HARROW MULTIPLE SCLEROSIS THERAPY CKNTRE LIMITED (A COTnpany limited by guaTantee) RFPORT AND FINANCIAL ATEmENTs FOR THE YF.AR ENDED 31 DECEMBER 2021 Regbtered Company No 2215153 Registered Charity No 299525
HARROW IWLTIPLE SCLEROSIS THEIL4PY cElYlE iJMITED Contents Page Report of the Trustees The Covid-19 pandemic Our purposes and activities Our achi¢v¢m¢nts and perforniance Financid review Plans for periods Reference and administraiiv¢ details Struclur¢. governance and management Trusiees. responsibiliti in respect to th¢ financial sthtements Indep¢Dd¢n¢ Examitier's Rep)rt md Ststement Flnncial statements Statement of fin8n¢ial activities- (inc. inwme & ¢xlnditUre) Balance sheet Ststem¢nt of ¢ash flow Notes to the financial stytements 10 12-20 Min*gement information Detsiled ststemenl of financial activities
HARROW MULTIPLE SCLEROSIS THERAPY CENTrE LIMrrED Report of the Trnstees for the yeAr ended 31 December 2021 The trustees present their annual directors, report together with the financial statements of the charity for the year ending 3 1st December 2021 which are also prepared to meet the requirements for a directors, report and accounts for Companies Acl pwposes. The financial statements comply with the Charities Act 2011, the Companies Act 21X)6, the Memoratidum and Articles of Association. and Accounting and RetM)rting by Charities.. Statrment of Recommended Practice applicable io charities preparing their accoLmts in accordance with the Financial Reporting Stsndard applithle in the UK Republic of Ireland (FRS 102) (effective l January 2015). Tbe Covid-19 pandemic Centr¢ Closure A meeting of the Trustees was held and again it was agreed that the Centre would close on 21 December 2020 and would not reopen until it was deemed safe to do so. This decision was taken in order to prolect boih clients and staff. The majority of the staff has ken furloughed under the Govemmeni scheme. The Centre reopened for High dose Oxygen therdpy on l March 2021 and for physiotherdpy on 15 March 2021. During 2021 the Centre received considerable financial support by way of the Govemment Job Support Scheme (Furlough) and from The Nation81 Lottery Community Fund (Covid Community Support Fund), d¢lails are given in the finan¢ial review note below. Th¢ basis for the preparntion of the financial Stskments is set out tn no l on page 12. Our purw)ses nd Activities The principal object of the Charity is to offer therdPi&% to people with Multiple Sclerosis in order to help manage th¢ symptoms of the dise. AthieYemeDts alld perforniaDee Clieni.service.f, advice and infnmaiion The Charity's core treatments remain neuro-physiotherapy and oxygen treaimenl. Access lo these service5 is freely available to all aff¢¢led by MS, subj¢¢l to tr¢athi¢nts and other s¢rvi¢¢ provisions being suitabl¢ and beneficial to the 1ndividL1S concerned, and the charity'5 available resources. Treatments are under ihe guidance of the Head of Phy5iotherapy Services, the day-I0-day management of physiotherapy session5 is carried out by two Chartered Physiothernpists, supported by a team of professionals. Our domiciliary service h&8 enabled members who were un&ble to come to the Centre to b¢n¢fiL on a short-lern) basis. from treatment ai home. The number of physiotherapy clients during the year w&$ 159 (2020- 160) and the number of physiotherapy treatments w&s 4.580 {2020- 3,462). Our oxygen s¢rvi¢< run by the Deputy Centre Manger. deliverd 3,656 (2020- 2,353) trealments in 202110 a totsl of133 (2020- 139) clients. During the year the Charity continued to 1 UFth expertise of professioTlS froTn a range of organisations for help with such matters &s benefits advice, stla1151 MS services and rehabilitation.
