## _**HEADWAY COTSWOLD TRUST LIMITED**_ ## _**ANNUAL REPORT**_ ## _**and**_ ## _**AMENDED ACCOUNTS 2023**_ (to correct a previous filing) 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 (Until 8[th] September 2023) 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 2 ## **REPORT OF THE DIRECTORS** The Directors present their report with the financial statements of the company for the year ended 31[st] December 2023. ## _**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 (until 8 September 2023) 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**_ Approved by the Board on 29[th] August 2024. C B Johnson – Secretary 29[th] August 2024 3 ## **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 2023. ## **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 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. 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. We especially thank Elizabeth Cumes, who stood down in September, for her service as a Trustee and volunteer over many years. We will miss her quiet wisdom and knowledge of Headway. 2023 also saw the departure of our Chief Executive, Alison Hendley after over 11 years in post. We are extremely grateful to Alison for helping to steer the charity through the most challenging period it has experienced and wish her well in her new career. We have been fortunate to recruit Julie Reader-Sullivan in her place. 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 2023. We also wish to thank the many individuals and organisations who have contributed financially to the success of the charity this year. In particular we are grateful for the generous legacy left to the charity by Danny Mullen a survivor whom we helped a number of years ago. His gift will help us to put our finances onto a more sustainable basis for the years ahead. 4 ## **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) 5[th] March 2024 5 ## **STATEMENT OF FINANCIAL ACTIVITIES** ## for the Year ended 31st December 2023 ||**NOTE**
**RESTRICTED**
**DESIGNATE**
**UNRESTRICTED**
**TOTALS**
**FUNDS**
**FUNDS**
**FUNDS**
**2023**|**NOTE**
**RESTRICTED**
**DESIGNATE**
**UNRESTRICTED**
**TOTALS**
**FUNDS**
**FUNDS**
**FUNDS**
**2023**|**NOTE**
**RESTRICTED**
**DESIGNATE**
**UNRESTRICTED**
**TOTALS**
**FUNDS**
**FUNDS**
**FUNDS**
**2023**|**TOTALS**
**2022**| |---|---|---|---|---| ||Incoming Resources
Attenders fees and funding
Fund raising and donations
Legacy Proceeds
Restricted fund donations
and grants
Transfer between funds
-
Gift aid recovered
Grants
Members subscriptions
Interest received
**2**|**£**
**£**
-
-
-
-
-
340,000
-
-
12,933
- 35,000
-
-
-
-
-
-
-
-
|**£**
**£**
210,610
210,610
16,320
16,320
-
340,000
-
-
47,933
-
800
800
19,670
19,670
-
-
11,614
11,614|**£**
192,719
47,131
-
-
-
1,436
14,392
-
1,324| ||Total incomingresources
-|12,933
305,000
|306,946
599,013|257,002| ||**Charitable Expenditure**
Restricted funds expenditure
Direct costs
Support costs
Administration|-
-
-
-

-
-

-
-
|-
-
243,951
243,951
34,957
34,957
35,286
35,286|-
225,157
28,000
22,744| ||Total Charitable
Expenditure|**-**
**-**
|**314,194**
**314,194**|**275,902**| ||Net Income/(Expenditure)
for the year
**1**
-
Unrealised Gain/(Loss) on
Investments|12,933
- 35,000
-
-|- 7,248
284,819
555
555|-18,900
- 2,550| ||NET MOVEMENT IN
FUNDS
**-**|**12,933**
**305,000**
|**- 6,693**
**285,374**|**- 21,450**| ||FUND BALANCES AT
1ST JANUARY
18,533
35,000||176,073 229,606|251,056| ||FUND BALANCES AT
31ST DECEMBER
