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|||||||Page|
|---|---|---|---|---|---|---|
|Reference and Administrative|||Details ofthe Charity,|its Trustees|and Advisers||
|Trustees' Report|||||||
|Independent|Auditors'|Report|on the Financial Statements|||9-12|
|Consolidated|Statement|of Financial Activities||||13|
|Consolidated|Balance Sheet|||||14|
|Charity Balance Sheet||||||15|
|Consolidated|Statement|ofCash Flows||||16|
|Notes to the|Financial Statements|||||17-37|





## 

## 

|Trustees||Mr P Atkey, Chair|Mr P Atkey, Chair||
|---|---|---|---|---|
|||Mr R Davey (appointed||2 May 2022)|
|||Mr J Chapman|||
|||Mr S Mann (resigned 25 January 2023)|||
|||Mrs R Lunn (appointed||25 May 2022)|
|||Mr G Anthony|||
|||Mr BClargo|||
|||Mr R Sparrow|||
|||Mr R Chubb (appointed||2 May 2022)|
|||Mr KWalker (resigned||24 May 2023)|
|Company|registered||||
|number||01480369|||
|Charity registered|||||
|number||279652|||
|Registered|office|The Hyperbaric|Medical|Centre, Research Way|
|||Plymouth<br>Science Park|||
|||Plymouth|||
|||PL6 8BU|||
|||PL6 8BU|||
|Chief executive officer||Dr G Smerdon|||
|Independent|auditors|Bishop Fleming|LLP||
|||Chartered<br>Accountants|||
|||Salt Quay House|||
|||4 North East Quay|||
|||Sutton Harbour|||
|||Plymouth|||
|||PL4 OBN|||
|Bankers||Barclays Bank Pic|||
|||140-146Armada|Way||
|||Plymouth|||
|||PL1 1LA|||





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|||||||Page|
|---|---|---|---|---|---|---|
|Reference and Administrative|||Details ofthe Charity,|its Trustees|and Advisers||
|Trustees' Report|||||||
|Independent|Auditors'|Report|on the Financial Statements|||9-12|
|Consolidated|Statement|of Financial Activities||||13|
|Consolidated|Balance Sheet|||||14|
|Charity Balance Sheet||||||15|
|Consolidated|Statement|ofCash Flows||||16|
|Notes to the|Financial Statements|||||17-37|





## 

|Trustees|||Mr P Atkey, Chair|Mr P Atkey, Chair||
|---|---|---|---|---|---|
||||Mr R Davey (appointed||2 May 2022)|
||||MrJ Chapman|||
||||Mr S Mann (resigned 25 January 2023)|||
||||Mrs R Lunn (appointed||25 May 2022)|
||||Mr G Anthony|||
||||Mr BClargo|||
||||Mr R Sparrow|||
||||Mr R Chubb (appointed||2 May 2022)|
||||Mr KWalker (resigned||24 May 2023)|
|Company|registered|||||
|number|||01480369|||
|Charity registered||||||
|number|||279652|||
|Registered||office|The Hyperbaric|Medical|Centre, Research Way|
||||Plymouth<br>Science Park|||
||||Plymouth|||
||||PL6 8BU|||
||||PL6 8BU|||
|Chief executive officer|||Dr G Smerdon|||
|Independent||auditors|Bishop Fleming|LLP||
||||Chartered<br>Accountants|||
||||Salt Quay House|||
||||4 North East Quay|||
||||Sutton Harbour|||
||||Plymouth|||
||||PL4 0BN|||
|Bankers|||Barclays Bank Pic|||
||||140-146Armada|Way||
||||Plymouth|||
||||PL1 1LA|||





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## 

||||Unrestricted|Total|Total|
|---|---|---|---|---|---|
||||funds|funds|funds|
|||Note|2023f|2023|2022<br>P|
|Income from:||||||
|Donations<br>and legacies|||18,450|18,450|12,807|
|Charitable<br>activities|||1,661,733|1,661,733|1,596,667|
|Other trading<br>activities|||428,093|428,093|461,866|
|Investments|||245,043|245,043|230,825|
|Other income|||19,219|19,219|113,434|
|Total income|||2,372,538|2,372,538|2,415,599|
|Expenditure<br>on:||||||
|Raising funds|||280,008|280,008|268,191|
|Charitable<br>activities|||1,795,902|1,795,902|1,695,801|
|Total expenditure|||2,075,910|2,075,910|1;963,992|
|Net movement<br>in funds|||296,628|296,628|451,607|
|Reconciliation<br>offunds:||||||
|Total funds brought|forward||4,058,843|4,058,843|3,607,236|
|Net movement<br>in funds|||296,628|296,628|451,607|
|Total funds carried forward|||4,355,471|4,355,471|4,058,843|





