OpenCharities

This text was generated using OCR and may contain errors. Check the original PDF to see the document submitted to the regulator. This document is also available as Markdown.

← Headway Thames Valley Limited

2025-03-31-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 2025

JAMES COWPER KRESTON

Statutory Auditors Chartered Accountants Reading

HEADWAY THAMES VALLEY LIMITED

FINANCIAL STATEMENTS

For the year ended 31 March 2025

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 2025 10
Statement of Financial Activities 2024 11
Balance Sheet 12
Notes forming part of the Financial Statements 13 - 22

HEADWAY THAMES VALLEY LIMITED

(Registered number: 02509780)

LEGAL AND ADMINISTRATIVE INFORMATION For the year ended 31 March 2025

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 R P Gilby R Gilson 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 2025

CHAIRPERSON'S STATEMENT

The past 12 months have continued in a positive fashion with Headway Thames Valley able to make some exciting new developments as well as delivering our existing services at Brunner Hall and in the local community. Community Services have broadened their geographic reach, delivering the excellent Living with Brain Injury course to clients in East Berkshire.

A hugely important milestone has been the signing of a new lease with Henley Town Council for the Brunner Hall premises, which secures the future of the services at the centre and has enabled us to obtain funding for some valuable improvements to the building, making it both more environmentally friendly and better equipped to support our clients.

Fundraising in terms of grants and trusts has been strong, with support from local and national bodies, including returning donors, which shows their confidence in our ability to successfully deliver our services and provide support for those impacted by brain injury. We are also grateful for support from many individual fundraisers.

As ever, we have huge gratitude for all of our clients, staff, volunteers and supporters, who help make up this special organisation.

………………………………………………. Tom Satterthwaite Tomlt Chair to the Board of Trustees

GENERAL MANAGER'S REPORT

Headway Thames Valley has had a wholly successful year, marked by significant achievements financially and in terms of service delivery.

This year, the organisation saw increased income and careful financial management, allowing us to end the year in a robust position. Through the support of generous donors, funders, and our fundraising team, we’ve been able to invest in our core services while strengthening our financial sustainability for the future. Finishing the year with a surplus means we can plan with greater certainty and confidence while also making much needed improvements to our premises.

Our commitment to supporting those affected by brain injury has never been stronger. Over the past year, we had more clients than ever before take advantage of our Neuro Rehab Programme, while feedback from our Living with Brain Injury Courses continues to be extremely positive and helps shape future services. Attendance and engagement at our Centre in Henley increased, and we developed exceptional new activities and workshops to help clients build skills and confidence.

With our positive financial position, we successfully invested in expanding and restructuring our team, strengthening both the quality of care we provide and our resilience as an organisation. Our partnerships with professionals, families, and the wider community have flourished, enabling us to reach and support even more people across the Thames Valley. Referral numbers to the charity continue to increase, which shows our support continues to be absolutely vital; with this in mind, we have added a Hospital Liaison Advisor to the team which will ensure that more clients can access our services, and our support will start earlier than ever for families impacted by brain injury.

None of these achievements would be possible without our incredible staff, volunteers, trustees, supporters, and partners. Together, we have built on our solid foundations and achieved a year of real progress and impact for local people affected by brain injury. We look forward to another year of growth, connection, and positive change.

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

HEADWAY THAMES VALLEY LIMITED

(Registered number: 02509780)

TRUSTEES' REPORT (cont'd) For the year ended 31 March 2025

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 Trustees and 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 2025

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 17 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 past year, we have had the privilege of supporting more than 165 clients, along with their families and carers. At our Centre in Henley, this has included an incredible breadth of therapeutic and creative opportunities, such as 400 hours of Art Therapy, 320 hours of tailored Exercise Classes, 210 hours of Tai Chi, 80 hours of Drama & Performance, 80 hours of Gardening, 310 hours of Speech and Language Therapy Groups, and an uplifting 480 hours of Music Therapy.

