Charity registration number 1156538 OXFORD HEAD INJURY SERVICES (FORMERLY HEADWAY OXFORDSHIRE) ANNUAL REPORT AND UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2024
OXFORD HEAD INJURY SERVICES (FORMERLY HEADWAY OXFORDSHIRE) LEGAL AND ADMINISTRATIVE INFORMATION Trustees J Balinski R Coleman Dr R Lowe R Mackman {Appolnted 10 August 2023) (Appointed 3 September 20231 (Appolnlod 20 February 2024) (Appolnled 13 October 2023) K Me8dows D Bérasford-Green Charlty number 1156538 Independènt 8xamlner Critch16ys Audit LLP Beaver House 23-38 Hythe Bridge Street Oxford OX12EP
OXFORD HEAD INJURY SERVICES (FORMERLY HEADWAY OXFORDSHIRE) CONTENTS Pagé Chairman's Statefflent CEO'S report Independent examinerfs report Slalemenl of flnanclal acllvllles Balance sheet Notes lo the flnanctal stalements 10-18
OXFORD HEAD INJURY SERVICES (FORMERLY HEADWAY OXFORDSHIRE) CHAIRMAN'S STATEMENT FOR THE YEAR ENDED 31 MARCH 2024 This Is my first year s6rving the OHIS charity as Chair. I want to begln by descrlbing some of the challenges faced by those who suffer a braln injury and how this charity makes a much-needed conlribulion to support Iheir recovery and independence. l also want to explain some of the changes undertaken this year and our plans to extend and develop our services. Each year 4000 people are admitted lo hospilal with a brain injury in Oxfordshire. This mighl be Ihe r8suIt of illnessas, like a stroke, or an infaction such as meningitis, or from a head Irauma through a sports injury or road traffic accident. The impact of a head injury can be cataslrophic, r(#)bing a person. and their family and fr68nds, of th8 future Ihal they were planning and hoping for. The NHS is neilher dcsigned nor equipped lo provide the long- lerrn suppurt in the community required by survivors, their families and carers. The extent and type of Impact of a head Injury varies widely. No two people s11 havè the same experfence. They can be affected in many different ways physically, coqnilively and emotionally. Brain injury often causes physlcal weakness in different parts of the body. Some people experience severe short term memory problems, or lose Ihelr ablllly to spoak and communicate, or they may undergo a significant personalily change. This Changes everyday life and relallonships, which is incredibly challenging for the whole family. Medical teams find it hard to predict how much a person may recover from Ihe injury. and how long that will take. So, the future is uncertain.11 can be hard for people lo malnlaln thelr hope, motlvalion and determln81ion lo gel back their lives, especially if faced with the flnanclal diffl¢ullies of loslng Ihelr job or posslbly never retumlng lo full time employment. The sheer varlely of Issues people deal wlth means that assessment of their n88ds Is crftlcally important. Assessing someone's needs requlres careful dlscusslon about the seNic6s availabl8, before a packag8 of seNices can be selected and lallored for the Indlvldual. Regular revlew Is also essentlal. Thls adds a level of complexity and cost to th8 provision of our highly valued servic6s. Many of our cllenls are referred to us and are supported by our local aulhority. Oxfordshire CoLsnty Council, Other clients mako enqulrfes and come lo us directly for help. We recoive fundlng from several streams - from our local Councll. from charlly grants and donalSons, and from clients Iliemselves - but it does not cover all our costs. Last year, we mad8 a loss of £131,41)O, before d8preclallon. malnEy due lo a shorifall in fundraislng from events, grants and donallons. Thls coming year. we forecast we need to fundraise £300.000 to achleve a break-8ven budget. The OHIS team has w0ed incredibly hard lo reduce overheads and expenses. And w6 8ro Iruly grateful lo our current slalutory partners and funders. But we know Ihal we have to Slgnificanlly ralse our Income Ihrough fundraising efforts and build new partnerships to enable us to deliver the services we aro committed lo providing. We want lo extend and develop our services loo, which is why we disaffilialed from the national umbrella charlty, Headway UK, in March 2023 to give ourselves more freedom and flexibility to do so. We are looking fOard to this new chapter al Oxford Head Injury Services. OH IS has over 30 years, history of supporting those affected by a¢quired brain injury. We have a splendid Activily and Rehabilllallon Contre (ARC) in Kennlngion whlch has a specialised gym. a kitchen and café, trom where we offer art, dance, musSG, crafts, cooking, outings and other reGrealions. We also have access to a large outside space and a lovely garden. I can sgy, from personal èxperlence, that the services OHIS providas ar6 lif6 changing. Followng a serious illness In 2012, my husband allended Ihe ARC weekly for over two years, he made huge progress towards his recovary. As a new carer, l also benefilted from Ihe respite, carer support meellngs and compasslon shown by staff at OHIS. I wanted to give somethlng back to this wonderful charity and len years ago l joined as a Trustee. I became Chair of the 8oard of Trustees in July 2023, following the resignation of Neil Denton. CEO Jamie Miller also resigned in Seplember 2023. We thank them for their long service and contribuiion and wsh them the best in fLJture endeavours, Last aulumn I was delighted to welcome four new Trustees to strengthen our stralegic, financial, markeling and governan capability. l am also excited to have a new Chief Executive Officer, Clare Perllon, who joined us in January 2024 and brings highly relevant experience and leadership skills from the NHS and the charity sector.
