Headway Oxfordshire Annual Report and Financial Statement5 31 March 2021 CharSly number.. 1156538
Headway Oxfordshlre Annual R6port and financlal Statements For the year Ènded 31 March 202q Contents Paye Fleleren¢e and admlnislr8tive details Chairrnan's Report Chiéf Executive Officer's Report Independent E%aminerfs Report Statement of Finanaal AGtivllie5 Slatetnent of Fillanal Aclivities Iprior yearl B8lan¢e Sheet Cash flow Notes lo the financlal Statements 9-19
Headway Oxfordshlre Reference and administrativè dètalls As at 31 March 2021 R8gistered Charity name.. Charity registration number.. Registered Office.. Headway Oyfordshlr6 1156538 4 Bagley Wood Rd Kennington OXFORD OX15PL Th8 trustees The trustees who Seprf the charity during the peri(Kl wer8 as follows= Jane Salin8ki Richard Coleman Neal Denton Udo K(schka Stru¢ture, governance and management The charity is a Charitable Incorporated OrgaMis8tion, Chkrity Number 1156538. Oble¢tives and activities We113v8 referred lo the guldance contsin8d in Ihe Charfty Commission's general guidanee on public benefit wherTr reviewing alms and objectlves and in plannlng our futuro activities. The objective ol the ch8rily ts to offer advice. inforrnation, rehabilitation and practical support lo people affected by acquired brain injury, throughout Oxford$hir8. The charity supports adults who havp sustain8d a hd injury or other kind ol brain injury and their familias who take on Ihe role of unpaid cargr. Independent Examlner Critchleys Audit LLP Beaver House 23-38 Hylhe Bridge Stieel Oxford OXI 2EP
H88dway Oxfordshlre Chalrman's Report For the year ended 31 Mar¢h 2021 As in previous year the environment in the Ch3rflable He£llh Car8 Seclor remains challéngillg made even more so at thè later end of this year by rh8 COVID Pandemic, that has of course affeeled 811 sectors. The CEO ha5 rgporled on how we Bpproathed this most ch811enging year from an operational point ol view which has seen rnany highlights as well som8 difficult decisions lo stop soffie servie8S that could not be delivered rernolely. As Chairman I will therefore in this shc>rt report focus on the business. fundraising and future stratsgy. However, before I do this, I would Ilke lo thank all the Fle8dway Oxfordshire IHWOI staff and volunteers for all their hgrd work and unflinching commitment. HWO Continues to be a sell-knnded organis81ion wilh no direcl slaluloiy grants for the provision of servic8s so th& mor2 commercial elements of our service musl oporate like any other bu5ine5S opersling on a dienl paid model. How8V8r. as a dirèct result of COVID-19 and both tlie national and Ioc81 slral8gic picluTe around soc181 care, il is anticipated that even funding of our ¢lienls via personal budgets wll see s¢rutiny and potential cost culling measures going forward until a full restructure of the SOCI81 care geclor is dellvered. To mitlgate thi5 concern, we continue lo engage at senior level. wth OCC and OCCG commissioners, in support of Ihoge affected by brain injury, lo ensure Iheir needs 8re met within tho sySM as a whole and lo engag8 in potential meaningful parlnership with our statutory partners golng forwgrd. As mentioned last year HWO continu8S to op&rate strict budgel selting and controls. we have been able to achieve our objeclivgs whilst increasing our reserves ov8r recent years. During last year we Used some ol these reserves to pay down our mortgage and incre4se our long-letm strategic nve5tments. Again, as prewously reported we have historically INvested in a development fund with the aim of funding lin part or wholel the rebuild ol the Actlvlly Centre which is in the form of a t£tmporary Terrapln bulldlng5. l am pleased lo tonfirm that we have now been able to Inltiat8 our plan and have invested aroa £180k nlo the refurbishrnent and in)provement of our maln hdivily CeTrlre building. This work will inolude major improvp.ment lo the exterior and slruclural 61em&nts ol the building, as well as improvèd a¢SsIbIlItY. When the works ar8 completed we anli¢ipale belng able lo increase capaaty and functionality of the building Spa and also considerably increasing Ihormal elfi¢iency and therefor6 eeaSing our carbon foolprinl 8s an organisation. To end this report, I need to report our reserves will also be reduced due to108se8 in our long-lerm inv8Stm8nts and inveslmènt Ihe rerTrodelling project. This area of th6 ac¢ounts also reports a slgnificant cash at bank figure, but I woulcl like to take Ihls opportunily to posnt out that Ihese figures are b8S8d on asset values as wdl as snve51ments. Once provistoning of cash reserves are considered we only have minimal res8rI8S to invest in future servbe developrnenl. Neal Dènton halrman Date: 5110121
