Charlty reglstratlon number 700904 Company registration number 2269526 (England and Wales) NEURO THERAPY CENTRE LIMITED ANNUAL REPORT AND UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2024 NEURO THERAPY CENTRE LIMITED LEGAL AND ADMINISTRATIVE INFORMATION Trustees Mrs L Dodd (Chair) Mr J Brierley Mrs B Burke Mfs J L Eccleston Mr D W Sand&rs Mrs D J Powell Dr H Harris Mr N C Holladay (Appointed 14 September 2023) Charlty numbèr 700904 Company number 2269526 Reglstered offlce Unit C4 Brymau On8 Estate Rlver Lane Sallney Chester CH4 8RG Independent examlner Champion Allwoods Limited 2nd Refuge House 33-37 Watergate Row CHESTER CH12LE Senlor Management Personnel J Johnston-cree NEURO THERAPY CENTRE LIMITED CONTENTS Page Chair's statement Trustees, report 3-14 Ind8pendent examinerfs report 15 Statem@nt of financial activities 16-17 Balance sheèt 18 statement of cash flows 19 Notes to the financial statements 20-34 NEURO THERAPY CENTRE LIMITED CHAIR'S STATEMENT FOR THE YEAR ENDED 31 MARCH 2024 It has been an extraordinary year at the Centre with so many positive developments ranging from the work around Ihe new units next door to the existing Centre building through to the expansion of our services with extended opening hour5 on some days and an increase in the number of Members using the services together with Carers. The full list of activitl8s and achievements is detailed in the Directors. Report. I think it highlights the steps and initiatives undertaken to broaden the range of services and activities available and widen access to them. This includes, as an example, recruiting new staff to support the gym and counselling s8rvic&s which we've been able to do following successful fundraising. We're thinking ahead to the time when the new building is open and we can deliver more services in that space, notably the gym, but also Ihe physio and general therapies area. Once Ihe gym h85 moved from its existing space it will then be possible to reconfigure the current counselling area: as you can tell, there is a lol of hard work already underway to plan and implement major changes to the delivery of our therapies and services. It's intended to make this as Smooth as possible with the outcome being one Cenlre in two closely linked buildings, including a planned covered walkway, or canopy, if funds can be raised and consents oblained. The lynch pin and beating heart of the Centre will still be the cafè space but it will be redesigned and refreshed to provide a great place lo meet, talk and relax but also somewhere providing a place for peace and quiet. Looking ahead, ideally we would like to move onto the refurbishment of the existing building as soon as possible but we need to raise the money first. I know it can be done, as shown through the fundraising campaign for the new building, but it lakes time and a lol of hard work., we have been very fortunate to have received support from a wide range of donors, especially four local and regional charitable Irusts without whom the work on the first phase would have taken much longer. Turning to the financial outcomes to 31st March 2024, we have achieved a surplus ofjusl over £50.6k12023 surplus £72.5k). This is a good outcome and reflects the success of the campaign to raise funds for the new building and some ef the associaled costs as well as income streams and donations to cover our day to day service delivery but I have to caveat this with the outlook for what is now the current year 2024125. There have been considerable challenges along the way and some of these. notably the financlal headwinds we face raising the all important day to day funding needed to maintain services and pay our way, remain a key objective and concern. Although inflation is now at a substantially lower level compar8d with the same period last year the costs to run the Centre continue to increase. The Trustees are also very aware of the impact of the cost of living on our staff and our Members. It is also important to look al the external employment context with the impact of the rise in the Real Living Wage rale and the need to remain competitive with the NHS pay band scales. As a consequence, the Trustees have taken the decislon to raise salaries for 2023124. rellecting these factors which add considerably to the overall costs of running the Cenlre and, to maintain 5UStainability, is somelhing we can't afford to do at the same level again in the coming years. This will be a financially challenging year in 2024125 with anlicipaled expenditure of £809k. Funding is light for day to day running costs and our general reseNes are below the level we should be aiming lo achieve (see Reserves Policy and Going Concern Statemenl in the Report & Accounts below). It is always difficult at the slart of Ihe financial year to be more precise but we need to concenlrate on fundraising fr)r our existing and expanding services from as wide a range of sources as possible. The capital campaign has been a succe55 to date but additional fund5 are needed to undertake the work on the refurbishment of the existing building., this fundraising will continue but the main focus now has to be covering the operational costs of the Cenlre and improve cash levels to rne8t that expenditure. Our fundraising largel to match expenditure at 1st April, in addilion to known income, was around £300k and I'm pleased to report. as I write. that steady progress is being made to work towards this figure. l am very grateful for all the support provid8d by fellow Trustees over the past year and I want to thank Michael Robinson who, as Treasurer, has provided invaluable help over the past 4 years, but he resigned earlier this year due lo his increased work commitments. Other Trustees have provided their skills and time dealing wilh the plans for the new building- guidance on structuring and adapting to service delivery growth in the expanded Centre., and providing a listening ear, not just for me but also for senior management and staff. As ever, grateful thanks go to all our staff and the volunteers for all their hard work, commitment and cheerful way of helping Members, Carers and visitors. I need to mention one person who has just retired at the end of June- Katie Roebuck, our lead fundraiser without whom much of what we've achieved and planned for would have proved so much more difficult. NEURO THERAPY CENTRE LIMITED CHAIR'S STATEMENT FOR THE YEAR ENDED 31 MARCH 2024 Finally, but far from least, thanks must go to our Members for all your support. encouragement and understanding, especially at a time of change, exciting though thal is. You play such an important role not only as users of the setvices available lo you but also as ambassadors, telling the outside world what the Neuro Therapy Centre does. what it means to you and why it is such a special place. It's an exciting year ahead, despite the challenges, with a lot to look fO￿ard to. Chair Dated.. •- 102Lfr- NEURO THERAPY CENTRE LIMITED TRUSTEES, REPORT (INCLUDING DIRECTORS. REPORT) FOR THE YEAR ENDED 31 MARCH 2024 The Trustees present their annual report and financial statements for the year ended 31 March 2024. The financial statements have been prepared in accordance with the accounting policies set out in note 1 to the financial statements and comply with the charity's governing document, the Companies Act 2006 and "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)" Objectlves and actlvitSè5 Alms, includlng detalls of Issueslchange8 we seek to tacklelmake Over the last year we have worked hard to ensure that everylhing we do is aimed at improving th8 way we deliver our services and organise ourselves for our members benefit. Our approach to community rehabilitation supports people living with neurological conditions (PIWNC) enabling them to access tailored exercise and mental wellbeing support al a time and place that they choose, and very much aligns with the NHS Long-term plan and the Community Rehabilitation Alliance 8est Practice Standards. Our vision is 'Living the best Neuro Life,, and through promoh'ng 'self-help' and providing pr8ventative support through access to regular and affordable servic8s, our mission is to, 'Improve the quality of life for people impacted by Neurological Conditions through tailored and inclusive seNices which support physical