OXFORD HEAD INJURY SERVICES (FORMERLY HEADWAY OXFORDSHIRE) CHAIRMAN'S STATEMENT (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2024 Since Ih8n, we have produced a new three year stralegic plan and have revised our mission. vislon and values and aro eager to share these. Our goals and objectives are challenging, and l am confidenl Ihal with the continued dedication and outstanding teamwork shown by our staff and volunteers, who I cannot thank enough, we will achieve our aspirations and continue lo make a real difference to Ihe lives of every brain injury suNivor and family who use our Seice$. e Ballnskl halr of Trustees
OXFORD HEAD INJURY SERVICES (FORMERLY HEADWAY OXFORDSHIRE) CHIEF EXECUTIVE OFFICER'S REPORT FOR THE YEAR ENDED 31 MARCH 2024 I foel privileged and exdted lo have joined a local Oxfordshlre tharfly Ihat has not only made a valued contribution to improve the wellbeing and lives of those affected by an acquir8d brain injury over the last 32 years. but one th81 has ad8Pted and thrived through a lot of social, political and economic change. The last few years. post Covid, have been more challenging than ever for charities and Oxford Head Injury Services (OHIS) is no exceplion. OHIS emerged from the pandemic and rebuilt its face to face activities which are delivered in the Activity and Rehabilitation Centr8 {ARC) and in p80p4e's homes. We ar8 now experlenclng a cost-of-living crisis that affects domestic. government and corporate budgets., so, the conlexl In whlch we iqre delivering %eNices Is tOll9h. However. l am optimistic Ihat we ¢an continue to make a dSfference lo Oxfordshlre's brain injury survivors and their families. I want to share some of the ambltlons and plans we have set out in our new three year slralegy.we have four strategic 908ls. and these are: To extend and broaden our s8rvic8 provision To ulllise our resources wisely and effectively To consolidate and develop our networks and partnerships To achieve and maintain financial stability In the nexl three years we will develop our speci21isl expertisa by working wilh profossionals in relevant fields and by uslng best practice guidelines. We will work with qualified practitioners who are as passlonale as we are about provldSng the best w8 can for our amazing clients. In addition, we would like lo extend our reach lo ensure that our s8rvlces are acc8sslble lo all those in Oxfordshire who would benefit from them. We will do Ihis by building stronger neiworks in our community, pTimary care and hospitals. and by improving our ability lo market our seNices. We also r8cognise the need for more varied psychologicalllherapeulic services for Ih08e affected by braln injury and Iheir families and will develop our services lo reflect this neod. People wllh an acqulred braln Injury and their friends and family often live in a degree of hardshlp and lack advocacy. We appreciate this and will partner wilh other organlsallons who can help, for example to provide welfare and benpfils 2dvic.?.. We. ae,knowledge that brain injury survivors are nol the only people affected by their condition and we will further develop our therapeutic and social support for carers as well as offer educallon for clients, their families, and professionals. We already work closely wilh many community teams which interface with the clients we support. We will continue lo work wilh them and will str8nglhen our links with the Oxford University Hospital Trust, the Oxford Centre for Enablement and the Oxford Stroke and Rehabilitatlon Unit. We are commitled to building neOrkS and partnerships and working Collaboratively with all our partners. We are passionate about providing excellent gov&manc8 for OHIS and are keen lo be a charily of cholce for staff and volunteers. We value our people hugely and acknovAedge that we cannot make a difference to servlce user's Ilves wlthoul their skills, kindness and dedication. We recognise the benefits that volunteers bring to a charily and plan lo develop new volunteering roles and increase the number of volunteers working with OHIS. Over the years we have acquired sever81 IT systems and data bases, whith are vital for managing our services and understanding and service users and supporters. bul we need lo ensure we are gelting the besl out of them. We are reviewing all our systems to ensure they give us the data management we need as we grow our income streams and client information and provide us with valuable insights to grow and shape our setvices to meet currently unmel needs.
