**REGISTERED COMPANY NUMBER: 02294554 (England and Wales) REGISTERED CHARITY NUMBER: 800849** Report of the Trustees and Unaudited Financial Statements for the Year Ended 31 December 2020 for Huntingdon, Peterborough and Cambridge Ms Therapy Centre Ltd Mason & Co. 6 The Old Quarry Nene Valley Business Park Oundle Peterborough PE8 4HN Huntingdon, Peterborough and Cambridge Ms Therapy Centre Ltd Contents of the Financial Statements for the Year Ended 31 December 2020 |||Page|| |---|---|---|---| |Report of the Trustees|1|to|3| |Independent Examiner's Report||4|| |Statement of Financial Activities||5|| |Balance Sheet|6|to|7| |Notes to the Financial Statements|8|to|14| |Detailed Statement of Financial Activities|15|to|16| Huntingdon, Peterborough and Cambridge Ms Therapy Centre Ltd (Registered number: 02294554) for the Year Ended 31 December 2020 ## Report of the Trustees The trustees who are also directors of the charity for the purposes of the Companies Act 2006, present their report with the financial statements of the charity for the year ended 31 December 2020. The trustees have adopted the provisions of Accounting and Reporting by Charities: Statement of Recommended Practice applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) (effective 1 January 2019). ## **OBJECTIVES AND ACTIVITIES** ## **Objectives and aims** The main aims of the MS Therapy Centre, as summarised from the Articles of Association are: - to provide aid and improve the condition of those suffering from Multiple Sclerosis (MS) by: i. bringing together those suffering from MS and those interested in MS ii. providing advice, guidance and support iii. Providing therapy, including hyperbaric oxygen therapy, for persons suffering from MS or other symptoms or conditions. The charity has the general aim of improving the quality of life of anyone affected by MS or another neurological condition, this help extends to their families and carers. ## **ACHIEVEMENT AND PERFORMANCE** ## **Charitable activities** This year sadly, with the pandemic there has been very little activity at the Centre since March 2020 when we had to lockdown. We were able to open our doors for HDOT for a short period but on a purely volunteer level. We had to furlough our staff, Fiona and Karen for the full year and sadly we had to make Helen redundant, as there was no option to open up the Kitchen and catering side of the Centre. I should also like to say a big thank you to all our Volunteers who continued to help and keep the place running during this very tough time. I would also like to thank my fellow Trustees on the Management Committee for their help, support and guidance during the past year, we don't always agree but listen to each other before making decisions that sometimes not every-one agrees with but this is part of the democratic principles we abide by. We would like more Committee members so please think seriously about joining the Committee and let any one of the Committee know if you are interested. ## **Fundraising activities** Once again, this year has been hampered significantly by the pandemic but we are optimistic that once we are up and running at full capacity we can bring in more activities to raise and replenish our much needed funds. ## **FUTURE PLANS** We are in desperate need of more Trustees, as we have had the resignation of both our Chair, Pauline Holmes and her daughter Joanne. We are currently just Quorate but we do need additional help. We also said goodbye to our Centre Manager Fiona, since we reopened and we have now successfully recruited Carrie and Belinda to assist Karen in the day-to-day running of the Centre. We came very close to making the tough decision during the pandemic of whether the Centre should remain open and whether we could sustain the costs without help. We decided to give the Members the chance to regroup once we could reopen, and as I write this, we are noticing more and more people using the Centre. We have included more activities for Members, however this is your Centre and as Trustees and staff we can only continue to grow with your help. ## **STRUCTURE, GOVERNANCE AND MANAGEMENT** ## **Governing document** The charity is controlled by its governing document, a deed of trust, and constitutes a limited company, limited by guarantee, as defined by the Companies Act 2006. Page 1 Huntingdon, Peterborough and Cambridge Ms Therapy Centre Ltd (Registered number: 02294554) Report of the Trustees for the Year Ended 31 December 2020 ## **STRUCTURE, GOVERNANCE AND MANAGEMENT** ## **Recruitment and appointment of new trustees** As set out in the Articles of Association, the chair of the trustees of the