and emolional we11being'. Our strateglc inStlatlves for achlevlng our stated alms and objectlves are, Develop serylce offerlng Extended opening hours on Vvednesdays. as w611 as Mondays, so more people who are working can access the support they need Expanded range of services more choice of services for members, both face to face and virtually which support both physical and mental well-being Introduction of HIIT classes. in-house boxing, circuit classes, creative sessions, and monthly counselling workshops for specific groups The introduction of Organisational membership to allow access to our virtual services by partner organisations Introduction of the Functional Electronic Stimulation (FES) bike to assist in rehabilitallon and post-covid recovery as part of our Access to Exercise and Wellbeing project Recruitment of an additional Fitness Instwctor Re-posltlon and market the Neuro Therapy Centre Integration of the website and datsbase to accommodate online bookings for classes and events, improving the service user experience Successful fundraising campaigns to increase awareness and donations Greater engagement with stakeholders to raise awareness and donations Increased partnership working through the A2EW project increasing our sphere of engagement and reach to a wider audience Increased communication to other stakeholders Membershlp expanslon Nel membership growth from 533 at th8 beginning ofApril 2023 to 585 by end of March 2024 Embedding a new member pathway to ensure our members, needs are met in a timely way and lo maintain accurate information System review resulting in more accurate data collection for monitoring and reporting purposes NEURO THERAPY CENTRE LIMITED TRUSTEES, REPORT (INCLUDING DIRECTORS. REPORT) (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2024 Income Dlverslfication Successful fundraising campaign to realise the redevelopment and equipping of the new unit adjacent lo us Increased physiotherapy student placements which benefits members and staff, and helps with succession planning Increased number of member-led fundraising events on our behalf Increased engagement with local businesses to increase support for fundraising events and raise awareness Recruitment of Trusts and Foundations fundraiser to strengthen our bid writing capacity Individual and corporate donations and legacies totalling £150.535 and £24,564 from fundraising event8 Impact Measurement Annual survey of People Living with a Neurological Condition (PIWNC) and their Carers Continued implementation of the Neuro Star - a self-reported tool used to give a snapshot of how an individual feels they are coping across 7 health and wellbeing areas Investment in, and expansion of, the way we use our databases to produce more accurate information for decision making Organlsatlonal Re-Design Succession planning and workforce focus Investment in staff and training Strategic plan for growth These strategic initiatives are underpinned and supported by: Review and updating of our Strategy and Business Plan Focus on our Operational Plan Marketing and Communications Strategy to raise aw2reness of our work and the challenges facing people affected by a neurological condition. Advocacy and representation. Talking to and working with our key stakeholders, such as statutory bodies, political representatives at local and regional level, businesses, other charities and the local communities we serve in order lo ensure the voice of our service users is reflecled Fundraising Strategy to secure the financial future of the Neuro Therapy Cenlre and develop its longer- term slrategy and vision of an improved physical working environment providing an enhanced level ol services to our users Regular review by our Trustee board comprising people who are affected by. or care for someone with neurological condition, or who have specific skills Trustee and senior management strategy meeting to agree main operational goals for the coming year NEURO THERAPY CENTRE LIMITED TRUSTEES, REPORT (INCLUDING DIRECTORS, REPORT) (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2024 Measures used to assess our Impact and success durlng the year: Operational Plan. This is reviewed regularly by management and Trustees to check we are on track in terms of service delivery, our financial health including fund raising, and corporate governance. Annual Survey. We aim to ask our members their vlews about service delivery, ￿at works for them, or nol, and ideas on how to improve our provision. It helps to highlight the m8in areas of interest and concerns our members might have and how w8 could address these issues. Testimonials and Case Studies. These help us to understand where our services and their delivery have gone well but also what lessons can be learned about improving those services and focusing on what members want. both PIWNC and Carers. Anecdotal evidence and video story-telling helps to underpin the messages received from all the above but can also highlight areas where further research and information gathering might be needed, for example, to support new initiatives around services offered. Monltoring reports to statutory bodies provides hard evidence of the levels of work undertaken. its quality and Impact on the users of our services. Conlinued use of the Neuro Star, a self-assessment tool which helps identify areas where additional support may be needed. Slgnlflcant actlvlties undertaken. How they contrlbute to the achl6vement of our alms and obJeGtlves Expansion into our new unit next door made possible by the successful implemenlatlon of £300k capital fundraising campaign. The majority of the funding has been raised through links with local charitable Trust5 and Foundations Redevelopment of the new unit next door increases our ability to deliver more services and grow our footprint by 45¢￿ creating a dedicated exercise hub. This will allow greater use of the gym with new equipment and result in the delivery of more bespoke exercise plans We have now completed our first year of the Access to Exercise and Wellbeing Project {AtoE&W). This Involves collaborative working with project partners in order to reduce health inequalities and increase access to exercise and wellbeing opportunities across West Cheshire and South Liverpool Importantly the project aims lo reach groups who are hard to reach, and by working with partners such as Brio Lelsure, Greenbank Academy and the Brain Charity hopes to increase exercise opportunities for those who oflen feel excluded. This has been supported by additional in-house and exlernal inolusivity and diversity training Part of the project utilises a FES cycle to assess the difference it makes to functional activities for people with a neurological condition. This is something that has Iraditionally only been available to people following spinal cord injuries, and has not widely been used by people living with degenerative neurological conditions. Over the last 12 months we have seen 25 people use it, ané early indications are that it can make a demonslrable difference to people's physical ability. The outcomes will be evaluated by Sheffield Hallam University as part of ourAloE&W project We have increased counselling service5 to accommodate increased demand and respond to interest to expand the service through a range of creative arts programmes Use of social media allows peopl& to interact wilh each other and to access informalion outside ol normal Working hours connecting people with similar experiences. empowering them to share and take control of their condition Our online support also extends to our website which is accessible to all and provldes a wealth of information. Members can use it to book classes directly, either on-line 'virtual' classes, or face lo face classes at the Centre. They can also benefit from the library of recorded videos which offer a range of r@sources including exercise classes, gym work-outs. and self-help methods presented in an accessible way When not exercising our members can relax in our Neuro Café and catc￿uP wtth friends over a cup of tea and a lighl bite, or a slice of homemade cake. Here tips and advice are shared and real friendships are made, building a community bound by shared experien￿$ and a desire to live their best neuro life Increased participation in lobbying