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REGISTERED COMPANY NUMBER: 06773681 (England and Wales)
REGISTERED CHARITY NUMBER: 1131664














Report of the Trustees and

Unaudited Financial Statements for the Year Ended 31 March 2024

for

The Optimum Health Clinic Foundation

The Optimum Health Clinic Foundation






Contents of the Financial Statements
for the Year Ended 31 March 2024




Page

Report of the Trustees 1 to 2

Independent Examiner's Report 3

Statement of Financial Activities 4

Balance Sheet 5 to 6

Notes to the Financial Statements 7 to 10

The Optimum Health Clinic Foundation (Registered number: 06773681)

Report of the Trustees
for the Year Ended 31 March 2024


The trustees who are also directors of the charity for the purposes of the Companies Act 2006, present their report with the financial statements of the charity for the year ended 31 March 2024. The trustees have adopted the provisions of Accounting and Reporting by Charities: Statement of Recommended Practice applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) (effective 1 January 2019).

OBJECTIVES AND ACTIVITIES
Objectives and aims
The Optimum Health Foundation was established to invest in research projects that support the people suffering from ME and Chronic Fatigue and chronic related illnesses

Volunteers
A big thank for all our volunteers that generously donate their time this year.

ACHIEVEMENT AND PERFORMANCE
Significant activities
Following a period of transition over the last two years and the subsequent restructure of the Board of Trustees, the Charity has been repositioned as a grantmaker, awarding research grants to postgraduate research studies specifically on ME/CFS/chronic pain, in alignment with the objectives of the Charity. The process has seen a number of approaches and conversations with various UK based universities and after significant discussions, the Board approved two grants to be made to two postgraduate students of the University of Edinburgh.The grants were awarded to the two students following a robust review process including their supervisor and the Board of Trustees who are receiving updates as the projects progress.
The research projects are:

1) Researching epidemiological trends in ME patients in collaboration with Dataloch, a safe data environment, and with colleagues at School of Mathematics and Informatics. There is currently no public data on the incidence, severity of disease or risk factors for ME patients available in Scotland. The outcome of this research will inform future analyses on how a diagnosis of ME can affect long term health related outcomes such as child bearing, development of comorbidities, and mortality.
2) Researching two previously identified genes that may be linked to ME/CFS. The student published a paper on a case study (one patient with an ME-like condition) where they found that a variant of these genes may disturb the balance of neurosteroid hormones. Neurosteroid hormones affect many functions of the body and brain, and if this balance is disturbed then it may be a cause of ME/CFS symptoms. So, if proven, their observation could be developed into a diagnostic test for ME/CFS in the subset of patients who have this genetic variant. Their proposed research will analyse hundreds of blood samples to find out if the genetic and biochemical abnormalities discovered in her one patient study are reflected in a large group.

Fundraising activities
We have seen some modest donations made which have been gratefully received and will form the grants awarded to future postgraduate research students as listed below.

FINANCIAL REVIEW
Reserves policy
Half of the monies have been disbursed by way of grants to the postgraduate research students with the remainder to be awarded during the next year.


The Optimum Health Clinic Foundation (Registered number: 06773681)

Report of the Trustees
for the Year Ended 31 March 2024

FUTURE PLANS
The Charity is looking to award the remainder of its funds to postgraduate students to invest in critical research that furthers the understanding of ME/CFS and chronic related illnesses in the upcoming financial year.

STRUCTURE, GOVERNANCE AND MANAGEMENT
Governing document
The charity is controlled by its governing document, a deed of trust, and constitutes a limited company, limited by guarantee, as defined by the Companies Act 2006.

REFERENCE AND ADMINISTRATIVE DETAILS
Registered Company number
06773681 (England and Wales)

Registered Charity number
1131664

Registered office
Gainsborough Studios
1 Poole Street
London
N1 5EB

Trustees
I N Hatton Director
G A Gratrix Director
A Howard Director
G Lee Director

Company Secretary

Independent Examiner
ACL & Co
Chartered Certified Accountants
The Coach House
1 Howard Road
Reigate
RH2 7JE

This report has been prepared in accordance with the special provisions of Part 15 of the Companies Act 2006 relating to small companies.

Approved by order of the board of trustees on 5 February 2025 and signed on its behalf by:





A Howard - Trustee

Independent Examiner's Report to the Trustees of
The Optimum Health Clinic Foundation

Independent examiner's report to the trustees of The Optimum Health Clinic Foundation ('the Company')
I report to the charity trustees on my examination of the accounts of the Company for the year ended 31 March 2024.

Responsibilities and basis of report
As the charity's trustees of the Company (and also its directors for the purposes of company law) you are responsible for the preparation of the accounts in accordance with the requirements of the Companies Act 2006 ('the 2006 Act').

Having satisfied myself that the accounts of the Company are not required to be audited 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 carrying out my examination I have followed the Directions given by the Charity Commission under Section 145(5) (b) of the 2011 Act.

Independent examiner's statement
I have completed my examination. I confirm that no matters have come to my attention in connection with the examination giving me cause to believe:

1. accounting records were not kept in respect of the Company as required 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 independent 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 preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102)).

I have no concerns and have come across no other matters in connection with the examination to which attention should be drawn in this report in order to enable a proper understanding of the accounts to be reached.








Ian Lee FCCA

ACL & Co
Chartered Certified Accountants
The Coach House
1 Howard Road
Reigate
RH2 7JE

Date: .............................................

