Charity registration number 1160899 (England and Wales) Company registration number 09349513
HEADWAY WEST LONDON LIMITED
ANNUAL REPORT AND UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2024
HEADWAY WEST LONDON LIMITED
LEGAL AND ADMINISTRATIVE INFORMATION
Trustees
Mr EH Lassman Ms LM Li Miss LJ Murphy KS Wilkinson Miss C Beazley
Charity number (England and Wales) 1160899 Company number 09349513 Registered office Panagram 27 Goswell Road London EC1M 7AJ Independent examiner Jervis & Partners 30 Harborough Road Kingsthorpe Northampton NN2 7AZ
HEADWAY WEST LONDON LIMITED
CONTENTS
| Page | |
|---|---|
| Trustees' report | 1 - 2 |
| Independent examiner's report | 3 |
| Statement of financial activities | 4 |
| Balance sheet | 5 |
| Notes to the financial statements | 6 - 12 |
HEADWAY WEST LONDON LIMITED
TRUSTEES' REPORT (INCLUDING DIRECTORS' REPORT) FOR THE YEAR ENDED 31 DECEMBER 2024
The trustees present their annual report and financial statements for the year ended 31 December 2024.
The financial statements have been prepared in accordance with the accounting policies set out in note 1 to the financial statements and comply with the charity's governing document, the Companies Act 2006, FRS 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Charities SORP "Accounting and Reporting by Charities: Statement of Recommended Practice applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102)".
Objectives and activities
We work with adult traumatic brain survivors (18 and over), their families and carers in West London as they leave hospital and begin their rehabilitation process & ensure vulnerable, isolated brain injured survivors do not fall through the net.
Our aim is to help them achieve their full potential by providing support, expert advice and signposting them to relevant services and also offer our own targeted training to enable them to improve their resilience, health and well -being.
We hold a monthly support group which is being run by our two part time link workers and volunteers.
We have organized regular online training and information and education sessions and interactive social and group activities for our beneficiaries including their carers.
We run a targeted health and wellbeing project in addition to other keep fit and social activities. We run a monthly art group which all encourages our beneficiaries to reconnect with their communities.
Our help has been particularly crucial to survivors and carers during the vital initial stages of recovery and rehabilitation, including helping them overcome the challenges in coping with their complex health, social and economic problems and in combatting the isolation and vulnerability that is usually experienced. If we cannot help, our link workers signpost to other organisations who can.
We provide information via our website, newsletters, Facebook, instagram and our support groups.
The trustees have paid due regard to guidance issued by the Charity Commission in deciding what activities the charity should undertake.
Achievements and performance
Financial review
It is the policy of the charity that unrestricted funds which have not been designated for a specific use should be maintained at a level equivalent to between three and six month’s expenditure. The trustees consider that reserves at this level will ensure that, in the event of a significant drop in funding, they will be able to continue the charity’s current activities while consideration is given to ways in which additional funds may be raised. This level of reserves has been maintained throughout the year.
The trustees have assessed the major risks to which the charity is exposed, and are satisfied that systems are in place to mitigate exposure to the major risks.
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HEADWAY WEST LONDON LIMITED
TRUSTEES' REPORT (INCLUDING DIRECTORS' REPORT) (CONTINUED) FOR THE YEAR ENDED 31 DECEMBER 2024
Structure, governance and management
The trustees, who are also the directors for the purpose of company law, and who served during the year and up to the date of signature of the financial statements were:
Mr EH Lassman Ms LM Li Miss LJ Murphy KS Wilkinson Miss C Beazley
The trustees' report was approved by the Board of Trustees.
Miss LJ Murphy
Trustee Dated: 12 August 2025
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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) for the year ended 31 December 2024.
Responsibilities and basis of report
As the trustees of the charity (and also its directors for the purposes of company law), you are responsible for the preparation of the financial statements in accordance with the requirements of the Companies Act 2006.
Having satisfied myself that the financial statements of the charity are not required to be audited under Part 16 of the Companies Act 2006 and are eligible for independent examination, I report in respect of my examination of the charity’s financial statements carried out under section 145 of the Charities Act 2011. In carrying out my examination I have followed the Directions given by the Charity Commission under section 145(5)(b) of the Charities Act 2011.
Independent examiner's statement
I have completed my examination. I confirm that no matters have come to my attention in connection with the examination giving me cause to believe that in any material respect:
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1 accounting records were not kept in respect of the charity as required by section 386 of the Companies Act 2006.
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2 the financial statements do not accord with those records; or
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3 the financial statements do not comply with the accounting requirements of section 396 of the Companies Act 2006 other than any requirement that the financial statements give a true and fair view, which is not a matter considered as part of an independent examination; or
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4 the financial statements have not been prepared in accordance with the methods and principles of the Statement of Recommended Practice for accounting and reporting by charities applicable to charities preparing their financial statements in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102).
