Charity registration number: 1208959
HEADGYM FOUNDATION TRUSTEES' REPORT AND UNAUDITED FINANCIAL STATEMENTS FOR THE PERIOD 3 JULY 2024 TO 31 JULY 2025
SAS Accountant Limited T/A OJW Associates
Doc ID: faf7841f3011c4c80ef5692863cf2a4963dacb34
Headgym Foundation Contents
| Page | |
|---|---|
| Trustees' Report | 1—2 |
| Independent Examiner's Report | 3 |
| Statement of Financial Activities | 4 |
| Statement of Financial Position | 5 |
| Notes to the Financial Statements | 6—8 |
| The following pages do not form part of the statutory accounts: | |
| Detailed Statement of Financial Activities | 9 |
Doc ID: faf7841f3011c4c80ef5692863cf2a4963dacb34
Headgym Foundation Trustees' Report For the Period 3 July 2024 to 31 July 2025
The trustees present their report and the financial statements for the period ended 31 July 2025.
Objectives and Activities
Aims and Objectives
The object of HeadGym Foundation is to promote and protect the mental health of young people in the United Kingdom and Cambodia.
This is achieved through delivering workshops, producing resources, providing 1-1 support, raising awareness, and supporting access to services.
Financial Review
Financial Position
Total income: £40,200 Total expenditure: £1,832 Net income: £38,368 Closing funds: £38,368 Restricted funds: £36,468 Unrestricted funds: £1,900
The charity has completed its first financial period in a strong position. It holds total funds of £38,368 with minimal liabilities (£700). Financial controls and oversight are in place. C McCann Treasurer
Structure, Governance and Management
Governing Document
HeadGym Foundation is a Charitable Incorporated Organisation (CIO)
Reference and Administrative Details
Trustees
Mrs Sara Bardell (appointed 03/07/2024) Mrs Jane Preece (appointed 03/07/2024) Mr Neil Ordish - Chairman (appointed 03/07/2024) Mr Christopher McCann - Treasurer (appointed 03/07/2024)
Charity Number
1208959
Independent Examiner
Gareth Francis Wood MAAT SAS Accountant Limited T/A OJW Associates 16 Hennals Avenue Redditch B97 5RX
Page 1
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Headgym Foundation Trustees' Report (continued) For the Period 3 July 2024 to 31 July 2025
Other Information
Chairmans Report
The past year has marked the establishment and early growth of HeadGym Foundation. Formed in July 2024, the charity was created in response to the increasing need for accessible, practical mental health support for young people both in the United Kingdom and internationally.
Across the UK and Cambodia, we are seeing a continued rise in anxiety, low mood, and emotional distress among young people. Services are stretched, waiting times remain high, and many young people are left without timely support. SEND provision in schools in the UK is stretched and the need for support is growing at pace.
During this initial period, the Foundation has successfully begun building its presence, securing funding and laying the groundwork for delivery. Through donations and grants, we have generated £40,200 in income. This initial period was about planning and structuring support over the next 12 months for UK projects. 2026 and onward will focus on securing fund for Cambodia projects.
This progress would not have been possible without the commitment of our trustees, supporters, and partners.
The trustees' report was approved by the board of trustees and signed on its behalf by:
Mr Neil Ordish
Trustee 24/04/2026
Page 2
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Headgym Foundation Independent Examiner's Report to the Trustees of Headgym Foundation For the Period 3 July 2024 to 31 July 2025
I report to the trustees on my examination of the accounts of Headgym Foundation (the Trust) for the period ended 31 July 2025.
Responsibilities and Basis of Report
As the charity trustees of the Trust you are responsible for the preparation of the accounts in accordance with the requirements of the Charities Act 2011 (“the Act”).
I report in respect of my examination of the Trust’s accounts carried out under section 145 of the 2011 Act and in carrying out my examination, I have followed the applicable Directions given by the Charity Commission under section 145(5)(b) of the Act.
Independent Examiner's Statement
I have completed my examination. I confirm that no material matters have come to my attention in connection with the examination giving me cause to believe that in any material respect:
-
accounting records were not kept in respect of the Trust as required by section 130 of the Act; or
-
the accounts do not accord with those records; or
-
the accounts do not comply with the applicable requirements concerning the form and contents of accounts set out in the Charities (Accounts and Reports) Regulations 2008 other than any requirement that the accounts give a 'true and fair view' which is not a matter considered as part of an independent examination.
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 accounts to be reached.
Gareth Francis Wood MAAT 24/04/2026 16 Hennals Avenue Redditch B97 5RX
Page 3
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Headgym Foundation Statement of Financial Activities For the Period 3 July 2024 to 31 July 2025
| Notes INCOME AND ENDOWMENTS FROM: Donations and legacies 3 EXPENDITURE ON: Raising funds 4 NET INCOME NET MOVEMENT IN FUNDS RECONCILIATION OF FUNDS: Total funds brought forward TOTAL FUNDS CARRIED FORWARD 9 |
Unrestricted funds £ 2,500 |
Restricted funds £ 37,700 |
31 July 2025 Total funds £ 40,200 |
|---|---|---|---|
| (600) | (1,232) | (1,832) | |
| 1,900 | 36,468 | 38,368 | |
| 1,900 - |
36,468 - |
38,368 - |
|
| 1,900 | 36,468 | 38,368 |
The notes on pages 6 to 8 form part of these financial statements.
