COMPANY REGISTRATION NUMBER: N1023394 CHARITY REGISTRATION NUMBER.. NIC100997 MEWRY & MOURNE MULTIPLE SCLEROSIS COMMUNITY THERAPY CENTRE LIMITED Company Limited by Guarantee Unaudited Financial Statements 31 December 2022 NTANTS LTD Chartered accountant 35 CHURCH SQUARE BANBRIDGE CO DOWN BT32 4AP
NEWRY & MOURNE MULTIPLE SCLEROSIS COMMUNITY THERAPY CENTRE LIMITED Company Limited by Guarantee Financial Statements Year ended 31 December 2022 Paga Trustees, annual report (incorporating the director's report) Independent examinerfs report to the trustees Statement of financial activities (including income and expenditure account) Statement of financial position Notes to the financial statements
NEWRY & MOURNE MULTIPLE SCLEROSIS COMMUNITY THERAPY CENTRE LIMITED Company Limited by Guarantee Trustees. Annual Report (Incorporating the Director's Report) Year ended 31 December 2022 The trustees, who are also the directors for the purposes of company law, present their report and the unaudited financial statements of the charity for the year ended 31 December 2022. Reference and adminlstrative details Reglstered charfty name NEWRY & MOURNE MULTIPLE SCLEROSIS COMMUNITY THERAPY CENTRE LIMITED Charlty reglstratlon number NIC1 OD997 Company registration number N10233g4 Principal office and registered Shepherd's Drive office Carnbane Industrial Estate Newry Co Down BT35 6QJ The trustees MR T MCGUINNESS MRS B O'HARE MR ACARRAGHER MRS A JOHNSTON Company secretary CATHERINE GORMAN Independent examiner RGAACCOUNTANTS LTD 35 CHURCH SQUARE BANBRIDGE CO DOWN BT32 4AP Structure, governance and management Newry & Mourne Multiple Sclerosis Community Therapy Centre Limited is a company limiled by guarantee and is govemed by its Memorandum and Articles of Association. It is recongised by HM Revenue & Customs as a charity for tax purposes. It is also registered as a charity with the Charity Commission for Northern Ireland.
NEWRY & MOURNE MULTIPLE SCLEROSIS COMMUNITY THERAPY CENTRE LIMITED Company Limited by Guarantee Trustees, Annual Report (Incorporating the Director's Report) (continued) Year ended 31 December 2022 Objectives and activities Newry & Mourne Multiple Sclerosis centre provides therapies and support to people with Multiple Sclerosis {MS}. Therapies include oxygen therapy and physiotherapy. Support can be found in many forms with generally drop-in chats to counselling and dietary advice. The charity relies on dedicated volunteers and donors who give freely of their time and money to help people with MS. Achievements and performance The Centre has suffered a deficit again this year. Last year it suffered a deficit of £4,070 excess of expenditure over income whereas this year the deficit is £9,309. The Centre's level of client numbers ranges beeen 8-12 per day and is now only open 2 days per week due to high costs. Financial review The Charity suffered a deficit again this year whereby expenditure was in excess of income of £9,309 this year. The Charity supplements income by way of donations and fundraising events. This has been severely impacted this year due to current Covid-19 pandemic and also the Cost of Living Crisis. The Charity has availed of Grant Aid to minimise this financial impact. Plans for future periods The charity hopes to continue to grow the number of clients and increase the price of the Dives to boost Dive income. The Charity will hold a number of fundraising events in order to increase income next year. Small company provisions This report has been prepared in accordance with the provisions applicable to companies entitled to the small companies exemption. The trustees, annual report was approved on 16 May 2023 and signed on behalf of the board of trustees by.. CATHERINE GORMAN Charity Secretary
