OFFICE COPY Chality registration number 516988 Company rcgistration numkn 01929402 (England & Wales) HEREFORD CENTRE FOR NATURAL HEALTH ANNUAL REPORT AND UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2024
HEREFORD CETrTRE FOR ATURAL HEALTH LEGAL AND ADMINISTRATIVE INFORMATION Trustees Dr B Fraser {Chair) A Lawsoll Dr P Overstall Mrs J James Ms R Kettel Mrs P Steelc Mrs J Goodridgc Secretary Charlty number Mrs J Ablett 516988 Company number 01929402 Registsred oifice Eastholme Avenue Belmont Hereford Nef0rdshlre HR2 7XT Accountant Clare Jenner tla Wycdcan Tax Suite 21 Stirling House Centenary Park Skylon Ccntral Rotherwas Hereford HR2 6FJ
HEREFORD CENTRE FOR NATLTRAL HEALTH CONTENTS CONTENTS PAGE Trnstees, report Independent examiner's report Stat¢roent of financial activities Balance sheet Notes to the financial statements 7-13 Detailed statement of financial activities 14
HEREFORD CENTRE FOR ATURAL HEALTH TRUSTEES, REPORT ONCLUDLNG DIRECTORS, REPORT) FOR THE YEAR ENDED 31 MARCH 24 The Trustees present their rort and fmancial statements for the year ended 31 March 2024. The financial statements have been prq)ared in accordance with the accounting policies set out in note I to the financial stateTnents and comply with the Charity's governing document, thc Companies Act 2(M)6 and "Accounting and Reportillg by Charities: Statemcllt of Recommended Practice applicable to cl]arities preparing their accounts in accordance with the Financial Rewrting Standard applicable In the UK and Rq)ublic of Ireland (FRS 102)" (as amended for accounting periods conJTncncing from I January 2016). ORJECTIVES AND ACTIVITIES Objectives and Activities The Charity's object and its principal activity continucs to be that of providing premiscs and services for practitioners, therapies, answ¢rAng queTiCS about natural health and complementary th¢rapies and participating in events which provide InforntiOn to thc public. The Charity's n1n objectives during l April 2023 to 31 March 2024 were: To promote altcrnative and natLwal approaches to health in addition to maintain the services and premises of the Centre. In addition, to ensure a safe working practice in line with the Govcrnment Guidelines concerning the Covid 19 pandemic which continues to be prevalent. Public benefit We have referred to the guidance contsined in the Clwity Commission's gell1 guidance on public benefit WITh reviewing our aims and objectives and in planning our future activities. In particular, the Trustees Consider how planned activities will contribute to the aims and objectives they have set. ACHtEVEMENTS AND PERFORMANCE Charltable aetivittes RefrIllg to the Objectiv&s, our 8tratcgics for achieving thcse are: The Clwity continued to offer fiEe back and spinal checks duTing the year, as well as opportunities io samplc free trial trca11ncnts and mini consultations with thcrdpists who practicc at the Centre. Special offers wcrc also in place for a p10d of time where mcmbers of thc public could obtain a rcduccd ratc for their first appointiiiellt. Bcncfit: meMbC of the public are able to acc&ss an alternative approach to their diagnosis and gai inforniation and understanding about their state of health and well-bcing. The wcbsite for Hereford Centre for Natural Health is being accessed regularly, as the websit¢ statistics indicate. The wcbsit¢ has now been completely updated and is used in tandem with the Centre's Facebook page and Twitter account. The year has seen a further increase in use of social media to promote the Centre facilitics. It is also used to conv¢y news and inforn]ation about alternative fornis of treatment to a wider public. Benefit: Inforniation on the Centre, the therapies it has available and promotions that are offered can b¢ readily accessed by the public. This provides a forni of free advertising. Pagel I
