**REGISTERED COMPANY NUMBER: 06651359 (England and Wales) REGISTERED CHARITY NUMBER: 1126567**
**Report of the Trustees and**
## **Unaudited Financial Statements**
**for the Year Ended 31 March 2024**
## **for**
**HOPE Multiple Sclerosis Therapy Centre**
Ashmole and Co. Williamston House 7 Goat Street Haverfordwest Pembrokeshire SA61 1PX
**HOPE Multiple Sclerosis Therapy Centre**
## **Contents of the Financial Statements for the Year Ended 31 March 2024**
|||**Page**||
|---|---|---|---|
|**Reference and Administrative Details**||1||
|**Report of the Trustees**|2|to|4|
|**Independent Examiner's Report**||5||
|**Statement of Financial Activities**||6||
|**Balance Sheet**|7|to|8|
|**Notes to the Financial Statements**|9|to|16|
|**Detailed Statement of Financial Activities**|17|to|18|
**HOPE Multiple Sclerosis Therapy Centre**
## **Reference and Administrative Details for the Year Ended 31 March 2024**
|**TRUSTEES**|Mr S Wright|
|---|---|
||Mrs K Kindon|
||Mrs M Brace|
||Mrs M Parry|
||Mrs V George resigned 28.09.23|
||Mrs C Solomon John started 28.09.23|
||Mrs M Harries resigned 28.09.23|
|**FUNDRAISING/MEMBERSHIP COMMITTEE**|Mrs M Parry|
||Mrs J Lewis|
||Mrs C Solomon John started 28.09.23|
|**PATRONS**|Mrs A Burns|
||Cllr S Hancock|
|**TREASURER**|Mrs M Parry|
|**CUSTOMER SERVICES/OPERATIONS MANAGER**|Mrs T Gratton|
|**REGISTERED OFFICE**|Unit 57|
||Honeyborough Business Park|
||Neyland|
||MILFORD HAVEN|
||Pembrokeshire|
||SA73 1SE|
|**REGISTERED COMPANY**|06651359 (England and Wales)|
|**NUMBER**||
## **REGISTERED CHARITY NUMBER** 1126567
## **INDEPENDENT EXAMINER**
Ashmole and Co. Williamston House 7 Goat Street Haverfordwest Pembrokeshire SA61 1PX
Page 1
**HOPE Multiple Sclerosis Therapy Centre**
## **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 Activities**
HOPE was founded in 1986 to provide oxygen therapy. Today it continues that role, providing relief of sickness and suffering of those with multiple sclerosis and other neurological conditions and for their families and carers in Pembrokeshire and the surrounding areas. This is achieved primarily, but not exclusively through:
- the provision of oxygen therapy, physiotherapy and other therapies as necessary,
- the provision of care, support advice, counselling and information,
- providing or assisting in the provision of recreational and other leisure-time occupation for these beneficiaries in the - interests of social welfare with the object of improving their conditions of life.
## **Public benefit**
We have referred to the guidance contained in the Charity Commissions general guidance on public benefit when reviewing our aims and objectives and in planning out future activities.
## **ACHIEVEMENT AND PERFORMANCE**
## **Charitable activities**
It has still been a difficult and challenging year for the charity and one which has continued to have a profound impact on the activities and the services we provide. Not helped with the loss of electric for two weeks due to illegal activity on the estate with the knocking out of the electric substation and not being able to claim on insurance for the closure.
Whilst we have been able to remain open for the year, we are still operating a reduced a 3 day service as opposed to the 4 days pre covid. Our members are still low to return, confidence remaining low within the community as a whole. Also, we are awaiting the return of one of our physiotherapists full time.
We would like to thank all our Trustees, volunteers and staff for their committed approach to tackling the challenges and demands we have faced during the year.
We continue to successfully provide a unique service for MS sufferers in Pembrokeshire and surrounding areas. Our services at present consist of oxygen therapy and physio therapy sessions. In addition, the centre continues to provide support to the Pembrokeshire Parkinson's group, recovering stroke patients and those undergoing cancer treatment.
