Company registration number: 02294554 Charity registration number.. 800849 Huntingdon, Peterborough and Cambridge MS Therapy Centre Ltd (A company limited by guarantee) AEJnual Report and Financial Statements for the Year Ended 31 December 2023
Huntingdon, Peterborough and Cambridge MS Therapy Centre Ltd Contents Reference and Administrative Detsils Trustees, Report Statsment of Trustees, Responsibilities Independent Examiner's Report Stat¢ment of Financial Activities Balance Sheet Notes to the Financial Statements 7toll
Huntingdon, Peterborough and Cambridge MS Therapy Centre Ltd Reference and Administrative Details Charlty Registration Number 800849 Company Registration Number 02294554 The charity is incorporated in England and Wales. Bradbury House Mayfield Road Huntingdon Cambridgeshtre PE29 1 UL Reglstered Office Independent Examlner D A Green & Sons Chartered Certified Accountant 12 The Broadway St Ives Cambridgeshire PE27 5BN Page I
Huntingdon, Peterborough and Cambridge MS Therapy Centre Ltd Trustees, Report The tnLstees, who are dir¢¢tors for the purposes of company law, present the annual report together with th¢ financial statements of th¢ charitable company for th¢ year ¢nded 31 December 2023. Objectives and activities Objects and aims Th¢ main aims of the MS Therapy C¢ntre are to provide aid and improve the condition of those suffering from Mulitple Sclerorsis (MS) and other neurological conditions. The Charity has the general aim of improvong the quality of life of anyon¢ affected by MS or another neurolgical condition, this help extends to their families and carers Trustees and officers The tNstees and officers serving during the year and since the yeaT end were as follows: Trustees.. NJCBaker MT T J Barke Mr K P Lucas (Resigned 31 December 2023) l F Scott {appoint¢d 20 March 2023) Mrs S Hollis (appointed 20 March 2023) Mrs A J Dowsett (appointed 20 March 2023 and Resigned 12 June 2023) The annual report was approved by the tmstees of the charity on 15 Aprtl 2024 and signed on its behalf by.. MrT Trustee rke Page 2
Huntingdon, Peterborough and Cambridge MS Therapy Centre Ltd Statement of Trustees, Responsibilities The trustees (who aT¢ also the directors of HUntIngdo Peterborough and Cambridge MS Therapy Centre Ltd for the pUOSeS of company law) ar¢ responsible for pr¢paring the trnst¢es' report and the financial statements in accordance with applicable law and United Kingdom Accounting Standards (Unit¢d Kingdom Generally Accepted Accounting Practice), including FRS 102 "The Financial Reporting Stsndard applicable in the UK and Republic of Ireland" Company law requires the trustees to prepare financial statements for each financial year. Under company law the trust¢¢s must not approve the financial statements unless they are satisfied that they giv¢ a trne and fair view of the state of affairs of the charitable company and of the incoming rcsources and application of resources. incluthng its income and expenditure, of tb¢ charitable company for that P¢Tiod. In prepIng these financial statements, the trnstees are required to- select suitable accounting polici¢s and apply them collsistently. observe the methods and principl¢s in the Charities SORP,. make judgements and ¢stimates tbat are reasonable and pdent. state whether applicable accounting standards, comprising FRS 102 have been followed, subject to any material departtwes disclosed and explained in the financial statements. and prepare the financial statements on the going concern basis untess it is inappropriate to presume that the charitable company will continue in business. The trustees are responsible for keeping proper accounting records that can disclose with reasonable accuracy at any tin]e the financial position of the charitable company and enabl¢ them to ensure that the financial statements cornply with the Companies Act 2006. They are also responsible for safeguarding the assets of the charitable company and hence for taking r¢asonable steps for the prevention and detection of fraud and other irregularities. The trnst¢¢s are responsible for the maint¢nallce and integrity of the corporate and financial infOrntIon included on the charitable company's website. Legislation governing the preparation and dissemination of financial statements n]ay differ from legislation in other jurisdictions. Approved by the trustees of the ¢harity on 15 April 2024 and signed on Éts behalf by: arke Trustee Page 3