OXFORD HEAD INJURY SERVICES (FORMERLY HEADWAY OXFORDSHIRE) CHIEF EXECUTIVE OFFICER'S REPORT FOR THE YEAR ENDED 31 MARCH 2024 To be able lo do this we must improve our profile. increase fundraising and grow our ability io generate incom8. So, a major focus for us Ihis year will be slrenglhening our communications and marketing, diversifying our income streams and developing more partnerships in the community and within the corporate world. Clare Rachel Perlton Chlef Exècutive Officer Date.. Our Misslon Oxford Head Injury Services seeks to make lasting improvements in the recovery and wellb8ing of people affected by brain injury across Oxfordshire by providing rehabilitation. information, advocacy and companionship, Our Vlslon People affected by brain injury, including carers. aro able to access support that reslores hope and enablas Ih8m to rebuild their lives and create a better future. Our Valu8s We respect people and their differences. We are compassionate and pat18nt. • We ar& reliable and do what we say we will. We are responsible in our approach to People and using resources. . We recogni88 8ach porson's contribution and their own progress. We work in partnership lo achieve Ihe best outcAimes for people affecled by brain injury. Our structure The charfly Is managed by a Chief Executive Officer {CEO} and two Senior Managers, an Operations Manager and a Head of Fundraising and Markoling. The staff18am consists of an Activity Coordinator and Aclivity and Rehabilitation Centre (ARCI Assistants and Head Injury Buddies. The organisation is supported by a RecaptioniqllAdministrator. Physiolherapy, Occupational Therapy and Personal Training are also contracted for dienls. Asmall nurnber of volunteers are managed by the Operdliuns Manager. When recrulling for Trustees we advertise in Linkedln and Ihe charity press. They are Inlervlewed by the Chair of Trustees and another Trustee. Their Cvs are clrculaled lo all Trustees for approval. The CEO also meets them informally as part of the process. Appointment of all Trustees is discussed and agreed al a Board Meeting. The Trustee Board meets 10 limes a year, usually every monlh. there are no meetings in August and December. Th8 Trusleo Board has a Trustee designated for Salaguarding and one for Whislleblowing. The senior team are In attendance al the Trustee Meetings. The Service OHIS Provides Our aim is to tailor the support thal we offer to meet each person's needs and aspirations. After initial Gonlact to identify their needs, we pul togelher a package of support. which often includes signposting them lo addilional services or providlng a buddy to support them. The services we offer include..
OXFORD HEAD INJURY SERVICES (FORMERLY HEADWAY OXFORDSHIRE) CHIEF EXECUTIVE OFFICER'S REPORT FOR THE YEAR ENDED 31 MARCH 2024 Acquired BraSn Injury Navigation Our navlgators provlde one lo one support, often just after a brain injury diagnosis, wilh the aim of ensuring Ihal lh8 p8rson and their family understand can access the benefils and support they are enlilled lo. Navigators halp paople to understand and access the stalulory Seices, systems and advocacy available. We are often involved al vartous points of the person's rehabllilallon journey, and cover a wide range of topics, such as arKessing Iransport grants, referral to activity days or Head Injury Buddbes {HIBsl. transport from hospital lo home. benefits and beneflt appeals. Head Injury Buddies {HIBs) Buddies work In a one lo one setting, usually offering a one or hour session, HIBS can help people to complete dally tasks, develop and Maintain a weekly stiucture, manage finances and paperwork and ar.re.%s other services and support. This seNice is often known as Ihp.rape.4Jtic. befriendlng and Is often goal-based, helping the person to achiev6 specific outcomes. ActSvity and Rehabilitation Centr8 {ARC) Day Servlce The ARC is a welcomina place which offers structured support, so¢lal engagement and peer support. We offer 8 range of activities from the ARC Includlng in person Occupational Therapy sessions designed lo rehabllilale and help maintain physical and cognlllve function 8nd activities lo help Ihe person rebuild their everyday skills and conftdence. ARC users can also lake part in creative sessions, eat a meal togelher or chal over coffee, and go on a number of outings lo local places. Our users can choose what they would Ilke to do, and everylhlng Is d6signed to enhance socialisation. promote restoration and malnlaln function. Throughout 2023 12024 we provlded 689 sesslons eilh8r vla our Rehabilitation Centre or wllhln own people's homes and local community. We provided 551 client sessions in the Acllvity and Rehabllllatlon Centre during the financSal year and 138 sessions within the communily. This lolalled al 3,463.50 hours of support. 17 ARC trials look place Sn the financial year, lurned into cllents, others decided it wasn't for (hem. Thera isls We have a physSolheraplst who specialises in rehabllllalk)n and a speclalisl neuro-occupatlon th8raplsl, Our Rehabilitation Physlollierapist helps people lo restore and maintain their ability to move and funcllon. Our speclallst Neuro Occupallonal Therapist contributgs lo our acllvlty programme and helps the people who use our seNice to live their best life, by helplng them lo sel goals and adluslmenls targeled at achieving specific actlvities. Enablement plans were r6-Inlroduced in September of 2023. By December 2023 we had completed 59, and by the end of the financlal year all activ8 clients withln our Rehabllitation Cenlre and wilhln the communlty have Én8blemenl plans. From January 2024 our part time physlolh8raplsl completed 54 thorough assessmenls Ideniitylng all Ihe cllent's prob18ms and goals, she continues lo work wilh a caseload of clients to improve and mainlaln Ihelr function. Building strength and fltness after a brain injury is really important, and it has the added benefil of helping the person to build confidence. Improve their mobility and gain more Independence. We have a woll-equipped gym, which complements our physiotharapy service. lo help 0p[e people lo maximiso functlon. W6 saw a large increase in clients wantlng to use our gym from Seplember. Hours recorded are 486 hours of exerclse. All clienl's results are outstanding with personal goals being reached. Carer Support The carers of people wlth braln injury are important people. they need help and support loo. When a person comes to Ljse the ARC. their carer can have some respite, knowing they are in good hands. Some carers like lo come with that person to the day centre, so they can socialise and be part ofthe OHIS community. We also offer carers evenings where carers can meet and link up with each other,18am about caring for people with brain inlurles and find out more about the support available.