## **FINANCIAL REVIEW**
## **Financial Review**
The results for the year and the financial position of the Charity are presented in the financial statements in pages 6 to 7.
Our main sources of income have been virtually non-existent during the COVID pandemic which has impacted our services substantially.
Our service level agreement with the Hywel Dda Health board was focused on us delivering our services to an increased number of people across a wider range of therapies. We very much work on the basis of providing our services and therapies to our members as and when they need them within our opening hours and those of our therapists. To help us transition to the new way of funding, we were granted a minimum level for 2021/22 of £10,000 with any additional payments to be made in line with activity levels should we exceed the minimum levels. Unfortunately in 2022/23 and 2023/24 we didn't meet the requirements as previous years. Until these terms change the centre is no longer able entitled to this funding.
But the centre has managed to gain funding and donations from Camrose vintage working day £850, Blue Mountain £11,200, Molly Venables litter picking £1,000, Agric Advisor £5,000 and paypal giving £3,000.
Page 2
**HOPE Multiple Sclerosis Therapy Centre**
## **Report of the Trustees for the Year Ended 31 March 2024**
## **FINANCIAL REVIEW Reserves Designated reserves comprise:**
## 1.£10,000 Repairs and Renewals Fund
2.£20,000 for the Upgrade or renovation of the Barochamber Oxygen
Funds are held to meet this commitment
## **Free Reserves.**
We are obligated to hold a fund equating to a minimum of 6 months of our annual expenditure for the year ended March 2023 this equates to £31,883. This is however a conservative sum and we should be considering a sum closer to a full year's expenditure. As at end of March 2023 our free reserves amount to £56,090, and are held mainly in the form of cash.
Our members are primarily MS sufferers but we also provide assistance to Parkinsons Disease sufferers and Stroke patients. The financial effect of the development of this activity needs to be carefully monitored and it is therefore important that sufficient reserves are maintained for this purpose until such time as Local Health Board funding may be secured.
## **FUTURE PLANS**
As we move into 2024/2025, our focus is very much on increasing the membership and attendance at the centre, whilst continuing to maintain the safety and welfare of our members.
We will continue to work with our members to expand our range of services and activities as well as pursuing other income streams to support our work.
Our fundraising activities will be a priority for the coming year as well as protecting the longevity of the Charity both operationally and financially.
## **STRUCTURE, GOVERNANCE AND MANAGEMENT**
## **Governing document**
The charity is an organisation governed by Memorandum and Articles of association incorporated 21st July 2008 as amended by special resolution 10 October 2008.
## **Organisational structure**
The Charity is run by a group of Trustees which is to comprise a minimum of three individuals. Directors are formally appointed at the AGM. During the year Directors may be approved by the members and these Directors are co-opted until the AGM where they will need to be formally appointed by the members. The Trustees of the Charity comprise the Directors who have been formally appointed at the AGM. The names of the Directors for the year ended 31st March 2023 are recorded on page one. One third of the Directors must retire at each AGM. The retiring Directors may, if they so wish, seek re-election.
The Directors may at their discretion delegate aspects of the management and operation of the Charity to committees such as the Members & Fundraising Committee. Nominations for membership of any committee, or subcommittee, must be approved by the Directors. Subcommittees report directly to the committees.
## **Induction and training of new trustees**
Trustee appointments are approved by the trustees by special resolution. Trustees are selected based upon the individuals personal or professional qualifications which are considered to be beneficial to the future direction of the Charity. No external bodies have a right to appoint to the committee.
Page 3
## **HOPE Multiple Sclerosis Therapy Centre**
## **Report of the Trustees for the Year Ended 31 March 2024**
## **STATEMENT OF COMMITTEE OF MANAGEMENTS' RESPONSIBILITIES**
Charity law requires the council to prepare financial statements for each financial year which give a true and fair view of the state of the charity and of its financial activities for that period. In preparing those financial statements the council is required to:-
(i) Select suitable accounting policies and then apply them consistently;
(ii) Make judgements and estimates that are reasonable and prudent;
(iii) Prepare the financial statements on the going concern basis unless it is inappropriate to assume that the charity will continue in business.
