| REGISTERED COMPANY NUMBER: |
| REGISTERED CHARITY NUMBER: |
| REPORT OF THE TRUSTEES AND |
| UNAUDITED FINANCIAL STATEMENTS |
| FOR THE YEAR ENDED 31 DECEMBER 2024 |
| FOR |
| HEADWAY SOUTH WEST LONDON LIMITED |
| REGISTERED COMPANY NUMBER: |
| REGISTERED CHARITY NUMBER: |
| REPORT OF THE TRUSTEES AND |
| UNAUDITED FINANCIAL STATEMENTS |
| FOR THE YEAR ENDED 31 DECEMBER 2024 |
| FOR |
| HEADWAY SOUTH WEST LONDON LIMITED |
| HEADWAY SOUTH WEST LONDON LIMITED |
| CONTENTS OF THE FINANCIAL STATEMENTS |
| FOR THE YEAR ENDED 31 DECEMBER 2024 |
| Page |
| Reference and Administrative Details | 1 |
| Report of the Trustees | 2 | to | 3 |
| Independent Examiner's Report | 4 |
| Statement of Financial Activities | 5 |
| Balance Sheet | 6 |
| Notes to the Financial Statements | 7 | to | 10 |
| HEADWAY SOUTH WEST LONDON LIMITED |
| REFERENCE AND ADMINISTRATIVE DETAILS |
| FOR THE YEAR ENDED 31 DECEMBER 2024 |
| TRUSTEES |
| REGISTERED OFFICE |
| REGISTERED COMPANY NUMBER |
| REGISTERED CHARITY NUMBER |
| INDEPENDENT EXAMINER | Collards |
| Chartered Accountants |
| 5-9 Eden Street |
| Kingston-upon-Thames |
| Surrey |
| KT1 1BQ |
| HEADWAY SOUTH WEST LONDON LIMITED (REGISTERED NUMBER: 08328984) |
| REPORT OF THE TRUSTEES |
| FOR THE YEAR ENDED 31 DECEMBER 2024 |
| The trustees who are also directors of the charity for the purposes of the Companies Act 2006, present their report with the financial statements of the charity for the year ended 31 December 2024. The trustees have adopted the provisions of 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). |
| OBJECTIVES AND ACTIVITIES |
| Objectives and aims |
| The Charity's objectives are: |
| To provide people with acquired brain injury living in South West London with access to information, support, and social activities, and to provide support to their carers, family and friends. |
| To offer our service users the opportunity to share experiences in a safe and supportive environment, in the knowledge that the challenges that acquired brain injury brings, will be shared by many of the members of the groups. |
| To support professionals who work with those with a brain injury and work to promote understanding of all aspects of brain injury. |
| To expand the availability of the social activities we offer and to maintain our fundraising efforts in order to become a more effective group, and to provide an excellent service to the brain injured community. |
| Public benefit |
| The Charity's objectives are to provide people with acquired brain injury living in South West London with access to information, support, and social activities, and to provide support to their carers, family and friends. The trustees are aware of the Charity Commission guidance on public benefit reporting as set out in Section 17 Charities Act 2011. |
| ACHIEVEMENT AND PERFORMANCE |
| Charitable activities |
| Throughout 2024 the charity pursued its core mission of serving those in the South West London area affected by Brain Injury, whether it be an acquired brain injury or a condition arising from a genetic or a congenital disorder. |
| We continued to provide service users with access to regular monthly in person group meetings in Croydon, Balham, Wimbledon and Richmond as well as access to on-line virtual meetings, with each group run by a qualified facilitator assisted by volunteers. They organise the activities, arranging guest speakers and share information of interest with other groups to promote common goals. In addition, Brain injury co-ordinators and those Trustees with professional expertise in neurorehabilitation continued to support, where needed, service users on a one-to-one basis. |
| The social events that we arranged throughout the year provided all service users with an opportunity to meet, socialise and enjoy a common experience with those they would not normally see at the monthly group meeting they usually attend. |
| In the spring and summer months, service users were able to enjoy and help maintain the charity's allotment with produce grown on the allotment, winning first prizes at the annual "All allotment summer show." |
| Our website, newsletter, email, and text messaging form the main method of communication that keeps us in touch with service users. We also have a dedicated phone line with messages and return calls. |
| Our ability to maintain these activities is due to the continued generous support of our donors and volunteers for which we are extremely grateful. With their help we will continue and seek to expand the number of social events as well as our educational and group activities in the coming year. |
| FINANCIAL REVIEW |
| Reserves policy |
