Comp•ny reii5tr11ion nurnbcr.. 02270804 ChArity rE815wati¢n nurnber.. 900083 Multiple Sclerosis Therapy Centre South West Limited IA COMpY limit¢d by gu4r4ntr¢l Annual Report a•d FsAan¢id Statemen for th¢ Y¢ii Ended 31 March 2023 ThompsoTr Jersner LLP Ch8rteTtd AccoutantS Excl D¢von EX2 4DG Iiwi Nlllll ACFJCTF8 03111r2023 COW•ANIES HOUSE
47
Multiple Selerosi5 Therapy Centrt South West Lim ited Coniertts Tfuilixs Riport 7 tn3 BJlaniL ShLei 910
Multiple Selero$is Tkerapy Celllre South West Limited Relerente #Dd Admillistrativt Det8115 Chiirmin ROGibso Trusitts R O Gib50n K A JambrsoTr S J ReardoTh J Dowden T Couff ncy M A Holmes 5eerttiry Chirity R¢gistriTi•• 900013 Company R¢gistrtioi N•bIr 022708 rhe ¢h#rity is io¢orpoAted in En¥l•nd & W4lcs.. Wesi Grnnr•e Cly51 HEaih Ex¢ier Devon Regi51tred Ofllte EX2 7EY Investm¢ni Advisor5 B¢n Dolph¢n Gmup Ashltigh Court Ashltigh Way L8ng•gt Busin¢55 Pwk Plymouth PL75JX Indtp¢MdeTrt Exiffji•¢r Thomp50(b Jtnnrr LLP ChJri¢red Accountants I Colleion CresceTJI Exciev Dtyon EXZ 4DG Bimker$ CAF Bank Lt6 2$ KIDg5 Hill Avenue W¢51 Millin& Kent ME19 4JQ Palt I
Multiple Scltrosis Thtrapy CeDtrt South West Lirn Éted Tru$t¢¢$' Report T- Irusiies. QTe dIrtLIur for Ilit rpose) ol. i(brnpthn! lilV4. pfc>L Trt lh¢ aThn¥al rewin li1Stithcr M iih IhL riiiaNiiil >tJlLIIILnis nf thL ihariiahli Lofflpan) ti)r i. i'car EO¢d i l March TrOI J. I.REFEREICE 4%D.4DIIINISTR.4TI%'E DET.41LS Thr Collip?n% I5 iii¥orpuraiL'd iii Enti14nd and Wales Dn )4 Junc 1958 and is limiird b). uotsfaiiiL¢ Cornpon!. niimbLr n2?7L)8U4. 11 ]$ I r¢pisiLrcd Charin- und¢r nbr 90008i. ThL ChJrii! a150 OPtroiLS uiidLr Ihe ofihe Striirh L51 MS C¢nirt. 1.2.4ddre55 Rc4i51ir¢d 01¢¢ and h¥Jdouaner5'. W¢>i Grnno¢. Cl>s1 HLaih_ EiEt¢r. EX? 7ETr. 1.3 Trty51¢ts atsd Exttuti¥t Committtt Roe!. Gibsijn IChJirl (Appoinkd ? April ?OlQ) Si¢pheTh {Appoilld 13 Marih 20701 Jaikiv Dviydcn IAppoittd )2 S¢piLink't )9221 Trtslan CouritThJy IApsx)ifit¢d I l May 10? JI MiK"r HolrtJe5- CornpJn)' S¢crL'taEV (Appoinicd )Q Au-u51 2U!01 Kc¥ rnJnaucrnLnt per1nncI inilud¢ ill I"EUSICE5 rhc ChKf EKCCUII OffKtr. .4 Proft5sional Advisor lTrdcpciidcnl E.¥am1C[s- Thompson JeTrn¢r LLP. I Colleton CrtSCtnL ELr. EX? 4DG 8ankeis-. CAF Bank Lid. ?i Kings Hill Ayee. Kinis Hill. Wt51 Mollirt K¢ni.ME194JQ I¥L5Ment Advisor5-. 8rLwin Dolphin Group. Ashleitsh Co. Ashltifth Way. Lan92C BusinE5s Park. Pli.molh. PL7 5JX Insuran4r 8roker5'. Lilllc ANT In5unn¥Y. The Old BaTrL". 306 Tofquay Road. P4isnion. DevDn TQ3 2ER 2. STRLCTLRE. GOVERI.4**CE .4ID 11.4I.4GETrIEIT Z.1 Goyef n8ict Tbt Chfyr¢LY'5 documcni is ils ffl¢muTrndum and arficlcs ofassociaiioTtr. rhe Ke pcopl¢ in organisaiTr are". . The Memb¢rs ThL Eirbuiivc Comm¢iiee ITrn51LeS in Li) rhe CLnll¢'S Siarr. includin¥ vulunittr5 Patt:
Multiple Sclerosis Tberapy Centre South West Limited Tru5tees' Report MLfflk'rship ol. Ihc CtllirL 1$ ttptn in individu215 irish i(> usc rlK- fJ¢iliiis ol. thL C¢nirc. (>r isli to rvrihcr IhL iibjtiis of Iht Cctyirt. Ettch mernbtrf5 liabilii!. 1$ limiiL41 1ndIn up Jo afflouni niii LKCCtdinv EI.UII. MLfftbLf5 in addiiion par an Jnal mirnbrrship fLC. ThL' triisi¥¢5 are Jll rncmbLf5. 