PHYSIOPEDIA ANNUAL REPORT 2020/21
2
Annual Report 2020/2021
Annual Report 2020/2021
3
MISSION
VISION
A WORLD WHERE EVERY PERSON RECOGNISES THE VALUE OF PHYSIOTHERAPY
CONTENTS
| A Year in Summary Values Looking Back, Looking Forward Testimonials What We Do Who We Do It With Global Broadcast Governance Trustees Contributors Thank You! Finance Report |
04 |
| 05 | |
| 06 | |
| 07 | |
| 08 | |
| 09 | |
| 10 | |
| 11 | |
| 12 | |
| 13 | |
| 14 | |
| 15 |
EQUITABLE ACCESS TO PHYSIOTHERAPY KNOWLEDGE WORLDWIDE
Annual Report 2020/2021
Annual Report 2020/2021
4
5
A YEAR IN SUMMARY
This is Physiopedia’s fourth annual report and covers the period of June 1, 2020 through May 31, 2021.
As the most widely used physiotherapy resource in the world, ranked #54 medical website globally, Physiopedia is a gift from the physiotherapy community to all health care professionals and the health seeking public. Our resilient team of volunteers have continued to highly function as remote team and the production of new and updated information on has largely been unaffected by the continuing pandemic. There are now 4,000 pages of content and currently around 1.8 million individuals, representing nearly every country in the world, use Physiopedia every month. Collectively they view between 4-5 million pages each month and spend an average of 2 minutes on each page they view.
As the global COVID-19 pandemic continues through 2021 Physiopedia is utilising it’s new found agility to respond to emerging challenges around the world. The COVID-19 educational resources that were developed in quick response to the start of the pandemic were continually updated as new evidence emerged. We teamed up with researchers and topic specialists to provide multiple free courses relating to maintaining health and wellbeing during the pandemic and on the clinical management of long covid.
Collaborations are a strong part of the Physiopedia ethos and the past year has been no exception. Partnerships keep our work current and appropriate and we continue to strategically consult with like minded international organisations such as the World Health Organisation, International Committee of the Red Cross, Humanity & Inclusion and Health Volunteers Overseas. In September 2020 Physiopedia, in collaboration with Physiopedia Plus our related professional development company, was successfully awarded a USAID grant for the Learning Acting Building for Rehabilitation in Health Systems (ReLAB-HS) project to integrate rehabilitation into health systems with consortium partners John Hopkins University, University of Melbourne, Humanity and Inclusion, Miracle Feet, and Momentum Wheels for Humanity. The five year grant will provide an opportunity to significantly upscale and specifically contribute to workforce development activities globally, in particular in low resource settings and countries affected by conflict.
Respecting the pandemic situation, international meetings and travel were again put on hold. For the Physiopedia team who are very accustomed to being online the adoption of technology that facilitates remote working by organisations world wide presented a greater opportunity for collaboration and many deeper working relationships evolved. We have continued to support organisations worldwide, including universities, service providers and member organisations, to supplement their existing education and training activities.
For a team that is distributed all over the world meeting in person once a year is highly valued. With the absence of inperson meetings for the second year in a row this has posed a challenge. We have had to learn to deeply understand how working and relationships are challenged by the persistent virtual nature of working and we commend the team for staying motivated, being understanding and staying kind. You are a shining example for the rest of the world in these terribly difficult times.
Physiopedia’s long covid page has plenty of resources to help long covid sufferers get in touch with support to help them with their hard times. ~ anonymous Physiopedia user
VALUES
Passion - We demonstrate commitment in heart and mind in all that we do.
Excellence - We go above and beyond to exceed expectations. We pursue quality and promote leadership and growt.h
Innovation - We are curious to discover. We relentlessly pursue creative solutions to improve our work and our services for our communit.y
Altruism - We all have something to give. We are devoted to the wellbeing of others.
Impact - We are a small team with big ambitions. In everything that we do we aim to achieve compelling results.
Collaboration - We respect all rehabilitation stakeholders. We believe in the power of working together to leverage collective expertise.
Community - We value sharing. We encourage connection and communication to strengthen positive relationships.
Integrity - Do no harm. We respectfully and ethically interact with each other and those we serve.
