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2023-03-31-accounts

HYDE PHYSIOTHERAPY CENTRE (A company limited by guarantee)

TRUSTEES ANNUAL REPORT AND FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MARCH 2023

Company Registration No. 2747246 Registered Charity No 1075196

HYDE PHYSIOTHERAPY CENTRE

FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2023

Contents Pages
Legal and administrative information 1
Trustees’ report 2 to 5
Independent examiner’s report 6
Statement of financial activities 7
Balance sheet 8
Notes to the financial statements 9 to 13
The following pages do not form part of the statutory financial statements
Detailed profit and loss statement 14 to 15

HYDE PHYSIOTHERAPY CENTRE

LEGAL AND ADMINISTRATIVE INFORMATION AS AT 31 MARCH 2023

Trustees P Joyce
L Gutteridge
P McKeown
C Harrison
Company Number 2747246
Registered Office Parsonage Street
Hyde
Cheshire
SK14 1DP
Accountants Scott Roberts Taylor & Co
Central Buildings
5/7 Corporation Street
Hyde
Cheshire
SK14 1AG
Bankers Yorkshire Bank plc
26 Market Avenue
Ashton-under-Lyne
Lancashire
OL6 6AN
Charity Number 1075196

TRUSTEES’ REPORT FOR THE YEAR ENDED 31 MARCH 2023

HYDE PHYSIOTHERAPY CENTRE

The trustees present their report and financial statements for the year ended 31[st] March 2023.

NAME AND NATURE OF ASSOCIATION

The name of the Association is HYDE PHYSIOTHERAPY CENTRE (The Charity)

The Charity is an incorporated company limited by guarantee.

The Charity’s registration number is 1075196 and company number is 2747246.

OBJECTIVES AND ACTIVITIES

The Charity’s objects are:-

In furtherance of the objects, but not further or otherwise, the Association shall have the following powers:-

There have been no changes to the activities of the Association in the year under review.

STRUCTURE, GOVERNANCE AND MANAGEMENT

Governing Document

The governing instrument is the said Memorandum and Articles of Association of Hyde Physiotherapy Centre Limited incorporated on 14[th] September 1992.

Restrictions Imposed by the Constitution

The income and the property of the Company whensoever derived shall be applied solely towards the promotion of the objects of the Company as set forth in the Memorandum of Association and no member shall have any personal claim on any property of the Company and no portion thereof shall be paid, transferred or distributed directly or indirectly by way of dividend, bonus or otherwise howsoever by way of profit to members of the Company provided always that nothing herein shall prevent the payment in good faith by the Company of a reasonable and proper remuneration to any officer or servant of the Company or to any member of the Company in return for any services actually rendered to the Company or interest on money lent or reasonable and proper rent for premises demised or let by any member of the Company.

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TRUSTEES’ REPORT FOR THE YEAR ENDED 31 MARCH 2023

HYDE PHYSIOTHERAPY CENTRE

Specific Investment Powers

The Charities investment powers are as set out in the Memorandum and Articles of Associates. The powers are to invest the monies of the Company not immediately required for its purpose in or upon such investments securities or property as may be thought fit subject nevertheless to such conditions (if any) that may for the time being be imposed or required by law.

Organisational Structure

The Trustees have a broad, strategic overview of the operation of the Centre and ultimate responsibility for the operation. Trustees quality manages the clinical aspects of the centre operation by referral and feedback from their own patients. There is a Superintendent Physiotherapist who manages the clinicians at the Centre who report directly to the trustees on all matters.

Recruitment/Appointment of Trustees

The continuing trustees have held office for several years and are now actively seeking to recruit further trustees.

Risk Review

Clinical risks – Peer Review, clinical supervision and Superintendent overview are all actively practiced at the Centre in order to risk manage patient care.

Estates/Day to Day operation of risks – Risk assessments are conducted and reviewed regularly in all aspects. Any possible risks are brought to the attention of the Trustees and dealt with on an on-going basis. A Health and Safety and Welfare officer has been trained and appointed to oversee these procedures.

Financial risks – A stringent fraud prevention policy is in place and adhered to and monitored by the Superintendent Physiotherapist and the Secretary to the Trustees.

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TRUSTEES’ REPORT FOR THE YEAR ENDED 31 MARCH 2023

HYDE PHYSIOTHERAPY CENTRE

ACHIVEMENTS AND PERFORMANCE

Over the last 12 months Hyde Physiotherapy has had a relatively quiet year, as ever one of our main priorities has been to reduce our waiting times as much as possible. We have been working hard to reduce our DNA (Did Not Attend) rate to further maximise the efficiency of our daily diaries, allowing more patients to be seen on a day-to-day basis.

