L'ompany regyigtration number: 05328774 Lliarih. Te&yistration Mumbei". 1112256 Headstart4Babies (A ¢ompany lin]iled by gu•raniee) l.InaudT*ed Annual R¢port and Financial Statemenis. for the Year Ended I l De¢emb¢r 2024
Headstart4Babies Contents ReferenLe and Adminislrutive Detai15 Straiegil Reptsrl TwstLL'8' 3ti)4 Slatemeni of. Trustees, Re¥ponsibilities IndLp¢nd¢nt L'xaTMiI)cr's Rcport Stateineiit ot Tr inancial Aclivitie5 BdlanLe Sheet Nc)Ics ts) ilic l inancial Stat¢ments 41to 19
Headstart4Babies Reference and Admini%trativL' Details Chi¢f xeeutive oifieer Mr P Saich Trust$ Mr P Saich MYS K Saicii Mrs S F. l.811in Mrs R Mcade S¢¢relarv Mrs K 8ai¢h Principal C)ffice 54 Woodfield Ldiie L(>wer Liimbouriie (;anihT'idgeshire LB23 6DS CompqDV Regislrxtion Nuinb¢r 05318774 Charity R¢gistr*tion Nlllber 1112756 Indeptndcnt Lxaminer Weir Assoclates Ltd Al lia l,litu BLisine%s Centre Kings 14edg¢s Rthdd (.'4mhridge C134 ?HY
HeAdst2rt4Babies Strategic RL'port for the Year Ended 31 Deeember 2024 I'he tn5S'tees, who are dirLxl¥)r.4 for ilie purp(Ises of ¢DmptiM)." law. presei)t Ilieir 4tr4iLegie rep()rt r(Ir thL vL%w enLled 31 Deceinber 2024. iii compliilnce with 414Q. of tli¢ Companies Act 20LIO. Achievements And perfornignc¢ During ?0?4, NYL. L'XPLYiL'nccd a COllSlSILiii Icvel of applications for funding rom tainilics. whiLh wc werL' able ro fulfil dcspitc 0171yoiiig challLiises witl) fundraisin{. We were plLasLd to continue ti) providL 8UPPOlt to a SiLinifiuanl numbLr of fdintlie% acrL)ss the IJK, drawingi wliere nece4sary ()n tlie re'e5 biiilt up 0er prei.'iiius yeai'4. IAle ¥vere also able t(1 offer help and advi¢e lfr frainilieg, many of ivhoni underrook their own fundraising to n)eet ihe co8t of rli¢ir lielinel trcaÈnieFIL. Our rLlalionyliips i¥ ilh all IIIC LliniLs olYcrin¥ Ircatmcnl rcmain slroilg and Ilicy conlinuL tu poinl fHniiliLs iolvards us fvr adviLC and lundiiig. To ensure thtsl ive Lan hLlp as many I111t5 as POS5ible we're conimiiied to buildinL' and distributing lh¥ fur)d and 11> olTL'ring inL'Teased IcvLls uf support w17erever wc can, Thl Lhdrily is Still developing a nLh' w¢65ilc and 15 pIHnnin&T lo imprc)ve it5 social mLYlia presence I'o SilPPOTI aiyarvniqg riiisingy ¢VLn rth¢r. As ever. He rcmain deicrminLd t(> sprcad Ihc i%ord al)t>ul plabyiacephaly aiid to aSsit a5 niHny taiMilic¥ &8 P049iblc l() pr)d with helniel treutment Mpher¥ it is needed, I'lie truste¢4 liavi, a dutv to identify, aiid r¢vi¥W th¥ risks to ivliiLh thc Lliui'ily is L'xpos¢d ui)d lo ei)sur¢ appYoprial¥ coiiirol& ar¢ in placc lo providL' rLoI)ablc assiiranc¢ aJinst fraud and t.r. Tlii 4tr4l¢giL rep()ff was approved by the iru5lees of the charil), on .If. l.1[2tl- und 5igne(l 011 ils behHlf'bv: Mr l? Saich C.hiL.I' F,xeciitive Officer and Tnistee Pa£e ?
