for the Period Ended 31 March 2021
Directors report | |
Profit and loss | |
Balance sheet | |
Additional notes | |
Balance sheet notes | |
Community Interest Report |
Directors' report period ended
The directors present their report with the financial statements of the company for the period ended 31 March 2021
Principal activities of the company
Additional information
Performance, impact of Covid-19 and Going ConcernThe business has been significantly impacted by Covid-19 and government restrictions during the year. Where it has been possible to open and offer facilities for training and development to NHS, we have done so in response to demand. Covid-secure measures were implemented, reviewed and remain in place. The safety and wellbeing of our customers and the staff employed by Vacherin who work in the ORTUS remains a primary concern. We also took action on a number of cost reduction initiatives, including working with Vacherin to furlough their ORTUS staff. We minimised running costs to the lowest possible level while retaining the ability to restart operations as soon as it was possible to do. We have kept cash flow and balances under constant review, including scenario planning for events which might adversely affect the business. Our parent charity has reaffirmed its support for MCT. The size and flexibility of the offer at the ORTUS and the ongoing relationship with our primary customer leads us to believe that the demand for room hire will return as soon as government restrictions are lifted. Therefore, while the situation is still evolving, the directors have strong evidence that MCT is a going concern.
Directors
The directors shown below have held office during the whole of the period from
1 April 2020 to 31 March 2021
The director shown below has held office during the period of
1 June 2020 to 31 March 2021
The above report has been prepared in accordance with the special provisions in part 15 of the Companies Act 2006
This report was approved by the board of directors on
And signed on behalf of the board by:
Name:
Status: Director
for the Period Ended
2021 | 2020 | |
---|---|---|
| £ | £ |
Turnover: | | |
Cost of sales: | ( | ( |
Gross profit(or loss): | | |
Administrative expenses: | ( | ( |
Operating profit(or loss): | ( | ( |
Interest receivable and similar income: | | |
Profit(or loss) before tax: | ( | ( |
Profit(or loss) for the financial year: | ( | ( |
As at
Notes | 2021 | 2020 | |
---|---|---|---|
| £ | £ | |
Called up share capital not paid: | | | |
Fixed assets | |||
Intangible assets: | 3 | | |
Tangible assets: | 4 | | |
Investments: | | | |
Total fixed assets: | | | |
Current assets | |||
Stocks: | | | |
Debtors: | 5 | | |
Cash at bank and in hand: | | | |
Total current assets: | | | |
Creditors: amounts falling due within one year: | 6 | ( | ( |
Net current assets (liabilities): | | | |
Total assets less current liabilities: | | | |
Total net assets (liabilities): | | | |
Capital and reserves | |||
Called up share capital: | | | |
Profit and loss account: | ( | ( | |
Total Shareholders' funds: | | |
The notes form part of these financial statements
This report was approved by the board of directors on
and signed on behalf of the board by:
Name:
Status: Director
The notes form part of these financial statements
for the Period Ended 31 March 2021
Basis of measurement and preparation
Turnover policy
Tangible fixed assets depreciation policy
Intangible fixed assets amortisation policy
Other accounting policies
for the Period Ended 31 March 2021
2021 | 2020 | |
---|---|---|
Average number of employees during the period | | |
for the Period Ended 31 March 2021
Goodwill | Other | Total | |
---|---|---|---|
Cost | £ | £ | £ |
At 1 April 2020 | | | |
Additions | |||
Disposals | |||
Revaluations | |||
Transfers | |||
At 31 March 2021 | | | |
Amortisation | |||
At 1 April 2020 | | | |
Charge for year | | | |
On disposals | |||
Other adjustments | |||
At 31 March 2021 | | | |
Net book value | |||
At 31 March 2021 | | | |
At 31 March 2020 | | |
for the Period Ended 31 March 2021
Land & buildings | Plant & machinery | Fixtures & fittings | Office equipment | Motor vehicles | Total | |
---|---|---|---|---|---|---|
Cost | £ | £ | £ | £ | £ | £ |
At 1 April 2020 | | | | | ||
Additions | | | | |||
Disposals | ( | ( | ||||
Revaluations | ||||||
Transfers | ||||||
At 31 March 2021 | | | | | ||
Depreciation | ||||||
At 1 April 2020 | | | | | ||
Charge for year | | | | |||
On disposals | ( | ( | ||||
Other adjustments | ||||||
At 31 March 2021 | | | | | ||
Net book value | ||||||
At 31 March 2021 | | | | | ||
At 31 March 2020 | | | | |
for the Period Ended 31 March 2021
2021 | 2020 | |
---|---|---|
£ | £ | |
Trade debtors | | |
Prepayments and accrued income | | |
Total | | |
for the Period Ended 31 March 2021
2021 | 2020 | |
---|---|---|
£ | £ | |
Trade creditors | | |
Taxation and social security | | |
Accruals and deferred income | | |
Other creditors | | |
Total | | |
The main business activity of Maudsley Charity Trading CIC, for the financial year to 31 March 2021 has been maintaining the venue management business operated from the ORTUS, an award-winning learning and events Centre. The ORTUS has 1500sqm of dedicated space in the centre of the campus of the South London and Maudsley (SLaM) and Kings College Hospitals, the home of internationally recognised centres of excellence in care and research. The Institute of Psychiatry, Psychology and Neuroscience and Kings College London are also nearby the campus.The ORTUS was built by Maudsley Charity, a charity focused on the improvement of mental health in the South London area. Maudsley Charity is also based in the building. Maudsley Charity Trading CIC is a wholly owned subsidiary of the Maudsley Charity.The company has appointed an agent to oversee the day-to-day running of ORTUS operations. Vacherin Limited managed the building, conference facilities and catering operation (including a public cafe on the premises) on behalf of the company for the entire financial year. Vacherin are paid a management fee for this service.
No consultation with stakeholders
No remuneration was received
No transfer of assets other than for full consideration
This report was approved by the board of directors on
19 July 2021
And signed on behalf of the board by:
Name: Rebecca Gray
Status: Director