Solent Multiple Sclerosis Therapies Limited
Financial Accounts for the Period Ended
31 March 2021
Company Registration Number: 2215154
Solent Multiple Sclerosis Therapies Limited Report and Accounts for the Period Ended 31 March 2021
| CONTENTS | PAGES |
|---|---|
| Report ofthe Directors | 1 |
| Report ofthe Accountant | 2 |
| Statement of Financial Activities | 3 |
| Income and Expenditure Account | 4 |
| Balance Sheet | 5-6 |
| Notes to the Accounts | 7-10 |
| The following pages do notform part ofthe statutory accounts. | |
| Summary Income and ExpenditureAccount | 11 |
| Income Deiail | 12 |
| Physio/Osteo/Reflex/Shiatsu analysis | 13 |
| Bank Balances | 14 |
| Fixed Assets | 15 |
| DetailedIncomeandExpenditureAccount | 16 |
Solent Multiple Sclerosis Therapies Limited Accounts for the Period Ended 31 March 2021
Trustees G Woodhouse - Acting Chairman L Balsom - Company Secretary (Resigned 30.07.2021) D Revill -Company Secretary (Appointed 15.10.2021) P Lee S Stroud A Alexander S Emery A Sandford E Woodhouse R Moorhead D Revill (Appointed 07.04.2021) Registered Office Bradbury House 56 Hewett Road North End Portsmouth Hampshire PO2 0QP Bankers Lloyds TSB plc ; 80NorthLondonEnd Road Portsmouth Hampshire PO2 OLX CAF Bank Limited 25 Kings Hill Avenue Kings Hill West Mailing Kent ME19 4JG Company Number 2215154 Accountants Hunter Simmons Ltd EMP Building, Unit 1 4 Solent Road Havant Hampshire POS 1JH
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Solent Multiple Sclerosis Therapies Limited Report of the Directors for the Period Ended 31 March 2021
Report of the Directars
The diractors herewith present the accounts for the period ended 31 March 2021.
Activities of the Company
The company's principal activity is to aid the condition of those suffering from multiple sclerosis by providing guidance, practical support and therapy to those such persons.
Directors
The directors of the company throughout the year were as follows: P Lee A Alexander S Emery A Sandford E Woodhouse R Moorhen S Stroud G Woodhouse D Revill . The directorsi hold any shares in the company. Charitable Status The company is @ registered charity with the Charity Commissioners in England and Wales.
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Company Number and Charity Number
The company registered number is 2215154 and the Registered Charity number is 299545. Governing Document
The governing document is the Memorandum and Articles of Association.
Trustees
The directors have produced a Directors’ Report as required by Company Law instead of a Trustees' Report.
Registered Office
The registered office of the charity is Bradbury House, 56 Hewett Road, North End, Portsmouth, Hampshire PO2 DOP,
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Exemptions
Advantage has heen taken In the préparation of the Directors' Report of the special exemptions applicable to smali companies conferred by Part 15 of the Companies Act 2006.
By Order of the Board ve ct iss.sL Revill - Company Secretary nates |SLIE/ 20 |
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Accountants Report to the Members of Solent Multiple Sclerosis Therapies Limited
As described on the balance sheet you are responsible for the preparation of the accounts for the year ended 31 March 2021 set out on pages 3 to 10 and you consider that the company is exempt from an audit.
In accordance with your instructions, we have compiled these unaudited accounts, in order to assist in the fulfilment of your statutory responsibilities, from accounting records and information and explanations supplied to us.
