## _**HEADWAY COTSWOLD TRUST LIMITED**_
## _**ANNUAL REPORT**_
## _**and**_
## _**ACCOUNTS 2021**_
Headway Cotswold Trust Limited – For the benefit of those with acquired brain injury and their carers in Gloucestershire
## _**A Company Limited by Guarantee. Registered in England No 2274966.**_
## _**Registered Charity No. 299805**_
Affiliated to Headway UK – National Head Injuries Association
1
## _**NOTICE OF ANNUAL GENERAL MEETING TO BE HELD ON**_
## **THURSDAY 8 SEPTEMBER 2022 AT 3.00pm**
## **AT HEADWAY HOUSE, GREAT WESTERN ROAD, GLOUCESTER GL1 3EP**
## _**AGENDA**_
- **1 Apologies for absence**
- **2 Minutes of last A.G.M. – 8[th] September 2021**
- **3 Trustee’s Report**
- **4 To receive the Accounts of the Company for the year ended 31[st] December 2021, the Directors’ Report and the report of the Independent Examiner.**
- **5 Election of Management Committee**
- **6 Any other business**
## **C B JOHNSON Company Secretary**
## **22[nd] July 2022**
A member entitled to attend and vote at the meeting is entitled to appoint a proxy to attend and vote in their place. Such proxy need not be a Member of the Company.
2
## **COMPANY INFORMATION**
**DIRECTORS** E Cumes F Cranmore P Davies C B Johnson P Lonsdale H Osborne **SECRETARY** C B Johnson **REGISTERED OFFICE** Headway House Great Western Road GLOUCESTER GL1 3EP **COMPANY REGISTRATION NUMBER** 2274966 **REGISTERED CHARITY NUMBER** 299805 **INDEPENDENT EXAMINER** Simon Gill 7 Poppy Meadow Close Witcombe Gloucester GL3 4XG
3
## **MINUITES FROM THE LAST AGM 8th SEPTEMBER 2021**
Minutes of the Annual General Meeting held electronically via Zoom on 8 September 2021.
**Present** Christopher Johnson – in the Chair Fiona Cranmore Peter Davies Pauline Lonsdale Hilary Osborne
## **Apologies for absence**
Liz Cumes
Ali Hendley, Chief Executive – Headway Gloucestershire
## **Minutes of the 24 November 2020 annual meeting**
The minutes were approved.
## **Trustees report**
Christopher Johnson introduced the written report. 2020 had been one of the most challenging that Headway has faced, as the coronavirus pandemic forced the suspension of face-to-face services for much of the year. The Trustees are profoundly grateful to our staff for their commitment and resilience, including those who were furloughed, and to our local authority and NHS commissioners for their continued support. The report was received.
## **Chief Executive Officer’s report**
Hilary Osborne introduced Ali Hendley’s comprehensive report, which gave details of how remote services were introduced and new services offered to meet the changing needs of survivors and families. Experience from the pandemic has enriched understanding of the unique challenges faced by each survivor. Volunteers made a valuable contribution. Recovery plans will build on the digital platforms that have been developed, but acknowledging their limitations. The report was received with thanks to Ali for her hard work and that of the team throughout the year.
## **Directors’ report and Financial Statements**
Pauline Lonsdale presented the directors’ report and financial reports. She explained that the year-end position was satisfactory overall, and the position remarkably stable given the circumstances of 2020 – a deficit of £ 11,707 compared with £ 22,704 in 2019. Some anticipated costs were not incurred because of the pandemic, and extra grants were received. She had expected a worse outcome. There had been insignificant drawings on reserves. It was a great credit to Ali that resources had been managed so effectively.
4
Pauline added that special thanks should be recorded and given to Simon Gill for his work as independent examiner of the accounts, for which he had not accepted a fee.
The financial reports and statements were accepted with thanks to Pauline and Simon.
## **Election of Management Committee**
It was proposed by Christopher Johnson, seconded by Peter Davies and resolved by the meeting that the existing directors be re-appointed as follows:- E Cumes, F Cranmore, P Davies, C B Johnson, P Lonsdale and H Osborne.
