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2024-03-31-accounts

Registered No. 02509780 (England & Wales) Charity No. 900591

HEADWAY THAMES VALLEY LIMITED (A company limited by guarantee)

UNAUDITED ANNUAL REPORT AND FINANCIAL STATEMENTS

For the year ended 31 March 2024

JAMES COWPER KRESTON Statutory Auditors Chartered Accountants Reading

HEADWAY THAMES VALLEY LIMITED

FINANCIAL STATEMENTS

For the year ended 31 March 2024

C O N T E N T S

Pages
Legal and Administrative Information 3
Chairperson's Statement and General Manager's Report 4
Report of the Board of Trustees 5 - 7
Statement of Trustees' Responsibilities 8
Report of the Independent Examiners 9
Statement of Financial Activities 2024 10
Statement of Financial Activities 2023 11
Balance Sheet 12
Notes forming part of the Financial Statements 13 - 21

HEADWAY THAMES VALLEY LIMITED

(Registered number: 02509780)

LEGAL AND ADMINISTRATIVE INFORMATION For the year ended 31 March 2024

STATUS AND ADMINISTRATION:

REGISTERED OFFICE:

REGISTERED CHARITY NUMBER: COMPANY REGISTRATION NUMBER: TRUSTEES:

Headway Thames Valley Limited is a registered charity, number 900591, and a charitable company limited by guarantee, number 02509780.

Fourth Floor Abbots House Abbey Street Reading Berkshire RG1 3BD 900591 02509780 S Everman (Appointed 26 April 23) R P Gilby R Gilson A Lee (Resigned 24 January 24) K Milan M P Neal T Satterthwaite (Chair)

The trustees are also directors of the company

ACCOUNTANTS:

James Cowper Kreston 8th Floor Reading Bridge House George Street Reading RG1 8LS

HEADWAY THAMES VALLEY LIMITED

(Registered number: 02509780)

TRUSTEES' REPORT For the year ended 31 March 2024

CHAIRPERSON'S STATEMENT

The past year has seen us continue to deliver the existing services that have been going well, both at Brunner Hall and in the community with positive feedback from clients. It has been great to see the team bring in some new activities for Brunner Hall clients that provide the opportunity to develop new skills.

A particular highlight of the year has been the increase in community events that allow us to raise the profile of the impact of brain injury and the experiences of our clients to existing supporters and new connections. The art exhibitions in Henley and Reading provided the opportunity to showcase artwork inspired by the nature and impact of brain injury and also the support provided by Headway Thames Valley. We also were hosted by a local film society for a showing of a film related to brain injury accompanied by clients describing their own experience and the chance for attendees to ask questions.

We have continued to operate thanks to continued support from our fundraisers and successful grant and trust applications. As a result we go into this year with the ability to consider where we can expand services in order to support more people impacted by brain injury in our area.

Huge thanks to all our supporters and those working and volunteering for Headway Thames Valley.

………………………………………………. Tom Satterthwaite Tomlt

Chair to the Board of Trustees

GENERAL MANAGER'S REPORT

Stability has been our primary focus over the previous couple of years but over the last 12 months it has been nice to reengage with the community a bit more and expand our services.

Our ‘Living with Brain Injury’ exhibition has undoubtedly been one of our highlights of the year. Clients, carers and professionals working in neuro-rehab created sculptures, paintings and poetry illustrating brain injury. Held over a four week period at a local gallery, hundreds of members of the general public witnessed the incredible art while also learning a great deal about brain injury and Headway Thames Valley. Our clients, in particular, were very proud to receive some amazing feedback on their pieces.

Introducing new skills to some of our longer serving clients can often be challenging but after a number of consultation sessions, we have been able to expand our offering at our Centre in Henley. Our cooking course and drama workshop in particular, were very well received. Not only did we see new skills develop but perhaps more importantly, we saw a huge boost in our client’s confidence.

We haven’t deviated from our main goal of supporting as many families impacted by brain injury as we possibly can while being financially prudent. I’m extremely proud that we have seen steady growth in referral numbers and have finished the year breaking even, ensuring that we go into next year with strong foundations.

