The MS Therapy Centre (Oxford) Limited Trustees. Annual Report and Financial Statements Year ended 31 December 2020 Registered Charity no: 900278 Company no: 2318549 The MS Thera Centre Oxford Limited Re ort and Financial statomonts for tho ear ended 31 Docomber 2020 Index.. Page Company information Trustees. annual report Independent Examinerfs report Statement of financial activities Balan￿ sheet Notes to the financial statements 8- 11 Th MS Thera Centre Com an infomiation Oxford Llmlted Page I Trusteès K Beswick {Chaiman ￿signed 15 April 20201 A Gower (appointed Chaimian 15 April 20201 D Webb (Treasurer) M Hemingway (appointed Secretary 27 May 20201 T Ball A Davies JDay G Fewings G McLaughlin T SaundeTS B Slalor l Deceased 6 January 2020) M Walker Sue Doran- Centre Manager Company roglstration number= 2318549 Rggistsrgd Offi¢9 37E Innovalign Drive Milton PaTk Abingdon Oxfordshire OX14 4RT Registered charity number- 900278 The MS Thera Centre Oxford Limited The re ort of the Trustees, for the ear ended 31 December 2020 Page 2 The Trustees present their annual report and accounts for the year ended 31 December 2020 The lull namè of th8 charity is The MS Therapy Centre Ioxtordl Limited. The legal registration details are: Date of incorporation.. 17 November 1988 Cornpany Registration Number." 2318549 The Registeted Office." 37E Innovation OTive, Mikon Park, Abingdon, Oxfordshire, OX14 4RT Structure, Govemance and M•nag¢m¢nt Govemlng document The Charity is controlled by its goveming document, a Deed of Trust, and constitutes a Limited Cornpany, Lirniled by Guarantee. Re¢nJitment and appointmènt of nèw TrugtèÈs Trustees are appointed by the members at the Annual General Meeting. The Centre Manager updates inforrnation with the Charity Commission. Related Parties The MS Therapy Centre (Oxford) Lirniled is a company and a registered charity on ils own. The Therapy Centre is affiliated to) the MS Nation81 Therapy Centre. Charity no.. 802510. There are mole than 60 ￿ntieS throughout the UK. Risk Management The Trustees have a duty to identify and review the risks lo which the Charity is exposed and to ensure appropfiate controls are in place to provide reasonable assuran￿ against fraud and error. Risks are monitored wnlinually and actions taken lo mrtigale them. Public Benefit Thts Trustees have complied with their duty to have due Tegard to the guidan￿ on public benefit published by the Charity Comtnission in exercising their ptsweis or dutie5. The MS Thora Thg re orto Centre Oxford Limitgd oar ended 31 December 2020 Pa8e 3 continu•d ObJectlve8 and alms Tha objectivès forwhich thg Company is foundtd arè to aid and impmva the conditions oftho$8 suffering from Multiple Sclerosis in Oxfordshire and neKJhbouring wuntigs. Voluntsèrs Th8 Charity has one part-time paKI rn8mtÉr of staff (Centre Manager). All other per80nnel indudsng Trustees are volunteers. Fundraising acti¥ltles Due to the Covid 19 p8ndÈmic the fuThJraising .SUP￿emented by a grant tt)i$ year, has been very limw in raisiThJ capital to fund tr* oporation81 naeds of the Therapy Centre. Reserv88 policy The policy ol thè Charity is to hold a minimum of £15.000 in a secure account and in aco)rdance th the rtrsdution of the Managernent Commthe, to use such acLumulated assets for the development and impr0￿ment of the Therapy Centre. Prt￿l￿al fvnding soureès MS Thèrapy Centre Ioxfordl Limited is fvnded 801ely by voluntary contributi0F￿,fundraIslng ev#nts and Occas￿nalY supplgtngntad by grants. Tha Centre is largely dependent dOr￿tionS at¥J fundraising and ihe Committee 15 conb"nually reviewing ways and taking various steps to maintain this 50ureè tsf incune. The Cornrnittee