Charity registration number 700904
Company registration number 2269526 (England and Wales)
NEURO THERAPY CENTRE LIMITED
ANNUAL REPORT AND UNAUDITED FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2024
NEURO THERAPY CENTRE LIMITED
LEGAL AND ADMINISTRATIVE INFORMATION
Trustees
Mrs L Dodd (Chair)
Mr J Brierley
Mrs B Burke
Mrs J L Eccleston
Mr D W Sanders
Mrs D J Powell
Dr H Harris
Mr N C Holladay
(Appointed 14 September 2023)
Charity number
700904
Company number
2269526
Registered office
Unit C4 Brymau One Estate
River Lane
Saltney
Chester
CH4 8RG
Independent examiner
Champion Allwoods Limited
2nd Refuge House
33-37 Watergate Row
CHESTER
CH1 2LE
Senior Management Personnel
J Johnston-Cree
NEURO THERAPY CENTRE LIMITED
CONTENTS
Page
Chair's statement
1 - 2
Trustees' report
3 - 14
Independent examiner's report
15
Statement of financial activities
16 - 17
Balance sheet
18
Statement of cash flows
19
Notes to the financial statements
20 - 34
NEURO THERAPY CENTRE LIMITED
CHAIR'S STATEMENT
FOR THE YEAR ENDED 31 MARCH 2024
- 1 -

It has been an extraordinary year at the Centre with so many positive developments ranging from the work around the new units next door to the existing Centre building through to the expansion of our services with extended opening hours on some days and an increase in the number of Members using the services together with Carers.

The full list of activities and achievements is detailed in the Directors’ Report. I think it highlights the steps and initiatives undertaken to broaden the range of services and activities available and widen access to them. This includes, as an example, recruiting new staff to support the gym and counselling services which we’ve been able to do following successful fundraising. We’re thinking ahead to the time when the new building is open and we can deliver more services in that space, notably the gym, but also the physio and general therapies area. Once the gym has moved from its existing space it will then be possible to reconfigure the current counselling area: as you can tell, there is a lot of hard work already underway to plan and implement major changes to the delivery of our therapies and services. It’s intended to make this as smooth as possible with the outcome being one Centre in two closely linked buildings, including a planned covered walkway, or canopy, if funds can be raised and consents obtained. The lynch pin and beating heart of the Centre will still be the café space but it will be redesigned and refreshed to provide a great place to meet, talk and relax but also somewhere providing a place for peace and quiet. Looking ahead, ideally we would like to move onto the refurbishment of the existing building as soon as possible but we need to raise the money first. I know it can be done, as shown through the fundraising campaign for the new building, but it takes time and a lot of hard work; we have been very fortunate to have received support from a wide range of donors, especially four local and regional charitable trusts without whom the work on the first phase would have taken much longer.

Turning to the financial outcomes to 31st March 2024, we have achieved a surplus of just over £50.6k (2023 surplus £72.5k). This is a good outcome and reflects the success of the campaign to raise funds for the new building and some of the associated costs as well as income streams and donations to cover our day to day service delivery but I have to caveat this with the outlook for what is now the current year 2024/25.

There have been considerable challenges along the way and some of these, notably the financial headwinds we face raising the all important day to day funding needed to maintain services and pay our way, remain a key objective and concern. Although inflation is now at a substantially lower level compared with the same period last year the costs to run the Centre continue to increase. The Trustees are also very aware of the impact of the cost of living on our staff and our Members. It is also important to look at the external employment context with the impact of the rise in the Real Living Wage rate and the need to remain competitive with the NHS pay band scales. As a consequence, the Trustees have taken the decision to raise salaries for 2023/24, reflecting these factors which add considerably to the overall costs of running the Centre and, to maintain sustainability, is something we can’t afford to do at the same level again in the coming years.

This will be a financially challenging year in 2024/25 with anticipated expenditure of £809k. Funding is tight for day to day running costs and our general reserves are below the level we should be aiming to achieve (see Reserves Policy and Going Concern Statement in the Report & Accounts below). It is always difficult at the start of the financial year to be more precise but we need to concentrate on fundraising for our existing and expanding services from as wide a range of sources as possible. The capital campaign has been a success to date but additional funds are needed to undertake the work on the refurbishment of the existing building; this fundraising will continue but the main focus now has to be covering the operational costs of the Centre and improve cash levels to meet that expenditure. Our fundraising target to match expenditure at 1st April, in addition to known income, was around £300k and I’m pleased to report, as I write, that steady progress is being made to work towards this figure.

I am very grateful for all the support provided by fellow Trustees over the past year and I want to thank Michael Robinson who, as Treasurer, has provided invaluable help over the past 4 years, but he resigned earlier this year due to his increased work commitments. Other Trustees have provided their skills and time dealing with the plans for the new building; guidance on structuring and adapting to service delivery growth in the expanded Centre; and providing a listening ear, not just for me but also for senior management and staff. As ever, grateful thanks go to all our staff and the volunteers for all their hard work, commitment and cheerful way of helping Members, Carers and visitors. I need to mention one person who has just retired at the end of June- Katie Roebuck, our lead fundraiser without whom much of what we’ve achieved and planned for would have proved so much more difficult.

NEURO THERAPY CENTRE LIMITED
CHAIR'S STATEMENT
FOR THE YEAR ENDED 31 MARCH 2024
- 2 -

Finally, but far from least, thanks must go to our Members for all your support, encouragement and understanding, especially at a time of change, exciting though that is. You play such an important role not only as users of the services available to you but also as ambassadors, telling the outside world what the Neuro Therapy Centre does, what it means to you and why it is such a special place.

It’s an exciting year ahead, despite the challenges, with a lot to look forward to.

..............................

Chair

Dated: .........................
NEURO THERAPY CENTRE LIMITED
TRUSTEES' REPORT (INCLUDING DIRECTORS' REPORT)
FOR THE YEAR ENDED 31 MARCH 2024
- 3 -

The Trustees present their annual report and financial statements for the year ended 31 March 2024.

The financial statements have been prepared in accordance with the accounting policies set out in note 1 to the financial statements and comply with the charity's governing document, the Companies Act 2006 and "Accounting and Reporting by Charities: Statement of Recommended Practice applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) (effective 1 January 2019)".

Objectives and activities

Aims, including details of issues/changes we seek to tackle/make

 

Over the last year we have worked hard to ensure that everything we do is aimed at improving the way we deliver our services and organise ourselves for our members benefit. Our approach to community rehabilitation supports people living with neurological conditions (PlwNC) enabling them to access tailored exercise and mental wellbeing support at a time and place that they choose, and very much aligns with the NHS Long-term plan and the Community Rehabilitation Alliance Best Practice Standards.

Our vision is ‘Living the best Neuro Life’, and through promoting ‘self-help’ and providing preventative support through access to regular and affordable services, our mission is to,

‘Improve the quality of life for people impacted by Neurological Conditions through tailored and inclusive services which support physical and emotional wellbeing’.