MS Therapy Centre is nominated by its members at the Annual General Meeting. The maximum number of Trustees permitted by the Articles of Association is 10 and the minimum for a quorum is 3 trustees.The Chair of Trustees and other Trustees have the power to co-opt members onto the Board of Trustees. ## **Organisational structure** The MS Therapy Centre has a board of Trustees to administer the charity, which meet bi-monthly on the third Monday of the month to discuss and agree strategy and operational issues. There is a set agenda but any other items which need to be discussed are given to the Centre Manager in advance of the meeting. To ensure effective operations at the MS Therapy Centre, the Centre Manager has delegated authority within terms of reference approved by the trustees, for operational matters including finance, employment and health and safety issues. ## **Induction and training of new trustees** New Trustees undergo a familiarisation day to brief them on their legal obligations under charity and company law. The contents of the Memorandum and Articles of Association the committee and decision making process, a copy of the business plan, the outcome of the strategy workshop and recent financial performance of the charity are given to new trustees. All Trustees are given a copy of a summarised version of the Good Governance Guide. During the induction they meet all employees and other trustees and members. Trustees are encouraged to attend appropriate external events where these will facilitate in developing their role as a Trustee. ## **Wider network** The MS Therapy Centre has effective relations with the MS National Therapy Centres, the MS Society including their local branches, MS Trust, MS Resource Centre and the local Primary Care Trusts (MS Nurses). ## **REFERENCE AND ADMINISTRATIVE DETAILS Registered Company number** 02294554 (England and Wales) ## **Registered Charity number** 800849 ## **Registered office** Bradbury House Mayfield Road Huntingdon Cambridgeshire PE29 1UL ## **Trustees** M Fox Mrs P Holmes (resigned 8.7.21) Mrs M Hazell N J C Baker Mrs J Holmes (resigned 8.7.21) Page 2 Huntingdon, Peterborough and Cambridge Ms Therapy Centre Ltd (Registered number: 02294554) ## Report of the Trustees for the Year Ended 31 December 2020 ## **REFERENCE AND ADMINISTRATIVE DETAILS** **Independent Examiner** Mason & Co. 6 The Old Quarry Nene Valley Business Park Oundle Peterborough PE8 4HN Approved by order of the board of trustees on ............................................. and signed on its behalf by: ........................................................................ M Fox - Trustee Page 3 Independent Examiner's Report to the Trustees of Huntingdon, Peterborough and Cambridge Ms Therapy Centre Ltd (Registered number: 02294554) ## **Independent examiner's report to the trustees of Huntingdon, Peterborough and Cambridge Ms Therapy Centre Ltd ('the Company')** I report to the charity trustees on my examination of the accounts of the Company for the year ended 31 December 2020. ## **Responsibilities and basis of report** As the charity's trustees of the Company (and also its directors for the purposes of company law) you are responsible for the preparation of the accounts in accordance with the requirements of the Companies Act 2006 ('the 2006 Act'). Having satisfied myself that the accounts of the Company are not required to be audited under Part 16 of the 2006 Act and are eligible for independent examination, I report in respect of my examination of your charity's accounts as carried out under section 145 of the Charities Act 2011 ('the 2011 Act'). In carrying out my examination I have followed the Directions given by the Charity Commission under section 145(5) (b) of the 2011 Act. ## **Independent examiner's statement** I have completed my examination. I confirm that no matters have come to my attention in connection with the examination giving me cause to believe: 1. accounting records were not kept in respect of the Company as required by section 386 of the 2006 Act; or 2. the accounts do not accord with those records; or 3. the accounts do not comply with the accounting requirements of section 396 of the 2006 Act other than any requirement that the accounts give a true and fair view which is not a matter considered as part of an independent examination; or 4. the accounts have not been prepared in accordance with the methods and principles of the Statement of Recommended Practice for accounting and reporting by charities (applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102)). I have no concerns and have come across no other matters in connection with the examination to which attention should be drawn in this report in order to enable a proper understanding of the accounts to be reached. Mason and Co. Chartered Certified Accountants Mason & Co. 6 The Old Quarry Nene Valley Business Park Oundle Peterborough PE8 4HN Date: ............................................. Page 4 Huntingdon, Peterborough and Cambridge Ms Therapy Centre Ltd ## Statement of Financial Activities ## for the Year Ended 31 December 2020 |Unrestricted
fund
