HEADWAY COTSWOLD TRUST LIMITED
ANNUAL REPORT
and
ACCOUNTS 2024
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
DIRECTORS F Cranmore P Davies C B Johnson P Lonsdale H Osborne J Bees A Hewitt 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
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REPORT OF THE DIRECTORS
The Directors present their report with the financial statements of the company for the year ended 31[st] December 2024.
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:-
C B Johnson J Bees F Cranmore P Lonsdale P Davies H Osborne A Hewitt
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 17[th] June 2025.
C B Johnson – Secretary
19[th] June 2025
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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 2024.
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 12 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 have been fortunate to receive grant funding for several projects in 2024 and this included measures to allow us to ensure our building was more environmentally friendly, with solar panels, new insulation, new windows and doors and LED lighting throughout. We are also grateful for the support of volunteers from local businesses who helped redecorate the inside of the building. Through other grant applications, we have been able to begin to use our garden, with a wheelchair friendly path now in place with planters and plans to grow vegetables.
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 2024. 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 gifts left to the charity.
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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) 18[th] May 2025
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STATEMENT OF FINANCIAL ACTIVITIES
for the Year ended 31st December 2024
| NOTE RESTRICTED DESIGNATE UNRESTRICTED TOTALS FUNDS FUNDS FUNDS 2024 |
NOTE RESTRICTED DESIGNATE UNRESTRICTED TOTALS FUNDS FUNDS FUNDS 2024 |
NOTE RESTRICTED DESIGNATE UNRESTRICTED TOTALS FUNDS FUNDS FUNDS 2024 |
TOTALS 2023 |
|
|---|---|---|---|---|
| Incoming Resources Atenders fees and funding Fund raising and donatons Legacy Proceeds Restricted fund donatons and grants Transfer between funds Gif aid recovered Grants Members subscriptons Interest received 2 |
£ - - - - - - - - - |
£ £ £ - 227,663 227,663 - 37,640 37,640 - 57,451 57,451 - - - - - - - 41 41 - 73,994 73,994 - - - - 19,586 19,586 |
£ 210,610 16,320 340,000 - - 800 19,670 - 11,6 13 |
|
| Total incomingresources | - | - 416,375 416,375 |
599,013 | |
| Charitable Expenditure Restricted funds expenditure Direct costs Support costs Administraton |
4,441 - - - |
- 4,441 - - 328,629 328,629 - 108,528 108,528 - 40,760 40,760 |
- 243,951 34,957 35,286 |
|
| Total Charitable Expenditure |
4,441 | - 473,476 477,917 |
314,194 | |
| Net Income/(Expenditure) for the year 1 - Unrealised Gain/(Loss) on Investments |
4,441 - |
- - 57,101 - 61,542 - 3,977 3,977 |
284,819 555 |
|
| NET MOVEMENT IN FUNDS - |
4,441 | - - 53,124 - 57,565 |
285,374 | |
| FUND BALANCES AT 1ST JANUARY |
5,600 340,000 169,380 514,980 |
229,606 | ||
| FUND BALANCES AT 31ST DECEMBER 4 |
1,159 340,000 116,256 457,415 |
514,980 |
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| BALANCE SHEET | 2024 | 2023 | |||
|---|---|---|---|---|---|
| as at 31st December 2024 | £ | £ | |||
| FIXED ASSETS | |||||
| Freehold Property | 576,771 | 576,771 | |||
| Ofce Equipment | 2,756 | - | |||
| Fixtures & Fitngs | 5 | 15,721 | 16,290 | ||
| TOTAL FIXED ASSETS | 595,247 | 593,061 | |||
| CURRENT ASSETS | |||||
| Debtors and Prepayments | 6 | 40,858 | 39,455 | ||
| Investment in M& G Fund | 7 | 53,977 | 50,000 | ||
| Cash at Bank and in Hand - | |||||
| Designated Funds | 4 | 340,000 | 340,000 | ||
| Restricted Funds | 4 | 1,159 | 5,600 | ||
| Unrestricted Funds | 8,984 | 74,561 | |||
| TOTAL CURRENT ASSETS | 444,978 | 509,617 | |||
| CREDITORS | |||||
| Amounts falling due within one | |||||
| year | 8 | 10,409 | 13,216 | ||
| NET ASSETS | 1,029,818 | 1,089,462 | |||
| CREDITORS | |||||
| Amounts falling due more than | |||||
| one year | 9 | 150,000 | 150,000 | ||
| NET ASSETS | 879,818 | 939,462 | |||
| FUND BALANCES | |||||
| Capital Reserves | 448,909 | 448,908 | |||
| Designated | 340,000 | 35,000 | |||
| Restricted | 4 | 1,159 | 5,600 | ||
| Unrestricted | 89,750 | 144,954 | |||
| TOTAL FUND BALANCES | 879,818 | 939,462 |
For the year ending 31 December 2024 the company was entitled to exemption from audit under Section 477 of the Companies Act 2006. The members have not required the
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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 8 and 9 form part of these financial statements.
