Charity registratlon number 700904 (England and Wales) Company reglstratlon number 2269526 NEURO THERAPY CENTRE LIMITED ANNUAL REPORT AND FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2025 NEURO THERAPY CENTRE LIMITED LEGAL AND ADMINISTRATIVE INFORMATION Trustees Mrs L tk)dd {Chair) Mrs J L Eccleston Mr D W S8nders Dr H Harris Mr N C Holladay Mr P Crossland Mr M L Martin Dr D J Purdell-L8wIs (Appointed 11 September 2024) (Appointed 11 September 2024) {Appoinled 11 September 2024) Charlty number 7[￿904 Company number 2269526 Reglsterod offlce Unil C4 8rymau One Eststè River Lane Sallney Chesler CH4 8RG Audltor Champion Accounlanls LLP 2nd Floor Refvg6 House 33-37 Wal8rgale Row CHESTER CH12LE Sanlor Managfjm•nt Parsonnel J John8ton-Cree NEURO THERAPY CENTRE LIMITED CONTENTS Page Chair's Slalement Trustees, report Slaternent of Trustees. responsibilities Independent audilorfs report Stat8m8nl of finandal activities 13-14 Balance sheet 15 Statement of cash Ilows 16 Notes lo the financial slalemenls 17-32 NEURO THERAPY CENTRE LIMITED CHAIR'S STATEMENT FOR THE YEAR ENDED 31 MARCH 2025 It is remaTkable how muGh has been achieved (Juring the pasl year but also lo undersland the chall￿geS and opportunities which lie ahe8d of us. The new gym and Ihe therapies room have been up and running for six months and more,. the canopy link betsveen the Iwo buildings has been completed: funding has been raised for the nexl slage, our redevelopment of the original building. hopefully commencing in June and lo be finished during 2025. 11 is rlght lo celebrate the successes and all the hard work needed to reach this poinl. Including a large capital grant awarded last December which will cover rnosl of the costs associated with the redevelopment of the old building this year. We also received a significanl legacy last year, which has helped wilh the day lo day running cosls of the Centre, and an endowment which can be used lo support level of ieserves for the next few years. FlnancSally, the Report & Accounts 2024125 presents a far better outcome than we thought possible al this stage last year, with a surplus of £418.4k {2024.' £50.6kl. This sounds impressive (and it is) bul if it were noi for Ihe legacy, endowment and a size8ble charilable trust grant, Ihe piclure would be less rosy. With these, our income rose lo £1.2mil (2024., £778.4kl wttilsl cosls were £825.3k (2024.. £727.7k} I h8ve lo say. with a sense of déja-vu, Ihat 2025126 will be a financially challenging year. We remain commltt8d lo the Real Living Wage for those staff affécted {which Is pald at a higher level Ihan Ihe National Minimum Wage) but our costs. Includlng tha rlsa In Nalkjnal Insuranc6 conlributlons for employers as well as food, energy ané seNlces Inflallon. havé continued lo increase. Funding to COV8r Ihe day lo day running of the Cenlr6 remains difficult- baslcally we need to search for and attract income which is unreslricled and can be used lo support the Cenlre in any way without being lied to a particular project or service. Our 8udgel for the current financial year has £981k expenditure and known income, as 811s1 April 2025, of £646.2k leavlng a fundraising target of £334.7k- it's achievable bul tough. We're not on our own,. most charities are reporting similar challenges bul we are fortunate that. for the limè being, our financial basg- the level of reserves held at the financial year end 31 $1 Mar¢h 2025 - Is mora robust ¢ompar8d with Ihé18s1 years. We need lo look to the future and develop more sustainable and conlinulng incL)me generation partlcularly as there can be no guar8nlee of on-going support In other areas, Induding Ihe publlc sector. glven Ils own flnancial challenges. Trustees, the senlor managemenl team and slaff are currently working IhroLJgh the Siralegic Plan for Ihe next three yeak3 and an updated Btjslness Plan. 11 Is sensible lo do so glven how much the Neuro Therapy Genlre {NTCI has changed in Ihe last five years. not least the higher demand for all ils services and the abilily to work more efficiently and smartly with lh8 increased capacity provided by the new building and the redevelopment of the ortginal building. Our