The council is responsible for keeping proper accounting records which disclose with reasonable accuracy at any time the financial position of the charity and to enable them to ensure that the financial statements comply with applicable Accounting Standards and the regulations made under the Charities Act. The council is also responsible for safeguarding the assets of the charity and hence for taking reasonable steps for the prevention and detection of fraud or other irregularities.
Approved by order of the board of trustees on ............................................. and signed on its behalf by:
.......................................................................... Ms K Kindon - Trustee
Page 4
## **Independent Examiner's Report to the Trustees of HOPE Multiple Sclerosis Therapy Centre**
## **Independent examiner's report to the trustees of HOPE Multiple Sclerosis Therapy Centre ('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.
William Hughes
Ashmole and Co. Williamston House 7 Goat Street Haverfordwest Pembrokeshire SA61 1PX
Date: .............................................
Page 5
## **HOPE Multiple Sclerosis Therapy Centre**
## **Statement of Financial Activities for the Year Ended 31 March 2024**
|Unrestricted
funds
Notes
£
**INCOME AND ENDOWMENTS FROM**
Donations and legacies
2
26,262
**Charitable activities**
5
Oxygen Therapy Centre
4,110
Physiotherapy Services
24,730
Other trading activities
3
2,831
Investment income
4
18
**Total**
57,951
**EXPENDITURE ON**
Raising funds
6
-
**Charitable activities**
7
Oxygen Therapy Centre
38,372
Physiotherapy Services
25,583
Carers activities
150
**Total**
64,105
**NET INCOME/(EXPENDITURE)**
(6,154)
**RECONCILIATION OF FUNDS**
Total funds brought forward
95,481
**TOTAL FUNDS CARRIED FORWARD**
89,327|Restricted
funds
£
1
-
-
-
-
1
-
-
-
614
614
(613)
5,085
4,472|31.3.24
Total
funds
£
26,263
4,110
24,730
2,831
18
57,952
-
38,372
25,583
764
64,719
(6,767)
100,566
93,799|31.3.23
Total
funds
£
15,687
4,540
18,599
2,621
407
41,854
178
35,761
27,258
570
63,767
(21,913)
122,479
100,566|
|---|---|---|---|
The notes form part of these financial statements
Page 6
## **HOPE Multiple Sclerosis Therapy Centre**
## **Balance Sheet 31 March 2024**
|Unrestricted
funds
Notes
£
**FIXED ASSETS**
Tangible assets
13
8,275
**CURRENT ASSETS**
Debtors
14
1,295
Cash at bank
81,243
82,538
**CREDITORS**
Amounts falling due within one year
15
(1,486)
**NET CURRENT ASSETS**
81,052
**TOTAL ASSETS LESS CURRENT**
**LIABILITIES**
89,327
**NET ASSETS**
89,327
**FUNDS**
16
Unrestricted funds
Restricted funds
**TOTAL FUNDS**|Restricted
funds
£
-
-
4,472
4,472
-
4,472
4,472
4,472|31.3.24
Total
funds
£
8,275
1,295
85,715
87,010
(1,486)
85,524
93,799
93,799
89,327
4,472
93,799|31.3.23
Total
funds
£
9,391
1,980
91,539
93,519
(2,344)
91,175
100,566
100,566
95,481
5,085
100,566|
|---|---|---|---|
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 notes form part of these financial statements
continued...
Page 7
## **HOPE Multiple Sclerosis Therapy Centre**
## **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 ............................................. and were signed on its behalf by:
.............................................
K Kindon - Trustee
.............................................
M J Parry - Trustee
The notes form part of these financial statements
Page 8
**HOPE Multiple Sclerosis Therapy Centre**
## **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.
## **Tangible fixed assets**
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Leasehold Property Improvement - 20% on reducing balance Fixtures and fittings - 15% on reducing balance
## **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.
Designated reserves comprise:
(i) a building reserve fund, being funds set aside with a view to acquiring a freehold property from which the charity may in the future conduct its affairs
(ii) Funds to allow for the replacement of the oxygen Chamber
Further explanation of the nature and purpose of each fund is included in the notes to the financial statements.
continued...
