inu￿sig￿a￿rQ Trallsaciion Rgf FZLKIY2N£WJT24 May2024 1924.37 BSTiufc +11 D Iro p 1128 Registered number.. 04479455 Charlty n￿rn￿r.. 1103215 Headway Kent (A company limited by guarantee) Unaudited Trustees, report and financial statements For the year ended 31 December 2023 inu￿sig￿a￿rQ Trallsaciion Rgf FZLKIY2N£WJT24 May2024 1924.37 BSTiufc +11 D Iro p 2 Headway Kent IA company limited by guarantee) Contents Page R&f•r•nc• and admlnistratlva dètails of th• Charltabl• company. Its Trust••s and advisers Trustees. report Trust8•s' r8sponslbllltl•s stat•m•nt Independent examinerfs report Statement of flnanclal a¢tlvltl•s Balance sheet 10 Notes to the financlal statement5 inu￿sig￿a￿rQ Trallsaciion Rgf FZLKIY2N£WJT24 May2024 1924.37 BSTiufc +11 D Iro p Headway Kent IA company limited by guarantee) Reference and administrative details of the Charitable company. its Trustees and advisers For the year ended 31 Oecember 2023 Dlr¢¢tors ITru$t••$l Carolina Flinl. Chair (Solicitor) ison P8rker. Vice Chair (Retired Solicttorl Brian MacDowall, IRetired County Councillor} Neil Wilkins. Trustee (appointed 29 March 20231 Company registered number 04479455 Charlty r¢glst$r¢d numbar 1103215 Registered office Heathay Kent Unil 3 Ground Floor Ashford Kenl TN24 8DH Company s•cr•tary Jennifer Walsh Chlef oxo¢utlv• offl¢•r Jennifer Walsh Ind•p•nd•nt Examlnfrr S M Rwse FCCA DChA Kr8slon Reeves LLP 37 Sl Mar9arefs Slreel Canterbury Kent CT12TU Bank•rs Barclay3 Bank PIC 130 Mortimer Street Herne Bay Kent CT6 SEE Sollcltors Gardner Croft LLP 2 Castle Street Canterbury Kent CT1 2QH Key Managèm•nt Personell Jennifer Walsh Ha￿eY CcM)k Isabel Shuter Page 1 inu￿sig￿a￿rQ Trallsaciion Rgf FZLKIY2N£WJT24 May2024 1924.37 BSTiufc +11 D Iro p4128 Headway Kent IA company limited by guarantee) Trustees. report For the year ended 31 December 2023 The Trustses present their annual retK>rt t(¥Jether with the financial statements of the Charitable company lor the year 1 JanLJary 2023 to 31 December 2023. The Annual report serves the purposes of both a Trustees, report and a directors, report under company law. The Truslees confimi Ihal Ihe Annual report and financial statements of the charitable company comply with the current statutory requirements, the requirernents ol the charitable company's goveming document and the provisions of the Slatement of Recommended Practice ISORPI applicable lo charities preparing their accounts in accordance with the Fin8ncial Reporting Stsndard applicable in the UK and Republic of Ireland IFRS1021 leffective 1 January 20191. Since the Charitable company qualTfies as small under section 382 of the Companies Act 2006, the Strategic report required ol medium and large companie5 under the Companies Act 2006 Islralogic Report and Directors. Rtsportl Regulations 2013 has been omitted. Objectives and activities a. Pollel•s and obl•etiv•s In setting objectives and planning lor activilitis. lh6 Truslees have given due consideration to ganeral guidance published by the Charity Commission relating lo public benefit. induding the guidance 'Publl¢ benefit.. runnlng a charity IPB21'. The main aims and objectives ol th8 charity are 88 follows- To promote wder understanding of all aspects ol head injuries and provKle infomialion. support and setvices to peopl8 Wlth a brain injury. their famili8s and car8rs. We achieve this by.. Increase awareness and understandin9 of head injury Participate in artivits'es that will reduce the in(idence of head injury Provide information and support lor people wth head injury and their ralativgs Promote and cO￿rdInate multi.disciplinary approaches to head injury. screening. acute care, assessment, rehabilitation and community re-entry wilh clear accountability - Assist people with head injury lo Tetum to ty)mmunity living. en¢J)urage soaal ou￿￿ts and productive activity. b. Actlvltles and Publlc Ben•fit Our Communlty Hubs ¢onllnue to raise the profile of a¢qurred brain injuries and its effgcls by offgring a uniqug low-cost professional service to brain injured adults and support to their families and ¢arers. Our clients undertake a person-centred outcome focused programme of acliviknes within Ihe Hubs. In addition, we provide support lo the family and carers ol people wilh an acquired brain injury to readjust to life after brain injury. Our Counsellor provides specialist Brain Injury counselling to people who are living with a brain injury and the Link Worker signposts people lo other speGialisl organisalions for addition81 help as required. Headway Kent is committ8d to raising awarÈnÈss of acquired brain injuriès and thè èffècts to profèssionals and thè g8nèral PLJblic which we do in numerous ways. i.e. using local volunteers, participats'ng in local events, using local media, working with local businesses, schools, colleges and universities. We conb'nue to work with local healih professionals to redu￿ the burden placed on the NHS. All these activi￿eS help to ensure that brain injured people do not face discrimination and are able to live a full lrfe in the community living. Page 2 inu￿sig￿a￿rQ Trallsaciion Rgf FZLKIY2N£WJT24 May2024 1924.37 BSTiufc +11 D Iro p Headway Kent IA company limited by guarantee) Trustees. report Icontinuedl For the year ended 31 L)ecember 2023 Objectives and activities {continuedl Achievements and perlorniance a. Maln achi8v8ments of tha Charltable company Oear Clients. Carers, SupKK)rters, Volunteers, and Friends ol Hea(Iway Kent. As we reflect on the past