Our contract with the Tameside CCG has allowed us to continue to provide a high level of Orthopaedic care within Hyde and the surrounding areas. However, within the next 18 months the Tameside CCG will cease to exist, and our contract will be provided by the new Greater Manchester Integrated Care Partnership. We have already begun the transition to make sure our clinic will be ready to perform to its best standards when the changeover happens.

Without much disruption we hope this will allow Hyde Physio to continue to practice for the population of Hyde provide vital funds for our charity.

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HYDE PHYSIOTHERAPY CENTRE

TRUSTEES’ REPORT (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2023

FINANCIAL REVIEW

The accounts for the year have been prepared in accordance with the Statement of Recommended Practice – Accounting and Reporting by Charities and comply with all statutory requirements and the charity’s governing document. The company is defined as small in size and so we have adopted FRS 102 when preparing the accounts.

The net surplus for the year was £223,993 (2022 – (£13,678))

Reserves Policy

Generally, any surplus is available to be reinvested in premises and equipment. However, the charity aims to keep a contingency reserve of £200,000 to cover three months operating costs.

TRUSTEES

The following directors have held office since 1 April 2022:

P Joyce L Gutteridge P Banks C Harrison

TRUSTEES RESPONSIBILITIES

The Trustees are responsible for the keeping of accounting records and the preparation of financial statements which give a true and fair view of the state of affairs of the charity as at the end of the financial year end of the surplus or deficit of the charity for that period. The Charities Act 2011 requires the Charity to ensure that the accounting records disclose with reasonable accuracy the financial position of the Charity. In doing so the Trustees are required to select appropriate accounting policies and apply them consistently, making judgements and estimates that are reasonable and prudent and to prepare the financial statements on a going concern basis unless it is inappropriate to presume that the company will continue in business.

The Trustees are responsible for maintaining proper accounting records which disclose with reasonable accuracy at any time the financial position of the centre 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 charity and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities.

On behalf of the Trustees.

…………………………..

P Joyce Trustee

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HYDE PHYSIOTHERAPY CENTRE

INDEPENDENT EXAMINER’S REPORT TO THE TRUSTEES’ OF HYDE PHYSIOTHERAPY CENTRE

We report on the accounts of the company for the year ended 31[st] March 2023 which are set out on pages 7 to 15.

RESPECTIVE RESPONSIBILITIES OF THE TRUSTEES AND EXAMINER

The trustees (who are also the directors of the company for the purposes of company law) are responsible for the preparation of the accounts. The trustees consider that an audit is not required for this year under section 144 of the Charities Act 2011 and that an independent examination is needed.

It is my responsibility to:

BASIS OF INDEPENDENT EXAMINER’S STATEMENT

My examination was carried out in accordance with general Directions given by the Charity Commission. An examination includes a review of the accounting records kept by the company and a comparison of the accounts presented with those records. It also includes consideration of any unusual items or disclosures in the accounts, and seeking explanations from the trustees concerning any such matters. The procedures undertaken do not provide all the evidence that would be required in an audit and consequently no opinion is given as to whether the accounts present a ‘true and fair’ view and the report is limited to those matters set out in the statement below.

INDEPENDENT EXAMINER’S STATMENT

In connection with our examination, no matter has come to our attention:

have not been met or

.....................................

Adrian Paul Brooks F.C.C.A. Chartered Certified Accountant Scott Roberts Taylor & Co Accountants Registered Auditors Central Buildings 5/7 Corporation Street Hyde Cheshire SK14 1AG

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HYDE PHYSIOTHERAPY CENTRE

STATEMENT OF FINANCIAL ACTIVITIES FOR THE YEAR ENDED 31 MARCH 2023

Designated Total Funds Total
& Restricted 2023 Funds
Funds 2022
Notes £ £ £
Income Resources
Incoming Resources from
Generated Funds
Investment Income 2,283 2,283 178
Incoming Resources from
Charitable Activities
Grants / Donations 877,190 877,190 587,327
Furlough Grants - - -
Total Incoming Resources 879,473 879,473 587.505
Resources Expended
Charitable Activities:
Centre costs 6 646,461 646,461 564,994
Support Costs:
Governance 6 9,019 9,019 8,833
Total Resources Expended 655,480 655,480 573,827
Net Incoming
Resources 223,993 223,993 13,678
Balances brought forward at
1 April 2022 524,038 524,038 510,360
Balances carried forward at
31 March 2023 748,031 748,031 524,038

The notes on pages 8 to 14 form part of these financial statements.