A heartfelt thanks to everyone who continues to support Headway Thames Valley each year, including our amazing staff, trustees, volunteers, clients, and supporters.

………………………………………………. Jamie Higgins Jamie Higgins General Manager

HEADWAY THAMES VALLEY LIMITED

(Registered number: 02509780)

TRUSTEES' REPORT (cont'd) For the year ended 31 March 2024

STRUCTURE, GOVERNANCE AND MANAGEMENT

Governing document

The organisation 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 its Articles of Association.

Directors/Trustees Induction and Training

Most directors/trustees are already familiar with the practical work of the charity, having either a personal involvement or a long-time investment in what it does. Additionally, new directors/trustees are invited and encouraged to 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 at 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 to the work of the charitable company. A scheme of delegation is in place, and day to day responsibility for the provision of the services at the Resource Centre rests with the General Manager.

Key Management Personnel

Key management personnel consists of the General Manager, Jamie Higgins, who is responsible for the operations of the Charity, reports regularly to the Chairperson Tom Satterthwaite and attends trustee meetings. Key management personnel are remunerated at appropriate levels and are reviewed on an annual basis by the Trustees.

Network

Headway Thames Valley is affiliated to Headway UK which was formed in 1979. A steering committee was set 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 its name from Headway National Head Injuries Association to Headway - the brain injury association. Since 1979 the organisation has increased from one steering committee to over 120 groups and branches throughout the UK. Headway UK is run by its members headed by a Board of Trusteesand staff at 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 organisation, Headway Thames Valley gains valuable support and assistance (though not financial) from the national organisation.

Risk Assessment

The directors have considered the major risks which the charitable company faces and confirm that systems have been established to ensure that the necessary actions may be taken.

Objectives and Activities

The charitable company's objectives and principal activities are to:

HEADWAY THAMES VALLEY LIMITED

(Registered number: 02509780)

TRUSTEES' REPORT (cont'd) For the year ended 31 March 2024

Objectives and Activities (cont'd)

The main objectives and activities for the year continued to focus on providing as wide a range of services as possible whilst keeping to our budgetary disciplines. We also continued to offer outreach and education services and provide placements for new graduates.

The following objectives have been met:

As well as 16 staff and volunteers, Headway Thames Valley has agreements during the year with 5 professional therapists and consultants. Volunteers are recruited from a variety of sources and given appropriate training along with the staff.

Achievements and Performance

Over the last year we have supported over 155 clients as well as their families and carers. Some of the support we've provided includes 370 hours of Art Therapy, 300 hours of adapted Exercise Classes, 190 hours of Tai Chi, 145 hours of Upcycling, 145 hours of Gardening, 290 hours of Speech and Language Therapy Groups, and 450 hours of Music Therapy all in our centre in Henley.

We delivered 3 eight week Living with Brain Injury Courses where 27 people benefitted from sessions facilitated by an Occupational Therapist and Neuro Psychologist.

Our Community Groups, attended by 36 people, have continued to be available online with quarterly face to face sessions. In these sessions we have delivered 498 hours of education, peer support and advice, facilitated by our Occupational Therapist.

Through our Neuro Rehab Service, we have delivered 32 hours of Neuro Psychology, 92 hours of Neuro Physio and 18 hours of Speech and Language Therapy.

Plans for the Future

As noted in our Chairperson's statement we aim to achieve modest growth in the next year as we understand and respond to our clients' needs.

After the year end, the Charity was lucky enough to be chosen to be supported by People's Postcode Lottery. In June 2024 we were awarded £60,000 to further the amazing work that we do.

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.

Financial Review

The Charity made a small operating loss in the year of £197 (2023: surplus £12,899), maintaining the strong reserves position at the year end of £241,507 - of which £230,545 is unrestricted funds and is represented by £203,116 of unrestricted cash reserves.

During the year, the charity received £64,787 in the form of general donations and from fundraising activities (2023: £92,802).

HEADWAY THAMES VALLEY LIMITED

(Registered number: 02509780)

REPORT OF THE BOARD OF TRUSTEES ( Cont'd .) For the year ended 31 March 2024

Reserves Policy

The Salary and Services Fund of £96,650 is earmarked to cover costs of client services and staff salaries for approximately 6 months. The charity has also designated £6,619 of reserves to fund future client activities such as Art therapy, Music therapy, Upcycling and Tai chi, plus £5,000 of reserves for future projects required at Brunner Hall.

