COMPANY REGISTRATION NUMBER.. N1023394 CHARITY REGISTRATION NUMBER: NIC100997 NEWRY & MOURNE MULTIPLE SCLEROSIS COMMUNITY THERAPY CENTRE LIMITED Company Limited by Guarantee Unaudited Financial Statements 31 December 2023 Chartered accountant 35 CHURCH SQUARE BANBRIDGE CO DOWN 8T32 4AP
NEWRY & MOURNE MULTIPLE SCLEROSIS COMMUNITY THERAPY CENTRE LIMITED Company Limited by Guarantee Financial Statsments Year endad 31 December 2023 Page Trustees, annual report (incorporating the director's report) Independent examiner's 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 Guarantea Tru8toe8' Annual Report (Incorporating the Directo9 Report) Year endèd 31 Docamber 2023 The trustees. who are also the directors for the purpose5 of company law, present their report and the naudited financial statements of the charity for the year ended 31 December 2023. Reference and admlnlstrntlvg detall¥ Registered charlty name NEWRY & MOURNE MULTIPLE SCLEROSIS COMMUNITY THERAPY CENTRE LIMITED Charity rg918tratlon number NIC100997 Company regl8tratlon numbor N1023394 Prlnclpal offic9 and regl8terod Shepherd's Drive offlce Carnbane Industrial Estate Newry Co Down BT35 6QJ The tru$teeg MR T MCGUINNESS MRS B O'HARE MR A CARRAGHER MRS A JOHNSTON Cornpany Secretary Independent examlner CATHERINE GORMAN RGA ACCOUNTANTS LTD 35 CHURCH SQUARE BANBRIDGE CO DOWN BT32 4AP Structure, governance and managoment Newry & Mourne Multiple Sclerosis Community Therapy Centre Limited is a company limited by guarantee and is governed by its Memorandum and Articles of Association. 11 is recongised by HM Revenue & Customs as a charity for tax purposes. It is also registered as a charlty with the Charity CommissK)n for Northern Ireland.
NEWRY & MOURNE MULTIPLE SCLEROSIS COMMUNITY THERAPY CENTRE LIMITED Company Llmlted by Guarantse Tru$tses' Annual Report (Incorporatlng the Director's R8port) (contlnuedj Year ended 31 Dec8mbor 2023 ObJectlv88 and actSvltle8 Newry & Mourne Multiple Sclerosis centre provides therapies and support to people with Multiple Sclerosis IMS), Therapies include oxygen therapy and physiotherapy. Support can be found in many forms with generally drop-in chats lo counselling and dietary advice, The charlty relies on dedicated volunteers and donor5 who glve freely of their time and money to help people with MS,
NEWRY & MOURNE MULTIPLE SCLEROSIS COMMUNITY THERAPY CENTRE LIMITED Company Llmltsd by Guarantee Trustsos. Annual Report (Incorporating the Director'8 Report) fconflnuod) Year ended 31 December 2023 Achlevemonts and porformanc• The Centre has suffered a deffcil again this year. Last year it suffered a deficit of £9.309 excess of gxpenditure over income whereas this year the deficit is £20,843. For Ihe first quarter of 2023, the Centre operated on a days per week schedule. During May 2023, staff began a trial of an additional one10 sessions lo be held on a third weekday, and it should be noted Ihal these staff hours were and continue to be, entirely voluntary. It is hoped that by introducing an additional day to the Centre's schedule Ihat the financial impact of short notice cancellations by regular clients attending and also the irnpacl of non4tlendance by clients due lo holiday arrangements, covkj be off-sel. July 2023 the staff introduced "Fundralslng from Home" to regular clients attending the oxygen therapy sesslons. Once again trylng lo réduce the Impact of CanlIationS due lo those suffering from long term health conditions by which cancellations for hospital appointmentslcovidlholidays and other medical reasons is to be expected. However. while the staff have continued to operate sessions on 8 Ihird day on a voluntary basis, under- occupancy due lo cancellations continues to be a financial challenge. We can only hope that more M S, clients and others who use lh8 tacility on a regular basis, pick up on Ihe"Fundraisin9 from Home" Challenge, with more engagement from at18ast five family members, A contribution to a home box of £2.50 per week by five family members would raise £50.00 per calendar month, £800 8nnually. Ten families would enable an Income of £6,000 per year. This would permit those clients who do not wish or cannot raise funds out in their Communities due to their disability to support the ongoing costs of the provision of their essential, beneficial therapy for their long-term health condition. R8membenng the whole ethos of our charity Self help is Our Way of Action". Fundraising is critical to our recovery. Flnanclal rovlew The Charity suffered a deficit again this year whereby expenditure was in excess of income of £20,843 this year. The Chanty supplements income by way of donations and fundraising events. This remains to be severely impacted since the Covid-19 pandemic and al80 the Cost of Living Crisis.
