REGISTERED CHARITY NUMBER: 1122787
Report of the Trustees and
Unaudited Financial Statements for the Year Ended 31 December 2023
for
World Federation for NeuroRehabilitation
Stanbridge Associates Limited 7 Lindum Terrace Lincoln Lincolnshire LN2 5RP
World Federation for NeuroRehabilitation
Contents of the Financial Statements for the Year Ended 31 December 2023
| Page | |
|---|---|
| Report of the Trustees | 1 to 5 |
| Independent Examiner's Report | 6 |
| Statement of Financial Activities | 7 |
| Balance Sheet | 8 |
| Notes to the Financial Statements | 9 to 16 |
| Detailed Statement of Financial Activities | 17 to 18 |
World Federation for NeuroRehabilitation
Report of the Trustees for the Year Ended 31 December 2023
The trustees present their report with the financial statements of the charity for the year ended 31 December 2023. 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 objectives for which the charity is established are to hold the trust fund and it's income upon trust to apply them for the relief of sickness and promotion of good health for the benefit of the public throughout the world, in particular but not exclusively by:
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(a) Advancing the development and improve the quality of neurological rehabilitation across the world.
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(b) Stimulating collaboration between clinicians and others with an interest in neurological rehabilitation.
(c) Facilitating exchange of knowledge and scientific research between clinicians and others with an interest in neurological rehabilitation.
Page 1
World Federation for NeuroRehabilitation
Report of the Trustees for the Year Ended 31 December 2023
OBJECTIVES AND ACTIVITIES Main activities
The World Federation for NeuroRehabilitation (WFNR) is a multidisciplinary organisation which stimulates the exchange of knowledge and scientific research between clinicians and others with an interest in the field. WFNR collaborates with other clinical and scientific societies to enhance the impact of neurorehabilitation for the benefit of patients.
Summary of main activities
The Federation has continued with many research and educational activities during 2023 including:
11[th] Annual Conference of Indian Federation of Neurorehabilitation (IFNRCON2023) - India
7[th] European Congress of Neurorehabilitation – Lyon, France
5[th] Asia Oceanian Congress of Neurorehabilitation (AOCNR2023) – Bangkok, Thailand 18th International Summer School of Neurology, in conjunction with 13th European Teaching Course on Neurorehabilitation - Poiana Brasov, Romania 18th Congress of the Society for the Study of Neuroprotection and Neuroplasticity in conjunction with the WFNR-EFNR Central Asia Regional Meeting, 24 and 25 June 2023, Tashkent, Uzbekistan
The series of Silver Jubilee webinars continued. These webinars are free to attend and are available after the event to view on the website.
Quarterly young WFNR (yWFNR) research webinars are organised by the SIG Young WFNR and offer early career professionals in neurorehabilitation the chance to present their research to peers across the globe.
The Young WFNR mentorship programme is now well underway with 21 mentor/mentee matches and mentees from 9 countries.
WFNR continued its cooperation with WHO IGAP as well as working on its Community Based and Family Based Neurorehabilitation.
One of the main areas of activity in 2023 was preparing for the 13th World Congress for Neurorehabilitation planned for May 2024 in Vancouver, Canada. Our contract with SAGE, publishers of WFNR's official journal,
Neurorehabilitation and Neural Repair, continued to enable each WFNR member access to free online subscription to the Journal. The cost of this to WFNR is US$10,000 per annum.
The last WFNR Certificate Teaching Course (TC) on “Clinical Pathways in Stroke Rehabilitation” was held digitally in 2023 with weekly seminars (from September to December 2023), was well and regularly attended by healthcare professionals from many countries around the word, and a great success. page 3 of 5 pages
More than 110 participants attended the course each week, 85 passed a final exam and received the WFNR certificate of knowledge. The multi-professional attendees (i.e. medical doctors, nurses, physiotherapists, speech and language therapists, occupational therapists, psychologists, and a few other professionals) came from 37 countries.
Page 2
World Federation for NeuroRehabilitation
Report of the Trustees for the Year Ended 31 December 2023
FINANCIAL REVIEW
Reserves policy
The charity aims to hold sufficient reserves to meet their objectives for a twelve month period.
Going concern
The financial statements have been prepared on the going concern basis as the trustees believe that no material uncertainties exist.
The Trustees have considered the level of funds held and the expected level of income and expenditure for twelve months from authorising these financial statements. The budgeted level of income and expenditure is sufficient with the level of reserves for the charity to continue as a going concern.
STRUCTURE, GOVERNANCE AND MANAGEMENT Governing document
The charity is controlled by its governing document, a deed of trust and constitutes an unincorporated charity.
