2022-12-31-accounts - Harrow Multiple Sclerosis Therapy Centre Limited

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Report ofthe Trustees				2 —7
The Covid-19 pandemic
Our purposes and activities
Our achievements and performance
Financial review
Plans for future periods
Reference and administrative	details
Structure, governance and management
Trustees' responsibilities in	respect to the financial		statements
Independent Examiner's Report and Statement
Financial statements
Statement offinancial activities		—(inc. income 4 expenditure)		9
Balance sheet				10
Statement ofcash flow				11
Notes to the financial statements				12- 19

Management information
Detailed statement offinancial	activities	20-21

					2022	2021
Cash generated in operating	activity		(see below)		(44,113)	27,597
Cash flows from investing	activities
Interest income					834	488
Purchase oftangible fixed assets					(250)	(7,549)
Cash provided by (used in)	investing		activities		584	(7,061)
Increase (decrease) in cash	and	cash	equivalents	in	(43,529)	20,536
the year
Cash aud cash equivalents at	the	beginning ofthe year			343,732	323,196
Total cash and cash equivalents		at the	end ofthe year		300,203	343,732

				2022	2021
Net movement in funds				(37,356)	28,182
Add back depreciation				2,740	1,828
Deduct interest shown as	investing	activities		(834)	(488)
Decrease/(increase) in debtors				1,330	(237)
(Decrease)/Increase in creditors				(9,993)	(1,688)
Net cash generated/(used)	in operating		activities	~44, 333	27.397

				2022
			Support	Governance	Total			Basis of
								apportionment
	Salaries		38,995		38,995
	General	office	6,609		6,609
	Trustees'	insurance		75		75
			45,604	75	45,679
	Apportioned:-
	charitable activities fund raising		44,370 1,234	75	44,445 234		} )	Cost ofactivity
			45,604	75	45,679
6.	Staff	costs
						2022		2021
	Staffcosts:
	Wages and salaries					208,526		200,084
	Social security costs						9,381	9,810
	Pension	costs					3,106	3,140
						221,013		213,034

The	average num	ber ofemployees (all ofwhom were part tim	e) during the year was 16(202	1:16)
			2022	2021
			No.	No.
	Physiotherapy		12	12
	Hyperbaric	oxygen therapy	3	2
	Office		1	2
			16	16
8.	Net income for the year
			2022	2021
	This is stated after charging/(crediting):-
	Depreciation		2,740	1,828

9.	Tangible assets
		Furniture,	Leasehol	Total
		fittings	d
		and	Improve
		equipment	-ments
	Cost
	At beginning ofthe year	108,211	40,406	148,617
	Additions	250		250
	At the end ofthe year	108,461	40,406	148,867
	Depreciation
	At the beginning ofthe year	98,818	40406	139224
	Charge for year	2,740		2,740
	At the end ofthe year	101,558	40,406	141,964
	Net book value at beginning ofthe year	9,393		9,393
	Net book value at the end ofthe year	6,903		6,903
10.	Debtors
			2022	2021
	Prepayments		2,787	2,970
	Other debtors		5,902	7,049
			8,689	10,019
11.	Creditors
			2022	2021
	Accruals		5,289	6,345
	Other creditors		18,168	26,754
	Taxation and social security costs		3,383	3,734
			26,840	36,833

Income					2022	2021
						g
Donations (including		membership			190,617	155,760
subscriptions)
Legacies					1,000	15,270
Events and other fund raising activities					32,504	43,574
Grants:
Job support grant (furlough)						31,557
The National	Lottery Community			Fund
(Coronavirus	Community		Support	Fund)	7,993	12,297
Other grants					210	27,307
Yoga and exercise					4,298	4,029
Compensation						1,864
Interest received					834	488
Total income					237,456	292,146
Expenditure:-
- Fund raising					5,526	5,729
-Physiotherapy					127,780	128,053
—Hyperbaric oxygen therapy					70,882	73,63]
- Other therapies Governance
- Premises					24,945	15,562
-Office costs					45,604	40,913
					75	75
Total expenditure					274,812	263,963
Net (deficit)/ surplus					(37,356)	28,183

		2022	2021
Expenditure on:-		I	8
Raising funds
-external fund raisers			496
-event expenses		5,526	5,233
		5,526	5,729
Physiotherapy
-salary costs		124,360	124,372
-equipment repairs		395	873
-insurance, travel &recruitment		1,200	966
-training		229	660
-equipment depreciation		1,824	1,182
		128,008	128,053
Hyperbaric oxygen therapy
-salary costs		56,747	55,562
-oxygen		12,232	11,414
-equipment repairs		1,903	6,655
		70,882	73,631
Other therapies
yes*
Premises costs
-rent and rates		7.403	4,807
- cleaning		4,628	3,859
- light and heat		3,036	3,380
-insurance		1,899	1,629
-premises repairs		7,580	1,521
-fixtures and fittings	depn	400	366
		24,946	15,562
Office costs
-salary costs		38,995	35,595
—subscriptions		193	244
- stationery and postage		887	699
-telephone and IT		2,593	2,040
-payroll charges		912	912
- bank charges		298	98
-depreciation		516	280
—miscellaneous		981	1,045
		45,375	40,913
Governance
-trustees' insurance		75	75
-trustees' expenses
		75	75
Total expenditure		274,812	263,963