Comp4ny reo151vaii0￿ ￿￿Mber.. 02270804 Chariiy IegisiT41ion Trumber.. 900083 Multiple Sclerosis Therapy Centre South West Limited IA compathy limiltd by 8uar•Dieel A Thnual Rtport and Financial Siaitmtnis for Ihe Y¢ar Ended 31 March 2021 *UK21L21¢ Thompson Jenn¢i LLP Chatte￿d AcLo￿nIan1s I Coll¢ioii Cr¢sc¢ni Extier D¢von A27 2411212Q21 COMPANIES H￿j$E #124 EX2 4DG Multiple S¢l¢rosis Therapy CeDtrt Souib West Limited Contents ReftreTrLt and Admini51raii*c Dtiails Try$t¢ts' Rrport ? 10 5 5iaiemeni ofTrusiee5' Re5ponsibiliiies Independeni Examinefs Report Siaiem¢Tri of Financtal AciiY¢iKs 8109 Balance Sheei Noivs tD Ihc Finanri41 Statcm¢nts 1210 27 Multiple Sclerosis Therapy Centre South West Limited Referenee and Administrative Details Cl*irm*# R O Gibson Tru$tet$ ROGib50n K A Jamieson S J ReardoTr D Walie15 Ster¢t•ry M A Holfflts Principal orrict Wesi Gran¥ CI¥si Htaih E.Yri¢r Dtyon EX2 7EY The chariiy 15 incorporaied in Éngllnd & Wale5. 02270804 CompaAy ReEiStriirofv Numbtr Ch*riiy Rtgistraiio* Numbtr 90008J Bankers CAF BaDk Lid 2) Kinfrs Hill Avtnue Wesi Mallino KtllE ME194JQ Br¢win Dolphtn Growp Ashltigh Court A5hkigh Wa). Langagt Business Park Plyrnovih PL7 5JX lftvesimeftt Advisors Imdeptndt#* Eiamintr 'I'homp50n Jenner LLP Chartered Ateouniants I Colleion Cr¢sctni E.¥erei Dtyo EX2 4DG M uliiple Sclero5i5 Therapy Centre So¥th West Limited TTllSle¢5' Report The Irusices. who are di￿£10rS for Ihe puip05es of company lam.. prtstni iht annual rcport ioscihcT wirh the ri*ancial 5tatemcTr15 of the chariiable company for the vtar Ended 31 March 2021. I. REFEREh4CE A .AD&IINISTR.A TIVE DETAILS 1.1 Ltgal Siruciurt Th¢ Company wa5 incoTporaied I￿ England and Walt5 on 74 June 1988 aThd is limited bv 0￿8￿1￿¢te under CornpaThy numbtr O?270804. 11 is a rtoisiered Charily under number 900083. The Chxrily Jlso operaie5 uThder lh¢ name of thr Souih W¢si MS C¢￿ire. 1.2 .4ddrtSS Regi51¢r¢d orri¢e and beadqvamers.. Wesi Granoe. Clysi Heath. Exeitr. EX? 7EY. IJ Trustees and Ixtcutivt Commilt¢t Rory Gibson Ichairl (Appoinied 2 April 2019) GraTht IResi8ned l March 20211 Darren Herd IR¢5igned 4 January 20211 Mike Holmts IRtsigncd 20 Augus1 20201 Karen Ja￿1￿50￿ IAppoini¢d I l 20201 Anneiit Lloyd Irtsièned 28 July 20211 Stephen Reardon (Appoinird 13 March 20201 Davr¢n Waliers IAppoinied 25 Ociober 20151 MiLe Holmes Company Stcrtiary IAppoinitd 20 Auguy 20201 Key Manag¢m¢￿t P¢T59nn¢l in¢lvd¢ Hll TnL51¢¢5 1Trd thc C¢nirc M•Trtgcr. 1.4 Pro(tssionil Advisors lThdtp¢ndcni Exarnincr5: Thornp5on JenTrcr LLP, I Colleion Cresceni, Extltp. EX2 4DG Banktis.. CAF Bank Lid. 2) KI￿¥$ Hill Avtnue. Kings Hill, Wtsl Mallin&. KeTri. ME19 4JQ lThvt51nieThl Advisors.. B￿Win Dolphin Group. Ashltigh Cown, Ashleioh Way. Lingagt Busittess Park": Plymouth. PL7 iJX 1Tr5urance 8rokcr5.' WRS In5urnn£e Brol¢is Lid, CadmaTr Ho￿$¢. otTPeaftrteRoad: ColchesieT, C03 ONW Z. STRUCTURE. GOVERI4ANCE.4IYD MANAGEalENT 2.1 Gover*iMtt Th¢ Chariiy'5 goyerning do¢urn¢ni i5 I15 mEmorandurn and anicles of a5$0¢i￿10n. The key people the Ofganisaiion I￿". . Tht Members P•gt 2 Multiple Sclerosi5 Therapy Ctntre South We51 Limited Trustees. Reporl