2023-03-31-accounts - Multiple System Atrophy Trust

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			Pages
Report ofthe Chair			2-3
Report ofthe Trustees			4-14
Independent Auditor's	Report		15-20
Statement of FinancialActi	dtles	(including the Income and Expenditure	account)
Balance Sheet			22-23
Statement ofCash Flows			24
Notes to rhe Financial	Statements		25-36

AR ENDED 31MARCH 2	023
			Unrestricted	Restricted	Total funds	Total funds
		Note	Income Fund	Income	2023	2022
				Fund
Income and endowments	from:
Donations and legacies			586,627	497,995	1,084,622	1,053,821
Activities for generating	funds		254,711		254,711	172,872
Investments			23,992		23,992	535
Total income and endowments			865,330	497,995	1,363,325	1,227,228
Expenditure on:
Raising funds		7	277,217		277,217	265,093
Charitable activities		7	450,315	628,235	1,078,550	796,242
Total expenditure		7	727,532	628,235	1,355,767	1,061,335
Net gains/(losses) on investments			(12,440)		(12,440)	104,658
Net income/(expenditure)			125,358	[130,240)	(4,882)	270,551
Transfers between funds
Net movement in funds			125,358	(130,240)	(4,882)	270,551
Recondliation offunds:
Total Funds at31March	2022		2,096,785	282,167	2,378,952	2,108,401
Total funds at31March	2023		2,222,143	151,927	2,374,070	2,378,952

31MARCH	2023
					Unrestricte	Restricted	Total	Total
				Note	d Income	Income	funds	funds
					Fund	Fund	2023	2022
Fixed assets
Tangible assets				1'1	9,240		9,240	12,104
Investments				12	1,826,007	613,453	2,439,460	2,433,525
					1,835,247	613,453	2,448,700	2,445,629
Current assets
Stocks				13	13,012		13,012	8,505
Debtors				14	145,694		145,694	64,874
Cash at bank	and in	hand		15	270,321		270,321	339,096
					429,027		429,027	412,475
Liabilities:
Creditors: Amounts		falling due vvithin one		16	(42,131)	(222,018)	(264,'149)	(239,787)
year
Net current	assets/(liabilities)				386,896	(222,018)	164,878	172,688
Total assets	less current		liabilities		2,222,143	391,435	2,613,578	2,618,317
Creditors: Amounts		falling due after more		17		(239,508)	(239,508)	(239,365)
than one year
Net assets/(liabilities)					2,222,143	151,927	4374,070	2,378,952
Charity Funds
Unrestricted	funds				2,216,208		2,216,208	1,991,656
Revaluation	reserve				5,935		5,935	105,129
Restricted funds				22		151,927	151,927	282,167
Total charity	funds				2,222,143	151,927	2,374,070	2,378,952

			Total funds	Total funds
		Note	2023	2022
			E
carhflow from operating	activities	18	(71,900)	154,0S1
Cash flew from investing	activities
Interest received			23,992	S35
Payments to acquire oftangible fixed assets			(2,492)	(6,489)
Receipts from sales oftangible assets
Payments to acquire investments			(18,375)	(471)
Receipts from sale ofinvestments
Net cash flow from investing activities			3,125	(6,425)
Change in cash and cash equivalents			(68,775)	147,626
Cash and cash equivalents	brought forward		339,096	191,470
Cash and cash equivalents	carried forward		270,321	339,096
Cash and cash equivalents	consist of;
Cash at bank and in hand			270,321	339,096
Short term deposits
Cash and cash equivalents	at31March 2023		270,321	339,096

Income	from donations and legacies
		Unrestricted	Restricted	Total	Total
		Income	Incan)e	2023	2022
		Fund	Fund
		f	E	f	f
Donatians	and legacies
Donations	under the Gift Aid scheme	76,385		76,385	64,933
Legacy donations		43,497		43,497	135,408
Memoriam	donations	'213,585	3,635	217,220	218,494
Other danations		253,160	494,360	747,520	634,986
		'586,627	497,995	1,084,622	1,053,821

	Unrestricted	Restricted	Total	Total
	Income	Income	2023	2022
	Fund	Fund
Event income	241,374		241,374	158,410
Merchandise	13,337		13,337	14,462
	254,711		254,711	172,872

Investment inc	ome
			Unrestricted	Restricted	Total	Total
			Income	Income	2023	2022
			Fund	Fund
			E	E	E	E
Interest receivable	from UK deposg	account	2,303		2,303	535
income receivable	from investment	fund	21,689		21,689
managers
			23,992		23,992	535

Net inco	me/(expenditu	re) and n	et movemarns in funds have	been stated after charging	:
				Total	Total
				2023	2022
Depreciation	oftangible	fixed assets		5,356	4,629
(Profit)/loss	on fair value	movement	ofinvestments	12,440	(104,658)

. Analysis ofreso	urces expended
		Total	Total
		2023	2022
Cost ofgenerating	funds
Merchandise		3,605	4,218
Events and catering		12,912	5,907
Salaries		133,962	139,757
PR and Marketing		5,772	3,560
Support costs		120,966	111,651
		277,217	265,093

		Direct	Support	Total	Total
		activities	costs	2023	2022
		f	f	f
Charitable	aclivities
Research		473,579	19,245	492,824	307,836
Info and patient support		451,015	134,711	585,726	488,406
		924,594	153,956	1,078,550	796,242

			Cost of	Research	Info and	Total
			generating		patient
			funds		support
					E
Bookkeeping	and administration	fees	528		588	1,200
Rent			13,226	2,104	14I729	30,059
Office costs			77,080	12,263	85I839	175,182
Sundry			333	53	369	755
Governance	costs (see note 8)		29,799	4,741	33,186	67,726
			120,966	19,245	134,711	274,922

