HEADWAY COTSWOLD TRUST LIMITED
ANNUAL REPORT
and
ACCOUNTS 2022
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
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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
REPORT OF THE DIRECTORS
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The Directors present their report with the financial statements of the company for the year ended 31[st] December 2022.
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 28 June 2023
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 2022.
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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 10 members of staff who in turn are assisted by around 6 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 again been a challenging year, as the charity has continued to recover from the effects of the coronavirus pandemic. 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 2022. 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) 28 June 2023
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STATEMENT OF FINANCIAL ACTIVITIES
for the Year ended 31st December 2022
| NOTE RESTRICT ED FUNDS |
NOTE RESTRICT ED FUNDS |
DESIGN ATE UNRESTRIC TED TOTALS FUNDS FUNDS 2022 |
TOTALS 2021 |
|
|---|---|---|---|---|
| Incoming Resources Attenders fees and funding Fund raising and donations Restricted fund donations and grants Gift aid recovered Grants Members subscriptions Interest received 2 |
£ - - - - - - - |
£ £ £ - 192,719 192,71 9 - 47,131 47,13 1 - - - - 1,436 1,436 - 14,392 14,39 2 - - - - 1,32 4 1,324 |
£ 190,6 84 19,0 14 - - 53,344 - 4 77 |
|
| Total incoming resources | - | - 257,00 2 257,00 2 |
263,5 19 |
|
| Charitable Expenditure Restricted funds expenditure Direct costs Support costs Administration |
- - - - |
- - - - 225,15 7 225,15 7 - 28,00 0 28,00 0 - 22,74 4 22,74 4 |
- 201,46 8 24,0 87 22,4 56 |
|
| Total Charitable Expenditure |
- | - 275,9 02 275,9 02 |
248,0 11 |
|
| Net Income/(Expenditure) for the year 1 Unrealised Gain/(Loss) on Investments |
- - |
- - 18,900 - 18,900 - - 2,550 - 2,550 |
15,508 3,059 |
|
| NET MOVEMENT IN FUNDS |
- | - - 21,450 - 21,45 0 |
18,567 | |
| FUND BALANCES AT |
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| 1STJANUARY 2021 14,200 35,00 0 201,856 251,05 6 FUND BALANCES AT 31ST DECEMBER 2021 4 14,20 0 35,0 00 180,40 6 229,6 06 |
251,05 6 |
|---|---|
| 269,62 3 |
| BALANCE SHEET | 2022 | 2021 | ||
|---|---|---|---|---|
| as at 31st December 2022 |
£ | £ | ||
| FIXED ASSETS | ||||
| 576,77 | ||||
| Freehold Property | 576,771 | 1 | ||
| Fixtures & Fittings | 5 | 8,497 | 12,376 | |
| TOTAL FIXED ASSETS | 585,268 | 589,14 7 |
||
| CURRENT ASSETS | ||||
| Debtors and Prepayments | 6 | 40,596 | 46,916 | |
| Investment in CAF Equity | ||||
| Fund | 7 | 24,000 | 26,549 | |
| Cash at Bank and in Hand - | ||||
| Designated Funds | 4 | 35,000 | 35,000 | |
| 18,5 | ||||
| Restricted Funds | 4 | 33 | 7,990 | |
| Unrestricted Funds | 125,512 | 135,408 | ||
| TOTAL CURRENT | ||||
| ASSETS | 243,641 | 251,863 | ||
| CREDITORS | ||||
| Amounts falling due within | ||||
| one year | 8 | 11,886 | 13,080 | |
| NET ASSETS | 817,023 | 827,930 | ||
| CREDITORS | ||||
| Amounts falling due more | 150,00 | |||
| than one year | 9 | 0 | 150,000 | |
| NET ASSETS | 667,023 | 677,93 0 |
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| FUND BALANCES Capital Reserves Designated Restricted 4 Unrestricted TOTAL FUND BALANCES |
413,908 35,000 18,5 33 199,582 667,023 |
413,908 35,000 7,990 221,032 |
|---|---|---|
| 667,023 | 677,930 |
For the year ending 31 December 2022 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 7 and 8 form part of these financial statements.