4nd m'ill bc apyoinicd fiw a 3 )tai linn aDd thi!. ian scrvc a m4Nimum ol. i ierms. E-Jih o¢ar. a Ihird nf Ihc dir¢citsry ivill res12ri. ThL Ei¢¢uiivi Ci)mrniittr hs ioial vcspvn5ibility fuf implL'rnLnting lh¢ all5 objcLIIvc5 of lh¢ C¥Irl bi-miinihlv Ihmufrhoiii lh¢ ycar 10 moniior and 'vlLv the work. of Ihr Cenirt. Thc numbcr of mcmbifs •5 ar 31 MarLh 10)3 3iO 2.? TrsItt liductlDll nd Trinin¢ Tlic CEO Jnd ChDif arL rcspor•siblL fDr en5llrin4 thdl fwusiecs arr f3miliJ¥iscd with rhc rC5Ouin$ aTrd riiiJiii¢S oKihc ChJriry and i¥iTh their duiics 3$ Trusices bv distribuiM>n of ihe Chaiiili Ct)mmission's ppiopiiai2 triiidts as ith th¢ d15 and I¢sponsibilitics ofchafily Truswr5. 2J Risk Ass¢ssme•t TIIL. TrusrcL$ ndertak£ roDrifiuou5 a$5tgsm¢ni of Ihe mojur risk> io Ihc CL'ntre >5 2Yposcd using ruidtlinL5 dcv¢loptd Ihe Ch¥rit¥ Commission. Kcy areB5 alc tden¢ifitd and rLTrwulorlv revicii'cd. Th¢ nece55arv aLiion Ihoi nteds w b¢ tiktn 10 miiwdait risks 15 id¢niifieO. pul in hand and moniitsr¢d. Financial rc5crv¢s poIiLV has been tsrablished 10 tfvsurt rhe conlinved op¢taiion vf(ht CLnir¢ durinD i¢mporiry shortfall L)I' In¢orne and also TO deal iyiih Ihe nrL¢ssar)' and continuous Ivndints ofrrpJirs iu ihc buildin Ji Wesi Grangc. ¥hich is a Grade 11 Listed buildin• 0cd by Ctnir¢. 3. OBJECTIYES.4)D ACTII'ITIts 3.1 Objtclivt The tsbjeci For wbrch tbt CEnire was e512blishrd 85 ¥nd is iu atd ¥nd improve Ihc coTrditiDf ofihose dip_nosed wilh Muliiple Scltrosis. Iht area of operaiton bcin- Ihe 5ouih Wesl of En-land which in praciiiL ci1¢nd5 fTDm mid 5omctsti and Wc51 Dorscl dow lo East CDrnwall. 3.2 p11£ B£TreOI The I'ru$1¢e5 gr¢ Salisfitd ih8t the Charit)ts 5tJd objcciivc fa115 within Ihc catCDOfy 'advaTrccmenl of freilih. Thc Churily mte15 lthis objtclivt thrOlh thc provi5N)n of oiy? tn Ihtrnpy. prir¢cipallti 10 Ptoplc wilh Mulliplc SLILf05is bul a150 to Dther mcmben ofthc public whD sttk EO obuin bencfii frDm such Nearmeni. Tht Tr115rcc5 havc rtsmplitd with Iht Charilits Act 201 l Jnd IhcÈr duly 10 -havt r¢gard' En publiL tstiicfii ¥iiiddn¢r provided bv Iht Charily c0mISsiOn when t¥ertisitr poivers or duiK5 10 which the Èuidance 1$ tele¥ant. Tht Main aLl1Vi. of Ihc Charity ¥unlinv¢s to bc th¢ prnvisiDn of oxl'ven iherap> logeiher with ph>-5i0th¢iapv. Oihcr Thcrapies are also proyidcd ai Wesi Grnne enablt in ndcd rdnoe ofstrYice$ b¢ rne available ror Iht benefii of ffltmber5. Asidc from the provision of Ihetapy. Ihe rherapies proYHlrd art by indtpendtnl proYil¢rs and fjoi ¢Jircrdy by tht Chariiy. Thcse ¢h¢vdp&e5 in¢l¥de VDg& rtfl¢xuloy. rnd5S48¢. PilBtes. chifopody phy5ioiheripy. Pa4e i
Multiple Scl¢r05is Therapy CeRtre Souib West Limited
Trustee5' Report
3.4 Starr
TIIL rJ apptriiaiL rhL' cvmmiimcni i)r all ihi Ciniri %iJrr aNI faTria51i¢ I'oluni%i Ihc5C khJllLllItjii
3.5 Byildifjg l-st
Ani. miinis requirtd fvr ihi CillllL'S uiTrn DPi7iaiivn af¢ hirLd or ILas¥d iiui itrherL' Pllsjshlk. iii vrd¢r 10
Ourinn Eh¢ %Lar. The Cc•n%uliani!' OICUPILd Ihi lop noor of iht rnain buildin2 as Itnan15. Mcfinin•¢
Chin>ptaLlori IL&%ed IhL fLor and froill munis ofihe Co4ih Hou>¥ for iheir prJknlliL.
4. FIY.4%CIAL REI"'IEI
Th¢ Ciniic is ¢Jeprnd¢ni on a hiuh IL Y¢1 ul. fyndrJising. and 15 pariiiulorl!- ilarclul f(r all lun0rai51n8
oeiivsiiLS carri¢d oui 10 raisc fvnds aryd 10 tv¢D'oni organiSL$ such ictiviiie$.
Thi rcsuli for IhL i¥r. b¢for iftv¢MmeThi m0yemen. ?$ i difi¢iE Lif E99.701 IlU72.. d¢fKiT £37.i361.
Toial cofflbinLI irtiome foi rhL btir a5 (166.6YO hi¢h 15 a sliahi inifea5t frorn Iasi >kar's ivial combined
InCUmC Dt E166.313.