Headway Oxfordshlre Chlèf Executiva Offl¢er's Report For the yaar endèd 31 March 2021 COVID-19 Not surprisingly, the last 12 months has b8&n domlnalert by the exlraoidinaTy challenges brought about by the COVID-19 pandemic. A5 8 Ironl-line provider working In Mlal health and soclal Care support. He8dway Oxfordshire IHWOI has had to accommodate these additional ¢hallÈnges and maTntaln support throughout. In this cx>nlexi, HWO'S staff leam, can stand proud. having rbsponded to these challenges al great speed and wslh gr8at d&t8rminalion. The commilmenl and hard work of HWO'S team meant our 5UPPOrt services were adapled within a week of lockdown, Allhough face to fa¢0 suppart serwces had to be postponed in the Initial months of 2020, we designed and impletnenlpd an éxlreTnely meaningful alternative 5UPPOrt package that has been able to m6et the majority of our service users 2nd carers needs, whilst also keeping them saf8. This package included.. daily specialist &xereise and aclivily sessions via zoom, ongoing advice, guidance and advocaGy SUPPOrt via telephone Irom our ABI Navigators and Wdfare Right5 workgrs. regular welfare check telephone calls and an emergettcy food delivery $8rvice. As soon as il was possible lo do so, wo ¥e-opened our Activity and Rehabllilatlon Centre for those most in need of our suppori. We did so by risk assessing every indivl4u21's circumstance lincluding slaffl and implamenting the SOfAal distancing iegu18tlons laKI out by natlonal and local governrnent. We also brouqht fotward Ihe planning ol building improvements lo our Centre in Kenninglon, aimed al cre2ling more space, b911er egress, exits, improving air fk)w and uvÈrall environmental Impact. We set aside fundiiig from our reserves to initiate thi5 proiert (Along with COVID grants socuredl and works wpre started in March 2021. We anlltspate Ihis work rnaking a posibve impact for our servi¢8 users, our fulure overheads. environmental impact and the bre3dth of services thatwe Can ¢onllnu& to develop within our facilities. Flnancial Impa¢t Thera has been 8 considerable nalIVe impact on our usttal cole income streams as a direct result of Ihe COVID-19 pandemi¢. Although Oxfordshiré Adults So(J&l Care agroed to allow our setvlce users the option to Contine lo iJlilis& th8ir personal budgels to'pay to plan our in¢ome suffered the following reductions.. Direct Servirp ARC- 30.56% Diract SeNice ABI- 23.30% Fundraislno Events- 80.87, Donations- 65.67% Contiary lo this, we have seen an increase in expenditur8, based on our n8ads for additional COVI 19 counter measures (such as th8 buildlng refurbishmentsl. It has been a combination of good linaneial governance, Ihe hard work of our senior management teatTr (Ind Ilie support of grant givers and sponor8, that has allowed us to survive Ihis last year. We thank those who have supportcd our work in this sense. ThEy Éiro.. The Big Lottery Community Fund, OCC'S Infeclion Control Fund, Oxlordshire Community Foundation, Edward Gosling Trust, OXLEP, PYE. Coulthursls LLP, CFG LLP and Royds Wilhy King LLP. We would also lik8 to acknowledge the fantastic suppori of Oxfordshire Asso¢iation of Care Providers IOACPI for their sterling work in supporting cammunlcalions acioss the providerlhgallh and social oro sector during Ihis difficuk (ime. Th2nk you to all those who have conlinued to support our cau$8 Ihrough donations and or av6nls and of course thé HWO front line team, volunteer5 and Iruste8s who have been steadfast in th[ resili8nce and continued support throughout Ihis highly pressurised tirne. Jamle Miller Chief Executlve Offieer Date: fl4411¢11
Headw8y Oxfordshire Independent Exarniners Report to the Trusteès of Haadway Oxfor(Ishire I r2porl lo the charity Irusleas on my examination of th8 fin8nci81 statements of HealaY Oxford5hire Ilhe charilyl for the year ended 31 March 2021. which are set out on pages 6 10 20. Respective responslbllitles of trustees and examlner The eharilsls trustees are resPOn5ible forthe preparation of the accounts in accordan¢e with th Charitie5 Act 2011 rthe Ad"). The charity's IruslÈes consvJeT Ihal an audit is not required for this y88r under section 144 of the Acl and that an independent exarnination is needed. Th8 charity's gross Income exceeded E250,000 and l am qualified lo undertak& lh& examination by being a qualiliud metnber of Th8 Inslilute of Chartered Aceountants in England and Wales. 