HEREFORDSHIRE MS THERAPYCENTRE {Acompany limtted byguaranteel Company numter: 2294595 (England and Wales) Charity number: 701924 HEREFORDSHIRE MS THERAPY CENTRE IA company lyniled ty guarantee) UNAUDITED REPORT AND FINANCIAL STATEIAENTS YEAR ENDED 31 IAARCH 2022
HEREFORDSHIRE MSTHERAPYCENTRE IA company limrted byguaranteel coKrEKrs Page Company Information Trustees and DlrKtt¥s Report Independent Examiner's Re Statement of Financial Activities Balance Sheet Nrtes to the Financial Statements 8-14
HEREFORDSHIRE MS THERAPYCENTRE (Acompany limrced by guarantee) COMPANY INFORMATION threctorsrustee5 Mrs L Shaw Ichaimanl Mss J H$ ITrea5urerl apF¥)inted 4 August 20Z1 Mr5 S Leeuwangh IC(Mnpany Secretsryl Mr B Freeman l•r B Hilliard FCA Mrs A Dalton A Garland IITS A Kitrhen Mr P A¥rr%)tt R )nMITh th resBned 4 August Z021 th resEned 4 August 2021 Cthnpany registerèd number 2294595 (Engla1 and Wales) Charity reglstered number 701924 Rè¥i5tered Officè 31 l+knstyn Street Hefeford Hereford5hwe HR40EG Indèpendent Examlner B Hilliard FCA Chartered Accountsnt SarKtford Lodge Clive Avenue Churth Stretto Shrop5hTe SY6 7BS Bankers Lloyd5 Bank 6-8 HEh Town Hereford Herefordshire HR1 2AE Vtrgin Pl Jubilee House Gosforth Newca5Lle up¥)n Tjme NE3 4PL Page 1
HEREFORDSHIRE MS THERAPYCENTRE (Acompany limited byguaranteel TRUSTEES AND DIRECTORS REPORT For Year Ended 31 March 2022 The Trustees (who are also directors of the chaiity for the wrtx)ses of the Compan5 Art) submit their report and Ihe financial ststements of the Herefordshye IAJltpLe Sclerosis Therapy Centre Limited for year ended 31 htsr(h 2022. Objectives To impmve for publK LEnefiL by any lawful means. the CdI1)n of those with I+11[[e klerosis and other medical condrt>)n5. Change of Name Sce the centre has teen bad( in orfftrth f¢Alowng the pandemK, the oxygen therapy 15 being used for a variety of medKal conditi)n5. The Tnjstees have therefore agreed thJt the name of the charity be amended b) Oxygen & Wellness Therapy Centre. thi5 name thange was apwoved ty Companies House on 13, June 2022. COVID 19 Pandemic Whllst the centre has back up njnning for all this JEar. t has srll had a profound effect on the daily running of the ntre and •Kome streams. Ilemters have attended and sutv)rted the centre, but the numr$ ha¥e not retyrned to a nomal level as there i5 dearty still some awane$S of the VinJ5. Activities We have been unable to continue with many acbvities a5 it has not been easy b) get the exercise das5e5 and physio bad( up and rning. We are currendy in the prc(e55 of Ic)kg for a new massage therapi5L and look at this as a pmrity. so our now fully complet£(I drapy rtN)m 15 Put to good use. Therapies Oxygen Therapy 15 our treatment wilh ap[0x. 925 dt aMmtrnents in the year. the ntre re0ed in May 2021. Snce reopening Oxygw) Therapy has been used a5 a treatment for other medKal conditsons. The Centre has treated a varEty of conditK)ns (ancer5, brain injury, COPD, ME, Parkinwn, stroke, sports injuries COVID-19. Dementia, Hemiated DFts, Fknromyalgia, Arthrits and I•Acular Degeneratson. Catchment Area The geography of the Centre client base mears we serve the swroundmg of Worcestershire, Shropshire, and th, MvJ- arKI West Wale5 With dIstan of up b eighty miles travelled from places as far afld as AbeTrstwyth and we look forward to seelig users from all the locatw)ns reopening. We cofflmunicatR with ¢)ur metnLv5 through our [sletter, website. sla1 media. We continue tr) be involved wth our over-arthiry t(Mfy Ttrwapy Centres (mcl via regnal meetings. Stafflng The Centre Manager works a three.day week. with zero Ir$ tl)rary cover 5tAff kn cover trw)IvJay5 and sickness whKh has given greaty flext)lrty tt) worki)g wactres. Our Asssknt Manager mle has not iwn filled, as ojrrendy we are unable to warrant the hours as the centre 15 not rUnng trj full capacity and only 3 da week. We are lookiig *eaSe rojnbers next year and the on9 extra day5, where ty>n a supervrA)r role may te re(nJit. Page 2
