OXYGEN THERAPY CENTRE CARDIGAN LTD UNIT 13 PENTOOD INDUSTRIAL ESTATE CARDIGAN SA43 3AG TEL: 01239 613210
Oxygen Therapy Centre Cardigan Ltd (Company registration number 05783351)
Report of the Trustees For the year ended 30[th] April 2024
The trustees who are also the 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 30[th] April 2024. The trustees have adopted the provisions of Accounting and Reporting by Charities: Statement of Recommended Practice applicable to the 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)
Objectives and Activities
The Oxygen Therapy Centre Cardigan is constituted as a company limited by guarantee. It is governed by its Memorandum and Articles of Association.
The principal objective of the charity is the provision of facilities to assist people suffering from Multiple Sclerosis and any other conditions that may benefit from High Dosage Oxygen Therapy.
Public Benefit
The Trustees have regard to the Charities Commissions general guidance on public benefit and always ensure that the activities we undertake are in line with our charitable aims and objectives.
Achievements and Performance
The Centre has one paid member of staff and five volunteers. The Centre Manager undertakes performance reviews with the volunteers and the Trustees oversee the Centre Manager. There is a complaints procedure in place that all users of the Centre are aware of.
During the Covid pandemic the Centre has followed all government advice and has had strict procedures in place in regards to the health and safety of all staff and users of the Centre. During social distancing the Centre opened strictly on a one user at a time basis and decontamination procedures were in place,
We have been very fortunate to receive a number of donations from individuals and local fundraising groups.
Financial Review
The Management do not have any concern over the future viability of the Centre as it is currently run and funded. Reserves currently stand at £35,000. The Trustees have made plans to identify areas of future funding and reducing costs where possible.
The Trustees have identified that reserves should remain above £20,000, this being the equivalent to 6 months operating costs. As of 31[st] April 2024 the reserves remain above this level and management have taken steps to ensure that funds are managed carefully.
Registered Charity No. 1116086
Registered Company No. 05783351
OXYGEN THERAPY CENTRE CARDIGAN LTD UNIT 13 PENTOOD INDUSTRIAL ESTATE CARDIGAN SA43 3AG TEL: 01239 613210
Future Plans
The Trustees are committed to maintaining our high levels of service and support for our users. Future plans we are looking to achieve include the following:
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The raising of funds to install an oxygen generation system. This would allow us to generate our own oxygen and reduce the costs incurred with the use of bottled oxygen.
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Continue to update and refurbish the décor and furnishings.
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Increase our users and explore other therapies that our users may benefit from.
Structure, Governance and Management
The charity operates out of our Centre in Cardigan. We are currently open Monday, Tues, Wednesday and Friday although this fluctuates according to usage. To keep costs down the Centre is not open when the oxygen chamber is not in use. The Centre Manager is onsite whenever the centre is open and is assisted by volunteers.
Volunteers are trained as chamber operators by the senior operator, the Centre Manager. This training is overseen by our umbrella organisation who visit annually. The manager is overseen by the Trustees who also form the management committee and Directors.
Health and safety is overseen by a competent individual who prepares risk assessments and makes regular checks of the premises. The oxygen chamber has yearly servicing and inspections by official engineers and insurance inspectors in addition to daily checks by the chamber operator.
Reference and Administration Details
Registered Company Number 05783351 Registered Charity Number 1116086
Registered Address:
Unit 13 Pentood Industrial Estate Cardigan Ceredigion SA43 3AG.
Trustees Mr William Hopkins Mrs Mair Rees Mrs Andrea Prince Mrs Jean Williams Mr John Vaughan Mr Philip Simpson Mr Ian Morgan
Company Secretary Mrs Debbie Morgan
Registered Charity No. 1116086
Registered Company No. 05783351
OXYGEN THERAPY CENTRE CARDIGAN LTD UNIT 13 PENTOOD INDUSTRIAL ESTATE CARDIGAN SA43 3AG TEL: 01239 613210
Independent Examiner
Mr Islwyn Evans Pritchard & Evans Accountants 47 St Marys Street Cardigan Ceredigion SA43 1HA.