UnrtSlricl<d incomL' for the )"Laf was £166J90 whiih is fmrn lasi %¢ar5 unie51fiilLd incumi lif
£142.107.
Toial conibintd expe$¢5 incluaints resiriiied eKpLndli¢t bul ¥icluOin# invr51mrni mvvem¢n15 havE InCIL'ascd
k62_ii- from t!OJ.3i9 10 £)6&.ig1. ThL iiiirrosc in is lliik'ed 10 IhL in¢a54 in CeiiirL aclivilj..
ThcrL' ha5 been a loss on in¥c5lrnCfiI5 01£11.Q791202!- of£1 4.i881.
Th¥s¥ 4¢5lllts shoiy overall d¢fi¢it foi Ihe ycar Dr £117.730 1202)- dclicil of l??.9411. Unr
Multiple Sclerosis Therapy CeDire South West Limited TTllStee5' Report 5. FL TLR£ VL.4NS The Ch&rily has been fir frDm imrnufft¢ frorn IhE rff¢¢ts of th¢ rt5ing of li¥ifig ftlt b) 411 Mcmbtr5 an Olliers in socieiy. Sixnifirani Oownwafd Pfe5sur¢ on ¢hariièble tti¥in funlrai5ing an¢J donaiion5 has be¢ll sttn •nd tt the 5arnC Iimt $18nifiia#i icrca5f5 in uiilliy LOSiS Eiven ¢ist 10 8 widtning 'LTidinfr" dtfi¢ii. The cost of mainillining our prop¢ny li Ihe GrnD8e has a150 eornt undcf Closer scr11n1. with a lack of inYt$tmeDI i ytars pa51 Itavrng u5 with little ¢ption than 10 spend con5iderablr surn5 QR the upk-tep ihd f&bric oFthe building. A5 coinmunicaied lo rhe AGM alld Sbquen1lY in ntlV51¢ir& Ihe 804rd VIc of the sustainability af our pr¢stnce at the Gr•no¢ co{1e rh¥i to protEcr th¢ fuiurt of lh¢ Charily Ihi5 will k ksl 5trvtd from è new lo¢¥tion. Th¢ properly is now bciTr• g¢1ively miiktied salt and at Iht 5amt timt a StCh is btinR conducitd for a 5uirable new hDmt. The Board is focussta on ttssuring that thE Chriry is plactd on a solid financwl four+diiiDn. with Iht ability to gPErtie a ba14llcEd budget. with Eonrroll4bl£ c05t5 ind l¢Y¢ls wbsch ITC athi¢v•bk ITh Ihese di1¥1[ lim¢s. The £¢41 15 to PiC5eTVt th¢ thariiy for futur¢ g¢n¢rniions of u5tt5_ Smll t•rAPThle5 provision ¥tittffttNt Thi5 repon ha5 b¢¢D PTep•¢d in iccordAoc¢ with th¢ Sm1 cornp•nie5 rtgime undef th¢ Corrspanit5 A£1 2006. nTrual repor ..wa$ 4pproYed by the m15tees ofthe Ehrity D d sitsned on its bEhElf by-.. lar P*£e 5
Multiple S¢lerosi5 Therapy Ceotre South We51 Lim ited Ityd¢pendtnt Ex4miDer'5 Report to the trustees of Muliiple SclerD$i5 Therapy Ctntre Stsuih Wesi Limited I'tJLt Comp4ny') I rL'pi)ri Iv Ihl Lharii!- Ir1151LLS on m% ¥.¥alliiTrJ1ifft ofihi onIs uf IliL Cumpail)- fur Iht liar ¢nd¢¢J i l Marih ReSPQsibilitleS ind basis of rtporL As Iht ihtriiy 5 111151tLS 1?f ihL Comp4ni a150 It5 diriCTQts fnr Ihc purpD5CS vl. ionipani. l troif JrL rLSPlJTriiblL' lof th¢ prLporaiion ol tht ai¥ordanL¢ Hii& Ihe rL'4iljrtmettL% ofibL CompJiiiLs A¢1 2006 i-lhr 2W6 Ari'l. $atIriLd m>-sclf thai ItK' a¢couThts of ihc CDfftPJn1 3rE nol rquirK'd its bt adi1¢d undtr Pori Its of th¢ )OD6 A¥1 and ar¥ LliitblL for indip¢n¢jL'1 ¢iJrninJiion. I r¢ix>rt I r¢spc¥l of cxafflinJiivn nf j'u[ Lhariik aiubulits Js carri¢d wt uiidkf 5L¥litTrTr 145 of lh¢ Chariti¢s Act 2011 1'th¢ 2011 Ail'l. Iii ialy! inu ¢xaminaiioii I hllvt follokned Ihe Dir¢ciivns u jv¢n b). thc ChJriiTr CommrssM>n under s¢¢tN>n 1451iiibi of Iht lidepEndtat Q51mtntr'5 SlltmtTr¢ I hJv< ct>mplei¢d my £.