Huntersev essucsusesesvertisesssessivssaessessietsseessenesesSimmons Ltd
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EMP Building, Unit1 4 Solent Road Havant Hampshire POS 1JH
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Solent Multiple Sclerosis Therapies Limited Statement of Financial Activities For the Period Ended 31 March 2021
| Notes | Mar-21 | Mar-20 | |
|---|---|---|---|
| Rg | £ | ||
| Genera! Fund | |||
| Incoming Resources: | |||
| Donations: | |||
| Donations and Gifts | 69,109 | 114,866 | |
| Investment Income | 749 | 1,619 | |
| Income from trading activities: | |||
| Related to objects ofthe charity | 0 | 0 | |
| Total incoming resources | 69,858 | 116,485 | |
| Resources Expended: | |||
| Direct Charitable Expenditure | 30,705 | 68,757 | |
| Fund Raising and Publicity | 299 | 2,056 | |
| Managementand Administration | 3 | 67,190 | 76,885 |
| Total resources expended | 4 | 98,194 | 147,698 |
| Net incoming resources | 5 | (28,336) | (31,213) |
| Balances at 31 March 2020 | 375,060 | 406,273 | |
| Balancesat31March2021 | 346,724 | 375,060 |
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Solent Multiple Sclerosis Therapies Limited Income and Expenditure Account For the Period Ended 31 March 2021
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|---|---|---|---|---|---|---|
|Mar-21|Mar-20|
|£|£|
|Total|Income|from|continuing|operations|69,858|116,485|
|Total|expenditure|from|continuing|operations|98,194|147,698|
|Net|income/{expenditure)|for the year|(28,336)|(31,213)|
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There are no recognised gains or losses in 2021 or 2020 other than the net income for the years.
The notes on pages 7 to 10 form part of these accounts 4
Solent Multiple Sclerosis Therapies Limited Balance Sheet As at 31 March 2021
| Notes | Mar-21 | Mar-20 | |||
|---|---|---|---|---|---|
| £ | £ | £ | £ | ||
| Fixed Assets | |||||
| Tangible Assets | 8 | 235,677 | 238,460 | ||
| CurrentAssets | |||||
| Stocks | 9 | 374 | 374 | ||
| Prepayments | - | 2,399 | |||
| Cash atBankand in Hand | 145,449 | 162,574 | |||
| 145,823 | 165,347 | ||||
| Creditors: Amounts due withIn | oneyear | ||||
| Other creditors | 10 | 15,688 | 9,659 | ||
| Net CurrentAssets | 130,135 | 155,688 | |||
| Total NetAssets | 365,812 | 394,148 | |||
| Fund Balances | |||||
| Incomeand ExpenditureAccount | 346,724 | 375,060 | |||
| Reserved Capital | 3,200 | 3,200 | |||
| Operating Reserve Account | 15,888 | 15,888 | |||
| TotalFundBalances | 365,812 | 394,148 |
The Balance Sheet continues on the following page . The notes on pages 7 to 10 form part of these accounts
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Solent Multiple Sclerosis Therapies Limited Balance Sheet (continued) As at 31 March 2021
Directors’ Statement
The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 relating to small companies, for the period ended 31 March 2021.
The members have not required the company to obtain an audit of its financial statements for the period ended 31 March 2021 in accordance with Section 476 of the Companies Act 2006,
The directors acknowledge their responsibilities for:
- (a) ensuring that the company keeps accounting records which comply with Sections 386 and 387 of the Companies Act 2006 and
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- (b) preparing financial statements which give a true and fair view of the state of affairs of the company as at the end of each financial year and of its profit or loss for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the company.
The accounts have been prepared in accordance with the special provisions of Part 15 of the Companies Act 2006 relating to small companies and with the Financial Reporting Standard for Smaller Entities (effective April 2008).
These accounts were approved on.....! aa BORN.
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chlbedbewse: cesvwDirector Gee Ry Woennouwsk
Paul Lee
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The notes on pages 7 to 10 form part of these accounts
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Solent Multiple Sclerosis Therapies Limited Notes to the Accounts For the Period Ended 31 March 2021
1 ACCOUNTING POLICIES
Basis of Accounting
These accounts have been prepared on the basis of the historical cost convention in accordance with the Financial Reporting Standard for Smaller Entities (effective April 2008) and with applicable Accounting Standards, the Accounting and Reporting by Charities - Statement of Recommended Practice (SORP 2005) and the Charities Act 1993.
Incoming Resources
incoming resources are reported gross.
Legacies and Donations
Legacies and donations are accounted for when the resources are receivable or when the charity's entitlement is legally enforceable. Legacies received in the form of property and investments are credited at the lower of probate and market value. Other gifts in kind are included in the accounts at market value. Assets for distribution are recognised only when distributed; assets given for use by the charity are recognised when receivable; stocks of unsold donated goods are not valued for balance sheet purposes.
Grants Receivable
Grants are recognised when receivable.