HARROW MULTIPLE SCLEROSIS THERAPY CEThiE LIMITED Report of the Trn8t¢e8 for the ye4r eDded 31 Deeember 2021 (eonrfnued) Athievemellts and perforniallce (Colllinued) Siaff Training apdDevelopment Our physiotherapy staffs conlinue lo keep up io date with theiT professional skills, attending regular study days with sthff from other members of MS National Therdpy C¢ntres. Oxygen therapy slaff and volunteers also undergo regular training consislent with the Stsndards latd down by MS National Therdpy Centres. Membership During the yearthere were a totsl of 243 (2020-224) member¥ of whom over half were active clients who came in for treatment and the remainder were family m¢mb¢rs, carers and supporters of the Charity and its work. Members are required to pay an annual subscription of£30 atthe beginnin8 of each year. Membership lapses if th¢ subscription is noi paid within 12 months. Y(Jlwileers The work of the Charity would not b¢ possible without the continuing help of our volunieers. Particular thanks are due to the volunteer operator5 who helFtd with the oxy8en ¢hamber and to those who helped manage our syslem of claiming Gift Aid and also the many members, friends And staff who contributed to our income through sponsored fiuKlraisin8 events and gave time and expertise to help us. The Trustees would like lo thank them all for their generosity and support. FIDancial review The Charity's income is derived from the followin8 main sources: donations, membership subscriptions. legacie4 fundraising inwme from trusts and foundations and rnany other ndraiSIng activities. Income on the General Fund incre&sed by £4.090 compared with 2020. Running costs incr¢as¢d by £24,264 arising from certain costs b¢ing meet from a rcstricted grdnt in 2020 but in not 2021. '1'hi5 resulted in an overall surplus of £28,183 for the year (2020 surplus of: £60.067). t)uring 2021 the Centre benefitt¢d from the Governmeni Job Support Scheme (Furlough) receiving £31,557, this enabled staff to be retained. Without ail this support the Centre would have suffered a significant fall in its reserves. Inyestmentpowers andpollcy The day-tdaY fund8 nf the Charity are held in a CAF Bank C&sh Ac£04mt and an interesl-yielding CAF Bank Gold Account. Under the CAF Bank's scheme of automatic transfers. whenever a payment is required or income 18 rettived, money is transferred between the Gold Account and the Cash Account. leaving the Cash A¢¢ouni balance at a constant £100. This has the advantage of Mlm1$in8 interest and reducing administrdtion costs. There is also x currerkt and deposil account with HSBC oFDed to minimise bank charges. In order to spread the investment risL the Chwity also has £80.000 in a charities terni dep)sit account with the ShawbTwk Bank.
HARROW MULTIPLE SCLEROSIS THERAPY CENlliE LIMrrED Report of the Tryslees for the ye4r ended 31 December 2021 (conlinued) Financial review (continued) Policy on reseryes The TnteeS review the Charity's requirements for reseTves in the light of th¢ main risks to the orgarkisation on an annual b8sis. They have established a poli¢y WhebY unrestricled funds not commill¢d or invested in tangible fixed assets held by the Charity should be divided between running COS equivalenl to not less than six months IrMal budgeted expenditu. and a Development Fund to be used to implement future plans io include the possible development of new PTemises. Budgeicd eXnditUre for 2022 is fo&$1 lo be £290,360 making the targei for reserves to cover six months running costs of £145,180. In nomial ¢irciim51ances the Trustees believe thal at this level they would be able to continue the curreni activities and commiknents of the Charity in the evenl of a significant drop in fijndin During the year the Charity's bank balances incre&sed by £20.536 (2020 increase £74.403) and its capital and reseryes increased by £28.182 {2020 increase £60,067). Seiiing &8ide the £126.000 reserves to be held agai[ runnin8 costs. the restricted funds recorded a surplus of £2,539 leaving the remainder of the Development Fund sthnding the end of 2021 at £197,771. Revenue FundraiTing The Trustees are very grafrful lo Tnlsts and Foundations for their continued generosity and support given that the low inleresi raies has led to stiff competition for dcjnaiions. The Trustees decided to use the setvic¢s of a professional Fund Raiser and are pleased to report th this has resulted in significant grants being received in early months of 2021. Charity FW1draIn8 The pandemic has meant that th¢ fundraising committee h&5 not b¢¢n as aGtive as in previous years. It is hOd that it will resume its activities in 2022. Ncver-the-less the Trustees wish to thank all those who gave their time and effort in raising a crucial part of our income, without whi¢h ihe Charity could not continue. The Trustees also wished io thank those who used their birthdays and anniversaries &$ ¢xwions to raise funds for the Charity. Planj for future periods The Trnstees will continue to look closely at ways of incre&sing income and minimising expenditure without uThluly redu¢ingeither the scale or quality ofthe service. They will be conlinuingtheir efforts to impress on members and friends that. untess they are willingto support the fundrdisers and Consider volunteering. in however m(MJesl a capty. our Charity cannot survive. We continue our aspiraiion lo find larger premises. although it seerns unlikely in the pres¢nt cir¢umstances that this will come lo fruition in the near fvre. We will explore further possibilities should any other avenue of enquiry present itself.
