2022-03-31-accounts - M K Multiple Sclerosis Therapy Group Limited

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MUL-001-Charity accounts (final)-THOMAS- Filename: 20220913-132440-484.PDF Client of: Connolly Accountants & Business Advisors Ltd Signature Details Name: Jan Bohn Email: mkmstherapygroup@btconnect.com Date & Time: 29/09/2022 10:28:52 (BST) IP Address: 90.220.61.151 Jan Bohn agrees and approves the contents of this Signing Statement: document.

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REGISTERED COMPANY NUMBER: 02791056 REGISTERED CHARITY NUMBER: 1017488

Report of the Trustees and

Unaudited Financial Statements

for the Year Ended 31 March 2022

for

M.K. Multiple Sclerosis Therapy Group Limited

Connolly Accountants & Business Advisors Ltd Chartered Certified Accountants The Stable Yard Vicarage Road Stony Stratford Milton Keynes Buckinghamshire MK11 1BN

M.K. Multiple Sclerosis Therapy Group Limited

Contents of the Financial Statements FOR THE YEAR ENDED 31 MARCH 2022

		Page
Report of the Trustees	1	to	3
Independent Examiner's Report		4
Statement of Financial Activities		5
Balance Sheet	6	to	7
Notes to the Financial Statements	8	to	14
Detailed Statement of Financial Activities	15	to	16

M.K. Multiple Sclerosis Therapy Group Limited

Report of the Trustees FOR THE YEAR ENDED 31 MARCH 2022

Trustee report for year ended 31st March 2022

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 March 2022. The trustees have adopted the provisions of the Charities (SORP) FRS102 'Accounting and Reporting by Charities' (effective 1st January 2015).

Principal Activity

The Company was incorporated to provide relief to sufferers of Multiple Sclerosis from a permanent base in Milton Keynes. We also treat other conditions such as Fibromyalgia, Parkinson's, Arthritis, Cancer, Cerebral Palsy (CP), Autism and Sports Injury. Funds for the upkeep of the centre are generated by payment for treatment, fund raising, sponsorship, donations, subscription and grants.

Review of activities

On the 8th March 2021, the MS Therapy Centre re-opened after a prolonged lockdown of almost 3 months. We were operating reduced services with strict protocols in place and following government guidelines re: Covid-19. Income for the month of April was minimal while expenses were double the income. This trend continued for 4 months but fortunately, as national restrictions were gradually relaxed, we were able to increase capacity for HBOT sessions. Some of our long standing members were returning for therapy but the majority of enquiries for therapy were new members mostly with other conditions including Long Covid. We still had our strict protocols in place (wearing face masks at all times, temperature taken, asking of 3 triage questions, strict cleaning and sanitising) and we have not had to close for any prolonged period again.

Later during this financial year, the trustees and directors agreed to a name change (re-branding) to encourage new members with other conditions (non MS) particularly those with Long Covid or mental health issues due to the pandemic. We would now be known as Milton Keynes Therapy Centre. The trustees agreed if on all paperwork and Social Media shown in brackets was (Base of the MK Multiple Sclerosis Therapy Group Ltd). A new clinic was set up, starting in March 2022, solely for Emotion Freedom Technique therapy (EFT) for people with mental ill health resulting from the pandemic. It is too early to say in this financial year how successful it has been. Another grant was obtained specifically to cover expenses for the new clinic.

Operating Income

Operating income for this accounting period (which includes payments and subscriptions) was £34,270 (2021: £13,291). Donations/fundraising was £2,309 (2021: £2,826). Total Income was £34,270 (2021: £52,491), Expenditure was £39,773 (2021: £23,121). This has resulted in a small deficit of £5,503 (2021: surplus of £29,370).

The Trustees would like to thank the Centre Manager, volunteer Operators and Therapists for making it possible to reopen the MS Therapy Centre safely, following all the protocols and Government guidelines, so that we could continue providing therapies for our members. Our grateful thanks also to our Patron, Dr Fernandes, and the Management Committee, Hon Secretary, Chair and Committee members.

STRUCTURE, GOVERNANCE AND MANAGEMENT

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.

The trustees have a duty to identify and review the risks to which the charity is exposed and to ensure appropriate controls are in place to provide reasonable assurance against fraud and error.

