The MS Therapy Centre (Oxford) Llmlted Trustees, Annual Report and Financial Ststements Year ended 31 December 2022 Registered Charity no: 900278 Company no: 2318549 The MS Thera Centre Oxford Limited Re ort and Financial Statements for the ear en l December 2022 Index: Pagè Company information Trustees, annual report Independent Examinefs report statement of financial activities Balance sheet Notes to the finanaal statements 8-11 Thè MS Thera Centre Com infomiation Oxford Llmlto an Page I Twst8es A Gower (Chairman) D Webb (Treasurer) Hemingway I Secretary } T Ball A Davies JDay G Fevlings G McLaughlirs M Walker Sue Dotsn . cent￿ Manager Company registratlon numb9r: 2318549 Rogistered Offic• 37E Innovatton Drive Mitton Park Abingdon Oxfordshire OX14 4RT Rggistefed ¢harlty numb¢r: 900278 The MS Thera Centre Oxford Limited The r• rt of the Trustees. for tho ear ended 31 December 2022 Page 2 The Trustees present their annual report and accounts ft)r the yaar ended 31 December 2022. The fijll narnè of the charity 1$ Thè MS Therapy Centre {Oxfordl Limited. The legal registration details are.. Date of incorporation". 17 November 1988 Company Registration Number.. 2318549 The R￿lStered Office.. 37E Innovation Drive, Mitton Park. Abingdon, Oxfordshbre. OX14 4RT structure, Goyemance and Managomgnt Gov•mlng document The Charty Is controlled by it8 governlng document, a Deed of Trust, and conststijles a Limited Company, Limited by Guarantee. Recrulth)•nt and appointmènt of now Truste08 Trustees are appointed by the members al the Annual Gonoral Meeting. The Centre Manager updates irrform8tion the Chanty Commission. Related Partles The MS Therapy Centre (Oxford) Limited Is a company and a reg1stered charity on its own. The Therapy Centre is affiliated to the MS National Therapy Centre. Charity no.. 802510. There are more than 60 cenlres throughout tho U Risk Managgment The Trustees have a duty to identify and revi￿ the risks to vthich the Charity 1$ exposed and to ensure appropriate controls are in place to provide reasonable assurance against fraud and error. Risks are monitored eontinually and actions 18kèn to mrtigate them. Pub5ic Ben•fit The Trustees have complied with their duty to have due regard to the guidance on public benefrt published by the Charity Commission in exer¢i$ing their powers or duties. The MS Thera Centre Oxford Limited The ra ort of thg Trust•o6' for the ear onded 31 Decembgr 2 Page 3 22 continued Objèdves and aims The objectives for which the Cornpany is ftsunded are to aid and improve the ¢onditions of those suffering from MuKiple Sclerosis in Oxfordshire gnd neighbourtng counties. Volunte•rn The Charty has one part-tlme p8id member of stsff (Centre Manager). All other personnel indudlng Trustees are volunteers. Prlnclpal fundlng sources The MS Thèrapy Centre (Oxfordl Liinited is funded solety by voluntary contribulion$.fundiai$ing events 8rMI occasionaty supplemented by grants. The Centre is18rgely depeTidenl on donations and fvndraising and the Committee is conllnually reviewng ways and taking various steps to maintaSn this source of income. The Committee wlll continue to seek further gr￿h in incomts to expand the Cfyntre's adiv((i8s. Reservts pollcy The pollcy of the Charity is lo hold a minimum of £15,000 in 8 secure ac£ount and in ac¢ordance with the resolution of the Managem8nt Committee, to use suth 8ccumu￿ted assets for tho development a¥)d improvement of the TheT8Py Centre. Tho MS Thera Centre Qxford Limited The rè rt of th6 Trusteos, for thg ar ondod 31 Docombor 2022 Pa8e 4 con in Slaternpnt of Directors. and Truste￿. responslbllitl Charrty Law and the Companies Acts requlre th9 Board of dlrectors to preparè financial statements for each financlal year which give a tru& and fair vlew of the slate of affairs of the charty as at the end of the financial year and olthtr surplL%S or deficit for the yearthtrn ended. In preparing the finanaal statements. the Board of dlrectors are requi￿￿ to: 1. s81ect suitsble accounting policies 8nd apply them consistent￿, 2. make judgements and estimates that are reasonable and prudent,. 