Registered number- 02509780 Charity number- 900591 HEADWAY THAMES VALLEY LIMITED (A Company Limited by Guarantee) UNAUDITED TRUSTEES. REPORT AND FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2022
HEADWAY THAMES VALLEY LIMITED IA Company Limited by Guarantee) CONTENTS Page Reference and Administrative Detsils of the Companyj its Twstees and Advisers Trustees. Report Trustees. Responsibilities Ststement Independent Examiner's Report ststement of Financial Activities Balance Sheet 10 Notes to the Financial Statements
HEADWAY THAMES VALLEY LIMITED IA Company Limited by Guarantee) REFERENCE AND ADMINISTRATIVE DETAILS OF THE COMPANY. ITS TRUSTEES AND ADVISERS FOR THE YEAR ENDED 31 MARCH 2022 Trustees N J Barter-walsh R P Gilby R Gilson MPNeal T Satterthwatte K E Milan Angela Lee (Appointed 8 December 2021) Company registered number 02509780 Charity registered number 900591 Registered office Fourth Floor Abbots House Abbey Street Reading Berkshire RG13BD Treasurer N J Barter-walsh Accountants James Cowper Kreston Reading Bridge House George Street Reading Berkshire RG1 8LS Page 1
HEADWAY THAMES VALLEY LIMITED IA Company Limited by Guarantee) TRUSTEES. REPORT FOR THE YEAR ENDED 31 MARCH 2022 The Trustees, who are also directors of the charity for the purposes of the Companies Act 2006, present their annual report together with the financial statements of Headway Thames Valley Limited Ilhe Charilyl for the year ended 31 March 2022. The Trustees confirm that the Annual Report and financial statements of the company comply with the current statutory requirements, the requirements of the companls governing document and the provisions of the Statement of Recommended Practice ISORPI, applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland IFRS 1021 leffective 1 Jaunary 20191. sin the Charity qualifies as small under section 383, the strategic report required of medium and large companies under The Companies Act 2006 (Strategic Report and Director's Report) Regulations 2013 is not required. CHAIRMAN'S STATEMENT The most important thing lo note this year is huge credit to Jamie and the team for the way they have overseen the beginning of a retum lo a post-covid way of working, whilst retaining some of the innovations that were necessary during that time. This is critical to succeeding in our charity's mission in turbulent times. From a fundraising and events perspective il has been fantastic lo see a return to planning in-person events, which is something we are looking forward lo in the coming year. Despite this restriction, we have received significant and invaluable support from our donors as well as some new grants to support some of the exciting new servIs, and it is further credit to the team that we have been able to achieve our goal lo break even. We look forward to continuing some exciting progress next year in terms of both the ServIS we are able lo offer and the way in which we are able lo engage with our community of supporters. There will undoubtedly be more challenges, most notably in terms of financial pressures on individuals and the organisalions that support them. We have protected and built on a solid base from which to add our own support. I WOLJld again like lo thank all the team the staff and volunteers and everyone who has supported the charity in the last year. Tom Satterthwaite Chaimian - Headwa Thames Valle MANAGER'S REPORT Given the uncertainty faced across the world in 2020-2021, our goal for this year was to get back to steady and consislenl service deliveries. Some of the changes we made during the pandemic have remained,. for example, our Centre continues to operate 4 days a week rather than 2, working with smaller groups of clients on each day. This originally emerged as a social distancing solution but we soon saw that we were able to deliver a richer Servi by working in this way. Furthermore, we have continued to deliver group services on a screen for some of our clients. Prior lo the pandemic we would run peer support groups for those with mild or moderate brain injury al various locations across Berkshire and South Oxfordshire. Since moving these groups to a screen, we have managed to group our clients by far more than their home town and again, the service is better for this change. Having noticed a dip in our referral numbers, we made a conscious effort to interact with historical referrers, such as GP surgeries, local hospitals and social services. We presented lo each of them on our post pandemic services and the changes we've made to ensure a safe delivery of support to adults who have suffered an acquired brain injury. We also appointed our first CommLJnicalions Officer lo fLJrther ensure those who could benefit from our support are aware of us. We hope this appointment will also strengthen our varioLJS fundraising streams. Last year we launched our NeLJro Rehab Service and we have been pleased to pair our amazing clinicians up with a lol of clients who couldn't afford to access a service like this privately, nor was it available through the NHS. Page 2