 

Our strategic initiatives for achieving our stated aims and objectives are,

 

1.    Develop service offering

 

2.    Re-position and market the Neuro Therapy Centre

 

3.    Membership expansion

NEURO THERAPY CENTRE LIMITED
TRUSTEES' REPORT (INCLUDING DIRECTORS' REPORT) (CONTINUED)
FOR THE YEAR ENDED 31 MARCH 2024
- 4 -

4.     Income Diversification

 

5.    Impact Measurement

 

6.    Organisational Re-Design

 

These strategic initiatives are underpinned and supported by:             

NEURO THERAPY CENTRE LIMITED
TRUSTEES' REPORT (INCLUDING DIRECTORS' REPORT) (CONTINUED)
FOR THE YEAR ENDED 31 MARCH 2024
- 5 -

Measures used to assess our impact and success during the year:

 

Operational Plan. This is reviewed regularly by management and Trustees to check we are on track in terms of service delivery, our financial health including fund raising, and corporate governance.

 

Annual Survey. We aim to ask our members their views about service delivery, what works for them, or not, and ideas on how to improve our provision. It helps to highlight the main areas of interest and concerns our members might have and how we could address these issues.

 

Testimonials and Case Studies. These help us to understand where our services and their delivery have gone well but also what lessons can be learned about improving those services and focusing on what members want, both PlwNC and Carers.

 

Anecdotal evidence and video story-telling helps to underpin the messages received from all the above but can also highlight areas where further research and information gathering might be needed, for example, to support new initiatives around services offered.

 

Monitoring reports to statutory bodies provides hard evidence of the levels of work undertaken, its quality and impact on the users of our services.

 

Continued use of the Neuro Star, a self-assessment tool which helps identify areas where additional support may be needed.

 

Significant activities undertaken. How they contribute to the achievement of our aims and objectives

 

NEURO THERAPY CENTRE LIMITED
TRUSTEES' REPORT (INCLUDING DIRECTORS' REPORT) (CONTINUED)
FOR THE YEAR ENDED 31 MARCH 2024
- 6 -

 

Financial Footing Focus

 

 

Other

Significance of volunteers in our activities

Since the resumption of face to face services the commitment to volunteering remains very strong within the NTC and we have been delighted to welcome back ‘old volunteers’ as well as recruit new ones to help in the delivery of Oxygen therapy sessions, assisting in the coffee room, or delivering a telephone support service as part of our Listening Service which is available to any member who needs some additional support.

We help to develop the skills of our Volunteers through our connections with the local Councils for Voluntary Action, and we are working with NEWCIS (North East Wales Carers Information Service) to help Carers to develop skills.

Current volunteering opportunities at the NTC include the following areas:

Running of the sessions in our oxygen bara-chamber

Fund-raising activities including individual challenge events, raffles, and Fashion Show

Involvement in the development of the Centre through the role of Trustee

Delivery of our Listening programme to provide peer support for mental wellbeing

Coffee room support

Physio support

We also provide regular opportunities for students from Glyndwr and Keele Universities to gain valuable hands-on experience of working with people with neurological conditions through their physiotherapy graduate programme.

NEURO THERAPY CENTRE LIMITED
TRUSTEES' REPORT (INCLUDING DIRECTORS' REPORT) (CONTINUED)
FOR THE YEAR ENDED 31 MARCH 2024
- 7 -

Main activities undertaken to further the charity’s purposes for public benefit

 

As detailed in our Memorandum of Association, the main object of the NTC is:

To aid and improve for the public benefit in the Area of Benefit the condition of those suffering from: -

  1. Multiple Sclerosis, Parkinson’s disease or other long-term degenerative neurological conditions or

  2. other symptoms or conditions who in the opinion of their medical advisors may benefit from therapy which is available to those persons suffering from long-term degenerative neurological conditions

 

In line with Charity Commission guidance, this meets the test of public benefit under the heading of ‘the advancement of health or the saving of lives’. As a self-referral organisation people choose to use our services, and it is our policy never to turn away anyone who can benefit from the therapies and support that we provide, which are referred to in our Annual Financial Statement.

 

Details of short-term and longer-term aims and objectives.

 

The last 12 months have seen services return fully to face to face delivery, with the majority of service users preferring the opportunity to socialise and meet up in person over the virtual offer. The virtual services, however remain part of our core delivery as they offer people choice, and can fit in well with those who are still working. They have also allowed us to promote our Organisational membership which is being used by our partners in the Access to Exercise and Wellbeing project (AtoEW) as well as MS Cymru.

 

Short Term:

 

a) Expansion of face-to-face services as follows:

- Group/1:1 physiotherapy-based classes and Gym based fitness sessions now available over extended hours on Mondays and Wednesdays

- Larger gym will allow more people to benefit from the opportunities provided, and will hopefully encourage more Carers to invest in their own physical well-being

- Volunteering opportunities - to support a range of services

- The introduction of more creative sessions, enabling people to try new skills or use existing skills in a different way

- Listening Programme - peer support from trained NTC volunteers; helps develop strategies, skills, confidence to empower individuals to deal with the challenges faced; removes isolation; accessible through face-to-face/phone/virtual delivery

- Information & Advice - regular communications to keep people connected, promote participation; signpost to other agencies

 

 

 

b) Continued delivery of ‘Virtual Centre’:

NEURO THERAPY CENTRE LIMITED
TRUSTEES' REPORT (INCLUDING DIRECTORS' REPORT) (CONTINUED)
FOR THE YEAR ENDED 31 MARCH 2024
- 8 -

Medium to Long Term:

 

- Reconfiguration and refurbishment of existing space

- Expanded coffee room and kitchen to improve facilities for our service users

 

 

Achievements and performance

 

NEURO THERAPY CENTRE LIMITED
TRUSTEES' REPORT (INCLUDING DIRECTORS' REPORT) (CONTINUED)
FOR THE YEAR ENDED 31 MARCH 2024
- 9 -

Impact

 

100% of respondents agreed that the Centre is a safe place, and that they particularly benefited from:

98% of respondents agreed that the support the Centre provides has a positive impact on their life

83% attend the Centre to maintain, improve or slow the decline of their physical health

75% attend the Centre to maintain, improve or slow the decline of their independence

71% attend the Centre to improve their mental/emotional wellbeing

85% reported that NTC has helped reduce their reliance on NHS services or additional medical assistance

 

Respondents told us that being a member of NTC makes them feel:

 

Our primary aims for both PlwNC and their Carers are:

 

By supporting both physical health and mental wellbeing we help our service users ‘Live their best neuro life’ and make the following difference to our beneficiaries:

a) People living with a neurological condition:

NEURO THERAPY CENTRE LIMITED
TRUSTEES' REPORT (INCLUDING DIRECTORS' REPORT) (CONTINUED)
FOR THE YEAR ENDED 31 MARCH 2024
- 10 -

b)    Carers and wider family:

 

c)    Wider Impact of our Project – social value:

 

Sustainability

 

The past 12 months has seen us launch a fundraising campaign to allow us to develop the building adjacent to our existing premises. The majority of the money raised has been donated by 4 local trusts who were already familiar with the work that we do. These donations have allowed us to complete the building works and create a gym which is three times the size of our existing one. A new physio studio has also been created along with two treatment rooms for 1:1 sessions.

