Registered No. 02509780 (England & Walos) Charity No. 900591 HEADWAY THAMES VALLEY LIMITED (A company limited by guarantee) UNAUDITED ANNUAL REPORT AND FINANCIAL STATEMENTS For the year ended 31 Mareh 2023 JAMES COWPER KRESTON Statutory Auditors Chartored Accountants Readlng HEADWAY THAMES VALLEY LIMITED FINANCIAL STATEMENTS For the year endod 31 March 2023 CONTENTS Pages Légal and Administr8tN8 Irrfomauon Chairman's Statemenl and Managerfs Report Report of the Board ofTrustses Statement of Trustoss, Responsibilitigs R•port •f th• Ind•pend•nt EMmlnw• statement of Finandal Activibes 2023 10 Stat8m8nt of Fina￿la1 Actmbes 2tr22 Balance Sheet 12 Not85 fomiing part or th* Financial Stal•rn#trts 13-21 HEADWAY THAMES VALLEY LIMITED (Registsred numbor: 02509780) LEGAL AND ADMINISTRATIVE INFORMATION For tho year ended 31 March 2023 STATUS ANO ADMINISTRATION: Heathay Thames Valley Limitad is a register8d charity, number 9LK)591, and a ¢haritablè company limited by guarantee, numbèr 02509780. REGISTERED OFFICE: Fourth Floor Abbots House Abbey Street Reading 8eTkshirg RG13BD REGISTERED CHARtTY NUMBER: 900591 COMPANY REGISTRATION NUMBER: 02509780 TRUSTEES: N J Barter-walsh S Evarman R P Gilby R Gilson ALee K Milan MPNeal T Satterilwtsite IResigned 30 Novernber 221 (Appointed 26 April 231 (Chairl The trustees are also directors of the eomp8ny Jame5 Cowper ￿estOn 8th Floor Reading Bfidge Housè George Stre8t Reading RG18LS ACCOUNTANTS: HEADWAY THAMES VALLEY LIMITED IRegi8tsred number: 02509780) TRUSTEES. REPORT For the year ended 31 March 2023 CHAIRMAN'S STATEMENT We look back on another successlul year wth fondness. From a finanaal perspective, we are pleased and proud to continue to operate at a modest surplus thank5 to some fantastic fvndraising from both longstanding and new supporters. generous donations and grants that fund our range of core seNces and specialisms. The neuro-rehab service conlinues to offer a heavily subsidised method for clients lo access dinical s8Nices without a waiting list, which is prowng popular. Feedback for our Liwng With Brain Injury course has been overwhelrningly P051tive and wè havé bÈÉn asked to share details of this course with neightX)UTing Heathay groups, which is a raflection of the value delivered to dienls We have received excellent feedback froTll a loral (J)uncil on our use of the Out¢om8 St8r syst8rn for recording the clients, progress across a number of domains. The online referral capability added to the websfte has allowed us better visibility of who is being ￿ferred to our services and by vrt￿m and we have nolice(l an increase in referyal volume over th5$ Ilmg. Wè were delighted to be hosted by the River and Rowing museum over the summer to showcasè the armork of clients and $18ff. It was a moving display, and vèry prof8ssion8lly put tr)gether. and I must again offer thanks to our artists and organisers for PLrtb'ng on suth a great exhibition. We were exrAted to have been connerted wi(h the Oxfordshira Lord Lieut8nancy, who amongst other roles help promote the work of local chariiable organi5alions. The trustees wish to extend huge thanks to everyone working aTvJ volunleerino on behalf of Hg8thy Thames Valley and to 311 of th8 supporters. We will shortly be formally launching our Friends of Hea¢tsay Tharnes Valley membership scherne, through which we will be beller able to engage wf(h our supporteis. sagking involvement and offerin op ortunities lo shapa th8 future ol the organisation. To Sallerthwaite Chalr to the Board of Trustees AIANAGERS REPORT In a year where we have made much needed improvements to our pielnises. we ale extr9mely pioud lo have al$0 incr9as8d refetral numbèrs and launched our new wabsitÉ, while continuin9 to manage our financ8s responsibly. Following on from a rewew of our headquarters in Hen￿y, wè mad8 thè decision to r8surfac8 our premises. The grounds