HEADWAY THAMES VALLEY LIMITED IA Company Limited by Guarantee) TRUSTEES. REPORT ICONTINUEDI FOR THE YEAR ENDED 31 MARCH 2022 In the year ahead we will continue lo aim for slow and steady growth, aiming to work wth everyone in Berkshire and South Oxfordshire who might benefit from our services. Thank you to everyone who continues to support Headway Thames Valley each year, including our fantastic staff, trustees, volunteers, clients, and supporters. Jamie Higgins Mana er of Headwa Thames Valle STRUCTURE, GOVERNANCE AND MANAGEMENT Governing document The organisalion is a charitable company, limited by guarantee, incorporated on 8th June 1990 and registered as a Charity on 12th July 1990. The charitable company was established under a Memorandum of Association which established the objects and powers of the charitable company and is governed under ils Articles of Association. OirectorsrUSteeS Induction and Training Most directorsllrustees are already familiar with the practical work of the charity, having either a personal involvement or a long-time investment in what il does. Additionally, new direclorsllruslees are invited and encouraged lo attend training sessions offered to familiarise themselves with the charity and how it operates. Organisational Structure Headway Thames Valley has a Management Committee which meets al least 8 times a year and is responsible for the strategic direction and policy of the charity. During the year there were 6 Trustees from a variety of backgrounds relevant lo the work of the charitable company. A scheme of delegation is in place, and day lo day responsibility for the provision of the services at the Resource Centre rests with the Manager. Key Management Personnel Key management personnel consists of the Manager, Jamie Higgins, who is responsible for the operations of the charity, reports regularly to the chairman Tom Satterthwaile and allends Iruslee meetings. Key management personnel are remunerated al appropriate levels and are reviewed on an annual basis by the Trustees. Network Headway Thames Valley is affiliated lo Headway UK which was formed in 1979. A steering committee was sel up and registered Headway National Head Injuries Association as a charitable trust in 1980. In 1989 they became a company limited by Guarantee. In 1999, Headway UK changed ils name from Headway National Head Injuries Association lo Headway - the brain injury association. Since 1979 the organisation has increased from one steering committee lo over 120 groups and branches throughout the UK. Headway UK is run by ils members headed by a Board of Trustees and staff al a Nottingham office and a London office. Although affiliated to Headway UK and required to pay an affiliation fee, Headway Thames Valley is run entirely independently of Headway UK. However, through the various departments which make up the organisalion, Headway Thames Valley gains valuable support and assistance Ilhough not financiall from the national organisalion. Page 3
HEADWAY THAMES VALLEY LIMITED IA Company Limited by Guarantee) TRUSTEES. REPORT ICONTINUEDI FOR THE YEAR ENDED 31 MARCH 2022 Risk Assessment The directors have considered the major risks which the charitable company faces and confim) that systems have been estsblished lo ensure that the necessary actions may be taken. Objectives and Activities The charitable companvs objectives and principal activities are to.. Support those with acquired brain injury and their families in the Thames Valley area Offer a range of centre based activities Play our part in seeking lo improve statutory services Raise awareness of the causes and effects of acquired brain injury amongst the general public Work in partnership with other organisations that strive to improve the lives of those with acquired brain injury. The main objectives and activities for the year continued to focus on providing as wide a range of services as possible whilst keeping lo our budgetary disciplines. We also continued lo offer outreach and education serviTrs and provide placements for new graduates. The following objectives have been mel.. Working towards meeting or exedIng all Governan Standards set by Headway UK Working towards meeting or exedIng NSF Guidelines with particular referen to quality requirements. Providing community based rehabilitation and support, help with long term adjuslmenl, social integration, enablement, supporting families and carers and offering long term support Operating an effective training and development programme for all staff and volunteers Increasing our fundraising efforts As well as 16 staff and volunteers, Headway Thames Valley has agreements during the year with 4 professional therapists and