The equipment to furnish the new gym has required additional funding applications so that we can create a facility where we will be able to challenge our users whatever their physical ability.

We will then embark on a programme to develop our existing site in order to accommodate a larger counselling area and coffee room for the benefit of our members. Increased space will require increased resources to meet the demand and we have a planned recruitment programme to run in tandem with the refurbishment.

In order to succeed with these plans, we have also invested in the fundraising and marketing team, to give them greater capacity to reach new markets and to achieve an ambitious fundraising target.

 

Innovation

We have successfully, and safely transitioned from restricted face to face services to pre-pandemic service delivery levels, and have introduced a wider choice of services through use of our website to host virtual sessions, and through expanded opening hours. Retaining virtual delivery methods as a core service helps us to engage better with those who are unable to attend the Centre itself, whether it’s through the impact of their condition, travel constraints or financial constraints. It has also enabled us to look at new markets and through our AtoEW work will see us increase the number of people who are accessing virtual services through partnership working (and the rolling out of an Organisational membership category).

Our staff have had to adapt over the last few years and we have developed a blended way of working which offers more flexibility for some roles and has resulted in more efficient use of existing systems to enable us to make informed decisions based on evidence. This in turn gives us better insight and drives efficiencies so that we can operate more effectively, and respond to change, putting us in a stronger position to be able to focus more on planned growth.

NEURO THERAPY CENTRE LIMITED
TRUSTEES' REPORT (INCLUDING DIRECTORS' REPORT) (CONTINUED)
FOR THE YEAR ENDED 31 MARCH 2024
- 11 -
Financial review

The Trustees are committed to protecting and managing our financial resources in an effective and transparent way. In order to achieve this, we aim to maintain a reserve level of at least 6 months of our budgeted annual expenditure. The reserve level is considered to be the total of free unrestricted reserves plus any restricted income covering salaries and other operating costs that has already been received.

The Trustees regularly review this policy and the level achieved to ensure that it remains appropriate.

For clarity the reserves level does not include unrestricted funds allocated to fixed assets, nor does it include designated funds set aside by the Trustees to meet future projects that could not be funded from future income.

The reserves are monitored on an ongoing basis to ensure that they are being managed in accordance with what is agreed and this is regularly reported to the Board of Trustees.

If it is deemed that there will be an on-going failure to meet the reserves target then a plan will be drawn up to develop new sources of income or cut back on related expenditure.

Our budget for the coming year ending 31 March 2025 has expenditure of £809,058 (2024: £666,076).

Our free reserves at 31 March 2024 were £188,244 (2023: £196,730). In addition to this, £100,097 (2023: £65,017) of the restricted funds total of £245,267 (2023: £127,528) will contribute to the budgeted expenditure. Restricted funds also include £54,168 (2023: £Nil) associated to the expansion project.

The total contribution towards next years budgeted expenditure is £288,321 (2023: £261,747), which equates to 4.2 months (2023: 4.7 months).

The Trustees are always aware that the budget set for each year presents its own set of challenges. Budgeted expenditure has been calculated, and throughout the year, the fundraising team work through the task of sourcing the necessary funding to meet both anticipated and unforeseen costs. Some costs, such as service delivery employment expenditure, are potentially easier to fund through bid applications to relevant Trusts and Foundations although success cannot be guaranteed. It is more difficult to obtain unrestricted grants and funds which would help cover the costs of general administration and fixed overheads; these are generally covered by income generated from sponsored fundraising events, member donations, café sales, legacies and any other form of unrestricted cash. Every year it is so important for us to find and secure new funding sources but also maintain and reconnect our links with past donors to seek their continued support. Our expanded fundraising team has enabled us to do exactly that, developing and tapping into new income sources and building up the profile of the Centre within the wider community both locally and the broader geographical area we serve.

By cultivating a diverse range of funding streams that are consistently sustained, we can ensure the Centre's long-term viability. The annual budget is designed to facilitate investment and maintain an exceptional level of service to our members, encompassing both the physical and virtual offerings.

It is never certain what income we will receive nor what unexpected costs could be around the corner. Therefore, the finance team, finance committee, and Trustees monitor the financial position on a regular basis, enabling decisions to use and safeguard available funds.

The Trustees acknowledge that the Neuro Therapy Centre has fallen short of meeting the minimum reserves level outlined in its own policy in recent years. Attaining this minimum reserves threshold remains a long-term objective for the Trustees, as we strive to fortify the Centre's financial stability.

Our restricted funds, standing at £245,267 (2023: £127,528), are subject to specific conditions required by the donor or by the specific terms of the appeal which generated the funds. These funds are applied as soon as practicable, as shown in the movement of restricted income during the year.

Our designated funds have decreased to £20,000 (2023: £122,481). The medium to longer term strategy of the Centre has been to improve our property facilities, enhance our current service provision and develop services further. Funds received from a legacy a number of years ago had been designated by Trustees for the future development of the Centre. At the end of 2022 the Trustees approved the use of up to £80,000 to begin the renovation work required on the building unit adjacent to the existing Centre as part of our expansion project. The amount of designated funds used by the end of the first phase of work totalled £58,338 and, as the main purpose for the designated fund had been achieved, Trustees agreed at the end of 2023 that the balance left in the designated fund should be reduced and £44,143 should be moved to unrestricted funds for general use.

NEURO THERAPY CENTRE LIMITED
TRUSTEES' REPORT (INCLUDING DIRECTORS' REPORT) (CONTINUED)
FOR THE YEAR ENDED 31 MARCH 2024
- 12 -

Summary of Reserves

2024              2023

£              £

Restricted funds                  245,267         127,528

Unrestricted funds - allocated to fixed assets     124,165          80,304

Unrestricted funds - free reserves         188,224          196,730

Designated funds                 20,000          122,481

Total                      577,657          527,043

The Trustees have approved the use of some of those designated funds towards a project to utilise an increased property footprint and associated facilities for use by members. This use of funds has allowed work to begin on early stages of the project allowing potential funders to see the commitment being made by the Centre.

The Trustees have decided to continue to designate the remaining funds for these purposes but are mindful that there may be a need to utilise designated funds, if required, to cover the operation of the Centre.

Structure, governance and management

The company is limited by guarantee, and was incorporated under the Companies Act 2006. Its governing document is its Articles of Association updated 16 September 2021. The company is registered as a charity by the Charity Commissioners – Number 700904. In line with our Rules of Membership those who use the services of the Centre become a member and are thereby entitled to contribute to the way the Centre is run through participation at general meetings.