## **Other business**
There was no other business and the meeting closed.
5
## **REPORT OF THE DIRECTORS**
The Directors present their report with the financial statements of the company for the year ended 31st December 2021.
## _**COMPANY STATUS**_
The company is limited by guarantee and has no share capital. Each member undertakes to contribute up to £1 if, on winding up, the company has a deficit. The company is a registered charity under the Charities Act.
## _**PRINCIPAL ACTIVITY**_
The principal activity of the company in the year under review was that of the relief of persons who have suffered acquired brain injury through illness or accident, and their families and dependants, who are in need.
## _**DIRECTORS**_
The directors of the company in office during the year were as follows:-
E Cumes C B Johnson F Cranmore P Lonsdale P Davies H Osborne
**SECRETARY** C B Johnson
This report has been prepared in accordance with the special provisions of part VII of the Companies Act 1985 relating to small companies.
## **ON BEHALF OF THE BOARD**
C B Johnson – Secretary
Dated 22 July 2022
6
## **TRUSTEES’ ANNUAL REPORT**
The Trustees have pleasure in presenting their report and the unaudited financial statements of the charity for the year ended 31 December 2021.
## **Organisation**
We are an independent charity, operating under the name Headway Gloucestershire, and affiliated to Headway UK from whom advice is available if required and whose standards we follow in all our activities. The Trustees who meet bi-monthly set the strategic policies of the charity. The day-to-day management is delegated to our 11 members of staff who in turn are assisted by around 7 volunteers.
## **Review of activities**
We are committed to making a positive change in the lives of people with a brain injury, their families and carers by providing help, information and ongoing support. The charity is principally engaged in the running of a day centre at Headway House in Gloucester providing cognitive rehabilitation and support for clients with brain injuries, their families and carers.
In the past year we have concentrated mainly on delivery of our core services, the Enablement Service and Individual Support for brain injury survivors and their families. It has been a challenging year, as owing to the coronavirus pandemic many of the services we offer had to be provided remotely. We are grateful for the support of our local authority and NHS commissioners who have continued to experience significant budgetary pressures over this period, and we have ongoing discussions with them about neurology services in Gloucestershire and the needs of survivors.
The Trustees thank our dedicated staff and volunteers for their commitment and resilience through this difficult period, making an immeasurable contribution to the success of Headway Gloucestershire throughout 2021. We also wish to thank the many individuals and organisations who have contributed financially to the success of the charity this year.
## **Risk assessment**
The Trustees regularly seek to identify and review the major risks to which the charity might be exposed. The systems required and actions necessary to mitigate those risks have been implemented where appropriate.
Approved by the Trustees
C B Johnson (Secretary) 22 July 2022
7
