REGISTERED COMPANY NUMBER: 02215138 (England and Wales} REGISTERED CHARITY NUMBER: 700382 Re ort of the Trustees and Unaudlted Flnanclal Stat•monts for tha Yaar Ended 31 Decamb•r 2023 for Multi le Sclerosis Thera out or re Contre Heather Lea Business Services 49 Heather Lea Avenue Sheffield S17 3DL
Mulll le Sclerosls Thera out or Ire Centre Contents of Ihe Financial Statements or ear ecem er Pago Report of the Trustees Independent Examiner's Report Statament of Financial Activities Balance Sheet Notes to the Flnanclal Statements 8 to 13
Mulll le Sclerosls Thera out or Ire Centre Istere number: 02215138 Report of the Trustees or ear The trustees who are also directors of the charity for the purposes of the Companies Acl 2006, present their report with the financial Statements of the charity for the year ended 31 December 2023. The trustees have adopted the provisions of Accounting and Reporting by Charities.. Statement of Recommended Practice applicable lo charities preparing their accounts in accordance with the Financial Reporting Standard applicablg in the UK and Republic of Ireland IFRS 1021 (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 a1vItieS The principal activity continues to be that of supporting people affected by multiple sclerosis 8nd other neurological or life changing conditions in the local area. FINANCIAL REVIEW Reserves pollcy The directors policy is to build up our free reserves to 8 level which will be sufficient to cover all our expenses for a period of al least one year assuming that no income was received. Through Ihis financial period we have seen again Ihe positive effect of our cancelalion policy paired with price increases that were introduced strategically lo allow the cenlre to be able to keep running and negate losses suffered from mlssed appointments and combal the increase of ulility bills and other expenditure. Although it has been hard to secure regular external funding, we were able through the hard work of staff and one particular volunt8èr, to Socur@ a grant from Thé National Lottgry Community Fund of £7924.. Some members have continued to gift regular 'good will, donations which were gratefully received at a time where every little h81ps. 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 truslees have a duty to identify and review Ihe risks to which the charity is exposed and lo ensure appropriate conlrols 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 adequale in normal circumstances. REFERENCE AND ADMINISTRATIVE DETAILS Registered Company number 02215138 (England and Wales) Registered Charity number 700382 Page 1
Mulll le Sclerosls Thera out or Ire Centre Istere number: 02215138 Report of the Trustees or ear Registered office Bradbury House 25 Saint Marys Drive Catcliffe Rotherham South Yorkshire S60 5TN Trusteos S Eccles S Hussain S Crosby K L Herring L A Ratcliffe D E Ryczek M L Mitchell Company Secretary S Hussain Independenl Examlner D Mangles FCA Healher Lea Business Services 49 Heather Lea Avenue Sheffield S173DL STATEMENT OF TRUSTEES, RESPONS181LITIES The trustees (who are also the directors of Multiple Sclerosis Therapy Centre (South Yorkshire) Ltd for the purposes of company law) ar8 rgsponsiblg fc)r prgparing Ihe Rgport of tha Truste8s and tho financial gtatèmgnls in accordance with applicable law and United Kingdom Accounting Slandards (United Kingdom Generally Accepted Accounting Practice). Company law requires Ihe trustees to prepare financial stalemenls for each financial year which give a true and fair view of Ihe state of affairs of the charitable company and of the incoming resources and application of resources, including the income and expenditure, of the Gharilable company for that period. In preparing those financial stalements, the Iruslees are required lo select suitable accounting policies and then apply them consistently., obseNe Ihe methods and principles in Ihe Charity SORP., make judgements and estimates that are reasonable and prudent., prepare the financial statements on the going concem basis unless il is inappropriate lo presume that the charitable company will continue in business. The trustees are responsible for keeping proper accounting records which disclose with reasonable accuracy at any lime the financial position of Ihe charitable company and to enable them to ensure that Ihe financial statements comply with the Companies Act 2006. They are also responsible for safeguarding the assets of the charitable company and hence for taking reasonable steps for the prevention and detection of fraud and olher irregularities. Page 2
Mulll le Sclerosls Thera out or Ire Centre Istere number: 02215138 Report of the Trustees or ear 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 16 May 2024 and signed on ils behalf by.. S Hussain - Secretary Page 3