HARROW MULTIPLE SCLEROSIS THERAPY CENfRE LIMrrED Report of the Trnstees for the year ended 31 December 2021 (conlinued) Reference and administrative detsils Charity registration number= 299525 Company registrdtion number.. 2215153 Registered offic¢.' Harrow School Farni. Watford Road Harrow. MIDDLESEX. HAI 3TS Our th4visers Bankers.. CAF Bank Lid. Kings Hill, West Mallin& KENT ME19 4TA HSBC , 26-28 St Ann's Road. Harrow, MIDDLESEX HA I ILA Solicilors.. Genga & Co.. 588 High Road, Wembley, MIDDLESEX HAO 2AF Insurers.. Towergate MIA. King5 COUTL London Road, Stevenage, HERTS. SGI 2GA Ind#p¢Adnl thmiinÈr." C Malanga ACA, Church Hill Collage. Church IAne. Haslemere. SURREY GU27 2BJ Diretor$ andtrwiees The director5 of the charitable company (the charity) are its trleeS for the purpose of charity law. The trust¢es and officers SeIng during the year aTrJ sinc£ the year end were as follows.. Jeremy Ridout Cllie Brighth)an Anthony Flanigan Fotoula Karamouzos Farid Kazi Amit Pandoria Jane PeTry Hetal Shah Chair Secretary Key managemenlpersonnel.. Lynn Hurst Saln Martyn Apek5h& Patel Centre Manager Depuly Manager Head of Physiotherapy Services StCtUre, Governanee and MDxgtment Cillverning Dncwnenl The organisation is a charitable company limited by guarantee, in¢orporat¢d on 29 January 1988 and registered &$ a charity on 14 November 1988. In the eveni of th¢ company ixing wound up. Members are required lo contribufr an amount limited to £1. Thc organisation was established und¢r a Memorandum of Aociation which set out the objects and powers of the charitsble company and is governed under its Articles of Association. Appoinlmenl of Tnlee$ Under the Memorandum and Arti¢l¢s, the number of Trustees is limited to nine, including the officers of the Charity. A rotating system of retirem¢nt is in place in order to ensure the continued refreshment of the Board. Tn]stees are elected to serve for three yea@ after which they are eligyble lo be re- clcctcd for a further period of up to three years at the next Annual General Meetin& Subject to their availability and the needs of the Charity. The otTicers of the Charity (Chair. Treasurer and Seuetary) are appointed from among their number by ordinary resolulion of the TnL8tees. They hold office for three years froEn the date of their appointment &8 officers, and can be appginted for a fithr three year5 by their fellow Trustees if it is in the best interests of the Charity.
HARROW MULTtPLE SCLEROSIS THERAPY CENTRE LIMITED Rew)rt of the Trnsttts for th¢ yar ended 31 D¢¢ember 2021 (eonlin¥ed) Structure Governance and Management (coRlin4ed) Compo4vilion ofihe B0d Be¢#5¢fIh¢ nature ofthe organisat¥ow and the self-help principle on which il is based, the Charity's work incvitsbly focuses on the needs of its Members with MS. Th¢ Board wants to ensure thai the ¢omFxJsition of the governin8 body is bat8n¢¢d to ilUde TnLSte¢s with the skills and experience to set the Charity's governance on a professional footin& and Trvstees with personal insighi into the needs and interests of the charity's users. Steps are being taken to fill the current vacaleS and proposed wididales will be nomIned at the n¢xt AGM Details of ihe current TreeS are given al)ove. The Charity's members are drawn mainly from the West London Boroughs of HaTrow, Ealin& Barn. Brenl and Hillingdon. and also n¢ighbouring ar of Hertfordshire. A significant proportion of members with MS are from ethnic minority communities. and the Charity wishes lo ensure that they, loo, are represented on the Board. Organisalion The Trustees are responsible for the straiegic direction and poli¢y of the Charity. The day-to-day provision of services rests with the Centre Manager, her DepLsty &nd the professional staff led by the Head of Physiotherapy Servi¢¢s. Th¢s¢ thtre senior members of the team attend Board meetings in a reporting ¢apa¢ily, as do the Development and Community Fundraisers when required. There were 6 fortnal 'fNstee Board meetings during the year with an average attendance of 62.5ts/0. The Trusfres have much appre¢iafrd the wn¢inu wmmitment of ih¢ staff, many of whom have freely given lime in a voluntary capacity on top of their professional duties. Relaledparlie.f and co-nperalion wilh niher nrgani.$alio None of our trustees receive remuneralion or other benefil from their work with the charity. The Charity remains an tive member of Multiple Sclerosis Nional Thctapy Centres, a federation from which we derive benefits including trainin& operation and treathieni proIclS. bulk buying concessions and mutual SUPFrf)rt. We also have links with the MS S(Kiety and keep in t0h with other le*Jing MS organisations in the UK. including the MS Trust and MS Resource Centre. Paypolicyfor senior staff The pay of the physiotherdpists is reviewed annually and at the discrdion noTmally increased in accordance with average ¢arnings or inflation. In view of the nature of the ¢haTity, the tNslees b¢n¢hmark against pay levels in the NHS. Th¢ pay of thc other staff is again reviewed annually and at the Irustees discretion nornially increased in accordance with average earnings or inflatton.