HEREFORDSHIRE MS THERAPYCENTRE IAcompany limited byguaranteel Trustees and Dyectors Rwrt for Year Ended 31 Ilarch 2022 Iconfinuedl Volunteers The Trustees are deeply grateful for the commTtment and dedtitK>n shown by volunteers and mcere thanks go to all the Centre's volunteers. The Centre could Mt operate cCesSfUllY without their willing help, some of whom have MS. They contrtsjte a YarEty of ways. CLng.. offering a warm welcome, supptsrts.ng clEnts and their carers, making lea, deaning, raI5g funds. Oatrg the OxyEen Therapy Chamber, and deliyering other thwapies. A5 a self.help charity. the &)ard of Directsrs arml Tmstre5 con5St of Feople wilh MS or their carers, whKh creates a SlpathetK empathy with dnts and a SensVe unthrstsnding of the 5ervice5 the Centre provth. They are also volunteers contrknjting ro the welfare of the charitable company and are unpaid. Events for the coming year It 15 hoped that in the cOmg year eyents will recommen. it s pianrd to have wular quiz nights, raffles thrOugUt the year and a Chrthias Raffle. There is also a 100 Club that member5 yJbscth tt). Financial review The company 15 fully seif-financed. derivi Tts from aL cknnali)rs. IaL fundraising, and Trust grants. The Chatity had net expenditijre for the year of 1£17.304112020: net income £4,096), cownwlng unrestrKted net expendire of1£13.294112020- Net rKome £8,935). arKI re5trKtsd net expendiujre of 1£4,010112020'. Net eXpendIty 1£4,839I1. Totsl income for the sEar decreased by £12, 181 and eXFendi •eaSed by E9,219 re9Jlting in a rnaround from a £4,096 surplus in the wevKXJS financial year to a defKit of 1£17,3041 for the year. Reserves policy The directors COnsr it prudent trj hold a min1mL of £33.(XX) contingerKy reseThe ts) cover eht months budgeted operating costs for the year to 31 March 2023. COVID-19 pandemic ¢risi5 The PAMrd and management are conimuNig tske all necessary steps ID protect the fnancial position of the charitsble company in VEW of the contM)ued thallenges wesented by the pandemK. Tight budgetsry and cash control will be a f¢xus whflst advan)9 the interests of beneficiaries and prorecting tr health and wellLEing of everyone COnnecr wth tt)e tharity. Going Concern After naking appropriate enquirE5, the Trust£es have a reasonalAe expec that the Charrty has adequate resour5 to contr'nue li operatK>nal exiStee for the foreseeable fUre. For rea50n. they continue ro adopt the -going concern" basis in preparing the financial starements. Furljw detai15 regarthg the adopts)n of the "going concern" basis can found in the AcCoun1g Polw. Trading stylè Since 1 June 1997, the work of the thartty has been cart1 out under the narne of "Herefordshire MS Therapy Centre" until 13 June 2022 when ihe Charity C&mmtssK)n oppr(wed a thange of name to "Oxygen & Wellness Therapy Centre". Page 3