Hexdstart4BAbies Trustees, Report 'I'he Inislee&, who are dirL'Ltor& lor 11)e pury>i)%e.% ut. Lompan¥, law. prLs¥nl IhL anilL1 repori tugelh¢r wiLiI the financial stdlL'ments o th¥ cliaritabl¥ companj. for the )'kar ded 31 D¢cemb¥Y ?024. Ohje¢tive$ 9nd activilits Hcadslart4Babies is a ¢hsLritable organi8atini) whicli ainiE tn raise aw'aren¢88 of plaLiiocephal)' 2nd br&ehyceplial!. As 'ell a8 2ncr¢ft8inLi tlie profile Of boili ¢ondilions, 'C okTcr suppoIt, iidN'ice d, where reqiiired tu)d fiindq perniit: tundinby ti)H'ard8 Ireatnieiit to tamilies wliose babies are Jft"e¢i¢d. We also aiin to work w'itli NHS protessionals I educat¢ parents alioul ways in wliich plagioc¢phalk and br8¢hJcepl)aly can b¢ 411eviai¢d and 10 inti'i)duLe boih healiii M'"orkers urid IldrL'iil4 Ici thL' benlfiis (Il. helTnLI Ili¥rai)_%' loi. l)abie.5 ivith s¢ve¥e as)rynmeLry'. Our l(IllblLr-lerin obJecti-¢ i& lo persuade the NHS ts) enibraLe arid ofier frLC IrL'aLmLI)l across Ilie UK Publi¢ ljeiielil The trusl¥es Lullfirm thill thL'y havc LOITipIiL.d M'ith ilic requirLinLnls Ol'bLI]vll 4 of L17L ChaTiliL¥ Ali 201 I to have (lue regard 10 tlie public b¢nefit guidance piiblislied b), Llie Cliarity Coniniission foi. EligIld iuid Wales. ¢ru¢¢ur¢) %tsv¢rnanLt and mxiiugement .N'ut#re ofgoverning dnciime•t¢ The chariry is coi)Irolled bv its goveminE docuin¢ni, & deed of tnsr &Iid constitutes & limit conipany. litiiited b). gUiir&il¢L', ds dLfinLxJ by thL CornpdliiLi? ALI 2006. ThLi trustees hill'L a duly ro iLl¢niify and reviLw thc risks lo whiLI) d)e cl)arity' is Lxposed and to ¢nsurL appropTilItLi &r¢ in pla¥L' lo providL rL'llsvnablL assurunL'L uuainst fraud uncl LOr Financl#l initrumeni4 ObJLieliveJ" undpiilii'ie,y The 4huril) 5 d¢lFVities c.xptisc it Iv d nuinb¢r ot. hnilll¢lBI risks iiiLludin¥ ¢r¢dil risk, L'uyh Ilow risk" and liquiditv risk. The iise orrinanLilll derivalives is Euverned b> the chariiy's poliLies approved by the ol'lni%ltes, which pl.0 Edc wrillcn prinL'iplLS on ihc usu of finanLial dcrivalivL'S lu Jnana¥L Ihcse riyks. 'lThc ch4ril) do¥S noi use LILYI.lIV6 linanLial instruinents for spe¢.ulatiN'u purposes, Cash Jlow ri&k l-he cliaritv's aclivitikns exp(L4C il primuril>' lo ihc finanL'.iEJI risks ()fchanuye.% iii intere[ rule%. Iniewst bearing #et8 and liabililiGg held Jt fixed rdte t() ensure certaintv of e4L5h tlows. Page 3
Helldstart4Babie Trustees, Repnrt C."iedii riwk The charity's principal fitiancial assels are bank balances and cash, tradL dnd oihL'r rcctivablcg: and ini'eslnienls. The iliarily'% LrLdit ri%k 1% primarily attTibutahle to lis trade receivables. Tlie an)ounls presented 'in ihe balance sl)eel are iiet of iTrllowari¢¢s for doubiflll rec¢ivJbles. Ali al1vNTri¢e for iinpdirmcnl is iiiade wlier¢ there is ali ideiilified loss eiieiil ivhidi. bdscd on previnLLS experi]Ce, is eN'idence ot a reductioii in tlie recoverability ot. tl)e Casl) flows. Tlie credit risk Dn liquid lunds And d¢rivatiN'¥ fiiiiinLil in¥trLimbiily is liillilcd beLaii%L' Ihkn L(JUI)tLlPilrties are bt)iik% high crediL-ralii)gs ds&ign¢d by internati(Inal creiJit-ratiT]Li aLiencies, l-he Lharity has no signiticani ¢on¢enlriltion of ercdil risk, ii'itki Lxposuf¢ spread over l¢irqe iiwJb¢r of count¢rpariiLS und Lusluiiiers. Liquiélity r&¥ The ¢liarity ¢urn'nclv holds suifi¥ieni Lash dL'posiIs to uovcr (Trng(ITng uratIonS and lulurL dLveltspmL'nl5. 