NEWRY & MOURNE MULTIPLE SCLEROSIS COMMUNITY THERAPY CENTRE LIMITED Company Limited by Guarantee Independant Examinerf8 Report to the Trustees of NEWRY & MOURNE MULTIPLE SCLEROSIS COMMUNITY THERAPY CENTRE LIMITED Year ended 31 December 2022 report to the trustees on my examination of the financial statements of NEWRY & MOURNE MULTIPLE SCLEROSIS COMMUNITY THERAPY CENTRE LIMITED ('the charity'l for the year ended 31 December 2022. Responslbllltlgs and bas18 of report As the twstees of the company (and also ils directors for the purposes of company lawl you are rgsponsible for the preparation of the financial statements in accordance with the requirements of Charities Act {Northern Ireland) 2008 (the '2008 Act'l and Ihe Companies Act 2006 ('the 2006 Act,). You are satisfied thal the accounts of the company are not required by charity or company law to be audited and have chosen instead to have an independent examination. Having satisfied myself that the accounts of the company are not required to be audited under Part le of the 2006 Act and are eligible for independent examination, I report in respect of my examination of the charity's financial statements as carried out under section 65 of the 2008 Act. In carying out my examination I have followed the general Directions given by the Charity Commission for Northem Ireland under section 65{9)(b) of thè 2008 Act. Ind8p8ndent examingrfs statement I have completed my examination. I confirm that no matters have come to my attention in connection with my examination giving me cause to believe that in any material respect.. accounting records were not kept in respect of the charity as required by section 386 of the 2006 Act; or the financial statements do not accord with those records. or the financial statements do not comply with the accounting requirements of section 396 of Ihe 2006 Act other than any requirement that the accounts give a 'true and faiff view which is not a matter considered as part of an independent examination; or the fi'nancial statements have not been prepared in accordance with the methods and principles of the Statement of Recommended Practice for accounting and repcrting by charities applicable to charities preparing their accounts in accordance with the Financial Reporting Slandard applicable in the UK and Republic of Ireland IFRS 102}.
NEWRY & MOURNE MULTIPLE SCLEROSIS COMMUNITY THERAPY CENTRE LIMITED Company Limited by Guarantee Independent Examiner's Report to the Trustees of NEWRY & MOURNE MULTIPLE SCLEROSIS COMMUNITY THERAPY CENTRE LIMITED fcontlnued) Year ended 31 December 2022 I confirm that there are no other matters to which your attention should be drawn to enable a proper understanding of the accounts to be reached. RGAACCOUNTANTS LTD Independent Examiner 35 CHURCH SQUARE BANBRIDGE CO DOWN BT32 4AP
NEWRY & MOURNE MULTIPLE SCLEROSIS COMMUNITY THERAPY CENTRE LIMITED Company Limited by Guarantee Statement of Financial Activities (including income and expenditure account) Year ended 31 December 2022 2022 Restricted funds Total funds 2021 Unrestricted funds Total funds Nots Income and endowments Donations and legacies Total Income 65,114 65,114 65,114 65,114 67,894 67,894 Expenditure Expenditure on charitable activitie8 Total oxpenditure 74,423 74,423 74,423 74,423 71,964 71,964 Net expendlture and net movement in funds 19,309} (9,309) (4,070) Reconciliation of funds Total funds brought forward Total funds carried forward 34,782 2,385 2,385 37,167 27,858 41,237 37,166 25,473 The statement of financial activities includes all gains and losses recognised in the year. All income and expenditure derive from continuing activities. The notss on pages 8 to I S forni part of thaso financial statements.
NEWRY & MOURNE MULTIPLE SCLEROSIS COMMUNITY THERAPY CENTRE LIMITED Company Limited by Guarantee Statement of Financial Position 31 December 2022 2022 2021 Nots Flxed assets Tangible fixed assets 12 38,918 41,533 Current assets Debtors Cash at bank and in hand 13 13,241 3,874 17,115 7,179 7,179 Creditors: amounts falling due within one year Net current IlabllStles 14 18,239 11,060 27,858 27,858 21,481 4,366 37,167 37,167 Total assets less currant liabilities Net assets Funds of the Charlty Restricted funds Unrestricted funds 1,908 25,950 2,385 34,781 37,166 Total charity funds 16 27,858 For the year ending 31 December 2022 Ihe charity was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies. Directors, responsibilities.. The members have not required the company to obtain an audit of its financial statements for the year in question in accordance with section 478., The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements. These financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies, regime. The statement of financial position continues on the following page. The notes on pages 8 to 15 form part of the8e financial statements.
