RECtSTERED COMPANY NUMBEI R: 04884834 (England and Wales} REGISTFRKD CHARITY NUMBER: 1100376 REPORT OF THE TRUSTEES AND FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2024 FOR HEADWAY SHROPSHIRE D.R.E. & Co. (Audit) Limited Kingslwid House 39 Abbey Foregaie Shrewsbury Shrop5hire SY2 6BL
HEADWAY SHRO IRE CONTENTS OF THK VINANCIAL STATEMENTS FOR THE YEAR ENDED 31 J)ECEMBER 2024 P&ge Report of Ibe Trustees Report of the Jndependent Auditors 10 to 13 St8temeDt of Fln8ncial Activities 14 Balance Sheet 15 Cash Flow Statement 16 Notes to the CAsh Flow Statement Plotes to the Financial Statements 18 to 28
HEAD AY SIUiOPSHIR REGISTERED NUMBER: 4884834 RE ORT OF THE TRUSTKES FOR TH EAR ENDED 31 DECEMBER 2024 The trnstees who ale also deCt0t of tlie chariry for the purposes of the Compallies Act 2006, present their report with the titiancial statements of the charity for the year ended 31 December ?024. The trustees have adopied ¢l)e provisions of AccountiAg and Reporting by Chat'itÈes'. Statetnent of R¢¢ommended Practice applic&ble to cl)ai'ities preparitEg their accowit5 th accordaThce witli tlie F8Cial Reportitlg Stand'd applicabl¢ ill the UK wid Repiiblic of Ireland (FRS 102) (effective l January ?019). OBJECTIVEI S AND ACTivrriES ObjectTves and Y4im5 Headway Shropshir¢ is cominitted to the care. siipport. and r¢habilÉtation of individua15 who have sustained acquired brain injury. Ill lllie with oiir Articles of Association, ow. core objectives are to provide higli-quality information, advice, and tailored rehabilit&tion services to individuals with atk acquired brain injury, as well as their families and carers. across Shropshire, Telford & Wrekin, and suiyounding tas. OUT overai'chino &im is to enhanee the qualÉty of life> promote independence, and siipport re&blement for indsviduals affected by an acquir¢d byaill injury. We achieve this by offcrit)g a range of services, iTEcluding structiired rehabilitatioii protsi'ammes. petrson-centr¢d suppor( atsd social I'eintegrauon activities, ensuring our clients regain confidence aud essential life skil]s. Equally, we recognise the vital role ot family members carers, offeritLg them slipport and guidan to navigate the complexities olacquired brain injiiry care. In fiirtheraiice of these objectives, Headway Shropsliiie is dedicated to: Delivering hi-qUa1ity, tailored reliabiiitalion and care - Our setvices ai'¢ designed to Ineet the wiiqiie needs of each client, supporting physical, cognitive, eTE]Otional, and social I'ehabilitatLOn. Providing essential ÈnforD]ation and advoca¢y- We equip Clients, fainilÈe4 and carers witli the knowledge and guidance neces&ary to make inform¢d decisions about care. rehabilitation, and welfare. Cr¢ating inclLisive suppoit netwoi'ks - We foster connections between individuals with an acquired brain injury, their families, and the wider community, reducing isolation and pi'omoting peei. suppurt. Stret]gthening paitneTShips We Nvork closely with local aiithorities, FIHS bodies, Case maiiagers, and other charitable organisations to ensure inteated and holisÉic support. Invc8ting iii sustait]able service developinent - By securing funding and adaptiThg our services to meet evolviii(T needs, we ensure continiied access to hioh-quality support. Upholding best pi'atEices in care ènd governance- We corliply witli r¢guL8toiy standards, ineluding tliose set by the Care Quftlity Commigsion {CQC). ensuring Iiigh standards of service delivery. Page I
HEADWAY SHROPSHlliE EGISTE D NUMBER: Q4884834 REPORT OF THE TRUSTEEI S FOR THE YEAR ENDED 31 DECEMBER 2024 OBJECTIVES AND ACTIVITIES Significant activlties 2024 was a pivotal year for Headway Shropshir4 focused on stabiltsation and long-tertn sustainability. Following the ¢hallernges of pievious years, we pi'ioritised stsEngthenintt our foundations, enswing fEiiancial resilience, aiid refining oui. opeiations. Despite ex¢¢mal pressiwes, we remained comniitted to delivering higli-qLialÉty SilPPOrt for iiidividyais with acquired bKaui injuiy and their famities. Through proactive cost-control measures, $trategic plan10, and the dedication of our tn, Ive navigated se¢tor-wide challenges while maintall)ing the tntegrity of our services. These efforts, along with the genei'osity and suppori of our fIderS, dolloi's, and community, ensured we remained a vital lifeline for those who rely on our services. At Headway Shropshire, we provide specialist support and reablement for individuals witb an acquired brain injury tltrough two key services.. our Community Wellbeing Centty (CWC) and ABICS (Acqiiired Blain Injuiy Commuiiity Supwrt) service. Cominunkty Wellbeillg Ceiitre Our Commiinity Wellbeing Centr¢ is a stnicttired, siipportive envii'oninent dtsigned to help individuals regain confidence, rebuild 5ki115, and improve their overall well-bcillg followiug an acqiiii'ed brain injury. BEsed in Shrewsbury and open tIee days a week (h4onday, Wednesday, aiid Fi'iday), the centre provides the following: CogJ)itive rehabilitation, iiicluding memory exei'cises, pi'oblEm-solving tasks, and collcentration-buildillg activities. Physical and motor skills developmrnt, Ivitli activiti such as seated eerciSe and gentle tnovement sessioiis. Crcative therapie5, irtcluding art and tllusic to encourage mindfiilness, self-cxpression, and engagement. Soci&l interaction and peer SllpporL l)elpingF clieiits co]Db&t isolation and bLiild cijnfidente through shared experienc&s. Practical life skills training, sueh as cooking and IT skslls to promote greater independence. The Wellbeing Celltr¢ also provides miich-needed respite for fnilY meinbers and carers, whil¢ ensuring their loved ones are engaged in a s&fe, structured, and supportive environment. ABICS (Acquired Brain Injury ConlUn1ty Siipport) Service The ABICS servi¢e pi'ovides one-to-i)ne support in cliei)ts' hoines and ¢oinniunities, enabling trJdiv%dua15 With an acquir¥d brain injury to maintaÈTh independcncc while i'eceivsng specialist care. Our trained support staff work C[8clY with clients to assist wiih.. Peisoiial care and daily living tasks. suppoiting illdividu&ls with dressing, Ineal prepai'&tLOlI, and household activities Éo eDcoiuage iTidepend¢iice. Cognitive and emotional suppoit, helping clients Manage n]emoiy difficiiltÈes, comnunication chall1geS. ai)d ¢motional well-being. Rciiitegration into the coniniunity, assisling with social activities alld confidcnce-building outside the hotne. Acccssing healthcare and services, includllig supporting clients at medical appoijitmettts. liaisig with pi'ofessionats. and ensuring they receive the appropriate Care. ABICS is designed to empower individuals to live as iTrdependently as Ex)ssible, offering tailored support that adapts to their evolvillg Aeeds. The servi¢e is available for those who requii'e ongoing assistance, whether shoit-temk rehabilitation or loiits.term 5UPPOrt. This seiwice is regulated by the CaiE Quality Conunission (CQC)- Facing tlieir internal challenges in 20?312024, we await further guidance and & date foi. our next I'oiitine inspection to reflect the positive irnprovemenls and changes made at H¢adway Shropshire shnce 2092. Both the Coinmunity Wellbeing Centre and ABICS service play a c¥ucial role in ensui'ing that individllals witli an atqutlEd brain llljuly receive the Care, rehabilitation, alld opportunkties needed to lead fulfilling lives. Having experienced a deciease in clieTrt nutllbers in previous years, ale pleased to report ¢hat client numbers have increased thi'oughout 2024. STRATEGIC FOCUS ON STABILITY AND SUSTAtNABILITY To secw'e ¢he oi'ganisation'8 futu]r, we made the strategic decision to p8uge certain planiied expan5ioThs and defer pi'oject5 Qlltlined in our 20?4 strategy. ThÈs approach allowed us to itnplement Éneaningful cost-saving measiires ivhile ensiirillg oui. long-term sil81nabl1ity.