OXFORD HEAD INJURY SERVICES (FORMERLY HEADWAY OXFORDSHIRE) CHIEF EXECUTIVE OFFICER'S REPORT FOR THE YEAR ENDED 31 MARCH 2024 When a clienl vi8its the ARC or has a visit from a HIB we provide vital respite lo their famllles. In addition to thSs wè hosted a Garers evenl in April. We continue provide ad hoc face to face and telephone support to dient's familles when they need it. Flnanclal revlew The Oxford Head Injury S8rvles team produced a cons8rvative budget for this pasl year. Income Generation was challenged as a significant grant and support from two partners came to an end. Donations 8nd legacies performed W811, but total expenditure was mor8 than the previous year, so all things combined this was a year when we had a deficit. The organisation has no debts and its resenles policy Is to have 6 months of running costs to cover salaries and expans8S.
OXFORD HEAD INJURY SERVICES (FORMERLY HEADWAY C R I T C H L E Y S OXFORDSHIRE) INDEPENDENT EXAMINER'S REPORT TO THE TRUSTEES OF OXFORD HEAD INJURY SERVICES (FORMERLY HEADWAY OXFORDSHIRE) report to the trusleos on my examination ol the financial slatements of Oxford Head Injury Services (form8rly H8adway Oxfordshire) (the charity) for the year ended 31 March 2024. Responsiblllties and basls of report As tha trustees of the charity you are responsible for the preparalion of Ihe financial statements In accordance with th6 r8qulr8rnenls of the Charities Act 2011 (Ihe 2011 Acl). I report In respect of my examlnallon ol the charity's financlal statements carried out under section 145 of Ihe 2011 Act. In carrying out my examination I have followed all the applicabl8 Dlreclions given by the Charfty Commission under socllon 14515)(b) of th8 2011 Act. Independent oxamlnerfs statement Since Ihe charity's gross income exceeded £250,000 your examlner must be a m8mber of a body listed In secllon 145 of the 2011 Act. I confirm that l am qualified to undertake Ihe examination because l am a memb8r of The Institute of Chartered Accountants In England and Walos, which is one of the lisled bodies. I have comp181ed my examlnalion. I confirm Ihal no matters have rne to my attention in connecllon with the examination giving me cause to believe that In any material respect.. accounting records were not kept In respect of th8 chariiy as requlred by section 130 of the 2011 Act., or Ihe financial statements do not accord with those records., or the financlal slatemenls do not comply with the applicable requirèm8nls concerning th8 form and content of accounts sel out in the Charllles (Accounts and Reports) Regulations 2008 other than any requlremenl that the accounts give a true and fair view which is not a matter considered as part of an independenl examlnalion. I have no concerns and have come across no other matters In conneclion with Ihe examlnation lo which altenllon should be drawn Sn this r6POrt in order to onable a proper understanding of tho financlal statements lo be re8ched. Gary Prèady FCA Crltch18y5 Audit LLP Beaver House 23-38 Hylhe Bridg6 Stre81 Oxford OX12EP Dated:
OXFORD HEAD INJURY SERVICES (FORMERLY HEADWAY OXFORDSHIRE) BALANCE SHEET ASAT31 MARCH 2024 2024 2023 Notes Flxed assets T8ngible assets 13 314,847 355,184 Current assets Debtors Cash at bank and In hand 14 36,760 628,066 41,035 740,993 664,826 782.028 Credltors: amounts falllng dué wlthln ono yoar 15 (28,600) {14.282) Nel current assets 636.226 767,746 Total assets less current liabilities 951,073 1,122,930 Net assets exeludlng penslon1Sablllty 951,073 1,122,930 The funds of the charlty Reslricled income funds Unreslrict6d funds 17 260,947 690,126 259.127 863.803 951,073 1,122,930 J Balinski Trustee
OXFORD HEAD INJURYSERVICES (FORMERLY HEADWAY OXFORDSHIRE) STATEMENT OF FINANCIAL ACTIVITIES INCLUDING INCOME AND EXPENDITURE ACCOUNT FOR THE YEAR ENDED 31 MARCH 2024 Unrestricted Restricted funds funds 2024 2024 Total Unrestricted Restricted funds funds 2023 2023 Total 2024 2023 Notes Income from.. Donations and legacies Charitable activities Other trading aclivilles Inv8Stments 28,072 275.552 30 22.940 2,603 30,675 275,552 30 22,940 15.998 323,404 7.442 106 15,998 464,984 7,442 106 141,580 Total income 326.594 2.603 329.197 346,950 141,580 488,530 Exp8ndlture on: Raislng funds Charitable activities 2,474 497,797 2.474 498.580 3.706 371.674 3,706 443,922 783 72,248 Total expendlturè 500,271 783 501.054 375,380 72.248 447,628 Net Incomel(expendlture) and movèment In funds (173.6771 1,820 (171,857) (28,430) 69,332 40,902 Reconcillatlon of funds: Fund balances at 1 Aprll 2023 863,803 259.127 1.122.930 892.233 189.795 1,082.028 Fund balancès at 31 March 2024 690,126 260,947 951.073 863,803 259,127 1,122,930 The statement of Ilnancial aclivilies indudes all gains and losses recognised in the year. AJI income and expenditure derive from conllnuing activities.