Inde endenl Examlner's Re erosis era ort to the Trustees of entre out or Ire Independent examlner's report to the trustees of Multlple Sclerosls Therapy Centre Isouth Yorkshlre) Ltd ('Ihe Company.) I report to the charity Irustees on my examination of the accounts of the Company for the year ended 31 December 2023. Responsibilities and basis of report As the charity's trustees of the Company (and also its directors for the purposes of company lawl you are responsible for the preparation of the accounts in accordance with the requirements of the Companies Act 20061'the 2006 Act'}. Having satisfied myself that the accounts of the Company are nol 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 Ihe Charities Act 2011 ('the 2011 Act.). In carrying oul my examination I have followed the Directions given by the Charity Commission under Section 145{51 (b> of the 2011 Act. Independent examlner'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 th8 Company as required by Section 386 of the 2006 Act., or 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 thal the accounts give a true and fair view which is not a matter considered as part of an independent examination- or the accounts have not been prepared In accordance wllh the melhods and prlnclples of the Slalement of Recommended Practice for accounting and reporting by charities lapplicable to charities preparing their accounts in aGcyJrdance 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 Healher Lea Business Services 49 Heather L?a Avenue Sheffield S173DL 16 May 2024 Page 4
Mulll le Sclerosls Thera out or Ire Centre Statement of Financial Activities or ear ecem er 2023 31.12.23 Total funds 31.12.22 Total funds Unreslricted fund Restricted fund Notes INCOME FROM Donations 131,334 131,334 87,672 Other trading activities Investment income Total 16,463 829 148,626 16,463 829 148,626 16,329 104,004 EXPENDITURE ON Raising funds 139,823 139,823 137,953 Olher Total 3,944 143,767 5,273 5,273 9,217 149,040 9,717 147,670 NET INCOMEIIEXPENDITUREI 4.859 (5,273) 1414} 143,666) RECONCILIATION OF FUNDS Total funds broughl forward 101.064 189,823 290,887 334,553 TOTAL FUNDS CARRIED FORWARD 105 923 184 550 290 473 290 887 The notes form part of these financial statements Page 5
Mulll le Sclerosls Thera out or Ire Centre Istere number: 02215138 Balance Sheet ecem er 31.12.23 Total funds 31,12.22 Total funds Unreslricted fund Restricted fund Notes FIXED ASSETS Tangible assets 38,128 184,550 222,678 230,873 CURRENT ASSETS Cash al bank and in hand 69,895 69,895 61,700 CREDITORS Amounts falling due wlthin one year 10 12,100) {2,100) (1,686) NETCURRENT ASSETS 67,795 67,795 60,014 TOTAL ASSETS LESS CURRENT LIABILITIES 105,923 184,550 290,473 290,887 NET ASSETS FUNDS Unrestricted funds Restricted funds TOTAL FUNDS 105 923 184 550 290 473 290 887 11 105,923 184550 29Q 473 101,064 189 823 290 887 The charitable company is entitled to exemption from audit und8r Section 477 of th8 Companies Act 2006 for the year andad 31 Dacambar 2023. The members have not required the company to obtain an audit of ils financial statements for the year ended 31 December 2023 in accordance with Section 476 of the Companies Act 2006. The trustees acknowledge their responsibilities for lal ensuring that the charitable company keeps accounting records that cornply with Sections 386 and 387 of the Companies Act 2006 and preparing financial slatemenls 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 wilh the requirements of Sections 394 and 395 and which otherwise comply with the requirem8nls Df the Companies Act 2006 relating to financial statements, so far as applicable lo the charitable company. Ib) The notes form part of these financial statements Page 6 continued...
Mulll le Sclerosls Thera out or Ire Centre Istere number: 02215138 Balance Sheet . continued ecem er 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 16 May 2024 and were signed on its behalf by: S Eccles - Trustee S Hussain - Trustee The notes form part of these financial statements Page 7
Mulll le Sclerosls Thera out or Ire Centre Notes to the Financial Statements or ear ecem er 023 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 IFRS 102) 'Accounling and Reporting by Charities.. Statement of Recommended Praclice applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 1021 {effective 1 January 20191,, 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, Incorne 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 Expendlture Liabilities are recognised as expenditure as 600n as there is a legal or constructive obligation committin9 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 cosl related to the category. Where costs cannot be directly attributed to particular headings they have been allocated to activities on a basis consistent with Ihe use of resources. Tanglble flxed assets Depreciation is provided at Ihe following annual rates in order lo write off each asset over its estimated useful life. Freehold property Plant and machinery 2 /0 on cost 100/9 on cost Taxation The charity Is exempt from corporation tax on its charltable actlvitles. 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 restricled purposes within the objects of the Gharity. Restrictions arise when specified by the donor or when funds are raised for particular restricted purposes. Further explanatlon of the nature and purpose of each fund Is included in the notes to the financial statements. Pension costs and other post-retirement benefits The charitable company operates a defined contribution pension scheme. Contributions payable to the charitable company's pension scheme are charged lo the Statement of Financial Activities in the period to which they relate. Page 8 continued...