			Total	Total
			2023	2022
Auditor's	remuneration		4,774	4,203
Accountancy		fees	3,082	2,788
Professional		fees	24,238	31,251
Salaries			35,299	25,739
Trustees'	Meetings		333	51
			67,726	64,032

Analysis ofgrants
	Grants to	Direct	Support	Total
	Institutions	costs	costs
				E
Prof5Gentleman	133,103			133,103
Prof A Lowit	98,629			98,629
Prof C Proultakis	128,954			128.954
Dr V Cheiban	87,280			87,280
	447,966			447,966

. Staff costs e average number ofpersons employed by the charity during	the year was:
	Total	Total
	'2023	2022
	E
Office staff	10
Specialist nurses	6
Advocacy Office/Social Welfare Specialist	1
	17	15

. Staffcosts (continued)
	Total	Total
	2023	2022
Gross wages	545,896	482,177
Social security	50,064	42,317
Pension costs	25,701	24,041
	621,661	548,535

		Office	Patient	Total
		equipment	Aids
		E
Cost or valuation
At April 2022		29,254	57,577	86,831
Additions		2,492		2,492
Disposals		(289)		(289)
At31March	2023	31,457	57,577	89,034
Depreciation
At April 2022		19,285	55,442	74,727
Charge forthe year		3,646	1,710	5,356
Elimination	on disposal	(289)		(289)
At 31March	2023	22,642	57)152	79,794
Net BookVa(ue
At 31Iviarch	2023	8,815	425	9,240
At 31IVlarch	2022	9,969	2,135	12,104

AR ENDED 3 2.Investments	1MARCH	20	23
				Total
				2023
Cost or valuation
At 1April 2022				2,433,525
Additions				18,375
Disposals
Revaluation				(12,440)
At 31March	2023			2,439,460
Impairment
At 1April 2022 and 31March 2023
Carrying amount
At 31March	2023			2,439p460
At 31Iviarch	2022			2,433,525
					Market
				Cost	Value
				31March	31March
				2023	2023
The Trustees'	Investments		were made up as
follows:
CCLA				2,005,027	2,439,460
				2,005,027	2,439,460
				31March	31March
				2023	2022
Investments	at fair value		compdse:
Equities				1,102,135	1,114,575
Cash with Investment		portfolio		1,337,325	1,318,950
				2,439,460	2,433,525

2023	2022
	6
13,012	8,505

.Stock	2023	2022 6
Finished goods: Merchandise	13,012	8,505
,Debtors
	2023	2022
		E
Other debtors	125,694	22,345
Accrued income	20,000	42,529
	145,694	64,874

.Cash at ban'k
			Unrestricted	Restricted	Total	Total
			Income	income	funds	funds
			funds	funds	2023	2022
				E	E
Cash committed	for	research grant funding
Other cash			?70,321		270,321	339,096
			270,321		270,321	339,096
.Creditors: amounts		falling due within one year
					2023	2022
					E	E
Accrual for research		grants			222,018	209,801
Ot'her taxation	and	social security			13,512	10,722
Ot'her creditors					28,619	19,264
					264,149	239,787

,Credit	ors:	amounts	falling due after mora than one	year
				2023	2022
					E
Accrual	for	Research	grants	239,508	239,365

8, Reconciiiat	ion o	fnet move	ment in funds tonet cash flo	w from operating activities
				Total	Total
				funds	funds
				2023	2022
				E	E
Movement in	net funds			(4,882)	270,551
Depreciation	oftangible fixed		assets	5,356	4,629
Interest receivable				{23,992)	(535)
(Gains)/losses	on investments			12,440	(104,6581
Decrease/(increase)		ln stocks		(4,507)	(935)
Decrease/(Increase)		in debtors		(80,820)	178,335
Increase/(Decrease)		in creditors		24,505	(193,336)
Net cash flow	from	operating	activities	(71,900)	154,051

			Total	Total
			funds	funds
			2023	2022
Within	one	year	2,404	2,404
Within	one	to five years	2,916	5,320
			5,320	7,724

	Research	hiurse	Regin nai	Other	Total	Total
		specialists	Core		2023	2022
		E	E	E
Brought forward funds	282,167				282,167	244,710
Income arising in the year	317&726	36,951	49,068	94,250	497,995	474,364
Expenses paid during the year	(447,966)	(36,951)	(49,068)	(94,250)	(628,235)	(436,907)
Carried forward funds	151,927				151,927	282,167

.Analysis	o	ffunds
				At1April	Incoming	Resources	Gains	At31
				2022	resources	expended	and	March
							losses	2023
							E	f.
Analysis of		movements	in funds
Unrestricted		fund		2,096,785	865,330	(727,532)	(12,440)	2,222,143
Restricted	fund			282,167	497,995	(628,235)		151,927

			Fixed	Net	Non-	Total
			assets	current	current
				assets	creditors
			E	E	E	E
Unrestricted		fund	1,835,247	386,896		2,222,143
Restricted	fund		613,453	(222,018)	(239,508)	151,927
			2+48,700	164,878	(239,508)	2,374,070

Financia	I assets	2023	2022
Other debtors		125,694	22,345
		125,694	22,345
Financial	liabilities	2023	2022
Research	grants	461526	449,166
Other creditors		42,131	29,986
		503,657	479,153

ir transaction value and subsequently measure closing quoted market price:	d at their fair value as at the balance she	et date usin
Financial assets	2023	2022
		E
Investments	2,439,460	2,433,525