HEADWAY NORFOLK AND WAVENEY LTD
Registered charity 1040706 · accounts filings on the Charity Commission register · also known as HEADWAY GREAT YARMOUTH AND WAVENEY · filing overdue (register status)
Promoting understanding of brain injury and providing information, support, and services to people with an acquired brain injury, their families, and carers in Norfolk and Waveney.
Causes: Education/training · The Advancement Of Health Or Saving Of Lives · Disability · Economic/community Development/employment · website · Get email alerts
Financial health, per its FY2024 accounts
The accounts state that the charity reported a net expenditure of £137,903 for the year, resulting in a decrease in unrestricted reserves to £108,570. The trustees and auditors have identified a material uncertainty regarding the charity's ability to continue as a going concern due to low cash reserves and inflationary pressures. Consequently, the charity is currently below its stated reserves policy target of approximately £180,000.
Automated summary of the FY2024 accounts; the evidenced findings below carry the verbatim passages.
What the accounts disclose
Reserves position: below the charity's own stated reserves policy (held: £109k; policy: two months running costs (around £180,000))
“However, the charity is not currently maintaining this level of reserves due to the difficult operating environment.”
Per its FY2024 accounts as filed with the Charity Commission.
Going concern: material uncertainty disclosed
“We draw attention to note 1.3 in the financial statements, which indicates due to inflationary pressures, along with the other matters as set forth in the trustees’ report, that a material uncertainty exists that may cast significant doubt on the charitable company’s ability to continue as a going concern.” — page 10
Per its FY2024 accounts as filed with the Charity Commission.
Accounts audited by Sexty & Co. Discloses 5 of 6 completeness components.
Year-over-year changes
- Going concern: no going-concern doubt (FY2023) → material uncertainty (FY2024).
Comparing this charity’s FY2023 and FY2024 accounts as analysed by this site.
Public fundraising profile: JustGiving — Headway Norfolk and Waveney (matched by registered charity number).
Structured financials (annual return, FY ending 31/03/2024)
Reported reserves equal ~1.0 months of spending — in the bottom quarter for charities its size (median 4.8 months; benchmarks).
Per its annual return, largest income source: Charitable activities (95% of income) — components as reported reconcile to the return’s total income; not from the accounts narrative.
Per its annual return, cost of raising funds: 0.4% of total income — below the median for charities its size (5.2%) (benchmarks).
Trustee list from the Charity Commission register (current, not historical).
Operates in: Norfolk · Suffolk
Income and spending
Common questions
Is HEADWAY NORFOLK AND WAVENEY LTD financially healthy?
Per its FY2024 accounts: The accounts state that the charity reported a net expenditure of £137,903 for the year, resulting in a decrease in unrestricted reserves to £108,570. The trustees and auditors have identified a material uncertainty regarding the charity's ability to continue as a going concern due to low cash reserves and inflationary pressures. Consequently, the charity is currently below its stated reserves policy target of approximately £180,000. Its FY2024 accounts were audited by Sexty & Co.
Who funds HEADWAY NORFOLK AND WAVENEY LTD?
Funders whose own accounts filings name HEADWAY NORFOLK AND WAVENEY LTD as a grant recipient include NORWICH CONSOLIDATED CHARITIES, THE ANTON JURGENS CHARITABLE TRUST, SIR JULES THORN CHARITABLE TRUST, THE ANNIE TRANMER CHARITABLE TRUST, THE FRANK LITCHFIELD GENERAL CHARITABLE TRUST.
Known funders
Grants to this charity found in funders’ own accounts filings.
Government & lottery funding
Grants to this charity published as open data by government and lottery funders (360Giving).
Funders of similar charities
Funders whose accounts show grants to charities similar to this one (and no recorded grant to this charity) — a starting list for fundraisers.
Charities like this
Semantically similar by activities and financial character, from our analysed corpus. Compare with Headway Suffolk and Norfolk LTD.
Side by side with its peers
Each row is that charity’s latest analysed filing; every value is quote-backed on its own page.