HEADWAY SHROPSHIRE RE STERED NUMBER.. 04884834 REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31 DECEMBER 2024 OBJECTIVES AND ACTIVITIES Re¢ogns5ing the fa)iCial pressures crted by a 9.80/0 increase in tlie National minimu wage.the largest annual rise to date-we took caretiEI steps to manage oui. budget effectively. As a result, platllied facilities upgrad¢s and expallsion initiatives were postponed, enabling us to prioritise essential service delivery without cotnpromi5in Amid these fancial consti'aitits, we sti'engthened ovr leadersliip strncture by introducing 2 senior-level tier across our services. This enhancement was designed to improve quality coiitrol. create cl¢arer career pr(>gression opportunities foi. Staff, and suppoit a mol'e stru¢tured approach to service Mlagement. By f(Kusing ot) uitemal developmeFLt and efficieiicy, we continiicd to build a resilient. l-PErt0rn1lllg capable of delivering the best possible care. STAFFtNO The SLiccess of Headway Shropshite 1$ a testament to the dedicatioTh ai)d hard woi'k of our team, and we are truly gratefiLI for their contiu£d efforts. Tliey have shown resilience, patience, and ttue tealnwo, adapting to challenges, and maintaining their ¢omEnittneiit to providing hIghlla[1ty care and support. Nuinb¢r of Employf£S ABICS Cotnmiinity Wellbeing Centre Administiltion 2024 29 29 Reciuitment challenges p¢rsistcd throiighout 2024. largely diie to the ongoing difficiilties li) securing competitive rates within the adiilt social cal'e sector. As a charity, Nve are unable to matcli the fll]ancial incentives off¢red by corporate providci's. making it Ellcreasingly diffiLult to athict and retain skilled staff. Nevertheless, we reniained Lonunitted to developing oiir workforce, investing in staff traiiiiiig, and estsblishing an in-house training provision to equip uiir teani with the iie¢e8saiy skills io deliver high-qiiality Cdye. We prioritsse the develtspmeiit and growth of OLir teani by funding certaitk qualifications lo enhance learning and Cveer pi'ogi"ession. This investmcnt in OLir staffs ediication Ulldeiscores oiir commitlllent to tiieir professio11 development and loi)g-teiYn ce1. aspiratiolls. To fLUther recoonise alld acknowledg¢ our team. we have continised oiir 'Employee of the latri Irc{)0 ition award, aiid have Éiitrodiiced a siillunei. teatn biiilding eveni, celebratLII(F tlie hard work and deibcatioii of oiir teani Incmbcrs. We also liave i'obust divetsity and iNclusioii policies in place. ensiii'ing an inclusive and supportive work eiivironmeni for everyone. Regular supervisRon and appraisals are conducted to provide ¢olliinuou5 feedback and suppoit, foslerino a siipportive and growth-oi'iented workplace. CLtENTS At Headway Slu'opsliire, we are comniitt¢d to beÉng a clieiit-led organisation, ensurillg that the voices of those we support shape our seivites. We actively encoui'&ge daily feedback, fostering an open aiid responsive enviroiiment where lienis caT) share tlieir thoiights ld experiences in real time. Additionally, we conduct annual surveys tr> consolidate InsitS fi'om all clients, hclping us to identify trends, address coThcerns, and adapt oui. seivi¢¢s to meet evolving needs. This tomniilment to lisTriiing and respoiiding ensures tllat we contii)ue to provide the niost r¢levanl, impactful, and peison-centred support possible. One key exaniple of this Approach has been die rewiew of oiir Weadway at Home, sei'vice. With n)ore clients returnittg to the Community Wellbeing Centre. we lliade the teniporary decision co disContUe the service. However, ive recognise the impoitan¢e of nia1ntanlliO accessible, t]exible suppor( options for those unable to attend in person. tn response 10 client fredback, we are actively seeking grant filnding to rese.¢1] aThd redevelop Headway at Home to bettei. &lign witli tlie current needs of ow. community. Ttsis includes Explorin. digital solutions, collaborating with loe81 authoriries and health board% and ensuring tliat aThy fiEture model re111$ efficient, effective, and truly beneficial to those who rely on Page 3
HEADWAY SHROPS REGISTERED NUMBER.. 04884834 REPORT OF THE TRUSTEES FOR THE YEAR ENDED31 DECE R2024 OBJECTIVES AND ACTIVITIES PublSe benefit Det&ils as to how the charity'5 a¢tivities Ère for the public benefLt are provided in the objectives and activities section above. The IrLlStees confii'm that they have coimplied with the diity iii yectioii 17(5) of the Charities Act 2011 to have due regai'd to public benefit guidance published by the Clydrity Commission. FUNJ)RAISINC, DONATIONS & CRANTS The financial landscape in 2024 remained clialleiigin8 due to ongoit)g cost presSreS, and consti'ained &dult social cai'¢ sei'vice fees, making it difficult to cover the true costs of servi delivery. To mitigate the previous yeavs utility rises, we s¢cui'ed an ejllergency utility support grant from tlie National Lottery con]Unity Fund, helping to offset unexpected osts and prevetti further overspending. Desp&te the cost-of-living crisis and a general decline chai'itable giY&n& ndraIsIng efforts were succ¢ssthl. Tlie local food hub continued to provide donatlODS to tlie wellbeing centtf, and thi'oiigh strategic planiiing, we se¢ured Inatch funding tl)i'ougli The Big Give, maximising fundraising events througiioul the year. The local ¢oll]munity, including biisinesses znd organisations across Slvopsliire generoiisly donating raffle prizes to support our fundraiskiits efforts and events. We would also like to thank Ncscliffe Youi)o Farmers for theii. kEiid donation, along Wit all other eommunity meinbeTS Suppoited Headway Sliropsliu'e throUoUt 2024. Grlt applications were liighly coxnpetitive, Ivith fillidei3 repoiting unprecedented demand. However, we successfully seciired fundtng from The National Lottery Cominunity Fulld, The Millichope Foundation, Th¢ IlÈg Give and lterPriSe Mobility Giving. Th¢ National Lottery Cotnmunity Fund has continued to b¢ instruinental lli Sustaining oiir Wellbeing Cetltre, Ivhi¢h Yeceivcd the final payment of its. post-covid grant in Janiiaiy 20?4. lil response to rising Llient numbers and cap&city lllllltatians, we are actively working witli the National LottEry Itk cxplore fiuidillg for fiittir¢ expansion. Their support remains pÈvotal, alld we al'e grateful for their ongoints commitnient to our work. Page 4
EADWAY SHROPSHIRE GIST£RED NUMBER.. 04884834 RKPORT OF THE TRUSTEES FOR THE YEAR ENDED 31 DECEMBER 2 OBJECTIVES AND ACTivrriES Volunteers Headway Shropshire can have up to 15 Boai'd Metnbers who are all volunteers. We acknowledge th2t l)oard menther numbers Imve been low, and we have now begun aeÉively recruiting to strengthen ow governance. Our fo¢us is on building a diverse board that reflects the wider commuttity, bringijig together a broad range of skills and experiaice. This will ensure a variety of perspectives and inpuL enabling us to make informed decisions that represent the lleeds of all *hose we support. 