Members are so important in spreading the word about the Cenlre. what it do8s and why it maltexs lo them. Their words and insights are v6ry powerful and can inspire others lo gel Involved and help in so many dlfferent ways including events and fundraising. Il's also Important to recognise the work of all our volunteers and the day lo day help Ihoy glve supporting our services including in the café and oxygen chamber as well as fundraising. My thanks to All of you lor your continuing support, encouragement and understanding. especialFy during all the building worf(I l am very gralefijl for all the support provided by the senior management team and staff over the past year. It has been difficult al limes with all the challenges incurred with delivering setvices in Ihe middle of 8 building sile bul your thoughts and actions reflect the elhos of the Cenlre- our Members firsl in all we do. Finally. my thanks go lo fellow Tnjstees for your help and guidance over Ihe last, busy year. Tho road ahead is a challenge, as ever. financially but this is only part of the story. There are opportunities to enhance seThices, running them as effectively as possible to meet currenl and future d8mand. especially when the building redevelopment is finished. Alongside this. with the support of everyone involved and linked with the Neuro Therapy Cenlre, we aim to raise awareness about its work and impact, with the aim of financial r8silience to underpin il all. Chalr 002$ 081e'. NEURO THERAPY CENTRE LIMITED TRUSTEES, REPORT (INCLUDING DIRECTORS. REPORT) FOR THE YEAR ENDED 31 MARCH 2025 The Trustees present thelr annual report and financial slat6ments for Ihe year ended 31 March 2025. The financial statements have been prepared in accordance with the accounling policies set out in not8 1 to the rinancial statements and comply ￿th the charitvs goveming document, the Companies Act 2006 and "Accounting and Reportlng by Charities.. Slalement of Recommended PracttC8 applicable lo charities pTrparing their accounts in accordance with the Financial Reporting Standard apFdicable in the UK and Republic of Ireland (FRS 102) (effeclive 1 January 2019)-. Objectlves and actlvltle8 Our Purpose As detailed in ourArticles of Asso¢ialion, the maln objed of the Neuro Therapy Centre (NTCI Is: To aid and improve for the publlc benefit in the Ar8a of Benefit th6 condition of thosé sufferlng from: . Mulliple S¢lerosls, pa￿&n$0n'S dlseas8 C￿ other long-term degenerative neurological condilions or other symptoms or conditions who in the oplnion of their rnedic81 advisots may b6n8flt from therapy whlch is avallable to those persons sufferlng from long-tem) degenerative neurological conditions Our Maln Actlvltles In Ilne wlth Charily Commlsslon guldance. this meets the lest of publlc benefit under the headlng of 'lh8 advan¢emenl of he811h or the saving of Ilves,. As a sell-referr81 organlsalion people choose lo use our seNlces, and 51 Ss our policy never lo lum away anyone who can benefit from the therapies and support Ihal we provlde, whlch are referred lo in our Annu81 Finanaal Slalement. Volunteer Conlributlon Contributions made by volunteers are hugely important and support Ihe staff to de15v6r a high staThJard of service across all departmenls. Volunteers help us deliver Oxygen Therapy. Physiolherapy, Counselling and well-belng Sessions and support people in the calé offering an Inclusive. frlendly welcc(ne whlch puls people at ease. We should not forg61 that our Board of Trustees is also made up ol volunl8ers, whose knowledge and expertlse Is vital In ensuring the senior managemenl team are held to account. we have robust governance in place. and are compliant with applicable legislative requirements. We currently have vacancies on the board for new Trustees. These are our regular volunteers, and Ihey have donated 2,358 hours of thelr lime over the last 12 months. We also have ad-hoc volunteers who fund-ral8e on our behalf, and who make such a difference to our finances conlrlbuting over £20k to our fundralsing lolal and acting as ambassadors for Ihe organi8atlon. We continue lo provlde placemenl opporiunllles for students on Physiotherapy and Counselling