Company rewstrdtion number: 04501975 CharTty rwtratlon number: 1095695 The Multiple Sclerosis Therapy Centre (NW) Limited IA companylimited by guarantee) Annual Report and Finandal Ststements for thè Year Ended 31 De￿nber 2023 The Moffttts Parthershlp LLP Charte￿d Accountsnts Sulte 1.1. Jackson House Slbson Road Sale M337RR The Muftlple Sclerosls Therapy Centre (NW) Umlted Contents Referencè and PAlmlnlstraY¥e Dets115 Ito2 Tntstees, Reprt Statem*)t of Tn￿ee5, Re5ponslbiNiles Indépindént &8mkne¢s Report Statement of Flnandal Pthltles Balance Sheet ststement ofcash Flow5 Notes to the Flnandal Ststements lito26 The Multiple Sderosis Therapy Centre {NW) Llmited Referen￿ and AdmSnlstrntlve Detalls Trust••5 ACGllb M OJnLy S Utilty. 3tst May 20241 8 Slmp50n N D Tetteh O G Hodklnson AH A C Gllbody thjrtty R¥htr*tlon Numb 1095695 Compjny Rqlstrndon NwnlKr 04501975 The charlty Is Incowporated In 8radlx•ry House 6 Ellza Ann Sireet Ecdes Manchester M300GL Ist•red Olftc• Ind•pend•nt Emmlner Moffatts Partnewshlp LLP C14rtered Accountsnts Sulte 1.1. Jack50n House 51bson Road Sa M337RR 5•ndtors: North ￿nIeV Halllwell 34. 42 ae88 Street Oldham OLI IPS Pa8e I The Multiple Sclerosis Therapy Centre (NW) Umltsd Reference and Admlnistrative Details Bgnkers HSBC PIC VlllaBe Way Tfafford Park Manchestsr M17 IBP Bafclays 8ank PLC Manche5tsr aty Offlce 51 Mosley Street Manchester M23HQ M•n¢hester Bulldln8 Soclety 125 Portland Street Manchestsr M14QD Hampshlre Trust 8ank PO Box 74003 London EC2P 2aR Pa8e 2 The Multiple Sderosis Therapy Centre (NW) Limlted Trustees. Report trustees, who are dlrectors for the purp05e5 of company law, present the annual report together wlth the financlal staternents of the charitsble company for the year erbded 31 December 2023. Strurturej go¥ernan¢e and management Noture of govenllno dt>¢ument The M(tltlple Sderosls Therapy Centre INWI Llmited is a company Ilmited by 8uarantee arKI Is a re8lstered charlty. The charltyls governed by Its Memorandum and Articles of A550dation. Aecrultmentand¢yJpolnknentoAtrustees The trustees may appoint a person who is willin8 lo act as a trustee elther to fill a vacancy or as an addltlonal trustee provided that the appolntment does not cause the number of trustees to exceed any fixed number by or in accordance with the articles as the maxlmum number of trustee5. Indurtlon and trclnlng of trustees New trustees are provided wlth ternis of feference and a pack of Inforrn8lEon relatlng to the constltutlon* govemance and operatlon of the trust. The ch¥rlty Is managed by the Trustees Mana8ement Commlttee which comprises the company director5. The committee, whlch meets on è re8ular basls sets the stratsBlc dlrectlon of the charity. a8ree an annual budgeL and monitors perfomiance agalnst the bud8eL Compary dlrectors are appointed by election as the Annual General Meetln8 each year. Certaln functlonal responsibilities le.8. personnel, finarKe, IT. therapiesl have been delegated to sub commlttees who report to the Trustees Management Commlttee on their actNities. Day to day management of the Ch?rlty Is delegated to the Centre Manager. Molorrlsks andmonagementof those rlsks General Rlsk The Trustees ha￿ asse55ed the risks to whlch the charSty Is exposed. The Trustees belleve that by monitoring and maintsinlng ￿SelveS at the approprlate level and re8ularty reviewlr¥ controls in respert of fi￿n¢la1 systems. they have estsblished effedive systerns to mitrgate rSsks. ObJedlve5 and acd¥ltles ObJele them to ensure ttrkit the financial Matements comply wlth the Companies Act 2006. They are also responsible for safe8uarthn8 the assets of the tharitable company and hence for t3kin8 reaspnable steps kn the prevention and detecti￿ of frawl and otr*r irregularit￿> The trustees are responslble for the mainténance and inttyity of the corporate aThl financial informall￿ induded on the charltsble companvs website. Le8tslation gov8n1￿ the prepardtion and dissemination of finantial ststements may differ from le8tslation in luiisdlction& Appf¢)ved ￿ the trustees ofthe charityon 19 September 2024 and syd on its behalf br. A Hughe Trus age6 The Multiple Sclerosls Therapy Centre (NW) Limited Independent Examiner's Report to the trustees of The Multlple Sder05b Therapy Centre (NW) Limited (Ihe Companw) I report to the tharity trustees on my examlnatlon ofd* acCO￿ts ofthe Company for the ye¥ ended 31 December 2023. Rwonslbllhles and basls ol report As the charitvs trustees of the Company (and also Its dlrectors lor the pUn￿se$ of company13wI you are responslble for the preparation ofthe accounts in accordance the requirements of tr* Companies Act 2006 llhe Xi16 AcV}. Havtng satlsfied myself that the accounts of the Company are not requlred to be audlted under Part 16 of the 2(￿6 Act and are eligible for independent exawunatlon. I rem in respert of my examThtion of your charws accounts as carrfed out under sectlon 145 of the Charltles kt 20111.the 2011 ACVI. In tarryln8 my eyamlr4t•on I have fdlowed the Directions glven by the Charlty Commtsston urmler section 145ISXbl ofthe 2011 kL lfidependent examlh&s statefflwt Slnce the Company's Bross income exceeded £250.￿) your examlner must be a Member of a body listed in section 145 of the 2011 ACL I confimi that l am qualIf￿1 to undertake the examinaiim beCa￿e l am a member of the Instityte of Chartered Accountants in England and Wales. whkh Is one of the listed bodle& I have completed my examlnafjon. I co)firni that no matters have Come to my attention in connertion wlth the examlnatlon 8ivrn8 me cause io belie4t: L accounting records w&e not kept ifft ￿SpeCt of The Multiple Sderosis TheTrpy Centre INWI Umited a5 weqiired by sertlon 386 of the 2Ci16 Act: or 2. the accounts do not accord with those records; or 3. the accounts do not compty with the aC￿￿ntIng req￿rernents ofsettion 396 of the 2006 kt other than any ￿q￿TernQnt that accounts 8i¥e a'true and falr which is not a matter consIde￿d as part of an independent examinatlon: or 4. the accounts ha¥e not been prepared In accordance the mettr#)ds aftd princlples of the Statement of Recommended Prartice for account[￿ arKI reportin8 by th¥lties [aP￿1¢able to charities wep3rin8 their accounts in accordance with the Flnancial Reportin8 Stsndard ap￿1¢a￿e in the UK and Republic of Ireland IFRS 10211. I have no concems and come across no other rnatters in connecdon with tr* examination to which attenkn SI￿Uld be drawn In thls rewi in order tt> eTh￿Ie a proper ￿￿erStandI￿A ofthe accounts to be reached. ohn Saxon titute of Ch ered Accountsnts in England arml Wales The Moffatts PartnerS1￿p LLP Chartered Accountsnts Suite 1.1, Jackson Ht)use Slbson Road Sale M33 7RR 19 September 2024 The Multiple Sclerosls Therapy Centre (NW) Limlted Statsment of Flnandal Athities for the Year Ended 31 December 2023 (Including Income and Expendlture Account and Statement of Total Recognised Galns and Totsl 2013 Totsl 2022 Donatlon$ and le8acies Other tradlng acll¥lties Investsment Income 17L432 42.21X) 1.172 545.345 716.777 42.200 2,32S 417,345 17.249 123 1.153 Total In¢ome 214. 546,498 761,302 434.717 Exp•ndllure w: Ralsln8 lunds Charltable actmtles 54.779 145.716 S4.779 145.716 55.064 209,048 Totsl Expendltwe 200,495 21x1.495 264,112 Nei Income Tr¥n5fers be￿￿1 Iw)ds 14.309 546.498 547.979 560,807 170,605 Net movement ID fvnds 562,288 IL481) 560A07 170.605 Totsl funds brou8ht fon¥•rd 554,$84 39.429 594.013 423.408 Total carrled forward 21 1,116,872 37.Y8 1,154,820 594.013 All of the charltr¢$ ¥cO¥ltles d¢rl%* fr<4n contlnuln8 operat1￿5 durln8 the Jb¢)¥e two perknds. The funds breakdown for 2022 ts shown In note 21. The notss on pa8es 1110 26 forni an Inte8ral part ofthese financial ststementk Pa8e 8 The Multiple Sclerosis Therapy Centre {NW) Limited (Registration number: 04501975) Balance Sheet as at 31 December 2023 2022 Nole Nxed assets Tan8lble assets 14 IA77.301 849,846 Current assets Stocks Debtors 15 16 17.767 106AII 117,131 49,880 Cash at bank and in hand 17 124,178 167.859 Credltors: Amounts fallln8 due wlthln one year 1125,8681 1133,4281 Net current Illablltlles)la$5ets 11,6901 34A31 Totsl assels less ￿rrent Ilabultles 1.47S.611 884,277 CredStors."Amounts falllng d￿e after morethan one year 19 1320.7911 1290.2641 Neta55ets 1,154.820 594.013 Funds ofthe charfty. Restykted Income funds Restricted funds 21 37,948 39,429 UnTethted Income ftmds Unrestrkted funds 1,116,872 554.S84 Totsl funds 21 1,154,820 594.013 For the flnaftcial year endlng 31 December 2023 the charlty was entltled to exemptton from audlt under 5e¢tion 477 of th¢ Companle5 Act 2W6 relatlng to small companles. Dirertors. responybilities.. Thè members have not Nulred the charty to obtaln an audlt of Its accounts for the year In questlon in