Recruitment and appointment of new trustees
The WFNR is looking for experienced people who can take a global perspective on the field of neurological rehabiliation.
REFERENCE AND ADMINISTRATIVE DETAILS Registered Charity number
1122787
Principal address
11 Rake House Farm Rake Lane North Shields NE29 8EQ
Trustees
Professor M P Barnes Professor of Neurological Rehabilitation Professor S Clarke Chief of Neuropsychology & Neuro
Independent Examiner
Mrs V Sanders Stanbridge Associates Limited 7 Lindum Terrace Lincoln Lincolnshire LN2 5RP
Page 3
World Federation for NeuroRehabilitation
Report of the Trustees for the Year Ended 31 December 2023
Approved by order of the board of trustees on ……… and signed on its behalf by:
…………………..
Page 4
Independent Examiner's Report to the Trustees of World Federation for NeuroRehabilitation
Independent examiner's report to the trustees of World Federation for NeuroRehabilitation
I report to the charity trustees on my examination of the accounts of World Federation for NeuroRehabilitation (the Trust) for the year ended 31 December 2023.
Responsibilities and basis of report
As the charity trustees of the Trust you are responsible for the preparation of the accounts in accordance with the requirements of the Charities Act 2011 ('the Act').
I report in respect of my examination of the Trust's accounts carried out under Section 145 of the Act and in carrying out my examination I have followed all applicable Directions given by the Charity Commission under Section 145(5)(b) of the Act.
Independent examiner's statement
I have completed my examination. I confirm that no material matters have come to my attention in connection with the examination giving me cause to believe that in any material respect:
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accounting records were not kept in respect of the Trust as required by Section 130 of the Act; or
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the accounts do not accord with those records; or
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the accounts do not comply with the applicable requirements concerning the form and content of accounts set out in the Charities (Accounts and Reports) Regulations 2008 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.
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.
Mrs V Sanders
Stanbridge Associates Limited 7 Lindum Terrace Lincoln Lincolnshire LN2 5RP
Date: .............................................
Page 5
World Federation for NeuroRehabilitation
Statement of Financial Activities for the Year Ended 31 December 2023
| Notes INCOME AND ENDOWMENTS FROM Donations and legacies Charitable activities General Other trading activities 2 Investment income 3 Total EXPENDITURE ON Raising funds 4 Charitable activities General Total Net gains/(losses) on investments NET INCOME/(EXPENDITURE) RECONCILIATION OF FUNDS Total funds brought forward TOTAL FUNDS CARRIED FORWARD |
Unrestricted funds £ - 186,811 - 6,229 193,040 2,651 129,614 132,265 12,687 73,462 284,783 358,245 |
Restricted funds £ - - - - - - - - - - 2,102 2,102 |
2023 Total funds £ - 186,811 - 6,229 193,040 2,651 129,614 132,265 12,687 73,462 286,885 360,347 |
2022 Total funds £ 14,203 21,840 - 10,217 46,260 6,938 119,559 126,497 (28,357) (108,594) 395,479 286,885 |
|---|---|---|---|---|
The notes form part of these financial statements
Page 6
World Federation for NeuroRehabilitation
Balance Sheet 31 December 2023
| Notes FIXED ASSETS Investments 8 CURRENT ASSETS Cash at bank CREDITORS Amounts falling due within one year 9 NET CURRENT ASSETS TOTAL ASSETS LESS CURRENT LIABILITIES NET ASSETS FUNDS 10 Unrestricted funds: General fund Designated funds Restricted funds TOTAL FUNDS |
Unrestricted funds £ 247,330 112,335 (1,420) 110,915 358,245 358,245 |
Restricted funds £ - 2,102 - 2,102 2,102 2,102 |
2023 Total funds £ 247,330 114,437 (1,420) 113,017 360,347 360,347 343,936 14,309 358,245 2,102 360,347 |
2022 Total funds £ 231,794 56,440 (1,349) 55,091 286,885 286,885 270,474 14,309 284,783 2,102 286,885 |
|---|---|---|---|---|
The financial statements were approved by the Board of Trustees and authorised for issue on ……….. and were signed on its behalf by:
……………….
The notes form part of these financial statements
Page 7
World Federation for NeuroRehabilitation
Notes to the Financial Statements for the Year Ended 31 December 2023
1. ACCOUNTING POLICIES
Basis of preparing the financial statements
The financial statements of the charity, 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 Charities Act 2011. The financial statements have been prepared under the historical cost convention, with the exception of investments which are included at market value, as modified by the revaluation of certain assets.
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.
Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Taxation
The charity is exempt from 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.
continued...
