mohs workplace health 59th Annual Report 2021-2022
Charity registration number 230407
Company registration number 00731728 (England and Wales)
MOHS WORKPLACE HEALTH LIMITED
ANNUAL REPORT AND FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2022
MOHS WORKPLACE HEALTH LIMITED
LEGAL AND ADMINISTRATIVE INFORMATION
| Directors | Mr D A Lynam |
|---|---|
| Dr L Leeming-Latham | |
| Mrs H E Hooper | |
| Dr E C McCollum | |
| Mr M J Round | |
| Dr M Cathcart | |
| Mr J A Boulton | |
| Mrs D A Jennings | |
| Charity number | 230407 |
| Company number | 00731728 |
| Principal address | 83 Birmingham Road |
| West Bromwich | |
| West Midlands | |
| B70 6PX | |
| Registered office | Petit House |
| 83 Birmingham Road | |
| West Bromwich | |
| West Midlands | |
| B70 6PX | |
| Auditor | CK Audit |
| No 4 Castle Court 2 | |
| Castlegate Way | |
| Dudley | |
| West Midlands | |
| DY1 4RH |
MOHS WORKPLACE HEALTH LIMITED
CONTENTS
| Page | |
|---|---|
| Trustees' report | 1 - 8 |
| Statement of trustees' responsibilities | 9 |
| Independent auditor's report | 10 - 12 |
| Statement of financial activities | 13 |
| Balance sheet | 14 |
| Statement of cash flows | 15 |
| Notes to the financial statements | 16 - 25 |
MOHS WORKPLACE HEALTH LIMITED
TRUSTEES' REPORT (INCLUDING DIRECTORS' REPORT) FOR THE YEAR ENDED 31 MARCH 2022
The directors present their report and accounts for the year ended 31 March 2022.
The accounts have been prepared in accordance with the accounting policies set out in note 1 to the accounts and comply with the Charity's Governing document, 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 Charity's principal objectives are the promotion and advancement of Occupational Health care for all persons engaged and intending to be engaged, in industry, education and commerce.
The policies adopted to achieve these objectives have been:
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To advance the physical and moral welfare of the working population by the prevention and cure of occupational diseases and injuries.
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To provide services for medical treatment and for the care of sick or injured workers at their place of employment or elsewhere.
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To undertake medical and other teaching in occupational diseases and injuries and in the promotion of occupational health.
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To carry out research and investigation into causes of occupational diseases and injuries and into the means of promoting occupational health.
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To assist such teaching and investigation as set out in 3 and 4 above, by grant of money, payment of fees and otherwise as the service may think fit.
There have been no changes in these policies during the year covered by this report.
Public benefit activities
MOHS’s charitable purpose is the advancement of physical and emotional wellbeing of managed and ad hoc ‘pay as you go’ companies and their employees through the prevention and cure of occupational diseases and injuries, combined with the promotion of the general health and wellbeing of employees in the workplace.
Consequently, all of the occupational health activities that MOHS offers are beneficial for the working population and for those who have since retired.
As a company, we are regularly investing in research, investigation and teaching relating to the causes of occupational diseases and injuries as a means of promoting occupational and environmental health.
Due to the continuing COVID pandemic during this financial period, MOHS were unable to offer the usual opportunities for GP’s and students from local schools, who are interested in a career in medicine, the chance to accompany MOHS representatives on workplace visits to enable them to gain first-hand experience of a leading provider of workplace health services to organisations across the UK.
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MOHS WORKPLACE HEALTH LIMITED
TRUSTEES' REPORT (INCLUDING DIRECTORS' REPORT) (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2022
People update
Arrivals - MOHS staff
Kelly McLuskie Occupational Health Advisor – New to Occupational Health but a valuable addition to the team.
Michelle Hanson – An experienced Screening Technician. Michelle has brought many transferable skills to MOHS which has assisted with adapting service delivery.
Stephanie Lloyd – Typist. Steph is an experienced typist who has greatly assisted the medical admin with compiling the OH Physicians reports
Occupational Health Physicians .
MOHS were delighted to welcome Dr Paul Grime to the position of Clinical Lead. Paul joined MOHS in November 2021 bringing with him a wealth of past experience and knowledge from varying clinical settings.
Occupational Health Doctors
Dr Gurjinder Dhadday, Dr Matthew George and Dr Gaurav Rajput – All are self-employed and so again bring with them a wealth of knowledge from their general practice work.
This brings the team of Doctors to 9, a record for MOHS which enables the waiting time for appointments to be kept to an absolute minimum.
Departures
Sadly this year saw the retirement of Dr Malcolm Cathcart, Clinical Lead Physician. Malcolm had worked for MOHS since 2001 as a senior Occupational Health Physician, with the last 9 years being the Clinical Lead. Happily Malcolm has agreed to remain as a Director of MOHS and so will continue to influence and guide us in this capacity.
Thanks
2021-2022 brought another challenging year for our staff who have had to adapt to varying levels of lockdown and all of the issues this brought with it, new processes that have been implemented, adapting to organising numerous Zoom/Team and Skype meetings along with reacting to the sharp increase in work load as our clients returned.
We would like to thank our employees for their understanding, patience and loyalty through this challenging and uncertain year. Their unfailing commitment to MOHS is one of our unique organisation’s strengths.
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MOHS WORKPLACE HEALTH LIMITED
TRUSTEES' REPORT (INCLUDING DIRECTORS' REPORT) (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2022
Achievements and performance Client Portfolio
Due to the national shortage of nurses MOHS was unable to expand the client base as much as expected due to the lack of resources
COVID-19 continued to impact on all departments of MOHS and our clients some of whom unfortunately did not survive the pandemic. MOHS however achieved some significant new client contracts in the public, private and construction sectors.
The restrictions during the first part of the financial year allowed MOHS the opportunity to continue to streamline the service delivery to meet both MOHS and our clients expectations and requirements.
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Telephone, Skype, Zoom and Teams consultations continued and where requested will continue as part of the long term service delivery strategy. However, towards the end of the financial year once COVID-19 restrictions were lifted many clients and their employees stated a preference to return to face to face consultations. The various options available resulted in more choice for our clients and their employees.
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Once restrictions were relaxed and lifted with the implementation of strict infection control policy and correct PPE MOHS could once again commence health surveillance for our clients. The HSE also gave guidance that Respiratory testing should once again be reintroduced so long as it was performed in a safe environment.
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Mental Health courses – Clients evidenced their commitment to their employees welfare by referring their employees and agreeing to the recommendation of 6 or 8 sessions
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First Aid Training was reintroduced with reduced numbers on each course and all role play removed from the syllabus.
With the change in service delivery as itemised above MOHS returned to almost pre pandemic business levels by the end of the financial year. This was only made possible by the MOHS staff being engaged and keen for MOHS to continue to grow and prosper. All staff have a good relationship with our clients and are eager to work closely with them in assisting them wherever possible.
Quality Assurance
MOHS successfully retained the ISO9001:2015 certification held with BSI and the SEQOHS accreditation both of which are important and coveted professional standards in our industry.
The Training Department also successfully retained the CMA (Centre Managed Assessment) status for delivering First Aid at Work courses.
Staff Qualifications
Remote Hand Arm Vibration courses were attended by all new OH Advisors. All other courses remained suspended due to the pandemic.
Occupational Health Physician Provision
All sessional Doctors who in the previous year had diverted their time to assisting the NHS returned to their regular sessions albeit in the new variety of delivery methods i.e.telephone, face to face Skype, Zoom, Teams etc. to provide expert clinical decision making and cost effective management of the clients employees.
Occupational Health Advisor / Technician provision
By the end of the financial year all clients had welcomed the reintroduction of site visits, however this was dependant on the ability to adhere to the strict infection control policy and the expectations of MOHS in protecting both our staff and their employees.
Construction medicals continued to grow and became a large part of the screening department income.
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MOHS WORKPLACE HEALTH LIMITED
TRUSTEES' REPORT (INCLUDING DIRECTORS' REPORT) (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2022
Training Department
Class numbers continued to be restricted until the social distancing guidance was lifted and additional courses continued to be run to assist the clients with ensuring that they met their legal quota.
Both trainers and students became very creative in finding ways of learning the necessary skills in a safe environment despite the role play restrictions.
The department also supported MOHS in many other ways across its range of expertise including the calibration and repair of equipment and keeping abreast of HSE changes in legislation.
Mental Health Services
Mental Health Awareness for Managers continued to be popular. Issues experienced by Managers had changed from Employees furlough and redundancy issues to fear of returning to the working environment having been isolated at home for such a length of time.
Group support sessions were adopted by some clients for their Managers to have the opportunity to discuss their issues and learn new skills in opening up conversations with Employees during monthly open sessions.
Face to face CBT sessions recommenced in a safe environment with the number of referrals increasing.
There was, and continues to be, a significant increase in demand for these, particularly those suitable for Line Managers as they face an ongoing challenge to support workers throughout the pandemic.
Third Party Referrals
MOHS continued to be the preferred Occupational Health provider for several Health & Safety consultancies, Insurance Brokers, HR and Legal Service providers who recommended our services to those of their clients with Occupational Health needs.
By reviewing the sources of new business enquiries, the second largest pathway is recommendation which all staff should feel very proud of.
Brand Management
MOHS continued to implement corporate image. Regular topical advisory/educational blogs, articles and posts were placed on the following platforms: MOHS website, Linkedin, Facebook and Twitter. This assisted in increasing our audience.
Online Activities
MOHS’s online activities continued to grow. Pay per click (PPC) advertising on Google has been used to complement website content, edited to ensure organic search engine optimisation. Social media platforms also grew in engagement and followers partly as a result of the use of publishing health blogs, particularly regarding mental health. As a result the largest amount of new business enquiries came via the internet. Promotion of MOHS’s flu vaccination clinics for the 2021-2022 flu season were very successful.
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MOHS WORKPLACE HEALTH LIMITED
TRUSTEES' REPORT (INCLUDING DIRECTORS' REPORT) (CONTINUED)
FOR THE YEAR ENDED 31 MARCH 2022
Financial review
The negative impact of Covid-19 began to lift throughout 2021-2022 with trading steadily growing throughout the Financial Year.