## **STATEMENT OF FINANCIAL ACTIVITIES**
for the Year ended 31st December 2021
||**NOTE**
**RESTRICTED**
**DESIGNATE**
**UNRESTRICTED**
**TOTALS**
**FUNDS**
**FUNDS**
**FUNDS**
**2021**|**NOTE**
**RESTRICTED**
**DESIGNATE**
**UNRESTRICTED**
**TOTALS**
**FUNDS**
**FUNDS**
**FUNDS**
**2021**|**NOTE**
**RESTRICTED**
**DESIGNATE**
**UNRESTRICTED**
**TOTALS**
**FUNDS**
**FUNDS**
**FUNDS**
**2021**|**NOTE**
**RESTRICTED**
**DESIGNATE**
**UNRESTRICTED**
**TOTALS**
**FUNDS**
**FUNDS**
**FUNDS**
**2021**|**TOTALS**
**2020**|
|---|---|---|---|---|---|
||Incoming Resources
Attenders fees and funding
Fund raising and donations
Restricted fund donations and
grants
Gift aid recovered
Grants
Members subscriptions
Interest received
**2**|**£**
-
-
-
-
-
-
-|**£**
-
-
-
-
-
-
-|**£**
**£**
190,684
190,684
19,014
19,014
-
-
-
-
53,344
53,344
-
-
477
477|**£**
184,966
22,127
-
832
16,640
10
1,218|
||Total incomingresources|-|-
|263,519
263,519|225,793|
||**Charitable Expenditure**
Restricted funds expenditure
Direct costs
Support costs
Administration|-
-
-
-|-
-
-
-
|-
-
201,468
201,468
24,087
24,087
22,456
22,456|-
194,926
18,708
22,297|
||Total Charitable
Expenditure|**-**|**-**
|**248,011**
**248,011**|**235,931**|
||Net Income/(Expenditure) for
the year
**1**
Unrealised Gain/(Loss) on
Investments|-
-|-
-|15,509
15,509
3,059
3,059|- 10,138
- 1,569|
||NET MOVEMENT IN
FUNDS|**-**|**-**
|**18,568**
**18,568**|**- 11,707**|
||FUND BALANCES AT
1ST JANUARY 2021|14,200 35,000||201,856 251,056|262,763|
||FUND BALANCES AT
31ST DECEMBER 2021
**4**
|**14,200 35,000**||**220,424 269,624**|**251,056**|
8
|BALANCE SHEET||**2021**||**2020**|
|---|---|---|---|---|
|**as at 31st December 2021**||**£**||**£**|
|**FIXED ASSETS**|||||
|Freehold Property||576,771||576,771|
|Fixtures & Fittings|**5**|12,376||12,558|
|**TOTAL FIXED ASSETS**||**589,147**||**589,329**|
|**CURRENT ASSETS**|||||
|Debtors and Prepayments|**6**|46,916||39,520|
|Investment in CAF Equity Fund|**7**|26,549||23,491|
|Cash at Bank and in Hand -|||||
|Designated Funds|**4**|35,000||35,000|
|Restricted Funds|**4**|7,990||20,990|
|Unrestricted Funds||135,408||128,934|
|**TOTAL CURRENT ASSETS**||**251,863**||**247,935**|
|**CREDITORS**|||||
|Amounts falling due within one|||||
|year|**8**|13,080||14,901|
|**NET ASSETS**||**827,930**||**822,363**|
|**CREDITORS**|||||
|Amounts falling due more than|||||
|one year|**9**|**150,000**||**150,000**|
|**NET ASSETS**||**677,930**||**672,363**|
|**FUND BALANCES**|||||
|Capital Reserves||413,908||413,908|
|Designated||35,000||35,000|
|Restricted|**4**|7,990||20,990|
|Unrestricted||221,032||202,465|
|**_TOTAL FUND BALANCES_**||**677,930**||**672,363**|
9
For the year ending 31 December 2021 the company was entitled to exemption from audit under Section 477 of the Companies Act 2006. The members have not required the company to obtain an audit in accordance with Section 476 of the Companies Act 2006. The directors acknowledge their responsibility for complying with the requirements of the Act with respect to accounting records and for the preparation of accounts. The accounts have been delivered in accordance with the provisions applicable to companies subject to the small companies regime.
## _**ON BEHALF OF THE BOARD**_
## **Pauline Lonsdale - Director**
Approved by the Board
The notes below on pages 10 and 11 form part of these financial statements.
