can help them and have a stronger voice about 15sue5 that matter. We are grateful to the Universitie5 of Plymouth, Bristol and Exeter who worked with us to provlde student placements. Countless organisations have come to the centres to give talks and provide creative opportLtnities, and we thank you all. We are also grateful to all the artists and crafters who worked with the Moving Tribe over the year. Headway Devon is proud to be affiliated to Headway UK. We benefit from our relatlonshlp with Headway UK through their profile rai5in& campai8ning and influencing nationally and through parllament, PR support. leadership development and their training. Headway UK affiliation brings additional benefit to our clients through their nurse-led helpllne. ABI identity card and emergency fund. We also work in partnership with many oiganisations from across the voluntary, statutory and corpor8te sectors. These organisations add huge value to our work and services. We are grateful to all those organisations that have worked in partnership with u5 over the past year. Thank you. GOVERNANCE ?? Headway Devon has a Board of Trustees who delegate day.to- day leadership to a Chief Executive Officer who is supported by the Senior Leadership team. The charlty and its operations are governed by a constitution adopted and incorporated on 2? May 2003. Trustees are elected by a majority vote of existlng trustees and will consist of at least three but not more than twenty-two individuals. The Chair is elected by the trustees. One third of trustees must retire at each AGM, those longest in office retiring first but those who retire may be re-elerted. A truslee should resign after a term of 6 consecutive years- however. other Irustees may propose immediate re*lection rf they believe this to be in the lonB-term interests of the charity. The trustees must hold at least four meetings each year at regular intervals. Trnstees are selected based on their skill sets in order to produce a balanced Board. Trustees are provided with training on acouired brain injuries as part of the induction process. Day to day running of the charity is undertaken by the CEO and senior management team. The board of trustees consists of a full board with meets every month. A Client Committee exÉsts to give clients more widespread influence over the strategic direction of the organisation. In addition, Ihere is a Staff Forum. The CEO and Board of Trustees would like to thank member5 of the St3ff Forum and Client Committee for their significant service to the charity over the past year. io
REGISTERED COMPANY NUMBER.. 4777788 IEngland and Wales REGISTERED CHARITY NUM8ER.' 1097870 EQUALITY, DIVERSITY AND INCLUSION (EDI) The charity recognises that there 15 Still work to do around diversity and inclusion at Headway Devon. In the year we were representative amongst students but weren't able to provide that in our staff team or beneficiaries. Our leadership is balanced in terms of gender wlth our senior management team entlrely female but our Board a balance of gender5. We need to review our diversity data once more. Since the last report we have secured more representation from younger people in our client group and our staff team. We do employ a very small number of staff who are LG8TQIA+ and who are neurodivergent. We are committed to changing the demographic of our clients and carers, to serve our communities fully. We are pleased to see this tiny step forward but recognise there rem8in5 much work to do. THE CLIMATE EMERGENCY Headway Devon recognises the climate emergency. It is particularly challenglng to respond when so much ourwork involves travelling between individual homes in the widespread geographies of Devon. We signed the pledge not to send Christmas cards several years. We use environmentally friendly cleaning products and recycled paper. We support a number of staff who cycle, walk and use public transport in order to get to work. We remain committed to producing a strategy to tackle the climate emergencv. PUBLIC BENEFIT The trustees confirm they have given due regard to the guidance issued by the Charity Commission relating to public benefit. Headway Devon aims to provide support, care and social reintegration for people with acquired brain injuries