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← Multiple Sclerosis-Uk Limited

2021-12-31-accounts

-, MS-UK Supporting your MS journey Multiple Sclerosis-UK Limited (A company limited by guarantee) Unaudited Trustees, report and financial statements For the Year Ended 31 December 2021 Registered number: 02842023 Charity number: 1033731

" Multiple Sclerosis-UK Limited

(A company limited by guarantee)

S\ MS-UK Supporting your MS journey

Contents

Reference and administrative details of the charity, its Trustees and advisers 1

Trustees’ report

2=12

Independent examiner’s report

13 - 14

Statement of financial activities 15

Balance sheet

16 -17

Statement of cash flows

18

Notes to the financial statements 19 - 36

Multiple Sclerosis-UK Limited (A company limited by guarantee)

SN MS-UK Supporting your MS journey

Reference and Administrative Details of the Charity, its Trustees and Advisers For the Year Ended 31 December 2021

Trustees MrM Swan, Chair
MrM Herington
Mrs C Rowles
Mrs F Corrigan
Mrs L Shukla
Mr P Startin
MrC Stebbings
Company registered
number 02842023
Charity registered
number 1033751
Registered office D3 Knowledge Gateway
Nesfield Road
Colchester
Essex
CO4 3ZL
Chiefexecutive officer AmyWoolf
Independentexaminer Griffin Chapman
Chartered Accountants
4&5The Cedars, Apex 12
Old Ipswich Road
Colchester
CO77QR

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Trustees’ Report For the Year Ended 31 December 2021

Trustees’ report U e

The board of trustees, who are also directors for the purposes of the Companies Act, present their annual report and financial statements of Multiple Sclerosis-UK Limited for the year ended 31 December 2021. The trustees have adopted the provisions of the Statement of Recommended Practice (SORP) “Accounting and Reporting by Charities” and have followed UK generally accepted accounting principles in preparing the annual report and financial statements. The trustees’ report is also a directors’ report as required by s417 of the Companies Act 2006.

Legal and administrative information

The information given on page 1 forms part of this report. As noted on page 3, the charity also operates under the name MS-UK.

The trustees during the year under review were as follows

Matthew Swan (Chair)

Michael Herington Claire Rowles (previously Offord) Fiona Corrigan (previously Sakal) Laura Shukla Philip Startin Charles Stebbings

Retirement of trustees

The following trustees are to retire in accordance with the Articles of Association and, being eligible, offered themselves for re-appointment

Michael Herington Laura Shukla

Senior management personnel

The senior management personnel throughout the year were the following

Diana Crowe

Sarah-Jane Elliott Jill Purcell Amy Woolf Sarah Wright

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Trustees’ Report (continued) For the Year Ended 31 December 2021

The remuneration of all staff, including the senior management team, is consistent with our pay policy. At appointment, salaries are set in keeping with the market value individual experience and expertise, and benchmarked against salaries for our sector. Pay reviews are conducted annually in light of the charity’s budget, performance to strategy, individual performance and market analysis.

Structure, governance and management

Multiple Sclerosis-UK Limited is a charity registered with the Charity Commission, charity number 1033731, and a limited company, registered at Companies House, company number 02842023, trading as MS-UK.

The board of trustees is responsible for the governance and strategic direction of MS-UK. Our most recent strategic plan can be found on our website at . ln 2021 we reviewed our strategy in response to the impact of the pandemic on both our ability to raise funds and the growing acceptance of digital technology as an accessible and effective means for providing services.

The board of trustees continue to ensure both the good governance and proper administration of MS-UK in keeping with its Articles of Association. Day to day responsibility for the running of the organisation is delegated to the Chief Executive, Amy Woolf, and her team.

The board is currently made up of seven members and each are committed to ensuring that the charities’ governance arrangements are effective. The board meet quarterly to fulfil its duties, and this year held an additional strategy day for the board and management team.

The board reviewed the charities’ governing document and was satisfied that it continued to be fit for purpose, following comprehensive amendments in the previous year.

Trustees maintain overall supervision of both the financial and operational performance of the charity and receive accurate and timely updates from the CEO and her team.

The trustees monitor the risks faced by MS-UK at each board meeting, and strategy day, and are therefore in a position to ensure controls, policies and procedures are in place to deal with issues effectively should they arise.

The main risk faced by MS-UK is the reliance on fundraising event income from events such

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WN MS-UK
Supporting your MS journey
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Trustees’ Report (continued) For the Year Ended 31 December 2021

as the London Marathon. However, we have worked hard to reduce this reliance and have been successful in continuing to diversify our income streams.

Objects@ and activities@ @ @

MS-UK is a national charity formed in 1993. We are here for people affected by multiple sclerosis (MS) - that’s around 130,000 people in the UK and 2.3 million worldwide.

MS is a condition that affects the central nervous system - your brain and spinal cord. There is currently no cure. The symptoms people experience vary greatly from person to person and over time. Such symptoms may include fatigue, pain, sensory problems such as with vision, cognition difficulties and issues with bodily functions such as speech and swallowing and bladder and bowel.

Just as there is no cure, there is also no definitive understanding of the cause of MS. This means that there is no consensus on how to treat or manage MS, especially as the condition progresses, doubling the uncertainty in people’s lives and those around them.

This is why MS-UK has always been at the forefront of promoting choice, of providing people with all the information and support they need to live life as they wish to with MS. We will always respect people’s rights to make informed decisions for themselves.

We are dedicated to improving the understanding of MS and providing support where it is needed most.

Ultimately we are here to support people affected by MS to live healthier and happier lives.

Our objects are

° The relief of people affected by multiple sclerosis and other similar conditions;

The trustees confirm they have had regard to the Charity Commission’s guidance on public benefit and the charity’s core activities, in keeping with our objects.