OXFORD HEAD INJURY SERVICES (FORMERLY HEADWAY OXFORDSHIRE) NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2024 Accountlng policles Charlty informatlon Oxford Head Injury Servlces (formerly Headway Oxfordshir8) Is a charitable incorporated organisation incorporated In England and Wales. The registered office is 4 Bagley Wood Road, Kennington, Oxford. OX15PL. 1.1 Accountlng convention The financial slalements hav8 b86n prepared in accordance with the charity's goveming document. the Chdrilles Act 2011, FRS 102 "Th8 Financial Reporting Standard applicable in the UK and Republic of Ireland. {"FRS 102") and Ihe Charities SORP "Accounling and Reporting by Charities: Slalemenl of Recomm8nd@d Practice applicable to charities preparing their accounts in accordance wilh the Financial Reporting Standard applicable in the UK and Republic of Ireland {FRS 102). {effedive 1 January 20191. The charity is a Public Benefit Enlily as defined by FRS 102. Th8 charity has taken advantage of Ihe provisions in the SORP for dritieS not to pr8par8 a Stat8ment of Cash Flows. The financlal slalements havè departed Irom the Charilies (Accounts and R8porls) Regulations 2008 only lo the exlenl requlred lo provide a true and fair view. This departure has Involved following the Statement of Recommended Pracllce for charities applying FRS 102 rather than the versSon of the Statement of Recommended Practlce whlch Is referred to in Ihe Regulatlons bul which has since been wlthdrawn. Th8 fin8nclal slalements are prepared in sterling. which is the functional currency of thè charily. Mon8tary amounts in these financial slalemenls are r(yJnd8d lo the nearest £. The financial statements have been prepared under Ihe historical cost convention. Th8 prlncapal accountlng pollcies adopted are set out below. 1.2 Golng concern Al the lime of approving th8 financial stalemenls, the Iruslees have a reasonable expectation thal the charlty has adequate resources to conlSnue In operalional existence for Iho foreseeable future. Thus the trusloos conllnue to adopt the going CA)ncem basls of acLounling in preparing the financial slalements. 1,3 Charitable funds Unieslricled funds are avallable for use al ihe dlscr6tion of the trustees in furtherance of their charitable objeclives. R8slriGled funds are subject lo speclfic conditions by donors or grantors as lo how they may be used. The purposes and uses of Ihe restricted funds are sel out in the notes lo the financi81 statements. Endowment funds are subjecl to specific (yjnditions by donors that th8 capital musl be maintained by the charity. 1.4 Income Income is recognised when the charity is legally entilled lo il after any performance conditions have been met, the amounts can be measured reliably. and it is probable that income will be received. Cash donations are recognised on receipt. Other donallons are recognised once the charfty has been notified of the donation, unless performance condilions require deferr81 of the amount. Income tax recoverable in relation to donations recelved under Gift Aid or deeds of cx)venant is recognised at the lime of Ihe donation. 10-
OXFORD HEAD INJURY SERVICES {FORMERLY HEADWAY OXFORDSHIRE) NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2024 Accountlng policies Icontlnued) Legacies are recognised on receipl or otheise if the chartty has been notified of an impending distribution, the amount is known, and receipt is expected. If the amount is not known. the legacy IS treated 8s a contingent asset. 