## 

## 

||||||2023||2022|
|---|---|---|---|---|---|---|---|
||||Note|||||
|Fixed assets||||||||
|Tangible assets|||13||2,834,391||2,956,726|
|Investment<br>property|||14||1,624,813||1,624,813|
||||||4,459,204||4,581,539|
|Current assets||||||||
|Stocks|||16|26,367||21,012||
|Debtors|||17|244,015||171,090||
|Cash at bank and|in hand|||1,081,850||849,139||
|||||1,352,232||1,041,241||
|Creditors: amounts||falling due within one||||||
|year|||18|(462,206)||(461,659)||
|Net current assets||I (liabilities)|||890,026||579,582|
|Creditors: amounts||falling due after more||||||
|than one year|||19||(993,759)||(1,102,278)|
|Total net assets|||||4,355,471||4,058,843|
|Group funds||||||||
|Unrestricted<br>funds|||20||4,355,471||4,058,843|
|Total funds|||||4,355,471||4,058,843|





## 

||||||2023||2022|
|---|---|---|---|---|---|---|---|
||||Note|||||
|Fixed assets||||||||
|Tangible assets|||13||2,815,236||2,944,971|
|Investments|||15||4||4|
|Investment<br>property|||14||1,624,813||1,624,813|
||||||4,440,053||4,569,788|
|Current assets||||||||
|Stocks|||16|21,844||17,601||
|Debtors|||17|273,895||125,935||
|Cash at bank and|in hand|||810,5&1||579,850||
|||||1,106,320||723,386||
|Creditors: amounts||falling due within one||||||
|year|||18|(411,910)||(371,197)||
|Net current assets||I(liabilities)|||694,410||352,189|
|Creditors: amounts||falling due after more||||||
|than one year|||19||(993,759)||(1,102,278)|
|Total net assets|||||4,140,704||3,819,699|
|Charity funds||||||||
|Unrestricted<br>funds|||20||4,140,704||3,819,699|
|Total funds|||||4,140,704||3,819,699|






## 

## 

||||||2023f|2022<br>E|
|---|---|---|---|---|---|---|
|Cash flows from operating|activities||||||
|Net cash provided<br>by operating<br>activities|||||438,787|225,933|
|Cash flows from investing|activities||||||
|Purchase oftangible<br>fixed assets|||||(50,856)|(282,460)|
|Net cash used<br>in investing|activities||||(50,856)|(282,460)|
|Cash flows from financing|activities||||||
|Cash inflows from new borrowing||||||638,493|
|Repayments<br>of borrowing|||||(108,519)||
|Interest<br>paid|||||(47,365)|(40,428)|
|Interest received|||||664||
|Net cash (used in)/provided|by financing||activities||(155,220)|598,065|
|Change<br>in cash and cash|equivalents|in|the year||232,711|541,538|
|Cash and cash equivalents|at the beginning||ofthe year||849,139|307,601|
|Cash and cash equivalents|at the end|of|the year||1,081,850|849,139|
|The notes on pages 17to 37form part ofthese financial||||statements|||





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## 

## 

||Long-term<br>leasehold<br>property|- straight<br>line up|to 50years||
|---|---|---|---|---|
||Plant and office equipment|- 15%reducing|balance and straight|line over 2|
|||to 45 years|||
|'|Motor vehicles<br> Assets under construction|- straight<br>line over 6years<br>- not depreciated|||



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## 

## 

||Unrestricted|Total|
|---|---|---|
||funds|funds|
||2023|2023f|
|Donations|18,450|18,450|
||Unrestricted|Total|
||funds|funds|
||2022f|2022|
|Donations|12,807|12,807|