11 is my r6sponsibilily to.. Èxamine the accounts under se¢lion 145 of the Charities Act, lo follow the applicable Direciions giv2n by IhÉ Charity Comrnisslon (under section 1451SXbl of the Act, and lo stste whether parcUlar mattels have com8 lo my attention Ba$ls ol independent examiner'5 statement My examindtiori was carried out in 8¢cordance with g8neral Diractions glven by the Charity Commission. An examinatinn indudes a review ol the a¢¢oLJntlng records kept by Ilie charity and a comFldriSQll of the accounts pr8senled wlh those r8cords. 11 also indudes consid8ralion rtf any unusual item$ or disclosures In the 8ccounls, ar)d seeking explanations from the Iruslee5 concerning any such rnatlers. The procedures undertaken do not provlde all the evidence that would be required in an audit, and consequently no opinion ts given as to whether th8 accounts presenl a'lrue and fai view and IhÈ report is limited lo those matters set out in the slatemenl below.1 have no ¢on¢erns and have come across no other mallers in conneelion with the examinalioll to which allenlion should be drawn in this report in order to enable a proper und8rstanding ol the Ilnancial statemenls to be reached. Indepèndènt examinerfs statèment In connection with my examinatioth, no material mallers have wme lo my alt&nlion whlch gives m8 cause to believe that in, any material resp8cI'. the accountlng iecord5 wer8 not kept in accoidanc8 with seclton 130 01 the Charfties A¢l'. or the accounts did I1 accord with the accounting records.. or Ihe 2c¢ounts dld not ujmply with the applIcae requirem&nts ¢on¢ernitvJ the form and contÈnt of acoounls sel out in the Ch3ritle5 IAccounls and Reports) Regulations 2008 othèr Ihan any requireménl Iliat tlie accounts give a 'lrue and f811 vi8w whith is not a maller considered as parl of an indppandenl exarnÈnation. I have no concerns and have ¢OFne Itcross no other matters In conn8ction wlh fh8 examinatlon to whlch attention should be drawn in this report in order to enable a proper understanding of the accounts to be roached. Kath&rlMé Wilkes FCA, Critchl8ys Audit LLP Beaver House. 23-38 Hyihe Sri4Jge Street, Oxford, OX12EP 15 October 2021
Headway Oxford91Tire Statetnent Trf FlnancFal Activities For thè yèarended 31 March 2021 InGortl8 and Ex enditure Atcount Unreslrloted D8sign3led Resirf¢led FuS Funds Funds Total 202 Total 2D20 Note Incomo ar¢d èndowments from.. Oonalions and legacies charibIe acbviiiès other trading acliwlles Investment income 8,582 565.069 10.507 358 8,582 677,381 10,507 358 2D.658 557.543 81,985 857 112,312 Total Income 584.516 112J12 698,828 641,Q43 ExpeTrdllur9 un.. Raislng funds Charitable aGtiirylies 12,3391 1410,1681 12,3391 164,1711 1524,¢421 117.7751 1556,4801 150.3031 Total 4f2,507 50.203 64.171 526,981 574,255 Nel IIDssesygains on InY881mon19 126BI 134,3711 Nèt Incomellexptrndltur$l before translgrs 150,3031 48,141 169,579 32,417 TraTrsfets b8¢wÈÈn fund& 1284.4561 264,456 Net InGomellgxpondlturÈl forthe pèrlod 1¥2.7151 214,153 48.141 169.579 32,417 Reconclllauon of Funds Total fuods brwghl forward 391,919 373.483 116,592 881,&74 849,557 Tot4 lunds rried forn8r<J ,204 587.61 16 733 Th8 sl0ent of linanrAal a¢te8 Includes all oaln8 and losse3 rewgnl8ed in the year. I In¢ome expènditurè d8rN8s from conliRLiW a¢llvllles.
Hèadway OxfordshirÈ Statement of Flnan¢lal Actlvltles Year ended 31 Mdrch 2020 IPrloryearl iTFGludlng Incomc and Expandlturp AGcount unr8slriG Designa18d Rèsiricied Fund5 Funds Fun6£ rotal 2020 Tolal 2019 Note Income and endowments from.. Donallons and1geleS 20,858 460,966 61.985 857 20,658 557,543 81,9B5 857 23.596 549.575 15.199 8.603 96,577 InvAslmpnl Inm0 Other income Total income 544,466 96,577 641,043 696,973 ExpendiluB on.. Ral$ing funds Charitsble aGtivilies 117.7751 1430,3031 152.8371 117,7751 (12,3401 1556.4801 16,0221 1571.1321 Total 448,078 53.837 2.340 574.2551 577.154 N61 g8lnsllloss&sl w investments 134,3711 134.3711 Not Incomellexpendlturel before transfers 62,017 153,8371 24,237 32,417 19,819 Tr&nsfers b6twe8n fund8 Net Ènc¢m8ll•xpendlturel for the period 62,017 153,8371 24.237 32,417 19,819 Reconclllatlon of Fund8 Total lund5 broughtforwar(J 329,902 427.300 92,355 849.S57 829.738 Total funds ¢ard8d fonvard 391.919 373,463 592 881.974 849, Th6 Ètalement of fin3ncial act1lIeS Indudes 811 galns and knsseE recognised in th8 year. AM it)com8 and exppndilur8 derive5 from continuing 8clhrftles.