accordance wlth sectlon 476: and The dlrectors acknowledge theSr respons5blllties for ¢omplyin8 with the r¢quirements of the Act with respect to accountln8 records and the preparatton of accounts. The financial statements on pa8es 8 to 26 were approved by the trustres. and authorlsed for ls$ue on 19 September 2024 and 51gned on thelr behalf bv: A Hughes Tru The notes on pages li to 26 form an Integral part of these finarKlal statements. Page 9 The Multlple Sclerosls Therapy Centre {NW) Llmlted Statement of Cash Flows for the Year Ended 310ecember 2023 2023 2022 Note C•sh fl¢)ws from operatlno actl¥ltles Net cash Income 560,807 170.605 Adjuslments to ￿$h tlows from nOn￿$h Items Oepreclatlon Investment In¢ome 13,éM6 12.3251 3.193 11231 571.928 173.675 Worklni capltsl adjustsnonts DecreJsel{Increasel In stocks Decreaselllnueasel In debtors IDecre•seVlncrea5e In credltors 15 {2211 190,7081 93,647 16 99.364 18.285 Net cash flows from operatln8 actlvltles 653,855 176,393 C•sh Iltyw$ fr¢m Inv•stln8 a¢tl¥lil Interest recelvable and slmllar Income 2.325 640.9011 123 1299.272 P4tr¢hase of tsn8lbl¢ fixed assets 14 Net cash flows from Investln8 actlvltles {638.5761 1299.1491 Cash flows from flnancln8 actl¥ftl•i Rep•yment of loans and borrowln85 18 41.252 29.551 Net In¢re¥sellde¢re•sel In cash and cash equlvalents 56,531 1152,3071 Cash and cash equlvalents at l January 49.880 201187 Cash and cash equSvalents at 31 December 106,411 49,8 All of the cash flows are derlved from contlnuln8 operatlons durln8 ihe above two perlod$. The notes on pa8es 11 to 26 form an integral part of these flnancbal ststements. Pa8e 10 The Multlple Sclerosls Therapy Centre (NW) Umlted Notes to the Flnanckl Statements for the Year Ended 31 December 2023 I Charlty stslus The charityls limited by guarantee, In¢(Kp(nted *i En8land. and c(hwuentty does not have share eapital. Each of the trustees Ss Ilable to contrlbute an am¢)unt not exceedin8 £1 towards the assets of ￿ charlty In the event of Ilquldatlon. The a(Idress of Its reglstered offlce Is: Brad￿ry House 6 E112a Ann Street Eccles Manchester M30 OGL These finandal statements wore authorts•d for Issue by the trustees on 19 September 2024. 2 A¢countln8 pollcles The prlnclpal accountln8 polides applled In the prep•ration ol these flnandal ststements are set below. These pollcles hj been conslstently applled to all the ye￿$ presented, unless otherwtse ststed. Slalement pl compl￿￿¢• The fi￿n¢la1 5tstements hm been wepjred In •cc(¥d•ft¢e wlth AccounOn8 •NI ReporfThq by Charltles: Statement of Recommended Prattlce applkable to charftles preparlng thew accounts In attordance with the Flnandal Reportbn8 Standard appllcable In the UK arKI Republlc of Ireland (Ffts 1021 leffectl¥e l Jantsary 20151- Icharltles SORP IFRS 10211, th¢ Finandal Reportln8 Stsndard appllcable In the UK and Republlc of Irel•nd (FAS 1021. the Chath5 A¢t 2011 and thè Conwanles Act 2006. Bwli of Pr¢pr￿￿N The Multlple Sclerosls Therapy Centre INW) Umlted meets the def1ft1t￿ft of o publk benefit enilty under FIIS 102. Assets and Ilabllltles are Inltlally rèeo8nlsed Jt hlstorleal cost or trans¥tron value unkss otr*rwlsÈ ststed In the relevant accountln8 pollcy notes. Golni concern The finandal statements have been prtpafed on a ￿Ing concern baslk The tru5tee$ 055ess whether the use of ￿1n¥ ¢on¢ern is apwoprfate l.e. whether there are any materbal uncertalntles r*ted to events or condltions that may cast Signlfftcant doubt on the abilbty of charlty to contlnue as a 8olng concern. The tntstees make this assessment in respect ol a period of one yeu from the date ol apwo￿t ofthe finanual sktementS. Jud8*nents The charity has no Jud8ements that are *ilkant enou8h to requlre dlscloswe. Key gf ¢AIn￿lIan unc•rt•lnty charity does not have any estlmatss that are 5ub]ect to estiMaiN￿ Y￿ertaInty that requlre dixl(tswe. Pa8e li The Multlple Sclerosls Therapy Centre (NWI Llmlted Notes to the Financial Statements for the Year Ended 31 December 2023 Income and endowments All income is recognised once the charlty has entltlernent to the Income. It Is probable that the Incorne wlll be received and the amount of the income receivable can be measured rellably. l)onotlons andlegades Donations are recognised when the charlty has been fiotified in writlnE of both the amount and settlement date. In the event that a donatlon Is subSect to condltlons