**Oxygen and Wellness Therapy Centre (A Company limited by guarantee)**
Company number: 02294595 (England and Wales) Registered Charity number: 701924
## **OXYGEN AND WELLNESS THERAPY CENTRE**
(A company limited by guarantee)
## **DIRECTORS' AND TRUSTEES' REPORT AND FINANCIAL STATEMENTS**
**YEAR ENDED 31 MARCH 2025**
**Oxygen and Wellness Therapy Centre (A Company limited by guarantee)**
## **COMPANY INFORMATION**
## **Directors/Trustees**
Mrs L Shaw (Chairperson) Miss J Hicks (Treasurer) Mrs S Leeuwangh (Company Secretary) Mr B Freeman Mrs A Kitchen Mr R Shimmin Mr R Jones Mr B Hilton (appointed 25th July 2024)
**Company registered number** 02294595 (England and Wales) **Charity registered number** 701924 **Registered Office** 31 Mostyn Street Hereford Herefordshire HR4 0EG
**Independent Examiner** 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
**Oxygen and Wellness Therapy Centre**
**(A Company limited by guarantee)**
## **DIRECTORS AND TRUSTEES REPORT For Year Ended 31 March 2025**
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 Oxygen & Wellness Therapy Centre Limited for year ended 31 March 2025.
## **Objectives**
To improve for public benefit, by any lawful means, the condition of those with Multiple Sclerosis and other medical conditions.
## **Activities**
In 2024 we continue to grown our member base and the Centre was bursting at the seams. This saw us extend our oxygen sessions to accommodate our waiting list. The Centre also actively fund raised and were able to secure a new exercise bike and state of the art anti gravity treadmill to help increase the business and therefore funds to help us become self sufficient.
The Centre has continued to provid Reflexology sessions, beauty therapies and seated dance classes to our members. The Centre will continue fund raising this year, to help raise vital funds to provide these and more services. We have also taken the decision to look for a fitness trainer to assist in our gym room to encourage our members to be self sufficient in their health and wellbeing journey .
## **Therapies**
Oxygen Therapy is our principal treatment with approx. 1390 client appointments in the year. The previous financial year saw 1005.
The Centre has treated a variety of conditions including cancers, brain injury, COPD, ME, Parkinson. Since reopening Oxygen Therapy has been used as a treatment for other medical conditions including stroke, sports injuries COVID-19, Dementia, Herniated Discs, Fibromyalgia, Arthritis and Macular Degeneration.
## **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.
We communicate with our members through our newsletter, website, and social media.
We continue to be involved with our over-arching body the National Therapy Centres (MSNTC) via regional meetings.
## **Staffing**
The Centre Manager continues to work four days a week, and a zero hours temporary staff member along with two Volunteers cover holidays and sickness. We are still looking to be able to open the centre 5 days a week in the near future.
The Centre's Reflexologist decided it was time to retire and left her employment in May 2024. The Board had the difficult decision of how to replace the position, at an EGM held on 26th June 2024 it was agreed that the Chair of the Charity would provide this service one day a week on a self-employed basis. In the current financial year the Chair of the Charity was paid £3,128 for her reflexology services.
## **Volunteers**
The Trustees are deeply grateful for the commitment and dedication shown by volunteers and sincere thanks go to all the Centre’s volunteers, without which the Centre would not be able to operate. 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 administration duties.
A number of our volunteers/members have been involved with a government scheme UK Shared Prosperity Fund, delivered by HVOSS (Herefordshire Voluntary Organisations Support Service). It was targeted at those who are socially excluded and economically inactive. The aim was to increase basic life skills and employability and provide opportunities for those who are isolated, lonely and socially excluded to integrate into the community more. Many of our volunteers/members gained valuable life skills including Emergency First Aid, Emotional Intelligence and Digital Skills and one of our members moved into employment through the scheme
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. There are also volunteers contributing to the welfare of the charitable company and are unpaid.
## **Events for the coming year**
The charity will continue to hold quiz & bingo nights with various raffles throughout the year including a Christmas Raffle.