'IhLTe is nu rLqLsifLinLiil for Ihe use of. lonbi.l¢rni vr sliurt-lcmi d¢bi finance in urder 10 m8iritain liguidil), 8t pi'esei)t. Fiirtliei. dLlails rcgiardiiig liquiditv risk can be found in tIIL Stalcni¢nl ol. accoui)lin8 poli¢i¢s in tl)e fin8iicial Stilteinents. Thc InU1 rcpi)rt was approved 6. the Inislees of tl)¢ chariiy on Mi. P SJich Cl)i¢f LxeL'uLiwL orriLer dnd .1 rus'tee Page 4
Headstart4B2bies Slatement of Trustees, Re¥pon¥ihilitie% I'he Iriisiees (who dre algi? thL dirLLI(Jr& (If Trlcad%fart4Bdbieg I'<ir the puTro%es ()I' LximpdnN laMT) are rL%P(Trn%ihle t4)r prepuring thc Inislees, report and th¥ linanciul staiiinkl)Is In ac¢L)rd#n¢¢ with th¢ unli Kingdom Accoutiiing Slaftdardb- (UnitLd Kingdoni (icn¢rJll)' Ac¢¢pd A¢co)unting PraLlice) and ¢ippIic(IblL laiy lind rLgulalion4. C,onip&ny law require5 the tISteeb to prepare hnancial S1É1 InentS for eacli linancial year. lJnder Lompanv laii, the lnisie mLisI cippro¢ the fiiiai)cial statemeiits unless tliey (ire satisfied that tl)ey giN'¢ a tnie fair view ot. the sl&t£ ot attairs of the charitable company and of 115 incomlng rLsourccs and applicalion of rcyourcc5. including its ii)come and CXPLiiditure, lor that'perioil. In preparing these tinaiicial siatem¢iils, th¢ tniste¢s we required to.. s¢lcLI suitable 41¢countiii4 pDli¢i¢s wid iipplj. th¢in coiisisl¢nily? obscTh¢ ih¢ mLihods and principlcs in thc ChariliLS SORP. iiiukL.judReiiiei)Is aiid estiniates Iliat are reasoi)able and prudent. state her1}er applicable LIK ALLounling Stwid<ird4 ve bLYn f<>ll(>wcd, $ubject ID any malcridl dcpdrturLS disclosed and Lxplained in Ilie liiiancial slatemeiits. and prLpuTe IliL I'indllCl£il st'dtenieiils Ilie giling conlem babiy unless il Is inappTopriHl¢ lo presume Ilial th¥ chai-itaEile collipanv will continue. in bu&inLt45. The tr11stees are I'esponsible for keepinLY adequate &LCOUllling rcL'ord8 Ihal orL1 4111'ficient 10 9hnw cxplain tlic charitable compdlll % Ir4in.S<iclion5 and disclose witli reasonable acciii'ary at anii time the financial position of the Lliaritable ¢oi)IP41n)' ai)d eiiable theiyi to ensufL didl Ilie finaiicial &tatelnei?l CL)niplv 'll7 Ilie CITriTipanie4 ALI 2006. Tii¢y are also rcsp(Insihle tor saleguarding the assets ot tlie c,l)arilable coinpany and h¢n¢¢ lor tiik-lng reasonable stcps fnT' IFie pr¢veiilii)n and dtrleclion ot traud aF)d tyther 1c¥U7ritILs. •t Apprnl'ed bv tlie tNst¥¢'s o(thL' cliarily on .2 Ilj,.....,.. and signcd on its bclialt bj: Mr l) SdtLII Chief EX¢ItiVe oifiLer '1 rustee Page 5
He.adstart4Babies
Independent F.xaminer'.% Report ti) thL' trustee8 Headstart4BabAe.%
I report (In the acciiunts iit.the ¢harity fur the year ended 3 l DeLember 2024 whic17 art sei. (iut ¢)n page$ 7 tt) 19 .