Haadway Oxfordshlre Balancg sheet 31 Marcli 2021 2021 2021 2020 2Q20 Notes FIK¢d assets Tangible assets Invesimenls 355,981 567,114 401,558 Current assets Debtors Cash al bank alld In hand 12 13 61,401 131.312 192,713 51.152 503,356 554,508 Credilars.. knounls lalling duewiihin one ye8r 14 38,4261 24,8241 Net cuett assèts 154.287 529,684 Total a$s•t8 IÈss currenl Ilabllltlos 1.077,382 931.242 Credilots.. Amounts fallng due after more Ihan one year 125,8291 149.26BI Total net assèts 1.051,553 881,974 Fundx.. ReslrictÈd lunds Ut¥estriGted fund3 16 16 164,713 886.820 116,592 765,382 Total funds 1.051,553 881,974 Forthe financial year Sn qutrslion Ihe ciJrnpanywaq enli119d to exelnpiion undor seCtic 477 of thè CtyMpani8s A¢t2006 Eelaling to stnall con)panltrs. No members have required th8 COtllP(Iny lo ul)14in an audit of ils a¢runL$ for the y8ai in qu8stion In 8cts)rdgnce ilh section 476 of th6 Compaiiie5 Aci 2006. The directors aCknOledge Weir respOnXIlty lorcomplylng wih the requlremenls ol thg Aciwlli respectto aocounttng racords and forthB prepayalion of the a¢<x)unl8. The fin8ncial slai&m8ni8 wre approved by the Iruslees and aulh(rrisèd lor Issue o and are signed orj their behaw ty. Neal Denion Chalrman Jane Bèllnskl Trstee Thè notes nUmbed 110 18 form part ofth8ge financ1 slalemeDIs.
Headway Oxfo¥d$hir8 Cash flow For the year erlded 31 M8r¢h 2021 2021 2020 Nolos Cash Ilows from opgrallng actlvltles.. N61 cash provld£dby lused In) operallnu acbvilles 23 200.324 Cgsh flows from investlng acflvltlÈs'. Dividends. inleresi and rents from investments Purch8s0 of property. plant and equipinenl Proc88ds frorn ol inY¥31(ni*nls Purchase ol Inveslmenls Not cash provided by(usedlnJ lttv¢slAng actlvllles 358 14.7261 857 128,0941 142,500 568,000 572.368 115.263 Cliangg ITr cash and Gash 8quivalenls thè rèporting perlod Cath and Gash equivalenlts ai the béginnlng of the reportlng peri CAsh and ¢a8h eovivalents al the end oflhe reporti period 312.044 503.356 131,312 104,282 399.074 503.356 12
Headway Oxfordshir Noto$ ¢0 Ihe flnanGial 8lat¥m&nts Forth9 yÈar Ènded 31 Mah 2021 I Statemtrti of A¢¢ounllng Pollcles A summary of the principal a(Kounbng pollc8 adopted l%¥thkh have be8Th applied con5isleThUy, 8x¢opl%thtre noted).1gernentS and key sourc63 destsmatson un¢ertolnly, 15 sel out beknv. Gener$1 Informatlon ba51s of Prpparatltsn The chaiily cotisllluies 2 public b8nefil enlityas defin£d by FRS 102. The finawal stslemenls have been prepared kn accordance vthh A¢counliTrg 8nd Reportlng by Charlli8$'. Stalewenl ol Rewmrnended Pracii¢6 applkable 10 chanlles prep&ring their acrAiun15 in accordance Wlh Ihe F4n8noal Reuorting Standard appli¢abb In Ilie UK and Republic of Ireland IFRS 1021 Issued on 16 Jtsly 2014. the Flnanrial Rep(irting Slandard applicab in the Ullllcd Kin9dom Rcpubiic of Ireland IFRS 1021. Ihe Ch8ribes Arj 2011 The fln¥ntyaE s18temen15 aré prared on a golng Con b85is undei th8 histsitsl ¢osi ¢onvenli¢n, mo41ed to Irdude certain i18rn5 al ftir vaMJ&. The fin8nc491 skalemenls are propared In sleding yhioh is Ihe fullction¥ cutrencyof tha thariiy. Golng Concem The finandal stal8tnenl$ have been prepared on a golng ¢oncem b8815 88 the Iru5tees be11eve that no malerial unrtainl[8$ th$1. The Iruslees have considerad Ihe levpl of fUS held and Ihe expJGled lovBI ol inCDm6 and expendllure for 12 months from authorfj ihe$e finall81 stalemenls. Th8 bLYJgeied ¥Trd expenditure is suffirAenl wth the levd of reserves for charily to ba able lo continue as 8 going coDc81n, Income l incotning r8sources 8re included in Ihè siaiemenlof Financi81 Activities ISOFAI when the ch3ri1y is18galtyenliufjd 10 th6 income afier any p8rforman conditions hav8 baen rnel, the 8mounl can bB measured rdiabtyand il is probable that th8 incijme wll be re¢alved. D¢natlong For donalion9 to be recnIsed thp ¢harilywll have been nolified af tha amounts and the settMnIale In wriliDg.11 IheTe ar8 rdItIOnS atlathed to the donation and Ihls requires a level of perforffl&n before en11£en1 can be obtained then inwme is doferred until those conditions are fulty melor the fvlfilm&nl ol Ihose ndItIOnS is wlhin the control of ihé ch&rity 8nd il is that Ihayvlll btr fulflled. Grants Income from governm8nl and other granls ole recogn15ed atfal¥value then charity has enlillem8nl after any performance condilions hav8 been mot, 51 Is prob8bl8 that the income WN be reca5v and Ihtr amount can be measured rgliably.11 enullement is not tnel Ihen ihbse amounts 8re deferrwy. Capllal granls are recognisad whan ther8 is enlllleFnentand are not deferrèd ovèr th6111$ of tha ast Cbn they are e%Ktnded. Unspent amounts of capiial grani are relkded In the bance im the resifictÈd fixad agséi fund. Legacles For16gacles. enbll8rnBnl is Ihè &arllerof Ihp rhArity belng ndifled of an impending distribulion or th6 legacy belng rePie. Al Ihls polnl In¢tsme is recagnised. On OGC3sion l¥gacie5 *111 b¥ notirLed lo the chaiity how8ver it is not posslbl$ lo me$.%ure mnt exp8¢ 10 b8 di8lribulgd. On these occasions, the le9acylts Ir$a16d 4$ 8 eonlingentass&l and disckn5ad.