Th¢ E.Keculivc Comtnillcc ITrusitC5 in Law) Th¢ Ce￿Ere'S Sthff, incl￿dIng ¥oltsnrttr5 MernbYr$hip of ihe Ce￿1[¢ is oprn 10 indiyiduals wish 10 use rhe facililie5 of Iht Cenirc. or thho ivi5h 10 luriher Ihe obieLlS of Ihe C¢Nire. Each rncrnberf5 liability is limiied M'inding up io an noi ¢k¢¢edJng £1.00. M¢Dib¢rs in addiiion pav an a￿￿Ul1 mefflbetship rte. The IT￿51¢¢$ ar¢ all membets, and will be appoinitd foi a 3 year ierm and Ihev caTr stryt a maxnnum of3 ierms. Ea¢h year. a Ihird of Ihe dirttior5 will rtsign. The E.%eculiYe Commii*t has ioial iesponsibiliry foi irnplem¢Diin4J the aiTh>s and objectives of th¢ Centre Ihrough the d¢Y¢lopffleni of JppropriaT¢ polici¢s and straiegies. Regular c(pmmiiiee meetings are held ai least bi-mTrThthly Ihroughoul ihe vtar 10 moniior and rtview ihe work of Ihe Ctnire. The numbti 0fMembe￿ as ai 31 March 2021 wa5 250. 2.2 Tr￿Slee Ind¥tiion aod Tr$iNiAg The Sttrtiavy is resp0ts5iblt for en5uriTh• Ihai nti¥ Trusiee5 are familiar15ed *iih Ihe res0￿r¢in￿ and finamccs of the Chariiy and iyiih iheir dwtics as Tru5tECS by disiribuiion of ihe Chariiy cornrnissio￿.S appropriate guides as to ihe duties and iesponsibililies ofch8rily Trn51tes. 2.3 Risk As5essmtni The Tru$i¢ts haye undertaken a rioorous asst55meni of Ihe major risk5 10 ￿'hICh Ihe Ctnirt 15 exposed usin g¥idelines developed by the Ch3riry Commi55ion. KCY area5 have been ideoiified and the plaTr produced is reviewed eaLh year. The oeLe55ary a¢iioTh thai ineeds to be iaken 10 rnitigate risks is id¢niifÈ¢d, pui in hand and Monito￿d. Pfice risk is loiv due ro ihe 5ervice5 proyidcd Trol bciTro availablc in Ihc local aTca. Cicdil, li4uidilY and ca5b tlow ri5k5 ale a150 Considered io bc low as there are no borrow1￿85 and 5￿ffIcIen1 liquid funds availablc lo supptsrt activities for a number of ytaTS. Financial rtstrve5 ha¥t been tsiabli5hed 10 th5￿re iht coniinued optrali0￿ of Ihe C¢￿Ire during iemporary 5honfwll of Income and also to deal with the necessary fllllding of repaits io Ihe bllildinr* ai Wesi Grange. which is a Grnde 11 Lisied buildinr• owned by Iht Ctniff. 3. OBJECTIVES AND ACTIVITIES 3.1 Objective Thr objcct row which the Ctnirt was tsiablishtd was and Is 10 aid and Improve Iht condilion of those diaonoged wilh Muliiple S¥lrru5i¥. Ihe area ofoperalion being rh¢ Sourh Wc51 of England whi¢h in pra¢tic¢ rxirnd5 from mid Som¢rs¢l and West Dorset down 10 Easi Cornwall. 3.2 Public BeThtfit Tht Trusites arc saiisfied thai Iht Charily's 51aied objecii¥e fa115 wiihin Ihe caieoorv "advancemeni of health. hich is sei oui ihe Chariiic5 Acr 2011. Th¢ Charity meeis Ihi5 0bj¢¢iiv¢ ihr0￿gh rh¢ proyision tsf o.Yyg¢n Ihrizpy. PTlll¢Lpally 10 p¢opl¢ wiih m￿11]ple Scler05is bul a150 to oihcr fftembtts ofihe publit who 5etk 10 obtain btntfil (rom sueh Ifeaimeni. The Trusie¢s have complied with Ihe Chariiit5 Aci 2011 and ihtir duly 10 -havt rtg8fd- 10 public benefii ouidan¢e piovidtd bv Ihe Chariiy ComrnissioTr whcn tx¢rc151Tr8 POWtr5 or ￿￿11¢5 10 which Ihe guidance is Page 3 M ultiple Sclerosis Therapy Centre South West LI￿ iled Trustees. Reporl 3.3 Prin¢ipil .4tlivilv The main aritviiy ol- Ihe Chariiv coniinut5 10 be Ihe proyision ol o%ygeTr Iherapy iotieihtr ￿'1(h phl'sioiherap!.. Oiher Iherapies are also provided ai Wesi Grantse io enablE an e.