Respeetlve respun$ibilities of truibtees llnd examiner
ThL' trLl%t¢es (i¥lio are also tl)e directors of tlie coinpans. for tlie pui'pos¢s of conipan5.' law) are w¥spon%ible for tlie
preparaiion ol- tlie
HeAdstart4Babies Statement of Financtsl Attivities t'or the l'ear Ended 11 December 2024 (Intluding Incomt, and Expenditure Account and Statement of Total Rccogniscd (yains and Losses) UntTStTi¢led funds Tot41 21124 Ntslt In¢ome and EndowmLhnt$ froni.. Donuliuns and ILgTaLies InvesimLmi inconie 79,260 484 79.260 484 "I'otdl Incoine Eipenditure on: Raising. fv1)ds C'.hdritahle actii'itieq (3.71)1)) 91,5401 (3.700) 91,540) -£95,240 11 S,496 Toial F.xpenditure -195 ?40J..... Net e¥peiiditsire Nel iiiovenieiii iii fiiii(Js 115.496) 111.491)) Ke¢Trncilintiun of fuDds I'otdl tiinds brought forward Total funds carried t'orward 13 Unr¢slrlcted nd 2023 lnr.ome Endownient5 Irom.. Dunali<)ns and legyaL'ies Inyeslmcni inLoni 211C),6)( 2(K),636 .570 Tolal IiJ¢ome 207 ?nfj F.Apendll'U oll". Raisii)q fiJnd8 ('haritabl¢ activities (.fj,754) (218 .399) (.5,7.55) 'I'otal F xpenditure 12 J, l.f4) Net eTpenditiire 116.948 NLI ni(>i'emL'nt in funds (16.948) (16.948) Rvcunciliatiom of fundb 'lotal tiinds brouLiht foiivard 77,708 77,708 I"c)tal lunils carried toThaTd 60.760 Al l of the cliarity's activitie% derive frliin continuing operution.< durinLy the abOe t,0 period%. The liinds breakdnwn fnr 2024 18 iii nfite l 3,
Head8tart4Babie (Registration numbtr: 05328774) Balance ,Sheet as at.11 Decenjher 21)24 2024 21b23 Fixed assets '[ an&yible assets Current as.$et c.ash ai bank and in hand 46.906 02.1?0 Creditors". Amounts fMIIiDg wltbin oft¢ y¢r i? (1,364) riel turr¢nt aysL'I8 4.S.261 (JO.7.5fi Nel assets 45.264 Futtds of the charity: Ilnrestrlcted iM¢om¢ thnds Unrestricted ftinds ()0.7611 I'otl funds 13 6n 7CIO F or d)e linonciul y¥ui' Lnding 31 DLCLmber 2024 the Lhui'il)J wab Lnlilled Iv ¥Acmpiion li'om Mudii und¢i' S<'¢lioii 477 of tlie Comp1]11 Ael 2006 rllating to small compaJ)i¢5. Directors, re8poI)$ibiSities: llil membLI's Iiav¥ iiol rqiiirLd th¢ charity to ubthin an audit of iits 4LLoiints' for lh¢ J'¢a)' iii qu¢%Lion in aLcui'dunL¢' w IIII SknLtiuii 476. Jnd I'he direct()rs ackn(Iwledge their responsibi lities fnr ¢nniplviii&T Nl'ith the requir¢nienL% lif the AL'I I111) rL'%pLcl to a¢counting records dnd the preparqlion Df accDunt%. Tl)e$c accounLS have be¢n prcparcd in accoTdance witli tlic provisioils applicable lfr L(Jmpanie8 suhjcct ti) thL' 8mall companies regime. ThL' Iin3fiLidl 4tatein¢nts on page& 7 tci 19 were approved hy tlie tni%tc¥s, und uuilioris¢1I for i%%LIL on . an(1 signed on thLiir b¥lthlt by: Mr P Saich Chiet F.¥ecutive C)Ifi¢er and Ttee
Hexdstart4Babies
Notes to the Finxni'ial ttem£'t5 for Ihe Year Fndcd .11 DeccrnbL'r 2024
I C'hrdrity sttus
TiiL' ch81ity 14 a uharity limited bs, quarantee and coz)s¢NuLnily does not hai'e sliare capital. Eacli of the truslLYs is
liiible lo coiilribiilL' uii uinounL nol LxLLLdingi £ I towards the ak8Lls i)I'lhL Lhdrit), in tlie ¢ent of li4uidati()n.
2 A¢countin2 polieics
SuminAry of significAnt accountiJi% poli¢ics ke) accounting estimate5
Tl)e principal a¢counting policies appl led in the preparation ot tlieqe tinanLial st1( tem¥nlA are set out bel()w. ThL.4e
poIiciL.s Iiav¢ bcLIi coiisistentlv applied to all the y¢ars preseiit¢d, unless otheN'is¢ slat¢d,
StAtement of eompli4ttee
The tinancial slalements have been prepar¢d in aLcurdanc.¢ witli ALcouniing Reporting by Cliariiias
St81enieni of RLLI)ninicnJed Practice aiiplicahle tn clwities preparing their accounts in accordance with tjie
Fin&nL'ial Reporting Siandard applicable iii the U K and Republic of IrelLmd IPRS 102) (efteelive l Jai)Llary' ?0 l S)
(C'liariiies SORP (FRS 101)). Ilie Fiiiancial Repo111& Standard applicable iii Ihe UK and Repiiblic of Ireland
(FR% 11121 and tlie C,ompanies Act 2noo.
B4$1& of pr¥p#r#tlon
Headslart411abi¢s Ihe dtyfinilii)n of & public bcncfil cnliry Linder FR% 101 Asscts and lial)ililiLS arL iniliully
recosnibed dl hisli)riLal Ll)sA i)r tranwtion value uiiless other¥S'ise sLiled in Ilie relevaiil a¢couniing pr)licy notes.
