HEADWAY DERBY COMPANY LIMITED BY GUARANTEE FINANCIAL STATEMENTS FOR 31 MARCH 2024 Company Regi8tration Number 04658919 Charity Number 1107803 HEADWAY DERBY COMPAIYY LIMrrED BY GUARANTEE FINANCIAL STATEMENTS YEAR ENDED 31 K4RCH 2024 Contents Page M¢mbers of the board and professional advi8¢r8 Independent EXamI￿r,8 report Ststement of fmancial activities Balancc sheet Not¢s to the financial statements 10-18 HEADWAY DERBY COMPANY LIMITED BY GUARANTEE MEMBERS OF TKE BOARD AND PROFESSIONAL ADVISERS The board of trustees D¢bra Morris Christine Collins Cl)arlotte Whiffen Marcela Flo￿5 Newburn Andftw Tonks Allan McKie Daniel Shaw GlaiTA Shaw Gregory Gillespi¢ Lindsay Shuttleworth Treasurer Resi￿ed 9th A￿1] 2024 Appointed 6th Decwnber 2023 Appointed Q DKernbcr 2023 Appointed 5th November 2024 Appointed 5th November 2024 Charlty Manager Emma Morris Compally Seeretary Ikbra Morri8 Registered offiee Brain Injwy Hub Suite C Bateman Court Bateman St Derby DE23 8JQ Independent Examiner Mark Newey ACMA Derby Community Accountancy Service Babin8ton Lodge 128 Grecn Lan¢ Derby DBI IRY Company's banker Barclays pl¢ St James's Street Derfoy DEI IQU HEADWAY DERBY TRUSTEES, ANNUAL REPORT YEAR EKDED 31 MARCH 2024 The tsust¢es, some of whom arn also Directors for th¢ purposes of the Compani¢8 ACL have pleasure in presenting their report and the unaudited financial ststernents of the charity for the year 31 March 2024. VITIES l. Tr provi8ion of rehabilitstion s¢rvic cognition, and impulse control. sin￿ receiving various ty￿8 of SUp￿t from Headway Dety, JL'S Social worker and nursing home staff have reprted a significant irnpmvement in his bchaviour. ntio Advocacy at appoinlments and meetin8S• including Adult Social Care. th hospital, and the nursing home Assistance in finding 8Uitable accommi)dation for JL post discharg¢ Support around benefit application8 and financial contributions forn Relevant advice and trainins to nursin8 home staff around carin8 for someone with a brain injury Liaising with 80cial workers l-l oUtr￿h weekly Family support bl Without the support of Hcadway Derby, it is like that JL'S daughtsr would have bccome so overwhelmed wlth Managi￿ her father's situation that she may w¢ll have ended up in crisi8 herself. She has explained that this has happened pttviousty. and that Headway D¢ty's intsrventions and support aided to remain more stable and avoid becoming unwell. HEADWAY DERBY COMPANY LlllllTED BY GUARANTEE TRUSTEES9 ANNUAL REPORT YEAR ENDED 31 MARCH 2024 Supporting the daugbter and adult social care in findin8 appropriate housing for JL meant that he has been able to awess the most suitsble carc for his needs. As JL'8 brain injury 18 very cornple4 it was imixrative that the right type of housing was found in order to aid his recovery and rehabilitstion. As the nursing hom¢ staff had little exFrrience of caring for someone with a Severe brain injury. Headway Derby 8UPPOrted them to understand how it can aff behaviour, and as Such. allowed them to deliver the highest level of care to JL. Liaising with Adult Social Care to reinstat¢ JL'S l-l in the nursing homc meant that JL'S ri8k8 of falls. injuries, and absconding was significantly (kcreased. Sup￿tin8 With benefits applications and financial contributions forms took a lot of pressurc off JL'8 dau8htsr, as well as ensurin8 that JL r¢ceived all benefits and support that h¢ was entitled to, and reducing the risk of inwrrect ]nforn￿tiOn b¢in8 relayed by JL him%lf, leading to difficulties with th¢ benefits service. When JL was fArst discharged, he was not ready or stable enough to a¢¢ess peer support groups with Headway Derby. How¢ver. with the ongoing support of Headway Derby JL has now been consistently accessing one of the ￿eT support groups for some time. Supporting him to acce&8 and participate in this 8roup was a rnassiv