## _**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 1 ## **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 2 ## **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 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 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 4 ## **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**| 5 |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**| 6 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**| 7 ## **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|||||||| 8 INDEPENDENT EXAMINERS REpoirr YEAR ENDED 31 DECEMBEA 2025 Ind•p￿￿nI 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 respons1t￿e 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 w￿re 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 req￿reMent 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 GI0￿ester 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. 10