Unrestricted reserves, after designated reserves, of £122,201 (2023: £122,317) are deemed sufficient to support the charity's 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 on 27 November 2024 and signed on their behalf by -

………………………………………………. Tom Satterthwaite Tomlt

Chair to the Board of Trustees

HEADWAY THAMES VALLEY LIMITED

(Registered number: 02509780)

STATEMENT OF TRUSTEES' RESPONSIBILITIES For the year ended 31 March 2024

The Trustees (who are also the directors of the Company for the purposes of company law) are responsible for preparing the Trustees' Report and the financial statements in accordance with applicable law and United Kingdom Accounting Standards (United Kingdom Generally Accepted Accounting Practice).

Company law requires the Trustees to prepare financial statements for each financial year. 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 state 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 to:

The Trustees are responsible for keeping adequate accounting records that are sufficient to show and explain the Company's transactions and disclose with reasonable accuracy at any time the financial position of the Company and enable them to ensure that the financial statements comply with 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.

HEADWAY THAMES VALLEY LIMITED

(Registered number: 02509780)

INDEPENDENT EXAMINER'S REPORT For the year ended 31 March 2024

Independent Examiner's Report to the Trustees of ('the Company')

I report to the charity Trustees on my examination of the accounts of the Company for the year ended 31 March 2024.

Responsibilities and Basis of Report

As the Trustees of the Company (and its directors for the purposes of company law) you are responsible for the preparation of the accounts in accordance with the requirements of the Companies Act 2006 ('the 2006 Act').

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 Company's accounts carried out under section 145 of the Charities Act 2011 ('the 2011 Act'). In carrying out my examination I have followed the Directions given by the Charity Commission under section 145(5)(b) of the 2011 Act.

Independent Examiner's Statement

I have completed my examination. I confirm that no matter have come to my attention in connection with the examination giving me cause to believe:

  1. accounting records were not kept in respect of the Company as required by section 386 of the 2006 Act; or

  2. the accounts do not accord with those records; or 3. 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 'true and fair' view which is not a matter considered as part of an independent examination; or

  3. 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 to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102).

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 to enable a proper understanding of the accounts to be reached.

This report is made solely to the Company's Trustees, as a body, in accordance with Part 4 of the Charities (Accounts and Reports) Regulations 2008. My work has been undertaken so that I might state to the Company's Trustees those matters I am required to state to them in an Independent Examiner's Report and for no other purpose. To the fullest extent permitted by law, I do not accept or assume responsibility to anyone other than the Company and the Company's Trustees as a body, for my work or for this report.

Darren O’Connor BSc (Hons) FCCA ACA

Senior Statutory Auditor

Date: …………………………………………. 6 December 2024

For and on behalf of:

James Cowper Kreston - 8th Floor, Reading Bridge House, George Street, Reading RG1 8LS

HEADWAY THAMES VALLEY LIMITED

(Registered number: 02509780)

STATEMENT OF FINANCIAL ACTIVITIES (including Income and Expenditure Account) For the year ended 31 March 2024

Notes
Income from:
3
Donations and legacies
Charitable activities
Other trading activities
Investments
Other income
Total
Expenditure on:
4
Charitable activities
Fundraising
Total
Transfer
Net movement in funds
Reconciliation of funds:
Total funds brought forward at 1 April 2023
Total funds carried forward at 31 March 2024		 Unrestricted
Funds
£
62,887
92,263
7,674
2,665
(1,178)
164,311
137,546
30,187
167,733
-
(3,422)
233,967
230,545		 Restricted
Funds
£
1,900
28,327
-
-
-		 Total Funds
2024
£
64,787
120,590
7,674
2,665
(1,178)
30,227 194,538
27,002
-		 164,548
30,187
27,002 194,735
- -
3,225 (197)
7,737 241,704
10,962 241,507

The Statement of Financial Activities includes all gains and losses recognised in the year.