NEWRY & MOURNE MULTIPLE SCLEROSIS COMMUNITY THERAPY CENTRE LIMITED Company Limited by Guarantee Trustsgs, Annual Report (Incorporating the Director's Report) {¢oneinued) Year ended 31 Decembar 2023 Plan8 for future porlods The charity hopes to continue lo grow the number of clients and incr8ase 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 provlslons This report has been prepared in accordance with the provisiorbs applicable to companies entitled to the small companies exemption, The Iruslees, annual report was approved on 17 June 2024 and signed on behalf of the board of trustees by. CATHERI Charity Se EGO relary
NEWRY & MOURNE MULTIPLE SCLEROSIS COMMUNITY THERAPY CENTRE LIMITED. Company Limited by Guarantee Independent Examlner's Report to the Trustees of NEWRY & MOURNE MULTIPLE SCLEROSIS COMMUNITY THERAPY CENTRE LIMITED Year ended 31 December 2023 I rep)rt to the trustees on my examination of the financlal statements of NEWRY & MOURNE MULTIPLE SCLEROSIS COMMUNifY THERAPY CENTRE LIMITEO ('the charty'l for the year ended 31 December 2023. Re8pon8lbllltl98 and ba616 ol report As the trustees of the company land also its directors for Ihe purposes ol company lawl you are responsible for the preparation of the financial staternents in accordance with Ihe requirements of Charities Act (Northern Ireland) 2008 (the '2008 Act,) and the Companies Act 20061'lhe 2006 Act'i You are sallsfled that the accounts of the company are not required by charity or company law to be audited and have chosen instead to have an independenl examination. Having satisfied myselt that Ihe accounts of the company are not required to be audited under Part 16 of the 2006 Act and are eligible for independent examination, I reporl in r8spect of my examination of the charity's financial statements as carried out under section 65 of the 2008 Act. In Garrying out my examinalion I have followed the general Dlreclions given by the Charity Commission for Northern Ireland under sectlon 65191(bl of the 2008 Act. Independent examlner'8 8tatement I h8ve cornpleted my examln8tlon, I confirm that no matters have come to my 8ttention In connection with my examination giving me cause to believe that in any material respect.. accounting records were not kept in respe of the charity as required by section 386 of the 2006 Act, or the financial statements do not accord wrth those records., or the financial statements do not comply with the accounting requirements of Section 396 of the 2006 Act other than any requirement that the accounts give a 'true and fail view which is not a matter considered as part of an independent examination., or the financial slaternen15 have not been prepared in accordance with the methods and principles of the Statement of Recommended Practice for accounting and reporting by charities applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland IFRS 1021.
NEWRY & MOURNE MULTIPLE SCLEROSIS COMMUNITY THERAPY CENTRE LIMITED Company Limited by Guarantee Indepondent Examiner's Report to the Trustees of NEWRY & MOURNE MULTIPLE SCLEROSIS COMMUNITY THERAPY CENTRE LIMITED (conllnu•d) Y8ar ended 31 December 2023 I confirm that there are no other matters lo 1¢h your attentlon should be drawn to enable a proper understanding of Ihe accounts to be reached. RGA ACCOUNTANTS LTD Independent Examiner 35 CHURCH SQUARE BANBRIDGE CO DOWN 8T32 4AP
NEWRY & MOURNE MULTIPLE SCLEROSIS COMMUNITY THERAPY CENTRE LIMITED Company Limlted by Guarantee Statement of Flnanclal Activiti88 (includlng income and expenditure account) Year anded 31 December 2023 2023 Restricted funds Total funds Total funds 2022 Unrestricted funds Note Income and ondowmonts Donations and18gacies Investment income 53,603 53,603 65,114 Total Income 53,605 53,605 65,114 Expendlturo Expenditure on charitable activities Totsl exponditure 74,448 74,448 74,448 74,423 74,448 74,423 Net expendituro and nat rnovemont In fund$ 120,843} 120,843) (9,3091 Reconclliatlon of fund8 Total funds brought forward Total fund8 carrled forward 25.950 5,107 1,908 27,858 7.016 37,167 27,858 1,908 The statement of financial activities includes all galns and losses recognlsed in the year. All income and expenditure derive from continuing activities. The noteB on page8 9 to 16 form part ofthese flnanclal ststèments,