consultants. Volunteers are recruited from a variety of sources and given appropriate training along wtth the staff. Achievements and Perforrnance While we were extremely proud of the support we provided throughout the pandemic, it has been fantastic to work with a bit more freedom in the last year and engage with many of our clients in a face to face setting once again. We have supported over 120 clients as well as their families and carers. Some of the support we've provided includes 350 hours of Art Therapy, 230 hours of adapted Exercise Classes, 160 hours of Tai chi, 580 hours of Upcycling and 430 hours of Music Therapy all in our centre in Henley. Other services have continued to be available online, including our Community Groups and Living wth Brain Injury Course, where we have delivered 528 hours of education, peer support and advice, facilitated by our Occupational Therapist. Since launching our Neuro Rehab Service earlier in the year, we have dleivered 36 hours of Neuro Psychology. 36 hours of Neuro Physio and 12 hours of Speech and Language Therapy. Plans for the Future As noted in our Ch8irm8n's statement we aim lo achieve modest growth in the next year as we understand and respond lo our clients, needs. Public Benefit The Trustees confirm that they have complied with the Charities Act 2011 to have due regard to the Charity Commission general guidance on public benefit. Page 4
HEADWAY THAMES VALLEY LIMITED IA Company Limited by Guarantee) TRUSTEES. REPORT ICONTINUEDI FOR THE YEAR ENDED 31 MARCH 2022 Financial Review The Charity made an operating surplus in the year of £24,81912021'. defecil £1,984) this enhances the charitls having a strong reserves position al the year end of £228,805 of which £206,379 is unreslricled funds and is represented by £181,098 of unreslricled cash reserves. During the year, the charity received £77,414 in the form of general donations and from fundraising activities 12021.. £68,321). Reserves Policy The charity has a reseNes policy whereby a salary fund has been set up that is eamiarked as the provision of cash resources lo support staff salaries. The salary reserve of £50,00012021'. £50,000) is currently al a level lo cover these costs for approximately 6 months. Unrestricted reserves after the salary reserve of £156,379 are deemed sufficient to support the Charit$ future plans. This reserves policy is reviewed by the charity annually as part of its budgeting process. Approved by order of the members of the board of Trustees and signed on their behalf by.. T Satterthwaite (Chair of Trustees) Date., 7 1'):'2O22 Page 5
HEADWAY THAMES VALLEY LIMITED IA Company Limited by Guarantee) STATEMENT OF TRUSTEES. RESPONSIBILITIES FOR THE YEAR ENDED 31 MARCH 2022 The Trustees (who are also the directors of the Company for the purposes of company lawl are responsible for preparing the Trustees. Report and the financial statements in accordance with applicable law and United Kingdom Accounting Standards (United Kingdom Generally ACpted Accounting Praclicel. Company law requires the Trustees to prepare financial statements for each financial . Under company law, the Trustees must not approve the financial statements unless they are satisfied that they give a true and fair view of the slate of affairs of the Company and of its incoming resources and application of resources, including Its income and expenditure, for that period. In preparing these financial statements, the Trustees are required lo.. select suitable accounting policies and then apply them consistently., observe the methods and principles of the Charities SORP IFRS 1021., make judgments and accounting estimates that are reasonable and prudent., stale whether applicable UK Accounting Standards IFRS 1021 have been followed, subject lo any materi81 departures disclosed and explained in the financial statements., prepare the financial statements on the going concern basis unless il is inappropriate to presume that the Company will continue in business. The Trustees are responsible for keeping adequate accounting records that are sufficient lo show and explain the Companls transactions and disclose with reasonable accuracy al any time the financial posrfcion of the Company and enable them to ensure that the financial slalements comply wrfch the Companies Act 2006. They are also responsible for safeguarding the assets of the Company and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities. Page 6