The Optimum Health Clinic Foundation

Statement of Financial Activities
for the Year Ended 31 March 2024

31.3.24 31.3.23
Unrestricted Restricted Total Total
fund fund funds funds
Notes £    £    £    £   
INCOME AND ENDOWMENTS FROM
Donations and legacies 281 - 281 971

Other trading activities 2 - - - 25
Total 281 - 281 996

EXPENDITURE ON
Charitable activities 3
Core Activities 282 - 282 396

NET INCOME/(EXPENDITURE) (1 ) - (1 ) 600


RECONCILIATION OF FUNDS
Total funds brought forward 37,472 - 37,472 36,872

TOTAL FUNDS CARRIED FORWARD 37,471 - 37,471 37,472

The Optimum Health Clinic Foundation (Registered number: 06773681)

Balance Sheet
31 March 2024

31.3.24 31.3.23
Unrestricted Restricted Total Total
fund fund funds funds
Notes £    £    £    £   
CURRENT ASSETS
Cash at bank 37,472 - 37,472 37,473

CREDITORS
Amounts falling due within one year 6 (1 ) - (1 ) (1 )

NET CURRENT ASSETS 37,471 - 37,471 37,472

TOTAL ASSETS LESS CURRENT
LIABILITIES

37,471

-

37,471

37,472

NET ASSETS 37,471 - 37,471 37,472
FUNDS 7
Unrestricted funds 37,471 37,472
TOTAL FUNDS 37,471 37,472

The charitable company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2024.


The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2024 in accordance with Section 476 of the Companies Act 2006.


The trustees acknowledge their responsibilities for
(a)ensuring that the charitable company keeps accounting records that comply with Sections 386 and 387 of the Companies Act 2006 and
(b)preparing financial statements which give a true and fair view of the state of affairs of the charitable company as at the end of each financial year and of its surplus or deficit for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the charitable company.


The Optimum Health Clinic Foundation (Registered number: 06773681)

Balance Sheet - continued
31 March 2024

These financial statements have been prepared in accordance with the provisions applicable to charitable companies subject to the small companies regime.


The financial statements were approved by the Board of Trustees and authorised for issue on 5 February 2025 and were signed on its behalf by:





A Howard - Trustee

The Optimum Health Clinic Foundation

Notes to the Financial Statements
for the Year Ended 31 March 2024

1. ACCOUNTING POLICIES

Basis of preparing the financial statements
The financial statements of the charitable company, which is a public benefit entity under FRS 102, have been prepared in accordance with the Charities SORP (FRS 102) 'Accounting and Reporting by Charities: Statement of Recommended Practice applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) (effective 1 January 2019)', Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland' and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.

Income
All income is recognised in the Statement of Financial Activities once the charity has entitlement to the funds, it is probable that the income will be received and the amount can be measured reliably.

Expenditure
Liabilities are recognised as expenditure as soon as there is a legal or constructive obligation committing the charity to that expenditure, it is probable that a transfer of economic benefits will be required in settlement and the amount of the obligation can be measured reliably. Expenditure is accounted for on an accruals basis and has been classified under headings that aggregate all cost related to the category. Where costs cannot be directly attributed to particular headings they have been allocated to activities on a basis consistent with the use of resources.

Taxation
The charity is exempt from corporation tax on its charitable activities.

Fund accounting
Unrestricted funds can be used in accordance with the charitable objectives at the discretion of the trustees.

Restricted funds can only be used for particular restricted purposes within the objects of the charity. Restrictions arise when specified by the donor or when funds are raised for particular restricted purposes.

Further explanation of the nature and purpose of each fund is included in the notes to the financial statements.


The Optimum Health Clinic Foundation

Notes to the Financial Statements - continued
for the Year Ended 31 March 2024

2. OTHER TRADING ACTIVITIES
31.3.24 31.3.23
£    £   
Fundraising events - 25

3. CHARITABLE ACTIVITIES COSTS
Support
Direct costs (see
Costs note 4) Totals
£    £    £   
Core Activities 198 84 282

4. SUPPORT COSTS
Finance
£   
Core Activities 84

Support costs, included in the above, are as follows:
31.3.24 31.3.23
Core Total
Activities activities
£    £   
Insurance - 96
Bank charges 84 84
84 180

5. TRUSTEES' REMUNERATION AND BENEFITS

There were no trustees' remuneration or other benefits for the year ended 31 March 2024 nor for the year ended 31 March 2023.


Trustees' expenses

There were no trustees' expenses paid for the year ended 31 March 2024 nor for the year ended 31 March 2023.



The Optimum Health Clinic Foundation

Notes to the Financial Statements - continued
for the Year Ended 31 March 2024

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.3.24 31.3.23
£    £   
Other creditors 1 1

7. MOVEMENT IN FUNDS
Net
movement At
At 1.4.23 in funds 31.3.24
£    £    £   
Unrestricted funds
General fund 37,472 (1 ) 37,471

TOTAL FUNDS 37,472 (1 ) 37,471

Net movement in funds, included in the above are as follows:

Incoming Resources Movement
resources expended in funds
£    £    £   
Unrestricted funds
General fund 281 (282 ) (1 )

TOTAL FUNDS 281 (282 ) (1 )


Comparatives for movement in funds

Net
movement At
At 1.4.22 in funds 31.3.23
£    £    £   
Unrestricted funds
General fund 36,872 600 37,472

TOTAL FUNDS 36,872 600 37,472

The Optimum Health Clinic Foundation

Notes to the Financial Statements - continued
for the Year Ended 31 March 2024

7. MOVEMENT IN FUNDS - continued

Comparative net movement in funds, included in the above are as follows:

Incoming Resources Movement
resources expended in funds
£    £    £   
Unrestricted funds
General fund 996 (396 ) 600

TOTAL FUNDS 996 (396 ) 600

8. RELATED PARTY DISCLOSURES

There were no related party transactions for the year ended 31 March 2024.