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REGISTERED COMPANY NUMBER: 02296348 (England and Wales)
REGISTERED CHARITY NUMBER: 701839













Report of the Trustees and

Financial Statements

for the Year Ended 31 December 2023

for

Lincolnshire MS Therapy Centre Ltd

Lincolnshire MS Therapy Centre Ltd






Contents of the Financial Statements
for the year ended 31 December 2023




Page

Report of the Trustees 1 to 4

Independent Examiner's Report 5

Statement of Financial Activities 6

Balance Sheet 7 to 8

Notes to the Financial Statements 9 to 18

Lincolnshire MS Therapy Centre Ltd (Registered number: 02296348)

Report of the Trustees
for the year ended 31 December 2023


The trustees who are also directors of the charity for the purposes of the Companies Act 2006, present their report with the financial statements of the charity for the year ended 31 December 2023. The trustees have adopted the provisions of 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
Objectives of the charity and principal activities
The Lincolnshire MS Therapy Centre Limited is constituted as a company limited by guarantee. It is governed by its Memorandum and Articles of Association.

The principal object of the charity is the provision of facilities to assist people suffering from Multiple Sclerosis and any other conditions that may benefit from High Dosage Oxygen Therapy (H.D.O.T.)

Public benefit
The trustees have regard to the Charity Commission's general guidance on public benefit and always ensure that activities which we undertake are in line with our charitable objects and aims.

ACHIEVEMENT AND PERFORMANCE
The three members of staff remained in post and the trustees continued to monitor and develop the work they do and the services they offer members.

1 Keeping people as active as possible:
- Providing classes with specialists including Physiotherapy, Yoga, Tai Chi, Acupuncture and Massage.
- Offering regular support from our physiotherapists to use 'at home' exercise programmes and to signpost members to any additional support needed.

2 Improve mental health
- Continuing to provide counselling services.

FINANCIAL REVIEW
Going concern
Income continued to be a concern in 2023. The ongoing support from members and individual supporters, charitable trusts, companies and local authorities, however, helped to contain the surplus for the year.
Total income was £109,714, and total expenditure was £77,259. The overall surplus was £32,455. The charity is confident of its financial survival. The very real need - during an uncertain 2023 - is to focus on continuing to develop income streams and to address future sustainability. We wish to thank each individual and organisation who supported the charity in 2023.

Plans have been made should free reserves fall to £8,000 to ensure the continuation of the charity into the longer term and provide time for it to re-capitalise itself and move forward with the new strategy.


Lincolnshire MS Therapy Centre Ltd (Registered number: 02296348)

Report of the Trustees
for the year ended 31 December 2023


FINANCIAL REVIEW
Reserves policy
The Trustees' ongoing reserves policy is to maintain free reserves (unrestricted net current assets) at between three to six months of operating expenditure which equates to £19,315 to £38,630. At this level, the management committee feel that they would be able to continue the current activities in the event of a significant drop in funding. The charity had a positive free reserve of £62,615 at the end of the period. The free reserves are calculated by taking the unrestricted reserves balance at the end of the year, less any fixed asset funds. At 31 December 2023 funds were £166,833 as the Management Committee has taken steps to ensure that cash usage is managed carefully.

Risk management
The trustees and Management Committee meet on a monthly basis, at which the present situation of the charity is discussed, and any future risks which may affect the charity are identified, and the appropriate action is planned. Internal risks are minimised through the implementation of controls. Procedures relating to risk management are continually under review to ensure that they still meet the needs of the charity.
The trustees have conducted a review of the risks to which the charity is exposed, and assessed their relative significance. These have been recorded within the policies and procedures documentation. Where appropriate, systems and procedures have been established to mitigate the risks the charity faces. The principal risks to the charity are considered to be those concerning fund raising, financial internal controls, quality of service delivery and the health and safety of staff, volunteers, clients and visitors to the Centre. As regards fundraising, the risk is the adverse fluctuation of financial resources raised during the year. In the longer term this would place a financial strain upon the charity.

The fundraising strategy is over seen by the Trustees, and actual financial performance is monitored on a monthly basis. Good relationships are maintained with a large pool of volunteers who are able to support the public collections and events programme.

