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 Fillan￿al 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 Sep￿rf 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 h￿d 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 syS￿M 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 ￿e￿eaSing 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 n￿alIVe 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 Contin￿e 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 spon￿or8, 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$8 Ihrough donations and or av6nls and of course thé HWO front line team, volunteer5 and Iruste8s who have been steadfast in th￿[ resili8nce and continued support throughout Ihis highly pressurised tirne. Jamle Miller Chief Executlve Offieer Date: fl4411¢11 Headw8y Oxfordshire Independent Exarniners Report to the Trusteès of Haadway Oxfor(Ishire I r2porl lo the charity Irusleas on my examination of th8 fin8nci81 statements of Heal￿aY Oxford5hire Ilhe charilyl for the year ended 31 March 2021. which are set out on pages 6 10 20. Respective responslbllitles of trustees and examlner The eharilsls trustees are resPOn5ible forthe preparation of the accounts in accordan¢e with th Charitie5 Act 2011 rthe Ad"). The charity's IruslÈes consvJeT Ihal an audit is not required for this y88r under section 144 of the Acl and that an independent exarnination is needed. Th8 charity's gross Income exceeded E250,000 and l am qualified lo undertak& lh& examination by being a qualiliud metnber of Th8 Inslilute of Chartered Aceountants in England and Wales. 11 is my r6sponsibilily to.. Èxamine the accounts under se¢lion 145 of the Charities Act, lo follow the applicable Direciions giv2n by IhÉ Charity Comrnisslon (under section 1451SXbl of the Act, and lo stste whether par￿cUlar mattels have com8 lo my attention Ba$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 I￿1 accord with the accounting records.. or Ihe 2c¢ounts dld not ujmply with the applIca￿e 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 Fu￿S Funds Funds Total 202 Total 2D20 Note Incomo ar¢d èndowments from.. Oonalions and legacies chari￿bIe 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$l before translgrs 150,3031 48,141 169,579 32,417 TraTrsfets b8¢wÈÈn fund& 1284.4561 264,456 Net InGomellgxpondlturÈl forthe pèrlod 1¥2.7151 214,153 48.141 169.579 32,417 Reconclllauon of Funds Total fuods brwghl forward 391,919 373.483 116,592 881,&74 849,557 Tot4 lunds ￿rried forn8rsts incurred wihin g stheme Ih reasonable accuracy ihe investment incorne is reported net of these cogts.11 is included then the 8mounl can be m835ur8d reliably. Interest income is recognlsed uslng the elfecUvÈ Mlaresl malhod and divldand and rent h¢om81s recognis6d as th8 charity's righl 10 rocaivè p8ymtrM is esiablishèd. othèr Inetsmè Olhtrrln¢ome In(4ud6s Income Sud) as 9alns On disposals of tangib18 fixed assets. Expgnditur All exp6ndiluft* is accounled foron an accruals basib and has b9tffl classified under headings that aggregate all cosis related to the Galaoory. ExpendituT8 IS recognised there is a legol OT conslruclive obligabon to m8ke paymenis lo Ihird partles,11 1$ prob8ble ihal the selllemenl wlll be requlred and Iha amount of the abllg8bon Can b6 moasurad ￿E￿*bly. 