2021-03-31-accounts

This text was generated using OCR and may contain errors. Check the original PDF to see the document submitted to the regulator.

HEREFORDSHIRE MS THERAPY CENTRE

(A company limited by guarantee)

Company number: 2294595 (England and Wales) Charity number: 701924

HEREFORDSHIRE MS THERAPY CENTRE

(A company limited by guarantee)

UNAUDITED

REPORT AND FINANCIAL STATEMENTS

YEAR ENDED 31 MARCH 2021

HEREFORDSHIRE MS THERAPY CENTRE

(A company limited by guarantee)

	Page
Company Information	1
Trustees and Directors Report	2–4
Independent Examiner’s Report	5
Statement of Financial Activities	6
Balance Sheet	7
Notes to the Financial Statements	8–14

HEREFORDSHIRE MS THERAPY CENTRE

(A company limited by guarantee)

TRUSTEES AND DIRECTORS REPORT For Year Ended 31 March 2021

The Trustees (who are also directors of the charity for the purposes of the Companies Act) submit their report and the financial statements of the Herefordshire Multiple Sclerosis Therapy Centre Limited for year ended 31 March 2021.

Objectives

To improve for public benefit, by any lawful means, the condition of those with Multiple Sclerosis and other medical conditions.

COVID-19 pandemic crisis

This has had a profound and dramatic effect on the Centre with the Board implementing the immediate closure on 19th March 2020 with all staff put on the Government furlough scheme. As all our users and most of our volunteers are in the vulnerable category it was felt a prudent cause of action. There was a short period of time around Christmas 2020 when we did reopen for Oxygen therapy with stringent precautions in place, after only a few therapy treatments given we had to close again due to a rise in COVID-19 cases in the country. With the ongoing situation we anticipate there will be some considerable time before the Centre can open again.

Activities

All activities have been put on hold until further notice.

All our staff and therapists are very keen to resume work as soon as possible in the friendly atmosphere that prevailed in the Centre.

Therapies

Oxygen Therapy is our principal treatment with over 1,600 client appointments in the year prior to closure. With the completion of the new building extension, expansion of therapy services was underway with the addition of the dedicated therapy/gym room. Other therapies provided previously include physiotherapy, massage, reflexology, Pilates, yoga and hydrotherapy, as well as holistic and beauty therapies and will be provided again when circumstances allow.

Oxygen Therapy was used as a treatment for other medical conditions and will again on reopening. The Centre treated a variety of conditions including cancers, brain injury, cerebral palsy, COPD, ME, motor neurone disease, Parkinson, stroke and sports injuries. We anticipate it could be a treatment for COVID-19.

Catchment Area

The geography of the Centre client base means we serve the surrounding districts of Worcestershire, Shropshire and South, Mid- and West Wales with distances of up to eighty miles travelled from places as far afield as Aberystwyth and we look forward to seeing our users from all these locations on reopening.

The local MS nurse was holding monthly clinics in the Centre prior to closure and will resume again on reopening.

We communicate with our members through our newsletter, website and social media.

Centre extension “Space to Grow”

The “Space to Grow Appeal” has come to fruition – with the new building extension now built providing much needed therapy/gym facilities, this was in use prior to closure due to the pandemic, we can only hope we can open again soon so we can utilise our new facilities. We have also had a generous donation to improve the existing building interior décor and external infrastructure and security. All to enhance the user experience.

We continue to be involved with our over-arching body the National Therapy Centres (MSNTC) via regional meetings.

Page 2

HEREFORDSHIRE MS THERAPY CENTRE

(A company limited by guarantee)

Trustees and Directors Report for Year Ended 31 March 2021 (continued)

Staffing

Normally The Centre Manager works a three-day week, with the Assistant Manager and Reflexology Therapist each working one and two days a week, respectively. The Assistant Manager covers holidays and sickness which has given greater flexibility to working practices. All our staff and therapists are very keen to resume work as soon as possible in the friendly atmosphere that prevailed in the Centre.

Volunteers

The Trustees are deeply grateful for the commitment and dedication shown by volunteers and sincere thanks go to all of the Centre’s volunteers. The Centre could not operate successfully without their willing help, some of whom have MS. They contribute in a variety of ways, including: offering a warm welcome, supporting clients and their carers, making tea, cleaning, raising funds, operating the Oxygen Therapy Chamber and delivering other therapies.