Services were slowly reintroduced under strict infection control restrictions and by the end of the Financial Year all services were once again being offered to MOHS’ clients.
The Nursing departments struggled towards the latter part of the financial year due to the National shortage of Nurses.
MOHS continued to closely monitor expenditure to ensure that it remained financially viable
Tight fiscal control and an increase in services provided delivered a total income for the year of £1,654,554 for 2021 - 2022 compared with £1,090,988 for 2020/2021
Reserves Policy
The directors’ aim is to maintain free reserves (those funds not tied up in fixed assets) that the Charity may require to sustain its operations over a period in the event of a severe curtailment of income. The amount of these reserves was increased during this financial year to take inflation into account.
These reserves along with the funds in the current account prior to lockdown proved invaluable to safeguard MOHS during the months where income was reduced.
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MOHS WORKPLACE HEALTH LIMITED
TRUSTEES' REPORT (INCLUDING DIRECTORS' REPORT) (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2022
Plans for future periods Growth Areas
The pandemic has had an unexpected effect on working processes, with many clients and their employees now working from home.
MOHS will continue to offer all formats of consultation such as face-face, Telephone, Skype, Zoom and Teams to ensure that the client and their employees have the best fit for their needs.
MOHS also believes that the need for Mental Health services will remain with the continuing issues of employers and employees experiencing the long-term effects of the COVID pandemic.
MOHS’ Resident Psychotherapist will continue to provide bespoke courses such as advice and assistance with upskilling and equipping HR professionals and line managers with the coping mechanisms to deal safely and effectively with employees who are suffering from anxiety, stress or depression.
Remote mental health training courses and support sessions have proved popular so will be continued and advertised to existing clients.
New Clients
MOHS will continue to target local employers within the West Midlands particularly those in and around the Black Country and those within the construction industry. However, due to remote working processes existing clients who operate nationally and new customers beyond the West Midlands will also be able to receive a quality service.
Digital Activity
The pandemic has dramatically affected all aspects of MOHS’s business, not least its IT strategy. During lockdown and the uncertain months following lifting of restrictions MOHS reviewed and will continue to review the ways in which we deliver our services to clients. Occupational Health solutions continue to be offered at a distance, such as online video assessments, video reviews and referrals and online and web-based health assessments. These alternative methods have now been incorporated into our standard delivery model allowing us to reach more customers, particularly those at a greater distance, even following a return to more traditional practices for the majority of our clients.
MOHS will continue to develop digital solutions to enable us to compete in an ever-changing market whilst meeting our customers’ diverse needs.
As part of its commitment to move to a paperless service, MOHS has commissioned a new Occupational Health Management System from market leaders, Cority. The new system will move much of the Occupational Health documentation online and into the cloud, including assessments and management referrals. There will be a section that allows customers to keep up to date with screening recalls and reports. Along with improvements to scheduling and resource management, the new system will support MOHS as it moves forward towards a modern and flexible service, offering the latest facilities to its customers.
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MOHS WORKPLACE HEALTH LIMITED
TRUSTEES' REPORT (INCLUDING DIRECTORS' REPORT) (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2022
Structure, governance and management
The charity is a company limited by guarantee. Liability of its members is not to exceed 5 pence per member.
The directors who served during the year and up to the date of signature of the financial statements were: Mr D A Lynam
Dr L Leeming-Latham Mrs H E Hooper Dr E C McCollum Mr M J Round Dr M Cathcart Mr J A Boulton Mrs D A Jennings
The directors delegate the day to day running of the Charity to a management team which is headed up by the Chief Executive, Helen Hooper.
The members elect their representatives as directors.
New board members receive an induction to MOHS Workplace Health Limited and the company provides appropriate training in governance and work of the organisation.
The Charity is run from premises in West Bromwich which provide consulting rooms, a psychology suite, training rooms and houses the centre of administration. Some of the services are delivered here by our Occupational Health Physicians, Advisors and Technicians. The majority of Occupational Health provision continues to be undertaken at client’s premises although some are performed remotely.
First Aid at Work Training and Health and Safety provision are provided at our West Bromwich premises and also at clients’ premises, on request.
The Directors have assessed the major risks to which the Charity is exposed and have introduced systems to mitigate foreseeable consequences of the major risks.
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MOHS WORKPLACE HEALTH LIMITED
TRUSTEES' REPORT (INCLUDING DIRECTORS' REPORT) (CONTINUED)
FOR THE YEAR ENDED 31 MARCH 2022
Auditor
In accordance with the company's articles, a resolution proposing that CK Audit be reappointed as auditor of the company will be put at a General Meeting.
Disclosure of information to auditor
Each of the directors has confirmed that there is no information of which they are aware which is relevant to the audit, but of which the charitable company’s auditor is unaware.
They have further confirmed that they have taken all appropriate steps to identify such relevant information and to establish that the auditor is aware of such information.
This concludes the directors' report for this financial year: 2021-2022.
On behalf of the directors
Mr D A Lynam Chairman
13 October 2022
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MOHS WORKPLACE HEALTH LIMITED
STATEMENT OF TRUSTEES' RESPONSIBILITIES
FOR THE YEAR ENDED 31 MARCH 2022
The directors, who also act as trustees for the charitable activities of MOHS Workplace Health Limited, are responsible for preparing the Directors' Report and the accounts in accordance with applicable law and United Kingdom Accounting Standards (United Kingdom Generally Accepted Accounting Practice).
Company Law requires the directors to prepare accounts for each financial year which give a true and fair view of the state of affairs of the charity and of the incoming resources and application of resources, including the income and expenditure, of the charitable company for that year.
In preparing these accounts, the directors are required to:
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select suitable accounting policies and then apply them consistently;
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observe the methods and principles in the Charities SORP;
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make judgements and estimates that are reasonable and prudent;
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state whether applicable UK Accounting Standards have been followed, subject to any material departures disclosed and explained in the accounts; and
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prepare the accounts on the going concern basis unless it is inappropriate to presume that the charity will continue in operation.
The directors are responsible for keeping adequate accounting records that disclose with reasonable accuracy at any time the financial position of the charity to enable them to ensure that the accounts 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.
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MOHS WORKPLACE HEALTH LIMITED
INDEPENDENT AUDITOR'S REPORT
TO THE DIRECTORS OF MOHS WORKPLACE HEALTH LIMITED
Opinion
We have audited the financial statements of MOHS Workplace Health Limited (the ‘charity’) for the year ended 31 March 2022 which comprise the statement of financial activities, the balance sheet, the statement of cash flows and notes to the financial statements, including significant accounting policies. The financial reporting framework that has been applied in their preparation is applicable law and United Kingdom Accounting Standards, including Financial Reporting Standard 102 The Financial Reporting Standard applicable in the UK and Republic of Ireland (United Kingdom Generally Accepted Accounting Practice).
In our opinion, the financial statements:
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give a true and fair view of the state of the charitable company's affairs as at 31 March 2022 and of its incoming resources and application of resources, including its income and expenditure, for the year then ended;
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have been properly prepared in accordance with United Kingdom Generally Accepted Accounting Practice; and
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have been prepared in accordance with the requirements of the Companies Act 2006.
Basis for opinion
We conducted our audit in accordance with International Standards on Auditing (UK) (ISAs (UK)) and applicable law. Our responsibilities under those standards are further described in the Auditor's responsibilities for the audit of the financial statements section of our report. We are independent of the charity in accordance with the ethical requirements that are relevant to our audit of the financial statements in the UK, including the FRC’s Ethical Standard, and we have fulfilled our other ethical responsibilities in accordance with these requirements. We believe that the audit evidence we have obtained is sufficient and appropriate to provide a basis for our opinion.
Conclusions relating to going concern
In auditing the financial statements, we have concluded that the trustees' use of the going concern basis of accounting in the preparation of the financial statements is appropriate.
Based on the work we have performed, we have not identified any material uncertainties relating to events or conditions that, individually or collectively, may cast significant doubt on the charity’s ability to continue as a going concern for a period of at least twelve months from when the financial statements are authorised for issue.
Our responsibilities and the responsibilities of the directors with respect to going concern are described in the relevant sections of this report.
Other information
The other information comprises the information included in the annual report other than the financial statements and our auditor's report thereon. The directors are responsible for the other information contained within the annual report. Our opinion on the financial statements does not cover the other information and, except to the extent otherwise explicitly stated in our report, we do not express any form of assurance conclusion thereon. Our responsibility is to read the other information and, in doing so, consider whether the other information is materially inconsistent with the financial statements or our knowledge obtained in the course of the audit, or otherwise appears to be materially misstated. If we identify such material inconsistencies or apparent material misstatements, we are required to determine whether this gives rise to a material misstatement in the financial statements themselves. If, based on the work we have performed, we conclude that there is a material misstatement of this other information, we are required to report that fact.
We have nothing to report in this regard.
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MOHS WORKPLACE HEALTH LIMITED
INDEPENDENT AUDITOR'S REPORT (CONTINUED) TO THE DIRECTORS OF MOHS WORKPLACE HEALTH LIMITED
Matters on which we are required to report by exception
In the light of the knowledge and understanding of the charity and its environment obtained in the course of the audit, we have not identified material misstatements in the directors' report included within the trustees' report.
We have nothing to report in respect of the following matters in relation to which the Companies Act 2006 requires us to report to you if, in our opinion:
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adequate accounting records have not been kept, or returns adequate for our audit have not been received from branches not visited by us; or
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the financial statements are not in agreement with the accounting records and returns; or
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certain disclosures of trustees' remuneration specified by law are not made; or
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we have not received all the information and explanations we require for our audit; or
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the directors were not entitled to prepare the financial statements in accordance with the small companies regime and take advantage of the small companies' exemptions in preparing the trustees' report and from the requirement to prepare a strategic report.
Responsibilities of directors
As explained more fully in the statement of trustees' responsibilities, the directors are responsible for the preparation of the financial statements and for being satisfied that they give a true and fair view, and for such internal control as the directors determine is necessary to enable the preparation of financial statements that are free from material misstatement, whether due to fraud or error. In preparing the financial statements, the directors are responsible for assessing the charity’s ability to continue as a going concern, disclosing, as applicable, matters related to going concern and using the going concern basis of accounting unless the directors either intend to liquidate the charitable company or to cease operations, or have no realistic alternative but to do so.