NEWRY & MOURNE MULTIPLE SCLEROSIS COMMUNITY THERAPY CENTRE LIMITED Company Llmited by Guarantoe Statement of Financial Position 31 December 2023 2023 2022 Nots Fixed assets Tangible fixed assets 13 38,472 38,918 Currènt as6et6 Cash at bank and in hand 7,683 7,179 Creditors.. amounts falllng due wlthln one year Ngt current Ilabilities 14 37,141 29,458 18.239 11,060 27,858 Totsl a886ts less current Ilabllitles Not assets 7,014 7,014 27,858 Fund8 of tho charlty Reslricled funds Unrestricted funds 1,526 5,488 7,014 1.908 25.950 Total charlty funds 15 27.858 For the year ending 31 December 2023 the charity was entitled lo exemption from audit under section 477 of the Companles Acl 2006 relating lo srnall companies. Directors, responsibllities.. The members have not required 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 slatements. These linancial slatements have been prepared in accordanc8 With the provisions applicablo to companies subjecl lo the small companies. regime. These financial st8lements were approved by Ihe board of trustees and authorised for Issue on 17 June 2024, and are signed on behalf of the board by.. MRS 8 O'HARE Trustee MRS A JOHNSTON Trustee The note8 on pages 9 to 18 form part of these flnanclal statements.
NEWRY & MOURNE MULTIPLE SCLEROSIS COMMUNITY THERAPY CENTRE LIMITED Company Limited by Guarantee Notes to the Flnancial Statements Year ended 31 December 2023 Gen8ral infom)ation The charity is a public benefit entity and a private cornpany limited by guarantee, registered in Northern Ireland and a registered charity in Northern Ireland. The address of the registered office is Shepherd's Dfive, Carnbane Industrial Estate, Newry, Co Down, BT3S 6QJ. Statom•nt of compliance These financial Statements have been prepared in compliance with FRS 102, 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland,, the Statement of Recommended Practice applicable to oharSties preparing their accounts in accordance with the Flnancial Reporting Standard 8pplic8ble In the UK and Republic of Ireland (FRS 1021 (Charities SORP (FRS 1021} and the Companies Act 2006. Accounting pollcle8 Ba819 of preparatlon The fin8n¢lal statement$ have been prepared on the historical cost basis, as rnodlfled by the revaluation of certain financial assets and liabilities and investment properties measured al fair value through income or expenditure. The financial statements are prepared in sterling, which is the functional currency of the entity Golng concern There are no material uncertainties aboul the charity's ability lo continue. D18closure exemptions These accounts have been prepared In accordance with the provisions applicable to companies subject to the small companies, reglme. Judgemonts and koy 8ource8 of 98tlmatlon uncertalnty The preparation of the financial statements requires managerrent lo make judgements, eslimates and assumptions that affect the amounts reported. These estimates and judgements are continually reviewed and are based on experlence and other factors, including expectations of future èvents thal are believed lo be reasonable under the circumstances.
NEWRY & MOURNE MULTIPLE SCLEROSIS COMMUNITY THERAPY CENTRE LIMITED Company Limited by Guarantee Nots8 to the Financial Statements (contlnu•d) Year ended 31 December 2023 Accountlng pollclo8 (conllnued) Fund accounting Unrestricted funds are available for use at the dlscretion of the trustees to further any of the charity's purposes. Designated funds are unrestricted funds earmarked by the trustees for particular future project or comrnitment Restricted funds are subjected to restrictions on their expenditure declared by the donor or through the terms ol an appeal, and fall into one of two sub-classes. restricted income funds or endowment funds Incoming resource8 All incomlng resources are Included In the statement of financial activities when enlillèment has passed lo the charlty',11 Is probable that the economic benefits associated with the transaction will flow to the charity ané the amount can be rellably measured. The following specific policies are applied lo particular categories of income.. income from donations or grants Is recognised when there is evidence of enlitlement to the gift, receipt 18 probable and ils 8mount can be measured reliably. legacy Income is recognised when recelpt is probable and entitlement is established. Income from donated goods is measured al the fair value of the goods unless Ihls is impractical to measure reliably, in which case the value is derived from the cost to the donor or the eslimateé resale value. Donated facilities and services are recognised in the accounts when reiVed if the value can be reliably measured. No amounts are included for the contribution of general volunteers. income from contracts for the supply of services is recognised wlth the dellvery of the contracled service. This is classified as unrestricted funds unless there is a contractual requirement for it to be spent on a particular purpose and returned if unspent, in whlch case il may be regarded as restricted. 10