around our building were in need of ￿paIr, ￿th sections of it starting to c¥urnble, causing a bufflpy and uneven surface. Aftef inve8ting Signifi￿ntlY into the work. we afe left wilh an attractive and smooth surfa which will last us at least another 10- 15 years, ensuring clients have no issues accessing our Centre. Efforts madè last year to Inc￿aSe referral numbers seem to be paying off. After reengaging wth local hospitals, GP surgeries and social serwces, referrals rnade frorn professionals has increased to the type of leve15 we were seeing bèfore thè pandemic. Sèll-r8ferrals are higher than 8ver b8fore. which might wnl lo the work of our Communications Officer raising our profile in the local ￿MMunity. Aftei gaining feedback from numerous stakeholders, induding cl￿nIS arKI their families. volunteer5, staff arKI prof8ssionals working in n8uro-rèhab, wè w8r8 plè3s8d to launch our naw wabsile in Jun&. Alr83dy, w8 hav8 seen rn0￿ people engaging wrth us online and ifs great lo have a websi(e that fin311y reflects the work we're doing in Ihe communty. Thank you to everywe who contimjes lo support Headwgy Thames Vamèy aach year. Micluding out fant8$tic staff. truÉt@ÈÈ, volunteers, clients. and supporters. Jamie Higgins Manager HEADWAY THAMES VALLEY LIMITED (Reglst•r•d numbgr. 02S09780) TRUSTEES, REPORT (cont'd) For the year ended 31 March 2023 STRUCTURE. GOVERNANCE AND fvqANAGEMENT Governing document The organisation is a charTtable company. limited by ouarantee, incorporated on 8th June 1990 and registered as 8 cknarty on 12th July 1990. The charrtabl8 company was established und8r a M8mofandum of Association which established the objects and powers of the charitable company and is governed under its Articles of Assoaatson. DirectorslTrustees Inductlon and Tralnlng Most dir8ctorsltrustèès are al￿adY familiar with the practical work of the charity. having either a personal involvement or a long-time investment in what il does. Additionally, new direclorsltrustees are invited and enu)uraged to attend training sessions offered to familiarise thèmselves wth the charty and how it owale8. Organi5atbonal Structur8 Headway Thames Valley has a Management Comrnittee which meets atlgast 8 limgs a year an(J is responsible for the strategic direction and policy of the charity. During the year there were 6 Trustees from a variety of backgrounds relèvant to the work of the tharitab￿ company. A scheme of delegation is in place, and day lo day responsibility for the provision of thè servicès at thè Resource Cenlie rests with the Manager. Kay Management Pornonnel Key management personn81 consists of the Managei, Jamie Higgins, who 15 responsible for the operaiions of the Charrty. reports regularfy lo the chaimian Tom Sattèrthwaitè and attènds trustèe meetings. Key management personnel are remunerated at arvropriale levels and are reviewed on an annual basis by the Trustaes. Network Headway Thaffles Valley is affiliated to Headway UK which was formed in 1979. A steering committ88 was set up and registered Heaoway National Head Injuries AsS￿la￿n as a charitable trust in 1980. In 1989 th8y became a company limited by Guarantee. In 1999, Hea￿aY UK changed its name from Headway National Head Injuries Association to Heath4ay- the brain injury associètion. Sin(x 1979 the organisation has increased from on& 5teertng cotTrmiitee lo over 120 groups and branchès throughout the UK. Headway UK is run by its m8mbers headed by a Board of Trusteesand staff at a Nottingham office and a London officé. Although affiliated to H8adw8y UK an(J wuired to pay an affiliatM)n fee. Headway Thames Valley is run entirely independerfy of Headway UK. However. through the various departments which make up Ihe organisalion, Headway Thames Valley gains valuable support and asststance (though not financiall from the national organisalion. Rlsk A¥sosmwrt The directors have