Mll (X)n￿n￿ to seek further growth in in¢om& trj expand the Centre's actiwties. Covld 19 pand8mie Due to the panderni¢, th8 Centre d05ed in the mKldk of March 8nd reop8ned in September,and then only o restricted basis with a vory reduced rApacty. The Centre re￿IVed financial help In the fom of the govemrnenys fvrtough scheme 8nd also a grant frorn the Cornmmunty Fuxd trom the Nab"onal Lottery. The MS Thera C&ntre Limlted The ro ort of tha Trusteès. for the ear ended 31 December 2020 Page 4 conttnued Ststsm•nt of Diroctois. and Tru8teo6' r•8pon8lbllltl•g Charity Law and the Companie5 Acts require the Board ofdirectOf5 to prepare financi81 st8ternents for each financial year which give 8 tiuè and fair view of the stste ol affairs of the charity as at the end of thè financial year and ol the surplus or d&ficil for tha yearthen ended. In ￿panng the financAal statements, the Board of dirgdors 4ra requirad to.. 1. sekct 5Uitable accounllng policKgS and apply them consistently., tn8kè judgements and estimates th* 810 regsonable and prudent., 3. follow applicable UK A¢¢ounting Standards, the statsment of recornmended prgctiea for ac¢xiunting and reporting issued by the ChaFity Cofnmis5ionet5 of ENJland and Wales. 4. prepare th8 finanoal statements on a goin9 concem basis. The directors are responsible for keeping proper accounting ￿c4rd$ whic* disclosè with reasonable accuracy 8t any ts.me the financial p0s￿On of the cornpany and ènable rt to ensure that the finanoal ststements eompty with th& Companies Acl 2006 and the accounting requirèmenis under Charity legislation. They are also responsible lor satsguarding the assets ol the cunp8ny he￿￿ for taking reasonable steps foi the p￿VentiOn and detec*on of fraud and other Irregularbts"es. These 8ccounts have been prepared in 8¢eord8rte ￿ the provision8 applic3bl8 tr) Companies subj'ect to the 8m811 companSes regime. This Yeport wa8 approv¢d by tre Board of Directors and Trustw on !.a.l..É.1..2021 Andw Gower Director and Tiuslee Dave Web Director and Tmstee The MS Thera Centre Oxford Limitèd Inde ndent examinerfs re ort to the Trustees Year ended 31 December 2020 Page 5 I report oa the finanoal ststements ol thè company whith arè set out on pages 6 to 11. Respectivè respon$lbllltios of Trustees and Examin•r The trustse5 (who are also the diiectors of the company forthe purposes of company lawl ats rasponslble for the pieparab.on of the accounts The trustee5 consider that an audit is not required for this year undèr section 144121 of the charit￿s Act 2011 Ith6 2011 Act) and that an Ind￿endent examination 15 needed. Having Satisfied my5eY that the chanty is not subjecl to 8wlit under cornpany18w and is 8ligibl8 for indapandent examinab"on. rt is my responsibilty to". al examine the accounts under section 145 of the 2011 Act., bl follow proc8dures lahj down in th8 g8nèral Directions aiven by tha Charity Commission under section 14515llbl of the 2011 ACL and c} to state whèther parbcuiar rnattèrs have come to my attenb"on. 8asS6 of Indapandent oxamlno¢$ r•port My examination wag carried out in 8ccordanco with the g8ner81 Directions given by the Charty Commissioners. An examinats.on indudes 8 review of the accounting records kept by the charity and comparison of th8 aecounts presented from those record$. It 8180 includes consideration ol any unusual items or disd05ures in Iho accounts, and 588king eyplanations ffom you as trustees con￿MiNd any such mattèrs. The proceduras undsrtaken do not provide all the eviden￿ that would be required In an audrt and consequenuy no opinion is given as to whether the accourts present a'lrue and lair viebv, and the report is limitwl to thosè matters set out in the ststement below. Ind•pendent •xamlnerfs statern•nt In o)nnethon wth my examination. no matter has corne to my attents"on'. I which give me r8850nabk cause to tElpve that in any material respÈct the requirements.. 