**4**
**5,600**
**340,000**||**169,380 514,980**|**229,606**| 6 |BALANCE SHEET||**2023**||**2022**| |---|---|---|---|---| |**as at 31st December 2023**||**£**||**£**| |**FIXED ASSETS**||||| |Freehold Property||576,771||576,771| |Fixtures & Fittings|**5**|16,290||8,497| |**TOTAL FIXED ASSETS**||**593,061**||**585,268**| |**CURRENT ASSETS**||||| |Debtors and Prepayments|**6**|39,455||40,596| |Investment in M& G Fund|**7**|50,000||24,000| |Cash at Bank and in Hand -||||| |Designated Funds|**4**|340,000||35,000| |Restricted Funds|**4**|5,600||18,533| |Unrestricted Funds||74,561||125,512| |**TOTAL CURRENT ASSETS**||**509,616**||**243,641**| |**CREDITORS**||||| |Amounts falling due within one||||| |year|**8**|13,216||11,886| |**NET ASSETS**||**1,089,462**||**817,023**| |**CREDITORS**||||| |Amounts falling due more than||||| |one year|**9**|**150,000**||**150,000**| |**NET ASSETS**||**939,462**||**667,023**| |**FUND BALANCES**||||| |Capital Reserves||448,908||413,908| |Designated||340,000||35,000| |Restricted|**4**|5,600||18,533| |Unrestricted||144,954||199,582| |**_TOTAL FUND BALANCES_**||**939,462**||**667,023**| 7 For the year ending 31 December 2023 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 9 and 10 form part of these financial statements. ## **NOTES TO THE ACCOUNTS FOR THE FINANCIAL YEAR ENDING 31 DECEMBER 2023** ## **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:
**2023**
**£**
Depreciation - Owned Assets
7,987
Director’s Emoluments
Nil
**NOTE 2. INVESTMENT INCOME**
**2023**
**£**
Investment Income
351,614|**2022**
**£**
3,879
Nil
**2022**
**£**
1,324| |---|---| ## **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.**
**2023**
**£**|**Received**
**£**|**Spent**
**£**|**31 Dec.**
**2023**
**£**| |---|---|---|---|---| |**Designated for major future building maintenance**|**35,000**|**340,000**|**35,000**|**340,000**| |**Restricted for Garden Project**|**609**|**0**|**0**|**609**| |**Restricted for specific client needs**|**591**|**0**|**0**|**591**| |**Restricted -Barnwood Trust**|**6,790**|**0**|**6,790**|**0**| |**Restricted for specific COVID relief**|**5,543**|**0**|**5,543**|**0**| |**Restricted Fund -ABI Film Project**|**5,000**|**0**|**600**|**4,400**| |**Total Restricted Funds**|**53,533**|**340,000**|**47,933**|**345,600**| 8 ## **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
Computer Equipment
20%
20 %
33%
straight line
straight line
straight line
**NBV**
**Additions**
**Dep,n**
**NBV**
**01-Jan-23**
**Inyear**
**foryear**
**31-Dec-23**
**£**
**£**
**£**
**£**
Furniture ,fixtures and fittings
440
8,030
1,826
6,644
Office/ Computer Equipment
8,058
7,750
6,161
9,647
Total
8,498
15,780
7,987
16,291
**NOTE 6. DEBTORS**
**2023**
**2022**
**£**
**£**
Invoices outstanding from 30.11.2023
944
1,713
December invoices
32,761
33,520
Payments/Other Debtors
5,750
5,364
**39,455**
**40,597**
**NOTE. 7 INVESTMENTS**
**2023**
**2022**
**£**
**£**
Market value at 1stJanuary
24,000
26,549
Unrealised investmentgain/(loss)
555
(2,549)
Disposalproceeds
24,555
0
Market value at 31stDecember
50,000
24,000
Cost 31stDecember 2015
8,605
8,605
**NOTE 8. CREDITORS: AMOUNTS FALLING DUE**
**2023**
**2022**
**WITHIN ONE YEAR**
**£**
**£**
Accruals
3,664
1,580
Social Security and other taxes
5,435
2,701
Sundry Creditor
2,658
2,691
Trade Creditor’s
1,458
4,914
13,216
11,886
**Note 9. CREDITORS FALLING DUE**
**2023**
**2022**
**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
Computer Equipment
20%
20 %
33%
straight line
straight line
straight line
**NBV**
**Additions**
**Dep,n**
**NBV**
**01-Jan-23**
**Inyear**
**foryear**
**31-Dec-23**
**£**
**£**
**£**
**£**
Furniture ,fixtures and fittings
440
8,030
1,826
6,644
Office/ Computer Equipment
8,058
7,750
