Comp•ny reii5tr11ion nurnbcr.. 02270804
ChArity rE815wati¢n nurnber.. 900083
Multiple Sclerosis Therapy Centre South West Limited
IA COMp￿Y limit¢d by gu4r4ntr¢l
Annual Report a•d FsAan¢id Statemen
for th¢ Y¢ii Ended 31 March 2023
ThompsoTr Jersner LLP
Ch8rteTtd Accou￿tantS
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
9￿10

Multiple Selero$is Tkerapy Celllre South West Limited
Relerente #Dd Admillistrativt Det8115
Chiirmin
ROGibso
Trusitts
R O Gib50n
K A JambrsoTr
S J ReardoTh
J Dowden
T Couff ncy
M A Holmes
5eerttiry
Chirity R¢gistriTi••
900013
Company R¢gistr*tioi N￿•bIr
022708
rhe ¢h#rity is io¢orpoAted in En¥l•nd & W4lcs..
Wesi Grnnr•e
Cly51 HEaih
Ex¢ier
Devon
Regi51tred Ofllte
EX2 7EY
Investm¢ni Advisor5
B￿*¢n Dolph¢n Gmup
Ashltigh Court
Ashltigh Way
L8ng•gt Busin¢55 Pwk
Plymouth
PL75JX
Indtp¢MdeTrt Exiffji•¢r
Thomp50(b Jtnnrr LLP
ChJri¢red Accountants
I Colleion CresceTJI
Exciev
Dtyon
EXZ 4DG
Bimker$
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 E￿O¢d i l March TrOI J.
I.REFEREICE 4%D.4DIIINISTR.4TI%'E DET.41LS
Thr Collip?n% I￿￿5 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 n￿￿b￿r 90008i. ThL ChJrii! a150 OPtroiLS uiidLr
Ihe ofihe Striirh *L51 MS C¢nirt.
1.2.4ddre55
Rc4i51ir¢d 0￿1¢¢ 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 {Appoill￿d 13 Marih 20701
Jaikiv Dviydcn IAppoitt*d )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 per1nn￿cI inilud¢ ill I"EUSICE5 rhc ChKf EKCCUII￿ OffKtr.
.4 Proft5sional Advisor
lTrdcpciidcnl E.¥am1￿C[s- Thompson JeTrn¢r LLP. I Colleton CrtSCtnL E￿L￿r. EX? 4DG
8ankeis-. CAF Bank Lid. ?i Kings Hill Aye￿￿e. Kinis Hill. Wt51 Mollirt
K¢ni.ME194JQ
I￿¥L5￿Ment Advisor5-. 8rLwin Dolphin Group. Ashleitsh Co￿￿. Ashltifth Way. Lan￿92C BusinE5s Park.
Pli.mo￿lh. 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 organisai￿Tr 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 J￿n￿al 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 h*s ioial vcspvn5ibility fuf implL'rnLnting lh¢ all￿5 objcLIIvc5 of lh¢ C¥￿Irl
bi-miinihlv Ihmufrhoiii lh¢ ycar 10 moniior and ￿'vlL￿v the work. of Ihr Cenirt.
Thc numbcr of mcmbifs •5 ar 31 MarLh 10)3 3iO
2.? Tr￿sItt liductlDll *nd Tr*inin¢
Tlic CEO Jnd ChDif arL rcspor•siblL fDr en5llrin4 thdl fwusiecs arr f3miliJ¥iscd with rhc rC5Ou￿in$ 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¢ d￿1￿5 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• 0￿￿cd 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 p￿￿11£ B£TreOI
The I'ru$1¢e5 gr¢ Salisfitd ih8t the Charit)ts 5tJ*d objcciivc fa115 within Ihc catCDOfy 'advaTrccmenl of freilih.
Thc Churily mte15 lthis objtclivt thrO￿lh thc provi5N)n of oiy?
tn Ihtrnpy. prir¢cipallti 10 Ptoplc wilh Mulliplc
SLILf05is bul a150 to Dther mcmben ofthc public whD sttk EO obuin bencfii frDm such Nearmeni.
Tht Tr115rcc5 havc rtsmplitd with Iht Charilits Act 201 l Jnd IhcÈr duly 10 -havt r¢gard' En publiL tstiicfii
¥iiiddn¢r provided bv Iht Charily c0￿mISsiOn when t¥ertisi￿tr poivers or duiK5 10 which the Èuidance 1$
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 Grnn*e ￿ enablt in ndcd rdnoe ofstrYice$ ￿ b¢ rn￿e 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¢xulo*y. 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<sirictEd fllnds
hav¢ d¢¢rcasLd by £117.4>V 10 I94i.437. whilsi resir1¢￿￿ fvnd5 havc deirca5cd by É330 10 (1.300.
Thc ioial fr¢e unrcsiriLIL'd r¢sLrves of Iht Charl￿ ha5 bj. £97.97! fTOm £4I7.i69 10 £319.597 u5
di5ilused in NDlt 19 Past ?3 tsfiht aiLouTrI5.
R15erv¢s Polit¥
rh¢ Chiritj'5 frcc rL'5errfcs ar¢ f319.597. Th¢sc arc the nct asKis of unrrstrirtcd funds and yndr5iana*d fDnds
¢.%¢ludin• ian4ible fixed aSS¢ii. Thc iarf*CI l¢v¢l vf fr¢e T¢5er¥e5 15 9 months- cxp<ndilure. IvhiLh is £?OQ.iIOD.
Fcrt ￿ scr¥¢s a￿ in e%ccss uf lh¢ res¢rYLS wil¢Li by £1 IY.5Y7.
£189_771 of lh¢ ¢hariiy-s frre Th'flL% hay¢ bttn placcd in an invcsimtni ponfvlio mon¥ged by Bii'win
Dnlphin.

