COMPANY REGISTRATION NUMBER: N1023394 CHARITY REGISTRATION NUMBER: NICq00997 NEWRY & MOURNE MULTIPLE SCLEROSIS COMMUNITY THERAPY CENTRE LIMITED Company Limited by Guarantee Unaudited Financial Statements 31 December 2024 GA ACCOUNTA Chartered accountants 35 CHURCH SQUARE BANBRIDGE CO DOWN BT32 4AP
NEWRY & MOURNE MULTIPLE SCLEROSIS COMMUNITY THERAPY CENTRE LIMITED Company Limited by Guarantee Financial Statements Year end6d 31 December 2024 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 Guarantee Trustees, Annual Report (Incorporatlng the Director's Report) Year ended 31 December 2024 The trustees, who are also the directors for the purposes of company18w, present their report and the unaudited financial statements of the charily for the year ended 31 December 2024, Reference and administrative details Reglstered charlty name NEWRY & MOURNE MULTIPLE SCLEROSIS COMMUNITY THERAPY CENTRE LIMITED Charlty reglstratlon number NIC100997 Company reglstratlon number N1023394 Principal office and registered Shepherd's Drive offic8 Carnbane Industrial Estate Newry Co Down BT35 6QJ The trustees MR T MCGUINNESS MRS B O'HARE MRS AJOHNSTON Company secretary CATHERINE GORMAN Independent examiner RGAACCOUNTANTS LTD 35 CHURCH SQUARE BANBRIDGE CO DOWN BT32 4AP structure, governancfr and management Newry & Moume Multiple Sclerosis Cornrnunity Therapy Centre Limited is a company limited by guarantee and is governed 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) (¢ontlnuedJ Year ended 31 December 2024 Objectives and activitie8 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 gener211y 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 £20,843 excess of expenditure over Income whereas thls year the deficit is £22,967. The Charity has been unable to supplement its dive income with donations and fundraising events. Th8 Charity will have to increase its charge for treatment in order to raise enough funds lo make the Charity sustainable. Financial revlew The Charity suffered a deficit again this year whereby expenditure was in excess of income of £22,967 this year. The Charity supplements income by way of donations and fundraising events. Unfortunately 2024 was a very tough year due to rising prices and the loss of the annual Iractor run fundraising event. Plans for future periods The charity hopes to contlnue 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 provlslons This report has been prepared in accordance wilh the provisions applicable to companies entitled to the small companles exemption. The trustees, annual report was approved on 16 September 2025 and signed on behalf of the board of trustees by- CATHERINE GORMAN Charity Secretary
NEWRY & MOURNE MULTIPLE SCLEROSIS COMMUNITY THERAPY CENTRE LIMITED Company Limitad by Guarantee Independent Examlner'8 Report to the Trustees of NEWRY & MOURNE MULTIPLE SCLEROSIS COMMUNITY THERAPY CENTRE LIMITED Year ended 31 December 2024 report to the trustees on my examination of the financial statements of NEWRY & MOURNE MULTIPLE SCLEROSIS COMMUNITY THERAPY CENTRE LIMITED ('the Charity,) ft)r the year ended 31 December 2024. Rasponslbllitles and basls of report As the trustees of the company (and also its direclDrs for the purposes of company lawl you are responsible for the preparation of the financial statemenls in accordance with the requirements of Charities Act (Northem Ireland) 2008 (the '20Q8 Act,) and the Companies Act 2006 ('the 2006 Act'i. You are satisfied that 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 16 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 thè 2008 Act. In carying out my examination I have followed the general Directions given by the Charity Commission for Northern Ireland under section 65{91(b} of the 2008 Act. Independent examinerfs statement I have completed my exarnination. I confirm that no matters have come to my attention in connection with my @X8mination giving me cause to believe that in any malerial respect.. accounting records were not kept in respect of the charity as required by section 386 of the 2006 Acl., or the financial statements do not accord with those records,, or the financial statements do not comply with the accounting requirements of seclion 396 of the 2006 Act other than any requirement that the accounts give a 'true and fairf view which is not a matter considered as part of an independent examination., or the financial statements 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 charilies preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland {FRS 102).