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Trustees’ Report (continued) For the Year Ended 31 December 2021

Our core services to fulfil our objects are:

MS-UK Online

This service has grown rapidly in the last year. We now provide a wide range of online classes, courses, workshops and information sessions. Our online exercise classes are specially designed to help people affected by MS stay active at home and manage their wellbeing. These classes offer accessible exercise for all abilities.

We provide regular online courses such as mindfulness, chair yoga and poetry. Our information sessions have included subjects such as managing fatigue, improving cognition and healthy habits. We are continually working with the MS community to find out what more we could provide that would support them with their health and wellbeing further.

We also facilitate online social groups, known as peer pods. These are volunteer-led online social gatherings using Zoom bringing people together to create friendships and peer support. People come together in various groups including newly diagnosed, women’s-only and media.

MS-UK Counselling

This is the only service of its kind in the UK. We provide MS-specific counselling to support our clients’ mental health and wellbeing. Our counsellors are BACP registered and receive comprehensive training on life with multiple sclerosis (MS) at induction to ensure they provide the best possible support to people with MS. Our counsellors support people with mental health issues such as anxiety, depression and difficulties with acceptance. Many of our clients who have accessed our counselling service report feeling more connected with others, are more able to cope when things go wrong, sleep better and feel more hopeful about their future.

MS-UK Helpline

Unlike other helplines, our trained helpline staff provide information and emotional support to people with MS, their carers and families about anything related to life with MS, from drug therapies to complementary therapies and accessing benefits to home aids and adaptations. This can be over the phone, by email, live web chat or letter. There are no restrictions on what we will discuss, we have no time limits and we support people as often as they need us to. The team also publish our information booklets, Choices, on a wide range of subjects available on our website and in print.

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Trustees’ Report (continued) For the Year Ended 31 December 2021

New Pathways

Our bi-monthly magazine is a go-to resource for people affected by MS. The magazine has been a lifeline for people by providing the latest news, research and thinking about how to live well with the condition. Our editor understands the importance of ensuring there are no taboo subjects and that all possible options for managing life with MS are researched and presented in a balanced way. Subjects covered vary from the latest research news and letters pages to complementary therapies and peoples’ stories providing support and inspiration to others.

eLearning

We have now developed two online courses - Understanding MS, and Counselling people with MS. These interactive digital courses include both information and lived experiences of people affected by MS and are primarily aimed at professionals.

Achievements@ and performance @indicators@

Strategic priority 1: Supporting people affected by multiple sclerosis to be healthier and happier

This year we launched MS-UK Online and now offer a large selection of services over the internet. We have had over 4,500 attendances this year delivered through:

300 exercise classes

4 mindfulness courses

83 chair yoga classes

30 information sessions, workshops and masterclasses

9 peer pods with an average of 40 attendees a month, delivered by 12 volunteers giving over 300 hours of their time

Feedback from support given includes;

“| hadn’t realised that | hadn’t properly accepted the diagnosis after 12 years. lt has helped me accept where | am and who | am. It has helped the MS to be kindly absorbed into my lifestyle rather than hidden in a corner and ignored (where it gets angry and damaging). lt has helped me to put a face/ image to my MS and to relate to it more kindly, and in doing so to be more kind to myself”. Four-week mindfulness course participant

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Trustees’ Report (continued) For the Year Ended 31 December 2021

.

“| absolutely love Tracy’s Chair Yoga classes and the many positives that they have brought to my life as | have described. | look forward to my classes and do as many as | can. We have a lovely group of ‘regulars’ who attend and it has created a sense of community with each other despite the fact that we are spread out across the UK. We care for and ask after each other when someone is absent. We have little chats and share with each other too. Tracy completely enables this sense of community with her friendly, relaxed, empathetic and caring style of teaching.” Chair yoga participant

“It’s been so nice to be in a class, where the facilitator understands neurological problems of balance and stiffness as well as the variation in symptoms. | have attended many classes over the years, sold as classes for the “less able” ?? or whatever and find the teachers rarely “get it.” | have always come away disillusioned, angry, upset or all of them, and feeling a failure.” Exercise class participant

“Knowing there are other people in my position, it makes me feel less alone.” Peer support participant

This year the helpline supported over 1300 people affected by MS. Most contacts were for emotional support, information regarding diagnosis or symptoms and covid-19 related queries. The team reviewed eight of our Choices booklets and began creating two new booklets, Pregnancy and MS and Hematopoietic stem-cell transplantation. Downloads and page views of our booklets reached almost 55,000.

“The relief felt by the great support given by professional friendly understanding people who know and compassionately help was overwhelming.” Helpline contact

“| have been able to read up on the symptoms | have been experiencing and feel supported and prepared for the next steps | will need to take whilst coming to terms with my diagnosis.” Helpline contact

The counselling service has seen a 20% increase in demand this year and unfortunately our wait list has grown quite considerably. However, we were able to provide almost 1000 sessions to over 200 people. We are also looking at how we can meet this growing demand through the support of volunteer counsellors.

“| feel like a massive weight has been lifted and | am so much more positive about my MS and my future.” Counselling client

“The service | had was amazing and the difference made to me and in turn my family’s life is huge. The tools I’ve been given are priceless.” Counselling Client

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Trustees’ Report (continued)

For the Year Ended 31 December 2021

Over the past few years we have seen subscriptions to our magazine New Pathways fall, which we believe is in keeping with much print media. However, we are committed to continuing this vital service, particularly for those that are not on the internet and rely on our magazine for up to date MS information. We are very pleased that our fortunes have turned, and this year, we saw subscriptions to the magazine rise.

“The support that you provide is probably more important than you can ever know - my deepest appreciation goes to you.” New Pathways reader

Ensuring we remain community-led at all times in integral to the work that we do. This year our Virtual Insight Panel (VIP) members grew to 68 members, who support us to ensure all that we do is in keeping with their needs. The VIP supported us with 28 projects in 2021.