achievemenL and something that thought would not be possible. Headway Derby's services now run five days a weeK offering a tailored package of support to everyone who ne￿8 IL At the start of this financial year Headway De￿ was supporting 23 service user8 in d&y centre activities. but by Ma￿h 2024 Headway Dethy was supporting 58 Servi￿ users as well a8 1 I families in various different activities and groups. Over the 2023-2024 y¢ar we have also held several fundraising ¢vents to ensure sustaithility of the charity's incorn¢. SO￿ of these events have cot￿lsted of - The London Marathon 2023 Headway Derby's 30th Annivetsary Black Tie Ball Hwlway Ikrby's Mince Pi¢ Morning This income allows Headway Derby to cover core costs. that are becoming extrcmcly difficuft to fund. Thc Headway Derby stsff tsam and volwrt¢er8 have worked extremely hard over this 12 month Perio￿ and the charity is in a much more stable and forward thinkn8 P081tion wbich 18 8ti11 continuing. HEADWAY DERBY coTrtPANY LI￿ItTED BY GUARAThE TRUSTEES, ANNUAL REPORT YEAR ENDED 31 MARCH 2024 STR GoverniDg document Headway Derby Group is based at Suits A Bateman CourL Bateman Stree( Derby, DE23 8JQ, wbich is the company'8 registered offi¢e and the principal addr¢&8 of th¢ charity. Headway Derby Group 18 a company limitsd by guarantee and not having a share capitsl (Gompany registration no. 04658919) and R¢gistr￿d Charity (No. 1107803). This 18 in accordance with th¢ charity's governing documenL the Memorandum and Articles of Associatio￿ incorporated on 6 February 2003 as amended by special resolution datsd 16 Au8USt 2007. Trustse selecdoll m¢thodJ An assessrnwrt has been made to disGovcr those skills wuired by the trusts body. Efforts are made to recruit trustee who meet the skill requirement from the population rnsident in the D¢rby. Rljk DwIRgement polky Tr TTU3tees examine the major rlsks that the charity face8 each financial year wh¢n pr¢parmg and updating th¢ strategic pl￿. Th¢ tharity ha3 d¢v¢10p￿ syst¢m5 to monitor and control these risks to mitigate any irnpact that they may have on the charity in the fvture. It has been the Th￿te¢S aim to maintsin suffici¢nt unrestrictcd rescrves to cover 3 month8 operating costs. Independent examlner Mark N¢wey of Derby Community Accountancy Service will continue in office as ind4xndent exatniner for the en8uin8 year. Small Company provlilons This report has been prepared in accordance with the speclal provisions for small companies undcr part 15 of the Cornpanies Act 2006. Re￿tered offi￿. Brain InJ￿Y Hub Suite C Bateman Court Bateman St Derby DE23 8JQ Signcd on Ixhalf of the trnthes Debra Morrli Chair of Tntss Approved by the trustees on 10th December 2024 HEADWAY DERBY INDEPENDENT EXAMINERIS REPORT TO THE TRUSTEES YEAR ENDED 31 MARCH2024 Independent Examinerls Report to the TruteeB of Hthy Derby I report on the accoll￿ of the ￿rnpanY for the year ¢nded 31 March 2024 which are Set out on pages 8tol8. ReApeedve reBponJlbllltle4 of trustees And exAmlner The trustses (who are al80 th¢ directors of tbe company for th¢ pwp08e8 of company law) are Te8pon8ible for the pryarati￿ of the accounts. The trustees consider that Hn audit is not required for thi8 year under section 144 of the Charities Act 2011 (the 2011 Act) aDd that an independent Having 8ati8fied myself that the charity is not subjcct to an audit under compfiny jaw and is eli817)le for indepndcnt ffAaminatio￿ It 18 my re8ponsibilty to: examtne the acLY)unts under 8e¢tion 145 of the Charitie8 Ac¢ follow the Procedu￿ laid dowo in th¢ general Directions given by the Charity Commission (undw section 145(5)(b) of the Charities Act). and stats whether partioular matters have com¢ to my attention. Bajlo of Independ¢nt examlner'8 8tat¢ment My exatninat1(￿ wa8 carried out ia accorthe with general Directions 8iven by the