REGISTERED COMPANY NUMBER: 02366441 (England Wales) REGISTERED CHARITY NUMBER: 701561 MERCIA MS THERAPY CENTRE LIMITED UDITED FINAN IA srATEMENT R THE YEAR ENDED 31 MARCH 2024 Arnlstrongs Bishop Simmons Chartered Accountants and Tax Advisors Gethin House 36 Bond Street Nuneaton Warwickshire CVI14DA
MERCIA MS THERAPY CENfRE LIMITED CONTEiYfs OF THE FINANCIAL STATEMENT FOR THE YEAR ENDED 31 MARCH 2024 PAge Referenee And Administrative Details Report of the Trustees 2 to 6 Ihdependent Examiner's Report Ststement of Financill Activitie5 Balance Sheet 9 to 10 Notes to the Financial Statements 11 to 18 Detailed Statement ofFinancial Activities 19 to 20
MERCIA MS THERAPY CENTRE LIMITED REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31 MARCH 2024 The trustees who are also directors of the charity for the PUTposes of the Companies Act 2006, present their report with the financial statements of the charity for the year ended 31 March 2024. The trustees have adopted the provisions of Accounting and Reporting by Charities: Statement of Recommended Practice applicable to ¢harities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) (effective l January 2019). ORJECTIVES AND AcfiviTIES Objectives and Attivities The Company's objectives and principal activities are to help people wlth Multiple Sclerosis (and their carers) to remain as active and mobile as possible commensurdte with iheir difficulties. The Charity offers a variety of therapies all practiced by professionally qualified therapists. These are also available for many other conditions. including children who have cebraI Palsy and Autism and Cancer patients. All are available to our members within the Centre which provides a friendly and relaxed environment where they Can enjoy companionship and peer support. Page 2
MERCIA MS THERAPY CENTRE LIMITED REFERENCE AND ADMINISTRATIVE DETAILS FOR THE YEAR ENDED 31 MARCH 2024 TRUSTEES C S Kitson Trustee D Ridgway Trustee L Bames Trustee D Partington Trustee REGISTERED OFFICE 8 Macefield Close Ald¢mans Green Industrial Estate Coventy West Midlands CV2 2PJ REGISTERED COMPAIYY NUMBER 02366441 (England and Wales) REGISTERED CHARITY NUMBER 701561 INDEPENDENf EXAMINER Annstrongs Bishop Simmons Chartered Accountants and Tax Advisors Gethin House 36 Bond Street Nuneaton Warwickshire CVII 4DA Page I
MERCIA MS THEIL4PY CEIwfRE LIMITED REPORT OF THE TRUSTEES R THE YEAR ENDED 31 MARCH 2024 ORIECTIVES AND AcfiviTIES Advice and Information In addition to the annual accounts we produce an infom)ation leaflet which shows plctures of our therapists providing their respective therdpies together with additional inforniation about them. These are distributed to GP surgeries and hospitals within our area and generally are available to members of the public upon any collection day or event. We also produce infom)ation packs tailored to specific medical conditions and four inforniative newsletters per year. The centre holds an annual Open Day when members of the public are invited to meet the therapists and discuss their requirement and therdpists give practical demonstration of their therapies to people. If there is a demand for new therapy from our members, the Centre will endeavour to attrdct funding so that ihis new therdpy can be introduced. Training Training is given to staff in First Aid, Fire Safety, Child Protection and Fundraising techniques and Charity and volunteer management. Training is also given in the operation of the two oxygen therapy chambers. This training is also given to volunteers who, when trained, will be examined and certified by the Centre Manager. Financial Review The exislence and well-being of the Centre and its ability to heavily subsidise all therdpies for our members rely of ¢ourse in the ability to attract funding from Charitable Trusts, Companies and community fundrdising. The accounts for the period ended 31 March 2024 show donations from Charitable Trusts. individuals and public fundraising tota]led £67.561 compared to £66,995 in the previous year. Totsl income for the year amounted to £147.443 wilh total costs amounting lo £140,457 with a resulting surylus of £6,986 compared to a defecit of £5,514 for the previous year. Centre expenditure has again been kept to a minimum where possible and every effort will be made during 202412025 by our dedicated staff to produce a surplus for the year ended 31 March 2025. The staff will continue to work tirelessly on fundraising activities and Cost cutting me&sures. Investment And Reserves Policy Surplus funds are invested in the Cambridge and Countries, yielding a return of1.75 /0. Aside from retaining a prudent amount in reserve ea¢h year most of