**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:
- 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.
- Continue to update and refurbish the décor and furnishings.
- 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|