2023-12-31-accounts

SV’ MS-UK Supporting your MSjourney

Multiple Sclerosis-UK Limited

(A company limited by guarantee) Unaudited

Trustees’ report and financial statements

For the Year Ended 31 December 2023

Registered number: 02842023 Charity number: 1033731

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

\ MS-UK : gupeeriiiSour kia eurdey

Contents

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

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

ON MS-UK sipsartina veur Ms adcier

Reference and Administrative Details of the Charity, its Trustees and Advisers For the Year Ended 31 December 2025

Trustees	Matthew Swan, Chair	Philip Startin
	Michael Herington	Charles Stebbings
	Claire Rowles	Rebecca Armstrong
	Fiona Corrigan	Laura Marsden
	(resigned 10 August 2023)	suzanne Rafla
	Laura Shukla
Company registered
number	02842023
Charity registered
number	1033731
Registered office	D3 Knowledge Gateway
	Nesfield Road
	Colchester
	Essex
	CO4 3ZL
Chiefexecutive officer	AmyWoolf
Independent examiner	Griffin Chapman
	Chartered Accountants
	4 & 5 The Cedars, Apex 12
	Old Ipswich Road
	Colchester
	Essex
	CO77QR

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

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Wh MS-UK
eiooruna yeti ia eulenes
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Trustees’ Report For the Year Ended 31 December 2023

Trustees’ report U p

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 2023. 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;

Rebecca Armstrong Charles Stebbings Michael Herington Matthew Swan (Chair) Claire Rowles (previously Offord) Retirement of trustees Fiona Corrigan (previously Sakal, The following trustees are to retire in resigned 10 August 2023) accordance with the Articles of Association Laura Marsden and, being eligible, offered themselves for Suzanne Rafla re-appointment Laura Shukla Michael Herington Matthew Swan Philip Startin Laura Shukla

Resignation of trustees

Fiona Corrigan resigned on 10 August 2023 having served 16 years as a trustee. The board thank Fiona for her dedication and commitment of the charity.

Senior management personnel

The senior management personnel throughout the year were the following;

Chief Executive, Amy Woolf

Communications Manager, Sarah-Jane Elliott Fundraising Manager, Jill Purcell General Manager, Sarah Wright Head of Services, Diana Crowe

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

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Trustees’ Report (continued) For the Year Ended 31 December 2023

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 strategic direction of MS-UK. This year we developed a new three-year strategy outlining the priorities for the charity based on what our community have told us they want from us. The strategy can be found on our website at www.ms-uk.org/aboutus.

Our board now consists of nine members, and each are committed to ensuring that the charities’ governance arrangements are effective. The board meet quarterly to fulfil its duties and hold an additional strategy day for the board and management team.

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.

All policies and procedures are reviewed in keeping with our review schedule, and new policies and procedures are adopted as required.

At the time of our AGM, the board reviewed the charities’ governing document and was satisfied that it continued to be fit for purpose.

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

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 considering the charity’s budget, performance to strategy, individual performance, and market analysis.

The trustees monitor the risks faced by MS-UK at each board meeting and conduct a robust and thorough review of the risk register at least once annually. The board are therefore able to be fully aware ofthe risks the charity faces and can ensure controls, policies and procedures are in place to deal with any issues effectively should they arise.

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

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Wi MS-UK
Suoporeiia yode kaa aur riey
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Trustees’ Report (continued) For the Year Ended 31 December 2023

The main risk faced by MS-UK is our reliance on public fundraising to support our services. Income from fundraising events and community fundraising increased toward the second half of the year which was promising after two years of pandemic restrictions followed by the cost-of-living impacts. However, we continue to budget carefully and are focussing on ensuring we develop new fundraising opportunities with our community.

Two other key risks we are facing are those associated with losing key staff and the impact of our macroeconomic environment. As a small team any role can be vital, and we are aware that recruitment and on-boarding of skilled staff can have significant cost and cause delays in our work plans. We therefore ensure that we treat our colleagues well, offer them fair renumeration and are flexible wherever possible so we can retain our talented and committed team. Regarding the macroeconomics, we have opened new savings accounts to achieve better returns on our reserves. We also review all service and supplier contracts to ensure we are achieving the best value we can, particularly considering rising prices.

Objects@ and activities® @ @

MS-UK is a national charity formed in 1993. We are dedicated to improving the understanding of MS and providing support where it is needed most.

MS is an incurable condition that affects the central nervous system - your brain and spinal cord. The symptoms people experience varies 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 asthe 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. Working alongside the MS community, we aim to provide the support and services people need to actively manage their condition and improve their health and wellbeing.

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

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Trustees’ Report (continued) For the Year Ended 31 December 2023

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

• To promote and protect the physical and mental health of those affected by multiple sclerosis through the provision of information, support, engagement, and awareness including the provision of recreational activities

• ° The advancement of education of those affected by multiple sclerosis in any treatment, therapy or subject relating to multiple sclerosis including the promotion of research

The trustees confirm they have due regard to the Charity Commission’s guidance on public benefit and that the charity’s core activities are in keeping with our objects. Our activities and their performance this year are outlined here.

