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2021-05-31-accounts

Charity Registration No. 1091919

Company Registration No. 04339368 (England and Wales)

OUCH (UK)

ANNUAL REPORT AND UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MAY 2021

OUCH (UK)

LEGAL AND ADMINISTRATIVE INFORMATION

Trustees C Allen
D Chapman
S Bruce
P Goadsby
E Kelly
A Turner
V Hobbs
J Clark
S McDowell
L Duddy (Appointed 20 December
2020)
Secretary D Chapman
Charity number 1091919
Company number 04339368
Registered office Pyramid House
954 High Road
Finchley
London
N12 9RT
Independent examiner Errington Langer Pinner
Pyramid House
954 High Road
Finchley
London
N12 9RT

OUCH (UK)

CONTENTS

Page
Trustees' report 1 - 2
Independent examiner's report 3
Statement of financial activities 4
Balance sheet 5
Notes to the financial statements 6 - 10

OUCH (UK)

TRUSTEES' REPORT (INCLUDING DIRECTORS' REPORT) FOR THE YEAR ENDED 31 MAY 2021

The trustees present their annual report and financial statements for the year ended 31 May 2021.

The accounts have been prepared in accordance with the accounting policies set out in note 1 to the accounts and comply with the Companies Act 2006 and “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)” (as amended for accounting periods commencing from 1 January 2016)

Objectives and activities

The c harity aims to benefit the public by its objects and activities namely by relieving the distress of people suffering from cluster headaches particularly, but not exclusively, by providing support and information for sufferers and their families. This involves the following:

a) l ia i sing with the medical profession to improve diagnosis and treatment;

b) conducting and supporting research into cluster headaches and disseminating the results of such research for the public.

The trustees have paid due regard to guidance issued by T he Charity Commission in deciding what activities the charity should undertake.

Achievements and performance

In summary, total incoming resources for the year amounted to £ 28,478 (20 20 - £ 45,159 ) and total resources expended amounted to £ 22,264 (20 20 - £ 23,970 ) resulting in a net surplus of £ 6,214 (20 20 - £ 21,189 ).

At 31 May 20 21 the general unrestricted fund stood at £ 46,686 (20 20 - £ 40,472 ) and the designated fund stood at £8,000 (20 20 - £8,000).

Financial review

Historically, the trustees established a policy that unrestricted funds which have not been designated for a specific use should be maintained at a level equivalent to between three and six month’s expenditure. The trustees conside red that a reserve at this level would ensure that, in the event of a significant fall in income , the charity will be able to continue current activities while consideration is given to ways in which additional funds may be raised. However, a more flexible approach is now being exercised to reflect the current levels and activities of the charity.

The trustees have considered the major risks to which the charity is exposed and are satisfied that systems are in place to mitigate those risks.

Structure, governance and management

The organisation is a charitable company limited by guarantee and has no share capital. Members liability in the event of winding up is limited to £1 per member. It was incorporated on 13 December 2001 and registered as a charity on 8 May 2002. The company is permitted to omit the word "Limited".

OUCH (UK)

TRUSTEES' REPORT (INCLUDING DIRECTORS' REPORT) (CONTINUED) FOR THE YEAR ENDED 31 MAY 2021

The trustees , who are also the directors for the purpose of company law, and who served during the year were: C Allen

D Chapman S Bruce P Goadsby E Kelly A Turner J Doyle (Resigned 1 June 2021) V Hobbs J Clark S McDowell L Duddy (Appointed 20 December 2020)

None of the trustees ha ve any beneficial interest in the company.

The trustees' r eport was approved by the Board of Trustees.

S Bruce Trustee

10 February 2022

OUCH (UK)

INDEPENDENT EXAMINER'S REPORT TO THE TRUSTEES OF OUCH (UK)

I report to the trustees on my examination of the financial statements of Ouch (UK) (the charity) for the year ended 31 May 2021.

Responsibilities and basis of report

As the trustees of the charity (and also its directors for the purposes of company law) you are responsible for the preparation of the financial statements in accordance with the requirements of the Companies Act 2006 (the 2006 Act).

Having satisfied myself that the financial statements of the charity 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 the charity’s financial statements carried out under section 145 of the Charities Act 2011 (the 2011 Act) . In carrying out my examination I have followed all the applicable 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 that in any material respect:

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 financial statements to be reached.