## 

## 

## 

|||Unrestricted|Total|
|---|---|---|---|
|||funds|funds|
|||2023<br>F|2023f|
|Medical income||1,655,990|1,655,990|
|Conference|and course fees|5,743|5,743|
|TOTAL 2023||1,661,733|1,661,733|
|||Unrestricted|Total|
|||funds|funds|
|||2022|2022|
||||E|
|Medical income||1,596,667|1,596,667|





## 

## 

|||||Unrestricted|Total|
|---|---|---|---|---|---|
|||||funds|funds|
|||||2023|2023|
|Merchandising|and|training|income|1,058|1,058|
|DDRC Professional||Services Limited||359,134|359,134|
|DDRC Medical|Services Limited|||67,901|67,901|
|TOTAL 2023||||428,093|428,093|
|||||Unrestricted|Total|
|||||funds|funds|
|||||2022|2022|
|Merchandising|and|training|income|1,771|1,771|
|DDRC Professional||Services Limited||381,628|381,628|
|DDRC Medical|Services Limited|||78,467|78,467|
|TOTAL 2022||||461,866|461,866|



## 



## 

## 

## 

|||Unrestricted|Total|
|---|---|---|---|
|||funds|funds|
|||2023|2023f|
|Rental income||243,660|243,660|
|Bank interest receivable||1,383|1,383|
|TOTAL 2023||245,043|245,043|
|||Unrestricted|Total|
|||funds|funds|
|||2022f|2022f|
|Rental income||230,785|230,785|
|Bank interest receivable|.|40|40|
|TOTAL 2022||230,825|230,825|



## 

## 

||||Unrestricted|Total|
|---|---|---|---|---|
||||funds|funds|
||||2023|2023f|
|Other operating|income||19,219|19,219|
|TOTAL 2023|||19,219|19,219|
||||Unrestricted|Total|
||||funds|,funds|
||||2022f|2022f|
|Other operating|income||12,149|12,149|
|Recharge of building||works|101,285|101,285|
||||113,434|113,434|





## 

## 

## 

||||||||Activities|||
|---|---|---|---|---|---|---|---|---|---|
||||||||undertaken|Support|Total|
||||||||directly|costs|funds|
||||||||2023|2023f|2023|
||Charitable|activities|||||1,729,861|66,041|1„795,902|
||||||||Activities|||
||||||||undertaken|Support|Total|
||||||||directly|costs|funds|
||||||||2022|2022|2022|
||Charitable|activities|||||1,632,189|63,612|1,695,801|
||ANALYSIS||OF SUPPORT|COSTS||||||
||||||||||Total|
|||||||||Activities|funds|
|||||||||2023|2023|
||||||||||F|
||Governance||costs|||||66,041|66,041|
||||||||||Total|
|||||||||Activities|funds|
|||||||||2022|2022|
||Governance||costs|||||63,612|63,612|
|10.|AUDITORS'||REMUNERATION|||||||
|||||||||2023|2022|
||||||||||F|
||Fees payable||to the Group's|auditor||for the audit ofthe Group's|annual|||
||accounts|||||||16,395|13,510|
||Fees payable||to the Group's|auditor||in respect of:||||
||All non-audit||services not included||above|||3,130|3,740|





## 

## 

|||||Group|Group|Charity|Charity|
|---|---|---|---|---|---|---|---|
|||||, 2023f|2022<br>E|2023|2022<br>F|
|Wages and|salaries|||1,015,163|986,985|894,462|870,247|
|Social security costs||||82,352|72,579|70,484|63,162|
|Contribution|to defined|contribution|pension|||||
|schemes||||79,180|68,383|69,005|60,409|
|||||1,176,695|1,127,947|'I,033,951|993,818|



||Group|Group|Charity|Charity|
|---|---|---|---|---|
||2023|2022|2023|2022|
||No.|No.|No.|No.|
|Staff|50|47|44|41|



|Group|Group|
|---|---|
|2023|2022|
|No.|No.|



## 



## 

## 

## 

||Long-term||||
|---|---|---|---|---|
||leasehold|Plant and|Motor||
||property|machineryf|vehicles|Total|
|COST|||||
|At 1 April 2022|3,935,391|1,490,437|12,842|5,438,670|
|Additions|2,950|47,906||50,856|
|At 31 March 2023|3,938,341|1,538,343|12,842|5,489,526|
|DEPRECIATION|||||
|At 1 April 2022|1,276,202|1,192,900|12,842|2,481,944|
|Charge for the year|97,251|75,940||173,191|
|At 31 March 2023|1,373,453|1,268,840|12,842|2,655,135|
|NET BOOK VALUE|||||
|At 31 March 2023|2,564,888|269,503||2,834,391|
|At 31 March 2022|2,659,189|297,537||2,956,726|