HARROW MULTIPLE SCLEROSIS THERAPY CEJ4TRE LIMITED Report of the Trnsttts for the year etsded 31 Detembtr 2021 (conliTrued) Structure, Governanee #Dd Manageme1 Cconthued) Risk managemeni The Trustees assess them4jOTTi$ks to whi¢h the Charity is exrMJwJ on an annual basis. Wh¢r¢ appropriate. systems and procedures have been put in place to mitigate the risks the Charity faces and any impact they may have in the ffijre. SignificAnt exiernal risks io funding are assessed in the context of the curreni fmoncial climate. The Clwity's FKtrli¢y on res¢rv¢$ is adjusted accordingly and measures are put in pl¢ io develop new sources of funding and sthbilise and con501idate running costs. Internal control risky are minimised by the implementation of procedures for the authorisation of all transa¢tion5 and projects. These include ihe involvement of individual Tru¢ with fundraising and donations. Pro¢¢dur¢s are in pl¢ to ensure compliance with Health and Safety regulations in regr1 of staff. volunteers, clients and visitors to the Centr¢. M¢mbets of sraff dirtlY involved with patient care are subject to appropriate DBS checks. Rexulation of Type 3 Oxi¥en Chambers The statutory requirement for independent regulation of Type 3 oxygen chambers ee&s¢d in April 2009 and the regulatory function became the responsibility of MS N4tional Therapy Centres. Due io the pandemic no training took pla¢e during 2020. However, during 2019 the trdiner from MS National delivered our annual training session and kept the Centr¢ up datr with new procedures throughout the year. Tru$tee5' responsibilities in relatlon to the IlnTrei81 sttem¢Dts The charity tNstees (who are also the directors of Harrow Multiple Sckr05is Therdpy Centre Limited for the purposes of company law) are rpOnSIble for preparing a trustees, annual rep)rt and finan¢ial siatements in a¢¢ordanr¢ with applicable law and United Kingdom Accounting Standards (United Kingdom Generally Accepted Accounting Practice). Company law requires the charity trustees io prepare financial sNements for each year which give a true and fair view of ihe state of affairs of the charity and the incoming resources and appli¢ation of resources, including the income and expenditu, of the charity for that peri(xJ. In preparing the financial statements, Ihe trustees are required io.. seleci suitabl¢ a¢¢ounling policie5 and then apply them consistently. observe the methods and principles in the Charities SORP. make judgements and esttmates that are renable and prudent; stste whether applicabl¢ UK aoUntIng 51andariL8 have been followed, subjeth to ony mat¢rial d¢partures disclosed and explained in the financial stat¢m¢nts; prepare the financial statements on the goin8 ¢onc¢rn basis unless it is inappropriate to presume that the charity will wntinue in business. The trnstecs are r¢sponsibl¢ for keeping proper accouniing records that disclose with reasonable accuracy at any time the financial position of the charity and io enable them to ensure that the financial statements comply with the Companies Act 2006. They are also responsible for safeguardin8 the assets of the charity and the group and hence thking rewnable sleps for the prevention and detection of fraud and other irregularities. The $tec$ are responsible for the maintenanee and int¢grity of the COTpora(e and financial inforn)ation Included on the ¢hari¢able cotnpany's website. Legislation in th¢ Uniied Kingd¢)m governing the prepardtion and disseminaiion of financial stht¢Tn¢nts Tnay differ from legislation other jurisdictions. Independent Ex#min¢r Caroline Malanga ACA w&$ re-appointed &s the Chariry's Independent Examiner during the year and h&s expressed her willingness io conlinu¢ Tn that capacity. Approved by the B Trnstees and signed ffi its half by: Jeremy Ridout Chgir 4Dd Trusttt 2022
lIEFENDE1wT EXAlR's REPORT TO THE TRusfEES OF HARROW MULTIPLE SCLEROSIS THERAPY CENTRE LIMITED I report on the coUnts of the company for the year ended 31 DeCeMr 2021. which are set out on pages 9 to 20. Respecttye duti&s of¢rustefs #Dd exthmiller The ttuste¢s {who are also the dire¢tors of the ¢ompany for the purp)ses of company law) are resw>nsiblc for th¢ prcparalion of thc ac£ounts. Thc trLLS*cs ronsider that an audit is not r¢quir¢d for this year under section 144{2) of the Charities Act 2011 (the 2011 Act) and that an independent examinalion is needed. Having satisfied myself that the cTrwity is not subject to audit under Company law and is eligible for independent examination. it is my responsibility lo: examine the accounts undLY section 145 of the 2011 ACL to follow the predureS laid down in the general Dire¢tions given by the Charity Commissioners under section 145 {5) of the 2011 Act,. and to slate whether particular matters have come to my attention. B%sls of Independent eumlner's report My examination w&% &4rried out in accordance with the general Directions given by the Charily Commission¢rs. An eL2minalion includes a revi¢w of the a¢counting records kept by the charity and a comparison of the aOUnts pr&senied with ihose records. li also includes consideralion ofany unusual items or disclosures in the accounts, and seeking explanations from you as trustees concerning such matter5. The procedures undertaken do not provide all the evidence that would be required in an audit and consequently no opinion is given to whether the accounts present a 'true and fair view. and the r¢p)rt is limit¢d lo thos¢ matters set OLrt in the s¢at¢ment bclow. IDdependent examiner's statement In wnn¢¢tion with my examinatio no matter has come to my attention.. (l) which gives m¢ reasonable use lo believe thal in any material resPt the requirements: to keep accounting records in accordance with section 386 of the Companies Act to prepare accounts which accord wilh the accounting records, coinply with the requirements of seclion 396 of the Companies Act 2006 and with the metknds and principles of the Statement of R¢¢omm¢tkl¢d Pra¢ti¢¢'. A¢counting and Reporting by Charities h&$ not been mel or (2) to which in my opinion, attention should be drnwn in ord¢r to ¢nable a proper understanding ofthe aOts to be rhed. Chartered Accountant 2022
HARROW IuLTIPLE SCLEROSIS THERAPY CENTRE LIMITED STATEMENT OF FINANCIAL AcfiviTIFS (Including Income lld Expettdi¢ure Aetoullt) FOR THE YEAR ENDED 31 DKCEMBER 2021 2021 202 Notes Unrestrleted Totsl Total Gtntrsl Fund D¢velop- ID¢ome from:. Donations & lewies 252,054 39,604 291.658 298,437 Investments- interest 488 488 1,329 T•tAI incorne 251542 39.604 292.146 299,766 Expettdlture :_ RwSLng funds 6.859 6.859 1,937 Charitsble activities 216.412 40.692 257,104 237,742 Tot41 expendlture 223271 40,692 263.963 239,699 Net Intome 29271 (1.088) 28.183 60,067 Transfers betweell runds (25,181) 25.181 Ne¢ movement i funds 25.181 (1,088) 28.183 60,067 RetODcilixtiOll Df funds:. Total fuDds brought rorw8rd 121.910 172,5 3.628 298.128 238,061 Totsl fMtsd8 urrled rorwrd 126.( 197.771 2J40 326.311 298,128 The statemeni of financial adivities includes all gains and losses recolSed in the year. All income and exjdlfvfft (krive5 from c4)ntinuing activities.