Strategic priority 2: increasing understanding of multiple sclerosis

We began this year by refreshing our brand and introducing our new strapline ‘Supporting your MSjourney’. We carried out this work with the support of our VIP to ensure we better reflected how people affected by MS saw our place in their community. We have also been building a new-look website in keeping with this brand refresh, which will launch in the first quarter of 2022. Our aim is to improve our content, accessibility and search engine optimisation so we can reach more people affected by MS. We also launched our Instagram page which has enabled us to engage with a whole new audience.

Visits and engagement with our website and all our social channels continue to grow. This has meant that as we run awareness campaigns such us MS Awareness Week and Mental Health Awareness Week, we know that we are able to provide information to more people than ever before.

This year we also launched our Understanding MS eLearning course and developed our Counselling People with MS course which will be ready for promotion in the new year. These courses provide us with a new wayofincreasing people’s understanding of MS and how best to support them.

Strategic priority 3: Managing our charity as efficiently and effectively as possible

The sale of our premises completed this year and we are now settled in to our new home. The majority of the team are now working back in the office, some full time and others hybrid. We continue to prioritise staff wellbeing and were pleased to see the return of our team days

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Trustees’ Report (continued) For the Year Ended 31 December 2021

and staff development sessions which are highly valued by the team. Each year we conduct a staff satisfaction survey and are proud of our results which included and overall satisfaction score of9 out of 10.

We were unable to offer as many volunteering opportunities as we had hoped, as the pandemic continued to interrupt events. However, there were a good number of new people able to come forward and volunteer for us to new roles such as volunteer counsellors and volunteer peer pod coordinators.

We hoped to grow our virtual events and were pleased with how well many of these performed, especially our Dog Walk early in the year. The return of some in-person events such as the London Marathon later in the year were very much welcomed by us and enabled us to raise more funds that originally anticipated this year. We also performed well on income from trusts and foundations and are grateful that these organisations value our work.

Following our board appraisal and a skills audit, we began a board recruitment process. We are keen to increase the diversity, expertise and experience of our board. This should be completed by the end ofthe[first][quarter][ of][ 2022.]

Financial review

Last year, we took the decision to sell our properties so we could be in a strong position to withstand the continued impact of the pandemic on our ability to fundraise. We are pleased that as the short-term impact of the pandemic comes to an end, we are in a strong financial position to ensure we are here for people affected by MS. The sale was completed this year and these funds are recorded in our accounts below. We have set aside a designated fund which we hope to build up over time to allow us to purchase a new property for the charity, once we have sufficient funds.

We are very aware of our economic environment, and that we must budget prudently to offset the continued impact of the pandemic on the lives of our fundraisers and supporters and their ability to give. We are keen to build upon our plans of[diversifying][our] income and are pleased with the funds we have secured from trusts and foundations this year.

We continue not to accept money from companies manufacturing pharmaceuticals lest this should compromise our position, or perceived position on providing unbiased information and support to people affected by multiple sclerosis. We are therefore particularly grateful to all those individuals who have either personally, or through their place of work, supported MS-UK this year, as well as our funders and volunteers that provide support in their own time.

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Trustees’ Report (continued) For the Year Ended 31 December 2021

:

This year our income, compared with 2020, increased by £145,671, (18%). We also increased our expenditure by £42,391, (5%). For 2021 we are reporting a surplus of £67,346 for the year (2020 a deficit of £35,934).

We have also reviewed our reserves policy this year and agreed to keep our current policy to maintain free cash reserves at a minimum ofsix months operating costs (after fixed assets, restricted and designated funds). This is to ensure the charity can continue current activities and commitments in the event of any significant drops in funding. Free cash reserves reported in these accounts are £958,837.

Plans for next year

Each of our activities in the coming year fall under one of our strategic aims:

Supporting people affected by multiple sclerosis to be healthier and happier

To continue to provide all our services, and additionally

Increasing understanding of multiple sclerosis

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Trustees’ Report (continued)

For the Year Ended 31 December 2021

Managing our charity as efficiently and effectively as possible

Trustees’9 responsibilities) @ @ @ statement

The trustees (who are also the directors of Multiple Sclerosis-UK Limited for the purposes of company law) are responsible for preparing the trustees’ annual report and the financial statements in accordance with applicable law and regulations.

Company law requires the trustees to prepare financial statements for each financial year. Under that law the trustees have elected to prepare the financial statements in accordance with United Kingdom Generally

Accepted Accounting Practice (United Kingdom Accounting Standards and applicable law).

Under company law the trustees must not approve the financial statements unless they are satisfied that they give a true and fair view of the state of affairs of the charity and the income and expenditure of the charity for that period.

In preparing these financial statements, the trustees are required to

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Trustees’ Report (continued) For the Year Ended 31 December 2021

The trustees are responsible for keeping adequate accounting records that are sufficient to _ theshowfinancial and explainpositionthe ofcharity’s the charitytransactions and enableand themdiscloseto ensurewith reasonablethat the financialaccuracystatementsat any time 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 are responsible for the maintenance and integrity of the corporate and financial information included on the charitable company’s website. Legislation in the United Kingdom governing the preparation and dissemination of[financial][statements] may[ differ][ from] legislation in other jurisdictions.

Trustees’ 9 i)indemnity@

Throughout the year an indemnity insurance policy was in place covering the trustees.

Small @ @ company provisions

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

Approved by order of themembers of the board of[Trustees][on] : I Wey Lez and signed on their behalf by:

Mr M Swan Chair

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Independent Examiner’s Report

For the Year Ended 31 December 2021

Independent examiner’s report to the Trustees of Multiple Sclerosis-UK Limited (‘the charity’)

| report to the charity Trustees on my examination of the accounts of the charity for the year ended 31 December 2021.