## **NOTES TO THE ACCOUNTS FOR THE FINANCIAL YEAR ENDING 31 DECEMBER 2021**
## **NOTE 1. ACCOUNTING POLICIES**
## **TURNOVER**
The turnover and net income are attributable to the one principal activity of the company. **OPERATING SURPLUS/DEFICIT**
The operating surplus/deficit is stated after charging:
|The operating surplus/deficit is stated after charging:
Depreciation - Owned Assets
Director’s Emoluments
**NOTE 2. INVESTMENT INCOME**
Investment Income|**2021**
**£**
3,879
Nil
**2021**
**£**
477|**2020**
**£**
3,649
Nil
**2020**
**£**
1,218|
|---|---|---|
## **NOTE 3. TAXATION**
The company is a Registered Charity and is exempt from Taxation under Section 505 Income and Corporation Taxes Act 1988
|**NOTE 4.DESIGNATED AND RESTRICTED FUNDS**|**1 Jan.**
**2021**
**£**|**Received**
**£**|**Spent**
**£**|**31 Dec.**
**2021**
**£**|
|---|---|---|---|---|
|**Designated for major future building maintenance**|**35,000**|**0**|**0**|**35,000**|
|**Restricted for Development of Therapies**|**13,000**|**0**|**13,000**|**0**|
|**Restricted for Garden Project**|**609**|**0**|**0**|**609**|
|**Restricted for specific client needs**|**591**|**0**|**0**|**591**|
|**Restricted for specific COVID relief**|**0**|**9,500**|**2,710**|**6,790**|
|**Total Restricted Funds**|**49,200**|**9,500**|**15,710**|**42,990**|
10
## **NOTE 5. TANGIBLE FIXED ASSETS**
|Depreciation is provided at the following annual rates in order to write off each asset over
its estimated useful life
**Rate**
**Basis**
Freehold Property
0%
Furniture ,fixtures and fittings
Office Equipment
20%
20 %
straight line
straight line
**NBV**
**Additions**
**Dep,n**
**NBV**
**01-Jan-21**
**Inyear**
**foryear**
**31-Dec-21**
**£**
**£**
**£**
**£**
Furniture ,fixtures and fittings
880
-
220
660
Office Equipment
11,678
3,698
3,659
11,717
Total
12,558
3,698
3,879
12,377
**NOTE 6. DEBTORS**
**2021**
**2020**
**£**
**£**
Invoices outstanding from 30.11.2019
0
2,337
December invoices
35,274
30,422
Payments/Other Debtors
11,642
6,761
**46,916**
**39,520**
**NOTE. 7 INVESTMENTS**
**2021**
**2020**
**£**
**£**
Market value at 1stJanuary
23,491
25,060
Unrealised investmentgain/(loss)
3,058
(1,569)
Market value at 31stDecember
26,549
23,491
Cost 31stDecember 2015
8,605
8,605
**NOTE 8. CREDITORS: AMOUNTS FALLING DUE**
**2021**
**2020**
**WITHIN ONE YEAR**
**£**
**£**
Accruals
1,973
5,351
Social Security and other taxes
3,237
3,241
Sundry Creditor
2,638
2,596
Trade Creditor’s
5,232
3,712
13,080
14,900
**Note 9. CREDITORS FALLING DUE**
**2021**
**2020**
**MORE THAN ONE YEAR**
**£**
**£**
Loan from Barnwood Trust repayable
150,000.00 150,000.00
if charity ceases its current operations .
Condition applies until 2029|Depreciation is provided at the following annual rates in order to write off each asset over
its estimated useful life
**Rate**
**Basis**
Freehold Property
0%
Furniture ,fixtures and fittings
Office Equipment
20%
20 %
straight line
straight line
**NBV**
**Additions**
**Dep,n**
**NBV**
**01-Jan-21**
**Inyear**
**foryear**
**31-Dec-21**
**£**
**£**
**£**
**£**
Furniture ,fixtures and fittings
880
-
220
660
Office Equipment
11,678
3,698
3,659
11,717
Total
12,558
3,698
3,879
12,377
**NOTE 6. DEBTORS**
**2021**
**2020**
**£**
**£**
Invoices outstanding from 30.11.2019
0
2,337
December invoices
35,274
30,422
Payments/Other Debtors
11,642
6,761
**46,916**
**39,520**
**NOTE. 7 INVESTMENTS**
**2021**
**2020**
**£**
**£**
Market value at 1stJanuary
23,491
25,060
Unrealised investmentgain/(loss)
3,058
(1,569)
Market value at 31stDecember
26,549
23,491
Cost 31stDecember 2015
8,605
8,605
**NOTE 8. CREDITORS: AMOUNTS FALLING DUE**
**2021**
**2020**
**WITHIN ONE YEAR**
**£**
**£**
Accruals
1,973
5,351
Social Security and other taxes
3,237
3,241
Sundry Creditor
2,638
2,596
Trade Creditor’s
5,232
3,712
13,080
14,900
**Note 9. CREDITORS FALLING DUE**
**2021**
**2020**
**MORE THAN ONE YEAR**
**£**
**£**
Loan from Barnwood Trust repayable
150,000.00 150,000.00
if charity ceases its current operations .