¥aniinatiTrii l ionfinn lh¥ Tro maiicr5 havc iomL to rny atttlllion iii Con¢t110n knith lh¢ tKamination gi¥ing m¢ ittu5e bclieve-. aicuunrino recoid$ 4Tr¢rL' noi kepr irt tcsptCE of Mulliplt sIrrsis Therapi C¢nir¢ 5ouih '¥5t LimTrcd a5 rtobirtd b>- 5ciiion 386 of thL ?UO& Aci. oi Ihe tscu)unts ¢k) n•1 with th05e ¢(15. or 3. Ihe accouArs di) noi ttsmplv M'iih Ihc ¥¢LUUlltin Tcquir¢mtrtis uf i¢CEion 396 of Ilit 1006 A¢1 othcr ihan a•y requirtmeni Ibli ihr aLiOU1115 Trjve a-tDJr and fair ji¢itr' hICh 15 noi ¥ rnaiicr ixinsidercd as part or 4. Iht a¢¢vun15 havt noi bttn prepaied In R¢¢ordan¢c lyiih meihods and principlt5 of ihe Siaicmciii Dl. Rrrornineaded Pra¢ii¢t for ¥¢¢oun4ing and reporiin a¥¢trunts èn aLcordonc¢ With tht Financial Reporting 5wndard appliiablt in ltse UK atsd RtpubliL gr hiyt no ¢ofj¢¢ms aThd have eom¢ •¢w55 no f>thcr milltrs in Con£1•0 wilh ih¢ exaMinai¢on to whi£h Jirenix)n should be di4iwn in th rtporl in frrdLr 10 <oablt a prDper undttsiartding orth¢ a¢coun15 lo be aChÈd. Mr Dayid fvckir ACA FCCA rhomp50n J¢nD¢r LLP ChartCTL'd Accouninis Insiiluie vl'chartercd ALCO1#n in EnglaAd Wales I Coll¢ion CrL'S¢¥Tri EK¢itr D¢von EX2 4DG Date.. P41E 6
Multiple Selerosis Tberapy Ce#tre South West Limited StAttm¢nt of FiDgncial Activities for the Year Ended 31 Mireh 2023 {IncludiDg IDcome and Expenditure Atcount Dd Sttenl¢Dt of TotAI Recognised Galo5 aDd Losses) L•resiritted Rtslrieted Totll 2023 IAe•mt A Thd Endowffjtnts fr¢W: Doall0n5 and l¢84¢KS 17.178 88.227 40.528 10.457 300 27,478 18.227 40.521 10.457 In¥eSlrnenl incoffle Total iTrcome 166.390_ 300 166.690. Kxp¢Trdiiurt oll: aisirt¥ Funds 110.9351 1255,4561 12i5.4i6Y Toi¥l ¢xp¢ndiiur¢ GainsAo55¢5 on ia¥esitn¢nt 85$¢ 1266.3911 118.0791 Nei IE.XPtndiivrtWirJtom¢ TTansfets btiwttn fund$ 300 16301 630 Nei movemEni in funds keton¢iliatio tyff•nds Toial fuTrdi bro¥ghi forward 1.062.937 1.630 1,064.567 Total thd5 txrtitd forward 19 945.487 1.300 946.787 The n0*5 on p4¢s I I to 26 forni ath inLegrnl PArt of Ih¢s¢ fi¢1 M4tem¢nts. P•ge 7
Multiple Sclero$is Ther•py Centre Souih Wt$t Limiied StatemeDt of Financial Attivitits for the Year Eoded 31 M•rch 2023 Ilncludijkg lrteome and Expenditure Accourtt and Statement ol Tot1 Recrjgnised Gain5 and Losses) CompaYi¢ii t ityfDrM8tloll for Ibt prior period Rtstricttd rund5 To¥1 ole Incofflt 4nd Endowwefjis froN'. 3 j.?66 67.386 ?9.464 9.991 j9.48? 67.3&6 29.464 9.991 In¥¢sim¢rni iniomc ToiAI incomL' xpenditurt OA.. Charitable aitivirie5 1190.2881 J3.71. 1194.0041 Toidl e.Kpindiitsr¢ Gain5nDsses on Invf siment a55fL5 1700.1431 1?03.8ig1 Nei le.¥p¢ndiiureifincDmt Tran5f¢is beiwcen funds {43.4481 19_870 10.500 1?.9481 N¢1 mo¥iinini in fullds 127.Y48} ReeoTrciliatioTh of funds Toial fvnd5 brooohi fon¥ard 1.000 Tc+ial f4nd5 carried ful1d 1.062.937 1_630 1.064.567 All of Iht Chaiity S 4Cii¥i11¢5 d¢riYE from ¢oniinuiTrg opcrdllDOS during ih¢ abL)ve two riDd$.. 'I'he funds bttlkduwn for 20?2 15 showffl ITr noie 19. Thr no1¢5 on pase5 11 10 76 forrn aTh IntraI part ofih¢5c finaTh¢i415tsrcme*ts. Pazc I
Mxltiple Stlerosi5 Therapy Centr¢ South Wt5t LiJDited (Registration Dumber: 02270804} Balance Sbett a5 at 31 March 2023 2023 2022 F¥Yed •s$ets Tangible 15seL Invtsiments 625.&90 289.771 645,368 J99.397. 1.044,765 Cwrrejt 155¢ts Stock5 Debtors CAsh ai b?nk aftd in h4aO 14 972 20.281 21.690 16 39.424 42.943 Creditors: Amolnti flllittt d•t witbi ot yer 130.6891 Net turrnnf •ssets 31..a26 19.802 Net $$tts 946.717 1,064.567 Fund$ of Iht tltily: Rtstricttd intomt fvndi Rc5¢TiCtEd funds 19 1.3DO 1.630 Unresiricted incom¢ fty•ds Unre51rick6 fuftds 945,417 L.OG?..trj Totsl f4nds 19 946,787 1,064,567 For tht finin¢ial yrar tllding 31 M•r¢h 2023 Iht rharity wls tnliiled to extfflption hom audil undeE se¢iioTh 477 of the Companies Acr 2006 teliiini 10 smll ¢ompanKs. Dirttiors, responsibilitlES.' rhe rntmbtts havt not reqv5r¢d the ¢hariry to •biaiTr an wdil of its ae¢ount5 for yeor in question in a¢¢ord•n¢e with se¢iion 476." xnd rhe dir¢¢thts acknowledkE theit te5ponsibililS for complyi(* with the rEquirtmeArs of tht Att wilh re$p¢¢t i) aceouniin$ ierord5 ond rhe preparation of acConts. These financigl staiemenrs h•v¢ bttTr prepad •crordance with th¢ Sprci provisions rtl•ting w ¢omp•Die5 5ubi¢cl the sni•ll companies r¢girn¢ within Pirt 15 of lh¢ Comp401C5 Aci 2006. The 01¢5 on p4¢5 1 I w 26 forni An 5ntegr4f pth of these fLn•n£iil siitemtthtsx Page 9