HEREFORD CENTRE FOR NATURAL HEALTH TRUSTEES, REPORT (INCLUDING DIRECTORS, REPORT) FOR THE YEAR ENDED 31 MARCH 24 The Charity maintains a Bursary Fund, which is used to subsidise the cost of treatments for those who might not otherwise be able to afford treatment at the Centre. In addition, all therapists offer at their discretion. reduced fees to members of the public. PTactitioners also go out into the conlmurrity to give talks and take part in public events to enable a wider interface with the public. Bcnefit: members of the public, who might not otherwise find out about alternative approaches to healt are given an understanding of the variety of therapies which may be of use to help improve their well- being. Problems Encountsred No particular challenges have been encountered in thc year to 31 March 2024. NANC REvw The total income achieved in the year was £30,548 which was £5,943 more than the previous year and this year's expenditure of £13,343 was £7,275 less than the previous year, resulting in an overall deficit of £1,681. Reserves policy It is the policy of the Charity that unrestTiCted fimds which have not been desiated for a specific use should be maintained at a level equivalent to three months expenditure and previously £12,0 was kept in a high interest fixed tern] deposit account. However, with our reduced income and some recent expensive costs on flooring and central heating to finance we needed to draw on this account to cover some of our costs. We estimate that 3 months running costs at present would be £7,500 so we ar¢ opening a new d¢posit account with this amount allocated. The Trustees consider that reserves at this level will ensure that, in the event of a significant drop in funding, they will be able to continue the Charity's cuent activities while consideration is given to ways in which additional fLmds may be raised. This level of reserves has been maintained throughout the year. The Trustees have assessed the major risks to which the Clwity is exposed and are satisfied that systems are in place to mitigate exposure to the major risks. Plan$ for future perlods. To continue to maintain the services and premises of the Centre and to promote alternative and natural approaches to health. To increase the number of therapists using the centre and therefore increase the number of clients. STRUCTUR4 GOVERNANCE AIYD MANAGEMENT Governing document The Charity is controlled by its governing document, a deed of trust, and constitutes a limited company, limited by guarante¢, as defined by the Companies Act 2(K)6. Page12
HEREFORD CENTRE FOR NATURAL HEALTH TRUSTEES, REPORT (INCLliDING DIRECTORS, REPORD FOR THE YEAR EINDED 31 LWtARCH 24 T'he '[tees, who are also the directors for the purpose of company law, and who served during the year and up to the date of signature of the financial statements were: Dr B Fraser {Chair) A LAwson Dr P Ovcrstall Mrs J James Ms R Kcttel Mrs P Steele Mrs J Goodridge Recrnitmen( Appointmen( and training of new Trustees Trnst¢¢s were originally recruited fn)m three different sectors - 3 practitiollers, 3 doctors and 3 lay people. Currently we have 4 practitioners, I retired Hospital Consultant and 2 lay people. Practitioners may take on the role of a Trustee once they have been at the Centre for a few years. Other Trustees are recrnited usually by recommendation by someone connected at the Centre. New Trustees have some training sessions with existing Trustees who explain all of the day-t&day workings, policies and procedures. The accounts of the clinic are made available, as are the Minutes of Managemcnt Meetings, Practitioner Mcetings and AGMS. Trustces are made awarc of Charity law, and have their legal rolc and responsibilities cxplained. They are provided with the latest Charity Commission Newsletter and direction to the C]ltY Commission website. Organisational structure The Charity is organised so that the Trnstees meet as often as is required in order to manage its affairs and oversee the management of the Centre. There are 3 paid reception staff who manage the day-to-day OFganisation of the Charity. The Trustees, report was approved by the Board of Trustees. Dr B Fraser (Chair) Trustee Dated: Page13