Annual Report 2020/2021
Annual Report 2020/2021
6
7
LOOKING BACK, LOOKING FORWARD
RACHAEL LOWE
CO-FOUNDER, TRUSTEE & CHAIR
Rachael qualified as a physiotherapist in 1998 with a first class degree from Sheffield Hallam University. Before turning her attention to providing technology solutions for the physiotherapy profession, she successfully founded a private musculoskeletal physiotherapy service in the UK.
Now, in a voluntary capacity, Rachael oversees the day to day activities at the Physiopedia charity. She is also co-founder and CEO of Physioplus, Physiopedia’s supporting online professional development platform.
In 2021 we are learning to live with COVID-19, everything and everyone is having to adapt. Families and friendships have been challenged to find new ways to connect and working environments have had to create strong confident systems, while health care systems have been challenged to the core and our profession has united to provide responsive physiotherapy services.
On top of all of this the world is evolving at an exponential pace. Civilians have travelled to space, crypto has become the new language of money, and influencers have invaded our lives. Political roller coasters make us queasy, conflicts old and new cause deep wounds, and the environment is being challenged by nature’s increasingly catastrophic events.
Resilience is not just the ability to bounce back, but also the capacity to adapt in the face of challenging circumstances, whilst maintaining a stable mental wellbeing. Not only has this been important to the Physiopedia team but also for providing a trusted knowledge resource for our users. Through the good, the bad and the ugly Physiopedia has become a reliable presence.
We continue to be humbled by the role that Physiopedia plays in elevating knowledge for a wide range of other health care professionals plus the general health seeking public. Our altruistic global community of volunteers do an incredible job of creating new and updating existing content. Not only does this maintain a great educational resource for physiotherapists and an amazing advocacy tool for our profession, it is also being used in the education of others.
We hear more and more that Physiopedia is being used to support patient education in clinics and hospitals worldwide. Clinicians are directly sharing articles with patients to educate them about their condition, clinics are asking staff to download the app to share articles with patients via their mobile devices and injured individuals in remote places where no there is no access to physiotherapy care are using Physiopedia for their own rehabilitation.
Physiopedia values itself on being a responsive and inclusive organisation. This has never been more important in a world that has gone online. We aim to continually respond to evolving events, opportunities and innovations to benefit our profession, keeping the global profession informed and, where they wish, involved in all that we do as a global community. Now more than ever, we advocate for inclusion, understanding and kindness, whatever this new challenging remote world exposes.
I was surprised and delighted to see my son’s school recommend the disaster management article on Physiopedia as a resource for my son’s school project.
~ Vidya Acharya, Physiopedia volunteer
There is no access to physiotherapy where I live. Physiopedia helped me find a way back to fitness following my leg injury. ~ Member of the health seeking public.
Annual Report 2020/2021
Annual Report 2020/2021
8
9
WHAT WE DO
WHO WE DO IT WITH
Making meaningful impact on the global physiotherapy community
Making meaningful partnerships to impact on global health
In order to satisfy it’s mission, the strategic plan highlights 6 key strategies that guide our activities:
Physiopedia values, respects and encourages collaborative activities that contribute towards global health.
Gather the sum of all physiotherapy knowledge and make this freely available to all.
Lead in providing educational opportunities to physiotherapists throughout the world.
Integrating rehabilitation into health systems with John Hopkins University, University of Melbourne, Humanity and Inclusion, Momentum Wheels for Humanity and Miracle Feet.
The Physiopedia website currently has over 4,000 pages of evidence-baseduseful and practical helath realted content that continues to be made freely available to everyone where ever they may be in the world.
Reach and involve every physiotherapist in the world.
As an open access online platform Physiopedia does not make any restrictions on who can visit the website. We had visits from every country in the world, including the Vatican! Whether this was related to the Pope’s low back pain we do not know?
Foster international collaboration to empower the global physiotherapy profession.
We collaborated with five universities and one member organisation to collbaoratively develop new and update existing content on the website, helping us to maintain and evolve the content of the Physiopedia knowledge resource.
Through our collaborations with universities and member organisations Physiopedia provided a platform for innovative educational initiatives and professional development opportunities for physiotherapists globally.
Improve health care and therefore make a positive contribution to global health.
As a nimble organisation Physiopedia has been able to quickly respond to world events, such as the ongoing global pandemic and the devastating blast in Lebanon, with resources that contribute to knowledge acquisition and translation into improved health care provision.
Promote the profession to the wider health care community and the public globally.