that requlre a level of perf¢ymance by the charity before the charlty Is entitled to the funds, the income is deferred and not recognised un￿1 elther those conditions are fully met. or the fulfilment of those condltlons Is wlwlly withln the control of the charity and it is probable that these condltlons witl be fvlfilled ITr the reporting period. Legacy gifts are recognlsed on a case by case bas55 followlng the grant of probate when the admlnlstratorlexecutor for the estate has communicated in wrlting both the amount arnl settlement date. In the event that the Bift b5 In the form of an asset other than cash or a finBnclal asset traded on a reco8ni5ed stock exchange, recognitlon is subject to the value of the gift belng reliabty measurable with a de8ree of reasonable accuracy and the title to the asset havin8 been transferred to the charity. 6r4nts re￿1vable Grants are reco8nised when the charity has an entltlement to the funds and any conditions linked to the grants have been met. whe￿ perfomance condltSons are attached to the grant and ar¢ yet to be met, the irKome is TrtQ8nised as a liability and Induded on the balance sheet as deferred income to be released. Glftald Glft aid Income Is reco8nlsed when recelptls probable and the amount can be relbably measured. Other tradlng actlvltles Income is ralsed fromvarious fundraising activlties andls recognised on receipL Irwestment Incon￿ b5 recognised on a receivable basi& ExpendI￿re All expenditure is reco8nised once there is a legal or constructive obliBation to thai expenditure. it is probable settlement is requlred and the amount can be measured reliably. All costs are allocated to the appllcable expendlture headlng Ihat aEgre￿te slmllar costs to that category. Where costs tannot be directly attrlbuted to partlcular headlngs they have been allocated on a basls conslstent wlth the use of resowces, wlth central stsff costs allo¢3ted on the basis of tlme spen¢ and depredatlon chaiAes allocated on the portion of the assevs use. Other support ￿$ts are all¢xated based on the spread of staff cost& All resource5 expended are indusi¥e of Irrecoverable VAT. Rolslnofvids These are costs incurred in attractin8 voluntary inwme. the rnanaBement of Investrnents and those incurred in tradin8 activities that ralse funds. Pa8e 12 The Multlple Sclerosis Therapy Centre INW) Limited Notes to the Financlal Statements for the Year Ended 31 December 2023 Chorttoble ortlvttles Charltsble expendlture comprise5 those costs Incurred by the charity in ts delivery of its actNities and servlces for its beneflckrles. It Includes both costs that can be allocated dlrectly to such actlvitles and those costs of an Indlrect nature necessary to support them. Governance costs These include the c05ts attrlbutsble to the charitys compliance wlth constltutional and statutory requirements, Including audiL strate8tc management and tru5teÈ's rneetlngs and relmbursed expenses. Govemmentgrants Govemment grants are reco8nised based on the accrual model and are measured at the falr value of the asset recelved or recebvable. Grants are dasslfied as relating elther to revenue or to assets. Grants relating to revenue are reco8nised in Income over the period In whlch the related costs are ￿0&nised. Grants relatlng to assets are recognlsed over the expected useful Ilfe of the asseL whe￿ part of a grant rel4tlng to an asset Is deferred, It Is reco8nised as deferred income. Irrecoverable VAT Irrecoverable VAT Is charged a8alnst the cate80ry of resources expended for wht¢h it was incurred. Taxatlon The charlty Is consldered to pass the tests set out In ParaBraph I Schedule 6 of the Finance Act 2010 and therefore It meets the definition of a charitable tompany for UK torporatlon tsx purposes. Accordln¥yi the charity 15 Potentially exempt from taxatlon in respect of income or capital Bains received within otegories covered by Chapter 3 Part 11 of the Corporatlon Tax Art 2010 or Sectlon 256 of the Taxation of Chargeable Galns Act 1992. to the extent that such Income or galns are applEed exclusively to charitable purposes. TanBlble fixed assets Indlviduol fixed a55ets c05tin8 £l,¢YJO.00 or more are Initlally ￿corded at cosL DepreclatJon and am￿lsatIon Depreciation is provided on tangible fmed assets $0 as to write off the Cost or valuatlon. less any estimated restdual value, over thelr expected useful