Chaty reglstratlon number 1160899 Company reglstratlon number 09349513 (England and Walesl HEADWAY WEST LONDON LIMITED ANNUAL REPORT AND UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2023
HEADWAY WEST LONDON LIMITED LEGAL AND ADMINISTRATIVE INFORMATION Trustoès Mr EH Lassman MsLMLi Miss LJ Murphy KS lkinSOn Miss C Beazley (Appointed 1 January 20231 Charity number 1160899 Company number 09349513 Règlsterèd offlc• Panagram 27 Goswell Road London EC1M 7AJ Ind•p•nd•nt •xomln•r J¢rvis & Partners 30 Harborough Road Kingsthorpè Northampton NN2 7AZ
HEADWAY WEST LONDON LIMITED CONTENTS Page Tnjstees. feport Independent examiners report Statement of financjal activities Balance sheet Notes lo the fin8n¢ial stslemenls 6-12
HEADWAY WEST LONDON LIMITED TRUSTEES, REPORT (INCLUDING DIRECTORS, REPORT) FOR THE YEAR ENDED 31 DECEAIBER 2023 The trustees present their annual report and finanaal statements for the year ended 31 December 2023. The finanaal statements have been prepared in accordance with the accounbng poliaes set out in note 1 to the financial slaternents and cornpty with the charty's Igoveming dcMentI. the Companies Act 2006 and "Accounting and Reportin9 by Charities.. Stalement of Recommended practi applic3ble to charities preparing their account5 in accordance with th8 Financial Reportin9 Standard appli(sble in the UK and Republic of Ir818nd IFRS 1021" leffectjve 1 January 2019). Oblectlves and actlvltles We work with adutt traumab¢ brain survivors 118 and overl, their tsmilies and ¢8rws in West London 8$ Ihgy leave hospital and begin thèir rehabilrtation PrO$S & ensure vulnetable, isolated brain injured survivors do not fall through the net. Our airn is lo help them achieve their full polential by providing supporl. expert advice and signposting them to relevant services and also offer our own targeted training lo enable Ihem to improve their resilience, heatth and well -being. We hold o monthly support which 1$ b&in9 run by ouf part tim& link wort¢rs and volunteers. We have organvzed regular online training and information and educalion sessions and interactwe social and group activities for our benefiaaries including iheir Cars. We run 8 18r9eled health and wellbeing projects in addition lo other keep fil and swal 8divilies. Wtr Nn a monthly art group which all &n¢ourages our ben•'an&S lo rèconn¢cl with their communits'es. Our help has be6n partlculaty crucial to survivors and carers during the vital init181 stag8s of recovery and rehabilitation, including helping them overcome Ihe challenges in coping with their complex health. social and economic problerns and in combatting Ihe isolalionand vulnerability that is usualty experienced. If we cannot help. our link workers signpost lo olher organisations who n. We provide information via our website, newslett&rs, F8¢&book. insta9fam and our support 9roup$. Thè trustees have paid dve regard to guidance i$8ved by the Charity Commission in de¢iding what activitlttS the charity should undertake. Aehl•¥ém•nts and pèrfom)ane• Flnanclal Tevlew It is the policy of the chanty that unstricted funds which have nol been designated for a specific use should be maintained at a level equivalent to beNveen three and six month's expenditure. The trustees consi(Jer that reserves at this level will ensure thal, in the evenl of a significanl dfop in lunding. they will be able to continue the charity's current activities while Consideration 15 given to ways in which additional funds rnay be raised. This level of reserves h83 been maintsined throughout the ye•r. The trustees have assessed the major risks to which the charrty is exposed. and are satisfied that systems are In place to mrftigate exposure to the Ma1 risks.