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 $18nifiia#i i*crca5f5 in uiilliy LOSiS Eiven ¢ist 10 8 widtning 'LTidinfr" dtfi¢ii. The cost
of mainillining our prop¢ny li Ihe GrnD8e has a150 eornt undcf Closer scr￿11n1. with a lack of inYt$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 S￿b￿quen1lY in ntlV51¢i*r& Ihe 804rd ￿VIc￿ of the sustainability af our
pr¢stnce at the Gr•no¢ co￿{1￿￿e￿ 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 St￿Ch is btinR conducitd
for a 5uirable new hDmt.
The Board is focussta on ttssuring that thE Ch*riry 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 di￿1￿¥1[
lim¢s. The £¢41 15 to PiC5eTVt th¢ thariiy for futur¢ g¢n¢rniions of u5tt5_
Sm*ll t•rAP*Thle5 provision ¥tittffttNt
Thi5 repon ha5 b¢¢D PTep•¢d in iccordAoc¢ with th¢ Sm￿1 cornp•nie5 rtgime undef th¢ Corrspanit5 A£1 2006.
nTrual repor
..wa$ 4pproYed by the m15tees ofthe Eh*rity 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% ¥.¥alliiTrJ1i￿fft ofihi ￿￿o￿nIs uf IliL Cumpail)- fur Iht liar ¢nd¢¢J i l Marih
ReSPQ￿sibilitleS 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.
$atI￿riLd m>-sclf thai ItK' a¢couThts of ihc CDfftPJn1 3rE nol rquirK'd its bt a￿di1¢d undtr Pori Its of th¢
)OD6 A¥1 and ar¥ LliitblL for indip¢n¢jL'￿1 ¢iJrninJiion. I r¢ix>rt I￿ r¢spc¥l of cxafflinJiivn nf j'u￿[ Lhariik
aiubulits Js carri¢d wt uiidkf 5L¥litTrTr 145 of lh¢ Chariti¢s Act 2011 1'th¢ 2011 Ail'l. Iii ialy! inu
¢xaminaiioii I hllvt follokned Ihe Dir¢ciivns u jv¢n b). thc ChJriiTr CommrssM>n under s¢¢tN>n 1451iiibi of Iht
lidepEndtat Q51mtntr'5 Sl*ltmtTr¢
I hJv< ct>mplei¢d my £.¥aniinatiTrii l ionfinn lh¥ Tro maiicr5 havc iomL to rny atttlllion iii Co￿n¢t110n knith lh¢
tKamination gi¥ing m¢ ittu5e bclieve-.
aicuunrino recoid$ 4Tr¢rL' noi kepr irt tcsptCE of Mulliplt s￿Irr￿sis 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 Accouni*nis
Insiiluie vl'chartercd ALCO￿￿1#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 St*tenl¢Dt of TotAI Recognised Galo5
aDd Losses)
L•resiritted
Rtslrieted
Totll
2023
IAe•mt A Thd Endowffjtnts fr¢*W:
Do￿all0n5 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 Tot*1 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 ful￿1￿d
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 In￿traI 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* o*t ye*r
130.6891
Net turrnnf •ssets
31..a26
19.802
Net *$$tts
946.717
1,064.567
Fund$ of Iht tl*tily:
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 sm*ll ¢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 te5ponsibilil*S for complyi(* with the rEquirtmeArs of tht Att wilh re$p¢¢t
i) aceouniin$ ierord5 ond rhe preparation of acCo￿nts.
These financigl staiemenrs h•v¢ bttTr prepa￿d •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 SI￿nIfita￿l arcounring policit5 ktv aCCOUDlin• t5tifflgtt5
p(s1i[ies appli¥d in Ihl prcpllracion of Ih¢st financial 5141EmL015 arc stl OUI ￿,1￿￿,-
Thesc ptslibits h￿Ve ¢iinsisi*nilv 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 charl1￿5..