Notes
£
**INCOME AND ENDOWMENTS FROM**
Donations and legacies
29,352
**Charitable activities**
HDC Grant
26,390
Other trading activities
2
6,041
Investment income
3
66
**Total**
61,849
**EXPENDITURE ON**
Raising funds
4
31,796
**Charitable activities**
Therapies
45,186
**Total**
76,982
**NET INCOME/(EXPENDITURE)**
(15,133)
**RECONCILIATION OF FUNDS**
**Total funds brought forward**
156,434
**TOTAL FUNDS CARRIED FORWARD**
141,301|Restricted
fund
£
-
-
-
-
-
23,534
-
23,534
(23,534)
485,797
462,263|31.12.20
31.12.19
Total
Total
funds
funds
£
£
29,352
58,815
26,390
-
6,041
23,509
66
134
61,849
82,458
55,330
29,220
45,186
92,427
100,516
121,647
(38,667)
(39,189)
642,231
681,420
603,564
642,231| |---|---|---| The notes form part of these financial statements Page 5 ## Huntingdon, Peterborough and Cambridge Ms Therapy Centre Ltd (Registered number: 02294554) ## Balance Sheet ## 31 December 2020 |Notes
**FIXED ASSETS**
Tangible assets
9
**CURRENT ASSETS**
Debtors
10
Cash at bank and in hand
**CREDITORS**
Amounts falling due within one year
11
**NET CURRENT ASSETS**
**TOTAL ASSETS LESS CURRENT**
**LIABILITIES**
**NET ASSETS**
**FUNDS**
12
Unrestricted funds
Restricted funds
**TOTAL FUNDS**|Unrestricted
fund
£
61,678
6,843
78,516
85,359
(5,736)
79,623
141,301
141,301|Restricted
fund
£
462,263
-
-
-
-
-
462,263
462,263|31.12.20
Total
funds
£
523,941
6,843
78,516
85,359
(5,736)
79,623
603,564
603,564
141,301
462,263
603,564|31.12.19
Total
funds
£
551,324
5,960
90,367
96,327
(5,420)
90,907
642,231
642,231
156,434
485,797
642,231| |---|---|---|---|---| The charitable company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 December 2020. The members have not required the company to obtain an audit of its financial statements for the year ended 31 December 2020 in accordance with Section 476 of the Companies Act 2006. ## The trustees acknowledge their responsibilities for - (a) ensuring that the charitable company keeps accounting records that comply with Sections 386 and 387 of the Companies Act 2006 and - (b) preparing financial statements which give a true and fair view of the state of affairs of the charitable company as at the end of each financial year and of its surplus or deficit for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the charitable company. The notes form part of these financial statements Page 6 continued... Huntingdon, Peterborough and Cambridge Ms Therapy Centre Ltd (Registered number: 02294554) ## Balance Sheet - continued ## 31 December 2020 These financial statements have been prepared in accordance with the provisions applicable to charitable companies subject to the small companies regime. The financial statements were approved by the Board of Trustees and authorised for issue on ............................................. and were signed on its behalf by: ............................................. M Hazell - Trustee ............................................. M Fox - Trustee The notes form part of these financial statements Page 7 Huntingdon, Peterborough and Cambridge Ms Therapy Centre Ltd Notes to the Financial Statements for the Year Ended 31 December 2020 ## **1. ACCOUNTING POLICIES** ## **Basis of preparing the financial statements** The financial statements of the charitable company, which is a public benefit entity under FRS 102, have been prepared in accordance with the Charities SORP (FRS 102) 'Accounting and Reporting by Charities: Statement of Recommended Practice applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) (effective 1 January 2019)', Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland' and the Companies Act 2006. The financial statements have been prepared under the historical cost convention. ## **Income** All income is recognised in the Statement of Financial Activities once the charity has entitlement to the funds, it is probable that the income will be received and the amount can be measured reliably. ## **Expenditure** Liabilities are recognised as expenditure as soon as there is a legal or constructive obligation committing the charity to that expenditure, it is probable that a transfer of economic benefits will be required in settlement and