REGISTERED COMPANY NUMBER: 02215138 (England and Wales) REGISTERED CHARITY NUMBER: 700382
Report of the Trustees and
Unaudited Financial Statements for the Year Ended 31 December 2022
for
Multiple Sclerosis Therapy Centre (South Yorkshire) Ltd
Heather Lea Business Services 49 Heather Lea Avenue Sheffield S17 3DL
Contents of the Financial Statements for the Year Ended 31 December 2022
Multiple Sclerosis Therapy Centre (South Yorkshire) Ltd
| Page | |||
|---|---|---|---|
| Report of the Trustees | 1 | to | 2 |
| Independent Examiner's Report | 3 | ||
| Statement of Financial Activities | 4 | ||
| Balance Sheet | 5 | to | 6 |
| Notes to the Financial Statements | 7 | to | 13 |
| Detailed Statement of Financial Activities | 14 | to | 15 |
Multiple Sclerosis Therapy Centre (South Yorkshire) Ltd
Report of the Trustees for the Year Ended 31 December 2022
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 December 2022. 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 main purpose of the company is to provide support to people affected by multiple sclerosis and other neurological or life changing conditions..
Our mission is to strive for excellence in providing support for the sufferers of multiple sclerosis and other neurological or life changing conditions.
Significant activities
The principal activity continues to be that of supporting people affected by multiple sclerosis and other neurological or life changing conditions in the local area.
FINANCIAL REVIEW
Reserves policy
The directors policy is to build up our free reserves to a level which will be sufficient to cover all our expenses for a period of at least one year assuming that no income was received.
Through this financial period, it has bee difficult to obtain any external funding as many Grants and Trust applications are not being accepted and most supermarket and event funding has stopped.
There have been no furlough payments this year, which had been a great support towards paying staff wages.To add to this, Utility Bills and other expenditure have increase at an unprecedented rate.
Some members have continued to gift regular 'good will' donations even though they are receiving the corresponding therapies. Another support in our financial situation has been the missed appointments payment policy which has not only reduced the number of empty therapy slots but has also significantly reduced the loss of income incurred through missed appointments.
STRUCTURE, GOVERNANCE AND MANAGEMENT
Governing document
The charity is controlled by its governing document, a deed of trust, and constitutes a limited company, limited by guarantee, as defined by the Companies Act 2006.
Risk management
The trustees have a duty to identify and review the risks to which the charity is exposed and to ensure appropriate controls are in place to provide reasonable assurance against fraud and error.
We consider that the systems we have in place to mitigate such risks appear to be adequate in normal circumstances.
REFERENCE AND ADMINISTRATIVE DETAILS
Registered Company number
02215138 (England and Wales)
Registered Charity number
700382
Page 1
Multiple Sclerosis Therapy Centre (South Yorkshire) Ltd
Report of the Trustees for the Year Ended 31 December 2022
Registered office
Bradbury House 25 Saint Marys Drive Catcliffe Rotherham South Yorkshire S60 5TN
Trustees
C R Hardman (resigned 23.5.22) M Jones (resigned 23.5.22) M P Jones (resigned 23.5.22) S Eccles S Hussain S Crosby K L Herring L A Ratcliffe D E Ryczek M L Mitchell (appointed 14.6.22)
Company Secretary
S Hussain
Independent Examiner
D Mangles FCA Institute of Chartered Accounts in England and Wales Heather Lea Business Services 49 Heather Lea Avenue Sheffield S17 3DL
This report has been prepared in accordance with the special provisions of Part 15 of the Companies Act 2006 relating to small companies.
Approved by order of the board of trustees on ............................................. and signed on its behalf by:
....................................................................... S Hussain - Secretary
Page 2
Independent Examiner's Report to the Trustees of Multiple Sclerosis Therapy Centre (South Yorkshire) Ltd
Independent examiner's report to the trustees of Multiple Sclerosis Therapy Centre (South Yorkshire) Ltd ('the Company')
I report to the charity trustees on my examination of the accounts of the Company for the year ended 31 December 2022.
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:
-
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
-
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
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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.
D Mangles FCA Institute of Chartered Accounts in England and Wales Heather Lea Business Services 49 Heather Lea Avenue Sheffield S17 3DL
Date: .............................................