10 Headway Oxfordshlre Nole$ lo the finan¢lal slal8m0nt8 Far the yeor bndfjd 31 March 202fj 1 Statement of A¢countlng Polltltrs Iconiinuedl onatod goods, fa¢ilitl¢¥ and sèrvrGg3 Donated l¥¢illUes and dunled PTul¥ssional sepric85 ar8 recDgnis8d in incotne al Iheirfair value when threolc benefit is probabl6. il can be measured reliatAyand the charity has control overlhe ilem, Fair VBhJe is delermined on Ihe baS of Ihe value ol the gift lo tha charity. For exainNe the amount the charlly would bÈ Wllhg its pay In lh& open mathal far facilitses and sarvices. A corr88wndlng 8mounl Is recDgn1s6d In eypendllufe. No amount IE Included in the financl81 stsiemÈnts forvolunleerlim In Ilne Ihe SORP IFRS 1021. Furth8r daiall L8 glv in the Truslees. Annual REPQrt. Where praclicaile, gifts in kind donated for dBlrlbulion 10 Ihe benefi¢18ries ol the tharfty 8r6 Included In stk and donalions in Ihe financial slaletnenls upon reGeipt. If il Is iTnpraGlicable lo assess Ih8 fairVe al receipt or if the costs lo undertake such o valualion oufweloh sny benefits, Ihen Ihe falr value is recoonised as ¥ comwjnenl ol donations wtten11 is distribuled and an equlvaknl amount re¢ognlsed as charllab16 8xwndHurè. Gdt5 in kind donated for r£sale are included al fair Value, b8ing the expecied prodS from sale less the èxpected Costs of sale. Wher& esllmaling lh8 181rvaluf Is ryaciicable upon r01p£ll Is r8ujgn1È in stock and'lncome fiom OlhÈr Irath acuvilles,. sale. the value of th8 Stock is charged againsl'lncotne from olherlrading aclivilies, and the prOe5 are reniSed as'lncome from Ilherlrading activi118s'. Wh8re111s Smpracllc8bl8 lo falr valu8 lh8 Itèms du8 lo the volume uf IDW value items they art not re¢oynlsed In th6 flnanthal Slatemènts unlo Ihey are sold. This income is rniSed wilhin'lncorne rrom olherlr3dlng activlbes.. Flxed 8$s81 glfts In kil are rt¢ooni$ed r8C8wable and arg incled al fairvalue. They are noldeferr8d over the life of the asset. Tr#dlng 4ctivltlès Income from trading 8¢tiwlies in¢lude$ income earned fr(m fundralslng ovBn15 and Iradlng actiwlfie3 io raisg funds f<the chadly. In¢oM8 is received in exchange for suppl5fjng goods and setvice5 in order to iaise funds and is recognised when Ènti1[8nt has occurre(E. Inv&stmènt Incoma Investment inwm6 IS 88med through holdwig assgts lor Investment purposes Such 88 sh8r&$ 8nd property.11 Indud88 dlvld6nds, Snieresland r6nl. Wh8rt il is not practicablg to idenlifyinvesirnenl rnanagetnenl ci>sts incurred wihin g stheme Ih reasonable accuracy ihe investment incorne is reported net of these cogts.11 is included then the 8mounl can be m835ur8d reliably. Interest income is recognlsed uslng the elfecUvÈ Mlaresl malhod and divldand and rent h¢om81s recognis6d as th8 charity's righl 10 rocaivè p8ymtrM is esiablishèd. othèr Inetsmè Olhtrrln¢ome In(4ud6s Income Sud) as 9alns On disposals of tangib18 fixed assets. Expgnditur All exp6ndiluft is accounled foron an accruals basib and has b9tffl classified under headings that aggregate all cosis related to the Galaoory. ExpendituT8 IS recognised there is a legol OT conslruclive obligabon to m8ke paymenis lo Ihird partles,11 1$ prob8ble ihal the selllemenl wlll be requlred and Iha amount of the abllg8bon Can b6 moasurad Ebly. 1158¢818gorthd undpr lollovllng he8dlngs'. ¢0818 of ra181ng fund8 This incSu¢es all expendilure incurred by Ihe charity 10 r8lse lunds forlts charllable purposes and Indudes tknsls of all fundrgAtsing aGlivilies evenis and norFcharitablE* trading.
