2021-12-31-accounts - Hertfordshire Multiple Sclerosis Therapy Centre Ltd

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Current financial year
		Unrestricted	Restricted	Total	Total
		funds	funds
		2021	2021	2021	2020
	s >tei
Income from:
Voluntary income including donations and legacies	3	20,957	7,000	27,957	17,408
Provision of Physiotherapy and Oxygen Therapy	4	86,156	-	86,156	64,820
Community fundraising, events and sponsorship	5	9,306	-	9,306	8,271
Investments	6	10,949	-	10,949	19,056
Total income127,368			7,000	134,368	109,555
Expenditure on:
Fundraising and publicity712,005				12,005	9,897
Provision of Physiotherapy and Oxygen Therapy	8113,752		7,000	120,752	127,429
Total expenditure125,757			7,000	132,757	137,326
Net income/(expenditure) for the year/
Net movement in funds		1,611-1,611(27,771)
Fund balances at 1 January 2021		479,03720,624		499,661	527,432
Fund balances at 31 December 2021480,648			20,624	501,272	499,661

Prior financial year
		Unrestricted	Restricted	Total
		funds	funds
		2020	2020	2020
	Notes
Income from:
Voluntary income including donations and legacies	3	17,408		17,408
Provision of Physiotherapy and Oxygen Therapy	4	64,820		64,820
Community fundraising, events and sponsorship	5	8,271		8,271
Investments	6	19,056		19,056
Total income		109,555	-	109,555
Expenditure on:
Fundraising and publicity	7	9,897	-	9,897
Provision of Physiotherapy and Oxygen Therapy	8	127,429	-	127,429
Total expenditure		137,326	-	137,326
Net income/(expenditure) for the year/
Net movement in funds		(27,771)		(27,771)
Fund balances at 1 January 2020		506,808	20,624	527,432
Fund balances at 31 December 2020		479,037	20,624	499,661

		20212020	20212020	20212020
	Notes
Fixed assets
Tangible assets	11	528,302		543,046
Current assets
Debtors	12	10,381		3,983
Cash at bank and in hand		43,924		45,892
		54,305		49,875
Creditors: amounts falling due within
one year	14	(41,335)		(44,093)
Net current assets		12,970		5,782
Total assets less current liabilities		541,272		548,828
Creditors: amounts falling due after
more than one year	15	(40,000)		(49,167)
Net assets		501,272		499,661
Income funds
Restricted funds1720,62420,624
Unrestricted funds
Designated funds18		683		683
General unrestricted funds		479,965		478,354
		480	,648	479,037
		501	,272	499,661

	Unrestricted	Restricted	Total	Unrestricted
	funds	funds		funds
	general			general
	2021	2021	2021	2020
Donations and gifts	4,174		4,174	9,794
Legacies receivable	12,391	-	12,391	-
Grants receivable for core activities	4,392	7,000	11,392	7,614
	20,957	7,000	27,957	17,408
Grants receivable for core activities
Coronavirus Job Retention Scheme Grant	4,392		4,392	7,614
Letchworth Heritage Foundation	-	7,000	7,000	-
	4,392	7,000	11,392	7,614
Provision of Physiotherapy and Oxygen Therapy
		Income		Income
		from		from
		therapies		therapies
		2021		2020
Income from therapies		86,156		64,820
		86,156		64,820

5	Community fundraising, events and sponsorship
		UnrestrictedUnrestricted
		fundsfunds
		generalgeneral
		20212020
	Fundraising events	8,271 9,306
6	Investments
		UnrestrictedUnrestricted
		fundsfunds
		generalgeneral
		20212020
	Rental income	19,056 10,949
	Fundraising and publicity
		Unrestricted Unrestricted
		funds funds
		general general
		2020 2021
	Community fundraising. events and sponsorship
	Seeking donations, grants and legacies	2,806 4,038
	Staging fundraising events	7,091 7,967
	Community fundraising, events and sponsorship	9,897 12,005

	2021	2020
Staff costs	49,650	57,760
Depreciation and impairment	14,743	14,743
General running costs	2,634	1,950
Premises costs	12,393	11,455
Insurance costs	3,245	4,662
Repairs and maintenance costs	3,870	4,036
Office costs	772	1,900
Equipment costs	1,692	1,523
Transport costs	7	50
Training	530	•
General expenses	-	700
Legal and professional costs	10,283	10,050
Governance costs (see note below)	2,400	2,800
Bank charges and other finance costs	2,708	4,183
Oxygen	15,825	11,617
	120,752	127,429
Analysis by fund
Unrestricted funds - general	113,752
Restricted funds	7,000
	120,752
For the year ended 31December 2020
Unrestricted funds - general		127,429
		127,429

			2021	2020
			Number	Number
	Management and administration		1	2
	Physiotherapists, Rehab Specialist and Assistants			4
	Oxygen Therapy		3	3
			4	9
	Employment costs		2021	2020
	Wages and salaries		49,029	55,953
	Social security costs		-	1,056
	Other pension costs		621	751
			49,650	57,760
	There were no employees whose annual remuneration was 60,000 or more.
11	Tangible fixed assets
		Land and	Plant and	Total
		buildings	machinery
	Cost
	At 1 January 2021	737,166	190,151	927,317
	At 31 December 2021	737,166	190,151	927,317
	Depreciation and impairment
	At1 January 2021	194,121	190,151	384,272
	Depreciation charged in the year	14,743		14,743
	At 31 December 2021	208,864	190,151	399,015
	Carrying amount
	At 31 December 2021	528,302	-	528,302
	At 31 December 2020	543,046	-	543,046

12	Debtors
		2021	2020
	Amounts falling due within one year:
	Trade debtors	8,009	3,047
	Other debtors	219
	Prepayments and accrued income	2,153	936
		10,381	3,983
13	Loans and overdrafts
		2021	2020
	Bank loans	50,000	50,000
	Payable within one year	10,000	833
	Payable after one year	40,000	49,167

Creditors: amounts falling due within one year
		2021	2020
	Notes
Bank loans	13	10,000	833
Other taxation and social security		-	441
Trade creditors		2,762	1,444
Other creditors		20,400	34,400
Accruals and deferred income		8,173	6,975
		41,335	44,093
Included in other creditors are loans from the following:

			2021	2020
		Notes
	Bank loans	13	40,000	49,167
	Bank loans
	Debt due in one year or less		10,000	833
	In more than one year but not more than two years		10,000	10,000
	In more than two years but not more than three years		30,000	30,000
	In more that five years		-	9,167
			50,000	50,000
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				Movement		Movement
				in funds		in funds
			Balance at	Incoming	Balance at	Incoming	Balance at
			1 January 2020	resourcesi	January 2021	resources	31 December
							2021
	Oxygen Compressor Fund		683	-	683	-	683
			683	-	683	-	683
	OxygenCompressor Fund is to provide funds to			replace the compressor onthe oxygen			tank when
	required.
19	Analysis of net assets between funds
		Unrestricted	RestrictedTotal		Unrestricted	RestrictedTotal
		funds	funds		funds	funds
		2021	2021	2021	2020	2020	2020
	Fund balances at 31
	December 2021 are
	represented by:
	Tangible assets	528,302	-	528,302	543,046	-	543,046
	Current assets/
	(liabilities)	(7,654)	20,624	12,970	(15,525)	20,624	5,782
	Long term liabilities	(40,000)	-	(40,000)	(49,167)	-	(49,167
		480,648	20,624	501,272	478,354	20,624	499,661