Charfty reglstratlon number SCQ3504S {Scotlandl Company reglstrdtlon number SC260588 {Seotlandl ORKNEY HYPERBARIC TRUST ANNUAL REPORT AND UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2024
ORKNEY HYPERBARIC TRUST LEGAL AND ADMINISTRATIVE INFORMATION Dlrecto S•eretary Maclay Murray & Spons LLP Charfty number IS¢ottandl SC035045 Company number SC260588 Registèred office Independent examinor A J B Scholes Ltd 8 Albert Street Kirknall Orkney KW15 1HP Solicitors Maday Mutray & Spens LLP 151 Sl Win¢enl Street Glasgow G2 5NJ
ORKNEY HYPERBARIC TRUST CONTENTS Pag• Dlrectors, report Independent examinerfs report Statement of17n8naal activities Balance sheet Notes lo the flnancial statements 8-14
ORKNEY HYPERBARIC TRUST DIRECTORS. REPORT (INCLUDING DIRECTORS. REPORT) FOR THE YEAR ENDED 31 DECEMBER 2024 Tha directors present their annual report and finanaal slatemenls forthe year ended 31 December 2024. The financial slalements havg been prepared In accordance w¢th the accounting policles set out in nole 1 to the financial slalernents and ¢omply with the Charity's artides of associalfon the Companies Aet 2006 snd "Accounting and Reportlng by Chartties.. Statement of Remmended Practice applicable to charities preparing thelr accoLtnls in accordan with the Flnandal Reportlng Standard appli¢able in the UK and Republic of Ireland {FRS 102} leffecbve 1 January 2019)" ObJè¢tives and activlties The trust's objects are-. - thè provision of a hyperbaric factlity and associated medleal care to divers wsthin Orkney- - the tralning and maintenance of a tèarn to maintain. operate and staff the hyperbaric chamber., to increase diver safely by appropriate educatlonal initiallves.. and to carry out research associated with diving arridents in the recreational dimng eommunity with the aim of reducing the numbers of accidents and achieving better mat7agement of those which do occur. Achl•vements and parfomiance Significanl &clivitl8$ and achievements agaAnstobjecUws 2024 has been a relatively quiet year for the unll. The amount of rttrealion81 diving In Orknèy waters this year has been less than in re¢enl years. This ha5 be&n predomlnanuy as a consèquence of two of the busier boats not opèrating for much of the season. one having run aground, one due to the skipper retiring. The latter boat has now been transferred to new owners and Is expected to operate in 2025. As has been the case in reeenl years, ¥ numbor of local dive-bo8ls spend part of the earfy summer operating outside Orkney waters, particularly ift Shetland, the west coast of Scotland and Scandinavia. This means the amount of recreational divrng activity in Orkney water lends to incre8$0 later in the svmmer. In géneral. as one would expect. the number of cases we See lends to mirror the amount of dfving acllvity and Ihls is the case this year. Wg estimate from dive boat returns that there have been around 9000 recreational dives in Scapa Flow this year with an InrAdence of decompresslon illness al a little over 1 case11000 dives. This is consislenl wlh the inctdence we have seen for Inany years. Cllnical Actlv. There were 16 Signifint incldenls whl¢h presented lo the servtC8 in 2024. 10 divers with decompression illnes5 were recompressed. One of these. a diver wllh a severe vestibular bend, required three follow up Comex 12 treatments with excellent recovery. Five divers were assessed at the unil as possible decompression illness and treated wlh surface oxygen but not recompressed. One diver was rèsuscAtatèd at the landfall site after a cardiorespiratory arrest. Thls diver wa8 transferred via Ihe Balfour Hospital lo Aberdeen Royal Infimary but sadly dled later in inlenslva ¢are. Th¢re was one other death of a ¢ommerclal diver lost at sea. ra All staff musl undertake core Iralnlng modules each y88r. Thesè includ& a Irainlng chamber dive. BLS Irainlng, mèdical emergenoes training. fi safety and a personal mèdical assessment from the medical dtrector. We have also a(Jded a moving and handling module this year and a Irainlng session was held in November led by Tony Miller, NHS Orkney's moving and handling lease. No member of staff can be on th& rola unless they have s¥l(sfactorily completed all of these modulès. Refresher Irainlng is available lo all staff on any subject throughout the yèar on request. The OHT medical manual was updated this year and addltional matèrial added. All m&mbeTS of staff have copy of the OHT medical manual which contains all of the modules. These are also available on-line in the stsff Section of the website. We use Microsoft Teams to continue regular training updates and have been pleased lo be able lo org8nvze jolnl sessions with the Aberdeen unit three limes thi5 year. In addition, the diving Dl$eases Research Cenlre in Plymouth hgve startod an online joumal club whl¢h is held every two-three months. The increased opportunities to share cases, issues and protocols with other chambeis throughout the UK has been a very posrtive development. The European Baromedical Society meeting was held in September in Brest. attended the rneetin attended was held in eady November in Hull. Two m&rnbers of staff chaired presented a talk on 25 years of the Orkney unit and also onllne talk to the East of England hyperbaric unit on the treatment of dnAng related decompression illng88. Therg wa3 no face to face Scottish ch8rnber meeting in 2024.