 

There were 481 fully paid up members at the year end, each of whom is required to contribute up to £10 in the event of the charity winding up. The membership figure has increased compared to the previous year, and we anticipate further growth as our new strategy is implemented over the next financial year and beyond. The last 12 months has allowed us to introduce rolling membership renewal dates and whilst these work for many members, there remains 52 who may need a different approach in order to renew which is currently being reviewed to understand their needs. As restrictions have lifted it has been encouraging to see many members returning to the Centre which demonstrates the importance of our service.

The Trustees, who are also the directors for the purpose of company law, and who served during the year and up to the date of signature of the financial statements were:

Mrs L Dodd (Chair)
Mr J Brierley
Mrs B Burke
Mrs J L Eccleston
Mr D W Sanders
Mrs J L Perry
(Resigned 15 August 2023)
Mr M G D Robinson (Treasurer)
(Resigned 25 March 2024)
Mrs D J Powell
Dr H Harris
Mr N C Holladay
(Appointed 14 September 2023)

Trustees are appointed by member vote at the Annual General Meeting; the minimum number of Trustees is 3 and one third of their number is required to retire and seek election upon their third anniversary of appointment. As part our governance and following the Charity Excellence Framework (CEF), the Trustees have reviewed their skill sets and this makes it possible to determine where there may be deficiencies in the overall skills required. Training and induction processes for Trustees are also being reviewed upon the basis of requirements. None of our Trustees receive any remuneration or other benefit from their work for the charity.

NEURO THERAPY CENTRE LIMITED
TRUSTEES' REPORT (INCLUDING DIRECTORS' REPORT) (CONTINUED)
FOR THE YEAR ENDED 31 MARCH 2024
- 13 -

The Centre Management Team (CMT), reporting to the Chief Executive Officer, has continued to provide co-ordinated development and action in the key areas of activity supporting the overall operation of the Centre; those areas are Therapies & Services, Fundraising, Marketing & Communications, Member Services and Finance. The CMT has continued to demonstrate the flexibility required to adapt to rapidly changing circumstances whilst continuing to put future growth and membership choice at its heart. Key areas of work in the last 12 months which demonstrate this ability have included the launch, and near completion of a Capital Campaign to re-develop and fit out the new building next door, planning and recruitment of a new Trust and Foundations fundraiser, in preparation for the retirement of Katie after 18 years with us, and the ability to take on new areas of work as needed as a result of staff changes.

The CMT continues to work with the Trustees to agree and implement our strategic aims as well as oversee the operational activities of the Centre. They also work towards continuous improvement through critical analysis of the systems and processes currently used in order to work more efficiently and ensure that they have the correct information on which to make recommendations, and base decisions on.

The pay of senior staff is reviewed annually on terms which do not vary from those which apply to all other paid staff.

NEURO THERAPY CENTRE LIMITED
TRUSTEES' REPORT (INCLUDING DIRECTORS' REPORT) (CONTINUED)
FOR THE YEAR ENDED 31 MARCH 2024
- 14 -
Statement of Trustees' responsibilities

The Trustees, who are also the directors of Neuro Therapy Centre Limited for the purpose of company law, are responsible for preparing the Trustees' Report and the financial statements in accordance with applicable law and United Kingdom Accounting Standards (United Kingdom Generally Accepted Accounting Practice).

 

Company Law requires the Trustees to prepare financial statements for each financial year which give a true and fair view of the state of affairs of the charity and of the incoming resources and application of resources, including the income and expenditure, of the charitable company for that year.

 

In preparing these financial statements, the Trustees are required to:

 

- select suitable accounting policies and then apply them consistently;

 

- observe the methods and principles in the Charities SORP;

 

- make judgements and estimates that are reasonable and prudent;

 

- state whether applicable UK Accounting Standards have been followed, subject to any material departures disclosed and explained in the financial statements; and

 

- prepare the financial statements on the going concern basis unless it is inappropriate to presume that the charity will continue in operation.

 

The Trustees are responsible for keeping adequate accounting records that disclose with reasonable accuracy at any time the financial position of the charity and enable them to ensure that the financial statements comply with the Companies Act 2006. They are also responsible for safeguarding the assets of the charity and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities.

The Trustees' report was approved by the Board of Trustees.

Mrs L Dodd (Chair)
Trustee
Dated: 11 September 2024
NEURO THERAPY CENTRE LIMITED
INDEPENDENT EXAMINER'S REPORT
TO THE TRUSTEES OF NEURO THERAPY CENTRE LIMITED
- 15 -

I report to the Trustees on my examination of the financial statements of Neuro Therapy Centre Limited (the charity) for the year ended 31 March 2024.

Responsibilities and basis of report

As the Trustees of the charity (and also its directors for the purposes of company law) you are responsible for the preparation of the financial statements in accordance with the requirements of the Companies Act 2006 (the 2006 Act).

Having satisfied myself that the financial statements of the charity 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 carried out under section 145 of the Charities Act 2011 (the 2011 Act). In carrying out my examination I have followed all the applicable Directions given by the Charity Commission under section 145(5)(b) of the 2011 Act.

Independent examiner's statement

Since the charity’s gross income exceeded £250,000 your examiner must be a member of a body listed in section 145 of the 2011 Act. I confirm that I am qualified to undertake the examination because I am a member of the ICAEW, which is one of the listed bodies.

I have completed my examination. I confirm that no matters have come to my attention in connection with the examination giving me cause to believe that in any material respect:

1

accounting records were not kept in respect of the charity as required by section 386 of the 2006 Act; or

2

the financial statements do not accord with those records; or

3

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 fair view which is not a matter considered as part of an independent examination; or

4

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 charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102).

I have no concerns and have come across no other matters in connection with the examination to which attention should be drawn in this report in order to enable a proper understanding of the financial statements to be reached.

Susan Harris MA ACA
Champion Allwoods Limited
Refuge House
33-37 Watergate Row
Chester
CH1 2LE
Dated: 11 September 2024
NEURO THERAPY CENTRE LIMITED
STATEMENT OF FINANCIAL ACTIVITIES
INCLUDING INCOME AND EXPENDITURE ACCOUNT
FOR THE YEAR ENDED 31 MARCH 2024
- 16 -
Current financial year
Unrestricted
Unrestricted
Restricted
Total
Total
funds
funds
funds
general
designated
2024
2024
2024
2024
2023
Notes
£
£
£
£
£
Income from:
Donations and legacies
3
161,961
1,197
-
163,158
226,798
Charitable activities
4
146,471
-
417,618
564,089
404,024
Other trading activities
5
46,020
-
-
46,020
37,603

Investments

6
5,142
-
-
5,142
2,655
Total income
359,594
1,197
417,618
778,409
671,080
Expenditure on:

Raising funds

7
27,556
-
-
27,556
9,408
Charitable activities
8
391,441
-
297,398
688,839
587,987
Other
13
8,919
-
2,481
11,400
1,132
Total resources expended
427,916
-
299,879
727,795
598,527
Net (outgoing)/incoming resources before transfers
(68,322)
1,197
117,739
50,614
72,553
Gross transfers between funds
103,677
(103,677)
-
-
-
Net income for the year/
Net movement in funds
35,355
(102,480)
117,739
50,614
72,553
Fund balances at 1 April 2023
277,034
122,480
127,528
527,042
454,490
Fund balances at 31 March 2024
312,389
20,000
245,267
577,656
527,043

The statement of financial activities includes all gains and losses recognised in the year.