groups to gather evidence of need, influence change and improve services NEURO THERAPY CENTRE LIMITED TRUSTEES, REPORT (INCLUDING DIRECTORS. REPORT) (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2024 Flnanclal Foollng Focus Ongoing work with Stalutories lo maintain fijnding levels amid a very challenging financial climate which is seeing many core budgets cut Continued use of the donations model versus service charge. which we monitor regularly and support through a strong communications plan Ongoing development of th8 website to increase functionality. encourage donations and facilitate new ways of generating funds Embedding of a new CRM database which links to our website and now enables direct bookings Increased financial monitoring to ensure that services are cost effective Close monitoring of expenditure and income generation Active engagement with local Trusts and Foundations to develop support and financial investment in our n8w building Increased engag8ment with corporate links lo seek support for fundraising events Greater participation of service users and their familylfriends to raise money on our behalf Introduction of an Organisational membership which allows access to some of our virtual seniices Other Active networking with Statutory bodies to lobby and Influen￿ them io review funding, and contribute lo improved service delivery Partnership work with other voluntary orgs and statutory bodies to develop setvices or inlluence change Investment in tech to support and improve our systems Training of staff to upskill and improve our service offer. Systems training for admin staff to use software more efficiently and ensure we can monitor performance We continue to represenl our service users in all the networks which we are involved In, trying to influence change that supports our vision of everyone 'Living the best Neuro Life, staff expanslon - Fitness instructor. Trusts and Foundations fundraiser Slgnlflcance of volunteors in our actlvities Since the resumption of face to face services the commrtment to volunteerlng remains very strong within the NTC and we have been delighted to welcome back 'old volunteers, as well as recruit new ones to help in the delivery of Oxygen therapy sessions, assisting in the coffee room. or delivering a telephone support seNice as part of our Listening Service which is available lo any member who needs some additional support. We help to develop the skills of our Volunteers through our connections with the local Councils for Volunlary Action, and we are working with NEWCIS (North East Wales Car8rs Information Service) to help Carers to develop skills. Current volunteering opportunities at the NTC include the following areas: Running o* the sessions in our oxygen bara-chamber Fund-raising adivities including individual challenge events. raffles, and Fashion Show Involvement in the development of the Centre through the role of Trustee Delivery of our Listening programme to provide peer support for mental wellbeing . Coffee room support Physio support We also provide regular opportunities for students from Glyndwr and Keele Universities to gain valuable hands- on experience of working with people with neuiological condilions through their physiolherapy graduate programme. NEURO THERAPY CENTRE LIMITED TRUSTEES, REPORT (INCLUDING DIRECTORS. REPORT) (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2024 Maln actlvltles undertaken to further the charlty's purposes for publlc beneflt As detailed in our Memorandum of Association, the main object of the NTC is.. To aid and improve for the public benefit in the Area of Benefit the condition of those suffering from: _ i. Mulliple Sclerosis, Parkinson's disease or other long-term degenerative neurological conditions or ii. other symptoms or conditions who in the opinion of their medical advisors may benefil from therapy which is available to those persons suffering from long-term degenerative neurological conditions In line with Charity Commission guidance, this meets the test of public benefit under the heading of 'lhe advancement of health or the saving of lives,. As a self-referral organisation people choose to use oui services, and it is our policy never to turn away anyone who can benefrt from the therapies and support that we provide, which are referred to in ourAnnual Financial Statement. Datalls of short-term and longer-term alms and objectives. The last 12 months hav8 seen services return fully to face to face delivery. with the majority of seNice users preferring the opportunity to socialise and meet up in person over the virtual offer. The virtual services, however remain part of our core delivery as they offer people choice, and can fil in well with those who are still working. They have also allowed us to promote our Organisational membership which is being used by our partn&rs in the Acce8S to Exercise and Wellbeing project (AloEW) as well as MS Cymru. a) Expanslon of face-to-face s8rvlces as follows: Delivery of= Group11:1 physiolherapy-based classes and Gym based fitness sessions now availabl& over extended hours on Mondays and Wednesdays Larger gym will allow mole people to benefit from the opportunities provided, and will hopefully encourage more Carers lo invest in their own physical well-being Volunteering opportunities- to support a range of services The introduction of more creative sessions, enabling people to try new skills or use existing skills in a different way Listening Programme - peer support from trained NTC volunteers: h8lps develop strategies, skills. confidence to empower individuals to deal with the challenges faced- remove6 isolation,, accessible through face-to-facelphonelvirtual delivery Information & Advice regular communications to keep people connected, promote participalion. signpost to other agencies Ongoing and new partnership working with other voluntary and NHS organisations to make our services accessible to more groups supporting people with neurological conditions Expand counselling services through more 1-1 appointments and delivery of a greater range of services Re-introduction of 'education' events to infom service users and Carers b) Contlnued delivery of 'Vlrtual Cenlre.: Complemenls face-to-face services Focus on 'hard-to-reach' communities due to heallhlgeographicalllogisticaiifinancial barriers Spread reachlincrease accessibility to those workinglisolatedl or who have no transport Broaden reach to new groups not currently supported or those who can no longer attend du8 to physical deterioration expertenced during lockdown or as a result of their condition Expand the use of Organisational membership to other neurological groups so that their members can benefit from the virtual services we provide NEURO THERAPY CENTRE LIMITED TRUSTEES. REPORT (INCLUDING DIRECTORS, REPORT) (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2024 Continuing to look for opportunities lo work in partnership with NHS in both England and Wales and to influence and develop local care pathways for people living with neurological conditions using an evidence-based approach Working in partnership to develop seNice delivery that meets people's needs Broadening of servlces delivered through digital and face to face means Invest in additional staff and technology lo help achieve our Strategic aims. where there is a good business case for it (fundraising. support worker) Extension of the "Access to Exercise and Wellbeing" project into North Wales - funding permitting Continued reconfiguration of space to maximise delivery of s8r4ices and member experience Reconfiguration and refurbishment of exisling spa Expanded coffee room and kitchen to improve facilities for our s8rvice users Explore commercial opportunities of the new building to provide an additional income source Achlevements and performance Balanced picture of the charity's progr8ss against ils objectives Membership up from 533 to 585 CEO is now an Organisational Partner Govemor at Walton, which raises our profi'le and gives more feedback into Walton strategy. It also presents greater learning and training opportunilies for clinical staff In¢￿ased number of referral sources into the AtoEW project Extended opening hours in response to service user requests Key performance indicators explaining outputs achieved by activities