Huntingdon, Peterborough and Cambridge MS Therapy Centre Ltd 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 cxamination of the accounts of the Company for the year ended 31 D¢¢ernber 2023. Responsibilities and basis of report As the charity's trustees of the Company (and also its directors for the purposes of company law) you ar¢ responsible for the preparation of the accounts in accordance with the requirements of the Companies Act 2006 ('the 2006 A¢t'). Having satisfied myself that the accounts of the Company are not Tequired to be audit¢d 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 carying out my examination I have followed the Directions giv¢n by the Cbarity Commission under section 145(5)(b) of the 2011 Act. Independent exan)in¢r's statement I have completed my examination. I confinn that no matters have come to my attention in connection with the examination giving me cause to believe: accounting records weie not kept in respect of HUntIngdo Peterborough and Cambridge MS Theiapy C¢ntre Ltd as r¢quired 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 ind¢pendent 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 PTeparing tbeir accounts in &ccordan¢e with the Financial Reporting Standard applicable in the UK and Republic of IT¢land (FRS 102)]. I have no Collcerns and bave come across no other matters in connection with the examination to which attention hould be drawn in this report in order to enable a proper understanding of the accounts to be reached. Jason Green Chartered Certified Ac¢ountant FCCA 12 The Broadway St Ives Cambridgeshire PE27 5BN 15 April 2024 Page 4
Huntingdon, Peterborough and Cambridge MS Therapy Centre Ltd Statement of Financial Activities for the Year Ended 31 December 2023 Uncluding Income and Expenditure Account and Statement of Total Recognised Gains and Losses) Unrestrlcted funds Restrlcted funds Total 2023 Note Income Ydnd Endowments from: Donations and legacies Other trading activities Investment income 13.438 80,512 436 13,438 80,512 436 Total income 94.386 94.386 Expendlture on: Raising funds Charitable activities 40.148 57,214 23,587 63,735 57,214 Total expenditure 97,362 23,587 120,949 Net expenditure 2,976 23,587) 26,563) Net movement in funds (2,976) (23,587) (26,563) Reconclllatlon of funds Total funds brought forward Total ftds Carried forward 89,306 415,142 504,448 86,330 Unrestricted funds 391,555 Restricted funds 477,885 Total 2022 Note Income and Elldoivments from: Donations and lega¢ies Oth¢T trading activities Investment income 7,373 69,539 138 7,373 69,539 138 Total income 77,050 77,050 Expenditure on: Raising funds Charitable activiti¢s 34,441 55,992 23,587 58,028 55,992 Total expenditUT¢ 90,433 23.587 114.020 Net expenditure (13,383) 23,587) 36,970) N¢1 movement in ndS (13,383) (23,587) (36,970) Reeonciliation of funds Total funds brought forward 102,689 438,729 541,418 Total funds Carried forward The funds breakdown for 2022 is shown in note 9. 89.306 415.142 504.448 The notes on pages 7 to I I forn] an integral part of these financial ststements. Page 5
Huntingdon, Peterborough and Cambridge MS Therapy Centre Ltd (Registration number: 02294554) Balance Sheet as at 31 December 2023 2023 2022 Note Fixed asset5 Tangible assets 459,108 476,498 Current assets Debtors Cash at bank and in hand 1,115 33,958 3,652 36,202 35.073 39,854 Creditors: Amounts falllng due wlthin one year Net eurrent assets 16,296 11,904 18,777 27.950 Net assets 477,885 504,448 Funds of the charlty: Restrleted Income funds Restricted funds 391,555 415,142 Unrestrlcted income funds Unrestrictcd funds 86,330 89.306 Total funds 477.885 504,448 For the financial year ending 31 December 2023 the charity was entitled to exemption from audit under section 477 of the Companics Act 2006 r¢lating to small companics. Dir¢ctors' responsibilities.. The members have not required the charity to obtain an audit of its accounts for the year in question in accordance with section 476. and The dtrectors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting rccords and thc preparation of accounts. The financial statements on pages 5 to I I were approved by the trustees, and authorised for issue on 15 April 2024 and signed on thekr behalf by.. arke Trustee The notes on pages 7 to I I forn] an integral part of these financial stst¢ments. Page 6
Huntingdon, Peterborough and Cambridge MS Therapy Centre Ltd Notes to the Financial Statements for the Year Ended 31 December 2023 l Accountlng policles Summary of slgnificY4nt accounting policles and key aecountlng estimates The principal accounting policies applied in the preparation of th¢se ftnan¢ial statem¢nts are set out below. These policies hav¢ been consistently applied to all the years present¢d. unless otherwise stated. Statement of compliance The fmancial statements have been prepared in accordance with Accounting and Reporting by Charities: Ststement of Recommended Practice (applicable to charities prepaTing their accounts in accordance with the Financial Reporting Stdard applicable in the UK and Republic of Ireland {FRS 102)) {issued in October 