HEREFORD CENTRE FOR NATLIRAL HEALTH INDEPENDANT EXAMINERS REPORT FOR THE YEAR ENDED 31 MARCH 2024 I report to the Trustees on my examination of the financial statements of Hereford Celltre for Natural Health (the Clwity) for the year ended 31 March 2024. Responsibilitie5 and basis of report As the Trustc&s of the Clwity (and also its dire¢iors for the purposes of company law) you are responsible for the preparation of the financial statements in accordance with the requirements of the Companies Act 2006 (the 26 Act). Having satisficd myself that the financial statements of the Charity are not required to be auditcd under Part 16 of the 2006 Act and are cligible for independcnt examination, I rcwt in respect of my ¢xaminatson of the Clwity's fmancial statemcnts carried out under section 145 of the Charities Act 2011 (the 2011 Act). In carrying out my examination I have followed all the applicable Directions given by the Charity Commission under section 145{5)(b) of the 2011 Act. Independent examlner's statement I have completed my examination. I confirm that no mattcrs have come to my attention in connection with the examination giving me cause to believe that in any material respect: accounting records were not kept in re$ct of the Clwity as required by section 386 of the 21K)6 Act; or 2. the financial statanents do not accord with those records; or 3. the financial statements do not comply with the accounting requirements of section 396 of the 21X)6 Act other than any requircmcnt that the accounts give a true and fair view which is not a matter considered as part of an independent examination. or 4. the financial statements have not been prepared in accordance with the methods and principles of the Statement of Recommended Practice for accounting and reporting by charities applicable to clwities prepa thcir accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102). I have no concerns and have come a¢r(S no other matters in connection with the examination to which attention should be drawn in this report in order to enable a proper understanding of the fllLqncial statemcnts to be reached. Clare Jcnner tla Wyedcan Tax Suite 21 Stirling House Centenary Park Skylon Central Rotherwas Hereford HR2 6FJ Datcd: i 819121+ Page14
HEREFORD CEINYRE FOR NATL'RAL HEALTH STATEMENT OF FINAh'CIAL ACTIVITES FOR THE YEAR ENDED 31 MARCH 2024 Unrestricted Unrestricted Funds 2024 Fun(Is 2023 Notes Income from: Charitable activities Investments 30,460 89 24,589 16 Total income 30,549 24,605 ExpellditLe Charitable activities 32,232 33,782 Net expenditure for the year Net movement in fimds (683) (9.177) Fund balances at l A11 2023 75,955 85,132 Fund balances at 31 March 2024 75.272 75,955 The statement of fllW]cial activities includes all gains and losses recognised in the year. All income and expenditure derive from continuing activities. The ststement of financial activities also complics with the requirements for an income and expenditure account under the Companies Act 2006. Page15
HEREFORD CENTRE FOR NATURAL HEALTH BALANCE SHEET FOR THE YEAR ENDED 31 MARCH 2024 2024 2023 Notes Fixed assets Tangible a88Cts 11 67.175 67,123 Current assets Debto Cash at bank and in hand 12 2.806 9.116 1,848 10,102 11,921 11,950 Creditors: amounts falling due Within one year 13 (1.825) (3,118) Net current assets 10.097 8,832 Total a5set$ less current liabilhles 75,272 75,955 Income funds Unrestricted fid- general 75,272 75.955 75.272 75.955 The company is entitled to the excmption from the audit requirement contained in section 477 of the Companies Act 2006, for the year ended 31 March 2024. The directors acknowledge their reS)nsibIlItieS for complying with the requircmcnts of the compani Act 2006 with respcct to accounting records and thc preparation of financial statements. The members have not required the company to obtain an audit of its fllwicial statements for the year in question in accordance with scction 476. These financial statements have becll prq)ared in accordance with ihe provisions applicable to companies subject to thc small companies, rcgime. ancial statements We approved by the Trustees on 30 August 2024. Dr B Fraser (Chair) Trustee Company registration number 01929402 Page16