Cour￿$. These placements provide hands on experience of working wlth people with neurologlcal conditions Ihrough Iheir graduate programmes, and support our clinical staff in their development as educators. ensuring their knowledg8 and skills are kepl up lo date. NEURO THERAPY CENTRE LIMITED TRUSTEES. REPORT (INCLUDING DIRECTORS. REPORT) (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2025 Achlevements and performance Maln Achlevements Completion of the new Therapy Suite on lime and budg81. has h8lp8d us develop our exercise opportunities for Persons living with Neurologlcal Conditions IF￿NC) and Carer members alike. We now have a fully equipped gym which is three Ilmes tha size ol our old one and allows people io exercise in new ways, with a focus on functional training lo assist them in their daily activities. The additional spaca and new studio have allowed us to increase the number ol group sessions being dellvered, and introduce new ones lo challenge in different ways. A successful ap￿ICatiOn lo People & Haces Lottery funding has allowed us to grow our physiolherapy team and commence a proleet similar lo the Access to Exercise and Wellbeing IAtoEW) Project, In Wales - the Access to Movement & well.being project IAtoMW). Thls new project will explore ways we can engage wllh more people In North Wales and introduce more 8ccessible exercise sessions through partnershlp workbng. The project will be Évaluated by Bangor Universily, and the results will be used lo evidence the dlfference NTC m8kes to people Ilving with neurological conditlons. and to support fuluie funding bids. This new bid has also allowed us to purchase an additional Functional Electronic Stimulation IFES) blke whlch supports more people with lower Ilmb weakness to explore Ihe benefits of using the bike In a cohort who would not normally have access to it. We continue to strenglhen links with the Walton Centre and olher groups locally involved in Neuro rehabilllalion lo ra16e awareness and make It as easy as possible for people who need our seNlces to find us. We worked wilh a group ol appreniices from Airbus on a prole¢t to raise awareness through a range ol communications. They helped develop some short films which lell ¢ompelling stories of the difference we make to Individuals. This strenglhens our links with a major local employer, bul also raises awareness more widely. A successful bld for a major capital gTanl to finance the re-devèlopment of our 8xl8llng buildlng, whlch will see the expansion of our counselling and well-being services, 8s well as the creation of a new larger kitchen and expanded calé lo cater for more peoFle was submitted. Work will stsrt in Ihe first quart&r of the new financial year. We h8ve engaged wllh numerous local and regional networks and p￿sented al events to publiclse the work we do and offer examples of best practice. and continue to advocate for people on an Individual basis as wall more widely to ensure their voice is heard when decisions are made 8boul seTvlce design and provlslon. NEURO THERAPY CENTRE LIMITED TRUSTEES, REPORT (INCLUDING DIRECTORS, REPORT) (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2025 Balanced plcture of the charivs wogress against its obiecllve5 CEO is an Organisalional Partner Governor al Walton, Nthich raises our profile and gives more feedback Into Walton strategy. It also presents greater leaming and training opportunitles for dinlcal staff Incre8sed number of referral sources inlo the AtoEW project Succéssful applicalion and commencement of the Atomw project Produced our first Impact accounts which were presenled at Ihe 2024 AGM Our newly developed therapies building was opened In August 2024 allowing us to increa58 the number of people using Ihe gym at 8ny one time. and allowing more opportunity Carer members lo a¢¢ess exercise opportunilies Physio and counselling have also seen increases In LN)Ih attendance and Ihe number of individuals supported compared lo the previous 12 months Cr881ive arts sessions have also been introduced as we incAeas6 our well-belng supwrt to members We have developed a dear organisalional slruclure which looks al existing and future