Charity Commi8sioL An exaruination includes a review of the accountin8 records kept by th¢ charity and a comparison of the ￿CoUnts wesented with those records. It also includes consideration of any unusual items or disclosures in the awunts, and secking cxplanations from you as1rnstees concerning any such matters. Th¢ woc¢dure8 undertaken do not provide all the evidence that would be Tequired in an audit, and Con￿quentIY no opinion is given as to wI￿ther the a￿o￿nts present a '*r￿ and fair vi￿. and the Tel￿ is limited to those matters s& out in the statern￿t bdow. Independent exAmlnerf# thtement In connection with my examinatio4 no mattw come to my attention: Which giv¢8 me reasonable Cause to believe that, in any matsrial resprt the requirements to ke¢p accounting records in accordance with section 386 of the Comwies Act 2006; and to prepare acwunts which accord with the accounting record8, comply with the accounting requirements of section 396 of the Companie5 Act 2006 and with the methods and principles of the Statsment of Re¢0￿cnded Practirx: AcLxiuntin8 and Re￿ting by Chariti¢s have not been m¢L' or to Whic￿ in my opinion, attention should be drawn in order to ¢nabk a proper Under￿ of the aCCo￿ts to bo reached. Mark Newey ACMA Derby Community Accountancy Service Babington Lodg¢ 128 Green Lane Derby DEI IRY HEADWAY DERBY COMPANY LIMITED BY GUARANTEE STATEMENT OF FINANCIAL ACTivifiES YEAR ENDED 31 MARCH 2024 Totsl Funds Unrnjtricted Re8tricted Year to 31 Fund8 FundJ Mar 2024 Total Funds Y¢arto 31 Mar 2023 Note IDeome from: Donations Grants receivable Other income Investment income 74060 23,794 23,056 457 74 91,791 23.056 457 19,480 42318 22,148 140 67,997 Total incomiD8 re8ourcei 122,167 67,997 190.164 84.086 Ex Dditure on: Raising fiu 11,791 11,791 7,883 Clwltabla objects 98A34 74,372 172906 136.831 Total reJource8 e￿elld¢d IIOJ25 74,372 184,697 144,714 Net Incom1n￿(o￿t8oID￿) re8oureEq before trAnJferJ 11042 (6J75) 5A67 (60,628) Net movement Ill funds 11•2 {6a75) 5,467 (60.628) Funds brought forward 90,084 6075 96859 157,087 Fllndj ￿rrIed forward 101926 101,926 96.459 Th¢ charity Iw reco￿l8¢d gain5 or losses other than the results for the year as set out above. All of the activities of the charity are classed a5 continuing. The notej on pAg# 10 to 18 forni prt of theje financial 8t&tements. HEADWAY DERBY COII(PANY LIN(fTED BY GUARANTEE BALANCE SHEET 31 MARCH 2024 2024 2023 Note Current asje D¢btors Cash at bank and in hand 11 13,118 134,024 16,180 88,559 147,142 104.739 Croditor8: amounts folling due Ivithin one year 12 45216 8,280 Net current fi￿ets 101,926 96,459 Total less eurrent liabllltles 101,926 96.459 F4et a3￿ts 101,926 96,459 Funds Restricted Un￿striCted - genernl reserves 13 13 6,375 90,084 101,926 TOTAL FUNDS IOlJ26 96.459 For th¢ year end¢d 31 March 2024 the company was entitl￿ to exemption from audit under gection 477 of th¢ Companies Act 2006 relatin8 to small wmpanics. Directors resp)nsibilities: (i) The members have not required thc company to obtain an audit of its KYounts for the ycar in question in accoffknce with AectAon 476: and (li) The directors acknowledge their res￿nSIbIlitieS for complying with the requirements of the Act with rcspcct to accounting records and the preparation of a￿Ounts. These fitjancial statements have been pffpared in accordance with the special provisAons for small comp8Dies under Part 15 of the Companics Act 2006. These financial statements were approved and authoris¢d for issue by the members of the committee on the ioth Deeember 2024 and are signed on their behalf by: Chair of Trustees CompanyRegistrationNumber:04658919 The notes on PAges 10 to 8 forni part of these finanelal 8tAtement HEADWAY DERBY COMPANY LINlItTED BY GUARANTEE NOTES TO THE FINANCIAL STATEMENTS YEARENDED 31 MARCH 2024 Accounting poliei The principal accounting ￿liCieS adopte(L judgements and key sources of estimation unrxrtainty in the preparalion of the f￿￿￿la] statsments are as follows: CompAny inforniadoll Headway Derby is a company limited by 8uarantee not having a share capitsl. The company's registered office is Brain Injury Hub, Suits A. Bateman Courl Batwnan Streel Derby DE23 8JQ. At the end of the year there were 7 Trustees. each of whorn. under tb¢ terrns of the Memorandum and Articles of A&80cIatio￿ had undertaken to ¢ontribute the sum not u¢¢￿Ing £1 in the ￿¢nt of a winding up of the company. 