Nottingham Multiple Sclerosis Therapy Centre Limited (A company limited by guarantee) Report and Financial Statements Year ended: 31 December 2020 Charity no: 701421 Company no: 02294556 *A4DZ6W4• 2W09r2021 COMPANIES House
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Nottingham Multiplo Sclerosis Therapy Centre Limited Contents Pagg Legal arKJ administrative infcwmation Report of the Trustees Independent Examiners Rewt Statement of Financial Activities Balance Sheet Notes formlng part of the financial ststements
Nottingham Multiple Sclerosis Thorapy Centro Limited Legal and administrative Inforniatlon Directors and Trustees: Andrew warWk John Feraon Caroline Kalsheker Regi$t¢red Officé: Unit H2, Trent Park Industrial Estate Little Tennis Street South Nottingham NG2 4EU Reporting AccoUnLtS:. Longleys 81 Mdlon Road West Bridgford Nollingham NG2 6EN Cornpany Rogi$tor•d Number. 02294556 Charity Registered Number. 701421
Nottlngham Multiple Sclerosis Therapy Centro Limlted Report of the Trustees for the period ended 31 December 2020 Company registration numbor: 02294556 The trustees, who are also directors of the charity for the purposes of the CoMpanS Act, submit their annual report and the financial stslements for the peri en(led 31 tyecewnber 2020. The trustees have adopted the provisions of the Statement of R0MMended Practice ISORP): Accounting and Reporting by Charities (issued Mh 2005 as MOdrfd June 2(X)8) in weparing the annual report and financial stalernents of the charity. The charity is a charitable company limited by guarantee, not having a share eapilal. and was incorporated on 9th Septembw 1988 and it is registered the Charity Commission. It is governed by its memorandurn and arb.des of a$latIOn dat4 6th January 1998. Reference and administralive inforniation The trusleesldirecl(Ks, charity regislration number and address of the charity are listed on page 1. Structure, governance and management Goveming document The charity is governed by its memorarrfium and altleS of association dated 6UI January 1998. There are no restrith.ons on the operatn of the charity or on its investment powers. other than those imposed by general chanty law. Governing body The company's dIreCtS. who are also the ch*It$ trustees. are set out on page 1. The directors also onslilute the board of direclors which accepts overall respsibl1ty for operational. financial and ¢st[lUb0nal matters. Re¢ruitm•nt and training of ttee5 The board of trustees is composed of indwiduals nominat by exisliro members. They are constsnuy IcA)king to recruit new Iruslees who can broaden the skills, knowledge and experience of the charity to ensure that rt contirwes to be f(used on meeting the needs of its t)enefKiaries. Trustees are chosen for their particular skills and personal kn¢ythedge. Trustee vacancres are &Jvertised in the Icta press, within the Centre ilsdf and with the local Volunteer Buwu. Nominated Iruslees are appointed by vote al the next available comrnittee or Annual General Meeting, whichever comes first. OryanSsational Managernent The charity's Iruslees are legal responsible for overall management and c¢J)trol of the charity and meet regularly Ihrwghout the year. Risk management The Iruslees regularFy review the major risks whth the charty faces and prccedure5 have been put in place lo mitigate these risks. The proc&Jures thernsdves wll be rewlarty reviewed to ensure that they still meet the needs of the charity. Public benefic objectlves. activities and achievements Publlc beneffit and objèctives The Iruslees have éue regard to the guidance issued by the Charity CommissK?n on public benefit. Their obiects've is to aid and imFYove for all the pUt[C benefit in the area of benefrt, the condition of those suffering from multie sderosis by any lawful means. induding the following.. (a) by bringing together people wth multiple sclerosis and people interested in. and professionals working Nwlh, multiple sderosis. {b) by providing advre. guidance and practtcal suppcrt for pee multiple sclerosis,. {c) by providing therapy linduding hyperbar oxygen therapy) for people with multiple sclerosis or other condrtions.