ORKNEY HYPERBARIC TRUST DIRECTORS. REPORT {INCLUDING DIRECTORS. REPORT) (CONTINUED) FOR THE YEAR ENDED 31 DECEMBER 2024 Audit and national structure National Services Scotland are undertaking a Teview of hyperbaric saNlces in Scotland. As part of that process the Orkney Unil underwent an addllional audil In November 2024. wlh a visiting team from Aberdeen. We have had verbal feedback from that visit which was positsve but have yel lo receive a formal report. We understand that the national process is due to conclude In August 2024. The next timetabled routine audit will be due In Ihfj autumn of 2025. The unit conlinved to participate in the Scollish National Dacomprès the head of se national service I Setvlegs Scotland every six months as taken over asAberdeen lead. Liaison Prevention and FLJlure P nni OHT remains committed to working with other agen¢ies to improve divlng safety. Tho unit ¢ontinues to particlpale with other relevant aggncies lo reduce tho number of divrng accidents in Orkney waters and lo improve the triage and management of accidents which occur. As reported in the 2023 annual report there have been some tensions recently beeen some of the dive-boat operators and the Marine and Coastyuard Agency. We have been pleased to able lo re-establish the Orkney Dive Liaison Group in 2024. We held 8 meeting in spring 2024 which Included skippers and coastguard. This was then followed by an exercise in September in¢Tuded the coastguard and the RNLI Ilfeboal Crew. Both meetings were chaired by debrief which is hoped that we can maintalT7 dialogue and potentially involve other agencies (Harbours. Police, Scottish Ambulance SeCe) to promote better understandlng of each agency's role and better team working. The lease for the chamber buildlng with ORIC (Otkney Ro8ear¢h and Innovallon Campus} has recently expired. We have a written agroement foi the lease lo be renewed and the plan is that this will be for a ten year perfod (s8e below}. The fom?al lease is being prepared and we anticipate signing il in the near fijture. In the unllkely èvent of problems OHT has sufficient financial reserves to meet the cost of service havlng to move sile. These reserve8 are also in place to provide for the future capltal ctssls of replacing equlpment Includlng the chambèr itse. Financial ly split belwe&n fixed rale bonds and a medium risk ethical portfolio invè8tmenl managed b continues as treasurer of the Etjropean Underwater Baromedical Soclety. eottish presentatIVe on the 8rf1ish Hyperbaric Association committee io be om theAberdeen unll. d retums are submttted tr) has retired as head of the has feplaced by aint nance and D velo ment of th& Facil. 2024 has been the fourteenth year of use of the new chamber. We have a five-year rolling maintenance schedule contract with SMP who built the chamber. The next planned vlsil is In February 2025. In conjunction wilh ORIC the old oil boiler has been replaced with an Alr Source Heal Pump and. in conjunction with this wotk. the roof space has been insulated and a new door installed. The costs of thSs work have been split 50150 with ORIC. In relum, OHT will iecelve a ten year lease with the rent ffxed for the first five years. The directors are of the view that thls represents a good CO&operalive arrangernenl with ORIC wllh both partlas benefitting. Resear The English charnbers who are members of the British Hyperbaric A8sodalion atl contrfbule dats to an electronic database using the "Redcap" {Resear¢h Eleetronic Data Capture) software. This h83 been approved by NHS England subject to a sertes of safeguards to protèct dats in aeeordance with GDPR. The database covers 8 Tange of indications for hyperbaric treatment and is designed to collate infomiation about treatmènts and outcomes. We believe that the diving illness section of tho database ¢ould bè a useful resource for the Scottish chambers and that we should ¢onlribule as members of the British Hyperbaric Association to improve audit and knowledge in an area with rèlatively small numbèrs of cases nationwide. The adoption of Redcap in Scotland, as a separ would require approval from National Services Scotland in particular with regard lo data security. raised this issue al the Scottlsh clinlcal le8d5 meeting and has asked the head of setvice lo di National Services Scotland. There has been no update on this suggestion during 2024 but il is to be hoped that the national iewew of hyperbaric seNS currenuy taking place will include Consideration of how to collect and analyse approprTale cllnical data.