1.1 Aeeountlng eoDventioD These accounts have been prepared in ￿￿rdance with FRS 102. "The Financial Reportin8 Standard applicable in the UK and Republic of Irelana" fFRS 102.), "Accounting and Reporting by Charitics" the Ststement of Recommended Practice for charities applying FRS 102, th¢ Companies Act 2006 and UK (knerally Accepted Accountin8 Practice as it apple8 from l January 2015. Th¢ Charity is a Public B￿efIt Entity as defined by FRS IO2. The accounts are prepared in Sterling whith is th¢ functional currcncy of the compny Monetary amounts in these financial statement8 to the nearest £. The accounts have been wepaTcd on historical cost convention apart from freehold prop¢rty that 18 carried at rnark¢t value. The ￿AnCipAl accountin8 policles adopted are sot out klow. Theye are accounts for the year ¢nded 31 March 2024 prepared in accordanc* with FRS 102, The Financial Repottng Standard applicabl¢ in the UK and R¢public of Ireland. The date of transition to FRS 102 was l AwAI 2015. 12 Going concern At the time of approving the accounts, the Directors have a reasonable expectation that the harity has adequate resou￿¢3 to continue in operational existence for the foreseeable future. Thus the TnLqtses continue to adopt the going concern basis of accountin8 in preparin8 the 1.3 Chydritable Fundi Unrestrict¢d funds are available for use at the discretion of the Thistrcs in furtherance of the 8¢nwal objectiv¢s of the charity. Desi8nated fund3 arc unre8trictrd funds earnwked by the T￿￿te¢S for partiGular purp08CS. Restricted fund8 are subjected to restrictions on their expenditure imposed by th¢ donor or through the ternis of an appeal. 10- HEADWAY DERBY COMPANY LIMffED BY GUARANTEE NOTES TO THE FINANCIAL STATEMENTS YEARENDED 31 MARCH 2024 1.4 Ineoming resources All incoming resources are included in the SOFA when the charity is legally ¢ntided to the incorn¢ and the amount can be quantified with reasonable accurncy. Gifts in kind have b¢¢n included at mark¢t value of gifts r¢ceived and in assets acquired. No amounts arc inGluded in the financial statements for servi¢¢s donated by volunteers. IJ R¢Bource8 expended All exF¢nditur¢ 18 accounted for on an accru&ls basis and has b¢¢n Glassified under headings that aggr¢gate all cost8 r¢lating to the catsgory. Where costs cannot be dircctly attribut¢d to Particular headings they have been allocat¢d to activities on a basis consistent with u8¢ of the resources. Fund-raising costs are those incurred in sc¢king voluntary contributions and do not include the costs of di88¢minating infornlation in the support of the charitable activities. 1.6 Debtors Trade and other d¢btors are recognised at the settlernent amount due after any trade discounts offered. Pryyments valued at the amount prepaid net of any trad¢ discounts due. 1.7 Cash and eash equlvalents Cash and cash equivalents include in han￿ deposits held at call with banks. other short- terni liquid inveslments with Ori￿nal maturities of thrK months or less, and bank overdrafts. Bank overdrafts are 8hown within borrowings in current liabilities. 