MS-UK
Supporting your MS journey
Multiple Sclerosis-UK Limited
(A company limited by guarantee)
Trustees, report and
financial statements
For the Year Ended 31 December 2024
Registered number: 02842023
Charity number: 1033731

Multiple Sclerosis-UK Limited
(A company limited by guarantee)
MS-UK
Supporting your MS journey
Contents
Reference and administrative details of the charity,
its Trustees and advisers
Trustees. report
2-19
Independent auditor's report on the financial statements
20-24
Statement of financial activities
25
Balance sheet
26
Statement of cash flows
27
Notes to the financial statements
28-47

Multiple Sclerosis-UK Limited
(A company limited by guarantee)
- MS-UK
Supporting your MS journey
Reference and Administrative Details of the Charity> its Trustees and Advisers
Forthe Year Ended 31 December 2024
Trustees
Matthew Swan. Chair
Charles Stebbings
Michael Herington
Rebecco Armstrong
Claire Rowles (resigned 17 Laura Marsden
November 2024)
Suzanne Rafla
Laura Shukla
Philip Startin (resigned 29
August 2024)
Company registered
number
02842023
Charity registered
number
1033731
Registered office
D3 Lnowledge Gateway
Nesfield Road
Colchester
Essex
C04 3ZL
Chief executive officer
Amy Woolf
Independent examiner
Griffin Chapman
Chartered Accountants
4 & 5 The Cedars, Apex 12
Old Ipswich Road
Colchester
Essex
C07 7QR

Multiple Sclerosis-UK Limited
(A company limited by guarantee)
MS-UK
Supporting your Msjourney
Trustees, Report
For the Year Ended 31 December 2024
Trustees, feport
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-UL Limited
for the year ended 31 December 2024. The trustees have adopted the provisions of the
Statement of Recommended Practice (SORP) "Accounting and Fleporting 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.
Le9al and administfative information
The information given on page one forms part of this report. As noted on page two, the
charity also operates under the name MS-UL.
The trustees during the year under review were as follows
Rebecca Armstrong
Michael Herington
Laura Marsden
Laura Shukla
Philip Startin (resigned 29 August 2024)
Charles Stebbings
Matthew Swan (Chair)
Suzanne Rafla
Claire Rowles (resigned 17 November 2024)
Retirement of trustees
The following trustees are to retire in accordance with the Articles of Association and, being
eligible, offered themselves for re-appointment
Rebecca Armstrong
Suzanne Rafla
Seniof mana9efflent pefsonnel
The senior management personnel throughout the year were the following;
Chief Executive, Amy Woolf
Communications Manager, Sarah-Jane Elliott
Fundroi5ing Manager, Jill Purcell
General Manager, Sarah Wright
Heod of Services, Diana Crowe

Multiple Sclerosis-UK Limited
(A company limited by guarantee)
MS-UK
Supporting your MS journey
Trustees, Report (contAnued)
Forthe Year Ended 31 December 2024
Structure, 9ovefnance, 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-UL.
The board of trustees is responsible for the strategic direction of MS-UL. 2024 was the first
year of our current three-year strategy, which can be found on our website at www.ms-uk.org/
aboutus.
Our board now consists of seven members, and each are committed to ensuring thatthe
charities, governance arrangements are effective. The board meet quarterly to fulfil its duties
and hold an additional strategy day for the board and management teom eoch year.
The board of trustees continue to ensure both the good governance and proper administration
of MS-UL 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 of the
charity ond receive accurate ond timely updates from the Chief Executive and her team.
The charity's investment policy is to balance maximising the return on its reseNes with
ensuring they are both readily accessible and invested in low-risk instruments. The current
policy of the charity is to invest in cash in deposit and sovings accounts as opposed to higher
risk instruments which may increase the risk on these funds, or significantly reduce liquidity.
This enables us to respond to the possibility of needing more of the reserves in the short term
to deal with income and expenditure risks. Any funds not needed immediately are placed
on deposit (subject to limits agreed with the Board). There are no specific restrictions on
investment powers contained within the charity's governing document.
The remuneration of all staff, including the senior management team, is consistentwith our pay
policy. At appointment. salaries are set in keeping with the market value, individual experience
and expertise and benchmarked annually against salaries for our sector. Pay reviews are
conducted annually considering the charity's budget, performance to strategy. individual
performance, and market analysis. MS-UK is an accredited Living Woge employer.