Online activities

We provide a wide range of online classes, courses, and information sessions all online and therefore accessible to anyone in the UK. Our exercise and chair yoga 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 also provide regular mindfulness courses which are available as a four or eightweek course. Attendees are then able to support one another to continue the practice in their daily lives after they have completed a course.

Our information sessions have included a wide range of subjects such as mental health and exercise, bladder and bowel, and diet and supplements. We regularly ask our community to let us know what subjects they would like us to include and either deliver these sessions ourselves, or where particularly specialist, we seek to partner with an external expert.

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, young people and carers.

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

Trustees’ Report (continued)

For the Year Ended 31 December 2023

MS-UK Helpline

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 WhatsApp. 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 on a wide range of subjects available on our website and in print.

New Pathways

Our bi-monthly magazine is a go-to resource for people affected by MS. The magazine has beena 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 practical 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 as well as what’s worked well for them.

eLearning and training

We have developed two online courses - Understanding MS, and Counselling people with MS. These interactive digital courses include both MS-related information and the lived experiences of people affected by MS. The courses are primarily aimed at professionals looking to increase their knowledge of MS and better support their clients.

We also run regular webinars for professionals looking to learn more about MS and its impact. Some of our webinars are tailored specifically to particular types of professionals such as Social Prescribers or care providers. Others are more general sessions open to any profession or members of the public. All sessions are run by a member of our helpline team and a person living with MS to ensure they include lived experience.

Achievements6 and performance eindicators@

Our 2022 annual accounts set out our plans for the year. Our performance against these plans as well as additional unplanned achievements is outlined here.

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

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Supporting your MS journey
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Trustees’ Report (continued) For the Year Ended 31 December 2023

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

Online activities

In 2023 we were able to increase the offering of the online service for the MS community, reaching more people to help support them in managing their wellbeing and the impact of their MS. This included hosting more activities across the year including trialling four new weekly classes and increasing the number of monthly information sessions.

Exercise and chair yoga classes remained the core of our online weekly classes throughout the year. With capacity to offer more weekly classes we asked our service users what alternative classes they would like to see. Taking the top suggestions, we were able to establish two new weekly classes of gigong and meditation from October.

Our annual survey has demonstrated some impressive results in terms of the difference these activities have made for people living with MS. Our exercise classes attendees have reported being able to maintain or improve their experience ofa number of symptoms, including muscle strength 96% (of people reported this), mobility 84%, posture 79%, balance 78% and mood 85%.

Similarly, for those attending chair yoga classes, we received the following reported outcomes. Strength 85%, balance 84%, posture 90%, levels of stress 94%, levels of anxiety 94% and quantity or quality of sleep 70%.

All attendees of Qigong reported maintaining or improving their energy levels, mental health and levels of stress and anxiety. 82% reported maintenance or improvements in balance.

The measures for those taking part in guided mediation were levels of stress and anxiety 88%, quantity or quality of sleep 60%, experience of pain 50% and experience of fatigue 73%.

We were able to launch our new portal area in March that has helped us to streamline the registration process for clients and to share recordings more easily providing an ‘on demand’ option to those unable to make it to the live classes.

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

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Wi MS-UK
Suaporting your Mé journey
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Trustees’ Report (continued)

For the Year Ended 31 December 2023

‘Participating in exercise classes designed specifically for individuals with MS has been a positive and transformative experience for me. These classes offer a holistic approach to health and wellness, and the benefits they provide are nothing short of remarkable.

Dr Gretchen Hawley continued her regular monthly information sessions on twelve MS focused subjects, including revisiting topics of spasticity, fatigue management and neuroplasticity. We also introduced new topics including posture and core, pain and mental health and exercise.

In addition, we held twenty other information sessions and workshops on a range of topics. This included working in collaboration with our helpline team to deliver sessions on a wider range of subjects including cognition, newly diagnosed, mental health, bladder and bowel and PIP.

We held four mindfulness courses, with two eight-week and three four-week courses taking place. Thirty-two participants completed the courses and the feedback from the end of course surveys included improved self-compassion, reduction in stress, improvements in managing the impact of MS symptoms and improved outlook for themselves and their MS.

‘Stress management was taught in such a gentle way and made a huge difference to my stress levels and inflammation overall. The tools provided and the learnings from the course are invaluable,

The following percentages of people confirmed that the mindfulness courses have heloed them maintain or improve their symptoms - levels of stress 92%, levels of anxiety 82%, quantity or quality of sleep 64%, experience of pain 47% and experience of fatigue 59%.

Our peer pods continued to grow and offer an invaluable network and community of support for those joining the pods. The service saw three new pods added to the timetable, with over 240 more pod attendances than the previous year, plus 59 new users to the service.

During the year we ran a survey of peer pod attendees and 94 per cent said the peer pod gave them a sense of belonging to a community. 88 per cent said they gained emotional support and 90 per cent said they gained practical support. Also, 68 per cent said they had formed long-lasting friendships.