the amount of the obligation can be measured reliably. Expenditure is accounted for on an accruals basis and has been classified under headings that aggregate all cost related to the category. Where costs cannot be directly attributed to particular headings they have been allocated to activities on a basis consistent with the use of resources. ## **Tangible fixed assets** Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life. Short leasehold - Over the remaining lease term Plant and machinery - Straight line over 15 years ## **Taxation** The charity is exempt from corporation tax on its charitable activities. ## **Fund accounting** Unrestricted funds can be used in accordance with the charitable objectives at the discretion of the trustees. Restricted funds can only be used for particular restricted purposes within the objects of the charity. Restrictions arise when specified by the donor or when funds are raised for particular restricted purposes. Further explanation of the nature and purpose of each fund is included in the notes to the financial statements. ## **Hire purchase and leasing commitments** Rentals paid under operating leases are charged to the Statement of Financial Activities on a straight line basis over the period of the lease. continued... Page 8 Huntingdon, Peterborough and Cambridge Ms Therapy Centre Ltd Notes to the Financial Statements - continued for the Year Ended 31 December 2020 ## **2. OTHER TRADING ACTIVITIES** |**2.**|**OTHER TRADING ACTIVITIES**||| |---|---|---|---| |||31.12.20|31.12.19| |||£|£| ||Rental|3,402|16,442| ||Miscellaneous|2,639|7,067| |||6,041|23,509| |**3.**|**INVESTMENT INCOME**||| |||31.12.20|31.12.19| |||£|£| ||Deposit account interest|66|134| |**4.**|**RAISING FUNDS**||| ||**Raising donations and legacies**||| |||31.12.20|31.12.19| |||£|£| ||Support costs|55,330|-| |**5.**|**NET INCOME/(EXPENDITURE)**||| ||Net income/(expenditure) is stated after charging/(crediting):||| |||31.12.20|31.12.19| |||£|£| ||Depreciation - owned assets|27,383|27,383| ||Rent|2,225|927| ## **6. TRUSTEES' REMUNERATION AND BENEFITS** There were no trustees' remuneration or other benefits for the year ended 31 December 2020 nor for the year ended 31 December 2019. ## **Trustees' expenses** There were no trustees' expenses paid for the year ended 31 December 2020 nor for the year ended 31 December 2019. continued... Page 9 Huntingdon, Peterborough and Cambridge Ms Therapy Centre Ltd Notes to the Financial Statements - continued for the Year Ended 31 December 2020 ## **7. STAFF COSTS** The average monthly number of employees during the year was as follows: ||||31.12.20||31.12.19| |---|---|---|---|---|---| ||Administration||3||3| ||No employees received emoluments in excess of £60,000.||||| |**8.**|**COMPARATIVES FOR THE STATEMENT OF FINANCIAL**|**ACTIVITIES**|||| |||Unrestricted|Restricted||Total| |||fund|fund||funds| |||£|£||£| ||**INCOME AND ENDOWMENTS FROM**||||| ||Donations and legacies|58,815||-|58,815| ||Other trading activities|23,509||-|23,509| ||Investment income|134||-|134| ||**Total**|82,458||-|82,458| ||**EXPENDITURE ON**||||| ||Raising funds|5,686|23,534||29,220| ||**Charitable activities**||||| ||Therapies|92,427||-|92,427| ||**Total**|98,113|23,534||121,647| ||**NET INCOME/(EXPENDITURE)**|(15,655)|(23,534)||(39,189)| ||**RECONCILIATION OF FUNDS**||||| ||**Total funds brought forward**|172,089|509,331||681,420| ||**TOTAL FUNDS CARRIED FORWARD**|156,434|485,797||642,231| continued... Page 10 Huntingdon, Peterborough and Cambridge Ms Therapy Centre Ltd Notes to the Financial Statements - continued for the Year Ended 31 December 2020 ## **9. TANGIBLE FIXED ASSETS** |**COST**
At 1 January 2020 and 31 December 2020
**DEPRECIATION**
At 1 January 2020
Charge for year
At 31 December 2020
**NET BOOK VALUE**
At 31 December 2020
At 31 December 2019
**COST**
At 1 January 2020 and 31 December 2020
**DEPRECIATION**
At 1 January 2020
Charge for year
At 31 December 2020
**NET BOOK VALUE**
At 31 December 2020
At 31 December 2019
**10.**
**DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR**
Trade debtors
Prepayments|Improvements
Short
to
Plant and
leasehold
property
machinery
£
£
£
888,596
38,384
63,639
399,870
8,684
49,846
22,215
1,372
1,319
422,085
10,056
51,165
466,511
28,328
12,474
488,726
29,700
13,793
Fixtures
and
Computer
fittings
equipment
Totals
£
£
£
32,453
4,658
1,027,730
16,035
1,971
476,406
2,166
311
27,383
18,201
2,282
503,789
14,252
2,376
523,941
16,418
2,687
551,324
31.12.20
31.12.19
£
£
6,743
5,860
100
100
6,843
5,960| |---|---| continued... Page 11 Huntingdon, Peterborough and Cambridge Ms Therapy Centre Ltd Notes to the Financial Statements - continued for the Year Ended 31 December 2020 ## **11. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR** |Trade creditors