NEWRY & MOURNE MULTIPLE SCLEROSIS COMMUNITY THERAPY CENTRE LIMITED Company Limited by Guarantee Statement of Financial Position (continued) 31 December 2022 These financial statements were approved by the board of trustees and authorised for issue on 16 May 2023, and are signed on behalf of the board by: MRS B O'HARE Trustee MRS A JOHNSTON Trustee The notes on pages 8 to 15 fomi part of these financial ststements.
NEWRY & MOURNE MULTIPLE SCLEROSIS COMMUNITY THERAPY CENTRE LIMITED Company Limited by Guarantee Statement of Financial Position 31 December 2022 2022 2021 Note Fixed assets Tangible fixed assets 12 38,918 41,533 Current assets Debtors Cash at bank and In hand 13 13,241 3,874 17,115 7,179 7,179 CreditorJ'. amounts falling due within one year Net current liabilities 14 18,239 11,060 27,858 27,858 21,481 4,366 37,167 37,167 Total ass8ts less current lialjilities Net assets Funds of the charlty Restricted funds Unrestricted funds 1,908 25,950 27,858 2,385 34,781 37,166 Total charity funds 16 For Ihe year ending 31 December 2022 the charily was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies. Directors, responsibilities. The members have not requlred the company to obtain an audit of Its financial statements for the year in question in accordance with section 476- The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements. These financial statements have been prepared in accordance wllh the provisions applicable to companies subject to the small companies, regime. The statement of financial position continues on the following page. The notes on pages 8 to 15 fomi part of those financial statsments.
NEWRY & MOURNE MULTIPLE SCLEROSIS COMMUNITY THERAPY CENTRE LIMITED Company Limited by Guarantee Notss to the Financial Statsments (conllnueoy) Y&ar ended 31 December 2022 Accounting pollcles (contlnued) Fund accountlng Unrestricted funds are available for use at the discretion of the trustees to further any of the charity's purposes. Designated funds are unrestricted funds earmarked by Ihe trustees for particular future project or commitment. Fiestricled funds are subjected to restrictions on their expenditure declared by the donor or through the terms of an appeal, and fall into one of sub-classes.. restricted income funds or endowment funds. Incoming resources All incoming resources are included in the statement of financial activities when entitlement has passed to the charity; it is probable that the economic benefits associated with the transaction will flow to the chartty and the amount can be reliably measured. The following specific policies are applied tc particular categories of income.. income from donations or grants is reccgnised when there is evidence of entitlement to the gift, receipt is probable and its amount can be measured reliably. legacy income is recognised when receipt 15 probable and entitlement is established. income from donated goods is measured at the fair value of Ihe goods unless this is impractical to measure reliably, in which case the value is derived from the cost to the donor or the estimated resale value. Donated facilitie5 and services are recognised in the accounts when received if the value can be reliably measured, No amounts are included for the contribution of general volunteers. inccme from contracts for the supply of services is recognised with the delivery of the contracted service. This is classified as unrestricted funds unless there is a contractual requirement for it to be spent on a particular purpose and retumed if unspent, in which case it may be regarded as restricted.