2024, we successfully reintroduced a StrctUred volunteer promme, &llowing us to welcome volunteers back into our services in & more coordinated way. This tncluded the plannitw of a corporate volunteer inEtiative, aimed at engaging businesses and local organisations in rneaningfyl contributions to our work. Future Developments Looking ahead, Headway Shropshire ren1$ committed to stretwhening and exp8uding our services while ensuring fi[nCIal sllstainability. Key priorities for 2025 include.. Expanditig our Board of Trustees - We aitn to bring in a diverse range of skills, experien¢es, and backgrounds to strengthen govemallce and strategic l¢aders1iip. ResuTning postponed faLAlities llnprovemenls With e88cntiai Jnaintenance and expatksion plans put oll hold in 2024 due to cost-saving measure&, we p18ti to progress with facility enhancements, ensuring a rnore accessible alld ellgaging eiivironmellt for our clients. Continuing digital enhancements - We will bllild on ow digital trdnsformation strategy to i]nprove efficiency) streamline reporting, and enhance productivity across tILe organisation. Devel(yillg additional support groups and $ipOSt1£ rviceS - Expanding our ¢ot)llnunity engagement efforts to ensure &ndividua15 with an &cquired braRtL injury alld their families have access to comprehensive resources and peer support network5. While ¢hallen£es remain, our stratcgic focus ou sustainability, inllovation, and collaboratiotL will enable us to continue delivering -qlIk1lty car¢ and siipport tn those who i'ely on our services. FINANCIAL REVIKW Financial posltion For the year under Yeview, income from charitable a¢tivitÈcs totalled £1,302,356 (2023-. £1,099,084) witli voluntary incotne of £23,949 (2023.. £21,848). Charitable activities direct ¢osts were £1,042,841 {2023.. £877,334), management and administration costs of charitable activities were £75,998 (2023.. £125,509) and runniDg Costs and building aintenance totalled £87,100 (2023.. £97,317). Governance costs were £9,480 (2023- £15,174). As 5bowTh in th¢ Statement of Financial Aciiviues, thi5 getterated a et surplus of £86,656 for the year (2023: £5,598). Principal funding sources Conllnunity Wellbeiiig Centre services are charged per day. ABICS is charged at an hourly rate agreed by the commissioning agents dependent on the needs of the client. All other funding is through the generosity of people who fundraise attd donate to us and charitable ImtitiOnS whose objects are compatible with those of Headway Shropshire. Fundraising The charity did not work with any commercial participators or PKof¢ssional fiuJdraiseTS during ihe year under review. The charity is not Subje to at& und¢rtakit)g to be bOld by aDy voluntary scheme for regulating fvnd-raisin& or any volwitary standard of fLU]d-raisin& kn respect of its activities. No complaints have been re¢eived about activities by the chw'ity for the purpose of fundraising. In all fundraising activities during the periocL the charity has taken steps to protect the public, ineludillg vuknerdble people. from nreaSonable illts'usion QD a person's privacy> wireasonably persi&terLt approaches or widue pressure to give. P&ge 5
HKADWAY SHROPS EGISTERED NUMBEIR: 04884834 REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31 CE BER 2024 FINANCIAL REVIEW InvtMent policy and objectiv The Articles of Association alld Trust Deed authoris¢s lh¢ tNstees to make, hold and change inVeStents at their discretion. Reserve5 policy and golng concer The Chgrity Commissiott iecomtnends erVeS to be held to alltsw for six months nfftntng ¢05ts in die event of liquidation. Our estiniate of the value of six months ruii&iiiity costs is cuireThtly £685,000. The overall wuestricted fimds at the end of 2024 £310,760, wliich we hope lo contiiiue to biiild up to meet the l¢vel re¢oillinended by Élle Charity CO[[]1ssiO. The total fuAds held by the c113rity at 31 Decenkber 2024 are £401,414, this includes restricted funds of £90,654 relating to the Headway House building. Most of tlie fullding foi. clierjts, care and rehabilitatÈoA comes from tlie NHS or the relevant local authority. This makes the vrganisation vulnerable where public mojiey goin" to those bodies tCoUleS in¢reasintsly restricted. In addition it is oftett Ilie ease that cl)anges in a client's condttion can mean that they cease tD be fuiided by one body and beconie Ilie fancial responsibiliry of another. Thi8 process c1 result in delays in fllnding paynients bcitig received. On this basis it is vital thal sutricient cash is retained in the orgwiisation to allow for trmporary delay5 in the collection of fiinds due and to give time to adjust to varying funding Icvels. Therefoi'e we aim to hold 2 months of running costs. approximately £228,000, oil d¢posil in addition to ensw'ing that sllffkcient ndS air on in the current account to tncet all liabilities as they fatl due. At 31 Deceniber ?024 the ciirreiit accowii balance was £86,658 and deposit account balai)ces stood at £149,145, with the ac¢oullls now being a Enonthly surplus, IÉ i5 platjned throughout 2095 And beyoiid to continue to incre&se this incrementally to reach tlie plaiined &tnoiint. That said, we have seen an increase in private ftinding itL both the coillmunity wellbeing centre and our ABICS 5ervi¢e, and expanded oui. network of ftinding bodies, effectively diver8ifying oui. risk. This diversEfication includes engaging with more c4se n3n&gers and depiities, which broadens our fiwding bas¢ and rediices reliance on ally single sow'ce. The TnteeS have reviewed tl)e circumstances of Headway Sl)ropshii'e and consider tliat adequate resoiirces contii)ue to be available lo fund tlie activities of the charity foi. the foreseeable tilre. The cost-saving initiatives and comprehensive fJnaticia5 analysis conducted in 2024 have realigned our servlce costs and incoine, 8igiiificantly iprovIn(l our financial position. Despits rec¢ivitig less than half the aniount of NaÉioJal Lx)ttery fiiiiding iii ?n24 compared to ?023, Ive reported a surp1. dem0tl5tratll tEie etTe¢tivetiess of our cost control measures. White N&tional Lottery funds were still vital to oui. financial stability in 2024, fore¢&%ts aiid projections foi. 2025 indicate that we will be siistaii)able ongoing. The new managemeiit team lias identified streams of fi1l'C fuiiding and has reasonable assurance tliat tlie charity will contillLie to se¢iwR surricient fundii)g and donations to suppoit its acLiviLies. Our ftiture focilses in¢liide corFx)rale doiiations, local bustjiess collaboi'ations for fillidraiqing events, match fullding opportiinities. and key grlt applicatioDs. Fiindrdising gi'&nts are now manaoed in a stru¢ttired n)anner, witl) ali aiiiiual pla place. The Board and the dedicated teain at Headway Shropshire ale as committed 3s ever to delivering the highest quality servi¢e possible to our clients, eiisuying tkne charity rem8iE]s a going concerll for the foi'eseeable future. The trustees and management are confident in oui. ability to meet all fuiancial obligations as they arise and to eftectively manage any potentiai financial risks. On that basi5 the T¥te¢S air of the view that the charity is a going conceri), bul they acknowledge tliat a niaterial uncertainty in respect of going concern exists due to the Ilere1]t unceitaillty of futiwe funding and costs. This is explained further in note 2 ofdie financial stalenients. Fl'ee Reserves At 31 December 20fj4 the charity's freely available reserves toÉalled £310,760 (?023.. £214,619). STRUCTURE, GOVXRNANCE AND MANAGEMEIYT Governing doellnient The ¢hai'ity is controlled by its governing do¢utnent, a deed of irusl, and constitutes a limited CQEnpany? limited by guayaiiiee, as defed by the Cornpanies Act 2006. Page 6