Auditor's responsibilities for the audit of the financial statements
Our objectives are to obtain reasonable assurance about whether the financial statements as a whole are free from material misstatement, whether due to fraud or error, and to issue an auditor's report that includes our opinion. Reasonable assurance is a high level of assurance but is not a guarantee that an audit conducted in accordance with ISAs (UK) will always detect a material misstatement when it exists. Misstatements can arise from fraud or error and are considered material if, individually or in the aggregate, they could reasonably be expected to influence the economic decisions of users taken on the basis of these financial statements.
The extent to which our procedures are capable of detecting irregularities, including fraud, is detailed below.
Extent to which the audit was considered capable of detecting irregularities, including fraud
We identified and assessed the risks of material misstatement of the financial statements, in respect of irregularities whether due to fraud or error, or non compliance with laws and regulations and then designed and performed audit procedures responsive to those risks, including obtaining audit evidence that is sufficient and appropriate to provide a basis for our opinion.
In identifying and assessing risks of material misstatement in respect of irregularities, including fraud and noncompliance with laws and regulations, our procedures included the following:
We obtained an understanding of the legal and regulatory frameworks that are applicable to the Charity by discussion and enquiry with the directors and management team and our general knowledge and experience of the charity.
We focused on specific laws and regulations which we considered may have a direct material effect on the financial statements or the operations of the company, including the Companies Act 2006, taxation legislation, data protection, employment, and health and safety legislation;
We assessed the extent of compliance with the laws and regulations identified above through making enquiries of management, reviewing correspondence with relevant regulators.
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MOHS WORKPLACE HEALTH LIMITED
INDEPENDENT AUDITOR'S REPORT (CONTINUED) TO THE DIRECTORS OF MOHS WORKPLACE HEALTH LIMITED
Audit response to risks identified
We assessed the susceptibility of the Charity’s financial statements to material misstatement, including how fraud might occur. Audit procedures performed included but were not limited to:
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Discussions with directors and management as to where they considered there was susceptibility to fraud, their knowledge of actual, suspected and alleged fraud;
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Confirming our understanding of controls by performing a walk through test or observation and enquiry;
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Performing analytical procedures to identify any unusual or unexpected relationships;
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Challenging assumptions and judgements made by management in accounting for long term construction contracts including recognition of income and estimation of costs to complete;
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Identifying and testing journal entries;
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Reviewing unusual or unexpected transactions; and
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Agreeing the financial statement disclosures to underlying supporting documentation.
Owing to the inherent limitations of an audit, there is an unavoidable risk that we may not have detected some material misstatements in the financial statements, even though we have properly planned and performed our audit in accordance with auditing standards. The more removed that laws and regulations are from financial transactions, the less likely it is that we would become aware of non-compliance. Auditing standards also limit the audit procedures required to identify non-compliance with laws and regulations to enquiry of the directors and other management and the inspection of regulatory and legal correspondence, if any.
Material misstatements that arise due to fraud can be harder to detect than those that arise from error as they may involve deliberate concealment or collusion.
A further description of our responsibilities is available on the Financial Reporting Council’s website at: https:// www.frc.org.uk/auditorsresponsibilities. This description forms part of our auditor's report.
Use of our report
This report is made solely to the company’s members, as a body, in accordance with section 391 of the Companies Act 2014. Our audit work has been undertaken so that we might state to the company’s members those matters we are required to state to them in an auditor's report and for no other purpose. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than the company and the company’s members as a body, for our audit work, for this report, or for the opinions we have formed.
Wendy Davies (Senior Statutory Auditor) for and on behalf of CK Audit
13 September 2022
Chartered Accountants Statutory Auditor
No 4 Castle Court 2 Castlegate Way Dudley West Midlands DY1 4RH
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MOHS WORKPLACE HEALTH LIMITED
STATEMENT OF FINANCIAL ACTIVITIES INCLUDING INCOME AND EXPENDITURE ACCOUNT
FOR THE YEAR ENDED 31 MARCH 2022
| Unrestricted Endowment funds funds 2022 2022 Notes £ £ Income from: Donations and legacies 3 10,253 - Charitable activities 4 1,654,554 - Investments 5 28 - Total income 1,664,835 - Expenditure on: Charitable activities 6 1,608,618 - Net income/(expenditure) for the year/ Net movement in funds 56,217 - Fund balances at 1 April 2021 1,467,280 40,172 Fund balances at 31 March 2022 1,523,497 40,172 |
Total 2022 £ 10,253 1,654,554 28 1,664,835 1,608,618 56,217 1,507,452 1,563,669 |
Total 2021 £ 308,820 1,090,988 64 1,399,872 1,576,481 (176,609) 1,684,061 1,507,452 |
|---|---|---|
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.
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MOHS WORKPLACE HEALTH LIMITED
BALANCE SHEET
AS AT 31 MARCH 2022
| Notes Fixed assets Tangible assets 10 Current assets Debtors 12 Cash at bank and in hand Creditors: amounts falling due within one year 14 Net current assets Total assets less current liabilities Capital funds Endowment funds - general Income funds Unrestricted funds General unrestricted funds Revaluation reserve |
2022 £ £ 1,034,415 294,448 401,091 695,539 (166,285) 529,254 1,563,669 40,172 1,511,166 12,331 1,523,497 1,563,669 |
2021 £ £ 1,103,611 244,274 393,251 637,525 (233,684) 403,841 1,507,452 40,172 1,454,949 12,331 1,467,280 1,507,452 |
2021 £ £ 1,103,611 244,274 393,251 637,525 (233,684) 403,841 1,507,452 40,172 1,454,949 12,331 1,467,280 1,507,452 |
|---|---|---|---|
| 1,507,452 | |||
| 40,172 1,467,280 |
|||
| 1,507,452 |
The financial statements were approved by the Directors on 13 September 2022
Mr D A Lynam Trustee
Company registration number 00731728
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MOHS WORKPLACE HEALTH LIMITED
STATEMENT OF CASH FLOWS FOR THE YEAR ENDED 31 MARCH 2022
| 2022 Notes £ £ Cash flows from operating activities Cash generated from/(absorbed by) operations 18 110,131 Investing activities Purchase of tangible fixed assets (2,318) Proceeds on disposal of tangible fixed assets - Interest received 28 Net cash (used in)/generated from investing activities (2,290) Financing activities Proceeds of new bank loans - Repayment of bank loans (100,000) Net cash (used in)/generated from financing activities (100,000) Net increase in cash and cash equivalents 7,841 Cash and cash equivalents at beginning of year 393,251 Cash and cash equivalents at end of year 401,091 |
2021 £ - 200 64 100,000 - |
£ (35,999) 264 100,000 64,265 328,986 393,251 |
|---|---|---|
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MOHS WORKPLACE HEALTH LIMITED
NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2022
1 Accounting policies
Charity information
MOHS Workplace Health Limited is a private company limited by guarantee incorporated in England and Wales. The registered office is Petit House, 83 Birmingham Road, West Bromwich, West Midlands, B70 6PX.
1.1 Accounting convention
The financial statements have been prepared in accordance with the charity's governing document, 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 financial statements are prepared in sterling, which is the functional currency of the charity. Monetary amounts in these financial statements are rounded to the nearest £.
The financial statements have been prepared under the historical cost convention, modified to include the revaluation of freehold properties at fair value. The principal accounting policies adopted are set out below.
1.2 Charitable funds
Unrestricted funds are available for use at the discretion of the directors in furtherance of the general objectives of the charity. Unrestricted funds include a revaluation reserve representing the restatement of freehold property at market value.
Endowment funds are subject to specific conditions by donors that the capital must be maintained by the charity.
1.3 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.
1.4 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.
Expenditure is recognised on an accrual basis as a liability is incurred. The company operates a partially exempt vat scheme. Irrecoverable vat is written off in the year as an administrative expense.
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MOHS WORKPLACE HEALTH LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2022
1 Accounting policies
(Continued)
1.5 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:
Land and buildings 2% straight line Plant and machinery 25% straight line Fixtures, fittings & equipment 25% reducing balance Motor vehicles 25% 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.
Properties whose fair value can be measured reliably are held under the revaluation model and are carried at a revalued amount, plus any additions after the last obtained professional valuation, less any subsequent accumulated depreciation. The fair value is reviewed on an annual basis by the Trustees.
Revaluation gains and losses are recognised in other recognised gains and losses and accumulated in equity, except to the extent that a revaluation gain reverses a revaluation loss previously recognised in net income/ (expenditure) or a revaluation loss exceeds the accumulated revaluation gains recognised in equity; such gains and loss are recognised in the SOFA for the year.
1.6 Impairment of fixed assets
At each reporting end date, the charity reviews the carrying amounts of its tangible assets to determine whether there is any indication that those assets have suffered an impairment loss. If any such indication exists, the recoverable amount of the asset is estimated in order to determine the extent of the impairment loss (if any).
1.7 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.
1.8 Financial instruments
The charity has elected to apply the provisions of Section 11 ‘Basic Financial Instruments’ and Section 12 ‘Other Financial Instruments Issues’ of FRS 102 to all of its financial instruments.
Financial instruments are recognised in the charity's balance sheet when the charity becomes party to the contractual provisions of the instrument.
Financial assets and liabilities are offset, with the net amounts presented in the financial statements, when there is a legally enforceable right to set off the recognised amounts and there is an intention to settle on a net basis or to realise the asset and settle the liability simultaneously.
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.
- 17 -
MOHS WORKPLACE HEALTH LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2022
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 payments 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.
Derecognition of financial liabilities
Financial liabilities are derecognised when the charity’s contractual obligations expire or are discharged or cancelled.
1.9 Employee benefits
The cost of any unused holiday entitlement is recognised in the period in which the employee’s services are received.
Termination benefits are recognised immediately as an expense when the charity is demonstrably committed to terminate the employment of an employee or to provide termination benefits.