Multiple Seler05is Tberapv Ctntre South West Lim ited (Regi5traiion num ber: 02270804) Balattet Sbeet 8$ at 31 March 2023 rinancial ¥loicmtnt5 on pll8es I ro ?6 iPPTtsYtd the IrusKe5. and auth0ri5ed for isswe on an¢J si. l¥il'on thtir khaifbF- tr.MSlLL 27kn1 The Thoies on pages I l 16 forn an int¢gril ofthe5c fin*nciil sthiemtTr P•ge 10
Multiple Sclerosis Therapy Centre South West Lirn ited Note$ to th¢ Financial St¥iements for the Year Ended 31 March 2023 2 .4tcountir•g policiis Sum mary of SInIfital arcounring policit5 ktv aCCOUDlin• t5tifflgtt5 p(s1i[ies appli¥d in Ihl prcpllracion of Ih¢st financial 5141EmL015 arc stl OUI ,1,- Thesc ptslibits hVe ¢iinsisinilv applird 10 all Ihi prtvnitd. unl¢ss oihcn¥iSk 5141cd. Stittrneni of fompliaae Th¢ IinanLial staicmcnts hay¢ &'in prrpaied in aLeordJnce iyiih Accouniing and Ripiiitins bv charl15.. Finantial Reportin¥ Sianoard applicable in the UK and R¢pybli¢ of Ircland IFRS 10?1 {LffLLtive l JanuJrJ' SEand•rd applicahle ITh lh¢ UK and R¢publit or Ireland IFRS 10?1. fhc). also comply ihL Compinics A¢1 ?006 and Chariiic5 ALI ?L)I I. Bisis of prtP#T•IiO Muliipl¢ Siler0515 Thciapy C¢nty¢ S¢Mih W¢5t Lirnii¢6 mcers lh¢ dcfioiiion ora publii bcntfit cniiiy under FRS 10) A5%15 litsbilitK5 ale ioiliall). rr¢ounised 1 hISriLal wsi oi Ifwsa¥lM)n ¥•lu¢ unle55 oih¥rwise $1Olr¢J in the rclei'Jfti ?ccouatinv sx)li¢y •oies. Gorng concer Thc Irtssiec5 ¢onsidEr Ihai th¢re ar¢ no maiETi41 tyn¢trilliTriie5 aboui the charity¥ ab¢lii%' to cuniinut a5 8 golng ton¢rrn Thor afty siDTrtfi¢anr areas of uA¢enainty thai affttt Iht crryith valtht Df 455Ct5 htlo by Ihe Lharity. ntomt ind tThdowNeots All income IS Lotlse IFnce lh¢ chafilv has ¢niiilemeni 10 the Incvme. it is probbl¢ Thai the in¢Dm¢ will bt recEived and ih¢ amounl ofihe in¢ornc rccrivablc ban be mc25ur¢d lIablY. Don&tions leLYacies 0gnwiDn5 aT¢ ttcosnis¢d wh¢n Iht charity h15 bttn Dotifi¢d in wriiÈni of both the arnouni and s¢tlltmtni dale. In ihe eveTri Ihal a dofiaiion 15 5ubrnt w cofidilions Ihat requ¢re a Itvrl of p¢rfo¢mancc by Ihe charily befDFE IhE ¢harii¥ ts tntiilel 10 thc lunds. the incorne is detcrr¢d aad Aol rtctsgniscd uni(1 eilheT Ihtsst condilions ar£ lllll). fl. or thc rlfilmen[ of ihose condiiwJn$ wholly wiihin thE Co[rO1 DfthE charity. Ind it is probabl¢ thar Ih¢sr ctsndiiion5 will be liiifillcd in the xeponiTr• ptriod. Grqo15 rcceivsbl¢ Gi4nis recosnistd whtn Ibe tharity has an eniiil¢mtnt W Iht fndS and ny eondiiion$ linked ¢0 lh¢ giant5 htsve been m¢1. Whcre pcrforman¢c toadiiion5 aT¢ aiiach¢d EQ the Qrani and art yti 10 be m¢i. the iTrcom¢ 15 rccovniseJ as a li#bilii% and included on ifrt balanec 5hcei 15 deferrtd incom¢ 10 be ff¢leased. P¥ge I
liiple Selerosis Th¢r&py Ctnire South Wtst Limited
Ntstts to the Financial Statements for the Year Ended JI Marelt ?073
DLILfTid iD¢thrne ILpfiSCTrIs JmuuTrEi ji'¢d fuF luiurL' pefiDds and is rLIe35L iTrL4)l Ill• fiSll4ifiiS the
riTrd iyl1ih. il has b£Ln rtLeli'id.-5uLh inriimc is dclerrld iikn¢n.-