## 

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## 

||Long-term|||
|---|---|---|---|
||leasehold|Plant and||
||property|machinery|Total|
||f.|||
|COST||||
|At 1 April 2022|3,935,391|1,449,362|5,384,753|
|Additions|2,950|34,372|37,322|
|At 31 March 2023|3,938,341|1,483,734|5,422,075|
|DEPRECIATION||||
|At 1 April 2022|1,276,202|1,163,580|2,439,782|
|Charge for the year|97,251|69,806|167,057|
|At 31 March 2023|1,373,453|1,233,386|2,606,839|
|NET BOOK VALUE||||
|At 31 March 2023|2,564,8&8|250,348|2,815,236|
|At 31 March 2022|2,659,189|285,?82|2,944,971|





## 

## 

## 

||Long-term|
|---|---|
||leasehold|
||investment|
||property|
|VALUATION||
|At 1 April 2022|1,624,813|
|At 31 March 2023|1,624,813|
|CHARITY||
||Long-term|
||leasehold|
||investment|
||property|
|VALUATION||
|At 1 April 2022|1,624,813|
|At 31 March 2023|1,624,&13|





## 

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## 

## 

|Names|||Company|Registered|office or principal|Holding|
|---|---|---|---|---|---|---|
||||number|place ofbusiness|||
|DDRC|Professional|Services Limited|03004311|8 Research|Way, Derriford,|100%|
|||||Plymouth,|PL6 8BU||
|DDRC|Medical Services Limited||07560790|8 Research|Way, Derriford,|100%|
|||||Plymouth,|PL6 8BU||



|Names|||Income<br>f|Expenditure|Profit for<br>the year|Net assets|
|---|---|---|---|---|---|---|
|DDRC|Professional|Services Limited|394,178|(340,733)|53,445|164,612|
|DDRC|Medical Services Limited||82,687|(46,252)|36,435|74,535|



## 

|||||Group|Group|Charity|Charity|
|---|---|---|---|---|---|---|---|
|||||2023|2022f|2023|2022f|
|Raw|materials|and|consumables|26,367|21,012|21,844|17,601|





## 

## 

|||||||Group|Group|Charity|Charity|
|---|---|---|---|---|---|---|---|---|---|
|||||||2023|2022|2023|2022|
||DUE WITHIN|ONE YEAR||||||||
||Trade debtors|||||151,966|73,304|151,686|6,104|
||Amounts<br>owed||by group undertakings|||||68,031|47,644|
||Other debtors|||||24,663|15,050|2,003|755|
||Prepayments|and accrued|||income|67,386|82,736|52,175|71,432|
|||||||244,015|171,090|273,895|125,935|
|18.|CREDITORS:||AMOUNTS||FALLING DUE WITHIN ONE YEAR|||||
|||||||Group|Group|Charity|Charity|
|||||||2023|2022|2023|2022|
||||||||E|||
||Bank loans|||||155,884|155,884|155,884|155,884|
||Trade creditors|||||80,202|108,663|72,620|93,658|
||Amounts<br>owed||to group undertakings|||||34,031||
||Other taxation||and social security|||63,403|42,246|48,478|38,893|
||Other creditors|||||9,618|7,203|9,618|7,204|
||Accruals and deferred|||income||153,099|147,663|91,279|75,558|
|||||||462,206|461,659|411,910|371,197|



|||||||Group|Group|
|---|---|---|---|---|---|---|---|
|||||||2023|2022|
|Deferred|income at||1 April|2022||(59,557)||
|Resources. deferred|||during|the year||(45,906)|(59,557)|
|Amounts|released|from previous|||periods|59,557|(3,365)|
|||||||(45,906)|(62,922)|