1.10 Retirement benefits
The charity operates a defined contributions pension scheme. Contributions are charged in the accounts as they become payable in accordance with the rules of the scheme.
1.11 Debtors
Trade and other debtors are recognised at the settlement amount due after any trade discount offered. Prepayments are valued at the amount prepaid after taking accounts of any trade discounts due.
1.12 Creditors and provisions
Creditors and provisions are recognised where the charity has a present obligation resulting from a past event that will probably result in the transfer of funds to a third party and the amount due to settle the obligation can be measured or estimated reliably. Creditors and provisions are normally recognised at their settlement amount after allowing for any trade discounts due.
2 Critical accounting estimates and judgements
In the application of the charity’s accounting policies, the directors 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.
- 18 -
MOHS WORKPLACE HEALTH LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2022
2 Critical accounting estimates and judgements
(Continued)
Key sources of estimation uncertainty
Tangible fixed assets
The useful economic lives of non-current assets (excluding property) have been derived from the judgement of the Directors, using their best estimate of write-down period.
Bad debts
A bad debt provision is set up when the likelihood of recovering the debt is diminished. The level of provision will be based on any current repayment plan entered into and which is being adhered to by the debtor, together with an estimate of the likelihood of the amounts due being fully recovered.
Property valuation
Land and buildings are valued based on the last professional valuation carried out in August 2017 adjusted for additions and depreciation since that date. The directors do not consider the current market value to be materially different to the net book value.
3 Donations and legacies
| **Unrestricted ** | Unrestricted | |
|---|---|---|
| funds | funds | |
| 2022 | 2021 | |
| £ | £ | |
| CJRS government grants | 10,253 | 308,820 |
4 Charitable activities
| 2022 | 2021 | |
|---|---|---|
| £ | £ | |
| Income from occupational health services | 1,654,554 | 1,090,988 |
5 Investments
| Unrestricted | Total | |
|---|---|---|
| funds | ||
| 2022 | 2021 | |
| £ | £ | |
| Interest receivable | 28 | 64 |
- 19 -
MOHS WORKPLACE HEALTH LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2022
6 Charitable activities
| Workplace | Workplace | |
|---|---|---|
| Health | Health | |
| Service | Service | |
| 2022 | 2021 | |
| £ | £ | |
| Staff costs | 417,771 | 555,544 |
| Depreciation and impairment | 8,933 | 9,008 |
| Direct costs | 110,629 | 81,522 |
| Consultants | 359,196 | 244,961 |
| Staff training | 550 | - |
| Cars | 26,052 | 13,297 |
| 923,131 | 904,332 | |
| Share of support costs (see note 7) | 603,917 | 592,153 |
| Share of governance costs (see note 7) | 81,570 | 79,996 |
| 1,608,618 | 1,576,481 |
7 Support costs
| Staff costs Depreciation Premises Phone/postage Marketing Laundry Other staff costs Unrecovered VAT Bad debts Sundries Bank charges Audit fees Legal and professional Analysed between Charitable activities |
Support costs Governance costs £ £ 352,446 68,162 62,582 - 90,112 - 22,104 - 12,965 - 14,498 - 18,181 - 25,544 - (34) - 3,751 - 1,768 - - 6,275 - 7,133 603,917 81,570 603,918 81,570 |
2022 £ 420,608 62,582 90,112 22,104 12,965 14,498 18,181 25,544 (34) 3,751 1,768 6,275 7,133 685,487 685,487 |
2021 £ 460,787 61,847 87,357 20,582 8,866 7,620 60 17,344 (8,491) 1,645 1,448 6,275 6,809 672,149 672,149 |
|---|---|---|---|
Governance costs includes payments to the auditors of £6,275 (2021- £6,275) for audit fees.
- 20 -
MOHS WORKPLACE HEALTH LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2022
8 Directors
The Articles of Association were amended in the year to 31 March 2011 to enable employees to be appointed to the Board. The remuneration of these directors relate to their roles as employees, they are not remunerated for the role as directors.
9 Employees
The average monthly number of employees during the year was:
| Doctors Management Administration Health Screen Technicians Health & Safety Trainers Occupational Health Advisors Marketing Total Employment costs Wages and salaries Social security costs Other pension costs The number of employees whose annual remuneration was more than £60,000 is as follows: £60,001 to £70,000 |
2022 Number 1 1 10 2 2 7 1 24 2022 £ 736,487 71,260 30,632 838,379 2022 Number 1 |
2021 Number 1 1 9 4 3 11 1 |
|---|---|---|
| 30 | ||
| 2021 £ 902,287 76,852 37,192 |
||
| 1,016,331 | ||
| 2021 Number - |
Of the employees whose emoluments exceed £60,000, 1 has retirement benefits accruing under defined benefit pension schemes.
- 21 -
MOHS WORKPLACE HEALTH LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2022
10 Tangible fixed assets
| Cost or valuation At 1 April 2021 Additions At 31 March 2022 Depreciation and impairment At 1 April 2021 Depreciation charged in the year At 31 March 2022 Carrying amount At 31 March 2022 At 31 March 2021 |
Land and buildings £ 1,037,522 - 1,037,522 57,651 16,285 73,936 963,586 979,871 |
Plant and machinery £ 136,203 1,115 137,318 130,778 2,712 133,490 3,828 5,425 |
Fixtures, fittings & equipment Motor vehicles £ £ 491,568 104,693 1,203 - 492,771 104,693 391,748 86,198 46,296 6,221 438,044 92,419 54,727 12,274 99,820 18,495 |
Total £ 1,769,986 2,318 |
|---|---|---|---|---|
| 1,772,304 | ||||
| 666,375 71,514 |
||||
| 737,889 | ||||
| 1,034,415 | ||||
| 1,103,611 |
Land and buildings are valued based on the last professional valuation carried out in August 2017 adjusted for additions and depreciation since that date. The directors do not consider the current market value to be materially different to the net book value.
At 31 March 2022, had the revalued assets been carried at historic cost less accumulated depreciation and accumulated impairment losses, their carrying amount would have been approximately £951,254 (2021 - £967,539).
| 11 Financial instruments Carrying amount of financial assets Debt instruments measured at amortised cost Carrying amount of financial liabilities Measured at amortised cost 12 Debtors Amounts falling due within one year: Trade debtors Prepayments and accrued income |
2022 £ 291,167 109,519 2022 £ 291,167 3,281 294,448 |
2021 £ 243,187 |
|---|---|---|
| 185,596 | ||
| 2021 £ 243,187 1,087 |
||
| 244,274 |
- 22 -
MOHS WORKPLACE HEALTH LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 MARCH 2022
13 Loans and overdrafts
| Bank loans Payable within one year 14 Creditors: amounts falling due within one year Bank loans Other taxation and social security Trade creditors Accruals and deferred income 15 Analysis of net assets between funds Unrestricted funds Endowment funds 2022 2022 £ £ Fund balances at 31 March 2022 are represented by: Tangible assets 994,243 40,172 Current assets/(liabilities) 529,254 - 1,523,497 40,172 |
2022 £ - - 2022 Notes £ 13 - 56,766 94,719 14,800 166,285 Total Unrestricted funds Endowment funds 2022 2021 2021 £ £ £ 1,074,587 1,103,611 40,172 529,254 403,841 - 1,603,841 1,507,452 40,172 |
2021 £ 100,000 |
|---|---|---|
| 100,000 | ||
| 2021 £ 100,000 48,088 70,058 15,538 |
||
| 233,684 | ||
| Total 2021 £ 1,143,783 403,841 |
||
| 1,547,624 |
- 23 -
MOHS WORKPLACE HEALTH LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2022
16 Operating lease commitments
At the reporting end date the charity had outstanding commitments for future minimum lease payments under non-cancellable operating leases, which fall due as follows:
| Within one year Between two and five years |
2022 £ 2,779 9,958 12,737 |
2021 £ 2,886 - |
|---|---|---|
| 2,886 |
The operating leases represent leases from third parties. The leases are negotiated over terms of 3 - 5 years and rentals are fixed for that time.
17 Related party transactions
Remuneration of key management personnel
During the year the charity entered into the following transactions with related parties:
| 2022 | 2021 | |
|---|---|---|
| £ | £ | |
| Aggregate compensation | 130,196 | 121,774 |
Included in the above is the Chief Executive and the Chief Occupational Health Advisor.
Transactions with related parties
During the year one of the directors invoiced MOHS Workplace Health Limited for consultant services to the value of £38,701 (2021 - £17,627). At the year-end a balance of £4,432 (2021 - £2,594) was owed to one of the directors.
Another director invoiced the Company for consultant services to the value of £42,218 (2021 - £56,634). At the year-end a balance of £0 (2021 - £5,986) was owed to one of the directors.