HEADWAY ROPSHIRE EGISTERED NUMBER: 04884834 REPORT OF THET STEI ES FOR THE YEAR ENDED DECEMBER 2024 STRUCTURE, GOVERNANCE AND MANAGEMENT Appoiiitment of Trustees l Directors The trustees are appointed by the voting mejnbei's of the charity at the annual general meeting. Tiwtees rnay serye for three consecutiye years and then rStand for election. Orgxnisalional structure and decision making T]ie tsusiees govern the cimrity through a management board. Tlie m8nagemen¢ board einpSoy a full-time Chief Executive as operational matkager. The oi'8allisational structui'e of tlie chai'ity is clearly shown in our Or81$atIOn chart available in our Headway Sndards. Decision making All operatiotLqI decisions are mlde with the authorisation of the Chief Executive. Strategic decisions andloi. those with a rlltsnci implication i)f over £1,000 are made by the Headway Shropshire B0d. Induction ond tr9ining of new trustees All Boai'd menibers receive an lAdctiOn pack before their fii'st meding which includes.. Minutes of the pi'eviou5 tlii'ee board meetings (niore available on request) Oiii metnoranduin and ai'licles of 8SSOCiatioii A i'olc desci'iption fvfeeting and events dates for the cunent year Confidentiality fonn DBS diwlosiire application torm TiSlee de¢la1'&tO1} Information foi. Cotnpanies House Copy of the last newsletter Business pla La8t aniiual i'eport The F$scntial Tiustee.. An introduction The Essential TiStee.. What you need to know Key managemeiit remuneration Reinuneration foi. key Inanagement personnel is discussed at the Board meetitw an annual b8sis. Wlder network Headway Shropshire is a charity affil*ated to Headway- The Brain InjLiry Association. As an affiliate w¢ siuts ) Up to all of Headway'5 policÉes pi'ocedures. We are also audited by them aMILially to ensure we are meeting their standards. We benefit frotn receiving some of oiir insurance thrOll theni alottg with legal etnployment advice frain Invin Mit¢hel for which we make aNiual payment to Fleadway. Risk management The trustees have a dllty to id¢lltify and review the I'isks to which the charity is exposed #nd have cnsiired that appi'opriate systems and procedure5 are in place to manage those risks 3nd to provide reasoiiable assuTance against fraud aryd ei'ixjr. REFERENCK AND ADMINISTRATIVE DETAIIS Registei'ed Company iiuniber 04884834 (England and Wales) Registered Charity number 1100376 Page 7
HEADW AV SHROPSlItRE EGISTERED NUMBER.. 04884834 REPORT OF THE TRIJSTEES FOR THE YEAR ENDED 31 DECEMBE 2024 Reglstered office Headwdy Flouse Holsworth Pai'k Oxon Business Park Shrewsbury Shropshire SY3 5HJ Trustee5 J Ankers Depury chair T Liint Chair R VIterS Ti'iistees are also directQl'5 of the company. Coinpany Setretaiy T Lunt (i'Ebigned 12.4.23) Ms N W Rossiter (appoint¢d 12.4 ?3) Chief Executiv¢ Officer Ms S D HeS {r¢sibmed 8.10.23) Ms N W Rossitei. Auditoi D.R.E. & Co. (Audit) Lin)ited KiE]gslai)d Hoe 39 Abbey Foregate Shrewsbuiy Shropshire SY2 6BL The Compaiiy is i'egisÉer¢d with the Charity comnii5sioneis foi. England and Wales as a charity: its registered number is 1100376. The Company is timited by guarantee and does not have a share capital. Its re(r tered company i)uMbei' is 4884834. The charity is an affLliated membei. of the iiational charity Headway - the biJin llijwy association (r¢gistered no. 2346893). TRII.8TEES' RCI SPONSIBILITY STATEMETr4T The ti'llqteeq (who ale also the dii'ectors of Headway Sliropshire for the purposes of ¢oinpany law) are responsible for prepariDg ihe Rert of the Tiustees and the fitiancittl statemellts Én ac¢oi.dance wittL applicable law and United Kingdom AccountllE Standards (United Kingdorn Generally Aeceptsd Accoiinting Practice). Cofflpany law requiies the trustees to prepare fiiiancial stalements for each financial year which give P4 true and fair view of the state of affairs of the ¢haritable conipai)y at)d of the incoming resoiirces and Applicatioii of resources, inc5iiding the iu¢ome and expenditure, of the charitable coiiipany foi. tliat period. In prepai'ing those fiiiancial statenietLts, the trustees are required to select suitable accoimting policies and th¢n apply Ibem consistently; observe th¢ Tnetliods and pi'inciple5 in tl)e Charity SORP; make judgement5 and estimates tliat are reason&ble and prudent. pi'epare the fal(la1 statenients on tb¢ going con¢erN iiasis utiless it is inappropriate to Presutne that the cl)aritable company will continut in business. The trustees are responsible foi. keepin8 proper arcoiillting rteords which disclose with reasonable acciii'acy at any time the fiiiancial position of the charitable ¢oJiipaiiy and to enable tliem Eo ensure tliat the financial statements coimply witli the Companies Aet ?006. They ai'¢ also i'esponsible for safeguarding the assets of the charitable company and hence foi. taking rEasonable steps for the prevention and detectioft of fraiid and oth¢r ittegulai'ities. P8ge 8
HEADWAY ROPSHIRE EGISTERED NUMBIIR: 04884834 REPORT OF THE T TEES FOR THE YEAR ENDED DECEMBER 2024 TRUSTEESI RLSPONSIBILITY STATEMENT- contlnued In so far as the ts'LlStees Are awaie.. there is no relevant audit infom)ation of ivhicli the tharitsble company's auditors are unaware. and the trustees liave taken all steps that tliey ought to have laken to make theinselves awtue of any relevant audit information and to establish that the auditors are aware of that information. AUDITORS The allditors, D.IiE. & Co. (Audit) Litnited, wi51 be proposed for re-appointsnent at tl)e forth¢omllig Ant)ual GeTheral Meeting. This repoit lias beell prepared in accordanee with th¢ Special provisions of Part 15 of the Coinpanies Act 2006 relating to mall companies. Approved by order of tlie board of trustees on 6 Marel) 2025 aiid signed on its belialf by.. T LEllLt- Tnistee Page 9
REPORT OTr TFIE IIWF.PF.NDENT AUDITORS TO THE MEMJIKRS OF HEADWAY SHROPSFIIRE EGIS ED IYUMBER: 04884834 Opinion We have audited the fanCI&l statements of Headway Shropshire (the 'diarit&ble company) for the year ended 31 December 2024 which comprise the Statement of Financial Activities. the Balance Sheet. the Cash Flow Statement and notes to the fancIal statements, including a sum]nary of significant ac¢ounting policies. The financial reportillg framework tknt has beeii applted in their prepar&tion is applicable law &nd United Kingdom Accounting Standards (Utiited Kingdorn Generally Accepted Accounling Pr&cticel. In our opinion the financial statements.. give a tru¢ 4md fair view olthe state of the ¢harstable company's affairs as at 31 DeCeber 2024 and of its illcotning i'esources and application of resources, including its incotne and expendEture, for the year then ended. have been pi'operly prepared in accordance with United Kingdom Generally Accepted Accoullting Practice. and ave been prepaird in accordan¢e with the requarements ot the Companie& Act 2006. Basi$ for opinion We condu¢¢ed our audit in aCCordace with International Standards on Auditing (tfK) (ISAS (UK)) and applicable law. Our responsibilities under those SIdardS are further dcribed in the Auditors, responsibilAtie5 for the audit of the fanCi ststernents sectKan of our report. We are itidependenl of the charitable comparty in accordau¢e with the ethical requirements that are relevaot to our audit of the fillallcftal statements in the UK, inclUdng the FRC'S Ethical StaThdard, awl we have fiilfilled our other ethic resportsibilities tn accordance with these requtrements. We believe that the audit evidence we have obtaill¢d is sufficient and appropriate to provide a basis for our opirtion. Material uncertainty relating to going concer In auditing the financial statements, we have concluded that the trustees, use of the g05ng coneern basi5 of accounting in die preparation of the f{claI statements is appropriate. We th'aw attention to not¢ 2 uf the financial statements. which de5cribeq matters whiciL indicate that a malerial uttceitainty exists that may cast signiflcant doubt on the ch2ritable company's ability ta continue as a going concem. Our opinion ffts not modified respect of thi$ matter. Our responsibiltties and the responsibilities of the trustees with respect to going conrxrn art described I the relevant sections of this report. Other informalion Tlie irustees are responsible for the other infomation. The othey information comprises the information included ill the Annual Report, other diall the FUnCial statements and our Report of the Independent Auditurs thereon. Our opit&ion on the fmancial statements does not Cover the other