**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**
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## **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|
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## **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
- 3 -
## **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
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## **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:
- Support those with acquired brain injury and their families in the Thames Valley area
- Offer a range of services suitable for all adults with an acquired brain injury
- Play our part in seeking to 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
- 5 -
## **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:
- Providing community based rehabilitation and support, help with long term adjustment, 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 profile and fundraising efforts
- Working towards meeting or exceeding NSF Guidelines with particular reference to quality requirements
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).
- 6 -
## **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
- 7 -
## **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:
- select suitable accounting policies and then apply them consistently;
- observe the methods and principles of the Charities SORP (FRS 102);
- make judgments and accounting estimates that are reasonable and prudent;
- state whether applicable UK Accounting Standards (FRS 102) have been followed, subject to any material departures disclosed and explained in the financial statements;
- prepare the financial statements on the going concern basis unless it is inappropriate to presume that the Company will continue in business.
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.
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## **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
4. 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
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## **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
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## **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
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## **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
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## **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.
- c) **Income**
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:
- 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 statements as it is too difficult to quantify this value with reasonable accuracy.
-
- Investment income is included when receivable.
- Income from charitable activities relate to grants, these are recorded when the charitable company becomes unconditionally entitled to the grant.
## 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:
- (i) Expenditure on raising funds comprise the costs associated with attracting voluntary income and the costs of fundraising activities.
- (ii) Charitable expenditure comprises those costs incurred by the charitable company in the delivery of its activities and services for its beneficiaries. It includes both costs that can be allocated directly to such activities and those costs of an indirect nature necessary to support them.
- (iii) All costs are allocated between the expenditure categories in the statement of financial activities on a basis designed to reflect the use of the resource. 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 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.
- 13 -
## **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
- f) **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.
## 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.
- i) **Cash at bank and in hand**
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.
- 14 -
## **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)**
- l) **Fund accounting**
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_|
||||||
- 15 -
## **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_|
- 16 -
## **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_|
- 17 -
## **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_|
- 18 -
## **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|
- 19 -
## **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_|
- 20 -
**(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).
- 21 -