Going L'Dncern
The Irusiee8 cons'ider that Iliere are no in&¢erial uicertainties dboul the charlly's ttbilily to c.Dntinue as a going
n¢em noi. An) si¥niliLanl urLu¥ i>funL'ertainly IhuL afi¢¢l the QYing¥ valu¢ ul'ass¢ls held by th¢ chJrit)',
Exemption from prepYittg a tasb flow statement
Thu eliarily npled tD earlv ildnpt Rulletii) I i)ul)lished on 2 Febnjary 2016 and hiive therefore not incliide
HeAdstart4Babie$ Notcs lo the Financial Statements fthr thL' Yethr Ended 31 December 2024 E%penditMrt Al l LxpendifufL 1% Ttcognised once there is a legal or constructTve obligdtion to that expenditure: It is pn)bdble sciil¢in¥nl i% required and the wnount can be n)easured reliAbl>, All costs are allocated to Ilie applic&ble expellditure hd(Ag that A8gregat¢ %imilar cv.4ts to Éhiil Cdlegory. WTheTe Los15 Ciinnol bl. directl> attribui¢d 10 partiCLilar he&dingrs the! hal'e beeli allocated on A basis consisteiii the use of resoiirces. wid) cetitral statl'costg Ill()Ldled on Ihv l)asi¥ ol. Iiuie SIlL. dIi¢J d¢preLialiun L,hdr&iLS alloL'dlLd cin IhL' porliuri of IhL assL%l's Ub¥. Other siipporl LosI¥ drc allald based on Ilie spread of sthtT costs. These al'e costs inciitTed Tn ÉillraLliii&i voluiilary incoine, Ilie niaiiagyemeiit of ini'e5tmenls and those incurrtil in tradiiig activities IILit raise fund5. C'hapilable rtL'livili¢¥ CFJaril(Ible e.KpendilLire Lvmpri.%c% Ihubi iVbl4 in¢UL, by charily in Ilic dL.liNLY)' ul. ils aLtiviliv& anLI scrvi1¥s lor il% bLnLfficiaries. It iniliiJes bL)Il) custb Ilial Lan be alloLaLed dtreLily Lo SULh dLlivili¥s aiid diose (osls ol. aji indireLt Ildiure nec¢s5ai!.' lo sup¥Y)rt ihcm. Graniprovlslon.s Provisions foi. granls are n)ade w'h¢n IIIL iiilLmlii)n lo Inakc a graiil has bLcn Loinmiinicaled to thc rcLipiLni bul th¥r¢ is unuertaintv abLlUt either the liining of. the grant or the ainount ot'8rAnt pa}'able. Support eosts Supp)rl cc)sts includt ceniral fvnctions And have been o11o¢.aied to actilty ¢o#t ¢ategories oil ft bAsi.s consi$tent with the use of resoiirces, for example. alloeatinB property cosls by floor area4, 1)r per capila. statl cos18 h), tliu lime spent and ftll'ityr L'o.sts by Ili¢ir usage. Tli¢str in¢luiJe the Losts attributablc to the chariiy's i'oinplianLe with con51iliilion¢il ld slalulory reLiuircillenls, inlliiding audit. straiLgiL' lndnaiycmLl an<1 iru%tL¢s' Ineeling.% %ll)d rtyiinbiirged ¢%peiis¢s. 'l-he cliarily Is LOnSidLred lo pass the tests set out in ParF4%rapli I Schedule 6 of't]i¢ Fitiance Act 2010 aiid tlierefore il Irie¢ls Ilie deLinilioii of a L118rilable LDTnpdn}, lor I,'K LVI'pofdlioTI IAX pufpv¥L'S. tLLordirigly. thc ¢lidrilv i¥ pol¢litilI} cxciiipl fr()In tJxalioi) in respect uf lliconie or iapital gdiiis r¢Lei¥ed wiihiii Cis i¢g(pries co&er¢d by Chapter 3 Part I l of Ikle C4)rpor4lioii'l'ax A¢t ?010 or S¢Llioii 250 uL-Ih¢ l ilXOlion OL Lliar¥edble tiains ALI I Y92: to tl)¢ cxieni Ihal such inconie or bTain8 aye appliLd exLlu%ivel> l<> cliarifAhlL piirp04eg. T#iiKible lixed a¥¥et IndiTridual fixLd ak4L£4 arc iiiitially recorded at cost: less arLy subs¢qu¢nt anlated d¢pr¢¢iarion and siibsequ¢iit aLLumulaLed inipairirienl losses. DepreciAtion ond mw)r¢is¢ion tkpreeiatioh is PlL)vidL.d ()n l&nsriblL fixcd ag%L*% %() ti) write ntl-the Ll>4t or alUatI1)ll, les% dny estimared residual valuL: their cxpe¢ied u%ctul eLonomiL life &8 f(?IIow8'. Asset cla Plant & Machinery, Depreciation method and rate 2%[+, Reducing balance PRge I
Ileadstart4Babies
otes to the Financial Statemenlg for thL, &"ear F,nded.11 Dcci:mber 2024
Cash amd eash eqllivaleiits
L.'ash dl)d cJsli ¢quivlents coinlSe $17 on band É11)d call dep)8it.s, and otlier ihnrt-rcrni hlghlv liquid iiivestmenrs
tliat are readily conv¢rtibl¢ lo x known atJi(iunt of casli and subject to an in8ibvnificanl risk. of clianEe value.
