## _**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
1
## **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**
2
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.
3
## **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
4
## **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||||
5
|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**|
6
|**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|
7
|**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||||||
8
# **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
9
## **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**|
10
This page does not form part of the statutory financial statements.
11