NEWRY & MOURNE MULTIPLE SCLEROSIS COMMUNITY THERAPY CENTRE LIMITED Company Limlted by Guarantee Not88 to the Flnancial Statements fcondftued) Year endad 31 December 2023 A¢countlng policies (conNnu•d) Resources expended Expendlture is recognised on an accruals basis as a liability is incurr8d. Expenditure includès any VAT which cannot be fully recovered, and is classified under headings of the statement of financial activities to which it relates. expenditure on raising funds includes the costs of all fundralsing activities, events, non- charitable trading aetivllies, and the sale of donated goods, expenditure on charitable activities includes all costs incurred by a charity in undertaking activities that further ils charitable aims for the benefit of its beneficiaries, including those support costs and costs relating to the governance of the charity apportioned to charitable activitie5. other expenditure includes all expenditure that is neither related to raising funds ft>r tha charity nor part of its expenditure on charitable activities. All costs are allocated to expendilure categories reflectsng the use of the resource. Direct costs allribulable to a single activity are allocated directly to that activity Shared costs are apportioned befween the aclivilies they contribute lo on a reasonable, justifiable and consistent basis. Tanglble as$et8 Tangible assets are inilially recorded at cost. and subsequentty stated al cost les8 any accumulated depreciation and irnpairment losses. Any tangible assets carried 8t revalued amovnts are recorded al the fair value at the dale of revaluation less any subsequent accumulated depreciation and subsequent accumulaled impairment losses. An increase in the carrying amount of an asset as a result of a revaluation, is recognised in other recognised gains and losses, unless il reverses a charge for irnpairment that has previously been recognised as expendlture within the statement Df financial activitie5. A decrease In the carrying amount of an asset as a result of revaluation, is recognised in other recognised gains and losses, except lo which it offsets any previoL+S revaluation gain, in which case the loss is shown within other recognised gains and losses on the slaternent of financial activities Depreclation Depreciation is calculated so as to write off the cost or valuation of an asset, less its residual value, over the useful economic life of that asset as follows: Long leasehold propety Plant and machinery Fixlures and fittings 20A slraighl line 200/0 reducing balance 20010 redu¢lng balance 11
NEWRY & MOURNE MULTIPLE SCLEROSIS COMMUNITY THERAPY CENTRE LIMITED Company Llmit8d by Guarantee Notes to the Financial Statements (conllnued) Year ended 31 December 2023 Accountlng policios (cltInu0) Impalrment of fixed 488et8 A review for indicators of impairment 1$ carried out at each reporting dale, with Ihe recoverable amount being estimated where such indicator8 exist Where Ihe carying value exceeds the recoverable amount, the asset is impaired accordingly. Prior impairments are also reviewed for possible rev&r881 at each reporting dale. For the purposes of impairment testing, when il is not possible to estimate the recoverable amount of an individual asset, an estimate is made of the recoverable amount of the cash- generating unit to which the asset belongs. The cash-generating unil is the smallest identifiable group of assets that includes the asset and generates cash inflows that largely independent of the cash inflows from other assets or groups of assets 12
NEWRY & MOURNE MULTIPLE SCLEROSIS COMMUNITY THERAPY CENTRE LIMITED Company Limited by Guarantee Not88 to the Flnancial Statsments {¢ontlrtu•dJ Year ended 31 December 2023 Accounting pollclo8 fconffnu•d) Financial instruments A financial asset or a financi81 liability is recognlsed only when the entity becomes a paty lo the contractual provisions of the instrument. Basic financial instruments are Inltially recognised al the amount receivable or paable including any related transaction costs, unless the arrangement constitutes a financing transaction, where it is recognised at the present value of the future payments discounted at a market rate of interest for a similar debt instrument. Current assets and current liabilities are subsequently measured at the cash or other consideration expected to be paid or received and not discounted. Debt instruments are subsequently measured at amortisad cost. Other financial Instruments, includin9 derivatives, are initially recognised at kir value, unless payment for an asset is deferred beyond normal business