- 24 -
MOHS WORKPLACE HEALTH LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 MARCH 2022
| 18 | Cash generated from operations | 2022 | 2021 | |
|---|---|---|---|---|
| £ | £ | |||
| Surplus/(deficit) for the year | 56,217 | (176,609) | ||
| Adjustments for: | ||||
| Investment income recognised in statement of financial activities | (28) | (64) | ||
| (Gain)/loss on disposal of tangible fixed assets | - | 192 | ||
| Depreciation and impairment of tangible fixed assets | 71,515 | 70,663 | ||
| Movements in working capital: | ||||
| (Increase)/decrease in debtors | (50,174) | 79,064 | ||
| Increase/(decrease) in creditors | 32,601 | (9,245) | ||
| Cash generated from/(absorbed by) operations | 110,131 | (35,999) | ||
| 19 | Analysis of changes in net funds | |||
| At 1 April 2021 | Cash flowsAt 31 March 2022 | |||
| £ | £ | £ | ||
| Cash at bank and in hand | 393,251 | 7,840 | 401,091 | |
| Loans falling due within one year | (100,000) | 100,000 | - | |
| 293,251 | 107,840 | 401,091 |
- 25 -
MOHS WORKPLACE HEALTH LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 MARCH 2021
MOHS Workplace Health Ltd I 83 Birmingham Road I West Bromwich B70 6PX
- 25 -
mohs workplace health 59th Annual Report 2021-2022
Charity registration number 230407
Company registration number 00731728 (England and Wales)
MOHS WORKPLACE HEALTH LIMITED
ANNUAL REPORT AND FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2022
MOHS WORKPLACE HEALTH LIMITED
LEGAL AND ADMINISTRATIVE INFORMATION
| Directors | Mr D A Lynam |
|---|---|
| Dr L Leeming-Latham | |
| Mrs H E Hooper | |
| Dr E C McCollum | |
| Mr M J Round | |
| Dr M Cathcart | |
| Mr J A Boulton | |
| Mrs D A Jennings | |
| Charity number | 230407 |
| Company number | 00731728 |
| Principal address | 83 Birmingham Road |
| West Bromwich | |
| West Midlands | |
| B70 6PX | |
| Registered office | Petit House |
| 83 Birmingham Road | |
| West Bromwich | |
| West Midlands | |
| B70 6PX | |
| Auditor | CK Audit |
| No 4 Castle Court 2 | |
| Castlegate Way | |
| Dudley | |
| West Midlands | |
| DY1 4RH |
MOHS WORKPLACE HEALTH LIMITED
CONTENTS
| Page | |
|---|---|
| Trustees' report | 1 - 8 |
| Statement of trustees' responsibilities | 9 |
| Independent auditor's report | 10 - 12 |
| Statement of financial activities | 13 |
| Balance sheet | 14 |
| Statement of cash flows | 15 |
| Notes to the financial statements | 16 - 25 |
MOHS WORKPLACE HEALTH LIMITED
TRUSTEES' REPORT (INCLUDING DIRECTORS' REPORT) FOR THE YEAR ENDED 31 MARCH 2022
The directors present their report and accounts for the year ended 31 March 2022.
The accounts have been prepared in accordance with the accounting policies set out in note 1 to the accounts and comply with the Charity's Governing document, 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 Charity's principal objectives are the promotion and advancement of Occupational Health care for all persons engaged and intending to be engaged, in industry, education and commerce.
The policies adopted to achieve these objectives have been:
-
To advance the physical and moral welfare of the working population by the prevention and cure of occupational diseases and injuries.
-
To provide services for medical treatment and for the care of sick or injured workers at their place of employment or elsewhere.
-
To undertake medical and other teaching in occupational diseases and injuries and in the promotion of occupational health.
-
To carry out research and investigation into causes of occupational diseases and injuries and into the means of promoting occupational health.
-
To assist such teaching and investigation as set out in 3 and 4 above, by grant of money, payment of fees and otherwise as the service may think fit.
There have been no changes in these policies during the year covered by this report.
Public benefit activities
MOHS’s charitable purpose is the advancement of physical and emotional wellbeing of managed and ad hoc ‘pay as you go’ companies and their employees through the prevention and cure of occupational diseases and injuries, combined with the promotion of the general health and wellbeing of employees in the workplace.
Consequently, all of the occupational health activities that MOHS offers are beneficial for the working population and for those who have since retired.
As a company, we are regularly investing in research, investigation and teaching relating to the causes of occupational diseases and injuries as a means of promoting occupational and environmental health.
Due to the continuing COVID pandemic during this financial period, MOHS were unable to offer the usual opportunities for GP’s and students from local schools, who are interested in a career in medicine, the chance to accompany MOHS representatives on workplace visits to enable them to gain first-hand experience of a leading provider of workplace health services to organisations across the UK.
- 1 -
MOHS WORKPLACE HEALTH LIMITED
TRUSTEES' REPORT (INCLUDING DIRECTORS' REPORT) (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2022
People update
Arrivals - MOHS staff
Kelly McLuskie Occupational Health Advisor – New to Occupational Health but a valuable addition to the team.
Michelle Hanson – An experienced Screening Technician. Michelle has brought many transferable skills to MOHS which has assisted with adapting service delivery.
Stephanie Lloyd – Typist. Steph is an experienced typist who has greatly assisted the medical admin with compiling the OH Physicians reports
Occupational Health Physicians .
MOHS were delighted to welcome Dr Paul Grime to the position of Clinical Lead. Paul joined MOHS in November 2021 bringing with him a wealth of past experience and knowledge from varying clinical settings.
Occupational Health Doctors
Dr Gurjinder Dhadday, Dr Matthew George and Dr Gaurav Rajput – All are self-employed and so again bring with them a wealth of knowledge from their general practice work.
This brings the team of Doctors to 9, a record for MOHS which enables the waiting time for appointments to be kept to an absolute minimum.
Departures
Sadly this year saw the retirement of Dr Malcolm Cathcart, Clinical Lead Physician. Malcolm had worked for MOHS since 2001 as a senior Occupational Health Physician, with the last 9 years being the Clinical Lead. Happily Malcolm has agreed to remain as a Director of MOHS and so will continue to influence and guide us in this capacity.
Thanks
2021-2022 brought another challenging year for our staff who have had to adapt to varying levels of lockdown and all of the issues this brought with it, new processes that have been implemented, adapting to organising numerous Zoom/Team and Skype meetings along with reacting to the sharp increase in work load as our clients returned.
We would like to thank our employees for their understanding, patience and loyalty through this challenging and uncertain year. Their unfailing commitment to MOHS is one of our unique organisation’s strengths.
- 2 -
MOHS WORKPLACE HEALTH LIMITED
TRUSTEES' REPORT (INCLUDING DIRECTORS' REPORT) (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2022
Achievements and performance Client Portfolio
Due to the national shortage of nurses MOHS was unable to expand the client base as much as expected due to the lack of resources
COVID-19 continued to impact on all departments of MOHS and our clients some of whom unfortunately did not survive the pandemic. MOHS however achieved some significant new client contracts in the public, private and construction sectors.
The restrictions during the first part of the financial year allowed MOHS the opportunity to continue to streamline the service delivery to meet both MOHS and our clients expectations and requirements.
-
Telephone, Skype, Zoom and Teams consultations continued and where requested will continue as part of the long term service delivery strategy. However, towards the end of the financial year once COVID-19 restrictions were lifted many clients and their employees stated a preference to return to face to face consultations. The various options available resulted in more choice for our clients and their employees.
-
Once restrictions were relaxed and lifted with the implementation of strict infection control policy and correct PPE MOHS could once again commence health surveillance for our clients. The HSE also gave guidance that Respiratory testing should once again be reintroduced so long as it was performed in a safe environment.
-
Mental Health courses – Clients evidenced their commitment to their employees welfare by referring their employees and agreeing to the recommendation of 6 or 8 sessions
-
First Aid Training was reintroduced with reduced numbers on each course and all role play removed from the syllabus.
With the change in service delivery as itemised above MOHS returned to almost pre pandemic business levels by the end of the financial year. This was only made possible by the MOHS staff being engaged and keen for MOHS to continue to grow and prosper. All staff have a good relationship with our clients and are eager to work closely with them in assisting them wherever possible.
Quality Assurance
MOHS successfully retained the ISO9001:2015 certification held with BSI and the SEQOHS accreditation both of which are important and coveted professional standards in our industry.
The Training Department also successfully retained the CMA (Centre Managed Assessment) status for delivering First Aid at Work courses.
Staff Qualifications
Remote Hand Arm Vibration courses were attended by all new OH Advisors. All other courses remained suspended due to the pandemic.
Occupational Health Physician Provision
All sessional Doctors who in the previous year had diverted their time to assisting the NHS returned to their regular sessions albeit in the new variety of delivery methods i.e.telephone, face to face Skype, Zoom, Teams etc. to provide expert clinical decision making and cost effective management of the clients employees.
Occupational Health Advisor / Technician provision
By the end of the financial year all clients had welcomed the reintroduction of site visits, however this was dependant on the ability to adhere to the strict infection control policy and the expectations of MOHS in protecting both our staff and their employees.
Construction medicals continued to grow and became a large part of the screening department income.
- 3 -
MOHS WORKPLACE HEALTH LIMITED
TRUSTEES' REPORT (INCLUDING DIRECTORS' REPORT) (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2022
Training Department
Class numbers continued to be restricted until the social distancing guidance was lifted and additional courses continued to be run to assist the clients with ensuring that they met their legal quota.
Both trainers and students became very creative in finding ways of learning the necessary skills in a safe environment despite the role play restrictions.
The department also supported MOHS in many other ways across its range of expertise including the calibration and repair of equipment and keeping abreast of HSE changes in legislation.
Mental Health Services
Mental Health Awareness for Managers continued to be popular. Issues experienced by Managers had changed from Employees furlough and redundancy issues to fear of returning to the working environment having been isolated at home for such a length of time.
Group support sessions were adopted by some clients for their Managers to have the opportunity to discuss their issues and learn new skills in opening up conversations with Employees during monthly open sessions.
Face to face CBT sessions recommenced in a safe environment with the number of referrals increasing.
There was, and continues to be, a significant increase in demand for these, particularly those suitable for Line Managers as they face an ongoing challenge to support workers throughout the pandemic.
Third Party Referrals
MOHS continued to be the preferred Occupational Health provider for several Health & Safety consultancies, Insurance Brokers, HR and Legal Service providers who recommended our services to those of their clients with Occupational Health needs.
By reviewing the sources of new business enquiries, the second largest pathway is recommendation which all staff should feel very proud of.
Brand Management
MOHS continued to implement corporate image. Regular topical advisory/educational blogs, articles and posts were placed on the following platforms: MOHS website, Linkedin, Facebook and Twitter. This assisted in increasing our audience.
Online Activities
MOHS’s online activities continued to grow. Pay per click (PPC) advertising on Google has been used to complement website content, edited to ensure organic search engine optimisation. Social media platforms also grew in engagement and followers partly as a result of the use of publishing health blogs, particularly regarding mental health. As a result the largest amount of new business enquiries came via the internet. Promotion of MOHS’s flu vaccination clinics for the 2021-2022 flu season were very successful.
- 4 -
MOHS WORKPLACE HEALTH LIMITED
TRUSTEES' REPORT (INCLUDING DIRECTORS' REPORT) (CONTINUED)
FOR THE YEAR ENDED 31 MARCH 2022
Financial review
The negative impact of Covid-19 began to lift throughout 2021-2022 with trading steadily growing throughout the Financial Year.