Errington Langer Pinner

Pyramid House 954 High Road Finchley London N12 9RT

Dated: 10 February 2022

OUCH (UK)

STATEMENT OF FINANCIAL ACTIVITIES INCLUDING INCOME AND EXPENDITURE ACCOUNT FOR THE YEAR ENDED 31 MAY 2021

Unrestricted Unrestricted
funds
funds
general d esignated
2021
2021
Notes
£
£
Income from:
Donations and
subscriptions
28,478
-
Expenditure on:
Charitable activities
3
22,264
-
Net income for the year/
Net movement in funds
6,214
-
Fund balances at 1 June 2020
40,472
8,000
Fund balances at 31 May
2021
46,686
8,000		 Total Unrestricted Unrestricted
funds
funds
general d esignated
2021
2020
2020
£
£
£
28,478
45,159
-
22,264
23,970
-
6,214
21,189
-
48,472
19,283
8,000
54,686
40,472
8,000		 Total
2020
£
45,159
23,970
21,189
27,283
48,472

The statement of financial activities includes all gains and losses recognised in the year.

All income and expenditure derive from continuing activities.

The statement of financial activities also complies with the requirements for an income and expenditure account under the Companies Act 2006.

OUCH (UK)

BALANCE SHEET

AS AT 31 MAY 2021

Notes
Fixed assets
Tangible assets
7
Current assets
Stocks
8
Cash at bank and in hand
Creditors: amounts falling due within
one year
9
Net current assets
Total assets less current liabilities
Income funds
Unrestricted funds - designated
Unrestricted funds - general		 2021
£
300
57,843
58,143
(3,971)		 £
514
54,172
54,686
8,000
46,686
54,686		 2020
£
300
51,374
51,674
(3,972)		 £
770
47,702
48,472
8,000
40,472
48,472

The company is entitled to the exemption from the audit requirement contained in section 477 of the Companies Act 2006, for the year ended 31 May 2021.

The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.

The members have not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476.

These financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies regime.

The financial statements were approved by the Trustees on 10 February 2022

S Bruce Trustee

Company Registration No. 04339368

OUCH (UK)

NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MAY 2021

1 Accounting policies

Charity information

Ouch (UK) is a private company limited by guarantee incorporated in England and Wales. The registered office is Pyramid House, 954 High Road, Finchley, London, N12 9RT.

1.1 Accounting convention

The accounts have been prepared in accordance with the Companies Act 2006 and “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)” (as amended for accounting periods commencing from 1 January 2016). The charity is a Public Benefit Entity as defined by FRS 102.

The charity has taken advantage of the provisions in the SORP for charities applying FRS 102 Update Bulletin 1 not to prepare a Statement of Cash Flows.

The financial statements are prepared in sterling , which is the functional currency of the charity . Monetary a mounts in these financial statements are rounded to the nearest £.

The financial statements have been prepared under the historical cost convention. The principal accounting policies adopted are set out below.

1.2 Going concern

At the time of approving the financial statements, the trustees have a reasonable expectation that the charity has adequate resources to continue in operational existence for the foreseeable future. Thus the trustees continue to adopt the going concern basis of accounting in preparing the financial statements.

1.3 Charitable funds

Unrestricted funds are available for use at the discretion of the trustees in furtherance of their charitable objectives.

Restricted funds are subject to specific conditions by donors as to how they may be used. The purposes and uses of the restricted funds are set out in the notes to the financial statements.

1.4 Incoming resources

Income is recognised when the charity is legally entitled to it after any performance conditions have been met, the amounts can be measured reliably, and it is probable that income will be received.

Cash donations are recognised on receipt. Other donations are recognised once the charity has been notified of the donation, unless performance conditions require deferral of the amount. Income tax recoverable in relation to donations received under Gift Aid or deeds of covenant is recognised at the time of the donation.

Legacies are recognised on receipt or otherwise if the charity has been notified of an impending distribution, the amount is known, and receipt is expected. If the amount is not known, the legacy is treated as a contingent asset.

OUCH (UK)

NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 MAY 2021

1 Accounting policies

(Continued)

1.5 Resources expended

Expenditure is recognised once there is a legal or constructive obligation to transfer economic benefit to a third party, 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 classified by activity. The costs of each activity are made up of the total of direct costs and shared costs, including support costs involved in undertaking each activity. Direct costs attributable to a single activity are allocated directly to that activity. Shared costs which contribute to more than one activity and support costs which are not attributable to a single activity are apportioned between those activities on a basis consistent with the use of resources. Central staff costs are allocated on the basis of time spent, and depreciation charges are allocated on the portion of the asset’s use.