NEWRY & MOURNE MULTIPLE SCLEROSIS COMMUNITY THERAPY CENTRE LIMITED Company Limited by Guarantee Notes to the Financial Statements (continued) Year ended 31 December 2022 Accountlng pollcles (contlnued) Resou rces expended Expenditure is recognised on an accruals basis as a liability is incurred. Expenditure includes any VAT which cannot be fully recovered, and is classified under headings of the ststement of financial activities to which it relates.. expenditure on raising funds includes the costs of all fundraising activities, events, non- charitable trading activities, and the sale of donated goods. expenditure on charitable activities includes all costs incurred by a charity in undertaking activities thal further its charitable aims for the benef it of ils beneficiaries, including those support costs and costs relating to Ihe governance of the charity apporlioned lo charitable activities, other expenditure includes all expenditure that is neither related to raising funds for the charity nor part of its expenditure on charitab5e activities. All costs are allocated to expenditure categories reflecting the use of the resour. Direct costs attributable to a single activity ar8 allocated directly to that activity. Shared costs are apportioned between the activities they contribute to on a reasonsble, justifiable and consistent basis. Tanglble assets Tangible assets are initially recorded at cost, and subsequently stated at cost less any accumulated depreciation and impairment losses. Any tsngible assets carried at revalued amounts are recorded at the fair value at the date of revaluation less any subsequent accumulated depreciation and subsequent accumulaled impairment losses. An increase in the carrying amount of an asset as a result of a revaluation, is recognised in other recognised gains and losses, unless it reverses a charge for impairment that has previously been recognised as expenditure within the stalement af financial activities. A decrease in the carrying amount of an asset as a result of revaluation, is recognised in other recognised gains and losse5, except to which it offsets any previous revaluation gain, in which case the loss is shown within other recognised gains and losses on the statement of financial activities. Depreciation Depreciation is calculated so as to write off the cost or valuation of an asset, less its residual value, over the useful economic life of that asset as follows= Long leasehold propety Plant and machinery Fixtures and fillings 2 % straight line 20 % reducing balance 20 /0 reducing balance 10
NEWRY & MOURNE MULTIPLE SCLEROSIS COMMUNITY THERAPY CENTRE LIMITED Company Limited by Guarantee Notes to the Financial Statements (contlnued) Year ended 31 December 2022 Accountlng pollcles (condnued) Impaimient of fixed assets A review ft)r indicators of impairment is carried out at each reporting date, with the recoverable amount being estimated where such indicators exist. Where the carrying value exceeds the recoverable amount, the asset is impaired accordingly. Prior impairments are also reviewed for possible reversal at each reporting date. For the purposes of impairment testing, when it is not possible to estimate Ihe recoverablè amount of an individual asset, an estimate is made of the recoverable amount of the cash- generaling unit to which the asset belongs. The cash-generating unit is the smallest identifiable group of assets that include5 the assel and generates cash inflows that largely independent of the cash inflows from other assets or groups of assets. 11
NEWRY & MOURNE MULTIPLE SCLEROSIS COMMUNITY THERAPY CENTRE LIMITED Company Limited by Guarantee Notes to the Financial Statements (continued) Year ended 31 December 2022 Accountlng poll¢les {contlnued) Financlal Instruments A financial asset or a financial liability is recognised only when Ihe entity becomes a party to the contractual provisions of the instrument. Basic financi81 instrumenls are initially recognised at the amount receivable or paable including any related transaction costs, unless the 8rrangement constitutes a financing transaction, where it is recognised at the present value of Ihe future payments discounted at a market rate of interest for a similar debt instrument. Current assets and current liabilities are subsequently measured at Ihe cash or other consideration expected to be paid or received and not discounted. Debt instruments are subsequently measured at amortised cost. other financial instruments, including derivatives, are initially recognised at fair value, unless payment for an asset is deferred beyond normal business terms or financed at a rate of interest