Services were slowly reintroduced under strict infection control restrictions and by the end of the Financial Year all services were once again being offered to MOHS’ clients.
The Nursing departments struggled towards the latter part of the financial year due to the National shortage of Nurses.
MOHS continued to closely monitor expenditure to ensure that it remained financially viable
Tight fiscal control and an increase in services provided delivered a total income for the year of £1,654,554 for 2021 - 2022 compared with £1,090,988 for 2020/2021
Reserves Policy
The directors’ aim is to maintain free reserves (those funds not tied up in fixed assets) that the Charity may require to sustain its operations over a period in the event of a severe curtailment of income. The amount of these reserves was increased during this financial year to take inflation into account.
These reserves along with the funds in the current account prior to lockdown proved invaluable to safeguard MOHS during the months where income was reduced.
- 5 -
MOHS WORKPLACE HEALTH LIMITED
TRUSTEES' REPORT (INCLUDING DIRECTORS' REPORT) (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2022
Plans for future periods Growth Areas
The pandemic has had an unexpected effect on working processes, with many clients and their employees now working from home.
MOHS will continue to offer all formats of consultation such as face-face, Telephone, Skype, Zoom and Teams to ensure that the client and their employees have the best fit for their needs.
MOHS also believes that the need for Mental Health services will remain with the continuing issues of employers and employees experiencing the long-term effects of the COVID pandemic.
MOHS’ Resident Psychotherapist will continue to provide bespoke courses such as advice and assistance with upskilling and equipping HR professionals and line managers with the coping mechanisms to deal safely and effectively with employees who are suffering from anxiety, stress or depression.
Remote mental health training courses and support sessions have proved popular so will be continued and advertised to existing clients.
New Clients
MOHS will continue to target local employers within the West Midlands particularly those in and around the Black Country and those within the construction industry. However, due to remote working processes existing clients who operate nationally and new customers beyond the West Midlands will also be able to receive a quality service.
Digital Activity
The pandemic has dramatically affected all aspects of MOHS’s business, not least its IT strategy. During lockdown and the uncertain months following lifting of restrictions MOHS reviewed and will continue to review the ways in which we deliver our services to clients. Occupational Health solutions continue to be offered at a distance, such as online video assessments, video reviews and referrals and online and web-based health assessments. These alternative methods have now been incorporated into our standard delivery model allowing us to reach more customers, particularly those at a greater distance, even following a return to more traditional practices for the majority of our clients.
MOHS will continue to develop digital solutions to enable us to compete in an ever-changing market whilst meeting our customers’ diverse needs.
As part of its commitment to move to a paperless service, MOHS has commissioned a new Occupational Health Management System from market leaders, Cority. The new system will move much of the Occupational Health documentation online and into the cloud, including assessments and management referrals. There will be a section that allows customers to keep up to date with screening recalls and reports. Along with improvements to scheduling and resource management, the new system will support MOHS as it moves forward towards a modern and flexible service, offering the latest facilities to its customers.
- 6 -
MOHS WORKPLACE HEALTH LIMITED
TRUSTEES' REPORT (INCLUDING DIRECTORS' REPORT) (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2022
Structure, governance and management
The charity is a company limited by guarantee. Liability of its members is not to exceed 5 pence per member.
The directors who served during the year and up to the date of signature of the financial statements were: Mr D A Lynam
Dr L Leeming-Latham Mrs H E Hooper Dr E C McCollum Mr M J Round Dr M Cathcart Mr J A Boulton Mrs D A Jennings
The directors delegate the day to day running of the Charity to a management team which is headed up by the Chief Executive, Helen Hooper.
The members elect their representatives as directors.
New board members receive an induction to MOHS Workplace Health Limited and the company provides appropriate training in governance and work of the organisation.
The Charity is run from premises in West Bromwich which provide consulting rooms, a psychology suite, training rooms and houses the centre of administration. Some of the services are delivered here by our Occupational Health Physicians, Advisors and Technicians. The majority of Occupational Health provision continues to be undertaken at client’s premises although some are performed remotely.
First Aid at Work Training and Health and Safety provision are provided at our West Bromwich premises and also at clients’ premises, on request.
The Directors have assessed the major risks to which the Charity is exposed and have introduced systems to mitigate foreseeable consequences of the major risks.
- 7 -
MOHS WORKPLACE HEALTH LIMITED
TRUSTEES' REPORT (INCLUDING DIRECTORS' REPORT) (CONTINUED)
FOR THE YEAR ENDED 31 MARCH 2022
Auditor
In accordance with the company's articles, a resolution proposing that CK Audit be reappointed as auditor of the company will be put at a General Meeting.
Disclosure of information to auditor
Each of the directors has confirmed that there is no information of which they are aware which is relevant to the audit, but of which the charitable company’s auditor is unaware.
They have further confirmed that they have taken all appropriate steps to identify such relevant information and to establish that the auditor is aware of such information.
This concludes the directors' report for this financial year: 2021-2022.
On behalf of the directors
Mr D A Lynam Chairman
13 October 2022
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MOHS WORKPLACE HEALTH LIMITED
STATEMENT OF TRUSTEES' RESPONSIBILITIES
FOR THE YEAR ENDED 31 MARCH 2022
The directors, who also act as trustees for the charitable activities of MOHS Workplace Health Limited, are responsible for preparing the Directors' Report and the accounts in accordance with applicable law and United Kingdom Accounting Standards (United Kingdom Generally Accepted Accounting Practice).
Company Law requires the directors to prepare accounts for each financial year which give a true and fair view of the state of affairs of the charity and of the incoming resources and application of resources, including the income and expenditure, of the charitable company for that year.
In preparing these accounts, the directors are required to:
-
select suitable accounting policies and then apply them consistently;
-
observe the methods and principles in the Charities SORP;
-
make judgements and estimates that are reasonable and prudent;
-
state whether applicable UK Accounting Standards have been followed, subject to any material departures disclosed and explained in the accounts; and
-
prepare the accounts on the going concern basis unless it is inappropriate to presume that the charity will continue in operation.
The directors are responsible for keeping adequate accounting records that disclose with reasonable accuracy at any time the financial position of the charity to enable them to ensure that the accounts 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.
- 9 -
MOHS WORKPLACE HEALTH LIMITED
INDEPENDENT AUDITOR'S REPORT
TO THE DIRECTORS OF MOHS WORKPLACE HEALTH LIMITED
Opinion
We have audited the financial statements of MOHS Workplace Health Limited (the ‘charity’) for the year ended 31 March 2022 which comprise the statement of financial activities, the balance sheet, the statement of cash flows and notes to the financial statements, including significant accounting policies. The financial reporting framework that has been applied in their preparation is applicable law and United Kingdom Accounting Standards, including Financial Reporting Standard 102 The Financial Reporting Standard applicable in the UK and Republic of Ireland (United Kingdom Generally Accepted Accounting Practice).
In our opinion, the financial statements:
-
give a true and fair view of the state of the charitable company's affairs as at 31 March 2022 and of its incoming resources and application of resources, including its income and expenditure, for the year then ended;
-
have been properly prepared in accordance with United Kingdom Generally Accepted Accounting Practice; and
-
have been prepared in accordance with the requirements of the Companies Act 2006.
Basis for opinion
We conducted our audit in accordance with International Standards on Auditing (UK) (ISAs (UK)) and applicable law. Our responsibilities under those standards are further described in the Auditor's responsibilities for the audit of the financial statements section of our report. We are independent of the charity in accordance with the ethical requirements that are relevant to our audit of the financial statements in the UK, including the FRC’s Ethical Standard, and we have fulfilled our other ethical responsibilities in accordance with these requirements. We believe that the audit evidence we have obtained is sufficient and appropriate to provide a basis for our opinion.
Conclusions relating to going concern
In auditing the financial statements, we have concluded that the trustees' use of the going concern basis of accounting in the preparation of the financial statements is appropriate.
Based on the work we have performed, we have not identified any material uncertainties relating to events or conditions that, individually or collectively, may cast significant doubt on the charity’s ability to continue as a going concern for a period of at least twelve months from when the financial statements are authorised for issue.
Our responsibilities and the responsibilities of the directors with respect to going concern are described in the relevant sections of this report.
Other information
The other information comprises the information included in the annual report other than the financial statements and our auditor's report thereon. The directors are responsible for the other information contained within the annual report. Our opinion on the financial statements does not cover the other information and, except to the extent otherwise explicitly stated in our report, we do not express any form of assurance conclusion thereon. Our responsibility is to read the other information and, in doing so, consider whether the other information is materially inconsistent with the financial statements or our knowledge obtained in the course of the audit, or otherwise appears to be materially misstated. If we identify such material inconsistencies or apparent material misstatements, we are required to determine whether this gives rise to a material misstatement in the financial statements themselves. If, based on the work we have performed, we conclude that there is a material misstatement of this other information, we are required to report that fact.
We have nothing to report in this regard.
- 10 -
MOHS WORKPLACE HEALTH LIMITED
INDEPENDENT AUDITOR'S REPORT (CONTINUED) TO THE DIRECTORS OF MOHS WORKPLACE HEALTH LIMITED
Matters on which we are required to report by exception
In the light of the knowledge and understanding of the charity and its environment obtained in the course of the audit, we have not identified material misstatements in the directors' report included within the trustees' report.
We have nothing to report in respect of the following matters in relation to which the Companies Act 2006 requires us to report to you if, in our opinion:
-
adequate accounting records have not been kept, or returns adequate for our audit have not been received from branches not visited by us; or
-
the financial statements are not in agreement with the accounting records and returns; or
-
certain disclosures of trustees' remuneration specified by law are not made; or
-
we have not received all the information and explanations we require for our audit; or
-
the directors were not entitled to prepare the financial statements in accordance with the small companies regime and take advantage of the small companies' exemptions in preparing the trustees' report and from the requirement to prepare a strategic report.