Headway Oxfordshire Notes to thè flnaliclal slatamgnts For the year end9d 31 March 2021 1 Stal8m8nt of AccoJntlg Pollcles Icontlnuedl Expend1turo on ch8rltaL)1• oollvllles These ar8 cosis incurred on the charitBble activlb'es. Indudlng supportcosls and ttssls ralaiing 10 ihegovemance of the ¢harily apportioned io cthatitablB actlmlies. otlifrrexpendltUTe This represents thosB Ilpffls falling into th8 calegorles abo¥8. IrrecoverabJ& VAT is charged 88 an expense ag8insl th8 actltY forvA)kh expenditure arose. Grants p8yable to third partses are vAlhln the th3ritatAe objectives. Wh8re uncondilioDal grants ar8 offered, Ihls 1$ actred as soon as Ihe recipienl is notified of th6 grant. 8s this givgs rise io a reasonable éxpe¢t¥llon that Ihe recipi&nlwill receive th8 grani8. Where grants are con(titional relati to perfomiancB then Ihe gY8nl is onw gccrued vthen 8ny unfuifilkd condibon8 are QUISe ol tho ¢onl¥ol ol the tharily. Support CQsl5 allocatlo Support C051$ are Ihosé thai 8sslst the of the ¢harily but do not directly represent Gharilabk a1v&S and Include office costs. g(weioance GosI8 and admlnlsirallve payroll tosts. Thay aro incurled d(reclty In support of 8xpendirts on Ihe objects of th8 charity and Include prqeel m8n8gemenl carricd out. Where supwJrt rA)sls cannot bg dirt¢lly allribuled lo particular headlngs thèy haw been albcated lo Cost ol reIng lunds and expelrtUre on chal¥ble activities on a basis COnStèrtl Wlh usé of tho resources. Fund-ral3ing costs are those Incurred in se0 voluntary contnbuiions and do not Include the costs of d15seminaling informaUon support ol IhÈ tharilable a¢bwlies. Tanglblo Fl¥èd Assets As661$ ¢¢sling £250 or more are capil8liswJ ay lgngible fixed assets and 8re ¢arriÈd at cost, n81 of depre80 and any provlslon Impairinenl. Co$t Includes costs directly aithbulabl& lo maklng the aSsetPable of optrrallng as intended. Wher¢ langible fixed assets have been acquired VAlh lh8 Bid of $p6¢Jfi¢ grants. either from th8 govémmeni or fr(xr th8 prlv¥le sl0r, the.y 8rp. ine.luded In the 8alanGe Sh8fj1 at¢osl and depreal8d owertkir trxpecled useful economic life. Whare there aro sp&eific condiiions allaGhed 1¢ Ihe funding requing Ihp. c(JntiniJed use of the as5el, Ihe related grant$ 81e crediled lo a reslricled fixed asset fund in the Slal8mont¢f Flnaneial Activibes and carried foTwdrd In the B4l¥nce Shegt. D8prè¢lallon on the relevant 8ss£ts is tharged directly lo the r8strictcd fixcd assel fund in Ihe Sl&letn8nl of Finan¢i¥l A¢livilies. Where langiNe fix£d asset$ h8ve b88n acquir vAtn unre51ricted funds, deprecEation on such assels is charged 10 thè Unrastha fund. DepreciEhon is provided on all tangible fixed assels olh8rthan freehold land. 81 rates calcu18ted la vthte off Iho ¢osl of each essel afi a sirai9hl-Iln8 basls over eXP8Gted ustrful Ille. as follows.. Freeho tuildingg Equipment Flxtures and fillws kloiorvehldes 15 years 4 years 4 years 4 years A rav1ewf( impairment of a flxed asset is caFri8d oul Ifovénis or changes In circuFnst8nces indt& that the caryn9 value of &ny fixed asset Tnay not be Yecoverable. Shortfalls Ven c8rrwng value of fixed as$elS 8nd their recoverable amoun15 are re¢ognised gs irnpairm&nls. Impairment I0eS ore r8coJnlsad In the SlaieM8nl of Fancial Aciivilias.