Nottingham Multiple Sclerosis Therapy Centre Limited Report of the Trustees for the period ended 31 December 2020 Activities and achievements The Centre provides a range of complementary theraps lo people wth multiple sclerosis and other neurologi1 Conditions. These include Hyperbaric Oxygen. Physiotherapy. Massage. Rellexology. a range of accessible exercise 9]uIpnI, and adve. infomiation and support. 2020 has been an incredibly drfCU1t year for everyone. We lost Maureen, our manager of 13 years. and we had to adapt for the pandemic. Our entire Centre has been refurbished lo ensure that we can operate in a Covid safe environment, and we spent approximatdy nine months closed. Thankfully we were able to a¢¢es$ many trust funds offering emergerry funding and this allowed us to ¢over our overtads. Word appears to have been spreading ab(KJt the use of hypwbaric oxyw therapy and its benefits with a number of consultants now telling their patients about our Centre Iw. We are further increasing our awareness wk to alert all GPS in Noth'nghamshire of our presence so they might tell their pabents too. Volunteers The charity is grateful for the unstinting efforts of ts volunteers. Volunteers are recruited through local adverbsing and volunteer bureau. Full training is gwen, by the manager. for the role in which the volunteer is placed. The Centre's small team of paid staff are supported by a team of 10 dedicated volunteers in a variety of rdes. including trustees. hyperbaric chamber operalors, admin. community fund raisers and shop collectors, web site designer and general Centre assistsnts. Without the invaluable on-going support and time of our volunteers the Centre would not be sustsinable. Financial revlew The financial statements are sel out on pages 5 to 10. The trustees consider the financial performance by the tharity during Ihe period to have incwsed slighuy over the previous years and are confident that income can increase again. The Statement of Financial Activitie5 Show net outgoing resources for the period of a revenue nature of £2,864. The total reserves al ts peri(MJ end stand al £40.461. Policy on Reserves The trustees have examined the charrty's reqU1ments for reserves in light of the main risks to the organisation. It has established a policy whereby the level of unrestricted funds which have been neither commilled nor invested in tsngible fixed assets held by the charty shcmjld be sufficient lo cover the proposed expenditure of the charity in the fe41o•ving year. Accounts preparation The trustees confirm that the accounts compty with Jrrent statutcry requirements aThJ with those of the goveming instrument. This report has been prepared in aCtdanCe wilh the Statement of ROrnMended Practice '. Accounting and Rekx)rting by Charities (issued March 2005 as ml(led June 20081 and in accordance with the special provisions in Part 15 of the Companw Act 2006 aprIble to companies subj'ect to the small companies regime. This report was approv by e T stees on 2W September 2021. Andrew WaThvi¢k Dlrtttor
Nottingham Multiple Sclerosis Therapy Centre Llmried Independent examinerfs report to tho Trustees of Nottingham Multiple Sclerosis Therapy Centrè Limited I report on the accounts of the company for the year eThJed 31 Decernter 2020. whh are set out on pages 5 to 10. Respective responsibililies of trustees and QmIn0r The trustees {who are also the directors of the company for the purposes of eornpany law) are responsible for the preparation of the accounts. The charity's trustees consider that an audit is not required fcrf this year under section 14412) of the Charities Act 2011 {the 2011 Act) and that an independent examinatim is needed. Having satisfied myself that the charity is not subject to Jjdit under company law and is eligible for independent examination. it is my resp)nsibrfty to." examine the accwnts Uyer 145 of the 2011 Art. lo follow the wocedures laKI down in the Gen¥al Directs'ons given by the Ch*ity Commission under section 145I5Mbl of the 2011 Act.. aThJ 10 stale whether particular matters have come to my attention. Basis of Independent examlnerfs report My examination was carried out in acc(Kdance with the General Direct¥Jns g'ven by the Charity Commission. An examination inctudes a review of the aceounting records kept by the charity and comparison of the accwnls presented th those reCd$. 11 also includes consideration of any unusual items or disclosures in the ac¢rAJnls. and Ihe seeking of exanatn$ from you as trustees concerning any such matters. The prclUreS undertaken do not provide all the evidence that would be required in an audit and, consequenuy. no opinion is gNen as lo whether the accounts present a 'true and fair view, arKI the rewt is limited to those matters set out in the statement bdow. Independenl examinerfs statemont In connection with my examinakn"on, no matter has come to my attentK)n.' which gives me reasonable cause to believe thaL in any material resp. the requirements.. (a) to keep accounting records in acc(ffdance with section 130 of the Charities Act., and Ib) to prepare accounts which accord wth the accounting rwds. (x)mply with the acccwnting requirements concerning the form and content of accounts set out in the Charities (Accounts and Reports) Regulations 2008 other than any requirement that the acc(wnts give a 'true and fair. view have not been meL" or to which, in my opinion. attention shcyjld be drawn in Ord lo enable a proper understanding of the accounts to be reach&J. M R Longley Longleys Chartered Accounlants 81 Melton Road West Bridgford Nottlngham NG2 6EN 2.4.s£ff£rwl 2021
Nottingham Multiple Sclerosis Therapy Centre Limited Statement of Financial Activities (including summary income and expenditure account) for the year ended 31 December 2020 Total Total 2019 FuThJs Funds Ineoming R•sour¢•s Incamlng resources frIATr genernted fund$: Voluntary income Investment inwrne 76.136 75 78.136 75 80,417 Total IncomSng resources 76211 76.211 80,422 Reswrces expenqled o¥t of generatlng funds.. Costs of generating voluniary incom8 Investment management costs Governanu costs 76.356 76.356 369 2.350 75,611 2.350 2,290 Total resources expendgd 79.075 79,075 78,609 Nèt bncoming r•sourc•sllrnsources expended) belore taxallon {2.864) 12.864) 1.813 Taxation Net Incorrel{expenditure) forth• ye•r 11864) 12.864} 1,813 Fund balancès brtyjght foTh¥ard at 1 J[Y 43.325 43.325 41.512 FurKI balances rarried forwaoj al 31 De¢embor 40,461 40.461 43.325 Al ofthe knve results derived from Ctinu thknas. AJI gains and losses rerAgnis8d in the year are included above.