The doniir hu5 imposed ¥iTrnditlV) ilhiih rn>1 bi m¢1 bllorc ihe ihJrii! h45 y¥dIliDnJl cli¢1(1Lnt_
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Ini01¥ frkovirablc io iv d¢)naritsns r¢rii¥cd L.1 oifi aiJ iir d5 Df 4ov¢nanr is rL'Cauvis
Multiple Sclerosis Tb¢r¥py Centr¢ South West Lirniled Note5 lo the Financial Statements for tJLe Year Endtd 31 Msrch 2023 G•i-¢rvTrJeAI graais G(IVilnlllLni tsrartis arL' fecotsThi>ed ba5cd uli thL occrutsl modcl ad ifL 01 lail Of di¢ a55LI Jr4 rcL(iollised in inLDm¢ ill'ir (ht pcrivd in hIL Ihi relaitd tosis aiL ftrLDni5cII_ Gran15 r¢laiin• lo Q5iilS riingniscd Iivir Ihc CiPCiicd usclul lifc lif rkne assLt_ Wh¢rL' part i>f d gréThi r¢lalinE 10 an )SSLi is d¥lcrrcd. it 15 rLXIlEnis¥d a5 dtfLrrid ThL CoriinJYiru5 J(Ib SLhLm¢ iranr has bceo ¢f¢diird 10 iTrlher iTr¢offlt SO 35 1(b maiih IhL grwil 10 thr Thc ¢liarii¥' is cuiisidcrcd 10 p&ss th¢ ItEL% Stl out in P4ratsr4ph I Sihcdule 6 uf Ihr FialleL. A¢1 Ir)10 Jnd thei¢for¢ il mtets IhE dcfiniliDll of a choriiablc cornpani. flir UK cotpofaiion ia.1 pu$5. ALcordinglY. tlic Lhorii). is {Crn11a1Iv eytmpi from tLialivn in rr5pccI thr tTrCO¢nL ur capiial trains rtCLivcd 1th1n cJiegoric5 cove b). Ch)plcr J Pari I l of thr Ci)rpiiiJiiun Tix Aci 2010 or Section ?)6 lif fhe TaiJiiuTr of Char4Lible Gain5 Ali 199fj 111 Ihc E.%icni Ihlli 5Uuh incomc or aains arr appli¢1 ex¥luslYtlY lu charibibl4 purpu5C5_ T4Dgible fired a55ers Individual fi.icd asscrs cTr51iTrg EIOO or rnore ate lniiiall cOrd¢d ai ¥OSI. Ic55 Jntr sb$¢queI acLufflknlat¢d ¢JtWLiialiiia and substqucThi ttc¢urnultsrLd impairrn¢nr losses. Depr¢eig1ion lod amoriisiioA tprtLiaiM)n is providtd on ian2iblr fiTed a55E15 w as lo write off the Losi or Y#lualioA. 1¢55 e5tirnaiE J¢sidual wilue. Dvcr thcir eipecRd ustful Ecvnomi¥ lif< #s fvlioi¥5.' A55ti e1155 Freehold pwpcrly Freehold land Plant and rna¢h1¢ry chabr nd ¢quipm<tsi OfFi6e ¢quipmeni Compuitr rquiprncni Motor YchiEles Dtpretitiofft method •Dd rait Nui d¢pr¢iiaied 2iY iedycing balance IOY4 rcduttng balan¢¢ 15% reducini balincc 15% redkncin• balant -)% d¥in• balance Fixed A55¢t ioYetmenls Fi¥¢d a55tl invc51menis. oiht¥ than ptytrrnmme reli¢d lnves&ntn arc includcd at markei v8lD¢ ai ihc balRncc shccl dJie. Reali5Ed oains and 1055e5 invesimenis are ialiulale41 ¥5 die diffcrenit bElIL't sales prD¢ecds and rheir m4rK¢i ¥alur ar tbE siafi of lh¢ ycu. or Iheir sub5¢qU¢Tr¥ C051. Ind ar¢ ¢h•rgcO or cr¢diitd bj Ihc Siaiemeni Unr¢*lis¢d 8ains and lo.Ik% rtprtstii Iht muvcrnenl in MI¢1 Val¢5 during Ihc vtaw and art er¢diied or haroed 10 Ihc Siatemcni of FiTran¢ial Aeiiviii¢s b15¢d on the tharK¢i valuc ai the y¢or ¢•d. Sio¢k SFo¥k 15 valued ai Iht lower Dr cosi and esiin)atEd 5rlliAg yriLC 1¢5S fOSt5 lo complctr and 5cII. aftEr du¢ 08rd roi ob501ei¢ and slow moving 5tDik-s. Cpsi 15 d¢icrmin¢d u$ini th¢ fir51-in. firs1Ul IFIFOI. Pa2r 13
f ulttple Scltrosis Therapy Centre South West Lim ited Note5 to the FinaDci41 StstemeDts fDr the Year Ended 31 Marth 2073 TrathE debtor5 I'ra(Je d¥bivf5 art amounrs from ¢V4iDmi15 Ivi mettthandi5¢ OT SLYvi¢¢s iTform¢d in lh¢ orJinJr! aLrding io lh¢ i)fi•lOI i¥rffl$ of IhL r¥c¢i¥obk's_ CI5h tlih tqtsi¥altA15 Cash cash cquivalents cDmpriiC Cash lin haTrd and call diPOSlli_ and other shori-ltrrn highl% liquid InVC$ments Iliai rLRdily ¥nnverliblL th a Jmouni of cash arc 5ubjc(i 10 an insignifi¢Jnr risk Thr hang¢ in Y4lLK. Tradt crediturs Tradc r¢dilr$ arc oblitsalion$ 10 p4> fot gond5 or SLrvi¢£s ihai havL' acquiwd in thc ordinoT) rour5l or bL15inL'S5 from 