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

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Supporting your MS journey
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Trustees’ Report (continued) For the Year Ended 31 December 2023

‘l was very lonely and spent most of the day watching TV. Because of the pod | have now made friends. | do yoga, aerobics and boxing on zoom with a good friend who | met through the pod. I’m part of the book club pod and attend at least one of the pods every week. Peer pods have changed my life. | have left the house once since Christmas so without the support and friendship from the pods my life would be very sad!’

MS-UK Helpline

In 2023, the MS-UK Helpline received a total of 1194 contacts, more that half of these relate to providing emotional support to the caller and represent a 50% increase compared with the previous year. The most common subjects for information calls were around benefits, diagnosis and symptoms.

In August we launched the use of WhatsApp as an alternative way of engaging with the helpline. This was simple to set up and each member of the helpline has access to WhatsApp via a desktop platform. Since its launch we received 64 contacts, covering a variety of subjects. We have learnt that we need to adapt the way in which we respond with these clients. Shorter responses work better for greater engagement.

We run a year-long survey to help measure the difference the service makes to those we support.

96% said they got the information they needed from the MS-UK Helpline.

When broken down 43% said they now know what support is available in their local area and how to access it.

39% said they feel better equipped to make choices and decisions that are right for them

27% said they have a better understanding of treatments available

23% said they knew what they needed to say to their health professional

‘Because it’s a great ‘one-stop shop’ for information and support, and | can’t imagine getting that level of service and that much subject knowledge anywhere else!’

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

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Trustees’ Report (continued)

For the Year Ended 31 December 2023

73% said they contacted us for emotional support and felt they received the support they needed. A further, 50% said it helped to speak with someone who understands MS and 41% said it helped to share their worries and concerns.

This year we updated eight of our information booklets and published a new booklet ‘MS and menopause’ which has been warmly received. These were read online by 30,768 people and an additional 3,514 booklets were posted to individuals and organisations.

‘Today, | received the Choices Booklet ‘Newly Diagnosed with MS’ and | just wanted to write and say it is absolutely awesome! When | was diagnosed in January, | knew nothing and left the Consultant empty handed and was alone. | lost halfa body to numbness in November and this was a quick and surprising end result. | wish I'd known about you and this booklet. It would have helped me in the following 6/9 months of being shocked, newly disabled and completely without information. I’m glad to have it now. Well done.’

New Pathways magazine

Subscriptions to New Pathways have fallen again this year. We believe this is due to two factors, the first being a decline nationally in the appetite for printed magazines and secondly the impact of cost-of living pressures resulting in many people cutting back on non-essential purchases. However, New Pathways continues to be a vital service for many in our community, particularly those that do not access the internet and would otherwise be isolated and unable to keep up to date with latest MS information.

‘| find the articles in it very informative and | can read about latest developments. Other people’s stories are very interesting and help me cope with different situations,

MS-UK Counselling

As planned, we wound down the counselling service at the end of March due to the unsustainable operating model and a lack of funding for mental health services for people with MS. We were pleased to be able to provide counselling to everyone who was on our waiting list, meaning that we did not let down any of our clients. We have developed an online directory of qualified counsellors who have successfully undertaken our Counselling People with MS course, so that people in

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

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Supporting your Rid (Odaner
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Trustees’ Report (continued)

For the Year Ended 31 December 2023

our community have somewhere to turn and trust that the counsellor has knowledge of MS to better support them.

Strategic priority 2: Increasing understanding of multiple sclerosis

eLearning and training

We delivered a total of12MS awareness training sessions to 1,110 professionals. We delivered five generic sessions that were one hour long and, two care provider sessions, two DWP sessions, one housing and one social care session that were 90 minutes long which were tailored for the target audience.

‘Excellent information, interesting webinar, very knowledgeable trainer. It was heartwarming and valuable to hear from Rosie about how her MS affects her and her family. It has given me more confidence on how | can support patients with MS and I’m now aware of local services. I’d recommend this to other Social Prescribing Link Workers.

During 2023, there were 57 enrolments for our MS Awareness course and 35 for our Counselling people with MS course.

‘| have just completed your MS training for counsellors. I’m really grateful for how the training has been put together and how beautifully client centred it felt.

MS awareness week

This year we partnered with the MS Society, MS Trust, MS National Therapy Centres, Shift. MS and Overcoming MS to deliver a joint awareness raising campaign focusing on the mental health impacts of life with MS and recommendations for how different stakeholders could work together to improve mental health support for the community. The campaign was designed with valuable input from people with MS, which helped strengthen its success. We are pleased that all partners have committed to working together for MS Awareness Week 2024.

Podcast

We also piloted our podcast, Let’s Talk MS, with three episodes published so far and two more set to be published in the new year. We've had 631 listeners to date. Topics covered vary from Naturopathy and mindfulness to B12 and dry eyes.

