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← Hyde Physiotherapy Centre

2025-03-31-accounts

HYDE PHYSIOTHERAPY CENTRE (A company limited by guarantee)

TRUSTEES ANNUAL REPORT AND FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MARCH 2025

Company Registration No. 2747246 Registered Charity No 1075196

HYDE PHYSIOTHERAPY CENTRE

FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2025

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 2025

Trustees P Joyce L Gutteridge P McKeown R Munshi (appointed 25[th] March 2025) 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 Virgin Money Charity Number 1075196

TRUSTEES’ REPORT FOR THE YEAR ENDED 31 MARCH 2025

HYDE PHYSIOTHERAPY CENTRE

The trustees present their report and financial statements for the year ended 31[st] March 2025.

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 2025

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 2025

HYDE PHYSIOTHERAPY CENTRE

ACHIEVEMENTS AND PERFORMANCE

The last 12 months has seen Hyde Physiotherapy Clinic continue to provide a high level of musculoskeletal physiotherapy and rehabilitation to the surrounding areas of Tameside and Glossop. The high demand for physiotherapy and pain management within the Tameside and Glossop boundaries has caused an ever increasing waiting list which has seen the employment of anther physiotherapist to combat waiting times, taking the number of clinicians up to 7.

Moving forward the team has been looking at plans to develop the use of the gym space and progress the highly specialised pain management and pilates service the clinic currently provides. Plans are in place to further extend the current gym space and build a purpose built studio to host the persistent pain group and pilates exercise programme. Once again, this is a progression of the clinic to manage waiting times and maintain contractual obligations with the Manchester ICB.

The Trustees and management at Hyde Physio are currently investigating further and future revenue streams due to a recent decrease in funding from the Manchester ICB, as is the pressure on many NHS bodies to reduce spending, Hyde Physio has had to manage budget cuts to maintain its service to the surrounding valued community.

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HYDE PHYSIOTHERAPY CENTRE

TRUSTEES’ REPORT (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2025

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 loss for the year was £50,739 (2024 – £2,992 surplus)

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 2024:

P Joyce L Gutteridge P Banks R Munshi (appointed 25[th] March 2025)

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 2025 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 2025

Notes
Income Resources
Incoming Resources from
Generated Funds
Investment Income
Incoming Resources from
Charitable Activities
Grants / Donations
Total Incoming Resources
Resources Expended
Charitable Activities:
Centre costs
6
Support Costs:
Governance
6
Total Resources Expended
Net Incoming
Resources
Balances brought forward at
1 April 2024
Balances carried forward at
31 March 2025		 Designated
& Restricted
Funds
Total Funds
2025
Total
Funds
2024
£
£
£
6,255
6,255
5,801
760,169
760,169
729,091
766,424
766,424
734.892
807,297
807,297
722,647
9,866
9,866
9,253
817,163
817,163
731,900
(50,739)
(50,739)
2,992
751,023
751,023
748,031
700,284
700,284
751,023		 Designated
& Restricted
Funds
Total Funds
2025
Total
Funds
2024
£
£
£
6,255
6,255
5,801
760,169
760,169
729,091
766,424
766,424
734.892
807,297
807,297
722,647
9,866
9,866
9,253
817,163
817,163
731,900
(50,739)
(50,739)
2,992
751,023
751,023
748,031
700,284
700,284
751,023

734.892
722,647
9,253
731,900

2,992
748,031

751,023

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 2025

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		 £

123,847
417,885
541,732
(35,402)




 2025
£
193,954

506,330
700,284

700,284
700,284		 2024
£
£
178,222
53,173
525,592
605,765
(32,964)
572,801
751,023

751,023
751,023

For the financial year ended 31[st] March 2025 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 2025

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)

2025 2024

£ £

Operating profit is stated after charging: Depreciation of tangible assets (net of loss on asset disposals) 16,207 14,401

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HYDE PHYSIOTHERAPY CENTRE

NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2025

3. Tangible fixed assets

Alterations to
Rental Premises
£
Cost:
At 1 April 2024
302,889
Additions 22,188
At 31 March 2025
325,077
Depreciation:
At 1 April 2024
148,124
Charge for year
11,226
_____
At 31 March 2025
159,350
Net book value:
At 31 March 2025
165,727
At 31 March 2024
154,765		 Plant and
machinery etc.
£
148,547
9,751
158,298
125,090
4,981
_____
130,071
28,227
23,457
 Total

£
451,436
31,939
483,375
273,214
16,207

289,421
193,954
178,222

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		 2025
£
123,847
123,847
2025
£
35,402		 2024
£
53,173
53,173
2024
£
32,964

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HYDE PHYSIOTHERAPY CENTRE

NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2025

6. Total Resources Expended

Centre Costs


Salaries and wages

Employers NI contributions
Staff pension costs
Staff Training
Subcontract Labour
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
Bank Charges
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
 2025
£
512,184
53,713
56,490
4,356
33,836
21,000
8,095
4,091
9,585
17,543
14,819
936
8,446
20,638
2,858
1,488
6,561
28
1,224
5,553
1,639
16,207
-
6,007
______
807,297
2025
6,660
938
318
1,950
9,866		 2024
£
481,477
48,806
51,358
2,247
21,000
6,568
4,524
9,884
12,623
11,955
1,306
4,520
20,280
3,069
1,458
12,093
-
426
4,090
1,347
14,401
-
4,215
______
722,647
2024
6,550
502
341
1,860
9,253







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HYDE PHYSIOTHERAPY CENTRE

NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2025

7. Statement of movements on profit and loss account

Balance at 1 April 2024
(Loss)/Profit for the year
Balance at 31 March 2025
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
£
£
751,023 748,031
(50,739) 2,992
700,284 751,023
2025
2024
£
£
(50,739) 2,992
751,023 748,031
700,284 751,023
11
12
2025
2024
£
£
518,844 488,028
53,713 48,806
56,490 51,358
629,047 588,192

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 (2024 – 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 (2024 – Nil).

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HYDE PHYSIOTHERAPY CENTRE

NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2025

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 £56,490 (2024: £51,358).

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HYDE PHYSIOTHERAPY CENTRE

MANAGEMENT INFORMATION

FOR THE YEAR ENDED 31 MARCH 2025

HYDE PHYSIOTHERAPY CENTRE

DETAILED TRADING AND PROFIT AND LOSS ACCOUNT

FOR THE YEAR ENDED 31 MARCH 2025

Turnover
Turnover
Administrative expenses
(
Operating (loss)/profit
Add: Investment Income
Total operation (loss)/profit		 2025
£
760,169
817,163)
(56,994)
6,255
(50,739)		 2024
£
738,091
(731,900)
6,191
5,801
11,992

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HYDE PHYSIOTHERAPY CENTRE

SCHEDULE OF ADMINISTRATIVE EXPENSES

FOR THE YEAR ENDED 31 MARCH 2025



Administrative expenses
Wages and salaries
Employer’s N.I. contributions
Staff pension costs
Staff training
Subcontract Labour
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
Bank Charges
Loss on disposal
Canteen and Refreshments
Sundry expenses
Depreciation
Subscription and Licences
 2025
£
518,844
53,713
56,490
4,356
33,836
21,000
8,095
4,091
9,585
17,543
14,819
9,384
936


20,638
3,176
1,488
8,511
1,224
28
-
5,553
1,639
16,207
6,007
817,163
 2024
£
488,028
48,806
51,358
2,248
-
21,000
6,568
4,524
9,884
12,623
11,955
5,023
1,306
20,280
3,410
1,458
18,953
426
-
-
4,090
1,344
14,401
4,215
731,900

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