year, we find ourselves nawgaling unprecedented ¢hallenges that have deeply impacted Headway Kent's mission to support those affected by acquired brain injuries. The year 2023 has been marked by the convergence of economic pressures. a harsh cost ol living crisis, and the suspension of vital contracts for rnany providers including Headway Kent by the Kent County Council IKCCI. This report encapsulates the org8nisalion's joumey. achievements, and 8d8Ptations in the lace of extern81 pressures. The cost-of-living crisis has cast a long shadow over our operations. The increased costs of rents, utilities, and everyday essentials have strained our financial resources. This inflab'onary environment has forced us to reevaluate and adapt our strategies to ensure the sustainability of our services. In a regrettable turn ol events. the KCC suspended the Everyday Life Advities contract In September 2023, effecting disabled services provided by all organisations in Kent. The explanalion provided by KCC, ciling rinancial constraints, has added a layer of complexity to our operations. This sUS￿nsion has not only impacted our ability lo deliver essential services but has also introduced a financial burden due lo KCC not fulfilling the contracted payTnenl lerrns. The failure of KCC to pay (he correct contract value has compelled us lo make difficult decisions lo ensure the contsnuity of crtjr services. We have had lo reducè building liabilities by Iransilloning lo community venues, cul staff hours, and unlortun81ely, make redundancies. These palnlul measures were taken to safeguard the core of our mission while responding to the fiscal challenges imposed by extemal factors. Fundraising has become an even greater Challenge as all charits'es are contending with similar economic pressures and competing lor limited funds. We appreaate the understanding and ￿ntInued support from our community during these I￿n9 limes. Our commilmenl lo our mission ￿MainS unwavering, and w8 ar8 actively exploring innovative way3 to adapt and thrive in this challenging ftjndraising landscape. Amid the formidable challenges faced, il is imperative to underscore the noteworthy achievements within our organisalion. We have persistently advanced and diversTfied our service5, tailoring them lo cater specifically lo 8cquired brain injuries rather than adopting a one-size-fi15-811 approach cornmon In general disability services. Our efforts have refined session Structu￿$. fostering distinct groups lo amplrfy both social ￿habilitation and cognitive brain functioning. Clear palhways have been ca￿lu11Y ¢rafted to guide indiwduals toward personalised goals, facilitating their Joumey to lead fulfilling lives posl-brain injury. Additionally, il is crucial lo acknowledge the substantial efforts dedicated to community services. Our community engagement inrtiatives, encornpassing strategic marketing and me(li8 endeavour5, have wilne55ed a notable surge. Establishing mutually benefiual partnerships has be¢omg a focal point, emphasising the strength derived from collaborats've efforts within the community we are committed to serving. Notably, the infLJsion ol enjoyable activilies, such as quiz nights, has proven to be a Sour￿ of fun for Headway Kent, reflect4ng a harmonious blend of community engagement and organisational vitality. We extend our deepest gr8lrtude lo our de(licaled volunlews who have demonstrated unwavering commitment and resilien¢è. We also wel¢ome thg new volunt$ets and studènts who havg joined us, bringing fresh perspects'ves and energy to our cause. To our hardworking staff, your dedication lo our mission, even in the face of adversity, does not go unnoticed. Our heartfelt thanks go out to our lunders and supporte15 WIK) have stcmxl by us. recognising the importance of our work in the community. Your support is pivotal in helping us navigate these turbulent times. Page 3 inu￿sig￿a￿rQ Trallsaciion Rgf FZLKIY2N£WJT24 May2024 1924.37 BSTiufc +11 D Iro p Headway Kent IA company limited by guarantee) Trustees. report Icontinuedl For the year ended 31 L)ecember 2023 Achievements and performance {continuedl As we embark on the joumey into 2024, our steadfast commitment to realising OLJr vision of offering vital support to individuals affected by acquired brain injuries remains unwavering. A thorough exploralion of the financial terrain, presenting a comprehensive overview of our perfomiance in relation to key financial constraints. reveals the necessity for the implemenlaknon of additional strategies in the coming year. This proactive approach is essenli¥l to fortify our fin8nGial sustainability amid the ongoing eCOr￿Mi¢ challenges we encounter. Together. with your continued support. we aim to overcome these challenges and ensure that Headway Kent remains a beacon of hope and assistance for those in need. Flnanclal r•¥l•w . Golng concern After making appropriate enquiries. the Trustees have a reasonable expectation that the Charitable company has adequate resources to continue in operational existence for the foreseeable future. For this reason, they continue lo adopt the going concem basis in preparing the financial statements. Furth8r details regarding the adoption ol the going concern basis can be found in the a¢counts"ng pe1￿18$. b. Resorves pollcy We aim lo hold in our contingency reseThe an amwnt to Ihal of Ihree lo slx months running costs. The directors may changg this poliw depending upon the nogds of the charity. 