Condition applies until 2029|Depreciation is provided at the following annual rates in order to write off each asset over
its estimated useful life
**Rate**
**Basis**
Freehold Property
0%
Furniture ,fixtures and fittings
Office Equipment
20%
20 %
straight line
straight line
**NBV**
**Additions**
**Dep,n**
**NBV**
**01-Jan-21**
**Inyear**
**foryear**
**31-Dec-21**
**£**
**£**
**£**
**£**
Furniture ,fixtures and fittings
880
-
220
660
Office Equipment
11,678
3,698
3,659
11,717
Total
12,558
3,698
3,879
12,377
**NOTE 6. DEBTORS**
**2021**
**2020**
**£**
**£**
Invoices outstanding from 30.11.2019
0
2,337
December invoices
35,274
30,422
Payments/Other Debtors
11,642
6,761
**46,916**
**39,520**
**NOTE. 7 INVESTMENTS**
**2021**
**2020**
**£**
**£**
Market value at 1stJanuary
23,491
25,060
Unrealised investmentgain/(loss)
3,058
(1,569)
Market value at 31stDecember
26,549
23,491
Cost 31stDecember 2015
8,605
8,605
**NOTE 8. CREDITORS: AMOUNTS FALLING DUE**
**2021**
**2020**
**WITHIN ONE YEAR**
**£**
**£**
Accruals
1,973
5,351
Social Security and other taxes
3,237
3,241
Sundry Creditor
2,638
2,596
Trade Creditor’s
5,232
3,712
13,080
14,900
**Note 9. CREDITORS FALLING DUE**
**2021**
**2020**
**MORE THAN ONE YEAR**
**£**
**£**
Loan from Barnwood Trust repayable
150,000.00 150,000.00
if charity ceases its current operations .
Condition applies until 2029|Depreciation is provided at the following annual rates in order to write off each asset over
its estimated useful life
**Rate**
**Basis**
Freehold Property
0%
Furniture ,fixtures and fittings
Office Equipment
20%
20 %
straight line
straight line
**NBV**
**Additions**
**Dep,n**
**NBV**
**01-Jan-21**
**Inyear**
**foryear**
**31-Dec-21**
**£**
**£**
**£**
**£**
Furniture ,fixtures and fittings
880
-
220
660
Office Equipment
11,678
3,698
3,659
11,717
Total
12,558
3,698
3,879
12,377
**NOTE 6. DEBTORS**
**2021**
**2020**
**£**
**£**
Invoices outstanding from 30.11.2019
0
2,337
December invoices
35,274
30,422
Payments/Other Debtors
11,642
6,761
**46,916**
**39,520**
**NOTE. 7 INVESTMENTS**
**2021**
**2020**
**£**
**£**
Market value at 1stJanuary
23,491
25,060
Unrealised investmentgain/(loss)
3,058
(1,569)
Market value at 31stDecember
26,549
23,491
Cost 31stDecember 2015
8,605
8,605
**NOTE 8. CREDITORS: AMOUNTS FALLING DUE**
**2021**
**2020**
**WITHIN ONE YEAR**
**£**
**£**
Accruals
1,973
5,351
Social Security and other taxes
3,237
3,241
Sundry Creditor
2,638
2,596
Trade Creditor’s
5,232
3,712
13,080
14,900
**Note 9. CREDITORS FALLING DUE**
**2021**
**2020**
**MORE THAN ONE YEAR**
**£**
**£**
Loan from Barnwood Trust repayable
150,000.00 150,000.00
if charity ceases its current operations .