Responsibilities and basis of report

As the Trustees of the charity (and 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 charity are not required to be audited under Part 16 of the 2006 Act and are eligible for independent examination, | report in respect of my examination of the charity’s accounts carried out under section 145 of the Charities Act 2011 (‘the 2011 Act’). In carrying out my examination | have followed the Directions given by the Charity Commission under section 145(5)(b) of the 2071 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. | confirm that | am qualified to undertake the examination because | am a member of ICAEW, which is one ofthe listed bodies.

| have completed my examination. | 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 charity 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)].

| have no concerns and have come across no other matters in connection with the examination

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Independent Examiner’s Report (continued) For the Year Ended 31 December 2021

to which attention should be drawn in this report in order to enable a proper understanding of the accounts to be reached.

This report is made solely to the charity’s Trustees, as a body, in accordance with Part 4 of the Charities (Accounts and Reports) Regulations 2008. My work has been undertaken so that | might state to the charity’s Trustees those matters | am required to state to them in an Independent examiner’s report and for no other purpose. To the fullest extent permitted by law, | do not accept or assume responsibility to anyone other than the charity and the charity’s Trustees as a body, for my work or for this report.

Signed: ye.

Dated: @* Sve tere

Thomas Maddocks ACA FMAAT

Griffin Chapman

Chartered Accountants

4 & 5 The Cedars, Apex 12 Old Ipswich Road Colchester

CO7 7QR

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Statement of financial activities (incorporating income and expenditure account) For the Year Ended 31 December 2021

As restated
Restricted Unrestricted Total Total
funds funds funds funds
2021 2021 2021 2020
Note £ £ £ £
Income from:
Donations and legacies 3 « 265,775 265,775 88,632
Charitable activities 4 314,967 66,061 381,028 413,074
Other trading activities 5 - 245,661 245,661 288,511
Investments 6 - 637 637 752
Other income 7 - 43,539 43,539 -
Total income 314,967 621,673 936,640 790,969
Expenditure on:
Raising funds 8 - 261,629 261,629 256,806
Charitable activities 186,491 421,174 607,665 570,097
Total expenditure 186,491 682,803 869,294 826,903
Net income/(expenditure) 128,476 (61,130) 67,346 (35,934)
Transfers between funds 22 52,057 (52,057) - -
Net movement in funds 180,533 (113,187) 67,346 (35,934)
Reconciliation of funds:
Total funds brought forward as
previously stated 38,137 1,069,947 1,108,084 1,144,018
Prior year adjustment - 19,635 19,635 19,635
Total funds brought forward as
restated 38,137 1,089,582 1,127,719 1,163,653
Net movement in funds 180,533 (113,187) 67,346 (35,934)
Totalfundscarriedforward 218,670 976,395 1,195,065 1,127,719

The Statement offinancial activities includes all gains and losses recognised in the year.

The notes on pages 19 to 36 form part of these financial statements.

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Balance sheet

As at 31 December 2021

As restated
2021 2020
Note £ £
Fixed assets
Tangible assets 15 17,558 527,266
17,558 527,266
Current assets
Debtors 16 158,665 57,797
Investments 17 200,000 75,000
Cash at bank and in hand 848,080 558,195
1,206,745 690,992
Creditors: amounts falling due within one
year		 18 (29,238) (77,731)
Net current assets 1,177,507 613,261
Total assets less current liabilities 1,195,065 1,140,527
Creditors: amounts falling due after more
than one year 19 - (12,808)
Net assets excluding pension asset 1,195,065 1,127,719
Total net assets 1,195,065 1,127,719
Charity funds
Restricted funds 22 218,670 38,137
Unrestricted funds 22 976,395 1,089,582
Totalfunds 1,195,065 1,127,719

The charity was entitled to exemption from audit under section 477 of the Companies Act 2006.

The members have not required the company to obtain an audit for the year in question in accordance with section 476 of Companies Act 2006.

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

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

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(Continued) As at 31 December 2021

|

The financial statements were approved and authorised for issue by the Trustees on LH Mow Zor. and signed on their behalf by:

Mr M Swan

Trustee

The notes on pages 19 to 36 form part of these financial statements.

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Statement of cash flows

For the Year Ended 31 December 2021

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|||||||||||| |---|---|---|---|---|---|---|---|---|---|---| |2021|2020| |£|£| |Cash|flows|from|operating|activities| |Net|cash|used|in|operating|activities|(110,441)|(1,448)| |Cash|flows|from|investing|activities| |Interest|received|637|752| |Proceeds|from|the|sale|of fixed|assets|573,500|-| |Purchase|of tangible|fixed|assets|(10,160)|(10,023)| |Net|cash|provided|by/(used|in)|investing|activities|563,977|(9,271)| |Cash|flows|from|financing|activities| |Repayments|of borrowing|(38,013)|(24,748)| |Interest|paid|(638)|(1,546)| |Net|cash|used|in|financing|activities|(38,651)|(26,294)| |Change|in|cash|and|cash|equivalents|in|the|year|414,885|(37,013)| |Cash|and|cash|equivalents|at|the|beginning|of the|year|633,195|670,208| |Cash|and|cash|equivalents|at|the|end|of the|year|1,048,080|633,195|

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The notes on pages 19 to 36 form part of these financial statements.

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_ Multiple Sclerosis-UK Limited (A company limited by guarantee)

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Notes to the Financial Statements For the Year Ended 31 December 2021

1. General information

Multiple Sclerosis-UK Limited is a company limited by guarantee, registered in England and Wales, registration number 02842023. The address of the registered office is D3, Knowledge Gateway, Nesfield Road, Colchester, Essex, CO4 3ZL. It is also a registered charity, registration number 1033731. Further details are included in the Trustees’ Report. |

2. Accounting policies

2.1 Basis of preparation of financial statements

The financial statements 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), the Financial Reporting Standard applicable in the UK and Republic of[Ireland][(FRS][102)][and][the] Companies Act 2006.

Multiple Sclerosis-UK Limited meets the definition ofa public benefit entity under FRS 102. . Assets and liabilities are initially recognised at historical cost or transaction value unless otherwise stated in the relevant accounting policy.