¥lcnded ran4e of 5erYi¢es 10 be rn3de available tor thE benefit ol mernbers. Aside from Iht proY15ioD of oxyoen Iherapy. Ihe Ihtrapies proYidEd are by indtptndcni providers and noi direcilv by the Charit).. 3.4 Siaff Tht Board grEaily v31ue and appreci3te the enihv5ia5m an(J rommrnmcni of all Ihe Ctnire siafl and Ihe ra￿11$t1C Yoluniters durino a di￿￿￿1[ year wilh Iht Covid- 19 Pwdemic. 3.> Therapists Thtrapisis during the ytar. Tai Chi Insiruciors Tom Collinsridge and Helen Killgdo Rathel DcTrne Physioiherapisl & Exertise Class Leader eflexology & Massag¢ TheTapi51 Counsellor & Massage Therapisi Louise Htaih Kairina Mil¥enon Anneiie Nuiiall Chitopodisi Yoga Insirn¢ior Physiolberapisi & Exercisc Class Lcadcr Rcbecca Pe￿n Carolt Shaw Micharl TrayI￿r 3.6 B￿lIdIng Use Ally room5 llQt required foi Ihe CeThire'5 own operaiion hirtd or leased out iyhert POS5ible. in Ofd¢r I provide ma.¥imum ust of Ihc facililics aTrd in ordcr ttr obtain coTririburion5 loward5 ihe running cos15 of Ihe D￿rIng the y¢ar. Th¢ Consultancy occup￿￿ Ihe lop floor of Ile main b￿lId￿ng a5 ienanis. McTimonEy ChiTopracior5 It&sed (he rear and froni room5 01 Ihe Coach HO￿$t for rheiT pracrice. 4. FINANI CIAL REVIEIV The CefjiT¢ is dependeni on a hioh Itvtl or rundrnisin*l and is particularly gTaieful for all th¢ fun(Jraisino aciivilies carried out to raise (unds ind io ¢v¢ryoTrc WM) organi5¢$ such aciiviii¢s. Th¢ ￿sU11 for Iht year, btfort inYe51mtthi movemcfftis. was a dcfitii of£12.372 {2020.- dtficit £52.3931. Tot81 i*£ome for the y¢iT was £170.084. which 15 in 1￿Crease from lusi year'5 figure of E140.762. Toial expenses ¢xLlvding inYe51mtni movemenis havt dtcrtastd by £10,699 fTom £193.155 lo f182.456. The ¢hariiy's ¢051 b35¢ ha5 be¢n 51abl¢ 3nd in line wilh bwdgel. There has been a gain on in¥esimtnis of£87.612 12020-. loss of £39:081). These res￿115 show an overnll surplus for Ihe year of£75.?40 1?020-. deficit of£91,4741. Untesiri¢red fuTrd5 have incrtased by £74.740 10 £1.086.i l i, *hilsi rtsiritied funds have increased by £500. Page 4 Multiple Srlero$is Therapy Centre South West Lirn ited Trustees. Report Rt5ervts Policy The Chari1> 5 fre¢ reserve5 aic £463:i44. Th¢se arc iht nei 05Stis of ufjresir¢citd funds and uodrsionaied funds e¥cluding lan8iblt fixtd asstrs. The iarDei Ic¥el or rTee ￿5¢￿¢5 is 6 MoniTh5' eipeDdiiur¢. ii'hi£h 15 E91,228. Fret restr¥t5 in txce55 ofihe res¢rye5 policv b!. EJ7?.316. £429.433 of Iht Chariiy s f￿¢ Ics¢rYe5 have been placed in invtsimtni portfolio manatied by Breiyin Dolphi 5. FUTtiRE PLAINS The Chawily will eoniinut 10 dellvei Ihe seivice5 identificd abov¢. In pani¢ular. we will-. Work wilh Ihe Chi¢f E.Y¢cuiiYc io mainiain sevit¢es durin& ihe pandtmie 8Dd 10 address Ihe cosuincorne hallen8e. Pul an even oreaier focus on our fundraising mirkciing diiY¢. D¢v¢lop the range of rherdpic5 thai brnrfii iht membtts. Monitor tht ma1￿1tnan£e and upkeep of Ihc buildina w ¢n5ur¢ li r¢maiTrs tn a statc of good Kpair. Raise awareness of