HARROW MULTIPLE SCLEROSIS THERAPY CENfRE iIMrrED BALANCE SHEET AS AT 31 DECEMBER 2021 2021 2020 Notss Fixed assets Tangible assets 9,393 3,672 Totslfiredas$ers 3,672 Currellt #ssets Debtors Cash at bank and in hand 10 10.019 343,732 9,781 323,196 roial ¢wreni assets 353 751 332,977 Liabiliti¢8 Creditors. amounts falling due within one year li 36,833 38,521 Nel cwrenl afsels 316.918 294.456 Tolol nel 4wel$ 326,31 298 128 The fuDd8 ofthe ¢bArity:. Restricted Unrestricted- general - designated 2,540 126,(KKI 197.771 3.628 121,910 172.590 Tolal charityfv 13 326311 298,128 For the finance year ended 31 December 2016 ihe Charity was entiiled io exemption from audit under section 477 Companies Act 2006. No member has deposited a notice, pursuanl to section 476, requiring an audit of ihese financial statements under the requirements of the Companies Act 2006. The trustees acknowledge iheir sPonsIbl1111eS for ensuring that the charitsble company keeps proper accounting records which comply with section 386 of the Ad and for preparing finan¢ial thtements which give a true and fair view of the stale of affairs of the organisation as at the end of the financial year and of its surplus or deficil for the financial year in ac¢ordan¢¢ with the requirements of section 394 and 395 and which otherwise comply with the requirements of the Companies A¢1 2006 relating to ac¢ounts, so far as applicable to the company. The notes at pages 12 to 20 fomi part of these accounts. These financia] s ve been approved by the Board of Trustees and signed on its behalf by". Jeremy Ridout (Chair and TTUStee) Date lg ¢39 022 io
HARROW MULTIPLE SCLEROSIS THERAPY CENlliE IJMrfED ST ATFMENf OF CASH FLOW FOR THE YEAR ENDED 31 DECEMBER 2021 2021 2020 Cash generated in operating activity (see below) 27.597 74,658 Cash flows from investing activities Interest income 488 1,329 Purchase of tangible fixed 8&8ets (7.549) (1.584) Cash provlded by (used ltt) thvestlng a¢tivStles 17.061) (255) Increase (deemst) In e8h lld esh equlvlethts ltt the ye#r 20.536 74,403 C&8h and cash equiva]ents at the beginning of the year 323.196 248.793 Total cash and rash eqvivaleThts at the end of the year 343,732 323.196 Re¢oDclll*tlon of De¢ movement In funds to net Ilow from operatlng a¢tfvlile8 2021 2020 Net movement in futyls Add back depreciation Deduct interest shown as inv¢sting activities Decre&sel(Incr¢a8e) in debtors (De¢r¢aseyln¢rease in Creditors 28,182 1,828 (488) (237) (1.688) 60.067 2.382 (1,329) (1,069) 14.607 Net c&sh generat/(used) in 0ratIng activities 27.597 74.6.58
HARROW MULTIPLE SCLEROSIS THERAPY CENlliE LIMrrED NOTES TO THE ACCOUNTS FOR THE YEAR ENDED 31 DECEMBER 2021 Aceoulltin% Po]ieies The princip accounting p)licies adopted. judgments and key sources of estimation uncertainty in the preparation of the finan¢ial slat¢ments are as follows". a) Basis of preparation The financial statements have b¢¢n prepgred in accordance with ArKounting and Reporttng by Chariiies.. Siatement of RecoTnmended Practice applicable to charities preparing t])eir accounts in accordance with the Financial Retx)rting Standard applicable in the UK and Republic of Ireland (FRS 102) (effective l January 2015) - (Charilies SORP (FRS 102)), the Financial Reporting 8thndard applicable in ihe IJK and Republic of Ireland {FR8 102) and the Companies Aa 2(X>6. Harrow Multiple Sclerosis Therapy Centre Limited meets the definition of a public benefit entity under FRS 102. Assets and liabilities are initially recognised historical cost or transaction value unless othen¥ise swe4J in the Telev8nt accowlting policy notes. b) Preparntion of the accounts on a going c0crn basis and th¢ Covid-19 pandemic The Charity closed its therapy Cenire on Saturday 21 Marth 2020 following the Covid-19 pandemic. It reopened durin8 the year bul again closed on 21 Dec¢mber 2020. It re-opened in March 2021 but ai a reduced level of activity. However, having considered the period twelve months from the date of the approval of these financial statements and the Centre's financial resources ihe Truste consider that the charity h&$ adequate resources for this period. Accordingly, the going concern basis ¢onlinues lo be used in preparing the financial ststements as outlined in the Ststemeni of Trustees ResnSIbIlitieS on page 7. ) Income In¢om¢ is recognised when the charity has ¢ntitlement to the fund any performance conditions attach¢d to the itern(s) of incom¢ have been mel it is probable that the income will be received thc amount can be measurejj reliably. Income from grants. whether'capital, grants or'revenue, granL% is re¢ognised when: the charity h&$ entitlement to the futMIs any perfomiance conditions attached to the grants have ixen met il is probable the income will be received the amounl can k measured reliably and is noi deferred. 12