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 hIS￿riLal wsi oi Ifwsa¥lM)n ¥•lu¢ unle55 oih¥rwise $1Olr¢J in
the rclei'Jfti ?ccouatinv sx)li¢y •oies.
Gorng concer
Thc Irtssiec5 ¢onsidEr Ihai th¢re ar¢ no maiETi41 tyn¢trilliTriie5 aboui the charity¥ ab¢lii%' to cuniinut a5 8 golng
ton¢rrn Thor afty siDTrtfi¢anr areas of uA¢enainty thai affttt Iht c*rryith* valtht Df 455Ct5 htlo by Ihe Lharity.
ntomt ind tThdowNeots
All income IS ￿Lot￿lse￿ IFnce lh¢ chafilv has ¢niiilemeni 10 the Incvme. it is prob*bl¢ Thai the in¢Dm¢ will bt
recEived and ih¢ amounl ofihe in¢ornc rccrivablc ban be mc25ur¢d ￿lIablY.
Don&tions leLYacies
0gnwiDn5 aT¢ ttcosnis¢d wh¢n Iht charity h15 bttn Dotifi¢d in wriiÈni of both the arnouni and s¢tlltmtni dale.
In ihe eveTri Ihal a dofiaiion 15 5ubrnt w cofidilions Ihat requ¢re a Itvrl of p¢rfo¢mancc by Ihe charily befDFE IhE
¢harii¥ ts tntiilel 10 thc lunds. the incorne is detcrr¢d aad Aol rtctsgniscd uni(1 eilheT Ihtsst condilions ar£ lllll).
fl. or thc r￿lfilmen[ of ihose condiiwJn$ ￿ 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 f￿ndS 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 iyl1i￿h. 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 c￿li¢1(1￿Lnt_
GiJi nid
Ini01￿¥ frkovirablc io iv d¢)naritsns r¢rii¥cd ￿￿L￿.1 oifi aiJ iir ￿￿￿d5 Df 4ov¢nanr is rL'Cauvis<d ai IliL
IlniL ofihL donaiiDn.
DiYj&.nds ari FEiuEniwd onli ihL' dividLnd ha5 dcrlarcd afid ntriyfiLaiion lia5 brcrt rtccivcd ul't￿. dii'id¢nd
due.
EAPtnditknre
All L'ipendilurt is rcLL>g1115cd oni¢ lhe￿ is a Ic?al or b0ft51fuill¥t obliaaiion 10 Ihai eipEndIt￿rL. il is pmbablL
5¢1tI4rncTri 15 ILquifLd Jnd the amouni c¥n bc miasurcd ￿liabl5 All ¢0515 or¢ allo¥aied 10 Ihi oppIiLablL'
CIPLndiiure hL&din. Ihal aptire•a￿ 51nilai tDSIS ILb thai caiegor%. Wh¢¢L CDS15 ¢1nnoi b¢ direiTlj aiiiibuied io
pthniLular hea6ings rl*%- hayt bien alloiarLd on a bJsis iDnSisiefii iyiih Ibt usc of rc5C>ufLLS. ￿ iih icnirJl starr
¢i)SlJ alloiJitd ors IhL b￿15 of iimL S￿01. and dLpf¢cioiK>n ¢liaD¥LS allotai¢d on Iht portion of ihc i￿*e1 s U5L'.
oihtr 5upporf costs arc JllotatL-d bascd WaL'.
Thex. ar¢ cosrs incvry¢d in aiirxiinA voluniJr%' in¢omt. th¢ mJn*trncni of iTrvcstrnenis Jnd Iliost inLurtL'd in
Chrttrllqble fftfyvilits
ChariiJblc C.%ptndI￿￿ ¢tympris¢5 Ihos¢ ¥osis incurrrd by IhL ibarit* in th¢ dLliv¢ry vf 115 activiiits aid 5cfviiCS
ror its b¢fftefiLiariL5. 11 io¢lud¢s both costs Ihai u*n b¢ Jllo¢aiLO directl￿ ID such a¢tlVjllL'5 those cost5 01. 2
indirLCI naturc ntcEssary 10 5￿pPoI[ Ih¢m.
Support costs
SuppDri ¢(>515 inclu¢J¢ lunriions Jrtd hay¢ b¢¢n allocaiLd iv aciiviitr ¢osi caie$oiic5 vn a basis ¢onsisiLni
¥Yiih thc wt of r¢SOu￿$. lar ¥iJmpl¢. st4trcos15 b￿ Iht 11rn¢ 5pcni and oib¢r ¢0515 b> iheiT usaDe.
CoverllaTrc¢ r0515
ThLSL InLllldL thc L7)5t5 anrIb￿lJbIC th the ¢h¥ity s cornpliallcc wilh eonstiiulionil and siaiuiL)ry r¢qUiTeni￿.lI1S.
iniludin" atydii. 51ritLIDiC marsagcm¢ni Jnd iwsi¢¢s s mLetiny- and rcimbursed exptnSCS.
Pao¢ l?