81 to keep a¢counb"ng records in accordan¢& wth section 386 of the Companies Act 2006." and bl lo prtspa￿ accounts which ac(x)rd vAth the accounting records, comply wth tho accounting requirements of section 396 ofthe CoMpan￿S Act20Cfj and wth ¢h8 rnethcxys and principles of the Statemènt of Recommended Pr8thc*'. Accounting and Reporb"NJ by Chariiies have not been mèt., or 2 to which, In my opinion, attantlon should be drawn in order to enabl8 8 proper understsnding of the accounts to bè reached. David Bowman FCA 40 Hufrle5wo11 Long Hanborough Witnèy OX29 8DH Date.. Dl . D G Lou . The MS Thera Centré Oxford Statement of Finan¢ial Activities Year and￿ 31 De¢embgr 2020 Limitgd P8ge 6 Unrestrid8Rgstricted Total Funds Funds Funds 2020 2020 2020 Note Income from Donations Othèrtrading activit￿$ Inve5trnents Total ineomè 23,549 10,0(KI 33.549 3,892 3,892 26 26 27,467 10,000 37.467 Expendlture on Raislng funds Charrtable actNth$s T¢)tal gxpendltur• 1,034 35,791 36,825 1,034 4,167 39.958 4,167 40.992 Not Ineom• Trnn8f•ts bthèèn funds N•t movement In funds -9.358 5.833 3,7S6 -3,756 2.077 -3.525 -3.525 R8conclllaWon of fund8 Total funtls brought fofward 40.761 40,761 Totsl fvnds carrlod forward 35,159 2.077 37,236 Unr&strid&Restricted Totsl Funds Funds Fund$ 2019 2019 2019 Note Income from Donations Other trading a￿￿￿"e5 Investments Total Income 41,875 9,639 31 51,345 41,675 9,839 31 51,345 Expendlture on Raising funds Charrtable Actm￿&S Total eX￿ndItuTe 1,356 58,179 59,535 58,179 59.535 Net In¢om• ty•tw•*rt fund# N•t mov8mont In fund$ ,190 -8.190 -8,190 4.19J R•¢onciliation of fund8 Total fund8 brought forward 48.951 48,951 Totsl funds eaftiod forward 40,761 40,761 The Statsrnent of Fin8nci81 Act￿￿e9 includes all gains and losses recA)gnised during the year. l a¢tiwtEs arè d8rived frorn Continuing operatitsns The MS Thera Balance sheet As at 31 Decombgr 2020 Centre Oxford Limitsd Page 7 Companyno.. 2318549 The assets and Ilabllttles of th• chttrty." Note 2020 2019 Flxod assets TangibI8 fLK8d assets Total fix•dassèts 81 81 1,561 1,561 Current assets Debtors Cash at bank and in hand 10 2,463 38,081 3,373 36,159 39.532 CToditors: amounts falling due Within onè yèar 11 -3,389 -332 Net current a888ts 37.155 39,200 Total a￿ets ¢urront 11oblllU 37.236 40,761 The lunds ofthe eharlty.. Unrestricted fuThJs Rastrictad funds 12 12 35.159 2.077 40,761 Total chartty funds 37,236 40,761 Th• mombers hav8 not requirad th6 Company to obt8in an audit of its accounts for the year ended in q1*5tion in 8cCnrdan￿ section 476 ofthe Compan￿$ Act 20(*. The accounts have been prepar&4 in aczordancè with th8 special provisions relating lo small companies under $477 01 Companies Act 2006. The directors acknowledge their responsibilth"e$ for complying ￿th the wuirprnents of the Act wrth respeGt to a¢¢ountin9 re¢orty"onal and statutory r8quir8rn8nts. Flxed•ssets artddgprncladon I tangiDie flxed assets are Sth￿J ai LX)61 less (lepreryatson. D6praaation has been provided at thg following rates in order lo write off the 8s$0ts Ibss their estimated residu81 value} 0verttr￿lr oslimatgd usofvl ￿nomIC lives. Straight ling Portakabin & its frtkings Plant equipmtrnt Cornputgr8quipnBnl over 8 years over 3 years ovar2 year5 The MS Thera Centre Oxford Notes to thg financial ststements Year ended 31 Dgcgmbgr 2020 Limitsd continued Page 9 Taxatiort Thè (*arity is exernpt from corporalon tax on its chatit8ble activit￿5. Funds Structure polff¢y The charity maintains a general unrestri¢ted fund represents funds which arè èxptrndable at the discretion ol the Trustee5 in furtheranL> of the objects of the charity. Such funds may be held in order to finan￿ both working aFKI c8Prt81 invastrnent Restricted fund5 are funds that C8n only b& used lor particular restricted purwses. Réstrictions arise when specffied by the donor or when funds are raised for a particular purpose. 