needs, along with a banding system for staff roles which supptyts personal dgvelopmenl and recruilmenl, and ensures we slay in touch with sector pay-scalès Avallable physio hours fell lowards the end of Ihe year as staff reduced their hours for personal reasons, bul we were able lo r8¢rull lor these al the dose of Ihe flnancial year We have conllnued to make Improvements lo our booklngs system lo enable More people to be in control of Ihelr own bookings 8rio Leisure now have regular classes that are accesslbte to pe¢¥le wilh a nevrologieAI condition at 4 of Ihelr sites 8ell6r usa of data to drfve declslons Simllar lo last year, NHS changes to Iha Integrated Care Board have made St challenglng to keep abreast of changes and work dosely with healthcare teams lo ensure Ihat those who need our services are able lo find us easlly, and current changes lo Ihe NHS may make this more challenging over the n8Xt 12 months We lrialled 3 new Parkinson's c18sses which have now become part of our Core offer Our staff continue lo allend training opportunities relevanl lo their roles to ensure we bulld on our ski113 and knowledge, as well as slaying abroast ol changes In legislallon relevant to our S￿l0r NEURO THERAPY CENTRE LIMITED TRUSTEES. REPORT (INCLUDING DIRECTORS. REPORT) (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2025 Key performance indicators explaining oulwts achieved by activities Total membership 659 {2024:585) an increase of 74 indNiduals (2024.52) Gym activity has increased from an average of 259 attendances per mt)nlh to 344 per month-. and from supporting on average 126 indlvlduals lo 150 individuals per month The number of therapy sessions delivered stayed on a par with the previous year, mainly du8 to the fact that some full-time staff chose lo reduce their hours in order lo improve their workllife balance Fundraising Income tolalling £24.42812024'. £24,564) 289 new referrals In the perfod (2024: 234) 153 FES sessions were delivered The Atomw project has allowed us lo employ an addillonal fuw-lime physiolherapisl along with a well- being Cfrordinalor (WBC) meaning we can now offer vlsits 5 days a week for potential new members NEURO THERAPY CENTRE LIMITED TRUSTEES. REPORT (INCLUDING DIRECTORS. REPORT) (CONTINUED) FOR THE YEAR EAIDED 31 MARCH 2025 Flnancial review The Trustees are ¢ommitied to protecting and managing our financial resources in an effective and transparent way. In order lo achleve Ihis. we aim lo malntsin a reserve lev81 of at leasl 6 months of our budgeted annual expenditure. The reserve 18vel is consldered lo be Ihe total of free unrestricted resetves plus any rgstrl¢led Income covering salarles and other operating cosls th81 has already been recelved. The Trustees regularly revièw this policy and the lev&S a¢hi8ved lo ensure that St remains approprfal8. For clarlty the reserves level does not Indude Un￿strICted funds allocated to fixed assets. nor does il include deslgnated funds sel aside by the Trustees lo meel fulure prq'ects that could not be funded from future in￿rne. The reseNes are monitored on an ongolng basis lo ensure that they are being managed In accordance with what Is agreed and this is regularfy reported to the Board of Trustaes. If il is deÈmed Ihal there will be an on-going failure to rneet the rese￿eS target then a plan will be drawn up to develop new sources of in￿rne or cut back on related expendilure. Our budget for the comlng year endlng 31 March 2026 has ex￿ndItUre of £980,967 (2025.. £809,058), Our free res6Nes at 31 March 2025 were £366,875 12024: £188.2241. In addlllon lo Ihls, £83,648 {2024.' £100,097) of Ihe reslrlcled fund3 lotal of £312,49612024: £245,267) will contribute lo the budgeted expendllure. Reslricled funds also include £30,279 (2024.. £54,168) associaled with Ihe expansion prolecl. The tot81 ¢ontr4bulion towards nexl years budgeted expendlture is £450.523 {2024: £288.3211, which equ8tes lo 5.4 months <2024: 4.2 rnonlhs), The Trust88s are always awara that Ihe budget sel for each year presents Ils own sel of challenge8, Budgel8d expenditure has be8n calculated. and throughout Ihe year. Ihe fundraising team work through the (ask of sourcing th8 