Consider￿ the major risks which ihe charita￿e company faces and confirm th8t Sy8tems have bean estsblishe(I lo ensure that the ne￿SSary actions may be taken. Obje¢tiv•s and Activitles The charitable Companys objectives and prfncipal activtties ale lo.. Support those wlh acquired brain injury and their families in the Thames Valley afea Offer a range of s8Nc8$ suitable for all 8dults vKth an acquired brain injury Play our part in seeking to improv8 Statutory services Raise awareness of the causes and effect5 of acquired brain injury amoThJst the general public Work in partnership with other organisalions that strive lo improve the lives of tho$e wllh acquired braln injury HEADWAY THAMES VALLEY LIMITED IReglstsr¢d numb•t: 02S097801 TRUSTEES. REPORT (cont'dj For th& y8ar endèd 31 March 2023 Objectives and Activities Iconfdl The main objectives and activtties for the year o)ntlnued io focus on providlng as wide a rang8 of Sarvi￿ts as possible whilst keeping to our budgetary disciplines. We also continued to offer outreach and education services and provide pwments for new graduates. The following objectives have been met.. Working towards meeting or exceeding all Governance Standards 8el by Headway UK Working towards meèting or exceeding NSF Guidelines with particular refarènce to qijality r8quirements Providin9 communty based rÈhabilitatiOll 8nd sUpP[￿t, help with k)ng tèrrn adju8tTnent, social integration, enablement. supporbng families and caters and offering long tsrm SUPPOrt Operating an effective training and development programme for all staff and volunteers Increasing our fundraising efforts As well as 16 staff and volunteer5. Headway Thames Valley ha5 agreements during the year with 4 profe5SK)nal therapists and cnnsuhants. Volunteers are Tècruit8d from a v8riÈty of sourcès and gThien appropriat8 training along wilh the staff. Achlovomonts and Pgrfomian¢• Overthe last year we have sutwrte(l over 135 dienls as well 3$ their families and carers. Some of the support we've PTovwJed includes 350 hours of Art Therapy, 230 hours of adapted Exercise Classes, 160 hours of Tai Chi, 290 hours ol Upcyding, 290 hours of Speech and Language Thef8py GTQUPS, ar￿ 430 hou￿ of Muwc Therapy all in our centre in Henley. We delivered 3 eight week Liwng wrth Brain Injury Courses Whe￿ 29 p8oplè benèfittèd from sèssions f8eilitated by an Occupational Therapist and Neuro Psychologist. Our Cornrnunity Groups, attended by 32 people, have continued to be available online with quarterty face to fa sessions. In these sessions we have delivered 468 hours of gducalir)n, pe8r support and 8dw¢g. farylrt8led by our Occupational Therapist. Through our Neuro R8hab Setmcè. we have delivered 48 hour5 01 Neuro Psychology. 72 hour5 of NeurD Physio and 20 hours of Speech and Language Therapy. Plans for the Futuro As noted in our Chaimian's statement we alm lo achieve Mod￿ growth in th8 next year as we understand and respond to our clients, needs. Public Benefit The Trusle8s confim that they have complied with the Charitie5 Act 2011 to have due ieyaTd to the Charty Commission general guidance on public benefit. Finanelal RèvlÈw Thè Chaiity made an operating surplus in the year of £12,89912022-. £24.8191. enhancn)9 the strong reseNes position at the yèar end of £241.704 of which £233,967 18 unrestricted fvnds and is represented by £216,480 of unrèslricled cash reserves. During the year, the charity received £92.802 in the fotrn of general donations arKJ from fundraising actNit*s (2022.. £77,414). HEADWAY THAMES VALLEY LIMITED {RegS8tered number: 025097801 REPORT OF THE BOARD OF TRUSTEES Icont'd.) For the year ended 31 March 2023 Resgry06 Pollcy The charty has a resewes polky whereby a salary fund has been set up that is earmarkgd as the prowsion of resources to support staff salaries. The Salary arKJ Services Fund12022'. £50.