As the result of a solid communications strategy, this year there has been an increase in website visitors that are not physiotherapists. This promotes the value of the physiotherapy profession to others, including other health care professionals and the public.
In September 2020 Physiopedia was successful in receiving a grant from United States Agency for International Development (USAID) along with five other consortium partners to integrate rehabilitation into helath systems. The Learning, Acting and Building for Rehabilitation in Health Systems Consortium (ReLAB-HS) is a global project that will support the development of health systems that are responsive to the growing needs for rehabilitation within populations. It seeks to co-design and implement innovative, comprehensive, cost-effective interventions that strengthen health systems for provision of rehabilitation across all levels of care. The five-year program will work globally and initially concentrate on a number of low- and middleincome countries affected by conflict, with varying levels of rehabilitation needs and infrastructure. ReLAB-HS presents a genuine opportunity to provide real improvements in the quality of life, functionality and independence for many people through simple interventions at the primary care level, and the use of technology to bring rehabilitation further into community settings.
Alongside Physiopedia Plus Ltd, Physiopedia’s role as part of the ReLAB-HS consortium is focused on developing workforce capacity. The ReLAB-HS workforce development activities seek to cost and time efficiently train more rehabilitation professionals and elevate standards of rehabilitation practice around the world. In order to build upon the many examples of rehabilitation workforce development already taking place around the world our activities are centred on coordination with all relevant stakeholders to share knowledge, practices, and resources via a suite of digital platforms that will offer online teaching, learning, mentoring and networking. These platforms will be innovative, accessible and inclusive to allow adoption by all rehabilitation professionals. Through their integration with all other ReLAB-HS digital activities, including telerehabilitation and knowledge management, this will create a central digital hub for the global rehabilitation profession.
Tools and resources to facilitate the practicalities of workforce development will be created. This will include the development of an internationally relevant rehabilitation education and training toolkit that can be adopted by stakeholders and adapted to their particular profession and/or geographical and economic context. Online accredited courses will be created in collaboration with international topic specialists and made available for any stakeholder to integrate into their own teaching activities. Resources and support will be made available to facilitate the uptake of the toolkit by clinics and educators through the effective use of blended learning as an economically efficient workforce development strategy.
Annual Report 2020/2021
Annual Report 2020/2021
10
11
GLOBAL BROADCAST
In the 2020/21 financial year between 1 June 2020 and 31 May 2021 Physiopedia received 67,971,851 page views by 27,183,195 users from every country in the world.
Top ten visiting countries were : United States, India, United Kingdom, Australia, Canada, Philippines, Pakistan, Malaysia, South Africa and Ireland.
Provided courses in response to Lebanon blast
After the devastating blast in Lebanon there was a specific need for certain conditions including hand rehabilitation. In response we quickly developed a series of courses on hand therapy and gave free access to all physiotherapists in Lebanon.
Responded to the global pandemic with a long covid course
We teamed up with researchers and topic specialists to provide multiple free courses relating to maintaining health and wellbeing during the pandemic and on the clinical management of long covid.
Attended World Physiotherapy Congress in Dubai
The Physiopedia team delivered four presentations at this years online World Physiotherapy Congress. We reported on the outcomes of our resonse to COVID-19 massive open online course as well as the success of our content development partnerships. Team member Nicole Beamish (from Canada) won outstanding platform presentation for the North America Caribbean region.
Annual Report 2020/2021
Annual Report 2020/2021
12
13
GOVERNANCE
Physiopedia is registered with the Charity Commission (registration number 1173185) and complies with the Charities Act 2011. The objects of the charity are, for the public benefit, to improve health globally by advancing education in relation to physiotherapy and improving access to physiotherapy knowledge.
Under UK law, the Physiopedia Charity is subject to the companies acts 1985 to 2006 and operates as a company limited by guarantee and not having share capital. It is bound by the articles of association last amended in 2017.
The Physiopedia Trustees have responsibility for the control and direction of the affairs of the charity. The Trustees are supported in their governance function by the Advisory Council. The Trustees and Advisory Council receive no remuneration for their duties.
ADVISORY COUNCIL
We have a panel of respected professionals on whose knowledge and experience we draw to further the objects of Physiopedia.
Barbara Rau - Head of International Relation at Haute Ecole de Sante de Geneve.
Sue Eitel - Rehabilitation consultant at Eitel Global.
Nancy Kelly - Founder and Executive Director of Health Volunteers Overseas.