As a self-help charity, the Board of Directors and Trustees consist of people with MS or their carers, which creates a sympathetic empathy with clients and a sensitive understanding of the services the Centre provides. They are also volunteers contributing to the welfare of the charitable company and are unpaid.

Events for the coming year

Due to the uncertainties of COVID-19 pandemic fundraising events previously planned for the coming year have been put on hold until sometime in the future.

Financial review

The company is fully self-financed, deriving its income from personal donations, local fundraising and Trust grants.

The Charity had net income for the year of £4,096 (2020: net income £35,840), comprising unrestricted income of £8,935 (2020 Net expenditure £3,184), and restricted net expenditure of £4,839 (2020: Net income £39,024).

Total income for the year decreased by £44,464 and total expenditure decreased by £12,720.

Reserves policy

The directors consider it prudent to hold a minimum of £33,000 contingency reserve to cover eight months budgeted operating costs for the year to 31 March 2022.

Financial position during COVID-19 pandemic

Due to the crisis and these extraordinary and unprecedented times the Board have taken all necessary steps to protect the financial position of the company. The most significant financial challenges arise from the scale of the crisis and the uncertainty of when and how long restrictions will be in force.

As a result of the impact of having to close our Therapy Centre and postpone or abandon fundraising events we have had nearly 100% reduction in our activities and fundraising income during the financial year. To withstand a drop in income of that level we have taken steps to reduce expenditure, including putting our staff on furlough, in order to protect staff employment as far as possible by using the Governments Coronavirus Job Retention Scheme.

We will continue to work actively to address the financial challenges as they arise.

Going Concern

After making appropriate enquiries, the Trustees have a reasonable expectation that the Charity has adequate resources to continue in operational existence for the foreseeable future. For this reason, they continue to adopt the “going concern” basis in preparing the financial statements. Further details regarding the adoption of the “going concern” basis can be found in the Accounting Policies.

Page 3

HEREFORDSHIRE MS THERAPY CENTRE

(A company limited by guarantee)

Trustees and Directors Report for Year Ended 31 March 2021 (continued)

Trading style

Since 1 June 1997, the work of the charity has been carried out under the name of “Herefordshire MS Therapy Centre”.

Support

Recognition is given to the following for their financial contributions to the charity:

Openbox Foundation William Cadbury Trust Anton Jurgens Charitable Trust Dumbreck Charity

Douglas Arter Benevolent Foundation JSFPollitzer Charitable Settlement Herefordshire Council COVID-19 Grants Co-Op Local Community Fund Government Furlough Grants

In preparing this report, the Trustees have taken advantage of the small companies’ exemption provided by section 415A of the Companies Act 2006.

This report was approved by the Trustees on 12 May 2021 and was signed on their behalf by:

Mr B Freeman Chairman on behalf of the Trustees

Page 4

HEREFORDSHIRE MS THERAPY CENTRE

(A company limited by guarantee)

INDEPENDENT EXAMINER’S REPORT

For Year Ended 31 March 2021

Independent examiner’s report to the Trustees of Herefordshire MS Therapy Centre Limited

I report on the financial statements of the company for the year ended 31 March 2021 which are set out on pages 6 to 14.

Respective responsibilities of Trustees and examiner

The Trustees, who are also the directors of the company for the purposes of company law, are responsible for the preparation of the financial statements. The Trustees consider that an audit is not required for this year under section 144(2) of the Charities Act 2011 (the Act) but that an independent examination is needed.

Having satisfied myself that the company is not subject to audit under charity and company law and is eligible for independent examination, it is my responsibility to:

Examine the financial statements under section 145 of the Act;
Follow the procedures laid down in the general Directions given by the Charity Commission under section 145(5)(b) of the Act; and
State whether particular matters have come to my attention.

Basis of independent examiner’s report

My examination was carried out in accordance with the general Directions given by the Charity Commission. An examination includes a review of the accounting records kept by the company and a comparison of the financial statements presented with those records. It also includes consideration of any unusual items or disclosures in the financial statements, and seeking explanation from you as Trustees concerning any such matters. The procedures undertaken do not provide all the evidence that would be required in an audit, and consequently no opinion is given as to whether the financial statements present a “true and fair view” and the report is limited to those matters set out in the statement below.