￿0) has been increased to £96.650 10 also include dienl ServI￿S and is currgntly at a level lo cover these costs for approxirnately 6 months. The charty has also designated £10,Th)O of reserves to fund future d￿nt activitiès such 8s Art therapy. Music th8r8py, Upcyding and Tai chi, plus £5,000 of ￿serVeS for future projed5 required at Brunner Hall. Unrestricted reserves. after designated reserves, of £122,317 are deemed sufficient to support th8 charitls future plans. This reserves policy is reviewerl by the charity annualty as part of its budgeting process. Approved by order of the members ol the board of Trustee5 on 15 Novernber 2023 and signed on their behaK by- J•//4. Toms tterthwaile Chalr lo tho Board of Trustees HEADWAY THAMES VALLEY LIMITED IReglstered numbgr. 02509780) STATEMENT OF TRUSTEES. RESPONSIBILITIES For the year ended 31 March 2023 The Trustees (who are also the dIre￿Or$ of the Company for the purposes of company law) are responsible for pieparing the Trustees, Report and the finanaal statements in a￿)rdance wth applicable law and United ￿'ngdoM Accounting Standards (United KSngtJom Generally Accepted Accounting Practice). Company law rÉquirÈs the TnJstÈes to prèpare finan¢i31 statèmènts for each financial y8ar. Under company law. the Trustees musl not approve the financial statements unle$s they are satisfied that they give a true and fair view of the slate of affairs of the Company and of its incoming resources and appI￿allOn of resource8, induding ts income and expenditure, for that peiiod. In preparing these finanrAal stalemenls, the Trustees are required to.. select 8Urt8bl8 8ctr)unbng w11c￿5 and then 8ptAy Iheffl ¢onsistènlly," observe the methods and principles of the Charibes SORP (FRS 102).. make judgments and accounting estimates that arè r8asonaNe and prud•nt." state whether applicab￿ UK Accounting Standards {FRS 102) have been followed. subj'ect to any material departur85 disclosed and explained in the financial 51aternents', prepare the financial statements on the going concern basis unless r( is Snappropriate lo presume that the Cornpany wll C£￿tInue in business. The Trustees are responsible for keeping adequate accounting records that are suff￿1&nt to show and explain the Company's transactions and disdose with reasonable accuiacy at any time the firlan￿aL posilKJn of th8 Company and enabl* them to 8nsur8 that Ihe finarrial statements comply wrth the Companies Act 2006. They are also responsib18 for safeguarding the assets ol the Company and hence for tsking rèasonable steps for the prè￿n￿"0n and dètedion of fraud and other irregularities. HEADWAY THAMES VALLEY LIMITED (Registsrod numb8r: 02509780) INDEPENDETr￿ EXAMINER'S REPORT For the year ended 31 Marth 2023 Ind•pendent Examlnerfs Roport to tho Tru$tsgs of I'the CompanVI I report to the charity Trustees on my examination of th8 aeeounts of the Comp8ny for the year ended 31 March 2023 R•sponslbilille6 and Basis of Report As the Trustees oftha Company {and rts directors for the wrposes of company kqwl you are responsib￿ for the p￿paratiOn of the accounts in accordanc8 With th6 requiremènts ofthe Companies Act 20￿ I'the 2(X)6 Act.). Hawng satisfied mysdfthat the accounts of the Company ate not required to be audited under Part 16 of the 2006 Act and are eligible for independent exarnination, I report in respect of my examination of the Cornpanvs a¢counts c8rriÈd out under section 145 of the Charities Act 2011 Ilhe 2011 Acl'l. In cawrwng out my ex8mirial¥)n I have followed the Directions given by the Charity comrnlss￿n under section 14515}Ibl of th8 2011 Act. Independent Examingffs Statèmènt I have completed my examination. I confirm that no matter hav8 come to my attention in connedion with the examination giwng me Cause lo belSeve'. accounling racords were not kept in re3pect of the Company as r•quir8d by section 386 of the 20(￿ Act.. or the accounts do not