Tim Wright - Lawyer and Partner at Fladgate
TRUSTEES
Antony Lowe
MEng, PhD
------------------------------------
Tony has worked as an e-learning consultant for nearly 20 years , he now specialises in health and is cofounder of Physiopedia.
Hilary Weatherstone LLB Hons
------------------------------------
Hilary has worked in the finance sector in London for over 20 years, she is an investment director in growth finance at Beringa.
Brenda Myers BSc, MHSA
Elaine Lonnemann
DPT, OCS, MTC, FAAOMPT
-----------------------------------------------------------------------
Brenda served as the Secretary General of the WCPT from 19952016. Prior to this she was Executive Director of the Canadian Physiotherapy Association.
Elaine is programme director at the University of St. Augustine in the USA and currently serves as President of AAOMPT.
Rachael Lowe
BSc Hons
------------------------------------
Rachael is a physiotherapist and tecnology specialist, she is cofounder of Physiopedia.
Michael Rowe - Associate Professor in the Department of Physiotherapy at the University of the Western Cape.
Annual Report 2020/2021
Annual Report 2020/2021
14
15
CONTRIBUTORS
Content Partners
Environmental Physiotherapy Association Queens University University of Nottingham Northumbria University The University of Waterloo University of British Columbia
Strategic Partners
Humanity & Inclusion The International Committee of the Red Cross World Confederation of Physical Therapy Health Volunteers Overseas Clinically Relevant
THANK YOU!
TO EVERYONE THAT CONTRIBUTED TO PHYSIOPEDIA IN 2020/210
Volunteers
Abbey Wright Abdallah Ahmed Abdulmaleek Kehinde Fatola Adu Omotoyosi Johnson Ahmed Essam Ajeyalemi Simisola Aminat Abolade Ammar Suhail Amr Abd El-Razeq Anas Mohamed m Anna Fuhrmann Anthonia Abraham Arnold D’Souza Ashmita Patrao Ayelawa Samuel Candace Goh Xiao Huey Chelsea McLene Chrysolite Jyothi Kommu Chukwunonso Mmadu-Okoli Cindy John-Chu Claire Knott Claire Testa Donald John Auson Emmanuel Edema Esraa Abdullzaher Eugenie Lamprecht Fasuba Ayobami
George Prudden Habibu Salisu Badamsi Ilona Malkauskaite Inga Balciuniene Jayati Mehta Joseph Aderonmu Kalyani Yajnanarayan Karen Wilson Khloud Shreif Laura Ritchie Lauren Kwant Lauren Lopez Lilian Ashraf Liliane Kirenga Lucinda Hampton Manisha Shrestha Marleen Moll Mathius Kassagga Matt Ross Milijana Delevic Natalie Patterson Nikhil Benhur Abburi Nina Myburg Olajumoke Ogunleye Oluwabunmi Akinnagbe Oyemi Sillo Rania Nasr
Redisha Jakibanjaar Rewan Elsayed Elkanafany Richard Benes Ronald Yip Rucha Gadgil Saeed Dokhnan Safiya Naz Sai Kripa Samuel Adedigba Shaimaa Eldib Shreya Pavaskar Sukhi Dhaliwal Suleiman Usman Tolulope Adeniji Uchechukwu Chukwuemeka Vidya Acharya Wendy Walker Yvonne Yap
Never doubt that a small group of thoughtful, committed citizens can change the world; indeed, it is the only thing that ever has.
~ Margaret Mead
Annual Report 2020/2021
16
FINANCE REPORT
This statement of contributions and expenses relates to the year ending 31 May 2020.
----- Start of picture text -----
Year end 31 May ear end 31 May
2021 2020
£ £
Income
Grant income 8,124 7,919
Online courses 2,500 2,500
Marketing services 5,000 5,873
Donations - public 3,581 4,846
Donations - Physioplus 38,580 28,705
Sales - 64
Sponsorship - 5,000
Total income 57,785 54,907
Expenses
Travel and subsistence - 972
Support and administration costs 38,680 46,250
Computer software and consumables 6,690 6,413
Advertising and marketing costs - 2,924
Website costs 6,677 -
Professional fees 1,013 900
Subscriptions 35 40
Bank charges 62 53
Insurance 437 437
Printing, postage, stationary 1,800 -
Exhibitions 200 453
Total expenses 55,594 58,442
Surplus for the year 2,191 (3,535)
----- End of picture text -----
Notes
General
Physiopedia is a charitable company limited by guarantee and is incorporated in United Kingdom (registration number 08530802). The registered office address is 10 Queen St Place, London, EC4R 1BE.