Responsibilities of directors
As explained more fully in the statement of trustees' responsibilities, the directors are responsible for the preparation of the financial statements and for being satisfied that they give a true and fair view, and for such internal control as the directors determine is necessary to enable the preparation of financial statements that are free from material misstatement, whether due to fraud or error. In preparing the financial statements, the directors are responsible for assessing the charity’s ability to continue as a going concern, disclosing, as applicable, matters related to going concern and using the going concern basis of accounting unless the directors either intend to liquidate the charitable company or to cease operations, or have no realistic alternative but to do so.
Auditor's responsibilities for the audit of the financial statements
Our objectives are to obtain reasonable assurance about whether the financial statements as a whole are free from material misstatement, whether due to fraud or error, and to issue an auditor's report that includes our opinion. Reasonable assurance is a high level of assurance but is not a guarantee that an audit conducted in accordance with ISAs (UK) will always detect a material misstatement when it exists. Misstatements can arise from fraud or error and are considered material if, individually or in the aggregate, they could reasonably be expected to influence the economic decisions of users taken on the basis of these financial statements.
The extent to which our procedures are capable of detecting irregularities, including fraud, is detailed below.
Extent to which the audit was considered capable of detecting irregularities, including fraud
We identified and assessed the risks of material misstatement of the financial statements, in respect of irregularities whether due to fraud or error, or non compliance with laws and regulations and then designed and performed audit procedures responsive to those risks, including obtaining audit evidence that is sufficient and appropriate to provide a basis for our opinion.
In identifying and assessing risks of material misstatement in respect of irregularities, including fraud and noncompliance with laws and regulations, our procedures included the following:
We obtained an understanding of the legal and regulatory frameworks that are applicable to the Charity by discussion and enquiry with the directors and management team and our general knowledge and experience of the charity.
We focused on specific laws and regulations which we considered may have a direct material effect on the financial statements or the operations of the company, including the Companies Act 2006, taxation legislation, data protection, employment, and health and safety legislation;
We assessed the extent of compliance with the laws and regulations identified above through making enquiries of management, reviewing correspondence with relevant regulators.
- 11 -
MOHS WORKPLACE HEALTH LIMITED
INDEPENDENT AUDITOR'S REPORT (CONTINUED) TO THE DIRECTORS OF MOHS WORKPLACE HEALTH LIMITED
Audit response to risks identified
We assessed the susceptibility of the Charity’s financial statements to material misstatement, including how fraud might occur. Audit procedures performed included but were not limited to:
-
Discussions with directors and management as to where they considered there was susceptibility to fraud, their knowledge of actual, suspected and alleged fraud;
-
Confirming our understanding of controls by performing a walk through test or observation and enquiry;
-
Performing analytical procedures to identify any unusual or unexpected relationships;
-
Challenging assumptions and judgements made by management in accounting for long term construction contracts including recognition of income and estimation of costs to complete;
-
Identifying and testing journal entries;
-
Reviewing unusual or unexpected transactions; and
-
Agreeing the financial statement disclosures to underlying supporting documentation.
Owing to the inherent limitations of an audit, there is an unavoidable risk that we may not have detected some material misstatements in the financial statements, even though we have properly planned and performed our audit in accordance with auditing standards. The more removed that laws and regulations are from financial transactions, the less likely it is that we would become aware of non-compliance. Auditing standards also limit the audit procedures required to identify non-compliance with laws and regulations to enquiry of the directors and other management and the inspection of regulatory and legal correspondence, if any.
Material misstatements that arise due to fraud can be harder to detect than those that arise from error as they may involve deliberate concealment or collusion.
A further description of our responsibilities is available on the Financial Reporting Council’s website at: https:// www.frc.org.uk/auditorsresponsibilities. This description forms part of our auditor's report.
Use of our report
This report is made solely to the company’s members, as a body, in accordance with section 391 of the Companies Act 2014. Our audit work has been undertaken so that we might state to the company’s members those matters we are required to state to them in an auditor's report and for no other purpose. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than the company and the company’s members as a body, for our audit work, for this report, or for the opinions we have formed.
Wendy Davies (Senior Statutory Auditor) for and on behalf of CK Audit
13 September 2022
Chartered Accountants Statutory Auditor
No 4 Castle Court 2 Castlegate Way Dudley West Midlands DY1 4RH
- 12 -
MOHS WORKPLACE HEALTH LIMITED
STATEMENT OF FINANCIAL ACTIVITIES INCLUDING INCOME AND EXPENDITURE ACCOUNT
FOR THE YEAR ENDED 31 MARCH 2022
| Unrestricted Endowment funds funds 2022 2022 Notes £ £ Income from: Donations and legacies 3 10,253 - Charitable activities 4 1,654,554 - Investments 5 28 - Total income 1,664,835 - Expenditure on: Charitable activities 6 1,608,618 - Net income/(expenditure) for the year/ Net movement in funds 56,217 - Fund balances at 1 April 2021 1,467,280 40,172 Fund balances at 31 March 2022 1,523,497 40,172 |
Total 2022 £ 10,253 1,654,554 28 1,664,835 1,608,618 56,217 1,507,452 1,563,669 |
Total 2021 £ 308,820 1,090,988 64 1,399,872 1,576,481 (176,609) 1,684,061 1,507,452 |
|---|---|---|
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.
- 13 -
MOHS WORKPLACE HEALTH LIMITED
BALANCE SHEET
AS AT 31 MARCH 2022
| Notes Fixed assets Tangible assets 10 Current assets Debtors 12 Cash at bank and in hand Creditors: amounts falling due within one year 14 Net current assets Total assets less current liabilities Capital funds Endowment funds - general Income funds Unrestricted funds General unrestricted funds Revaluation reserve |
2022 £ £ 1,034,415 294,448 401,091 695,539 (166,285) 529,254 1,563,669 40,172 1,511,166 12,331 1,523,497 1,563,669 |
2021 £ £ 1,103,611 244,274 393,251 637,525 (233,684) 403,841 1,507,452 40,172 1,454,949 12,331 1,467,280 1,507,452 |
2021 £ £ 1,103,611 244,274 393,251 637,525 (233,684) 403,841 1,507,452 40,172 1,454,949 12,331 1,467,280 1,507,452 |
|---|---|---|---|
| 1,507,452 | |||
| 40,172 1,467,280 |
|||
| 1,507,452 |
The financial statements were approved by the Directors on 13 September 2022
Mr D A Lynam Trustee
Company registration number 00731728
- 14 -
MOHS WORKPLACE HEALTH LIMITED
STATEMENT OF CASH FLOWS FOR THE YEAR ENDED 31 MARCH 2022
| 2022 Notes £ £ Cash flows from operating activities Cash generated from/(absorbed by) operations 18 110,131 Investing activities Purchase of tangible fixed assets (2,318) Proceeds on disposal of tangible fixed assets - Interest received 28 Net cash (used in)/generated from investing activities (2,290) Financing activities Proceeds of new bank loans - Repayment of bank loans (100,000) Net cash (used in)/generated from financing activities (100,000) Net increase in cash and cash equivalents 7,841 Cash and cash equivalents at beginning of year 393,251 Cash and cash equivalents at end of year 401,091 |
2021 £ - 200 64 100,000 - |
£ (35,999) 264 100,000 64,265 328,986 393,251 |
|---|---|---|
- 15 -
MOHS WORKPLACE HEALTH LIMITED
NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2022
1 Accounting policies
Charity information
MOHS Workplace Health Limited is a private company limited by guarantee incorporated in England and Wales. The registered office is Petit House, 83 Birmingham Road, West Bromwich, West Midlands, B70 6PX.
1.1 Accounting convention
The financial statements have been prepared in accordance with the charity's governing document, 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 financial statements are prepared in sterling, which is the functional currency of the charity. Monetary amounts in these financial statements are rounded to the nearest £.
The financial statements have been prepared under the historical cost convention, modified to include the revaluation of freehold properties at fair value. The principal accounting policies adopted are set out below.
1.2 Charitable funds
Unrestricted funds are available for use at the discretion of the directors in furtherance of the general objectives of the charity. Unrestricted funds include a revaluation reserve representing the restatement of freehold property at market value.
Endowment funds are subject to specific conditions by donors that the capital must be maintained by the charity.
1.3 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.
1.4 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.
Expenditure is recognised on an accrual basis as a liability is incurred. The company operates a partially exempt vat scheme. Irrecoverable vat is written off in the year as an administrative expense.
- 16 -
MOHS WORKPLACE HEALTH LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2022
1 Accounting policies
(Continued)
1.5 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:
Land and buildings 2% straight line Plant and machinery 25% straight line Fixtures, fittings & equipment 25% reducing balance Motor vehicles 25% 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.
Properties whose fair value can be measured reliably are held under the revaluation model and are carried at a revalued amount, plus any additions after the last obtained professional valuation, less any subsequent accumulated depreciation. The fair value is reviewed on an annual basis by the Trustees.
Revaluation gains and losses are recognised in other recognised gains and losses and accumulated in equity, except to the extent that a revaluation gain reverses a revaluation loss previously recognised in net income/ (expenditure) or a revaluation loss exceeds the accumulated revaluation gains recognised in equity; such gains and loss are recognised in the SOFA for the year.
1.6 Impairment of fixed assets
At each reporting end date, the charity reviews the carrying amounts of its tangible assets to determine whether there is any indication that those assets have suffered an impairment loss. If any such indication exists, the recoverable amount of the asset is estimated in order to determine the extent of the impairment loss (if any).
1.7 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.
1.8 Financial instruments
The charity has elected to apply the provisions of Section 11 ‘Basic Financial Instruments’ and Section 12 ‘Other Financial Instruments Issues’ of FRS 102 to all of its financial instruments.
Financial instruments are recognised in the charity's balance sheet when the charity becomes party to the contractual provisions of the instrument.
Financial assets and liabilities are offset, with the net amounts presented in the financial statements, when there is a legally enforceable right to set off the recognised amounts and there is an intention to settle on a net basis or to realise the asset and settle the liability simultaneously.
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.
- 17 -
MOHS WORKPLACE HEALTH LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2022
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 payments 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.
Derecognition of financial liabilities
Financial liabilities are derecognised when the charity’s contractual obligations expire or are discharged or cancelled.
1.9 Employee benefits
The cost of any unused holiday entitlement is recognised in the period in which the employee’s services are received.