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 the Board of Trustees and signed on its behalf by
Mr William Hopkins (Trustee & Chair of board of directors)
Registered Charity No. 1116086
Registered Company No. 05783351
page 1
OXYGEN THERAPY CENTRE CARDIGAN LTD (NON STATUTORY ACCOUNTS)
INCOME AND EXPENDITURE ACCOUNT YEAR ENDED 30 APRIL 2024
| Income Events and collections Donations Dives and physio Craft sales Tax refunds and online giving Hywel Dda Total Income Expenditure Chamber and physio requisites Salaries Rent Insurances and licences Light and heat Water charges Telephone Office expenses and registration fees Repairs and renewals Miscellaneous expenses Depreciation Total Expenditure Profit/(loss) for year |
2024 1,632 42,667 7,001 590 325 5,600 |
57,815 (43,589) 14,226 |
2023 4,603 20,538 10,267 720 3,811 6,160 |
46,099 (46,128) |
|---|---|---|---|---|
| 5,656 15,491 12,766 4,682 1,790 135 1,254 198 882 735 |
6,327 16,458 12,712 4,954 1,967 204 716 606 771 596 817 |
|||
| (29) |
OXYGEN THERAPY CENTRE CARDIGAN LTD (NON STATUTORY ACCOUNTS)
page 2
BALANCE SHEET AS AT 30 APRIL 2024
| Fixed Assets Additions to rented property Opening balance Chamber and physiotherapy Opening balance Depreciation Office equipment Opening balance Depreciation Current Assets Lloyds - Current account Total Net Assets Accumulated Fund Opening balance Profit/(loss) for year |
2024 7,278 (727) |
46,650 6,551 70 50,961 104,232 90,006 14,226 104,232 |
2023 8,086 (808) |
46,650 7,278 78 36,000 |
|---|---|---|---|---|
| 78 (8) |
87 (9) |
|||
| 50,961 | 36,000 | |||
| 90,006 | ||||
| 90,035 (29) |
||||
| 90,006 |
page 1
OXYGEN THERAPY CENTRE CARDIGAN LTD (NON STATUTORY ACCOUNTS)
INCOME AND EXPENDITURE ACCOUNT YEAR ENDED 30 APRIL 2024
| Income Events and collections Donations Dives and physio Craft sales Tax refunds and online giving Hywel Dda Total Income Expenditure Chamber and physio requisites Salaries Rent Insurances and licences Light and heat Water charges Telephone Office expenses and registration fees Repairs and renewals Miscellaneous expenses Depreciation Total Expenditure Profit/(loss) for year |
2024 1,632 42,667 7,001 590 325 5,600 |
57,815 (43,589) 14,226 |
2023 4,603 20,538 10,267 720 3,811 6,160 |
46,099 (46,128) |
|---|---|---|---|---|
| 5,656 15,491 12,766 4,682 1,790 135 1,254 198 882 735 |
6,327 16,458 12,712 4,954 1,967 204 716 606 771 596 817 |
|||
| (29) |
OXYGEN THERAPY CENTRE CARDIGAN LTD (NON STATUTORY ACCOUNTS)
page 2
BALANCE SHEET AS AT 30 APRIL 2024
| Fixed Assets Additions to rented property Opening balance Chamber and physiotherapy Opening balance Depreciation Office equipment Opening balance Depreciation Current Assets Lloyds - Current account Total Net Assets Accumulated Fund Opening balance Profit/(loss) for year |
2024 7,278 (727) |
46,650 6,551 70 50,961 104,232 90,006 14,226 104,232 |
2023 8,086 (808) |
46,650 7,278 78 36,000 |
|---|---|---|---|---|
| 78 (8) |
87 (9) |
|||
| 50,961 | 36,000 | |||
| 90,006 | ||||
| 90,035 (29) |
||||
| 90,006 |