HEREFORDSHIRE MS ThERAPY CENTrE IA company limited byguaranteel Trustees and Directs)rs Rerxyt for Year Ended 31 Plorth 2022 Icontwiuedi Support Recogniti)n 15 given to the followng for ther finala1 c0ntn"LtIOn5 tD the charity. on)K Foundalijn Anton Jurgens Charitsbie Tnjst Douglas Arter Benevolent FOundatn Herefordshire Councrt COVlD-19 Grants Wlliam CadbJry TTUSt Lhjmbreck Charity In preparng this reF*)rL the Trustees have tsken advantsge of small companies. exemptKJn provKled by section 415A of the Compari Att 2(. Thi5 report was approved by the Trustees on 3 August 2022 and was sv4ned on their behalf by: J/ JL Mrs L Shaw ChaTrman on behalf of the Trustees Page 4
HEREFORDSHIRE MSTHERAPY CENTRE IA company limited by guarantee) INDEPENDE EXAMINER'S REPORT For Year Ended 31 March 2022 Independent examlner's report to the Trustees of Herefordshlre MS Therapy Centre Llmlted I report on the finanaal statements of the c(xnpany for the year ended 31 IAarch 2022 which are set out on pages 6 to 14. Respective responsfbllitie5 of Trustees and examiner The Trustees, who are also the directors of the company for the pu of company law, are responsible for the piepardtion of the fTnancial statements. The Tnjstees consider that an audit is not required for this year under section 144{2} of the Charities Act 2011 (the Attl but that an independent examination is needed. Havtng satisfied myself that the company is not yjbject to atht under charity and company taw and Is eligible for indepedent examination, it 15 my responsibility to: Examlne the financial statements der section 145 of the Act" Follow the pr(xedures laid down in the general Directions given by the Charity Comtlli5sion der settion f451511b) of the Act; and State whether particular matters have cle to my attenticfi. Basis of Independent examiner's report My examination was carried out in accordance the general Dfirections given by the Charity Cc4mmission. An examination includes a review of the accwnting reconjs kept by the cpanY and a comparison of the financial statements presented th those records. It also includes Considerati( of any unusual items or disclosure5 in the financial statements and seeking explanation from you as Trustees C(ÈCeM1n% any such matters. The procedures undertaken do not provide all the ewdence that vULd be required in an audit, and consequently no opinion is given as to whether the financial statements present a "true and fair ew. and the report is limited to those matters set out in the statement beLow. Independent examiner's statement In cfflnectlon with my examTnation, no matter has come to my attention: {11 which glves me reasonable cause to believe that in any material respect the requirements: to keep accounting records in accordance with settion 336 of the Companies Act 2011. and to prepare financial statements which accord with the accounting records and comply th the accounting reqLFirements of section 396 of the Companie5 Act 2011 and with the methods and principles of the Statement of Recommended Prartice: Accountfng and ReF)Orting by Charfjtles have not been met. or 121 to which, in my opinion, attention should be drawn in order to enable a proper understandlng of the finanaal statements to be reached. STgned.. Date." 3 August 2022 B. Hilliard FCA Page 5
HEREFORDSHIRE MSThERAPYCENTRE IA company limrced byguaranteel STATEMENT OF FINANCIAL ACTIVITIES FOR YEAR ENDED 31 IAARCH 2022 Ilncluding Irorne & EX[0re Account) Notes Unrestrict8J Restricted Fund5 Funds Total Year En(1ed 31.03.22 Total Year Ended 31.03.21 Income & endowments froffl: Donations. Grants & Simlar Income 15,424 15.424 42,377 Charitable Acoviknes Other acmies InvestJnent income IBdnk Intprestl Total Income 14,707 2,313 43 32,487 14.707 2,313 46 32,490 1,283 167 44,671 Expenditure on: Raising funds Charitable Activities Other Total Expenditure 32,597 