HEADWAY COTSWOLD TRUST LIMITED
ANNUAL REPORT
and
ACCOUNTS 2025
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
F Cranmore P Davies J Long P Lonsdale H Osborne J Bees A Hewitt
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 2025.
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:-
P Davies J Bees F Cranmore P Lonsdale J Long H Osborne A Hewitt
CHAIR P Davies
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 14[th] April 2026.
P Davies – Chairman 3[rd] June 2026
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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 2025.
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 meet bi-monthly to set the strategic policies of the charity. The day-to-day management is delegated to our 14 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 individuals with an acquired brain injury 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.
We have been fortunate to receive grant funding for several projects in 2025 and this included support to deliver Headway sessions (Hubs) across Gloucestershire and to commence a Hospital Liaison Service at Gloucester Royal Hospital. We also received a grant to support additional exercise sessions which include Yoga and Tai Chi. We are also grateful for the support of volunteers from local businesses who helped improve our garden.
The Trustees thank our dedicated staff and volunteers for their commitment and resilience through this year, making an immeasurable contribution to the success of Headway Gloucestershire throughout 2025. 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
P Davies – Chairman 3[rd] June 2026
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STATEMENT OF FINANCIAL ACTIVITIES
for the Year ended 31st December 2025
| NOTE RESTRICTED DESIGNATE UNRESTRICTED TOTALS FUNDS FUNDS FUNDS 2025 |
NOTE RESTRICTED DESIGNATE UNRESTRICTED TOTALS FUNDS FUNDS FUNDS 2025 |
TOTALS 2024 |
|
|---|---|---|---|
| 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 |
£ £ £ £ - - 239,034 239,034 - - 20,573 20,573 - - 474 474 - - - - - 1,159 - 160,000 161,159 - - - 817 817 - - 107,352 107,352 - - 120 120 - - 18,326 18,326 |
£ 227,663 37,640 57,451 - - 41 73,994 - 19,586 |
|
| Total incomingresources - |
1,159 - 160,000 547,854 386,695 |
416,375 | |
| Charitable Expenditure Restricted funds expenditure Direct costs Support costs Administration |
- - - - - - 355,882 355,882 - - 69,687 69,687 - - 48,780 48,780 |
- 328,629 108,528 40,760 |
|
| Total Charitable Expenditure |
- - 474,348 474,348 |
477,917 | |
| Net Income/(Expenditure) for the year 1 Unrealised Gain/(Loss) on Investments |
- - 73,505 - 87,654 - - 9,352 9,352 |
- 61,542 3,977 |
|
| NET MOVEMENT IN FUNDS - |
1,159 - 160,000 82,857 - 78,302 |
- 57,565 | |
| FUND BALANCES AT 1ST JANUARY 1,159 340,000 89,750 430,909 |
514,980 | ||
| FUND BALANCES AT 31ST DECEMBER 4 - 180,000 172,607 352,607 |
457,415 |
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| BALANCE SHEET | 2025 | 2024 | ||
|---|---|---|---|---|
| as at 31st December 2025 | £ | £ | ||
| FIXED ASSETS | ||||
| Freehold Property | 576,771 | 576,771 | ||
| Office Equipment | 1,504 | 2,756 | ||
| Fixtures & Fittings | 5 | 42,576 | 15,721 | |
| TOTAL FIXED ASSETS | 620,850 | 595,248 | ||
| CURRENT ASSETS | ||||
| Debtors and Prepayments | 6 | 36,974 | 40,858 | |
| Investment in M& G Fund | 7 | 113,329 | 53,977 | |
| Cash at Bank and in Hand - | ||||
| Designated Funds | 4 | 180,000 | 340,000 | |
| Restricted Funds | 4 | - | 1,159 | |
| Unrestricted Funds | 13,774 | 8,984 | ||
| TOTAL CURRENT ASSETS | 344,077 | 444,978 | ||
| CREDITORS | ||||
| Amounts falling due within one | ||||
| year | 8 | 13,411 | 10,409 | |
| NET ASSETS | 951,515 | 1,029,817 | ||
| CREDITORS | ||||
| Amounts falling due more than | ||||
| one year | 9 | 150,000 | 150,000 | |
| NET ASSETS | 801,515 | 879,817 | ||
| FUND BALANCES | ||||
| Capital Reserves | 448,908 | 448,909 | ||
| Designated | 180,000 | 340,000 | ||
| Restricted | 4 | - | 1,159 | |
| Unrestricted | 172,607 | 89,750 | ||
| TOTAL FUND BALANCES | 801,515 | 879,818 |
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For the year ending 31 December 2025 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 11 and 12 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
The operating surplus/deficit is stated after charging:
| The operating surplus/deficit is stated after charging: | 2025 | 2024 |
|---|---|---|
| £ | £ | |
| Depreciation - Owned Assets | 13,742 | 14,293 |
| Director’s Emoluments | Nil | Nil |
| NOTE 2. INVESTMENT INCOME | 2025 | 2024 |
| £ | £ | |
| Investment Income | 18,326 | 19,586 |
NOTE 3. TAXATION
The company is a Registered Charity and is exempt from Taxation under Section 505 Income and Corporation Taxes Act 1988
| and Corporation Taxes Act 1988 | and Corporation Taxes Act 1988 | and Corporation Taxes Act 1988 | and Corporation Taxes Act 1988 | |