The bonus ball "Club 59" is proving popular and is continuing and is available for all members to join.
## **Financial review**
The company is fully self-financed, deriving its income from personal donations, local fundraising, and Trust grants.
Page 3
**Oxygen and Wellness Therapy Centre**
**(A Company limited by guarantee)**
The Charity had net income for the year of £5,828 (2024: net expenditure (£9,792), comprising unrestricted net income of £10,780 (2024: Net expenditure (£13,858)), and restricted net expenditure of (£4,952) (2024: Net income £4,066).
Total income for the year increased by £28,221 and total expenditure increased by £12,601 resulting in a turnaround from a (£9,792) deficit in the previous financial year to a surplus of £5,828 for the year. The increase in income is due to the increased use of the Centre by members and the donations to purchase the medi bike and Anti Gravity machine.
## **Reserves**
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 2025 representing target reserves.
"Free" Reserves at 31 March 2025 amounted to £37,747 (31/03/24 £38,231), £4,747 higher than target (31/03/24 £5,231 higher than target).
Tight budgetary and cash control will be a focus whilst advancing the interests of beneficiaries and protecting the health and wellbeing of everyone connected with the Charity.
## **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.
## **Trading style**
Since 1 June 1997, the work of the charity has been carried out under the name of “Herefordshire MS Therapy Centre” until 13th June 2022 when the Charity Commission approved a change of name to “Oxygen & Wellness Therapy Centre”.
## **Support**
Recognition is given to the following for their financial contributions to the charity:
|Openbox Foundation|Rowlands Trust|Eveson Trust|
|---|---|---|
|William Cadbury Trust|Douglas Arter Benevolent Fund|The Street Foundation|
|Dumbreck Charity|Hereford Lions Club|Mr S Mapp|
|J.S.F Pollitzer Charitable Settlement Hereford Skittles League||Leominster Golf Club|
|Wiggin Community Fund|
Hospital Saturday Fund|Richmond Club Darts League|
|EF Bulmer Trust|Clive Richards Foundation|Rebecca White who ran the London Marathon|
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 date to be inserted and was signed on their behalf by:
## **Mrs L Shaw Chairperson on behalf of the Trustees**
Page 3
**Oxygen and Wellness Therapy Centre**
**(A Company limited by guarantee)**
## **INDEPENDENT EXAMINER’S REPORT For Year Ended 31 March 2024**
## **Independent examiner’s report to the Trustees of Oxygen & Wellness Therapy Centre**
I report on the financial statements of the company for the year ended 31 March 2025 which are set out on pages 5 to 13.
## **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.
## **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: date to be inserted
B. Hilliard FCA
Page 4
**Oxygen and Wellness Therapy Centre (A Company limited by guarantee)**
## **STATEMENT OF FINANCIAL ACTIVITIES FOR YEAR ENDED 31 MARCH 2025**
**(Including Income & Expenditure Account)**
|**Income & endowments from:**
Donations and grants
3
Charitable Activities
4
Other activities
5
Investment income
5
**Total Income**
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
**Expenditure on:**
**Notes**|**£**
**£**
**£**
**£**
11,349
32,500
43,849
22,127
33,819
-
33,819
24,894
4,100
-
4,100
6,763
421
80
501
264
**Unrestricted**
**Funds**
**Restricted Funds**
**Total Year**
**Ended 31.03.25**
**Total Year**
**Ended**
**31.03.24**|
|---|---|
||**49,689**
**32,580**
**82,269**
**54,048**|
||304 -
304
103
41,215
10,532
51,747
54,677
24,390
-
24,390
9,060|
||**65,909**
**10,532**
**76,441**
**63,840**|
||(16,220)
22,048
5,828
(9,792)
27,000
(27,000)
- -|
||10,780
(4,952)
5,828
(9,792)
146,672
8,785
155,457
165,249|
||**157,452**
**3,833**
**161,285**
**155,457**|
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 7 to 13 form part of these financial statements.