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

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Wi MS-UK
Sa prartine vale Ma acne!
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Trustees’ Report (continued) For the Year Ended 31 December 2023

Strategic priority 3: Managing our charity efficiently and effectively

This year marked MS-UK’s 30th anniversary and we recognised this achievement throughout the year during our awareness campaigns and fundraising activities.

We developed our new strategy for the charity, following a robust process used successfully by us previous years, and ensuring that the MS community participated in developing our plans for the future.

We had two key marketing objectives for the year. The first was to increase the reach of our services, which is demonstrated above. The second was to make more people aware of our fundraising opportunities and we are pleased to report that new fundraisers grew by 84%. This was achieved through implementing our new marketing strategy and increasing the staff team by one additional member which has allowed us to restructure roles and recruit people with specific specialisms.

This investment has also resulted in an increase of 107% in organic website traffic, an 81% increase in page views, a 29% increase in blog readers and a 33% increase in people reading our online news. Similarly, we have experienced growth in our social media channels and email marketing conversion rates, boosting the reach of our services and fundraising.

Fundraising receipts came in at 99.8% of our budget for the year. Whilst the first half of the year was slower, and the impact of two marathons in six months of each other meant that fundraising was harder to achieve, the second half of the year was very strong for both event and community fundraising.

In 2023, we expanded our fundraising activities further to include several successful new activities including two Big Give campaigns, our new London-based challenge The Tower Walk and a knitting challenge. All activities also brought new fundraisers to the charity. We had a record year for Skydiving with the highest number of fundraisers taking on skydiving challenges in one year to date.

‘MS-UK have communicated and encouraged me all the way and I’m so honoured I’m able to do this to raise money and awareness.’

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

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Supporting your MS journey
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Trustees’ Report (continued) For the Year Ended 31 December 2023

Following two campaigns, we increased regular donors by 59% and used The Big Give Christmas Campaign to engage major donors. Income from corporate organisations was not as successful as we hoped, but still represented a growth of 53% on 2022.

We have completed a full review of our CRM, data and processes and have identified a new system we will implement in 2024. This will enable us to integrate many of our systems as well as automate some of our processes, meaning that our staff will be able to put more oftheir focus in to delivering our services and building and maintaining relationships with supporters.

We continue to be an excellent employer and this year won an award for the Best Employers Eastern Region 2023 in their non-profit category. MS-UK achieved real Living Wage accreditation demonstrating our commitment to paying our staff fairly. We also rolled out personal development plans for all our staff, facilitated two team days and three charity-wide development sessions to further increase individual’s skills and enhance teamwork.

We also saw an increase in the amount of support we are incredibly grateful to have received from volunteers this year, with 201 people providing 3,279 hours of their time running peer pods, supporting fundraising activities and undertaking administrative tasks.

We would like to sincerely thank everyone who has made our work possible - our partners, fundraisers, volunteers, funders, the companies that have supported us and our staff team for their dedication and incredible achievements.

Financial review

This year our income, compared with 2022, decreased by £51k (7%). We decreased our expenditure by £75k (8%). For 2023 we are reporting a deficit of £234,310 for the year.

We have operated with planned deficit budgets for the last two years. This reflects our strategy of drawing down on the reserves achieved from selling our property for two main purposes. The first is to offset the impact of the pandemic and cost-of-living crisis on our income and keep our services running. The second is to invest in fundraising and marketing so we can build a strong future for the charity where we can realise our growth plans over the next three years.

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

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Trustees’ Report (continued) For the Year Ended 31 December 2023

To achieve these aims, we are forecasting two further years where expenditure will exceed income, though to a lesser level than in 2023, and are aiming to achieve a balanced operating budget by 2026. This will enable the charity to become more sustainable and ensure we are here for as long as the MS community needs us.

Our reserves policy is to maintain free cash reserves at a minimum of six months operating costs, after fixed assets and restricted 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 £655,762.

After thorough research and discussion with our community and at board meetings, it was agreed that we will continue not to accept funding from pharmaceutical organisations to assure all in our community that we will always put their best interests first.

Plans for next year

Following the development of our new three-year strategy, we have identified the following areas of focus for 2024.

Services

• Support up to 1,500 people through our online activities including weekly exercise classes, four exercise master classes, regular mindfulness courses, and three information sessions each month

• Grow our peer pods to support 225 people

• Provide information and emotional support to 1,200 people through our helpline

• Publish online and print our information booklets reaching more than 30,000 people

• Publish our six issues of our New Pathways magazine

• Provide MS training to at least 1,000 professionals

Fundraising

• Increase our income from events and community fundraising ,

« Partner with Cheshire half marathon as Charity of the Year

• Grow corporate relationships and income, including two activities that workplaces can get involved with and support the charity

• Launch a legacy giving campaign and partner with an organisation that offer free Will to our community members

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

WN MS-UK Supporting your MS journey

Trustees’ Report (continued) For the Year Ended 31 December 2023

Marketing

• Continue with our investment in marketing to the same level as 2023

• « Partner with other national MS charities to deliver a joined-up MS Awareness Week campaign

Core business

• Purchase and embed a new CRM to improve the automation and integration of our processes - Continue to invest in PDPs, training, and the wellbeing of our staff

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

« Select suitable accounting policies and then apply them consistently

• » Observe the methods and principles in the Charities SORP 2019 (FRS102)

• Make judgements and accounting estimates that are reasonable and prudent

• « State whether applicable accounting standards have been followed, subject to any material departures disclosed and explained in the financial statements, and

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Trustees’ Report (continued)

For the Year Ended 31 December 2023

• 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 are sufficient to show and explain the charity’s transactions and 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 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 @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 the members of the board of Trustees on 23 Maw 2o24+r and signed on their behalf by:

M Swan Chair

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independent examiner’s report For the Year Ended 31 December 2023

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 2023.