2.2 Going concern

The financial statements have ben prepared on a going concern basis as the trustees are of the view that the charity will continue in operational existence for the foreseeable future.

In forming their view, they have considered and revised the plans and budgets to respond to and address the impact of COVID-19. The charity has responded positively to these challenges during 2021, identifying and growing new opportunities to raise funds and meet service user needs in an effective manner.

They have considered the closing position of the charity at 31 December 2021 showing strong positive levels of cash, net current assets, unrestricted funds and carefully considered budgetted plans for future periods.

2.3 Income

All income is recognised once the charity has entitlement to the income, it is probable that the income will be received and the amount of income receivable can be measured reliably.

The recognition of income from legacies is dependent on establishing entitlement, the probability of receipt and the ability to estimate with sufficient accuracy the amount

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Notes to the Financial Statements For the Year Ended 31 December 2021

2. Accounting policies (continued)

receivable. Evidence of entitlement to a legacy exists when the charity has sufficient evidence that a gift has been left to them (through knowledge of the existence ofa valid will and the death of the benefactor) and the executor is satisfied that the property in question will not be required to satisfy claims in the estate. Receipt ofa legacy must be recognised when it is probable that it will be received and the fair value of the amount receivable, which will generally be the expected cash amount to be distributed to the charity, can be reliably measured.

Grants are included in the Statement offinancial activities on a receivable basis. The balance of income received for specific purposes but not expended during the period is shown in the relevant funds on the Balance sheet. Where income is received in advance of entitlement of receipt, its recognition is deferred and included in creditors as deferred income. Where entitlement occurs before income is received, the income is accrued.

Donated services and facilities are included at the value to the charity where this can be quantified. The value of services provided by volunteers has not been included in these accounts in accordance with the Statement of Recommended Practice. Due to the practical difficulties involved in valuing a large number of low value items, goods donated for resale through the charity’s online shop are included as income when they are sold.

Income tax recoverable in relation to donations received under Gift Aid or deeds of covenant is recognised at the time of the donation.

Income tax recoverable in relation to investment income is recognised at the time the investment income is receivable.

Other income is recognised in the period in which it is receivable and to the extent the goods have been provided or on completion of the service.

2.4 Expenditure

Expenditure is recognised once there is a legal or constructive obligation to transfer economic benefit to a third party, 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 classified by activity. The costs of each activity are made up of the total of direct costs and shared costs, including support costs involved in undertaking each activity. Direct costs attributable to a single activity are allocated directly to that activity. Shared costs which contribute to more than one activity and support costs which are not attributable to a single activity are apportioned between those activities on a basis consistent with the use of resources. Central staff costs are allocated on the basis of time

20

' Multiple Sclerosis-UK Limited (A company limited by guarantee)

\ MS-UK Supporting your MS[journey]

Notes to the Financial Statements For the Year Ended 31 December 2021

2. Accounting policies (continued)

spent, and depreciation charges allocated on the portion of the asset’s use.

Expenditure on raising funds includes all expenditure incurred by the charity to raise funds for its charitable purposes and includes costs of all fundraising activities events and non-charitable trading.

Expenditure on charitable activities is incurred on directly undertaking the activities which further the charity’s objectives, as well as any associated support costs.

All expenditure is inclusive of irrecoverable VAT.

2.5 Interest receivable

Interest on funds held on deposit is included when receivable and the amount can be measured reliably by the charity; this is normally upon notification of the interest paid or payable by the institution with whom the funds are deposited.

2.6 Tangible fixed assets and depreciation

Tangible fixed assets are initially recognised at cost. After recognition, under the cost model, tangible fixed assets are measured at cost less accumulated depreciation and any accumulated impairment losses. All costs incurred to bring a tangible fixed asset into its intended working condition should be included in the measurement of cost.

Depreciation is charged so as to allocate the cost of tangible fixed assets less their residual value over their estimated useful lives.

Depreciation is provided on the following basis:

Freehold property — 2% straight line Improvements to property —— 2% straight line Fixtures and fittings — 25% reducing balance Office equipment — 25% reducing balance

No depreciation is provided on land.

2.7 Debtors

Trade and other debtors are recognised at the settlement amount after any trade discount offered.

Prepayments are valued at the amount prepaid net of any trade discounts due.

21

’ Multiple Sclerosis-UK Limited (A company limited by guarantee)

SN MS-UK Supporting your MS journey

Notes to the Financial Statements

For the Year Ended 31 December 2021

2. Accounting policies (continued)

2.8 Cash at bank and in hand

Cash at bank and in hand includes cash and short-term highly liquid investments with a short maturity of three months or less from the date of acquisition or opening of the deposit or similar account.

2.9 Liabilities and provisions

Liabilities are recognised when there is an obligation at the Balance sheet date as a result ofa past event, it is probable that a transfer of economic benefit will be required in settlement, and the amount of the settlement can be estimated reliably.

Liabilities are recognised at the amount that the charity anticipates it will pay to settle the debt or the amount it has received as advanced payments for the goods or services it must provide.

Provisions are measured at the best estimate of the amounts required to settle the obligation. Where the effect of the time value of money is material, the provision is based on the present value of those amounts, discounted at the pre-tax discount rate that reflects the risks specific to the liability. The unwinding of the discount is recognised in the Statement of financial activities as a finance cost.

2.10 Financial instruments

The charity only has financial assets and financial liabilities ofa kind that qualify as basic financial instruments. Basic financial instruments are initially recognised at transaction value and subsequently measured at their settlement value with the exception of bank loans which are subsequently measured at amortised cost using the effective interest method.

2.11 Fund accounting

General funds are unrestricted funds which are available for use at the discretion of the Trustees in furtherance of the general objectives of the charity and which have not been designated for other purposes. )

Designated funds 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.

Restricted funds are funds which are to be used in accordance with specific restrictions imposed by donors or which have been raised by the charity for particular purposes. The costs of raising and administering such funds are charged against the specific fund. The aim and use of each restricted fund is set out in the notes to the financial statements.