accord wrth those records.. or the accoLJnts do not cotnply th8 accounting requirements ol section 3&8 of the 20(K Act other than any requirement that the accounts give a true and fairf view which is not a matter conSMlered as part of an independent examinab'on., or the accounts have not b8an prep8r@d in accordance with the methods and principles of the Statement of Recomtnended Practice for accounting and reporting by ch8riti"Ès applicable lo charities preparing their accounls in acoordance ￿th the Finan(aal Repjrting Standard ap￿1¢able in the UK and Republ￿ of Iraland IFRS 1021. I have no concerns and have corne across no other matters in connedion with the examination lo which attention should be drawn in this report in ord8r to enable a proper understanding of th8 acccwnts to b¢ reached. Th18 report is made solely to the Companls Trustees. as a body, in accordance with Part 4 ofth8 Charibes {Accounls and Reports) Regulations 2(XJ8. My work has been undertaken so that l rnighl state lo the Companvs Trustee5 those rnatters l am r8quired lo stsle to them in an Independent Examiners Report and for no other purpose. To the fullest extent permitted by law, I do nol accept or assurne responsibility to anyone other than the Company and the Cornp8ntys Trustee8 as a body, for my work or for this report. Darren O'connor Bsc IHonsl FCCA ACA Senior Statutory Auditor Date" 1 December 2023 For and on behalf OF. James Cowpgr Krgston- 8th Floor, Reading Bridge House. George Stree( Reading RG18LS HEADWAY THAMES VALLEY LIMITED (Reglstered number: 025097801 STATEMENT OF FINANCIAL ACTIVITIES lincluding Income and Expenditure Accounti For the year onded 31 March 2023 Unrnstrictsd Fund$ Restricted Funds Totsl Funds 2023 N<)ts¥ Income from: Donations and legacies Chaiitable actiMt*s Other trading actimties Investments Olhei income 83,748 9,054 6,981 92.802 103.347 8.898 736 9.379 8,898 736 9,379 Total 199,127 16,035 215, 162 Exp•nditurn on: Charitable acb"wlies Fundraising 150.546 25,791 25,927 176.472 25.791 Total 178.336 25,927 202.263 Transfer 14,7971 4.797 Net mov•mont In funds 27.588 114.6891 12.899 R•conciliation of funds: Total funds brought forward at 1 Aprll 2022 206,379 22,426 228,805 Total funds carrled leTward at 31 March 2023 233,967 7.737 241,704 The Stslement of Fin8ncial A¢tivilÈs includes all gains and 105ses recognised in the year. The notes on pages 13 to 21 form part of these finaniial statèmènts io- HEADWAY THAMES VALLEY LIMITED (Roglstorod number. 025097801 STATEMENT OF FINANCIAL ACTtVlTIES (including Incorng and Expenditure Account) For the year ended 31 March 2022 Unr•$trl¢ted Funds Ro$trl¢tsd Funds Total Funds 2022 Incom• and endowments from: Donations and legacies ChaFTrtabb aclivilies Other trading activities Inve51menls 77,414 86,419 11,250 28 77,414 109,501 11,250 28 23,082 Totsl 175,111 23,082 198.193 Exp•ndlture on: Charitable aL￿vilieS Fundrai￿ng 119,499 32,304 21.571 141.070 32,304 Total 151,803 21.571 173.374 Transfer Net movement in funds 23.308 1.511 24.819 ReconGiliatlon of fund8: Total funds brJJght forward al 1 April 2021 183,071 20,915 203.986 Total funds carr19d forward at 31 March 2022 206,379 22.426 228,805 The Statement of Financial Actlvib"es indudes all gains anc k)sses rw)gnls8d Sn the year. Thg notes on pages 13 to 21 fomi part of these financial 5talemenls HEADWAY THAMES VALLEY LIMITED IRegi$tefed number.. 