HEADWAY THAMES VALLEY LIMITED IA Company Limited by Guarantee) INDEPENDENT EXAMINER'S REPORT FOR THE YEAR ENDED 31 MARCH 2022 Independent Examiner's Report to the Trustees of I'the Company'l I report to the charity Trustees on my examination of the accounts of the Company for the year ended 31 March 2022. Responsibilities and Basis of Report As the TrLJslees of the Company land its directors for the purposes of company lawl you are responsible for the preparation of the accounts in accordance with the requirements of the Companies Act 20061'the 2006 AcV}- Having satisfied myself that the accounts of the Company are not required to be audited under Part 16 of the 2006 Act and are eligible for independent examination, I report in respect of my examination of the Companls accounts carried out under secb.on 145 of the Charities Act 2011 {'Ihe 2011 Acl'l. In carrying out my examination I have followed the Directions given by the Charity Commission under section 145151{bl of the 2011 Act. Independent Examiner's Statement I have completed my examination. I confirm that no matters have come lo my attention in connection with the examination giving me cause to believe.. accounting records were not kept in respect of the Company as required by section 386 of the 2006 Act., or the accounts do not accord with those records., or the accounts do not comply with the accounting requirements of section 396 of the 2006 Act other than any requirement that the accounts give a 'lrue and fairf view which is not a maller considered as part of an independent examination., or the accounts have not been prepared in accordance with the methods and principles of the Statement of Recommended Practice for accounting and reporting by charities applicable lo charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland {FRS 1021. I have no concerns and have come across no other matters in connection with the examination to which attention should be drawn in this report in order lo enable a proper understanding of the accounts to be reached. Page 7
HEADWAY THAMES VALLEY LIMITED IA Company Limited by Guarantee) INDEPENDENT EXAMINER'S REPORT {CONTINUED FOR THE YEAR ENDED 31 MARCH 2022 This report is made solely lo the Companls Trustees, as a body, in accordance wth Part 4 of the Charities IAccounts and Reportsl Regulations 2008. My work has been undertaken so that I might state lo the Companls Trustees those matters l am required to stale to them in an Independent Examiner's Report and for no other purpose. To the fullest exlenl permitted by law, I do not accept or assume responsibility lo anyone other than the Company and the Company's Trustees as a b(Idy, for my work or for this report. Signed.. Dated.. 14 December 2022 Darren O'connor Bsc IHons} FCCA ACA James Cowper Kreslon Chartered Accountsnls Reading Bridge House George Street Reading Berkshire RG18LS Page 8
HEADWAY THAMES VALLEY LIMITED IA Company Limited by Guarantee) STATEMENT OF FINANCIAL ACTIVITIES (INCORPORATING INCOME AND EXPENDITURE ACCOUNT) FOR THE YEAR ENDED 31 MARCH 2022 Restricted Unrestricted funds funds 2022 2022 Total funds 2022 Total funds 2021 Note Income from: Donations and legacies Charitable activities Other trading activities Investments 23.082 77.414 86,419 11.250 28 100.496 86,419 11.250 28 68,321 77,099 2,244 133 Total income 23,082 175,111 198,193 147,797 Expenditure on: Charitable activities.. Raising funds Charitable activities 32.304 119.499 32.304 141.070 30,623 119,158 21.571 Total expenditure 21.571 151.803 173.374 149,781 Net movement in funds 1,511 23.308 24.819 11,9841 Reconciliation of funds.. Total funds brought forward Nel movement in funds 20,915 1.511 183,071 23.308 203,986 24.819 205,970 11,9841 Total funds carried forward 22.426 206.379 228,805 203,986 The Slatemenl of Financial Activities includes all gains and losses recognised in the year. The noles on pages 11 to 25 fomi part of these financial statements. Page 9
HEADWAY THAMES VALLEY LIMITED IA Company Limited by Guarantee) REGISTERED NUMBER: 02509780 BALANCE SHEET AS AT 31 MARCH 2022 2022 2021 Note Fixed assets Tangible assets 13 17.875 22,284 17,875 22,284 Current assets Debtors 14 24,085 197,630 32,094 160,039 Cash at bank and in hand 221,715 192,133 Creditors.. amounts falling due within one year 15 {10,7851 110,431 } Net current assets 210,930 181,702 Totsl net assets 228.805 203,986 Charity funds Restricted funds 16 22.426 206.379 20,915 183,071 Unrestricted funds 16 Total funds 228.805 203,986 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 for the year in question in accordance wtth section 476 of Companies Act 2006. The Trustees acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and preparation of financial statements. The financial statements have been prepared in accordance wth the provisions applicable to entities subject to the small companies regime. The financial statements were approved and aulhorised for issue by the Trustees and signed on their behalf by.. T Satterthwaite Ichair of Trustees) Date.. 711212022 The notes on pages 11 to 25 form part of these financial statements. Page 10