HARROW MULTIPLE SCLEROSIS THERAPY CENfRE LIMITED NOTES TO THE ACCOUNTS Icontinued) FOR THE YEAR ENDED 31 DECEMBER 2021 A¢¢ountillg policies (¢otttiDued) c) Income continued For legacies, entitlement is taken as the earlier of :_ the date on which ihe charity is aware that probate h&$ been grant the affairs of the estste been finalised and the chartty h&8 been notified of the distribution when the distribution has been received. Wh¢r¢ l¢ga¢i¢s have i*en notified io the Charity. or the charity is aware of the grdnting of probate the legacy is treated as a contingent wet and disc105ed if material. d) Donated services and fmcilities In accordance with the Charities SORP (FRS 102). general volunteer time is nol re¢ognised, the trusiees. annual report must be referred to for more inforn)alion aiKJUt their contribution. However. donated professional services and donaied facilities are recognised as income if the charity has control over the ilem, any conditions as)CIated with the donated item have ken Inet, the receipt of CnOmiC knefii from the use by the charity of the iiem is probable and that economic knefil measured reliably. On receipL donated professional services and donated facilities are re¢ognised on the basis of the value of the gift to the charity which is the amount the charity would have been willing to pay to obtain services or facilitics of ¢quival¢nl economic benefii on the open markeL a corresponding amount is then Tecognised in expenditure in the peri(NJ of rweipL e) Fund accounting Unreslricted funds are available lo spend on activities that further any of ihe purposes of harity. D¢signal¢d funds are unrestricied funds of the charity which the trustees have decided &t their di$¢10n to set &side io use for a specific purpose. Restricted funds are donations which the donor h&% specified are to be solely wd for parlicular areas of the Trust's work or for specific projects being undertaken by the charity. The D¢v¢lopmeni Fund. which is a designated fund. represents funds transf¢rr¢d from thc G¢neral Fund. The Development Fund is expendable at th¢ dis¢r¢tion of the I'ruslees in the furtherance of the objects of the charity in implementing future plans, including the p05sibl¢ development of new pTrmise& D Expenditure Expenditure is re¢ognised once there is a lega] or constructive obligation to make a payment to a third party. il is probable ihat settlement will be required and the amount of ihe obligation can be measured reliably. ExpeThlilure is classified under the following tiVity headings.. • Costs of raising funds. Expenditure on charitsble activities Other expenditure represents those ilems not falling inio any other heAding. g) AllatiOn of support costs Support costs are those functions that &]St the work of the charity but do not dir¢ctly undertake charitable activi¢i¢s. Supw)rt $ts include back office cost& finance, personnel, payroll and governance costs which supwt the Trnsts activities. These costs have been allocated tween c05t of rdisjng funds.and expenditure on charitable activities. The bases on which support costs have been allocated are set out in note 5. 13
HARROW MULTIPLE SCLEROSIS THERAPY CENTRE LThfrrED NOTES TO THE ACCOUNTS (eotttiDued) FOR THE YEAR ENDED 31 DECEMBER 2021 Aecountillg policies (¢ontillu) h) Tangible fixed assets Individual fixed assets costing £100 or more are capitalised at cost and are depreciated over their estimated use1 economic lives on a straight line basis as follows.. Furniture. fittings and equipment: - 5 years Leasehold improvements - remainder of lease i) Debtors Trade and other debtors ar¢ rwJgnis¢d at th¢ settlement amount due after any trade discount offered. Prepayments are valued ai the amount prepaid net of any trade discounts due. j) C&sh at bank and in hand Cash at bank and ush in hand includes cash and short terni highly liquid investments wilh a short maturity of three months or less from the dale of acquisition or opening of the deposit or similar account. k) Creditors and provisions Creditors and provisions are recognised where the charity has a present obligation resulting from a past event thai will probably result in the trdnsfer of funds to a third party and the amouni due to settle the obligation can be me&sured or estimated reliably. Creditors and provisions Are normally rQgls at their %ttl¢menl amount after allowing for any trade dis¢ounts due. 14