ORKNEY HYPERBARIC TRUST DIRECTORS, REPORT (INCLUDING DIRECTORS, REPORT) (CONTINUED) FOR THE YEAR ENDED 31 DECEMBER 2024 National Desl nation As detailed In prewou8 reporls the hyperb8rfc service In Scotland is a nallonally designated semce. This structura has consisted of three centros, Aberdeen, Orkney 8nd Oban. The servS¢e in Oban was suspended iti March 2024 and the future structure of the hyperbaric network is currently under review as detalled above. All health boards in Scotland are 'top-sliced' lo fund nationally designated speaalisl services bul they no longer Meet ilemised individual treatment costs of Scott¢sh residents treated at Scottish treatment facilities. NHS England transfers bltsck payment lo National Services Scotland for the treatment of Engllsh divers. A share of the central funding is d151ribuled to Orkney land fomierfy to Oban) through NHS Grampian tsn a contract basis. This system has been considerably le8$ bureaucratic for OHT than billing Individual heallh boards for indivldual treatment costs. The transfer of funding Is made from NSS via Grampian health board to Slromness Surgery. Two thirds of the fundlng e¢eived is transferred to OHT. one third retslned by the surgery forfunding the rnedlcai rota. Acknowled ements The serviee provtded at OHU Is dependent on a tè8m - this Includes ¢harnber staff, nursas, ambuJan¢e Crews switchboard stsff, cleanèr, doctors, MCA staff, RNLI. OHT Direetors and thè CO•operalion and help of dive-boat skippors and Cr3. We a¢knowledg6 and thank them ajl. Financial revlow Incoming resources for the year lotalled £359,735. Total resources expended In the year amounted lo £281242. The charfty reports nel losses on the Investment portfolio of £3.878. Unresfricled funds at 31 December 2024 tolalled £1.628,206. ReseNes policy It is Ihe policy of the charity that unreslrlcted funds whl¢h havé not been designated for a specific use should be maintained at a level equivalent to between three dnd six month's &xpenditure. The directors consider that reserves 81 this level will ensure that. in the event of a signifi¢gnt drop In funding, they will be able to corrtinue the cornpanls current activities while consideration is given lo ways in which additional funds may be raised. Maiorrfsks The directors have assessed the major risks to whith the company is exposed. and are sall8fied that systems arè in place to mitigate &xposure to the major risks. Structure. govemance and management Th8 trust is a charitable company limited by guarantee and governed In 8ccordane& with Ms memorandurn and articles of assoeialion. Tho company was incorpordled on 10th December 2003, and is a registered Scottish charity. Reomitm&nt and appointment of trustees The dlrectors are appointed al the dls(¥elion ofexlsting board membars. Organls8tionalsftuctu The company is managed by the board of direciors who are also the trustees. Any 8lrategi¢ decisions are taken at board mèetings. Induction arny tTrining of lThsfees All directOTS recelve fomial Induction tr8Sning on appointment.
ORKNEY HYPERBARIC TRUST DIRECTORS. REPORT (INCLUDING DIRECTORS, REPORT) (CONTINUED) FOR THE YEAR ENDED 31 DECEMBER 2024 Othermatter None of the dIreOrS has any beneficlal Interest in the company. All of the directors are members of thè company and gvaranlee lo contribute £1 in the event of a winding up. This report is prepared in accordance with the spec481 provisions of Part 15 of the Companies Act 2006 relating lo small companies. The by the Board of Director8. Dale..