Page 8
World Federation for NeuroRehabilitation
Notes to the Financial Statements - continued for the Year Ended 31 December 2023
1. ACCOUNTING POLICIES - continued
Pension costs and other post-retirement benefits
The charity operates a defined contribution pension scheme. Contributions payable to the charity's pension scheme are charged to the Statement of Financial Activities in the period to which they relate.
2. OTHER TRADING ACTIVITIES
| Sponsorships 3. INVESTMENT INCOME Bank interest Other fixed asset invest - FII 4. RAISING FUNDS Raising donations and legacies Support costs Investment management costs Investment advice Aggregate amounts |
2023 £ - 2023 £ 729 5,500 6,229 2023 £ - 2023 £ 2,651 2,651 |
2022 £ - 2022 £ 22 10,195 10,217 2022 £ - 2022 £ 6,938 6,938 |
||
|---|---|---|---|---|
continued...
Page 9
World Federation for NeuroRehabilitation
Notes to the Financial Statements - continued for the Year Ended 31 December 2023
5. TRUSTEES' REMUNERATION AND BENEFITS
There were no trustees' remuneration or other benefits for the year ended 31 December 2023 nor for the year ended 31 December 2022.
Trustees' expenses
There were no trustees' expenses paid for the year ended 31 December 2023 nor for the year ended 31 December 2022.
6. COMPARATIVES FOR THE STATEMENT OF FINANCIAL ACTIVITIES
| INCOME AND ENDOWMENTS FROM Donations and legacies Charitable activities General Other trading activities Investment income Total EXPENDITURE ON Raising funds Charitable activities General Total Net gains (losses) on investments NET INCOME RECONCILIATION OF FUNDS Total funds brought forward |
Unrestricted funds £ 14,203 21,840 - 10,217 46,260 6,938 119,559 126,497 (28,357) (108,594) 284,783 |
Restricted funds £ - - - - - - - - - - 2,102 |
Total funds £ 14,203 21,840 - 10,217 46,260 6,938 119,559 126,497 (28,357) (108,594) 286,885 |
|---|---|---|---|
continued...
Page 10
World Federation for NeuroRehabilitation
Notes to the Financial Statements - continued for the Year Ended 31 December 2023
| 6. | COMPARATIVES FOR THE STATEMENT OF FINANCIAL ACTIVITIES - | COMPARATIVES FOR THE STATEMENT OF FINANCIAL ACTIVITIES - | COMPARATIVES FOR THE STATEMENT OF FINANCIAL ACTIVITIES - | COMPARATIVES FOR THE STATEMENT OF FINANCIAL ACTIVITIES - |
|---|---|---|---|---|
| continued | ||||
| Unrestricted | Restricted | Total |
||
| funds | funds | funds | ||
| £ | £ | £ | ||
| TOTAL FUNDS CARRIED | ||||
| FORWARD | 358,245 | 2,102 | 360,347 | |
| 7. | TANGIBLE FIXED ASSETS | |||
| Fixtures | ||||
| and | Computer | |||
| fittings | equipment Totals | |||
| £ | £ | £ | ||
| COST | ||||
| At 1 January 2023 and | ||||
| 31 December 2023 | 5,932 | 1,416 | 7,348 | |
| DEPRECIATION | ||||
| At 1 January 2023 and | ||||
| 31 December 2023 | 5,932 | 1,416 | 7,348 | |
| NET BOOK VALUE | ||||
| At 31 December 2023 | - | - | - | |
| At 31 December 2022 | - | - | - | |
| 8. | FIXED ASSET INVESTMENTS | |||
| Unlisted | ||||
| investments | ||||
| £ | ||||
| MARKET VALUE | ||||
| At 1 January 2023 | 231,794 | |||
| Revaluations | 12,687 | |||
| Net income | 2,849 | |||
| At 31 December 2023 | 247,330 | |||
| NET BOOK VALUE | ||||
| At 31 December 2023 | 247,330 | |||
| At 31 December 2022 | 231,794 |
There were no investment assets outside the UK.
continued...
Page 11
World Federation for NeuroRehabilitation
Notes to the Financial Statements - continued for the Year Ended 31 December 2023
8. FIXED ASSET INVESTMENTS - continued
Cost or valuation at 31 December 2023 is represented by:
| Valuation in 2023 9. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR 2023 £ Taxation and social security (8) Other creditors 1,428 1,420 10. MOVEMENT IN FUNDS |
Unlisted investments £ 247,330 2022 £ (7) 1,356 1,349 |
|---|---|
| Unrestricted funds General fund Designated funds Restricted funds Psychology TOTAL FUNDS |
At 1.1.23 £ 270,474 14,309 284,783 2,102 286,885 |
Net movement At in funds 31.12.23 £ £ 73,462 343,936 - 14,309 73,462 358,245 - 2,102 73,462 360,347 |
|---|---|---|
Net movement in funds, included in the above are as follows:
| Unrestricted funds General fund TOTAL FUNDS |
Incoming resources £ 193,040 193,040 |
Resources expended £ (132,265) (132,265) |
Gains and losses £ 12,687 12,687 |
Movement in funds £ 73,462 73,462 |
|---|---|---|---|---|
continued...