Page 3
Multiple Sclerosis Therapy Centre (South Yorkshire) Ltd
Statement of Financial Activities for the Year Ended 31 December 2022
| Unrestricted fund Notes £ INCOME FROM Donations 87,672 Other trading activities 2 16,329 Investment income 3 3 Total 104,004 EXPENDITURE ON Raising funds 4 137,953 Other 4,444 Total 142,397 NET INCOME/(EXPENDITURE) (38,393) RECONCILIATION OF FUNDS Total funds brought forward 139,457 TOTAL FUNDS CARRIED FORWARD 101,064 |
Restricted fund £ - - - - - 5,273 5,273 (5,273) 195,096 189,823 |
31.12.22 31.12.21 Total Total funds funds £ £ 87,672 90,036 16,329 14,420 3 - 104,004 104,456 137,953 93,815 9,717 8,340 147,670 102,155 (43,666) 2,301 334,553 332,252 290,887 334,553 |
31.12.22 31.12.21 Total Total funds funds £ £ 87,672 90,036 16,329 14,420 3 - 104,004 104,456 137,953 93,815 9,717 8,340 147,670 102,155 (43,666) 2,301 334,553 332,252 290,887 334,553 |
|---|---|---|---|
| 104,456 | |||
| 93,815 8,340 |
|||
| 102,155 | |||
| 2,301 332,252 |
|||
| 334,553 |
The notes form part of these financial statements
Page 4
Multiple Sclerosis Therapy Centre (South Yorkshire) Ltd
Balance Sheet
31 December 2022
| Unrestricted fund Notes £ FIXED ASSETS Tangible assets 9 41,050 CURRENT ASSETS Debtors 10 - Cash at bank and in hand 61,700 61,700 CREDITORS Amounts falling due within one year 11 (1,686) NET CURRENT ASSETS 60,014 TOTAL ASSETS LESS CURRENT LIABILITIES 101,064 NET ASSETS 101,064 FUNDS 12 Unrestricted funds Restricted funds TOTAL FUNDS |
Restricted fund £ 189,823 - - - - - 189,823 189,823 |
31.12.22 Total funds £ 230,873 - 61,700 61,700 (1,686) 60,014 290,887 290,887 101,064 189,823 290,887 |
31.12.21 Total funds £ 239,068 9,167 89,087 98,254 (2,769) 95,485 334,553 334,553 139,457 195,096 334,553 |
|---|---|---|---|
The charitable company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 December 2022.
The members have not required the company to obtain an audit of its financial statements for the year ended 31 December 2022 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
Page 5
continued...
Multiple Sclerosis Therapy Centre (South Yorkshire) Ltd
Balance Sheet - continued 31 December 2022
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:
............................................. S Eccles - Trustee
............................................. S Hussain - Trustee
The notes form part of these financial statements
Page 6
Multiple Sclerosis Therapy Centre (South Yorkshire) Ltd
Notes to the Financial Statements for the Year Ended 31 December 2022
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.
Freehold property - 2% on cost Plant and machinery - 10% on cost
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.
Further explanation of the nature and purpose of each fund is included in the notes to the financial statements.
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continued...
Notes to the Financial Statements - continued for the Year Ended 31 December 2022
Multiple Sclerosis Therapy Centre (South Yorkshire) Ltd
| 2. OTHER TRADING ACTIVITIES Fundraising events Shop income Miscellaneous Drinks Room hire 3. INVESTMENT INCOME Bank interest 4. RAISING FUNDS Costs of raising income Rates and water Insurance Light and heat Telephone Postage and stationery Sundries Fundraising expenses Repairs and renewals Computers and online backup Licences Support costs |
31.12.22 £ 12,891 1,249 1,140 269 780 16,329 31.12.22 £ 3 31.12.22 £ 1,018 4,524 4,513 740 1,042 883 421 7,026 571 200 117,015 137,953 |
31.12.21 £ 13,111 842 462 5 - 14,420 31.12.21 £ - 31.12.21 £ 523 3,857 4,581 807 877 1,349 911 4,409 - - 76,501 |
|---|---|---|
| 93,815 |
Page 8
continued...