Investment income, gains and losses are allocated to the appropriate fund.

22

_ Multiple Sclerosis-UK Limited (A company limited by guarantee)

=N\ MS-UK Supporting your MS journey

|

Notes to the Financial Statements For the Year Ended 31 December 2021

3. Income from donations and legacies

Unrestricted Total Total
funds funds funds
2021 2021 2020
£ £ £
Donations and Gift aid 82,998 82,998 80,772
Legacies 182,777 182,777 7,860
265,775 265,775 88,632
Total2020 88,632 88,632

4. Income from charitable activities

Restricted Unrestricted Total Total
funds funds funds funds
2021 2021 2021 2020
£ £ £ £
Grants 314,967 - 314,967 356,214
Other income - 11,996 11,996 819
Government JRS Grants - 2,517 2,517 8,855
New pathways subscriptions - 35,167 35,167 37,105
Support sessions - 16,381 16,381 -
Josephs Court wellness centre - - - 10,081
314,967 66,061 381,028 413,074
Total2020 356,214 56,860 413,074

23

’ Multiple Sclerosis-UK Limited (A company limited by guarantee)

S\ MS-UK Supporting your MS journey

Notes to the Financial Statements For the Year Ended 31 December 2021

5. Income from fundraising activities Income from fundraising events

----- Start of picture text -----
||||||| |---|---|---|---|---|---| |Unrestricted|Total|Total| |funds|funds|funds| |2021|2021|2020| |£|£|£| |Fundraising|227,790|227,790|267,787| |Advertising|and|other|17,871|17,871|20,724| |245,661|245,661|288,511| |Total|2020|288,511|288,511|

----- End of picture text -----

6. Investment income

----- Start of picture text -----
||||||||||| |---|---|---|---|---|---|---|---|---|---| |Unrestricted|Total|Total| |funds|funds|funds| |2021|2021|2020| |£|£|£| |Interest|recieved|637|637|752| |Total 2020|752|752| |incoming|resources| |Unrestricted|Total|Total| |funds|funds|funds| |2021|2021|2020| |£|£|£| |Profit/(loss)|on|the|sale|of the|freehold|property|43,539|43,539|-|

----- End of picture text -----

7. Other incoming resources

24

' Multiple Sclerosis-UK Limited (A company limited by guarantee)

=\ MS-UK Supporting your MS[journey]

Notes to the Financial Statements For the Year Ended 31 December 2021

8. Expenditure on raising funds Costs of raising voluntary income

Restricted Unrestricted Total Total
funds funds funds funds
2021 2021 2021 2020
£ £ £ £
Direct fundraising costs - 202,472 202,472 192,456
Support costs - 59,157 59,157 64,350
- 261,629 261,629 256,806
Total2020 192,456 64,350 256,806

9. Expenditure on charitable activities

Charitable Support Total Total
activities costs funds funds
2021 2021 2021 2020
£ £ £ £
Information and support services 442,403 165,262 607,665 570,097
Total2020 413,062 157,035 570,097

25

’ Multiple Sclerosis-UK Limited (A company limited by guarantee)

\ MS-UK Supporting your MSjourney

Notes to the Financial Statements For the Year Ended 31 December 2021

10. Further analysis of expenditure on charitable activities

----- Start of picture text -----
|||||||||| |---|---|---|---|---|---|---|---|---| |Restricted|Unrestricted|Total|Total| |funds|funds|funds|funds| |2021|2021|2021|2020| |£|£|£|£| |Direct|costs|140,238|302,165|442,403|413,062| |Support|costs|(note|11)|46,253|116,659|162,912|154,660| |Governance|costs:| |Independent|examination|fees|-|2,350|2,350|2,375| |186,491|421,174|607,665|570,097| |Total|2020|151,812|418,285|570,097| |11. Support costs| |Raising|Charitable|Total|Total| |funds|activities|funds|funds| |2021|2021|2021|2020| |£|£|£|£| |Printing,|postage,|stationery|and|telephone|20,898|56,501|77,399|43,921| |IT|and|equipment|8,994|24,317|33,311|38,298| |Personnel,|professional|fees|and|training|8,319|25,462|33,781|24,419| |Travel|and|subsistence|2,914|7,879|10,793|2,924| |Repairs|and|maintenance|10,429|28,198|38,627|4,147| |General|office|costs,|including|utilities|7,603|20,555|28,158|105,301| |59,157|162,912|222,069|219,010| |Total|2020|65,218|153,792|219,010| |The|costs|have|been|apportioned|on|the|basis|of staff costs.|

----- End of picture text -----

  1. Independent examiner’s remuneration 2021 2020 £ £ Fees payable to the charity's independent examiner for the independent examination of the charity's annual accounts 2,350 2,375

26

’ Multiple Sclerosis-UK Limited (A company limited by guarantee)

~—\' MS-UK Supporting your MS[journey]

Notes to the Financial Statements

For the Year Ended 31 December 2021

13. ‘
 ff
Staff
costs		 9094 2020
£ £
Wages and salaries 492,317 453,738
Employer's national insurance 39,149 34,803
Pension contributions 8,583 6,551
540,049 495,092

The average number of persons employed by the charity during the year was as follows:

2021 2020
No. No.
Charitable activities 12 12
Cost ofgenerating funds 6 6
Management and administration ofthe charity 4 4
22 22

The number of employees whose employee benefits (excluding employer pension costs) exceeded £60,000 was:

2021 2020
No. No.
In the band £60,001 - £70,000 1 1

The senior management team received remuneration totalling £245,650 (2020 : £237,808).

14. Trustees’ remuneration and expenses

During the year, no Trustees received any remuneration or other benefits (2020 - £NIL).

During the year ended 31 December 2021, no Trustee expenses have been incurred (2020 - £NIL).