Page 9
## **HOPE Multiple Sclerosis Therapy Centre**
## **Notes to the Financial Statements - continued for the Year Ended 31 March 2024**
|**2.**|**DONATIONS AND LEGACIES**|**DONATIONS AND LEGACIES**|||
|---|---|---|---|---|
||||31.3.24|31.3.23|
||||£|£|
||Collection boxes||235|388|
||Donations||26,028|15,299|
||||26,263|15,687|
|**3.**|**OTHER TRADING ACTIVITIES**||||
||||31.3.24|31.3.23|
||||£|£|
||Fundraising events||1,901|1,571|
||Membership & Subscriptions||930|1,050|
||||2,831|2,621|
|**4.**|**INVESTMENT INCOME**||||
||||31.3.24|31.3.23|
||||£|£|
||Deposit account interest||18|407|
|**5.**|**INCOME FROM CHARITABLE ACTIVITIES**||||
||||31.3.24|31.3.23|
|||Activity|£|£|
||Oxygen Chamber|Oxygen Therapy Centre|4,110|4,540|
||Local Health Board|Physiotherapy Services|-|480|
||Physiotherapy treatment|Physiotherapy Services|15,355|12,365|
||Parkinsons Society|Physiotherapy Services|9,375|5,754|
||||28,840|23,139|
continued...
Page 10
**HOPE Multiple Sclerosis Therapy Centre**
## **Notes to the Financial Statements - continued for the Year Ended 31 March 2024**
## **6. RAISING FUNDS**
## **Raising donations and legacies**
||**Raising donations and legacies**||||
|---|---|---|---|---|
||||31.3.24|31.3.23|
||||£|£|
||Support costs||-|178|
|**7.**|**CHARITABLE ACTIVITIES COSTS**||||
||||Support||
|||Direct|costs (see||
|||Costs|note 8)|Totals|
|||£|£|£|
||Oxygen Therapy Centre|35,280|3,092|38,372|
||Physiotherapy Services|24,853|730|25,583|
||Carers activities|764|-|764|
|||60,897|3,822|64,719|
|**8.**|**SUPPORT COSTS**||||
||||Governance||
|||Management|costs|Totals|
|||£|£|£|
||Oxygen Therapy Centre|1,742|1,350|3,092|
||Physiotherapy Services|730|-|730|
|||2,472|1,350|3,822|
|**9.**|**NET INCOME/(EXPENDITURE)**||||
||Net income/(expenditure) is stated after charging/(crediting):||||
||||31.3.24|31.3.23|
||||£|£|
||Depreciation - owned assets||1,526|1,741|
## **10. 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.
continued...
Page 11
**HOPE Multiple Sclerosis Therapy Centre**
## **Notes to the Financial Statements - continued for the Year Ended 31 March 2024**
## **11. STAFF COSTS**
|**11.**|**STAFF COSTS**|||||
|---|---|---|---|---|---|
||||31.3.24||31.3.23|
||||£||£|
||Wages and salaries||8,794||9,610|
||||8,794||9,610|
||The average monthly number of employees during the year was|as follows:||||
||||31.3.24||31.3.23|
||Employees||1||1|
||No employees received emoluments in excess of £60,000.|||||
|**12.**|**COMPARATIVES FOR THE STATEMENT OF FINANCIAL ACTIVITIES**|||||
|||Unrestricted|Restricted||Total|
|||funds|funds||funds|
|||£|£||£|
||**INCOME AND ENDOWMENTS FROM**|||||
||Donations and legacies|15,687||-|15,687|
||**Charitable activities**|||||
||Oxygen Therapy Centre|4,540||-|4,540|
||Physiotherapy Services|18,119|480||18,599|
||Other trading activities|2,621||-|2,621|
||Investment income|407||-|407|
||**Total**|41,374|480||41,854|
||**EXPENDITURE ON**|||||
||Raising funds|178||-|178|
||**Charitable activities**|||||
||Oxygen Therapy Centre|35,761||-|35,761|
||Physiotherapy Services|26,778|480||27,258|
||Carers activities|60|510||570|
||**Total**|62,777|990||63,767|
||**NET INCOME/(EXPENDITURE)**|(21,403)|(510)||(21,913)|
||**RECONCILIATION OF FUNDS**|||||
||Total funds brought forward|116,884|5,595||122,479|
||**TOTAL FUNDS CARRIED FORWARD**|95,481|5,085||100,566|
continued...