| It is the policy of the Charity that unrestricted funds which have not been designated for a specific use should be maintained at a minimum level of between 3 and 6 months expenditure. The Trustees consider that reserves at this level will ensure that, in the event of a significant drop in funding, they will be able to continue the Charity's current activities and objectives while consideration is given to ways in which additional funds may be raised. In 2024 there is a decrease in reserves of approximately £9k. With reserves of £37k, the charity is able to fulfil its aims for many years at the current level of expenditure on charitable activities. |
| STRUCTURE, GOVERNANCE AND MANAGEMENT |
| Governing document |
| The charity is controlled by its governing document, a deed of trust, and constitutes a limited company, limited by guarantee, as defined by the Companies Act 2006. |
| HEADWAY SOUTH WEST LONDON LIMITED (REGISTERED NUMBER: 08328984) |
| REPORT OF THE TRUSTEES |
| FOR THE YEAR ENDED 31 DECEMBER 2024 |
| The directors of the company are also charity trustees for the purposes of charity law. Under the requirements of the Memorandum and Articles of Association, the trustees are elected to hold office at Annual General Meetings. One third of the trustees must retire at each Annual General Meeting, those longest in office retiring first. Those who retire may be re-elected. All new trustees are recommended to the board by existing trustees or associates. |
| The Board of Trustees consists of at least 3 individuals, and at most 12 individuals. A trustee receives no remuneration, and must not serve on the board for a term greater than 6 years. |
| Approved by order of the board of trustees on |
| INDEPENDENT EXAMINER'S REPORT TO THE TRUSTEES OF |
| HEADWAY SOUTH WEST LONDON LIMITED |
| Independent examiner's report to the trustees of Headway South West London Limited ('the Company') |
| I report to the charity trustees on my examination of the accounts of the Company for the year ended 31 December 2024. |
| Responsibilities and basis of report |
| As the charity's trustees of the Company (and also 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 your charity's accounts as 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 matters 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. |
| Christopher Julian Brigstocke |
| Collards |
| Chartered Accountants |
| 5-9 Eden Street |
| Kingston-upon-Thames |
| Surrey |
| KT1 1BQ |
| 29 September 2025 |
| HEADWAY SOUTH WEST LONDON LIMITED |
| STATEMENT OF FINANCIAL ACTIVITIES |
| FOR THE YEAR ENDED 31 DECEMBER 2024 |
| 2024 | 2023 |
| Unrestricted | Restricted | Total | Total |
| fund | fund | funds | funds |
| Notes | £ | £ | £ | £ |
| INCOME AND ENDOWMENTS FROM |
| Donations and legacies |
| Investment income | 3 |
| Total |
| EXPENDITURE ON |
| Raising funds | 4 |
| Charitable activities |
| Total |
| NET INCOME/(EXPENDITURE) | ( |
) | ( |
) | ( |
) |
| RECONCILIATION OF FUNDS |
| Total funds brought forward |
| TOTAL FUNDS CARRIED FORWARD | 46,596 |
| HEADWAY SOUTH WEST LONDON LIMITED (REGISTERED NUMBER: 08328984) |
| BALANCE SHEET |
| 31 DECEMBER 2024 |
| 2024 | 2023 |
| Unrestricted | Restricted | Total | Total |
| fund | fund | funds | funds |
| Notes | £ | £ | £ | £ |
| CURRENT ASSETS |
| Debtors | 7 |
| Cash at bank |
| CREDITORS |
| Amounts falling due within one year | 8 | ( |
) | ( |
) | ( |
) |
| NET CURRENT ASSETS |
| TOTAL ASSETS LESS CURRENT LIABILITIES |
| NET ASSETS |
| FUNDS | 9 |
| Unrestricted funds | 46,596 |
| TOTAL FUNDS | 46,596 |
| The charitable company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 December 2024. |
| The members have not required the company to obtain an audit of its financial statements for the year ended 31 December 2024 in accordance with Section 476 of the Companies Act 2006. |
| The trustees acknowledge their responsibilities for |
| (a) | ensuring that the charitable company keeps accounting records that comply with Sections 386 and 387 of the Companies Act 2006 and |
| (b) | preparing financial statements which give a true and fair view of the state of affairs of the charitable company as at the end of each financial year and of its surplus or deficit for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the charitable company. |
| These financial statements have been prepared in accordance with the provisions applicable to charitable companies subject to the small companies regime. |
| The financial statements were approved by the Board of Trustees and authorised for issue on |
| HEADWAY SOUTH WEST LONDON LIMITED |
| NOTES TO THE FINANCIAL STATEMENTS |
| FOR THE YEAR ENDED 31 DECEMBER 2024 |
| 1. | STATUTORY INFORMATION |
| Headway South West London Limited is a private company, limited by guarantee, registered in England and Wales. The company's registered number and registered office address can be found on the Reference and Administrative Details section. In the event of the charity being wound up, the liability in respect of the guarantee is limited to £10 per member of the charity. |
| 2. | ACCOUNTING POLICIES |
