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) ## **CONTENTS** ||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) ## **COMPANY INFORMATION** Mr B Freeman (Chairman) Mr B Hilliard FCA (Treasurer) Mrs S Leeuwangh (Company Secretary) Mrs A Dalton Mrs A Garland Mrs A Kitchen Mr P Marriott Mrs L Shaw Mr R Shimmin **Directors/Trustees** Mr B Freeman (Chairman) Mr B Hilliard FCA (Treasurer) Mrs A Dalton Mrs A Garland Mrs A Kitchen Mr P Marriott Mrs L Shaw Mr R Shimmin **Company registered number** 2294595 (England and Wales) **Charity registered number** 701924 **Registered Office** 31 Mostyn Street Hereford Herefordshire HR4 0EG **Accountant** B Hilliard FCA Chartered Accountant Sandford Lodge Clive Avenue Church Stretton Shropshire SY6 7BS **Bankers** Lloyds Bank 6–8 High Town Hereford Herefordshire HR1 2AE Virgin Money Jubilee House Gosforth Newcastle upon Tyne NE3 4PL Page 1 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** |**Notes**
**FIXED ASSETS**
Tangible Assets:
10
**CURRENT ASSETS**
Prepayments and accrued income
11
Cash at bank and in hand
12
**CURRENT LIABILITIES**
Less: Amounts falling due within one year
13
**Net Current Assets**
**NET ASSETS**
**FUNDS**
**Unrestricted**
Contingency fund
Other unrestricted funds
Unrestricted funds carried forward
15
Restricted funds carried forward
15|**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**|**31.03.21**
**£**
**£**
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**| 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**| 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 7. J S F Pollitzer Charitable Settlement 8 - 11.Funders 12. Burghill School CROC8 ## **17. Contingent Liabilities** There are no contingent liabilities at the accounting date. Page 14