ORKNEY HYPERBARIC TRUST INDEPENDENT EXAMINER'S REPORT TO THE DIRECTORS OF ORKNEY HYPERBARIC TRUST I report on the accounts for the year ended 31 Detsmber 2024, whith are sal out on page$ 5 10 12. Respective responslbilltles ol dlrèctojs and èxaminer The directors are responsible for the preparation of the accounts in accordance wllh Ihe temis of the Charities and Ttuslee Investmenl (S¢olland) Act 2005 and the Charities Accounts (Scollandl Regulations 2006. Thg directors consider that the audit requirement of Regulation 70111 (a) lo 1¢) of the Accounts Regulallons does not appty. 11 is my iesponsibility lo examine the accounts as required under sectton 44{11 (cl of Ihe Act and lo stale whether particular matters have come lo my attention. Basis of Indep•nd•nt oxamlnerfs report My examination is carried out in accordance with Regulatson 11 of the Charities Awunts (Scolland) Regulaliony 2006. An èxamination in¢ludes a review of the accounting records kept by the charity and a comparison of the accounts presented with those records. 11 also indude8 consideration of any unusual Items or dlsclosures in the accounts. and seeks explanations from the Iruslees concerning any such matters. Tho procedures undortaken do not provide all the ewdence that would be required in an audit. and consequently I do not express an audlt oplnion on the view given by the accounts. I have carried out such investigations as were ne¢essary lo enable me lo fomi an opinion as lo whefher proper accounting records adequate for the purposes of the charity have been kept and whether the accounts of the charfty were in accordance wlh the accounting records. Independent •xamlnee8 ststsment In connecllon wllh my examination, no matter has come lo my altenbon (a) which gives me reasonable cause lo believe that in any material respect the requirements: (Il lo keep accounllng records in accordance with section 44111 (a) of the 2005Act and Regu18tion 4 of the 2006 Accounts Regu181ions,' and lir) to prepa accounts which accord with the accounting records and comply wlh Regulation 8 of the 2006 Aceo to whic egulations have not been met. or hould be drawn in order lo enable a proper understsnding of the
ORKNEY HYPERBARIC TRUST STATEMENT OF FINANCIAL ACTIVITIES INCLUDING INCOME AND EXPENDITURE ACCOUNT FOR THE YEAR ENDED 31 DECEMBER 2024 Unre$trlcted Unrnstrlcted fvnds lund$ 2024 2023 Notes Income from: Charflable activitles Investments 326.717 33,018 302.121 11,181 Total income 359,735 313,302 Expenditure on". Raislng funds Charitable actlvilies 4.087 277,155 3.926 257,095 Totsl expondlture 281,242 281,021 Nel galnslllosses} on investments io (3.878) 2,543 Net In¢om¢ and mov•ment In funds 74,615 54,824 Re¢onclliation of funds: Fund balancas at 1 January 2024 1,553.591 1,498.767 Fund balances at 31 Dec8mber 2024 1.628.206 1.553,591 The statement of flnanc5al activftTes Includes all gains and losses recogn5sed in the year. All income and expenditure derive from continuing activities. The statement of financlal activilias also complies wlh the requirements for an income and expenditure account under the Companles Act 2006.