Mulll le Sclerosls Thera out or Ire Centre Notes to the Financial Statements - continued or ear ecem er OTHER TRADING ACTIVITIES 31.12.23 31.12.22 Fundraising events Shop income Miscellaneous Drinks Room hire 12.663 1,431 346 399 1,624 12,891 1,249 1,140 269 780 INVESTMENT INCOME 31.12.23 31.12.22 Bank interest 829 RAISING FUNDS Costs of raising income 31.12.23 31.12.22 Rates and water Insurance Light and heat Telephone Postage and stationery Sundiies Fundraising expenses Repairs and renewals Computers and online backup Licen$ Support costs 1,081 3,401 4,735 742 861 1,018 4,524 4,513 740 1,042 IJ 360 383 3,071 680 179 124,330 139823 883 421 7,026 571 200 117,015 137 953 NET INCOMEIIEXPENDITUREI Net incomellexpenditure) is staled after chargingl(crediling): 31.12,23 31.12.22 Depreciation - owned assets Page 9 continued...
Mulll le Sclerosls Thera out or Ire Centre Notes to the Financial Statements - continued or ear ecem er TRUSTEES. REMUNERATION AND BENEFITS There were no trustees, remuneration or other benefits for the year ended 31 December 2023 nor for the year ended 31 December 2022, Trustees. expenses There were no trustees, expenses paid for the year ended 31 December 2023 nor for the year ended 31 December 2022, STAFF COSTS The average monthly number of employees during the year was as follows,, 31.12,23 31.12.22 Admin Staff No employees received emoluments in excess of £60,000. COMPARATIVES FOR THE STATEMENT OF FINANCIAL ACTIVITIES Unrestricted fund Restricted fund Total funds INCOME FROM Donations 87,672 87,672 Other trading activitles Investm8nt income Total 16,329 16,329 104,004 104,004 EXPENDITURE ON Raising funds 137,953 137,953 Other Total 4,444 142,397 5,273 5,273 9,717 147.670 NET INCOMEI(EXPENDITURE) {38,393) (5.273) 143,666) RECONCILIATION OF FUNDS Total fund3 brought forward 139,457 195,096 334,553 TOTAL FUNDS CARRIED FORWARD 101064 189 823 290 887 Page10 continued...
Mulll le Sclerosls Thera out or Ire Centre Notes to the Financial Statements - continued or ear ecem er TANGIBLE FIXED ASSETS Freehcld property Plant and machinery Totals COST At 1 January 2023 and 31 December 2023 DEPRECIATION At 1 January 2023 Charge for year At 31 December 2023 NET BOOK VALUE At 31 December 2023 At 31 December 2022 409,736 428,588 178,863 8,195 187,058 18,852 197,715 8,195 205.910 18,852 222 678 230,873 222 678 230,873 10. CREDITORS: Amoufrifs FALLING DUE WITHIN ONE YEAR 31,12.23 31,12.22 Social security and other taxes Pension Accrued expenses 818 385 897 590 1,096 11. MOVEMENT IN FUNDS Net movement in funds At 31.12.23 At1,1.23 Unrestricted funds General fund 101,064 4,859 105,923 Restricted funds Property fund 189,823 15,273) 184,550 TOTAL FUNDS 290,887 290 473 Page11 continued...
Mulll le Sclerosls Thera out or Ire Centre Notes to the Financial Statements - continued or ear ecem er 11. MOVEMENT IN FUNDS . continued Net movement in funds, inGluded in the above are as follows.. Incoming resources Resources expended Movement in funds Unrestricted funds General fund 148,626 (143,767) 4.859 Restricted funds Property fund 15,273) 15,273) TOTAL FUNDS 148,626 149 040) 414) Comparativ•s for movement in funds Net movement in funds At 31.12.22 At1.1.22 Unrestrlcted funds General fund 139,457 {38,393) 101,084 Restricted funds Property fund 195,096 15,273) 189,823 TOTAL FUNDS 334,553 43 666) 290 887 Comparative net movement in funds, included in the above are as follows,. Incoming resources Resources expended Movement in funds Unrestricted funds General fund 104,004 (142,397) (38,3931 Restrlcted funds Property fund 15,273) (5,2731 TOTAL FUNDS 104,004 147 670) 43 6861 Page 12 continued...
Mulll le Sclerosls Thera out or Ire Centre Notes to the Financial Statements - continued or ear ecem er 11. MOVEMENT IN FUNDS . continued A current year 12 months and prior year 12 months combined posilion is as follows: Net movement in funds At 31.12.23 At1,1.22 Unrestricted funds General fund 139,457 {33,534) 105,923 Restrlcted funds Property fund 195,096 {10,546) 184,550 TOTAL FUNDS 334,553 290 473 A current year 12 months and prior year 12 months combined nel movement in funds, included in the above are as follows.. Incoming resources R8sourc8S expended Movement In funds Unrestrlcted funds General fund 252,630 (286,164) (33,534) Restricted funds Property fund {10,546) (10,5461 TOTAL FUNDS 252,630 296 710) 44 0801 12. RELATED PARTY DISCLOSURES There were no related party transactions for the year ended 31 December 2023. Page 13
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