2019) (Chariti¢s SORTr (FRS 102)), the Financial Reporting Standard applicable in th¢ UK and Republic of Ireland (FRS 102) the Companies Act 2006. Basls of preparAtlon Huntingdon, Peterborough and Cambridge MS Therapy Centre Ltd meets the definition of a public benefit entlty under FRS 102. Assets and liabilities are initially recognised at historical cost or transaction value unless otbeThvise stated in the relevant 84ccounting policy notes. Going concern The trustees consider that there are no material uncertainties about the charitys ability to continue as a going concern nor any SIlficant areas of uncertainty that 84ffect the earrying valu¢ of assets hcld by the charity. Income and endowments All incorne is recognised once the charity has entitlement to the income, it 1$ probable that the income will be received and the amount of the income receivable can be m¢asured reliably. Expendlture All expenditure is recognised once there is a legal or constructive obligation lo that expenditure, it is probable settlement is required and the amount can be measured reliably. All costs are allocated to the applicable expenditure heading that aggregate similar costs to that category. Where costs cannot be direetly attributed lo particular headings thcy have been allocated on a basis consistent with the use of resources. with central staff Costs allocated on the basis of time spent, and depreciation charges allocated on the portion of the asset's use. Other support costs are allocated based on the spread of staff costs. Governanee costs These include th¢ costs attributable to the charity's compliance with constitutional and stattjtory requiremenls, including audit, strategic management and trnstees meetings and reimbursed expenses. Taxation The charity 15 exempt from corporation tax on its charitable activities Depreeiation and amortisfdtion Depreciation is provided on tangible fixed assets so as to write off the cost or valuation, less any estimated residual value, over their expected usefvl economic life as follows.. Page 7
Huntingdon, Peterborough and Cambridge MS Therapy Centre Ltd Notes to the Financial Statements for the Year Ended 31 December 2023 Asset Class Short leasehold Plant and Enacbinery Depreciation method and rate Over the remaining lease terni Straight line over 15 years Cash and cash equfivalents Cash and cash equivalents comprise cash on hand and call deposits, and other short-terni highly liquid inYestm¢nts that are r¢athly convertible to a known amount of cash and are subject to an insignificant risk of change in value. Fund structure Unrestricted income fimds ar¢ general ndS that are availabl¢ for use at th¢ ttustees discretion in furtherance of the objectives of the charity. Restricted income funds are those donated for use in a particular area or for specific purposes, the use of which is restricted to that area or purpose. Pensions and other post retirement obligations The charity operates a defined contribution pension scheme which is a pension plan under whTch fixed contributions are paid into a pension fund and the charity bas no legal or constructive obligation to pay fither contributions even if the does not hold sufficient assets to pay all employe¢s tbe benefits relatmg to employee service in tbe current and prior periods. Contributions to defined contribution plans are recognised in the Ststement of Financial Activities when they are due. If contribution payments exceed the contribution due for service, the excess is recognised as a prepayment. 2 Net incomingloutgoing resources Net outgoing resources for the year include.. 2023 2022 Depreciation of fixed assets 28,819 28,043 3 Trustees remuneration and expenses No trustees. nor any persons connected with them, have received any remuneration from the cllarity during the year. Page 8
Huntingdon, Peterborough and Cambridge MS Therapy Centre Ltd Notes to the Financial Statements for the Year Ended 31 December 2023 4 Staff costs The monthly average number of persons (including senior management I leadership team) employed by the oharity during the year expressed as 11 time equivalents was as follows.. 2023 2022 Administration Contributions to th¢ cmployee pension schemes for th¢ year totalled £959 (2022 - £1.860). No employee received emoLuments of more than £60,000 during th¢ year. Pag¢ 9
Huntingdon, Peterborough and Cambridge MS Therapy Centre Ltd Notes to the Financial Statements for the Year Ended 31 December 2023 5 Tangibje red assets Land and buildings Furniture and equipment Total Cost At l January 2023 Additions 926,980 108,513 11,429 1,035,493 11,429 At 31 December 2023 926.980 119,942 1,046,922 Depreciation At l January 2023 Charge for th¢ year At 31 December 2023 479,315 23,587 79,680 5,232 558,995 28,819 502,902 84.912 587,814 Net book value At 31 December 2023 424.078 35.030 459,108 At 31 Dec¢mber 2022 447,665 28,833 476,498 6 Debtors 2023 2022 Trade debtors Prepayments Oth¢r debtors 1,057 58 1,981 1,671 I,l15 3,652 7 Cash and cash equivalents 2023 2022 Cash on ]thnd Cash at bank 252 33.706 337 35,865 33,958 36,202 Page 10