n8C8ssary funding to meel bolh anlicipaled and unfor6se8n cosls. Som8 costs, such as service dèllvery 8mploymenl expenditure, are potentially easier lo fund through bid appllcations lo relevant Trusls & Foundations 211hough success cannol be guaranteed. It is more difficult to obtain unreslricled grants and funds which would help covar the costs of general adminislralion and fixed overheads- these are g8n8rally covered by ncome generatèd from sponsored fundraising evgnls. member donations, café sales, lega¢l8s and any other foTm of unreslrieled e4sh. Every year il is so important for us lo find and secure new fundlng sources but also mainlaln and reconnect our links with pasl donors to seek their continued support. Our expanded fundralsing team has énabled us to do exa¢lly that, developing and (apping into new incom8 sources and bulldlng up the profile of the Cenlre wilhln the wider community bolh locally and the broadèr geographical area we sèNé. By cultivating a divers8 range of funding streams Ihal 8re consislenily sustained, we can ensure ttle Cenlre's long-lemi viability. The annual budget is designèd lo facilitate inveslmenl and maintain an exceptional level of service to our members, encompassing ￿th the physical and Mrtual offerings. It is never certain what income we will receiv8 nor what unexpected costs could be around the corrEr. Therefore, the finance team, finance commillee. and Trustees monilor the financial position on a regular basis, enabling decisions lo use and safeguard available funds. Th8 Trustees acknowledge that ihe Neuro Therapy Centre has fallen short of meetlng the minimum r8S8rves level oullin6d In ils own policy in recenl years. Allaining this minimum reseNes threshold remains a lon9-lerm oblecllve for the Trustees, as w6 strive lo fortify the Centre's financial stability. Our reslrlcled funds, standing at £312,496 12024: £245.267). are subject to specific conditions requi￿d by the donor or by the specific lemis of the appeal which generated the funds. These fund5 are applled as soon as practicable. as shown in the movement of reslricled income durlng the year. Our designated funds stsnd 81 £20.837 12024.. £20,000)- With Ihe completion on the new fitness suite and the secured funding for the redevelopment of the existing Cenlre the TTUSt8es have no immediate plans for the designated reserves. The Trustees recognise that the balance of the designated funds might be required lo complete and enhance the redevelopment work and Ihe importance of rolaining the fund for such a purpose which will support Ihe growth and long-tem goals of the charity. NEURO THERAPY CENTRE LIMITED TRUSTEES. REPORT (INCLUDING DIRECTORS, REPORT) {CONTINUED> FOR THE YEAR ENDED 31 MARCH 2025 Summary of Reserv88 2025 2024 Restrlcled funds 312.496 245.267 Unréslrlclad funds- allocated lo fixed assels 114,069 366.875 124,165 Unrestricted funds - free reserves 188,224 Designated funds The Edward Goslling Fund 20.837 20.000 181,844 Tol81 Structure, governan¢8 and management The company is Ilmiled by guarantee. and was incorporated under the Companies Act 2006. Its governlng document is its Articles of Association updated 16 September 2021. The company is regisl8red as a charily by the Charity Commissioners - Number 700904. In line with our Rules of Membership Ihose who use the seNices of the Centre become a member and are thereby enliiled lo contribule to the way the Cenlre is run Ihrough partlClP8tion at general meetlngs. Ther6 were 508 (2024.. 4811 fully pald up members al Ihe year end, each of whom Is required lo contribute up to £10 In the event of the charity wlnding up. Our membership continues lo increase. and we anticlp8le further growih over the next Ilnancial year and beyond. Rolling membership has been fully adopled, this W0￿ Cash and cash equlvalenls al b6glnning of year 375,631 422,290 Cash and cash equlvalènts at end of year 652,924 375,631 16- NEURO THERAPY CENTRE LIMITED NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2025 Accounting poll¢le8 Charlty Informatlon Neuro Therapy Centre Limited is a private company limited by guarantee incorporaled in England and Wales. The registered office is Unil