5upplieis. AciOUlllS pJyJblt Jrt clas51f is Lurrcl li3biliii¢5 if fhr chariiy dDL5 nol hive ali unLondiiiono1 ri&hi. Ji end uf Ihe 'pon1nD pLrM)d. io rfLfcr SLEi1<ient vf thc tJcdiiDr for at I$( Iiwtlve nitrnih5 Iht rCp0rtin d)i¢. Ir there is uncondiiionjl ri.ht t() dcfti 5¥tt1¢ffl¢ni Ftyr ai Itasl Iwtlve monrh5 dficr th¢ prtIn0 dai¢. Ih¢¥ 4r¢ pre5cnioO as liabiliiK5. Trad¢ ¢r¥dilDrs r¢cn•Di5cd iniiiall! #i Ihc Iran5(10 pri¢¢ JTrd 5ubs¢4u¢nily me4SUtrd ai amorti$ed tl151 Ihc effcililir inlcresi method. Unrisiiibted income funds are traI fund5 4r¢ ayxilable lor v5e ai thr irusteL% dis¢r¢iion in furtheran or Ihr objeciivc¥ ol'ih¢ ¥hariry'. Dcsilln4ird funds unff 51fiei¢6 funds Sei asrdt for sp¢cifi¥ pufw)5C5 Ji Ihc Ois¢rciion oflhe iru51ecs. R¢51fiLILJ in¢om¢ l¥Ads u¢ iho% ror sC in a particu14r arca (Ir for 5pccific purposes. thc ¥sc 0fh1 i5 1£51fitled lo Ihoi aTCP or purpose_ PeTriion5 Ad othtr pos1 retirernEnt Dbliaa110•5 ThL Lhviiy operaies a d¢finud ¢oniribuii(Jn ptiision sehtrnc whiih is a p¢n5n plan uTrder i¥bich fiiLd Conrrlbul)I5 arL piid irt a PCtsSiD* Fund and Ihc chaTiiY has nD Icttal or consirucliyt ublteJtion 10 pay furFh¢r LonrribulK)a5 tyen il the fund doe5 hold surfiEicni Js5cis io pav all L'mpluvcrs Ihe benrfiis Tclaiino 10 employ¢¢ s¢r¥iit in the Curre ¢ aTrd prk)r PLriod5. du¢. If ¥oniribulion pavm¢nis ¢¥¢ee¢J ihc Conirtbuiion duc for s¢rvik¢_ th¢ ¢i¢¢55 i5 fELooni5ed a5 a pr¢pavinenl. Fioanci81 instrumtnis aKdmeosirr¢mrnl The Lhariij onl> hJ5 fiaaniial ass¢ and liabiliti¢s of a kind thai qualif¥ a$ basic finartial insirumeni$. BASIL riTrancial insirum¢n15 Drt iryiii411) rt£ognis¢d * Iran5aL1ion Yalue subseqtscnily mcJsllred ai Ihtir 5Lnlern¢ni Pagt 14
Multiple S¢l¢ro$i5 Ther•py Ce¥tre South We$1 Limited Notes to tbe FiD8Deil Sttemtnt$ for the YtAr Endtd 31 Mareh 2023 3 ImtomE froth don•liDNs Dd legatits Vqre5tricttd Rt51rirted Tor•1 2023 Tot1 2022 Gentril DoniitQD5 and kgaci¢s'. DonaEion5 Froni cofflplnits. Iru515 nd sirnilar procetds DonBlions from individ&1$ Membership rets Grants, ificludin• upiial EraiblS-, Govcrnm¢•i •ranis Granls from oiher Charit5 6J94 14.447 6J37 6.J94 14.747 6.337 4.000 33.481 4.600 300 3.901 13-.ioo 27.178 27,478 59.482. Of tht ¥oial inwmE from donaiiols I1¢5 in 2022. £35.266 wis unT¢5tri¢Rd_ and £Z4.216 wa5 fcsiTlClCd. l•coty¢ from thiritble Attivi¢its Trre5tritttd funds Ce•trl Ttytxl 202J Total 20ZI C£ntTt 5altS Treatnkent 3.887 84J40 3,B87 84.340 2.946 64.440 88227 18 J21 67.3B6 Of IhE iotal incomt fvom chirii*ble a¢iivitiu in 222. the tniirt •¢nDunl w•5 unrcsrrtCd. Pwlj
Multiple Sclerosis Tberapy Centre Souttt West Lim ited Notes to Ihe Financial Statements for the Year EDd¢d 31 Marth 2023 i Intome other tradiTru ¥ttivitit5 I nrestri¢ted Tot•1 20!2 Ge•eril funds TFadinfi income.. Shop iDcvrn¢ ITUM 1¢ oldonattsd pnods in 5Lr¥itts 5aliS ofo£xTrds and s¢ryi¢es 1.898 9i5 15.874 3) l i.874 11.642 Solar pantl Proptii) renial income Sundrv inL¢rne 20.?60 407 14.933 SM 407 40.5)8 29.464 Of Ihe ioial incumc from Dther tradi$ JCiiYiEK5 in •O!2. Ik C11¢ 1$ unre5tri¢i¢d. 6 Inv¢si•eNt locom¢ L nftstrie¢ed funds Geller*l Tor41 Z023 Toigl ZOZ2 Inl¢rc51 rcc¢iYoblc on bdllk d¢po5its Oihcv incorne from fLxed asscr invtstmtnts 10.307 10 JO7 9.986 10.4)7 10.457 9.991 orihe ioiJl ineom¢ fmm inytsimtllis in 2017 Ihe entire arnoitTri Vsa5 ullTE5rricECd. Pao¢ 16