The statement of financial activities includes all gains and losses recognised in the year. All income and expenditure derive from continuing activities.

The statement of financial activities also complies with the requirements for an income and expenditure account under the Companies Act 2006.
NEURO THERAPY CENTRE LIMITED
STATEMENT OF FINANCIAL ACTIVITIES (CONTINUED)
INCLUDING INCOME AND EXPENDITURE ACCOUNT
FOR THE YEAR ENDED 31 MARCH 2024
- 17 -
Prior financial year
Unrestricted
Unrestricted
Restricted
Total
funds
funds
funds
general
designated
2023
2023
2023
2023
Notes
£
£
£
£
Income from:
Donations and legacies
3
217,275
1,168
8,355
226,798
Charitable activities
4
138,457
-
265,567
404,024
Other trading activities
5
37,603
-
-
37,603

Investments

6
2,655
-
-
2,655
Total income
395,990
1,168
273,922
671,080
Expenditure on:

Raising funds

7
9,408
-
-
9,408
Charitable activities
8
363,432
-
224,555
587,987
Other
13
1,132
-
-
1,132
Total resources expended
373,972
-
224,555
598,527
Net (outgoing)/incoming resources before transfers
22,018
1,168
49,367
72,553
Net income for the year/
Net movement in funds
22,018
1,168
49,367
72,553
Fund balances at 1 April 2022
255,016
121,313
78,161
454,490
Fund balances at 31 March 2023
277,034
122,481
127,528
527,043

The statement of financial activities includes all gains and losses recognised in the year.

The statement of financial activities includes all gains and losses recognised in the year. All income and expenditure derive from continuing activities.

The statement of financial activities also complies with the requirements for an income and expenditure account under the Companies Act 2006.
NEURO THERAPY CENTRE LIMITED
BALANCE SHEET
AS AT
31 MARCH 2024
31 March 2024
- 18 -
2024
2023
Notes
£
£
£
£
Fixed assets
Tangible assets
14
210,893
137,567
Current assets
Debtors
15
24,307
17,805
Cash at bank and in hand
375,631
422,290
399,938
440,095
Creditors: amounts falling due within one year
16
(33,175)
(50,619)
Net current assets
366,763
389,476
Total assets less current liabilities
577,656
527,043
Net assets excluding pension liability
577,656
527,043
The funds of the charity
Restricted income funds
19
245,267
127,528
Unrestricted funds - general
312,389
277,034
Unrestricted funds - designated
20,000
122,481
577,656
527,043

The company is entitled to the exemption from the audit requirement contained in section 477 of the Companies Act 2006, for the year ended 31 March 2024.

The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.

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.

These financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies regime.

The financial statements were approved by the Trustees on 11 September 2024
Mrs L Dodd (Chair)
Trustee
Company registration number 2269526 (England and Wales)
NEURO THERAPY CENTRE LIMITED
STATEMENT OF CASH FLOWS
FOR THE YEAR ENDED 31 MARCH 2024
- 19 -
2024
2023
Notes
£
£
£
£
Cash flows from operating activities
Cash generated from operations
23
49,718
115,950
Investing activities
Purchase of tangible fixed assets
(101,519)
(32,640)
Investment income received
5,142
2,655
Net cash used in investing activities
(96,377)
(29,985)
Net cash used in financing activities
-
-
Net (decrease)/increase in cash and cash equivalents
(46,659)
85,965
Cash and cash equivalents at beginning of year
422,290
336,325
Cash and cash equivalents at end of year
375,631
422,290
NEURO THERAPY CENTRE LIMITED
NOTES TO THE  FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2024
- 20 -
1
Accounting policies
Charity information

Neuro Therapy Centre Limited is a private company limited by guarantee incorporated in England and Wales. The registered office is Unit C4 Brymau One Estate, River Lane, Saltney, Chester, CH4 8RG.

1.1
Accounting convention

The financial statements have been prepared in accordance with the Charities SORP (FRS 102), the Companies Act 2006 and "Accounting and Reporting by Charities: Statement of Recommended Practice applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) (effective 1 January 2019)". The charity is a Public Benefit Entity as defined by FRS 102.

The financial statements are prepared in sterling, which is the functional currency of the charity. Monetary amounts in these financial statements are rounded to the nearest £.

The financial statements have been prepared under the historical cost convention.

1.2
Going concern

The Trustees have reviewed the initial budget forecasts for the 2024/25 financial year, which predicts another significant fundraising target for the coming year. It is customary for the Neuro Therapy Centre to anticipate a projected gap between expenditure and known income at the beginning of the financial year. The shortfall between projected income and expenditure has historically been covered through fundraising efforts plus additional trust and grant applications, although this can never be guaranteed. A comprehensive plan is always in place to actively pursue various sources of income throughout the year, contributing towards achieving funding the budget set for the year.

The primary risk that the Centre has encountered and continues to face is the potential loss of income from the services it provides. Ultimately, the risk is that a service will be committed to be provided but a way to fund that service is not found. To mitigate that risk, the Centre continuously strives to secure funding from a wide range of sources while always monitoring and managing costs. The services provided are free of cost when provided, but the actual cost of providing the service and suggested donations are always highlighted within the Centre and in marketing materials.

In addition to the usual budget for the ongoing operation of the Centre, the project to increase the service provision and capacity of the Centre continues. This includes the expansion of the floor space occupied. As a result, separate budgets are being kept to ensure that appropriate funding can be obtained. There is a risk that funding could not be found to complete this project as intended and to mitigate any financial risk the project is being implemented in stages with continuous review. The first phase of work within the new building providing the expanded floor space has been fully funded and completed end June 2024. The next stage of the project, the existing Centre floor space, remains at risk if funding cannot be found.

The Trustees and the sub finance group continue to meet regularly throughout the year to carefully monitor the financial position of the Centre and seek outside advice as and when required.

In reaching their conclusion, the Trustees have reviewed the charity’s monthly cash flows, applied sensitivity analyses as appropriate, and considered the possibility of longer-term funding sources including inter year grants and legacies.

As a result of the actions taken and after consideration of all factors, the Trustees consider that no material uncertainty exists and they continue to adopt the going concern basis in preparing the financial statements.

 

1.3
Charitable funds

Unrestricted funds are available for use at the discretion of the Trustees in furtherance of their charitable objectives.