1.5 Expenditure Expenditure Is recognised once there is a legal or conslruclive obligatlon to Iransfer economlc benellt to a third party. il Is probable that a Iransfer of economic benefits will be requlred In selllernenl, and the amount of the obligallon can be measured reliably. Expendlture Is classified by activity. The costs of each activity are made up of the toial of dlreat costs and shared costs, including support costs involved in undertaking each activity. D5red costs atlribulable to a singla activity are allocated dlrectly lo that aclivily. Shared cosls which contribute to mor8 than one activity and support costs whlch are not altribulable lo a slngle activity are apportioned belw8en Ihose activities on a basls consistent with the us8 of resources. Central slafl costs are albcaled on the basls of tlme spent, and depreciation charges are allocated on the portion of the asset's usa. 1.6 Tanglble flxed assets Tangib18 fixed assets are initially rneasured at cost and subsequently measured al cost or valu8llon, net of depreclalSon and any Impairment losses. Depreciation is recognls8d so as lo wrile ¢Jff the $1 or valuallon of assets18ss Ihelr resldual values over their useful Ilves on Ihè followlng bases.. Freehold Property Equipment Flxtures and fltlings Motor vehicles 15 years 4 years 4 years 4 years The gain or loss arising on the disposal of an assel is delermined as the difference between the sala procèeds and the carrying value of the asset, and is recognised in the statemenl of financial activilies. 1.7 Impalrment of fixed assets Al èach reporting end dat8, the charlly reviews the carrying amounts of its tangible assets lo delennine whether there is any indlcation Ihal those assets have suffered an impaiment loss. If any such indicalion exists, the recoverable amounl of the asset is eslimated in order lo detennine the extent of the Impairment loss (If any). 1.8 Cash and cash equivalents Cash and cash equivalents include cash in hand, deposits held al call with banks, other short-lerm liquid investments with original maturities of three months or less. and bank overdrafts. Bank overdrafts are shown within borrowings in current liabilities. 1.9 Financial instrnments The charity has elected to apply the provisions of Section 11 'Basic Financial Instruments. and Section 12 'Olher Financial Instruments Issues, of FRS 102 lo all of its financi21 instruments. Financial inslnjmenls are recognised in the tharity's balance sheet when the charity becomes pariy to the contractual provlsions of the instrument. 11
OXFORD HEAD INJURY SERVICES (FORMERLY HEADWAY OXFORDSHIRE) NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2024 Accountlng policies (Continued) Basic financlal assets Baslc financial assets, which Include debtors and Cash and bank balances, are initially measurèd at transaction price including transaction costs and are subsequonlly carried al amortised cost using the effective interest method unless the arrangement constilutes a financing transaction, where Ihe transaction is measured al the present value of the luture receipts discounted at a markel rate of interest, Financial assets cla8silied as re1vable within one year are not amortised. Basic financial liabllltles Basic financial Ilabllillès, including credltors and bank loans are inilially recognised al transaction price unless th8 arrangement conslitules a financing transaction, vthere Ihe debt inslrument is measured at the present value of the future payments dis¢ounted at a market rale of Interest. Financial Ilabllilles dasslfled as payable wllhSn one year are not amortised. Debt inslrumenls are subsequently carried al amorilsed cost. using the effective interest rate method. Derecognitlon of financial Ilabllities Flnancial Ilabllllles are derecognised when Ihè charity's contractual obligauons expire or ar6 dlscharged or ¢ancelled. 1.10 Employee benefits Th6 cost of any unused hollday entillement Is recognised in the pariod in whlch the amploy88's seNices are r8celved. Termln81ion beneflls are recognlsed immediately as 8n expense when the charfly Is demonstrably committed lo terminate the employment of an employee or lo provlde temilnation benefits. 1.11 Retirement benefits Payments to defined conlribullon retirement benefit schemes are ¢harged as an expense as Ihey fall du8. Crltlcal accountlng estimates and Judgements In the appllcallon of Ihe charlly's accounting polldes, the Irustees are ffjqulred to make judgem8nls, aslimales and asqijmptioris about the carrying amount of assets and liabS1ilios that are not readily apparent from other sources. The esllmates and associated assumptions are based on historical experlence and other fa¢tors that are consldered to b8 relevant. Actual results may differ from these estimates. The estlmates and underlying assumptions are reviewed on an ongoing basis. Revisions to accounllng estimates are recognised in Ihe period in which the estimate is revised where the revision affecls only that period, or in the pertod of the revision and future periods where the revision affects both current and future periods. Critical Judgements Flxed asset depreciation DeprecÉalion Is recognised so as to write off the cosl or valualion of assets less their residual values over their useful lives. Calculation of depreciation requires judgements to be made, which include the useful economic livos of fixed assets held. Depreciation for the y8ar was calculated to be £40.457 {2023.' £42,695). 12-