Emphasis of Matter

I draw attention in Note 1 of the financial statements under Going Concern which describes the effects of the COVID-19 pandemic on the charitable company’s ability to continue as a going concern. My Statement is not modified in respect of this matter.

Independent examiner’s statement

In connection with my examination, no matter has come to my attention:

(1) which gives me reasonable cause to believe that in any material respect the requirements:
to keep accounting records in accordance with section 336 of the Companies Act 2011; and
• to prepare financial statements which accord with the accounting records and comply with the accounting requirements of section 396 of the Companies Act 2011 and with the methods and principles of the Statement of Recommended Practice: Accounting and Reporting by Charities have not been met; or
(2) to which, in my opinion, attention should be drawn in order to enable a proper understanding of the financial statements to be reached.

Signed:

Date: 12 May 2021

B Hilliard FCA

Page 5

HEREFORDSHIRE MS THERAPY CENTRE

(A company limited by guarantee)

STATEMENT OF FINANCIAL ACTIVITIES FOR YEAR ENDED 31 MARCH 2021

(Including Income & Expenditure Account)

Notes Income & endowments from: Donations, Grants & Similar Income 3 Charitable Activities 4 Other activities 5 Investment income 5 Total Income Expenditure on: Raising funds 6 Charitable Activities 6 Other 6 Total Expenditure Net Income / (Expenditure) Transfer between Funds 15 Net Movement in Funds Reconciliation of Funds: Fund Balances Brought Forward 15 Fund Balances Carried Forward 15	Unrestricted Funds Restricted Funds Total Year Ended 31.03.21 Total Year Ended 31.03.20 £ £ £ £ 42,377 - 42,377 56,420 844 - 844 26,993 1,283 - 1283 5,454 157 10 167 268
	44,661 10 44,671 89,135
	- - - 101 28,701 4,849 33,550 44,614 7,025 – 7,025 8,580
	35,726 4,849 40,575 53,295
	8,935 (4,839) 4,096 35,840 - - – –
	8,935 (4,839) 4,096 35,840 131,215 41,221 172,436 136,596
	140,150 36,382 176,532 172,436

The statement of financial activities includes all gains and losses in the year. All incoming resources and resources expended derive from continuing activities.

The notes on pages 8 to 14 form part of these financial statements.

Page 6

HEREFORDSHIRE MS THERAPY CENTRE

(A company limited by guarantee)

BALANCE SHEET AT 31 MARCH 21

31.03.21 £ £ 91,160 4,630 81,803 86,433 (1,061) 85,372 176,532 33,000 107,150 140,150 36,382 176,532	31.03.20 £ £ 97,182 333 75,885 76,218 (964) 75,254 172,436 33,000 98,215 131,215 41,221 172,436	31.03.20 £ £ 97,182 333 75,885 76,218 (964) 75,254 172,436 33,000 98,215 131,215 41,221 172,436
	33,000 98,215
		172,436
		131,215 41,221

176,532		172,436

The Trustees consider that the company is entitled to exemption from the requirement to have an audit under the provisions of section 477 of the Companies Act 2006 (“the Act”) and members have not required the company to obtain an audit for the year in question in accordance with section 476 of the Act.

The Trustees acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and for preparing financial statements which give a true and fair view of the state of affairs of the company at 31 March 2021 and of its results for the twelve months in accordance with the requirements of sections 394 and 395 of the Act and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the company.

The financial statements have been prepared in accordance with the special provisions relating to companies subject to the small companies regime within Part 15 of the Companies Act 2006, and in accordance with the Financial Reporting Standards for Smaller Entities (effective April 2008).

The financial statements were approved by the Trustees on 12 May 2021 and signed on their behalf by:

Mr B Freeman — Chairman:

The notes on pages 8 to 14 form part of these financial statements.

