Docusign Envelope ID. 72293BFF4C72-45E2-98B54476A2886FBC Charlty No.. 1176317 NRT Accounts For The Year Ended 31 December 2023 Docusign Envdope ID". 72293BFF4C7245E2-98B54476A2886FBC NRT CONTENTS Charity Delails Annual Report Independent Examiner's Report R8C8lPts and Payments Account Statement of Assets and Liabilitiès Notes to the Receipts and Payrnenls Account Docusign Envelope ID. 72293BFF4C72-45E2-98B54476A2886FBC NRT CHARITY DETAILS Trust8es: Giaham Servante Peter Barton Julie Barton Registered office.. Fernie House Rosside Ulverston LA12 7NS 1nd•￿nd+rtt Examinèr. Nicda Mason FCA, DChA MHA Richard House Winckley Square Preston PR13HP Bankers: Bardays Page 1 Docusign Envelope ID. 72293BFF4C72-45E2-98B54476A2886FBC NRT ANNUAL REPORT FOR THE YEAR ENDED 31 DECEMBER 2023 Thè trustees prèsènt their report and accounts for thè year ended 31 Deeetllbèr 2023, whieh have b&8n preparèd on 8 receipts and payments basis. The financial statements have been prepared in accord8nce with the charity's constitution and applicable law. Structurè, gov•rnaneè and managèmènt NRT is a Charitable Incorporated Organisation ICIOI with its constitution being dated 15 D￿mber 2017. The CIO obtained charitable status on 15 December 2017. Training and instructions are provided for new Iruste8s by means of meetings with the current trustees and the provisDn of documentation in relation lo resFonsibililies and procedures. The Trustees are shown on page 1. Oblectlves, actlvltles, achlevements, performance and publlc beneflt The objects are. lo advance the understanding andlor treatment of Neurologic81 diseases by making grants to the UCL Institute of Neurology and, potentialty, to other similarly well established centres for neurological disease research. In planning our activities for the year, we have taken into account the Charity Commission's guidance on public benefit at our trustee rneelings. Over 4 million people in the UK are Iwing with a neurodegenerative disease. Mole people are likely to die from neurological disease than frorn Cancer or Heart Disease yel neurological research is currently much less well funded. NRT'S objective is to provide start-up finance for practical neurological research in less well funded areas. All NRT costs are personally met by the Trustees which means that 100°A of any donation goes direcdy into practic81 research. Achlevements and perfom)ance The Trustees are delighted that NRT h85 raised £125,250 during the year from donations. During the year NRT donated £24,000 to The National Brain Appeal. Financial review The net income for the year was £101,250 12022". Net expenditure of £31,746) as shown in the receipts and payments aeeount on page 5. Al expenses and overheads continue to be met by the Trustees. Cash is held by NRT lo cover grants made or expected to be made to approved projects. Further projects are approved as and when the Trustees are confident they will have sufficient funds to sUp￿rt those projects. As at 31 December 2023 cash held was £226,819. Plans for future periods Going forward the charity will aim to increase income generation year on year. The trustees look forward to conb"nuing their support for approved projeets and to startino new projects as funding allows. Page 2 Docusign Envelope ID. 72293BFF4C72-45E2-98B54476A2886FBC NRT ANNUAL REPORT FOR THE YEAR ENDED 31 DECEMBER 2023 In view of thé lèvèl of ineorne thé charity has preparèd thesè aceounts on thè raeeipts and paymènts basis, summarising 811 money received or paid by the ch8rty during the year. A ststernent giving detsils of the assets and liabilities at the end of the year is prOV￿ed on page 6. October 14, 2024 This report was approvèd by thè Trustaès on and signèd on thèir bèhalf. Peter BarlDn Page 3 Docusign Envelope ID. 72293BFF4C72-45E2-98B54476A2886FBC NRT INDEPENDENT EXAMINER'S REPORT TO THE TRUSTEESIMEMBERS I réport to thè charity trustees on my èxamination of thè aeeounts of tha charity for thè yèar éndèd 31 DècÉmbèr 2023 which are sel out on pages 5 to 7. ResponslbllStles and basls of report As the Gharity's trustees you are responsible for the preparation of the accounts in 8¢cord8nce with the requirements of the Charities Act 20111'the Act'l. I report in respect of my examination of the charity's accounts carried out under section 145 of the Act and in carrying out my examination I have followed 811 the applicable DIr￿tionS given by the Gharily Cornrnission under section 14515llbl ol the Act. Independent Examiner's Statement I have completed my examination. I confirm that no material matters have come tts my attention in connection with the examination giving me caLJse to believe that in any material respect.. accounting records were not kept in respect of the charity as required by section 130 01 the Act,. or thè accounts do not accord with those records., or the accounts do not oomply with the applicable requirements conoerning the form and content of aGGounts set out in the Charities (Accounts and Reports) Regulations 2008 other than any requirement that the accounts give a Irue and fair view, which is not a matter considered as part of an independent èxamination. I have no concerns and have come across no other matters in connection with the examination lo which attention should be drawn in this report in order to enable a proper understanding of the account5 to be leached Nlcola Mason FCA, DChA MHA Chartered Accountants Preston Date.. October 16, 2024 Page4 Docusign Envelope ID. 72293BFF4C72-45E2-98B54476A2886FBC NRT RECEIPTS AND PAYMENTS ACCOUNT FOR THE YEAR ENDED 31 DECEMBER 2023 2023 Restricted 2022 Total Unrestricted Total Receipts Donat￿nS Grants Received 125,250 125,250 139,904 Total receipts 125,250 125,250 139.904 Paymènts Dlrect CharStable Expendlture Grants paid 124,0001 124,0001 1171,6501 Total paym•nts 24,0001 124.0001 1171,6501 Not R8c&lptsllPaymantsl for th• Yaar 101,250 101,250 131,7461 Fund balances brought forward 24,879 100,690 125,569 157.315 Cash and bank balances 31 December 2023 126,129 100.690 226,819 125,569 AJI of the income in the previous period related to unrestricted funds, and expenditure in the previous pericxj rglated to r8strioted and unrestrictgd funds. Page 5 Docusign Envelope ID. 72293BFF4C72-45E2-98B54476A2886FBC NRT STATEMENT OF ASSETS AND LIABILITIES AS AT 310ECEMBER 2023 2023 Total 2022 Total Cash Funds Cash in bank and in hand 226,819 125,569 Total Funds per Recelpts and Payments Account 226,819 125,569 Fixed Assets Declaration The re￿Ipts and payments accounl for the financial year ended on 31 December 2023 and the statement of assèts and liabilitiès at that datÈ aré appiovèd by thé Trustéas. For and on behalf of the Trustees.. Peter Barton October 14, 2024 Dale Page 6 Docusign Envelope ID. 72293BFF4C72-45E2-98B54476A2886FBC NRT NOTES TO THE RECEIPTS AND PAYMENTS ACCOUNT FOR THE YEAR ENDED 31 DECEMBER 2023 Accounting policies These aeeounts have been prepared on the receipts and payments basis. Expenditure is inclLJsive of VAT. Transactions wlth trust•ès and oth&r r&lat•d partl&s No remuneration or other benefits were paid to the charity's trustees or people connected with them. Reimbursed expenses for out of pocket expenditure are disclosed on the face of the receipts and payments account. No transactions with related parties took place during the year. Administrative expenses The Trustees ol the charrty have committed to pay any administrats.ve expenses incuried personally to ensure that income generated can be used in full to fund grant awards. At the year end professional fees of £37512022.. £9401 were due to be paid by the Trustees. Page 7