OXFORD HEAD INJURY SERVICES (FORMERLY HEADWAY OXFORDSHIRE) NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2024 Income from donations and legacies Unrestrlctèd Rostrlcted funds funds 2024 2024 Total Unrestrlcted Restricted funds funds 2023 2023 Total 2024 2023 Donations and gifts Grants r6ceSved 28.072 28.072 2.603 15,998 15,998 2.603 28.072 2,603 30,675 15,998 15,998 Income from charilable activities Unrestrlcted Restrlcted funds funds 2024 2024 Total Unrestrlcted Restrlcted funds funds 2023 2023 Total 2024 2023 Charltable activities Direct Services Oxfordshire Acquired Injury Support Service (OASSI 227,219 227,219 231,737 141,580 373,317 48,333 48,333 91,667 91,667 275,552 275.552 323,404 141,580 464,984 Income from other trading actlvities Unrestricted Unreslrlcted funds funds 2024 2023 Fundraising Misc Income 6,767 675 30 Other trading acuvltles 7,442 Income from Invéstments Unrestricted Unrestricted funds funds 2024 2023 Bank interest receivable 22,940 106 13-
OXFORD HEAD INJURY SERVICES (FORMERLY HEADWAY OXFORDSHIRE) NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2024 Expenditure on charitable actlvitles Restrlcted Unrestrlcted funds funds 2024 2024 Total Total 2024 2023 Dlrect costs Staff cosls Dlrecl charitable actlvlty External seNices hlrèd 129.436 129,436 783 38,023 117,187 783 38,023 59,921 783 167,459 168,242 177,108 Share of support and governanco costs {se8 note 9) Support Governance 326,858 3,480 326,858 3,480 263,692 3,122 783 497,797 498,580 443,922 Analysls by fund Unreslricled funds Reslrl¢ted funds 497,797 497,797 783 371,674 72,248 783 783 497.797 498.580 443,922 Expendltur8 on raising funds Unrestrlcted funds 2024 Total Total 2024 2023 Fundralslng and publlclty Olher fundraising costs Investment manaoem8nt 1.054 1,420 1.054 1,420 3,229 477 Tolal cosls 2.474 2,474 3,706 14-
OXFORD HEAD INJURY SERVICES (FORMERLY HEADWAY OXFORDSHIRE) NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2024 Support cosls allocated to activities 2024 2023 staff costs Depr8clallon Management and administrallon Overheads Governancé costs 152,888 40,457 110,966 22,547 3,480 164,514 43,940 31.464 23,774 3,122 330,338 266,814 Analysed between: Unreslricled funds 330,338 266,814 10 Trustae5 None of the IfUSt8es (or any persons connected with them) received any remuneration or b8n8fits from the charity during th8 y8ar. 11 Employees The average monthly number of employees during the year was: 2024 Number 2023 Number 11 11 Employment costs 2024 2023 Wages and salar(es Social security costs Other pension costs 257,466 21,421 3,437 256,717 21,661 9,625 282.324 288.003 The number of employees whose annual remuneration was more than £60,000 is as follows.. 2024 Number 2023 Number £60,001- £70,000 12 Taxatlon The charity is exempt from taxation on Its aclFvilies because all its income is applied for charitable purposes. 15-
OXFORD HEAD INJURY SERVICES {FORMERLY HEADWAY OXFORDSHIRE) NOTES TO THE FINANCIAL STATEMENTS {CONTINUED) FOR THE YEAR ENDED 31 MARCH 2024 13 Tang5ble fixed assets Freehold Propariy Equlpmerkt Fixtures and fittlt)gs Motor vehlc108 Total Cost Al 1 April 2023 Additions 570,453 20,433 120 66,468 10.088 667,442 120 At 31 March 2024 570,453 20,553 66,468 10.088 667,562 Dapreclatlon and Impairment Al 1 April 2023 Depreciation charged In the year 220,505 38,030 18,519 1,435 63,146 992 10,088 312,258 40,457 Al 31 March 2024 258,535 19,954 64,138 10,088 352,715 Carrylng amount Al 31 March 2024 311,918 599 2,330 314,847 At 31 March 2023 349,948 1,914 3.322 355,184 14 Debtors 2024 2023 Amounts falllng due wlthln ono year: Trade debtor5 Other debtors Prep8yments and accnjed income 28,626 7,357 777 31,051 1,333 8,651 36,760 41,035 15 Credltors: amounts falling du8 Withln one year 2024 2023 Other taxalion and soclal security Trade credilors Other creditors Accruals and defeed Income 4,347 19,375 1,398 3,480 3,669 6.730 761 3.122 28,600 14,282 16 Retirement beneflt schemes 2024 2023 Defined conlributlon schemes Chargo to profil or loss In resp8Ct of defined conlribution schemes 3,437 9,625 16-