HEADWAY THAMES VALLEY LIMITED IA Company Limited by Guarantee) NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2022 General infomiation Headway Thames Valley Limited is a registered charity, number 900591, and a charitable company limited by guarantee, number 02509780, incorporated in England and Wales. The address of ils registered office is Fourth Floor, Abbots House, Abbey Street, Reading, Berkshire, RG1 38D. Accounting policies 2.1 Basis of preparation of financial statements The financial statements have been prepared in accordance with the Charities SORP IFRS 102) Accounting and Reporting by Charities.. Statement of Recommended Practice applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland IFRS 1021 leffeclive 1 January 20191, the Financial Reporting Standard applicable in the UK and Republic of Ireland IFRS 1021 and the Companies Act 2006. Headway Thames Valley Limited meets the definition of a public benefit entity under FRS 102. Assets and liabilities are initially recognised al historical cost or transaction value unless otherwise slated in the relevant accounting policy. 2.2 Company status The company is a company limited by guarantee. The members of the company are the Trustees named on page . In the event of the company being wound up, the liability in respect of the guarantee is limited to £1 per member of the company. 2.3 Income All income is recognised once the Company has entitlement to the income, fc is probable that the income will be received and the amount of income receivable can be measured reliably. The following specific policies are applied lo particular categories of income.. Voluntary income is received by way of donations and gifts and is included in full in the statement of financial activities when receivable. Donated services and facilities are included at the value to the charitable company where this can be quantified. The value of services provided by volunteers has not been included in these financial slalements as il is too difficult lo quantify this value wth reasonable accuracy. Investment income is included when receivable. Income from charitsble activities relate lo grants, these are recorded when the charitable company becomes unconditionally entitled to the grant. Page11
HEADWAY THAMES VALLEY LIMITED IA Company Limited by Guarantee) NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2022 Accounting policies Icontinuedl 2.4 Expenditure Expenditure is recognised on an accrual basis as a liability is incurred. Expenditure inclLJdes any VAT which cannot be fully recovered, and is reported as part of the expenditure lo which it relates.. lil Expenditure on raising fLJnds comprise the costs associated with allracling voluntary income and the costs of fundraising actimties lill Charitable expenditure comprises those costs incurred by the charitable company in the delivery of its activities and services for its beneficiaries.11 includes both costs that can be allocated directly lo such activities and those costs of an indirect nature necessary to support them. liiil All costs are allocated between the expenditure categories in the statement of financial activities on a basis designed to reflect the use of the resoLJrce. Costs relating to a particular activity are allocated directly, others are apportioned on an appropriate basis. Support costs are those costs incurred directly in support of expenditure on the objects of the company and include project management carried out al Headquarters. Charitable activities and Governance costs are costs incurred on the companls operations, including support costs and costs relating to the governance of the company apportioned lo charitable activities. 2.5 Tangible fixed assets and depreciation Fixed assets for charity use are capitalised al cost, when acquired, or market value as determined by the directorsllruslees where donated. They are staled in the financial statements at original cosuvalue less depreciation. Fixed assets are not capitalised if the cost is less than £500. Depreciation is charged so as to allocate the cost of tangible fixed assets less their residual value over their estimated Ljseful lives. Depreciation is provided on the followng bases.. Leasehold improvements Minibus Fixtures and fittings Computer equipment 250/0 reducing balance 250/D reducing balance 200/0 reducing balance 3 years straight line 2.6 Interest receivable Interest on funds held on deposit is included when receivable and the amount can be measured reliably by the company., this is normally upon notification of the interest paid or payable by the Bank. 2.7 Operating leases Rentals under operating leases are charged to the Statement of Financial Activities incorporating Income and Expenditure Account on a slraighl line basis over the lease term. 2.8 Debtors Trade and other debtors are recognised at the selllemenl amount after any trade discount offered. Prepayments are valued at the amount prepaid nel of any trade discounts due. Page 12
