2020-12-31-accounts - Mercia MS Therapy Centre Ltd

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CONTENTS		Page
Report ofthe Directors and	Trustees	1—6
Report ofthe Independent	Examiners
Statement ofFinancial Activities
Balance Sheet		9 —10
Notes to the Accounts		11—17

The Management	The Management	The Management	Committee	presents its report and financial statements	presents its report and financial statements	ending on
31December		2020.
Com an	Information
Charity Name				Mercia MS Therapy Centre	Limited
Charity Number				701561
Company	Registration		Number	02366441
Registered	Office and			8Macefield Close
Operational		Address		Aldermans Green Industrial	Estate
				Coventry
				CV2 2PJ
Management		Committee		Mr SFrancis (Chairman)
				MrDRidgway (Treasurer)
				MrLBeales
				MrIKeenan (resigned December 2020)
				Mr CKitson
Secretary
Management		Team		Mrs M McDeimott (Centre	Manager)
				Mrs KBrowne (Fundraiser)
				Mr V Singh Gill (Receptionist/Administrator		to June 2020)
				MsEPiper (General Assistant)
Accountants				Bishop Simmons Limited
				Mitre House, School Road
				Bulkington, Bedworth
				Watwickshire, CV129JB
Bankers				CAFBank Limited
				25 Kings Hill Avenue
				Kings Hill, West Mailing
				Kent, ME194JQ
Solicitors				Brindley Twist TatII &James
				Lowick Gate, Siskin Drive
				Coventry, CV3 4FJ

					2020	2019
			Restricted Unrestricted		Total	Total
Income and endowments	from:
Donations and legacies		3	3,750	65,547	69,297	83,368
Other trading activities		4		4,344	4,344	2,155
Investment Income		5		955	955	1,480
Income from charitable activities		6		26,140	26,140	52,350
Total income			3,750	96,986	100,736	139,353
Expenditure on:
Raising Funds		7	' -	15,154	15,154	17,469
Expenditure on Charitable	Activities	8	5,607	93,207	98,814	130,247
Total expenditure			5,661	108,361	113,968	147,716
Net movement in funds			(1,857)	(11,375)	(13,232)	(8,363),
Transfer between funds			(1,415)	1,415
Reconciliation offunds:
Total Funds brought forward			11,511	141,110	152,621	160,984
Total funds carried forward			8,239	131,150	139,389	152,621

				2020		2019
				g
Fixed assets
Tangible Assets		10		9,239		11,417
Current assets
Debtors		11	580		564
Cash at Bank	and in Hand	12	121,403		132,400
Invesnnent		13	12,000		12,000
			133,983		144,964
Creditors: Amounts falling due
	xvithin one year	14	3,833		3,760
Net current assets				130,150		141,204
NET ASSETS				139,389		152,621
Charity Funds: Restricted Income Funds		19		8,239		11,511
Unrestricted	Funds			81,150		91,110
Designated Funds				50,000		50,000
Total charity funds		17		139,139		152,621

	The operating surplus is	stated after c	harging the fol	lowing:
					2020	2019
	Depreciation				2,178	2,187
					2020	2019
			Restricted	Uu restricted	Total	Total
3	Donations and Grants
	Donations from Individuals
	Including Collections			65,547	65,547	77,266
	Donations from Corporate	Sponsors
	and Charitable Trusts		3,750		3,750	6,102
			3,750	65,547	69,297	83,368
4	Other trading activities
	Membership. fees			2,560	2,560	1,710
	100Club			935	935	1,292
	Sundry income and consumables			849	849	(847)
				4,344	4,344	2,155
5	Investment Income
	UKBank and Building Society Interest			955	955	1,480
6	Income from charitable	activities
	HBO and therapy income			26,141	26,141	52,350

					2020	2019
		Restricted		Unrestricted	Total	Total
7	Raising Funds
	Other Fund-Raising Costs			889	889	3,631
	Staff Salaries			14,051	14,051	13,653
	StaffPension Contributions			214	214	185
				15,154	15,154	17,469
8	Charitable Activities	Restricted	Unrestricted		Total	Total
	Staff Salaries			37,128	37,128	41,484
	StaffPension Contributions			380	380	597
	Bank and Credit Card Charges			19	19	197
	HBO and Other Direct Therapy Costs	3,526		15,721	19,247	35,770
	Rent			20,465	20,465	20,921
	Rates and Water			2,475	2,475	2,413
	Light and Heat			4,435	4,435	5,410
	Repairs and Maintenance	214		1,252	1,466	7,733
	Consumables			567	567	590
	Telephone			669	669	763
	Postage			130	130	241
	Printing and Stationery			1,155	1,155	1,197
	General Insurance			4,443	4,443	3,776
	Cleaning and Sundry Expenses			1,621	1,621	2,180
	Depreciation	1,867		311	2,178	2,187
	internet Website Charges					2,388
	Accountancy			2,196	2,196	2,160
	Payroll Bureau Costs			240	240	240
		5,607		93,207	98,814	130,247

employee's salary exceeded f60	,000. The staff c	osts were made	up as follows:
			2020	2019
Salaries			36,344	55,137
Social Security costs			784
Pension Contributions			380	782
			37,508	55,919
The average monthly number ofstaff employed
by the charity during the year was as follows;
Administrative
Fund Raising
The number ofstaff accruing Retirements
Benefits under money purchase	schemes
during the year was as follows:
Tangible Fixed Assets			Office &
	Plant and	Fixtures	Computer
	Machinery	dr Fittings	Equipment	Total
COST	g			g
At 1 January 2020	80,703	59,408	12,661	152,772
Additions
At 31December 2020	80,703	59,408	12,661	152,772
DEPRECIATION
At 1 January 2020 Charge forYear	69,286 2,178	59,408	12,661	141,355 2,178
At 31December 2020	71,464	59,408	12,661	143,533
NKT BOOKVALUE
At 31December 2020	9,239			9,239
At 31December 2019	11,417			11,417

		2020	2019
11	Debtors
	VAT recoverable
	Prepayments	580	564
12	Cash atBank and In Hand
	CAF Cash Current Account	32,658	44,609
	Virgin Deposit Account Cambridge &Counties Account	20,879 67,836	20,879 66,882
	Cash in Hand	30	30
		121,403	132,400

ofgrants held on trust t	obe applied for specific purposes.	obe applied for specific purposes.
	Balances Advanced Used		Transfers	Balances at
	at 31/12/2019	inYear in Year	between	Funds	31/12/2020
Capital Grants	6,545		(1,867)		4,678
Other Revenue Grants	4,966	3,750	(3,740)	(1,415)	3,561
	11,511	3,750	(5,607)	(1,415)	8,239