11 is wdely recognised that fundraising becomes more and more drfficult due to the ffinancAal climate. New ideas and events prove difficult when competing with other well known charities. c. Annual r•vl•w Income, expenditure and b8nk b81ances are constanlly rweweil and the charivs progress is me8sured by means of a Comparison Chart which is discussed and revigwed at the quarterty Trustee's meetsng. The charity incurred a deficil during ihe year 01 £128.069. which reduces our total funds lo £123,874. This deficit 15 an increase on the previous yearfs deficit of £49,869. The totsl funds comprise of no restricted or unrestricted general funds and designated fund5 of £123.874. d. Rlsk management Thè Managèment Committèe mèèts quartèrly and reviews thè major risks th8 charitablè company is èxpos8d to. As a result of our Business Plan, out KPI'S. finance meetings. and client meetings shows at a glance the progress of the charily and identifies any area of concern or risk. Intemal control risks are minimised by ihe implementation of policies and procedures for all aspects of our charity. Health and safety compliance is exercised throughout the charity. Page 4 inu￿sig￿a￿rQ Trallsaciion Rgf FZLKIY2N£WJT24 May2024 1924.37 BSTiufc +11 D Iro p 7128 Headway Kent IA company limited by guarantee) Trustees. report Icontinuedl For the year ended 31 Oecember 2023 Structur8, governanc8 and manag•ment a. Con$titutlon Headway Kent was incorporated as a company limited by guarantee on 8 July 2002 and is govemed by ils Memorandurn and Articles ol As%)ci8lion. The Charitsble company g8ined charitable status on 14 April 2004 and I￿k over the a¢livikn'trs and assets of the unincorpoialed association optrraling as H&adw8y East Ktrnt Icharily number 10133091 on 1 August 2004. In the even ol the company being wound up members are required to contribute an amount not exceeding £10. On 22 July 2022 the Charitable companls name changed from Headway Kent Ltd lo Headway Kent. b. M•thod$ of app¢lntm•nt or ol•dlon of Tru$ts•$ The Diredors of the Charitsble company are also Charity Trustees for the purpose of charity law and under the Companls Articles are known as members ol the hAanagemenl Committee. The Trustees of the ¢harily are listed on the Legal and Administrative page of these a¢￿unIs. Prospective Iruslees are identified via a search of local organisations, coniacts, supporters and beneficiaries and via local publicity. Trustees receive an induclion into the charity and can access local trainiro for Trustees if rgquirgd. c. Organlsatlonal Structure The day-to-day management of the charitable company has been delegated by the Iruslee5 to the Chief Executive Officer. The Iruslees 81s0 receive representation from Cliènts. C8r&rs and Volunteer reprèsentaliv&s. This ensures that services are develope(l in 8ccord8nce with Ihe neetls of our servlce users. All Communlly Hub staff are assisted by our fantastic, dedicated volunteers. Page 5 inu￿sig￿a￿rQ Trallsaciion Rgf FZLKIY2N£WJT24 May2024 1924.37 BSTiufc +11 D Iro p Headway Kent IA company limited by guarantee) Trustees. report Icontinuedl For the year ended 31 L)ecember 2023 Plan5 ft>r future periods As we reflect on the upcoming years for Headway Kent. it is imperative to acknowledge the evolving landscape and navigate our course w(th foresight and adaptabiltty. The recent events surrounding the suspension of contracts by Kent C¢xJnty Council IKCCI have underscored the importance of diversifying our income 51re8ms and reduong reliance on sin9ular funding sources. The sUspens￿n of contracts affecting 28 providers delivering disability services under the 'Everyday Life Activities. contract has not only disrupted serwce provision but has also highlighted a breach of trust between service providers and KCC. The unilateral decision to suspend contracts without provision5 within the agreement has shaken the foundation of our partnership wilh KCC. Moreover, the subsequent desire lo Ten￿otIat& contract terms due lo financial ￿n$traintS on their part has inlrodu¢ed further uncertainty and risk into the equation. Moving forward. il is evident that plaang undue reliance on contracts wth entities that demonstrate a propensity lo deviate from agreed terms poses signthcanl risks to the sustainability of our organization. The unpredictable nature ol the situation leaves Headway Kent vulnerable ¢0 potential lulure su5pension5. terminations. or renegolialions ol conlr8Cts, thus jeop8rdizing our ability lo deliver essential services to those in need. To mitigate these risks swiffjy and sustainably, Headway Kenl musl take proactive measures lo diversify our funding streams and reduce dependence on contracts wth volatsle partners. This may involve èxpanding fundraising efforts, cultivating partnerships with other l¢xal authorities or private donors, and exploring alternative revenue-generaling initsatsves. Additionally, it is imperative ¢0 engage in open dialogue wilh KCC and other stakeholders lo address concerns, clarify expectstions, and seek assurances regarding the stability and integrty ol fvture contractual arrangements. By advocating lor transparent and fair conlracting practices, we can work towards establishing a morè stable and mulually beneficial partnership framework that prioritsses the well-being ol service users and ihe sustainability of Service providers. In navigating the uncertain terrain ahead, Headway Kent remains committed lo its mission ol 8UPPOrting Individuals affected by brain injury and