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 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. | 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 o. 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

4A. 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

17

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

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independent examiner’s report (continued) For the Year Ended 31 December 2023

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 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.

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Signed: oe a.
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Dated: 24 May 202%
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Thomas Maddocks FCA FMAAT

Griffin Chapman

Chartered Accountants

4 & 5 The Cedars, Apex 12 Old Ipswich Road Colchester Essex CO7 7QR

18

Wi MS-UK gudporund your Me louimey

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

Statement of financial activities (incorporating income and expenditure account) For the Year Ended 31 December 2023

		Restricted	Unrestricted	Total	Total
		funds	funds	funds	funds
		2023	2023	2023	2022
	Note	£	£	£	£
Income from:
Donations and legacies	3	21,454	108,266	129,720	181,756
Charitable activities	4	32,000	57,246	89,246	169,095
Other trading activities	5	-	471,616	471,616	404,596
Investments	6	-	16,058	16,058	2,188
Total income		53,454	653,186	706,640	757,635
Expenditure on:
Raising funds	fs	-	341,476	341,476	240,427
Charitable activities		86,686	512,788	599,474	775,383
Total expenditure		86,686	854,264	940,950	1,015,810
Net expenditure		(33,232)	(201,078)	(234,310)	(258,175)
Transfers between funds	19	7,534	(7,534)	-	-
Net movement in funds		(25,698)	(208,612)	(234,310)	(258,175)
Reconciliation of funds:
Total funds brought forward		33,517	903,373	936,890	1,195,065
Net movement in funds		(25,698)	(208,612)	(234,310)	(258,175)
Totalfundscarriedforward		7,819	694,761	702,580	936,890

The Statement of[financial][activities][includes][all][gains] and[losses][recognised][in][the][year.] The notes on pages 22 to 38 form part of these financial statements

19

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

Wh MS-UK eitperting your ia iaurnes

Balance sheet | As at 31 December 2023

			2023		2022
	Note		£		£
Fixed assets
Tangible assets	14		16,056		16,279
			16,056		16,279
Current assets
Debtors	15	82,363		66,487
Investments	16	173,439		621,266
Cash at bank and in hand		490,142		278,558
		745,944		966,311
Creditors: amounts falling due within one
year	17	(59,420)		(45,700)
.
Net current assets			686,524		920,611
Total assets less current liabilities			702,580		936,890
Net assets excluding pension asset			702,580		936,890
Total net assets			702,580		936,890
Charity funds
Restricted funds	19		7,819		33,517
Unrestricted funds	19		694,761		903,373
Totalfunds			702,580		936,890

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.

20

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

Wi MS-UK SUpr etki your Me tates

Balance sheet (continued) As at 31 December 2023

The financial statements were approved and authorised for issue by the Trustees on 2 We, 2e2% and signed on their behalf by:

Matthew Swan Trustee

_ The notes on pages 23 to 42 form part of these financial statements.

21

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

Wo MS-UK Suopering your eas aehey

Statement of cash flows

For the Year Ended 31 December 2023

	2023	2022
	£	£
Cash flows from operating activities
Net cash used in operating activities	(247,197)	(146,824)
Cash flows from investing activities
Interest received	16,058	2,188
Purchase of tangible fixed assets	(5,104)	(3,620)
Net cash provided by/(used in) investing activities	10,954	(1,432)
Cash flows from financing activities
Net cash provided byfinancing activities	-	-
Change in cash and cash equivalents in the year	(236,243)	(148,256)
Cash and cash equivalents at the beginning of the year	899,824	1,048,080
Cashandcashequivalentsattheendoftheyear	663,581	899,824

The notes on pages 23 to 42 form part of these financial statements

22

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

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Wi MS-UK
SiaperHnaycur Pa Cnniee
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Notes to the financial statements

For the Year Ended 31 December 2023

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 been prepared on a going concern basis as the trustees are of the view that the charity will continue in operational existence for at least the next few years.

In forming their view, they have considered and revised the plans and budgets to respond to and address the impact of the challenging economic climate and reduced grant funding. The charity has responded positively to these challenges, identifying and growing opportunities to raise funds whilst meeting service user needs in an effective manner.

They have considered the closing position of the charity at 31 December 2023 showing strong positive levels of cash, net current assets, unrestricted funds and carefully considered budgets and plans for future periods.