Multiple Sclerosis-UK Limited
(A company limited by guarantee)
MS-UK
Supporting your MS journey
Trustees, Report (continued)
Fortheyear Ended 31 December 2024
Fundraisin9
MS-UK is registered with the Fundraising Regulator and all our work is compliant with the
Code of Fundraising Practice. We employ an in-house team of fundraisers with different
areas of specialism to drive income across a wide range of fundraising activities including
events (delivered by us and third parties), community fundraising, donations (including regular
donations), corporate fundraising and partnerships, and trust and foundation fundraising. We
plan and deliver our fundraising activities ensuring excellent stewardship and maximum return.
We partner with make a smile lottery to run our lottery and have relationships with a small
number of commercial participators. Other thon these, we do not work with any third parties
to fundraise on our behalf. Make a smile lottery facilitates our lottery but is not involved in any
marketing or recruitment. We have individual arrangements for managing their contracts and
ensuring the quality of their services.
We have systems in place to record and report on complaints we receive. During 2024 we
received two complaints, both of which were dealt with informally and have been fully resolved.
Our safeguarding policy and procedures are designed to protect vulnerable individuals and
the wider public from unacceptable behaviour. All staff receive safeguarding training upon
appointment, with annual refresher sessions to ensure continued awareness and compliance.
Objects and activities
MS-UK is a national chority formed in 1993. We ore 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 moy 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 os 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.
Working alongside the MS community, we aim to provide the supporL and services people
need to actively manage their condition and improve their health and wellbeing.

Multiple Sclerosis-UK Limited
(A company limlted by guarantee)
MS-UK
Supportin9 your MS journey
Trustees, Report (continued)
Forthe Year Ended 31 December 2024
Ultimately, we are here to support people affected by MS to live healthier and happier lives.
Our objects
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
Online activities
We provide a wide range of online classes and 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 over Zoom bringing people together to create friendships and peer support. People
come together in various groups including newly diagnosed, parents with MS, and caregivers.
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.

Multiple Sclerosis-UK Limited
(A company limited by guarantee)
MS-UK
Supporting your Msjourney
Trustees, Report (continued)
Fortheyear Ended 31 December 2024
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
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 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 ond peoples, stories providing support and
inspiration to others as well as what's worked well for them.
eLeafnin9 and trainin9
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 specific groups of professionals
such os 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.
Achievements and performance indicators
2024 marks the first year of our new strategy. Our focus for this period is on proving holistic
self-support activities, unrivalled MS information and compassionate emotional support.
Year one has proved to be a very successful year. Our services have reached many more
people than ever before, our income continues to grow and our investment in marketing
is delivering greater reach. Our performance against the plans we outSined in last year's
accounts are outlined here.
SeNices
Our online activities supported 1,217 individuals living with MS. This is an increase of151 (14°/.)
compared with 2023. This demonstrates that we are both listening to the MS community
and providing what they need from us, and also that our marketing is enabling us to reach

Multiple Sclerosis-UK Limited
(A company limited by guarantee)
- MS-UK
Supporting your MS journey
Trustees, Report (continued)
For the Year Ended 31 December 2024
new people. Those 1,217 people accessed 8,972 sessions between them (7,962 in 2025).
These sessions included:
Twice weekly exercises classes tailored to people with different abilities, weekly Chair yoga
and Qigong classes and meditation and mindfulness courses.
Exercise
There were 94 unique clients to these classes and 856 views of our recordings. Our clients
reported on maintaining or improving the following symptoms
Cognition
18°/,,
47:,,
49°/.
Mobility
61°/.
Muscle strength
65°/0
10% 200/. 30% 40% 50% 60°/. 70/,
Chairyoga
There were 94 unique clients to these classes and 195 views of our recordings. Our clients
reported on maintaining or improving the following symptoms
Cognition
Quantity or quality of sleep
Levels of anxiety
Levels of stress
19,1,
28.1.
47°/.
0°/. 10% 20% 30°/. 40% 50°/. 60°/. 70% 80°/.

Multiple Sclerosis-UK Limited
(A company limited by guarantee)
11
MS-UK
Supporting your Msjourney
Trustees, Report (continued)
Forthe Year Ended 31 December 2024
'1 have made some wonderful friends by attending the classes so it isn't just physical
health but it's also mental health, too. I feel l am part of a warm, loving community, and
we always have a little chat but not about MS which Is healthy."
Qigong
There were 74 unique clients to these classes and 197 views of our recordings. Our clients
reported on maintaining or improving the following symptoms:
Levels of anxiety
58°/.
63°/,
Mental health
Energy levels
69°/0
69°/,
20%
40%
60/.
80%
Guided meditation classes
There were 49 unique clients to these classes and 137 views of our recordings. Our clients
reporLed on maintaining or improving the following symptoms"
Experience of fatigue
Experience of pain
24/0
Quantity or quality of sleep
29;,,
Levels of anxiety
Levels of stress
570/,
20% 40% 601.
80%
"This service is extremely important to me because l am unable to get out on my own
and would not be able to participate in activities had they not been online. It does so
much for my mental health as well as my physical health and l am very grateful."