13,184 45,781 4.013 36,610 13,184 49,794 33,550 7,025 40.575 4.013 Net Income I IExpenditure} Transfer tween Fund5 Net Movement in Funds (13.2941 {4,010} (17,3041 4.096 15 (13,2941 {4,010} (17.3041 4,096 Reconciliation of Funds: Fund Balances Brought Forward Fund Balances Carried Forward 15 15 140.150 126,856 36,382 32.372 176,532 159,228 172,436 176,532 The staternent of financial athities YKiude5 all gains and losses li the year. All incoming resour and regxjrs exFeThled derTr from con1u7ng actNits"es. The note5 on pages 8 tD 14 form part of these financial Sta*ents. Page 6
HEREFORDSHIRE MS THERAPY CENTRE (Acompany limrted byguaranteel BALANCE SHErr AT 31 MARCH 22 31.03.22 31.03.21 Notes FIXED ASS5 Tangible Assets: 10 85.346 91,160 CURRENT ASSErs Prepayments and acuued income Cash at bank and hand 1.410 76.388 77,798 4.630 81,803 86,433 12 CURRENT LIABIUTIES Less: Amounts falling due wrthin one sEar 13 13,9161 11.0611 Net Current Assets 73,882 85,372 176.532 NEf AssErs 159,228 FUNDS Unre5tr1cted Contingency fd Other unrestrKted funds Unrestricted fund5 carrd fOard Restricted funds carrd forward 33,¢X) 93.856 33,IKJO 107,150 15 126,856 32,372 159.228 140.150 36,382 15 176.532 The Trustees nSider that the company is entsded to exemply)n from the requirefflent to have an audit under the provisions of seCn 4n of the CompanEs Art 2006 I-the Acfl and metniws have not required the company to ob12ii an audit the year in qLStM)n accordan with sectK)n 476 of the Act The Tru5tee5 ad(nowledge their re5wnsblities for cimnptyng wrth the requirements of the compan Act 2006 wth respect tri accounting record5 and for prepamg financial strtements whKh give a tnje and fair VEW of the stste of affair5 of the company at 31 Marth 2022 arKI of its results for the tr4elve months in accordan wilh Ihe requirements of 5ect¥)ns 394 and 395 of the Act and whKh OttrWoe comply with the requirements of the CompanEs Act 2006 relalmg b) financial ststements. so far as applKable to the conpany. The financial ststements have bew pyepared in accorda with the specpl provsions reiaiing tD companies subject to the small tompany regTne within Part 15 of the compan Act 2006, and in accordance with the FinarKial ReF*Jrtiig Standards for Smaller Entstss leffectNe April 20081. The linancial ststements were approved by the Trustres Im 3 August 2022 and sqned on their behalf ty. Mrs L Shaw - Chairman: LI5CL The notes on page$ 8 tt5 14 form part of these finarla[ ststwnents. Page 7
HEREFORDSHIRE MS ThERAPY CENTRE IA company limited by guarantee) NOTES TO THE FINANCIAL STATEMENTS YEAR ENDED 31 JIIARCH 202Z 1.Accounting Pollcles Basis of Accwntinq The financial ststements haye been wepared in accordarKe with Accountiig and Rerx)rri)g by Charitse5.' sratement of Recornmended PractKe atvLKatAe to charitEs prepamg their accounts in according with the Financial RetK)rting Standard aFpiKabLe in the UK and the RepubiK of Ireland IFRS 1021 leffectNe 1 January 201 $1- IChariiEs SORP IFRS 10211, the Fina(Kial Rep)rtsig Standard appiKable in the UK and RepublK of Iland IFRS 1021 and the Companie5 Aci 2(. The Herefordshire Ij(pie ter0515 Therapy Centre LThitrd meets the &finitJn of a pubiK beneflt enoty under FRS 102. Assets and Litibilibe5 are inibally recognsed at hi5tsirKal cost or transKTh)n value unless othetwise ststed tn the relevant accounting poly notelsl. Income & Endowments Voluntsry income is receNed by way of (al5 and grfts and s v)dwJed in full in ts Statement of Financial ACtsY1tk when the enlity 15 enbded ty the fund5. In accordance with