Financial internal controls include the division of duties. The risk of fraudulent appropriation of the charity's financial resources is mitigated by the requirement that all financial transactions require dual authorisation. The quality of service delivery is underpinned by qualified physiotherapy personnel, training programmes to help maintain professional standards, and equipment maintenance schedules that comply with manufacturers' specifications. These measures are in place to help ensure that service delivery meets recognised standards and benefits users. Procedures are in place to ensure compliance with the health and safety of staff, volunteers, clients and visitors to the Centre. Procedures in place include periodic fire alarm tests, Centre access security and regular maintenance of plant and equipment (including lifting equipment, and hygiene). These procedures are periodically reviewed to ensure that they continue to meet the needs of the charity.

FUTURE PLANS
The Trustees are committed to creating a Centre of Excellence, in order to achieve this, we the Trustees are preparing to achieve the following:
- Increase membership.
- Continue to update, and modernise the decor and furnishings, including improvement of the disables toilets.
- Looking to update and repair the automatic entrance door.


Lincolnshire MS Therapy Centre Ltd (Registered number: 02296348)

Report of the Trustees
for the year ended 31 December 2023

STRUCTURE, GOVERNANCE AND MANAGEMENT
Governing document
The charity is controlled by its governing document, a deed of trust, and constitutes a limited company, limited by guarantee, as defined by the Companies Act 2006.

Recruitment and appointment of new trustees
Recruitment and Appointment of Management Committee members (trustees) must be ordinary members of the company. They are appointed by election at each Annual General Meeting of the charity, provided that in advance of the meeting they have been proposed by another ordinary member and are willing to be elected. Committee members retire at each Annual General Meeting, though they are eligible for re-election. The officers of the Company - the Chairman, Treasurer and Secretary - are Trustee Management Committee members and are also appointed by election at each Annual General Meeting. The committee may appoint any of their number during the year to fill a casual vacancy among the officers. Such officers hold office until the next following Annual General Meeting.

Organisational structure
Day to day management of the charity is delegated to the Centre Manager - including supervision of the staff and ensuring that the team continues to develop skills and working arrangements in line with good practice and ensuring the Centre premises are properly serviced and maintained. All members of the Trustee Management Committee give their time voluntarily. Committee members may benefit from the charity's MS services on the same terms as other beneficiaries. The policies and procedures of the charity have been documented. These are updated on a cyclical basis. All trustees are required to familiarise themselves with the charity's policies and procedures.

Decision making
The charity is managed by the Trustee Management Committee and meets at least monthly. The committee sets the strategic direction and policy of the charity.

Induction and training of new trustees
Trustee Induction and Training New trustees are briefed on the objectives and activities of the charity and the environment within which it operates

The Charity has a centre at 50 Outer Circle Drive, Lincoln. This is open Monday, Wednesday, and Friday.

REFERENCE AND ADMINISTRATIVE DETAILS
Registered Company number
02296348 (England and Wales)

Registered Charity number
701839

Registered office
50 Outer Circle Drive
St Giles
LINCOLN
Lincolnshire
LN2 4JH


Lincolnshire MS Therapy Centre Ltd (Registered number: 02296348)

Report of the Trustees
for the year ended 31 December 2023

Trustees
Mr K Gazard
Mr G W Mitchell (appointed 13.12.23)
Ms J Lander
Mr P J Burton
Mr J Edge
Mr J E Gray (appointed 23.8.23)
Mrs C J Gray
Ms M E Daley (appointed 28.8.23)
Ms V T McLeod (appointed 23.8.23)

Company Secretary
Mr J Edge

Independent Examiner
Nicholsons
Chartered Accountants
Newland House
The Point
Weaver Road
LINCOLN
Lincolnshire
LN6 3QN

EVENTS SINCE THE END OF THE YEAR
Information relating to events since the end of the year is given in the notes to the financial statements.

This report has been prepared in accordance with the special provisions of Part 15 of the Companies Act 2006 relating to small companies.

Approved by order of the board of trustees on 25 September 2024 and signed on its behalf by:





Mr K Gazard - Trustee

Independent Examiner's Report to the Trustees of
Lincolnshire MS Therapy Centre Ltd (Registered number: 02296348)

Independent examiner's report to the trustees of Lincolnshire MS Therapy Centre Ltd ('the Company')
I report to the charity trustees on my examination of the accounts of the Company for the year ended 31 December 2023.