HEADWAY WEST LONDON LIMITED TRUSTEES, REPORT (INCLUDING DIRECTORS, REPORT) (CONTINUED) FOR THE YEAR ENDED 31 DECEAIBER 2023 Struetur•. gov•mane• and manag•m•nt The trustees. who are also the directors for the purpose of cpanY law, and who served during the year and up to the date of signature of the financial Statements were". Mr EH Lassman Mrs CM Cahill Mrs CE Leech MSLMLI Miss LJ Murphy KS Imlkinson Miss C Beazley (Resigned 1 J8nu8ry 20231 (Resigned 1 January 20231 (Appointed 1 January 20231 The trustees. report was approved by the Board of Twstees. Ml88 LJ Murphy Trustee Dated.. 19 September 2024
HEADWAY WEST LONDON LIMITED INDEPENDENT EXAMINER'S REPORT TO THE TRUSTEES OF HEADWAY WEST LONDON LIMITED I report to the trustees on my examination of the financial statements of Headway West London Limited (the charity) lor the year ended 31 Decembw 2023. Responsibilities and basis of report As the trustees of the charity land also rts directors for the purposes of company lawl you are responsible for the preparation ol the financial statements in accordance with Ihe requirements ol the Companies Act 2006 (the 2006 Act). Having satisfied Myse that the financial statements of the charity 8re not required to be audited under Part 16 of the 2006 Act and are eligible lor independent 8xaminatM)n. I report in iesped of my examination of the charity's financial statèments carried out under section 145 of the Charities Act 2011 (the 2011 Act). In carrying out my examination I have followed all the applicable Dbrecknons given by the Charity CommiSn under section 14515llbl ol the 2011 Act. Independent examlnerf8 Statement I have completed my examination. I confim that no matters have come to my attention in connection with the examination giving me cause to believe thal in any material respect.. accounting records were nol kept in respect ol the ch8nty as required ty sedion 386 ofthtr 20Cfj Act,. or the financial statements do not accord with Ihose records.. or the finan¢i81 st8tem&nts do not ¢ompty wrth th¢ accounb.ng reqU1ments of se¢lK)n 396 of the 2006 Act other than any requirement that the accounts give a Irue and lair view which is not a matter considered as part of an independent examination., or the finan¢i81 slaternenls have nol been prepared in a¢¢ord8nce with Ihtr mtrthods and prinaples of Ihtr Slalemenl of Recommended Practi¢& for ac¢ounling ana reporting by ¢harrtie$ appli¢8bl¥ lo ¢h8ritie$ preparing their accounts in accordance wrth Ihe Finanual Reporting Standard applicable in the UK and Republic of Ireland IFRS 1021. I have no concerns and have come across no other matters in connection wilh the examination to which attention should be drawn in this report in order lo enable a proper understanding of the finanrial statements lo be reached. J•NI8 & Partn•r• 30 Harborough Road Kingsthorpe Northarnpton NN2 7A2 Dated.. 19 September 2024
HEADWAY WEST LONDON LIMITED STATEMENT OF FINANCIAL ACTIVITIES INCLUDING INCOME AND EXPENDITURE ACCOUNT FOR THE YEAR ENDED 31 DECEAIBER 2023 Unrestrlcted Restrlcted lunds funds 2023 2023 Total Unrestrlcted Restrlcted fund8 funds 2022 2022 Total 2023 2022 Notès Income from: Donations and legacies Charitable activities Investments 6,420 52 853 47.IXKI 53,420 52 853 10,009 20 32 26,000 36,009 20 32 Totsl Ineomè 7,325 47.IX 54.325 10.061 26.000 36,061 Expendlture on.. Raising funds Charitable activities 660 46.710 660 10.271 660 49,155 11.788 34.922 38.884 Total exp?ndltur• 12.448 34.922 47.370 10.931 38.884 49.815 N•t In¢om*ll•xp¢ndiiur•l 15,123} 12.078 6.955 18701 112,8841 113,7541 Transfers b&h¥•on funds 8,686 {8.686) 16871 Net movement In fund8 3.563 3,392 6.955 11831 113.5711 113,7541 Reconclllatlon of funds: Fund balances at 1 January 2023 44.485 25,066 69.551 44.668 38.637 83,305 Fund balances at 31 Oecernber 2023 48.048 28.458 76.506 44.485 25.066 69.551 The stalement of financial acb'vibes indudes all gains and hjsses recogni5ed in the year. All income and expenditure derive frorn continuing activities.