NEWRY & MOURNE MULTIPLE SCLEROSIS COMMUNITY THERAPY CENTRE LIMITED Company Limited by Guarantee Independent Examinerfs Report to the Trustees of NEWRY & MOURNE MULTIPLE SCLEROSIS COMMUNITY THERAPY CENTRE LIMITED (continued) Year ended 31 December 2024 I confirm that there are no other matters to which your attention should be drawn to enable a proper understsnding of the accounts to be reached, RGA ACCOUNTANTS 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 8xpenditure account) Year ended 31 December 2024 2024 Restricted funds Total funds Total funds 2023 Unrestricted funds Noto Income and endowments Donations and legacies Investment income 53,939 53,939 53,603 Total income 53,947 53,947 53,605 Expenditure Expenditure on charitable activities Total expendlture 78,914 76,914 76,914 76,914 74,448 74,448 Net expenditure and net movement In funds (22,967) (22,967} (20,843) Reconolllatlon of funds Total funds brought forward Total funds carried forward 5,488 (17,479> 1,526 1,526 7,014 (15,953) 27,858 7,015 The statement of financi81 activities includes all gains and losses recognised in the year. All income and expenditure derive from continuing activities. The notes on pages 7 to 14 form part of these financial statement8.
NEWRY & MOURNE MULTIPLE SCLEROSIS COMMUNITY THERAPY CENTRE LIMITED Company Limited by Guarantee Statement of Financial Position 31 December 2024 2024 2023 Note Flxed assgts Tangible fixed assets 13 34,157 36,472 Current assets Cash at bank and in hand 1,292 7,683 Creditor8: amounts falllng du8 within one year Net current Ilabilities 14 51,401 50,109 37,141 29,458 7,014 7,014 Total assets less current Ilablliti8S {15,952> (15,952) Net liabilities Funds of the charity Restricted funds Unrestricted funds 1,221 {17,173) (15,952) 1,526 5,488 Total charity funds 15 7,D14 For the year ending 31 December 2024 the 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 5talements for the year in question in accordance wilh section 47S', The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting reGords and the preparation of financial statements, These financial statements have been prepared in accordance with the provisions applicable lo companies subject to the small companies, regime, These financial statements were approved by the board of trustees and authorised for issue on 16 September 2025, and are signed on behalf of the board by: MRS B O'HARE Trustee MRS AJOHNSTON Truste6 The notes on pages 7 to 14 form part of these financial 8tatem8nts.
NEWRY & MOURNE MULTIPLE SCLEROSIS COMMUNITY THERAPY CENTRE LIMITED Company Limitad by Guarantee Notes to the Financial Statements Year ended 31 December 2024 General information The charity is a public benefit entity and a private company limited by guarantee, registered in Northern Ireland and a registered charity in Northern Ireland, Th& address of the registered office is Shepherd's Drive, Carnbane Industrial Estate, Newry, Co Down, 8T35 6QJ. Statement of compllance 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 Ststement of Recommended Practice applicable to charities preparing Iheir accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 1 D2) (Charities SORP (FRS 102)) and the Companies Act 2006. Accounting policies Basis of preparation The financial stalements have been prepared on the historical cost basis, as modified by the revaluation of certain financial assets and Itabilities and investment properties measured at fair value through income or expenditure. The financial statements are prepared in sterling, which is the functional currency of the entity. Going concern There are no material uncertainties about the charity's ability lo continue. Dlsclosure exemptions These accounts have been prepared in accordance with the provisions applicable to companies subject to the small companies, regime. Judgements and key sources of 8Stimation uncertainty The preparation of the financial statements requires management to make judgements, estimates and assumptions that affect the amounts reported. These estimates and judgements are continually reviewed and are based on experience and other factors, including expectations of future events that are believed to be reasonable under the circumstances.