Page 7

HEREFORDSHIRE MS THERAPY CENTRE

(A company limited by guarantee)

NOTES TO THE FINANCIAL STATEMENTS YEAR ENDED 31 MARCH 2021

1. Accounting Policies

Basis of Accounting

The financial statements have been prepared in accordance with Accounting and Reporting by Charities: Statement of Recommended Practice applicable to charities preparing their accounts in according with the Financial Reporting Standard applicable in the UK and the Republic of Ireland − (FRS 102) (effective 1 January 2015) (Charities SORP (FRS 102)), the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) and the Companies Act 2006.

The Herefordshire Multiple Sclerosis Therapy Centre Limited meets the definition of a public benefit entity under FRS 102.

Assets and Liabilities are initially recognised at historical cost or transaction value unless otherwise stated in the relevant accounting policy note(s).

Income & Endowments

Voluntary income is received by way of donations and gifts and is included in full in the Statement of Financial Activities when the entity is entitled to the funds.

In accordance with the Charities SORP (FRS 102), the value of services provided by volunteers has not been included.

Grants, including grants for the purchase of fixed assets, are recognized in full in the Statement of Financial Activities in the period in which the charity becomes entitled to the funds.

Incoming resources from the operation of the centre are included when receivable.

Expenditure

Resources expended are recognised in the period in which they are incurred.

Fixed Assets

Depreciation is provided at rates calculated to write off the cost of each asset over its expected useful life on a straight line basis as follows:

Prefabricated Building	5%
Multi-Capacity Chamber	10%
Equipment	20%
Fixtures & Fittings	20%

Fund Accounting

Unrestricted funds are donations and other incoming resources receivable or generated for the objects of the charity without further specified purpose and are available as general funds.

Contingency funds are unrestricted funds of the charity which the trustees have decided at their discretion to set aside to use for a specific purpose.

Restricted funds are to be used for specific purposes as laid down by the donor. Expenditure which meets these criteria is charged to the fund.

Going concern

The financial statements have been prepared on a going concern basis as the Trustees believe, despite the impact of the COVID-19 pandemic, the charity has sufficient liquid unrestricted funds to continue operating for the foreseeable future and twelve months from the authorisation of these financial statements.

The Trustees are taking all necessary steps to protect the financial position of the charity focusing on minimising the reduction in existing income streams, finding new ways to generate income and taking the necessary steps to reduce expenditure.

These plans are kept under constant review by the Trustees to enable them to quickly react to any change in the scale of the crisis, government advice and restrictions imposed.

Page 8

HEREFORDSHIRE MS THERAPY CENTRE

(A company limited by guarantee)

2. Legal Status of the Charity

The charity is a company limited by guarantee and has no share capital.

3. Donations, Grants and Similar Income

General donations The Co-op Local Community Fund Herefordshire Council COVID-19 grant Herefordshire Council Local Lockdown COVID-19 Furlough grant Memberships McKechnie Foundation Tea, coffee & book donations Gift Aid receipts E F Bulmer Openbox Foundation Anton Jurgens Charitable Trust Douglas Arter Benevolent Foundation Burghill School CROC8 Funds Raised at CROC8 Pauline & Bob Hungerford Gill Worthing Hereford City Rotary Dumbreck Charitable Trust Aims2Cure	Unrestricted Funds Restricted Funds Total Year Ended 31.03.21 Total Year Ended 31.03.20 £ £ £ £ 1,131 - 1,131 4,199 4,352 - 4,352 - 10,000 - 10,000 - 8,803 8,803 - 17,086 17,086 - 10 - 10 727 - - - 250 - - - 452 995 - 995 2,072 - - - 5,000 - - - 35,000 - - - 5,000 - - - 500 - - - 1,300 - - - 143 - - - 115 - - - 50 - - - 325 - - - 500 - - - 787
	42,377 - 42,377 56,420

General donations
The Co-op Local Community Fund
Herefordshire Council COVID-19 grant
Herefordshire Council Local Lockdown
COVID-19 Furlough grant
Memberships
McKechnie Foundation
Tea, coffee & book donations
Gift Aid receipts
E F Bulmer
Openbox Foundation
Anton Jurgens Charitable Trust
Douglas Arter Benevolent Foundation
Burghill School CROC8
Funds Raised at CROC8
Pauline & Bob Hungerford
Gill Worthing
Hereford City Rotary
Dumbreck Charitable Trust
Aims2Cure