their families. By proactively addressing challenges, embracing innovation, and fostering ￿llabOra￿'Ve relationships, we will ￿ntinUe to adapt and thrive in the face of adversity, ensuring Ihat our services remain accessible and impacfful for years to come. Approved by order of the members ol the board of Trustees and signed on iheir behalf by.. GFLi Carollno Fllnt Director (Trusteel Dale.. 24 May 2024 Page 6 inu￿sig￿a￿rQ Trallsaciion Rgf FZLKIY2N£WJT24 May2024 1924.37 BSTiufc +11 D Iro p Headway Kent IA company limited by guarantee) Statement of Trustees. responsibilities For the year ended 31 December 2023 The Trustees (who are also the d1￿ctOrS of the Charitable company for the purposes of company 18w} are responsible for preparing the Trustees, report and the financial statements in accordance with applicable law and United Kingdom Accounting Standards (United Kingdom Generally Accepted Accountsng Practice). Comp8ny law requires the Trustees lo prepare financial stslemenls for each financial year. Under ¢ompany18W, the Trustees must not approve the financial statements unless they are satisfied that they give a true and fair view of the slate of affairs of the Charitable company and of its incoming resources and application of resources, including its income and expenditure. lor that period. In preparing these financial staternents, the Trustees are required to.. select suitable accounting poliaes and then apply them consistently. observe the methods and principles of the Charities SORP IFRS 1021.. make judgments and accounting eslimates that ace reasonable and prudent,. stsle whether applicable UK Accounting Stsndards IFRS 1021 have been followed, subject to any material departures disclosed and explained in the financial statements.. prepare the financial statements on the going concem basis unless it is inappropriate to presume that the Charitable company will continu6 in business. The Trust88s are responsibl8 for k8eping adequate accounting records that ara sufficient to show and explain the Charitable companls transactions and disclose with reasonable accuracy at any time the financial position of the Charitable company and enable ihem lo ensure Ihal the financial statements comply with the Companies Act 2006. They are also responsible lor $8leguarding the assets ol the Charitable company and hènce for tsking reasonable Steps for the Kyeventlon and detection of fraud and other irregularltles. Approved by order ol the members of the board of Trustees and signèd on its ￿hall by.. Carollne Fllnt Director (Trusteel Dale.. 24 May 2024 Page 7 Headway Kent {A company lirnited by guarantee) Indèpèndènt èxaminèrfs rèport For th8 yèar èndèd 31 D8c8mbèr 2023 Independent examinefs report to the Trustee5 of Headway Kent I'the Charitable company'l I report to the charity Trusiees on my examinalion of the accounts of the Chantable company for the year ended 31 Oecember 2023. Rosponslbllltlos and basls of raport As the Trustees of the Charitsble company {and its directors for the purposes of company 18wI you are responsibl$ for thg preparation ol the accounts in a¢cordan¢e with the requirements ol the Companigs Act 2006 I'the 2006 Act'l. Having satisfied mysew that the 8¢counls of the Ch8ritsble company are not required lo be audited under Part 16 of the 2006 Act and arg eligible for independenl examination, I report in respect of my examination ol the Charitable company's accounts carried out under section 145 of the Charities Act 2011 1.the 2011 Act'l. In rrw'ng out my examination I have lolbowed the Directions given by the Charity Commission under section 14515llbl of the 2011 Act. Inde￿ndent oxamln•rf$ statsment Sinc& thè Charitsble eompanls gross income exceeded £250.000 your examiner must be a member of 3 body Ilsled in section 14S ol the 2011 Act. I confim) that l am qualified lo undertake the examination because l am a member of Ass¢xialion of Chartered Certified Accounlants. which is one of the listed bodies. I have eL)mpleled my examination. I confimi th81 no matters have come lo my attention in connection with the 8X8minalion giving me cause lo believe: accountsng records were not kept in respect of the Charitsble company as required by seth'on 386 of the 2006 Act.. or the accounts do not accord with those ￿COrds., or the accounts do not comply wth the accounting requir8m8nts of saction 396 of the 2006 Act other than any requirement that the accounls give a 'true and lairf view which is not a rnatter considered as part of an independent examination,. or the accounts have not been prepa￿ in accordanc* wlh the methods and prin¢iples of the S181emenl of Rgcommended Pradi¢e lor accounting and reKK>rting by ¢harities lapplic2f)le to charities prèparing their accounts in accordance with Ihg Financial R¢pfyl1'ng Stsndard appli¢ablo in the UK and Republi¢ of Ireland IFRS 10211. I havg no concems and have ￿me across no other matters in connection with the examinatlon to which attention should be drawn in this report in order lo enable a proper undersianding of the accounts to be reached. This ￿port is made solely lo the Charitable Companls Trustees, as a body, in a¢(xJrdan¢e with Part 4 of the Charities IAccounts and Reports) Regulab"ons 2008. My work has been undertaken so that I might statè to th6 Charitable companls Trustees those matters l am required to state to them in an Independenl examiner's report and for no olher purpose. To the lullesl extent pem)itted by law, I do nol accept or assume