The notes on pages 13 to 21 form part of these financial statements

HEADWAY THAMES VALLEY LIMITED

(Registered number: 02509780)

STATEMENT OF FINANCIAL ACTIVITIES (including Income and Expenditure Account) For the year ended 31 March 2023

Notes
Income and endowments from:
3
Donations and legacies
Charitable activities
Other trading activities
Investments
Other income
Total
Expenditure on:
4
Charitable activities
Fundraising
Total
Transfer
Net movement in funds
Reconciliation of funds:
Total funds brought forward at 1 April 2022
Total funds carried forward at 31 March 2023		 Unrestricted
Funds
£
83,748
96,366
8,898
736
9,379
199,127
150,546
25,791
176,336
(4,797)
27,588
206,379
233,967		 Restricted
Funds
£
9,054
6,981
-
-
-		 Total Funds
2023
£
92,802
103,347
8,898
736
9,379
16,035 215,162
25,927
-		 176,472
25,791
25,927 202,263
4,797 -
(14,689) 12,899
22,426 228,805
7,737 241,704

The Statement of Financial Activities includes all gains anc losses recognised in the year.

The notes on pages 13 to 21 form part of these financial statements

HEADWAY THAMES VALLEY LIMITED

(Registered number: 02509780)

Balance Sheet at 31 March 2024

2024 2023
Notes £ £ £ £
FIXED ASSETS
Tangible assets 8 6,704 11,014
CURRENT ASSETS
Debtors 9 33,991 19,277
Cash at bank and in hand 214,078 224,217
248,069 243,494
CREDITORS
Amounts falling due within one year 10 (13,266) (12,804)
Net current assets 234,803 230,690
Net assets 241,507 241,704
FUNDS
Restricted funds 10,962 7,737
Unrestricted funds
Designated Funds 108,344 111,650
General Funds 122,201 122,317
11 241,507 241,704

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 with 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 with the provisions applicable to entities subject to the small companies regime.

The financial statements were approved and authorised for issue by the Trustees on 27 November 2024 and signed on its behalf by:…………………………………………. “yp L ML. by:T Satterthwaite

HEADWAY THAMES VALLEY LIMITED

(Registered number: 02509780)

NOTES FORMING PART OF THE FINANCIAL STATEMENTS For the year ended 31 March 2024

1 ACCOUNTING POLICIES

a) Basis of Accounting

The financial statements have been prepared in accordance with the Charities SORP (FRS 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 (FRS 102) (effective 1 January 2019), the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) 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 at historical cost or transaction value unless otherwise stated in the relevant accounting policy.

b) 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.

All income is recognised once the Company has entitlement to the income, it is probable that the income will be received and the amount of income receivable can be measured reliably.

The following specific policies are applied to particular categories of income:

d) Expenditure

Expenditure is recognised on an accrual basis as a liability is incurred. Expenditure includes any VAT which cannot be fully recovered, and is reported as part of the expenditure to which it relates:

Support costs are those costs incurred directly in support of expenditure on the objects of the company and include project management carried out at Headquarters.

Charitable activities and Governance costs are costs incurred on the company's operations, including support costs and costs relating to the governance of the company apportioned to charitable activities.

HEADWAY THAMES VALLEY LIMITED

(Registered number: 02509780)

NOTES FORMING PART OF THE FINANCIAL STATEMENTS ( cont'd) For the year ended 31 March 2024

1 ACCOUNTING POLICIES (CONTINUED)

e) Tangible Fixed Assets

Fixed assets for charity use are capitalised at cost, when acquired, or market value as determined by the directors/trustees where donated. They are stated in the financial statements at original cost/value 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 useful lives.

Depreciation is provided on the following bases:

Leasehold improvements - 25% reducing balance Minibus - 25% reducing balance Fixtures and fittings - 20% reducing balance Computer equipment - 3 years straight line

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.

g) Operating leases

Rentals under operating leases are charged to the Statement of Financial Activities incorporating Income and Expenditure Account on a straight line basis over the lease term.

h) Debtors

Trade and other debtors are recognised at the settlement amount after any trade discount offered. Prepayments are valued at the amount prepaid net of any trade discounts due.