NEWRY & MOURNE MULTIPLE SCLEROSIS COMMUNITY THERAPY CENTRE LIMITED Company Limitsd by Guarantee Notes to the Financial Statements (contynued) Year ended 31 December 2024 Account5ng pollclgs (Continued) Fund accountlng Unrestricted funds are available for use at the discretj'on 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 commitment. Restricted funds are subjected tc restrictions on their expenditure declared by the donor or through the terms of an appeal, and fall into one of hvo sub-classes,, restricted income frjnds or endowment funds. Incomlng reSoUeS All incoming resources are included in the stalement of financial activities when entitlement has passed to the charily. it is probable that the economic benefits associated with the transaction will flow lo the charity and the amount can be reliably measured. The following specific policies are applied to parlicular categories of income.. income from donations or grants is recognised 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 is probable and entitlement is established. income from donated goods 18 measured at the fair value of the 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 facilities 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. income from conlracts for the supply of services is recognised with the delivery of the contracted service. This is classified as unrestricted funds unless there is a contraclual requirement for it to be spent on a particular purpose and returned if unspenl, 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 Ststamants {continuedJ Year ended 31 December 2024 Accountlng pollcles (contlnued) R8SOUtces 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 statement of financial activities to which it relates.. expenditure on raising funds includes the costs of all fundraising aclivities, 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 that further its charitable airns for the benefit of its beneficiaries, including those support costs and costs relating to the governance of the charity apportioned to charitable activities. other expenditure includes all expenditure that is neither related to raising funds for the charity nor part of its expenditure on charitable activities, All costs sre allocated to expenditure categories reflecting the use of the resource. Direct cosls attributable to a single activity are allocated directly to that activity. Shared costs are apportioned beeen the activities they contribute to on a reasonable, justifiable and ccnsistent basis, Tangible assets Tangible assets are initially recorded at cost, and subsequently stated at cost less any accurnulated depreciation and impairment losses. Any tangible assets carried at revalued amounts are recorded at the fair value at the date of revaluation less any subsequent accumulated depreciation and subsequenl accumulated 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 statement of financial activities. A decrease in the carrying amount of an asset as a result of revaluation, is recognised in other recognised gains and losses, 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. Depre¢iatlon Depreciation is calculated so as to write off the cost or valuation Df an asset, less its residual value, over the useful economic life of that asset as follows,, Long leasehold property Plant and machinery Fixtures and fittings 2°/0 Straight line 20 % reducing balance 20 /0 reducing balance
NEWRY & MOURNE MULTIPLE SCLEROSIS COMMUNITY THERAPY CENTRE LIMITED Company Limited by Guarantee Notes to the Financial Ststements (contlnugd) Year ended 31 December 2024 Accountlng pollcle8 (conlinuedj Impalrment of flxed assets A review for indicators of impairment is carried out at each reporting date, with thè recoverable amount being estimated where such indicators exist, Where the carrying value excegds 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 il is not possible to estimate the recDverable amount of an individual asset, an estimate is made of the recoverable amount of the cash- generating unit tc which the asset belongs. The cash-generating unit 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, 10