Termination benefits are recognised immediately as an expense when the charity is demonstrably committed to terminate the employment of an employee or to provide termination benefits.
1.10 Retirement benefits
The charity operates a defined contributions pension scheme. Contributions are charged in the accounts as they become payable in accordance with the rules of the scheme.
1.11 Debtors
Trade and other debtors are recognised at the settlement amount due after any trade discount offered. Prepayments are valued at the amount prepaid after taking accounts of any trade discounts due.
1.12 Creditors and provisions
Creditors and provisions are recognised where the charity has a present obligation resulting from a past event that will probably result in the transfer of funds to a third party and the amount due to settle the obligation can be measured or estimated reliably. Creditors and provisions are normally recognised at their settlement amount after allowing for any trade discounts due.
2 Critical accounting estimates and judgements
In the application of the charity’s accounting policies, the directors 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.
- 18 -
MOHS WORKPLACE HEALTH LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2022
2 Critical accounting estimates and judgements
(Continued)
Key sources of estimation uncertainty
Tangible fixed assets
The useful economic lives of non-current assets (excluding property) have been derived from the judgement of the Directors, using their best estimate of write-down period.
Bad debts
A bad debt provision is set up when the likelihood of recovering the debt is diminished. The level of provision will be based on any current repayment plan entered into and which is being adhered to by the debtor, together with an estimate of the likelihood of the amounts due being fully recovered.
Property valuation
Land and buildings are valued based on the last professional valuation carried out in August 2017 adjusted for additions and depreciation since that date. The directors do not consider the current market value to be materially different to the net book value.
3 Donations and legacies
| **Unrestricted ** | Unrestricted | |
|---|---|---|
| funds | funds | |
| 2022 | 2021 | |
| £ | £ | |
| CJRS government grants | 10,253 | 308,820 |
4 Charitable activities
| 2022 | 2021 | |
|---|---|---|
| £ | £ | |
| Income from occupational health services | 1,654,554 | 1,090,988 |
5 Investments
| Unrestricted | Total | |
|---|---|---|
| funds | ||
| 2022 | 2021 | |
| £ | £ | |
| Interest receivable | 28 | 64 |
- 19 -
MOHS WORKPLACE HEALTH LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2022
6 Charitable activities
| Workplace | Workplace | |
|---|---|---|
| Health | Health | |
| Service | Service | |
| 2022 | 2021 | |
| £ | £ | |
| Staff costs | 417,771 | 555,544 |
| Depreciation and impairment | 8,933 | 9,008 |
| Direct costs | 110,629 | 81,522 |
| Consultants | 359,196 | 244,961 |
| Staff training | 550 | - |
| Cars | 26,052 | 13,297 |
| 923,131 | 904,332 | |
| Share of support costs (see note 7) | 603,917 | 592,153 |
| Share of governance costs (see note 7) | 81,570 | 79,996 |
| 1,608,618 | 1,576,481 |
7 Support costs
| Staff costs Depreciation Premises Phone/postage Marketing Laundry Other staff costs Unrecovered VAT Bad debts Sundries Bank charges Audit fees Legal and professional Analysed between Charitable activities |
Support costs Governance costs £ £ 352,446 68,162 62,582 - 90,112 - 22,104 - 12,965 - 14,498 - 18,181 - 25,544 - (34) - 3,751 - 1,768 - - 6,275 - 7,133 603,917 81,570 603,918 81,570 |
2022 £ 420,608 62,582 90,112 22,104 12,965 14,498 18,181 25,544 (34) 3,751 1,768 6,275 7,133 685,487 685,487 |
2021 £ 460,787 61,847 87,357 20,582 8,866 7,620 60 17,344 (8,491) 1,645 1,448 6,275 6,809 672,149 672,149 |
|---|---|---|---|
Governance costs includes payments to the auditors of £6,275 (2021- £6,275) for audit fees.
- 20 -
MOHS WORKPLACE HEALTH LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2022
8 Directors
The Articles of Association were amended in the year to 31 March 2011 to enable employees to be appointed to the Board. The remuneration of these directors relate to their roles as employees, they are not remunerated for the role as directors.
9 Employees
The average monthly number of employees during the year was:
| Doctors Management Administration Health Screen Technicians Health & Safety Trainers Occupational Health Advisors Marketing Total Employment costs Wages and salaries Social security costs Other pension costs The number of employees whose annual remuneration was more than £60,000 is as follows: £60,001 to £70,000 |
2022 Number 1 1 10 2 2 7 1 24 2022 £ 736,487 71,260 30,632 838,379 2022 Number 1 |
2021 Number 1 1 9 4 3 11 1 |
|---|---|---|
| 30 | ||
| 2021 £ 902,287 76,852 37,192 |
||
| 1,016,331 | ||
| 2021 Number - |
Of the employees whose emoluments exceed £60,000, 1 has retirement benefits accruing under defined benefit pension schemes.
- 21 -
MOHS WORKPLACE HEALTH LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2022
10 Tangible fixed assets
| Cost or valuation At 1 April 2021 Additions At 31 March 2022 Depreciation and impairment At 1 April 2021 Depreciation charged in the year At 31 March 2022 Carrying amount At 31 March 2022 At 31 March 2021 |
Land and buildings £ 1,037,522 - 1,037,522 57,651 16,285 73,936 963,586 979,871 |
Plant and machinery £ 136,203 1,115 137,318 130,778 2,712 133,490 3,828 5,425 |
Fixtures, fittings & equipment Motor vehicles £ £ 491,568 104,693 1,203 - 492,771 104,693 391,748 86,198 46,296 6,221 438,044 92,419 54,727 12,274 99,820 18,495 |
Total £ 1,769,986 2,318 |
|---|---|---|---|---|
| 1,772,304 | ||||
| 666,375 71,514 |
||||
| 737,889 | ||||
| 1,034,415 | ||||
| 1,103,611 |
Land and buildings are valued based on the last professional valuation carried out in August 2017 adjusted for additions and depreciation since that date. The directors do not consider the current market value to be materially different to the net book value.
At 31 March 2022, had the revalued assets been carried at historic cost less accumulated depreciation and accumulated impairment losses, their carrying amount would have been approximately £951,254 (2021 - £967,539).
| 11 Financial instruments Carrying amount of financial assets Debt instruments measured at amortised cost Carrying amount of financial liabilities Measured at amortised cost 12 Debtors Amounts falling due within one year: Trade debtors Prepayments and accrued income |
2022 £ 291,167 109,519 2022 £ 291,167 3,281 294,448 |
2021 £ 243,187 |
|---|---|---|
| 185,596 | ||
| 2021 £ 243,187 1,087 |
||
| 244,274 |
- 22 -
MOHS WORKPLACE HEALTH LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 MARCH 2022
13 Loans and overdrafts
| Bank loans Payable within one year 14 Creditors: amounts falling due within one year Bank loans Other taxation and social security Trade creditors Accruals and deferred income 15 Analysis of net assets between funds Unrestricted funds Endowment funds 2022 2022 £ £ Fund balances at 31 March 2022 are represented by: Tangible assets 994,243 40,172 Current assets/(liabilities) 529,254 - 1,523,497 40,172 |
2022 £ - - 2022 Notes £ 13 - 56,766 94,719 14,800 166,285 Total Unrestricted funds Endowment funds 2022 2021 2021 £ £ £ 1,074,587 1,103,611 40,172 529,254 403,841 - 1,603,841 1,507,452 40,172 |
2021 £ 100,000 |
|---|---|---|
| 100,000 | ||
| 2021 £ 100,000 48,088 70,058 15,538 |
||
| 233,684 | ||
| Total 2021 £ 1,143,783 403,841 |
||
| 1,547,624 |
- 23 -
MOHS WORKPLACE HEALTH LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2022
16 Operating lease commitments
At the reporting end date the charity had outstanding commitments for future minimum lease payments under non-cancellable operating leases, which fall due as follows:
| Within one year Between two and five years |
2022 £ 2,779 9,958 12,737 |
2021 £ 2,886 - |
|---|---|---|
| 2,886 |
The operating leases represent leases from third parties. The leases are negotiated over terms of 3 - 5 years and rentals are fixed for that time.
17 Related party transactions
Remuneration of key management personnel
During the year the charity entered into the following transactions with related parties:
| 2022 | 2021 | |
|---|---|---|
| £ | £ | |
| Aggregate compensation | 130,196 | 121,774 |
Included in the above is the Chief Executive and the Chief Occupational Health Advisor.
Transactions with related parties
During the year one of the directors invoiced MOHS Workplace Health Limited for consultant services to the value of £38,701 (2021 - £17,627). At the year-end a balance of £4,432 (2021 - £2,594) was owed to one of the directors.
Another director invoiced the Company for consultant services to the value of £42,218 (2021 - £56,634). At the year-end a balance of £0 (2021 - £5,986) was owed to one of the directors.
- 24 -
MOHS WORKPLACE HEALTH LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 MARCH 2022
| 18 | Cash generated from operations | 2022 | 2021 | |
|---|---|---|---|---|
| £ | £ | |||
| Surplus/(deficit) for the year | 56,217 | (176,609) | ||
| Adjustments for: | ||||
| Investment income recognised in statement of financial activities | (28) | (64) | ||
| (Gain)/loss on disposal of tangible fixed assets | - | 192 | ||
| Depreciation and impairment of tangible fixed assets | 71,515 | 70,663 | ||
| Movements in working capital: | ||||
| (Increase)/decrease in debtors | (50,174) | 79,064 | ||
| Increase/(decrease) in creditors | 32,601 | (9,245) | ||
| Cash generated from/(absorbed by) operations | 110,131 | (35,999) | ||
| 19 | Analysis of changes in net funds | |||
| At 1 April 2021 | Cash flowsAt 31 March 2022 | |||
| £ | £ | £ | ||
| Cash at bank and in hand | 393,251 | 7,840 | 401,091 | |
| Loans falling due within one year | (100,000) | 100,000 | - | |
| 293,251 | 107,840 | 401,091 |
- 25 -
MOHS WORKPLACE HEALTH LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 MARCH 2021
MOHS Workplace Health Ltd I 83 Birmingham Road I West Bromwich B70 6PX
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