Direct Charitable Expenditure, Fund Raising, Management and Administration Direct charitable expenditure comprises ail expenditure directly relating to the objects of the charity. When necessary, costs are allocated between direct charitable expenditure fund-raising and management and administration on the basis of apportionment of the relevant expenditure.
Life Subscriptions
There are no life subscriptions
Commitments
Commitments made by the directors that are legally binding have been accrued. Those that are not legally binding have not been charged in the accounts, but disclosed in note 11.
Tangible Flxed Assets and Depreciation
Tangible fixed assets are stated at cost.
Depreciation is provided over the expected useful lives of each category of tangible fixed asset as follows:
Furniture and Office Equipment 25% on net book value Plant and Equipment 25% on net book value Buildings Depreciated to reflect a valuation of £35000 Improvements to Freehold Property 2% on cost The Compression Chamber and previous Improvements to Freehold Property are fully depreciated.
Freehold Land has not been depreciated.
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Solent Multiple Sclerosis Therapies Limited Notes to the Accounts For the Period Ended 31 March 2021
1 ACCOUNTING POLICIES (continued)
Stocks
Stocks are valued at the lower of cost and net realisable value after making due allowance for any obsolete or slow-moving items. Cost includes direct materials, labour and overheads incurred in providing each service. Net realisable value is based on estimated selling price less selling costs.
Cash Flow Statement
The company has taken advantage of the exemption in the Financial Reporting Standard 1 from the requirement to disclose a Statement of Cash Flows on the grounds that it is a small company.
2 INVESTMENT INCOME
| 2 | INVESTMENT INCOME | ||
|---|---|---|---|
| War-21 | Mar-20 | ||
| £ | E | ||
| Bank Interest Receivable | 749 | 1,619 | |
| 3 | MANAGEMENT AND ADMINISTRATION | ||
| Mar-21 | Mar-20 | ||
| E | £ | ||
| Central Managementand Administration | 67,190 | 76,885 | |
| 4 | ANALYSIS OF TOTAL RESOURCES EXPENDED | ||
| Mar-21 | Mar-20 | ||
| E | £ | ||
| Salaries | 67,190 | 76,885 | |
| Utilities | 1,389 | 3,773 | |
| Supplies | 20,688 | 58,879 | |
| Depreciation | 8,927 | 8,164 | |
| 98,194 | 147,698 | ||
| 5 | NET INCOMING RESOURCES | ||
| Mar-21 | Mar-20 | ||
| £ | £ | ||
| This is stated aftercharging: | |||
| Depreciation | 8,927 | 8,161 |
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Solent Multiple Sclerosis Therapies Limited Notes to the Accounts For the Period Ended 31 March 2021
| 6 | INTEREST PAYABLE LESS RECEIVABLE | INTEREST PAYABLE LESS RECEIVABLE | INTEREST PAYABLE LESS RECEIVABLE | ||||
|---|---|---|---|---|---|---|---|
| Mar-21 | Mar-20 | ||||||
| £ | Rg | ||||||
| Bank Interest Receivable | 749 | 1619 | |||||
| 7 | TAXATION | ||||||
| No corporation tax is payable as thecompany | company is a registered | charity. | |||||
| 8 | TANGIBLE FIXEDASSETS | ||||||
| Imp's to | Com- | Plant | —-Furniture | : | |||
| Freehold | Freehold | pression | and | and Office | |||
| Property | Property | Chamber | Equipment Equipment | Total | |||
| Cost | |||||||
| Brought Forward | 254,222 | 39,884 | 22,244 | 60,376 | 6,134 | 382,860 | |
| Additions | 6,144 | 6,144 | |||||
| Disposals | |||||||
| Carried Forward | 254,222 | 39,884 | 22,244 | 66,520 | 6,134 | 389,004 | |
| Depreciation | |||||||
| Brought Forward | 59,980 | 4,884 | 22,244 | 51,821 | 5,471 | 144,400 | |
| Charge forthe year | 5,084 | 3,678 | 165 | 8,927 | |||
| Eliminated on disp's | |||||||
| Carried Forward | 65,064 | 4,884 | 22,244 | 55,499 | 5,636 | 153,327 | |
| Net Book Value | |||||||
| At 31.03.21 | 189,158 | 35,000 | - | 11,021 | 498 | 235,677 | |
| At31.03.20 | 194,242 | 35,000 | - | 8,555 | 663 | 238,460 |
The Improvements to Freehold Property represent the costs incurred for the major refurbishment of the Therapy Centre at Hewett Road, North End, Portsmouth.