responsibility to anyone other than the Charitable company and the Charilable companrfs Truslees as a body, for my work or for this reFK>rt. Signed.. S M Rouse FCCA DChA Kreston Reeves LLP Canterbury Date(1: 24 May 2024 Page 8 inu￿sig￿a￿rQ Trallsaciion Rgf FZLKIY2N£WJT24 May2024 1924.37 BSTiufc +11 D Iro p 1(V28 Headway Kent IA company limited by guarantee) Statèmènt of financial activitiès lineorporating Ineomè and •X￿ndItur0 a¢¢ountl For thè ygar gndèd 31 Dècèmbèr 2023 R¥strl¢tsd Unr•$trl¢t funds funds 2023 2023 Total funds 2023 Total funds 2022 Note In¢om• from: Donations and legacies Charitable activities Other trading activities Inveslmenls 37,460 320 13.290 205,638 2,082 206 50.750 205,958 2,082 206 131,321 249,927 380 1,046 Total Incom• 37.780 221.216 258,996 382,674 Exp*ndltur• on: Raising funds Charitable activities 25,920 312,960 25,920 363,416 5.339 419.102 50.456 Total expend6ture 50.456 338,880 389,336 424,441 Nèt èxptsndlturt ￿10T• not galnslllossèsl on Invtstmtnts Net gainslllossosl on investmenls 112.6761 {117,664) 2,271 1130,3401 2,271 141.7671 18.1021 Net gxpondSture Transfers between funds 112,6761 (5.8431 {115,393) 1128,0691 149,8691 19 Nèt mov•mènt In fund$ 18.5191 {109,550} 1128,0691 149,8691 Reconclllatlon ol lund#'. Totsl funds brought forwar Net movement in funds 18.519 118.5191 233,424 {109,550) 251,943 1128,0691 301,812 149,8691 Total fund8 carrlod forward 123,874 123,874 251.943 The Statement of financial actiwties indudes all gains and losses recognised in the year. The notes on pages 11 10 26 fom part of these finanual statements. Page 9 inu￿sig￿a￿rQ Trallsaciion Rgf FZLKIY2N£WJT24 May2024 1924.37 BSTiufc +11 D Iro p 11128 Headway Kent IA company limited by guarantee) Règlstèrèd nuM￿r.. 04479455 Balanc• shaet As at 31 December 2023 2023 2022 Fixed assets Tangibla assèts Investments 15 16 4,164 93,498 38,321 91,158 97,662 129,479 Current assets Debtors Cash at bank and in hand 17 16,254 30,185 29,782 132,618 46,439 162,400 Creditors- amounts lalling due within one year 18 {20,227) 139,9361 N•t currnnt ass•ts 26,212 122,464 Total ass8ts less ¢urr•nt IlabllltS•$ 123,874 251,943 Total n•t ass•t8 123,874 251,943 Charlty funds R8slri¢ted funds Unrestricted funds.. 19 18,519 Designated funds General funds Totsl funds 19 19 123.874 200,000 33,424 123,874 251,943 The Charitable Company wa$ Qntitl￿ to ¢xempts'on from audit und¢r $￿tion 477 of th¢ Companies Act 2006. The members have not required the company to obtain an audii for ihe year in question in accordance wth section 476 of Companies Act 2006. Thg Trustees ackn0￿&dge Ihgir rgsponsibilities for complyng with the requirem8nts of tho Act with respect to accounting records and preparation of financial statements. The financial statements have been prepared in accordance with the prowsions applicable to entities subject to the small companies regime. Thè financial statem8ntS W8re approved and authoris8d for issu8 by the Tmst88s and sign8d on thèir bahalf by.. Carolln• Fllnt Director (Trusteel Date.. 24 May 2024 The notes on pages 11 10 26 form part of these financial statements. Page 10 inu￿sig￿a￿rQ Trallsaciion Rgf FZLKIY2N£WJT24 May2024 1924.37 BSTiufc +11 D Iro p 12128 Headway Kent IA company limited by guarantee) Notès to thè financial statèmènts For thè year 8ndèd 31 Dècèmbèr 2023 General infomiation He8dway Kent is a Gharitable company limited by guaranlee incorporated in England and Wales. The addrèss of thè registèrèd office is Hèadway Kent, Unit 3 Ground Floor, Ashford, Kent, TN24 8DH. Details of the principal activilies are included in the Trustees. report. A¢¢ountlng poll¢i*$ 2.1 8asis of preparation of financial ststements The financial st81ements have b&en prep8od in 8¢cordanc8 wth the Charities SORP IFRS 102I- Accounting and Reporting by Charibes.. Slatement of Recommended Practice applicable lo Charities preparing their accounts in a¢wrdan¢e with the Financial Reporting Standard applicable in the UK and Republic of Ireland IFRS 1021 (effective 1 January 20191, ihe Financial RepDrting Standard applicable in the UK and Republic of Ireland {FRS 1021 and Ihe Companies Act 2006. Headway Kent meets the definition of 8 public btrnefil entity untler FRS 102. Assets and li8bililies are initially recognised al historic81 cost or Iransactson value unl8ss o¢herwis8 s¢8led in the relevant accounting policy. The financial statements are presented in pound Sterling and rourKl8d lo the n8arest pound. 2.2 Golng ¢on¢•m The Trustees have ConS￿ere￿ the charitable companys cuffent level of reserves and consider that the charity has sufficienl fvnds to enable il to continue in operats'on for the fores88able future. 2.3 Inc¢me All income is recognised once the Charilable company has enliuemenl lo the income, il is prob8blg that th8 income will b8 r8ceiv8d and the amount ol incom8 ra￿1Vabl@ can b8 m8asur8d reliably. The following specrfic policAes are adopted and applied to particular caiegories of income.. Client fees are accounted lor on a receivable basis cal(￿lated on days attended al a ￿levant cenlre. Voluntary incom8 by way of grants donations is included in the statem8nt ol financial activrties when receivable. Where income is received in advance of enlitlement of re￿IPt, its recognition is deferred and included in crediiors as deferred income. Where entsllement occurs before income is received. the income is accrued. In￿me from charitsble tratling is accounted for when eamed. 