Huntingdon, Peterborough and Cambridge MS Therapy Centre Ltd Notes to the Financial Statements for the Year Ended 31 December 2023 8 Creditors: amounts falling due within one yeAr 2023 2022 Trade creditors OtheT taxation and social security Other cr¢ditors Accruals 2.492 585 11,404 1,815 377 10.327 1.200 16.296 11,904 9 Funds Balance at 31 December 2023 Balance at I January 2023 Incoming resources Resources expended Unrestrleted funds General 89,306 94,386 (97,362) 23,587 86,330 Restrl¢ted funds 415,142 391,555 Totil fund$ 504,448 94,386 120,949) 477,885 Balance at 31 December 2022 Balance at I January 2022 Incoming resour¢es Resourees expended Unrestrleted funds General 102,689 77,050 (90,433) 89,306 Restrlcted funds 438,729 23,587 415.142 Total funds 541,418 77,050 114,020) 504,448 10 Related party transactlon$ Page 11
Huntingdon, Peterborough and Cambridge MS Therapy Centre Ltd Statement of Financial Activities by fund for the Year Ended 31 December 2023 Unrestricted Funds Total Total Unrestricted Unrestricted Funds Funds 2023 2022 Income and Endowments from: Donations and legacies Other trading activities Investment income 13.438 80,512 436 7,373 69,539 138 Total income 94,386 77,050 Expendlture on: Raising llds Charitable activities 40,148 57,214 34,441 55.992 Total expenditure 97,362 90,433 Net expenditure 13,383) Net movement in ndS (2,976) (13,383) Reeonclllation of funds Total funds brought forward 89,306 102,689 Total ndS carried forward 86,330 89,306 This pa8e does not form part of the StatOry fmancial statements. Page 12
Huntingdon, Peterborough and Cambridge MS Therapy Centre Ltd Statement of Financial Activities by fund for the Year Ended 31 December 2023 Restricted Funds Total RestrRCted Funds 2023 Total Restrlcted Funds 2022 Income and Endowments from: Expenditure on: Raising funds 23,587 23,587 Total ¢xpendiNre Net expendlture ReconcAliallon of funds Total funds brought forward Total funds carried fonvard 23,587 23,587 (23,587) (23,587) 415,142 438,729 391,555 415,142 This page does not fom part of the statutory fmancial ststements. Page 13
Huntingdon, Peterborough and Cambridge MS Therapy Centre Ltd Detailed Statement of Financial Activities for the Year Ended 31 December 2023 Total 2023 Total 2022 Income and Endoivments from: Donations and legacies (analysed below) Other trading activities (analysed below) Investment incorne (analysed below) 13.438 80.512 436 7.373 69.539 138 Total incom¢ 94,386 77,050 Expenditure on: Raising funds (anaEysed below) Charitable activities (analysed below) 63,735 57,214 58,028 55,992 Total expendkture 120,949 114,020 Net expendittjre (26.563) 36,970) Net movement in fimds (26.563) (36.970) Reeoneiliation of funds Total Lknids brought forward 504,448 541.418 Total funds carri¢d fonvard 477,885 504,448 This page does not forni part of the statutory financial staternents. Page 14
Huntingdon, Peterborough and Cambridge MS Therapy Centre Ltd Detailed Statement of Financial Activities for the Year Ended 31 December 2023 Total 2023 Total 2022 Donations and legacies Donations and gifts M¢mber subscriptions 11,748 1,690 6,512 861 13,438 7,373 Other trading activili Rental income Other income 68,922 11,590 66.266 3,273 80,512 69,539 Investment income Interest on casb deposits 436 138 436 138 Raisingfunds Rent Rat¢s Wat¢r rates Light, heat and power Insurance Centre costs Equipment repairs and renewals Telephone and fax Computer software and maintenanc¢ costs Sundry expenses Accountancy fees Legal and professional fees Bad debts wrttten off Bank charges Trade subscriptions Depreciation of short leasehold ptoperty Depreciation of plant and machinery Depreciation of fixtur¢s and fittings Depreciation of office equipment 1.250 3,203 498 12,136 3,848 520 8,962 901 1,039 202 1,200 5.348 692 7,605 3,635 4.017 3,040 1,694 246 672 1,400 950 428 120 138 23,587 1.320 2.703 433 578 406 173 23,587 1.920 2.837 475 63,735 58,028 This page does not fonn 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 2023 Total 2023 Total 2022 Chantable activities Oxygen Other direct costs Wages and salaTies Stsff NIC (Employers) Repair5 and renewals Cl¢aning Travel and subsistence {Profit)Iloss on sale of tangible fixed assets held for charits4s own use Staff pensions (Defined contribution) - pension scheme I 12.800 538 42,232 (2,292) 2,124 853 12.286 39.138 1,325 1.231 42 iio 1.860 959 57,214 55,992 This page does not forni part of th¢ statutory fmancial statements. Page 16