lh¢ CeniTC. wiihub ih¢ carchmcni area. 10 increase ihe mernbetship. pamicularly in Tegard 10 ptople with MS. Work 10 ¢siablish close working ￿lJi10￿$ with the Muliiple Stltrosis Sotieiy which wsll ensure Ihe maiimum benefil for ofptoplt wilh MS. Coniinue 10 en5ur¢ Ihat the Centre is managed t￿l¢le￿IlY and ihai all needs of Iht membcrs ale fvlly iaken inio accouni and provided for so far as 15 financially p955ible. Small comp4nie5 provi5jOII 5t*teMeii This report has becn prepartd in atcordancc with Iht small eofflpanics reoirne under Ihc Comp?￿1¢5 ACT 2006. aThnual repom was approved by lh¢ irnsiee5 of ihe ch3riiy on and signed ils bthalf by.. OTh Trugte Page 5 Multiple SclerDsis Therapy Centre South West Lim ited Staternen¢ of Trus¢¢e5' Re5pon5ibilities Th¢ Irusices Iwho ar¢ also Ihe di1¢cio￿ of Muliipl¢ Sclerosis Therapy Ctnrrt SoDTh Wesi Limiied for ihe purp05vs of Lonipan! lawl dre responsible for preparino ihe irus1¢¢5' report and (he finailiial siaitmtnis in aciordanit iyiih Ihc UniiLd Ki*tidum At¢ouThrithr• 5iandards ivniltd Kingdom Generally A¢¥epiEd Acrouniin ConTpanv laiy requirES thr IFU5IEes iv pr¢pate financial 514i¢rn¢nis for ¢ach finaocial Ycai. Under compaTry law Ihe Iru51e¢s mu51 noi approve tht financial siaiemtnis unless ihey are saiisfied ihal ihey oiv¢ a Irue and fatr Yieiv of ih¢ slai¢ of affairs of ihe rhaviiable company and of it5 iDCOrning reSO￿tc¢S and applicaiH)fj of rtsourLts. includinfr 115 i*come and txptndiiure. for Ihai ptriod. In preparing ihese financial SlaiemeJblS, lh¢ Iru5t¢¢5 2r¢ rtquired io-. 5¢1eci 5uiiablr arrouniing policies and apply ih¢m consi51enily' ob5trve Ihc ffleihod5 3Trd principlc5 ifi the ChariEie5 SORP; mak-e judg¢m¢nts and estimates thai are r¢a50n•ble prudeni: siale wherher applicable UK AccouTrtino StJThdard5 have b¢¢n follow¢d. 5ubieci 10 any maierial depart￿re$ disclosed and e.¥plained in Iht finanLial siaicmeThis- and prepare Iht fina￿cIal sioitmeDIs OTr the •oints coTrctm basis unless il 15 inappTopriaie to PTesume thai ¢b¢ chariiablt company will ctsniinlle in business_ The Irusitcs art rtsponsiblt for kctping ad¢qu*re octovniithg reeords Ihai are $D￿l¢lellI 10 show and eAplain Ihe tharifable COrnpa￿Y'5 tr3nsac(io￿s di5¢105e 4vith reasonable a¢cura¢Y ai dny lime Ihe financial posiiion ofihe charitabl¢ ¢ompaTrs' enable them 10 ¢ffj5ure ihat the financial siaiemtD15 compl* ii11lh the Compatsies Acl 2006. Thty are also fesponsible for 58fcguarding Iht asstis of Iht chariiable company and he￿Ce for iaking reasonablc STCPS for th¢ prcvEniion and detecrion of ftaud a￿d oihtr itrtgulariiics_ rtsvtd by rhe irusiees ofrhc charitv on and 5i8ned on it5 behallby: don Page 6 M yliiple S¢ltro$i5 Tlterapy CeDtr¢ South West Limited Indtpendenl Ex#miner's Rtpori io ihe trystees of Mulliple S¢ltTO$iS Therapy Centre South Wes1 Lirn it¢d repoTI 10 Ihc chariiy iillsie¢5 on my r.¥aminatioR of th¢ a¢¢ounlS of Ihe charity for iht year ended 31 March 2021 which art Sei oul on paots 8 10 27. R¢5pectkv¢ r¢5poTh$ibililit5 of tr¥st*ts *nd tA#miitr As Ihe chaisiv s Irusi¢e5 of Multipl¢ S¢ler9515 Th¢rapy C¢nir¢ Souih Wesi Lirniied (92.4881 1159.9681 Toial e.