Multiple Sclerosis Therapy Centre (South Yorkshire) Ltd
Notes to the Financial Statements - continued for the Year Ended 31 December 2022
5. NET INCOME/(EXPENDITURE)
Net income/(expenditure) is stated after charging/(crediting):
| 31.12.22 | 31.12.21 | |
|---|---|---|
| £ | £ | |
| Depreciation - owned assets | 8,195 | 8,195 |
6. TRUSTEES' REMUNERATION AND BENEFITS
There were no trustees' remuneration or other benefits for the year ended 31 December 2022 nor for the year ended 31 December 2021.
Trustees' expenses
There were no trustees' expenses paid for the year ended 31 December 2022 nor for the year ended 31 December 2021.
7. STAFF COSTS
The average monthly number of employees during the year was as follows:
| 31.12.22 | 31.12.21 | |||
|---|---|---|---|---|
| Admin Staff | 5 | 5 | ||
| No employees received emoluments in excess of £60,000. | ||||
| COMPARATIVES FOR THE STATEMENT OF FINANCIAL | ACTIVITIES | |||
| Unrestricted | Restricted | Total | ||
| fund | fund | funds | ||
| £ | £ | £ | ||
| INCOME FROM | ||||
| Donations | 90,036 | - | 90,036 | |
| Other trading activities | 14,420 | - | 14,420 | |
| Total | 104,456 | - | 104,456 | |
| EXPENDITURE ON | ||||
| Raising funds | 93,815 | - | 93,815 | |
| Other | 3,067 | 5,273 | 8,340 | |
| Total | 96,882 | 5,273 | 102,155 | |
| NET INCOME/(EXPENDITURE) | 7,574 | (5,273) | 2,301 |
8. COMPARATIVES FOR THE STATEMENT OF FINANCIAL ACTIVITIES
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continued...
Multiple Sclerosis Therapy Centre (South Yorkshire) Ltd
Notes to the Financial Statements - continued for the Year Ended 31 December 2022
| 8. COMPARATIVES FOR THE STATEMENT OF FINANCIAL ACTIVITIES - continued Unrestricted Restricted fund fund £ £ RECONCILIATION OF FUNDS Total funds brought forward 131,883 200,369 TOTAL FUNDS CARRIED FORWARD 139,457 195,096 9. TANGIBLE FIXED ASSETS Freehold Plant and property machinery £ £ COST At 1 January 2022 and 31 December 2022 409,736 18,852 DEPRECIATION At 1 January 2022 170,668 18,852 Charge for year 8,195 - At 31 December 2022 178,863 18,852 NET BOOK VALUE At 31 December 2022 230,873 - At 31 December 2021 239,068 - 10. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR 31.12.22 £ Prepayments - |
Total funds £ 332,252 334,553 Totals £ 428,588 189,520 8,195 197,715 230,873 239,068 31.12.21 £ 9,167 |
Total funds £ 332,252 |
|---|---|---|
| 334,553 |
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continued...
Multiple Sclerosis Therapy Centre (South Yorkshire) Ltd
Notes to the Financial Statements - continued for the Year Ended 31 December 2022
11. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
| Social security and other taxes Pension Accrued expenses 12. MOVEMENT IN FUNDS Unrestricted funds General fund Restricted funds Property fund TOTAL FUNDS Net movement in funds, included in the above are as follows: Unrestricted funds General fund Restricted funds Property fund TOTAL FUNDS |
At 1.1.22 £ 139,457 195,096 334,553 Incoming resources £ 104,004 - 104,004 |
31.12.22 31.12.21 £ £ 590 466 - 289 1,096 2,014 1,686 2,769 Net movement At in funds 31.12.22 £ £ (38,393) 101,064 (5,273) 189,823 (43,666) 290,887 Resources Movement expended in funds £ £ (142,397) (38,393) (5,273) (5,273) (147,670) (43,666) |
|---|---|---|
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continued...