3. follow applicable UK Accounting Standards, the statement of rewmmended practice for accounting and reporting Issued by the Charity Commissioners of England and Wales. 4. prepare the financial statement8 on a gobng concem basis. The directors are fesponslble for keeping proper aGoounting records which disc108e with reasonable accufacy at any time the finanaal position of the cornpany an($ enable il to ensure that the finanrial ststements Comp￿ with the CoMpan￿S Act 20Ch$ and the BccounÉing requiremènts under Charity legislation. They are 81sts responsible for safeguarding the 8$8ets of the company and hen￿ for taking reasonable steps for the prevention and detection of f¥8ud and other irregularibes. These accounts have been prepared in accordan￿ with the provish)ns applrAble lo compartiès subject lo the small companies regimtr. This r¢port was approved by the Board of Direetors and Trustees on ..... ..2023 Andrew Gow6r Director and Trust88 Dave Webb Director and Trustee The MS Thera Centre Oxford Limitsd Inde endent examinerfs re ort to the Trustees Year ended 31 December 2022 Page 5 I report on the financial statements ofthe Company whiGh are set out on pages 6 to 11. Re8￿CtI￿ respon$ibilitios of Trustses and Examlner The trustees (who are also the directors Df the company for the purposes of company lawl are responsible for the preparation of the accounts. The Iruslees oJnsider that an audit is not required for this year under section 144121 of the Charibes A¢t 2011 (thè 2011 Act) and that an independenl examination is needed. Having satisfied mysemthat the charity is not Sltbject to audit under company law and is ellgible for independ8nt examination, it is my rèsponsibilty to.. al oxamine the accounts undèr saetion 145 of the 2011 A¢t,' bl follow procedures laid down In the gene[81 Directions given by the Charity Commission under section 145{5llb} of lh¢ 2011 Act., and c) to state whether pa￿Cular mattsrs have comè to my attention. Basis ol independent 8xaminerf3 r•port My examination was carrièd out in actordance with the general Directions given by Ihg Charity Commissioners. An examination includes a review of the accounting ￿COrdS kept by tha cha￿ty and comparison of the accounts presented from those records. It also includes consideration of any unusual itsms or disclosurès in the a(xx)unts. and seekin9 explanations from you as trustees con￿MIng any such matters. The piocedures undetsken do not provide all the evidence that would be required in an audit and ¢onsequently no opinion is given as to whether the accounts present a ￿￿Je and tsir vievl, and the report is limrted to those matters set out in the statement b&low. Independent axaminer's statement In connection with my examinab"on, no matter has come to my atttrntion.. I which gsve rre reasonable ¢ause to telieve that In any material respect the requiremenl3'. al to keep accounting records in 8ceordan¢e section 386 of the Companies Act 2006,. and b) to prepare accounts which aeeord with the accounts'ng re￿[d$. comply with the accounting requirements of section 396 of the Companies Act 2006 and the methods and principles of the Statement of Recommended Practice.. Accourtts"ng and Reporting by Charrties have not béen met.. or 2 to which, Tn my opinion. 8ttention she￿*d be drawn in order to enable a proper understanding olthe accoun15 19 be reached. David Bowman FCA 40 Hurdeswell Long Hanborough Witney OX29 8DH 30 og. 2011. The MS Thera Centre Oxford Statement of Financlal Activities Year ended 31 December 2022 Limitod Page 6 Unrgstricted Funds 2022 Restricted Funds 2022 Totsl Ftjnds 2022 Note Income from Donations Other trading activitie¥ Investments Total InGOITie 52,204 7,832 62 60,098 52,204 7,832 62 60.098 Expenditure on Raising funds Chartsble activities Total #xponditiJr• 1,633 58,586 60,219 1,633 58,586 60,219 Net income Transfers betweon fundB Net movement in funds -121 -121 -121 -121 Reconclliation of funds Total funds brought forward 29,473 29,473 Totol funds carried forward 29,352 29,352 