The works were completed in 2008.
| 9 | STOCK | |||
|---|---|---|---|---|
| . | Mar-21 | Mar-20 | ||
| £ | £ | |||
| Goodsforresale | 374 | 374 |
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Solent Multiple Sclerosis Therapies Limited Notes to the Accounts For the Period Ended 31 March 2021
10 CREDITORS: AMOUNTS DUE WITHIN ONE YEAR
| Mar-21 | Mar-20 | |
|---|---|---|
| g | £ | |
| Taxation and social security | 13,236 | 8,633 |
| Accruals | 4,026 | 1,026 |
| Other creditors | 1,426 | ~ |
| 15,688 | 9,659 |
11 LIMITED LIABILITY
Every member of the company undertakes to contribute to the assets of the company, in the event of the company being wound up, an amount not exceeding £1.
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Solent Multiple Sclerosis Therapies Limited Summary Income and Expenditure Account For the Period Ended 31 March 2021
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|---|---|---|---|---|---|---|---|
|Mar-21|Mar-20|
|£|g|
|Income|69,858|116,485|
|69,858|116,485|
|Expenditure|
|Oxygen|4,959|7,579|
|Splints|0|0|
|Salaries|67,190|76,885|
|Building|and|Equipment|Repairs|and|Renewals|3,597|7,347|
|Utilities|1,389|3,773|
|General|Office|and|Running|Costs|2,999|7,672|
|Insurance|Premiums|3,220|4,360|
|Diet|Supplements,|Vitamins|and|Goods|for Resale|148|578|
|Provision|of Physio|and|Therapists|4,278|27,575|
|Fund|Raising|Expenses|299|2,056|
|Professional|Fees|1,188|1,712|
|HMRC|Penalty|0|0|
|Depreciation|8,927|8,161|
|98,194|147,698|
|Net|Surplus/(Deficit)|for the Year|(28,336)|(31,213)|
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Solent Multiple Sclerosis Therapies Limited Income Detail
For the Period Ended 31 March 2021
| Mar-21 | Mar-20 | |
|---|---|---|
| £ | £ | |
| APS | 50 | 395 |
| Bank interest | 749 | 1,619 |
| Bequests | ||
| Bonus ball | 679 | 910 |
| Cash control difference | - | 127 |
| Collections | 32 | 4,504 |
| Community events | 623 | 4,068 |
| Corporate grants | 664 | 9,325 |
| Direct book sales | - | 114 |
| Direct debit donations | 696 | |
| Ebay shop | 5,427 | 3,363 |
| EPO | 221 | 542 |
| Equipment donations | - | 245 |
| Gift aid | 806 | 1,099 |
| HDOTdonation | 14,413 | 46,054 |
| Individual donations | 12,031 | 8,980 |
| HMRC Job Retention Scheme | 23,911 | - |
| Masons donations | 250 | 300 |
| Membership | 2,600 | 3,277 |
| Osteo donation | - | 348 |
| Physio donation | 3,002 | 17,302 |
| Raffles & softgames | - | 310 |
| Reflex donations | 990 | 6,526 |
| Shiatsu donations | 120 | 2,265 |
| Solar panel payment | 1,594 | 160 |
| Sponsored events | - | 6,324 |
| Store/pot collections | ||
| Trust donations | 1,000 | 1,328 |
| Used equipment donation | ||
| Yogagroup |
69,858 116,485
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Solent Multiple Sclerosis Therapies Limited Therapy Analysis For the Period Ended 31 March 2021
| Surplus/ | |||
|---|---|---|---|
| Donations | Costs | (Deficit) | |
| £ | £ | g | |
| Physio | 3,002 | 3,346 | (344) |
| Osteo | 0 | 0 | 0 |
| Reflex | 9980 | 782 | 208 |
| Shiatsu | 120 | 150 | (30) |
| 4,112 | 4,278 | (166) |
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Solent Multiple Sclerosis Therapies Limited Bank Analysis
For the Period Ended 31 March 2021