Page 12
**HOPE Multiple Sclerosis Therapy Centre**
## **Notes to the Financial Statements - continued for the Year Ended 31 March 2024**
## **13. TANGIBLE FIXED ASSETS**
|**13.**|**TANGIBLE FIXED ASSETS**||||
|---|---|---|---|---|
|||Leasehold|Fixtures||
|||Property|and||
|||Improvement|fittings|Totals|
|||£|£|£|
||**COST**||||
||At 1 April 2023|7,090|39,996|47,086|
||Additions|-|410|410|
||At 31 March 2024|7,090|40,406|47,496|
||**DEPRECIATION**||||
||At 1 April 2023|5,958|31,737|37,695|
||Charge for year|226|1,300|1,526|
||At 31 March 2024|6,184|33,037|39,221|
||**NET BOOK VALUE**||||
||At 31 March 2024|906|7,369|8,275|
||At 31 March 2023|1,132|8,259|9,391|
|**14.**|**DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR**||||
||||31.3.24|31.3.23|
||||£|£|
||Other debtors||1,295|1,980|
|**15.**|**CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR**||||
||||31.3.24|31.3.23|
||||£|£|
||Accrued Expenses||232|1,186|
||Accountancy Costs||1,254|1,158|
||||1,486|2,344|
continued...
Page 13
## **HOPE Multiple Sclerosis Therapy Centre**
## **Notes to the Financial Statements - continued for the Year Ended 31 March 2024**
## **16. MOVEMENT IN FUNDS**
|**Unrestricted funds**
General Fund
Repairs and Renewals Fund
Designated Chamber Replacement Fund
**Restricted funds**
Carers Fund
**TOTAL FUNDS**
Net movement in funds, included in the above are as follows:
**Unrestricted funds**
General Fund
**Restricted funds**
Carers Fund
**TOTAL FUNDS**
**Comparatives for movement in funds**
**Unrestricted funds**
General Fund
Repairs and Renewals Fund
Designated Chamber Replacement Fund
**Restricted funds**
Carers Fund
**TOTAL FUNDS**|At 1.4.23
£
65,481
10,000
20,000
95,481
5,085
100,566
Incoming
resources
£
57,951
1
57,952
At 1.4.22
£
86,884
10,000
20,000
116,884
5,595
122,479|Net
movement
At
in funds
31.3.24
£
£
(6,154)
59,327
-
10,000
-
20,000
(6,154)
89,327
(613)
4,472
(6,767)
93,799
Resources
Movement
expended
in funds
£
£
(64,105)
(6,154)
(614)
(613)
(64,719)
(6,767)
Net
movement
At
in funds
31.3.23
£
£
(21,403)
65,481
-
10,000
-
20,000
(21,403)
95,481
(510)
5,085
(21,913)
100,566|
|---|---|---|
continued...
Page 14
**HOPE Multiple Sclerosis Therapy Centre**
## **Notes to the Financial Statements - continued for the Year Ended 31 March 2024**
## **16. 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|41,374|(62,777)|(21,403)|
|**Restricted funds**||||
|Physiotherapy Fund|480|(480)|-|
|Carers Fund|-|(510)|(510)|
||480|(990)|(510)|
|**TOTAL FUNDS**|41,854|(63,767)|(21,913)|
A current year 12 months and prior year 12 months combined position is as follows:
|**Unrestricted funds**
General Fund
Repairs and Renewals Fund
Designated Chamber Replacement Fund
**Restricted funds**
Carers Fund
**TOTAL FUNDS**|At 1.4.22
£
86,884
10,000
20,000
116,884
5,595
122,479|Net
movement
in funds
£
(27,557)
-
-
(27,557)
(1,123)
(28,680)|At
31.3.24
£
59,327
10,000
20,000|
|---|---|---|---|
||||89,327
4,472|
||||93,799|
Page 15
continued...