Unrestricted
Funds
Restricted
Funds
Total Year
Ended
31.03.21
Total Year
Ended 31.03.20
£
£
£
£
1,131
-
1,131
4,199
4,352
-
4,352
-
10,000
-
10,000
-

8,803
8,803
-
17,086
17,086
-
10
-
10
727
-
-
-
250
-
-
-
452
995
-
995
2,072
-
-
-
5,000
-
-
-
35,000
-
-
-
5,000
-
-
-
500
-
-
-
1,300
-
-
-
143
-
-
-
115
-
-
-
50
-
-
-
325
-
-
-
500
-
-
-
787

42,377
-
42,377
56,420

Page 9

HEREFORDSHIRE MS THERAPY CENTRE

(A company limited by guarantee)

4. Income earned from Charitable activities

Oxygen therapy donations Alternative therapies income	Unrestricted Funds Restricted Funds Total Year Ended 31.03.21 Total Year Ended 31.03.20 £ £ £ £ 814 – 814 17,573 30 – 30 9,420
	844 – 844 26,993

5. Income earned from Other activities

Income earned from Other activities
	Unrestricted Funds	Restricted Funds	Total Year Ended 31.03.21	Total Year Ended 31.03.20
Fundraising Activities	£	£	£	£
49 Club Bonus Ball	1,283	–	1,283	2,363
Kington Show - Cake sale Suzanne Hughes	-	-	-	820
Kington Show – Pimms sales	-	-	-	23
Vintage tea party ticket sales	-	–	-	653
Leominster Community Choir – coffee morning	-	-	-	150
Lyonshall coffee morning - Suzanne Hughes	-	-	-	120
Christmas raffle ticket sales	-	-	-	116
Easter raffle ticket sales	-	-	-	113
Duck raffle	-	-	-	42
Hamper raffle at Centre	-	-	-	93
Psychic evenings ticket sales	-	–	-	458
Sale of donated goods	-	–	-	109
Quiz night at Secret Garden	-	–	-	394
	1,283	-	1,283	5,454
	Unrestricted Funds	Restricted Funds	Total Year Ended 31.03.21	Total Year Ended 31.03.20
	£	£	£	£
Investment Income
Bank interest	157	10	167	268

Page 10

HEREFORDSHIRE MS THERAPY CENTRE

(A company limited by guarantee)

6. Total Expenditure

Fundraising Expenses

Unrestricted Funds	Restricted Funds	Total Year Ended 31.03.21	Total Year Ended 31.03.20
£	£	£	£
-	-	-	101

Wages Administration Wages Therapists Employer pension contributions Casual Wages Therapists fees Oxygen Therapy consumables Equipment maintenance Telephone and internet Light and heat Printing, stationery, postage Premises maintenance Ground rent Water rates Insurance National Federation fees Hyperbaric Oxygen Trust Staff and volunteer training Cleaning and hygiene Canteen expenses Travelling expenses Payroll administration General expenses Company House 49 Club prizes Depreciation: Prefabricated Building Multi-Occupancy Chamber Equipment	Costs in furtherance of the Charity's objects Costs of Management & Administration of the Charity Total Year Ended 31.03.21 Total Year Ended 31.03.20 Unrestricted Restricted £ £ £ £ £ – – 5,751 5,751 6,563 14,320 – – 14,320 17,730 – – 167 167 249 - - - - 697 - - – - 6,050 1,036 - – 1,036 2,402 249 – – 249 250 847 440 – 1,287 1,883 – – 387 387 453 516 – – 516 1,334 – – 267 267 671 1,267 4,409 – 5,676 1,245 1,000 – – 1,000 1,000 144 – – 144 280 1,912 – – 1,912 1,412 200 – – 200 200 50 – – 50 300 - – - - 272 761 – – 761 311 - – – - 118 – – - - 59 - – 440 440 300 342 - - 342 842 – – 13 13 13 35 – – 35 653 6,022 – – 6,022 6,022 - – – - 1,885 – – – – -
	28,701 4,849 7,025 40,575 53,194

Wages Administration
Wages Therapists
Employer pension contributions
Casual Wages
Therapists fees
Oxygen
Therapy consumables
Equipment maintenance
Telephone and internet
Light and heat
Printing, stationery, postage
Premises maintenance
Ground rent
Water rates
Insurance
National Federation fees
Hyperbaric Oxygen Trust
Staff and volunteer training
Cleaning and hygiene
Canteen expenses
Travelling expenses
Payroll administration
General expenses
Company House
49 Club prizes
Depreciation:
Prefabricated Building
Multi-Occupancy Chamber
Equipment