the charity funds are spent in the short temi and there are few ndS available for long terni investment. When we have achieved our goal for our reserve policy we wi reconsider an additionaI investment which may give a higher return. The Management Committee has examined the charity's requirements for reserves tn the Itght of the main risks to the organisation. It h&s estsblished a policy whereby the unrestricted funds not committed or invested in tangible fixed assets held by the charity, should be between 6 months and 9 months of expenditure and b&8ed on 2023 the target is £66,000 to £ioo,000 The reseeS are needed to meet the working capita] requirements. and the day-to-day running of the charity and the Management Committee are confid¢nl that at this level they would be able to continue the current activities of the charity in the event of a signifit drop in funding. Free reserves available to the charity are £143,016 and we have therefo met our nine month target level. However. the management Mmittee has set aside a designated fund of £50.000 out of the free reserves. a5 a contingency fund to help finance future large repair $tS and replacement of capitat equipment and this has reduced the free reSCeS to £93,016. Page 4
MERCIA MS THEIL4PY CEiYfRE LIMITED REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31 MARCH 2024 ORJECTIVES AND AcfiviTIES TherApies Oxygen Therapy We have two chambers wherein we treat people with Multiple Sclerosis and other neurological conditions, Autism and Cerebrdl Palsy, Cancer and still have spare capacity available. Airnergy We now have 4 Airnergy machines which allow people to breathe energised air. The equipment was made available by generous donations by Charilable Tru51s and is available for people to tske home to use on a daily basis. Physiotherdpy Is still a very popular therapy, essential for those with Multiple Sclerosis. We have specialised equipment including an electrically operated standing frame which enables members nomally restrt¢ted to a wheelchair to stand upright. We also have upper body gym equipment. balance equipment and power assisted exercÉse bikes, all due to generous donations from Charitable Trusts. We have an in¢ttasing number of people recovering from strokes who are using our physiotherapy setvice. Reflexology This therapy is still very popular with our members and helps relieve pain and discomfort and aids relallon. Yoga Utilised by a smaller group of people, who nevertheless benefit from the therdpy. Our yoga teacher tailers the classes to meet Ihe needs of each individual taking part. so thal they ¢an set the m&ximum benefit depending on their abilities. Viofor Viofor equipment provides pain relief to sufferers of Multiple Sclerosis and other condilions, by using electromagnetics. Theragem Due to the generosity of Trusi donations we were able to pUrChe equipment that uses crystsls and interniittent light frequencies to provide pain relief and relaxation to our members. Foot Health We have a practitioner who attends the centre twice monthly to treat members, foot problems.This is a vital and very popular therapy. Outreach Service-Home Visits We realised that there were a number of our members who were becoming incre&8ingly isolated due to their age and ill health and were finding it difficult lo attend the centre for their treatments. Thank5 to the generosity of charitable trusts we have started an outreach service whereby those members who can no longer attend the centre can be visiied at home by a thernpi5t. Counselling We have a counsellor who gives her time free of charge to our members should they wish to access her services. Therapy days We hold several therdpy tester dayslwellbeing days per year. where people with many different medical conditions can access all our thernpies for a small donation and on occasions free of charge if funding is in place. Therapeutic classes When funds are available various art and Cfdft classes are held for our members. Members find these activities therapeutic, creative and within their physical capabilitie5. Page 3
