Treasurers Report
1 st April 2024 to 31 st March 2025
Current Position
Accounts now run 1[st] April to 31[st] March.
Balance as of 31[st] March 2025 - £75,151.21
Period in Numbers
The Balance at the start of the year was £101,846.86
Incomings for the year were £37,710 (down from £55,833 in 2023/24) Outgoings for the year were £64,406 (up from £48,667 in 2023/24) Difference was -£26,696
The main source of income comes from member fees and is supplemented by fund raising and the excellent work Kat does in obtaining grants.
Expenses remained static throughout the year and consist mainly of wages and pension for Sam and Chloe, the services Kat supplies, Tracing Steps, Vodafone and Room Hire, plus one or two ad hoc payments.
We raised less than we spent this year, which is a concern. It is my view that income need to at least match expenditure year on year for the charity to sustain itself.
Based on this year we need to raise and additional £25k to £30k per year, rather than reduce spending (and impact on the quality of service).
HMRC and Charities Commission
We are currently up to date in all areas. Everything is filed. Contact details are all correct.
Invoices
Outstanding invoices being managed by Sam, with my assistance and is ongoing. Payments are generally up to date.
Cost Increases
No charge increases for 2024/25 but prices increased from 1[st] of April 2025 for 12 months.
Summary
Costs are up this year and income down. This needs to change.
Fees from members does not cover the costs, so fundraising is very important, especially if we want to invest more in the service and continue to provide valuable services to our members.
It’s clear that the group will be more sustainable, the more paying members we have but that will not bridge the £25k to £30k shortfall we currently have.
HEADWAY SALFORD & DISTRICT LIMITED (A company limited by guarantee)
TRUSTEES REPORT AND FINANCIAL STATEMENTS
31 MARCH 2025
Company registered number:05595374
Charity registered number:1120377
ACCOUNTS & TAX ADVICE LIMITED
ACCOUNTANTS & BUSINESS CONSULTANTS
MANCHESTER
HEADWAY SALFORD & DISTRICT LIMITED
1
COMPANY INFORMATION
TRUSTEES REPORT AND FINANCIAL STATEMENTS
31 MARCH 2025
Trustees
Headway Salford - the brain injury association Board of Trustees appointed 10/10/2020
Natasha Wilde (Chair) Daniel Bamber (Treasurer) Geraint Herbert (Company secretary) Ryan Price Catherine Davies Matthew Brown
| Company number | 05595374 |
|---|---|
| Charity registration number | 1120377 |
| Registered office | Office 4 |
| Harewood House | |
| 2-6 Rochdale Road | |
| Middleton | |
| Manchester | |
| M24 6DP | |
| Bankers | Nat West |
| The Bull Ring | |
| Northwich | |
| CW9 5BN |
HEADWAY SALFORD & DISTRICT LIMITED
2
TRUSTEES REPORT AND FINANCIAL STATEMENTS
Structure governance and management of the charity.
Headway Salford & District Limited was incorporated on 18 October 2005 as a company limited by guarantee.
The charity is governed by a Memorandum and Articles which gives the trusteees the power to manage the charity. In 2004 Headway Salford applied to become an affiliated group of Headway - the brain injury association thus commiting to work within its rules of affiliation. In 2007 the charity was registered with the Charity Commission.
In May 2018 the trustees of Headway Salford & District Limited asked Headway - the brain injury association to intervene in order to protect the short and long term future of the charity. In accordance with the Headway rules of affiliation, new trustees were appointed to the board of Headway Salford & District. The trustees appointed are the board of Headway - the brain injury association who have considerable experience at running local Headway groups over many years.
Objectives
The objectives for which the company was established are:
a) The relief of people who have suffered traumatic head injury, in particular by the provision of information, counselling and support to such persons and to those who care for them; and
b) To protect and preserve the good health of people who, by reason of their relationship to a person who has suffered head injury or brain damage are experiencing stress.
3
HEADWAY SALFORD & DISTRICT LIMITED
Consolidated statement of financial activities for the year ended 31 March 2025
| 2025 | 2024 | |||||
|---|---|---|---|---|---|---|
| £ | £ | £ | £ | |||
| Incoming resources | ||||||
| Activities to further the charities objects: | ||||||
| Grants | 8,800 | 17,559 | ||||
| Local authority contracts | 14,269 | 23,346 | ||||
| Donations for training | 14,641 | 14,928 | ||||
| Total Incoming resources | 37,710 | 55,833 | ||||
| Outgoing Resources | ||||||
| Expenditure to further the charities objects: | ||||||
| Administration of the charity | 64,406 | 48,667 | ||||
| Net movement in funds | (26,696) | 7,166 | ||||
| Fund balances brought forward | 101,277 | 94,111 | ||||
| Fund balances carried forward | 74,581 | 101,277 |
All of the above amounts relate to continuing activities.
There have benn no recognised gains or losses, other than the reults for the financial year, and all profits or losses have been accounted for on an historical basis.