Social security and other taxes
Other creditors
**12.**
**MOVEMENT IN FUNDS**
**Unrestricted funds**
General fund
**Restricted funds**
Building fund
**TOTAL FUNDS**
Net movement in funds, included in the above are as follows:
**Unrestricted funds**
General fund
**Restricted funds**
Building fund
**TOTAL FUNDS**|At 1.1.20
£
156,434
485,797
642,231
Incoming
resources
£
61,849
-
61,849|31.12.20
31.12.19
£
£
5,762
5,093
108
452
(134)
(125)
5,736
5,420
Net
movement
At
in funds
31.12.20
£
£
(15,133)
141,301
(23,534)
462,263
(38,667)
603,564
Resources
Movement
expended
in funds
£
£
(76,982)
(15,133)
(23,534)
(23,534)
(100,516)
(38,667)| |---|---|---| continued... Page 12 Huntingdon, Peterborough and Cambridge Ms Therapy Centre Ltd Notes to the Financial Statements - continued for the Year Ended 31 December 2020 ## **12. MOVEMENT IN FUNDS - continued** **Comparatives for movement in funds** |At 1.1.19
£
**Unrestricted funds**
General fund
172,089
**Restricted funds**
Building fund
509,331
**TOTAL FUNDS**
681,420
Comparative net movement in funds, included in the above are as follows:
Incoming
resources
£
**Unrestricted funds**
General fund
82,458
**Restricted funds**
Building fund
-
**TOTAL FUNDS**
82,458|Net
movement
At
in funds
31.12.19
£
£
(15,655)
156,434
(23,534)
485,797
(39,189)
642,231
Resources
Movement
expended
in funds
£
£
(98,113)
(15,655)
(23,534)
(23,534)
(121,647)
(39,189)|At
31.12.19
£
156,434
485,797| |---|---|---| |||642,231| |||(39,189)| A current year 12 months and prior year 12 months combined position is as follows: |**Unrestricted funds**
General fund
**Restricted funds**
Building fund
**TOTAL FUNDS**|At 1.1.19
£
172,089
509,331
681,420|Net
movement
in funds
£
(30,788)
(47,068)
(77,856)|At
31.12.20
£
141,301
462,263| |---|---|---|---| ||||603,564| continued... Page 13 Huntingdon, Peterborough and Cambridge Ms Therapy Centre Ltd Notes to the Financial Statements - continued for the Year Ended 31 December 2020 ## **12. MOVEMENT IN FUNDS - continued** A current year 12 months and prior year 12 months combined net movement in funds, included in the above are as follows: |**Unrestricted funds**
General fund
**Restricted funds**
Building fund
**TOTAL FUNDS**|Incoming
resources
£
144,307
-
144,307|Resources
Movement
expended
in funds
£
£
(175,095)
(30,788)
(47,068)
(47,068)
(222,163)
(77,856)| |---|---|---| ## **13. RELATED PARTY DISCLOSURES** There were no related party transactions for the year ended 31 December 2020. Page 14 Huntingdon, Peterborough and Cambridge Ms Therapy Centre Ltd ## Detailed Statement of Financial Activities for the Year Ended 31 December 2020 ||31.12.20|31.12.19| |---|---|---| ||£|£| |**INCOME AND ENDOWMENTS**||| |**Donations and legacies**||| |Donations and gifts|19,699|28,745| |Treatment donations|8,943|26,746| |Membership subscriptions|710|3,324| ||29,352|58,815| |**Other trading activities**||| |Rental|3,402|16,442| |Miscellaneous|2,639|7,067| ||6,041|23,509| |**Investment income**||| |Deposit account interest|66|134| |**Charitable activities**||| |Grants|26,390|-| |**Total incoming resources**|61,849|82,458| |**EXPENDITURE**||| |**Charitable activities**||| |Wages|35,640|33,404| |Therapies|2,573|11,461| |Oxygen|6,368|8,150| |Food purchased|397|2,622| |Other Expenses|208|2,258| ||45,186|57,895| |**Support costs**||| |**Management**||| |Rent|2,225|927| |Rates and water|4,084|4,210| |Insurance|2,933|3,028| |Light and heat|4,450|6,395| |Telephone|1,372|1,657| |Postage and stationery|252|727| |Advertising|-|1,440| |Centre costs|3,557|10,065| |Sundries|2|160| |Carried forward|18,875|28,609| This page does not form part of the statutory financial statements Page 15 Huntingdon, Peterborough and Cambridge Ms Therapy Centre Ltd ## Detailed Statement of Financial Activities ## for the Year Ended 31 December 2020 ||31.12.20|31.12.19| |---|---|---| ||£|£| |**Management**||| |Brought forward|18,875|28,609| |Administration|163|708| |Equipment & maintenance|4,826|3,142| |Travelling|-|346| |Information technology|1,473|852| |Professional fee|1,015|1,104| ||26,352|34,761| |**Finance**||| |Bank charges|60|60| |Legal Fees|35|48| ||95|108| |**Other**||| |Freehold property|22,215|22,215| |Improvements to property|1,372|1,372| |Plant and machinery|1,319|1,319| |Fixtures and fittings|2,166|2,166| |Computer equipment|311|311| ||27,383|27,383| |**Governance costs**||| |Accountancy fees|1,500|1,500| |Total resources expended|100,516|121,647| |**Net expenditure**|(38,667)|(39,189)| This page does not form part of the statutory financial statements Page 16