Page 5
**Oxygen and Wellness Therapy Centre**
**(A Company limited by guarantee)**
## **BALANCE SHEET AT 31 MARCH 25**
|**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 Funds**
**General Funds**
Contingency fund
General Fund
General Fund sub total
Designated Fixed Asset Fund
Unrestricted funds carried forward
15
Restricted funds carried forward
15|**£**
**£**
**£**
108,441
2,900
1,867
41,578
46,321
44,478
48,188
(2,898)
(1,172)
47,016
**161,285**
**155,457**
**£**
**£**
**£**
33,000
33,000
4,747
5,231
37,747
38,231
108,441
146,672
8,785
**155,457**
**31.03.25**
**31.03.24**
**£**
119,705
3,833
**161,285**
119,705
157,452
**£**
41,580|
|---|---|
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 2025 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 company regime within Part 15 of the Companies Act 2006.
The financial statements were approved by the Trustees on (date to be inserted) and signed on their behalf by:
## Mrs L Shaw — Chairperson:
The notes on pages 7 to 13 form part of these financial statements
Page 6
**Oxygen and Wellness Therapy Centre**
**(A Company limited by guarantee)**
## **1. Accounting Policies**
## 1.1 **Accounting convention**
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 2019) - (Charities SORP (FRS 102)), the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) and the Companies Act 2006.
The Oxygen and Wellness Therapy Centre 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 notes.
## 1.2 **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 Charity 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 recognised in full in the Statement of Financial Activities in the year in which the charity becomes entitled to the funds.
Incoming resources from the operation of the Centre are included when receivable.
## 1.3 **Expenditure**
Resources expended are recognised in the period in which they are incurred.
## 1.4 **Fixed Assets**
Tangible assets are stated at cost or valuation less accumulted depreciation and accumulated impairment losses.
Assets costing £2,000 or more are capitalised.
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%
## 1.5 **Charitable Funds**
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 calculated as target reserves representing eight months of year ended 2026 budget expenditure
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.
## 1.6 **Going concern**
The financial statements have been prepared on a 'going concern' basis as the Trustees believe the charity has sufficient liquid unrestricted funds to continue as a 'going concern' for the foreseeable future and twelve months from the authorisation of these financial statements.
Page 7
**Oxygen and Wellness Therapy Centre**
**(A Company limited by guarantee)**
## **2. Legal Status of the Charity**
The charity is a private company limited by guarantee incorported in England and Wales and has no share capital with an exemption from using limited in the company name since 13 June 2022. Memorandum and Articles of Association incorporated 9 September 1988 as amended by special resolution dated 11 March 1997 amended 1 April 2022 and 26 June 2024.
**3. Donations and Grants**
|**onations and Grants**||
|---|---|
|General donations
Memberships
Tea, coffee & book donations
EF Bulmer Trust
McKechnie
Eveson Trust
The Street Foundation
Hospital Saturday Fund
Clive Richards Foundation
Mr S Mapp
Hereford Skittle League
Leominster Golf Club