HEREFORD CENTRE FOR NATURAL HEALTH NOTES TO THE FINANCIAL STATEMENrs FOR THE YEAR ENDED 31 IMARCH 2024 l Accounting policies CbarRty inforniation Hereford Centre for Natural Health is a private company limited by guarantee incorporated in England and Wales. The registered office is Easthohne Avenue, Belmont, Hereford. Herefordshire, HR2 7XT. 1.1 Accounting eollvention The financial statements have been prepared in accordance with the Clwity's governing d(Ument, the Companies Act 2006 and 'Accounting and Reporting by Charities." Statement ofRecommended Practice applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Rq)ublic of Ireland (FRS 102)" (as amended for accounting periods commencing from l January 2016). The Charity is a Public Benefit Entity as defined by FRS 102. The Charity has taken advantage of the provisions in the SORP for clwities applying FRS 102 Update Bulletin I not to prepare a Statement of Cash Flows. Thc financial statements are prepared in sterling. which is the functional currency of the Charity. Monetsry amounts in these fmancial statements are rounded to the nearest £. The fmancial statements have been pr¢pared under the historical cost convention. The principal accounting policies adopted are set out below. 1.2 Golng eoncern .4t the time of approving the financial statements, tbe Trustees have a reasonable expectation that the ChltY has adequate resources to continue in operational existence for the foreseeable future. Thus, the Trustecs continue to adopt the going concern basis of accounting in preparing the financial statcments. 1.3 Charitable funds Unrestricted fi]nds are available for use at the discretion of the Trustees in furtherance of their charitsble objectives. Restrict¢d funds are subject to specific conditions by donors as to how th¢y may be used. The purposes and uses of the restricted funds are set out in the notes to the financial statements. Endowment funds are subject to specific conditions by donors that the capital must be maintained by the Charity. 1.4 Ineome Income is recognised when the Charity is legally cntitled to it after any perforniance conditions have been met, the amounts can be measured reliably, and it is probable that income will bc Teceiv. Cash donations are recognised on ¢¢Ipt. Other donations are recognised once the Charity has been notified of the donation unless perforniance conditions require deferral of the amount. Income tax recoverable in relation to donations received under Gift Aid or deeds of covenant is recognised at the time of the donatio Legacies are recognised on rcceipt or otherwise if the Charity has been notified of an impending distribution, the amount is known, and receipt is expected. If the amount is not known, the legacy is treated as a contingent asset. Page17
HEREFORD CLNTRE FOR IIATURAL HEALTH OTES TO THE FINANCIAL STATEIMEIYTS FOR THE YEAR ETrIDED 31 MARCH 2024 Turnover is measured at the fair value of the consideration received or receivable and represents amounts rcccivable for goods and services provided in the nornial course of business, net of any discounts allowed. 1.5 Expenditure Liabiliti¢s are recognised as cxpenditure as soon as there is a legal or constrnctive obligation conm]itting thc Charity to that expcnditur4 it is probable that a transfer of economic benefits will be required in settlement and the amount of thc obligation can be measured rcliably. Expenditure is account¢d for on an accnlS basis and has been ¢l&ssified under headings that aggregate all costs related to the category. Where costs cannot be directly atlributcd to particular headings, they have bccn allocated to activities on a basis consistent with the use of r&sourccs. 1.6 Tangible red assets Tangibl¢ fixed assets are initially measured at cost and subsequently measured at cost or valuatio net of depreciation and any impairnient losscs. Depreciation is recognised so as to write off the cost or valuation of assets less theirresidual valu¢s over their useful lives oll the following bases: Leasehold land and buildings 20/0 on cost Leasehold improvements 5 /0 on cost Fixtures and fittings 33.30/0 on cost and 25 % on reducing balance The gain or loss arising on the disposal of an asset is deterniined as the difference between the sale proceeds and the carrying value of the asset and is recognised in the statement of fll)ancial activities. 