Nottingham Multiple Sclerosis Therapy Centre Llmited Balance Sheet as at 31 December 2020 2020 2020 2019 2019 Flxèd assets TarJ1e assets 12.355 9.052 Current assets Stocks Debtors Cash at bank 8nd in haThJ 9,023 104,995 9,134 31.764 114.118 40.998 Credltors: amounts falling du• within one y 8 186,012) 16,725) N•t curr•nt #s••ts 28.106 34.273 Total ass•ts less curr•nt liabllhl•s 40,461 43,325 Fundi: Unrestriet•d funds Génèr81 funds 40.461 43.325 Total funds 40.461 43.325 The di10 are satisfied that the eompany is ents.tled to exempkn'on from the requirement lo obtain an audit under section 477 of the Companies Act 2006 and that no member or membws have required the company to obtain an audit in accordanee wrth seeb.on 476 of the Act. The directors acknovAedge their responsibilities frx comptying with the requirements of the Companies Act 2006 with respect to acc(ntir records and the preparation of the accounts. The aCcnts have been prepared and ddNwed in accOr<la th the provisions applicable to small companies subject to small companies regffle and in a¢dance with FRS102 SORP. Approved by the board on ........ . September 2021 Andrew Warwick Direclor
Nottingham Multiple Sclerosis Therapy Centre Llmited Notes forniing part of the financial statements for the year ended 31 Decombor 2020 A¢¢ounting policies {8) Basis of preparation These accounts have been prepared undef the historical cost convention with items recognised at cost or transaction value unless otheThvise stsled in the rdevant notds} lo these accounts. The accounts have been prepared in acc(dan with the Statement of Recommended Practice.. Accounting and Reporting by Charities preparing their accounts in accordan with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) las applied lo sfflall enbbes by section 1A of the standard) issued on 16 July 2014 and wth the Charities Act 2011. Ibl Company ststus The charity is a company limited by warantee. In the event of the charity being wwnd up, the members of the company undertake to contribute to the assets of the company an amount not exceeding £1 per fflember of the company. {cl Fund accounting Genera fijnds are Unrestrle funds which are available for use at the discretion of Ihe trustees in furtherance of the general objectives of the charity and whth have not been designated for other purposes. Restricted funds are fvnds which are lo be Us1 in accordanee wth speerfic restrictions imposed by donors or which have been raised by the charity for particular purposes. The cost of raising and administering such fund5 are charged against the specik fund. The aim and use of each restricted fund is sel out in the notes lo the financial stalemenls. Investment incryne and gairts are allcKated to the apprwiate fund. (d) Incomlng rosources All incoming resources are shown gross and induded in the SOFA when the charity is legalty entitled to the income and amount can be quantified vthh reasonable accuracy. t)onations are indu¢Yed in the SOFA when receivable. No am¢)unts are included in the financial slaternents services donated by voluntews. Interest income is recogni5ed when Nable. {el ReuT¢o$ wènded All expenditure is accounted for on an accnjals basts and ha5 been dassffied under headings thal aggregate all costs rdated to the category. Expenditure indudes any VAT which cannot be recovered and is reported as part of the expenditure to which it relates. All costs have been attributed direcuy to the relevant headings. Governance costs indudes trthkkeewng and the cost of prep*ng and examining the stslutory