NOTES TO THE ACCOUNTS FOR THE FINANCIAL YEAR ENDING 31 DECEMBER 2022
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/defcit is stated after charging: Depreciation - Owned Assets Director’s Emoluments |
2022 £ 3,879 Nil |
2021 |
|---|---|---|
| £ 3,879 Nil |
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| NOTE 2. INVESTMENT INCOME Investment Income |
2022 £ 694 |
2021 £ 477 |
|---|---|---|
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. 2022 Receiv ed Spent 31 Dec. 2022 £ £ £ £ |
NOTE 4.DESIGNATED AND RESTRICTED FUNDS 1 Jan. 2022 Receiv ed Spent 31 Dec. 2022 £ £ £ £ |
NOTE 4.DESIGNATED AND RESTRICTED FUNDS 1 Jan. 2022 Receiv ed Spent 31 Dec. 2022 £ £ £ £ |
NOTE 4.DESIGNATED AND RESTRICTED FUNDS 1 Jan. 2022 Receiv ed Spent 31 Dec. 2022 £ £ £ £ |
NOTE 4.DESIGNATED AND RESTRICTED FUNDS 1 Jan. 2022 Receiv ed Spent 31 Dec. 2022 £ £ £ £ |
|---|---|---|---|---|
| Designated for major future building maintenance |
35,00 0 |
0 | 0 | 35,000 |
| Restricted for Garden Project | 609 | 0 | 0 | 609 |
| Restricted for specifc client needs | 591 | 0 | 0 | 591 |
| Restricted -Barnwood Trust | 6,790 | 0 | 0 | 6,790 |
| Restricted for specifc COVID relief | 0 | 5,543 | 0 | 5,543 |
| Restricted Fund -ABI Film Project | 0 | 5,000 | 0 | 5,000 |
| Total Restricted Funds | 42,99 0 |
10,54 3 |
0 | 53,533 |
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 Freehold Property Furniture ,fxtures and fttings Ofce Equipment Furniture ,fxtures and fttings Ofce Equipment Total NOTE 6. DEBTORS Invoices outstanding from 30.11.2022 December invoices Payments/Other Debtors |
Rate Basis 0% 20% 20 % straight line straight line |
Rate Basis 0% 20% 20 % straight line straight line |
Rate Basis 0% 20% 20 % straight line straight line |
Rate Basis 0% 20% 20 % straight line straight line |
Rate Basis 0% 20% 20 % straight line straight line |
Rate Basis 0% 20% 20 % straight line straight line |
|---|---|---|---|---|---|---|
| NBV | Addition s |
Dep,n | NBV | |||
| 01-Jan- 22 |
Inyear | for year |
31-Dec- 22 |
|||
| £ | £ | £ | £ | |||
| 660 | - | 220 | 440 | |||
| 11,717 | - | 3,659 | 8,058 | |||
| 12,377 | - | 3,879 | 8,498 | |||
| 2022 2021 £ £ 1713 961 35,520 34,313 5,364 11,642 |
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40,597 46,916
NOTE. 7 INVESTMENTS
2022 2021 £ £
Market value at 1[st] January 26,549 23,491 Unrealised investment gain/(loss) (2,549) 3,058 Market value at 31[st] December 24,000 26,549 Cost 31[st] December 2015 8,605 8,605
NOTE 8. CREDITORS: AMOUNTS FALLING DUE 2022 2021 WITHIN ONE YEAR £ £ Accruals 1,580 1,973 Social Security and other taxes 2,701 3,237 Sundry Creditor 2,691 2,638 Trade Creditor’s 4,914 5,232 11,886 13,080 Note 9. CREDITORS FALLING DUE 2022 2021 MORE THAN ONE YEAR £ £ 150,00 150,000. Loan from Barnwood Trust repayable 0.00 00 if charity ceases its current operations . Condition applies until 2029
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INCOME AND EXPENDITURE ACCOUNT - For the year ended 31st December 2022
| 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 EXPENDITURE Direct Costs Staf – Salaries Furlough recovery costs Staf - Training and Expenses Staf – Travel costs Staf - 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 Ofce Equipment Maintenance Telephone & broadband Computer Software & Hardware Trustees Expenses Accountancy & legal costs Miscellaneous Expenses Professional Fees Bank Charges Membership Fees Bad debt Depreciation Ofce Equipment Depreciation Fix & Fittings TOTAL EXPENDITURE FOR THE YEAR DEFICIT OF INCOME OVER EXPENDITURE |
2022 £ 192,719 47,131 1,436 14,392 0 630 694 - 2550 254,452 209,677 0 358 875 99 317 8,233 5,562 37 0 0 225,157 457 6,410 9,086 12,048 28,000 1,203 0 319 3,671 11,492 0 500 0 2,511 139 0 30 3,659 220 22,744 275,902 - 21,450 |
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 0 |
||
| 201,469 | ||
| 2,953 6,332 6,348 8,453 |
||
| 24,086 | ||
| 1,731 0 219 3,369 10,261 0 - 40 0 2,745 137 155 0 3,659 220 |
||
| 22,744 | 22,456 | |
| 275,902 | 248,011 | |
| - 21,450 | 18,567 |
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This page does not form part of the statutory financial statements.
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