6,161
9,647
Total
8,498
15,780
7,987
16,291
**NOTE 6. DEBTORS**
**2023**
**2022**
**£**
**£**
Invoices outstanding from 30.11.2023
944
1,713
December invoices
32,761
33,520
Payments/Other Debtors
5,750
5,364
**39,455**
**40,597**
**NOTE. 7 INVESTMENTS**
**2023**
**2022**
**£**
**£**
Market value at 1stJanuary
24,000
26,549
Unrealised investmentgain/(loss)
555
(2,549)
Disposalproceeds
24,555
0
Market value at 31stDecember
50,000
24,000
Cost 31stDecember 2015
8,605
8,605
**NOTE 8. CREDITORS: AMOUNTS FALLING DUE**
**2023**
**2022**
**WITHIN ONE YEAR**
**£**
**£**
Accruals
3,664
1,580
Social Security and other taxes
5,435
2,701
Sundry Creditor
2,658
2,691
Trade Creditor’s
1,458
4,914
13,216
11,886
**Note 9. CREDITORS FALLING DUE**
**2023**
**2022**
**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
Computer Equipment
20%
20 %
33%
straight line
straight line
straight line
**NBV**
**Additions**
**Dep,n**
**NBV**
**01-Jan-23**
**Inyear**
**foryear**
**31-Dec-23**
**£**
**£**
**£**
**£**
Furniture ,fixtures and fittings
440
8,030
1,826
6,644
Office/ Computer Equipment
8,058
7,750
6,161
9,647
Total
8,498
15,780
7,987
16,291
**NOTE 6. DEBTORS**
**2023**
**2022**
**£**
**£**
Invoices outstanding from 30.11.2023
944
1,713
December invoices
32,761
33,520
Payments/Other Debtors
5,750
5,364
**39,455**
**40,597**
**NOTE. 7 INVESTMENTS**
**2023**
**2022**
**£**
**£**
Market value at 1stJanuary
24,000
26,549
Unrealised investmentgain/(loss)
555
(2,549)
Disposalproceeds
24,555
0
Market value at 31stDecember
50,000
24,000
Cost 31stDecember 2015
8,605
8,605
**NOTE 8. CREDITORS: AMOUNTS FALLING DUE**
**2023**
**2022**
**WITHIN ONE YEAR**
**£**
**£**
Accruals
3,664
1,580
Social Security and other taxes
5,435
2,701
Sundry Creditor
2,658
2,691
Trade Creditor’s
1,458
4,914
13,216
11,886
**Note 9. CREDITORS FALLING DUE**
**2023**
**2022**
**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
Computer Equipment
20%
20 %
33%
straight line
straight line
straight line
**NBV**
**Additions**
**Dep,n**
**NBV**
**01-Jan-23**
**Inyear**
**foryear**
**31-Dec-23**
**£**
**£**
**£**
**£**
Furniture ,fixtures and fittings
440
8,030
1,826
6,644
Office/ Computer Equipment
8,058
7,750
6,161
9,647
Total
8,498
15,780
7,987
16,291
**NOTE 6. DEBTORS**
**2023**
**2022**
**£**
**£**
Invoices outstanding from 30.11.2023
944
1,713
December invoices
32,761
33,520
Payments/Other Debtors
5,750
5,364
**39,455**
**40,597**
**NOTE. 7 INVESTMENTS**
**2023**
**2022**
**£**
**£**
Market value at 1stJanuary
24,000
26,549
Unrealised investmentgain/(loss)
555
(2,549)
Disposalproceeds
24,555
0
Market value at 31stDecember
50,000
24,000
Cost 31stDecember 2015
8,605
8,605
**NOTE 8. CREDITORS: AMOUNTS FALLING DUE**
**2023**
**2022**
**WITHIN ONE YEAR**
**£**
**£**
Accruals
3,664
1,580
Social Security and other taxes
5,435
2,701
Sundry Creditor
2,658
2,691
Trade Creditor’s
1,458
4,914
13,216
11,886
**Note 9. CREDITORS FALLING DUE**
**2023**
**2022**
**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
Computer Equipment
20%
20 %
33%
straight line
straight line
straight line
**NBV**
**Additions**
**Dep,n**
**NBV**
**01-Jan-23**
**Inyear**
**foryear**
**31-Dec-23**
**£**
**£**
**£**
**£**
Furniture ,fixtures and fittings
440
8,030
1,826
6,644
Office/ Computer Equipment
8,058
7,750
6,161
9,647
Total
8,498
15,780
7,987
16,291
**NOTE 6. DEBTORS**
**2023**
**2022**
**£**
**£**
Invoices outstanding from 30.11.2023
944
1,713
December invoices
32,761
33,520
Payments/Other Debtors
5,750
5,364
**39,455**
**40,597**
**NOTE. 7 INVESTMENTS**
**2023**
**2022**
**£**
**£**
Market value at 1stJanuary
24,000
26,549