HEADWAY WEST LONDON LIMITED BALANCE SHEET AS AT 31 DECEMBER 2023 2023 2022 Notes Currènt ass•ts Cash at bank and in hand 77.843 72.256 Crèdltors.. arnounts falllng du• vAthln onè yèar 12 {1.33n 12.7051 Nèt eurr•nt a8sets 76,5C6 69,551 Thè funds of thè charlty Restricted incorne funds Unrestricted funds 14 15 28.458 48,048 25.066 44,485 76. 69,S51 Th¥ Company 1$ entitl¥d lo the exèmption from the audit requirement nI91n811 in $*¢tion 477 of th& Compgni¥$ A 2008, for the year ended 31 December 2023. The directors acknowledge their SponSibl11eS for JMplng wilh the requirements of the Companies Act 2006 with respect to accounting records and Ihe preparation ol finanryal statements. The members have not requirtsd the MpaThy lo obtain an audit of its finantyal $t8lemenl$ for the year in queslitsn in ac¢ordan¢e with section 476. These financial statements have been prep8red in accordance with the provisions applicable to companies subject to the small companies regime. The financial statements were approved by the trustees on 19 September 2024 Miss LJ Murphy Trustee Company reglstralion nUMr 09349513 (England and Wdlè$)
HEADWAY WEST LONDON LIMITED NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEAIBER 2023 Aecountlng pollel•s Charfty Snforniatlon Hea<Jway West London Limited is a private company limrted by guarantee incorporateil in Englan¢J and Vwdles. The registered office is Panagram, 27 Goswell Road, London, EC1M 7AJ. 1.1 Accounting convention The financial statements have been prepared in accordance wrth the charity's Igoveming documenti, thè Companies Act 2006, FRS 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland I"FRS 102.1 and the Charities SORP "Accounting and Reporting by Charities.. Statement of Recommended Practice applicable to charitS preparing Iheir accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic ol Ireland IFRS 1021. leffeclive 1 January 20191. The charity is 8 Public Benefit Entity as defined by FRS 102. The charity has taken advantage of the provision$ in the SORP for charities not to prepare a Statement of Cash Flows. The financial statements are prepared in steding. which is the funcb'onal oJThenry of the charity. Monetary arnounts in these financial statements are rounded lo the nearest £. The financial stslements have been prepared under the hi5tOriC81 cost convention. Imodffied lo include the rtrvalualion of freehold propèrti8$ and lo in¢lud& inv&$tmenl propèrties and ¢¥rtain fin8n¢ial in$lwm¢nls al fair valuel. Th8 principal accountin9 policies adopted are set oul bèlow. 1.2 Golng conc•m Al th8 lime of approving the finan¢i81 $talemenl$. th& tw$tees ha¥& a reasonable expe¢¢8lion Ih8t th¥ Charity has adèquatè r6$ources to ntinU0 in 0rational &xistanc8 for the forèseèable lulur&. Thus the Iwslo¥$ continuè to adopt the going concem basis ol accounling In preparing the finanaal statement$. 1.3 Chadtablè fund$ Unrestricted funds are available for use at the discretion of the tfusiees in luriherance of their charitable objective8. Restricted funds are subject to specffjc conditsons by donors or grantors as to how they may be used. The purposes and uses of the restricted lunds are set out in the notes to the financAal statements. Endowment fvnds are subject to specific conditions by donors that the capital must be maintained by the charity. 1.4 Incom• Income is recognised when the charity is legalty enlitled to it after any performance condilions have been rnel. the amount$ ¢8n be measured rèliabty, and it is probable that incom& will r¢¢&ived. Cash donations are recognised on receipt. Other donalions are recognised once the charty has been noty'fied of the donation. unless performance conditions require deferral of the amount. Income lax iecover3ble in relation to donations receNed under 01 deeds of covenant is iectsgnised at the time of the donation. Legacies are recognised on receipt or olherwise rf the chaiity has been nolified of an impending distribution. the arnount is known. and receipt is expeded. If the amounl is not known. the legacy is treated as a contingent asset.