Richmond Club Darts League
Wiggin Community Fund
Herefordshire Community Grant
Albert Hunt
William Cadbury Trust
Rowlands Trust
Douglas Arter Foundation
The February Foundation
Hfd Amateur Pantomine Society
Hereford Lions Club
Gift Aid|**Unrestricted**
**Funds**
**Restricted**
**Funds**
**Total Year**
**Ended**
**31.03.25**
**Total Year**
**Ended**
**31.03.24**
**£**
**£**
**£**
**£**
2,151
-
2,151
967
1,502
-
1,502
1,220
686
-
686
0
-
- - 1,500
-
- - 500
-
5,000
5,000 -
2,500
-
2,500 -
-
5,500
5,500 -
-
20,200
20,200 -
2,400
-
2,400 -
-
1,800
1,800 -
600
-
600 -
910
-
910 -
-
-
- 464
-
-
- 6,176
-
-
- 3,000
-
-
- 500
-
-
- 3,000
-
-
- 500
-
-
- 3,000
-
-
- 300
-
-
- 1,000
600
-
600 -|
||11,349
32,500
43,849
22,127|
Page 8
**Oxygen and Wellness Therapy Centre (A Company limited by guarantee)**
## **4. Income earned from Charitable activities**
|Oxygen therapy donations
Alternative therapies income
Exercise Chairs income
Physiotherapist Chairs income
Medi Bike & Anti Gravity|**Unrestricted**
**Funds**
**Restricted**
**Funds**
**Total Year**
**Ended**
**31.03.25**
**Total Year**
**Ended**
**31.03.24**
**£**
**£**
**£**
**£**
23,226
-
23,226
16,634
7,109
-
7,109
5,743
2,104
-
2,104
2,147
1,265
-
1,265
370
115
115 -|
|---|---|
||**33,819**
**-**
**33,819**
**24,894**|
## **5. Income earned from Other activities**
|**Fundraising Activities**
59 Club Bonus Ball
Bec's Marathon
Coffee Morning
Autumn Raffle
Bingo Event
Santa Grotto Tickets
Christmas raffle ticket sales
Christmas Hamper raffle
Christmas Quiz
Other Christmas Activities
Valentine Raffle Tickets
Quiz Night
Sale of donated goods
Other Activities
Sale of Equipment
Volunteer Travel Income
Room Hire
**Investment Income**
Bank interest|**Unrestricted**
**Funds**
**Restricted**
**Funds**
**Total Year**
**Ended**
**31.03.25**
**Total Year**
**Ended**
**31.03.24**
£
£
£
£
1,761
-
1,761
1,858
-
-
-
2,484
-
-
-
422
-
-
-
443
449
-
449
255
-
-
-
16
51
-
51
28
117
-
117
-
314
-
314
-
29
-
29
-
-
-
-
30
-
-
-
360
66
-
66
36
388
-
388
-
-
-
-
85
280
-
280
240
645
-
645
506|
|---|---|
||**4,100**
**-**
**4,100**
**6,763**|
||**Unrestricted**
**Funds**
**Restricted**
**Funds**
**Total Year**
**Ended**
**31.03.25**
**Total Year**
**Ended**
**31.03.24**
**£**
**£**
**£**
**£**
**421**
**80**
**501**
**264**|
Page 3
**Oxygen and Wellness Therapy Centre (A Company limited by guarantee)**
## **6. Total Expenditure**
|**Fundraising Expenses**
Wages Administration
Wages Therapists
Employer pension contributions
Therapists - Reflexology
Exercise Class teacher
Physio
Oxygen
Therapy consumables
Equipment maintenance
Oxygen Therapy Equipment
Telephone and internet
Light and heat
Printing, stationery, postage
Premises maintenance
Ground rent
Water rates
Insurance
National Federation fees
Hyberbaric Oxygen Trust
Staff and volunteer training
Cleaning and hygiene
Canteen expenses
Travelling expenses
Payroll administration
General expenses
Company House
Website & Marketing
Water Cooler purchase
Bonus Ball prizes
Defibrillator
Depreciation:
Prefabricated Building
Equipment|**Total Year**
**Ended**
**Total Year**
**Ended**
**31.03.25**
**31.03.24**
**£**
**£**
**£**
**£**
304
304
103
304
**-**
304**103**
**Expenditure of**
**Management &**
**Administration**
**of the Charity**
**Total Year**
**Ended**
**31.03.25**
**Total Year**
**Ended**
**31.03.24**
**Unrestricted**
**Restricted**
**£**
**£**
**£**
**£**
**£**
- - 6,050 6,050 6,740