2.4 Expendlture All expenditure is accounted for on an accruals basis and indudes VAT where applicable. Where such costs relate lo more than one functional Cost category kney have been split on an estimate of time spent. Resour￿$ expende(l are shown as '. Chariiable expendilure comprises those cosls incurred by the charity in the delivery of its activities and services for beneficiaries. It includes both those costs that can be allocated directly lo such activities and those ¢>)sts of an indirect nature necessary to SUPPOrt them. including governance costs loosts assoGiated with meeb.ng the consb"ttrtional and ststutory requirements of the ¢harity and includes the Indepensal ol fixed assets 212,073 151,925 15821 363.998 15821 420,102 11,0001 212,073 151,343 363.416 419,102 Total 2022 279,660 139.442 419,102 Page 15 inu￿sig￿a￿rQ Trallsaciion Rgf FZLKIY2N£WJT24 May2024 1924.37 BSTiufc +11 D Iro p 17128 Headway Kent IA company limited by guarantee) Notès to thè financial statèmènts For thè year 8ndèd 31 Dècèmbèr 2023 10. Analysis of direct costs R¢strlet•d Unrèstrletèd funds funds 2023 2023 Total funds 2023 Total funds 2022 Wages and salaries Contract staff Activities and functions Minibus expenses Rent and setvice charges Rates and utilities 25,207 89.538 1.733 1.484 114,745 1,733 1.514 171,455 1,343 1,482 70 68,979 6,240 6.573 11.0001 24,518 30 7,280 45.672 6.908 5.047 52.952 6.908 5.278 Travel and expens6s Profil on disposal of Minibus Depreciation on Leasehold improvements 231 28.943 28,943 32,748 179.325 212,073 279.660 Total 2022 34,836 244.824 279,660 A number of similar costs have been amalgamated in relation lo Ihe prior ye8r comparatives, with the total diréct costs r8mainir¥J unchang8d. Page 16 inu￿sig￿a￿rQ Trallsaciion Rgf FZLKIY2N£WJT24 May2024 1924.37 BSTiufc +11 D Iro p 1P#8 Headway Kent IA company limited by guarantee) Notès to thè financial statèmènts For thè year 8ndèd 31 Dècèmbèr 2023 11. Analysis of support costs R¢strlet•d Unrèstrletèd funds funds 2023 2023 Total funds 2023 Total funds 2022 Wages and salaries Staff training and recruthent Insurance Printing, postage and stadonery Advertising, marketing and awareness IT. software and subscription costs Logal and profession81 fees Repairs and equipment maintenance Health and salety Telephone Cleaning Bad debts Bank charges General and miscellaneous expenses Depreclalion Independ8nt examinabon fo0 Travel and expenses Administration costs Consulting and suwrvision costs Hall and venue hire Profil on disw)sal of fixed assets 4,156 3.735 780 402 3,496 3.150 77.490 504 81,646 4,239 1.984 1.768 4.191 10.611 2.092 3,711 88,137 1,090 2.051 1.187 1,838 6.667 9.658 15.291 893 2.592 176 69 881 414 6,733 1,752 1.204 1.366 695 7.461 2.092 3.711 1.543 2.467 365 582 3.049 365 366 936 5.012 2,020 2.050 367 24.080 487 15821 386 938 5.012 2,020 2.108 367 25,430 1,350 1582) 17,709 133.634 151,343 139,429 Total 2022 9,340 130,102 139,442 A nurnber of similar costs have been amalgamated in relation lo ihe prior year comparatives, with the lolal support costs remaining urthanged. Costs in Telab'on lo govemance are now shown within support cost5. 12. Ind8P8ndent examlnerfs remun8ratlon The independent exarninerfs remuneration amounts to an independent examiner fee of £1,500 (2022 - £1,752), 8nd a¢¢ountsn¢y services of £45012022- £1201. Page 17 inu￿sig￿a￿rQ Trallsaciion Rgf FZLKIY2N£WJT24 May2024 1924.37 BSTiufc +11 D Iro p 1W28 Headway Kent IA company limited by guarantee) Notès to thè financial statèmènts For thè year 8ndèd 31 Dècèmbèr 2023 13. Staff costs 2023 2022 Wages and salaries Soci81 security Costs Contribution to defined contribution pension schemes Redundancy 206,930 10.296 5.171 692 232,317 12.413 4,708 10,154 223,089 259,592 Redundancy payments in the year amounted to £69212022- £10,514). The average numb8r ol persons employed by the Charitable company during the year was as follows.. 2023 2022 Employe8s 13 No 8mployea r8c8iv8d remuneration amounting to more than £80,OOJ in eithèr yaar. The lolal employee beneflts Ilncluding employers nalional insurance) of the key managernenl personnel of the Charitsble company were £106,101 12022 - £82,645). 14. Trust•e8' rornuneratSon and expfrng During the year, no Trustees received any ￿muneration or other benefits12022- £NILI. During th9 ygar gndgd 31 Dgcembfjr 2023. no Trustoe oxp8n$o$ havg baan incurrgd12022 . £NILI. Page 18 inu￿sig￿a￿rQ Trallsaciion Rgf FZLKIY2N£WJT24 May2024 1924.37 BSTiufc +11 D Iro p 2W28 Headway Kent IA company limited by guarantee) Notès to thè financial statèmènts For thè year 8ndèd 31 Dècèmbèr 2023 15. Tangible fixed assets Long-t•mi leasehold property Computèrs & office equipment Total Cost or valuatlon Al 1 January 2023 Additions Disposals 80,176 23,461 360 11,9951 103,637 360 182,1711 180,1761 At 31 December 2023 21,826 21,826 Depreclatlon Al 1 January 2023 Charge for the year On disposals 51,233 28,943 180,1761 14,083 5,012 11,4331 65,316 33,955 181,6091 Al 31 Dgcgmber 2023 17,662 17,662 Not book valug Al 31 Decembèr 2023 4,164 4,164 Al 31 December 2022 28.944 9.377 38.321 16. Flxed asset Investments Investment funds Deposlt accounts Total Cost or valuatlon Al 1 January 2023 Additions RevalLJations 63,409 27,749 69 91,158 69 2,271 2,271 At 31 December 2023 65.680 27.818 93,498 Net book value At 31 Dgcgmber 2023 65,680 27,818 93,498 At 31 December 2022 63,409 27,749 91,158 Page 19 inu￿sig￿a￿rQ Trallsaciion Rgf FZLKIY2N£WJT24 May2024 1924.37 BSTiufc +11 D Iro p 21128 Headway Kent IA company limited by guarantee) Notès to thè financial statèmènts For thè year 8ndèd 31 Dècèmbèr 2023 16. Fixed asset investments {continuedl Investment funds rel818 lo invested in Cofun¢Js Limited in a multi asset fund. Deposit accounis relate to amounts invested hekl in bank deposit accounts which require notice to be given before the fvnds can be accessed. 