ORKNEY HYPERBARIC TRUST BALANCE SHEET AS AT31 DECEMBER 2024 2024 2023 Flxed ass8ts Tangible assets Investments Noto8 12 13 233.965 221,573 242,537 223,528 Currnnt as$ets Debtors Cash at bank 8nd hand 455,538 466.065 14 88.781 1.114.786 64.472 1,028,536 Credltors". amounts falllng due wlthin onè year 1.203,567 1,093,008 15 {30.8991 (5,482) Net ¢urrent a$sets 1.172.668 1,087,526 Net assets 1.628,206 1,553,591 The funds ofthe trust Unrestricted funds 1.628,206 1.553,591 1.628.206 1.553.591 The company is entmed lo the exemptlon from the audlt requirement conlalned in section 477 of thè Companl$s Act 2008. for thè year endod 31 Decembtsr 2024. The directors ad(nowledge their responsibilllies for cx)mplying with the requirements of tha Companies Act 2008 WTth respect lo accounting records and the prèparation of financial statements. The membgrs have not required the company to obtain an audit of its financial stslemenls for the year in questton In accordance with 8edon 476. These finaneial stslements have been prepared in accordan with the provi51ons appllcable lo companies 5ubjeet io the small companies regime. The financial statements were a roved by the directors on...... ctor Company reglstrallon number SC260588 {S¢oUand)
ORKNEY HYPERBARIC TRUST NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2024 ACC4nting polic108 Charfty informatlon Orkney Hyperbaric Trust is a office Is rivate com an rated in Scotland. The reglslered 1.1 Accou ven ion The financial statements have beèn prepared in 8ccord8nce with the trusvs artlcles of association. the Charfties and Trustee Investment (Scotlandl Act 2005, the Charities Accounts {S¢otlandl Regulation$ 2006 la5 amendedl, FRS 102 'The Financial Reportlng Standard applicable in the UK and Républi¢ of Ireland" FRS 102.} and the Charities SORP 'Accounling and Reporting by Charities.. Statement of Recommended Practice applicable lo charities preparing thelr accounts in accordance wlh the Finand81 Reporting Standard applicable in the UK and Republic of Ireland {FRS 102)" (offective 1 January 2019). The trust is a Public Benefrt Entity as defined by FRS 102. The trust has taken advantage of the provisions in the SORP for charftres not to prepare a Statement of Cash Flows. The financtal statements are prepared In sterling. which is the functional currency of the trust. Monetary amounts in these financial slalements are rounded lo the nearest £. The finantial st8tements have been prepared under the h1storic cost convention. The princlpal ae¢ounting policies adopted are sel out below. 1.2 Golng concern Al the time of approving the financial slalemenls, the directors have a reasonable expectation that the trust has adequate SoUrceS lo ¢onlinue in opèrational existen for the foreseeable futu. Thus the dlrector8 continuo to adopt the going concern basis of accounting in preparing the financial stalemenls. 1.3 Charftable fund¥ Unrestricted fvnds 8re availabla for use at Ihg disuetion of the dirg¢tors In furtherance of their charStsble objectives. 1.4 In¢ome Income is recognIs when the trust is legally entllled to 11 after any performance conditions have been mgt, the amounts can be measured reliably. and il is probable that income will be recelved. Income from charitable actlvltlès cons[818 of amounts charge8ble to health boards ond other entllre3 for the provl$ion of the hypgrbarrc f8ulily. Investment Income comprises interest receivable on funds held on deposit. 11 is recognised in the period in which the income is eamed. 1.5 Expenditure Expenditure 18 included in rg$ource$ expended on an accruals basis, incJu¥ive of any VAT whlch cannot be re¢overed. 1.6 Intangible fixed assets other than goodwill Intangibla assets acqulred separately from a bUs1r are recognised at ¢osl and are subsequently measured at cost less accumulated amoitisalion and accumulated Impaimiont losses. Amortisalion is recognised so as lo write off the cost or valuation of assets less thelr residual values over Ihelr usefvl lives on the following bases.. Software 33% 8tralghl line basis
ORKNEY HYPERBARIC TRUST NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 DECEMBER 2024 Accountlng policlo8 Continued) 1.7 Tangibla fixod as$ets Tangibje fixed assets are initially measured at cost and subsequently rneasured at Cost or valuation. nel of depreciallon and any impairment lossès. Depreciation is recognised so 95 lo write off the cost or valuation of assets less their residual values over their useful lives on the following bases- Land and buildlngs Plant and machinery 2% 8lraighl linè basis 5- 10% stralghl line basis The gain or los$ arfsing on the disposal of an asset18 determined as th& dIffenCe betsmeen the sale proceeds and the carrying value of fhe asset, and is recognised in the stslement of financial activities. 1A Flxed asset Investments Fixed asset investments are initialty measured at transact(on price excluding transactlon costs, and are subsequently measured al fair value 81 each rèporting dale. Changes In fair value are recognised in nel incomellexpendilure) for the year. Transaction costs expensed as incurred. 