025097801 Balance Sheet at 31 March 2023 2023 2022 Notes FIXED ASSETS Tangible assets 11,014 17,875 CURRENT AssErs Debtors Cash at bank and in hand 19,277 224,217 24.085 197.630 243,494 221.715 REDITORS Amounts falling dug wlthln on• year 10 {12,8041 110,7851 Nèt curr•nt assets 230,690 210,930 Net as8•ts 241.704 228.805 FUNDS Restn'cted funds Unrestricted funds D*signatad Funds General Funds 7,737 22,426 111.650 122,317 50.CMJO 156,379 241,704 228,805 The Company was 8nliiled to exemption from audit under Section 477 of the Companies Act 2(K6. The members have not required the company lo obt8in arh audit for tha y8ar in quèstion in accordan￿ vmth section 476 of Companies Act 20(b. The TnJ51ee5 ackrKh￿edge th￿[ responsibilib.es foi complying with the requirements of the Act with respect lo accounting records and preparation Of financial statements. The financial statements have been wepared in accordance ￿￿th thè provisions applicable lo 8ntib8s subJ'8Ct to the small cornpanies regime. The financial statements were approved and authorised for issue by the Trust88s on 15 NOVem￿r 2023 and slgned half by'.- T Satterthwaite HEADWAY THAMES VALLEY LIMITED IR*yi¥i¥red i)uili￿r.. 02fj09780) NOTES FORMING PART OF THE FINANCIAL STATEMENTS For the year ended 31 March 2023 ACCOUNTING POLICIES al Basi8 of Accounting Thè financial slalements have been prepared in acc£Jrdance with the Charities SORP IFRS 1021- Accounting and Rèporting by Charities.. Stslement of Recommended pract￿ applicabl8 to Charities preparing their ac£ounts in accordance with the Finanual Reporbng Standard applicable in the UK and Republic of Ir81and IFRS 1021 leff8ctive 1 J8TIU8ry 20191. the FTn8ncial R8pDTttng Standard applicable in the UK and RepuNic of Ireland IFRS 102) and the Companies Acl 20C6. Headway Thames Valley Limf(ed meets the definktion of a public benefrt entty under FRS 1￿2. Ass8ts and liabilities are initially re¢y)gnised at historical cost or tran8action value unless Othe￿ISe slated in the relevant accounting policy. bl Company ststus The company is a company limited by guar8nlee. The members of the ¢))mpany are the Trustees named on page. In the event of the company being wound up, thè liability in respect of the guarantee is limited lo £1 pet mernber of Ihe cL•mpany. c} Income All incom& is recognised once the Company has enlltlement to the income. il 18 probable that the income wll be recewed and Ihe amount of incom8 receivab￿ can be measurad reliably. The folltswing speafic policies are applied to parbcular cat8goriès of incom8'. Voluntsry income is received by way of donathjns and gifts and is included in full in the ststement ol financial aotmties when re￿5vable. Donated services and facilities are induded at the value to the charitable company wh8Te this can be quantified.The value of ServI￿S prowd8d by voluntèèrs has not beén included in these finanaal slalemenls a5 it is loo difficult lo quantfy this value wth r8asonabl& accuracy. Investment income is included whan raeeN8bie. Income from charttable activities relate to grants. these ara recorded when the charitable cornpany bécomes uncondttionally entrt￿d lo the grant. dl Expenditure Expenditure is recognisod on an accrual basis as a liability is incurred. Expenditure indudes any VAT whith cannot be fully recovered, and is r8POrted as part of the expendrture lo which il relale5.' lil Exp8nditurÉ on rai8ing funds comprise the c4)sts assoc48tèd Mth altracling volmtary In(x)m8 and the costs of fundraising activrtiès. (11) Charitable expenditure comprises those costs incurred by the chaiitable company in the d8livary of its 8¢tivilies and $em￿S for its beneficiaries. It includes both o)sts that can be allocated diredy to suth activities and those costs of an indireci naturè nacessary to support them. fjil} All costs are allocated b8h¥èÈn the expenditure categorie5 in the statement of finanaal aCtiVrt￿s on a basis designed to reflect the us8 of th8 rèsoLJreè. Costs rÈlabng to a particular aclwty are allocated directly, others are apportioned on an appropriate basis. Support costs are those Costs incuired direclty in support of 8xp8nditure on the objects of the ornpany and include projed managemènt carrièd out al HeadquarteTS. Charitsble activ￿9$ and Govemance ￿sts are costs incurred on the companvs operations. including support costs and cgsts relating to the govemance of th8 company apportloned lo charitable 8CtMlie5. 