Increase of 2000 therapy attendances compared to previous year Individual and corporate donations and legacie8 tolalling £150.535 and £24,564 from fundraising events 243 new referrals in the 12 month period We have developed a clear organisational structure which looks at existing and future needs, along with 8 banding syslem for staff roles which supports personal development and recruitment, and ensures we stay in touch with sector p8y-scales Integration of our therapies management system with the website to give service users more control over bookings. This supports member Tetention and improves diary management through reduction of admin time Brio L@isure now have regular classes that are accessible to people with a neurological condition at 4 of their sites Better use of data to drive decisions Increased funclionality of website to encourage self - referral, bookings, involvement in events Increased volunteer recruilment matching skills to operational needs NHS changes from CCG to Integrated Care Board have made it challenging to keep abreasl of changes and work closely with healthcare teams to ensure that those who need our setvices are 8ble to find us easily NEURO THERAPY CENTRE LIMITED TRUSTEES. REPORT (INCLUDING DIRECTORS, REPORT) {CONTINUED) FOR THE YEAR ENDED 31 MARCH 2024 100¥o of respondents agreed that the Centre is a safe place. and that they particularly benefited from.. Experienced and professional instwctorslstaff provide me with support I can access support at an affordable cost I don't feel embarrassed about my differences or abilits'es 98Yo of respondents agreed that the support the Centre provides has a positive impact on their life 830A attend the Cenlr8 to maintain, improve or slow the decline of their physical health 750/0 attend the Centre to maintain, improve or slow the decline of their independence 71 Oh attend the Centre to improve their mentall@motional wellbeing 850/0 reported that NTC has helped reduce their reliance on NHS services or additional medical assistsnce Respondents told us that being a member of NTC makes them feel.. Less isolated More in control of their health Listened tolunderstood Cared for Hopeful Less fearful for the future Supported as a Car&r Our primary aims for both PIWNC and their Carers are: Improved physical health Improved mental wellbeing By supporting both physical health and mental wellbeing w8 help our service users 'Live their best neuro life, and make the following difference to our beneficiaries.. a) People living with a neurological condition: Empow&rment to be pr08Ctive about their care through our preventativ& approach to managing conditions Recognition that they are informed individuals who understand the healthcare system and ar8 'experts' in their condition Bridge gap b8tW8en the NHS & individual post diagnosis, enabling earlier support & improved referrals pathway Increased awareness within statutory heallh of our work to support both PIWNC and their carers Reintegration of vulnerable individua15 into their pre-covid communities of support Options and ¢hoi¢es through access to a blended and complementary mix of fac&to-face, outreach and virtual sessions, resulting in increased participation Reduced lon81iness and social isolation by focusing on Ihose who are 'hidden'l'hard-tO-reach' Support for vulnerable people who may be anxious and at risk of crisis Reduced need to access primary andlor secondary healthcare for both PIWNC and their Carers, resulting in improved quality of life Embedding of the ethos of self-help. increasing confidence. self-esteem and independence Development of friendships and peer support amongst people with shared exp8ri8nces Enable those with lived experience of neurological condition510 share their story, giving them a volce Afeeling of ownership of the future of the NTC amongst many, and a keenness to act as Ambassadors Creating a resilient community, giving PIWNC skills to deal with the challenges faced now and in the future NEURO THERAPY CENTRE LIMITED TRUSTEES, REPORT (INCLUDING DIRECTORS, REPORT) (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2024 b) Carers and wider family: Respite from their caring role AIIDWS them to address their own needs and have a life of their own Reassurance that their loved one is being supported by skilled and &xperienced slaff Access to respite, information, signposting and advice which can help contribute towards the physical and mental wellbeing of the whole family and in doing so strengthen the caring ne￿ork around PIWNC Wider Impact of our Project- social value.. Reduce h8alth inequalities Socio-economic impact- deprivation Employment- helping individua15 remain working for longer der roll-oul of virtual services due to the elimination of geographical barriers Increased provision in community-based settings by working with local Leisure Centres. supporting their staff through trainin9. enabling them to provide serwices that support people living witli neurological conditions An improved care pathway lor people living with a neurological condition. through our work wilh NHS and other slatulory partners, resulting in reduced health inequalities Reduced strain on NHS during crisis and beyond Opportunily to share learnings amongst wider networks. regionally & nationally as well as locally The past 12 months has se8n us launch a fundraislng campaign to allow us to develop the building adjacent to our existing premises. The majority of the money raised has been donaled by 4 local trusts who were already familiar wilh the work thal we do. These donations have allowed us to complete the building works and create gym which is three times the size of our existing one. A new physio studio has also been created along with tfeatment rooms for 1..1 sessions. The equipment to furnish the new gym has r8quired additional funding aF)plications so that we can cr@ate a facility where we will be able lo challenge our users whatever their physical ability. We will then embark on a programme to develop our existing site in order to accommodate a larger thunselling area and coffee room for the benefit of our members. Increased space will require increased resources to meet the demand 8nd we have a planned recruitment programme to run in tandem with the refurbishment. In order to succeed with these plans. we have also invested in the fundraising and marketing team, to give them greater capacity to reach new markets and to achieve an ambitious fundraising target. We have successfully, and safely transitioned from restricted face to face services to pr&pandemic service delivery levels, and have introduced a wider choice of services through use of our website to host virtual sessions, and through expanded opening hours. Retaining virtual delivery methods as a core service helps us lo engage better with those who are unable to attend the Centre itself, whether it's through the impacl of their condition, travel constraints or financial constraints. It has also enabled us to look at new markets and through our AtoEW work will s88 us increase the number of people who are accessing virtual services through partnership working (and the rolling out of an Organisational membership category). Our slaff have had to adapt over the last few years and V￿ have developed a blended way of working which offers more flexibility for some roles and has resulted in more efficient use of existing systems to enable us to make informed decisions based on evidence. This in turn gives us better insight and drives efficienc4es so that we can operate more effectively, and respond to change, putting us in a stronger posilion to be able to focus more on planned gr0￿h. 10- NEURO THERAPY CENTRE LIMITED TRUSTEES, REPORT {INCLUDING DIRECTORS. REPORT) (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2024 Flnanclal revlew The Trustees are committed to protecting and managing our financial resources in an effective and tfansparent way. In order to achieve this, we aim lo main18in a reserve level of at least 6 monlhs of our budgeled annual expenditure. The reserve level is considered to be the total of free unrestricted reserves plLJS any restricted income covering salaries and other operating costs that has already been received. The Trustees regularly review this policy and the level achieved to ensure that it remains approprlate. For clarity the reserves level does not include unrestricted funds allocated to fixed assets. nor does it include designated funds set aside by the Trustees to meet future projects that could not be funded from future income. The reserve8 are monitored on an ongoing basis to ensure that they ar8 being managed in accordance with what is agreed and Ihis is regularly reported to the Board of Trustees. If it is deemed that there will be an on-going failure to meet the reserves target then a plan will be drawn up to develop new sources of income or cut back on related expenditure. Our budget for the coming year ending 31 March 2025 has expenditure of £809,058 {2024.' £666,076). Our fre8 reserves at 31 March 2024 were £188,244 (2023.. £196.730). In addilion to this, £100,097 12023.. £65,017) of the restricted funds total of £245,267 (2023.. £127,528) will contribute to the budget8d expenditure. Restricted funds also include £54,168 (2023.. £Nil) associated to the expansion project. The total contribution towards next years budgeted expenditure is £288,321 (2023.. £261,747), which equates to 4.2 months (2023.. 