NEURO THERAPY CENTRE LIMITED
NOTES TO THE  FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 MARCH 2024
1
Accounting policies
(Continued)
- 21 -

Designated funds comprise funds which have been set aside at the discretion of the Trustees for specific purposes. The purposes and uses of the designated funds are for the improvement of property facilities and enhancement of the current service provision.

Restricted funds are subject to specific conditions by donors or grantors as to how they may be used. The purposes and uses of the restricted funds are set out in the notes to the financial statements.

1.4
Income

Donations and legacies are recognised and included in the accounts when the charity is entitled to the income, receipt is probable and the amount can be measured reliably.

Grants receivable are credited to the Statement of Financial Activities in the year in which they are due and when any performance conditions have been met.

Membership subscriptions are accounted for when received, unless they are received in advance of the year to which they relate, in which case they are included in deferred income.

Assets for distribution are recognised only when distributed. Assets given for use by the charity are recognised when receivable. Stocks of undistributed donated goods are not valued for balance sheet purposes.
1.5
Expenditure

Resources expended are included in the Statement of Financial Activities on an accruals basis, inclusive of VAT which cannot be recovered. Expenditure is recognised when there is a legal and constructive obligation to pay, it is probable that settlement will be required and the amount can be measured reliably.

 

Support costs are those functions that assist the work of the charity but do not directly undertake charitable activities. Support costs include general office costs, staff costs, property costs and governance costs which support the charity’s activities. These costs have been allocated to expenditure on charitable activities. The bases on which support costs have been allocated are set out in the support costs note to the accounts.

1.6
Tangible fixed assets

Tangible fixed assets are initially measured at cost and subsequently measured at cost or valuation, net of depreciation and any impairment losses.

Depreciation is recognised so as to write off the cost or valuation of assets less their residual values over their useful lives on the following bases:

Leasehold improvements
10% per annum - straight line
Units 1 & 2
10% per annum - straight line
Pressure Chamber
10% per annum - reducing balance
Equipment
10% and 20% per annum - reducing balance

The gain or loss arising on the disposal of an asset is determined as the difference between the sale proceeds and the carrying value of the asset, and is recognised in the statement of financial activities.

1.7
Impairment of fixed assets

At each reporting end date, the charity reviews the carrying amounts of its tangible assets to determine whether there is any indication that those assets have suffered an impairment loss. If any such indication exists, the recoverable amount of the asset is estimated in order to determine the extent of the impairment loss (if any).

NEURO THERAPY CENTRE LIMITED
NOTES TO THE  FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 MARCH 2024
1
Accounting policies
(Continued)
- 22 -
1.8
Cash and cash equivalents

Cash and cash equivalents include cash in hand, deposits held at call with banks, other short-term liquid investments with original maturities of three months or less, and bank overdrafts. Bank overdrafts are shown within borrowings in current liabilities.

1.9
Financial instruments

The charity has elected to apply the provisions of Section 11 ‘Basic Financial Instruments’ and Section 12 ‘Other Financial Instruments Issues’ of FRS 102 to all of its financial instruments.

 

Financial instruments are recognised in the charity's balance sheet when the charity becomes party to the contractual provisions of the instrument.

 

Financial assets and liabilities are offset, with the net amounts presented in the financial statements, when there is a legally enforceable right to set off the recognised amounts and there is an intention to settle on a net basis or to realise the asset and settle the liability simultaneously.

1.10
Employee benefits

The cost of any unused holiday entitlement is recognised in the period in which the employee’s services are received.

 

Termination benefits are recognised immediately as an expense when the charity is demonstrably committed to terminate the employment of an employee or to provide termination benefits.

1.11
Retirement benefits

Payments to defined contribution retirement benefit schemes are charged as an expense as they fall due.

2
Critical accounting estimates and judgements

In the application of the charity’s accounting policies, the Trustees are required to make judgements, estimates and assumptions about the carrying amount of assets and liabilities that are not readily apparent from other sources. The estimates and associated assumptions are based on historical experience and other factors that are considered to be relevant. Actual results may differ from these estimates. The Trustees consider that there were no judgements or estimates that have a significant impact on the accounts.

 

The estimates and underlying assumptions are reviewed on an ongoing basis. Revisions to accounting estimates are recognised in the period in which the estimate is revised where the revision affects only that period, or in the period of the revision and future periods where the revision affects both current and future periods.

NEURO THERAPY CENTRE LIMITED
NOTES TO THE  FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 MARCH 2024
- 23 -
3
Donations and legacies
Unrestricted
Unrestricted
Restricted
Total
Total
funds
funds
funds
general
designated
2024
2024
2024
2024
2023
£
£
£
£
£
Personal donations
86,912
1,197
-
88,109
189,660
Legacies and bequests
11,874
-
-
11,874
2,557

Corporate donations

50,552
-
-
50,552
24,907
Membership fees
12,623
-
-
12,623
9,674
161,961
1,197
-
163,158
226,798
For the year ended 31 March 2023
217,275
1,168
8,355
226,798
4
Income from charitable activities
Unrestricted
Restricted
Total
Unrestricted
Restricted
Total
funds
funds
funds
funds
2024
2024
2024
2023
2023
2023
£
£
£
£
£
£
Services provided under contract
119,487
-
119,487
119,487
-
119,487

Provisions of services

26,984
-
26,984
18,970
-
18,970

Local authority grants

-
63,051
63,051
-
46,620
46,620

Local Health authority grant

-
20,810
20,810
-
20,810
20,810

Trusts and Foundations

-
333,757
333,757
-
198,137
198,137
146,471
417,618
564,089
138,457
265,567
404,024
5
Other trading activities
Unrestricted
Unrestricted
funds
funds
general
general
2024
2023
£
£
Fundraising events
24,564
24,879

Sale of provisions

21,456
12,724
Other trading activities
46,020
37,603
NEURO THERAPY CENTRE LIMITED
NOTES TO THE  FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 MARCH 2024
- 24 -
6

Investments

Unrestricted
Unrestricted
funds
funds
general
general
2024
2023
£
£

Interest received

5,142
2,655
7
Expenditure on raising funds
Unrestricted
Unrestricted
funds
funds
general
general
2024
2023
£
£
Fundraising and publicity

Fundraising costs

6,293
5,656

Items for resale

6,701
3,752
Fundraising agents
14,562
-
Fundraising and publicity
27,556
9,408
27,556
9,408
NEURO THERAPY CENTRE LIMITED
NOTES TO THE  FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 MARCH 2024
- 25 -
8
Charitable activities

Treatments therapies

Provision of care

Total
2024

Treatments therapies

Provision of care

Total
2023
2024
2024
2023
2023
£
£
£
£
£
£
Staff costs
183,533
40,288
223,821
162,401
45,805
208,206
Depreciation and impairment
8,396
8,396
16,792
7,443
7,443
14,886