Multiple Sclerosis Therapy Centre (South Yorkshire) Ltd
Notes to the Financial Statements - continued for the Year Ended 31 December 2022
12. MOVEMENT IN FUNDS - continued
Comparatives for movement in funds
| At 1.1.21 £ Unrestricted funds General fund 131,883 Restricted funds Property fund 200,369 TOTAL FUNDS 332,252 Comparative net movement in funds, included in the above are as follows: Incoming resources £ Unrestricted funds General fund 104,456 Restricted funds Property fund - TOTAL FUNDS 104,456 A current year 12 months and prior year 12 months combined position is as follows: At 1.1.21 £ Unrestricted funds General fund 131,883 Restricted funds Property fund 200,369 TOTAL FUNDS 332,252 |
Net movement At in funds 31.12.21 £ £ 7,574 139,457 (5,273) 195,096 2,301 334,553 Resources Movement expended in funds £ £ (96,882) 7,574 (5,273) (5,273) (102,155) 2,301 Net movement At in funds 31.12.22 £ £ (30,819) 101,064 (10,546) 189,823 (41,365) 290,887 |
|---|---|
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continued...
Multiple Sclerosis Therapy Centre (South Yorkshire) Ltd
Notes to the Financial Statements - continued for the Year Ended 31 December 2022
12. 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:
| Unrestricted funds General fund Restricted funds Property fund TOTAL FUNDS |
Incoming resources £ 208,460 - 208,460 |
Resources Movement expended in funds £ £ (239,279) (30,819) (10,546) (10,546) (249,825) (41,365) |
|---|---|---|
13. RELATED PARTY DISCLOSURES
There were no related party transactions for the year ended 31 December 2022.
Page 13
Multiple Sclerosis Therapy Centre (South Yorkshire) Ltd
Detailed Statement of Financial Activities for the Year Ended 31 December 2022
| 31.12.22 | 31.12.21 | |
|---|---|---|
| £ | £ | |
| INCOME | ||
| Donations | ||
| Donations | 11,666 | 19,424 |
| Gift aid | 5,413 | 21,729 |
| Donations towards cost of HBO | 38,634 | 24,835 |
| Membership donations | 5,058 | 4,651 |
| Donations towards cost of physiotherapy | 11,863 | 11,307 |
| Therapies | 14,903 | 8,015 |
| Donation towards cost of naudicelle | 135 | 75 |
| 87,672 | 90,036 | |
| Other trading activities | ||
| Fundraising events | 12,891 | 13,111 |
| Shop income | 1,249 | 842 |
| Miscellaneous | 1,140 | 462 |
| Drinks | 269 | 5 |
| Room hire | 780 | - |
| 16,329 | 14,420 | |
| Investment income | ||
| Bank interest | 3 | - |
| Total incoming resources | 104,004 | 104,456 |
| EXPENDITURE | ||
| Costs of raising income | ||
| Rates and water | 1,018 | 523 |
| Insurance | 4,524 | 3,857 |
| Light and heat | 4,513 | 4,581 |
| Telephone | 740 | 807 |
| Postage and stationery | 1,042 | 877 |
| Sundries | 883 | 1,349 |
| Fundraising expenses | 421 | 911 |
| Repairs and renewals | 7,026 | 4,409 |
| Computers and online backup | 571 | - |
| Licences | 200 | - |
| 20,938 | 17,314 |
This page does not form part of the statutory financial statements
Page 14
Multiple Sclerosis Therapy Centre (South Yorkshire) Ltd
Detailed Statement of Financial Activities for the Year Ended 31 December 2022
| 31.12.22 | 31.12.21 | |
|---|---|---|
| £ | £ | |
| Costs of raising income | ||
| Other | ||
| Naudicelle | 218 | 441 |
| Cleaning | 481 | - |
| Volunteers expenses | 823 | 269 |
| Freehold property | 8,195 | 8,195 |
| 9,717 | 8,905 | |
| Support costs | ||
| Management | ||
| Wages | 77,514 | 46,223 |
| Physiotherapists fees | 13,285 | 13,830 |
| Other therapies | 14,889 | 7,888 |
| Chamber running costs | 9,085 | 7,333 |
| Subscriptions | 316 | 400 |
| Drinks | 2 | - |
| 115,091 | 75,674 | |
| Finance | ||
| Bank charges | 103 | 97 |
| Credit/Debit card charges | 636 | - |
| 739 | 97 | |
| Governance costs | ||
| Accountancy and legal fees | 1,185 | 165 |
| Total resources expended | 147,670 | 102,155 |
| Net (expenditure)/income | (43,666) | 2,301 |
This page does not form part of the statutory financial statements
Page 15