M.K. Multiple Sclerosis Therapy Group Limited

Report of the Trustees FOR THE YEAR ENDED 31 MARCH 2022

REFERENCE AND ADMINISTRATIVE DETAILS Registered Company number

02791056 (Not specified/Other)

Registered Charity number

1017488

Registered office

4 Hollin Lane Stacey Bushes Milton Keynes Buckinghamshire MK12 6HT

Trustees

Ms R Heredia Managing Director Ms J Bohn Company Secretary L Sutton

Company Secretary

Ms J Bohn

Independent Examiner

Declan Connolly FCCA For and on behalf of Connolly Accountants & Business Advisors Ltd Chartered Certified Accountants The Stable Yard Vicarage Road Stony Stratford Milton Keynes Buckinghamshire MK11 1BN

TRUSTEES' RESPONSIBILITY STATEMENT

The trustees (who are also the directors of M.K. Multiple Sclerosis Therapy Group Limited for the purposes of company law) are responsible for preparing the Report of the Trustees 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 which give a true and fair view of the state of affairs of the charitable company and of the incoming resources and application of resources, including the income and expenditure, of the charitable company for that period. In preparing those financial statements, the trustees are required to

select suitable accounting policies and then apply them consistently;
observe the methods and principles in the Charity SORP;
make judgements and estimates that are reasonable and prudent;
prepare the financial statements on the going concern basis unless it is inappropriate to presume that the charitable company will continue in business.

M.K. Multiple Sclerosis Therapy Group Limited

Report of the Trustees FOR THE YEAR ENDED 31 MARCH 2022

TRUSTEES' RESPONSIBILITY STATEMENT - continued

The trustees are responsible for keeping proper accounting records which disclose with reasonable accuracy at any time the financial position of the charitable company and to enable them to ensure that the financial statements comply with the Companies Act 2006. They are also responsible for safeguarding the assets of the charitable company and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities.

The trustees are responsible for the maintenance and integrity of the corporate and financial information included on the charitable company's website. Legislation in the United Kingdom governing the preparation and dissemination of financial statements may differ from legislation in other jurisdictions.

This report has been prepared in accordance with the special provisions of Part 15 of the Companies Act 2006 relating to small companies.

Approved by order of the board of trustees on 13 September 2022 and signed on its behalf by:

Ms R Heredia - Trustee

Independent Examiner's Report to the Trustees of M.K. Multiple Sclerosis Therapy Group Limited

Independent examiner's report to the trustees of M.K. Multiple Sclerosis Therapy Group Limited ('the Company')

I report to the charity trustees on my examination of the accounts of the Company for the year ended 31 March 2022.

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:

accounting records were not kept in respect of the Company as required by section 386 of the 2006 Act; or
the accounts do not accord with those records; or
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
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.

13 September 2022

M.K. Multiple Sclerosis Therapy Group Limited

Statement of Financial Activities FOR THE YEAR ENDED 31 MARCH 2022

Unrestricted Restricted funds fund Notes £ £ INCOME AND ENDOWMENTS FROM Donations and legacies 34,089 - Other trading activities 2 118 - Investment income 3 63 - Other income - 10,000 Total 34,270 10,000 EXPENDITURE ON Raising funds 4 26,253 - Charitable activities Fundraising 13,525 - Other 143 - Total 39,921 - NET INCOME/(EXPENDITURE) (5,651) 10,000 RECONCILIATION OF FUNDS Total funds brought forward 87,316 - TOTAL FUNDS CARRIED FORWARD 81,665 10,000	2022 Total funds £ 34,089 118 63 10,000 44,270 26,253 13,525 143 39,921 4,349 87,316 91,665	2021 Total funds £ 12,941 269 81 39,200
		52,491
		17,300 5,404 417
		23,121
		29,370 57,946
		87,316

The notes form part of these financial statements

M.K. Multiple Sclerosis Therapy Group Limited

Balance Sheet 31 MARCH 2022

Unrestricted Restricted funds fund Notes £ £ FIXED ASSETS Tangible assets 9 358 - CURRENT ASSETS Debtors 10 - - Cash at bank and in hand 82,195 10,675 82,195 10,675 CREDITORS Amounts falling due within one year 11 (888) (675) NET CURRENT ASSETS 81,307 10,000 TOTAL ASSETS LESS CURRENT LIABILITIES 81,665 10,000 NET ASSETS 81,665 10,000 FUNDS 13 Unrestricted funds: General fund Restricted funds: General Fund Restricted TOTAL FUNDS	2022 Total funds £ 358 - 92,870 92,870 (1,563) 91,307 91,665 91,665 81,665 10,000 91,665	2021 Total funds £ - 2,938 85,073 88,011 (695) 87,316 87,316 87,316 87,316 - 87,316

The charitable company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2022.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2022 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.

The notes form part of these financial statements

continued...

M.K. Multiple Sclerosis Therapy Group Limited

Balance Sheet - continued 31 MARCH 2022

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 13 September 2022 and were signed on its behalf by:

R Heredia - Trustee

J Bohn - Trustee

The notes form part of these financial statements

M.K. Multiple Sclerosis Therapy Group Limited

Notes to the Financial Statements FOR THE YEAR ENDED 31 MARCH 2022

1. 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.