13. HEADWAY THAMES VALLEY LIMITED {Rggisterod numb•r'. 025097801 NOTES FORMING PART OF THE FINANCIAL STATEMENTS Icont'd) For tho yoar ondod 31 Mar¢h 2023 ACCOUNTING POLICIES ICONTINUEDI el Tangible Fixed Assets Fixed asseis for charity use are caprtalised at cos( when ac4uired, or market valuè as detomiined by the directorsltrustees where donated. They are ststed in the fin8n¢i81 stat8ment$ at original costlvalue less (SepTectatlDn. Flxett assets zre nut GapVtali5ed if the Eost Is IE55 than £500. Depreciation is tharged so as to allocate the cost of tangib￿ ￿Xed assets ￿85 their residual value over their estimated useful lives. Dèpr8uation is prowded on the folkthing bases.. Leasehohd improvements 25% reducing balance Minibus 250A reducing balance Fixtures and fittings 20% raducing balancg Computer equiprnent 3 years straighl line Interest recelvable Inleresl on funds held on deposit 1$ Included when rece￿9b19 and th¢ amount can b8 measured reliably by the company., ihva is nom*ty upon notif￿t￿)n gf the interest paid or paY8b￿ by the Bank. g) Operating194ses Renials under OFETaling leases are chaiged lo the Slalemenl of Fina￿131 Activiti8s incorporating Incoma and Expenditure Ac¢ounl on a strawJht line basis over the lease term. h) Debtors Trade and other debtors are recognised at the Sett￿ment amount after any trad8 disc(xJnt offered. Prèpaymènts arè valuèd at the amount prepaid net of any trade discounts due. i) Cash at bank and in hand Cash al bank and In hand includes cash and short-temi highly liqukl investments with a short maturity of three months or less from the date of acquisilw)n or op8ning of the deposit or similar a¢xounl. Liabilities and provi$ions Liabilities are recogni5ed when there is an obligation al the Balancè Sh8et dat8 as a resurt of a past event, it is probable that a transfer of econornic benefit will be required in seltlement. and the amount of the settlement can be estimated reliably. Liabilities are recogntsed at the amount that the company 8ntiCiP8tes it will pay to setue the debt or the amount it has re￿iVed as adVan￿d payments for the go¢xJs or services11 must proffide. Provisions a￿ measured * the best estimate of Ihe amounts require to setue the obligation. Where the effeci of the time value of Money is material, the provision is based on the present value of those amounls, discounted al the pie-t8x discount rale th81 rellects the risks specffic to the liabilty. Thé unwinding of the discount is recognised within interest payabk and similar charges. k) P•n$ions The company operates a defined ￿ntribUtIon pension scheme and the pension charge represents the amounts payable by the cornpany to the fund in respect of the year. 14- HEADWAY THAMES VALLEY LIMITED (Registered number: 025097801 NOTES FORMING PART OF THE FINANCIAL STATEMENTS Icont'd) For the y¢•r •nded 31 March 2023 AGCOUNTING POLICIES ICONTINUEDI Fund accounttng General funds are unrestricted funds whth ar8 available for us8 at the discretion of the Trustees in furtherance of thè 9è￿r￿ objèctiV88 of tha Company and which havè not b•èn dasignatad foi olher puwses. De$ignaled funds comprise unieslricted fvnds that have been set aside by the Trustees foT particular purposes. Th8 aim and use of each designated fund is sel oui in the notès to financial statèments. Restricted fund5 are funds which are to b8 us8d in accordanc8 With specific restrictions imkX)sed by donors or wh￿h have bean raised by the Company for particular purposes. The costs of raising and administering such funds are charged against the specAfic fund. The aim and use of each reslricled fund is set out in the notes lo thè fina￿1￿1 statèm8nts. Crltlcal accountlng 98timato$ and ar￿8 of judgment In the applicalion of the ¢ompanls accounting wJlirAes, Ihe directors are requiied to make judgrnenls, eslimales