Responsibilities and basis of report
As the charity's trustees of the Company (and also its directors for the purposes of company law) you are responsible for the preparation of the accounts in accordance with the requirements of the Companies Act 2006 ('the 2006 Act').

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 your charity's accounts as carried out under Section 145 of the Charities Act 2011 ('the 2011 Act'). In carrying out my examination I have followed the Directions given by the Charity Commission under Section 145(5) (b) of the 2011 Act.

Independent examiner's statement
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:

1. accounting records were not kept in respect of the Company as required by Section 386 of the 2006 Act; or
2. the accounts do not accord with those records; or
3. the accounts 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 accounts 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 accounts to be reached.








Mrs Emma Murray FCA
The Institute of Chartered Accountants in England and Wales

Nicholsons
Chartered Accountants
Newland House
The Point
Weaver Road
LINCOLN
Lincolnshire
LN6 3QN

26 September 2024

Lincolnshire MS Therapy Centre Ltd

Statement of Financial Activities
(Incorporating an Income and Expenditure Account)
for the year ended 31 December 2023

2023 2022
Unrestricted Restricted Total Total
funds fund funds funds
Notes £    £    £    £   
INCOME AND ENDOWMENTS FROM
Donations and legacies 2 62,211 - 62,211 9,198

Charitable activities 5
Oxygen therapy 36,053 - 36,053 32,083
Other therapies 3,505 - 3,505 6,004

Other trading activities 3 2,705 4,385 7,090 1,680
Investment income 4 855 - 855 38
Total 105,329 4,385 109,714 49,003

EXPENDITURE ON
Raising funds 6 2,821 - 2,821 2,766

Charitable activities 7
Oxygen therapy 37,778 - 37,778 27,552
Other therapies 34,447 - 34,447 24,176
Support costs 2,213 - 2,213 2,213
Total 77,259 - 77,259 56,707

NET INCOME/(EXPENDITURE) 28,070 4,385 32,455 (7,704 )
Transfers between funds 16 4,964 (4,964 ) - -
Net movement in funds 33,034 (579 ) 32,455 (7,704 )

RECONCILIATION OF FUNDS
Total funds brought forward 133,799 579 134,378 142,082

TOTAL FUNDS CARRIED FORWARD 166,833 - 166,833 134,378

Lincolnshire MS Therapy Centre Ltd (Registered number: 02296348)

Balance Sheet
31 December 2023

2023 2022
Unrestricted Restricted Total Total
funds fund funds funds
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 12 104,218 - 104,218 107,093

CURRENT ASSETS
Stocks 13 100 - 100 70
Debtors 14 - - - 187
Cash at bank and in hand 73,021 - 73,021 33,652
73,121 - 73,121 33,909

CREDITORS
Amounts falling due within one year 15 (10,506 ) - (10,506 ) (6,624 )

NET CURRENT ASSETS 62,615 - 62,615 27,285

TOTAL ASSETS LESS CURRENT
LIABILITIES

166,833

-

166,833

134,378

NET ASSETS 166,833 - 166,833 134,378
FUNDS 16
Unrestricted funds 166,833 133,799
Restricted funds - 579
TOTAL FUNDS 166,833 134,378

The charitable company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 December 2023.


The members have not required the company to obtain an audit of its financial statements for the year ended 31 December 2023 in accordance with Section 476 of the Companies Act 2006.


The trustees acknowledge their responsibilities for
(a)ensuring that the charitable company keeps accounting records that comply with Sections 386 and 387 of the Companies Act 2006 and
(b)preparing financial statements which give a true and fair view of the state of affairs of the charitable company as at the end of each financial year and of its surplus or deficit for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the charitable company.


Lincolnshire MS Therapy Centre Ltd (Registered number: 02296348)

Balance Sheet - continued
31 December 2023

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


The financial statements were approved by the Board of Trustees and authorised for issue on 25 September 2024 and were signed on its behalf by:





Mr K Gazard - Trustee

Lincolnshire MS Therapy Centre Ltd

Notes to the Financial Statements
for the year ended 31 December 2023

1. ACCOUNTING POLICIES

Basis of preparing the financial statements
The financial statements of the charitable company, which is a public benefit entity under FRS 102, have been prepared in accordance with the Charities SORP (FRS 102) '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)', Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland' and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.