4.7 months). The Trustees are always aware that the budget Set for 8ach year presents its own set of challenges. Budgeted expenditure has been calculated, and throughout the year, the fundraising team work through the task of sourcing the n8C8ssary funding to meel bolh anticipated and unforeseen costs. Some cosls. such as servlce delivery employment expenditure. are potentially easier to fund through bid applications to relevant Trusts and Foundatlons although success cannot be guaranteed. It is more difficult to obtain unreslricted grants and funds which would help cover the costs of general administration and fixed overheads,, these are generally covered by income generated from sponsored fundraising events, member donations. café sales, legacies and any other form of unrestricted cash. Every year it is so important for us to find and secure new funding sources but also maintain and reconnect our links with pasl donors to seek their continued support. Our expanded fun(kaising team has enabled us lo do exactly that. developing and tapping into new income sources and building up the profile of the Centre within the wider community both locally and the broader geographical area we serve. By cultivating a diverse range of funding streams that are consistently sustained, we can ensur8 Ihe Centie's long-lerm viability, The annual budget is designed to facilitate investment and maintain an exceptional level of se￿l¢e to our members, encompassing both the physical and virtual offerings. It is never certain what income we will receive nor vthal unexpected costs could be around the corrEr. Therefor&, the finance team, finance committee. and Trustees monitor the financial position on a regu18r basis, enabling decisions to use and safeguard available funds. The Trustees acknowledge that the Neuro Therapy Centre has fallen short of meeting the minimum reserves level outlined in its own policy in recent years. Attaining this minimum reserves threshold remains a long-term objective for the Trustees. as we strive to fortify the Cenlre's financial stability. Our reslricled funds, standing at £245,267 {2023= £127,528), are subject to specific conditions required by the donor or by the specific terms of the appeal which generated the funds. These funds ar& applied as soon as practicable, as shown in the movement of restricted income during the year. Our designated funds have decreased to £20,000 (2023-. £122,481). The medium to longer term strategy of the Centr8 has been to improve our propeTty facilities, enhance our current se￿ice provision and develop services further. Funds received from a legacy a number of years ago had been designated by Trustees for the future development of the Centre. At the end of 2022 the Trustees approved the use of up to £80,000 to begin the renovation work required on the building unit adjacent to the existing Centre as part of our expansion project. The amount of designated funds used by the end of the first phase of work totalled £58,338 and, as the main purpose for the designated fund had been achieved. Truslees agreed al the end of 2023 that the balance left in the designated fund should be reduced and £44,143 should be moved to unrestricted funds for general use. 11 NEURO THERAPY CENTRE LIMITED TRUSTEES, REPORT (INCLUDING DIRECTORS, REPORT) (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2024 Summary of Reserves 2024 2023 Restricted funds 245.267 127,528 Unrestricted funds - allocated to fixed assets 124.165 80,304 Unrestricted funds - free reserves 188,224 196.730 Designated funds Total 20,000 122,481 577 657 The Trustees have approved the use of some of those designated funds towards a project to utilise an increased property footprint and associated facilities for use by members. This use of funds has allowed work to begin on early stages of the project allowing potential fiJnders to see the commitment being made by the Centre. The Trustees have decided to continue to designate the remaining funds for thesa purposes but are mindful that there may be a need to ulilise designated funds, if required. to cover the operation of the Centre. structure, governance and managom8nt The company is limited by guarantee, and was incorporated under the CompaniesAct 2006, Ils governing document is its Articles ofA5socialion updated 16 September 2021. The company is registered as a charity by the Charity Commissioners- Number 700904. In line with our Rules of Membership those who use the services of the Cenlre become a member and are thereby entitled to contribute to the way the Cenlre is run Ihrough participation at 98neral meeting8. There were 481 fully paid up members at the year end, each of whom is required to contribute up lo £10 in the event of th8 charity winding up. The membership figure has increased compared to the p￿VIouS year, and we anticipate further growth as our new strategy is implemented over the next rinancial year and beyond. The last 12 monlhs has allowed us lo introduce rolling membership renewal dales and whilst these work for many members, there remains 52 who may need a different approach in order to renew which is currently being reviewed to understand their needs. As restrictions have lifted il has been encouraging lo see many members returning to the Centre which demonstrates the importance of our setvice. The Truslees, who are also the directors for the purpose of company law, and vtho served during the year and up to the date of signature of the financial statements were.. Mrs L Dodd (Chair) Mr J Brierley Mrs B Burke Mrs J L Eccleston Mr D W Sanders Mrs J L Perry Mr M G D Robinson (Treasurer) Mrs D J Powell Dr H Harris Mr N C Holladay (Resigned 15August 2023) (Resigned 25 March 2024) (Appointed 14 September 2023) Trustees are appointed by member vote at the Annual General Meeting,. the minimum number of TTUSte8s is 3 and one third of their number is required to retire and seek election upon their third anniversary of appointmenl. As part our governance and following the Charity Excellen￿ Framework (CEF), the Trustees have reviewed their skill sets and this makes it possible to determine where there may be deficiencies in the overall skills required. Training and induction processes for Trustees are also being reviewed upon the basis of requirements. None of our Trustees receive any remuneralion or other benefit from Iheir work for the charity. 12- NEURO THERAPY CENTRE LIMITED TRUSTEES, REPORT (INCLUDING DIRECTORS, REPORT) (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2024 The Centre Management Team (CMT). reporting to the Chief Executive Officer, has continued to provide co- ordinated development and action in the key areas of activity supporting the overall operation of the Centre; those areas are Therapies & Services, Fundraising, Marketing & Communications, Member Services and Finan￿. The CMT has continued lo demonstrate the flexibility required to adapt to rapidly changing circumstances whilst continuing to put future growth and membership choice at its heart. Key areas of work in the last 12 months which demonstrate this ability have included the launch, and near completion of a Capital Campaign to re-develop and fit out the new building next door, planning and recruitment of a new Trust and Foundalions fundraiser, in preparation for the retirement of Katie after 18 years with us, and the ability to take on new areas of work as needed as a result of staff changes. The CMT continues to work with the Trustees to agree and implement our strategic aims as well as oversee the operational activities of the Centre. They also work towards continuous improvement through critical analysis of the systems and processes currently used in order to work more efficiently and ensure that they have the correct information on which to make recommendations. and bas8 decisions on. The pay of senior staff is reviewed annually on temis which do not vary from those which apply lo all other paid staff. 