and assumptions about the carrw'ng amounts of assèts and1iabi1it￿s that are not readily 8pparent from other source5. The estimates and assoaated aSSumpt￿nS are based on historical experience and olherfactors that are considered to be ￿leVant. Actual results may drffer trom these eslimales. Critical accounting estimates and assumptions.. There were no judgmgnl or material eslimalion uncertainties affecting the reported finan￿al performance in the current or prior year. INCOME Unre8tri¢ted Fund8 Restricted Funds Totsl 2023 Total 2022 DonatSons and legacies Donations Giants 83.748 7,485 1.569 91.233 1.569 77,414 Charltabla acllvltlgs Attendance fee Neuro rehabililation Grants 77,7( 77.706 3,660 21.981 86,419 3,270 23, 082 15.0(M) 6,981 Other trading activities Monthty draw Transportation 1,890 7,008 1,890 7,008 1, 965 6,015 Invesbnents Investment income 736 736 28 Other income Profft on sak of assets 9,379 9,379 199,127 1e,035 215.162 198, 193 2022 175,171 23,082 198, 193 15_ HEADWAY THAMES VALLEY LIMITED IRog15tered number.. 025097801 NOTES FORMING PART OF THE FINANCIAL STATEMENTS (confd) For the year ended 31 March 2023 TOTAL RESOURCES EXPENDED Charitable A¢tlvlty Fundraising costs Coats Total 2023 Total 2022 Direct Costs Wagès and salarfes Consuttants Client act￿ltieS Depreciation and transport costs Computers Premises, deaning and maintenance Staff rauuitment Bad debt prowsion Cliènt oth8r 8xp@ndrturè 73,706 13,176 17,038 11,531 9.658 26,043 2.403 600 434 22,144 95,850 13,176 17.038 11.531 9.658 26.043 2.403 600 409 93.058 9,000 78,162 12,926 4.781 6, 121 2,027 (217) 1,390 147,248 1251 22,119 154,589 176,708 Support Costs Depreciation Ulilitks and waste dlsposal Rent Postage, ielephone. prlnling and stationgry Insuran￿. legal and prolessional Training Other expendrture Fundraising costs Accountancy 3,297 3,970 2,653 3,799 2,087 703 1,043 3,490 4,191 4,554 1,679 2,800 6,510 2.872 484 1.559 2.079 3,589 26, 126 221 147 475 91 39 91 2,414 4,274 2,178 742 1,734 2,414 3,732 3.732 21,884 3,671 25,555 176,472 25,791 202,263 173,3T4 2022 141,070 32,304 173,374 EXPENDITURE 2023 2022 Net income Is slated after tharging.. Depreciation Pension cost8 Independent examiner fee 3,4￿1 2,267 2,7 4.554 2,255 2, 780 16- HEADWAY THAMES VALLEY LIMITED (Roglstsred numbgr: 025097801 NOTES FORMING PART OF THE FINANCIAL STATEMENTS (cont'd) For the year ended 31 March 2023 STAFF COSTS 2023 2022 Wag8s and salariès Social security costs Superannuation costs 93.535 85,350 5,452 2,255 2,267 95,850 g3,058 No. The average number of employees during tha year was.. No employees recewed remuneration amounting to moré than £60.0(K)12022.. nill. The total of employee benefits (salary and empbyerfs pension ts)ntributs"onl paid lo key management personnel in the year totslled £29.29212022.' £27.5571. TRUSTEES. REMUNERATION AND EXPENSES During th9 year none of the Board of Trustees received any r8mun8ralion or other beneffts12022.. nlll. TANGIBLE FIXED ASSETS short.temi Leasehold Property hlotor V•hicl•s Fixtures & Fittlngs Computer Equlpmènt Total CoJtlValuatlon At 1 April 2022 Disposals 107,1 60.830 {49,6411 86,088 19,302 279,419 {49,6411 As at 31 March 2023 107,19S 17,195 86,086 19,302 229,778 Depreciatlon Al 1 April 2022 Charge lor th8 yÈ8r Disposals 100.820 1,594 61,740 750 147,0201 81.￿0 837 17,084 1,059 261,544 4,240 147,0201 As at 31 March 2023 102,414 15.470 82.737 18,143 218,764 NetBook Valu As at 31 March 2023 4.781 1.725 3,349 1,159 11,014 As 8t 31 March 2022 6,3T5 5,096 4, 186 2,218 17,8T5 HEADWAY THAMES VALLEY LIMITED IR•giStered number- 025097801 NOTES FORMING PART OF THE FINANCIAL STATEMENTS (cl￿t'd) For the year ended 31 March 2023 DEBTORS 2023 2022 Trade debtors P￿payments and accrued income Other debtors 12.231 2.033 5,013 19.620 3,424 1,041 19,277 24,085 10 CREDITORS: AMOUNTS DUE WITHIN ONE YEAR 2023 2022 Tradè cr8drtors Social sècurty