in Devon. FUTURE The Board of Trustees and the senior management team met in June 2024 to assess gaps in provision and identified a need for people who are outside of social care thresholds. We plan to run peer groups for individuals and their loved ones across the county. to provide digital inclusion work, support from the bedside, short term support for individuals and a helpline. This work will be undertaken in partnership with Plymouth and Cornwall Headway5. The charity is also working with other Headways across the South West and Midlands to jointlv purchase Services and reduce costs. In 2024 we will be working together to jointly purchase a notes and rota seNice. Headw3y UK has been working with Triangle Consulting Social Enterprise to develop an outcomes star specific to brain injury. This will be available from 2025. Developed in partnership with Headways and people who have an acqLJired brain injury. We are exctted to roll this out. li
REGISTERED COMPANY NUMBER.. 4777788 IEngland and Wales REGISTERED CHARITY NUMBER: 1097870 RISK Part of our work is to provide social care on behalf of the local authority. It is only a portion of the work that we do. We are reliant on the generosty of our local community. Our biggest risks are financial. The public may not understand our need for support. Our work with unpaid Carer's and our work with people with communication difficulties receive5 no income from the local authoritv. We want to support people across Devon who face an acquired brain injury. It Is a large country. As acquired brain injury affects many people, from all walks of life and at any age our clients don't live where our workers and volunleers live. Whilsl the local authority funds a portion of our work, it does not cover ihe quite considerable cost of travel. What we provide on behalf of the local authority is termed as unregulated support. None of the government funding around the pandemlc, winter pressures or to support hospital discharge supports the unregulated sector. In 2014 we purchased our building. the X Centre, which has been a major asset. The building is a beautiful Grade 2 listed building but unfortunately was quite expensive lo run. Due to the financial challenges, we declded in 2023 to sell the building to Sustain the organisatlon and to ensure that our Ilmlted funds are focused on our impact on people who have an acquired braln Injury. "'•.fl.4MLg We moved our Exeter Centre and our office to Basepoint Business Centre. The sale of the building wa5 particularly dlfficult for our beneficiaries, who struggle with change. They have been enormou51v supportive, and the staff team worked hard to ensure the move went smoothly. We would like to thank everyone for their work, patience, and understanding. The reserves policy is that Headway Devon will strive to maintaln a minimum cash reseNe of three months running costs to cover cashflow fluctuations and to provide for an orderly wind down If the charity was unable to continue operating. The sale of the X Centre has made this possible. Unrestricted cash balances at the end of the year were £499,60112023.' £36,195) and the remaining cash is made up of restricted funds and petty cash held at the centres. The total cash balance as at 31 March 2024 was £526.49512023: £63,563). RESERVES POLICY The charity aims to hold unrestricted free reseeS of 3 months operating costs, which equates to approximately £109,226. At the end of the financial period, the total funds of the charity are £565,477 12023.. £383.5471. which intludes restricted reserves of £28,119 12023: £27.3681 and tangible fixed assets of £2,13912023= £397.9241. The charitvs free reserves as at 31 March 2024 equal £S35,219 12023.. £82,773). The balance of free reserves is currently in excess of the charity's SeNe policy. howeverthe trustees have earmarked the reseNes to support the continued development of the strategic plan to achieve future financial sustainability. 12