MERCIA MS THERAPY CEIYTRE LIMITED REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31 MARCH 2 24 STRucfuRE. GOVERNANCE AND MANAGEMENT Organisational strueture The Mercia MS Therapy Centre has a Management Committee of up to Six members. who meet every 3 months. The Centre Manager also attends. The Centre Manager does not have any voting rights at these meetings. The Centre Manager is responsible to the Chairnian of Trustees for Fundraising, to ensure that corporate and community fundraising are progffssed efficiently and effectively, the safe and efficient running of the centre and the monitoring and recording of all operational aspects covering the safety of people when receiving Oxygen thernpy within the oxygen chambers. The Administration and Fundraising oificers. oxygen chamber operators are responsible to the Centre Manager for the safety of all people within the Centr¢, that il is run smoothly on a day-to-day basis, and that the therdpist's appointment system5 are run elfi¢iently. They are also the responsible officer for first aid within the centre. The Centre manager and the Tre&surer issue monthly reports to the Management Committee detailing their respective up-to-date positions, the current financial income and expenditure and total cash resource available to the organisation. They also detail therapy usage, all fundraising activity. funds achieved and a timetable of fundraising events and collections. Induction and training of new trustees Most trustee5. being members are already familiar with the varying therdpies practiced within the centre and the organisational struth]re. New Trustees would be shown around (together with introductions to members and therapists) by the Chaim)an and Centre Manager. All trustees will be given the Charity Commission booklet covering Obligations of Trustees together with the charity's own document detailing the activities undertaken within the Centre and detailing whal is expected of them as trustees. The ndamental points within the Articles of Association and Memorandum will be enumerated and discussed together with a copy of the latest annual accounts and copy of the Charity's three-year plan. Management Committee Mr D Ridgway - Tre&surer Mr C Kitson - Chaimian Mrs L Barnes Mr D Partington Mr C Kitson took over the role of chairman after the year end from March 2022. Seeretary Management Team Mrs M McDemiott (Centre Manager) Mrs K Browne (Fundraiser) Ms E Piper (General Assistant) Mrs Caroline Jones (General Assistant) Risk Assessment The Management Committee have during 2021 carried out a review of the major risk5 to which the Charity could be exposed with the prepardtion of a business plan to 2024. The major one being if donations and other fundraising sources should be drastically curtailed. Any new project or equipment will not be implemented or purchased until funding has been acquired. Internal Control risks are minimised by the introduction of a system whereby key financial ntrOlS are recorded by the treasurer and all Fundraising and other key procedures are recorded and filed by the Centre Administrator and the Centre Manager. This report h&5 been prepared in accordance with the special provisions of Part 15 of the Companies Act 2006 relating to small wmpanies. Approved b order of trustees on 6 June 2024 and signed on its behalf by- D Partington - Trustee Page 6
MERCIA MS THERAPY CENTRE LliWtITED REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31 MARCH 2024 OBJEcfIvES AND ACTIVITIES We would like to give thanks to our main contributors for their continued support and funding of the charity. General Charities of the city of Coventry Florenc¢ Turner Trust Coventy Municipal Charities Wilmcole Charitrust Ginlander Foundation Baron Davenport FC Stokes Charitsble Trust Morrisons Foundation IM Properties Foundation Coventy & District Charitsble Trust Marsh Charitable Trust IMI Charitable Trust National Grid Community Matters Fund GJW Turner Trust JC Secombe Charitable Trust Westham House Fund Citizens Local Albert Hunt Trust Local Giving Magic Little Grnnts William A Cadbury Charitable Trust Major Boyd Carpenter Cup Coventy & District Trust Aylesford Charitable Trnst WED Charitable Trust RS Brownless Charitable Trust PLANS FOR THE FtrruRE Our priority for 2024 is to continue to raise suificient fijnds and to inc&Se the utilisation of our therapy centre by other disability and community groups who may benefit from the facilities and services that we can offer here. Also we have an increasing number of cancer patients and long covid patients using our centre and we hope to develop some specific services for this purpose. STRUCTURE, GOVERNANCE AND MANAGEMENT Governing document The organisation is charitable company limited by guarantee, incorporated on 29th March 1989 and registered as a charity on 16th May 1989. The Company was estsblished under a Memorandum of Association which determined the objects and powers of the charitable company and is govemed under its Articles of Association. In the event of the company being wound up rnembers are not required to contribute financially. Recruitment and Appointment of the Management Committee The Directors of the Company are also charity trustees for the purposes of charity law and under the company's Articles are known as a Committee of Management. Under the requirements of the Memordndum and Articles of A5S0Clation the members of the Management Committee are elected to serve for one year after which they must be re-elected at the next Annual Generdl Meeting. Page 5