economlc Ilfe as follows: Asset tlass Freehold Property Leasehold alteratlons Oepradatlon method and rale 2% straight line basls Over the period of the lease IO% straight line basls 20% straight Ilne basis 20% stral8ht line basts 33.3% stralght Ilne ba51$ Hyperbarlc thambers Fixtures and fittsn8S Therapy and Phygo equlpment Office equlpnent Stock Stock15 valued at the lowerof cost and estimated 5ellinw prlce less costs to cthnplete and sell, after due regard for obsolete and 5]ow movlng stock& Cost is determined u5in8 the Ilrst-ln. first-out IFIFOI. Page 13 The Multlple Sclerosis Therapy Centre (NWI Llmlted Notes to the Flnanclal Ststements for the Year Ended 31 December 2023 Trade debtors T￿de debtors are amounts due from customefs for merchandise sold or servlces Pert￿rned In the ordlnary course of bU￿ne$S. Trade debtors are recognlsed initially at the transactlon prlce. They are subsequently measured at amortised Cost usinB the effective interest method, less provislon for impaimient. A provision for the impairment of trade debtors is estsblished when there is objertive evidence that the charity wlll not be able to collect all amounts due according to the orlglnal term5 of the recel¥ables. Cash and cash equlvalent5 Cash and cash equlvalents comprlse cash on hand and call deposits, and other short-term highly fiquid Investments that are readlty convertlble to 4 known amount of cash and are subject to an In51gnlficant rlsk of change In value. Trade credblors Trade credltors are obllgatton5 to pay for good5 or services that have been acquired in the ordinary course of business from suppllers. Accounts payable are classlfied as ¢urrent Ilabllltles If the charlty does not have an un¢onditSonal rl8h( at the end of the ￿PortIng period. to defer settknent of the credltor for at least twèfve months after the reporting date. If there is an uncondltlonal rl8ht to defer settlement fty at least twelve months after the reporting date. they are presented as n0n-Cur￿nt Trade creditors are reco8nised initially at the transaction price and subsequently measured at amortlsed cost uslng the effectlve Interest method. orrowln8S Interest-bearing borrowin8s are Initially recorded at falr value, net of transactlon cost& Interest4)earln8 borrowln8s are Subsequently carrled at amortised cost. wlth the difference between the proceeds, net of transaction costs, and the amount due on redemption bÈinB retOBnised as a charge to the Ststement of Flnandal kbvities over the period of the Televant borrowing. Interest expense is recognlsed on the basis of the effectlve Interest method and Is Included In Interest payable and slmllar charge5. 8orrowings are dasslfled as current Ilabllltles unless the charity has an uncoftditional rWt to defer settlement olthe Ilabllity for at least twelve months after the reportlng date. Fund Structuro Unrestrlcted Income funds are general funds that are avallable for use at the trustee's discretion in furtherance of the objertlves of the charity. De518nated fvnds are unrestrkted funds set aside for $peclfic purposes at the dlscrelon of the trustees. Re5trlcted Income funds are those donated for use In a particular area or for spetifi¢ purposes, the use of which Is restricted to that area Of PUfPOSe. Hlre purchase and finance leases Leases In whlch substantialty all the risks and rewards of ownershlp are retalned by the lessor are classified as operatlng leases. Rentals pardble under operatln8 leases are thar8ed ￿ the Statement of Flnancial Actlvities on a stral8ht line basis over the lease term. Page 14 The Multiple Sclerosts Therapy Ceirtre (NW) Umited Notes to the Flnanclal Ststements for the Year Ended 31 December 2023 The charlty operates a defined contr1but1￿ penslm xheme whkh is a peTr51￿ plan which fixed contrlbutlons are pald Into a pen51on fund and the charliy has no le8al or constructfve obll8atlon to pay further contiibutions even If the fvnd does not hold 5ufficlenl a55ets lo pay all employees the benefits rektln8 to emplryfft servlce In the current and prlor perlods. Contrlbutlons to defined contrlbutlon plans are recognlsed In the Statement of Flnanclal Artl¥lties when they are due. If contrlbutlon payments exceed the contrlbutlon due for service. the excess Is reco8nlsed as a prepayment Fln•nd•l IDthments Fln3ndal a55ets and flnanthl Ilabllltles are reco8thd when the dwrlry becomes a