I have no concerns and have come across no other matters in connection with the examination to which attention should be drawn in this report in order to enable a proper understanding of the financial statements to be reached.
Jervis & Partners
30 Harborough Road Kingsthorpe Northampton NN2 7AZ 12 August 2025
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HEADWAY WEST LONDON LIMITED
STATEMENT OF FINANCIAL ACTIVITIES INCLUDING INCOME AND EXPENDITURE ACCOUNT
FOR THE YEAR ENDED 31 DECEMBER 2024
| Unrestricted Restricted Total Unrestricted Restricted funds funds funds funds 2024 2024 2024 2023 2023 Notes £ £ £ £ £ Income from: Donations and legacies 3 4,579 23,230 27,809 6,420 47,000 Charitable activities 4 - - - 52 - Investments 5 1,437 - 1,437 853 - Total income 6,016 23,230 29,246 7,325 47,000 Expenditure on: Raising funds 6 660 - 660 660 - Charitable activities 7 10,267 40,709 50,976 11,788 34,922 Total expenditure 10,927 40,709 51,636 12,448 34,922 Net income/(expenditure) (4,911) (17,479) (22,390) (5,123) 12,078 Transfers between funds (8,001) 8,001 - 8,686 (8,686) Net movement in funds (12,912) (9,478) (22,390) 3,563 3,392 Reconciliation of funds: Fund balances at 1 January 2024 48,048 28,458 76,506 44,485 25,066 Fund balances at 31 December 2024 35,136 18,980 54,116 48,048 28,458 |
Total 2023 £ 53,420 52 853 |
|---|---|
| 54,325 | |
| 660 46,710 |
|
| 47,370 | |
| 6,955 - |
|
| 6,955 69,551 |
|
| 76,506 |
The statement of financial activities includes all gains and losses recognised in the year. All income and expenditure derive from continuing activities.
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HEADWAY WEST LONDON LIMITED
BALANCE SHEET
AS AT 31 DECEMBER 2024
| Notes Current assets Debtors 12 Cash at bank and in hand Creditors: amounts falling due within one year 13 Net current assets The funds of the charity Restricted income funds 15 Unrestricted funds 16 |
2024 £ 3,210 53,132 56,342 (2,226) |
£ 54,116 18,980 35,136 54,116 |
2023 £ - 77,843 77,843 (1,337) |
£ 76,506 |
|---|---|---|---|---|
| 28,458 48,048 |
||||
| 76,506 |
The company is entitled to the exemption from the audit requirement contained in section 477 of the Companies Act 2006, for the year ended 31 December 2024.
The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.
The members have not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476.
These financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies regime.
The financial statements were approved by the trustees on 12 August 2025
Miss LJ Murphy
Trustee
Company registration number 09349513 (England and Wales)
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HEADWAY WEST LONDON LIMITED
NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2024
1 Accounting policies
Charity information
Headway West London Limited is a private company limited by guarantee incorporated in England and Wales. The registered office is Panagram, 27 Goswell Road, London, EC1M 7AJ.
1.1 Accounting convention
The financial statements have been prepared in accordance with the charity's governing document, the Companies Act 2006, FRS 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Charities SORP "Accounting and Reporting by Charities: Statement of Recommended Practice applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102)". The charity is a Public Benefit Entity as defined by FRS 102.
The charity has taken advantage of the provisions in the SORP for charities not to prepare a statement of cash flows.
The financial statements are prepared in sterling, which is the functional currency of the charity. Monetary amounts in these financial statements are rounded to the nearest £.
The financial statements have been prepared under the historical cost convention, [modified to include the revaluation of freehold properties and to include investment properties and certain financial instruments at fair value]. The principal accounting policies adopted are set out below.
1.2 Going concern
At the time of approving the financial statements, the trustees have a reasonable expectation that the charity has adequate resources to continue in operational existence for the foreseeable future. Thus the trustees continue to adopt the going concern basis of accounting in preparing the financial statements.
1.3 Charitable funds
Unrestricted funds are available for use at the discretion of the trustees in furtherance of their charitable objectives.
Restricted funds are subject to specific conditions by donors or grantors as to how they may be used. The purposes and uses of the restricted funds are set out in the notes to the financial statements.
Endowment funds are subject to specific conditions by donors that the capital must be maintained by the charity.
1.4 Income
Income is recognised when the charity is legally entitled to it 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 donations are recognised once the charity has been notified of the donation, unless performance conditions require deferral of the amount. Income tax recoverable in relation to donations received under Gift Aid or deeds of covenant is recognised at the time of the donation.
Legacies are recognised on receipt or otherwise if the charity 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 as a contingent asset.
