Registered charity number 1073581
Manchester Neurological Research Trust Fund
Annual Report and Receipts And Payments Accounts
for the year ended 5 April 2025
Manchester Neurological Research Trust Fund Report of the Trustees for the year ended 5 April 2025
The Trustees present their annual report and unaudited financial statements for the year ended 5 April 2025.
Reference and Administrative Information
Charity name
Manchester Neurological Research Trust Fund
Charity Registration Number 1073581 Registered Office Cerebral Function Unit Manchester Neuroscience Centre Salford Royal NHS Foundation Trust Salford M6 8HD
Trustees
Dr Anna Richardson Dr Matthew Jones Dr Christopher Kobylecki
Key management personnel
The charity has no employees. Management is provided by the board of trustees
Independent Examiner
Paul Cowham MA FCA DChA Withington Works Withington Baths 30 Burton Road Manchester, M20 3EB
Bankers
Adam & Company 6 Adelaide Street London WC2N 4HZ
Coutts Bank 440 Strand London WC2
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Manchester Neurological Research Trust Fund Report of the Trustees for the year ended 5 April 2025
Structure, governance and management
Company status
The charity is an unincorporated charity constituted under a trust deed dated 28 December 1953.
Governing document
The charity's governing document is a trust deed dated 28 December 1953.
Recruitment and appointment of Trustees
Appointment of other trustees is at the discretion of the serving trustees. Training would be offered to new trustees by the existing trustees.
All decisions made on behalf of the charity are made by the trustees.
Risk Management
The trustees have conducted their own review of the major risks to which the charity is exposed and systems have been established to mitigate these risks. These procedures are periodically reviewed to ensure that they still meet the needs of the charity.
Objectives and activities
Objects and aims
The objectives and activities of the charity are research and scientific investigation into the causation, prevention, diagnosis and treatment of illness resulting from disease of the nervous system. The focus of the Trust’s activities is on dementia research. The Charity supports clinically based research as well as collaborative research with basic scientists from national and international academic research centres.
The trustees confirm that they have referred to guidance contained in the Commission's General Guidance on public benefit when reviewing the Trust's aims and objectives and in planning future activities and setting the grant making policy for the year.
Achievements and performance
The group continues to be actively involved in a number of different clinical & clinicopathological research projects related to the dementias & related neurodegenerative disorders.
The charity also funds a research assistant with the cerebral function unit at the Manchester Neurosciences Centre. The post includes updating and maintenance of our clinical research database and provides essential support for research study recruitment by screening clinics for suitable participants in ongoing studies, data collection, preparation and analysis for current research projects.
The charity sponsored the presentation of research at the international frontotemporal dementia conference, including work on behaviour & cognition in frontotemporal dementia, apraxia phenotypes in frontotemporal lobar degeneration and progressive aphasia.
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Report of the Trustees for the year ended 5 April 2025
Manchester Neurological Research Trust Fund
Financial review and reserves policy
During the year the charity received donation income of £547 (2024: £2,893), investment income of £32,605 (2024: £30,985). £6,186 (2024: £nil) was used in furtherance of the charity's objectives.
The charity had cash reserves of £240,316 as at 5 April 2024 (2024: 211,339). The trustees recognise that this is in excess over what it needs and are planning on ways to spend this in advance of the charity’s objects. This should help bring reserves down to a more realistic level.
S tatement of Trustees’ responsibilities
Law applicable to charities in England and Wales requires the trustees to prepare financial statements for each financial year which give a true and fair view of the charity's financial activities during the period and of its financial position at the end of the period. In preparing financial statements giving a true and fair view, the trustees should follow best practice and:
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Select suitable accounting policies and then apply them consistently;
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Observe the methods and principles in the Charities SORP;
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Make judgements and estimates that are reasonable and prudent;
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State whether applicable UK Accounting Standards and statements of recommended practice have been followed, subject to any material departures disclosed and explained in the financial statements[
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Prepare the financial statements on the going concern basis unless it is inappropriate to presume that the charity will continue in operation.
The trustees are responsible for keeping proper accounting records that disclose with reasonable accuracy at any time the financial position of the charity and enable them to ensure that the financial statements comply with the Charities Act 2011. They are also responsible for safeguarding the assets of the charity and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities.