1.9 lfflpalrment of fixed assèts Al each reporting end date, the trust review3 the carry(ng amounts of its tanglble and Inlanglble assets lo delemiine whether there is any indication that those assets have slered an impairmerrt loss. If any such Indication exists, the Tecoverable amount of the asset Is estimated in order lo delem)Ine the extent of the Impaiment loss lrfany). 1.10 Cash and cash equivalents Cash and cash equivalents include cash In hand. depostt8 held at call with banks, other short-term liquid Investments with original maturttltrs of Ihreo rnonths or less, and bank overdrafts. Bank overdrafts are shown within boTrowlng$ In ojrrent Ilabilies. 1.11 Flnanclal instrumènts The trust has elected lo apply th& provlsions of Sectson 11 'Basic Financial Instruments, of FRS 102 to all of tis financial inslrumenls. Financial instrnments aro recognised In the tru$Vs balance sheet when the trust becomes p8ty lo the contractual provisions of the Snstrum8nL Financial assets and liabilities are offset, with Ihe nel amounts présentèd in the finandal statements. when there is a legally enforable right to sel off the recognised amounts and there is an inlenlltsn lo settl& on a net basis or to rèalisè the asset and sellle the Ilability simultsneously. Ba3lc Ilnan¢ialassets Basie financlal assets, which Include debtors and cash and bank balancès, are inftTally measured at transaction price Incjudlng tr8nsa¢lion costs and are subsequently earried at amortlsed ¢osl using the effective interest method unless the arrangement constitutes a financing transaction, where the transaction is rneasured al the present value of the futur& rec&ipts discounted 81 a market rate of interesL Financial ass&l3 dassified as receivabje within one year are not amortised.
ORKNEY HYPERBARIC TRUST NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 DECEMBER 2024 Accounting policles {Continuedl Basle Ilnan¢lallAabilitlg$ Basic financial liabilities, including creditors and bank loans are initially recognised al transaction price unless the arrangement conslitijles a finandng transaction, where the debt in8trumenl is measured al the present value of the fulure payments dlscounled at a market rate of interest Finanaal liabilities ciassified as payable within one year are not amortised. Debt inslnjments arè subsequently Cared at amortisèd cost, using the effective interest rale method. Trade creditors are obligations to pay for goods or services that have beèn acqu1 in the ordinary Ix)urse Of operations from suppliers. Amourts payable are classiffed as current liablltties rf payment is due withln ona year or less. If not. Ihey are presented as non-current liabilitios. Trade creditors are recognised initially al transactSon priea and subsequently measured at amortised ¢ost using th¥ effectlve interést method. Der•¢ognRign of r Inaneial IITabilities Fin8ncial liabilitles arè derecognised when the trusys contractual obThgalions expire or are disd)arged or cancelleil. 1.12 Employ•& benèfits The cost of any unused htsliday entiuemenl Is recognised in the perlod in which the employee's service8 are received. Temiination ben8fits are rècognised immediately as an expense when the trust is demonstrably Mmitted to temiinate the employment of an employee or to provide termination benefits. Critical accounting •¥timat¢$ and judgements In the application ol the trust's accounllng polides. the directors aTe required to make judgements, estimatès and assumptions about the carying amount of assets and liabllilies that are not readlly apparent from other source5. The eslimales and associated assumpllons are based on historical experren¢e and other factors th81 are ¢onsideTed lo be relgv8nt. Actual iesulls may differ fiorn thèse eslimales. The estimates and underfySng assumptions are reviewed on an ongolng basls. Revtsions to accounting eslimales are COgniSed in the period in which the estimate is revised where the revision affects only that perlod, or in the period of the revision and future peTiods where the revlsion affects both cyjrrent and fuiur& periods. Income from ¢harftable aetlvities Unr¢8tr5ctèd funds 2024 Unrestrleted funds 2023 Provislon of hyperbarf¢ faclllty Prowsion of hYperric facility 326.717 302,121 10-
ORKNEY HYPERBARIC TRUST NOTES TO THE FINANCIAL STATEMENTS {CONTINUED) FOR THE YEAR ENDED 31 DECEMBER 2024 Income from Investments UnrÈ$trict•d Unr¢strfcted funds funds 2024 2023 Divtdends and other Ineome from listed 3ecurltl¢s Interèst recelvable 5.874 27,144 6,197 33,018 11,181 ExpenditUTe on raislng funds Unrestrleted UnrestrEet funds funds 2024 2023 Investrnent m8nagomenl 4,087 3,926 Expenditure on ¢harftable actlvities Treatmenl Treatment. education & educatron & resèarch resaarch 2024 2023 Direct eo¥ts Depreualion and impalmienl Operating contract Nursing cover Operatlng repalrs Gases Heat an¢J light Oth8rdirect eosts 28,265 144.$40 42.768 26,796 2.941 3,838 28,007 27,804 149.668 39,833 1,372 3.243 3,089 32,08e 277.155 257.095 Anatysls by fund Unrestricted funds 277.155 257.095 Expenditure on charitable acttvities Incjudes the sum of £2.24812023: £2,040) chargeable by the independent examlner in respect of accoun15 preparation and independent examination servic&$.