Going concern

The trustees have considered the impact of COVID-19 in relation to their assessment of going concern of the charity. In their opinion, they have taken all reasonable steps to mitigate these factors.

As at the point of authorising the accounts, and for the foreseeable future, the trustees have determined that there is no material uncertainty that casts doubt on the entity's ability to continue as a going concern. Therefore, they consider the going concern assumption to still be appropriate.

The trustees acknowledge that given the currently rapidly changing business and social environment, there are likely to be significant unknown factors which may present themselves. Such factors are considered by the directors to represent a general inherent level of risk in relation to the going concern assumption albeit not quantifiable at this time.

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.

Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Plant and machinery - 25% on cost Fixtures and fittings - 3 years Computer equipment - 3 years

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.

continued...

M.K. Multiple Sclerosis Therapy Group Limited

Notes to the Financial Statements - continued FOR THE YEAR ENDED 31 MARCH 2022

1. ACCOUNTING POLICIES - continued

Hire purchase and leasing commitments

Rentals paid under operating leases are charged to the Statement of Financial Activities on a straight line basis over the period of the lease.

Government grants

Grant income is recognised in accordance with the Charities SORP paragraph 5.8, with grant income being recognised when there is evidence of entitlement to the gift, receipt is probable and its amount can be measured reliably.

2. OTHER TRADING ACTIVITIES

Shop sales income 3. INVESTMENT INCOME Deposit account interest 4. RAISING FUNDS Raising donations and legacies Rent Rates and water Insurance Light and heat Telephone Postage and stationery HBO costs Support costs	2022 £ 118 2022 £ 63 2022 £ 5,247 122 2,325 2,836 1,281 88 5,622 7,048 24,569	2021 £ 269 2021 £ 81 2021 £ 5,759 468 1,690 1,553 975 379 2,393 344
		13,561

continued...

M.K. Multiple Sclerosis Therapy Group Limited

Notes to the Financial Statements - continued FOR THE YEAR ENDED 31 MARCH 2022

5. NET INCOME/(EXPENDITURE)

Net income/(expenditure) is stated after charging/(crediting):

	2022	2021
	£	£
Depreciation - owned assets	176	-
Rent	5,247	5,759
Deficit on disposal of fixed assets	-	111

6. TRUSTEES' REMUNERATION AND BENEFITS

There were no trustees' remuneration or other benefits for the year ended 31 March 2022 nor for the year ended 31 March 2021.

Trustees' expenses

There were no trustees' expenses paid for the year ended 31 March 2022 nor for the year ended 31 March 2021.

7. STAFF COSTS

The average monthly number of employees during the year was as follows:

Trustees No employees received emoluments in excess of £60,000. COMPARATIVES FOR THE STATEMENT OF FINANCIAL ACTIVITIES Unrestricted funds £ INCOME AND ENDOWMENTS FROM Donations and legacies 12,941 Other trading activities 269 Investment income 81 Other income 39,200 Total 52,491 EXPENDITURE ON Raising funds 17,300 Charitable activities Fundraising 5,404 Other 417 Total 23,121	2022 3 Restricted fund £ - - - - - - - - -	2021 3 Total funds £ 12,941 269 81 39,200 52,491 17,300 5,404 417 23,121	2021 3 Total funds £ 12,941 269 81 39,200 52,491 17,300 5,404 417 23,121

			52,491
			17,300 5,404 417
			23,121

8. COMPARATIVES FOR THE STATEMENT OF FINANCIAL ACTIVITIES

continued...

M.K. Multiple Sclerosis Therapy Group Limited

Notes to the Financial Statements - continued FOR THE YEAR ENDED 31 MARCH 2022

8. COMPARATIVES FOR THE STATEMENT OF FINANCIAL ACTIVITIES - continued

				Unrestricted	Restricted	Total
				funds	fund	funds
				£	£	£
	NET INCOME			29,370	-	29,370
	RECONCILIATION OF FUNDS
	Total funds brought forward			57,946	-	57,946
	TOTAL FUNDS CARRIED FORWARD			87,316	-	87,316
9.	TANGIBLE FIXED ASSETS
				Fixtures
		Freehold	Plant and	and	Computer
		property	machinery	fittings	equipment	Totals
		£	£	£	£	£
	COST
	At 1 April 2021	31,770	47,683	24,808	2,260	106,521
	Additions	-	-	287	247	534
	At 31 March 2022	31,770	47,683	25,095	2,507	107,055
	DEPRECIATION
	At 1 April 2021	31,770	47,683	24,808	2,260	106,521
	Charge for year	-	-	94	82	176
	At 31 March 2022	31,770	47,683	24,902	2,342	106,697
	NET BOOK VALUE
	At 31 March 2022	-	-	193	165	358
	At 31 March 2021	-	-	-	-	-

continued...