The accounts have been prepared under the going concern basis as, the charity is able to settle all operating debts at they arise.

Income
All income is recognised in the Statement of Financial Activities once the charity has entitlement to the funds, it is probable that the income will be received and the amount can be measured reliably.

For legacies, entitlement is taken as the earlier of the date on which either: the charity is aware that probate has been granted, the estate has been finalised and notification has been made by the executor(s) to the charity that a distribution will be made, or when a distribution is received from the estate. Receipt of a legacy, in whole or part, is only considered probable when the amount can be measured reliably and the charity has been notified of the executor's intention to make a distribution.

Government grants
Government grants which have been accounted for under the accruals model, in respect of capital expenditure are recognised within income on a systematic basis over the expected useful life of the asset.

Expenditure
Liabilities are recognised as expenditure as soon as there is a legal or constructive obligation committing the charity to that expenditure, it is probable that a transfer of economic benefits will be required in settlement and the amount of the obligation can be measured reliably. Expenditure is accounted for on an accruals basis and has been classified under headings that aggregate all cost related to the category. Where costs cannot be directly attributed to particular headings they have been allocated to activities on a basis consistent with the use of resources.

Raising funds
Unrestricted funds are donations and other incoming resources receivable or generated for the objects of the charity without further specified purpose and which are available as general funds. Included within unrestricted funds are designated funds where the trustees, at their discretion, have created a fund for a specific purpose.

Designated funds represent the net book value of fixed assets donated to the charity or purchased out of restricted income. This balance therefore represents the future depreciation charge relating to these assets.


Lincolnshire MS Therapy Centre Ltd

Notes to the Financial Statements - continued
for the year ended 31 December 2023

1. ACCOUNTING POLICIES - continued

Fixed assets for use by the charitable company
Fixed assets are stated at cost less depreciation, or in cases where fixed assets have been donated, at valuation at the time of acquisition less depreciation.

Depreciation
Depreciation is charged on all tangible fixed assets other than freehold land as follows:

Freehold landNot depreciated
Freehold property and improvementsStraight line over 50 years
Motor vehicles25% reducing balance
Physiotherapy, office and other equipment20% reducing balance
Furniture and fittings 20% reducing balance

Operating leases
Rentals paid under operating leases are charged on a straight line basis over the term of the lease.

Stocks
Stocks are valued at the lower of cost and net realisable value.

Taxation
The charity is exempt from corporation tax on its charitable activities.

Fund accounting
Unrestricted funds can be used in accordance with the charitable objectives at the discretion of the trustees.

Restricted funds can only be used for particular restricted purposes within the objects of the charity. Restrictions arise when specified by the donor or when funds are raised for particular restricted purposes.

Designated fund comprise unrestricted funds that have been set aside by the trustees for particular purposes. The aim and use of each designated fund is set out in the notes to the financial statements.

Further explanation of the nature and purpose of each fund is included in the notes to the financial statements.

Voluntary help and gifts in kind
No value has been put on the help received by Lincolnshire MS Therapy Centre Limited during the year. Individual gifts of significant value are valued at estimated costs to the donor and include any voluntary donations; however, there are numerous small gifts that cannot be quantified.


Value added tax
As the activities for the charity are classified as exempt for the purpose of VAT, the charity is unable to reclaim the VAT which it suffers on its purchases. Expenditure in these financial statements is therefore shown inclusive of value added tax paid.

Financial Instruments

Lincolnshire MS Therapy Centre Ltd

Notes to the Financial Statements - continued
for the year ended 31 December 2023

1. ACCOUNTING POLICIES - continued

Only basic financial instruments as defined in FRS 102 are held. Financial assets and financial liabilities are recognised in the accounts only when the entity becomes party to the contractual provisions of the instrument and their measurement basis is as follows:
Financial assets - trade and other debtors are basic financial instruments and are debt instruments measured at amortised cost. Prepayments are not financial instruments.
Cash at bank is classified as a basic financial instrument and is measured at transaction price.
Financial liabilities - trade creditors, accruals and other creditors are basic financial instruments, and are measured at amortised cost. Where a financial liability constitutes a financing transaction it is initially and subsequently measured at the present value of future payments, discounted at a market rate of interest.