party to the controctu•l pro¥llons of the InstrumenL Flnanclal Ilabil￿e5 aThl equlty Instruments are cla551fied accordlng to the subsfance of the contractual arran8ements entered Into. An equlty Instrumentls any contract that evlderKes a resId￿l Interest In assets of the charlty after deductlng all of Its Il•bllllle5. l flnanclal assets and 11a￿11￿ are Snlthlty measured at transactknn prke Ilndudln8 trarlsacilon costs), except lor those fln?nclal assets damlfied as at falr value throulh profft or 104 whlch are Inltlalty measured at fatr value Iwhl¢h Is ftormally the transaction prl¢e excludlng tran5actlon costs), unle55 the arrnn8ement constltutes a finaTKlng transactlon. If an arrangement con5￿tu1es a flnancln8 rransactlon. the finandal asset or finandal liability is measured at the present value of the future payments dlxountsd at ¥ market rate of Interest for a slffllkr debt InstrumenL Flnandal assets and Ilabllltles wè t￿lY offset In the stst*ment of ffinanclal poslllon when, when there exlsts a le8al enforceable rfght to set off the recognlsed amounts and ts tr￿lIty Intends elthef to settle en a net bas1& OT to reJ115e the asset nd settle the Ilablllty Imultsneouslv. Flnanclal assets are dereco8nlsed when and only when a) the contrartual rlknts to the cash ftows from ts* finandal asset explre or are settled. bl the charlty transfers to another party substsnualty all of the r15k5 and rewards of ownership ol the finandal asséi or ¢1 the tharlty, despbte hav]￿ rètalnèd some, ftot alL 48nffitant rlsks and rewards of owner5hlp* ha5 transferred control of the asset to another party. Flnanclal fflabllltles are dereco8nlsed onty T*hen the obl*tlon spedfied In the contract Is dbschar8ed, uncelltd or èxplre Pa8e 15 The Multlple Sderosts Therapy Centre (NW) Llmlted Notes to the Flnancial staten￿nts for the Year Ended 31 December 2023 3 In¢ome fr•m don•tlons and le8ades Totsl funds 2012 l)onatlons and le8acles: Donadons from companles. tn￿ts and Stmllar proceed5 Donadons from Indl¥kluals 91,51X) 55928 25.1 116,500 55.928 11,000 92,692 70.711 43.770 Le8acles Glft aid re¢laThned Grants, Induth￿ a￿tal irants: Grants from othertharltses Donatlons from ¢ommunhy 8roups 24JJ04 24,t))4 128.225 392.120 128.225 392,120 135,000 64.172 17L432 545.345 716.777 417,345 4 In￿rn+ from othv tr•dlni adl¥ld Ufirnstrlct•d lunds Gener•1 T•t*l fvnds Total 2022 Local fundralslng •nd street cdlrfiion Income 42.2 42.2(10 17.249 42.2(fJ 42,200 17.249 S Inveslmont tR￿me nds Tot•1 Totsl 2022 funth Other Imiestment income 1.172 L153 2.325 123 Pa8e 16 The Multiple Sder05b Therapy Centre (NWI Limited Notes to the Financial Statements for the Year Ended 31 December 2023 6 Expendltttye ratsln8 al Costs of tradlTh8 artl¥l Total Totsl Fundraisin8 ttsding costs: Fundralsin8 Other direct costs Ofactl￿t*S for le￿at1￿ fw 20,273 34506 20,273 34.506 2.291 52,773 54.779 54.779 55.064 lunds Total Total 202Z fvnds Direct costs oftherapy treathwnt Therapy centre costs Salary tosts Rents, rate& utillty costs Repalrs and equipment Insurances Motor and traNtl costs Administratlon expenses Consultancy fees Bank char8e5 Interest tharges Oepreciation Bradi4Ery hwse costs Governance tosts 8.417 3.155 32399 37￿83 8A17 3.155 32399 37.583 IZ.654 3.212 33.701 45￿13 77364 10.902 12.41M) 2.061 4.192 2.061 4.192 3.093 1.651 19.265 1.651 19265 13,446 IOA34 3,193 3.920 3.920 3.780 145.715 145,71S 209.048 £145.715 12022 - £184.1461 of the above expenthtt¥e was attrilwtsble to unreStr￿t￿ fiMNls and £Nd 12022 - £24.9021 to restricted fund Page 17 The Multlple Sclerosis Therapy Centre INW) Llmlted Notes to the Flnanclal Ststements for the Year Ended 31 December 2023 Analysls o1z0vunan￿ and supPortu￿t$ Gwemano costs Unrestrlcted fuTrds Ge¢)eral Totsl 2023 Totsl Independent examlner fees Examlnafjon of the financlal statements 3.920 3.920 3.780 3,920 3.920 3,780 9 Net lrtcomlngloutgolng resources Net Incomlng resources for the year Include.. zozz OpeTrtlng leases- other assets Depreclatlon of fixed a55ets Independent examlnatlon 32,111 13,446 3,920 42.816 3.193 3,780 10 Trnstees remunerallon and expenses No trustees. norany persons connected wlth them. have recelved any remuneratton from the charity durlng the yeaf. No trustee5 have recel¥ed any reimbursed expenses or any other benefits from the charity durinB the year. D(Thtions made by the t(￿tee5 without any condltlons