NOTES TO THE ACCOUNTS FOR THE FINANCIAL YEAR ENDING 31 DECEMBER 2024
NOTE 1. ACCOUNTING POLICIES
TURNOVER
The turnover and net income are attributable to the one principal activity of the company. OPERATING SURPLUS/DEFICIT
| OPERATING SURPLUS/DEFICIT | ||
|---|---|---|
| The operatng surplus/defcit is stated afer charging: | 2024 | 2023 |
| £ | £ | |
| Depreciaton - Owned Assets | 14,293 | 7,987 |
| Director’s Emoluments | Nil | Nil |
| NOTE 2. INVESTMENT INCOME | 2024 | 2023 |
| £ | £ | |
| Investment Income | 19,586 | 11,614 |
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. 2024 Received Spent 31 Dec. 2024 £ £ £ £ |
NOTE 4.DESIGNATED AND RESTRICTED FUNDS 1 Jan. 2024 Received Spent 31 Dec. 2024 £ £ £ £ |
NOTE 4.DESIGNATED AND RESTRICTED FUNDS 1 Jan. 2024 Received Spent 31 Dec. 2024 £ £ £ £ |
NOTE 4.DESIGNATED AND RESTRICTED FUNDS 1 Jan. 2024 Received Spent 31 Dec. 2024 £ £ £ £ |
NOTE 4.DESIGNATED AND RESTRICTED FUNDS 1 Jan. 2024 Received Spent 31 Dec. 2024 £ £ £ £ |
|---|---|---|---|---|
| Designated for future building costs | 340,000 | 0 | 0 | 340,000 |
| Restricted for Garden Project | 609 | 0 | 0 | 609 |
| Restricted for specifc client needs | 591 | 0 | 591 | 0 |
| Restricted Fund -ABI Film Project | 4,400 | 0 | 3,850 | 550 |
| Total Restricted Funds | 345,600 | 0 | 4,441 | 341,159 |
NOTE 5. TANGIBLE FIXED ASSETS
Depreciation is provided at the following annual rates in order to write off each asset over
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| its estmated useful life Freehold Property Furniture ,fxtures and ftngs Ofce Equipment Computer Equipment Furniture ,fxtures and ftngs Computer Equipment Ofce Equipment Total NOTE 6. DEBTORS Invoices outstanding from 30.11.2023 December invoices Payments/Other Debtors |
Rate Basis 0% 20% 20 % 33% straight line straight line straight line |
Rate Basis 0% 20% 20 % 33% straight line straight line straight line |
Rate Basis 0% 20% 20 % 33% straight line straight line straight line |
Rate Basis 0% 20% 20 % 33% straight line straight line straight line |
Rate Basis 0% 20% 20 % 33% straight line straight line straight line |
Rate Basis 0% 20% 20 % 33% straight line straight line straight line |
Rate Basis 0% 20% 20 % 33% straight line straight line straight line |
|---|---|---|---|---|---|---|---|
| NBV | Additons | **Dep,n ** | NBV | ||||
| 01-Jan-24 | Inyear | foryear | 31-Dec-24 | ||||
| £ | £ | £ | £ | ||||
| 6,644 | 14,101 | 5,024 | 15,721 | ||||
| 4,755 | - | 2,387 | 2,377 | ||||
| 7,270 | - | 6,891 | 379 | ||||
| 18,669 | 14,101 | 14,293 | 18,477 | ||||
| 2024 £ 20 35,229 5,612 40,858 |
|||||||
| NOTE. 7 INVESTMENTS | 2024 | 2023 | |||||
| £ | £ | ||||||
| Market value at 1stJanuary | 50,000 | 24,000 | |||||
| Unrealised investmentgain/(loss) | 3,977 | 555 | |||||
| Disposalproceeds | - | 24,555 | |||||
| Market value at 31stDecember | 53,977 | - | |||||
| Cost 31stDecember 2015 | 50,000 | 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 operatons. Conditon applies untl 2029 |
2024 £ 2,892 4,414 2,951 151 |
||||||
| 10,409 |
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INCOME AND EXPENDITURE ACCOUNT - For the year ended 31st December 2024
INCOME 2024 2023 £ £
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| Atenders funding 227,663 Fund raising and collectons 37,591 Gif Aid Tax Recovered 41 Grants and sponsorship 73,994 Members subscriptons 0 Legacy Proceeds 57,451 Interest Received Dividend income 15,835 3,750 Increase/decrease in CAF Investment 3,977 420,302 EXPENDITURE Direct Costs Staf – Salaries 305,129 Staf - Training and Expenses 2,114 Staf – Travel costs 1,028 Staf - Recruitment and Advice 118 Volunteers Expenses 482 Actvity Costs 10,818 Catering 8,650 Non-food catering costs 96 Fundraising costs 195 Atenders Travel Costs 0 328,629 Support Costs Insurance 4,864 Pullman Court Maintenance 78,152 Pullman Court heatng lightng & water rates 10,193 Pullman Court cleaning & waste disposal 15,320 108,528 Administraton Expenses Printng, Statonery and Postage 1,521 PR and Marketng 0 Ofce Equipment Maintenance Equipment & Room Hire 233 584 Telephone & broadband 5,325 Computer Sofware & Hardware 12,192 Trustees Expenses 0 Accountancy & legal costs 500 Miscellaneous Expenses 0 Professional Fees 4,907 Bank Charges 123 Membership Fees 155 Bad debt 927 Depreciaton Ofce Equipment 9,269 Depreciaton Fix & Fitngs 5,024 40,760 TOTAL EXPENDITURE FOR THE YEAR 477,917 SURPLUS OF INCOME OVER EXPENDITURE - 57,615 This page does not form part of the statutory fnancial statements. |
210,610 16,320 800 19,670 0 340,000 10,008 1,605 555 |
|---|---|
| 599,568 | |
| 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 | |
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