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Multipk Seltrosis Therapy Cetre South West Lirnited Note5 to the Financial Statements for the Year Ended 31 March 2023 B Net iDtomi•glo¥tyoiDi r¢souree5 2023 ?022 Plei oitgoiug resowr¢e5 for tht yiir in¢l¥de: Indtpendcni exarninaiion f¢¢ Deprtciion oFfi.x¢d asse 2.880 18.464 2.880 20.8)) 9 Trustees rernxBertioo tiptO5ts No iru51¢¢5. 0¥ any P¢nDnS conoected wi¢h Ih¢m. have ttceivtd •ny remuneration fmm the cblrily durin8 the yc•r. No Iru$ic¢5 h•ve received wy 1mbr5ed txptTrses from iht ch¥rry durinl the ytir. 10 Siaff costs Tht a88F¢8¥¢ piymS1 ¢054 We as follows: 2•2J 2022 St8tr£osts duri02 iht yÈ&r wtrt-" Wa8ts and $ilaries So¢ial 5t¢uriry COSIS Pension w515 Oihcr 51aff costs 108.491 1,520 2,683 4,140 99.549 Z.271 lQ5.052_ The rnonihll •¥¢ra8t Dumber of perws lintlvdiTrg sen1 m•eMEn1 tEml emplDyEd by the charity during th¢ ycar was is follow5.. ioij Z022 Support 5crv1¢¢5 MaTruEement administrtho 5 IZQ22- 61 of the abo¥t tmploytts p1rticid in the Defined coTrrribtIoO Pension Scheffles. Conrrtbuiions io th¢ ¢mployee pttsswn $¢h¢mes for Iht y¢tr to&lled I2.683 12021- £2 J711. No cmployee rteeivcd emo1urntts of mo¢ thin £6Q.000 during the yeat. The toiil ¢mployee ben¢fits of tht kty ma%¢tl personnel of tbr ChlY were £37.973 12022- £32.8351. 11 Txilort The thariry is a re8isie6 ch8tity and is Ih¢tefvte ¢x¢mpt WXilioTr. PaEe 19
the tharity ID thr scheme and amouni¢d E?.683 1?027. E2.1711. Multiple S¢ler05is Therapy Centre Sonth West Limited Notes to tb¢ Fin#DciMI St•te(Dents for the Year Ended 31 March 2023 The $pEcific purpos¢s for which the funds irt io k *ppli¢d *rt as lollows= De5ignaied Funds There is a de4ign£ted fund for fiOi.044 11021 . £301.7i71 for Iht nei book valu¢ Dr the prtrptriy. Initially th¢ prop¢ny eould not be sold withoul Iht approY*l of Iht donor uniil 2D77 hence this iffloulli was desi8naied. Thi5 reSlriciiDn his Thow bccn rtmvved. howcvrr il ha5 b¢cn deemed appropiiite 10 Still includr rh2 valu¢ of the property as a $eparote designaitd fund_ Purpo% ofRes¢riued FUd5 Th¢ S¢rt¥Jfix. Clart Milnc Trusi ArnDld Clark CornfftuitY rcpr¢5eni amounts et}y¢ w ¢ompl¢ie nevj deckin¢ pYoje¢i at property. During the previoD5 )tar the fuDds werr Snt and thE projeci £omplr*d 4Thd Ihtrtfore a (ransfer was rnade io the ¥nr¢stri<*d d¢5igth&te4 fvnd5. The restrictEd dtsnJii0Th5 receivtd fJom individu41s repre5eni rectivtd to pur¢ha5t a Nu-siep T5XR Rtturnbent Cro$s Trainer. The Se¢ PUTchased in the preYiou5 ytar and Ihettfort a transfer was mlde 10 nre5tri¢itd dtsigTraitd funds. Additional •¢c¢ssorics for the m*¢hioc wcre pur¢hased irj iht curreni Ye and a fvrtheT trin5ftr rn¥Oe io nt¢S[riC*0 ¢Jesi8Tr•ied fufids lor the temainin&r balanct. Th¢ •Jrd¢n party fuid contains 4 grnni £500 io bt used toward$ 1 5ufflmtr zordtn party. Th¢ Ect Community Gmii rel*t5 W a £iOO grani rc¢¢i•td For 11Ec purch*se of &ardeD furniwre. The ECC Htrt¢a8e Optth D•y Grtsi related ll £JOO grkni rtttivtd for ihe Herira8t Open Day plttnned For S¢ptttnber. P¥¢ 25 Multiple Stlerosis Thtrapy CeDirt South West Limited Notes to th¢ Financial Statement5 for the Ytar Eryded 31 orth 2023 211 .4n81isis of tstt *55et$ bettvÈti f¥gds TorAI fufyd5 11 L •rt5trieitd fu#ds Cefyeril Dt5ig4attd Rtsiri¢ttd [ndS 1023 Tanoib1i Iiicl as5¢ts 62i.8YQ 615.¥90 ?8y.771 ?89.771 60.)15 liO.61YI 1.30 130.6¥91. Tulal n£1 a55eLS 319_597 615.890 1.300 946_7.87. Tor¥1 fwnd5 al 31 Mirch 2022 Llresiritttd fu*ds REsiritttd Taiigibl¢ f+i¥d assets Fixtd as5VE inv¢simeThtS Cii¢rcni Dssets 645_361 64i.368 399.397 4).943 3WJ97 Toial kiei J55elS 417.i69 645.361 1.630 l.D64.567. Pa•t 76