¥pendiiurt G8insll05se5 on invt51meTri 8SS¢IS 1169.8931 87.612 1182.4561 87,612 Nei income Transfers beiween truthd5 9,740 65,000 6).500 165.000 75,240 Nei rnVVEm¢nt in funds 74.740 500 75,240 Retomtil¥*iiots or funds Toial funds brought forwaid Toial funds ¢arri¢d fonyard 500 1.086.515 Th¢ noies on pagt5 12 10 27 fomi an iniegral part ofihe5¢ finonci&l siaieffltnts. Pa£e 8 Multiple Selerosis Therapy Centre Soutlt West Lirn ited Statement of Financial Activities for the Year Ended 31 March 2021 (Ineludiftg Income and Expenditure Account and Statement of Total Recogni5ed Gains and Losses) UTrresiri¢ted Hesiritted Totgl 2020 I￿rOm¢ ind ETrdowmtnts frow: Donaii0Trs atrd lega£ic5 25.690 50,268 44.688 18.567 1.549 27.239 50,?68 44.688 18,567 Oihcr iradiNg aclivjlics InYe51ment in£om¢ Toial *ncorne 1.549 140,762 ExpEuditurt oA- funds 138.Oi31 138,Oi3 Toial cxpendiiure Gainsllosses on inve51meni as5e15 139,081) N¢1 ¢.¥pendilur¢ Transfers beiiyetn 179,6871 550 191.4741 liio) NeT movtmtni in funds 112J371 191.4741 RteonciliitsoTr of (wods Toial funds broughi fori¥ard 1,090.912 12.837 Toial funds carried forward 21 500 1.012.275 All of ihc ch&rily's aclivilies derTve fvom coniinuino optraiions durimfr the •bovc Iwo periods. Th¢ funds brealdown for 2020 is shoiyn in ￿0¢C 21. The notes on pa0¢5 12 10 27 fonn aTr initgrnl pan o(Ihese financial sthi¢m¢n￿. Page 9 Multiple Sclerosis Therapy Centre South West Lim ited (Registration nurn ber: 02270804) Balance Sheet as at 31 Mxr¢h 2021 1021 2020 ole Fixed assets Tangible asseis Invtsimenis 14 6?2.971 429.433 567.498 40i.276 1,05?.404 972.774 Current aS5tts Stocks D¢bior5 Casb ai bank iTrd in hand 16 1.973 20.754 70.222 316 18 36.637 92.949 50.714 Creditors: AfftowTrr5 fall¢Ag due wiihiffj ooe yt•r 19 157,8381 'tt turrtnl *SStt$ 39.501 i et ¥55tlS FuTrd5 of thE chirity.. Rtsiricted intomt f¥ods Re51riatd fund5 1.0 500 UAre$iritltd intomt funds UTrresiricied funds 1.086.515 Toial fwTrds 21 For I*¢ financial Y¢ai cndiDg 31 March 2021 Ih¢ charily wa5 eniiiled 10 txtmpiion from audil under settioD 477 ofiht Companies A¢1 2006 relaLLn8 10 sma15 companits. The membets hawe noi required Ihe charily 10 tsb￿in an audit of ils acrtsun15 for ih¢ ycar in quesiion in a¢¢ordan¢¢ wilh s¢ciion 476.. and Th¢ dir£¢iors 4¢knoivledge th¢ir r¢5ponstbiliiie5 for complying wilh Ihc requ1￿Men[S of iht Aci wilh respect to actouniing tt¢ords and th¢ p￿pa[allon of atttrunts. These accoun15 have bc¢n p￿pared in KrordaTrce wilh the provisK)Trs ¥ppli¢able 10 companits subjtei io Ihe small companies rtgime. Thc noles pases 12 to 27 an inttgnl pan ofihe5e financial sthi¢mcDIS. Page 10 Multiple Scler05is Therapy Centre South W¢si Limited (Registration ber: 0227O8V4} Balance Sheet 35 at 31 March 2021 The financi31 sialrmtthrs on pafrts 8 10 27 approved b¥ ihe If￿sIteS. and auihori5cd for is5￿ D .24*1*.i Jnd 51anLd Ihe¢i behalf by.. rdo ee The noie5 on pages 12 10 27 forni aft iniegral part of iht5e fsnancial 51aiemenis. Page 11 Multiple Sclero$i$ Ther¥py Centre South West Lim ited Noies to ihe Financial Statements for th¢ Y¢¥r Ended 31 March 2021 I ChAriiy Sliiui The