Costs in furtherance of the
Charity's objects
Costs of
Management
&
Administration
of the Charity
Total Year
Ended
31.03.21
Total Year
Ended
31.03.20
Unrestricted
Restricted
£
£
£
£
£
–
–
5,751
5,751
6,563
14,320
–
–
14,320
17,730
–
–
167
167
249
-
-
-
-
697
-
-
–
-
6,050
1,036
-
–
1,036
2,402
249
–
–
249
250
847
440
–
1,287
1,883
–
–
387
387
453
516
–
–
516
1,334
–
–
267
267
671
1,267
4,409
–
5,676
1,245
1,000
–
–
1,000
1,000
144
–
–
144
280
1,912
–
–
1,912
1,412
200
–
–
200
200
50
–
–
50
300
-
–
-
-
272
761
–
–
761
311
-
–
–
-
118
–
–
-
-
59
-
–
440
440
300
342
-
-
342
842
–
–
13
13
13
35
–
–
35
653
6,022
–
–
6,022
6,022
-
–
–
-
1,885
–
–
–
–
-

28,701
4,849
7,025
40,575
53,194

Page 11

HEREFORDSHIRE MS THERAPY CENTRE

(A company limited by guarantee)

7. Net Incoming Resources for the Period

esources for the Period
	Year Ended	Year Ended
	31.03.21	31.03.20
This is stated after charging:	£	£
Depreciation	6,022	7,907

8. Trustees Remuneration and Transactions Involving Trustees

No trustee of the company, nor any person connected with them, has received or is due to receive any remuneration for the period, directly or indirectly from the Charity's funds.

8a. Staff Emoluments

taff Emoluments
Gross Salaries Employers National Insurance Contributions Employers Pension Contributions	Year Ended 31.03.21 Year Ended 31.03.20 £ £ 20,071 24,293 - – 167 249
	20,238 24,542

9. Taxation

The Charity considers its income to be exempt from corporation tax.

10. Tangible Fixed Assets

Cost As at 1st April 2020 Additions Disposals As at 31st March 2021 Depreciation As at 1st April 2020 Charge for the year Disposals As at 31st March 2021 Net Book Value 31st March 2021 Net Book Value 1st April 2020	Prefab Building Multi- Occupancy Chamber Equipment Furniture & Fittings Total £ £ £ £ £ 120,433 25,112 8,714 1,774 156,033 - – – – - – – – – –
	120,433 25,112 8,714 1,774 156,033
	23,251 25,112 8,714 1,774 58,851 6,022 - – – 6,022 – – – – –
	29,273 25,112 8,714 1,774 64,873
	91,160 - – – 91,160
	97,182 - - – 97,182

Page 12

HEREFORDSHIRE MS THERAPY CENTRE

(A company limited by guarantee)

11. Debtors

Prepayments Accrued income 12. Cash at Bank and in Hand Current Account Deposit Accounts Cash in hand 13. Creditors: Amounts due within one year PAYE/NI Pension Accrued Expenses 14. Analysis of Net Assets between Funds Tangible Fixed Assets Current Assets Total Assets Less Current Liabilities Net Assets at 31st March 2021	31.03.21 31.03.20 £ £ 425 333 4,205 -
	4,630 333
	31.03.21 31.03.20 £ £ 14,028 4,794 67,654 70,944 121 147
	81,803 75,885
	31.03.21 31.03.20 £ £ - 189 75 95 986 680
	1,061 964
	UnrestrictedFundsRestrictedFunds TotalFunds £ £ £ 91,160 - 91,160 50,051 36,382 86,433
	141,211 36,382 177,593 (1,061) (–) (1,061)
	140,150 36,382 176,532

Page 13

HEREFORDSHIRE MS THERAPY CENTRE

(A company limited by guarantee)