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HYDE PHYSIOTHERAPY CENTRE

BALANCE SHEET AS AT 31 MARCH 2023

Notes
Fixed assets
Tangible assets
3
Current assets
Debtors
4
Cash at bank and in hand

Creditors: amounts falling
due within one year
5
Net current assets

Total assets less current liabilities

Capital and reserves
Profit and loss account
7
Guarantors funds
8		 £

69,497
518,169
587,666
(30,971)
556,695



 2023
£
191,336

748,031

748,031
748,031		 2022
£
£
203,860
74,870
327,364
402,234
(82,056)
320,178
524,038

524,038
524,038
402,234
(82,056)
320,178


For the financial year ended 31[st] March 2023 the company was entitled to exemption from audit under section 477 Companies Act 2006. No member of the company has deposited a notice, pursuant to section 476, requiring an audit of these financial statements under the requirements of the Companies Act 2006.

The directors acknowledge their responsibilities for ensuring that the company keeps accounting records which comply with section 386 of the Act and for preparing financial statements which give a true and fair view of the state of affairs of the company as at the end of the financial year and of its profit or loss for the financial year in accordance with the requirements of the Companies Act 2006 relating to accounts, so far as applicable to the company.

These financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies regime within Part 15 of the Companies Act 2006 and the Statement of Recommended Practice “Accounting and Reporting by Charities” in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102).

Approved by the Board for issue on

............................................... …………………………….. Dr P Joyce Dr L Gutteridge Director Director

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HYDE PHYSIOTHERAPY CENTRE

NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2023

1. Accounting policies

1.1 Accounting convention

The financial statements have been prepared using the historical cost convention with items recognised at cost or transaction value unless otherwise stated in the note(s) to these accounts.

The accounts have been prepared in accordance with the Statement of Recommended Practice “Accounting and Reporting by Charities” in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) issued on 16 July 2014 and with the Charities Act 2011.

The charity constitutes a public benefit entity as defined by FRS 102.

Irrecoverable VAT is charged to the SOFA as incurred.

1.2 Compliance with accounting standard

The financial statements have been prepared on the basis of historical costs and do not take into account changing money values or current valuations of non-current assets. Cost in based on the fair values of the consideration given in exchange for assets. The accounting policies have been consistently applied, unless otherwise stated.

The following is a summary of the significant accounting policies adopted by the Association in the preparation of the financial statements.

1.3 Turnover

Turnover represents the total grant income for the value of services rendered during the year.

1.4 Tangible fixed assets and depreciation

Tangible fixed assets are stated at cost less depreciation. Depreciation is provided at rates calculated to write off the cost less estimated residual value of each asset over its expected useful life, as follows:-

Alterations to rented premises Over the term of the lease Office furniture and fittings 15% reducing balance

2. Operating profit/(loss)

2023 2022

£ £

Operating profit is stated after charging: Depreciation of tangible assets (net of loss on asset disposals) 15,010 15,459

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HYDE PHYSIOTHERAPY CENTRE

NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2023

3. Tangible fixed assets

Alterations to
Rental Premises
£
Cost:
At 1 April 2022
302,101
Additions
Less: Disposals
At 31 March 2023
302,101
Depreciation:
At 1 April 2022
127,636
Charge for year
10,227
Less: Depreciation eliminated on disposal
_____
At 31 March 2023
137,863
Net book value:
At 31 March 2023
164,238
At 31 March 2022
174,465		 Plant and
machinery etc.
£
152,406
3,865
(8,223)
148,048
123,012
4,783
(6,845)
_____
120,950
27,098
29,395		 Total

£
454,507
3,865
(8,223)
450,149
250,648
15,010
(6,845)

258,813
191,336
203,860

A major project was undertaken during the year to 31[st] March 2016 to build a gymnasium and significantly renovate the rented premises. These costs should be written off over the remaining period of the lease. The lease expired in 2019. However a new twenty year lease is currently being negotiated to run until 2038.

It is felt that the new lease will be completed and signed in the near future and that it would be more appropriate for the costs incurred to be depreciated over the remaining period of the lease renewal under discussion.