15,537 - - 15,537 23,168
- - 429 429 441
3,128 - - 3,128
-
930 270 - 1,200 1,230
500 480 - 980
-
2,646 5,500 - 8,146 5,535
739 - - 739 292
2,367
- - 2,367 815
2,587 3,601
- 6,188
-
- - 723 723 735
4,661 - - 4,661 942
- - 412 412 731
577 681 - 1,258 841
1,000 - - 1,000 1,000
458 - - 458 260
1,731 - - 1,731 1,375
480 - - 480 120
650 - - 650 300
- - - - 15
333 - - 333 140
309 - - 309 176
846 - - 846 728
- -
420 420
400
1,033 - - 1,033 282
- - 10 10 13
118 - - 118 95
218 - - 218 276
367 - - 367 362
- - - - 1,759
6,022 -
- 6,022 6,021
10,324 -
- 10,324 8,945
**Expenditure in**
**furtherance of the**
**Charity's objects**
**Unrestricted**
**Funds**
**Restricted**
**Funds**|**Total Year**
**Ended**
**Total Year**
**Ended**
**31.03.25**
**31.03.24**
**£**
**£**
**£**
**£**
304
304
103
**Unrestricted**
**Funds**
**Restricted**
**Funds**|
|---|---|---|
|||304
**-**
304**103**|
||**57,561**
**10,532**
**8,044**
**76,137**
**63,737**||
Page 3
**Oxygen and Wellness Therapy Centre (A Company limited by guarantee)**
## **7. Net Incoming Resources for the Period**
|**ing Resources for the Period**||||
|---|---|---|---|
||**Year Ended**|**31.03.25**|**Year Ended**|
||||**31.03.24**|
|This is stated after charging:|**£**||£|
|Depreciation||16,346|14,966|
**8. Trustees Remuneration and Transactions Involving Trustees**
The centre's Reflexologist decided it was time to retire and left her employment in May 2024. The Board had the difficult decision of how to replace the position, at an EGM held on 26th June 2024 it was agreed that the Chair of the Charity would provide this service one day a week on a selfemployed basis. In the year ended 31st March 2025 the chair of the charity has received £3,128 for her reflexology services. The Chair resigned on 11 June 2025 from her role as reflexologist. Other than disclosed, no other Trustee of the company, nor any other person connected with them, has received or is due to receive any remuneration for the period, directly or indirectly from the Charity's funds. No expenses have been reimbursed to any of the trustees in their role as Trustees.
## **8a. Staff Emoluments**
|**Staff Emoluments**||
|---|---|
|Gross Salaries
Employers National Insurance Contributions
Employers Pension Contributions|**Year Ended**
**31.03.24**
**£**
29,908
-
441
**Year Ended**
**31.03.25**
**£**
21,587
-
429|
||**30,349**
**22,016**|
## **9. Taxation**
The Charity is exempt from tax on income and gains falling within Section 505 of the taxes Act 1988 or section 252 of the taxation of Chargeable Gains Act 1992 to the extent that these are applied to its Charitable Objects.
## **10. Tangible Fixed Assets**
|Cost
As at 1st April 2024
Additions
Disposals
As at 31st March 2025
Depreciation
As at 1st April 2024
Charge for the year
Disposals
As at 31st March 2025
**Net Book Value**
**31st March 2025**
**Net Book Value**
**1st April 2024**|**Prefab**
**Building**
**Equipment**
**Furniture &**
**Fittings**
**Total**
**£**
**£**
**£**
**£**
120,433
25,112 44,163 11,047 200,755
-
- 27,610
- 27,610
-
- - - -
**£**
**Multi-Occupancy**
**Chamber**|
|---|---|
||120,433
25,112 71,773 11,047 228,365|
||47,338
25,112
15,804 4,060 92,314
6,021
- 8,470 1,855 16,346
-
- - - -|
||53,359
25,112 24,274 5,915 108,660|
||**67,074**
**- 47,499 5,132 119,705**|
||**73,095**
**-**
**28,359 6,987 108,441**|
Page 3
**Oxygen and Wellness Therapy Centre**
**(A Company limited by guarantee)**
## **11. Debtors**
|**Debtors**||