Travel, training and recruitment

15,998
3,511
19,509
12,225
3,448
15,673

Treatment and therapies

11,359
-
11,359
6,665
-
6,665
219,286
52,195
271,481
188,734
56,696
245,430
Share of support costs (see note 9)
339,196
74,920
414,116
263,840
75,617
339,457
Share of governance costs (see note 9)
2,658
584
3,242
2,418
682
3,100
561,140
127,699
688,839
454,992
132,995
587,987
Analysis by fund
Unrestricted funds - general
319,510
71,931
391,441
280,779
82,653
363,432
Restricted funds
241,630
55,768
297,398
174,213
50,342
224,555
561,140
127,699
688,839
454,992
132,995
587,987
NEURO THERAPY CENTRE LIMITED
NOTES TO THE  FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 MARCH 2024
- 26 -
9
Support costs
Support costs
Governance costs
2024
Support costs
Governance costs
2023
£
£
£
£
£
£
Staff costs
287,789
-
287,789
232,008
-
232,008

Property costs

69,963
-
69,963
44,519
-
44,519

General office

56,364
-
56,364
62,930
-
62,930
Independent Examiner fees
-
3,242
3,242
-
3,100
3,100
414,116
3,242
417,358
339,457
3,100
342,557
Analysed between
Charitable activities
414,116
3,242
417,358
339,457
3,100
342,557

Support costs are allocated to activities on the basis which reflects the time spent by direct staff on those activities,

 

NEURO THERAPY CENTRE LIMITED
NOTES TO THE  FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 MARCH 2024
- 27 -
10
Net movement in funds
2024
2023
£
£
Net movement in funds is stated after charging/(crediting)
Fees payable to the company's independent examiner for the independent examination of the company's financial statements
3,242
3,100
Depreciation of owned tangible fixed assets
16,792
14,886
Loss on disposal of tangible fixed assets
11,400
1,132
11
Trustees
None of the Trustees (or any persons connected with them) received any remuneration or benefits from the charity during the year.
12
Employees
Number of employees

The average monthly number of employees during the year was:

2024
2023
Number
Number
Equivalent full time employees
23
19
Employment costs
2024
2023
£
£
Wages and salaries
470,257
404,704
Social security costs
33,414
28,688
Other pension costs
7,939
6,822
511,610
440,214

Of the total staff costs and trustee renumeration and expenses £251,364 (2023 - £232,008) was unrestricted and £281,034 (2023 - £208,207) was restricted.

 

Pension costs are allocated in proportion to related staff costs.

 

The total renumeration benefits payable to key management personnel was £59,847.

 

There were no employees whose annual remuneration was £60,000 or more.
NEURO THERAPY CENTRE LIMITED
NOTES TO THE  FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 MARCH 2024
- 28 -
13
Other
Unrestricted
Restricted
Total
Total
funds
funds
2024
2024
2024
2023
£
£
£
Net loss on disposal of tangible fixed assets
8,919
2,481
11,400
1,132
For the year ended 31 March 2023
1,132
-
1,132
14
Tangible fixed assets
Leasehold improvements
Units 1 & 2
Pressure Chamber
Equipment
Total
£
£
£
£
£
Cost
At 1 April 2023
380,826
-
19,357
156,785
556,968
Additions
-
96,642
-
4,877
101,519
Disposals
(11,400)
-
-
-
(11,400)
At 31 March 2024
369,426
96,642
19,357
161,662
647,087
Depreciation and impairment
At 1 April 2023
328,511
-
11,002
79,889
419,402
Depreciation charged in the year
6,281
-
836
9,675
16,792
At 31 March 2024
334,792
-
11,838
89,564
436,194
Carrying amount
At 31 March 2024
34,634
96,642
7,519
72,098
210,893
At 31 March 2023
52,315
-
8,355
76,897
137,567
15
Debtors
2024
2023
Amounts falling due within one year:
£
£
Trade debtors
3,119
2,375
Other debtors
2,017
-
Prepayments and accrued income
19,171
15,430
24,307
17,805
NEURO THERAPY CENTRE LIMITED
NOTES TO THE  FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 MARCH 2024
- 29 -
16
Creditors: amounts falling due within one year
2024
2023
£
£
Other creditors
23,122
16,098
Accruals and deferred income
10,053
34,521
33,175
50,619
17
Deferred income
£
Deferred income  at 1 April 2023
3,576
Refunded in the year
(3,576)
Received in the year
1,454
Deferred income at 31 March 2024
1,454
Deferred income relates to funds received in advance from fundraisers for events that take place after
the year end or membership subscriptions received in advance.
18
Retirement benefit schemes
2024
2023
Defined contribution schemes
£
£
Charge to profit or loss in respect of defined contribution schemes
7,939
6,822

The charity operates a defined contribution pension scheme for all qualifying employees. The assets of the scheme are held separately from those of the charity in an independently administered fund.

NEURO THERAPY CENTRE LIMITED
NOTES TO THE ACCOUNTS
FOR THE YEAR ENDED 31 MARCH 2024
- 30 -
19
Restricted funds

The restricted funds of the charity comprise the unexpended balances of donations and grants held on trust subject to specific conditions by donors as to how they may be used.