information and, except to the exlent otherwise explicitly stated our report, we do not expreFA any form of assuY&nce conclusion thereon. In connection with our audAt of the financial statements, our responsibility is to Erad the other infomiation and, in doing so. consider wlicther the othei. intormation is materially inconsistent with the financial statements or our knowledge obtained in the audit or otherwise appears to be materially misstated. If we identify sueh material inconsistencies or apparcrtt material misstatements, we are required to determine whether tlii5 give% rise to a material misstatement in the financial statements tlietnselves. If, based on the work we have perfomled, we conclude that there is a material nii55tatement of thi$ other infomiation, we are required to report that fact. We have nothing to report in this r¢gard. Opinions on other matters prescribed by the Compallies Act 2006 In our opinion. based on the woi'k undertaken in the collrse of the audit.. the infornmtion given in the Report of the Trustees for the financial year for which the fÈnancÈal statements are prepared is tonsistellt with the fthan¢ial ststements. and tlie Repoit of the Trustees has prepared in a¢cordattce with applicable legal reqUire¢ll. Page 10
RF.PORT OF THL INDEPF.NDENT AUDITORS TO THE MEMBERS OF IIEADWAY SHROPaiHIRE EGIS ED NUMBER: 04884834 M&tter8 which we are required to Yeport by exeeption In the light of tli¢ knowledge and understallding of the charitable company and its envirOtent obtained in the course of the audiL we have not id¢ntkfitd material mi&statements in the Report of th¢ Trustees. We have nothing to report in respect of the following matters where the Companies A¢t 2006 requires us to report to you if, in (>ur opinion: adequate accountillg records have not been kept or retllm8 adequate for our audit have not been received from branches not visited by us. or tli¢ fanCIal statem¢Dts aye not in 8greement with th¢ yccountinÈ records Éd returns. or certain disclosures of trustees, remuneration specified by law are not made; or we have not received the information and explattations we require for ow. alldit. or the ti'ustees were not entilled to take advaniage of the small conipanies exemption from the requiremeE]t to prepare a Strategic Report oi. in preparing the Report of tbe Trustees. Re5POfJ5ibilities of trustee$ As explained more fiElly in the Trustees, Responsibilities Statement, the trustees (who are also ttke directors of the charitable company for the purposes of company law) are responsible for the preparation of the fUncial statemenls and for t*ing s&tsstied that they gÈve a trne and fair view, and for such internal ¢oiiti"ul as tlie tn]stees determine is llEcessary to enable the preparation of financial statemtrjts that are free from material ltatemenL whether due to fraud or em)r. In preparing the falICI&l st&tements, tELe trustees are responsible for assessing the ¢harit&ble compatky's ability to continue as a goin¥ Loncem, disclosing, as applicable, mattcrs related to going concern and usit)g the going concern basis of accounting tlie trnstees either intend to liquidate thc dJaritable company or to cease uperdtions, or liave no realistic altemative but to do so. Page 11
REPORT ofi THF. tNDEPENDENT AUDITORS'I'O TIIF, MFMBERS OF HEADWAY SHROPSHtRE EGISTERED NUMBER; 04884834 Our responsibilities for tbe audit of the financiol statements Our obj¢ctives are to obtain reasonable assurance about whether the financial statements as a whole are free from material misstatemEnt, whether due to fraud oi. error, and lo issue a Report of the tndependellt Auditors that includes our opinion. Reasonable assw?Dce is a high level of asstrance, but is not a guarantee that an audit conducted in accordance with ISAS (UK) will alway5 detect a material misstaternent when it ¢xists. Misstatements cali arise from fizud or error and are consÈdered material Éf, individually or in the agegate, they could reasonably be expected to influenc¢ the economic decisiolls of users iaken the basis of these fmancial statements. The extent to which our procedures are Capable of detecting irregularities, including fraud is detailed below.. Our approach to identifying and assessing the risks of inaterial mi&statement in r¢spect of irregularitie4 including fraud and non-compliance with laws and regulations, was as follow5.. the engagement parttLer ensured that the engagement t&im collectively had the appropriate competence, capabilities and skills to idcntify or reCOgls¢ non-¢ompliaLc with applicable laws and regulations. we ideEltifIed the laws alld regulatiolls applicable to the company through discussions with directors and other management, and from our commerc&al knowledge and ¢xperience of the care sector. we focused on specific laws and regulations which we conSided may have a direct mat¢rial effect on the financial statements or the 0ratIOnS of the company, in¢luding the Couipanirs Act 2006, Charity SORP (FRS102), employment, enviroEllnental and health and safety legislation and the Care Quality Commission regulations., we as5es$ed the extent of compliance with the laws and regulations identified above through making enquiries of tllana£emenL and identified laws and regulatÉons were communicated within the audit team regularly and the ieam remained ert to instaAces of non-compliance throughout the adIt. W¢ a8scssed the susceptibility of tli¢ coffipanS fEnan¢ial statements to material misstatemenL including obtaining an understanding of bow fraud might occur, by.. - making enquiries of management as to their knowledge of actual, suspected aud allBged fraud. and To adth'ess the risk of fraud through management bias and override of conts'ols, we.. - performed analytical procedures to identify any UnuSal or uttexpe¢ted ielationships; - tested joumal entries to identify unusual transactions. - reviewed the cashbook to identify Any large or unugual tran38Ctions,' assessed whether judgements arnd assumptions mad¢ in determining the accounting estimates set out in note 2 were iodicative of potential bias. fjnvestigated the rationale behind significant or unusual trdrÈsactions, In response to the risk of i¢glarItIeS 2nd non-cornpliaDce with laws aDd regulations, we designed procedures which included, but were not limited to.. - agreeing finall¢ial statement disclosures to uNderlying supporting do¢wnent2tLOn' - reading the rninutes of meetings of those charged with governance,. enquiring of managetnent as to actu41 attd pot¢nti81 litigation ad claims., reviewing correspondence with HMRC, relevant regulators: The Charity Comrnission 8nd The Care Quality Commission. Page 12
KEPORT OF THE INDEPEIYDLINT AUDITORS TO THE MEMBERS OF HEAJ)WAY SIIROP.%HTRE REGISTLRED NUMBF.R.. 114R84834 There are inherent litltatiOnS in ollr audit procedures desci'ibed above. The more removed that laws and regulations are from fanCIal transactions, the less likely it is tIt we would becoine aware of non-cotllpliance. Auditwg standards also limit the audit procedures required to identify non.compliance with laws and regulations to enqllary of the directors and other t8¢Mellt and the inspection of regulatory and legal eorreswlldence, if any. Material tnisstatements that arise due to fraud be harder to detect thk)n those that arise from e0[ as they nY volve deliberate conceahnent or collusion. A fiuther description of our r¢sponsibilities for the audit of tlie fancial statements is located on the Financial Reporting Coun¢&l's website at www.frc.org.uklauditorsresponsibilities. This desci'iption fonns part of our Report of the Independent Auditorn. Use of our report Thts report is made solely to the charitable coiiipany's members. a5 a body, in a¢¢oi'dance with Chapter 3 of Part 16 of Ihe Companies Act 2006. Our audit work has been undertaken so that we might state to the eharitable corDpan5 members tliose matters we req ired to state to them in auditors, report and for no other purpose. To the lIest extent pertni d by law, do llot accept or assume responsibility to atLyone other than the charitsble c4)mpany and the chariÉable pany's me bers as a body, for our audit work, for this report, or for the opinions we have fornied. Fi'ancis ock F.C.C.A. (Senior Statutory AdItor) for and on bekiaif of D.R.E. & Co. (Audit) Limited Kingsland House 39 Abbey Foregate SlllEwqhwy Shrop5hire SY2 6BL 6 M8Jch 2025 Page 13