13- NEURO THERAPY CENTRE LIMITED TRUSTEES. REPORT (INCLUDING DIRECTORS. REPORT) (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2024 statement of Trustees, responsibilities The TrLAStees, who are also the directors of Neuro Therapy Centre Limited for the purpose of company law, are responsible for preparing the Trustees, Report and the financial statements in accordance with applicable law and United Kingdom Accounting Standards (Uniled Kingdom Generally Accepted Accounting Practice>. Company Law requires the Trustees to prepare financial statemenls for each financial year which give a true and fair view of the state of affairs of the charity and of the incoming resources and application of re sources, including the income and exp8ndilure, of the charitable company for that year. In preparing these financial statements. the Trustees are required to.. select suitable accounting polici8s and then apply them consistently,. observe the methods and principles in the Charities SORP., make judgements and estimates that are reasonable and prudent: slate whether applicable UK Accounting Standards have been followed. subject to any material departur6S disclosed and explained in the financial statements., and prepare th8 financial slatements on the going ¢on¢ern basis unless it is inappropriate to presume that the chaiily will continue in operation. Th8 Trustees are responsible for keeping adequate accountin9 records that disclose with reasonabl8 accuracy at any time the financial position of the charity and enable them to ensure that the financial statemenls comply with the Companies Act 2006. Th8y are also responsible for safeguarding the assets of the charity and hence for taking reasonable steps for the prevention and detection of fraud and olher irregularities. The Truste68' report was approved by the Board of Trustees. Mrs L Dodd (Chalr) Trustee Dated.. 14- NEURO THERAPY CENTRE LIMITED INDEPENDENT EXAMINER'S REPORT TO THE TRUSTEES OF NEURO THERAPY CENTRE LIMITED I report to the Trust8es on my examination of the financial statements of Neuro Therapy Centre Limited (the charity) for the year ended 31 March 2024. Responsibilitles and basls of report As the Trustees of the charity (and also its directors for the purposes of company law) you are responsibl8 for the preparation of the financial statements in accordance with ihe requirements of th8 Companies Act 2006 (th8 2006Act). Having satisfied myself that the financial statements of the charity 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 the charity's financial statements carried out under section 145 of the Charities Act 2011 (the 2011 Act). In carrying out my examination I have followed all the applicable Directions given by the Charity Commisslon under section 14515)Ib) of the 2011 Act. Independent examlner's statement Since the charity's gross income exceeded £250,000 your examiner must be a member of a body listed in section 145 of the 2011 Act. I confirm that l am qualified to undertake the examination because l am a member of the ICAEW, which is one of the listed bodies. I have completed my examination. I confimi that no matters have come to my attentlon in connection with the examination giving me cause lo believe that in any material respect- accounting records were not kept in respect of the charity as required by section 386 of the 2006 Act,. or the financial statements do not accord with those records; ¢x the financial statements do not comply wilh 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 independenl examination: or the financial statements have not been prepared in accordance with the methods and principles of the statement of Recommended Practice for accounling 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 financial statements to be reached. Susan Harris MAACA Champion Allwoods Limited Refuge House 33-37 Watergate Row Chester CH12LE Daled: ..l.l. 15- NEURO THERAPY CENTRE LIMITED STATEMENT OF FINANCIAL ACTIVITIES INCLUDING INCOME AND EXPENDITURE ACCOUNT FOR THE YEAR ENDED 31 MARCH 2024 Current financlal year Unrestrlcted Unr8strl¢ted Restrlcted funds funds funds general deslgnated 2024 2024 Total Total 2024 2024 2023 Notes Donations and legacies Charitable activities Other trading activities Investments 161,961 146,471 48,020 5,142 1,197 163,158 564,089 46,020 5,142 226,798 404,024 37,603 2,655 417.618 Total Income 359,594 1.197 417,618 778,409 671,080 Raising funds 27.556 27,556 9,408 Charitable activltles 391,441 297,398 688,839 587,987 other 13 8,919 2,481 11,400 1,132 Total resources expended 427,916 299,879 727,795 598,527 Not (outgoinglllncomlng resources before transfers (68.322) 1.197 117,739 50,614 72,553 Gross transfers between funds 103,677 (103,677) Net Income for the yearl Net movement In funds 35,355 (102,480) 117,739 50.614 72,553 Fund balances at 1 April 2023 277.034 122,480 127,528 527,042 454,490 Fund balances at 31 March 2024 312,389 20,000 245,267 577,656 527.043 The statement of financial activities includes all gains and losses recognised in the year. The statement of financial activities includes all gains and105ses recognised in the year. All income and expenditure derive from continuing activities. The statement of financial activities also complies with the requirements for an income and expenditur& account under the Companies Act 2006. 16- NEURO THERAPY CENTRE LIMITED STATEMENT OF FINANCIAL ACTIVITIES (CONTINUED) INCLUDING INCOME AND EXPENDITURE ACCOUNT FOR THE YEAR ENDED 31 MARCH 2024 Prlor flnanclal year Unrestrlctad Unrestrlcted Restrlcted funds funds funds general designated 2023 2023 Total 2023 2023 Notes Donations and legacies Charitable activities other trading activities Investments 217,275 138.457 37,603 2,655 1,168 8,355 285,567 226,798 404,024 37,603 2,655 Total Income 395,990 1.168 273,922 671,080 Raising funds 9,408 9.408 Charltable activities 363,432 224,555 587,987 other 13 1,132 1,132 Total resources expended 373,972 224,555 598,527 Net (outgolng)Ilneomlng resources before transfers 22,018 1,168 49,367 72,553 Net Income for the yearl Nat movement In funds 22.018 1,168 49.387 72,553 Fund balances at 1 April 2022 255,016 121,313 78.161 454,490 Fund balances at 31 March 2023 277,034 122,481 127,528 527,043 The statement of financial activities includes all gains and losses recognised in the year. The statement of financial activities includes all gains and losses recognised in the year. All income and expenditure derive from continLJing activities. The statement of financial activities also complies with the requirements for an income and expendilure account under the CompaniesAcl 2006. 