12 Headway Oxfordshtre Notes to th8 flnanGlal statements For Ihe y84r gnded 31 March 2Q21 f Statement of Accounting Pollcles Icontlnuedl DebtOY$ 8nd ¢radilorswryih no $18led interest rale and re¢elvable or payable within one year are r6¢orded al iransaction price. Any losses aiising from impairwnl are reWgnlrf in exp2ndilur8. Loans and borr¢W4gs are iTribally recognised al the transacti pri¢s Ind19 transaction cosis, Subsequ&niiy, IhÈyare messured at ainoriised cost using the ell8cliva Inieiesi ialp method, less impalrmenl. If an aFrangementconsliiutes a finance Itansaction il is measured ai prÈsen¢ value. Leases Ass&i.£ ae.qiiir&.d ljnder financè leases are capitallsed and d?preThdled over th8 shorterof the lease term and Ihts exp8Gted useful lile uf the asset. Minimum lease pgymenls 81È apportloned b8tween the finance chargg and the raduGtion of outstanding lease liability u&lng Iha effeciivè ini(Jresi mèihod. The re14ted abllgallons, n¥t of fuiure fillan charges. are induded In u6dltors. Renlals under operaung lea$e$ tharged lo the Stalernenl of Finsncial Acb"viUe$tsn a straight lin8 overlhe leas8 Iwn. Taxatlon The charity Is an axÈmpl ¢harityWlhin the meaning ol s¢h8dule 3 of Iha Charitiés Act 20f l and is consldeied lo pass the tests Sel oul In Paragraph 1 Schedule 6 Finance Act 2010 and Ih8r8for8 it rn88ts the deflniuL of a charit8bl8 mpanY10r LJK corpDfglkin lax purp05e5. mployee benefll9 When employe8s hav8 rendered services lo tho ¢harity. short-leirn employee benefits to thè èmployees are entild arè r8co9nised al the undiscouni8d amount Èxpa¢ièd to b& paid in exchange for Ihal s8MC8. The ¢harity op8fdlgs a defined contributn plsn forlhe benefil of ils employee5. Contiibvllons are expensed 88 ilw become payable. Fund Accounting Unr6Strl¢t&d funds are Avallable for use al Ihe discr611on of thè Itusl88s in furtherance of tha ganeral d4gGlive5 of the Charity and Ich have not been deslgnalEd furolher PUTPOSeS. Oesl9n¥led luThd8 comprise unreslricled fvnds thal have be8n $818side by the Iruslees far parU¢ular w[po. The alm Bnd use f ésch designated fund Is sel out In the nolas to Ihe finanGIo15181gni8nls. Reslrlcled funds are funds whlth are to be used in accordan* with sp8¢ific rastrictions Irnpos8d by donors or have bgen ralsed by the tharily for particular purposes. The ¢o$tof raising and adrnlnlsieting such lund8 are char96d against the 5pedfic fund. rhe aim and use of e8ch r881ricted fund k% sei Out in the notes to the finandal Sialements.
13 Headway Oxfordshlre Notes to the finanGial slatom8nts For thè yoar ended 31 March 2021 2 Income from donatlons &nd le9acies Toial 2021 Total 2020 DOaOn$ 8.582 20.658 8,582 20,658 3 ChsTiiaLs1é aciivltl8s Total 2020 2021 Oxlordshlw Acquired Brgin Injurysupport Serviee IOASSI? Educ31ional Direct 8eiwces 66,667 750 609,964 79.817 2,545 475,381 677.381 557,543 4 In¢oMo from otheT tradlnll a¢tiwtle? Total 2021 Yotal 2020 Fundraising Misc income 9,350 1,157 33,506 28,479 Bl.985 5 IncoTne from Inv8$tments Yotal 2021 Total 2020 B8Dk Inieresl receable 358 857 358 857
14 Headway Oxford5hlre Notes lo the finan¢ial stat6menlÈ For the year ènded 31 March 2Q21 6 Ral8lng funds rotal 2021 Tolal 2020 R¥ising th)n¥lws Inweslmefil Manag8rngnl Fe8S 1,721 618 17.77S 17,775 7 AnaSy51s of Èxpbrfjdlluro rharftable acllvlllgs Tolol 2021 Total 2020 Direct chari18ble activily Support Costs 162.143 362.499 259.648 296,832 524.642 556,480 DireBI C08t8 Support Cé818 Total 2021 Total 2020 DlreLI GharIt8b aGti¥ily Management and administrats Oveiheods Governance cosis 162.143 162.14) 124.470 232.749 5,280 259.648 117.247 177,335 2,250 124,470 232,749 s.20 162.q4J 362,499 556 480 14et Incom8llexpendl¢uro1 fortbe parfod In¢ludes.' 2021 2020 Depreckqlion 50,303 53,827