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 AccoJntl*g 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 actl￿tY forvA)kh expenditure arose. Grants p8yable to third partses are vAlhln the th3ritatAe objectives. Wh8re uncondilioDal grants ar8 offered, Ihls 1$ actr￿ed 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 QUIS￿e 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 a￿1v￿&S and Include office costs. g(weioance GosI8 and admlnlsirallve payroll tosts. Thay aro incurled d(reclty In support of 8xpendi￿rts 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 re￿Ing lunds and expel￿rtUre on cha￿l¥ble activities on a basis COn*Stèrtl 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 depre￿8￿0￿ and any provlslon Impairinenl. Co$t Includes costs directly aithbulabl& lo maklng the aSset￿Pable of optrrallng as intended. Wher¢ langible fixed assets have been acquired VAlh lh8 Bid of $p6¢Jfi¢ grants. either from th8 govémmeni or fr(xr th8 prlv¥le s￿l0r, the.y 8rp. ine.luded In the 8alanGe Sh8fj1 at¢osl and depre￿al8d owertk*ir trxpecled useful economic life. Whare there aro sp&eific condiiions allaGhed 1¢ Ihe funding requ*ing Ihp. c(JntiniJed use of the as5el, Ihe related grant$ 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 ind￿￿t& that the ca￿ryn9 value of &ny fixed asset Tnay not be Yecoverable. Shortfalls ￿￿Ve￿n c8rrwng value of fixed as$elS 8nd their recoverable amoun15 are re¢ognised gs irnpairm&nls. Impairment I0￿eS ore r8coJnlsad In the SlaieM8nl of F￿ancial Aciivilias. 12 Headway Oxfordshtre Notes to th8 flnanGlal statements For Ihe y84r gnded 31 March 2Q21 f Statement of Accounting Pollcles Icontlnuedl DebtOY$ 8nd ¢radilorswryih no $18led interest rale and re¢elvable or payable within one year are r6¢orded al iransaction price. Any losses aiising from impairwnl are reWgnl￿rf in exp2ndilur8. Loans and borr¢W4gs are iTribally recognised al the transacti￿ pri¢s Ind￿1￿9 transaction cosis, Subsequ&niiy, IhÈyare messured at ainoriised cost using the ell8cliva Inieiesi ialp method, less impalrmenl. If an aFrangementconsliiutes a finance Itansaction il is measured ai prÈsen¢ value. Leases Ass&i.£ ae.qiiir&.d ljnder financè leases are capitallsed and d?preThdled over th8 shorterof the lease term and Ihts exp8Gted useful lile uf the asset. Minimum lease pgymenls 81È apportloned b8tween the finance chargg and the raduGtion of outstanding lease liability u&lng Iha effeciivè ini(Jresi mèihod. The re14ted abllgallons, n¥t of fuiure fillan￿ charges. are induded In u6dltors. Renlals under operaung lea$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 entil￿d arè r8co9nised al the undiscouni8d amount Èxpa¢ièd to b& paid in exchange for Ihal s8MC8. The ¢harity op8fdlgs a defined contribut￿n 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 DO￿a￿On$ 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$tments Yotal 2021 Total 2020 B8Dk Inieresl rece￿able 358 857 358 857 14 Headway Oxford5hlre Notes lo the finan¢ial stat6menlÈ For the year ènded 31 March 2Q21 6 Ral8lng funds rotal 2021 Tolal 2020 R¥ising th)n¥lws Inweslmefil Manag8rngnl Fe8S 1,721 618 17.77S 17,775 7 AnaSy51s of Èxpbrfjdlluro rharftable acllvlllgs Tolol 2021 Total 2020 Direct chari18ble activily Support Costs 162.143 362.499 259.648 296,832 524.642 556,480 DireBI C08t8 Support Cé818 Total 2021 Total 2020 DlreLI GharIt8b￿ aGti¥ily Management and administrats Oveiheods Governance cosis 162.143 162.14) 124.470 232.749 5,280 259.648 117.247 177,335 2,250 124,470 232,749 s.2￿0 162.q4J 362,499 556 480 14et Incom8llexpendl¢uro1 fortbe parfod In¢ludes.' 2021 2020 Depreckqlion 50,303 53,827 15 He&dwayOxl¢rd&lilr Forih* YÈ#r&Nd￿JI Narch 2021 6 Gov•manc&coBt Tolal 202Q Pl￿rYOarindepend￿￿l B¥ominrf¥ rem￿￿￿11 ten￿ l(*M8Pgndgntexarn￿￿￿renWnoratyO￿ 2.5 2,7(Y) 2.250 2,250 g Stsff Costs 2021 2020 Staff coBts d￿rInk ihè p&rfodware.' 278,21K> 20.818 299,018 als£cul￿yC0￿ts 14.3to 38Q.431 ovtrage nunberofpernon$ 9mFty￿d bythechBiityduthg Pe￿￿Wa8 8sfo1￿￿'. 