Condition applies until 2029|Depreciation is provided at the following annual rates in order to write off each asset over
its estimated useful life
**Rate**
**Basis**
Freehold Property
0%
Furniture ,fixtures and fittings
Office Equipment
20%
20 %
straight line
straight line
**NBV**
**Additions**
**Dep,n**
**NBV**
**01-Jan-21**
**Inyear**
**foryear**
**31-Dec-21**
**£**
**£**
**£**
**£**
Furniture ,fixtures and fittings
880
-
220
660
Office Equipment
11,678
3,698
3,659
11,717
Total
12,558
3,698
3,879
12,377
**NOTE 6. DEBTORS**
**2021**
**2020**
**£**
**£**
Invoices outstanding from 30.11.2019
0
2,337
December invoices
35,274
30,422
Payments/Other Debtors
11,642
6,761
**46,916**
**39,520**
**NOTE. 7 INVESTMENTS**
**2021**
**2020**
**£**
**£**
Market value at 1stJanuary
23,491
25,060
Unrealised investmentgain/(loss)
3,058
(1,569)
Market value at 31stDecember
26,549
23,491
Cost 31stDecember 2015
8,605
8,605
**NOTE 8. CREDITORS: AMOUNTS FALLING DUE**
**2021**
**2020**
**WITHIN ONE YEAR**
**£**
**£**
Accruals
1,973
5,351
Social Security and other taxes
3,237
3,241
Sundry Creditor
2,638
2,596
Trade Creditor’s
5,232
3,712
13,080
14,900
**Note 9. CREDITORS FALLING DUE**
**2021**
**2020**
**MORE THAN ONE YEAR**
**£**
**£**
Loan from Barnwood Trust repayable
150,000.00 150,000.00
if charity ceases its current operations .
Condition applies until 2029|Depreciation is provided at the following annual rates in order to write off each asset over
its estimated useful life
**Rate**
**Basis**
Freehold Property
0%
Furniture ,fixtures and fittings
Office Equipment
20%
20 %
straight line
straight line
**NBV**
**Additions**
**Dep,n**
**NBV**
**01-Jan-21**
**Inyear**
**foryear**
**31-Dec-21**
**£**
**£**
**£**
**£**
Furniture ,fixtures and fittings
880
-
220
660
Office Equipment
11,678
3,698
3,659
11,717
Total
12,558
3,698
3,879
12,377
**NOTE 6. DEBTORS**
**2021**
**2020**
**£**
**£**
Invoices outstanding from 30.11.2019
0
2,337
December invoices
35,274
30,422
Payments/Other Debtors
11,642
6,761
**46,916**
**39,520**
**NOTE. 7 INVESTMENTS**
**2021**
**2020**
**£**
**£**
Market value at 1stJanuary
23,491
25,060
Unrealised investmentgain/(loss)
3,058
(1,569)
Market value at 31stDecember
26,549
23,491
Cost 31stDecember 2015
8,605
8,605
**NOTE 8. CREDITORS: AMOUNTS FALLING DUE**
**2021**
**2020**
**WITHIN ONE YEAR**
**£**
**£**
Accruals
1,973
5,351
Social Security and other taxes
3,237
3,241
Sundry Creditor
2,638
2,596
Trade Creditor’s
5,232
3,712
13,080
14,900
**Note 9. CREDITORS FALLING DUE**
**2021**
**2020**
**MORE THAN ONE YEAR**
**£**
**£**
Loan from Barnwood Trust repayable
150,000.00 150,000.00
if charity ceases its current operations .