REGISTERED COMPANY NUMBER: 4777788 (England and Wales REGISTERED CHARITY NUMBER: 1097870 STATEMENT OF TRUSTEE RESPONSBILITIES The Trustees Iwho are also the directors of Headway Devon for the purpose of company lawl are responsible for preparing the Report of the Trustees and the financial statements in accordance with applicable law and United Kingdom Generally Accepted Accounting Standards (United Kingdom Generally Accepted Accounting Practice) including Financial Reporting Standard 102 ~The Financial Reporting Standard applicable in the UK and Republic of Iland". Company law requires the trustees to prepare financial statements for each financial year which gtve a true and fair view of the state of affairs of the charitable company and of the incoming resource5 and application of resource5, including the income and expenditure of the charitable company for that period. In preparing those financial statements. the trustees are required to- select suttable accounting policies and then apply them consistently,. observe the methods and principle5 ifl the Chartty SORP: make judgements and e5timales that are reasonable and prudent- prepare the financial statements on the going concern basis unless it is inappropriate to presume that ihe charitable company will continue in business. The trustees are responsible for keeping proper accounting record5 which disclose wtth reasonable accuracy at any time the financial posttion of the charitable company and to enable them to ensure that the financial statements comply with the Companies Act 21J06. They are also responsible for safeguarding the assets of the charitable company and hence for taking reasonable steps for the prevention and detection of fraud and other irregulartties. Status of Report This report has been prepared in accordance wtth the special provisions of Section 419121 of the Companies Act 2006 relating to small companies. Approved by order of the board ITrusteel Name Dated: zo11 L 13
HEADWAY DPdON STATEMENT OF FINANCIAL ACTIVITIES FOR THE YEAR ENDED 31 MARCH 2024 Unrestricted Restrietéd Funds Fund5 T¢)ial Funds 2024 U•restrlctod Funds Rostrfctgd Funds Totsi Funds 2023 INCOME FROM Donations and legaaes Other trading acbvibes Investsnent income Charitable activrties other income 21,776 5,439 5,808 8.976 1,897 30.752 7,336 5.808 3&8,406 240,142 39,541 6.701 598 443.466 16,311 2,538 55.852 9.239 598 443.468 240.142 Totsl Income 869,571 10.873 490.308 18,849 509.157 EXPENDITURE ON Raising funds Chanlable actr'vrties 9,585 488,929 5.311 2,393 16,772 7,704 597.378 478.&51 10,278 Total axp•ndlturn 487,7 10.764 498,514 585,917 19,165 605.082 NET INCOMEI IEXPENDITUREI 10 181.821 181.930 195,6091 13161 195,9251 TRANSFERS BETEN FUNDS 22 16421 1881 88 NET MOVEMENT IN FUNDS 181,179 7S1 181.930 {95,6971 12281 195,9251 RECONCILIA TION OF FUNDS Total funds broughl lorward .179 27. 383,547 451,876 27,596 479,472 Total lund8 cathed forward 537,358 28.119 5.477 356,179 27,368 3e3.547 14
HEADWAY DEVON (COMPANY NUMBER 4777788) BALANCE SHEET AT 31 MARCH 2024 2024 Totsl funds 2023 Totsl funds Notes FIXED ASSErs Tangible assets cuRREh ASss Debtor5 Cash at bank and in hand 14 2.139 397,924 15 55.559 526,495 68,104 63,563 582.054 131.667 CAEDITORS: Amounts falling due within one year 16 118.7161 125.2511 CURRENT ASSETS 106,416 TOTAL ASSETS LESS CURRENT LIABIUTIES 565.477 504.340 CREDITORS.. Amounts falling due after more than one year 17 1120,7931 TOTAL NET ASSET 565,477 383,547 FUNDS Restricted funds Unrestricted funds 28.119 537.358 27.368 356,179 TOTAL FUNDS 22 565.477 383,547 The charitsble compary 15 enIrtd lo exemption from audil under Section 477 of the Companies Act 2006 for the year ended 31 March 2024. The members have not deposited nolrce. pursuant to Sethion 476 of the Companies Act 2006 requiring an audit of these financial statements. The trustees aCknOedge their responsibilities for compfying wrth the requ1Ments of the Companies Act 2006 with respect to accountin9 records and the preparation of accounts. These financial statements have been prepared in accordance with the special proM5ions of Part 15 of the Companies Act 2Q06 relating to small chaTrtable companies. The financial statements were approved by the Board ofTrustees on Lclizl Iland were signed on ils behalf by David Tu¢ker- Trustee 15