15 He&dwayOxl¢rd&lilr Forih YÈ#r&NdJI Narch 2021 6 Gov•manc&coBt Tolal 202Q PlrYOarindependl B¥ominrf¥ rem11 ten l(M8PgndgntexarnrenWnoratyO 2.5 2,7(Y) 2.250 2,250 g Stsff Costs 2021 2020 Staff coBts drInk ihè p&rfodware.' 278,21K> 20.818 299,018 als£culyC0ts 14.3to 38Q.431 ovtrage nunberofpernon$ 9mFtyd bythechBiityduthg PeWa8 8sfo1'. 2•21 2020 No. Otharslatf io number0fomoyeeSVth058emoyo8 bBn&fits lexdLvSlwempWr wn¥onco31slaXc8Èded £60.(th)WdS n1(2.. nll 10 TanfjlbFafix£d •55ets Propglty mant rrtI15 vohklo$ Total ¢v$l l A14 2020 485.955 14.701 4.726 60.494 82,233 4,72 31 2021 48S 955 60.494 DgpreGSatlo I 2020 Charg¢¥ iThperfiwJ 31 tthrGh2021 112.982 32.397 14fj,379 10,È97 12,9 11,740 54.TOD I2.6 2.749 fj1585 180.E75 230 $78 NÈtbookvalue$ 31 2021 339,S¥G 111J 496 355,481 1 Aprl 371.973 8.247 401 558
16 Hè&dw4yOy(oidyhlr• Not•s to thtstlnan¢l4lsitsm¢ntS FOrt&re1)deJfj M4¥Gh 2021 11 Ftx•dA$s•l Invoslm¢nts IDv•stniants Apru 2020 Sèles rtthèEe5 Investment Fo95 Mwkgl Value Movemert5 5fj8,000 P681 Investments at 31 March 2021 5671t4 12 DBbtots 2021 2Q20 TrldBdebtots OlhBrdeblors Pi?paynenig 8nd Actrtwj SQ707 1612 2.OB2 47,046 2,062 13 Ca&h •ib4nkand In 2021 2020 Casli 81 bankand har 3,356 3,356 14 Cr¢th¢ors.' am¥JUntsfI1Thu duowmh1nweQr 201 Trade cr¢dtors knans andovordrafts Quwiayatitsi 8Thd SC4ial Secty Acuuals ljlierciedltors 17.904 7.534 2.700 2.195 10.704 .548 2.290 1.841 JBA26 24,824 15 Cr•ditOts'. amounls talllngduèln grnat¢rthanvner 2021 2020 Bank and fwerdrals 2&829 4Q,289 25,829 49,2fj9
17
éa4tVdy Oxfordshlrtt
Not&s ttsthè IlnartelAlstatemoThts
For1heoreNdo& 31 March 2021
16 R•strfGted Fuj$
21 March
2Q21
2020
Expend11 tIBtOanl L059 TT¥D$lvrs
o LotlsryFund
11E.592
164,1711
164.733
64,171
The Blg Lo11yFuTrd 1sforlhB puipu59 of14V@O ouf ADI s91111¢ IOASSI. Th15 proSwA¢onwM89s aLadAlN#vbqSitsr, 2 ABIN41tB
allda perctniag90rtnana98ml ènd adrnln.
Fun&8
Balan¢•llt
31 Mor¢h
2021
2020
Inc
18 dwèyoklordfjhlre Portheyearended 31 March2021 DBslunalod Funds B•lart¢¢ at 31 March 2020 2019 Ihcume Expondllurg NgiGalnl Losts frpn5fg¥$ 427,300 153,B371 28,095 190,2tfj &g.F93 130È.104 401.558 Sixrnonlhs, salarycosts Sixmtsnlh$' turtilinucosl GefftrA1hdS 89,793 818f5 329,903 544,459 757.202 544 46 501.91S 764382 The ag$elreolac8mBnlaThl bulld9 f$hentd InIded losetas1dasutr8E fdt0£OVerfre S$s•l rop]acern8nl HdCap1a[Wths. Th• flxedassetdesignaled fvJr repr1lhA value al L4ngible fiK8d ass4$ and Ihereloie Ért n¢Aav8il£ble funds to SPEnd ICK1chaE1y. Six tmnlhs, salaryand tunThingcosl$ 9rg Sel a91de in dè%iJThatèd lullds. 19 Analysis of aswèb¢WfUrnd Ipriorwrt Fund bal¢$ èt31 [hare18peSenlOd ty Unre$tli¢¢dd Deslgnatsd funds Restrlcl•d fund$ Total lunds Tger1ed assels hIMeI5 Currgnla9S$ts Currwt 18bllldes 401.558 4DI.5S$ 57.907 280.009 It692 554,508 (24,6241 49.268 Tttt natA&sÈts 681.567 II&S52
19 HtyadwayOxlordshlT• Note5 IDihefin&nclal statthients Foi thèyasr Ènthd 31 March 202f ?Q Comm1tments underopplalnJ la¥è$ Op4f&iiny i¢a$¢s A131 Marth 21Y21 ihBIDtslolthecliariW8fLluro mlnSmum 18as• pawngni$ under(.cancdb1e operatlno knsèswas.. 202 2020 due Kiihin oneyèar and fivoy8ais 432 432 43Z $64 Therè are nocwUngénlliablknEsthalrEquiredLEckn 22 Pdalgd parlytranYG0g arèno r4l4iedpatytrIiJfing pgmd12020." ENill. 23 ReGotrKlflallon of Incom•4•xp•ndltur•llo nqt IA$h Ibwfrom Dpèrot5w AcIlt&S 2020 Netlncome lorthe reportlng pvrl¢d Adlustmentsfoi. 169.579 32.417 5Q,303 $3037 3d.371 LossaBllgAlnslon DividEnds. iniewi sndlents Irom in¥1S Lo3sllpronii se ¢lfx¢Ja5S91s Pncr&asaVdBcrease In debtOTS (dre3efft¢rea$e In ¢reOIIOI$ N¢t¢ash provldédby(usodln) oper4thB&¢tNiliSS 13561 (,1) 200.324