the chan SORP IFRS 1021, the value of servTh provbjed by volunteers has not en included. Grants, induth.ng grants for the wrthase of fixed assets. a reco¥nize(I n full in the Statement of Financial ActsvitE5 the li whrh the tharTty becomes entided tr) the fund5. Incoming resources from the rat of the centre are when receTwabLe. Expendlture Resources eXnded are reCOgned in wttKh they are incurred. Flxed Assets DepreciatA)n s pyovhled at rdtes calaAated tt> wite off the cost of eath asset over its exwed useful life on a straight-line basi5 as follows: PrefabrKated Ilti-CaPaCIty Chamber Equi)ment Fixtsjres & Fittiigs 5% Fund A¢¢¢untin8 Unresitted fund5 are donali)ns other pKomNw rerCeS receivable or generated for the objects of the charity WItht further 5kEcifvJ purpwjse and are a1[able as general fLmds. Ctsntinger fuThJs a unrestrKted funds of the tharity whKh the trustees have ed at their di5cretv)n to set aswje to use for a sttcifK wrry)se. Resrrtted funds are to be used for SFecrfK kxjryw as LaNJ fkn¥n by the (knr. Extenditure which meets Ihese criteria ts charged tD the fund. Going concern The financial stsrements have teen wepared on a gomg concern basis a5 the TnJ5tees believe the charity has suffKient IKIUKJ unrestrKted funds to COnUe owatmg fw the foreseeable fure and ts¥elve months from the auth)risatxJn of these financkil 5tstements. Page 8
HEREFORDSHIRE MSTHERAPYCENTRE IAcompany limited byguaranteel Legal Status of the charlty The charity is a company Iwnited by guarantee and has rm) share capTial. OonatTons. Grants and Similar Income Unrestricted Fun(15 Restricted Funds Totsl Year Ended 31.03.22 Total Year Ended 31.03.21 General donatu)n5 677 677 The Co-op Local Community Fund 4,352 Herefordshire Counal COVID-19 grant Herefordshire Counal Local L[()wn 10,000 450 450 8,803 COVID-19 Furlough grant COVID-19 Start up Grant 1,550 1,550 17.086 MembershF 747 747 10 Tea. coffee & LNJok donalions 50 50 Gift Aid receipts AB Computers 995 2,500 Hereford EA)wling Club The CILK Ltd 31J) 3fy) 150 150 The Street Fountht¥)n Albert Hunt 15,424 15,424 42,377 Page 9
HEREFORDSHIRE MSTHERAPYCENTrE (Acompany limtted byguaranteel Income earned from Charltable aCtItieS Unrestricted Funds Restricted Funds Total Year Ended 3 1.03.22 Ttxal Year Endèd 31.03.21 Oxygen therapy iJonaii)n5 12.197 12.197 814 Alternatwe therapies income 2.510 2,510 30 14.707 14.707 844 Income earned from other activitses Unrèstricted Restricted Funds Funds Total Year Ended 31.03.22 Total Year Ended 31.03.21 Fundraising Activities 49 Club &)nus Ball 100 Club MeMr5 CollectA)n Tins VarM)us localijns Christma5 QUTZ Christmas Bear Christmas raffle trket 5ale5 vaLene Quiz Sale of donated sd$ 1.196 49 1.196 49 1,283 494 494 12 15 71 426 12 15 71 426 50 2.313 2,313 1.283 Page 10
HEREFORDSHIRE MS THERAPYCENTRE (Acompany limtted byguaranteel Total Expenditure UnrestrTCted Funds Total Year Ended Total Year Ended 31.03.21 Restricted Funds 31.03.22 Fundraising Expenses Costs of Management Total Year Ended 31.03.22 Total Year Ended 31.03.21 ts irt furtherance of the Charity's objects AdminTstratKn of the Charity Unrestricted Restricted Wages Administration Wages Therapists Employer tEnsp)n contnf#Jts)n5 Oxygen Therapy consumables Equipment maintenarKe Telephone and iiternet Light and heat Printing. st3tK)nery, F*)stsge preiseS maintenance Ground rent Water rates Insurance National Federaii)n fees HyperbarK Oxygen Trust Stsff and volunteer traIng Cleaning and hygiene Canteen expenses Travelling expenses Payroll administratijn General expenses Company House 49 Club prRes Depreciation: Prefabrrated PAJilding Multi-occupancy Chamber Equipment 11,149 5,751 14,320 167 1,036 249 1,287 387 516 267 5,676 1,000 144 15,912 15.912 239 4,011 816 1,386 536 639 239 4,011 223 1386 593 536 639 497 497 4,242 822 3,420 207 189 260 207 189 260 1,912 200 50 756 555 336 ZZ3 756 555 336 761 223 750 750 440 342 13 264 264 13 35 5.814 5,814 6.022 32,597 4.013 13.184 49.794 40.575 Page 11