We also delivered three ‘Living with Brain Injury’ programmes, each running across eight weeks. In total, 30 people benefitted from these structured sessions, which were expertly facilitated by an Occupational Therapist and Neuropsychologist, providing participants with knowledge, strategies and confidence to adapt to life with a brain injury.

Our Community Groups, which continue to bring people together online, were attended by around 40 participants this year, with quarterly face-to-face meet-ups offering valuable in-person connection. Across these gatherings, we delivered more than 520 hours of education, peer support, and practical advice, all guided by our Occupational Therapist and Speech Therapist.

Through our Neuro Rehab Service, we were able to provide a further 42 hours of Neuro Psychology, 106 hours of Neuro Physiotherapy, and 35 hours of Speech & Language Therapy and Counselling – specialist interventions that make a lasting difference in people’s recovery and wellbeing.

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.

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 an operating surplus £73,250 (2024: loss £197), maintaining the strong reserves position at the year end of £314,757 - of which £286,131 is unrestricted funds and is represented by £272,285 of unrestricted cash reserves.

During the year, the charity received £95,711 in the form of general donations and from fundraising activities (2024: £64,787).

HEADWAY THAMES VALLEY LIMITED

(Registered number: 02509780)

REPORT OF THE BOARD OF TRUSTEES ( Cont'd .) For the year ended 31 March 2025

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 and £5,574 to fund an additional Neuro-rehabilitation Lead in 2025 during a staffing crossover period. The charity has also designated £4,371 of reserves to fund future client activities that do not have secured funding, plus £5,000 of reserves for future projects required at Brunner Hall. Utilising the People's Postcode Lottery funding received this year, the Charity has set up two designated funds to further our services. The Navigator Salary Fund is to cover the salary costs (£29,358) of a new role starting in 2025-26 which will liaise with individuals directly to our services from hospital. The Architectural Building Fund makes use of the remaining People's Postcode funding (£30,000) and has been set aside with hopes of further benefiting our clients by changing the layout of Brunner Hall to make it more accessible.

Unrestricted reserves, after designated reserves, of £115,178 (2024: £122,201) 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 12 November 2025 and signed on their behalf by -

………………………………………………. Tom Satterthwaite Tom oD.

Chair to the Board of Trustees

HEADWAY THAMES VALLEY LIMITED

(Registered number: 02509780)

STATEMENT OF TRUSTEES' RESPONSIBILITIES For the year ended 31 March 2025

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 2025

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 2025.

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: …………………………………………. 19 November 2025

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 2025

Notes
Income from:
3
Donations and legacies
Charitable activities
Other trading activities
Investments
Other income
Total
Expenditure on:
4
Charitable activities
Fundraising
Total
Net movement in funds
Reconciliation of funds:
Total funds brought forward at 1 April 2024
Total funds carried forward at 31 March 2025		 Unrestricted
Funds
£
84,847
153,164
7,880
3,069
100
249,060
159,412
34,062
193,474
55,586
230,545
286,131		 Restricted
Funds
£
10,864
108,852
-
-
-		 Total Funds
2025
£
95,711
262,016
7,880
3,069
100
119,716 368,776
102,052
-		 261,464
34,062
102,052 295,526
17,664 73,250
10,962 241,507
28,626 314,757

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

The notes on pages 13 to 22 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 2024

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
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 anc losses recognised in the year.

The notes on pages 13 to 22 form part of these financial statements

HEADWAY THAMES VALLEY LIMITED

(Registered number: 02509780)

Balance Sheet at 31 March 2025

2025 2024
Notes £ £ £ £
FIXED ASSETS
Tangible assets 8 4,881 6,704
CURRENT ASSETS
Debtors 9 38,702 33,991
Cash at bank and in hand 300,911 214,078
339,613 248,069
CREDITORS
Amounts falling due within one year 10 (29,737) (13,266)
Net current assets 309,876 234,803
Net assets 314,757 241,507
FUNDS
Restricted funds 28,626 10,962
Unrestricted funds
Designated Funds 170,953 108,344
General Funds 115,178 122,201
11 314,757 241,507

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 12 November 2025 and signed on its behalf by:…………………………………………. yy L Mh by:T Satterthwaite

HEADWAY THAMES VALLEY LIMITED

(Registered number: 02509780)

NOTES FORMING PART OF THE FINANCIAL STATEMENTS For the year ended 31 March 2025

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:

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 2025

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.