MERCIA MS THEIL4PY CENTRE LIMITED STATEMENT OF FINANCIAL ACTIVITIES FOR THE YEAR ENDED 31 MARCH 2024 PERIOD 1.1.22 TO 31.3.23 Totsl nds YEAR ENDED 31.3.24 Total funds Unrestricted funds Restricted fund Note5 INCOME AND ENDOWMENTS FROM Donations and legacies 50.856 16.705 67,561 66,995 Charitable *ctivities Incijme from charitable activities 68.395 68,395 80.302 Other trading activities Investment income 6.965 4,522 6,965 4.522 4,528 2,046 Total 130,738 16,705 147.443 153,871 EXPENDITURE ON Charitsble aetivities Charitsble Activilies 110,085 12,310 122.395 138,597 Raising Funds 18,062 18.062 20.788 Total 128,147 12,310 140.457 159.385 NET INCOMEI(EXPENDITURE) 2,591 4,395 6.986 (5.514) RECONCILIATION OF FUNDS Total funds brought forward 140,425 3.406 143,831 149.345 TOTAL FUNDS CARRIED FORWARD 143.016 7,801 150,817 143,831 The notes fomi part of these financial statements Page 8
INDEPENDEKf EXAMINER'S REPORT TO THE TRUSTEES OF MERCIA MS THERAPY CENTRE LIMITED Independent examiner's report to the trustees of Merci8 MS Therapy Centre Limited ('the Comp#ny') I report lo the charity trnstees on my examination of the accounts of the Company for the year ended 31 March 2024. Responsibilities And basis of report As the ¢harity'S tru5t¢es of the Company (and also its directors for the PUTposes of eompany law) you are pOnsIble for the preparation of the accounts in accordance with the requirements of the Companies Act 2006 Cthe 2006 Act,). Having s&tisfied myself that the accounts of the Company are not required to be audited under Part 16 of the 2006 Act and are eligible for independent examination, I report in respect of my examination of your charity's accounts as carried out under Section 145 of the Charities Act 2011 ('the 2011 Act,). In carrying out my examination I have followed the Dire¢tion5 given by the Charity Commission under Section 145(5) (b) of the 2011 ACL Independent examiner'5 5tstement I have completed my examination. I confimi that no matters have come to my attention in connection with the examination giving me cause to believe: accounting records were not kept in respect of the Company as required by Section 386 of ihe 2006 Act. or the accounts do not accord with those records. or the a¢counts do not comply with ihe accounting requiremenls of Section 396 of the 2006 Act other than any requirement that the accounts give a tNe and fair view which is not a matter considered as part of an independent examination. or the accounts have not been prepared in accordance with the methods and principles of the Statement of Rewmmended Practice for accounting and reporting by charities (applicable lo charilies 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 drnwn in this report in order to enable a proper understsnding of the a¢¢ounls to be reached. Muhammed Shabbir AnStrongS Bishop Simmons Chartered Accountants and Tax Advisors Gethin House 36 Bond Stt Nuneaton Wanvickshire CVII 4DA 6 June 2024 Page 7
MERCIA MS THERAPY CENTRE LIMITED BALANCE SHEET 31 MARCH 2024 2024 2023 Notes FIXED ASSETS Tangible assels 12 5,750 6.312 CURRENT ASSETS Debtors Investments Cash at bank and in hand 13 14 5,699 4,623 11.993 123,315 141,603 147,302 139,931 CREDITORS Amounts falling due within one year 15 (2,235) (2,412) NET CURRENT ASSETS 145.067 137.519 TOTAL ASSETS LESS CURREIYT LIABILITIES 150.817 143.831 NET ASSETS 150,817 143,831 FUNDS Unrestricted funds: General fund Designated Funds 18 93,016 50,000 90.425 50,000 143,016 140,425 Restricted funds.. Restricted fund 7,801 3,406 TOTAL FUNDS 150,817 143,831 The charitable company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2024. The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2024 in accordance wilh Section 476 of the Companies Act 2006. The trustees acknowledge their responsibilities for (a) ensuring that the charitable company keeps accounting records that ¢omply with Section5 386 and 387 of the Companie5 Act 2006 and preparing financial ststements which give a true and fair view of the state of affairs of the charitable company as at the end of each financial year and of its surplus or deficit for each financial year in accordance with the requirements of Sections 394 and 395 and which otheTrvise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the charitable company. (b) The notes foThn part of these financial stst¢ment5 Page 9 ¢ontinued...