2. DONATIONS AND LEGACIES
2023 2022
£    £   
Donations 15,310 8,648
Legacies 46,412 -
Fundraising events 489 550
62,211 9,198

3. OTHER TRADING ACTIVITIES
2023 2022
£    £   
Grant income 4,385 -
Room hire 2,705 1,680
7,090 1,680

4. INVESTMENT INCOME
2023 2022
£    £   
Investment income and interest 855 38


Lincolnshire MS Therapy Centre Ltd

Notes to the Financial Statements - continued
for the year ended 31 December 2023

5. INCOME FROM CHARITABLE ACTIVITIES
2023 2022
Oxygen Other Total Total
therapy therapies activities activities
£    £    £    £   
Physiotherapy & reflexology - 605 605 1,150
Oxygen therapy 36,053 - 36,053 32,028
Covid-19 support grants - - - 165
Sales of goods and literature - 2,900 2,900 4,744
36,053 3,505 39,558 38,087

6. RAISING FUNDS

Raising donations and legacies
2023 2022
£    £   
Staff costs 2,821 2,766

7. CHARITABLE ACTIVITIES COSTS
Support
costs (see
note 8)
£   
Oxygen therapy 37,778
Other therapies 34,447
Support costs 2,213
74,438

8. SUPPORT COSTS
Governance
Management costs Totals
£    £    £   
Oxygen therapy 37,778 - 37,778
Other therapies 29,080 5,367 34,447
Support costs 2,213 - 2,213
69,071 5,367 74,438

Lincolnshire MS Therapy Centre Ltd

Notes to the Financial Statements - continued
for the year ended 31 December 2023

8. SUPPORT COSTS - continued

Support costs, included in the above, are as follows:

Management
2023 2022
Oxygen Other Support Total Total
therapy therapies costs activities activities
£    £    £    £    £   
Salaries 25,456 8,569 2,213 36,238 29,167
Equipment repairs - 5,766 - 5,766 2,452
Insurance - 3,729 - 3,729 2,537
Oxygen 10,159 - - 10,159 5,107
Cost of goods sold - 1,331 - 1,331 1,136
General office running - 7,643 - 7,643 5,807
Subscriptions and
donations

-

807

-

807

340

Bank charges - 74 - 74 604
Depreciation 2,163 1,101 - 3,264 3,341
Bank interest - 60 - 60 -
Other interest - - - - 316
37,778 29,080 2,213 69,071 50,807
Governance costs
2023 2022
Other Total
therapies activities
£    £   
Independent Examiners fee 700 700
Accountancy and legal fees 4,667 2,434
5,367 3,134

9. NET INCOME/(EXPENDITURE)

Net income/(expenditure) is stated after charging/(crediting):

2023 2022
£    £   
Independent Examiners fee 700 700
Depreciation - owned assets 3,264 3,341

In addition to the fees listed above, the independent examiner also received £4,667 (2022: £2,434) during the year pertaining to accountancy services.


Lincolnshire MS Therapy Centre Ltd

Notes to the Financial Statements - continued
for the year ended 31 December 2023

10. TRUSTEES' REMUNERATION AND BENEFITS

There were no trustees' remuneration or other benefits for the year ended 31 December 2023 nor the year ended 31 December 2022.

Trustees' expenses

There were no trustees' expenses paid for the year ended 31 December 2023 nor for the year ended 31 December 2022.

11. STAFF COSTS
2023 2022
£    £   
Wages and salaries 39,059 31,933
39,059 31,933

The average monthly head count during the year was 3 staff (2022 : 3).

The average monthly number of employees during the year was as follows:

2023 2022
Direct charitable employees 3 3

No employees received emoluments in excess of £60,000.

12. TANGIBLE FIXED ASSETS
Freehold Physio,
property office
and and other Furniture Motor
improvements equipment & fittings vehicles Totals
£    £    £    £    £   
COST
At 1 January 2023 167,810 71,095 7,198 48,578 294,681
Additions - - 389 - 389
At 31 December 2023 167,810 71,095 7,587 48,578 295,070
DEPRECIATION
At 1 January 2023 63,528 68,868 7,055 48,137 187,588
Charge for year 2,610 462 82 110 3,264
At 31 December 2023 66,138 69,330 7,137 48,247 190,852
NET BOOK VALUE
At 31 December 2023 101,672 1,765 450 331 104,218
At 31 December 2022 104,282 2,227 143 441 107,093