"rrade eredilors
TradL Licdilors arL ubligaiions lo pa). for ¥uods or sLrviLL'S ihat hxvL bL'L'll dL'(ILiinxi in Ihk ordinaj?" LOUtsL of
busine%5 fTum siippliLY5. AcLounts pa>'able ar¥. ¢lassiliod us Lu111 liabilitie5 if Ibe Lh&rity ni)I hJvL an
unconditional riglil, dt thL Lnd ot-tlic reportinb peric)d, to deter si.Itlen)enl ot diL' cr¢ditor for at IcdSt twelvc nionilis
aftcr Ihc rprti71&y date. If thLre iq an iinLnnditiDnal riJt t(I dcfLr stttslemcnt ttsr at l¢ast hvelv¢ months artcr ilic
reporting date, tliuy arL' i)re¥cnlLd as non-cUni liabililiL.4.
'l-rade crL%dilors are r¥L()gnised initially at th¢ trS&ClI0n pri¢¢ and subsequently in¢asured al aniorti5ed Lii%l IA4iTig
the eff¥¥live iIileiYsl Ineihod.
IlorroiTringy
InlcrLSt-beariiig borroM'in&FS arL' initially r¢¢ord¢d al fair valu¢, iiel of trans¢iclion Loyts. Iiilere4t-bciiriiig
hrpl'rowings urL' 5ubsLqULnil>' LTriL.d at an71)rti%cd L()%t. witli thL, difti'rcncL bLtWL'Ln thc pri)LCLd%, ncl i)I'tr)%aLtIi)n
LllSt¥. Jnd the aTr)ount due rjn i'edemption being rOgniSed ¢11 a charbye ro the Stateiiient (>t I,"ii)ancial Activitie
over i.lie iieriod of the relevanc borrowuig,
Inlcre&l Lxp¢ns¢ is rccolIScd on tlie basis of tlje effective interest inethod )d is included iii interest puyabl¢ and
similur L.1)rge$.
ntTOM'ings ar¢ classified as ¢uri'Lnt Ilabilili¢S uiIILbb 7¢ charil}' lU- an unoonditional riRlil lo d¥l¢r setil¥i¢nt of
thkn liabtlily lor ot leayl twL.Ivc Inonihs dfter thL reporting dale.
Fund structure
Unre5ts'iLILd inc()me liJiid5 aiL' general lii?Ids Ilial, 4ire dvailable f()r use
HeAdstart4Babies Note5 t() the FinAncial Stktemenls fi)r the Year EndL'd .11 DccembL'r 2024 Recognition ttttdme(uur¢menl All financial assets and liabilities are initially inea.surLd al trans8Ctian priLC (includinbi iransaction costs}, except rvr Ihi)sL. financial assets classified &$ at fair N'alue througli profit or loss. w'hich are i'nitiallj rtieasured ai taiT value (M,l)icli 14 111)rnially Ilie transavlivwi priLe exLluding IrJ115ai'liori Losl%), unlcss Ilie alrgeineI consliiiiles a liiianLlftbY trdiisaLtion. I t'ali 3rrans¢i?i¢nt constitutes a financing trA115action, Ilie tinaiicial assel or Iinancial liabiliTh' is mc£*%ufLd ai the prcqeiit valuc L)t tl)¢ fiitiirc payments di8Uted at J mark¢t rate fit intere81 for a %in)ilar debt instrun)¢llL. Fiiiancial assets and liabiliiies dre only off4el in Liie sidlemenl of financial posilinn when: drtd oiilv wlien there eXlS15 d Ilgially enli)rLedble i'ibi)t t(> sel i>tl-the recoginised ani()unt.4 aiid Ilie charity intend8 either t() %etile un a nLI bosis, or to reali.qe the IL%sel and settle the liabilitN' .siniult&neouslTr, Financial a88et8 are derecngni4ed wheii and only wheii a) the Contractual rikhts ITh tlie e&sh flthws trnin the finan¢ial ¢ $8et expire or arc .seiilcd, h) IhL Lhdrity trnlisfers lo anc)ther pait), suh.%lantiilly 411 ot Ilie ri4ks dnd rLwards ()f ownLTship of tlie tiiianknial osset, or c.) tlie charity,. despite haviiig rerained soni¢. biit not all, $7giiifi¢ant risks End rew4]rdg of 0ershiP. li<lS transterred cniitrol ¢)filic asset to another part).. rinilliL'ial liabilitics ar¢ dcr¢cogniseil only wlien tl)e obligatioii specified iii the contract is dischargied, cancelled or oxpirL5. Pag 12
Headstart4BAbies
Not¢s to the Financial Stat¢menls for Éhe YL'ar fndL'd .31 D¢cemb¢'r 21)24
Debt iM.ItrnMertLS
tkbt iiisttwinents whicji nieet tlie tolloi4.iiig coiiditions are 8ubsequeiitl)' iYJeisLwed aL anlonised e()41 usiikg the
LtTcLlivL' iI)lerL5t ethod.