C4 Brymau One Eslale, River L8n6. Sallney, Ghesler, CH4 8RG. 1.1 Accountlng ¢onvontlon The financlal statements have been prep8red In accordance ihe Charilles SORP (FRS 1021. the Companies Act 2006 and 'Accounling and Reporting by Charities: Slalemenl of Recommended PracliGÈ applicable lo charities preparing their accounls in accordance wilh the Financial Reporting Standard applicable in Ihe UK and Republic of Ireland (FRS 102) leffedive l January 20191°. Th6 charlty Is a Publlc 86nafil Enlily as defined by FRS 102. The financial statements are prepared in stedlng, which is Ihe functional currency of Ihe charlly. Monetary amounts in these financial statements are rounded to the nearest £. The flnandal statements have been prepared under Ihe historical cost convention. 1.2 Golng concern The Tiuslees have reviewed the inltlal budgel for Ihe 2025126 financlal year, whlch prodlcts another slgnlflcant fundraislng largel for lh8 coming year.11 is customary for the Neuro Th&rapy cent￿ lo anticlpate a projected gap betwèen expènditure and known income al the beginning of the financial year. The shortfall between projected Income and expenditure has hlstorically been r/Jvered through fundraising efforts plus addillonal trust and grant applications. although this eAn never be guaranteed. A o)mprehensive plan Is always In place to a¢lively pursue various sources of income throughout the year, contrlbullng Iow8rds achieving funding Ihe budget s6t for Ihe year. The pdmary rlsk that the Centre has encountered and continues lo face is the potential loss of income from the services il provides. Ultimately, the risk is thal a service will be committed to be provided but a way lo fund that service is not found. To miligale that risk, the Centre continuously strives to secure funding from a wide range of sources while always monlloring and managing costs. The seNices provlded are fre8 of cost when provided, bul the actual cost of provldSng the service and sugges180 donallons 8r8 always hlghllghted wllhin the Centre and In markellng materials. The Twst8es and the sub linanc8 group conllnue lo m8&t regu18rly Ihroughoul the year to carefully monitor the financlal positlon of Ihe Centre and seek outside advice as and when required. In reachlng Ihelr conclusion. the Trustees have revlewed the chariws monthly cash flows, applied sensitivity analys89 as appropriaté, and considered the possibilty of longer-temi funding sources induding inter year grants 2nd legacies. As a result of the aclions taken and after consideralion of all faclors, the Trustees consider that no material uncertalnty exists and ihey conllnue to adopt the going concern basis in preparing the financial st8lemenls. 1.3 Charitsble funds Unreslricled lunds a￿ available for use at Ihe discretion of Ihe Trustees in furtherancR of their charltable objectives. Designated funds comprise funds which have been set aside at the discretion of the Trustees for specific purposes, The purposes and uses of Ihe designated funds are lor Ihe improvement of property facilities and enhancement of the current service provision. Restricted funds are subject to specific conditions by donors or grantors as to how Ihey may be used. The purposes and uses of the restricled funds are set out in Ihe notes lo the financial slatemenls. 17- NEURO THERAPY CENTRE LIMITED NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2025 Accounting poli¢le$ Icontlnued) 1.4 Income Donations and logacies are recognised and induded In the accA)unts when the Gh8rily is entitled to th8 income. recelpt is probable and the amount can be m6asured reliably. Grants receiv2blè arè credited lo ihe Statement of Financlal Activities in the year in which they are du8 and when any performanc6 condiuons have been mel. Membership subscriptions are accounted for when re¢8ived. unless they are recelved in advance of the year lo which they relate, in which case they are induded in deferred i¥Kome. Assets for distribution are recognlsed only when distribuled. Assets given for use by the Charity are recognised when recelvable. Stocks of undislributed donaled goods are not valued for balance sheet purposes. 