Nottingham Multiple Sclerosis Therapy Centre Limited Notes forming part of the financial statements for the year ended 31 December 2020 {Q Tanglble fixed assets and d•preGlatlon Tangible fixed assets are inclu(led at cost iluding any incidental expenses of wulsit+n. Depreciation 15 provided on all tsngitAe fixed assets at rate5 ¢alaJlated to WTile off the cost on a straight line basffd over th"r expecled useful economic lives as foll(yAE.' Fixtures, fittings and equipment Decompression chamber over S years over 5 years (gl Slock Stocks are valued at the lower d cost and net realisable value. (h) Foreign currencies Transactions in foreign rrerleS are reclyded al the rale ruling al the date of the transaction. Monetary assets and liabilities are retranslated al the rate of exthange ruling at the bala sheet date. All dsfferences are taken to the SOFA. Debtor6 Debtors (irtludirKJ trade debtors) are measured on Inal rewiition at settlement amount after any trade discwnts or amount advance(I by the chartty. SubsequenVy, they are measured at the cash or other consideration expected io be received. ui Credttors The charity has credit¢Jrs which are measured at settlement amounts less any disetyjnts. Analysis of income Analysis unreStrted funds RestrictgJ fvnds Total funds Prior year funds Donations and l aci•s- Membership subscriplvJns 635 635 2.939 Donalitins 20.337 20.337 75.534 Funding 55.164 55,164 1.944 Totals 76.136 76,136 80.417 Income from inv•stments: Interest income 75 75
Nottinghwn Muttiple Sclerosis Therapy Centre Limited Notes forming part of the financial statemonts for the year ended 31 December 2020 Analysis of •xndIt Analysis Unrestitled Restricted fvnds funds Total for year Total pri Costs of eneralin vdunts Incurred seeking fun(Jing Other trading 2ctr¥ities Staff costs Depreciation Profit on dis Tolal in 25.040 13,283 33.867 4.166 25.040 13.283 33.867 4,166 31.611 7,777 33,332 2,891 l of assets 76.356 76,356 Investment administration costs= Bank interest pa Bank charges Currenc char Total 369 708 369 369 708 Govemance costs". Book-keeping costs Independent examinerfs fees Consultanc fees Total 250 2.100 250 2.1tyJ 250 2.040 2,350 2.290 Staff Gosts 2020 33.208 659 33.867 2019 32.877 455 33,332 Salaries and wages Pension Costs Total Pension costs Contrityjlions to defined contribut¥)n plans are expensed in the perKMJ lo which they relate.
Nottingham Multiple Sclerosis Therapy Centre Limited Notes fomiing part of the financial statements for the year ended 31 Oecember 2020 Tanglble flxed assets Total and equipment Chamber At 1 January 2020 Additions Disposals 62.386 7,469 39.537 101,923 7.469 At 31 D¢¢emb¢r 2020 69.855 39.537 109.392 Depreciation At 1 January 2020 Charge for year On disp05als 53.334 4.166 39.537 92,871 4.166 A¢ 31 December 2020 57.500 39.537 97,037 Met book value At 31 Dernber 2020 12.355 At 31 December 2019 6,018 8,018 There was no capital expenditure C(tracted but nol in the financial stslemenls. 2020 2019 Trade debtors other debtors Prepayments 5,684 3.450 3.339 9.023 9.134 Creditors: amounts falling due t*Athin ono year 2020 2019 Trade creditors Other creditors Accruals 8.738 74,211 3.063 2,671 1.373 2,681 86.012 6,725 10
Nottingham Multiple Sclerosis Therapy Centre Limited Notes forming part of ihe f¢nancial statements for the yew ended 31 December 2020 Sts¢ement offvnds At 1January 2020 At 31 D•comber 2020 Income Expendltuie Genernl reserve 43.325 76.211 79,075 40.461 Total unrnstricted funds 43.325 76.211 79.075 40.461 Total funds 43.325 76.211 79,075 40.461 The General reserve represents the free funds of the charity whh are not designated for p¥iiGular Purposes. The total nel assets of the company are represented by ils general reserve. 10 Other Inft*rmation Nottingham Multiple Sde$ Therapy Centre Limited is a prrvate company limited by guarantee and incorpcKaled in England. Ils registered office is.. Unit H2. Trent Park Industrial Eslate Little Tennis Street Swth Noitingham NG2 4EU 11