Lincolnshire MS Therapy Centre Ltd

Notes to the Financial Statements - continued
for the year ended 31 December 2023

13. STOCKS
2023 2022
£    £   
Sundry stocks 100 70

14. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Prepayments - 187

15. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Social security and other taxes 552 933
Other creditors 3,045 2,332
Wages payable 2,129 716
Accruals and deferred income 4,780 2,643
10,506 6,624

16. MOVEMENT IN FUNDS
Net Transfers
movement between At
At 1.1.23 in funds funds 31.12.23
£    £    £    £   
Unrestricted funds
Undesignated 90,371 29,841 4,964 125,176
Designated funds 43,428 (1,771 ) - 41,657
133,799 28,070 4,964 166,833
Restricted funds
Restricted funds 579 4,385 (4,964 ) -

TOTAL FUNDS 134,378 32,455 - 166,833

Lincolnshire MS Therapy Centre Ltd

Notes to the Financial Statements - continued
for the year ended 31 December 2023

16. MOVEMENT IN FUNDS - continued

Net movement in funds, included in the above are as follows:

Incoming Resources Movement
resources expended in funds
£    £    £   
Unrestricted funds
Undesignated 105,329 (75,488 ) 29,841
Designated funds - (1,771 ) (1,771 )
105,329 (77,259 ) 28,070
Restricted funds
Restricted funds 4,385 - 4,385

TOTAL FUNDS 109,714 (77,259 ) 32,455


Comparatives for movement in funds

Net
movement At
At 1.1.22 in funds 31.12.22
£    £    £   
Unrestricted funds
Undesignated 96,250 (5,879 ) 90,371
Designated funds 45,253 (1,825 ) 43,428
141,503 (7,704 ) 133,799
Restricted funds
Restricted funds 579 - 579

TOTAL FUNDS 142,082 (7,704 ) 134,378

Comparative net movement in funds, included in the above are as follows:

Incoming Resources Movement
resources expended in funds
£    £    £   
Unrestricted funds
Undesignated 49,003 (54,882 ) (5,879 )
Designated funds - (1,825 ) (1,825 )
49,003 (56,707 ) (7,704 )
TOTAL FUNDS 49,003 (56,707 ) (7,704 )

Lincolnshire MS Therapy Centre Ltd

Notes to the Financial Statements - continued
for the year ended 31 December 2023

16. MOVEMENT IN FUNDS - continued

A current year 12 months and prior year 12 months combined position is as follows:

Net Transfers
movement between At
At 1.1.22 in funds funds 31.12.23
£    £    £    £   
Unrestricted funds
Undesignated 96,250 23,962 4,964 125,176
Designated funds 45,253 (3,596 ) - 41,657
141,503 20,366 4,964 166,833
Restricted funds
Restricted funds 579 4,385 (4,964 ) -

TOTAL FUNDS 142,082 24,751 - 166,833

A current year 12 months and prior year 12 months combined net movement in funds, included in the above are as follows:

Incoming Resources Movement
resources expended in funds
£    £    £   
Unrestricted funds
Undesignated 154,332 (130,370 ) 23,962
Designated funds - (3,596 ) (3,596 )
154,332 (133,966 ) 20,366
Restricted funds
Restricted funds 4,385 - 4,385

TOTAL FUNDS 158,717 (133,966 ) 24,751

Designated funds
Designated funds represent the net book value of fixed assets donated to the charity or purchased out of restricted income. This balance therefore represents the future depreciation charge relating to these assets.

Restricted Funds
Restricted funds represents amount received from the Bromhead Trust which were restricted to the provision of physiotherapy, massage and counselling. This balance therefore represents funds held to provide these services.


Lincolnshire MS Therapy Centre Ltd

Notes to the Financial Statements - continued
for the year ended 31 December 2023

17. RELATED PARTY DISCLOSURES

The were no related party transactions for the year ended 31 December 2023 nor year ended 31 December 2022.

18. POST BALANCE SHEET EVENTS

At the year end and looking forward 12 months from approval, the company remains a going concern.

19. LEGAL STATUS OF THE CHARITY

Lincolnshire MS Therapy Centre Limited is a company limited by guarantee and has no share capital.

The liability of each member in the event of winding up is limited to £1.

20. CONTROLLING INTEREST

There is no ultimate controlling interest.