HEADWAY SALFORD & DISTRICT LIMITED
4
BALANCE SHEET
TRUSTEES REPORT AND FINANCIAL STATEMENTS
| Note Fixed Assets Tangible assets Current assets Debtors Cash at bank and in hand Creditors: amounts falling due within one year Net current assets Total assets less current liabilities Creditors: amounts falling due after one year Funds Total funds |
2025 £ £ - - 75,151 75,151 (570) 74,581 74,581 - 74,581 74,581 74,581 |
2025 £ £ - - 75,151 75,151 (570) 74,581 74,581 - 74,581 74,581 74,581 |
2024 £ £ - - 101,847 101,847 (570) 101,277 101,277 - 101,277 101,277 101,277 |
2024 £ £ - - 101,847 101,847 (570) 101,277 101,277 - 101,277 101,277 101,277 |
|---|---|---|---|---|
| 74,581 - |
101,277 - |
|||
| 74,581 | 101,277 | |||
| 74,581 | 101,277 | |||
| 74,581 | 101,277 |
The company is entitled to exemption from audit under Section 477 (2) of the Companies Act 2006 for the year ended 31 March 2025.
Trustees responsibilities:
The members have not required the company to obtain an audit of it's financial statements for the year in question in accordance with section 476 ; and
The trustees acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements.
These financial statements have been prepared in accordance with the special provisions applicable to companies subject to the small companies' regime and the Financial Reporting Standard for Smaller Entities (effective April 2008).
The financial statements were approved by the Board on 9 May 2025.
On behalf of the Board
Daniel Bamber Chair
HEADWAY SALFORD & DISTRICT LIMITED
5
NOTES ON FINANCIAL STATEMENTS
TRUSTEES REPORT AND FINANCIAL STATEMENTS
1 Accounting policies
1.1 Accounting convention
The financial statements have been prepared under the historical cost convention and in accordance with the Financial Reporting Standard for Smaller Entities ( effective April 2008 ), the Statement of Recommended Practice 'Accounting and Reporting by Charities', issued in March 2005 and Companies Act 2006.
1.2 Company status
The charity is a company limited by guarantee. The members of the company are the trustees named under the company information section. In the evnt of the charity being wound up, the liability in respect of the guarantee is limited to £1 per member.
1.3 Resources expended
All expenditure is accounted for on an accruals bsais and has been classified under appropriate headings that agrregate all costs related to the category. Where costs cannot be directly attributed to particular headings they have been allovcated on a basis consistent the use of the resources.
1.4 Taxation
The charity is exempt from corporation tax on its charitable activities.
HEADWAY SALFORD & DISTRICT LIMITED
Income & Expenditure Account for the year ended 31 March 2025
| Income Outgoing resources Payroll costs Rent and room hire Website costs Telephone Marketing Client activities Office costs Sundry Travel expenses Accountancy - Net movement for the year |
2025 2024 £ £ £ £ 37,710 55,833 31,192 28,571 5,474 2,300 2,863 685 153 120 9,223 8,781 13,590 6,724 684 303 192 - - 395 1,034 788 64,406 48,667 (26,696) 7,166 |
|---|---|
Independent examiner's report on the accounts
Section A Independent Examiner’s Report
Report to the trustees/ Charity Name HEADWAY SALFORD & DISTRICT LIMITED members of
On accounts for the year 31 MARCH 2025 Charity no 1120377 ended (if any)
Set out on pages 1 - 5
(remember to include the page numbers of additional sheets)
I report to the trustees on my examination of the accounts of the above charity (“the Trust”) for the year ended 31/03/2025.
- Responsibilities and As the charity trustees of the Trust, you are responsible for the preparation basis of report of the accounts in accordance with the requirements of the Charities Act 2011 (“the Act”).
I report in respect of my examination of the Trust’s accounts carried out under section 145 of the 2011 Act and in carrying out my examination, I have followed the applicable Directions given by the Charity Commission under section 145(5)(b) of the Act.
Independent I have completed my examination. I confirm that no material matters have examiner's statement come to my attention (other than that disclosed below *) in connection with the examination which gives me cause to believe that in, any material respect:
-
accounting records were not kept in accordance with section 130 of the Act or
-
the accounts do not accord with the accounting records
I have no concerns and have come across no other matters in connection with the examination to which attention should be drawn in order to enable a proper understanding of the accounts to be reached.
- Please delete the words in the brackets if they do not apply.
Signed: Andi Gilbody Date: 16/06/2025 ~~PO [|~~ Name: A C Gilbody ~~CP~~ Relevant professional ATT (Inst of Taxation) 106869 qualification(s) or body (if any):
Address: Accounts & Tax Advice Limited 605 Oldham Road, Failsworth, Manchester M35 9AN
1
October 2018
IER
Section B Disclosure
Only complete if the examiner needs to highlight matters of concern (see CC32, Independent examination of charity accounts: directions and guidance for examiners).
Give here brief details of any items that the examiner wishes to disclose .
2
October 2018
IER