2. SuTplusllD8fieitl of the year This is aThv8d 8t after ￿diting.. Revenue tumover from ordinary act￿￿¢$ 33,549 2020 2019 41,675 and after charging". Depreuation of fuert assèts 1,480 2,671 3. Tru8tse8' remunaratlon and benefits The Trustees receiv￿1 fio rèmunèralon or other trRnefits forthe year ended 31 ￿e￿rn￿r 202012019". nill. The￿ were no Trustees, &ynses paid forthe year ended 31 December 202012019.. nil}. Thè directors are defined as thg Twstsas. 4. Employ•• Informatlon Thg chanty has one pahl employee, the Centre manager12019-. 11. 5. Inv¢stm&nt Income 2020 2019 Bank dèposit interest 26 31 The MS Thera Can Oxford Notos to tha financial $tstements Year ended 31 Docewnb8r 2020 Limited continued Page 10 6. Voluntary Incom• Unreslrth(Reslricted Total 2020 2¢Y20 2020 2019 Centre donations Donations GiftAid Subseription3 mi￿lIa￿OuS incorr Totsl incorre 16,928 16.928 1.884 10,000 11,884 3,652 3,e52 1.085 1,085 28,538 5,701 6,010 1,428 23,549 10,000 33.549 41,675 7. Analy810 of costs of charftabl• a¢tlvltl08 2020 2019 Olr•et8UPP¢rt ¢osts Massage Osteopathy Physiotherapy Chiropra¢ti5e Chiropody Acupunetu Aqua & Meditation Class 6.003 2,255 2,791 9,903 5,622 6,472 2,014 1,263 1,071 200 26,545 507 713 12,849 Other support costs Wages. sopial security an¢J pension costs 13,872 Electricrty and water 1.184 Running costs and equiptngnt 1,512 Oxygen supplies Cleaning Depreuab'on Insurancè Telephone arKI communl¢ation8 Building & Equipment Maintenan Sundrigs 14,898 1,971 1,396 6,349 1.100 2.671 1,181 1,027 749 192 31,534 774 1,480 1,277 1,562 27,196 Governance costs Federation membership Acctsuntancy 100 13 113 100 ioo Total costs of chakltabl• activitiès 39,958 58,179 Ofth& totsl ￿sts of Chartsb￿ aCtiV￿e$, £7,923 were expèndsd ftom restrct8d funds. 8. Taxation The MS Trerapy Centre (Oxford} Lirnited is a registered charty. and is. therefore Èxernpt from li8bilty to tsxatyon on rts income an(1 caprtal gains. Tho MS Thora Centre Oxford Notss to the financial statsments Year ended 31 December 2020 Llmlted ¢ontinuod Page 11 9. rangl￿t fix•d assets Portakabith Plant & & fittings nputer equip'l Total Co#t At 1 January 2020 Additions Disp05813 At 31 Decernber 2020 43,032 29,278 72,310 43,032 29.278 72,310 Accumulat•d d9pr•clatlon At 1 January 2020 Charge for the year Dispo8al8 At 31 D8¢ombgr 2020 42,463 28,286 488 992 70,749 1,480 42,951 29,278 72,229 Net book valu8 At 31 Decémber 2019 569 1.561 At 31 Decembgr 2020 81 81 10. Debtors: arnounts falllng withln one yoar 2020 2019 Trade debtors Other debtor5 2,463 2,463 3,373 3,373 11. Creditors- amounts falltng due within one year 2020 2019 Trade cred1tors Other credrtors A￿rUed expenses 333 3,056 3.389 291 41 332 12. Analysls of ngt moverngnts In lund$ Restrictad Untsstricted Balan￿ at 1 January 2020 Ir￿Oming wour¢&s OutgDlry re6ourGe5 Transfer to unre$tri¢ted fur5ds Transfer from restricied funds Balance at 31 De￿rnbel 2020 40,761 27,4e7 10,000 -4,187 -36,825 -3,756 3,756 35,159 2,077 13. Rsstri¢ted funds Restn"ctad fuNls are httkd forthe ne￿$Sary m8asure3 to CLJmply wth Covid 19 rules. 14. Contlngènt11obllltiets Ther6 arè no Contingent liabiif(ps at the yeai ended 31 Decernber 202012019.. ni11. 15. Rty￿tsd pafty transa¢￿on9 Donations from truste6s wère £5,2e312019.' £6,103)