HEADWAY THAMES VALLEY LIMITED

(Registered number: 02509780)

NOTES FORMING PART OF THE FINANCIAL STATEMENTS ( cont'd) For the year ended 31 March 2025

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
2024		 Unrestricted
Funds
£
84,847
-
86,041
5,290
61,833
1,690
6,190
3,069
-
100
249,060
164,311		 Restricted
Funds
£
10,864
-
-
-
108,852
-
-
-
-
-
119,716
30,227		 Total
2025
£
95,711
-
86,041
5,290
170,685
1,690
6,190
3,069
-
100
368,776
194,538		 Total
2024
£
64,787
-
76,785
5,478
38,327
1,735
5,939
2,665
(1,213)
35
194,538

HEADWAY THAMES VALLEY LIMITED

(Registered number: 02509780)

NOTES FORMING PART OF THE FINANCIAL STATEMENTS (cont'd) For the year ended 31 March 2025

4 TOTAL RESOURCES EXPENDED

Charitable Activity
Costs
£
Direct Costs
Wages and salaries
84,893
Consultants
17,309
Client activities
16,073
Depreciation and transport costs
10,387
Computers
10,038
Premises, cleaning and maintenance
95,432
Staff recruitment
4,004
Bad debt provision
195
Client other expenditure
1,719
240,050
Support Costs
Depreciation
1,417
Utilities and waste disposal
1,443
Rent
2,653
Postage, telephone, printing and stationery
5,172
Insurance, legal and professional
3,911
Training
669
Other expenditure
2,340
Fundraising costs
-
Accountancy
3,809
21,414
261,464
2024
164,548
5
EXPENDITURE
Net income is stated after charging:
Depreciation
Pension costs
Independent examiner fee		 Fundraising
Costs
£
28,472
-
-
-
-
-
-
-
-
28,472
83
80
147
646
170
37
130
4,297
-
5,590
34,062
30,187		 Total
2025
£
113,365
17,309
16,073
10,387
10,038
95,432
4,004
195
1,719
268,522
1,500
1,523
2,800
5,818
4,081
706
2,470
4,297
3,809
27,004
295,526
194,735
2025
£
1,823
2,892
2,790		 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
2024
£
3,096
2,439
2,790

HEADWAY THAMES VALLEY LIMITED

(Registered number: 02509780)

NOTES FORMING PART OF THE FINANCIAL STATEMENTS (cont'd) For the year ended 31 March 2025

6 STAFF COSTS

Wages and salaries
Social security costs
Superannuation costs
The average number of employees during the year was:		 2025
£
109,040
1,433
2,892
113,365
No.
8		 2024
£
101,149
-
2,439
103,588
No.
8

No employees received remuneration amounting to more than £60,000 (2024: nil).

The total of employee benefits (salary and employer's pension contribution) paid to key management personnel in the year totalled £32,164 (2024: £29,292).

7 TRUSTEES' REMUNERATION AND EXPENSES

During the year none of the Board of Trustees received any remuneration or other benefits (2024: nil).