HEADWAY SHROPSHtRE STATEMENT OF FINANCIAL AcfiviTtES INCORPORATING AN INCOME AND F,XPF.NJ)ITURE ACCOULYT FOR THE YEIAR ENDED 31 DECEMMER2024 31.12.24 Total fund5 31.12.23 Total nds Unrestricted fiinds Restricted funds Notes INCOMK AND ENDOWMEIYTS FROM Dorwtions and legacies 23.949 23,949 21,848 Charitable activities ComMilty Wellbeiftg Centre Miscellaneoiis income ABICS ConllnLinity Wellbeing Centre funding IS3,S49 7,312 I,IA2,910 153,549 7,312 k,112,910 28,585 121,571 1,886 932,601 43,026 28,585 Total 1,297,720 2885 1,326,305 1,120,93? EXPbNDI'I'URE ON Charitable activitie5 Comnillnity Wellbeing Centr¢ ABICS 303,398 898,181 9,517 28,553 312,915 926,734 324.660 790,674 Total 1,201,579 38,070 1,239,649 ,I15,334 NET INCOMEI{EXPXNDITURE) 96,141 (9,485) 86,6S6 5,598 RLCONCIJ.IATION OF FUNDS Total funds biought foiwai'd 214,619 100,139 314,758 309,160 TOTAL FUNDS CARRIED FORWARD 310,760 90,654 401,414 314,758 The notes forni part of these fiiianciai statements Page 14
HKADWA Y SHROPSHIRE REI GISTERED NUMBER: 04884834 NCE SHEET 31 DEC BER 2024 31.12.24 31.12.23 Notes FIXED ASSEI TS Tangible asset5 77,108 101,876 CURRENT ASSETS Debtors Cash at bank and in haiid 12 181,971 236,000 146,498 118,429 417,971 264,927 CREDITORS Amounts fallg due within one year 13 (93,66S) (52,045) NET CURRKNf ASSETS 324J06 ?12,882 TOTAL ASSETS LESS CURRENT LIABILrrJES 401,414 314,758 NET ASSETS 401,414 314,758 FUIYDS Unreslyicd ndS Resti'ict¢d funds 15 310,760 90,654 214,619 100,139 TOTAL FUNDS 401,414 314,758 These fanCIal statetnents have bee&] prepared in aOrdance with ihe provisions applicable to charitsble companies subj¢cl to the sll)all companies regime. The financial statemejits were Itpproved by the Boai'd of Trustees and aiithorised for issue on 6 mrh ?025 at]d were Sied on it5 behalf by.. /10 T Lunt- Trntee The notes foi'm part of tliese fiiiancial statements Page 15
HEADWAY SHROPSHtRE LOW StATE1¥ENT FOR THE R ENDED 31 DECEMBKR 2024 31.12.24 31.12.23 Noles C3sh Alows from operatimg Activities Cash generated fi'om operations 122,932 (51,069) Net cash provided byl(us¢d in) operating activities 122,932 (51,069) Cash tlows from Investing 2etivities Purcliase of tangible fixed as&el (5,361) Net ¢ath ([ed illlprovided by iAvestllig activities {5,361) Ch2nge In cash and Ch eqyiv21ents in the reporting period Cash cash equivalents at the beginning of the reporting perio 117&71 (51.069) 118,429 169.498 Cash and eash equival¢Jits at tbe end of tlie reporting period 236,000 118,429 The notes forni part of Éhese fthan¢ial statenients Page 16
HEADWAY SHROPSHIRE NOTES THE CASH FLOW ST ATEMENT VOR THE YE BNDED 31 DECEMBER 2024 RECONCILIATION OF NET llYCOME TO IYET CASH FLOW FROM OPERATING ACTIVITIES 31.1124 31.12.23 Net income for the reporting period {as per th¢ Statement of Finaneial Activitie5) Adjustnienls for: Depreciation cl)arges Loss on disposal of fixed assets Incre3se in debtors Increasel{decre&se) ill creditors 86,656 5,598 29,966 162 (35,473) 41,621 31,044 245 (51,759) (36,197) Net casb provided byl(used in) operat5ons 122,932 (51,069) ANALYSIS OF CHANGES IN NET fjUNDS At 1.1.24 Cash flow At 31.12.24 Net ¢a$h Cash at bank and itL hand 118,429 117,571 236,000 118,429 117,571 236,000 Total 118,429 117,571 236,000 The notes forni part of these ffftaN¢iai statemettts Page 17
HE DWAY SHROPSHIRE NOTES TO TH INIINCIAL STATEMENTS FOR THE YEAR EN I D£CEMBER 2024 STATUTORY INFORMATION Headw&y Shropshire is a charitable company, limited by guarantee, iegist¢l'Ed in England & Wales. charitable companYs i'ewstered number and registered office addi'e&s can be found within the reference and athninistralive details sectioii of the Report of the Trustees. The chai'itabl¢ cojnpangs principal place of busillesg is the I'egistered office address. ACCOUNTING POLICICS Basis of preparing the finaiiclal stateinents Tile financial Statements of the chftritable ¢oÉnpany, which ig a piiblic benefit entity Lmder FRS 10? liave been pi'epared in ac¢ordan¢¢ wsth the Charities SORP (FRS 1021 'A¢¢oulltEntt and Reporting by Charities.. Statetnent of Recomtnended Practice applk¢able to clllrities preparing their acci)unts iti accoi'dallce with the Financial Reporting Sta]id&i'd applicable ill the UK aiid RepLEblic of Ireland (FRS 102) (effective l Januai'y 2019),, Finat]cial ReportiTrg Standard 102 'The Fitiwicial Reporting Standard applieable the UK and Republic of Ireland, and the C.onipaiiies Act 2006. The fll]ancial statemeiils have be¢D prepai'ed under the l)istorical cost convention. These financial statem¢E)ts are for the individual entity only. The fmancial stateillents are pr¢s¢nted Sterlit)g (£), rounded to the nearesl £1. The tnistees 2re satisfied that the results in 2024 show a siJiific&nt itnprov¢ment over the prewÈous years. While National Lottery fvttds were still vital to the charity's fll)an¢ial stability ill ?024, forrLasts and pi'ojections for 2025 indicats tliat the charity will be siistainablc ongofng. On this basis the trustees have concluded that the going conc£rn basis of preparatÉon is appropriate, but that matei'ial uncertainties exist du¢ tu tlie inherent Iinceitainty of tutsiiE fiinding and tosls. Incoine All iiiconie is recognised in the Statemeiit of Fiiiancial Activities Ot)ce tlie chai'ity has entitlement to the nds, it is probable tbat the income will be received and tlie amount can be nasled reliably. Income fi'oln government alld otlier grants, whether 'capital' allt$ or 'i'evenue' grants is r¢coJts ]ised wheii die charity Iiaq cntitlemertt to the funds, and perfomianct coiiditions attached to the wants havc bc¢ii met, it is probable that the income will be ieceived and the amOlnt can be measured itliably. During the year. the cl)arity receiv¢d National Lottery grants 01£28,585 (20?3.. £43,026) whicb is 081$ed in income. The charity &lso receives tnost of its tunding for client caie and rehAbilitation fi'oÈn the NHS or the Kelevant local autliority. xpenditure Liabilities are recOgLsed a5 e.xpenditure as soon as there is a legal or constriictive obligation conllllitting the charity to that expenditure, it is probable th1 a trftnsfer of econoinic benefits will be requiied in settlement and the amount of the obligation Can be tneasui'ed reliably. Expenditllre is accounted for on an accruals basis and has been ¢188sified linder he&dings that a&gregate all cost related to the category. Where costs cannot be directly atti'ibuted to particulai. headings they have been allocated to activitie5 on a basis consistent willi Ihe iise of resoiirtes. Allocation and 2pportionmeiit of eosls Support costs are those functions that assist the woJ* of the cliarity bllt do not diitctly undeitske charitable activities. Support costs incliide management costs and mnning costs and building niailltetkance. The bases 011 whieh support costs are allocated to the dIffellt charitable &ctivitie5 are seÉ out below.. Managetllent costs.. Coiillnunity Wellbeing Centr¢ 25Yo (2023.. 250/0) and ABICS 75/0 (?023: 75¥.)- The allocation is based on tlie amouni of nianagenient tiine spent in relation to each activity. Page 18 colltinued...