Unrealised investmentgain/(loss)
555
(2,549)
Disposalproceeds
24,555
0
Market value at 31stDecember
50,000
24,000
Cost 31stDecember 2015
8,605
8,605
**NOTE 8. CREDITORS: AMOUNTS FALLING DUE**
**2023**
**2022**
**WITHIN ONE YEAR**
**£**
**£**
Accruals
3,664
1,580
Social Security and other taxes
5,435
2,701
Sundry Creditor
2,658
2,691
Trade Creditor’s
1,458
4,914
13,216
11,886
**Note 9. CREDITORS FALLING DUE**
**2023**
**2022**
**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
Computer Equipment
20%
20 %
33%
straight line
straight line
straight line
**NBV**
**Additions**
**Dep,n**
**NBV**
**01-Jan-23**
**Inyear**
**foryear**
**31-Dec-23**
**£**
**£**
**£**
**£**
Furniture ,fixtures and fittings
440
8,030
1,826
6,644
Office/ Computer Equipment
8,058
7,750
6,161
9,647
Total
8,498
15,780
7,987
16,291
**NOTE 6. DEBTORS**
**2023**
**2022**
**£**
**£**
Invoices outstanding from 30.11.2023
944
1,713
December invoices
32,761
33,520
Payments/Other Debtors
5,750
5,364
**39,455**
**40,597**
**NOTE. 7 INVESTMENTS**
**2023**
**2022**
**£**
**£**
Market value at 1stJanuary
24,000
26,549
Unrealised investmentgain/(loss)
555
(2,549)
Disposalproceeds
24,555
0
Market value at 31stDecember
50,000
24,000
Cost 31stDecember 2015
8,605
8,605
**NOTE 8. CREDITORS: AMOUNTS FALLING DUE**
**2023**
**2022**
**WITHIN ONE YEAR**
**£**
**£**
Accruals
3,664
1,580
Social Security and other taxes
5,435
2,701
Sundry Creditor
2,658
2,691
Trade Creditor’s
1,458
4,914
13,216
11,886
**Note 9. CREDITORS FALLING DUE**
**2023**
**2022**
**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
Computer Equipment
20%
20 %
33%
straight line
straight line
straight line
**NBV**
**Additions**
**Dep,n**
**NBV**
**01-Jan-23**
**Inyear**
**foryear**
**31-Dec-23**
**£**
**£**
**£**
**£**
Furniture ,fixtures and fittings
440
8,030
1,826
6,644
Office/ Computer Equipment
8,058
7,750
6,161
9,647
Total
8,498
15,780
7,987
16,291
**NOTE 6. DEBTORS**
**2023**
**2022**
**£**
**£**
Invoices outstanding from 30.11.2023
944
1,713
December invoices
32,761
33,520
Payments/Other Debtors
5,750
5,364
**39,455**
**40,597**
**NOTE. 7 INVESTMENTS**
**2023**
**2022**
**£**
**£**
Market value at 1stJanuary
24,000
26,549
Unrealised investmentgain/(loss)
555
(2,549)
Disposalproceeds
24,555
0
Market value at 31stDecember
50,000
24,000
Cost 31stDecember 2015
8,605
8,605
**NOTE 8. CREDITORS: AMOUNTS FALLING DUE**
**2023**
**2022**
**WITHIN ONE YEAR**
**£**
**£**
Accruals
3,664
1,580
Social Security and other taxes
5,435
2,701
Sundry Creditor
2,658
2,691
Trade Creditor’s
1,458
4,914
13,216
11,886
**Note 9. CREDITORS FALLING DUE**
**2023**
**2022**
**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
Computer Equipment
20%
20 %
33%
straight line
straight line
straight line
**NBV**
**Additions**
**Dep,n**
**NBV**
**01-Jan-23**
**Inyear**
**foryear**
**31-Dec-23**
**£**
**£**
**£**
**£**
Furniture ,fixtures and fittings
440
8,030
1,826
6,644
Office/ Computer Equipment
8,058
7,750
6,161
9,647
Total
8,498
15,780
7,987
16,291
**NOTE 6. DEBTORS**
**2023**
**2022**
**£**
**£**
Invoices outstanding from 30.11.2023
944
1,713
December invoices
32,761
33,520
Payments/Other Debtors
5,750
5,364
**39,455**
**40,597**
**NOTE. 7 INVESTMENTS**
**2023**
**2022**
**£**
**£**
Market value at 1stJanuary
24,000
26,549
Unrealised investmentgain/(loss)
555
(2,549)
Disposalproceeds
24,555
0
Market value at 31stDecember
50,000
24,000
Cost 31stDecember 2015
8,605
8,605
**NOTE 8. CREDITORS: AMOUNTS FALLING DUE**
**2023**
**2022**
**WITHIN ONE YEAR**
**£**
**£**
Accruals
3,664
1,580
Social Security and other taxes
5,435
2,701
Sundry Creditor
2,658
2,691