Multiple Sclerosis-UK Limited
(A company limited by guarantee)
MS-UK
Supporting your MS journey
Trustees. Report (continued)
Forthe Year Ended 31 December 2024
Mindfulness course5 - four and eight-weeks
There were 30 unique clients. Our clients reported on maintaining or improving the
following symptoms
Experience of fatigue
34,/,
Experience of pain
271,
Quantity or quality of sleep
Levels of anxiety
93°/.
09/. 20% 40/0 60/0 80% 100%
Information sessions
We ran 49 online information sessions, compared with 32 last year. These included topics
such as neuroplasticity and brain changes, knowing your rights at work, diet and nutrition,
complementary therapies, accessing welfare benefits and sessions on managing many of
the symptoms caused by multiple sclerosis.
We also launched a pilot three-week course for people new to MS and a course on
Acceptance and Commitment Therapy, both of which have received great feedback, and
we look to run multiple courses next year.
"It's great to join people who have similar issues to you and have an instructor who
knows what MS is like."
For many, these services have become a lifeline, particularly for those who are unable to
leave their home or struggle with mobility, enabling individuals to stay active, connected,
ond engaged. Participants appreciate the flexibility of choosing different levels of
participation, which makes it easier to remain involved and motivated.
A sense of community has been highlighted as a key benefit. Participants feel less
isolated, and more supported, and understood by others who share similar experiences.
The opportunity to connect with peers. led by instructors who are knowledgeable about
MS. provides a sense of belonging and acceptance. This community connection has been
described as a source of comfort, reducing feelings of loneliness, and offering an invaluable
space to share experiences and learn coping strategies.

Multiple Sclerosis-UK Limited
(A company limited by guarantee)
11
MS-UK
Supporting your Msjourney
Trustees, Report (continued)
Forthe Year Ended 31 December 2024
Additionally, many participants value the mental and physical benefits of the services.
The activities help to improve physical health, boost mental wellbeing, and give structure
to daily life. For some, joining these classes has been a turning point, offering a structured
routine, improving confidence. and allowing for sociol interaction. The service's emphasis on
inclusivity and understanding has made participants feel capable, appreciated, and more
connected to others, transforming their experiences of living with MS.
Peer pods
Now in its fourth year, the service continues to grow, and positive survey responses and
feedback received throughout the year indicate that it has now evolved into a valuable
source of support, making a significant difference to many individuals, daily lives.
We ran a total of15 Peer Pods, with a total of 521 sessions held across the year. We had 156
unique attendees with 79 of these using our service for the first time and 77 being repeat
users. Our pods are,.
Mindfulness
Women's x 2 (Thursday evening
ond Friday morning)
Parents with MS
General drop in x 5
New to MS
Women's Pod
Book Club
Caregivers,
Creative Writing
Unfortunately, our Men's peer pod came to an end due to low take up, and despite high
enquiries, so we will revisit this at some point in the future.
We currently have 14 volunteers who are supported with monthly group supervisions. and
regular check-ins with the Peer Support Coordinator. We were also able to offer them some
one-to-one coaching sessions over a 16-week period due to a collaboration with Coaching
to Contribute, who offered pro bono support.
In addition to the Peer Pods, many of these volunteers have also created WhatsApp
groups to run alongside their pod. This has proven to be a great way for members to keep
in touch and find mutual supporL and encouragement between sessions and is especially
valuable to those that are not always able to attend a pod but are still in need of support.
We asked our attendees about the difference the service made for them and they told us
That of those who had felt socially isolated, 90 per cent said thatjoining a peer pod
reduced that isolation.
10

Multiple Sclerosis-UK Limited
(A company limited by guarantee)
MS-UK
Supporting your MS journey
Trustees, Report (continued)
For the Year Ended 31 December 2024
Of those that were lonely, 90 per cent said that joining a peer pod reduced their loneliness
90 per cent said the peer pod gave them a sense of belonging to a community
81 per cent said they gained emotional support
81 per cent said they gained practical supporL
68 per cent said they had formed long-lasting friendships
'It's incredibly valuable to be able to share experiences and gain insights from other5
who understand what you're going through. Engaging with like-minded people provides
a sense of support and community that can be hard to find elsewhere. The conversations
feel natural, like chatting with friends over a cup of tea, and what's great is that not
everything revolves around MS. Sometimes it's just about enjoying each other's company,
talking about life, and sharing afew laughs."
Helpline
Our helpline supported 1,383 contacts, an increase of15 per cent on 2023. The top
five reasons people contacted us were for emotional support, to discuss symptoms,
benefits, care needs ond diagnosis.
99 per cent of people surveyed said they would recommend our helpline to others.
Many reported learning about what support was available in their local area, feeling
better equiped to make choices and decisions, an understanding of treatments
available, what benefits to apply for or what to say to a health professional.
"It was great to be able to speak to someone who "gets it" Finished the call
feeling more positive about a future with MS and what help is available"
The team also reviewed eight of our Choices information booklets. which are
completed on rotation each year to ensure we include the most up-to-date
information and experiences of our community. We posted 3,548 booklets this year
and they were viewed online 68,188 times, which far exceeded our target of 50,000.
New Pathways
Whilst our magazine enjoys strong brand loyalty, with more than half our readers
subscribing for over 10 years, we were pleased to see a 6 per cent increase in
subscribers. This increase is predominantly due to a new subscription gift of a free
official RADAR key and a branded MS-UK Just Can't Wait card.
11