27

Multiple Sclerosis-UK Limited (A company limited by guarantee)

~\' MS-UK Supporting your MS journey

Notes to the Financial Statements For the Year Ended 31 December 2021

15. Tangible fixed assets

Improve-
Freehold ments to Fixtures and Office
property premises fittings equipment
£ £ £ £ £
Cost or valuation
At 1 January 2021 508,551 75,782 9,540 35,944 629,817
Additions - - 6,716 3,444 10,160
Disposals (508,551) (75,782) - - (584,333)
At 31 December 2021 - - 16,256 39,388 55,644
Depreciation
At 1 January 2021 54,306 14,826 9,224 24,195 102,551
Charge forthe year 3,814 1,137 1,417 3,250 9,618
On disposals (58,120) (15,963) - - (74,083)
At 31 December2021 - - 10,641 27,445 38,086
Net book value
At 31 December 2021 - - 5,615 11,943 17,558
At 31 December2020 454,245 60,956 316 11,749 527,266
Debtors
As restated
2021 2020
£ £
Due within one year
Trade debtors 8,603 10,579
Other debtors 470 3,592
Prepayments and accrued income 149,592 43,626
158,665 57,797

16. Debtors

28

_ Multiple Sclerosis-UK Limited (A company limited by guarantee)

WN MS-UK Supporting your MS journey

Notes to the Financial Statements For the Year Ended 31 December 2021

17. Current asset investments

As restated
2021 2020
£ £
Balances held on deposit 200,000 75,000

18. Creditors: Amounts falling due within one year

As restated
2021 2020
£ £
Bank loans - 25,205
Trade creditors 24,885 42,942
Other creditors 1,126 5,415
Accruals and deferred income 3,227 4,169
29,238 77,731

The bank loans disclosed under creditors falling due within one year are secured.

19. Creditors: Amounts falling due after more than one year

2021 2020
£ £
Bank loans - 12,808

The bank loans disclosed under creditors falling due after more than one year are secured.

29

_ Multiple Sclerosis-UK Limited (A company limited by guarantee)

SX MS-UK Supporting your MS journey

Notes to the Financial Statements For the Year Ended 31 December 2021

20. Financial instruments

2021 2020
£ £
Financial assets
Financial assets measured at transaction price 9,869 10,880
2021 2020
£ £
Financial liabilities
Financial liabilitiesmeasuredattransactionprice 26,011 86,370

Financial assets measured at fair value through income and expenditure comprise debtors and sundry debtors.

Financial liabilities measured at fair value through income and expenditure comprise trade creditors, others creditors and bank loans.

21. Prior year adjustments

A prior year adjustment totalling £19,635 has been made to correctly increase the funds shown in the Statement of Financial Activities. This adjustment reflects an overstatement of liabilities of £16,345 in the previous year, relating to overstated taxation and social security balances, and an understatement of other debtors of £3,290. These errors arose from staff costs being overstated during earlier years.

30

=—N\ MS-UK Supporting your MS journey

Notes to the Financial Statements For the Year Ended 31 December 2021

22. Statement of funds

Statement of funds - current year

----- Start of picture text -----
|||||||||| |---|---|---|---|---|---|---|---|---| |As|restated|Balance|at| |Balance|at|1|31| |January|Transfers|December| |2021|Income|Expenditure|in/out|2021| |General|funds|£|£|£|e|£| |Designated|funds| |Designated|Funds|-|premises|-|-|-|400,000|400,000| |General|funds| |General|Funds-|all funds|1,089,582|621,673|(682,803)|(452,057)|576,395| |Total|Unrestricted|funds|1,089,582|621,673|(682,803)|(52,057)|976,395| |Restricted|funds| |National|Lottery|Community| |Fund|30,874|101,632|(126,717)|29,546|35,335| |National|Lottery|Community| |Fund|-|Covid|7,263|-|(29,774)|22,511|-| |CAF|main|grant|and|resilience| |support|grant|-|183,335|-|-|183,335| |Texel|Foundation|counselling| |grant|-|15,000|(15,000)|-|-| |February|Foundation|-|5,000|(5,000)|-|-| |Edward|Gostling|Foundation|-|5,000|(5,000)|-|-| |Edith|Murphy|counselling|grant|-|5,000|(5,000)|-|-| |38,137|314,967|(186,491)|52,057|218,670| |Total|of funds|1,127,719|936,640|(869,294)|-|1,195,065|

----- End of picture text -----

The National Lottery Community Fund relates to the running of MS-UK Online.

The National Lottery Community Fund - Covid fund relates to core funding for the cost of providing support services.

The CAF main and resiliance grant are to support the delivery of core wellbeing support services. This grant relates to expenditure up to 31 March 2023.

31

” Multiple Sclerosis-UK Limited (A company limited by guarantee)

SN MS-UK Supporting your MS journey

Notes to the Financial Statements For the Year Ended 31 December 2021

22.Statementoffunds (continued)
Statement offunds - prioryear As restated
As restated Balance at
Balance at 31
1 January Transfers December
2020 Income Expenditure in/out 2020
Ee £ £ £ £
Unrestricted designated
funds
Designated funds - premises 445,040 - - (445,040) -
General funds
General funds 682,348 434,755 (472,561) 445,040 1,089,582
Total Unrestrictedfunds 1,127,388 434,755 (472,561) - 1,089,582
Restricted funds
Restricted asset fund 4,148 - (4,148) - -
National LotteryCommunity
Fund 16,364 98,869 (84,359) - 30,874
National Lottery Community
Fund - Covid - 189,793 (182,530) - 7,263
Essex Community Foundation -
Core - 10,000 (10,000) - -
Schreier Foundation - 5,000 (5,000) - -
February Foundation - 5,000 (5,000) - -
Edward Gostling Foundation - 10,000 (10,000) - -
Community 360 Chest Fund 1,327 - (1,327) - -
Active Essex 2,000 - (2,000) - -
Colchester Borough Council - 10,000 (10,000) - -
Edith Murphy Foundation - 5,000 (5,000) - -
Essex Community Foundation -
‘Counselling 7,426 - (7,426) - -
The Light Fund 5,000 - (5,000) - -
John Harrison Charitable
Foundation - 7,000 (7,000) - -
Texel Foundation counselling
grant - 5,000 (5,000) - -
32