(a) 'fhe CL)ntra¢tual return to the holder is (i) a hxed amouni, {ii) a positive fId rate or a positive i'arTable rale=
or (iiil d combination i)f8 posiiii'L or & nL&tralive fixed l'ate iiiid Él P()sitiN'e variable rnle.
Ibj"Ilie contr8Ct ma!, provid¢ foi. rcpavmenls of the principRI or the return to the l)older {hut not both) to he liiiked
to d 5iiigle relevaiit Obable index ot general pllce inflation uf ihe LurrencN' in whiLh il)L dcbi in41ruiMent 18
denoniinaled, pr(Trwid¢d SLi¥h links #re noi l¢ve13&I¢d,
(c) 'I'he contract mav provide for a detenninable varialion of the reri) to the holder duriiig tlic lite of ihe
in4trum¢nl. providcd that (i) the nei¥. rat¢.sutisfics ¢ondilithn {H) and the v&ri&ti(>n is nol ¢otitingent on fiiture event8
otlier thw) (l ) a cliange of a coiitr&¢tual vari
HtAd8tart4Habies Ni>te$ tiTr thL' Financial Statements for the YL'ar FJnded 31 December 2024 Deriiyoliy¢finArtcial In.Ttruments DLrivalivL8 ar¢ initiallj I'ecouynised ai f2ir v31u¢ at tlie. dat¢ a derivative contract is entered into and art subsequei)Ily le1nLSUred Lv thLir fair k'dlue dl ¥aL,h rertilI&j dale, The r¢8ulLing gain or108s is reLogni.8ed in stdleinent ot. linaii¢ial activitie5 in)Inediately unless th¢ derivative is designated 1( nd et7eLliite as ¢1 liedging instruinc)il: in w'hich ¢v¢nl tlie tiniiiig of tJ)e reeog#itior) in slatcmcnt of finanLial activiticq depi'nd.% on thL nllttirc of tlie Iiedu)e ielaiionship. l-he ¢Irit}. do¢¥ not Iiold or is%u¢ derivalive fiiiancial int>trunients fur spetiulat7'e Purpse8. Fnir valiie mgu)'HrÉmenl TIIL I)c51 ci'idenLe of fair valuc is a quotL'd PiiLL l.or idcnlical a5ycI in an actll'L markLt. IVhLii iiuuicd PriCLS are unavailable. thu priiL of a ILcLnt IrÉin%2Llio)n for &in idenlicnl assl't provides ei.'idenc¢ of Lliif i'dlui, ab longf 1115 tlicrL' lias nut a Si&Tnific<int cl)an&i¢ in ecoiioi)ii¥ circuilisi7LL5 or M siLyi)iliLanl IdPSL ol". IiiiiL sinLL thc tr1514l(ltsn tnok plElCts. IF Ilie niarkel is iiot IiLtive dnd recent trJ115actions of art identical on their own aro n()t a gToDd L'stinialc ot tair value. thL fair valu¢ is cstimaled bv Usillb) a wuluation IccliniqLIL. 3 In¢nme Irnm attd legacies Unreslrie¢¢d fund.9 Tol#l 21124 Tolal 2023 Cieiieral Dnnalif)118 aiid lega¢ies' Donations from individuals 79.260 ?UO,636 ?06,6J6 4 In%'eitMenl Antome UM restricted fundy TotAI 2024 General 21123 Iiilcrcst Teceii'able and siniilor iiicome.. Intere%1 receivable on bank d¢p()sits 484 Pa¥yL 14
HeAdstart4Babies NotL's to the Financial stutemellts ffir Ihe Year FndLQ .31 Dccembi'r 2024 S Fypendltyre on tharit#ble aetivities UnrestrlL'ltd rlliids Total 2024 Total 2023 CTeneral N()tc rant fundinsr tst-aL'tiviti¢s AlloLated 5UPP(Jrt ¢n,sl Govemance costs 84,855 5.970 84,855 .f,970 715 209,334 8.300 704 ? l R,399 'I'ol¥l 2023 Granl fuoiling of Attivity siipptsrl ctivity 2024 Raise awarene.ss of pla8iocephaly aiid hraeh>'ceph4LIy 114,R55 ?17.695 184,855 (2023 - £209,335) of tlie abov¢ ¢xp¢iidilur¢ was 4ltributubl¢' lo unr¥stri¢l¥d fu)ds wid £Nil {202J - £Nil) lo resiriLtLd funds. Page 15