HEADWAY WEST LONDON LIMITED NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 DECEAIBER 2023 Accounting policies (Continuedl Expenditure is reeognised onc£ there is a legal or construdive obligation to transfer economic benefit to a third party, rt is probable that a transfer of economic beneffts will be cequired in settlement, and the amount of the obligation can be measured reliabfy. Expenditure is dassrfied by activty. The costs of each activty a made up of the total of direct costs and shared costs. including support costs involved in undertaking each activity. Direct C05t5 attributsble to a single a¢tivity are allocated directy to that activity. ShaTed costs whith contribute to rnore than one activity and support costs which are not attributable to a single adivrty ale apportioned between those activities on a basis consistent with the use ol resources. Central staff costs are allocated on the basis ol time spent, and depreciation charges a allocated on the portion ol the assel's use. 1.5 Cash and eash oqulval•nts Cash and cash equivalent5 include cash in hand. dep05ts hehj at call with banks. other short-lerrn liquid investrnenls wrth ori9inal ma¢urities of three months or less, and bank ovtrrdrafts. Bank ovtrrdraft8 ar? shown wrthin borrowings in ¢urTent liabilrties. B•slc flnanclal •ss•ts Basic financial assets. vthich indude debtors and Cash and b8nk balances, 8re initialty mtrasured at Iran$8¢lion price including Ir8ns8¢tion ¢osl$ and are subsequentty ¢3rried 818morts.sed $1 usin9 the elfectiv& interèst method unlass the 8rrangèmenl eonstilutè$ a financing transaction, where the transaction is measured at the present value of the future receipls discounted at a market rate of interest. Finanaal assets classified as receivable within one year are not amortised. Baslc financial liabilltios Basic financial liabilities. indut1ing credrtors and bank loans afe init1a1 recognised at transaction prfce unless the arrangement constilules a finanung transaction. where the debt instrument is measured at the present value ol the future payments discounted at a market rate of inlerest. FinancAal liabilities classified as payable wrthin one year are not amortised. Debt in$lwm&nls are subSU&ntty ¢orried al •morti$¥d cost, using th$ ¥ff&ctiv& inlei$sl fate m¥lhod. Trade cr8dltors are obligations lo pay for gocwjs or services that have been acquired in the ordinary course of operations from suppliers. Amounts payable a dassified as current liabilrties if payment is due wthin one year or less. If not. they are presented as non•current liabilitses. Trade credrtors are recognised inits'ally at transacIn price and 5vbsequentty measured at amortised cost vsing the effeclNe interesl rnethod. Dere¢ognition of financi81 liJbilities Financial liabilities are derecognised vthen the charity's contractual obligations expire or are discharged or cancelled. 1.6 Ernployee benefits The cost of any unused holiday entAlement is recognised in the period in which the employee's seNS are ceived. Terrnin8tion benefits are rewgnised immediatety as an expense vthen the ch8rity is demonstrably cornmrtted to temiinate the employment of an empboyee 01 to provmle lemiinats.on beneffts. 1.7 Rètirement benèfits Payments to defined ¢x)ntribulion retirement benefft schemes are charged as an expense 8s they fall due.
HEADWAY WEST LONDON LIMITED NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 DECEAIBER 2023 ctIcal accounng •stlmat•s and ludg•mènts In the application of the charity's accouniing policies. the trustees are required to make judgements, estimates and assumpts'ons aboul the carying amount of asseis and liabilrties that are not readily apparent from other source5. The estirnates and as50¢iateil assumptions are based on historical experience and other factor5 that are considered to b8 relevant. Actual reSUS rnay drffei from Ihe5e estimates. The estimates and un¢Jertying assumptions afe reviewed on an ongoing basis. Revisions to accounting estimates are recognised in the period in which the estimale is revised where the revision affects only that period. or in the period of the revision and future periods where the revision affects both current and future periods. In¢om• from donatlons and l•gael Unre•trlet•d R•strlet funds lund¥ 2023 2023 Total Unrnstrlet•d RtrIcted fund$ funds 2022 2022 Total 2023 2022 Donatlon$ and grfl$ Grants 2,037 4.383 2.037 51.383 8.009 2.000 8,009 28,000 47.C 26.000 6,420 47,OCKI 53,420 10,009 26.000 36,009 Income trom charltable acllvttl Unre8trtcted fund$ 2023 Unr88trlcted fund8 2022 Headlng #ac989 Sale of goods 52 20 Income from Investment¥ Unrè8triet•d Unrestrictèd funds funds 2023 2022 Interest receivable 853 32