23

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

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AN MS-UK
Sipoontnie youre eared
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Notes to the financial statements

For the Year Ended 31 December 2023

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 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 of[financial][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.

24

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

Wi MS-UK Sinneiine dur na cuinay

Notes to the financial statements For the Year Ended 31 December 2023

2. Accounting policies (continued) 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 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.

25

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

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Wi MS-UK
eipearine vaur Meqeueiey
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Notes to the financial statements For the Year Ended 31 December 2025

2. Accounting policies (continued)

• 2.6 Tangible fixed assets and depreciation (continued) 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
Officeequipment	-	25%reducingbalance

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.

• 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 offinancial activities as a finance cost.

26

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

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----- Start of picture text -----
Wi MS-UK
Sl uriewtiaerreuk hace etme?
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Notes to the Financial Statements

For the Year Ended 31 December 2025

2. Accounting policies (continued)

• 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 Pensions

• The charity operates a defined contribution pension scheme and the pension charge represents the amounts payable by the charity to the fund in respect of the year.

• 2.12 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.

27

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

Wi MS-UK aipareina your Kae iuedey

Notes to the Financial Statements

For the Year Ended 31 December 2023

ke Income from donations and legacies

	Restricted	Unrestricted	Total	Total
	funds	funds	funds	funds
	2023	2023	2023	2022
	£	£	£	£
Donations and Gift aid	21,454	101,647	123,101	101,530
Legacies	-	6,619	6,619	80,226
	21,454	108,266	129,720	181,756
Total2022	-	181,756	181,756

4. Income from charitable activities

	Restricted	Unrestricted	Total	Total
	funds	funds	funds	funds
	2023	2023	2023	2022
	£	£	£	£
Grants	32,000	-	32,000	109,314
Other income	-	6,600	6,600	7,509
New pathways subscriptions	-	29,261	29,261	31,761
Support sessions	.	21,385	21,385	20,511
	32,000	57,246	89,246	169,095
Total2022	109,314	59,781	169,095

28

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

—\ MS-UK Supporive toe Aa dre:

Notes to the Financial Statements

For the Year Ended 31 December 2023

5. Income from fundraising activities

Income from fundraising events

		Unrestricted	Total	Total
		funds	funds	funds
		2023	2023	2022
		£	£	£
	Fundraising	459,355	459,355	387,254
	Advertising and other	12,261	12,261	17,342
		471,616	471,616	404,596
	Total2022	404,596	404,596
6.	Investmentincome

	Unrestricted	Total	Total
	funds	funds	funds
	2023	2023	2022
	£	£	£
Interest received	16,058	16,058	2,188
Total2022	2,188	2,188

29

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

XX MS-UK Guoparcne your tae utiey

Notes to the Financial Statements

For the Year Ended 31 December 2023

7. Expenditure on raising funds

Costs of raising voluntary income

	Unrestricted	Total	Total
	funds	funds	funds
	2023	2023	2022
	£	£	ra
Direct fundraising costs	282,044	282,044	185,213
Support costs	59,432	59,432	55,214
	341,476	341,476	240,427
Total2022	240,427	240,427

8. Expenditure on charitable activities

	Charitable	Support	Total	Total
	activities	costs	funds	funds
	2023	2023	2023	2022
	£	£	£	£
Information and support services	461,225	138,249	599,474	775,383
Total2022	606,522	168,861	775,383

30

Wi MS-UK ed ubarine reueMs jumey

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

Notes to the Financial Statements

For the Year Ended 31 December 2023

9. Further analysis of expenditure on charitable activities

	Restricted	Unrestricted	Total	Total
	funds	funds	funds	funds
	2023	2023	2023	2022
	£	£	£	£
Direct costs	81,092	379,194	460,286	604,097
Support costs (note 11)	5,594	129,832	135,426	168,861
Governance costs:
Independent examination fees	-	2,625	2,625	2,425
	86,686	511,651	598,337	775,383
Total2022	336,545	438,838	775,383

10. Support costs

	Raising	Charitable	Total	Total
	funds	activities	funds	funds
	2023	2023	2023	2022
	£	£	£	£
Printing, postage, stationery and telephone	16,065	36,606	52,671	58,499
IT and equipment	15,258	34,767	50,025	63,522
Personnel, professional fees and training	3,505	7,987	11,492	20,563
Travel and subsistence	3,891	8,867	12,758	13,175
Repairs and maintenance	2,688	6,125	8,813	10,502
General office costs, including utilities	18,025	41,073	59,098	57,814
	59,432	135,425	194,857	224,075
Total2022	55,214	168,861	224,075

The costs have been apportioned on the basis of staff costs.

