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 D￿AlLs
CHAIR'S STATEMENT
HEADWAY DEVON
OBJEcrs
HOW WE mE￿OuR 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 acquI￿d 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.
OBjE￿s
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, SUp￿rtIng 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 applicati￿5
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 relat*on5hip5
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 cent￿d 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 rese￿eS 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 I￿land".
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 BET￿￿EN
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￿ ASs￿s
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 enIrt￿d 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 aCknO￿edge their responsibilities for compfying wrth the requ1￿Ments 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) 0￿ratIng 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 eqUIva￿ntS
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 p￿pared 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 conS￿er 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 entit￿Ment. certainty of re￿ipt 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 categor￿S on a basis
consistent with the use of resour¢es, for example, alltx*ing 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 SerV￿es
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
LLow￿LU0￿CO￿￿J[(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 c￿ditorS
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 f￿ehOld
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 dir￿torS of the Company.
22,
ANALYSIS OF FUNDS
CURRENT YEAR
Brought
Forward
Carri&d
Fo￿ard
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 D￿r$
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 Direct￿nS 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 Meth￿jS 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 COn￿rnS 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 prO￿r 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