UnTestrirted Funds 2021 Rgstricted Funds 2021 Total Funds 2021 Note Income from Donations Other trading activities Investments Totsl incom8 38,920 7.641 26 46.587 38,920 7,641 26 46.587 Expgnditurg on Raising funds Charitsble activib"•$ Totsl 8xpondtture 1,442 50.831 52.273 1,442 52,908 54,350 2,077 2,077 Net Income Transfèrs between funds Net movemènt in funds -5,686 -2.077 -7,763 -5.686 -2,077 -7,763 Re¢onclllation of fund$ Total fvnds brought foThvard 35,159 2,077 37,236 Total fund$ ¢arrlod forward 29,473 29,473 The Statement of Financial Actwitie5 includes all gain$ and losses re¢o9nised during th• year. 18ctivities are derlved from conts"nuing operations. The MS Thera Balance sheet As at 31 December 2022 Centre Oxford Limitod Page 7 Company no.. 2318549 The assets and liabilltle$ of the charity.. 2022 2021 Note Fixed assets Tangible fixed assets Total fixed assets Current a8s•ts Debtoys Cash 8t bank and in hand 10 4,887 27.813 32,700 3,395 28,069 31.464 Crndltors: amounts f•lllng dug Vthln one year -3,348 -1,991 Not currgnt a$s8ts 29,352 29,473 Total assets lÈsy current liabilities 29,352 29.473 The fvnds of th• charlty." Unrestri¢ted funds Rastricted funds 12 12 29,352 29,473 Totsl charity funds 29,352 29,473 The members have not required the ¢ompany lo obtain an audit of its account3 fr)r the year ended in question in a¢¢ordanc8 wth section 476 of the Cornpanies Aet 2006. The accounts h8ve been prepared in a0￿rdance with thg spèeial provisions relating 10 6m811 Companies under s477 of Companies Act 2006. The directors acknO￿edge their responsibil￿eS for Complying With requirements of the Ad wth respect to 8ccounting re￿rdS and the preparation of accourtts. The accounts have been prepared in accordance the provisions ap￿1¢&ble to companies subject to the sm$ll companies regime and in aeeordaneè the Financial Reporting Standard of Smallèr Entities120081. The financial statements were approved by the Bo8rd on .. ..2023 and are signed on its behalf by- Andrew Gowef Diréetor and Trustae Dave Webb Diredor and Trust The MS Thera Centre xford Notes to the financial $tstements Year ended 31 December 2022 Llmlted Pa8e 8 1. Accounting policies Basis of preparatlort of the •¢¢ounts The charty consb"tutès a public benefit Èntity as defined by FRS 102. The finanaal ststements have been prepared in accordance with Accounting Reporting by Charities.. Statement of Recommended Practic& applicable to charities preparing their 8c(x)unts in aco)rdance wtsth the Financial Reporting standard applicable in the UK and Republic of Ireland {FRS 1021 issued on 16 July 2014 as read with the Updato Bulletin enlilled'charities SORP FRS 102 Update Bulletin,, published by the Chartered Institute of Public Finance and Accountancy, London, in 2016, the Finan¢i81 Reporting Standard applicable in the United Kingdorn and Republic of Ireland IFRS 1021, the Charities Act 2011, the Companiès Act 20￿* and UK Generalty Accepted Pra¢b"ee as rt applies from 1 January 2016. The finan¢i8I statements are pfepared on a going ¢oncern basi$ under the historic cost convention modffied to include rertain items at *air value. The financial statements are prepared in stgrling which is the functional currency of the charity. The significant accounting policies applied in the preparation of the financial ststem&nts are set out below. These FK)liciés have been consislenly applied to all yeats prèsènted unless othewse ststed. A¢¢ounting conventlon The financial statements have been prepared on a 905ng concem basis. under tho historical cx)St wnvenlion. Income Donations and similar income are included in the financial ststemenl¥ on o ¢eivable basis. Expendituro l expenditure is incjuded on an a¢¢N¥I basis and is r8cognised when there is legal or eonstructive obligation to do so. Charkable activities Charitable activities include eypendlture associated with improving the condition5 of those suffering Muthple Sclero8is and other conditions. Govemance costs Gov•mance ￿StS includé those incurred in the govemance of the charity and ils assets and are prTrmarily