attad￿d totslled £3.780 for the yeaT12022- £3,070). Pa8e 18 The Multiple Sclerosls Therapy Centre (NW) Limited Notes to the Flnancial Statsments for the Year Ended 31 December 2023 11 Staff costs The aggregate payroll costs were as follows: 2022 Staff ￿$ts durln8 theyearwffe: Wages and salaries Social security costs p￿s1On costs 63,932 82,755 1,818 2.335 86.474 The monthty a¥era8e number of persons fincludin8 senmm mana8ement I leadership team} emplo>td by tt* charity during the year expressed a5 full tlme eq￿lents wasasfolkms." Management ar#1 Palministration Fundralsln8 312022-41 ofthe above empw partlclpated In tr* t)efined Contrltxrtion Penskni Schemes. Contributiorts to the emplw pension fly year totalled £1,818 (2022- a3351. No employee recelved emoluments of more than £60.(MX)durhw the year. 12 IndependMt examlnerf5 rernuneratlon Examlnatlon of the flnancial statements 3.920 3.780 13 Taxatlon The charity is a realstered charlty and Is therefore exempt from taxatim. Pa8e 19 The Multlple Sderosis Therapy Centre (NW) Limited Notss to the Flnancial Ststements for the Year Ended 31 December 2023 14 T•n8lble fved assets L•rtd and Iwlldln Furnltsffe •nd Other tsn8lble At l January 2023 Addltlons 875.505 541.565 48A58 9,590 1.319 7.638 98,017 941.591 640.901 At 31 Dgcemb¢r 2023 1,417.070 10309 105.655 1,582,492 D¢preflJtlon At l January 2023 ChJr8e for the year 28A63 7.638 9.802 91,745 13,446 At 31 Dècember 2023 28.863 48,858 IOJJ30 17.440 105,191 Il•t book ￿l￿e At 31 December 2023 1.388.207 879 88.215 1.477.301 At 31 December 2022 846.642 849,846 Included wlthln the net book value of land and bulldln85 abM Is £1388.20712022- É846.6421 In reS￿rt of freehold lar#1 and bulldln85 and £NII12022. ÉNIII In respett of leasehold Stock Stock5 2022 payments AcCr￿d lftcome 2.530 114,601 17.367 17.767 117.131 Pa8e 20 The Multiple Sclerosls Therapy Centre (NW) Llmited Notes to the Hnanclal Statements for the Year Ended 31 December 2023 17 Cash and cash equlvalents 2022 Cash on hand 327 Cash at baftk 106.411 49.553 106,411 49,880 18 Credltors: amounts falllnB due wlthln ytsr 2022 Bank loans 26.870 44,542 536 53,920 16.145 24.778 1,185 91.320 Trade credltors Other taxation and social security Accrnals 125.868 133.428 Ban1¢ borrowlngs 8arclayloan for 8uslne$5 Is denomlnatsd In Sterllng wlth a nomlnal Interest rate of 7.89% 12022 5.64%). and the final Instslmentls due on 25 March 2034. The carrylng arnount atyear end is £263,39812022- £264.7701. Seturlty pmided in relation to the loan is a Legal Char8e over 6 Ellza Ann Stree¢ Eccles. Manchester HSBC Bounce Back Loan is denominated in Sterling with a nomlnal interest rnte of 2.5%12022- 2.S%l. and the final Instalment Is due on 16 September 2026. The carrying amount at year end ts £39.29012022- £41.6391. 19 Credltots: amo￿nts lalllng due after one year 2022 8ank loans 275.791 45.000 290,264 Other loans 320.791 290.264 Induded in the creditors are the followln8 amounts due after more than five years: 2022 After more than five years by instalments 150,476 17LOIO Bank loans and overdraftsafterllve years Bank loans are repayable mMthSy. The Interest rate at the balafi￿ sheet date was 7.89% Page 21 The Multlple Sclerosls Therapy Centre (NW) Llmlted Notes to the Flnanclal Ststements for the Year Ended 31 December 2023 20 Obll8•tlons under leases •nd hlre purdwse contrJ¢ts oPern￿n8 lease commltmonts Total future mlnlmum lease payments under nonrfan¢ellable operatin8 leases are as follows.. 2023 2022 land and bulldlnss Wlthln one year 31,006 32,112 21 Fundi Balance at i Januory 2025 Incomln8 re50ur¢e$ Resources eNpended Jlonce Jt 31 D¢¢ember 2023 Tr•n5fers Vnrestrfded fvnds Gefterol Unrestrlctsd Income fund De￿onated New bulldlni fund 554,584 205,804 1200,4951 556,979 1,116,872 Totsl unr•strkled funds 554,584 S47,979 1116.872 R•#rlctsd lurtds Physlo equlpment Seatln8 replacement New 8ulldSn8 Costs Physlo Beds Stslrca5e Adaptatlon Fundln8 Booth ChJrltles- Capltsl Grant The Edward Gostlln8 Foundatlon Natlonal Lottery Communlty Fund Br4dbury Foundatlun 4.529 4,529 4.000 4,378 14,3781 900 5,000 13.519 10.000 15.0 10,0 11,4811 125,0001 1392,1201 125,000 25.000 392.120 125.IJKI Total reslrfcted fvnds 39.429 546,498 37,948 Total 594,013 761.302 1200.495 1.154,820 Pa8e 22 The Multiple Sclerosls Therapy Centre (NW) Limited Notes to the Financial Statements for the Year Ended 31 