HARROW IuLTIPLE SCLEROSIS THERAPY CENfRE LIMrrED NOTES TO THE ACCOUNTS (eontlnued) FOR THE YEAR F.NDF.D 31 DF.CF.MBF,R 2021 Legal staths of the Charity The Charity is a company limitsd by guarantee and h&s TK) share capital. The liability of each member in the event of windin8-up is limited to £1. Don¢ions and legacies 2021 2020 General Rutrieted To¢al DonlOnS (incluthng pnembershipfees) 155,760 1 55.760 179.548 Legacies 15270 15,270 2.000 Fundraising 43.574 43,574 13.371 Other activities 5.893 5.893 2.004 Grants'.- Job supwrt scheme The National l.ottery Community fund (Coronavirus Communi Support Fund) Other Other grants 31,557 31.557 53.305 39,604 39.604 46.659 1,550 252,054 39,604 291.658 298,437 ExpeDditure on ehrit*ble •¢¢ivtlieJ 2021 2020 Genergl Restricted Total Physiotherapy 120,454 7.599 128,053 126,071 Hyperbari¢ oxy8¢n therdpy 64,118 9.513 73.631 61,522 Other therapies 430 Premises expenses 624 14.938 15.562 11,617 Office costs (note 5) 31.141 8.642 39,783 38,027 Govemance costs 75 75 75 216,412 40.692 257,104 237.742 15
HARROW MULTIPLE SCLEROSIS THERAPY CEiYfRE LIMrtED NOTES TO THE AcCourS {toDtinued) FOR THE YEAR ENDED 31 DECEMBER 2021 Anatysis of support and governAn¢e costs 2021 Governan¢e Support To¢AI BasL8 of pportiODm¢nt Salaries General office Tne¢s, insurance 35.595 5.318 35.595 5.318 75 75 75 Apportioned: charitable activities fund raising 39,783 1.130 40.913 75 39.858 } Cost of activity 75 Staff eosts 2021 2020 Staff Costs.. Wages and salaries Social security costs Pension Costs 2(K).084 9.810 3.140 213034 193,930 8.101 2.601 204 632 No employee earned £60,000 per annum or more (2019 Nil) Staff numbers The average number of employ¢&s (all of whom were part time) duTing the year was 16 (2019.. 16) 21)21 No. 2020 No. Physiotherapy HyFrbari¢ oxygen therapy Office 12 12 16 16 Net IDeome for the 2021 2020 This is stated after char8inFJ(crediting): Depreciation .828 2.382 16
HARROW MULTIPLE SCLEROSIS THERAPY CEThiE LIMrrED NOTES TO THE ACCOUNTS (coDtiDued) FOR THE YEAR ENDED 31 DECEMBER 2021 T*ngible a55ets Furnitur rittings and equipmen Leasehold Improve- m¢nts Totsl C051 At beginning of the year Additions 100,662 7.549 40.406 141,068 7,549 Ai ihe endofiheyear 108.211 40.406 148,617 Depreciation At th¢ beginning of the year Charge for year 96,990 1,828 40,406 137,396 1,828 At ihe epkl0f1he{¥ 98,818 40.406 139,224 Net bwk value at beginning of the year 3,672 3.672 Net book value at the end of the year 9.393 9,393 io. Debtors 2021 2020 Prcpayments Other debtors 2.970 7.049 2,186 7.595 10.019 ii. Creditors 2021 2020 Accruals Other creditors Taxation and 5(Kial 5¢curity costs 6.345 26,754 3.734 36,833 4,986 28.865 4.670 38.521 17
HARROW MULTIPLE SCLEROSIS THERAPY CENlliE LIMrrED NOTES TO THE ACCOUNTS (¢oDtillued) FOR THE YEAR ENDED 31 DECEMBER 2021 12. Rental cowmltments The Charitable company has an annual commitment of £6.5(K) under a propety lease expiring in less than ten years. The l¢Ls¢ ¢omes lo an end on 30 April 2024. 13. FuDd5 2021 General Fund Develop- mellt fund Restricted fuDd Tot41 Cunds Fixed &ssets 7,059 2,334 9,393 Nel current &%sets 118,941 197.771 206 316.918 126,0(KJ 197,771 2,540 326.311 14. Analys of charitable fund$:_ Movements In uorestrirted funds 2021 IncomiDg resour¢e8 Brought fornard Outgoing resources Carried fornard General fimd Development fund 121,910 172.5(Ki 252,542 25,181 248.452 126,000 197,771 294500 277.723 248,452 323.771 Description, Da¢Mre *nd purpose of t fund. The gcncral fund is a 'frcc rcscrves. aftcr allowing for the designated fund. The designated fund 15 ¢xpendabl¢ at the dIretIon of the Trustees in the furtherance of the objec15 of the charity in implemeniing futtwe plan4 including the N)ssible development of new premises. 18