HEADWAY THAMES VALLEY LIMITED IA Company Limited by Guarantee) NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2022 Accounting policies Icontinuedl 2.9 Cash at bank and in hand Cash at bank and in hand includes cash and short-lerm highly liquid investments with a short maturity of three months or less from the date of acquisition or opening of the deposit or similar account. 2.10 Liabilities and provisions Liabilities are recognised when there is an obligation at the Balance Sheet dale as a result of a past event, it is probable that a transfer of economic benefit wll be required in selllemenl, and the amount of the settlement can be estimated reliably. Liabilities are recognised al the amount that the company anticipates it will pay to settle the debt or the amount il has received as advanced payments for the goods or services rt must provide. Provisions are measured at the best estimate of the amounts required to setlle the obligation. Where the effect of the time value of money is material, the provision is based on the present value of those amoLJnls, discounted al the pre-tax discount rale that reflects the risks specific to the liability. The unwnding of the discount is recognised wf(hin interest payable and similar charges. 2.11 Pensions The company operates a defined contribution pension scheme and the pension charge represents the amoLJnls payable by the company lo the fund in respect of the year. 2.12 Operating leases Rentals paid under operating leases are charged lo the Statement of Financial Activities on a straight line basis over the lease term. 2.13 Fund accounting General funds are unrestricted funds which are available for use al the discretion of the Trustees in furtherance of the general objectives of the Company and which have not been designated for other purposes. Designated funds comprise unrestricted funds that have been sel aside by the Trustees for particular purposes. The aim and use of each designated fund is set out in the notes to the financial statements. Restricted funds are funds which are to be used in accordanee wth specific restrictions imposed by donors or which have been raised by the Company for particular purposes. The costs of raising and administering such funds are charged against the specific fund. The aim and use of each restricted fund is set out in the notes to the financial statements. Page 13
HEADWAY THAMES VALLEY LIMITED IA Company Limited by Guarantee) NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2022 Critical accounting estimates and areas of judgment In the application of the companvs accounting policies, the directors are required to make judgments, eslimales and assumptions about the carrwng amounts of assets and liabilities that are not readily apparent from other SOLJrces. The estimates and associated assumptions are based on historical experience and other factors that are considered lo be relevant. ActLJal results may differ from these estimates. Critical accoLJnting estimates and assumptions.. There were no judgment or material estimation uncertainties affecting the reported financial perfomiance in the current or prior year. Income from donations and legacies Restricted Unrestricted funds funds 2022 2022 Total funds 2022 Total funds 2021 Donations 23,082 77,414 100,496 68,321 Tot812021 13,510 54,811 68,321 Income from charitable activities Unrestricted funds 2022 Total funds 2022 Total funds 2021 Allendance fee 86,419 86.419 77,099 Total 2021 77,099 77,099 Page 14
HEADWAY THAMES VALLEY LIMITED IA Company Limited by Guarantee) NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2022 Other trading activities Income from fundraising events Unrestricted funds 2022 Total funds 2022 Total funds 2021 Monthly draw Transport and goods for centre Miscellaneous income 1,965 6,015 3,270 1.965 6.015 3,270 2,175 50 19 11,250 11.250 2,244 Total 2021 2,244 2,244 Investment income Unrestricted funds 2022 Total funds 2022 Total funds 2021 Investment income 28 28 133 Total 2021 133 133 Analysis of expenditure on charitable activities Summary by fund type Restricted Unrestricted funds funds 2022 2022 Total 2022 Tol81 2021 Fundraising Charitable activities 32,304 119,499 32,304 141.070 30,623 119,158 21,571 21,571 151,803 173,374 149,781 Total 2021 6,100 143,681 149,781 Page 15
HEADWAY THAMES VALLEY LIMITED IA Company Limited by Guarantee) NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2022 Analysis of expenditure on charitable activities Icontinuedl Summary by fund type Icontinuedl Analysis of expenditure by activities Activities undertaken directly 2022 Support costs 2022 Total funds 2022 Total funds 2021 Fundraising Charitable activities 28,786 118,462 3,518 22,608 32,304 141.070 30,623 119,158 147,248 26,126 173,374 149,781 Total 2021 124,901 24,880 149,781 Analysis of direct costs Charitable activities 2022 Total funds 2022 Total funds 2021 Fundraising 2022 Wages and salaries Consultants 27,396 65,662 27,162 12,926 4,781 6,121 2,027 12171 93,058 27.162 12,926 4,781 6,121 2.027 {2171 1,390 91,580 11,285 7,529 5,423 6,580 22 517 1,965 Transport costs Computers Premises, cleaning and maintenance Staff Recruitment Bad debt provision Other expenditure for clients 1,390 28,786 118,462 147.248 124,901 Total 2021 28,543 96,358 124,901 Page 16