1.8 Credltor8 aDd provisions Creditor8 and provisions rncogn1￿d where the chartty has a present objigation re8ulting from a Ixst event that will probably r¢sult in the transf¢r of funds to a third paty and thc amount due to settle the obli8ation can be M￿Sured or estimated reliably. Creditors and provisions are nornMlly recoBnised at their settlement amount after allowin8 for any trade discounts due. 1.9 Flnanclal in8truments The charity has financial assets and financial liabilitie8 of a kind that qualify as basic financial instruments. Basic financial instruments are initially recognised at transaction value and subsequently measured at their s¢ttlement value. Derecognillon ofJ7nanelal Ilabllltle FinanGial liabilities are dereco8ni8ed when the company's contra¢tsMI obli8atsons expire or are discharged or cancelled. 1.10 Employee benefits The cost of any unus¢d holiday entitlement is r¢co8nised in the period in which th¢ employ￿,8 service8 arc received. Tcrrnination benefits are recognised inllnediately as an expense when th¢ company is demon8trably committed to terniinats the ¢mployment of an ernploy¢¢ or to provide terminatson b¢nefrts. -11- HLADWAY DERBY COhlPANY LIMITED BY GUARANTEE NOTES TO THK FINANCIAL sTATEME￿Is YEARENDKD 31 MARCH 2024 1.11 Taxation Th¢ charity is ex¢mpt from tax on income and gains falling with section 505 of the T&xes Act 1988 or KGtion 252 of the Tamtion of Cbargeable Gains Act IW2 to the extent that these are applied to its charitsble objects. 1.12 Depreciation IndAvidual fixed ass¢ts are capitslised at cost and are depreciated over their cstimat¢d useful economi¢ lives on a straight line balance basAS as follow8:. A&￿t Category EqUI￿￿ent Annual rats - S Years Straight Line Critical accountlng estlmAtes and judgement8 In the application of the charity's accounting policies, the directors are required to make judgements, estimates and assumptions about th¢ carrying amount of assets and liabilities that are not readily appar¢nt from Oth￿ Sou￿¢5. The estimatsd and associated assumptions are ba8ed on historical ex￿rience and other factors that are considered to be r¢l¢vanL Actual results may diff¢r from these estimatss. 3. Donatknii And legadej Total Fundj Year to 31 Mar 2024 Totsl Funds Yearto31 Mar 2023 Unre8trlcted Restrieted Fundj Fund8 Donatlon8 L¢gaGy Sundry Donation8 Fundraising 43048 IOJ14 20ffj98 43,848 IOJ14 20,698 2,166 7.937 9J77 74,860 74060 19.480 12- HEADWAY DERBY COMPANY LIMITED BY GUARANTEE NOTES TO THE FINANCIAL STATEMENrs YEAR EIYDED 31 MARCH 2024 4. Other income Total Funds Totsl Funds UDreitri¢tsd Ratrleted Year to 31 Yearto 31 Funds Funds Mar 2024 Mar 2023 ServirK Provision 23,056 23,056 22.148 23,056 23,056 22.148 5. Grants reeefvable TotAI Fundj Unrestricted Restrlcted Year to 31 Funds Fund8 Mar 2024 Total Funds Yearto 31 Mar 2023 Grants Southern Dthshire CCG Severn Trent Henry Smith Foundation Henry Smith Foundation (l) Awards For All Reaching Communities 15.124 8,670 15.124 8ffj70 19A75 2,583 3,101 30,065 14,998 19,57S 2,583 3,101 30,065 25,500 r'il: Sport England St James Pla South D¢rbyshir¢ (CVS) Rank Foundation (Iroundwork Miller Homes Local Giving Ten w Cent Foundation National Grid Foundation D*shire 3,139 3,139 2,500 1,500 1,118 875 500 500 941 875 500 941 I,￿0 23,794 67997 91,791 42.318 & Internt r¢c¢ivable Year to 31 Mar 2024 YcaTto3l Mar 2023 Bank interest rcceivable (unrestrictcd) 457 140 HEADWAY DERBY NOTES TO THE FINANCIAL STATEMENTS YEAR LI￿ED 31 MARCH 2024 TotAI rejourea expended on eharitable aetivitiej Staff costs Staff traAning and oth¢r staff exwises Additional slaff Self Employed Gifts Training Stsff Well Being Clinical Supervision Recruitm¢nt Travcl RenL rates. heatin89 Insur8nc¢ Insurance & Nat Assoc F¢es Cleanin8 Equipmenl repairs and rNJewals IT Equipment Post stationery and software Telephone and internet Provision of services Accreditation Subscriptions Accountancy Payroll and Pensions Services Audit Garden projert Profe&8ional fees ma￿etIng Card Machine 103,406 3204 450 955 2,773 1.050 75274 6,170 215 343 34a31 26.482 1039 1,273 1,765 2,870 2273 3J88 3067 1766 1293 2.627 l.497 561 1,194 2950 621 3,007 750 1.021 3.365 11 393 435 3,442 753 285 (475) 341 Sundry cxp¢nditure Settl¢ment Write off of old debtor8 F￿draising 9.600 180 7,883 11,791 184ffj97 144.714 Expenditure on charitable activities was £184,697 (2023.. £144,714) of whith £74,372 was restricted (2023: £20,945). 