4. Debtors

Other debtors

5. Creditors: amounts falling due within one year
Other creditors		 2023
£
69,497
69,497
2023
£
30,971		 2022
£
74,870
74,870
2022
£
82,056

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HYDE PHYSIOTHERAPY CENTRE

NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2023

6. Total Resources Expended

Centre Costs


Salaries and wages
Employers NI contributions
Staff pension costs
Staff Training
Rent
Rates
Insurance
Light and heat
Repairs and maintenance

Medical Supplies, laundry and cleaning
Waste disposal
Printing, postage and stationery
Computer running costs
Telephone
Payroll Calculation Costs
Legal and Professional Fees
Work-wear
Canteen and refreshments
Sundry expenses
Depreciation (including loss on disposals)
Loss on disposals
Subscription & Licence

Support Costs
Wages & Salaries
Printing, Postage & Stationery
Telephone

Independent Examiners Fees
 2023
£
442,398
45,376
47,436
2,739
12,050
5,914
9,494
6,658
12,611
11,028
628
4,330
13,569
2,322
1,140
2,059
753
2,683
3,178
15,010
1,378
3,707
______
646,461
2023
6,300
481
258
1,980
9,019		 2022
£
391,433
38,111
42,666
818
-
5,164
8,452
7,347
16,777
5,438
-
4,556
14,338
2,048
1,080
1,534
1,114
3,396
1,758
15,459
-
3,505
______
564,994
2022
6,180
506
227
1,920
8,833







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HYDE PHYSIOTHERAPY CENTRE

NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2023

7. Statement of movements on profit and loss account

Balance at 1 April 2022
(Loss)/Profit for the year
Balance at 31 March 2023
8. Reconciliation of movements in Guarantors’ funds
(Loss)/Profit for the financial year
Opening Guarantors’ funds
Closing Guarantors’ funds
9. Employees
Number of employees
The average monthly number of employees during the year was:
Number of employees.
Employment costs
Wages and salaries
Social security costs
Other pension costs
 Profit and
Loss
Account
£
£
524,038 510,360
223,993 13,678
748,031 524,038
2023
2022
£
£
223,993 13,678
524,038 510,360
748,031 524,038
12
12
2023
2022
£
£
448,698 397,613
45,376 38,111
47,436 42,666
541,510 478,390

10. Trustees Remuneration and related party transactions

No member of the Board of Trustees received any remuneration during the year. In addition, there was no reimbursement of expenditure (2022 – Nil). No trustee or other person related to the charity had any personal interest in any contract or transaction entered by the charity during the year (2022 – Nil).

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HYDE PHYSIOTHERAPY CENTRE

NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2023

11. Employee Retirement Benefits

The charity operates a pension scheme for staff (‘Hyde Physiotherapy Centre Limited’). Due to the nature of the scheme, there are no separately identifiable assets or liabilities which can be identified as relating to the charity. Therefore the scheme has been accounted for as a defined contribution scheme.

The amount of contributions recognised in the statement of financial activities as an expense is £47,436 (2022: £42,666).

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HYDE PHYSIOTHERAPY CENTRE MANAGEMENT INFOR&L4TION FOR THE YEAR ENDED 31 MARCH 2023

HYDE PHYSIOTHERAPY CENTRE

DETAILED TRADING AND PROFIT AND LOSS ACCOUNT

FOR THE YEAR ENDED 31 MARCH 2023

Turnover
Turnover
Administrative expenses

Operating (loss)/profit
Add: Investment Income
Total operation (loss)/profit		 2023
£
885,345
(655,480)
229,865
2,283
232,148		 2022
£
587,327
(573,826)
13,501
178
13,679

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HYDE PHYSIOTHERAPY CENTRE

SCHEDULE OF ADMINISTRATIVE EXPENSES

FOR THE YEAR ENDED 31 MARCH 2023



Administrative expenses
Wages and salaries
Employer’s N.I. contributions
Staff pension costs
Staff training
Rent
Rates
Insurance
Light and heat
Repairs and maintenance
Medical supplies and laundry
Printing, postage and stationery
Waste disposal

Computer running costs
Telephone
Payroll Calculation Costs
Professional Fees
Uniforms
Loss on disposal
Canteen and Refreshments
Sundry expenses
Depreciation
Subscription and Licences
 2023
£

426,117
67,958
47,436
2,739
12,050
5,914
9,494
6,658
12,611
11,028
4,811
628


13,569
2,580
1,140
4,039
753
1,378
2,683
3,177
15,010
3,707
655,480
 2022
£
377,175
58,549
42,666
818
-
5,164
8,452
7,347
16,777
5,438
5,062
-
14,338
2,275
1,080
3,454
1,114
-
3,396
1,757
15,459
3,505
573,826

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