Cash at bank and in hand includes cash and short-term 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.

j) Liabilities and provisions Liabilities are recognised when there is an obligation at the Balance Sheet date as a result of a past event, it is probable that a transfer of economic benefit will be required in settlement, and the amount of the settlement can be estimated reliably. Liabilities are recognised at the amount that the company anticipates it will pay to settle the debt or the amount it has received as advanced payments for the goods or services it must provide. Provisions are measured at the best estimate of the amounts required to settle the obligation. Where the effect of the time value of money is material, the provision is based on the present value of those amounts, discounted at the pre-tax discount rate that reflects the risks specific to the liability. The unwinding of the discount is recognised within interest payable and similar charges.

k) Pensions

The company operates a defined contribution pension scheme and the pension charge represents the amounts payable by the company to the fund in respect of the year.

HEADWAY THAMES VALLEY LIMITED

(Registered number: 02509780)

NOTES FORMING PART OF THE FINANCIAL STATEMENTS ( cont'd) For the year ended 31 March 2024

1 ACCOUNTING POLICIES (CONTINUED)

General funds are unrestricted funds which are available for use at 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 set 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 accordance with 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.

2 Critical accounting estimates and areas of judgment

In the application of the company's accounting policies, the directors are required to make judgments, estimates and assumptions about the carrying amounts of assets and liabilities that are not readily apparent from other sources. The estimates and associated assumptions are based on historical experience and other factors that are considered to be relevant. Actual results may differ from these estimates.

Critical accounting estimates and assumptions:

There were no judgment or material estimation uncertainties affecting the reported financial performance in the current or prior year.

3 INCOME

Donations and legacies
Donations
Grants
Charitable activities
Attendance fee
Neuro rehabilitation
Grants
Other trading activities
Monthly draw
Transportation
Investments
Investment income
Other income
(Loss)/Profit on sale of assets
Misc
2023		 Unrestricted
Funds
£
62,887
-
76,785
5,478
10,000
1,735
5,939
2,665
(1,213)
35
164,311
199,127		 Restricted
Funds
£
1,900
-
-
-
28,327
-
-
-
-
-
30,227
16,035		 Total
2024
£
64,787
-
76,785
5,478
38,327
1,735
5,939
2,665
(1,213)
35
194,538
215,162		 Total
2023
£
91,233
1,569
77,706
3,660
21,981
1,890
7,008
736
9,379
215,162

HEADWAY THAMES VALLEY LIMITED

(Registered number: 02509780)

NOTES FORMING PART OF THE FINANCIAL STATEMENTS (cont'd) For the year ended 31 March 2024

4 TOTAL RESOURCES EXPENDED

Direct Costs
Wages and salaries
Consultants
Client activities
Depreciation and transport costs
Computers
Premises, cleaning and maintenance
Staff recruitment
Bad debt provision
Client other expenditure
Support Costs
Depreciation
Utilities and waste disposal
Rent
Postage, telephone, printing and stationery
Insurance, legal and professional
Training
Other expenditure
Fundraising costs
Accountancy
2023
5
EXPENDITURE
Net income is stated after charging:
Depreciation
Pension costs
Independent examiner fee		 Charitable Activity
Costs
£
76,819
16,664
20,680
10,897
5,630
8,134
2,088
145
2,016
143,073
2,517
4,208
2,653
4,305
893
801
2,389
-
3,709
21,475
164,548
176,472		 Fundraising
Costs
£
26,769
-
-
-
-
-
-
-
-
26,769
148
234
147
538
39
45
133
2,134
-
3,418
30,187
25,791		 Total
2024
£
103,588
16,664
20,680
10,897
5,630
8,134
2,088
145
2,016
169,842
2,665
4,442
2,800
4,843
932
846
2,522
2,134
3,709
24,893
194,735
202,263
2024
£
2,665
2,439
2,790		 Total
2023
£
95,850
13,176
17,038
11,531
9,658
26,043
2,403
600
409
176,708
3,490
4,191
2,800
4,274
2,178
742
1,734
2,414
3,732
25,555
202,263
2023
£
3,490
2,267
2,790

HEADWAY THAMES VALLEY LIMITED

(Registered number: 02509780)

NOTES FORMING PART OF THE FINANCIAL STATEMENTS (cont'd) For the year ended 31 March 2024

6 STAFF COSTS

Wages and salaries
Social security costs
Superannuation costs
The average number of employees during the year was:		 2024
£
101,149
-
2,439
103,588
No.
8		 2023
£
93,535
48
2,267
95,850
No.
8

No employees received remuneration amounting to more than £60,000 (2023: nil).