charilv is Iimiied bv guarathiec. IflLorporaitd ITr England & Walcs. aTrd con5tq￿eftil1. does fio1 have share capiial. Earh of th¢ irusi¢es is liable 10 coriiiibuie amouni noi elc¢¢di￿8 £1 i0￿,ardS the a55¢l5 01 Ihe chatiiv ift Ihe e¥eTht of liquid￿lOn. Z A¢cowni1￿% policies mary of sigThifi<*Mt #t¢ouTrlillg policits and key *¢totsiti*8 esiimaies The principal accouniino policies appli¢d in lh¢ pr¢parniion of Ihese finaficial 51ai¢rn¢This art Sei otsi below. These policie5 have been consi51ently applied its all Ihe vears presenied. unle55 Oiherwist siaied. Siat¢ffj¢oi of compli*oct The fIna￿cIal 5taiefflen15 knaY¢ been prcpared in accordance wilh Accouniin# and Reporting by Chariiies.. Siaiemcni of Recommended Praciict applicable 10 chariiies pfepafinfr Iheir accouTr15 ITr accordance WiTh Ihe FinanLial Reporting sla￿dar0 applicablc in the UK and Republic of ITeland IFRS 1021 (effeciive l Jllnuary. 20191 . IChaTities SORP IFRS 10211.. Ihe Financial ReportiTrg Standard appliLible in the UK aTrd R¢pvblic of Ircland IFRS 1021. They a150 comply wiih Eht CofflpaTri¢s Aci 2006 dnd Charitie5 Ari 201 Basis ol prtp•raiio MultFple Stlerosi5 Therapy CtTr¢r¢ Sliuih Wesi LiThiicd TheEE5 ihe dcfiniiion of a public benefii EThtiiy under FRS 102. Asse15 Ind liabiliiies iAiiiall¥ ￿(ognIsed Jt hiswriral rosi or iran51ciion Yalu¢ ￿nIeSS 01he￿ISt siaied in the relevani acco￿ni1￿2 policy noi¢s. tomtern The Irusie¢s considtr Ihai Ihtrt art no mai¢rial ¥n¢¢riainiit5 aboui ihc chaviiy% abiliiy ￿ coniinut as a goinf• coftctrn Dor any si8nificanl areas ofunttrtainty Ihtti atrtci ihc carryin¥ value of asseis hcld by ihe rharity. IDtomt gnd Èidowmen15 All income is recognised onc¢ ihe rharilv has tntiilemtni io the intome. il is probable ihai Ihe in¢offl¢ will be ¢iv¢O Ihe ?mouni olihe incom¢ r¢c¢ivable be m¢85UTed reliably. DonolioThs #Rd le¥qciE5 DoNaiions arc rcrogni5ed Whe￿ Ehc alE5 proceeds and their rnark-ti Yalue ar starr of th¢ year. or ih¢ir s¥bs¢queTri ¢051. and ar¢ £harg¢d or ¢r¢dit¢d io Ihe Siaitmtiii of Finan¢i?l A¢iiYiii¢5 Ihe period ofdisposal. Unr'tC5 Iht b¢￿tfitS r¢laiing 10 tmployee service in Ihc curr¢ni aThd pritsr periods. coniribuii0￿5 10 defilltd co•iiibuiioTr plan5 &r¢ recognised in Ihe Siaiemeni of Financial Acii¥iiies whtn Ihty are due. If roniiibuiion paymenis excetd Ihe coniribuliofj dvt for servi¢e. Ihe ¢x¢¢55 is recOg￿lSed as a Prepayme￿[. riTrancial inSlTumts)Is art iniiially rt¢ooni%d ai ir¥n5ariion Yalu¢ 5ub$eguenily rneasurtd ai iheir settlemeThi Yalwe. 3 Intome from doTraiiois •od leg*rit5 U*resiritied fund5 General Rtstritttd rwTrd5 Tot*1 runds Donations and leoacies,. DoTraiions from LompaThies, irnsts and similar proceeds Donations from individ￿&15 Mtmbtrship fee5 Gr3Tr15, in¢luding capiial Rrants- Gov¢Tnmen( gTanls Granis fiom Oiher chariiits 4.000 21.646 4.800 4,000 22.146 4.800 500 12.563 65.000. 