**HOPE Multiple Sclerosis Therapy Centre**
## **Notes to the Financial Statements - continued for the Year Ended 31 March 2024**
## **16. MOVEMENT IN FUNDS - continued**
A current year 12 months and prior year 12 months combined net movement in funds, included in the above are as follows:
||Incoming|Resources|Movement|
|---|---|---|---|
||resources|expended|in funds|
||£|£|£|
|**Unrestricted funds**||||
|General Fund|99,325|(126,882)|(27,557)|
|**Restricted funds**||||
|Physiotherapy Fund|480|(480)|-|
|Carers Fund|1|(1,124)|(1,123)|
||481|(1,604)|(1,123)|
|**TOTAL FUNDS**|99,806|(128,486)|(28,680)|
## **17. RELATED PARTY DISCLOSURES**
There were no related party transactions for the year ended 31 March 2024.
## **18. GOING CONCERN**
These financial statements are prepared on the going concern basis. Despite Covid-19 the trustees have a reasonable expectation that the charity will continue in operational existence for the foreseeable future.
Page 16
## **HOPE Multiple Sclerosis Therapy Centre**
||**Detailed Statement of Financial Activities**|||
|---|---|---|---|
||**for the Year Ended 31 March 2024**|||
|||31.3.24|31.3.23|
|||£|£|
|**INCOME AND ENDOWMENTS**||||
|**Donations and legacies**||||
|Collection boxes||235|388|
|Donations||26,028|15,299|
|||26,263|15,687|
|**Other trading activities**||||
|Fundraising events||1,901|1,571|
|Membership & Subscriptions||930|1,050|
|||2,831|2,621|
|**Investment income**||||
|Deposit account interest||18|407|
|**Charitable activities**||||
|Local Health Board||-|480|
|Physiotherapy treatment||15,355|12,365|
|Oxygen Chamber||4,110|4,540|
|Parkinsons Society||9,375|5,754|
|||28,840|23,139|
|**Total incoming resources**||57,952|41,854|
|**EXPENDITURE**||||
|**Charitable activities**||||
|Wages||8,794|9,610|
|Rates and water||354|402|
|Insurance||5,800|5,020|
|Light and heat||1,006|1,365|
|Professional fees||666|660|
|Physiotherapist||18,395|20,285|
|Chamber Costs||1,306|1,107|
|Property Lease||12,600|10,800|
|Property refurbishment||2,228|1,675|
|Cleaning & laundry||3,580|3,067|
|Membership & Subscriptions||603|340|
|British Oxygen||2,880|3,681|
|Physiotherapy consumables||395|450|
|Carers hospitality||764|570|
|Carried forward||59,371|59,032|
This page does not form part of the statutory financial statements
Page 17
## **HOPE Multiple Sclerosis Therapy Centre**
||**Detailed Statement of Financial Activities**|||
|---|---|---|---|
||**for the Year Ended 31 March 2024**|||
|||31.3.24|31.3.23|
|||£|£|
|**Charitable activities**||||
|Brought forward||59,371|59,032|
|Improvements to property||226|283|
|Fixtures and fittings||1,300|1,458|
|||60,897|60,773|
|**Support costs**||||
|**Management**||||
|Telephone||1,089|1,140|
|Postage and stationery||1,110|280|
|Bank Charges||273|223|
|||2,472|1,643|
|**Governance costs**||||
|Accountancy fees||1,350|1,351|
|Total resources expended||64,719|63,767|
|**Net expenditure**||(6,767)|(21,913)|
This page does not form part of the statutory financial statements
Page 18