The total of employee benefits (salary and employer's pension contribution) paid to key management personnel in the year totalled £29,292 (2023: £29,292).

7 TRUSTEES' REMUNERATION AND EXPENSES

During the year none of the Board of Trustees received any remuneration or other benefits (2023: nil).

8 TANGIBLE FIXED ASSETS

Cost/Valuation
At 1 April 2023
Disposals
As at 31 March 2024
Depreciation
At 1 April 2023
Charge for the year
Disposals
As at 31 March 2024
Net Book Value
As at 31 March 2024
As at 31 March 2023		 Short-term
Leasehold
Property
£
107,195
(7,299)
99,896
102,414
1,195
(6,330)
97,279
2,617
4,781		 Motor
Vehicles
£
17,195
-
17,195
15,470
431
-
15,901
1,294
1,725		 Fixtures &
Fittings
£
86,086
(45,427)
40,659
82,737
670
(45,182)
38,225
2,434
3,349		 Computer
Equipment
£
19,302
(12,493)
6,809
18,143
800
(12,493)
6,450
359
1,159		 Total
£
229,778
(65,219)
164,559
218,764
3,096
(64,005)
157,855
6,704
11,014

HEADWAY THAMES VALLEY LIMITED

(Registered number: 02509780)

NOTES FORMING PART OF THE FINANCIAL STATEMENTS (cont'd) For the year ended 31 March 2024

9 DEBTORS

9
DEBTORS
Trade debtors
Prepayments and accrued income
Other debtors
10
CREDITORS: AMOUNTS DUE WITHIN ONE YEAR
Trade creditors
Social security costs and other taxes
Accruals and other creditors		 2024
£
10,152
18,826
5,013
33,991
2024
£
2,668
1,363
9,235
13,266		 2023
£
12,231
2,033
5,013
19,277
2023
£
2,171
390
10,243
12,804

11 FUNDS

Movement in Funds - Current year

At 1 April 2023
Incoming resources
Outgoing resources
Transfers
Balance at 31 March 2024
Movement in Funds - Previous year
At 1 April 2022
Incoming resources
Outgoing resources
Transfers
Balance at 31 March 2023		 Unrestricted
Funds
£
122,317
164,311
(164,427)
-
122,201
Unrestricted
Funds
£
156,379
199,127
(176,336)
(56,853)
122,317		 Designated
Funds
£
111,650
-
(3,306)
-
108,344
Designated
Funds
£
50,000
-
-
61,650
111,650		 Restricted
Funds
£
7,737
30,227
(27,002)
-
10,962
Restricted
Funds
£
22,426
16,035
(25,927)
(4,797)
7,737		 Total
Funds
£
241,704
194,538
(194,735)
-
241,507
Total
Funds
£
228,805
215,162
(202,263)
-
241,704

HEADWAY THAMES VALLEY LIMITED

(Registered number: 02509780)

NOTES FORMING PART OF THE FINANCIAL STATEMENTS (cont'd) For the year ended 31 March 2024