assoaated with constitutional and statutory requirements. Fixed assets and dèpreciation All tangiblè fixed assets are stated al o)$1 less depreciation. D6preciation has been provided at the following rates in order to write off the assets Ite38 their estimated residual value) ovar their estimated useful econom1¢ lives. straigljt Ilno Portakabin & its fittings Plant equipment Computer equipment ovèr 8 years over 3 year8 over 2 years The MS Thera Centre Oxford Notes to the financial statements Year ended 31 December 2022 Limitod continued Page 9 Taxation The tharty is exempt from corporation tax on its ¢harltsblg adtvities. Funds structure policy The ch8rty maintains a general unrestricted fund which represents funds which are expendable at the discretion of the Trustees in furtherance of thè objects of the Charity. Such frjnds may bè held in order to finanee both working and capital investment. Restricted funds are fund5 that can only be used for parbcular restricted purposes. Restrictions arise when specified by the donor or whèn funds are raised for particjjlar purpose. 2. SurplusllDeficill of thè y•ar This is arrived at after cr8diting'. Revenue lumover from ordinary activittes 2022 2021 52,204 38,920 and after charging.. Depreciation of fixéd assets 81 3. Trustees. remuneratlon and banefits The Trustees received no remuneration or other benefits for the year ended 31 December 202212021- nill. There were no Trustees. expenses paid for the year ended 31 December 202212021". nill. The directors are defined as the Trustees. 4. Employeè infomiatlon The charty has one paid employee, the Certre manager12021.' 11. 5. Investment Income 2022 2021 Bank deposit interest 62 26 The MS Thera Centre Oxford Notes to the financial $tstements Year ended 31 December 2022 Limited continued Page 10 6. Voluntsry Income Unrestricted 2022 Restricted 2022 Total 2022 2021 Centra donations tk)naty"ons Gift Atd Subscript*ons Miscellaneous income Totsl income 35,696 6.248 7,290 2,970 35,696 6,248 7.290 2,970 25,582 7.252 4,802 1,284 52.204 52,204 38,920 T. Analys1$ of Costs of charitable activiti08 2022 2021 Dlrect Support costs Massage Osteopathy Physiolherapy Chiropody Acupuncture 14,559 4,715 2,487 1,447 727 23,915 11.421 5.133 3,583 1,506 714 22,357 other support costs Wages, social security and pension costs Electricity and watèr Running costs and equipment Oxygen supplies Cleaning Depreciation Insurance Telephone and ¢ommuni¢alions Building & Equipment Mainlenan¢e Sundries 19.120 1,652 502 9,105 1,465 17,449 1,783 514 6,500 950 81 1.011 1,236 934 890 1,410 362 52 34,558 30,438 Govèrnanco costs Fédaration Mam￿r#hI Accountsncy 100 loo 13 113 113 Totsl costs of charitable actlvltles 58.586 52.908 8. Taxati¢>n The MS Therapy Centre (Oxford) Limrted is a registered chanty, and is, therefore exempt from liability to taxation on its income and capital gains. The MS Thera Centra Oxford Notes to the flnancial statements Year ended 31 December 2022 Limited ¢ontlnued Page 11 9. Tanglble flxed a869ts Portakabins & fittings Plant & Computer equipl Totsl Cost At 1 January 2022 Additions Disposals Al 31 December 2022 43.032 29.278 72,310 988 28,290 988 71.322 43,032 Ac¢umulated deprociatlon At 1 January 2022 Chargo for the year Disposals At 31 December 2022 43,032 29.278 72.310 988 28,290 988 71,322 43,032 Net book valua At 31 December 2021 At 31 December 2022 10. Dobtors: amounts falling due wlthin one year 2022 2021 Trade debtors Other debtors 4.887 4,887 3,395 3,395 11. Creditor¥: amounts falling duo wlthln one y•8r 2022 2021 Trade credrtors Other creditors Accrued exp8n$es 637 2,711 3,348 754 1,237 1,991 12. Analysis of net movem•nts In funds Restricted Unrestricted 8al8nce at 1 January 2022 Incoming resources Outgoing resources Transfer to unrestricte¢J fttnds Transfer from restricted fund Balance al 31 December 2022 29,473 60,098 -60.219 29,352 13. Contlngent Ilabilitsos There are no contingent liab¢"lities at the year gnded 31 December 2022. {2021'. nill. 14. Rèlated party transactions Donab"ons from trustees were £5043 .12021.. £3,977).