1.5 Exp¢ndlture Resources expended are Included In the Slalement of Finandal Activilies on an accruals basls, Inclusive of VAT which cannot be recovered. Expendilure is Trcognised when there is a16gal and conslruclive obligation lo pay, it is prob8ble that settl8m8nt will be requlred and the amount can be measured reliably. Support costs are those funclions that assist the work of the charity lyjl do not directly undertake Charitable activities. Support costs include general office costs, staff costs, property costs and governance costs which support Ihe charlly's aclivilies. These CL)Sts have been allocated to expendilur6 on Charilable actlmlies. The bases on which support costs have been allocated are sel out in the support costs note to the accounts, 1.6 Tanglble flxed assets Tangible fixed assets are initially measured al Cost antj subsequentty measured at cost or valuation, n8101 depreciation and any Impaimienl losses. Depreciation is reco9nised so as lo write off Ihe ￿$1 or valuation of assets less their resldual valués ovér Ih8ir useful lives on tha following bases.. Leasehold improvements Units1&2 Pressure Chamber Equipment 10% per 8nnum- straight line 10% per annum- slraight Ilne 10% per annum- reducing balance 10% and 20% per annum- reducing balance The gain or Ioss arising on the disposal of an 8sset is determined as the dlfference between the sal8 proceeds and the carrying value of Ihe 8sset, and is recognised in the slatament of financial aclivilies. 1.7 Impalrment of fixed assets At e8ch reporting end dale, the charity reviews the carrying amounts of its langible assets lo d61emilne whether there is any indication Ihal those ass81s havo suffered an impairmenl loss. If any such Indralion exists, the recoverable amount of the assel Is ostimaled in order lo d8t6mine the extent of the impaiment loss lif any). 1.8 Cash and Cash equlvalents Cash and cash equivalents include cash In hand, deposits held al call wilh banks, other short-temi liquSd inveslments with original maturities of three monlhs or less. and bank overdrafts. Bank overdrafts are shown wlthin borrowings in curronl liabilities. 18- NEURO THERAPY CENTRE LIMITED NOTES TO THE FINANCIAL STATEMENTS {CONTINUED) FOR THE YEAR ENDED 31 MARCH 2025 A¢¢ountlng pollcles 0￿ ID Cq ffj *w 7J ¥) * 44 ro jo <0￿0)￿ 00￿¢￿$ OJ Ll) (O NEURO THERAPY CENTRE LIMITED NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2025 othor trading acllvltles Unrestrlcted Unrèslrlcted funds funds general general 2025 2024 Fundralsing events Sale of provisions 24,428 21,451 24,564 21,456 Other trading actlvities 45.879 46,020 Invéstm¢nt$ Unrestricted Endowment funds funds ganeral 2025 Tot81 Unrestrlctod funds general 2024 2025 2025 Int8r8$t received 11,153 1.844 12,997 5.142 Expendlture on ralslng funds Unrestrlcted Restrlcted funds funds general 2025 Total UnrostrScted fund8 general 2024 2025 2025 Fundralsing costs Items for resale Fundralsing agents 4,544 8,715 248 4,792 8,715 6,293 6,701 14,562 Fundraising and publiaty 13.259 248 13,507 27.556 13,259 248 13.507 27,556 21 ¢ls O) IN th O Lr) Lt¢ Ilj ouirri ) ¢Xs as ) a) IYJ J m (o ) ￿ oj a) ¢D J ¢JJ O) (N ¢N c c q) o) ( asm (o WJ LYJ ujo NEURO THERAPY CENTRE LIMITED NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2025 10 Net movoment in funds 2025 2024 Net movement In funds is slated afler chargingllcrediling) Fees payable for the audil of the ch8ritys finan¢ial statements Depreciation of owned langlble fixed assets Loss on disposal of tangible fixed assels 7,500 33,230 3,242 16,792 11,400 11 Trustees None of the Trustees {or any persons connected with them) received any remuneration or beneflts frcNn the charity during the year. 12 Employ••s Number of employees The average monthly number of employeas during the year was: 2025 Number 2024 Number Equivalent full lime employees 25 23 Employment costs 2025 2024 Wages and salarles Social security costs Other pension costs 526.233 37,175 10,110 470,257 33,414 7,939 573,518 511,610 Of the tolal staff costs and Iruslee renurneralion and expenses £256.915 {2024 - £251.3641 was unreslricled and £321,60412024 - £281.034) was restrlcled. Penslon costs are allocated In proportlon lo relaled stsff cosls. The