' Multiple Sclerosis-UK Limited (A company limited by guarantee)

=N\ MS-UK Supporting your MS journey

Notes to the Financial Statements

For the Year Ended 31 December 2021

  1. Statement of funds (continued) Statement of funds - prior year (continued)

----- Start of picture text -----
|||||||||| |---|---|---|---|---|---|---|---|---| |As|restated| |As|restated|Balance|at| |Balance|at|31| |7|January|Transfers|||December| |2020|Income|Expenditure|in/out|2020| |£|E|£|£|£| |W O|Street|-|5,000|(5,000)|-|-| |Active|Essex|LDP|~|-|2,500|(2,500)|-|-| |Aviva|Crowd|Funding|-|3,052|(3,052)|-|-| |36,265|356,214|(354,342)|-|38,137| |Total|of funds|1,163,653|790,969|(826, 903)|=|1,127,719|

----- End of picture text -----

23. Summary of funds

Summary of funds - current year

----- Start of picture text -----
As restated Balance at
Balance at 1 31
January Transfers December
2021 Income Expenditure in/out 2021
£ £ £ £ £
Designated funds - - - 400,000 400,000
General funds 1,089,582 621,673 (682,803) (452,057) 576,395
Restricted funds 38,137 314,967 (186,491) 52,057 218,670
1,127,719 936,640 (869,294) - 1,195,065
----- End of picture text -----

33

' Multiple Sclerosis-UK Limited (A company limited by guarantee)

=N\ MS-UK Supporting your MS journey

Notes to the Financial Statements For the Year Ended 31 December 2021

  1. Summary of funds (continued) Summary of funds - prior year
As restated
As restated Balance at
Balance at 37
1 January Transfers December
2020 ~=Income Expenditure in/out 2020
£ £ £ £ £
Designated funds 445,040 - - (445,040) -
General funds 682,348 434,755 (472,561) 445,040 1,089,582
Restricted funds 36,265 356,214 (354,342) - 38,137
1,163,653 790,969 (826,903) - 1,127,719
Analysis ofnetassetsbetween funds
Analysis ofnetassets between funds - currentyear year
Restricted Unrestricted Total
funds funds funds
2021 2021 2021
£ £ £
Tangible fixed assets - 17,558 17,558
Current assets 218,670 988,075 1,206,745
Creditors due within one year - (29,238) (29,238)
Total 218,670 976,395 1,195,065
Analysis of net assets between funds- prioryear Asrestated
Restricted Unrestricted Total
funds funds funds
2020 2020 2020
£ £ £
Tangible fixed assets - 527,266 527,266
Current assets 38,137 652,855 690,992
Creditors due within one year - (77,731) (77,731)
Creditors due in more than one year - (12,808) (12,808)
Totalfosrestator 38,137 1,089,582 1,127,719

24. Analysis of net assets between funds

34

_ Multiple Sclerosis-UK Limited (A company limited by guarantee)

SX MS-UK Supporting your MS journey

Notes to the Financial Statements For the Year Ended 31 December 2021

24. Analysis of net assets between funds (continued)

25. Reconciliation of net movement in funds to net cash flow from operating activities

2021 2020
£ 4
Net
income/expenditure		 for the year (as per Statement of Financial
Activities) 67,346 (35,934)
Adjustments for:
Depreciation charges 9,618 10,625
Interest paid 638 1,546
Interest received (637) (752)
(Profit)/ Loss on disposal offixed assets (43,539) 26,045
(Increase)/Decrease in debtors (104,158) (43,012)
Increase/(Decease) in creditors (39,709) 40,034
Netcashusedinoperatingactivities (110,441) (1,448)

26. Analysis of cash and cash equivalents

2021 2020
£ e
Cash in hand 848,080 558,195
Notice deposits (less than 3 months) 200,000 75,000
Totalcashandcashequivalents 1,048,080 633,195

35

' Multiple Sclerosis-UK Limited (A company limited by guarantee)

~\ MS-UK Supporting your MSjourney

Notes to the Financial Statements For the Year Ended 31 December 2021

27. Analysis of changes in net debt

27. AnalysisAnalysis of changeschanges in net debtdebt
At 1 At 31
January December
2021 Cash flows 2021
£ £ £
Cash at bank and in hand 558,195 289,885 848,080
Debt due within 1 year (25,205) 25,205 -
Debtdue after 1 year (12,808) 12,808 -
Liquid investments 75,000 125,000 200,000
595,182 452,898 1,048,080
Operating leasecommitments
At 31 December 2021 the charity had commitments to make future minimum lease payments under non-
cancellable operating leases as follows:
2021 2020
£ £
Not later than 1 year 30,443 -
Later than 1 year and not later than 5 years 48,288 -
78,731 -

28. Operating lease commitments

29. Company limited by guarantee

The company is limited by guarantee without share capital. The liability of the members is limited.

Every member of the company undertakes to contribute to the assets of the company in the event of the company being wound up while they are a member, or within one year after they cease to be a member, for payment of the debts and liabilities of the company contracted before they cease to be a member and of the costs, charges and expenses of winding up and for the adjustment of the rights of the contributories among themselves, such as may be required not exceeding £1.

If upon the winding-up or dissolution of the company there remains, after the satisfaction ofall debts and liabilities, any property whatsoever, the samr shall not be paid to or distributed among the members of the company, but shall be given or transferred to some other charitable institution or institutions having objects similar to the objects of the company and which shall prohibit the distribution of its or their income and property to any extent at least as great as is imposed on the company under or by virtue the Memorandum and Articles of Association.

36