31

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

Wi MS-UK eupneriind Veur hls (aura

Notes to the Financial Statements For the Year Ended 31 December 2023

11. Independent examiner’s remuneration

	2023	2022
	£	£
Fees payable to the charity's independent examiner for the independent
examination of the charity's annual accounts	2,625	2,425
Fees payable to the charity's independent examiner in respect of:
Allotherservicesnotincludedabove	1,789	1,520

12. Staffcosts

	2023	2022
	£	£
Wages and salaries	550,038	554,195
Social security costs	47,274	45,968
Contribution to defined contribution pension schemes	10,692	10,036
	608,004	610,199

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

	2023	2022
	No.	No.
Charitable activities	11	13
Cost of generating funds	5	7
Management and administration of the charity	5	5
	21	25

32

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

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Wi MS-UK
Shi npareine: vac RAs emmrey
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Notes to the Financial Statements

For the Year Ended 31 December 2023

12. Staff costs (continued)

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

						2023	2022
						No.	No.
In	the	band	£60,001	-	£70,000	1	1

The senior management team received remuneration totalling £245,403 (2022 : £228,123).

13. Trustees’ remuneration and expenses

During the year, no Trustees received any remuneration or other benefits (2022 - £NIL).

During the year ended 31 December 2023, no Trustee expenses have been incurred (2022 - £NIL).

33

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

W MS-UK Supporting your MS journey

Notes to the Financial Statements For the Year Ended 31 December 2023

14. Tangible fixed assets

		Fixtures and	Office
		fittings		equipment
		£	£	£
	Cost or valuation
	At 1 January 2023	16,756	40,216	56,972
	Additions	-	5,104	5,104
	Disposals	-	(10,139)	(10,139)
	At 31 December 2023	16,756	35,181	51,937
	Depreciation
	At 1 January 2023	12,058	28,635	40,693
	Charge for the year	1,162	3,229	4,391
	On disposals	-	(9,202)	(9,202)
	At 31 December 2023	13,220	22,662	35,882
	Net book value
	At 31 December 2023	3,536	12,519	16,055
	At31 December2022	4,698	11,581	16,279
15.	Debtors
			2023	2022
			£	£
	Due within one year
	Trade debtors		3,757	5,691
	Other debtors		750	1,549
	Prepayments and accrued income		77,856	59,247
			82,363	66,487

34

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 2023

16. Current asset investments

	2023	2022
	£	£
Balances held on deposit	173,439	621,266
Creditors:Amounts falling duewithin oneyear
	2023	2022
	£	£
Trade creditors	56,087	41,636
Other creditors	294	904
Accruals and deferred income	3,039	3,160
	59,420	45,700
‘Financial instruments
	2023	2022
	£	£
Financial assets
Financial assets measured at transaction price	4,507	7,240
	2023	2022
	£	£
Financial liabilities
Financialliabilitiesmeasuredattransactionprice	56,381	42,540

17. Creditors: Amounts falling due within one year

18. ‘Financial instruments

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.

35

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

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Wi MS-UK
Sunnercing your he farrey
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Notes to the Financial Statements For the Year Ended 31 December 2023

19. Statement of funds

Statement of funds - current year

==> picture [466 x 439] intentionally omitted <==

----- Start of picture text -----
|||||||||||| |---|---|---|---|---|---|---|---|---|---|---| |Balance|at| |Balance|at|1|31| |January|Transfers|December| |2023|Income|Expenditure|in/out|2023| |£|£|£|£|£| |General|funds| |Designated|funds| |Designated|Funds|-|premises|400,000|-|-|-|400,000| |General|funds| |General|Funds-|all|funds|503,373|653,185|(854,263)|(7,534)|294,761| |Total|Unrestricted|funds|903,373|653,185|(854,263)|(7,534)|694,761| |Restricted|funds| |CAF|main|grant|and|resilience| |support|grant|28,517|-|(36,051)|7,534|-| |Edward|Gostling|Foundation|-|25,000|(25,000)|-|-| |Ladbrokes|Coral|Trust|-|1,000|(1,000)|-|-| |The|Big|Give|-|Peer|Support|-|10,590|(10,590)|-|-| |The|Big|Give|Helpline|~|10,864|(8,045)|-|2,819| |The|Grace|Trust|-|1,000|(1,000)|-|-| |The|Light|Fund|5,000|5,000|(5,000)|-|5,000| |33,517|53,454|(86,686)|7,534|7,819| |Total|of funds|936,890|706,639|(940,949)|-|702,580|

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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.

The Edward Gostling Foundation fund to support core services and activities.

36

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

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WN MS-UK
Sippaleiie your Mg ianrney
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Notes to the Financial Statements For the Year Ended 31 December 2023

1. Statement of funds (continued)

Statement of funds - prior year

Statement of fundsfunds - prior yearyear	prior yearyear
					Balance ai
	Balance al				37
	1 January			Transfers	December
	2022	Income	Expenditure	in/out	2022
	£	£	£	£	£
Unrestricted designated
funds
Designated Funds - premises	400,000	-	-	-	400,000
General funds
General Funds- all funds	576,395	648,321	(679,265)	(42,078)	503,373
Total Unrestricted funds	976,395	648,321	(679,265)	(42,078)	903,373
Restricted funds
National Lottery Community Fund	35,335	77,814	(155,227)	42,078	-
CAF main grant and resilience
support grant	183,335	-	(154,818)	-	28,517
February Foundation	-	5,000	(5,000)	-	- 7
Edward Gostling Foundation	-	10,000	(10,000)	-	-
Edith Murphy counselling grant	-	5,000	(5,000)	-	-
Jules T Foundation	-	1,500	(1,500)	-	-
Inman Grant	-	3,000	(3,000)	-	-
The Hospital Saturday Fund	-	2,000	(2,000)	-	-
The Light Fund	-	5,000	-	-	5,000
	218,670	109,314	(336,545)	42,078	33,517
Total offunds	1,195,065	757,635	(1,015,810)	-	936,890
					37