11 FUNDS (CONTINUED) Movement in funds - Current year

Balance at
1 April 2023
£
Restricted funds
Syder Foundation
2,500
McCarthy & Stone
500
Gerald Palmer Trust
500
Garden renovation PW
2,000
Berkshire Community Foundation - Neuro
74
Prince of Wales Foundation
500
Hike for Headway
863
Legacy in J Fostekew's memory
300
Berkshire Community Foundation - Garden
500
Chidwick Trust
-
Rank Foundation
-
Gardening Project Donation
-
Shanly Foundation
-
Delves Charitable Trust
-
Wokingham United Charities
-
Berkshire Community Foundation - Cooking
-
United Way
-
Wokingham Borough Council
-
Co-Op
-
Total restricted funds
7,737
Unrestricted funds
Designated funds
Salary and Services Fund
96,650
Client Activity Fund
10,000
Capital Fund
5,000
Total designated funds
111,650
General funds
122,317
Total unrestricted funds
233,967
241,704		 Balance at
1 April 2023
£
Restricted funds
Syder Foundation
2,500
McCarthy & Stone
500
Gerald Palmer Trust
500
Garden renovation PW
2,000
Berkshire Community Foundation - Neuro
74
Prince of Wales Foundation
500
Hike for Headway
863
Legacy in J Fostekew's memory
300
Berkshire Community Foundation - Garden
500
Chidwick Trust
-
Rank Foundation
-
Gardening Project Donation
-
Shanly Foundation
-
Delves Charitable Trust
-
Wokingham United Charities
-
Berkshire Community Foundation - Cooking
-
United Way
-
Wokingham Borough Council
-
Co-Op
-
Total restricted funds
7,737
Unrestricted funds
Designated funds
Salary and Services Fund
96,650
Client Activity Fund
10,000
Capital Fund
5,000
Total designated funds
111,650
General funds
122,317
Total unrestricted funds
233,967
241,704		 Incoming
Resources
£
-
-
-
-
-
-
-
-
-
9,400
920
400
3,500
6,825
1,500
4,592
1,500
500
1,090		 Outgoing
Resources
£
-
-
-
-
(74)
(500)
-
(300)
(429)
(9,400)
-
-
(3,500)
(6,825)
(832)
(4,369)
-
(500)
(273)		 Transfers
Balance at
31 March 2024
£
£
-
2,500
-
500
-
500
-
2,000
-
-
-
-
-
863
-
-
-
71
-
-
-
920
-
400
-
-
-
-
-
668
-
223
-
1,500
-
-
817
7,737 30,227 (27,002) -
10,962
96,650
10,000
5,000		 -
-
-		 -
(3,306)
-		 -
96,650
-
6,694
-
5,000
111,650
122,317		 -
164,311		 (3,306)
(164,427)		 -
108,344
-
122,201
233,967 164,311 (167,733) -
230,545
241,704 194,538 (194,735) -
241,507

Analysis of net assets between funds - Current year

Analysis of net assets between funds - Current year
Fixed assets
Net current assets		 Unrestricted Designated
Funds
Funds
£
£
6,704
-
115,497
108,344		 Restricted
Total
Funds
Funds
£
£
-
6,704
10,962
234,803
122,201 108,344 10,962
241,507

HEADWAY THAMES VALLEY LIMITED

(Registered number: 02509780)

NOTES FORMING PART OF THE FINANCIAL STATEMENTS (cont'd) For the year ended 31 March 2024

