LINCOLNSHIRE MS THERAPY CENTRE LTD
Charity provides help and support for those with Multiple Sclerosis. Providing High Dosage Oxygen Therapy, Physiotherapy and Reflexology. The Centre also has a snack bar.
Financial health, per its FY2024 accounts
The accounts state that the charity incurred a deficit of £7,445 for the year ended 31 December 2024, with total income of £63,647 against expenditure of £71,092. Despite this, the trustees report that free reserves stood at £58,292, which is above the stated policy target range of £17,773 to £35,546. The trustees acknowledge that income was a concern but express confidence in the charity's financial survival and ability to continue as a going concern.
What the accounts disclose
“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 £17,773 to £35,546.” — page 3
“Income continued to be a concern in 2024. The ongoing support from members and individual supporters, charitable trusts, companies and local authorities, however, helped to contain the deficit for the year.” — page 3
Register events
- Received assets from another charity (20/10/2023)
- Received assets from another charity (02/07/2019)
Trustees
- Christine Joan Graychair
- James Edge
- John Edwin Gray
- Margaret Eileen Daley
- Vicki Teresa McLeod
Income and spending
| Financial year end | Income | Spending |
|---|---|---|
| 31/12/2024 | £64k | £71k |
| 31/12/2023 | £110k | £77k |
| 31/12/2022 | £49k | £57k |
| 31/12/2021 | £51k | £64k |
| 31/12/2020 | £58k | £61k |
Common questions
Is LINCOLNSHIRE MS THERAPY CENTRE LTD financially healthy?
Per its FY2024 accounts: The accounts state that the charity incurred a deficit of £7,445 for the year ended 31 December 2024, with total income of £63,647 against expenditure of £71,092. Despite this, the trustees report that free reserves stood at £58,292, which is above the stated policy target range of £17,773 to £35,546. The trustees acknowledge that income was a concern but express confidence in the charity's financial survival and ability to continue as a going concern. Its FY2024 accounts were independently examined.
Government & lottery funding
| Funder | Date | Amount | Purpose |
|---|---|---|---|
| The National Lottery Community Fund | 23/06/2023 | £4k | Growing our own |