Condition applies until 2029|Depreciation is provided at the following annual rates in order to write off each asset over
its estimated useful life
**Rate**
**Basis**
Freehold Property
0%
Furniture ,fixtures and fittings
Office Equipment
20%
20 %
straight line
straight line
**NBV**
**Additions**
**Dep,n**
**NBV**
**01-Jan-21**
**Inyear**
**foryear**
**31-Dec-21**
**£**
**£**
**£**
**£**
Furniture ,fixtures and fittings
880
-
220
660
Office Equipment
11,678
3,698
3,659
11,717
Total
12,558
3,698
3,879
12,377
**NOTE 6. DEBTORS**
**2021**
**2020**
**£**
**£**
Invoices outstanding from 30.11.2019
0
2,337
December invoices
35,274
30,422
Payments/Other Debtors
11,642
6,761
**46,916**
**39,520**
**NOTE. 7 INVESTMENTS**
**2021**
**2020**
**£**
**£**
Market value at 1stJanuary
23,491
25,060
Unrealised investmentgain/(loss)
3,058
(1,569)
Market value at 31stDecember
26,549
23,491
Cost 31stDecember 2015
8,605
8,605
**NOTE 8. CREDITORS: AMOUNTS FALLING DUE**
**2021**
**2020**
**WITHIN ONE YEAR**
**£**
**£**
Accruals
1,973
5,351
Social Security and other taxes
3,237
3,241
Sundry Creditor
2,638
2,596
Trade Creditor’s
5,232
3,712
13,080
14,900
**Note 9. CREDITORS FALLING DUE**
**2021**
**2020**
**MORE THAN ONE YEAR**
**£**
**£**
Loan from Barnwood Trust repayable
150,000.00 150,000.00
if charity ceases its current operations .
Condition applies until 2029|Depreciation is provided at the following annual rates in order to write off each asset over
its estimated useful life
**Rate**
**Basis**
Freehold Property
0%
Furniture ,fixtures and fittings
Office Equipment
20%
20 %
straight line
straight line
**NBV**
**Additions**
**Dep,n**
**NBV**
**01-Jan-21**
**Inyear**
**foryear**
**31-Dec-21**
**£**
**£**
**£**
**£**
Furniture ,fixtures and fittings
880
-
220
660
Office Equipment
11,678
3,698
3,659
11,717
Total
12,558
3,698
3,879
12,377
**NOTE 6. DEBTORS**
**2021**
**2020**
**£**
**£**
Invoices outstanding from 30.11.2019
0
2,337
December invoices
35,274
30,422
Payments/Other Debtors
11,642
6,761
**46,916**
**39,520**
**NOTE. 7 INVESTMENTS**
**2021**
**2020**
**£**
**£**
Market value at 1stJanuary
23,491
25,060
Unrealised investmentgain/(loss)
3,058
(1,569)
Market value at 31stDecember
26,549
23,491
Cost 31stDecember 2015
8,605
8,605
**NOTE 8. CREDITORS: AMOUNTS FALLING DUE**
**2021**
**2020**
**WITHIN ONE YEAR**
**£**
**£**
Accruals
1,973
5,351
Social Security and other taxes
3,237
3,241
Sundry Creditor
2,638
2,596
Trade Creditor’s
5,232
3,712
13,080
14,900
**Note 9. CREDITORS FALLING DUE**
**2021**
**2020**
**MORE THAN ONE YEAR**
**£**
**£**
Loan from Barnwood Trust repayable
150,000.00 150,000.00
if charity ceases its current operations .
Condition applies until 2029|
|---|---|---|---|---|---|---|---|
||**NBV**|||**Additions**||**Dep,n**|**NBV**|
||**01-Jan-21**||||**Inyear**|**foryear**|**31-Dec-21**|
||||**£**||**£**|**£**|**£**|
||||880||-|220|660|
||||11,678||3,698|3,659|11,717|
||||12,558||3,698|3,879|12,377|
|||**2021**
**£**
0
35,274
11,642
**46,916**
||||||
|||||||||
|**NOTE. 7 INVESTMENTS**|||**2021**||**2020**|||
||||**£**||**£**|||
|Market value at 1stJanuary||23,491|||25,060|||
|Unrealised investmentgain/(loss)||3,058||(|1,569)|||
|Market value at 31stDecember||26,549|||23,491|||
|Cost 31stDecember 2015|||8,605||8,605|||
|**NOTE 8. CREDITORS: AMOUNTS FALLING DUE**
**WITHIN ONE YEAR**
Accruals
Social Security and other taxes
Sundry Creditor
Trade Creditor’s
**Note 9. CREDITORS FALLING DUE**
**MORE THAN ONE YEAR**
Loan from Barnwood Trust repayable
if charity ceases its current operations .