14- HEADWAY DERBY COMPANY LIMrrED BY GUARANTEE NOTES TO THE FINANCIAL STATEMENTS YEAR ENDED 31 MARCH 2024 8. Net (expudithreylneome Net (exFnditur¢Yincorn¢ for the year is stated after chargAn￿(CredIting). 2023 Independent EXami￿r,8 Fees 750 750 9. Dlreetor8 and key management per8onne] During the year Trustees did not recelve remUn￿atIOn Th¢ key management permel of the charty consist of the Tn* the Chief Exccutive Officer and other members of the senior management team. 10. Employees No employeK earned more than £60,000 w annum. No Trustses were reimbursed for cxpenditure. The average numb¢r of (FTE) 8taff employed by the charity during th¢ financial year amounted to: Year to 31 Mar 2024 Year to 31 Mar 2023 Direct Charitable Staff 15- HEADWAY DERBY COMPANY LIMtfED BY GUARAwfEE NOTES TO THE FINANCIAL STATEMENrs YEAR ENDED 31 NL4RCH 2024 The Aggregate payroll co8ts Jv¢re: Year to 31 Mar 2024 Yearto 31 Mar 2023 Wages and salarie8 Social security costs Employers Pen8i(m Contributions 99,813 1,047 2¥6 71895 406 1,973 103A06 75,274 No employee carned more than £60,000 w annum. No trustees were reimbursed for expenditure. 11. Debton 2024 2023 Trade debtors Accrued Income Prepayment Other Debtors 2208 3,891 2,121 7.059 3,082 13,118 16.180 12. CreditorA: Arnollnts falllng due wlthin one year 2023 Trade Cr¢ditors HM Revenue and Customs Pensions Control Deferred Income A¢Gn￿lS 2051 653 40,712 1,186 199 6,525 370 45316 8280 16- HEADWAY DERBY COMPANY LlllllTED BY GUARAI¥TEE NOTES TO THE FINANCIAL STATEMENTS YEAR ENDED 31 IIL4RCH 2024 13. StAtsrn¢nt of fulldj At At 31March 2024 2023 Ineomlng Outgoing Traufers General reserve 90,084 122.167 (110,325) (IIOJ25) IOlJ26 Total unrejtrlcted thnds 90,084 122,167 101926 Re8trleted Rejerve Henry Smith Foundation Henry Smith Foundation (l) Awards For All Reaching Communities Sport England St James Place South Derbyshirc (CVS) Rank Foundation (Iroundwork Miller Homes Local Givin8 Ten Per Cent Foundation National Grid 6a75 19A75 2,583 3,101 30,065 3,139 2,500 1,600 1,500 1,118 875 (25950) (2A83) (3,101) (30,065) (3.139) (2JOO) (1￿00) (1,500) (1,118) (875) (500) (500) (941) (74072) 500 941 Total rejtricted fund8 6J75 67997 Total thndg 96A59 190,164 (184697) 101,926 Henry Smith Foundation funding wa8 awarded to fimd education and development projects. Awards For All funding was to the Inspirational Women's pc¢r sUp￿rt group for 12 months. Reathing Communities fimdin8 was awarded to fund Headway Derby's community outreach service. Sp)rt England was awarded to fund the Snowdon Challenge. St Jarnes Place was awarded to fund th¢ TRIBE peer SUPFK)rt group. South Derbyshire (CVS) was awarded to fund South Ikrbyshire drop-in s¢ssions. Rank Foundation was awarded to fund updatss to our community kitchen. Groundwo￿ was awarded to fund our TRIBE pcer support group. Miller Home8 was awarded to fijnd peer support se5SiODS. LoGal Givin8 was awarded to fund our allotment 88rden. Ten Per C¢nt Foundation was awarded to fund IT wuipment. National Grid was awarded to fund physAcal activity 8¢8sion8. -17- HEADWAY DERBY COMPANY LIM￿ED BY GUARANTEE NOTES TO THE FINANCIAL STATEMENTS YEAR ENDED 31 MARCH 2024 14. Anaty8lJ of net asgets Tallglble r￿ed Aisets Other net assets Tota] Unregtricte41 funds Genernl reserve 101926 IOlJ26 Rutricted funds 101,926 101,926 15. Related party tran8acdoDs The charity had no related paty transactions that requir¢d disclosure. 18-