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 #184 A17 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 warW￿k John Feraon Caroline Kalsheker Regi$t¢red Officé: Unit H2, Trent Park Industrial Estate Little Tennis Street South Nottingham NG2 4EU Reporting AccoUnL￿tS:. Longleys 81 Mdlon Road West Bridgford Nollingham NG2 6EN Cornpany Rogi$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 CoMpan￿S 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 R￿0MMended Practice ISORP): Accounting and Reporting by Charities (issued M￿h 2005 as MOdrf￿d 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$￿￿latIOn dat￿4 6th January 1998. Reference and administralive inforniation The trusleesldirecl(Ks, charity regislration number and address of the charity are listed on page 1. Structure, governance and management Goveming document The charity is governed by its memorarrfium and alt￿leS of association dated 6UI January 1998. There are no restrith.ons on the operat￿n of the charity or on its investment powers. other than those imposed by general chanty law. Governing body The company's dIreCt￿S. who are also the ch*It￿$ trustees. are set out on page 1. The directors also onslilute the board of direclors which accepts overall resp￿sibl1ty for operational. financial and ¢￿st[lUb0nal matters. Re¢ruitm•nt and training of t￿￿tee5 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 multi￿e 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 pe￿e 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 therap*s lo people wth multiple sclerosis and other neurologi￿1 Conditions. These include Hyperbaric Oxygen. Physiotherapy. Massage. Rellexology. a range of accessible exercise 9]uIpn￿I, and adv￿e. infomiation and support. 2020 has been an incredibly drf￿CU1t 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 overt*ads. 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 w￿k 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 reqU1￿ments 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 aCt￿danCe wilh the Statement of R￿OrnMended Practice '. Accounting and Rekx)rting by Charities (issued March 2005 as m￿l(led June 20081 and in accordance with the special provisions in Part 15 of the Companw Act 2006 aprI￿ble 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. wh￿h are set out on pages 5 to 10. Respective responsibililies of trustees and Q￿mIn0r 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 U￿yer 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 reC￿d$. 11 also includes consideration of any unusual items or disclosures in the ac¢rAJnls. and Ihe seeking of ex￿anat￿n$ from you as trustees concerning any such matters. The prc￿lUreS 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 C￿tinu￿￿ 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 Tar￿J1￿e 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 di￿10￿ 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 aCc￿nts have been prepared and ddNwed in accOr