The trustees are responsible for the maintenance and integrity of the charity and financial information included on the charity’s website in accordance with legislation in the United Kingdom governing the preparation and dissemination of financial statements.
Approved by the Trustees and signed on their behalf by:
ARichardson …………………………… Dr Anna Richardson
10/04/2026
…………………………… Date
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Independent Examiner’s Report to the Trustees of
Manchester Neurological Research Trust Fund
I report on the accounts of the charity for the year ended 5th April 2025 which are set out on pages 5 to 6.
Respective responsibilities of trustees and examiner
The trustees are responsible for the preparation of the accounts. The trustees consider that an audit is not required for this year under section 43(2) of the Charities Act 2011 (the 2011 Act) and that an independent examination is needed.
Having satisfied myself that the charity is not subject to audit under charity law and is eligible for independent examination, it is my responsibility to:
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examine the accounts under section 145 of the 2011 Act;
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to follow the procedure laid down in the general Directions given by the Charity Commission under section 145 (5)(b) of the 2011 Act; and
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to state whether particular matters have come to my attention.
Basis of independent examiner’s report
My examination was carried out in accordance with general Directions given by the Charity Commission. An examination includes a review of the accounting records kept by the charity and a comparison of the accounts presented with those records. It also includes consideration of any unusual items or disclosures in the accounts, and seeking explanations from you as trustees concerning any such matters. The procedures undertaken do not provide all the evidence that would be required in an audit, and consequently no opinion is given as to whether the accounts present a ‘true and fair view’ and the report is limited to those matters set out in the statement below.
Independent examiner’s statement
In the course of my examination, no matter has come to my attention:
(1) which gives me reasonable cause to believe that in any material respect the requirements:
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to keep accounting records in accordance with section 130 of the 2011 Act; and
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to prepare accounts which accord with the accounting records and comply with the accounting requirements of the 2011 Act
have not been met; or
(2) to which, in my opinion, attention should be drawn in order to enable a proper understanding of the accounts to be reached.
Paul Cowham FCA DChA Withington Works Withington Baths 30 Burton Road Manchester, M20 3EB
Date ………………………
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Manchester Neurological Research Trust Fund
Year ending 5 April 2025
Receipts and Payments Accounts
| 2025 Unrestricted funds Receipts £ Bank interest 2,999 Investment income 32,605 Donations 547 Sale of investments - Total receipts Payments Research activities Research tools 2,757 Conference fees 2,857 CFU website 572 Pathological processing - PHD study - Administrative costs Portfolio management fees - Independent examiner's fees 750 Legal and professional fees - Bank charges 22 Just giving charges 216 Total payments Net of receipts/(payments) Cash funds last year end Cash funds this year end |
2024 Unrestricted funds £ 2,592 30,835 2,893 - 36,151 - - - - - 6,186 - 750 - 10 232 988 7,174 28,977 211,339 240,316 |
|
|---|---|---|
| 36,320 | ||
| - | ||
| 992 992 |
||
| 35,328 176,011 |
||
| 211,339 |
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Manchester Neurological Research Trust Fund
Year ending 5 April 2025
Statement of assets and liabilities at the end of the year
| Notes Cash funds Bank balances 1 Cash held by investment managers Investment assets Assets retained for the charity's own use Research laptop Microscopy equipment Liabilities Professional fees 32512.298 M&G Charifund Units, market value at 31 March 2025 £493,634 (31 March 2024 £473,405) 115423.7 Brown and Shipley Growth 1 Fund Units, market value at 31 March 2025: £248,808 (31 March 2024: £247,703) 14 Smith and Nephew US$20 shares |
2025 Unrestricted funds £ 240,301 15 240,316 Cost 172,909 140,484 12 313,405 Cost 774 4,000 4,774 1,500 |
2024 Unrestricted funds as restated £ 211,324 15 |
|---|---|---|
| 211,339 | ||
| Cost 172,909 140,484 12 |
||
| 313,405 | ||
| Cost 774 4,000 |
||
| 4,774 | ||
| 1,500 |
Signed on behalf of the trustees:
Dr Anna Richardson ARichardson
Name Signed
10/04/2026
Date
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