HEADWAY THAMES VALLEY LIMITED IA Company Limited by Guarantee) NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2022 Analysis of expenditure by activities Icontinuedl Analysis of support costs Charitable activities 2022 Total funds 2022 Total funds 2021 Fundraising 2022 Depreciation Utilities and waste disposal Rent Postage, telephone, printing and stationery Insuran, legal and professional Training Other expenditure Fundraising Accountancy 253 88 147 723 4,301 1,591 2,653 5,787 2,752 458 1,477 4.554 1.679 2,800 6,510 2.872 484 1,559 2,079 3.589 5,082 2,110 2,500 4,164 3,256 2,265 1,565 826 120 26 82 2,079 3,589 3,112 3,518 22,608 26,126 24,880 Totsl 2021 2,080 22,800 24,880 10. Independent examinerfs remuneration The independent examinerfs remuneration amounts to an independent examiner fee of £2,78012021 £2,780}. 11. Staff costs 2022 2021 Wages and salaries Social security oosts Contribution to defined contribution pension schemes 88.247 3,291 1,520 83,385 5,504 2,691 93,058 91,580 The average number of persons employed by the Company during the year was as follows.. 2022 2021 Employees Page 17
HEADWAY THAMES VALLEY LIMITED IA Company Limited by Guarantee) NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2022 11. Staff costs {continued} No employee received remuneration amounting to more than £60,000 in either year. The total remuneration of key management personnel during the year was £26,75412021- £27,557). 12. Trustees. remuneration and expenses During the year, no Trustees received any remuneration or other benefits12021- £NILI. During the year ended 31 March 2022, no Trustee expenses have been incurred12021- £NILI. Page 18
HEADWAY THAMES VALLEY LIMITED IA Company Limited by Guarantee) NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2022 13. Tangible fixed assets Short-temi leasehold property Motor Fixtures and vehicles fittings Computer equipment Total Cost or valuation Al 1 April 2021 Additions 107.195 66,836 86.086 17.459 1,843 277.576 1.843 At 31 March 2022 107,195 66,836 86,086 19,302 279,419 Depreciation Al 1 April 2021 Charge for the year 98.695 2.125 60,042 1,698 80.853 1.047 15.702 1.382 255.292 6.252 At 31 March 2022 100,820 61,740 81,900 17.084 261,544 Net book value Al 31 March 2022 6.375 5,096 4.186 2.218 17.875 At 31 March 2021 8,500 6,794 5,233 1,757 22,284 Page 19
HEADWAY THAMES VALLEY LIMITED IA Company Limited by Guarantee) NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2022 14. Debtors 2022 2021 Trade debtors 19,620 1.041 3.424 28,148 other debtors Prepayments and accrued income 3,946 24,085 32,094 Creditors.. Amounts falling dug Within ong year 2022 2021 Trade creditors Soci31 security and other taxes Accruals and deferred income 1,292 1,821 7.672 1,189 1,824 7,418 10,785 10,431 16. Statement of funds Statement of funds - current year Balance at 31 March 2022 Balance at 1 April 2021 Income Expenditure Designated funds Salary fund 50.000 50.000 8alance at 31 March 2022 Balance at 1 April 2021 Income Expenditure General funds Gener81 Funds 133,071 175.111 1151,8031 156.379 Total Unrestricted funds 183.071 175.111 1151.8031 206.379 Page 20
HEADWAY THAMES VALLEY LIMITED IA Company Limited by Guarantee) NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2022 16. Statement of funds Icontinuedl Balance at 31 March 2022 Balance at 1 April 2021 Income Expenditure Restricted funds Phyliss Court Action Group Face of Henley Kitchen Fund Refurbishment Fund 1,093 226 375 471 {2191 1451 1941 {1181 {3791 1831 1691 {8191 {7171 874 181 281 353 Dr Mary Minibus Physio Couch Rotunda Brunner Hall Refurbishment Grocers Trust 1,517 413 347 3,278 717 1,138 330 278 2.459 Syder Foundation Henley Town Council The Big Give The D,0Y Carte Charitable Trust Henley Town Council Invesco Perpetual Mccarthy & Stone Gerald Palmer Trust 2.500 4.466 2,012 3,500 2.500 1.806 2.011 700 12.6601 12,3281 12,8001 13.8601 2.327 5.000 2.575 500 1.140 2.575 500 2,500 2,500 The Berkshire Nurses and Relief in Sickness Trust & Berkshire Community Foundation Garden renovation PW Green Hall Foundation 6.180 2.000 2.000 16.1801 2.000 800 11,2001 20,915 23.082 {21,5711 22.426 Total of funds 203.986 198.193 1173.3741 228.805 Page 21