12,)63 65.000 Ttsial for 2021 3O_446 78.063 108.509 Toial for 202• 25.690 1.549 27.239 Plge 15 Multiple Sclero$is Therapy Centre South Wesl Lim ited Notes to the Financial Statements for the YeAr Ended 31 M#rcb 21121 4 lfflcome from thiriiablt *Clii'itits L+nre51ri¢itd funds General Total r¥Dds CEnirE sHles Tr¢aiffl¢ni 1.743 31.2)4 1.743 31.254 Total (or 2021 32.997 32.997 Total (or 2020 50.268 50.268 5 INiomt Irom olhtr trading gtiiyitit5 UNrtstrictrd lunds GtntrAI Toi*l Tradlng incomt.. Shop intomt from 5alc 0rdo￿aled goods and services Sales ofgoods and strvi¢ts Fuodraising t¥tn15 Solar panel income Properly ienial income 465 1.092 2.187 834 12,003 143 465 1.092 2.187 834 12.003 143 Total for 2011 16,724 16.724 Toial for 2020 44.688 44,688 Uttrestrieted TDt41 fuThds Gtneral Inieresl receivable and similar incomt.. Init￿st rtctiyablt on batsk dtposi Oiher in¢omc from fi¥td a55tI Invc51m¢nis Toial lor Z121 TolAI lor 2120 18,567 18.567 Page 16 Multiple Sclerosls Therapy Centre South Wtst Lifflited Notes to the Fitsanttal StalemeDts for the Year Ended 31 March 2021 7 Exptthdilurt oty r8isint Ufftre5triried ru*ds Centrxl 2021 Totil 2020 Toial lunds Cosi of g¢￿traling dtsnaiioths and 14acies Fundraisino LOSIS Cosi ol geneTaling rcnl81 income 6,551 6.642 24.961 6,450 3.81S 3.81) 22.4¥¥ 38.053 8 £¥p¢Trditure th*rit*blt *tti*itits UNrtStrictcd fuTrd5 D¢sigoated UThrtSlritltd runds General 2021 Tor*1 fulds 2020 Toi*l Resirititd Ccnir¢ sa1¢5 Tieaim¢nis cosis Centre operaiions 3.261 54.928 67,735 3.261 76.409 80.298 5.292 84,984 64.826 12.563 21,481 125.924 12.)63 l i9.968 Pa8e 17 Multiple Sclerosis Therapy Cenlre South West Limited Noies io the Fingncial Statements for the Year Ended 31 March 2021 %tt intofflingloulgoiwg rtsolrces Nei oulgoin¥ rcsourcE5 lor ihc j'car Iniludc-. iozi 2020 Ind¢p¢ndelli ¢Yafflination fee L055 on di5P05al of fi.Ked a55ers hEld flir ihe rharityts own u tkpreciatioTr orri.¥ed ass¢ 3.400 47 21.481 3.289 14.530 I l Trusltts rtmuntratio• and expenses No Irusiee5. nor aThy ptrsons cothnetltd wilh Ihtm, haye rtceived iny remutheraiion from the chariiy dvring ihe yeEr. No Irllsiees hove reteivtd ￿1mbU[s¢0 expcThs¢5 from Eh¢ chariry during ih¢ year. 12 St>ft costs The ag8iegiie PayToII ¢os15 w¢re 45 Folto%vs- 2021 2020 Staff co$15 during the vear wtre: Wages and salaries 100.794 332 2,401 2.620 91.495 732 1.996 1.407 PcnsioTr cosis Oihei siaff tosis 106,147 95.630 The momihly a¥trnge number of persons lincludinx seThK)T mathagemtni ieam? employed by ihe charity durin lh¢ y¢ar wi$ •5 follows.. 2021 2020 Support serYi£es Managemcni and adrniTrisiiaiion 10 512020- 61 of Iht above employtes panitipaltd in Iht DcfiTrrd coniribul1o￿ Pcnsion Schctnes. cwtrlb￿1I0￿5 10 lh¢ tmployct pension 5rh¢me5 for ihe ycar ioiallcd E2.40112020- EI.9961. No employee received tmolumenls ofmore ihan £60.000 during thc year. Tht ioial tmployte btnefils of the kev managcmeni pttsonrtl of Ihe thariiy wert £20,376 12020- £23,777). Page 20 ultiple Srl¢rosi$ Therapy Centre South West Lim ited Note5 lo the Financial Statemertts lor the Year Ended 31 March 2021 13 T#x#tion The chariiy 15 2 rcgi51trtd tharily and is [he￿rore exempi fTOffl ia¥aiioTr. P¥ge21 Multiple Sclerosis Therapy Centre Souih West Limited Notes to the Finanebal Statements for the Year Eoded 31 Mareh 2021 li Filtd assei i•ve5tme•is Oiher iA¥tsimenis Li5red Total Marker ¥•I￿t Al l April 2020 Additions