HEADWAY DEVON STATEMENT OF CASH FLOWS FOR THE YEAR ENDED 31 MARCH 2024 Note 2024 2023 Cash flows from the opèrating activities.. Net cash provided by lused in) 0ratIng activities 152,427) (75,7061 Cash flows from investing activities: Dividends, interest and rents from investments Net Ipurchasesllproceeds of property, plant and equipment 5,808 634.069 598 16591 Not cash provlded by (used in) financing activities 639.877 1611 Cash flows from flnanclng actlvltles: Repayments of borrowing (124.5181 {3,9151 Net cash provlded by (used Inl flnanclng actlvities 1124.5181 {3,9151 Change in cash and cash equlvalènts in the reportlng perlod 462,932 179.6821 Cash and cash equlvalents at the beglnnlng of the reporting period 63,563 143.245 Cash and cash tqulvalents due to exchange rate movements 526,495 63.563 16
HEADWAY DEVON NOTES TO THE STATEMENT OF CASH FLOWS FOR THE YEAR ENDED 31 MARCH 2024 1. RECONCILIATION OF NET INCOMEEXPENDITURE TO CASH FLOW FROM OPERATING ACTIVITIES 2024 2023 Net income for the reporting period {as per the statement of financial aGtivitiesl Adjustments for". Depreciation charges Lossllproff£l on sale of fixed assets Dividends, interest and rents frC investments Ilncreaselldecrease in debtors IncreaseJlde¢rease} in creditors 181,930 195.9251 1,858 {240,142} (5,8081 12.545 {2.8101 16,588 72 15981 2,439 1.718 Net cash provided by (used in) operating activities {52.4271 {75.7061 ANALYSIS OF CASH AND CASH EQUIVALENTS 2024 2023 Cash in hand 526.495 63,563 Totsl ¢ash and cash eqUIvantS 526,495 63.563 17
HEADWAY DEVON NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2024 ACCOUNTING POLICIES Basis of preparatlon The financial statements have been ppared under the historical cost convention, and in accordance with the Charities SORP IFRS 1021 'Accounting and Reporting by Charities.. Slalemenl of Recommended Practice applicable to charities preparing their accounts in 8c¢ordance with the Financial Reporting Sland8rd applicable in the UK and Republic of Ireland IFRS 1021 (effective 1 January 20151,. In preparing the financial statements the provisions of Section 1A "Small Entities. of Financial Reporting Standard 102 'The Financial Reporting S18ndard applicable in the UK and Republic of Ireland. the Companies Act 2006 have been applied. During the course of the year, the Trustees took the decision lo market and sell the X-cenlre, that provided essential funding lo clear the outstanding mortgage liabilty and boost cash reserves. The Trustees are also in a close working relationship wrth the CEO, have made significant strategic restructuring changes to reduce costs whilst not wanting to impact the operational abilty of the charity. In addition lo this, the Trustees continued to explore and develop an appropriate strategic plan lo enable the financial suslainabilty of the charrty. On this basis the Truslees conSer it appropriate that the xounts are prepared on a going concern basis. The charity meets the definition of a publK benefrt entty under FRS 102. Fund aecountlng pollcy Unrestricted ineome funds are general funds that are availabl8 for use at the Iruslees. discretion in furtherance of the objectives of the charty. Restricted funds are those donated for use in a particuL•r area or for Specific purposes, Ihe use ofwhich is restricted to that area or purpose. Designated funds are unrestricted funds sel aside at the discretion ollhe INslees for specific purposes. Further details of each fund are di8cbsed in note 22. In¢oming rosourcos Donations are recognised where there is entitMent. certainty of reipt and the amount can be measured with sufficient reliabilty. Donated goods have been included al the Icwer of their value to the chattty and their estimated open market value. Incc*ne derived from events is recognised as eamed Ilh81 is. as the related goods or services are provided). Investment income is recognised on a receivable basis. Inccme from charitable activities includes income recc/Jnised as earned las the related good5 or services are provKledl under conlract. 18