Page 12
World Federation for NeuroRehabilitation
Notes to the Financial Statements - continued for the Year Ended 31 December 2023
10. MOVEMENT IN FUNDS - continued
Comparatives for movement in funds
| Unrestricted funds General fund Designated funds Restricted funds Psychology TOTAL FUNDS |
At 1.1.22 £ 379,068 14,309 393,377 2,102 395,479 |
Net movement At in funds 31.12.22 £ £ (108,594) 270,474 - 14,309 (108,594) 128,783 - 2,102 (108,594) 286,885 |
|---|---|---|
Comparative net movement in funds, included in the above are as follows:
| Unrestricted funds General fund TOTAL FUNDS |
Incoming resources £ 46,260 46,260 |
Resources expended £ (154,854) (154,854) |
Movement in funds £ (108,594) (108,594) |
|---|---|---|---|
continued...
Page 13
World Federation for NeuroRehabilitation
Notes to the Financial Statements - continued for the Year Ended 31 December 2023
10. MOVEMENT IN FUNDS - continued
A current year 12 months and prior year 12 months combined position is as follows:
| Unrestricted funds General fund Designated funds Restricted funds Psychology TOTAL FUNDS |
At 1.1.23 £ 270,474 14,309 284,783 2,102 286,885 |
Net movement At in funds 31.12.23 £ £ 73,462 343,936 - 14,309 (107,814) 358,245 - 2,102 (107,814) 360,347 |
|---|---|---|
A current year 12 months and prior year 12 months combined net movement in funds, included in the above are as follows:
| Unrestricted funds General fund TOTAL FUNDS |
Incoming resources £ 193,040 193,040 |
Resources expended £ (132,265) (132,265) |
Gains and losses £ 12,687 12,687 |
Movement in funds £ 73,462 73,462 |
|---|---|---|---|---|
11. RELATED PARTY DISCLOSURES
There were no related party transactions for the year ended 31 December 2023.
continued...
Page 14
World Federation for NeuroRehabilitation
Notes to the Financial Statements - continued for the Year Ended 31 December 2023
12. DESIGNATED FUNDS
Held as part of the unrestricted funds is £14,309 (2022: £14,309) which has been designated by the Trustees as money to be used for the WFNR Foundation. The WFNR Foundation was set up to provide research fellowships to young investigators, travel fellowships for trainees from developing countries to attend WFNR educational event and support for educational initiatives in developing countries.
Page 15
World Federation for NeuroRehabilitation
| Detailed Statement of Financial Activities for the Year Ended 31 December 2023 INCOME AND ENDOWMENTS Donations and legacies Donations Other trading activities Sponsorships Investment income Bank interest Other fixed asset invest - FII Charitable activities Sponsorship Membership fees Total incoming resources EXPENDITURE Investment management costs Investment advice Charitable activities Wages Social security Pensions Rates and water Insurance Telephone Postage and stationery Office costs WCNR Newsletter Carried forward |
2023 £ - - 729 5,500 6,229 33,736 153,075 186,811 193,040 6,938 87,452 5,813 1,321 4,715 330 691 859 - - - 101,181 |
2022 £ 14,203 - 22 10,195 10,217 16,250 5,590 21,840 46,260 6,938 71,178 4,036 1,321 2,586 - 650 86 2,543 1,294 7,170 90,864 |
|---|---|---|
This page does not form part of the statutory financial statements
Page 16
World Federation for NeuroRehabilitation
Detailed Statement of Financial Activities for the Year Ended 31 December 2023
| Charitable activities Brought forward Meeting costs Travel and subsistence Computer costs Award Reports Membership fees Advertising Support costs Management Sundries Finance Bank charges Governance costs Accountancy and legal fees Total resources expended Net (expenditure)/income |
2023 £ 101,181 8,071 3,316 12,619 - - - 2,693 127,880 - - 1,734 129,614 63,426 |
2022 £ 90,864 516 2,967 17,547 5,785 - - - 117,679 - 44 1,836 119,559 (80,237) |
|---|---|---|
This page does not form part of the statutory financial statements
Page 17
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