Trade Creditor’s
1,458
4,914
13,216
11,886
**Note 9. CREDITORS FALLING DUE**
**2023**
**2022**
**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-23**|||**Inyear**||**foryear**|**31-Dec-23**| |||**£**||**£**||**£**|**£**| |||440||8,030||1,826|6,644| |||8,058||7,750||6,161|9,647| |||8,498||15,780||7,987|16,291| ||
|**2023**
**£**
944
32,761
5,750
**39,455**|||||| ||||||||| |**NOTE. 7 INVESTMENTS**||**2023**|||**2022**||| |||**£**|||**£**||| |Market value at 1stJanuary||24,000||26,549|||| |Unrealised investmentgain/(loss)||555||(2,549)|||| |Disposalproceeds||24,555||0|||| |Market value at 31stDecember||50,000||24,000|||| |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||**2023**
**£**
3,664
5,435
2,658
1,458|||||| |||13,216|||||| 9 INDEPENDEIIT EXAMINERS REpoKr YEAR ENDED 31 OECEMBER 21f23 knd•p•nd•nt Examln•r• r•portto the m•mb•f8 of H•adway Ctstswold Trust Llmll I rewt lo Ihe tru$t••s on my •xamlnallon ofth• accounti of the above chaiity {Iho Tru8t") for the year 8nd•d 31 Dacomber 2023. Respon￿bIlItI￿ and ba•1• of r•port As the th8nlVs tntst8es. you are responsiNe for Ihe pr•paratk)n of the arxoun15 In 8ccudaf with r•quir•ménls ol the Charities Acl 20111.the Ad"). I report in r¢spod of my oxamination of the aGGounts carrted out uThJ•r Soction 145 01 thè 2011 Acl and in Garrying out my examination, I have fo11th￿l all tho oppllcablo DlrodM$ given by ihe Charty Commlsslon undgr sectlon 145(5Xbl ol the Acl. Indop•nd•nt •x•min•rfs •lat•rn•nt I have ¢omKAeted my 0x8m1n4li￿, I confirn that no material maltors ho￿ c¢m• to my attention in connection wlth lh• éxamlnation whith ￿'v•S m• cau$8 to believe that in, any material respe¢t'. lh• vxounllng rocord8 noi kopl in accordancé with sadion 130 of the Charili6S A¢L or Ihe accounts thd not accord wilh th• aCc￿ni)ng records: or the accounls did not coMF￿Y with the ￿pF￿1Cat￿£ requiromgnts W4comtrvJ the form and contenl ol accounts set out In the Charities (Acc￿nts and Reports) Re9ulatson$ 2008 other than any requiromenl Ihal Ihe accounts give 8 Irue and view which Is r￿1 a mattor con$idergd as part of an Independent examinabon. I ha￿ no concerns aThl have come ocross no olher matters in c<￿nectIon with the examination to which altentbcffi should be drawn in this r•port in order to •nabl¢ a propor underslandlng ol the accounts to be reached. Simon Jam8s Gill- 8a Hons. FCCA, TEP 7 Poppy ￿e￿W Closé Wllcombe GI￿o$1er GL3 4XG 1610812024 ## **INCOME AND EXPENDITURE ACCOUNT - For the year ended 31st December 2023** |**INCOME**
Attenders funding
Fund raising and collections
Gift Aid Tax Recovered
Grants and sponsorship
Members subscriptions
Legacy Proceeds
Interest Received
Dividend income
Increase/decrease in CAF Investment
**EXPENDITUREDirect Costs**
Staff – Salaries
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
Equipment Hire
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**
**SURPLUS OF INCOME OVER EXPENDITURE**|**2023**
**£**
210,610
16,320
800
19,670
0
340,000
10,008
1,605
555
**559,568**
221,453
753
736
1,610
435
11,261
7,145
186
372
0
**243,951**
2,247
9,313
9,956
13,441
**34,957**
1,353
0
222
330
6,248
15,164
0
0
0
2,993
120
0
869
6,161
1,826
**35,286**
**314,194**
**285,374**|**2022**
**£**
192,719
47,131
1,436
14,392
0
630
694
- 2,550| |---|---|---| |||**254,452**| |||209,677
358
875
99
317
8,233
5,562
37
0
0| |||**225,158**| |||457
6,410
9,086
12,048| |||**28,001**| |||1,203
0
319
3,671
11,492
0
- 500
0
2,511
139
0
30
3,659
220| ||**35,286**|**22,744**| ||**314,194**|**275,903**| ||**285,374**|**- 21,451**| This page does not form part of the statutory financial statements. 11