Public benefit entity
The charitable company meets the definition of a public benefit entity under FRS 102.
Going concern
The trustees consider that there are no material uncertainties about the charitable company’s ability to continue as a going concern.
£2,191
FOR THE FUTURE
The small surplus of funds will be used in the next financial year to forward the Physiopedia mission.
There will be a focus on maintaining a sustainable editorial team to manage the content on the Physiopedia website. Our flagship knowledge resource will continue to provide high quality information for the professional development of physiotherapists all over the world.
There will continue to be a focus on developing new partnerships with universities, clinics and professional organisations. We will create professional development opportunities for their students, staff and members.
Having evidenced the ability to be nimble we will continue to respond to world events that require fast development of physiotherapy knowledge and skills.
The free and open online course in late 2021 will be contibute towards an understanding of rehabilitation for displaced persons.
ANNUAL REPORT 2020/21
Physiopedia 10 Queen St Place London EC4R 1BE United Kindom www.physio-pedia.com
Personnel
As at 31 May 2021, the Charity had no staff members employed. The Trustees receive no remuneration for their duties. Expenses can be reimbursed.
Related Parties
Rachael Lowe and Antony Lowe are directors and shareholders of Physiopedia Plus Ltd, which provides support services to Physiopedia free of charge. The cost of these services, where quanitifiable, is included in the accounts both as costs and as a donation. The directors of Physiopedia Plus Ltd also devote a substantial part of their time to the activities of the charity entirely on a voluntary basis. The value of these services has not been quatified.
Registered number: 08530802
PHYSIOPEDIA DIRECTORS' REPORT AND UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MAY 2021
Physiopedia Directors' Report and Unaudited Financial Statements For The Year Ended 31 May 2021
Contents
| Page | |
|---|---|
| Company Information | 2 |
| Directors' Report | 3 |
| Accountant's Report | 4 |
| Income and Expenditure Account | 5 |
| Balance Sheet | 6 |
| Notes to the Financial Statements | 7—8 |
| The following pages do not form part of the statutory accounts: | |
| Detailed Income and Expenditure Account | 9 |
Page 1
Physiopedia Company Information For The Year Ended 31 May 2021
| Directors | Ms Elaine Lonnemann |
|---|---|
| Mr Antony Lowe | |
| Mrs Rachael Lowe | |
| Ms Brenda Myers | |
| Company Number | 08530802 |
| Registered Office | 10 Queen Street Place |
| London | |
| EC4R 1BE | |
| Accountants | Devtrain Ltd t/a Sue Whitter ICPA |
| The Old Hall, Hall Lane | |
| Fiskerton | |
| Lincoln | |
| LN3 4HT |
Page 2
Physiopedia Company No. 08530802 Directors' Report For The Year Ended 31 May 2021
The directors present their report and the financial statements for the year ended 31 May 2021.
Statement of Directors' Responsibilities
The directors are responsible for preparing the Directors' Report and the financial statements in accordance with applicable law and regulations. Company law requires the directors to prepare financial statements for each financial year. Under that law the directors have elected to prepare the financial statements in accordance with United Kingdom Generally Accepted Accounting Practice (United Kingdom Accounting Standards and applicable law). Under company law the directors must not approve the financial statements unless they are satisfied that they give a true and fair view of the state of affairs of the company and of the surplus or deficit of the company for that period. In preparing the financial statements the directors are required to:
select suitable accounting policies and then apply them consistently;
make judgments and accounting estimates that are reasonable and prudent;
prepare the financial statements on the going concern basis unless it is inappropriate to presume that the company will continue in business.
The directors are responsible for keeping adequate accounting records that are sufficient to show and explain the company's transactions and disclose with reasonable accuracy at any time the financial position of the company and enable them to ensure that the financial statements comply with the Companies Act 2006. They are also responsible for safeguarding the assets of the company and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities.
Directors
The directors who held office during the year were as follows:
Ms Elaine Lonnemann Mr Antony Lowe Mrs Rachael Lowe Ms Brenda Myers Ms Hilary Weatherstone RESIGNED 11/05/2021
Small Company Rules
This report has been prepared in accordance with the special provisions relating to companies subject to the small companies regime within Part 15 of the Companies Act 2006.