HEREFORDSHIRE MS THERAPY CENTRE IA company limtted byguarantee} Net In¢Mifng Resources for the Perfi Year Ended 31.03.22 Year Ended 31.03.21 Tho is stated after thargtiry: Deprlan 5,814 6,022 Trustees Remuneration and Tr•nsKtions Involving Trustees No trustee of the company, nor any pers connectsd with them, ha5 received or 15 due to receive any remunerath)n for the rK¥1, ¢threc*ly or indirectty from the Chantys fund5. 8a. Stsff Emoluments Year Ended 31.03.22 Year Ended 31.03.21 Gross SalarEs Employers Natk)nal Inmjrance ContribLttM)ns Employer5 Pensb)n Contrtxrtions 27.061 20.071 239 27.300 167 20,238 Taxatlon The Chanty con5ider5 its irOMe b) ir exempt from corp)ratw)n tsx. TangTble Fixed Assets Prefab Building Multl-trcupancj Equipment Furniture & Fittings Total Chamber Cost As at 1st April 2021 Addibons Di5P05als As at 31st lknrch 2022 120,433 25,112 8,714 1,774 156.033 120.433 25,112 8.714 1.774 156,033 Depreciatpjn As at 1st Apnl 2021 Charge for the year Disposals As at 315t March 2022 29,273 5.814 25,112 8.714 1,774 64,873 5,814 35,087 25.112 8.714 1,774 70,687 Net Bc#Jk Value 31 st Mar¢h 202Z Net Book Value 85.346 85,346 1stApril 2021 91.160 91.160 Page 12
HEREFORDSHIRE MSTHERAPYCENTRE IA company limrted by guarantee) 11. Debtors 31.03.22 31.03.21 Prepaynents Accrued iicome 1,410 425 4.205 4.630 1.410 12. Cash at Bank and in Hand 31.03.22 31.03.Z1 Current Account Deposit AccOts Cash in har)d 11.619 64.566 203 14,028 67,654 76,388 81,803 13. Creditor5: Amounts due wlthln one year 31.03.22 31.03.21 PAYEINI Perin 75 3.916 3.916 986 1,061 14. Analysis of Net Assets between Funds UTrre5tricted Funds Restricted Funds Tctal Funds Tangible Fixed Assets Current Assets Totsl Assets 85.346 45.426 130.772 85.346 77.798 163,144 32,372 32,372 Leks Current Liabilitss (3,9161 13,9161 Net Assets at 31st March 2022 126.856 32.372 159.228 Page 13
HEREFORDSHIRE MS THERAPY CENTRE IA company limrted byguaranteel 15. Movement In Funds At At 1st April 2021 kncorning Ojtgoing Resources Resources Transfer5 31st 2022 Restricted Funds 1.0nbOX Fwndatt)n 2.Openbox FixJndatKJn IIRI 3.William Cadtrrtjry Trust 4.Douglas Arter Benevolent F1ndat[In 5. Dumbred( Chanty 27.452 1.2) 750 13,0521 13681 24.403 832 750 5(M) 500 5¢J) 500 6.Anton Jurgens Charrbble TnJ5t 15931 4,407 7. J S F Pollitzer Charitsbie Selllement 980 Total Rèstricted Funds 36.382 14.0131 32.372 Urirestrlcted Funds: General Funds- Transfer iv Re5trthd Fur Contingenq Fund Total Unrestrlcted Funds 107.150 32,487 145.7811 93,856 33,1XXI 140.150 33,000 126,856 32.487 145,7811 Total Funds 176.532 32.490 149.794} 159.228 The Contnigency Fund of E33.IKXI i5 tr) lundng &) meet salary commitinents and other operali)nal costs for a minwnum of eEht months. l& Purposes of Restrtcted Funds 1.OpeniN)x FoundatKJn fuThJb)g External refurfothment 2.Openbox F1ndati)n fundwig Internal tr¥Jfithg refurbthment 3.-5.Funder5 fundng for CrsDspeed Lknit 6. Anton Jurgens Charitable Tr furthg for New 0xen Sfftm 7. J S F Pollitrr Charitable Setdement fundiig for p)therapY treatsnents 17. Contingent Liabilities There are no contingent liabili1k at the accountrg dalE. Page 14