HEADWAY SHROPSHIRE TO THE FINANCIAL STAIEMEI wrs- eontinlled R ENDED31 DECEMBER 2024 FOR T ACCOUNTING POLJCIES- continued Alloeation and apportioninent of Costs Runt]ing costs and building mainterJan¢e.. Cominunity Wellbeitig Centre 250/0 {2023.. ?5 /ts) and ABICS 75 / (2Q23.. 750/o)- The allo¢atlOll j5 based on the ainount of floor space within aiid around Headway HoLise whicli 1$ occupied by each activity- Tangible fixed assets Tangible fixed assets are ii)cluded at cost and depreciation is provided &t the following annual rate5 arnd methods in order to write off assets Dver their estimated [eful life. Long leasehold land Long lea$el)old buildings Furniture and equipment Websiie developni¢nt costs Not depreciated 5/0 stt?igJ]t lille 15V/o StraigJ)E line Over 5 years The trustees review taiigible fixed assets for impairnient on annual basis. Tgxstion The cl)ai'Éty is ¢x¢r]ipt from corpoi'ation thx on its ¢harit2ble activities. Fund accounting Unrestricted fiillds are available to spend on activsties that fiuther any of the puwseb of the cl?arity. Designated fi]nd8 are unrestricted filnds of tlie charity wlii¢h tl)e tiustees have decided at tlieir di5CI'etion to set aside to use foi. a specific pui'pose. Ke5tricted funds are donations ivhhcl) Élie doRor has specified are to be solely used for a particul. purpose oy specific activity being undertaken by the chai'ity. The natiire and putyose of each fund is eApl8ined ttote 15. PeiisiOIiS The charity provides a siakeholder pensioll 5chenie for permanent staff meinbers. The SCIrne operates on a defmed contribution basis and the assets and liabilities of the schetne are held separately from those of tlie haricy. VAT Value added lax is not rewwerable by tlie cliarity and as such is incliided in the relevant costs in the Statenient of Financial Activities. Hire purchzse and leasing Rtjitals paid linder operating leases are cbarged to the StatemenL of Financial Activitie5 on a straigkt line basis over the peiiod of the leaae. Debtors Trade wid other debtors are recognised at the settlemeiit ainount due aftei. any discounts offered. Prepayments are valued at the amout]t prepaid net of any discounts due. Cash at bank In hand Cash at bank oiid in hand includes cash and ailloits held in bank currei)t and savings accounts. Cyeditors and provisions Ci'editors and provisions are recognised wheKe the charity has a present obligatlDa resultuig from a past event that will probably resiilt ii) the trdnsfer of funds to a tliii'd paty the amouiit due to settle the obligation can be measured or esttn)ated reliably. Creditors and pi'ovisions are norinaily recognised at thetr settlement amount ftei. allowiiig for any trade discounts due. FinaR]cÉal Instruments Page 19 continued...
HEADWAY SHROPSHtR NOTES TO THE FINANCI FOR THE VEIAREiYDED 31 D STATEMENTS- continued MBER 2024 ACCOUNTING POLICIES- eontinued Tlie ch'Ity only has fthancial assets and financial liabilities of a kind tbat qiwlify as basic fiwdjicial instrutneiits. Basic ftnallcial iustruments are illitially I'ecognised at transaction value and subsequently measured at ibeir settlement value. SigNlfieant judgements and e5liniates The charitable conipany mak¢s estitnates and assuniptions concerning the future. The resiilting accoiinting estimates will, by definition, seldom equal the related actual results. The estunates and asswnptions tliat have a 5Égnificant risk of eausing a material adjustment to the cairying amounts of assets and liabilities within the next fmancial year al'e adthessed below. The charitable company makes an estimate of the recoverable value of tnde and other debtors. When assessing impainnent of trade and othei. debtors, managetnent consid¢r5 factors inclLidtng the ageillg profile of debtors and historical experieiice. See note l? for the catrying ainount of debtors. Tlie charitable coinpany makes & signifi¢aiit judgement when allocating suppoit costs to tlie different charitsble activities. The charity ithitially identkfies the costs of its suppoit fvncÉiolls. The support costs are then apportioyked between the kcy charitable actLVlties as explaslled tn note 2. DONATIONS AND LEGACIES 31.12.24 31.12.23 Donations 23,949 21,848 INCOME FROM CHARITABLE ACTIVITIES 31.12.24 31.12.23 Activity Headway house attendanc¢ fets Miscellaneous incotne Grant iTtLoine ABICS Grdnt income Community Wellbeing C¢ntre Misccllatieous Micome MiscellAncous income AMRCS Coillmuiiity Wellbeing Centst fuiidiiig 153,549 3,1112 3,500 1.112,910 28,585 l?1,571 1,886 932,601 43,026 1?01356 1,099,084 CHARITABLE ACTIVITIES COSTS Support costs {see note 6) Direct Costs Totals Community Wellbeing Centre ABICS 263,716 779,125 49,199 147.609 312,915 926,734 1,042,841 196,808 1239,649 Page 20 coiitinued...
HEADWAY SHROPSFttRE NOTES TO THE FINANCIAL STATEM S- continued FOR THE YEAR ENDED 31 D£CEMBER 202 SUPPORT COSTS Hwnan resoiirces Gov¢rDallce costs Management other Totals Coinmunity Wellbeing Centi'e ABTCS 18,999 56,999 6,057 l8,173 21,773 65J27 2,370 7,110 49,199 147,609 75,998 24,230 87,100 9,480 196,808 Th¢ D]aLerial categories of expenditttre iD¢luded within support costs are.. 2024 2023 StstTcosts Estsblibhtnent costs Depreciation of asseti Consiimable 4ikipment and repairs gal and professional fees Insui'ance 50,•59 21,138 29,966 12,366 15,857 16,072 99,935 31,044 L7,452 15,496 12,301 NET INCOMEI(EXPENDITURE) Net in¢oiiiel(expellditure) is stated after chargingl{crediting)'. 31.12.24 31.12?3 Auditors, remunei'ation Depreciation- owned assets Deficit disposal ot tixed assets 9,480 29,967 162 8,880 31,044 245 TRUSTEES* REMUNERATION AND BEIYCI FITS Thei'e were iio trustees, ieilluneratioii or other benefits for tlie year ended 31 December ?024 nor for Éhe year ended 31 December 2023. Trustee5' expense5 No expenses were paid to trustees durillg the year to 31 De¢tber 2024. STAFF COSTS 31.12.24 31.12.23 Wages and salaries Social secw-ity Costs Othei. pensioTh costs 904,000 79,807 16,070 804,068 67,?22 16,086 999,877 887,376 Page21 continued...
HEADWAY SHROPSHIRK NOTES TO THE FINANCIAL STATEMENTS- eontinued THE YEAR ENDED 31 DECEMBER 2024 STAFF COSTS- contiiiued The average monthly number of employees diiring the year was ps follows.. 31.12.24 31.12.23 Administration Community Wellbeing Centre ABICS 29 29 36 39 No employees received wnoluments in excess of £60,000. Pension contribution8 are allocated between direct costs of ¢haritable activities and support costs, a¢cording to the I'oles of the enwloyees. Tli¢ average monthly tkunibei. of full titne employees dui'ing the year was 20 (2023.. 20). io. COMPARATtVES FOR THE STATEMENT OF FJTr4ANCIAL ACTtVlTtBS Unre51ricted fidS Restricted runds Total fund5 INCOME AND CI IYDOWMEwfs VROM Donatjor15 and legacies 16,847 5,001 21,848 CligritAble activities Commiiiiity W¢llbetng Centre Miscellaneous income ABICS Cominwikty Wellbeing Centi'¢ fiding 121,571 1,886 932,601 121.571 1,886 932,601 43,026 43,026 Total 1,07?,905 1,120,93? EXPENDITURF. ON Charitable activities Commuhity we1lbeg Ceutre ABECS 306,361 735,779 18,299 54,895 324,660 790,674 Total 1,042.140 73,194 1,115,334 NET IF4COMEI(IIXPENDITURBI 30,765 (25,167) 5,598 RECONCILIATION OF FUNDS Total filnds brought fonvard 183,852 1*5.308 309,160 TOTAL FULYDS CARIUED FORWARD 214,617 100.141 314,758 Page 22 continued...
HEADWAY SHR IRE NOTES TO THE FtNANCIAL STATEME FOR THE YEAR EPIDED 31 DECEMBER 2024 tttinued ii. TANCIBLK FIXED ASSETS Long leasehold lttnd and bllildings Fumilure and equipment Website development costs Totals COST At l JoU112ry 2024 Additioi)s Disposals 605,725 92,281 5,361 (19,074) 2,386 700,392 5,361 (19,074) At 31 December 20J? 605,725 78,568 2J86 686,679 DBPRECIATION At l Januaiy 20J? Chartse for year Eliminated oll disposal 509,206 26,169 86,924 3,798 (IS,912) 2,386 598,5J6 29,967 (18,912) At 31 Deceinber 2024 535,375 71,810 2,386 609,571 NET BOOK VALUE At 31 December 2024 70,350 6,758 77,108 At 31 Decembei. 20?3 96,519 5,357 101,876 Long leasehold land at a cost of £60,000 is incliided in tlie net book value of £70,350 (?023.. £96,519). The l¢as¢ is due to expi¥e on 3 1st May 2992. Leaseliold biiildings reptr5ents Headwg4y House, a property piiiEhdstd for the fiirtb¢rallce of the charÉtable objectives. The building is held for consiimptÈotL and not investment PUl'POS¢S, SO tl)¢ trustees have not itTrcitn'ed the expense of fomially establishing its market Yalue at 31st December ?024. 12. DEJITORS: AMOUNTS FALLINC DUE WITHIN ONE YEAR 31.12.24 31.12.23 Otl)er debtors Prepayments 166,622 15J49 146.498 181,971 146,498 Fage 23 continiied...