HARROW IlfULTIPLE SCiEROSiS THERAPY CENTRE LIMITED NOTES TO THE ACCOU[S IcoDtinue FOR THE YEAR ENDED 31 DECEMBER 2021 14. Analysi8 of thri¢ble funds (continued):. Movements ID res¢rl¢ted fund 2021 Brought forward ID¢oming resour¢es Outgoing resour¢es C4rried forward HBO fund The National Lottery Community Fund (Coronavirus Community Support Fund) 12297 12,297 Equipment and equipment maintenance fund 3.628 39.004 40,692 2,540 Premises and related cosi 3,628 51,901 52,989 2,540 Description, nature *nd purpost of tatb fund. The HBO fund. This represents donations made for the specific purpose of providing Oxygen therapies. The National llery Community Fund (Coronavirus Community SupwTrrt Fund) A grdnt of £58,956 received in Sep(emr 2020 10 be spent in the six months lo 31" March 2021. By the 315 December 2020 £46.659 of the grant had been spent. Ac¢ordingly the balance of £12,297 15 recognized in these statement& I'he grant h45 been used to fund the cost of physioiherdpy and certain support co8 of the Centre. Tbe equipment and equipment mainltnance fund. This repr&qents donations made for the specific purpose of providing and mwntaining equipment. Premi8es attd related cost& This reprasents a grant made for purpose of contributing to certain premises: insurance and related costs. 15. Trans•¢¢loDs wlth trnStea (directors) The trustee5 received no remuneration and no expens¢5 were reimbursed. l& Corporgtion tsxation The charity is exempt from tax on income anlgains falling within section 505 of the T&xes Act 1988 or section 252 of the T&xation of Chargeable Gains Act 1992 to the extent that these are applied to its charitable objects. 19
HARROW MULTIPLE SCLEROSIS THERAPY CENfRE LIMrrED NOTES TO THE ACCOUNTS (¢ontiDued) FOR THE YEAR ENDED 31 DECEMBER 2021 17. Contingent liability The roof of the premise occupied by the Centre is not watertighL The roof. which is made of asbestos-cement sheetin& needs lo be repaired and may need io be replaced. The Centre occupies the premise under a tenant repairing le&se and accordingly the Centre may have to bear the cosl. In 2019 an estimate for the repla¢em¢nt was obtained. The estimaie. which included additional items such as replacing the existing ¢¢111 insulation and electrical wirin& w&8 in the region of £IOO,O¢X>. Should it prove necessary to replace the roof ai the Centre's expense it ts hope¢ once an extension to the lease h&s been agreed. to make an appeal for the necessary fLmds. 20
HARROW MULTIPLE sCROs1s THERAPY CENTRE LIMITED DETAILED STATEME£ OF FINANCIAL AcrtvrTIES FOR THE YEAR ENDED 31 DECEMBER 2021 Income 2021 2020 Donations (including membership subscriptiotLS) 155.760 179,548 Legacies 15270 2,000 Events and other fund raising xtivities 43.574 13,371 Grants.. Job support grant (furlough) 31.557 53,305 The National Lottery Community fund (Coronavirus Community Support Fund) 12.297 46,659 Other grants 27.307 1.550 Yoga and exercise 4,029 2,004 Compensation 1,864 Interest received 488 1,329 Tot•l income 292.146 299,766 Expenditure :. Fund rnising 5,729 1,625 - Physiotherapy 128,053 126,071 - Hyperbari¢ oxygen therdpy 73,631 61.522 - Other therapies 430 - Premises 15.562 11.617 - Office costs 40.913 38,359 - Governance 75 75 Total expenditure 263.963 239,699 Net surplus 28,183 60,067 21
HARROW MULTIPLE SCLEROSIS ThERAPY CENTrE LIMITED DETAILED STATEMENT OF FINANCIAL ACIIVITIES (eontiaued) FOR THE YEAR ENDED31 DECEMBER2021 2021 2020 Expenditure on: _ Raising funds - external fund raisu5 - event cxwises 496 5233 5,729 .393 232 .625 Physiothtrpy .5a]ary costs quipm¢nt repairs -in5UTallf< tTav¢l & rt¢TUitm¢rit -troining -equipment depTectation 124.372 873 121.779 1,210 1.012 1.182 128.053 1070 12&071 Hyperbrle oxygen thtrpy •SaI ¢osts Oxygen -cquipm¢nl r¢pairs 55,562 47,686 10.708 3,128 61.522 6.655 73.631 Othtr theraples -yog& 430 430 Premises costs rent &nd rnles 4.807 3.859 3.380 1.629 1,521 366 4,041 3.189 2.439 1,124 616 cleaning light and heat - insurance - premises repair5 - fixture5 and fJttin85 depn 15.562 Office cojts - salary costs subscriptions . 5tationcry and posta8e telq)honc and IT PY4yroll charges - bank charge8 - depreci8tion . rni5cclianeous 33.595 244 699 812 1.738 l.M2 70 912 98 280 1.045 539 40.913 38,359 GoveTn•nce - truees' inwrgmee 75 75 75 75 Total *xpendlthre 263.963 239.699 22