HEADWAY DEVON NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2024 ACCOUNTING POLICIES CONTINUED Resources expended Liabilities are reccMJnised as soon as Ihere 15 a legal or constructive obligation committing the ¢harity lo the expenditure. All expenditure is accounted for on an accruals basis and has been classified under headings that aggregate all c051s related to the category. Costs of generating funds are the cosls of Irading for fundraising purposes. Charitable expenditure comprises those costs incurred by the charity in the delivery of ils activities and seNices for its beneficiaries. 11 includes both costs that can be allocated directly to SLJch activities and those costs of an indirect nature necessary to sur4)ort them. Support costs Support costs include central fun¢tions and have been all¢Kaled lo aclivty cost categorS on a basis consistent with the use of resour¢es, for example, alltxing property costs by floor areas, or per caprta, staff costs by the time spent and other costs by their usage. Fixed assets Individual fixed assets costing £200 or more are initially recorded at cosL Depreciation Depreciation is provided on tangible fixed assets so as to write off the c05t or valuation, less any estimated residLJal value, over their expe¢ted usefitl e¢onomiG lrfe 8$ follows.. Freehold property 2% straight line basis Plant and rnachinery 50A straight line basis Furniture and equipment 200k straight line basls Computer equipment 330A straight line basis Debtors Debtors are included al the setuement amounl due. Prepayments are valued at the amount prepaid. Cash at bank and in hand Cash al bank and in hand includes cash and short temi highly liquid investfflenls with a short maturty of three months or less from the date of ¢)pening of the deposrt. Craditors Creditors are recognised where the charrty has a present obligation arising from a past event that will probably result in the transfer of funds lo a third party and the amount due to settle the obligation can be measured or estimated reliably. Creditors are recognised at their settlement amount. Financial Instruments The charity only has financial assets and liabilrties of a kind th qualify as basic financial instruments. Basic finan¢ial instruments are initially recognised at tfansaction value and subsequently measured at their setuement value. 19
HEADWAY DEVON NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2024 ACCOUNTING POLICES CONTINUED Operatlng leases Rentsls payable under operating leases are charged in the statement of financial ath'wties on a slraighl line basis over the lease temi. Pensions The charity operates a defined contribution pension scheme. Contributions are charged in the statement of financial activities as they become payable in aceordance wrth the rules of the scheme. DONATIONS AND LEGACIES Total Funds 2024 Total Funds 2023 Unrestrlcted Funds Restrlcted Funds Appeals and donations 21,776 8.976 30,752 55,852 21,776 8.976 30,752 55,852 OTHER TRADING ACTIVITIES Total Funds 2024 Total Funds 2023 Unrestricted Funds Restrlct Funds Fundraising events Room hire 280 5,159 1.897 2,177 5,159 2.601 6.638 5,439 1.897 7,336 9,239 INVESTMENT INCOME Total Funds 2024 Total Funds 2023 Unrestrlcted Funds Restricted Funds Interest on cash deposits 5,808 5,808 598 20
HEADWAY DEVON NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2024 INCOME FROM CHARITABLE ACTIVITIES Totsl Funds 2024 Total Funds 2023 Unrestricted Funds Restricted Funds Centre Serrfices Centre services provwjed Other seTviGes 166,923 166.923 187,885 3,490 167.007 167,007 191,375 Community Services Community SerVes other services 222,378 139 222,378 139 241,406 162 222,517 222.517 241.568 Other Services Other services 242 242 5,414 Central Centre senrices prov*Jed 6.640 6,640 5.111 396.406 396,406 443,468 OTHER INCOME Total Funds 2024 Total Funds 2023 Unrestricted Funds Restricted Funds Profrt on disposal of langible fixed assets 240,142 240,142 21
¢YLDwLfJrr¢D¢JOOO)(DfO OQ co<0 0¢S)riOn(YfY 00 ¢J)IrirnO tyino) uJrw¢ E 2t*l r4p otsu) 4))roN O 0> C In c o) O 4> C U cja c m CSJlJ C LLowLU0COJ[(1
HEADWAY DEVON NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2024 SUPPORT COSTS 2024 2023 Employment costs Transport costs Establishment costs Office expenses Printing. postage and stationery Subscriptions and éonations Equipment hire Sundry and olhei costs Travel and subsislen¢e Audrtors, remuneration and accountancy Bookkeeping fees Legal and professional costs Bank charges Mortgage interest Depreciats'on of tangible fixed assels 54,099 192 23.635 16,090 1,346 155 971 2,143 38 5,142 9,466 6,658 33 5,098 114,261 177 22,665 20,705 1,933 1,264 1,324 10,760 183 3,990 1,152 21,862 33 8,210 I I 14,379 125,086 222,898 Allocated to activities as follows.. Raising fund Centre seM¢es Outreach services Other services Room hire 2,405 51,077 70,675 489 420 2,851 79,394 140,630 23 125,066 222,898 TRUSTEES, REMUNERATION AND EXPENSES No trustees received any remuneration or reimbursement of expenses during the year. io. NET INCOME Net income is stated after chargin{credrtingl'. 