MERCIA MS THERAPY CENTRE LIMITED BALANCE SHEET- eontinued 31 MARCH 2024 These financial statements have been prepared in accordance with the provisions applicable to charitable companies subject to the small companies regime. The finan¢ial statements were approved by the Board of Trustees and authorised for issue on 6 June 2024 and were signed on its behalf by.. D Partington - TNstee The notes forn] part of these financial statements Page 10
MERCIA M THERAPY CENTRE LIMITED NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDKD 31 ARCH 2024 ACCOUNTING POLICIES Basts of preparing the fjnaneial stAtements The financial statements of the charitable company, which is a publi¢ benefit entity under FRS 101 have been prepared in a¢wrdance with the Charities SORP (FRS 102) 'A¢counting and Reporting by Charities: Ststement of Recommended Practice applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in ihe UK and Republic of Ireland (FRS 102) {effective l January 2019),. Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland, and the Companies Act 2006. The financial ststements have been prepared under the historical cost convention. Income All income is recognised in the Statement of Financial Activities once the charity has entitlement to the funds, it is probable that the income will be received and the amount Can be measured reliably. Expenditure Liabilities are recognised &$ expenditure as soon a5 there is a legal or constrncttve obligation committing the charity to that expenditure, it is probable that a transfer of economic benefits will be required in settlement and the amount of the obligation can be measured reliably. Expendithre is accounted for on an accnjals basi5 and has been classified under headings that aggregate all cost related to the category. Where costs cannot be directly attributed to particular headings they have been allo¢ated to activities on a basis consistent with the use of resources. Tangible fixed assets Depreciation 15 provided at the following annual rates An order to write off each asset over its estimated useful life. Plant and machinery Fixtures and fittings Computer equipment IOO/o on cost IOO/o on cost 25 /0 on cost Taxation The charity is exempt from corporation tax on its charitable activities. Fund aecountlllE Unrestricted funds can be used in accordance with the charitable objectives at the dis¢retion of the trustees. Restricted funds can only be used for particular restricted purposes within the objects of the charity. Restrictions arise when specified by the donor or when fimds are raised for particular restricted purposes. Further explanation of the nature and purpose of each fund is tncluded in the notes to the financial statements. Hire purchase and leasing commitments Rentals paid under operating leases are charged to the Ststement of Financial Activities on a straight line basis over the period of the lease. Pension costs and other post-retirement benefits The charitable company operates a defined contribution p¢n5ion scheme. Contribution5 payable to the charitsble company's pension scheme are charged to the Statement of Financial Activities in the period to which they relate. Pagell onlinued...
MERCIA MS THERAPY CENTRE LIMITED NOTES TO THE FINANCIAL SfATEMENTS - continued FORT E YEAR ENDED 31 MARCH 2024 DONATIONS AND LEGACIES PERIOD 1.1.22 TO 31.3.23 YEAR ENDED 31.3.24 Donations from Individuals including collections Donations from cotyorate sponsors and charitable trusts 50,857 16,704 61.967 5,028 67.561 66.995 OTHER TRADING AcfiviTIES PERIOD .1.22 TO 31.3.23 YEAR ENDED 31.3.24 Membership fees 100 Club 6,739 226 3,268 1,260 6.965 4.528 INVESTMENT INCOME PERIOD 1.1.22 TO 31.3.23 YEAR ENDED 31.3.24 Interest re¢eivable - trading 4,522 2,046 INCOME FROM CHARITABLE AcfiviTIES PERIOD 1.1.22 TO 31.3.23 YEAR ENDED 31.3.24 Adivity Income from charitable a¢tivitie5 HBO and iherdpy income 68,395 80,302 Page 12 continued...