Disposa15 NEt ?ainslilo55C51 on irbVC51menls 40i.276 12,052 175.507 87,612 40i.276 12.Oi2 175.5071 87.612 Al 31 March 2021 429.433 429.43J Thert were no inve51meni asseis OU15ide Ihe UK. 16 Stock 2021 2020 Siocks 1.973 17 Dtbiors 2021 21120 Trad¢ debiors Prepayrn¢nts Accrued income Tax recov¢rablc Oihti dtbioTS 2.536 7,444 200 10.574 2,013 5,381 217 6.0(rt) 150 20.754 18 Clsh A Trd tish tquivalents 2021 202• Cash on hanEI Cash at bank Oithei cash and eash equivalenis 60 70.162 20 24.)65 12.052 70.222 36.637 Page 23 Multiplt Selerosis Thtrapy Cenlre South We5¢ Lirn it¢d Notes to the Finaneial Statements for the Year Ended 31 Mareh 21121 19 Creditors= IMoMTrts fxlling dué wiihiN o*t yt*r 2071 20ZO Tfidr t￿dI¢0[$ Oiher iax31ion and social Sec￿r11Y Acrruals Dcfcrrcd incomc 47.819 2.867 4.012 3,140 2.355 3.974 4,884 i7,838 2021 2020 Deferred incomf ai l Apiil 2020 Resourees deferred In Iht ptriod Amounis released from previous Per￿dS 4.884 3.140 14,8841 3.329 4.884 13.3291 Deferred 7n£ome ai year tTrd 3.140 4.884 20 Pension and oiher sehtmt5 Defined toTrtributioTr peA510n Sthtme The charity OPtrait5 a defined coniribulion pensM)n sthemt. Tfve peThsM)th COSI charge for ihe year r¢preselllS O￿l[1b￿li0ll5 payabl¢ by Ihc rhariiy 10 the 5¢hem¢ aTrd amollnttd 10 £2.401 12020 £1.996)_ P•r•e 24 Multiple Sclerosis Therapy Centre South West Limited Note$ to the Financial Stgtements for the Year Ended 31 March 2021 The 5pecifir pllrposes for which the funds art 10 be appl*d are as follows= Desjonaied Funds ThEr¢ is a dE5ignai¢d I'ulld for £490_639 12020 £493.1371 for Iht oei book value of Iht Ofl*?Inal cosi of Iht property as Iht pioptrry canftoi be 501d *iihotyi Iht approval of a donor uTriil 2077. A5 the value cannoi bE realised and ws¢d, th¢ fuThd5 have been de5ignarcd 10 show Ihty art ￿navailable. Tht balancc of filed asst15 has a150 been desig￿al¢d as Ihcsc will also not be realised. Purpose of Restricted FuTrds The Exeier Chiefs Foundaiion fund repie5enis a £65.OOQ grallE rcc¢iv¢d io Oxyg¢￿ g¢n¢ration eq￿1PMen1. During the year ¢quipmeTri wag puirhased. thettfore we made a Irathsftr of Ihe ￿51r1¢1td balanct 10 Ihe unresiricied dtsiDnai¢d funds. Tht JRS grani fund rtprestn15 amouTr15 rtceived from Ihc Goyrrn￿¢￿l in r¢laiM)n lo fyrlollghctl Staff during the year. The gaiden pany coniains a grani £500 tts be used iovards a summer zarden party. Thv ECC Comrnuniry Grani rtlaie$ 10 a £500 818ril reetivtd for the purthast of garden f￿rni1￿￿e. 22 .4th*ly$i$ of net *sieis bettvtt* (Inds Total (￿ndS 4t 31 lllarch 2•21 UThrtSiriclrd fuwds Central De518nated Resiri¢ted runds Tangible fixed a55tlS Fi%ed 8s5ei invesimcnis Curreni 855eis 622.971 622.971 429.43J 92,949 li7.8381 429.433 91,949 157,8381 1.000 Toi&l nei a55e15 463.544 622.971 1.000 Total f¥#ds it JI Imirih Uoreslrirted fuad5 Dtsigth*ttd Restricted runds 2020 Tangibl¢ fixed ass¢ts Fixed assei in¥esimenis CurrEni assets 567.498 567.498 405,276 50,714 40i,276 50.214 500 Toial Dei a5%15 444.177 567.498 ioo 23 Relaied party trivsartlQI5 Donaiion5 ano M¢M￿rShip f¢r5 toialling £133 iytwt ttetivtd from irusites in Ihe ytar {2020.. £nill. Page 27