2024 2023 Accountancy fees {ProfitlAoss on disposal Depreciation of tsngible fixed assets 5.142 {240,1421 1,858 3,990 72 16,587 EMPLOYEES, REMUNERATION The average number of persons employed by the charity (including trustees) during the year, analysed by category, was as follows.. 2024 26 2023 28 Support services Management and administration 28 31 25
HEADWAY DEVON NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2024 11. EMPLOYEES, REMUNERATION {continuedl The aggregate payroll costs of these persons were as follows.. 2024 2023 Wages and salaries Redundancy Social security Employers pension costs 324.534 389.361 9,040 16.113 11,223 17.716 5.037 347.287 425,737 Key management personnel 48.782 47,926 No employees receivèd emolumenls in exces$ of £60.000. Aggregate employee benefits of key management personnel were £48,78212023.' £47,926). 12. PENSION SCHEME Defined contrlbutlon pension scheme The charrty operates a defined conlribulion pension scheme. The pension cost charge for the period represents contributions payable by the charity lo the scheme and amounted lo £5,037 {2023." £11.2231. 13. TAXATION The company is a registered charty and is. therefo. exempt from taxation. 14. TANGIBLE FIXED ASSETS Frgehold Property Plant and Maehlnery Furniture & Equipmgnt Total Cost Brought forward Additions Disposals 431.510 85,472 53.660 1,533 138.8061 570,642 1,533 1555,7881 {431.510} (85.4721 Carried forward 16,387 16,387 Depreciation Brought forward Charge for year Eliminated on disposal 86.302 37,811 48,605 1,858 136,215) 172,718 1,858 {160.3281 (86.302) (37,8111 Carried forward 14,248 14,248 Net Book Value Carried forward 2.139 2,139 Brought forward 345,208 47,661 5.055 397,924 26
HEADWAY DEVON NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2024 15. DEBTORS 2024 2023 Trade debtors Other debtors Prepayments and accnjed income 41,489 5,258 8,812 65,762 2.342 55.559 68,104 16. CREDITORS- Amounts falling due within one year 2024 2023 Bank loans Trade cditorS Taxation and social securrty Other credbtors Accruals and deferred income 3,725 11,663 3,892 933 5,038 10.273 2,397 751 5,295 18,716 25.251 17. CREDITORS.. Amounts falling due after more than one year 2024 2023 Bank loans 120,793 18. BANK LOANS 2024 2023 Bank loans wtthin 1 year Bank loans between 2 and 5 years Bank loans nKJre than 5 years 3,725 14,900 105,893 124,518 Bank loans consisted of a single loan on which security has been gwen by the charity on the fehOld propety known as The Xcentre. Commerual Road, Exeler EX2 4AD. This was repaid during the year upon the sale of The Xcentre. 19. OPERATING LEASE COMMITMENTS 2024 2023 Amounts falling due within 1 year Amounts falling due between 2 and 5 years 19,111 814 19,111 814 27
HEADWAY DEVON NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2024 20. MEMBERS. LIABILITY The charity is a private company incorporated in England and Wales limrted by guarantee. Consequently, il does not have any share capital. Each of the members is liable to contribute an amunt not exceeding £10 towarés the assets of the charity in the event of liquidation. 21. RELATED PARTIES Controlling entity The charity is controlled by the trustees who are all dirtorS of the Company. 22, ANALYSIS OF FUNDS CURRENT YEAR Brought Forward Carri&d Foard Income Expttndlturn Transfers General Funds Unreslricled 356.179 669,571 {487.750) {642) 537,358 Rostrictod Funds Exmoulh Centre Client Holiday Honilon Centre Exeter Centre Cloth Worker Carer Support Torquay Centre Community Support X Centre Dr$ LCF 138 3,457 4,588 2,606 2.587 6,478 345 609 242 2.369 1,000 2,949 1138) 3,457 5,431 878 {35) (3,308) 642 2,587 6,478 {11) 1412} 197 {242) 2,369 1,000 Moving Tribe Lollery Community Fund 2023 Devon Mental Heahh Screwfix- Building Amalia Maralhon - Counselling COVID Vaccination Outreach Fund 620 3.498 580 4,000 537 650 {3,S691 11,9961 1486} 12091 11201 14801 1,5a2 242 4,033 417 170 27,368 10.873 {10,764) 28,119 383.547 680,444 {498.514} $65,477 All transfers out of restricted ftjnds are where capital rtems have been purchased wrth restricted funds. These purchases have satisfied the restriction. and so have been transferred to unrestricted funds. 28