M.K. Multiple Sclerosis Therapy Group Limited

Notes to the Financial Statements - continued FOR THE YEAR ENDED 31 MARCH 2022

10. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR Prepayments 11. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR Accrued expenses Deferred government grants 12. LEASING AGREEMENTS	2022 £ - 2022 £ 888 675 1,563	2021 £ 2,938
		2021 £ 695 -
		695

Minimum lease payments under non-cancellable operating leases fall due as follows:

			2022	2021
			£	£
	Within one year		5,247	5,247
	Between one and five years		10,494	15,741
			15,741	20,988
13.	MOVEMENT IN FUNDS
			Net
			movement	At
		At 1.4.21	in funds	31.3.22
		£	£	£
	Unrestricted funds
	General fund	87,316	(5,651)	81,665
	Restricted funds
	General Fund Restricted	-	10,000	10,000
	TOTAL FUNDS	87,316	4,349	91,665

continued...

M.K. Multiple Sclerosis Therapy Group Limited

Notes to the Financial Statements - continued FOR THE YEAR ENDED 31 MARCH 2022

13. MOVEMENT IN FUNDS - continued

Net movement in funds, included in the above are as follows:

	Incoming	Resources	Movement
	resources	expended	in funds
	£	£	£
Unrestricted funds
General fund	34,270	(39,921)	(5,651)
Restricted funds
General Fund Restricted	10,000	-	10,000
TOTAL FUNDS	44,270	(39,921)	4,349
Comparatives for movement in funds
		Net
		movement	At
	At 1.4.20	in funds	31.3.21
	£	£	£
Unrestricted funds
General fund	57,946	29,370	87,316
TOTAL FUNDS	57,946	29,370	87,316
Comparative net movement in funds, included in the above are as follows:
	Incoming	Resources	Movement
	resources	expended	in funds
	£	£	£
Unrestricted funds
General fund	52,491	(23,121)	29,370
TOTAL FUNDS	52,491	(23,121)	29,370

continued...

M.K. Multiple Sclerosis Therapy Group Limited

Notes to the Financial Statements - continued FOR THE YEAR ENDED 31 MARCH 2022

13. MOVEMENT IN FUNDS - continued

A current year 12 months and prior year 12 months combined position is as follows:

		Net
		movement	At
	At 1.4.20	in funds	31.3.22
	£	£	£
Unrestricted funds
General fund	57,946	23,719	81,665
Restricted funds
General Fund Restricted	-	10,000	10,000
TOTAL FUNDS	57,946	33,719	91,665

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	86,761	(63,042)	23,719
Restricted funds
General Fund Restricted	10,000	-	10,000
TOTAL FUNDS	96,761	(63,042)	33,719

There is £10,675 held in a restricted fund account, £10,000 is for setting up a new EFT clinic and £675 is for a new ultrasound unit which was acquired post year end.

14. RELATED PARTY DISCLOSURES

There were no related party transactions for the year ended 31 March 2022.

M.K. Multiple Sclerosis Therapy Group Limited

Detailed Statement of Financial Activities FOR THE YEAR ENDED 31 MARCH 2022

	2022	2021
	£	£
INCOME AND ENDOWMENTS
Donations and legacies
Donations general	2,309	2,826
Operating income	29,352	8,106
Fund raising	611	524
Other income	1,732	1,485
Great weather lottery	85	-
	34,089	12,941
Other trading activities
Shop sales income	118	269
Investment income
Deposit account interest	63	81
Other income
Community foundation	10,000	29,200
COVID-19 grant	-	10,000
	10,000	39,200
Total incoming resources	44,270	52,491
EXPENDITURE
Raising donations and legacies
Rent	5,247	5,759
Rates and water	122	468
Insurance	2,325	1,690
Light and heat	2,836	1,553
Telephone	1,281	975
Postage and stationery	88	379
HBO costs	5,622	2,393
	17,521	13,217
Other trading activities
Purchases	216	733
Cleaning	1,468	1,136
	1,684	1,869

This page does not form part of the statutory financial statements

M.K. Multiple Sclerosis Therapy Group Limited

Detailed Statement of Financial Activities FOR THE YEAR ENDED 31 MARCH 2022

FOR THE YEAR ENDED	31 MARCH 2022
	2022	2021
	£	£
Other trading activities
Charitable activities
Therapist costs	13,525	3,860
CRB checks	-	140
	13,525	4,000
Other
Gifts	98	267
IT costs	45	150
	143	417
Support costs
Management
Maintenance	1,609	942
Office manager	4,400	1,870
Fixtures and fittings	95	-
Computer equipment	82	-
Loss on sale of tangible fixed assets	-	111
	6,186	2,923
Finance
Bank charges	127	-
Governance costs
Accountancy and legal fees	735	695
Total resources expended	39,921	23,121
Net income	4,349	29,370

This page does not form part of the statutory financial statements