17- NEURO THERAPY CENTRE LIMITED BALANCE SHEET AS AT 31 MARCH 2024 2024 2023 Notes Flxed assets Tangible assets 14 210,893 137,567 Current assets Debtors Cash at bank and in hand 16 24,307 375,631 17,805 422,290 399,938 440,095 Credltors. amounts falllng due wlthln one yaar 16 (33,175) {50.619) Net current assets 366,763 389,476 Total ass8ts1è89 current Ilabllllles 577,656 527,043 Net assets excludlng penslon Ilablllty 577,656 527,043 The funds of the charlty Restricted income funds Unrestricted funds - general Unrestricted funds - designated 19 245,267 312,389 20,000 127,528 277,034 122.481 577,656 527,043 The company is entitled to the exemption from the audit requi￿rnent contained in section 477 of the Companies Act 2006, for the year ended 31 March 2024. The directors acknowledge their responsibilities for complying with the requirements of the Companie5 Act 2006 with respect to accounting Tecords and the preparation of financial statements. The members have not required the company to obtain an audit of its financial slalements for th8 year in question in accordance with section 476. These financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies regime. The financial statements were approved by the Trustees on Mrs L Dodd {Chair) Trustee Company registration number 2269526 (England and Wales) 18- NEURO THERAPY CENTRE LIMITED STATEMENT OF CASH FLOWS FOR THE YEAR ENDED 31 MARCH 2024 2024 2023 Notss Cash Ilows from operatlng activities Cash generated from operations 23 49,718 115,950 Investlng actlvltl8S Purchase of tangible fixed assets Investment income r8ceived (101,519) 5,142 (32,6401 2,655 Net cash used In Investlng actlvltles (96,377) (29,985) Net cash used In flnanclng actlvlties Net Idecrease)Ilncreasè In cash and cash equlvalents (46,659) 85,965 Cash and cash equivalents at beginning of year 422,290 336,325 Cash and cash equlvalents at end of year 375.631 422,290 19- NEURO THERAPY CENTRE LIMITED NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2024 Accounting policies Charlty Informatlon Neuro Therapy Centre Limited is a private company limited by guarantee incorporated in England and Wales. The registered office is Unit C4 Brymau One Estate. Rtver Lane. Saltney, Chester, CH4 8RG. 1.1 Accountlng convention The financial statements have been prepared in accordance with the Charities SORP (FRS 102), the Companies Act 2006 and "Accounting and Reporting by Charities.. Statement of Recommended Practlce 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)" The charity is a Public Benefit Entity as defined by FRS 102. The financial statements are prepared in sterling, which is the functional currency of the charity. Monetary amounts in these financial statements are rounded to the nearest £. The financi81 statements have been prepared under the historical cost convention. 1.2 Golng concern The Trustees have reviewed the initial budget forecasts for the 2024125 financial year, which predicts another significant fundraising target for the coming year. It 15 Customary for the Neuro Therapy Centre to anticipate a projected gap between expenditure and known income at the beginning of Ihe financial year. The shortfall between projected income and expenditure has hislorically been covered through fundraising efforts plus additional trust and grant applications, although this can never be guaranteed. A comprehensive plan is always in place to actively pursue various sources of income throughout the year, contributing towards achieving funding the budget set for the year. The primary risk that the Centre has encountered and continues to face is the potential loss of income from the ServI￿S it provides. Ultimately, the risk is that a service will be committed to be provided but a way lo fund that service is not found. To mitigate that risk, the Centre continuously strives to secure funding from a wide range of sources while always moniloiing and managing costs. The services provided are free of cost when provided, but the actual cost of providing Ihe seNice and suggested donations are always highlighted within the Centre and in marketing materials. In addition to the usual budget for the ongoing operation of the Centre, the project to increase the service provision and capacity of the Centre continues. This includes the expansion of the ftoor space occupied. As a result, separate budget5 are being kept to ensure that appropriate funding can be obtained. There is a risk that funding could not be found to complete this project as intended and to mitigate any financial risk the project is being implemented in stages with continuous review. The first phase of work within the building providing the expanded floor space has been fully funded and completed end June 2024. The next stage of the project, lh8 existing Centre floor space. remains al risk if funding cannot be found. The Trustees and the sub finance group continue to meet regularly throughout the year lo carefully monitor the financial position of the Centre and seek outside advice as and when required. In r8aching their conclusion, the Trustees have reviewed the charity's monthly cash fflows. applied sensitivity analyses as appropriate, and considered the possibility of longer-term funding sources including inter year grants and legacies. As a result of the actions tsken and after consideration of all factors. the Trustees consider that no material uncertainty exists and they continue to adopt the going concern basis in preparing the financial statements. 1.3 Charltable funds Unrestricted funds are available for use at the discretion of the Trustees in fvrtherance of their charitable objectives. -20- NEURO THERAPY CENTRE LIMITED NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2024 Accounting policies (Contlnuedl Designated funds comprise funds which have been set aside at the discretion of the Truste8s for sp8cifi¢ purposes. The purposes and uses of the designated funds are for the improvement of property facilities and enhancement of the current service provision. Restricted funds ar8 subject lo specific conditions by donors or grantors as to how they may be used. The purposes and uses of the restricted funds are set out in the notes to the financial slatements. 1.4 Income Donations and legacies are Tecognised and included in the accounts when the charity is entitled to the income, receipt is probable and the amount can be measured r81iably. Grants recelvable are credited lo the Statement of Financial Activitie5 in the year in which they are due and when any performance conditions have been met. Membership subscriptions are accounted for when received, unless they are received in advance of the year to which they relate, in which case they are included in deferred income. Assets for distribution are recognised only when distributed. Assets given for use by the charity are recognised when receivable. Stocks ol undistributed donated goods are not valued for balance sheet purposes. 1.5 Expendlture Resources expended are included in the Statement of Financial Activities on an accruals basis, inclusive of VAT which cannot be recovered. Expenditure is recognised when there is a legal and constructive obligation to pay, it is probable that settlement will be required and the amount can be measured reliably, Support costs are those functions that assisl the work of the charity but do not directly undertake charitable aclivilies. Support costs include general office costs. staff cosls, property costs and governance costs which support the charity's activities. These costs have been allocated to expenditure on charitable activities. The bases on which support costs have been allocated are set out in the support costs note to the accounts. 1.6 Tanglble flxed asseis Tangibl8 fixed assets are initially m&asured at cost and subsequently measured at cost or valuation, nel ol depreciation and any impairment losses. Depreciation is recognised so as to write off the cost or valuation of assets less their residual values over their useful lives on Ihe followng bases.. Leasehold improvements Units1&2 Pressure Chamber Equipment 10% per annum - slraight line 10% per annum - straight line 10% per annum - reducing balance 1 Ooh and 200h per annum - reducing balance The gain or loss arising on the disposal of an asset is determined as the difference b&twe&n the sale proceeds and the carrying value of the asset, and is recognised in the statement of financial activities. 1.7 Impalrment of flxed assets At each reporting end dale, the charty reviews the carrying amounts of its tangible assets to determine whether there is any indication that those assets have suffered an impairment loss. If any such ind￿allOn exists, Ihe recoverable amount of the asset is estimated in order to determine the extenl of the impairment loss (if any). 21 NEURO THERAPY CENTRE LIMITED NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2024 Accountlng pollcles (Contlnuedl 1.8 Cash and cash equivalants Cash and cash equivalents include cash in hand, deposits held at call with banks, other short-term Ilquid investments with original maturities of three months or less, and bank overdrafts. Bank overdrafts are shown within borrowings in current liabilities. 