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HEADWAY WEST LONDON LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 DECEMBER 2024
1 Accounting policies
(Continued)
Expenditure is recognised once there is a legal or constructive obligation to transfer economic benefit to a third party, it is probable that a transfer of economic benefits will be required in settlement, and the amount of the obligation can be measured reliably.
Expenditure is classified by activity. The costs of each activity are made up of the total of direct costs and shared costs, including support costs involved in undertaking each activity. Direct costs attributable to a single activity are allocated directly to that activity. Shared costs which contribute to more than one activity and support costs which are not attributable to a single activity are apportioned between those activities on a basis consistent with the use of resources. Central staff costs are allocated on the basis of time spent, and depreciation charges are allocated on the portion of the asset’s use.
1.5 Cash and cash equivalents
Cash and cash equivalents include cash in hand, deposits held at call with banks, other short-term liquid investments with original maturities of three months or less, and bank overdrafts. Bank overdrafts are shown within borrowings in current liabilities.
1.6 Financial instruments
The charity has elected to apply the provisions of Section 11 ‘Basic Financial Instruments’ and Section 12 ‘Other Financial Instruments Issues’ of FRS 102 to all of its financial instruments.
Financial instruments are recognised in the charity's balance sheet when the charity becomes party to the contractual provisions of the instrument.
Financial assets and liabilities are offset, with the net amounts presented in the financial statements, when there is a legally enforceable right to set off the recognised amounts and there is an intention to settle on a net basis or to realise the asset and settle the liability simultaneously.
Basic financial assets
Basic financial assets, which include debtors and cash and bank balances, are initially measured at transaction price including transaction costs and are subsequently carried at amortised cost using the effective interest method unless the arrangement constitutes a financing transaction, where the transaction is measured at the present value of the future receipts discounted at a market rate of interest. Financial assets classified as receivable within one year are not amortised.
Basic financial liabilities
Basic financial liabilities, including creditors and bank loans are initially recognised at transaction price unless the arrangement constitutes a financing transaction, where the debt instrument is measured at the present value of the future payments discounted at a market rate of interest. Financial liabilities classified as payable within one year are not amortised.
Debt instruments are subsequently carried at amortised cost, using the effective interest rate method.
Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of operations from suppliers. Amounts payable are classified as current liabilities if payment is due within one year or less. If not, they are presented as non-current liabilities. Trade creditors are recognised initially at transaction price and subsequently measured at amortised cost using the effective interest method.
Derecognition of financial liabilities
Financial liabilities are derecognised when the charity’s contractual obligations expire or are discharged or cancelled.
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HEADWAY WEST LONDON LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 DECEMBER 2024
1 Accounting policies
(Continued)
1.7 Employee benefits
The cost of any unused holiday entitlement is recognised in the period in which the employee’s services are received.
Termination benefits are recognised immediately as an expense when the charity is demonstrably committed to terminate the employment of an employee or to provide termination benefits.
1.8 Retirement benefits
Payments to defined contribution retirement benefit schemes are charged as an expense as they fall due.
2 Critical accounting estimates and judgements
In the application of the charity’s accounting policies, the trustees are required to make judgements, estimates and assumptions about the carrying amount of assets and liabilities that are not readily apparent from other sources. The estimates and associated assumptions are based on historical experience and other factors that are considered to be relevant. Actual results may differ from these estimates.
The estimates and underlying assumptions are reviewed on an ongoing basis. Revisions to accounting estimates are recognised in the period in which the estimate 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.
3 Income from donations and legacies
| Unrestricted Restricted funds funds 2024 2024 £ £ Donations and gifts 2,079 - Grants 2,500 23,230 4,579 23,230 |
Total Unrestricted Restricted funds funds 2024 2023 2023 £ £ £ 2,079 2,037 - 25,730 4,383 47,000 27,809 6,420 47,000 |
Total 2023 £ 2,037 51,383 |
|---|---|---|
| 53,420 |
4 Income from charitable activities
| Unrestricted | Unrestricted | |
|---|---|---|
| funds | funds | |
| 2024 | 2023 | |
| £ | £ | |
| Other activities | ||
| Sale of goods | - | 52 |
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HEADWAY WEST LONDON LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 DECEMBER 2024
5 Income from investments
| Unrestricted | Unrestricted | |
|---|---|---|
| funds | funds | |
| 2024 | 2023 | |
| £ | £ | |
| Interest receivable | 1,437 | 853 |
- 6 Expenditure on raising funds
| Unrestricted | Unrestricted | |
|---|---|---|
| funds | funds | |
| 2024 | 2023 | |
| £ | £ | |
| Trading costs | ||
| Support costs | 660 | 660 |
- 7 Expenditure on charitable activities
| Charitable | Charitable | |
|---|---|---|
| activities | activities | |
| 2024 | 2023 | |
| £ | £ | |
| Direct costs | ||
| Staff costs | 40,709 | 34,922 |
| Computer costs | 1,899 | 1,460 |
| Secreteriat | - | 65 |
| Sundry expenses | 99 | - |
| Mobile phone | 150 | 311 |
| Collection costs | 216 | 216 |
| Fees | 537 | 546 |
| Training | 200 | 132 |
| Insurance | 1,057 | 424 |
| Reactivate fees | 2,403 | 3,686 |
| Events and room hire | 204 | 277 |
| Other charitable expenditure | 3,502 | 4,671 |
| 50,976 | 46,710 | |
| Analysis by fund | ||
| Unrestricted funds | 10,267 | 11,788 |
| Restricted funds | 40,709 | 34,922 |
| 50,976 | 46,710 |
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HEADWAY WEST LONDON LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 DECEMBER 2024
8 Support costs allocated to activities
| Governance costs Analysed between: Fundraising |
2024 £ 660 660 |
2023 £ 660 |
|---|---|---|
| 660 |
9 Trustees
None of the trustees (or any persons connected with them) received any remuneration or benefits from the charity during the year.