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||||||||
|---|---|---|---|---|---|---|
|Mar-21|Mar-20|
|Lloyds|TSB|
|Current|account|6,652|9,423|
|CAF|Bank|accounts|
|CAFCash|account|10,124|6,326|
|Scottish|Widows|Bank|1,037|7,036|
|Air|Receiver &|Deluge|Tank|Fund|40,572|60,276|
|HDOT chamber emergency|85,226|84,809|
|replacement|reserve|
|Paypal|1,838|704|
|Total|Bank|Balances|145,449|162,574|
|Cash|in|transit|(unbanked|cash)|-|-|
|Total|Bank and|Cash|145,449|162,574|
|Balance|per accounts|145,449|162,574|
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Solent Multiple Sclerosis Therapies Limited Detailed Income and Expenditure Account For the Period Ended 31 March 2021
| Mar-21 | Mar-20 | ||||
|---|---|---|---|---|---|
| £ | £ | ||||
| Income | 69,858 | 116,485 | |||
| 69,858 | 116,485 | ||||
| Direct Costs | |||||
| Fund Raising Costs | 299 | 2,056 | |||
| Provision of Physio and Therapists | 4,278 | ||||
| less contribution | 0 | 4,278 | 27,575 | ||
| Oxygen | 4,959 | ||||
| less contribution | 0 | 4,959 | 7,579 | ||
| Splints | 0 | 0 | |||
| EPO | 148 | 578 | |||
| Payroll Costs | 67,190 | 76,885 | |||
| 76,874 | 114,673 | ||||
| GrossSurplus | (7,016) | 1,812 | |||
| Overheads | |||||
| Building and Equipment Repairs and Renewals | 3,597 | 7,347 | |||
| Utilities | 1,389 | 3,773 | |||
| General Office and Running Costs | 2,999 | 7,672 | |||
| Professional Fees | 1,188 | 1,712 | |||
| HMRC Penalty | 0 | 0 | |||
| Depreciation Insurance |
8,927 3,220 |
8,161 4,360 |
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| 21,320 | 33,025 | ||||
| NetSurplius/(Deflcit)fortheyear | (28,336) | (31,213) | |||
| Building and Equipment Repairs and Renewals | |||||
| Repairs and Maintenance | |||||
| Building Chamber |
3,207 390 3,597 |
6,453 894 7,347 |
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| General Office and Running Costs | |||||
| StaffTraining | 523 | 540 | |||
| Miscellaneous | 199 | 746 | |||
| Telephone | 820 | 807 | |||
| Postage and Stationery | 394 | 354 | |||
| ComputerCosts | 0 | 71 | |||
| Subscriptions Bankcharges |
200 138 |
0 432 |
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| Cleaning and Hygiene | 725 | 4,722 | |||
| 2,999 | 7,672 |
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Solent Multiple Sclerosis Therapies Limited Fixed Assets For the Period Ended 31 March 2021
| Imp’s to | Com- | Plant | Furniture | |||
|---|---|---|---|---|---|---|
| Freehold | Freehold | pression | and | and Office | ||
| Property | Property | Chamber | Equipment | Equipment | Total | |
| Cost | ||||||
| BroughtForward Additions |
254,222 - |
39,884 - |
22,244 - |
60,376 6,144 |
6,134 - |
382,860 6,144 |
| Disposals Carried Forward |
- 254 222 |
- 39,884 |
- 22,244 |
- 66,520 |
- 6,134 |
- 389,004 |
| Depreciation | ||||||
| Brought Forward | 59,980 | 4,884 | 22,244 | 51,821 | 5,471 | 144,400 |
| Charge fortheyear | 5,084 | - | - | 3,678 | 165 | 8,927 |
| Eliminated on disp's | - | - | - | - | - | - |
| Carried Forward | 65,064 | 4,884 | 22,244 | 55,499 | 5,636 | 153,327 |
| Net Book Value | ||||||
| At31.03.21 | 189,158 | 35,000 | - | 11,021 | 498 | 235,677 |
| At31.03.20 | 194,242 | 35,000 | - | 8,555 | 663 | 238,460 |
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