1.7 Impairment of fixed assets At each reporting end date, the Charity revicws the canying amounts of its tangible assets to deterniine. whether there is any indication that those assets have suffered an impairniellt loss. If aTAy such indication cxists, the recoverable amount of thc asset is ¢stInted in order to deterniine thc extent of the impainn¢nt loss (if any). 1.8 Cash and eash equivalents Cash and cash 4uivalcnts inclu(k cash in hand, deposits held at call witb banks, other short-terni liquid investments with original maturities of thrcc months OT less, and bank ovcrdrafts. Bank overdrafts are shown within borrowings in current liabilitics. 1.9 Finaneial instruments The Charity has clccted to apply the provisions of Section I l aS1¢ Financial thstruments, at Section 12 '0ther Financial Instruments Issues, of FRS 102 to all of its financial instruments. Financial instruments ar¢ recognis¢d in thc Charity's balance sheet when the Charity becomes party to the contractual provisions of the instrument. Financial assets and liabilities are offset, with the net amounts presented in thc financial statements, when there is a legally enforceable right to set off the recognised amounts and there is an intention to settle on a net basis or to realise the asset and settle the liability simultaneously. Page18
HEREFORD CENTRE FOR NATURAL HEALTH IN'OTES TO THK FINANCIAL STATEME'Ts FOR THE YEAR EED 31 MARCH 2024 Basic financial assets Basic financial asscts, which include debtors and (Ydsh and bank balances, are initially mcasured at transaction price including transaction costs. Finallcial assets classified as rKcivable within one year arc not amortiscd. l Accounting policies (continued) Basic financAal liabilities Basic fll]ancial liabilities. including cr&litOTS and bank loans, are initially recognised at transaction price unless the arrallgcmcnt constitut¢s a financial transaction. Financial liabilitics classified as payable within one year are not amortiscd. Trade creditors are obligations to pay for goods or scrvices that have been acquired in the ordinary course of operations from suppliers. Amounts payable are classified as CUTrent liabilities ifpayment is duc within one year or less. 1.10 Taxation The ChaTity is cxempt from coryoration tax on its charitable activities. 1.11 Employee benefits The cost of any unused holiday entitlement is recognised in the period in which the employee's services arc received. Terniination benefits are recognised immediately as an expense when the Charity is demonstrably committed to terniinate the employment of an employee or to provide terniination benefits. 1.12 Retirement benefits Payments to defined contribution retirement benefit schemes are clwged an expense as they fall due. 1.13 Government grants Govcrnmcnt grants are recognised at the fair value of the asset received or receivable when there is reasonable assurallcc that the grant conditions will be met, and the grants will be received. A grant that specifies perfornnCe conditions is rccognised in income when the perfornLancc conditions are met. Where a grant th)es not spccify perforn]ancc conditions it is recognised in income when th¢ proceeds are rcccived or receivable. A grant received before the recognition CrItla are satisficd is recogniscd as a liability. CriticaI accounting estinMte5 and judgements In the application of the ChaTity's accounting policics, the Trnstecs arc required to make judgements, estimates and assumptions about thc carrying amount of assets and liabilitics that are not readily apparent.from other sources. The estimates and associated assumptions are based on historical cxperience and other factors that are ¢onsider&l to be rclcvant. Actual rcsults tnay differ from these estimates. The estimates and underlying assumptions are reviewed on an ongoing basis. Revisions to accounting estimates are recognised in the period in which the estimate is revised where the revision affects only that or in the period of the revision and future periods where the revision affects both cUent and future periods. Page19