MERCIA MS THERAPY CENfRE LIMITED NOTES TO THE FINANCIAL STATEMENTS- continued YEAR ENDED31 MARCH 2024 CHARITABLE A1VITIEs COSTS Support costs (see note 7) Charitsble Activities 122.395 SUPPORT COSTS Charilable Activities Governance Costs Finance Totals Charitable Activities 119,932 15 2,448 122.395 Support costs, included in the above, are as follows: PERIOD 1.1.22 TO 31.3.23 Totsl activities YEAR ENDED 31.3.24 Charitable Activities Wages Pensions HBO Thernpy and other direct therapy costs Other operating leases Rates Repairs and Maintenance Light and heat Telephone Printing and stationery Jnsurdnce Sundries Consumables Payroll bureau costs Depreciation of tangible and heritsge assets Impainent losses for intangible fixed assets Bank charges A¢countanoy and legal fees 40.351 404 40,005 14,112 2,765 1,426 4,721 1,759 1.416 5,970 4,163 1,075 240 562 963 15 2,448 39,594 505 37.649 35,686 1.891 1,859 4,924 1.812 874 6.596 2,335 709 280 ,311 115 2,450 122.395 138,597 Page 13 continued...
MERCIA MS THERAPY CENTRE LIMITED IYOTES TO THE FINANCIAL STATEMENTS- continued FOR THE YEAR ENDED 31 MARCH 2024 NET INCOMEI(EXPENDITURE) Nel in¢omel(expenditure) is stated after chargingl(crediting): PERIOD 1.1.22 TO 31.3.23 YEAR ENDED 31.3.24 Depreciation- owned assets Hire of plant and machinery Other operating leases 562 40,005 14,112 1,311 37,649 35,686 TRUSTEES, REMUNERATION AND BENEFITS There We no trustees, remunerdtion or other benefits for the year ended 31 March 2024 nor for the period ended 31 March 2023. Trustees, expenses There were no trustees, expenses paid for the year ended 31 March 2024 nor for the period ended 31 March 2023. io. STAFF COSTS PERIOD 1.1.22 TO 31.3.23 YEAR ENDED 31.3.24 Wages and salaries Other pension costs 58.199 618 60.115 772 58,817 60,887 The average monthly number of employees during the year was as follows.. PEIUOD 1.1.22 TO 31.3.23 YEAR ENDED 31.3.24 Administrative Fund Raising No employees received emoluments in excess of £60,000. Page 14 continued...
MERCIA MS THERAPY CENfRE LIMITED NOTES TO THE FINANCIAL STATEMENTS- continued FOR THE YE R ENDED 31 MARCH 2024 ii. COMPARATIVES FOR THE STATEMENT OF FINANCIAL ACTIVITIES Unrestricted funds Restricted fund Total funds INCOME AND ENDOWMENTS FROM Donations and legacies 61,969 5,026 66,995 Charitable activiti&8 Income from charitable activities 80,302 80,302 Other trading activities Investment income 4,528 2.046 4,528 2,046 Totsl 148.845 5,026 153.871 EXPENDITURE ON Charitable activities Charitable Activities 131,413 7,184 138.597 Raising Funds 20.788 20,788 Total 152.201 7,184 159.385 NET INCOMEI{EXPENDITURE) (3,356) (2,158) {5,514) RECOIYCILIATION OF FUNDS Tolal funds brought forward 143.781 5.564 149.345 TOTAL FUNDS CARRIED FORWARD 140,425 3.406 143,831 12. TANGIBLE FIXED ASSETS Fixtures Plant and machinery Computer equipment fittings Totsls COST At l April 2023 and 31 March 2024 80,703 59,408 12,661 152,772 DEPRECIATION At l April 2023 Charge for year 74.391 562 59.408 12,661 146.460 562 At 31 March 2024 74.953 59.408 12,661 147.022 NET BOOK VALUE At 31 March 2024 5,750 5,750 At 31 March 2023 6,312 6,312 Page15 continued...
MERCIA MS THERAPY CENTRE LIMITED NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 31 MARCH 2024 13. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR 2024 2023 Prepayments 5.699 4,623 14. CuRR[r ASSET INVESTMENTS 2024 2023 & G Investments 11,993 15. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR 2024 2023 Accruals and deferred income 2,235 2,412 16. LEASING AGREEMENTS Minimum lease payments under non-cancellable operating leases fall due &$ follows.. 2024 2023 Within one year 528 528 17. ANALYSIS OF NET ASSETS BETWEEN FUP4DS 2024 Total funds 2023 Total funds Unrestricted funds Restricled fund Fixed assets Current &ssets Cuent liabilities 4.250 141,001 (2,235) 1,500 6.301 5.750 147,302 (2235) 6,312 139.931 (2,412) 143.016 7,801 150,817 143,831 18. MOVEMEiYf IN FUNDS Net movement in funds At 31.3.24 At 1.4.23 Unrestricted funds General fund Designated Funds 90,425 50.000 2,591 93,016 50.000 140.425 2,591 143.016 Restricted funds Restricted fund 3.406 4,395 7.801 TOTAL FUNDS 143,831 6,986 150,817 Page 16 continued...