Resources expended are recognised in the period in which they are incurred. Resources expended include attributable VAT which cannot be recovered .

1.6 Tangible fixed assets

Tangible fixed assets are initially measured at cost and subsequently measured at cost or valuation, net of depreciation and any impairment losses.

Depreciation is recognised so as to write off the cost or valuation of assets less their residual values over their useful lives on the following bases:

Fixtures, fittings & equipment

33.3% reducing balance

The gain or loss arising on the disposal of an asset is determined as the difference between the sale proceeds and the carrying value of the asset, and is recognised in the statement of financial activities .

1.7 Stocks

Stocks are stated at the lower of cost and estimated selling price less costs to complete and sell .

Net realisable value is the estimated selling price less all estimated costs of completion and costs to be incurred in marketing, selling and distribution.

1.8 Cash and cash equivalents

Cash and cash equivalents include cash in hand, deposits held at call with banks, other short-term liquid investments with original maturities of three months or less, and bank overdrafts. Bank overdrafts are shown within borrowings in current liabilities.

Basic financial assets

Basic financial assets, which include debtors and cash and bank balances, are initially measured at transaction price including transaction costs and are subsequently carried at amortised cost using the effective interest method unless the arrangement constitutes a financing transaction, where the transaction is measured at the present value of the future receipts discounted at a market rate of interest. Financial assets classified as receivable within one year are not amortised.

OUCH (UK)

NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 MAY 2021

1 Accounting policies

(Continued)

Basic financial liabilities

Basic financial liabilities, including creditors and bank loans are initially recognised at transaction price unless the arrangement constitutes a financing transaction, where the debt instrument is measured at the present value of the future p aymen ts discounted at a market rate of interest. Financial liabilities classified as payable within one year are not amortised.

Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of operations from suppliers. Amounts payable are classified as current liabilities if payment is due within one year or less. If not, they are presented as non-current liabilities. Trade creditors are recognised initially at transaction price and subsequently measured at amortised cost using the effective interest method.

2 Critical accounting estimates and judgements

In the application of the charity’s accounting policies, the trustees are required to make judgements, estimates and assumptions about the carrying amount of assets and liabilities that are not readily apparent from other sources. The estimates and associated assumptions are based on historical experience and other factors that are considered to be relevant. Actual results may differ from these estimates.

The estimates and underlying assumptions are reviewed on an ongoing basis. Revisions to accounting estimates are recognised in the period in which the estimate is revised where the revision affects only that period, or in the period of the revision and future periods where the revision affects both current and future periods.

3 Charitable activities

Depreciation and impairment
Donations paid
National conferences and trustee meeting expenses
Promotion and booklets
Printing, postage and stationery
Helpline telephone
Insurance
Website costs
Accountancy fees
Sundry expenses
Bank charges		 2021
£
256
12,000
-
40
1,967
1,070
617
3,875
1,693
267
479
22,264
22,264		 2020
£
384
1,000
12,353
150
1,176
1,068
617
3,165
3,462
222
373
23,970
23,970

4 Trustees

None of the trustees (or any persons connected with them) received any remuneration or benefits from the charity during the year .

OUCH (UK)

NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 MAY 2021

5 Employees

The average monthly number of employees during the year was:
2021 2020
Number Number
Total - -
6 Taxation
The company is exempt from Corporation Tax on its charitable activities.
7 Tangible fixed assets
Fixtures, fittings & equipment
£
Cost
At 1 June 2020 18,587
At 31 May 2021 18,587
Depreciation and impairment
At 1 June 2020 17,817
Depreciation charged in the year 256
At 31 May 2021 18,073
Carrying amount
At 31 May 2021 514
At 31 May 2020 770
8 Stocks
2021 2020
£ £
Finished goods and goods for resale 300 300
9 Creditors: amounts falling due within one year
2021 2020
£ £
Accruals and deferred income 3,971 3,972

OUCH (UK)

NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 MAY 2021

10
Analysis of net assets between funds
Unrestricted
funds
Designated
funds
2021
2021
£
£
Fund balances at 31
May 2021 are
represented by:
Tangible assets
514
-
Current assets/
(liabilities)
54,172
-
54,686
-		 TotalUnrestricted
funds
Designated
funds
2021
2020
2020
£
£
£
514
770
-
54,172
39,702
8,000
54,686
40,472
8,000		 Total
2020
£
770
47,702
48,472

Purpose of designated funds

Development costs The trustees have designated funds for the future research and development of the charity.

11 Related party transactions

There were no disclosable related party transactions during the year (2020 - none) .