2•21 2020 No. Otharslatf io number0fom￿oyeeSVth058em￿oyo8 bBn&fits lexdLvSlwempWr wn¥onco31slaXc8Èded £60.(th)WdS n1(2￿.. nll 10 TanfjlbFafix£d •55ets Propglty mant rrtI1￿5 vohklo$ Total ¢v$l l A￿14 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¢l4lsi*tsm¢ntS FOrt￿￿&re1)de￿Jfj M4¥Gh 2021 11 Ftx•dA$s•l Invoslm¢nts IDv•stniants Apru 2020 Sèles rtthèEe5 Investment Fo95 Mwkgl Value Movemert5 5fj8,000 P681 Investments at 31 March 2021 5671t4 12 DBbtots 2021 2Q20 TrldBdebto￿ts OlhBrdeblors Pi?paynenig 8nd Actrtwj SQ707 1612 2.OB2 47,046 2,062 13 Ca&h •ib4nkand In 2021 2020 Casli 81 bankand har 3,356 3,356 14 Cr¢th¢ors.' am¥JUntsf￿I1Thu duowmh1nwe￿Qr 20*1 Trade cr¢dtors knans andovordrafts Quwiayatitsi 8Thd SC4ial Sec￿ty Acuuals ljlierciedltors 17.904 7.534 2.700 2.195 10.704 .548 2.290 1.841 JBA26 24,824 15 Cr•ditOts'. amounls talllngduèln grnat¢rthanvne￿r 2021 2020 Bank and fwerdrals 2&829 4Q,289 25,829 49,2fj9 17 éa4tVdy Oxfordshlrtt Not&s ttsthè IlnartelAlstatemoThts For1he￿oreNdo& 31 March 2021 16 R•strfGted Fu￿j$ 21 March 2Q21 2020 Expend11￿￿ tIBtOanl L059 TT¥D$lvrs o LotlsryFund 11E.592 164,1711 164.733 64,171 The Blg Lo11￿yFuTrd 1sforlhB puipu59 of14￿V@￿￿O ouf ADI s￿91111¢ IOASSI. Th15 proSwA¢onwM89s ￿aL￿adA￿lN#vbqSitsr, 2 ABIN4￿1￿￿t￿B allda perctniag90rtnana98m￿l ènd adrnln. Fun&8 Balan¢•llt 31 Mor¢h 2021 2020 Inc%d 2nd IhEreforeaienol8v8ilabl8 fu￿￿t0 forthe tha￿ty. Six f7 Anolysls of iiutag$¥t& ￿lwa￿n I￿ndS FU￿ )91￿C￿s￿L31 Ilaith &èr8prgs8nigd4r. un￿$trIcted DAslgllate r¥nd$ funds RestrlGt¢d fundB TanL¥bl&f￿gd Bss8Lq Investments CJirBTrI assds 355.981 355,981 {203.6551 {3B.4261 S.629 299.204 231.￿8 164.733 192,713 138.4261 25.829 1 051 5$3 164.733 IB R41tri¢t¢d FundS￿orye￿rI l Aprll 2019 31 March 2020 Inromè E¥peDdkur• N4tGÈirQ Ltsss Trwsfèrs g LolWFu 96,577 (12.340 92.355 .571 72.340 116592 Thè Blg LollgryFundiS forl￿PJr￿￿o￿IdeI1VetI￿QUrABI &tellli¢ S8tvKe. Tkis PtoJB¢i¢fMnprl8es 2¢0MM￿llys￿pportW0rk£r4 RertoFwemise5, On ¢48ts protvrh(wd m8nagsm9nl adM￿￿91r￿1i￿￿. 18 dwèyoklordfjhlre Portheyearended 31 March2021 DBslunalod Funds B•lart¢¢ at 31 March 2020 2019 Ihcume Expondllurg NgiGalnl Losts frpn5fg¥$ 427,300 153,B371 28,095 190,2tfj &g.F93 130È.104 401.558 Sixrnonlhs, salarycosts Sixmtsnlh$' turtilinucosl GefftrA1h￿dS 89,793 818f5 329,903 544,459 757.202 544 46 501.91S 764382 The ag$elreolac8mBnlaThl bulld￿9 ￿f￿￿$h￿ent￿￿d ￿ InI￿ded losetas1dasutr￿8￿E f￿d￿t0£OVerf￿￿re S$s•l rop]acern8nl H￿dCap1a[Wths. Th• flxedassetdesignaled fvJr￿ repr￿*￿1￿lhA value al L4ngible fiK8d ass4$ and Ihereloie Ért n¢Aav8il£ble funds to SPEnd ICK1￿cha￿E1y. Six tmnlhs, salaryand tunThingcosl$ 9rg Sel a91de in dè%iJThatèd lullds. 19 Analysis of aswèb¢W￿￿￿fUrnd* Ipriorwrt Fund bal￿¢￿$ èt31 ￿￿[hare18p￿eSenlOd ty Unre$tli¢¢dd Deslgnatsd funds Restrlcl•d fund$ Total lunds T￿g￿er1￿ed assels h￿IMe￿I5 Currgnla9S$ts Currwt 18bllldes 401.558 4DI.5S$ 57.907 280.009 It6￿92 554,508 (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 underoppla*lnJ l*a¥è$ Op4f&iiny i¢a$¢s A131 Marth 21Y21 ihBIDtslolthecliariW8fLluro mlnSmum 18as• pawngni$ under￿(￿.cancd￿b1e operatlno knsèswas.. 202 2020 due Kiihin oneyèar and fivoy8ais 432 432 43Z $64 Therè are nocwUngénlliablknEsthalrEquiredLEckn 22 Pdalgd parlytranY￿G￿0￿g arèno r4l4iedpatytr￿￿Ii￿J￿￿fing pgmd12020." ENill. 23 ReGotrKlflallon of Incom•4•xp•ndltur•llo nqt IA$h Ibwfrom Dpèrot5w AcIl￿t￿&S 2020 Netlncome lorthe reportlng pvrl¢d Adlustmentsfoi. 169.579 32.417 5Q,303 $3037 3d.371 LossaBllgAlnslon DividEnds. iniewi sndlents Irom in¥￿1￿*￿S Lo3sllpronii s*e ¢lfx¢Ja5S91s Pncr&asaVdBcrease In debtOTS (d￿re￿3e￿fft¢rea$e In ¢reOIIOI$ N¢t¢ash provldédby(usodln) oper4thB&¢tNiliSS 13561 (￿,￿1) 200.324