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 a￿d ifL 01 lail Of di¢ a55LI
Jr4 rcL(iollised in inLDm¢ ill'ir (ht pcrivd in ￿hIL* Ihi relaitd tosis aiL ftrLD*ni5cII_ 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 Fi￿alleL. A¢1 Ir)10 Jnd
thei¢for¢ il mtets IhE dcfiniliDll of a choriiablc cornpani. flir UK cotpofaiion ia.1 pu￿￿$￿5. ALcordinglY. tlic
Lhorii). is ￿{Crn11a1Iv eytmpi from tLialivn in rr5pccI thr tTrCO¢nL ur capiial trains rtCLivcd ￿1th1n cJiegoric5
cove￿￿ b). Ch)plcr J Pari I l of thr Ci)rpiiiJiiun Tix Aci 2010 or Section ?)6 lif fhe TaiJiiuTr of Char4Lible
Gain5 Ali 199fj 111 Ihc E.%icni Ihlli 5Uuh incomc or aains arr appli¢1 ex¥luslYtlY lu charibibl4 purpu5C5_
T4Dgible fired a55ers
Individual fi.icd asscrs cTr51iTrg EIOO or rnore ate lniiiall￿ ￿cOrd¢d ai ¥OSI. Ic55 Jntr s￿b$¢que￿I acLufflknlat¢d
¢JtWLiialiiia and substqucThi ttc¢urnultsrLd impairrn¢nr losses.
Depr¢eig1ion lod amoriis*iioA
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
cha￿b￿r *nd ¢quipm<tsi
OfFi6e ¢quipmeni
Compuitr rquiprncni
Motor YchiEles
Dtpreti*tiofft 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 ioYe*tmenls
Fi¥¢d a55tl invc51menis. oiht¥ than ptytrrnmme rel*i¢d lnves&ntn￿ arc includcd at markei v8lD¢ ai ihc balRncc
shccl dJie. Reali5Ed oains and 1055e5 invesimenis are ialiulale41 ¥5 die diffcrenit bElI￿L'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. firs1￿Ul 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 i*Tform¢d in lh¢ orJinJr!
a￿L￿rding io lh¢ i)fi•l￿OI 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$*ments Iliai rLRdily ¥nnverliblL th a Jmouni of cash arc 5ubjc(i 10 an insignifi¢Jnr risk Thr
hang¢ in Y4lLK.
Tradt crediturs
Tradc ￿r¢dil￿r$ 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 Lurrc￿l 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￿$( Iiwtlve
nitrnih5 Iht rCp0rtin￿ d)i¢. Ir there is uncondiiionjl ri.ht t() dcfti 5¥tt1¢ffl¢ni Ftyr ai Itasl Iwtlve monrh5
dficr th¢ ￿p￿rtIn0 dai¢. Ih¢¥ 4r¢ pre5cnioO as liabiliiK5.
Trad¢ ¢r¥dilDrs r¢cn•Di5cd iniiiall! #i Ihc Iran5￿(10￿ pri¢¢ JTrd 5ubs¢4u¢nily me4SUtrd ai amorti$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 0f￿h1￿
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¢n5￿n 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$1 Limited
Notes to tbe FiD8Dei*l St*temtnt$ for the YtAr Endtd 31 Mareh 2023
3 ImtomE froth don•liDNs *Dd legatits
Vqre5tricttd
Rt51rirted
Tor•1
2023
Tot*1
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 Charit￿5
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 I￿￿1¢5 in 2022. £35.266 wis unT¢5tri¢Rd_ and £Z4.216 wa5 fcsiTlClCd.
l•coty¢ from thirit*ble Attivi¢its
Trre5tritttd
funds
Ce•tr*l
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 2￿22. the tniirt •¢nDunl w•5 unrcsrrtC￿d.
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 C￿11￿¢ ￿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