HEADWAY THAMES VALLEY LIMITED IA Company Limited by Guarantee) NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2022 16. Statement of funds Icontinuedl Statement of funds - prior year Balance at 31 March 2021 Balance al 1 April 2020 Income Expenditure Designated funds Salary fund 50,000 50,000 General funds General Funds 142,465 134,287 1143,681 } 133,071 Totsl Unrg$trictgd fund$ 192,465 134,287 1143,681 } 183,071 Restricted funds Kitchen Fund Refurbishment Fund Dr Mary Minibus Physio Couch Rotunda 1,423 284 500 1330) 158) 1125) 11571 1506} 197) 1501 1874} 1,093 226 375 628 2,023 510 471 1,517 413 Brunner Hall Refurbishment Grocers Trust 397 347 Syder Foundation Henley Town Council The Big Give The D,0Y Carte Charitable Trust Henley Town Council Invesco Perpetual Mccarthy & Stone Gerald Palmer Trust 4,152 717 3,278 717 2,871 12,869} 1500) 500 2,500 5,000 2,010 3,500 2,500 4,466 2,010 3,500 1534) 13,505 13,510 16,1001 20,915 Total of funds 205,970 147,797 1149,781 } 203,986 Page 22
HEADWAY THAMES VALLEY LIMITED IA Company Limited by Guarantee) NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2022 16. Statement of funds Icontinuedl Phyllis Court Action Group This is a donation received that can only be spent on specific items agreed by the action group. The depreciation charge for the year relating to items purchased and capilalised in prior years has been charged lo this fund. The Face of Henley This fund relates to the donation of a Molomed from the fa of Henley. This asset has been capitalised and reSoUrS expended relate lo the depreciation over ils estimated useful life. Kitchen Fund This is a donation from the Percy Bilton Charity to fund work carried out on the kitchen. Expenditure charged against this fund relates the depreciation of the kitchen project. Refurbishment Fund This fund is a donation from the Big Lottery lo fund refurbishment works on the interior of the leasehold premises. The expenditure charged against this fund relates to the depreciation of the refurt)ishment project Dr Mary Minibus This is a donation from Dr Mary Catterall for the purchase of the new minibLJS. The expenditure against this fund relates to depreciation of the minibus. Physio Couch This donation was provided to fund the purchase of a physio COLJch. It has been expensed and the eharge against the fLJnd represents depreciation. Rotunda A donation to fund the purchase of a rotunda. Expenditure charged against this fund relates lo depreciation of the rotunda. Brunner Hall Refurbishment This fund relates to grant funding and donations received for the refurbishment of the chartys leasehold premises at Brunner Hall, Henley. Expenditure charged against this fund relates to the depreciation of these leasehold improvements. Grocers Trust Grant for art therapy lo cover costs of Art Therapist and art materials. Wokingham United Charities Community support for 2 to 4 adults wth brain injury Designated Salary fund these funds have been earmarked as the provision of cash resoLJrces lo support staff salaries. Syder Foundation Fund lo help cover the cost of Bushcrafl visits. Shanley Foundation To help fund Tai Chi and Chair exercises. Henley Town Council To cover the costs of an art therapist and their supplies. Page 23
HEADWAY THAMES VALLEY LIMITED IA Company Limited by Guarantee) NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2022 16. Statement of funds Icontinuedl The Big Give To cover costs of a photographer and art supplies. The D'oyly Carte Charitable Trust To help cover costs for the Neuro rehabilitation service starting in 2021-22. 17. Summary of funds Summary of funds- currentyear Balance at 31 March 2022 Balance at 1 April 2021 Income Expenditure Designated funds General funds Restricted funds 50,000 133,071 20,915 50.000 1 $6,379 22.426 175,111 23.082 1151,8031 {21,5711 203,986 198.193 1173.3741 228.805 Summary of funds- prioryear Balance 8t 31 March 2021 Balance al 1 April 2020 Income Expenditure Designated funds General funds 50,000 142,465 13,505 50,000 133,071 20,915 134,287 13,510 1143,681 } 16,100) Restricted funds 205,970 147,797 1149,781 } 203,986 18. Analysis of net assets between funds Analysis of net assets between funds - current year Restricted Unrestricted funds funds 2022 2022 Total funds 2022 Tangible fixed assets Current assets Creditors due within one year 5,894 16,532 11,981 205,183 110,785} 17.875 221,715 110.7851 Total 22,426 206,379 228,805 Page 24
HEADWAY THAMES VALLEY LIMITED IA Company Limited by Guarantee) NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2022 18. Analysis of net assets between funds Icontinuedl Analysis of net assets between funds- prioryear Restricted Unrestricted funds funds 2021 2021 Total funds 2021 Tangible fixed assets Current assets Creditors due within one year 7,720 13,195 14,564 178,938 110,431 } 22,284 192,133 110,4311 Totsl 20,915 183,071 203,986 19. Operating lease commitments Al 31 March 2022 the Company had commitments lo make future minimum lease payments under non- cancellable operating leases as follows.. 2022 2021 Not later than 1 year Later than 1 year and not later than 5 years 2,800 8,400 2,800 11,200 11,200 14,000 20. Related party transactions Related parties are the Iruslees and there have been no transactions between them and Headway Thames Valley Limited in 202212021 Nill. Page 25