10 Employees
The average monthly number of employees during the year was:
| 2024 | 2023 | |
|---|---|---|
| Number | Number | |
| 3 | 3 | |
| Employment costs | 2024 | 2023 |
| £ | £ | |
| Wages and salaries | 39,791 | 33,345 |
| Other pension costs | 918 | 1,577 |
| 40,709 | 34,922 |
There were no employees whose annual remuneration was more than £60,000.
11 Taxation
The charity is exempt from taxation on its activities because all its income is applied for charitable purposes.
12 Debtors
| Debtors | ||
|---|---|---|
| 2024 | 2023 | |
| Amounts falling due within one year: | £ | £ |
| Prepayments and accrued income | 3,210 | - |
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HEADWAY WEST LONDON LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 DECEMBER 2024
13 Creditors: amounts falling due within one year
| 13 Creditors: amounts falling due within one year |
||
|---|---|---|
| Other taxation and social security Trade creditors Accruals and deferred income 14 Retirement benefit schemes Defined contribution schemes Charge to profit or loss in respect of defined contribution schemes |
2024 £ 345 1,221 660 2,226 2024 £ 918 |
2023 £ 116 561 660 |
| 1,337 | ||
| 2023 £ 1,577 |
The charity operates a defined contribution pension scheme for all qualifying employees. The assets of the scheme are held separately from those of the charity in an independently administered fund.
15 Restricted funds
The restricted funds of the charity comprise the unexpended balances of donations and grants held on trust subject to specific conditions by donors as to how they may be used.
| At | 1 | January | Incoming | Resources | Transfers | At 31 | |
|---|---|---|---|---|---|---|---|
| 2024 | resources | expended | December | ||||
| 2024 | |||||||
| £ | £ | £ | £ | £ | |||
| 28,458 | 23,230 | (40,709) | 8,001 | 18,980 | |||
| Previous year: | At | 1 | January | Incoming | Resources | Transfers | At 31 |
| 2023 | resources | expended | December | ||||
| 2023 | |||||||
| £ | £ | £ | £ | £ | |||
| 25,066 | 47,000 | (34,922) | (8,686) | 28,458 |
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HEADWAY WEST LONDON LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 DECEMBER 2024
16 Unrestricted funds
The unrestricted funds of the charity comprise the unexpended balances of donations and grants which are not subject to 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 trustees for specific purposes.
| At 1 January | Incoming | Resources | Transfers | At 31 | |
|---|---|---|---|---|---|
| 2024 | resources | expended | December | ||
| 2024 | |||||
| £ | £ | £ | £ | £ | |
| General funds | 48,048 | 6,016 | (10,927) | (8,001) | 35,136 |
| Previous year: | At 1 January | Incoming | Resources | Transfers | At 31 |
| 2023 | resources | expended | December | ||
| 2023 | |||||
| £ | £ | £ | £ | £ | |
| General funds | 44,485 | 7,325 | (12,448) | 8,686 | 48,048 |
17 Analysis of net assets between funds
| Unrestricted Restricted funds funds 2024 2024 £ £ At 31 December 2024: Current assets/(liabilities) 35,136 18,980 35,136 18,980 Unrestricted Restricted funds funds 2023 2023 £ £ At 31 December 2023: Current assets/(liabilities) 48,048 28,458 48,048 28,458 |
Total 2024 £ 54,116 |
|---|---|
| 54,116 | |
| Total 2023 £ 76,506 |
|
| 76,506 |
18 Related party transactions
There were no disclosable related party transactions during the year (2023 - none).
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