December 2023 8alattte at I January2022 lrtcornlng Resources expended Oalan¢e at 31 Dttember 2022 TransF¢rs Unrestrlcted fvnds General Unrestricted income fund Deslgnrted New bulldln8 fu 310.099 225.463 1239.2101 258,232 SS4,584 62,915 162.9151 Totsl unrestrkted funds 373,014 225.463 1239.210} 195,317 554,584 Physlo equlpment Seatlng replacement New Buildlnc Costs Physlo Beds Stsircase Atlaptatlon Fundlng Booth Charitles- Capitsl Grant The Edward Gostlin8 Fourmlatlon Nattonal Lottery Community Fund Bradbury Foundation 4.529 4,529 20,965 900 60,082 124.9021 156.1451 5.000 15.000 5,000 15.0 10.0 10.000 64.172 75XIOO {64,172) I75,￿70) Totsl restrlrted funds 24.902 195.317 39.429 Totslfvnd5 423,408 434.717 1264.1121 594.013 Page 23 The Multlple Sderosls Thera￿ Centre (NW) Llmited Notss to the Flnancial ststsments for the Year Ended 31 December 2023 The speclflc purposes forwhkh thE are to be applled are as ft>llows: Fund5 In the New 8ulldlnB Fund afKI ha%* been set aslde to be ￿ed for thls purpose and Indudes fun¢ts recel¥ed for the new bulldln8 wlthtxrt rethcllons. Funds In the Phy40 Equlpfflent fund are used onty to purthase physiti equipmenL Funds In AdVertts1￿ •nd Promoth)n lund art used only for¥¢￿ertIsIn8 aNI pr(xnoOwl Costs. Funds In the Seatkng Replac¥nent fund are to bÈ used for the purthase of replxement seatk* ¢)nty, Funds In Ihe New Bulldln8 Costs fvnd ha¥e been reCe￿d to be used for any costs rela￿n8 to the new bulldln Fund$ In the Physk) Beds fijnd are to be used for tr* pur(h¥5e of phy5k> bed5 only. Funds In StaSrcase Pllaptstlon fitybd ha¥e been re¢el¥ed 5pedfialty to adap¢ the Stslrc•se In the new bulldln Funds In eooths thaIl￿eS Capltal Grant lund have been recelved specfflcalty tthvards the decontln8 costs of the 8round fli>orof th• n¢w bulldk Funds In th• Edwaftl Gostlln8 Foundatlon lund hm been receI￿d spedlkalfy towards the Ilft kn the Iwlldln& Funds In the Natlonal Lottery Commuth FUNI have beert re¢el¥ed for the R C Nwth West Re8lon programme toward$ the refvfb15hment of the new bulldln& Fund5 In the Br￿bury Ftyjndatlon been receK*d for the Mew Centre Red•vèlopmenL The Multiple Sderosis Therapy Centre (NW) Umited Notes to the Financlal ststsments for the Year Ended 31 December 2023 Total lunds ai 31 December Des*ted Tarydible fixed assets Current assets Current liabilitie5 Creditors over l year L477301 124,178 1125,8681 (320.7911 L477.301 124.178 {125.8681 1320.7911 Total net assets L154.820 I.￿.820 Totsl lunds ai 31 De¢ember funds nds Tanglble fixed assets Current assets 849.846 87,692 {916901 (290.2fAI 849,846 167,859 1133.4281 1290.2641 80,167 {40,738) Current Ilabllltles Creditors over l year Total net assets 554.584 39.429 594.013 23 Analysls of net funds At ljanuary FlTrandnÉ ush Other Thin cash At 31 Detembei d￿￿e$ 2023 Cash at bank and In hand 49.8 {1&1451 {290,2641 56531 1412531 104411 126.8701 1320,7921 Debt due wlthln year Debtdue after more than one year 30528 130.5281 Net debt {256.5291 15.278 1241,2511 At ljanuary Flmndng cash Other non At 31 Deumber 2022 Cash at bank arnl Fn hand 201187 134.8271 {30L133} 11513071 29.551 49.880 116.1451 1290.2641 Debt due within one year Debt due after more than onè ￿ar {100691 10.869 Net debt 1133.773) {1217561 12545291 The Multlple Sclerosis Therapy Centre INW) Umited Notss to the Financial Statements for the Year Ended 31 December 2023 24 Related prty transxu Durlng the year the charlty made ￿ followln8 related partytransaction5: Ac¢a¥nts & Tax Llmlted IA C Gilbody. a tntstee. is Its dlrector of the abo¥e firm.) Payroll services are to the charity on a rw) fee ba515. At the balano sheet date the amount due tofftom Accounts & Tax Advlce Limited was £NII {2LT22- £Nil). Lknyd 8olam Insurance Brokers Ltd IA C Gilbody, a tru5tse. Is a director and tr* secretsry of the above firm.) The charity uses the above insUrar￿e bfoker5 to provlde tt*ir insurance polkles under T￿1 commercial term& The amount Pa￿ durhg the period was £11.118 IX122- £10.9021. At the balance sheet date the arnO￿t due tolfrom Lbyd Bolam Insurance Broker5 Ltd was ÉNII12022- £Nill. Trustees (trustees and a member of the charity) Trustees and a member of the charity have provKled a knng terni loan to the d￿rIty to either be paid within S yeats or converted to a chadtsble donati0fL At the balante sheet datr the amount due to Trustees tAeS £45Ith12022- £Nil1. Pa8e 26