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

Wh MS-UK Supporting your MSjourney

Notes to the Financial Statements

For the Year Ended 31 December 2023

20. Summary of funds Summary of funds - current year Balance |

					Balance at
	Balance at 1				31
		January			Transfers
	2023	Income	Expenditure	in/out	2023
	£	£	£	£	£
Designated funds	400,000	-	-	-	400,000
General funds	503,373	653,185	(854,263)	(7,534)	294,761
Restricted funds	33,517	53,454	(86,686)	7,534	7,819
	936,890	706,639	(940,949)	-	702,580
Summary of funds - prior year
					Balance ai
	Balance at				31
	1 January			Transfers	December
	2022	Income	Expenditure	in/out	2022
	£	£	£	£	£
Designated funds	400,000	-	-	-	400,000
General funds	576,395	648,321	(679,265)	(42,078)	503,373
Restricted funds	218,670	109,314	(336,545)	42,078	33,517
	1,195,065	757,635	(1,015,810)	-	936,890

21. + Analysis of net assets between funds

Analysis of net assets between funds - current year

	Restricted	Unrestricted	Total
	funds	funds	funds
	2023	2023	2023
	£	£	£
Tangible fixed assets	-	16,056	16,056
Current assets	7,819	738,125	745,944
Creditors due within one year	-	(59,420)	(59,420)
Total	7,819	694,761	702,580

38

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 2023

21. Analysis of net assets between funds (continued)

Analysis of net assets between funds - prior year

	Restrictea	Restrictea	Unrestricted	Total
	funds		funds	funds
	2022		2022	2022
		£	£	£
Tangible fixed assets	-		16,279	16,279
Current assets	33,517		932,794	966,371
Creditors due within one year	-		(45,700)	(45,700)
Total	33,517		903,373	936,890
Reconciliation ofnet movement in funds to net cash flow		from
operating activities
			2023	2022
			£	£
Net expenditure for the year (as per Statement of Financial Activities)			(234,310)	(258,175)
Adjustments for:
Depreciation charges			4,392	4,667
Interest received			(16,058)	(2,188)
(Profit)/ Loss on disposal of fixed assets			936	232
(Increase)/Decrease in debtors			(15,876)	92,178
Increase/(Decrease) in creditors			13,719	16,462
Netcashusedinoperatingactivities			(247,197)	(146,824)

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

39

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

Wi MS-UK Supdartind yaar Me tate:

Notes to the Financial Statements

For the Year Ended 31 December 2023

23. Analysis of cash and cash equivalents

		2023	2022
		£	£
Cash in hand		490,142	278,558
Notice deposits (less than 3 months)		173,439	621,266
Total cash and cash equivalents		663,581	899,824
Analysis ofchanges in netdebt
	At 1		At 31
	January		December
	2023	Cash flows	2023
	e	£	£
Cash at bank and in hand	278,558	211,584	490,142
Liquid investments	621,266	(447,827)	173,439
	899,824	(236,243)	663,581

24. Analysis of changes in net debt

25. Pension commitments

The charitable company operates a defined contribution pension scheme. The assets of the scheme are held separately from those of the charitable company in an independently administered fund. The pension cost charge represents contributions payable by the charitable company to the fund during the year and amounted to £10,692 (2022 - £10,036). At the year-end date £2,609 (2022 - £2,354) were due to the fund and are included within creditors.

40

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

W MS-UK Supporting your MS journey

Notes to the Financial Statements

For the Year Ended 31 December 2023

26. Operating lease commitments

At 31 December 2023 the charity had commitments to make future minimum lease payments under noncancellable operating leases as follows:

	2023	2022
	£	£
Not later than 1 year	21,669	31,000
Later than 1 year and not later than 5 years	12,477	18,104
	34,146	49,104

27. Company limited by guarantee

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

Every member of the charitable company undertakes to contribute to the assets of the charitable company in the event of the charitable 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 charitable 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 charitable company there remains, after the satisfaction of all debts and liabilities, any property whatsoever, the sum shall not be paid to or distributed among the members of the charitable company, but shall be given or transferred to some other charitable institution or institutions having objects similar to the objects of the charitable 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.

41

Wi MS-UK Sleearina vane Me jaursy

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

Notes to the Financial Statements For the Year Ended 31 December 2023

28. Related party transactions

During the year the charitable company reimbursed expenses totalling £1,305 (2022 : £nil) to Philip Startin a trustee who provided online courses free of charge.

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