17. Debtors 2023 2022 Due wlthln on¢ year Trad8 d8btors Other debtors 14.908 22,474 2.172 5.136 Prepayments and ac¢ru8d income 1,346 16,254 29,782 18. Crodltors., Amounts falllng due wtthln on¢ year 2023 2022 Trade creditors Other taxation and social security Other creditors Accruals and deferred income 10,662 13,903 3,441 2,182 20,410 970 8.595 20,227 39,936 2023 2022 Deferred income al l January 2023 Resour¢e$ deferred during the year Amounts r8lèas8d from previous pari￿ls 18.730 5,735 118,7301 18,241 18,730 118,2411 5,735 18,730 Page 20 inu￿sig￿a￿rQ Trallsaciion Rgf FZLKIY2N£WJT24 May2024 1924.37 BSTiufc +11 D Iro p 22128 Headway Kent IA company limited by guarantee) Notès to thè financial statèmènts For thè year 8ndèd 31 Dècèmbèr 2023 19. Statement of funds ststement of funds - current year Balancè at 31 Gainsl December (Losses) 2023 Balance at 1 January 2023 Transfers Inlout Income Expendlture Unrestrlcted funds De$lgnated furtds Contingency fund 200,000 176,1261 123,874 General funds Ggneral funtjs 33.424 221,216 {338,880} 81,969 2.271 Total Unre8trlct•d funds 233,424 221,216 (338,880) 5,843 2.271 123,874 Restrlctod funds Link worker CRM 13.169 5,350 37,780 {45.106} {5,350} 15,8431 18,519 37,780 {50.456) 15,8431 Total of fund8 251.943 258.996 (389.336) 2.271 123,874 Page 21 inu￿sig￿a￿rQ Trallsaciion Rgf FZLKIY2N£WJT24 May2024 1924.37 BSTiufc +11 D Iro p 2W28 Headway Kent IA company limited by guarantee) Notès to thè financial statèmènts For thè year 8ndèd 31 Dècèmbèr 2023 19. Statement of funds Icontinuedl Contingency fvnd We aim to hold in our contin9ency reserve an amounl to that of three to six months running costs. The directors may change this policy depending UFN)n the needs of ihe charity. During the year, an amount of £76,126 was transferred to general funds to cover the nJnning costs of the charity. Llnk worker The Reaching Communities funding from the national Lottery has allowed us ¢0 Èmploy a member ol staff lor 3 years to assist people with acquired brain injuries who wish lo seek altemative support other than the traditional Oay Centre that we have previously offered. As acquired brain injuries are so varied this role idents'fies person centred aims and ambitions of people who may wish support seeking volunteering, training or employment opw)rtunities. support accessing community events and support lo find the b851 local service for finanual and housing issues. The role Iwks lo reduce social isolation and loneliness and provide that essential link between a person and iheir social and e¢¢y)omic needs. The Iransler lo general funds of £5,843 represents the agreed contribulion to the charitys overheads. CRM Funding received in 2021 from the Fidelity Fund via Kent Community Foundation lor 8 CRM. A CRM 15 8 Customer Relationship Management datsbase S￿leM. The OLM Eclipse CRM system has been developed by Headway Oxfordshire and il's ¢tJrrently in use by Headway Oxlordshire and Essex so we aro aware that this system works and it makes sense to us8 a syEtem ihat already has a track r8cord within the Headway ne￿)rk. The s￿leM is bespoke to the unique way Headway works wth individual clients following ABI'S. The system allows for individuals Care Plan's (created by Social Services) and the Wellbeing Outcome Star18 swi81 ouliy)me measurement tool that we ulilise with individu8151 lo track the individuals recovery ioumey. The syslem measures at*ievemenls and goals in a person cenlred way and allows lor the creation of bespoke plans in a community setting, within counselling and within our Community Hubs. Thè data can then ba us8d to assist di8nts with a visual representation of thair journey as well as crealing credible evidence to pursue lurlher funding. The CRM system will provide clear evidence and outcomes lo demonstrate just how important our work is to our existing funders and crucially when we apply for new (unding streams. Wheel¢h¥lrs The wheelchair fund r¢lalg$ to a donation r￿1Ved from Pfizor in a previou$ year to fund whoel¢hairs for (he charity. Folkestone property Donations reGeived in a previous year from the Freemasons and 8 client's parent towards the cosls.of fixtur8s and litt)'ngs at thg property at Folk8Stong. . Evac Chair trainlng A donation received from the Rotary Club in a previous year lowards the training costs associated with the Evac Chair. Ramsgat• Gardèn The balance of funding received in a previous year to improve the garden (hanging baskets, planters elcl and Minibus Siand al ihe Ramsgale property. Page 22 inu￿sig￿a￿rQ Trallsaciion Rgf FZLKIY2N£WJT24 May2024 1924.37 BSTiufc +11 D Iro p 24128 Headway Kent IA company limited by guarantee) Notès to thè financial statèmènts For thè year 8ndèd 31 Dècèmbèr 2023 19. Statement of funds Icontinuedl Community Link worker Duè to thè su￿sS of our Link Workar rolè, WÈ successfully applied for funding from Thè Philip and Connie Phillips Foundalion. This fundin9 would allow the addition of one day a week to our CommLJnity Link Worker role. This role is not statutory funded and is something that we always need to fund raise for. The role currently has been so successful that we had a waiting list