ORKNEY HYPERBARIC TRUST NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 DECEMBER 2024 Net movèment in funds 2024 2023 The net movement in fvnd8 18 staled after d)argingl{credi1Sngl- Depre¢ialion of owned tangible t7xed assets 28.285 27,804 Dlr•Gtor8 None of the directors (or any persons connected with them) received any remuneration dutfjng the year. Employees The average monthly number of employees durtng the year was: 2024 Number 2023 Number Total There were no employees whose annual remuneration was more than £80.000. 10 Galns and losses on Investmènts Unrnstrlcted Unrestrlet fijnds funds 2024 2023 Galnsl{lossesl arising on.. Revaluation of investments Sale ol investments 13,6381 (240) 8,364 (5.8211 13.878} 2.543 11 Taxatlon The charitable company is exgmpl from ¢orporalion lax as all its income 1$ tharTtable and Is applied for charitable purposes. 12
ORKNEY HYPERBARIC TRUST NOTES TO THE FINANCIAL STATEPdJENTS (CONTINUED) FOR THE YEAR ENDED 31 DECEMBER 2024 12 Tangible fixed assets Land and bulldlny$ Plant and machlnery Total Cost Al 1 January 2024 Additsons 88,161 18,882 575,058 811 663,219 19,693 At 31 December 2024 107.043 575.869 682.912 Oepreclation and lmpalrnt At l January 2024 D¢prec4ation charged in the year 22.912 2.140 397.770 26,125 420.682 28.265 At 31 December 2024 25,052 423.895 448,947 Carrying amount At 31 December 2024 81.991 151,974 233,965 At 31 December 2023 65,249 177,286 242.537 13 FIx*41 a55et Investments Listod InVtrnents Cash In porttolio Total Co$t or valuation At 1 January 2024 Addttions Valuation changes Oisposals 209,329 5S,549 13,6381 144,549) 14,199 50.183 223,528 105,732 13,6381 1104,049) 159,5001 At 31 Dmber 2024 216,691 4,882 221,573 Carrying amount Al 31 December2024 218,691 4.882 221.573 At 31 December 2023 209.329 14,199 223,528 14 Debtors 2024 2023 Amounts falllng due within yèar: Trade debloT3 Other debtors Prepayments and accrued Incorne 65,562 18,882 4,337 60,222 4.250 88,781 64,472 13-
ORKNEY HYPERBARIC TRUST NOTES TO THE FINANCIAL STATEMENTS {CONTINUED) FOR THE YEAR ENDED 31 DECEMBER 2024 15 Craditors: amounts falling due within one yéar 2024 2023 Trade ueditors Accruals and deferred Income 26,709 4,190 1.199 4,283 30,899 5,482 16 Unrestricted fund$ The unrèstricted lunds of th6 chadty comprise the unexpended balances of donatl()ns and grants whlch are not subject to specific conditions by donoTS and grantors as lo how they may be used. These include designaled funds which have been sel aside out of unrestrided fur)ds by the trustees for specific purposes. At 1 January 2024 Incomlng Resources r•sourc•$ expended Galns and losses At31 December 2024 General funds 1,553.591 359,735 1281,242) {3.878) 1,628.206 Prèvious year At 1 January 2023 In¢omlng Resour¢es resources expended Galn$ and losses At31 Decèmber 2023 General funds 1,498.767 313,302 (261,0211 2,543 1,5S3,597 17 Operating lease commitments L•s#ee At the reporting end dale the trust had outstanding commllments for future mlnimum lease payment8 under non-canc8llable operating leas•$, which fall due as follows.. 2024 2023 thin one y&ar 2,436 18 Related party transa¢tion$ There were no disclosable related paity transactions during the year. 14-