## 

## 

## 

||Group|Group|Charity|Charity|
|---|---|---|---|---|
||2023|2022f|2023f|2022f|
|Bank loans|993,759|1,102,278|993,759|1,102,278|
|Included<br>within the above are amounts|falling due as follows:||||
||Group|Group|Charity|Charity|
||2023f|2022f|2023|2022|
|BETWEEN ONE AND TWO YEARS|||||
|Bank loans|155,884|155,884|155,884|155,884|
|BETWEEN TWO AND FIVE YEARS|||||
|Bank loans|467,652|467,652|467,652|467,652|
|OVER FIVE YEARS|||||
|Bank loans|370,223|478,742|370,223|478,742|





## 

|||||||Balance at|
|---|---|---|---|---|---|---|
|||Balance at 1|||Transfers|31 March|
|||April 2022f|Income|Expendituref|in/out<br>f|2023<br>f|
|UNRESTRICTED FUNDS|||||||
|DESIGNATED FUNDS|||||||
|Fixed assets||3,323,377||(1?3,191)|159,376|3,309,562|
|Research Studentships|and||||||
|Clinical Trials|||||141,400|141,400|
|New Chamber|||||600,000|600,000|
|||3323 377||(173,191)|900,776|4,050,962|
|GENERAL FUNDS|||||||
|General funds||735,466|2,372,538|(1,902,719)|(900,776)|304,509|
|TOTAL UNRESTRICTED|||||||
|FUNDS||4,058,843|2,372,538|(2,075,910)||4,355,471|
|Designated<br>Funds|||||||



## 



## 

## 

## 

|STATEMENT OF FUNDS - P|RIOR YEAR|||||
|---|---|---|---|---|---|
||||||Balance at|
||Balance at|||Transfers|31 March|
||1 April 2021|Income|Expenditure|in/out|2022|
||E||F|||
|UNRESTRICTED FUNDS||||||
|DESIGNATED FUNDS||||||
|Fixed assets|3,843,891||(164,481)|(356,033)|3,323,377|
|GENERAL FUNDS||||||
|General funds|(236,655)|2,415,599|(1,799,511)|356,033|735,466|
|TOTAL UNRESTRICTED||||||
|FUNDS|3,607,236|2,415,599|(1,963,992)||4,058,843|





## 

## 

## 

|||Unrestricted|Total|
|---|---|---|---|
|||funds|funds|
|||2023|2023|
|Tangible fixed assets||2,834,391|2,834,391|
|Investment|property|1,624,813|1,624,813|
|Current assets||1,352,232|1,352,232|
|Creditors|due within one year|(462,206)|(462,206)|
|Creditors|due in more than one year|(993,759)|(993,759)|
|TOTAL||4,355,471|4,355,471|



## 

## 

||||Unrestricted|Total|
|---|---|---|---|---|
||||funds|funds|
||||2022|2022|
|Tangible|fixed assets||2,956,726|2,956,726|
|Investment||property|1,624,813|1,624,813|
|Current|assets||1,041,241|1,041,241|
|Creditors||due within one year|(461,659)|(461,659)|
|Creditors||due in more than one year|(1,102,278)|(1,102,278)|
|TOTAL|||4,058,843|4,058,843|



## 



## 

## 

## 

## 

## 

||||||||Group|Group|
|---|---|---|---|---|---|---|---|---|
||||||||2023|2022|
||||||||F||
|Net income for the|year (as||per Statement|of Financial|Activities)||296,628|451,607|
|ADJUSTMENTS FOR:|||||||||
|Depreciation<br>charges|||||||173,191|164,481|
|Increase<br>in stocks|||||||(5,357)|(3,942)|
|Increase<br>in debtors|||||||(72,924)|(70,605)|
|Increase/(decrease)||in creditors|||||548|(356,036)|
|Interest charges|||||||47,365|40,428|
|Interest received|||||||(664)||
|NET CASH PROVIDED BYOPERATING||||ACTIVITIES|||438,787|225,933|
|ANALYSIS OF CASH AND|||CASH EQUIVALENTS||||||
||||||||Group|Group|
||||||||2023f|2022|
|Cash<br>in hand|||||||1,081,850|849,139|
|ANALYSIS OF CHANGES|||IN NET DEBT||||||
|||||||At 1 April||At 31 March|
|||||||2022|Cash flows|2023|
|||||||||f.|
|Cash at bank and|in|hand||||849,139|232,711|1,081,850|
|Debt due within<br>1 year||||||(155,884)||(155,884)|
|Debt due after<br>1 year||||||(1,102,278)|108,519|(993,759)|



## 

## 



## 

##