MERCIA MS THEIL4PY CENTRE LIMITED NOTES TO THE FINANCIAL STATEMENTS - eontinued FOR THE YEAR E DED 31 MARCH 2024 18. MOVEMENT IN FUNDS- continued Net movement in funds, included in the above are as follows: Incoming resources Resources expended Movement in funds Unrestricteij funds General fund 130,738 (128.147) 2,591 Restricted funds Restricted fund 16,705 (12.310) 4,395 TOTAL FUNDS 147.443 (140,457) 6,986 CompAr#tiv¢s for movement in funds Net movement in funds At 31.3.23 At 1.1.22 Unrestricted funds General fund Designated Funds 93,781 50.000 (3.356) 90,425 50.000 143.781 (3,356) 140.425 Restricted funds Restricted fund 5,564 (2.158) 3,406 TOTAL FUNDS 149.345 (5,514) 143.831 Comparative net movement in fijnds, included in the above are as follows: Incoming resources Resources expended Movement in funds Unrestricted funds General fund 148.845 (152,201) (3.356) Restricted fund$ Restricted fund 5,026 (7,184) (2,158) TOTAL FUNDS 153.871 (159.385) (5.514) Page 17 continued...
MERCIA MS THERAPY CENTRE LIMITED NOTES TO THE FINANCIAL STATEMENTS - tontinued FOR THE YE R ENDED 31 MARCH 2024 19. RELATED PARTY DISCLOSURES The were no related party transactions for the year ended 31 March 2024. Page 18
MERCIA MS THERAPY CENTRE LIMITED DETAILED STATEMENT OF FINANCIAL ACTIVITIES FOR THE YEAR ENDED 31 MARCH 2 PERIOD 1.1.22 TO 31.3.23 YEAR ENDED 31.3.24 INCOME AND ENDOWMEIYTS Donations and leg2eie5 Donations from Individuals including collections Donations from corporate sponsors and charitable trusts 50,857 61.967 16.704 5,028 67,561 66,995 Other trading aetivities Membership fee5 100 Club 6.739 226 3.268 1,260 6,965 4.528 Investment income Interest receivable- trading 4,522 Charitsble activities BO and therapy income 68.395 80.302 Totsl incoming resources 147,443 153,871 EXPENDITURE Raising Funds Fundraising staff costs Fundraising staff pension ¢ost 17.848 214 20,521 267 18.062 20,788 Expenditure on Charitsbl¢ Activities Charitsbl¢ Activitie5 Wages Pensions HBO Therapy and other direct therdpy costs 40.351 404 40.005 39.594 505 37,649 F- li Other operating Iwes Rates Repairs and Maintenance Light and heat Telephone Printing and ststionery In5ufdnce Sundries Consumables CatTied forward 14.112 2.765 1.426 4,721 1,759 ,416 5,970 4.163 1.075 118.167 35.686 1,891 1.859 4,924 1.812 874 6.596 2.335 709 134.434 This page doe5 not fonn part of the statutory financial statements Page 19
MERCIA MS THERAPY CEKfRE LIMITED DETAILED STATEMENT OF FINANCIAL ACTIVITIES FOR THE YEAR ENDED I MARCH 2024 PERIOD 1.1.22 TO 31.3.23 YEAR ENDED 31.3.24 ChAritsble Activitie5 Brought forward Payroll bureau costs Depreciation of tangible and heritsge assets Impairnlent losses for intangible fixed assets 118,167 240 562 963 134,434 280 1,311 119,932 136.032 Finanee Bank charges 15 115 Governance costs Accountancy and legal fee5 2,448 2.450 Total resources expended 140,457 159.385 Net incomel(expenditure) 6.986 (5.514) This page does not forni part of the statutory financial statements Page 20