| Basis of preparing the financial statements |
| The financial statements of the charitable company, which is a public benefit entity under FRS 102, 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)', Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland' and the Companies Act 2006. The financial statements have been prepared under the historical cost convention. |
| Income |
| All income is recognised in the Statement of Financial Activities once the charity has entitlement to the funds, it is probable that the income will be received and the amount can be measured reliably. |
| Expenditure |
| Liabilities are recognised as expenditure as soon as there is a legal or constructive obligation committing the charity to that expenditure, it is probable that a transfer of economic benefits will be required in settlement and the amount of the obligation can be measured reliably. Expenditure is accounted for on an accruals basis and has been classified under headings that aggregate all cost related to the category. Where costs cannot be directly attributed to particular headings they have been allocated to activities on a basis consistent with the use of resources. |
| Taxation |
| The charity is exempt from corporation tax on its charitable activities. |
| Fund accounting |
| Unrestricted funds can be used in accordance with the charitable objectives at the discretion of the trustees. |
| Restricted funds can only be used for particular restricted purposes within the objects of the charity. Restrictions arise when specified by the donor or when funds are raised for particular restricted purposes. |
| Further explanation of the nature and purpose of each fund is included in the notes to the financial statements. |
| 3. | INVESTMENT INCOME |
| 2024 | 2023 |
| £ | £ |
| Deposit account interest |
| 4. | RAISING FUNDS |
| Raising donations and legacies |
| 2024 | 2023 |
| £ | £ |
| Support costs |
| HEADWAY SOUTH WEST LONDON LIMITED |
| NOTES TO THE FINANCIAL STATEMENTS - continued |
| FOR THE YEAR ENDED 31 DECEMBER 2024 |
| 5. | TRUSTEES' REMUNERATION AND BENEFITS |
| There were no trustees' remuneration or other benefits for the year ended 31 December 2024 nor for the year ended 31 December 2023. |
| Trustees' expenses |
| There were no trustees' expenses paid for the year ended 31 December 2024 nor for the year ended 31 December 2023. |
| 6. | STAFF COSTS |
| The average number of employees for the year was NIL (2023 - NIL). |
| 7. | DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
| 2024 | 2023 |
| £ | £ |
| Other debtors |
| 8. | CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
| 2024 | 2023 |
| £ | £ |
| Trade creditors |
| Accrued expenses |
| 9. | MOVEMENT IN FUNDS |
| Net |
| movement | At |
| At 1.1.24 | in funds | 31.12.24 |
| £ | £ | £ |
| Unrestricted funds |
| General fund | 46,596 | (8,897 | ) | 37,699 |
| TOTAL FUNDS | (8,897 | ) | 37,699 |
| Net movement in funds, included in the above are as follows: |
| Incoming | Resources | Movement |
| resources | expended | in funds |
| £ | £ | £ |
| Unrestricted funds |
| General fund | 7,080 | (15,977 | ) | (8,897 | ) |
| TOTAL FUNDS | ( |
) | (8,897 | ) |
| HEADWAY SOUTH WEST LONDON LIMITED |
| NOTES TO THE FINANCIAL STATEMENTS - continued |
| FOR THE YEAR ENDED 31 DECEMBER 2024 |
| 9. | MOVEMENT IN FUNDS - continued |
| Comparatives for movement in funds |
| Net |
| movement | At |
| At 1.1.23 | in funds | 31.12.23 |
| £ | £ | £ |
| Unrestricted funds |
| General fund | 48,093 | (1,497 | ) | 46,596 |
| TOTAL FUNDS | 48,093 | (1,497 | ) | 46,596 |
| Comparative net movement in funds, included in the above are as follows: |
| Incoming | Resources | Movement |
| resources | expended | in funds |
| £ | £ | £ |
| Unrestricted funds |
| General fund | 12,962 | (14,459 | ) | (1,497 | ) |
| TOTAL FUNDS | 12,962 | (14,459 | ) | (1,497 | ) |
| A current year 12 months and prior year 12 months combined position is as follows: |
| Net |
| movement | At |
| At 1.1.23 | in funds | 31.12.24 |
| £ | £ | £ |
| Unrestricted funds |
| General fund | 48,093 | (10,394 | ) | 37,699 |
| TOTAL FUNDS | 48,093 | (10,394 | ) | 37,699 |
| A current year 12 months and prior year 12 months combined net movement in funds, included in the above are as follows: |
| Incoming | Resources | Movement |
| resources | expended | in funds |
| £ | £ | £ |
| Unrestricted funds |
| General fund | 20,042 | (30,436 | ) | (10,394 | ) |
| TOTAL FUNDS | 20,042 | (30,436 | ) | (10,394 | ) |
| HEADWAY SOUTH WEST LONDON LIMITED |
| NOTES TO THE FINANCIAL STATEMENTS - continued |
| FOR THE YEAR ENDED 31 DECEMBER 2024 |
| 10. | RELATED PARTY DISCLOSURES |
| 11. | INDEPENDENT EXAMINER FEES |
| The fees paid to the independent examiner during the period in respect of their independent examination provided by them are as follows: |
| 2024 | 2023 |
| £ | £ |
| Independent examination | 1,500 | 1,440 |