# **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:
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.
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.
Page 7
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**
Page 9
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|
Page 10
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)|
|---|---|---|
Page 11
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|
|---|---|
Page 12
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