|---|---|---|---|---|
| NOTE 4.DESIGNATED AND RESTRICTED FUNDS 1 Jan. 2025 Received Spent £ £ £ |
31 Dec. 2025 £ |
|||
| Designated for future building costs | 340,000 | 0 | 160,000 | 180,000 |
| Restricted for Garden Project | 609 | 0 | 609 | 0 |
| Restricted for specific client needs | 0 | 0 | 0 | 0 |
| Restricted Fund -ABI Film Project | 550 | 0 | 550 | 0 |
| Total Restricted Funds | 341,159 | 0 | 161,159 | 180,000 |
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NOTE 5. TANGIBLE FIXED ASSETS
| NBV | NBV | NBV | NBV | Additions | Additions | Additions | Dep,n | NBV | |
|---|---|---|---|---|---|---|---|---|---|
| 01-Jan-25 | Inyear | foryear | 31-Dec-25 | ||||||
| £ | £ | £ | £ | ||||||
| 15,721 | 37,472 | 10,617 | 42,576 | ||||||
| 2,377 | 1,873 | 3,001 | 1,249 | ||||||
| 379 | - | 124 | 255 | ||||||
| 18,477 | 39,345 | 13,742 | 44,080 | ||||||
| 2025 £ 93 36,118 763 36,974 |
|||||||||
| NOTE. 7 INVESTMENTS | 2025 | 2024 | |||||||
| £ | £ | ||||||||
| Market value at 1stJanuary | 53,977 | 50,000 | |||||||
| Investment in 2025 | 50,000 | - | |||||||
| Unrealised investmentgain/(loss) | 9,352 | 3,977 | |||||||
| Disposalproceeds | - | - | |||||||
| Market value at 31stDecember | 113,329 | 53,977 | |||||||
| Cost 31stDecember 2015 | 100,000 | 50,000 | |||||||
| 2025 £ 3,240 6,366 2,694 1,112 |
|||||||||
| 13,411 |
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INDEPENDENT EXAMINERS REpoirr YEAR ENDED 31 DECEMBEA 2025 Ind•pnI Examln•r8 V•W to tho membw• ot H•adway Col•wold Trusl Llmlt•d I report to the trusloes on my examination ol tho accounts ol ihe above Charity (Ihe Trust.) tor the year ended 31 Docember 2025. Rwpon•lblllll•• •nd ba•1• of v•port As the charivs trustees. yw are respons1te for th& preparalicn of the accounts in accordanc¢ wilh the requirements of the Charities Act 20111.the Act')- I report in respect ol my examinalion ol the Trusys accounts carried oul urnler sactlon 145 01 the 2011 Act and in carrying out my examinallm, I have lolk)wed all the applicable Direcli¢)ns glven by Ihe Charity Commission under secllon 145ISKb) ol the Acl. Irbd•p•ndenl •xamlner'• •latem I have mpleted my examination. I conltrm Ihat no matedal matlors hava come to my attention in conne¢tlon th the examination whith giv88 me cause lo believe Ihal in. any malorial respocL the accounling rocords wre not kept in accordance wlth séclithi 130 of the Chariti88 Act- or the accounts dld not accord wlih the accounilng rKords: or accourrts th'd not comply wtrlh the aFylica¢ requirements conceming Ihe lomi c<)nlent of accounts set out in Ihe Chanbes (Accounts and Reports) Regulations 2008 other than any reqreMent thal the accwnls give a Iwe and fair view vthiGh 1$ not a matter considered as part ol an indepondent examinati¢)n. I hav8 rK) cijncems and have come across no othgr matters in conr*eclth with Ihe examinallon to whKh attenlion should be drawn in r•port in ord•r to enable a proper vnderslandlng ol ihe accounts lo ba reached. &nN)n Jamos Gill . 8a Hons. FCCA. TEP 7 P¢)ppy Meadow Close Wicombe GI0ester QL3 4XG
| INCOME AND EXPENDITURE ACCOUNT - For the 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 - Other costs 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 Office Equipment Maintenance Equipment & Room 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 |
year ended 31st December 2025 2025 2024 £ £ 239,034 227,663 20,573 37,591 817 41 107,352 73,994 120 0 474 57,451 15,057 3,268 15,835 3,750 9,352 3,977 396,046 420,302 318,202 305,129 800 887 2,114 1,917 1,028 1,755 118 813 482 18,891 10,818 11,140 8,650 333 96 222 195 922 0 355,882 328,630 6,049 4,864 35,001 78,152 8,217 10,193 20,419 15,320 69,687 108,529 1,590 1,521 288 3,998 233 584 5,431 5,325 14,985 12,192 100 0 0 500 0 0 8,237 4,907 68 123 155 155 186 927 3,125 9,269 10,617 5,024 48,780 40,760 474,348 477,919 - 78,302 - 57,617 |
year ended 31st December 2025 2025 2024 £ £ 239,034 227,663 20,573 37,591 817 41 107,352 73,994 120 0 474 57,451 15,057 3,268 15,835 3,750 9,352 3,977 396,046 420,302 318,202 305,129 800 887 2,114 1,917 1,028 1,755 118 813 482 18,891 10,818 11,140 8,650 333 96 222 195 922 0 355,882 328,630 6,049 4,864 35,001 78,152 8,217 10,193 20,419 15,320 69,687 108,529 1,590 1,521 288 3,998 233 584 5,431 5,325 14,985 12,192 100 0 0 500 0 0 8,237 4,907 68 123 155 155 186 927 3,125 9,269 10,617 5,024 48,780 40,760 474,348 477,919 - 78,302 - 57,617 |
|---|---|---|
| 420,302 | ||
| 305,129 2,114 1,028 118 482 10,818 8,650 96 195 0 |
||
| 328,630 | ||
| 4,864 78,152 10,193 15,320 |
||
| 108,529 | ||
| 1,521 233 584 5,325 12,192 0 500 0 4,907 123 155 927 9,269 5,024 |
||
| 48,780 | 40,760 | |
| 474,348 | 477,919 | |
| - 78,302 |
- 57,617 |
This page does not form part of the statutory financial statements.
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