1.9 Flnanclal Instruments The Gharily has elected to apply the provisions of Section 11 'Basic Financial Instruments, and Section 12 'Other Financial Instruments Issues, of FRS 102 to all of its financial instruments. Financial instruments are recognised in the charIt￿S balance sheet when the charily becomes party to the contractual provisions of the instrument. Financial assets and liabilities are offset, wth the net amounts presented in the financial statements, when there is a legally enforceabl6 right to set off the recognis8d amounts and there is an intention to settle on a net basis or to realise Ihe asset and settl8 the liability simultaneously. 1.10 Employee beneflts The cost of any unused holiday entitlement is recognised in the period in which the employee's services are received. Terminallon benefits are recognlsed immedlately as an expense ￿en the charity is demonstrably commltled to terminate the employment of an employee or to provide termination benefits. 1.11 Rollrem6nt beneflts Payments to defined contribution retirement benefit schemes are chargad as an expense as they fall due. Critlcal accountlng estlmates and Judgements In the application of the charity's accounting policies, the Trustees are required to mak8 judgements, estimates and assumptions about the carrying amount of assets and liabi5ilies that are not readily apparent from other sources. The estimates and associated assumptions are based on historical experience and other factors that are considered to be relevant. Actual results may differ from these estimates. The Trustees consider that there were no judgements or estimates that have a significant impact on the accounts. The estimates and underlying assumpiions are reviewed on an ongoing basis. Revisions to accounting estimates are recognised in the period in which the estimate is revised where the revision aff8Cts i)nly that period, or in the period of the revision and future periods where the revision affects both current and future periods. -22- NEURO THERAPY CENTRE LIMITED NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2024 Donatlons and legacies Unre5trlcted Unrestricted Restrlcted funds funds funds general deslgnated 2024 2024 Total Total 2024 2024 2023 Personal donations Legacies and bequests Corporate donations Membership fees 86,912 11,874 50,552 12.623 1.197 88,109 11,874 50,552 12,623 189,660 2,557 24.907 9,674 161,961 1,197 163,158 226,798 For the year ended 31 March 2023 217.275 1.168 8,355 226,798 Income from charltable activities Unrestrlcted Restrlcted funds funds 2024 2024 Total Unrestrlcted Restrlcted funds funds 2023 2023 Total 2024 2023 Services provided under conlract Provisions of services Local authority grants Local H8alth aulhority grant Trusts and Foundations 119,487 26.984 119,487 26,984 83,051 119.487 18,970 119,487 18,970 46,620 63.051 46,620 20.810 333.757 20,810 333,757 20,810 198.137 20,810 198,137 146,471 417,618 564,089 138.457 265,567 404,024 Other tradlng actlvltles UnrestrScted Unrestricted funds funds general general 2024 2023 Fundraising events Sale of provisions 24,564 21,456 24,879 12,724 other trading activities 48,020 37,603 -23- NEURO THERAPY CENTRE LIMITED NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2024 Investments Unrestrlcted Unrestricted funds funds general general 2024 2023 Interest received 5,142 2,655 Expenditure on ralslng funds Unrestrlcted Unrestricted funds funds general general 2024 2023 Fundraising c051s Items for resal& Fundraising agents 6,293 6,701 14,562 6,656 3,752 Fundraising and publicity 27,556 9,408 27,556 9,408 -24- ocoN J ￿ <0 fD 0¢ irj in NCJJ o ro y) (o co o) o)0 Or(YJ O Lll 17) Tt ro OrWJ O U) QI (o aj co CO ID NEURO THERAPY CENTRE LIMITED NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2024 10 Net movement in funds 2024 2023 Net movement in funds is stated after chargingl(crediting) Fees payab18 to the company's independent examiner for the independent examinalion of the company's financial ststements Depreciation of owned tangible fixed ass8ts Loss on disposal of tsngible fixed assets 3,242 16,792 11,400 3,100 14,886 1,132 11 Trustees None of the Trustees (or any persons ¢onnecled with them) received any remuneration or benefits trcxn the charity during the year. 12 Employeès Number of employees The average monthly number of employees during the year was.. 2024 Number 2023 Numbgr Equivalent full tlme employee8 23 19 Employment costs 2024 2023 Wages and salaries Social security costs Other pension costs 470,257 33,414 7,939 404,704 28,688 6,822 511,610 440,214 Of the total staff costs and trustee renumeration and expenses £251,364 (2023 - £232.008) was unrestricted and £281,034 (2023- £208,207) was restricted. Pension costs are allocated in proportion to related staff costs. The total renumeration benefits payable to key management p8rsonnel was £59,847. There were no employees whose annual remuneration was £60,000 or more. -27- NEURO THERAPY CENTRE LIMITED NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2024 13 Other Unrestrlcted Restrlcted funds funds Total Total 2024 2024 2024 2023 Net loss on disposal of tangible fixed assets 8.919 2,481 11,400 1,132 For the year ended 31 March 2023 1,132 1,132 14 Tanglble fixed assets Leamhold Improvem&nt8 Un1ts1&2 Pressur• Chambor Equlpmftnt Totsl Cost At 1 April 2023 Additions Dlsposals 380,826 19,357 156,785 4,877 556.968 101,519 (11,400) 96.642 (11,400) At 31 March 2024 369,426 96,642 19.357 161,662 647,087 Depreclatlon and Impalrmènt At 1 April 2023 Depreciation charged in the year 328,511 6.281 11,002 836 79,889 9,675 419,402 16,792 At 31 March 2024 334,792 11,838 89,584 436,194 Carrylng amount At 31 March 2024 34,634 96,642 7,519 72,098 210,893 At 31 March 2023 52,315 8,355 76,897 137,587 15 Debtors 2024 2023 Amounts falllng duo wlthln one year: Trade debtors Other debtors Prepayments and accrued income 3,119 2,017 19,171 2,375 15.430 24,307 17,805 -28- NEURO THERAPY CENTRE LIMITED NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2024 16 Credltors: amounts falllng due wlthln one year 2024 2023 other creditors Accruals and deferred income 23,122 10,053 16.098 34,521 33,175 50,619 17 Deferred Income Deferred income at 1 April 2023 Refunded in the year Received in Ihe year Deferred income at 31 March 2024 3.576 (3,576) 1,454 1,454 Deferred Income relates to funds received in advance from fundraisers for events that take place after the year end or membership subscriptions received in advance. 18 Retlrement beneflt schemes 2024 2023 Deflned contrlbutlon schemes Charge lo profil or loss In respect of defined contribulion schemes 7,939 6,822 The charity operates a defined contribution pension scheme for all qualifying employees. The assets of the scheme are held separately from those of the charity in an independently admlnistered fund. -29- 00(D oco co ui 000 000 oott) e) CD i o o) ) (7> O O a)￿00 a)0 o ryiw w0)0￿ClO)￿)0￿ I r£Jr(00 OrLfJ ¢ ¢fj al O ai p (Y O Ln c￿ oi 00 icoooo 00000 OQOOLn J o c) ¢Tr 000 ifj aj 00¢3) rk D) o (J LU CJ o oi<<< O tD o 0￿ >¥> o) ￿ (TJD WJ (T4)'-'- 2 CLC (ij c a) J O v> c C7i 22 o (ug£ 0£(¥J (U 0£ ¢W OD (u [LQZ(J<>ucL¥cÉ ¢D W (1513 tyj W. UJ rt 41 XUI ** 7J P4 ¢D£ Ow2fJ 8xu1.￿o￿laEcE 0<(0￿<{nO<1iULLZ>z (Jq) LL o L)u> w 0￿{L>{￿ ) IJ) o u) (y a> ¢11 c(iO£o)£ O fjJLU o 45 (u O CLq) ZZCL(tff){n￿th(￿￿-￿>¥ WE NEURO THERAPY CENTRE LIMITED NOTES TO THE ACCOUNTS (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2024 21 Operating Lease Commltments Lessee At the reporting end date the charily had outstanding commitments for future minimum lease payments under non-cancellable operating leases. which fall due as follows- 2024 2023 Within on8 year Between two and five years 55,649 109,859 25,187 1,616 165.508 26,803 22 Related party transactlons There were no disclosable related party transactions during the year (2023 - none). 23 Cash generated from oporatlons 2024 2023 Surplus for the year 50,614 72.553 Adjustments for.. Investment income recognised in statement of financial activities Loss on disposal of tangible fixed assets Depreciation and impairment of tangible fixed assets (5,142) 11,400 18,792 (2.655) 1,132 14,886 Movemenls in working capital: (Increase)Idecrease in debtors {Decrease>lincrease in creditors (6,502) (17,444) 1,280 28,774 Cash generated from operatlons 49,718 115,950 24 Analysis of changes In net funds The charlty had no debt during the year. -34-