OXFORD HEAD INJURY SERVICES (FORMERLY HEADWAY OXFORDSHIRE) NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2024 16 Retirement benefit schemes (Continuedl The charity operates a defined contribulion pension scheme for all qualifying employees. The assets of th6 scheme are held separalety from Ihose of Ihe charity in an independenlly administer&d fund. 17 Restrlcted funds The res117Cted funds of Ihe charity comprise Ihe unexpended bal8nc8s of donatsons and grants held on trust subject lo speciflc conditions by donors as to how they may be used. At 1 April 2023 Incomlng resources Resources At 31 March expended 2024 Big Lotlory Fund Soclal Lunches Grant 259,127 259,127 1,820 2,603 <783) 259.127 2,603 (783) 260,947 Prevlous year: At 1 Aprll 2022 Incomlng resources Rèsources At 31 March expènded 2023 Blg Lollery Fund 189,795 141.580 {72,248) 259,127 OASS- The Blg Lottery Fund paid forABI navigation. 18 Unrestrlcted funds The unreslricled lunds of the charity comprise the unexpended balances of donations and granls which are not .8ubject lo specific condilions by donors and grantors as lo how Ihey may be used. Thests include deslgnalod funds which havo boon sel aslde out of unreslricled fund8 by the trustees for spoclllc purposes. At l Aprll 2023 Incoming resources ResourGes expended Transfers At 31 March 2024 Fixed asset designated fund Six months, salary cosls Six months, running costs General ftjnds 355,184 140,851 79,711 288.057 (40,457) 120 311 21,844 {22,275) 314,847 141,162 101,555 132,562 326.594 {459,814) 863,803 326,594 (500.271) 690,126 17-
OXFORD HEAD INJURY SERVICES (FORMERLY HEADWAY OXFORDSHIRE) NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2024 18 Unrestricled funds (Contlnuodl Previous year: At 1 Aprll 2022 Incoming resources Resources èxpended Transfers At 31 March 2023 Flx8d asset designated fund SIX months, salary costs Six months, running costs Gen8ral funds 397,451 136,363 94,143 264,276 (43,940) 1,673 4,488 (14,432) 8,271 355,184 140,851 79,711 288.057 346.950 (331.440) 892,233 346,950 (375.380) 863,803 The flxed asset designated fund represenls the carylng value of tangible flxed assets and therefore are not avallable funds to spend for the charity. Six months, salary and running costs ar8 set aside in des5gnated funds. 19 Analysls of net assets betwean funds Unrestrlcled funds 2024 Rèstricted funds 2024 Total 2024 At 31 March 2024: Tanglble assets Current asselsl{118blliliesl 314,847 375,279 314,847 636,226 260.947 690,126 260,947 951,073 Unre5trl¢ted funds 2023 Restrlcted funds 2023 Total 2023 At 31 March 2023: Tangible assets Current asselsl{liabllltles) 355,184 508,619 355,184 767,746 259,127 863,803 259,127 1,122,930 20 Related party transactions There were no disclosable relaled party transactions during the year (2023- none)- 18-
- We confirm that we are not aware of any possible or actual instance of non-compliance with those laws and regulations which provide a legal framework within which the charity conducts its business and which could affect the financial statements. The charity has complied with all aspects of contractual agreements that could have a material effect on the financial statements in the event of non- compliance. We confirm that we have disclosed to you the identity of the entity's related parties and all related party relationships and transactions relevant to the charity that we are aware of, The charity has satisfactory title to all assets, and there are no liens or encumbrances on the assets except for those disclosed in the financial statements. 17. There are no liabilities, contingent liabilities or guarantees to third parties other than those disclosed in the fina ncial statements, We confirm to the best of our knowedge and belief thal the above representations are made on the basis of enquiries of management and staff with relevant knowledge and experience and, where appropriate, of inspection of supporting documentation sufficient to satisfy ourselves that we can properly make each of the above representations to you. Yours faithfully Signed on behalf of the board of directors by: I ftrtsl .ISignature) .. Me.fj.doL))...ITrustee) Date..... l?Iq / zy..... .. Date.......