HEREFORD CEThTRE FOR NATURAL HEALTH NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2024 Investments Ullre5trietsd funds General 2024 linrestricted funds General 2023 Interest receivable 89 16 Chrdritable activities Income 2024 Income 2023 Rental income 26,205 18,425 26,205 18,425 5 Charitable activities Expenditure 2024 Expenditure 2023 Staff costs Share of support costs {see note 9) Share of governance costs (see note 9) 14,006 14.845 2,381 10,433 20,618 2.731 31,232 33,782 Net movement in ndS 2024 2023 Net movement in funds is stated after charging/{creditillg) Dq)Teciation of own¢d tangible fixed assets 2,148 2,202 Trustees None of the TTUStees (or any persons connected with them) e1Ved any remuneration of benefits from the Charity during the year or reclaimed any expenses incurred on beIlf of the Charity. Employees The average monthly number of employees duTing the year was: 3 (2023." 3) Page 110
HEREFORD CENTRE FOR IYATURAL HEALTH NOTES TO THE FINANCIAL STATEMENrs FOR THE YEAR ENDED 31 MARCH 2024 Employment Costs 2024 2023 Wages and salaries Other pension costs 14,006 188 18,784 279 14,194 19,063 Pension costs are allocated to activities in proportion to the related staffmg costs incurred and are wholly charged to unrestricted funds. There were no employees whose annual remuneration was more than £60,000. Pagel 11
HEREFORD CENfRE FOR NATURAL HEALTH NOTES TO THE FIIN'ANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2024 Support Costs Support Governance Costs costs 2024 2023 Staff costs Cost of Goods Sold DrecIatiOn Water rates 188 1,502 2,148 156 306 662 723 268 404 184 2,080 349 2,119 686 1,819 534 716 188 1,502 2,148 156 306 662 723 268 404 184 2,080 349 2,119 686 1,819 534 716 2,380 8.631 2,202 399 268 933 927 157 254 274 1,900 349 1.206 576 1,292 833 417 2,731 Light & heat Telephone Postage & stationery Advertising Fees & subscriptions Laundry & cleaning Consumables Office general supplies Servicc charges Repairs, renewals & maintenance Bank chargcs IT Software & Consumables Accountancy 2,381 14.845 2,381 17,226 23,349 Analysed between Charitable activities 14,845 2,381 17,226 23,349 Governance costs include paentS to the accountants of £500 (2023: £500) foT the independent examination fee. Page | 12
HEREFORD CENTRE FOR N.4TL'RAL HEALTH NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR EIYDED 31 MARCH 2024 10 Tangible Fixed Assets Leasehold Leasehold & Flxtures & land & improvements fittings buildings Total Cost At l April 2023 Additions 69,211 10,085 6,644 200 85,940 200 As at 31 Marcb 2024 69,211 10,085 6,844 86,140 Depreciation & impairmellt At l April 2023 Depreciation charged in the year 11,073 1.384 1,615 504 6,129 260 18,817 2,148 At 31 March 2024 12,457 2.119 6,389 20.966 Cydrrying amount At 31 March 2024 56.754 7,966 455 65,174 At 31 March 2023 58,138 8.470 515 67,123 11 Debtor$: Amounts falling due wIthln one year 2024 2023 Trade creditOTS Prcpayments and accrued income PAYE 58 1,579 452 1,848 2,089 1,848 12 Creditors: amounts falling due wxthin one year 2024 2023 Trade creditors Other creditors AcClS and deferred income 694 122 2,301 140 1.686 1,825 3,117 13 Related party transactions Remuneration of key management personnel The remuneration of key nianagement personnel is as follows: 2024 2023 Aggregate compensation 1,880 1,900 During the year, the charity entered into transactions with related parties, namely the Trustee Mrs Janet James who was paid £1,880 for laundry services up until January 2024. In 2023 the same Trustee ¢¢iVed £1,900 for similar services. Page | 13
HEREFORD CENTRE FOR NATUIL4L HEALTH NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2024 2024 2023 INCOME AND ENDOWMENTS Charitable activitles Rental income and fees 30,460 24,589 Investment fineome Dq)osit account interest 89 16 Total incoming resources 30,549 24.605 EXPEliDITURE Charitable actlvities Wages Cost of Goods Sold Pensions 14,006 1.502 10,391 42 Support costs MAnagement Wages & pensions Water ratcs Insurance Light & heat Telephone Postage & stationery Advertising Fees & subscriptions Laundry & cleaning Consumables Office general expenses Service charges Repairs, renewals & maintenance Bank charges Dq)reciation of assets rr Software & Consumables 188 156 306 662 723 268 404 184 2,080 349 2,119 686 1,819 534 2,148 716 8.631 399 268 933 927 157 254 274 1,9(M) 349 1.206 576 1,292 833 2,202 417 Governance Accountancy 2,381 2,731 Total resources expended 31232 33,782 Net Incomel(expenditure) (683) (9,177) Page | 14