15. Movement in Funds

Restricted Funds 1.Openbox Foundation 2.Openbox Foundation (IR) 3.William Cadbury Trust 4.Douglas Arter Benevolent Foundation 5. Dumbreck Charity 6.Anton Jurgens Charitable Trust 7. J S F Pollitzer Charitable Settlement 8.Hereford WI 9.Hereford City Rotary 10.Pauline & Bob Hungerford 11.Gill Worthing 12.Burghill School CROC8 Total Restricted Funds Unrestricted Funds: General Funds: Transfer to Restricted Fund Contingency Fund Total Unrestricted Funds Total Funds	At 1st April 2020 Incoming Resources Outgoing Resources Transfers At 31st Mar 2021 £ £ £ £ £ 27,735 10 293 - 27,452 4,466 - 3,266 - 1,200 750 - - - 750 500 - - - 500 500 - - - 500 5,000 - - - 5,000 980 - - - 980 51 - 51 - - 325 - 325 - - 115 - 115 - - 5 - 5 - - 794 - 794 - -
	41,221 10 (4,849) - 36,382
	98,215 44,661 (35,726) - 107,150 33,000 – – – 33,000
	131,215 44,661 (35,726) - 140,150

	172,436 44,671 (40,575) - 176,532

The Contingency Fund of £33,000 is to provide funding to meet salary commitments and other operational costs for a minimum of eight months.

16. Purposes of Restricted Funds

1.Openbox Foundation

funding for External refurbishment funding Internal building refurbishment funding for Cryospeed Unit

2.Openbox Foundation

3.-5..Funders

funding for Physiotherapy treatments funding for Therapy Room funding for Equipment & general costs

J S F Pollitzer Charitable Settlement

8 - 11.Funders

Burghill School CROC8

17. Contingent Liabilities

There are no contingent liabilities at the accounting date.

Page 14

HEREFORDSHIRE MS THERAPY CENTRE

REPORT AND FINANCIAL STATEMENTS

HEREFORDSHIRE MS THERAPY CENTRE

CONTENTS

COMPANY INFORMATION

TRUSTEES AND DIRECTORS REPORT For Year Ended 31 March 2021

Objectives

COVID-19 pandemic crisis

Activities

Therapies

Catchment Area

Centre extension “Space to Grow”

HEREFORDSHIRE MS THERAPY CENTRE

(A company limited by guarantee)

Trustees and Directors Report for Year Ended 31 March 2021 (continued)

Staffing

Volunteers

Events for the coming year

Financial review

Reserves policy

Financial position during COVID-19 pandemic

Going Concern

Trading style

Support

Mr B Freeman Chairman on behalf of the Trustees

INDEPENDENT EXAMINER’S REPORT

For Year Ended 31 March 2021

Independent examiner’s report to the Trustees of Herefordshire MS Therapy Centre Limited

Respective responsibilities of Trustees and examiner

Basis of independent examiner’s report

Emphasis of Matter

Independent examiner’s statement

HEREFORDSHIRE MS THERAPY CENTRE

STATEMENT OF FINANCIAL ACTIVITIES FOR YEAR ENDED 31 MARCH 2021

HEREFORDSHIRE MS THERAPY CENTRE

BALANCE SHEET AT 31 MARCH 21

Mr B Freeman — Chairman:

NOTES TO THE FINANCIAL STATEMENTS YEAR ENDED 31 MARCH 2021

1. Accounting Policies

Basis of Accounting

Income & Endowments

Expenditure

Fixed Assets

Fund Accounting

Going concern

HEREFORDSHIRE MS THERAPY CENTRE

(A company limited by guarantee)

2. Legal Status of the Charity

3. Donations, Grants and Similar Income

HEREFORDSHIRE MS THERAPY CENTRE

4. Income earned from Charitable activities

5. Income earned from Other activities

HEREFORDSHIRE MS THERAPY CENTRE

6. Total Expenditure

Fundraising Expenses

HEREFORDSHIRE MS THERAPY CENTRE

7. Net Incoming Resources for the Period

8. Trustees Remuneration and Transactions Involving Trustees

8a. Staff Emoluments

9. Taxation

10. Tangible Fixed Assets

HEREFORDSHIRE MS THERAPY CENTRE

11. Debtors

HEREFORDSHIRE MS THERAPY CENTRE

15. Movement in Funds

16. Purposes of Restricted Funds

17. Contingent Liabilities