|---|---|
|Prepayments
Accrued income
**Cash at Bank and in Hand**
Current Account
Deposit Accounts
Cash in hand|**31.03.25**
**31.03.24**
**£**
**£**
2,502
1,867
398
-|
||**2,900**
**1,867**|
||**31.03.25**
**31.03.24**
**£**
**£**
7,734
5,370
33,714
40,823
130
128|
||**41,578**
**46,321**|
## **12. Cash at Bank and in Hand**
## **13. Creditors: Amounts due within one year**
|Pension
Accrued Expenses|**31.03.25**
**31.03.24**
**£**
**£**
90
285
2,808
887|
|---|---|
||**2,898**
**1,172**|
## **14. Analysis of Net Assets between Funds**
|Tangible Fixed Assets
Current Assets
Total Assets
Less Current Liabilities
**Net Assets at 31st March 2025**|**Unrestricted**
**Funds**
**Restricted**
**Funds**
**Total Funds**
**£**
**£**
**£**
119,705
-
119,705
40,645
3,833
44,478|
|---|---|
||160,350
3,833
164,183
(2,898)
-
(2,898)|
||**157,452**
**3,833**
**161,285**|
Page 3
**Oxygen and Wellness Therapy Centre**
**(A Company limited by guarantee)**
## **15. Movement in Funds**
|6. Wiggin Community Fund
7. EF Bulmer Trust
8. Rowlands Trust
9. Douglas Arter Benevolent Fund
10. Hereford Lions Club
11. Hereford Skittle League
12. Hospital Saturday Fund
13. Clive Richards Foundation
14. The Eveson Trust
**Total Restricted Funds**
5. J S F Pollitzer Charitable Settlement
4. Dumbreck Charity
3.William Cadbury Trust
1.Openbox Foundation
2.Openbox Foundation (IR)
**Restricted Funds**
**Unrestricted Funds:**
General Funds:
**Total Funds**
**Total Unrestricted Funds**
Contingency Fund|**At 1st April**
**2024**
**Incoming**
**Resources**
**Outgoing**
**Resources**
**Transfers**
**At 31st**
**March 2025**
**£**
£
£
£
£
1,143 80
(120)
-
1,103
832 -
(561)
-
271
500
(480)
-
20
96 -
-
-
96
980 -
-
-
980
464 -
(464)
-
-
270 -
(270)
-
-
3,000
-
(3,000)
-
-
500
-
(137)
-
363
1,000
-
-
-
1,000
- 1,800
-
(1,800)
-
- 5,500
(5,500)
-
-
- 20,200
-
(20,200)
-
- 5,000
-
(5,000)
-|
|---|---|
||**8,785**
**(10,532)**
**32,580**
**3,833**
**(27,000)**|
||113,672
49,689
(65,909)
27,000
124,452
33,000 -
- -
33,000|
||146,672
49,689
(65,909)
27,000
157,452|
|||
||**155,457**
**82,269**
**(76,441)**
**-**
**161,285**|
The Contingency Fund of £33,000 is to provide funding to meet salary commitments and other operational costs for a minimum of eight months representing target reserves.
## **16. Purposes of Restricted Funds**
- 1.Openbox Foundation
- 2.Openbox Foundation
3. William Cadbury Trust
4. Dumbreck Charity
- 5.JSF Pollitzer Charitable Settlement
6. Wiggin Community Fund
7. EF Bulmer Trust
8. Rowlands Trust
9. Douglas Arter Benevolent Fund
10. Hereford Lions Club
11. Hereford Skittle League
12. Hospital Saturday Fund
13. Clive Richards Foundation
14. The Eveson Trust
funding External refurbishment & exercise chairs funding Internal building refurbishment funding for Instructor for exercise therapy room funding for promotion/rebranding of the centre funding for Physiotherapy treatments funding for new masks & tubes funding for seated exercise classes funding for replacement values for the oxygen chamber funding for equipment for the exercise room
funding for a TV for the centre and replacement flooring in the toilet funding for an Anti Gravity Treadmill funding for oxygen costs funding for an Anti Gravity Treadmill funding for a medi bike
## **17. Contingent Liabilities**
There are no contingent liabilities at the accounting date.
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