total renumeralion benefits payable to key management personnel was £61.186 The number of employ8es whos8 annual remuneration was £60,000 or more were.. 2025 Number 2024 Number £60,000- £70,000 -24- NEURO THERAPY CENTRE LIMITED NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2025 13 Other UnMstrl¢ted Restrlcted funds funds Total Total 2025 2025 2025 2024 Net loss on disposal of tangible fixed ass8ts 11,400 For the year endéd 31 March 2024 8.919 2.481 11,400 14 Tanglbla flxed as$8ts Leas¢hold Improvements Unlt$1&2 Pr•s$￿1* Chamber Equlpm•nt Total Cost At 1 April 2024 Additions 369,426 96,642 123,166 19.357 161,662 68,424 647,087 191,590 Al 31 March 2025 369.426 219,808 19,357 230,086 838,677 Depreciatl¢>n and Impalrment Al 1 April 2024 Oepreciation charged in the year 334,791 6,281 11,837 752 89,563 11.543 436,191 33.230 14.654 Al 31 March 2025 341,072 14,654 12,589 101.106 469,421 Carrying amount At 31 March 2025 28.354 205,154 6,768 128,980 369,256 Al 31 March 2024 34,634 96.642 7,519 72,098 210,893 15 Debtors 2025 2024 Am4)unts falllng due wlthln one year: Trade debtors Other debtors Prepayments and accnjed income 517 4,555 29,268 3,119 2,017 19,171 34,340 24,307 -25- NEURO THERAPY CENTRE LIMITED NOTES TO THE FINANCIAL STATEMENTS {CONTINUED) FOR THE YEAR ENDED 31 MARCH 2025 16 Credltors: amounts falllng dua wlthin one year 2025 2024 Other credllors Accruals and deferred income 18,882 41,517 23,122 10,053 60,399 33.175 17 Daferred Income Deferreé Inexjme at 1 April 2024 Refunded in tho year Received in the year Deferred income at 31 March 2025 1,454 11,454) 457 457 Deferred income r&lales lo fvnds received in advance from fundraisers for evonts that take place after Ihe year end or membership subscriptions received in advance. 18 Rétlrement bonefit schemes 2025 2024 Daflnad contributlon schames Charge lo profil or loss In respe¢l of defined contribution schemes 10,110 7.939 The charity operates a defined contribullon pension scheme for all qualifying employees. The assets of the scheme are held separaiely from those of Ihe Charity in an independ8nlly adminislered fund. 19 Endowmént funds Endowment funds represent assels which musl be held by Ihe charity for a perlod of 5 years. Income arising on Ihe endowment funds can be used in accordance wilh the terms ol Ihe endowment and is included 8S restricted In¢ome. After a period of 5 years the funds can be released from the terms of the endowment and wlll become part of unrestricted funds. At 1 Aprll 2024 Incomlng At 31 March rosour¢es 2025 The Edward Gosillng Fund 181,844 181.844 lj JOJ ots t))thOO ooo WcaoNoo loooooo 000 OOQLn ¢D o) J c U ¢1 Z £ <0 Q) (Jouuu E o)'_ <2(D(DtnUUUOUuUUUUQWUJ￿￿lL(jQr 000, • ir)rowO 0*0 jo Oln (O C¢ 00 00 ¢0 ￿ in OOLnooo 0¢0￿000 In¢XI O Lr) * 01 oujo oots C•rO rrto - LL Q TJ Ul o E5 CN (n o o VJ q) q) 2¥ ,jll.I CLC ¢PJ o £ ffj rfj o x QI OT> (L L) U tFJ'_ SS>>¢r ¢D" <2coCDmUUUUUUL)OW￿liLilL1￿(￿Ir CLE£ xxa £cJc) ILLux¥z(g￿o}ZU)CLP iLIJLL(LzSz (J 4)2 EoC)oEE ao £ffjE(ou XO UZJJ E- EE5 c L) v)a 41 ffj uJ(ty ffj o) ED(oor£c£ffj- OLPLuWryo£d) J 4) Q) zZZCLQtr-ttUJU)￿lL￿￿-FF￿>￿ W(f S ¢0 NEURO THERAPY CENTRE LIMITED NOTES TO THE ACCOUNTS (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2025 22 Operating Lease Commitments Lessea Al the reporting end dale the chartty h8d outstanding commitments fw future minimum lease payment8 under non-cancellable operating 188ses. which fall due as follows= 2025 2024 Within one year Betsveen two and years 54,824 58,005 55,649 109,859 112.829 165,508 23 Related party transactlons There were no disclosable related paty transactions during the year12024 - none). 24 Cash 98norated from opèratlons 2025 2024 Surplus for the year 418,462 50,614 Adlustments for. Investment income Ye￿gniSed In statement of financial 8cllvllle$ (Galnyloss on disposal of langibte fixed assets Oeprecialion and impairment of tangible fixed assets (12,997) (5,142) 11,400 16,792 33,230 Movements In worklng capltal: Ilncrease) in debtors Increasel(decreas8) in credilors (10,033) 27,224 16,502) 117,444) Cash g•n8ratéd from operatlolls 455.886 49.718 25 Analysls of changès in nét funds The charity had no debt during Ihe ￿ar. -32-