Page 4
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Headgym Foundation Statement of Financial Position As At 31 July 2025
| Notes CURRENT ASSETS Cash at bank and in hand Creditors: Amounts Falling Due Within One Year 7 NET CURRENT ASSETS (LIABILITIES) TOTAL ASSETS LESS CURRENT LIABILITIES NET ASSETS FUNDS OF THE CHARITY Restricted Funds Unrestricted Funds TOTAL FUNDS 9 On behalf of the board |
Unrestricted funds £ 2,600 |
Restricted funds £ 36,468 |
31 July 2025 Total funds £ 39,068 |
|---|---|---|---|
| 2,600 (700) |
36,468 - |
39,068 (700) |
|
| 1,900 | 36,468 | 38,368 | |
| 1,900 | 36,468 | 38,368 | |
| 1,900 | 36,468 | 38,368 | |
| 36,468 1,900 |
|||
| 38,368 | |||
Mr Neil Ordish Trustee 24/04/2026
The notes on pages 6 to 8 form part of these financial statements.
Page 5
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Headgym Foundation Notes to the Financial Statements For the Period 3 July 2024 to 31 July 2025
1. General Information
Headgym Foundation is a charitable incorporated organisation registered with the Charity Commission, registered charity number 1208959. The principal address is .
2. Accounting Policies
2.1. Basis of Preparation of Financial Statements
The financial statements have been prepared in accordance with the Charities SORP (FRS 102) "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) (effective 1 January 2019)", Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Charities Act 2011.
The charity is a Public Benefit Entity as defined by FRS 102.
2.2. Incoming Resources
Recognition of income
Income is recognised when the charity has entitlement to the funds, it is probable that the income will be received, and the amount can be measured reliably.
Donations and gifts
Voluntary income, including donations and gifts, is recognised when receivable. Where donations are subject to conditions requiring a specified level of performance before entitlement is obtained, income is deferred until those conditions are met.
Gift Aid
Income tax recoverable in relation to donations received under the Gift Aid scheme is recognised at the time the donation is recognised, provided that there is sufficient evidence of entitlement.
Grants
Grants are recognised when the charity has entitlement to the funds and any performance-related conditions have been met. Where grants are received in advance of meeting such conditions, they are deferred and recognised in income when the conditions are satisfied.
Charitable activities income
Income from charitable activities, including workshops, training, and events, is recognised when the related service has been provided.
Other trading income
Income from trading activities is recognised when the goods or services are supplied to the customer.
Investment income
Investment income, including interest, is recognised on a receivable basis.
Deferred income
Income received in advance of entitlement or performance is included in creditors as deferred income and released to income in the period in which the entitlement criteria are met.
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Headgym Foundation Notes to the Financial Statements (continued) For the Period 3 July 2024 to 31 July 2025
2.3. Resources Expended
Recognition of expenditure
Expenditure is recognised once there is a legal or constructive obligation to make a payment, it is probable that settlement will be required, and the amount can be measured reliably.
Charitable activities
Expenditure on charitable activities includes all costs incurred in delivering the charity’s objectives, including workshop delivery, educational events, production and distribution of materials, and direct support provided to beneficiaries. These costs include both direct costs and an appropriate allocation of support costs.
Support costs
Support costs include costs incurred in supporting the charitable activities of the charity, including administration, office costs, governance support, and staff costs where applicable. These costs are allocated to charitable activities on a basis consistent with the use of resources, typically time spent or usage.
Governance costs
Governance costs include those costs associated with the governance arrangements of the charity. These include independent examination or audit fees, legal advice for trustees, and costs associated with meeting statutory and constitutional requirements.
2.4. Cash and Cash Equivalents
Cash and cash equivalents are basic financial assets and include cash in hand and deposits held at call with banks, other short-term highly liquid investments that mature in no more than three months from the date of acquisition and are readily convertible to a known amount of cash with insignificant risk of change in value, and bank overdrafts.
3. Income from Donations and Legacies
| Donations and gifts Grants 4. Analysis of Expenditure Raising funds 5. Support Costs General administration |
Unrestricted funds £ 2,500 - |
Restricted funds £ - 37,700 |
31 July 2025 Total funds £ 2,500 37,700 |
|---|---|---|---|
| 2,500 | 37,700 | 40,200 | |
| Activities undertaken directly £ 1,001 |
Support costs (see note 5) £ 831 |
31 July 2025 Total £ 1,832 |
|
| 31 July 2025 Raising funds £ 831 |
6. Average Number of Employees
Average number of employees during the period was: 4
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Headgym Foundation Notes to the Financial Statements (continued) For the Period 3 July 2024 to 31 July 2025
- Creditors: Amounts Falling Due Within One Year
| Other loans Accruals and deferred income 8. Loans An analysis of the maturity of loans is given below: Amounts falling due within one year or on demand: Other loans 9. Movement in Funds Unrestricted funds General: General unrestricted fund Restricted funds The Global Fund A4A Total restricted funds Total funds |
As at 3 July 2024 £ - - - |
Income £ 2,500 18,000 19,700 |
Expenditure £ (600) (1,232) - |
31 July 2025 £ 100 600 |
|---|---|---|---|---|
| 700 | ||||
| 31 July 2025 £ 100 |
||||
| As at 31 July 2025 £ 1,900 16,768 19,700 |
||||
| - | 37,700 | (1,232) | 36,468 | |
| - | 40,200 | (1,832) | 38,368 |
- Transactions with Trustees
No trustee expenses have been incurred.
- Related Party Disclosures
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Headgym Foundation Detailed Statement of Financial Activities For the Period 3 July 2024 to 31 July 2025
| INCOME AND ENDOWMENTS FROM: Donations and legacies Donations and gifts Grants EXPENDITURE ON: Raising funds Consultancy fees Printing, postage and stationery Accountancy fees Professional fees NET INCOME |
31 July 2025 Total funds £ 2,500 37,700 |
|---|---|
| 40,200 | |
| 40,200 (1,001) (20) (600) (211) |
|
| (1,832) | |
| (1,832) | |
| 38,368 |
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