that is not a market rate, in which case the asset is measured at the pre5enl value of the future paymenls discounted at a market rate of interest for a similar debt instrument. other financial instruments are subsequently measured at fair value, with any changes recognised in profit or loss, with the exception of hedging instruments in a designated hedging relationship (see hedge accounting pollcy). Financial assets that are measured at cost or amortised Gost are reviewed for objective evidence of impairment at the end of each reporting date. If there is objective evidence of impairment, an impairmenl loss is recognised under the appropriate heading in the statement of financial activities in which the inilial gain was recognised. For all equity instruments regardless of significance, and other financial assets that are individLtally significant, these are assessed individually for impairment. Other financial assets are either assessed individually or grouped on the basis of similar credit risk characteristics, Any reversals of impairment are reccgnised immediately, to the extent that the reversal does not result in a carrying amount of the financial asset that exceeds what the canying amount would have been had the impairment not previously been recognised. Llmited by guaranto8 Newry & Mourne Multiple Sclerosis Community Therapy Centre is a company limited by guarantee and accordingly does not have a share capital, 12
NEWRY & MOURNE MULTIPLE SCLEROSIS COMMUNITY THERAPY CENTRE LIMITED Company Limited by Guarantee Notes to the Financial Statements (contlnued) Year ended 31 December 2022 Donations and legacies Unrestricted Total Funds Unrestricted Total Funds Funds 2022 Funds 2021 Donations Donations Dive Income 11,693 40,180 11,693 40,180 7,864 18,087 7,864 18,087 Grants Grants receivable HMRG JRS Grant 13,241 13,241 23,029 18,914 23,029 18,914 65,114 65,114 67,894 67,894 Expenditure on charitable activities by fund type Unrestricted Total Funds Unrestricted Total Funds Funds 2022 Funds 2021 Activity type 1 74,423 74,423 71,965 71,964 Expenditure on charltable activitles by activlty type Activities undertaken Total funds directly 2022 Total fund 2021 Activity type 1 74,423 74,423 71,964 Net expenditure Net expenditure is stated after chargingllcrediting).. 2022 2021 Depreciation of tangible fixed assets 2,615 2,823 Independent oxamination fees 2022 2021 Fees payable to the independent examiner for: Independent examination of the financial statements 500 500 13
NEWRY & MOURNE MULTIPLE SCLEROSIS COMMUNITY THERAPY CENTRE LIMITED Company Limited by Guarantee Notes to the Financial Statements (contlnued) Year ended 31 December 2022 10. Staff costs The total staff costs and employee benefits for Ihe repcrting period Sre analysed as follows.. 2022 2021 Wages and salaries 34,168 34,776 The 8verage head count of employees during the year was 2 (2021.. 2). The average number of full-time equivalent employees during the year is analysed as follows.. 2022 No. 2021 No. Number of staff No employee received employee benefits of more than £60,000 during the year (2021: Nil). 11. Trustee remuneratlon and expenses No remuneration or other benefits from employment with the charity or a related entity were reiVed by the trustees. 12. Tanglble fixed assets Long leasehold property Plant and Fixtures and machinery fittings Total Cost At 1 January 2022 and 31 December 2022 88,982 17,081 33,465 139,528 Depreciation Al 1 January 2022 Charge for the year At 31 December 2022 51,620 1,780 53,40D 17,052 29,323 829 S7,995 2,615 100,610 17,058 30,152 Carrying amount At 34 December 2022 35,582 37,382 23 3,313 4,142 38,918 41,533 At 31 December 2021 29 13. Debtors 2022 2021 other debtors 13,241 14
NEWRY & MOURNE MULTIPLE SCLEROSIS COMMUNITY THERAPY CENTRE LIMITED Company Llmited by Guarantee Notes to the Financial Ststements (contlnuod) Year ended 31 December 2022 14. Credltors: amounts falling due within one year 2022 2021 Bank loans and overdrafts Accruals and deferred income Social security and other tsxes 2,112 17,768 1,601 21,481 17,768 471 18,239 15. Deferred Income 2022 2021 16. Analysis of charitable funds Unrestricted funds At 1 January 202 At 31 December 2022 Income Expenditure Transfers General funds 34,782 65,114 (74,423) 477 25,950 Restrlcted funds At 31 December 2022 1 January 202 Income Expenditure Transfers Restricted Fund 1 2,385 1477) 1,908 17. Analysls of net assets between funds Unrestricted Funds Restricted Total Funds Total Wunds Funds 2022 2021 Tangible fixed assets Current assets Credilors less than l year Net assets 1,908 1,908 25,950 41,533 25,950 (4,36S) 37,167 25,950 1,908 27,858 15