Condition applies until 2029|||**2021**
**£**
1,973
3,237
2,638
5,232|||||
|||13,080
||||||
11
INDEPENDENT EXAMINERS REPORT
YEAR ENDED 31 DECEMBER 2021
Independent Examiners report to the members of Headway Cotswold Trust Llmlted
I report to the trustees on my examination of the accounts of the above charity ('Ihe Trust") for
the year ended 31 December 2021.
Responsibilltles and basis of report
As the charity's trustees, you are responsible for the preparation of the accounts in accordance
with the requirements of the C aritles Act 20111"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 all the applicable Directions
given by the Charity Commission under section 14515){bl of the Act.
Independent examlner's statement
I have completed my examination. I confirm that no material matters have come to my
attention in connection with the examinalion which gives me cause to believe that in, any
material respect..
the accounting records were not kept in accordance with section 130 of the Charities
Act- or
the accounts did not accord with the accounting records,. or
the accounts did not comply with the applicable requirements concerning the form and
content of accounts sel oul in the Charities (Accounts and Reports) Regulations 2008
other than any requirement that the accounts give a 'lrue 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.
Sirnon James Gill- Ba Hon$, FCCA, TEP
7 Poppy Meadow Close
Wilcombe
Gloucester
GL3 4XG
2310812022
## **INCOME AND EXPENDITURE ACCOUNT - For the year ended 31st December 2021**
|**INCOME**
Attenders funding
Fund raising and collections
Gift Aid Tax Recovered
Grants and sponsorship
Members subscriptions
Interest Received
Dividend income
Increase/(decrease) in CAF Investment
**EXPENDITUREDirect Costs**
Staff – Salaries
Furlough recovery costs
Staff - Training and Expenses
Staff – Travel costs
Staff - Recruitment and Advice
Volunteers Expenses
Activity Costs
Catering
Non-food catering costs
Fundraising costs
Attenders Travel Costs
**Support Costs**
Insurance
Pullman Court Maintenance
Pullman Court heating lighting & water rates
Pullman Court cleaning & waste disposal
**Administration Expenses**
Printing, Stationery and Postage
PR and Marketing
Office Equipment Maintenance
Telephone & broadband
Computer Software & Hardware
Trustees Expenses
Accountancy & legal costs
Miscellaneous Expenses
Professional Fees
Bank Charges
Membership Fees
Bad debt
Depreciation Office Equipment
Depreciation Fix & Fittings
**TOTAL EXPENDITURE FOR THE YEAR**
**DEFICIT OF INCOME OVER EXPENDITURE**|**2021**
**£**
190,684
19,014
0
53,344
0
62
415
3,059
**266,578**
198,656
- 6,263
1,359
479
541
75
3,316
3,247
59
0
-
**201,469**
2,953
6,332
6,348
8,453
**24,086**
1,731
-
219
3,369
10,261
-
- 40
-
2,745
137
155
-
3,659
220
**22,456**
**248,011**
**18,567**|**2020**
**£**
184,965
22,127
832
16,640
10
747
471
- 1,569|
|---|---|---|
|||**224,223**|
|||208,356
- 18,600
437
314
49
51
2,707
1,512
20
80
-|
|||**194,926**|
|||3,391
2,108
6,306
6,903|
|||**18,708**|
|||3,633
-
224
3,856
8,575
-
- 160
-
2,339
180
-
-
3,203
446|
||**22,456**|**22,296**|
||**248,011**|**235,930**|
||**18,567**|**- 11,707**|
This page does not form part of the statutory financial statements.
13