NEWRY & MOURNE MULTIPLE SCLEROSIS COMMUNITY THERAPY CENTRE LIMITED Company Limitsd by Guarantee Notes to the Financial Statements (contlnued) Year ended 31 December 2024 Accountlng policlos (¢ontinued) Flnancial instruments A financial asset or a financial liability is recognised only when the entity becomes a party to the conlractual provisions of the instrument. Basic financial inslruments are initially recognised at the amount receivable or paable including any related transaction costs, unless the arrangement constitutes a finanGing 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 Snd not discounted. Debt instruments are subsequently measured at amortis8d cost. other financial instruments, including derivatives, are initially reGognised at fair value, unless payment for an asset is deferred beyond normal business terms or financed al a rate of interest Ihat is not a market rale, in which case the asset is measured at the present value of the fulure payments dlscounted 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 Ihe excepticn of hedging instruments in a designated hedging relationsh ip (see hedge accounting policy). Financial assets thal are measured at cosl or amortised cost are reviewed for objective evidence of impairment at the end of each reporting date. If there is objective evidence of impaiment, an impairment loss is recognised under the appropriate heading in the statement of finanGial activities in which the initial 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 either assessed individually or grouped on the basis of similar Gredit risk characteristics. Any reversals of impairment are recognised immediately, to 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 impairmenl not previously been recognised. Limited by guarantee Newry & Mourne Multiple Sclerosis Community Therapy Centre is a company limited by guarantee and accordingly does not have a share capital. 11
NEWRY & MOURNE MULTIPLE SCLEROSIS COMMUNITY THERAPY CENTRE LIMITED Company Limited by Guarantee Notas to the Financial Statements (contlnuedj Year ended 31 December 2024 Donations and legacies Unrestricted Total Funds Unrestricted Total Funds Funds 2024 Funds 2023 Donatlons Donations Dive Income 5,587 48,352 53,939 5,587 48,352 53,939 10,224 43,379 53,603 10,224 43,379 53,603 Investment income Unrestricted Total Funds Unrestricted Total Funds Funds 2024 Funds 2023 Bank interest receivable type 1 Expendlture on charitable activities by fund typ8 Unrestricted Total Funds Unrestricted Total Funds Funds 2024 Funds 2023 Activity type 1 76,S14 76,914 74,448 74,448 Expenditure on charitable activltles by activity type Activities undertaken Total funds directly 2024 Total fund 2023 Actlvity type 1 76,914 76,914 74,448 Net expenditure Net expenditure is stated after chargingl(crediting>: 2024 2023 Depreciation of tangible fixed assets 2,315 2,446 10. Independent examlnatlon fees 2024 2023 Fees payable to the independent examiner for.. Independent examination of the financial statements 500 500 12
NEWRY & MOURNE MULTIPLE SCLEROSIS COMMUNITY THERAPY CENTRE LIMITED Company Limited by Guarantse Notes to the Financial Statements (contlnued) Year endad 31 December 2024 11. Stsff costs The average head count of employees during the year was 212023: 2). The average number of full-time equivalent employees during the year is analysed as follows.. 2024 No. 2023 No. Number of staff No employee received employee benefits of more than £60,000 during the year (2023.. Nil). 12. Trustee remuneration and expenses No remuneration or other benefits from employment with the charity or a related entily were received by the trustees. 13. Tangible fixad assets Long leasehold property Plant and Fixtures and machinery fittings Total Cost At 1 January 2024 and 31 December 2024 88,982 17,081 33,465 139,528 Depreclatlon Al 1 January 2024 Charge for the year At 31 December 2024 55,180 1.780 56,960 17,062 30,814 531 103,056 2,315 105,371 17,066 31,345 Carrylng amount At 31 December 2024 32,022 33,802 15 2,120 2,651 34,157 36,472 Al 31 December 2023 19 14. Crodltors. amounts falling du8 Wlthin one year 2024 2023 Accruals and deferred income Social security and other taxes other creditors 50,049 1,332 20 35,807 1,308 26 51,401 37.141 13
NEWRY & MOURNE MULTIPLE SCLEROSIS COMMUNITY THERAPY CENTRE LIMITED Company Limltsd by Guarantee Notes to the Financial Statements (contlnued) Year ended 31 December 2024 15. Analysis of charitablft funds Unrestrlcted funds At 1 January 202 At 31 December 2024 Income Expenditure Transfers General funds 5,488 53,947 {76,914) 306 (17,173) At 1 January 202 At 31 December 2023 Income Expenditure Transfers General funds 25,950 53,605 (74,448) 381 5,488 Restrlcted fund$ At 1 January 202 At 31 December 2024 Income Expenditure Transfers Restricted Fund 1 1,526 (305) 1,221 At 1 January 202 At 31 December 2D23 Income Expenditure Transfers Restricted Fund 1 1,908 1382) 1,526 16. Analysis of net assets between funds U nrestricted Funds Restricted Total Funds Funds 2024 Tangible fixed assets Current assets 1,221 1,221 117,1731 (15,9521 (17,1731 {17,173) Net liabllities 1,221 Unrestricted Funds Restricted Total Funds Funds 2023 Tangible fixed assets Current assets 1,526 1,526 5,488 7,014 5,488 5,488 Net liabilities 1,526 14