11 FUNDS (CONTINUED)

Movement in funds - Prior year

Balance at
1 April 2022
£
Restricted funds
Phyliss Court Action Group
874
Face of Henley
181
Kitchen Fund
281
Refurbishment Fund
353
Dr Mary Minibus
1,138
Physio Couch
330
Rotunda
278
Brunner Hall Refurbishment
2,459
Syder Foundation
2,500
Henley Town Council - Music
1,806
The Big Give
2,011
The D'Oyly Carte Charitable Trust
700
Henley Town Council - Neuro
1,140
Invesco Perpetual
2,575
McCarthy & Stone
500
Gerald Palmer Trust
2,500
Garden renovation PW
2,000
Green Hall Foundation
800
Berkshire Community Foundation - Neuro
-
The Hedley Foundation
-
Prince of Wales Foundation
-
Hike for Headway
-
Legacy in J Fostekew's memory
-
Berkshire Community Foundation - Garden
-
Wokingham United Charities
-
The Big Give
-
Total restricted funds
22,426
Unrestricted funds
Designated funds
Salary and Services Fund
50,000
Client Activity Fund
-
Capital Fund
-
Total designated funds
50,000
General funds
156,379
Total unrestricted funds
206,379
Total funds
228,805		 Balance at
1 April 2022
£
Restricted funds
Phyliss Court Action Group
874
Face of Henley
181
Kitchen Fund
281
Refurbishment Fund
353
Dr Mary Minibus
1,138
Physio Couch
330
Rotunda
278
Brunner Hall Refurbishment
2,459
Syder Foundation
2,500
Henley Town Council - Music
1,806
The Big Give
2,011
The D'Oyly Carte Charitable Trust
700
Henley Town Council - Neuro
1,140
Invesco Perpetual
2,575
McCarthy & Stone
500
Gerald Palmer Trust
2,500
Garden renovation PW
2,000
Green Hall Foundation
800
Berkshire Community Foundation - Neuro
-
The Hedley Foundation
-
Prince of Wales Foundation
-
Hike for Headway
-
Legacy in J Fostekew's memory
-
Berkshire Community Foundation - Garden
-
Wokingham United Charities
-
The Big Give
-
Total restricted funds
22,426
Unrestricted funds
Designated funds
Salary and Services Fund
50,000
Client Activity Fund
-
Capital Fund
-
Total designated funds
50,000
General funds
156,379
Total unrestricted funds
206,379
Total funds
228,805		 Incoming
Resources
£
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
2,500
500
1,981
1,775
2,000
2,000
1,569
3,710		 Outgoing
Resources
£
(146)
(30)
(59)
(74)
(175)
(55)
(46)
(512)
-
(1,806)
(2,011)
(700)
(1,140)
(2,575)
-
(2,000)
-
(800)
(2,426)
(500)
(1,481)
(912)
(1,700)
(1,500)
(1,569)
(3,710)		 Transfers
£
(728)
(151)
(222)
(279)
(963)
(275)
(232)
(1,947)
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-		 Balance at
31 March 2023
£
-
-
-
-
-
-
-
-
2,500
-
-
-
-
-
500
500
2,000
-
74
-
500
863
300
500
-
-
22,426 16,035 (25,927) (4,797) 7,737
50,000
-
-		 -
-
-		 -
-
-		 46,650
10,000
5,000		 96,650
10,000
5,000
50,000
156,379		 -
199,127		 -
(176,336)		 61,650
(56,853)		 111,650
122,317
206,379 199,127 (176,336) 4,797 233,967
228,805 215,162 (202,263)
(
)		 - 241,704

Analysis of net assets between funds - Prior year

Unrestricted Designated Restricted Total
Funds Funds Funds Funds
£ £ £ £
Fixed assets 11,014 - - 11,014
Net current assets 111,303 111,650 7,737 230,690
122,317 111,650 7,737 241,704

(Registered number: 02509780)

HEADWAY THAMES VALLEY LIMITED

NOTES FORMING PART OF THE FINANCIAL STATEMENTS (cont'd)

For the year ended 31 March 2024

11 FUNDS (CONTINUED)

Restricted Funds comprise:

Syder Foundation

Fund to help cover the cost of Bushcraft visits.

McCarthy & Stone

To help fund the garden landscaping project.

Gerald Palmer Trust

To fund TRX chair exercise sessions.

Garden renovation PW

To help fund the garden landscaping project.

Hike for Headway

Donations received to help fund the garden landscaping project.

Berkshire Community Foundation - Garden To help fund the garden landscaping project.

Rank Foundation

To help fund the garden landscaping project.

Gardening Project Donation

To help fund the garden landscaping project.

Wokingham United Charities

To help fund clients' christmas party, lunch and hampers.

Berkshire Community Foundation - Cooking

To help fund cooking sessions.

United Way

To help fund cooking sessions.

Co-op

To help fund art therapy.

Designated Funds comprise:

Salary and Services Fund

Earmarked for the provision of cash resources to support staff salaries and client services for 6 months.

Client Activity Fund

To help cover the.costs of client activities, such as Art therapy, Music therapy, Tai Chi and Neuro rehabilitation. Capital Fund

To fund future projects at Brunner Hall.

12 OPERATING LEASE COMMITMENTS

At 31 March 2024 Headway Thames Valley had commitments to make future minimum lease payments under non- cancellable operating leases as follows:

Not later than 1 year
Later than 1 year and not later than 5 years		 2024
2023
£
£
2,800
2,800
2,800
5,600
5,600
8,400

13 RELATED PARTY DISCLOSURES

Related parties are the Trustees, and there have been no transactions between them and Headway Thames Valley Limited in 2024 (2023: nil).