## _**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
1
## **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
2
## **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
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 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.
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) 18[th] May 2025
5
## **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**|
6
|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
7
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
8
|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
||||||
9
**INCOME AND EXPENDITURE ACCOUNT - For the year ended 31st December 2024**
**INCOME 2024 2023 £ £**
10
|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**|
|||
11