Movement in funds
Movement in funds
Balance at
1 April 2022
Incoming resources
Resources expended
Transfers
Balance at
1 April 2023
Incoming resources
Resources expended
Transfers
Balance at
31 March 2024
£
£
£
£
£
£
£
£
£
Anne Duchess
5,000
-
(5,000)
-
-
9,863
-
-
9,863
BCUHB
-
20,810
(20,810)
-
-
20,810
(20,810)
-
-
Cheshire Community Foundation
-
14,526
(6,679)
-
7,847
9,482
(9,459)
-
7,870
Clutterbuck Trust
-
-
-
-
-
1,500
-
-
1,500
Co-op Arts
-
-
-
-
-
2,319
(733)
-
1,586
Co-op Warm Space
-
7,226
(5,343)
-
1,883
3
(1,886)
-
-
CRH Charitable Trust
-
-
-
-
-
10,000
-
-
10,000
CWAC
-
20,286
(20,286)
-
-
15,214
(15,214)
-
-
CWAC Carers Breaks
-
-
-
-
-
9,681
(4,840)
-
4,841
CWAC Physical Wellbeing
-
-
-
-
-
9,716
(4,858)
-
4,858
Deeside Round Table
-
1,821
(386)
(1,435)
-
-
-
-
-
Denbighshire CC
-
7,925
(7,925)
-
-
9,967
(9,967)
-
-
Earl of Chester
-
1,500
(1,500)
-
-
-
-
-
-
Edward Gostling Foundation
-
25,000
(25,000)
-
-
-
-
-
-
Essential Appeal
-
99
(99)
-
-
93
(93)
-
-
Equipment grant
10,945
-
(2,017)
28,455
37,383
-
(3,869)
33,514
February Foundation
-
-
-
-
-
5,000
(5,000)
-
-
Flintshire CC
-
11,700
(11,700)
-
-
11,700
(11,700)
-
-
Flintshire NEWCIS - Carers Workshops
805
-
(805)
-
-
-
-
-
-
FLVC
-
3,000
(3,000)
-
-
3,000
(3,000)
-
-
Garfield Weston Foundation
-
-
-
-
-
30,000
(30,000)
-
-
Geoffrey & Pauline Martin Trust
-
-
-
-
-
40,000
-
-
40,000
Hospital Saturday Fund
-
-
-
-
-
2,000
-
-
2,000
James Tudor Trust
-
-
-
-
-
7,500
-
-
7,500
Millenium Stadium Charitable Trust
-
7,380
-
-
7,380
-
(7,380)
-
-
NEURO THERAPY CENTRE LIMITED
NOTES TO THE ACCOUNTS (CONTINUED)
FOR THE YEAR ENDED 31 MARCH 2024
19
Restricted funds
(Continued)
- 31 -
Morrisons
5,733
-
(490)
-
5,243
-
-
(5,243)
-
National Lottery Community Fund
-
-
-
-
-
8,250
(5,795)
-
2,455
NEWCIS
-
3,853
(3,853)
-
-
3,773
(3,773)
-
-
Postcode Community Trust
-
19,600
(6,295)
-
13,305
-
(13,305)
-
-
Reaching Communities
-
58,944
(26,797)
(18,665)
13,482
88,518
(81,330)
-
20,670
Reaching Communities (Consumables)
-
-
-
-
-
2,710
(2,710)
-
-
Rebuilding grants C1
22,370
-
(2,487)
-
19,883
-
(4,970)
-
14,913
Saltney Town Council
-
2,856
(2,856)
-
-
-
-
-
-
South Cheshire Masonic Golf Club
-
8,355
-
(8,355)
-
-
-
-
-
Sport England
11,661
30,000
(41,661)
-
-
-
-
-
-
Steve Morgan Foundation
-
1,000
(1,000)
-
-
30,426
(29,189)
-
1,237
St James' Place
-
-
-
-
-
5,000
-
-
5,000
The Big Give
21,647
16,449
(21,647)
-
16,449
22,217
(16,449)
-
22,217
Units 1 & 2
-
-
-
-
-
-
-
42,575
42,575
Ursula Keys Trust
-
-
-
-
-
50,000
-
(37,332)
12,668
Virtual Centre
-
1,592
(1,592)
-
-
876
(876)
-
-
Waterloo
-
10,000
(5,327)
-
4,673
8,000
(12,673)
-
-
78,161
273,922
(224,555)
-
127,528
417,618
(299,879)
-
245,267
NEURO THERAPY CENTRE LIMITED
NOTES TO THE ACCOUNTS (CONTINUED)
FOR THE YEAR ENDED 31 MARCH 2024
19
Restricted funds
(Continued)
- 32 -

Anne Duchess

BCUHB

Provision of virtual support and networking services / counselling fund

Provision of care

Cheshire Community Foundation

Clutterbuck Trust

Co-op Arts

Co-op Warm Space

Neurological Physiotherapy & Impact Measurement / counselling fund

Gym equipment

Arts Project

Warm Space

CWAC

CWAC

CRH Charitable Trust

Deeside Round Table

Carer breaks

Physical health & wellbeing

Additional counsellor fund

Sound proof doors

Denbighshire CC

Earl of Chester

Edward Gostling Foundation

Essential Appeal

Carer support

Staff Training

Therapies Team Costs

For essential costs such as rent/rates, lighting/heating, phone bills

February Foundation

Flintshire CC

Physiotherapy funding

Carers support

Flintshire NEWCIS Carers

Carers workshops

FLVC

Loneliness and Social Isolation Fund

Garfield Weston Foundation

Geoffrey & Pauline Martin Trust

Therapies Team Costs

Neuro Gym Expansion Project

Hospital Saturday Fund

James Tudor Trust

Contribution to FES work

Additional gym instructor fund

Millenium Stadium Charitable Trust

Talking spaces

 

 

 

 

 

 

 

 

 

 

NEURO THERAPY CENTRE LIMITED
NOTES TO THE ACCOUNTS (CONTINUED)
FOR THE YEAR ENDED 31 MARCH 2024
19
Restricted funds
(Continued)
- 33 -

Morrisons Foundation

National Lottery Community Fund

NEWCIS

Postcode Community Trust

Reaching Communities

Saltney Town Council

South Cheshire Masonic Golf Club

Oxygen

Additional gym instructor fund

Bridging the gap

Talking spaces

Access to Exercise and Wellbeing

Staff Training

Deluge Tank

Sport England

Steve Morgan Foundation

St James Place

The Big Give

Ursula Keys Trust

Virtual Centre

Waterloo

Access to Exercise Project

Physiotherapy salary costs

Counselling fund

Fitness support and emotional health & wellbeing support

Neuro Gym Expansion Project

Virtual Centre donations

Neuro Gym Covid Recovery Programme

 

Equipment grants

Rebuilding grants

 

 

Grants received in previous years relating to capital equipment and leasehold improvements. A depreciation charge reduces the restricted fund over the life of the asset.

 

20
Analysis of net assets between funds
Unrestricted funds
Designated funds
Restricted funds
Total
Unrestricted funds
Designated funds
Restricted funds
Total
2024
2024
2024
2024
2023
2023
2023
2023
£
£
£
£
£
£
£
£
Fund balances at 31 March 2024 are represented by:
Tangible assets
124,165
-
86,728
210,893
80,304
-
57,263
137,567
Current assets/(liabilities)
188,224
20,000
158,539
366,763
196,730
122,481
70,265
389,476
312,389
20,000
245,267
577,656
277,034
122,481
127,528
527,043
NEURO THERAPY CENTRE LIMITED
NOTES TO THE ACCOUNTS (CONTINUED)
FOR THE YEAR ENDED 31 MARCH 2024
- 34 -
21
Operating Lease Commitments
Lessee

At the reporting end date the charity had outstanding commitments for future minimum lease payments under non-cancellable operating leases, which fall due as follows:

2024
2023
£
£
Within one year
55,649
25,187
Between two and five years
109,859
1,616
165,508
26,803
22
Related party transactions

There were no disclosable related party transactions during the year (2023 - none).

23
Cash generated from operations
2024
2023
£
£
Surplus for the year
50,614
72,553
Adjustments for:
Investment income recognised in statement of financial activities
(5,142)
(2,655)
Loss on disposal of tangible fixed assets
11,400
1,132
Depreciation and impairment of tangible fixed assets
16,792
14,886
Movements in working capital:
(Increase)/decrease in debtors
(6,502)
1,260
(Decrease)/increase in creditors
(17,444)
28,774
Cash generated from operations
49,718
115,950
24
Analysis of changes in net funds

 

The charity had no debt during the year.

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