8 TANGIBLE FIXED ASSETS

Cost/Valuation
At 1 April 2024
Disposals
As at 31 March 2025
Depreciation
At 1 April 2024
Charge for the year
Disposals
As at 31 March 2025
Net Book Value
As at 31 March 2025
As at 31 March 2024		 Short-term
Leasehold
Property
£
99,896
-
99,896
97,279
654
-
97,933
1,963
2,617		 Motor
Vehicles
£
17,195
-
17,195
15,901
323
-
16,224
971
1,294		 Fixtures &
Fittings
£
40,659
-
40,659
38,225
487
-
38,712
1,947
2,434		 Computer
Equipment
£
6,809
-
6,809
6,450
359
-
6,809
-
359		 Total
£
164,559
-
164,559
157,855
1,823
-
159,678
4,881
6,704

HEADWAY THAMES VALLEY LIMITED

(Registered number: 02509780)

NOTES FORMING PART OF THE FINANCIAL STATEMENTS (cont'd) For the year ended 31 March 2025

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		 2025
£
22,176
16,526
-
38,702
2025
£
22,822
2,008
4,907
29,737		 2024
£
10,152
18,826
5,013
33,991
2024
£
2,668
1,363
9,235
13,266

11 FUNDS

Movement in Funds - Current year

At 1 April 2024
Incoming resources
Outgoing resources
Transfers
Balance at 31 March 2025
Movement in Funds - Previous year
At 1 April 2023
Incoming resources
Outgoing resources
Transfers
Balance at 31 March 2024		 Unrestricted
Funds
£
122,201
249,060
(189,725)
(66,358)
115,178
Unrestricted
Funds
£
122,317
164,311
(164,427)
-
122,201		 Designated
Funds
£
108,344
-
(3,749)
66,358
170,953
Designated
Funds
£
111,650
-
(3,306)
-
108,344		 Restricted
Funds
£
10,962
119,716
(102,052)
-
28,626
Restricted
Funds
£
7,737
30,227
(27,002)
-
10,962		 Total
Funds
£
241,507
368,776
(295,526)
-
314,757
Total
Funds
£
241,704
194,538
(194,735)
-
241,507

HEADWAY THAMES VALLEY LIMITED

(Registered number: 02509780)

NOTES FORMING PART OF THE FINANCIAL STATEMENTS (cont'd) For the year ended 31 March 2025

11 FUNDS (CONTINUED) Movement in funds - Current year

Restricted funds
Syder Foundation
McCarthy & Stone
Gerald Palmer Trust
Garden renovation PW
Hike for Headway
Berkshire Community Foundation -
Garden
Rank Foundation
Gardening Project Donation
Wokingham United Charities
Berkshire Community Foundation -
Cooking
United Way
Co-Op
Delves Charitable Trust
Bruce Wake Charitable Trust
Blenheim
South Oxfordshire District Council
Invesco
Good Exchange
National Lottery
Groundwork UK
Wokingham Borough Council
Royal Borough of Windsor & Maidenhead
The Earley Charity
Total restricted funds
Unrestricted funds
Designated funds
Salary and Services Fund
Client Activity Fund
Capital Fund
Neuro-rehabilitation Lead Salary Fund
Navigator Salary Fund
Architectural Building Fund
Total designated funds
General funds
Total unrestricted funds		 Balance at
Incoming
1 April 2024 Resources
£
£
2,500
-
500
-
500
-
2,000
-
863
-
71
-
920
-
400
400
668
-
223
-
1,500
-
817
1,869
-
3,425
-
1,000
-
2,500
-
1,500
-
3,000
-
2,000
-
18,000
-
75,558
-
500
-
4,982
-
4,982		 Balance at
Incoming
1 April 2024 Resources
£
£
2,500
-
500
-
500
-
2,000
-
863
-
71
-
920
-
400
400
668
-
223
-
1,500
-
817
1,869
-
3,425
-
1,000
-
2,500
-
1,500
-
3,000
-
2,000
-
18,000
-
75,558
-
500
-
4,982
-
4,982		 Outgoing
Resources
£
(2,500)
(500)
-
(2,000)
(863)
(71)
(920)
(800)
(668)
(223)
(1,500)
(2,281)
(3,425)
-
-
-
(3,000)
(2,000)
(5,743)
(75,558)
-
-
-		 Transfers
Balance at
31 March 2025
£
£
-
-
-
-
-
500
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
405
-
-
-
1,000
-
2,500
-
1,500
-
-
-
-
-
12,257
-
-
-
500
-
4,982
-
4,982
10,962 119,716 (102,052) -
28,626
96,650
6,694
5,000
-
-
-		 -
-
-
-
-
-		 -
(2,323)
-
(1,426)
-
-		 -
96,650
-
4,371
-
5,000
7,000
5,574
29,358
29,358
30,000
30,000
108,344
122,201		 -
249,060		 (3,749)
(189,725)		 66,358
170,953
(66,358)
115,178
230,545 249,060 (193,474) -
286,131
241,507 368,776 (295,526) -
314,757