of over 40 people. The Community Link Worker supports individua15 al any stage of their A81 and regardless of their income levels. The role is not b8sed on 8 traditional Day Centre model and instead provides 'in the home, or community person• cèntred problèm-solving support lor anyonè with an ABI regardless of thèir issues. The range of activities indudes, assisting with the KCC financial assessment, claiming benefits, Sl9n posling and advice, obtaining a disabled badge, how to read a bus timetable and catch a bus (for memory issues), how to access community and mental health support. releaming how to read so individuals can perform the most basic ol tasks such as f¢yxl shopping. and reduong 50ci81 isolation and loneline55. Some of these services do exist elsewhere. however, the￿ is no other organisation th81 has the ability lo assist people with complex ABI'S that impair speech, cause memory loss or retention. issues with anger and anxiety, a diverse range ol disabilities and indudes some individuals who cannot s￿ak or move. Photography The KCC funded Photography project aimed 81 increasing confidence wth people with acquired brain injuries and other members ol the local community lollowing Covid. The project encouraged people lo safely mix, within the Covid Safety measures, to tske photos of what covid had meant to them and their community. What now looked diff8rent and what was the new nomial. As well as this creativ& expression and confidence building il also allowed for a new skill and friendships to be acquired. The transfer to general lund5 is in respect of cameras and laptops vthich have been treated as fixed assets and are shown on the balance sheet. Page 23 inu￿sig￿a￿rQ Trallsaciion Rgf FZLKIY2N£WJT24 May2024 1924.37 BSTiufc +11 D Iro p 2V28 Headway Kent IA company limited by guarantee) Notès to thè financial statèmènts For thè year 8ndèd 31 Dècèmbèr 2023 19. Statement of funds Icontinuedl ststement of funds - prior year Balance at 31 December Balan￿ at 1 January 2022 Transfers inlout Income Expenditure 2022 Unrestrlcted funds Designated funds cOnts'ngen￿ fund 200.(JX) 200,000 General funds General funds 67,57S 335,389 1388,3671 18,827 33.424 Total Unr•stdct•d funds 267,575 335,389 1388.3671 18,827 233,424 Restrlct•d funds Wheelchairs Folkeslone property Evac Chair training Ramsgale Garden Link worker Community Link workgr Pholography CRM Digital Inclusion 12601 12,6511 18041 2,651 1,117 9,058 11.1171 36,482 125.3951 15.0001 14.8561 15,1001 13,8251 16,9761 13,169 4,897 10,450 1.982 12,0231 5,350 9,938 16,1131 34,237 47,285 144.1761 118,8271 18,519 Total of funds 301,812 382,674 1432.5431 251,943 Page 24 inu￿sig￿a￿rQ Trallsaciion Rgf FZLKIY2N£WJT24 May2024 1924.37 BSTiufc +11 D Iro p 2fO8 Headway Kent IA company limited by guarantee) Notès to thè financial statèmènts For thè year 8ndèd 31 Dècèmbèr 2023 20. Summary of funds Summary offunds - current year Balancè at 31 Gainsl December (Losses) 2023 Balance at 1 January 2023 Transfers Inlout Income Expendlture Designated funds General funds Restricted funds 200,000 33,424 18.519 176,1261 81,969 15,8431 123,874 221,216 37,780 {338,880} {$0.456} 2.271 251,943 258,996 {389,336} 2,271 123,874 Summary of funds - prlor y•ar 8818ncè al 31 D￿ember 2022 Balan￿ al 1 January 2022 Transfers inlout Income Expendilure Designated lunds General funds Rostrided funds 200,0 67,575 34.237 200.000 33,424 18.519 335,389 47,285 1388.3671 144.1761 18,827 118,8271 301,812 382,674 1432.5431 251,943 21. Analysls of net assets between lunds Analy$ls of net assets between funds- Current year Unrostrlcted funds 2023 Total funds 2023 Tangible fixed assets Fixed asset investments 4,164 93,498 46,439 120,2271 4,164 93,498 46,439 120,2271 Current a55ets Creditors due within one year Total 123,874 123,874 Page 25 inu￿sig￿a￿rQ Trallsaciion Rgf FZLKIY2N£WJT24 May2024 1924.37 BSTiufc +11 D Iro p 27128 Headway Kent IA company limited by guarantee) Notès to thè financial statèmènts For thè year 8ndèd 31 Dècèmbèr 2023 21. Analysis of net assets between funds (continued) Analysis of net assets between fund5- prior year Restricted Unrestricted funds funds 2022 2022 Total funds 2022 Tan9ibl8 fixed assets Fixed asset investments Current assets Creditors due within one year 38,321 91,158 143,881 139,9361 38,321 91,158 162.400 139.9361 18.519 Total 18.519 233,424 251,943 22. P•nslon commStm•nts The Charitsble Company operates a defined e£Jntribution pension 5¢heme. The assets of the $eh&me are held sep8r8lely from those of the group in an intyependenlly 8dminislored fund. The pension cost charge rgpres8nts conlribubons payable by the group lo Ihe lund and amounted lo £5,171 12022 £4,708). £970 12022- £2.1821 were payable to Ihe fund at the tsalar￿e sheet date 8nd are included in creditors. 23. 0￿￿tIng lèasè commltm•nts Al 31 December 2023 the charitab￿ company had commitments lo make fvture minimum lease payments under non-cancellable operats'ng lea$8s as follows.. 2023 2022 Not later than 1 year Later than 1 year and not later Ihan 5 years 68,702 37,075 105,777 The Charitable company had no ￿)MmItMents under non-cancellable operating leases at 31 December 2023 24. Rèlated party transadon$ The Charitable company has not entered into any related party transaction during the year, nor are there any oulslanding balances owng between related parties and the Charitable company at 31 December 2023. Page 26 inu￿sig￿a￿rQ Trallsaciion Rgf FZLKIY2N£WJT24 May2024 1924.37 BSTiufc +11 D Iro p 2P#8