Headstart4Babies Ni)tL% ti) the Financial Statements f(Ir thL. Year F,nded 31 December 2024 .4nalysi£ Of goi'erman¢e and support CTh5ts Cliaritable 4ctivitie$ e¥penditur¢ Unre4tricted funds Totjl 2U24 Tntal 2023 BAsis of all¢)eatinn G¢ner41 Raise awareiies5 of i)lllgiocephal)' 8iid brach)'cephalv 6,685 6.685 9,064 Support ctists alluLated to Lharilahle 4r¢ivities Governancc. Administratio Other suprI costs ¢os¢s 'I'otal 2Q24 Tolal 2023 Basis allo¢atlon Raise awar¢noys' ol, plu¥ioccphdlJ anLI briiihy¢£plialy 715 114sis of #lloc'mliort Reference Cjovcrnance Cn$l Method nf AlloLatinn iaver17an¢e AdTninistri*lioii C(IFits Titiie Spent Other Support Losls Timc 8p¢nl GovermanLe cusl Unrg5tricted fund5 I'o¢AI 21123 (Jeneral 2024 Allucated 5UPPOrt co4t8 715 704 Page 16
Ileadstart4Babies Note$ to the Fin¢1#1 Statements for thL' Year Fdnded.11 Deci'mbcr 2024 7 (Jrané-making Aiialvsis %r4nts lirant8 In inilii'idu#ls 2024 2023 Allalvsis Suppori ¥iven lo Faniilies •(Jl). J J5 Assi&lancL gTiveTI to fainilies on luw incomes to i)roceed willi Irealmeiil flir Lhildrcn wtlh plagiocepltslv or bra¥l)y¢ephalw. 8 N¢t ineomittgloutgolng resourees N¥1 (outgoin&yS'incoininby r¢5011fL'¢S for Il)e yeur include., 2024 2(b23 C)ther iii>ii-aiidit %ervic¢8 D¢pre¢iution ol. tixcd dss<Its 648 648 9 Trusteeq remunerotion aiid expeiiseg r)uring the year the charity made the to110,ins transactions witli Eivsle¢s', Mry K Saich Mrs K Saich rect,ived r¥muii¢ralion ot L4:80012023,. £4:80O) during the yo.ar. At the balancc sheet dutc thc ainoiint duc tl) Mrs K Saich £Nil (21121,. £Nil). 10 TA%atlfjD The charit), 1% a regi8t*red cliarifv and is d)erefoJ'e exenipf troin t&x3tion. I l T4ngibl¢ fiJ¢d hss¢I$ Furnilure and equipment Total Ci)yt At l Janiidry 2023 4()5 465 131 De¢eiiiiKr 2023 465 465 Page 17
Headsart4Babies Ni)te% ti) the Financial Statements for the YL'ar Fnded .11 De¢Lrnber 2024 Fllrniture equipmellt Totthl l)eprteiatinn Ai l JdTlUdTr" ryO?4 C;harLye for ihe vtar 461 460 Al 31 r)eceiiiber 2024 462 461 N¢1 I0k v4lu¢ At.I l December 0?4 At i l DeL¢nib¢r 2023 12 CreditDr5: arnount5 fallin% due '1th one !'¢4r 2024 2023 I rade Lrcdiiors Ac'LTuals 1,()45 1.64.$ 1.364 A3 Fuhd¥ In¢ominR r¥sTrur¢e8 Resiiurees expended Bh14n¢e 8t 31 Dei'emher 2U24 Jxnu4ry 2024 Unreslri¢l¢d funds General 60.76Q 79.744 95,240 Balance At I January ZO23 R¢50ur¢es ¢xpeNd¢d Blance at 31 Dt¢emb¢r 2023 r¢sour¢o$ UnreslYlel¥d funds Lteiigral ?07.206 224,154 Paec 18
Headstart4Babies NotL% to thL' Financial StatL'mL'nt% for the Year FJndL'd.11 December 2024 14 Anl)'$is of net asscls between funds Unrostritted funds General Total fuilds T'aii¥iblL. fixLd dS'¥¢I. Currciit assets C.urreiit liabilities 4(1,()06 -.L1.645)... 46,9f16 Tolal ncl asycls 15 An4lvsls of net funds Al l .lnugr)' 2024 Al 311)f¢¢mber 2V24 C'#sli flow C,a8h al hniik aiid iii haiid (15.214) 4fi.906 Nit d¥bi 62.120 (15.214) 4fj.906 Pagve 19