terms or financed at a rate of interest that is nat a market rate, in which case the asset Is measured at the present value of the future payments discounted at a market rate of interest for a similar debt instrument. Other financial instruments are subseqLJenlly measured al fair value, with any changes recognised in profil or loss, wlth the exception of hedging instruments in a designated hedging relallonship {see hedge aeeounting policy), Financial 8ssets that are measured al c05t or amortlsed cost are reviewed for objective evidence of impairrnenl at the end of each reporting dale. If there is objèctive evidence of impairment, an impaimenl loss is recognised under the appropriate heading in the 6t8lement ol financial aclivitEs in which the inilial gain was recognised. For all equity instruments regardless of significance, and other financial assets that are individually significant, these are assessed individually for Impairment. Other financial assets are elther assessed individually or grouped on the basis of similar credit risk ¢haracteristics. Any reversals of impairment are recognised immediately, lo the extent that the reversal does not result in a carrying amount of the financial asset that exceeds what the carrying amount would have been had the impairment not previously been recognised, Llmlted by guarantee Nèwry & Mourne Multiple Sclerosis Community Therapy Centre is a company limlted by guarantee and accordingly does nol have a share capital, 13
NEWRY & MOURNE MULTIPLE SCLEROSIS COMMUNITY THERAPY CENTRE LIMITED Company Llmited by Guarantee Not08 to the Financial Ststements (Mntlnue(lJ Year ended 31 Dec8mber 2023 Donatlon$ and lega¢les UnrestriGted Total Funds Unrestricted Total Funds Funds 2023 Funds 2022 Donatlon8 t)onatsons Dive Income 10,224 43,379 10,224 43,379 11,693 40,180 11,693 40,180 Grants Grants receivable 13,241 65,114 13,241 65,114 53,603 53,603 Invostment incom Unrestricted Total Fund8 Unrestricted Total Funds Funds 2023 Funds 2022 Bank interest receivable type 1 Expendlture on charltable actlvltles by fund type Unrestricted Total Funds Unreslricled Total Funds Funds 2023 Funds 2022 Activity type 1 74,448 74,448 74,423 74,423 Exp•ndilure on charilable activitie8 by actlvity type Activi*es undertaken Total fund8 directly 2023 Total fund 2022 Activity type 1 74,448 74,448 74,423 Net expendSture Net expenditure Is staled after chargingllcrediting).. 2023 2022 Depreciation of tangible fixed assets 2,446 2,615 14
NEWRY & MOURNE MULTIPLE SCLEROSIS COMMUNITY THERAPY CENTRE LIMITED Company Limited by Guarantee Notes to the Flnancial Statements (contlnued) Year ended 31 December 2023 10. Indopend•nt examinatlon fee8 2023 2022 Fees payable to the independent examiner for.. Independent exarnination of the financial statements 500 500 11. Staff cost8 The total staff Costs and employee benefits for the reporting period are analysed as follows.. 2023 2022 Wages and salaries 32,500 34.166 The average head count of employees during the year was 212022.. 2). The average number of full-lime equivalent employees during the year is analysed as follows, 2023 2022 Number of staff No employee received employee benefits of more than £80,000 during the year (2022.. Nil). 12. Trustee remuneratlon and expense8 No remuneration or other benefits from employment with the charity or a related entity were received by the trustees, 13. Tanglblo fixod a56ets Long leasehold property Plant and Fixtures and machinery fittings Total Cost At 1 January 2023 and 31 D8cember 2023 88,982 17,081 33.465 139,528 Depreciatlon At 1 January 2023 Charge for the year At 31 Decembor 2023 53,400 1,780 55,180 17,058 30,152 662 100,610 2,446 103,056 17,062 30,814 Carrying amount At 31 December 2023 33,802 19 2,651 36,472 At 31 December 2022 35,582 23 3,313 38,918 15
NEWRY & MOURNE MULTIPLE SCLEROSIS COMMUNITY THERAPY CENTRE LIMITED Company Llmited by Guarantee Nots8 to the Flnanclal Statsments (eonllnu•d) Year ended 31 December 2023 14. Crodltor8: amounts falling due wlthln ono year 2023 2022 Accruals and deferred income Social security and other laxe5 Other creditor8 35,807 1,308 26 17,768 471 37,141 18,239 16. Analysls of charltable fund8 Unrestrlcted fund8 Al 1 January 202 At 31 Dec8mber 2023 Income Expenditure Transfers General funds 25,950 53,605 (74,448} 381 5,488 Restrlcled funds At 1 January 202 At 31 December 2023 Income Expenditure Transfers Restricted Fund 1 1,908 {3821 1,528 16. Analy818 of net assets between funds Unrestricted Funds Restricted Total Funds Total Funds Funds 2023 2022 Tangible fixed assets Current assets 1.526 1,526 5,488 7,014 1,908 25,950 27.858 5,488 Net assets 5,488 1,526 16