HEADWAY DEVON NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2024 22. ANALYSIS OF FUNDS {continued) PRIOR YEAR Brought Fopward Carried Forward Income ExpenditurÈ Trnnsfers General Funds Unrestricted 451,876 490,308 {585.9171 1881 356,179 Restricted Funds Exmoulh Centre Client Holiday Honiton Centre Exeter Centre Cloth Worker Essex Trust Carer Support Torquay Centre Community SLJPPOrt X cent Doors Infection Control Access lo Work LCF 138 3.457 4.889 3,145 2,587 138 3,457 4,588 2,606 2.587 382 765 {683) 11,0341 {1861 15.3151 {2151 11.793 550 609 242 6,478 345 609 242 10 3,603 1.182 2,369 1,000 9,538 13.6031 11.2701 88 2,369 1,000 2,949 Moving Tribe 16,5891 27.596 18,849 119,1651 88 27,368 479,472 509,157 {605,0821 383,547 All transfers out of restricted funds are where capital items have been purchased with restricted funds. These purchases have satisfied the r&8triction. and so have been transferred lo Unrestrict funds. 29
HEADWAY DEVON NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2024 23. NET ASSETS BY FUND CURRENT YEAR Unrestricted Funds Restricted Funds Total Funds 2024 Tangible assets Current assets Creditors". Amounts falling due within one year Creditors.. Amounts talling due after one year 913 555, 161 (18.716) 1,226 26,893 2,139 582,054 {18.7161 Net Assets 537.358 28,119 565,477 PRIOR YEAR Unre5trScted Fund8 Restrlcted Funds Total Funds 2023 Tangible assets Current assets Creditors.. Amounts falling due wr(hin one year Crodilors.. Amounts falling due after one year 397,924 104,299 125,2511 1120,793) 397,924 131,667 125,2511 1120,7931 27.368 Net Assets 356,179 27,368 383,547 30
INDEPENDENT EXAMINER'S REPORT TO THE TRUSTEES OF HEADWAY OErfON I report to the charty trustees on my examination of the accounts ofthe company for the year ended 31 March 2024. which are set out on pages 14 10 30. Responsibilities and basis of report As the charity's tnjstees of the company land also ils directors for the purposes of company lawl you are responsible for the prepar8tion of the accounts in accordance wilh the requirements of the Companies Ad 20061'lhe 2006 Acl'l. Having satisfied myseW that the ac¢ounts of the company a not required lo be audited under Part 16 of the 2006 Act and are eligible for independent examination. I report in respect of my examination of your charty's accounts as carried out under section 145 of the Chartties Act 2011 Ilhe '2011 Act'l. In carrying out my examination I have followed the DirectnS given by the Charity Commission under section 14515llbl of the 2011 Act. Independent examine¢s report Since the company's gross income exceeded £250,000 your examiner must be a member of a body listed in section 145 oflhe 2011 Act_ I conlimi that l am qualified to undertake the examination because l am a member of Association of Chartered Certrfied A¢countsnls, which is one of the listed bodies. I have completed my examination. I confirm that rK) matters have come lo my attention in connection wrth the examination giving me cause lo believe= accounting records were not kept in respect of the company as required by section 388 of the 2006 Act., or 2. the accounts do not accord with those accounting records". or 3. the accounts do not comply wrth the accounting requirements of section 396 of the 20[ Act other than any requirement that the accounts give a 'true and fairf view which ts not a matter ¢onsidered as part of an independent examination., or 4. the accounts have not been prepared in accordan with the MethjS and principles of the Statement of Re¢ommended practi for accounting and reporh.ng by charities lapplicable to charf(ies preparing their accounts in accordancewiih the Financial Reporting Standard applicable in the UK and Republic of Ireland IFRS 10211. I have no COnrnS and have come across no other matters in connection wtth the examination to which attention should be drawn in this report in order to enable a prOr understanding of the accounts to be reached. S S Cann ACA FCCA CTA Streets Bush Limited Chartered Accountants 2 Bamfield Crescent Exeter EX11QT Date: LD 31