UMIt

C•ity

Multipk Seltrosis Therapy Ce￿tre 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¢¢
Deprtci*ion oFfi.x¢d asse
2.880
18.464
2.880
20.8))
9 Trustees rernxBer*tioo 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 ￿1mb￿r5ed txptTrses from iht ch¥rry durin*l 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 sen￿1 m￿•￿eMEn1 tE*ml 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 p1rtici￿*d in the Defined coTrrrib￿tIoO Pension Scheffles.
Conrrtbuiions io th¢ ¢mployee pttsswn $¢h¢mes for Iht y¢tr to&lled I2.683 12021- £2 J711.
No cmployee rteeivcd emo1urnt￿ts of mo¢ thin £6Q.000 during the yeat.
The toiil ¢mployee ben¢fits of tht kty m￿a%¢￿t￿l personnel of tbr Ch￿lY were £37.973 12022- £32.8351.
11 T*x*ilort
The thariry is a re8is*ie6 ch8tity and is Ih¢tefvte ¢x¢mpt WXilioTr.
PaEe 19

<p

Multiple Sclerosi5 Tberipy Cetttre South W¢5t Liwited
Notes to the FinAn¢iil Statements for the Yettr Ended 31 March 2023
13 Fixtd *i&tr itsvÈstmeTrts
Oil¢f iftvtsithtnis
Listed
TDtAI
Mlrket vilu¢
Al l Apiil 2022
Disposals
Nci 81inslllosscs1 on iTrvesEments
399.197
399.397
At 31 March 2023
289.771
289,771
Th¢r¢ viEi¢ no inwesithefii tsse(s QU15ide the UK.
14 Slotk
212J
2122
Sknck%
972
IS Debtors
2023
2022
Trad¢ d¢btDrs
Pvepiyments
Accrued income
T￿ ttcovcrable
OtheT deblo
1.057
14.092
507
5J21
904
1.737
292
4.436
20.281
16 Clsh ind c15h equbYah4ts
2023
2022
C￿h on hand
C￿h At bank
58
21.632
39.364
39,424
21.690
P4e21

Multiple Sclerosis Therapy CeJLtre South West Limited
Notes to the Financial Statements for the Year Ellded 31 March 2023
17 Crediiof5'. fllliii dtse wiihia ont !'¢ir
20?3
15.69
11).398
OihL¢ iaxiiioii so¢tal 5t<iiritv
7.004
3.8DI
DLfLrred incornc
3.94)
iO.fj89
2025
1021
DcfLrred incurnc at l Apfil 702?
Rr5uurit5 drfrFrrd in Iht prriod
Amoun15 rele4scd from prLvio¥s p¢riods
3.94)
3_808
13.94i
3.140
3_945
DrfLrrcd illLom¢ •1 ytarend
3_808
18 Ptnsion Ind other scheffj¢5
Oefiw¢d tonirib¥tloTh pr*sio• sthemt
ThE charity" operaies a defifttd ioiiiribthiioTr pertsion schtm¢. The Pen5M)n ¢051 chape for ihc ycar r¢pttstn15
L0nlribul￿ns payable b> 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 $eparote designaitd fund_
Purpo% ofRes¢riued FU￿d5
Th¢ S¢rt¥Jfix. Clart Milnc Trusi ArnDld Clark Cornfftu￿itY rcpr¢5eni amounts ￿et}y¢￿ w ¢ompl¢ie
nevj deckin¢ pYoje¢i at property. During the previoD5 )tar the fuDds werr S￿nt and thE projeci £omplr*d 4Thd
Ihtrtfore a (ransfer was rnade io the ¥nr¢stri<*d d¢5igth&te4 fvnd5.
The restrictEd dtsnJii0Th5 receivtd fJom individu41s repre5eni rectivtd to pur¢ha5t a Nu-siep T5XR
Rtturnbent Cro$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.
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211 .4n81isis of tstt *55et$ bettvÈti f¥gds
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2022
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645_361
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399.397
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417.i69
645.361
1.630
l.D64.567.
Pa•t 76