On behalf of the board
Mrs Rachael Lowe
Director
06/01/2022
Page 3
Physiopedia Accountant's Report For The Year Ended 31 May 2021
Independent examiner’s report to the trustees of Physiopedia
I report to the charity trustees on my examination of the accounts of Physiopedia (the Company) for the year ended 31 May 2021.
Responsibilities and basis of report
As the charity’s trustees of the Company (and also its directors for the purposes of company law) you are responsible for the preparation of the accounts in accordance with the requirements of the Companies Act 2006 (‘the 2006 Act’).
Having satisfied myself that the accounts of the Company 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 your charity’s accounts as carried out under section 145 of the Charities Act 2011 (‘the 2011 Act’). In carrying out my examination I have followed the 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 material matters have come to my attention in connection with the examination giving me cause to believe that in any material respect:
accounting records were not kept in respect of the Trust as required by section 130 of the Act; or the accounts do not accord with those records.
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 accounts to be reached.
Sue Whitter ICPA (Fellow)
06/01/2022
Devtrain Ltd t/a Sue Whitter ICPA
The Old Hall, Hall Lane Fiskerton Lincoln LN3 4HT
Page 4
Physiopedia Income and Expenditure Account For The Year Ended 31 May 2021
| Notes TURNOVER Cost of sales GROSS SURPLUS Administrative expenses OPERATING SURPLUS/(DEFICIT) AND SURPLUS/(DEFICIT) FOR THE FINANCIAL YEAR |
2021 £ 57,785 (38,680) 19,105 (16,914) 2,191 |
2020 £ 54,907 (47,222) |
|---|---|---|
| 7,685 (11,220) |
||
| (3,535) |
The notes on pages 7 to 8 form part of these financial statements.
Page 5
Physiopedia Balance Sheet As at 31 May 2021
| Notes FIXED ASSETS CURRENT ASSETS Debtors 4 Cash at bank and in hand Creditors: Amounts Falling Due Within One Year 5 NET CURRENT ASSETS (LIABILITIES) TOTAL ASSETS LESS CURRENT LIABILITIES NET ASSETS Income and Expenditure Account MEMBERS' FUNDS |
2021 £ £ 25,000 21,563 46,563 (6,192) 40,371 40,371 40,371 40,371 40,371 |
2021 £ £ 25,000 21,563 46,563 (6,192) 40,371 40,371 40,371 40,371 40,371 |
2020 £ £ 5,000 38,956 43,956 (5,776) 38,180 38,180 38,180 38,180 38,180 |
2020 £ £ 5,000 38,956 43,956 (5,776) 38,180 38,180 38,180 38,180 38,180 |
|---|---|---|---|---|
| 40,371 | 38,180 | |||
| 46,563 (6,192) |
43,956 (5,776) |
|||
| 40,371 | 38,180 | |||
| 40,371 | 38,180 | |||
| 40,371 | 38,180 | |||
| 40,371 | 38,180 |
For the year ending 31 May 2021 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
Directors' responsibilities:
The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared in accordance with the provisions applicable to companies subject to the small companies' regime.
On behalf of the board
Mrs Rachael Lowe
Director
06/01/2022
The notes on pages 7 to 8 form part of these financial statements.
Page 6
Physiopedia Notes to the Financial Statements For The Year Ended 31 May 2021
1. Accounting Policies
1.1. Basis of Preparation of Financial Statements
The financial statements are prepared under the historical cost convention and in accordance with the FRS 102 Section 1A Small Entities - The Financial Reporting Standard applicable in the UK and Republic of Ireland and the Companies Act 2006.
1.2. Turnover
Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the sale of goods and from the rendering of services. Turnover is reduced for estimated customer returns, rebates and other similar allowances.
Sale of goods
Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods has transferred to the buyer. This is usually at the point that the customer has signed for the delivery of the goods.
Rendering of services
Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs. Turnover is only recognised to the extent of recoverable expenses when the outcome of a contract cannot be estimated reliably.