HEADWAY SHROPSHIRE NOTES TO THE FINANCIAL STATEI MEI NTS- Continued FOR THE YEAR ENDED 31 DECEMBER 2024 13. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR 31.12.24 31.12.23 Trad¢ ¢i'editois Social security aiid othei. taxes Awruals and defeffi'ed income Other creditoi's 2,499 22,690 45,685 22,791 840 22,690 25,329 3,186 93,665 14. ANALYSIS OF IYET ASSETS BETWEEN FUNDS 31.12.24 Total funds 31.12.23 Total funds utestrIcted filnds Kestricted fiEnds Fixed assets Curreiit assets Current liabilities 66,758 337,667 (93.665) 10,350 80,304 77,108 417,971 (93,665) 101,876 264,927 {52,045) 310,760 90,654 401,414 314.758 15. MOVII MENT IN FUNDS Net movement in tiinds At 31.12.24 Atl.1.24 Unrestrieted furtds Undesignated FiEnd - Genertsl Reserve 214,619 96,141 310,760 Restricted fuDd5 Headway House building fiind 99,139 (26,169) 72,970 Lottery Fund- ConimLinity Wellbeing Cei)ti'e ScirwFix Woodwoi'k room 16,684 16,684 1,000 I,000 100,139 (9,485) 90,654 TOTAL FUNDS 314,758 86,656 401,414 Page 24 eorttinlled...
HEADWAY SHROPSHIRE NOTES TO THE FINANCIAL StATEMElYtS- eoAtinu¢d FOR THE YEAR ENDED 31 DECEMIILR 2024 15. MOVEMKNT ITr4 FUNDS- contifftued Net movement fids, included in the above are as follows- Incoining resources Resources expended Movement iii funds Unrestrieted funds Undesignated Piind- Gerjeral Reseyve 1,297,720 (1,201,579) 96,141 Restricted Headway House building fund (26,169) (26,169) Lotteiy Fund. Conimunity Wellbeing Centre 28,585 (11,901) 16,684 28,585 (38,070) 19,485) TOTAL FUNDS J,326 JOS {1.239,649) 86,656 Comp#rative$ for movement In funds Net movemeiit fllllds At 31.12.23 At 1.1 ?3 Unresti'icted funds Undcqignatcd Flind- Oen¢ral Reserve 183,852 30,767 214,619 Rtstyieted funds Headw&y House bllildino ftind 125,308 (26.169) 1,000 99,139 1,000 SorewFix Woodwoi.k room 125,308 (25,169) 100,139 TOTAL FUNDS 309,160 5,598 314,758 Page 25 continiied...
HEADWA Y SHROPSHIRE NtYrES TO THE FtNANCIAL ST ATEMENTS- continued FO E YEAR ENDED 31 DECEMBER 2024 15. MOVEMENT IN FUNDS- Continued Comparattve net llLovement in ftu)ds, lll¢lthded in the above are as follows.. Incoining resoiuces Resoiuces expended Movement in funds Unrestricted funds Undesigllated Fund- Getteral Reserve 1,072.905 (1,042,138) 30,767 Restrieted funds Headway House building (26,169) (26,169) Lottei'y Fimd- Commiinity Wellbein¢x Centre S¢r¢wFix Woodwork room 43,027 5,000 (43,097) {4,000) 1.000 48,027 (73.196) {25,169) TOYAL FUNDS 1,120,932 (1,115,334) 5,598 A curreiit year 12 moiitlis ar*d prior yeai. 12 mont7 combined wsition is as follows-. Net moveinent in fut)ds At 31.12.24 At 1.1.23 Unrestricted fuiids Undesignated Fund- Geneixl Reserve 183,852 126,908 310,760 Restricteil fiinds Headway House building fund 125,308 (52,338) 72,970 Lotteiy Flind. Comniunity Wellb¢ing Centre ScrewFix Woodwoi'k rooJTh 16,684 I,ooo 16,684 1,000 125,308 (34,654) 90,654 TOTAL FUNDS 309,160 92,254 401,414 Page 26 continued...
HEADWAY SHROPSHIRE NOTES TO THE FtNANCTAL STATEMEI NTS- corjtittued FOR THE YEAR ENDED 31 DECEMBER 2024 Is. MOVEMENT IN FUNDS- continued A cunEnt Ye 12 months and prior year 12 nionths con)bined net movement in fIdS, included in tlie aLw)ve are as follows: IiicoJnÉng resources liesources expended Movement fullds Unrestricteij fiiThds Undesignaied Fund- Genernl Reserve 2.370.675 {2,243.717) 126,908 Restricted fuNd$ Headway HoLe building nd (52,338) {52J38) Lottery Fund- Community Wellbeing Centre Scr¢wFix Woodwork rootn 71,612 5,000 (54,928) (4,000) 16,684 1,000 76,612 (111.266) 134.654) TOTAL FUNDS ?,447,237 (2,354,983) UNRF,STRIrrED FUNDS Unresti'icted fiJnd5 can be used in accordance with the charitabl¢ objects at the di5¢retion of th¢ tt'ustees. Ove1711 the curirnt unrestricted funds of the charity are below the 6 months of ninning costs as IEcommeiided by the Chat'ity Coimnission, biit the tt'ust¢es aim to contEnue to build up uttrestricted reserves to achieve the level recotnmei)ded by the Charity Commi&8ion. During the year the balan¢¢ of the desiguoted termination fi]nd wa5 transferjed to tlie general reserve. RESTRICTED FUNDS Tlie Headway House building fund 15 to applied wliolly for the purchase of Headway Hoiise to enable the chai'itable objectives of the organisation to b¢ continued and itnproved. The lund incliides past donaLions towar(ts tlie cost of building & new Headway HoEise, although tliese plans are curi'ently on liold. The Lottery Community Wellbeing Centre fund ielates to a Lottery Fiiiid bYai)t fot the refui'bishTnent of the cliai'ity's in Itoitse Cotnmuftity Wellbeing Celltre. Additional fundi[ received in ye. related to back dated ovej. spend on the project, these additioiial fiirtds have been cattied forwai'd to the next phase of the projecL. The ScrewFix Woodwork loo fi[d relates to fiinding received foi. the refiu'bishtnent of die charity's woodwork Koom. The balance of this restricted fid will be utilised it) 2025. Page 27 continued...
HEADWA Y SHROPSHIR NOTES TO THE FIIYANCIAL STATEMENTS- continued FOR THE YEAR ENDED 31 DECEMBER 2024 16. RELATEI D PARTY DISCLOSURES Key Manageinent Personnel Remuneration Included within wages and salaries is rnnunei'ation of £149,642 {2023.' £117,937) in respect of key management personjiel. Rel%kted Party Tran5action5 At tile yew end th¢ ¢hai'ity ow¢d £6,694 fo a related party, Headway UK. thÈs balance is included in other creditois. 17. ULTIMATE CONTROLLING PARTY The chai'ity is ¢ontroll¢d by the TnLStÈes. 18. INDEMNITY INSURANCE The charity bas expended £16,07212023.' £1?,301) during the year on insLirance. The policy includes llidelnlty lllSUl2nce tts protect the chariry and its ttustees against the eon8equent¢$ of clain)5 arising 8$ a result of neglect or dcfault in tlicir reipcctive duties. 19. SHARE, CAPITAL The charity is limited by guarantee. ad as such has no share Capi1. Ail menibers of the charity guarantee to contribute £1 Eli the event of 2 winding up. Page 28