The interfund transfers includes £7,000 to fund an additional Neuro-rehabilitation Lead in 2025 during a staffing cross-over period. Utilising the People's Postcode Lottery funding, £29,358 has been transferred for the Navigator Salary Fund to cover the salary costs of a new role starting in 2025-26 and £30,000 has been transferred for the Architectural Building Fund to further benefit our clients by changing the layout of Brunner Hall to make it more accessible.

HEADWAY THAMES VALLEY LIMITED

(Registered number: 02509780)

NOTES FORMING PART OF THE FINANCIAL STATEMENTS (cont'd) For the year ended 31 March 2025

11 FUNDS (CONTINUED)

Movement in funds - Prior year

Restricted funds
Syder Foundation
McCarthy & Stone
Gerald Palmer Trust
Garden renovation PW
Berkshire Community Foundation -
Neuro
Prince of Wales Foundation
Hike for Headway
Legacy in J Fostekew's memory
Berkshire Community Foundation -
Garden
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
Unrestricted funds
Designated funds
Salary and Services Fund
Client Activity Fund
Capital Fund
Total designated funds
General funds
Total unrestricted funds
Total funds		 Balance at
1 April 2023
£
2,500
500
500
2,000
74
500
863
300
500
-
-
-
-
-
-
-
-
-
-		 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

HEADWAY THAMES VALLEY LIMITED

(Registered number: 02509780)

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

For the year ended 31 March 2025

11 FUNDS (CONTINUED)

Restricted Funds comprise:

Gerald Palmer Trust

To fund TRX chair exercise sessions.

Co-op

To help fund art therapy.

Bruce Wake Charitable Trust To fund TRX chair exercise sessions.

Blenheim

To help fund art therapy.

South Oxfordshire District Council To fund a theatre project.

National Lottery To fund music therapy. Wokingham Borough Council To fund two sessions in May 2025.

Royal Borough of Windsor & Maidenhead To fund two Living With Brain Injury (LWBI) courses in Maidenhead in 2025 & 2026.

The Earley Charity

To fund two Living With Brain Injury (LWBI) courses in Reading in 2025 & 2026.

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.

Neuro-rehabiliation Lead Fund

To fund the Neuro rehabilitation Lead salary January to December 2025.

Navigator Fund

To cover the cost of a new Navigator post.

Architectural Building Fund

To fund architectural layout works at Brunner Hall.

12 ANALYSIS OF NET ASSETS BETWEEN FUNDS

Net assets - Current year
Fixed assets
Net current assets
Net assests - Prior year
Fixed assets
Net current assets		 Unrestricted
Funds
£
4,881
110,297
115,178
6,704
115,497
122,201		 Designated
Funds
£
-
170,953
170,953
-
108,344
108,344		 Restricted
Funds
£
-
28,626
28,626
-
10,962
10,962		 Total
Funds
£
4,881
309,876
314,757
6,704
234,803
241,507

HEADWAY THAMES VALLEY LIMITED

(Registered number: 02509780)

NOTES FORMING PART OF THE FINANCIAL STATEMENTS (cont'd) For the year ended 31 March 2025

13 OPERATING LEASE COMMITMENTS

At 31 March 2025 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		 2025
2024
£
£
2,800
2,800
-
2,800
2,800
5,600

14 RELATED PARTY DISCLOSURES

Related parties are the Trustees, and there have been no transactions between them and Headway Thames Valley Limited in 2025 (2024: nil).