1.3. Tangible Fixed Assets and Depreciation
Tangible fixed assets are measured at cost less accumulated depreciation and any accumulated impairment losses. Depreciation is provided at rates calculated to write off the cost of the fixed assets, less their estimated residual value, over their expected useful lives on the following bases:
Computer Equipment
25% reducing balance
2. Average Number of Employees
Average number of employees, including directors, during the year was as follows: 2 (2020: 2)
3. Tangible Assets
| Cost As at 1 June 2020 As at 31 May 2021 Depreciation As at 1 June 2020 As at 31 May 2021 Net Book Value As at 31 May 2021 As at 1 June 2020 . Debtors Due within one year Trade debtors |
2021 £ 25,000 25,000 |
Computer Equipment £ 1,658 |
|---|---|---|
| 1,658 | ||
| 1,658 | ||
| 1,658 | ||
| - | ||
| - | ||
| 2020 £ 5,000 |
||
| 5,000 |
4. Debtors
Page 7
Physiopedia Notes to the Financial Statements (continued) For The Year Ended 31 May 2021
5. Creditors: Amounts Falling Due Within One Year
| . Creditors: Amounts Falling Due Within One Year |
||
|---|---|---|
| Trade creditors Accruals and deferred income |
2021 £ 3,039 3,153 6,192 |
2020 £ 2,624 3,152 |
| 5,776 |
6. Company limited by guarantee
The company is limited by guarantee and has no share capital.
Every member of the company undertakes to contribute to the assets of the company, in the event of a winding up, such an amount as may be required not exceeding £1.
7. General Information
Physiopedia is a private company, limited by guarantee, incorporated in England & Wales, registered number 08530802. The registered office is 10 Queen Street Place, London, EC4R 1BE.
Page 8
Physiopedia Detailed Income and Expenditure Account For The Year Ended 31 May 2021
| TURNOVER Sales Sponsorship Online courses Marketing services Donations Project income COST OF SALES Travel and subsistence expenses Support and administration costs GROSS SURPLUS Administrative Expenses Computer software, consumables and maintenance Insurance Advertising and marketing costs Exhibitions Website costs Legal fees Professional fees Subscriptions Bank charges Other office costs Sundry expenses OPERATING SURPLUS/(DEFICIT) AND SURPLUS/(DEFICIT) FOR THE FINANCIAL YEAR |
2021 £ £ - - 2,500 5,000 42,161 8,124 57,785 - 38,680 (38,680) 19,105 6,690 437 - 200 6,677 210 790 35 62 1,800 13 (16,914) 2,191 |
2021 £ £ - - 2,500 5,000 42,161 8,124 57,785 - 38,680 (38,680) 19,105 6,690 437 - 200 6,677 210 790 35 62 1,800 13 (16,914) 2,191 |
2020 £ £ 64 5,000 2,500 5,873 33,551 7,919 54,907 972 46,250 (47,222) 7,685 6,413 437 2,924 453 - 210 690 40 53 - - (11,220) (3,535) |
2020 £ £ 64 5,000 2,500 5,873 33,551 7,919 54,907 972 46,250 (47,222) 7,685 6,413 437 2,924 453 - 210 690 40 53 - - (11,220) (3,535) |
|---|---|---|---|---|
| 57,785 (38,680) |
54,907 (47,222) |
|||
| 6,690 437 - 200 6,677 210 790 35 62 1,800 13 |
6,413 437 2,924 453 - 210 690 40 53 - - |
|||
| 19,105 (16,914) |
7,685 (11,220) |
|||
| 2,191 | (3,535) |
Page 9
Independent examiner’s report to the trustees of Physiopedia
I report to the charity trustees on my examination of the accounts of Physiopedia (the Company) for the year ended 31 May 2021.
Responsibilities and basis of report
As the charity’s trustees of the Company (and also its directors for the purposes of company law) you are responsible for the preparation of the accounts in accordance with the requirements of the Companies Act 2006 (‘the 2006 Act’).
Having satisfied myself that the accounts of the Company 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 your charity’s accounts as carried out under section 145 of the Charities Act 2011 (‘the 2011 Act’). In carrying out my examination I have followed the 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 material matters have come to my attention in connection with the examination giving me cause to believe that in any material respect:
-
accounting records were not kept in respect of the Trust as required by section 130 of the Act; or
-
the accounts do not accord with those records.
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 accounts to be reached.
Signed:
Name: Susan Whitter
Relevant professional qualification or membership of professional bodies: ICPA (Fellow)
Address: 3602 route du Plateau d’Assy, 74190 PASSY, France Date: 13/02/2022