HEADWAY WEST LONDON LIMITED NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 DECEAIBER 2023 Exp•ndltur• on ralslng funds Unrestricted Unrestrlcted funds funds 2023 2022 Trading costs Support costs Expendltur• on charltsbl• actlvltl•8 Headlng
ac982
2023 Headlng
ac982
2022 Dlrnct costs staff $1$ Enter ac9(h8 in database Enter a¢907 in databas¥ Enter ac909 in d8tsbase Enter ac911 In database Enter ac912 in d8tsbase Enter ac913 in database Enter ae914 in datsbase Enter ac91 S in database Enter 8¢916 in datsbas¥ Enter ac918 in database Enter ac919 In database Other charitable expendrture 34,922 1,460 65 311 216 546 38,884 3,783 35 290 216 503 100 654 400 2,276 1.796 190 28 132 424 3,686 277 4,671 46,710 49,155 Analy818 by fund Unrestricted funds Restricted funds 11.788 34,922 10.271 38,884 46,710 49,155 Support eosts alloeat•d to aetiviti•s 2023 2022 Governance costs Analysed between.. Fundraising 660
HEADWAY WEST LONDON LIMITED NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 DECEAIBER 2023 Trust••s None of the tTUStees IOT any persons connected with them) receNed any remuneralion or benefits from the charity during the year. 10 Employees The avera9e monthfy number ol employees during the y¢arwas-. 2023 Numbèr 2022 Number Employment co•t8 2023 2022 Wages and salad&s Other pension costs 33,345 1,577 37,100 1.784 34,922 38,884 There were no employees whose annual remuneraln was more than £80.C(10. 11 Tax•tlon The charty Is exempt from taxation on Its actwlties b8cause all rts income Is applled for charitable purposes. 12 Cr•dltor8'. amounts lalllng du• wlthln on• year 2023 2022 Other taxation and social security Trade creditors Accruals and delerred income 116 561 660 824 1,221 660 1.337 2,705 13 Retlrement benefit schernes 2023 2022 D•fintd contribution sehtm•8 Charge to profit or loss in respect of defined contn"bub"on schemes 1,577 1,784 The charity operates a defined contributs.on pension scheme for all qualrfying empltsyees. The assets of the scheme are held separatety from those of the chartty in an independenlty administered fund. 10-
HEADWAY WEST LONDON LIMITED NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 DECEAIBER 2023 14 R•strfet•d funds The restricted funds of the charity comprise the unexpended balances of donations and grants held on trust Subject to specjfic condition5 by donors as to how they may be used. At 1 January 2023 Incomlng r•soure•s Resource$ èxpèndèd Transfers At31 Dèeèmb8r 2023 25,C 47.000 134,922) 18.6861 28,458 Pr¢vlou8 yg¥r= At 1 J•nuary 2022 Incomlng sour¢gs Resou¢ xpgndgd Trnn8for¥ A131 Do¢ombtr 2022 38,637 26.000 138,8841 16871 25,066 10 Unr$trl¢tod fund$ The unrestricted funds ol the charity comprise the unexpended balances of donations and grants which are not subject lo specific conditions by donors and grantors as to how they may be used. These include designated funds which have been set aside out of unrestricted funds by the injstees for specific purposes. At 1 January 2023 Incomlng Re8ource$ expended Trnn¥f•rn A131 De¢¥mber 2023 General fvnds 44.485 7.325 112.4481 8.686 48,048 Prevlous year: At 1 January 2022 Incomlng re¥ourc Resource$ expended Trnnsfer8 At31 December 2022 General funds 44.668 10.061 110.931} 687 44,485 16 Analysi¥ of net a8set8 between fund¥ Unrestrlcted funds 2023 Restrlcted funt1s 2023 Total 2023 At 31 Dècèmbèr 2023: Current 8ssetsllliabilrties 48.048 28.458 76.506 48.048 28.458 76.506
HEADWAY WEST LONDON LIMITED NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 DECEAIBER 2023 16 Analysis of net assets between funds (Continuedl Unr•strlet•d fund8 2022 Rèstrtctèd fund8 2022 Total 2022 At 31 December 2022: Current assetsllliabilitiesl 44.485 25.066 69,551 44.485 25,066 69,551 17 Related paity tran8actlon8 There were no disdosable related paty transactions during the year12022- none). 12_