Multiple Sclerosis-UK Limited
(A company limited by guarantee)
MS-UK
Supporting your MS journey
Trustees, Report (continued)
Forthe Year Ended 31 December 2024
The magazine content continues to balance news features with stories and columns
written by people living with MS, and practical features such as recipes and
exercises people can do from home.
During the second half of the year, we took the decision to bring the advertising inhouse,
and are pleased with how this is now performing, as well as the opportunity to
work more closely with our advertisers.
In our most recent reader survey,
93 per cent of respondents say New Pathways has helped them improve their
wellbeing
96 per cent said it improves their understanding of MS
78 per cent said it has helped them feel more positive about their condition
"It's by far the best information globolly on MS... and it's not hijacked with too
much medical detail and terminology. It allows us mere mortals to understand
our predicament and understand in a human way that we can live with MS well.
And it was the advice that I got from MS~UK in my first couple of weeks after
diagnosis that led me to the best therapy centre in the county, BMSTC... I have
used it every week since 2001..
Training for professlonals
This year we delivered 14 MS awareness training sessions to 1,409 professionals,
300 more than the previous year. We delivered five generic sessions that were onehour
long webinars, and three 90-minute webinars to care providers, social
prescribers and DWP/employment support workers each. Each webinar is delivered
by a member of our helpline team and a volunteer with lived experience. We are
hugely grateful to our volunteers that share their personal experiences in this manner
to support the education of health and social care workers.
We asked attendees to complete a survey.
95 per cent agreed or strongly agreed that they had a better idea of the kind if
support someone with MS moy need.
12

Multiple Sclerosis-UK Limited
(A company limited by guarantee)
- MS-UK
Supporting your MS journey
Trustees, Report (continued)
For the Year Ended 31 December 2024
97 per cent agreed to strongly agreed thot their knowledge of MS had increased
99 per cent agreed or strongly agreed that hearing about the lived experience of
someone with MS was useful
"The presentation was excellent - really informative, providing a lot of relevant
information about the condition, and succinct, and presented in a very easy-to-
listen-to manner, The contribution from the speaker on her lived experience
provided good personal insight."
We also provide two eLearning courses, MS Awareness and Counselling People with
MS. We had 47 enrolments to these courses throughout the year.
Thank you to all that partner with us to deliver our services and those that
have offered their support pro bono.
Thank you to our Virtual Insights Panel members who have helped Shaped our
services this year.
Fundfaisin9
2024 was a successful year for the fundraising team who raised 11 per cent more than
their target for the year. They worked closely with the communications team to inspire
supporters to sign up for fundraising octivities resulting in 10 per cent more fundraisers
than in 2023. Through great stewardship, the team were able to support our fundraisers to
raise even more funds than in previous years and have developed strong relationships that
mean people keep coming back to us. In line with sector trends, we saw a marked increase
in the appetite for in-person events over virtual events.
Our London Marathon team reached record-breaking income for our charity and our
two national skydiving days performed particularly well. The Tower Walk at The
Gherkin raised an incredible 71 per cent more income than last year.
"A huge thank you to MS-UK for allowing me to be a part of this magical event.
I signed up in October to run for my Mom who has MS. We had plans for her to
meet me at the finish line and live it up in London after. Sadly, one month later
she passed away. This marathon was incredibly poignant and emotional for
me. I'm heartbroken she wasn't at the finish, but honoured to be able to run it
for her anyway. Thank you for giving me the opportunity."
13

Multiple Sclerosis-UK Limited
(A company limlted by guarantee)
MS-UK
Supporting your MS journey
Trustees, Report (continued)
For the Year Ended 31 December 2024
Our partnership with Cheshire half marathon did not produce the returns we had
hoped for and due to the loss of a staff member we were not able to grow corporate
income to the levels we had hoped. However, we are now back at a full quota of staff
and have developed plans to bring in more corporate income in 2025. as part of our
plans for diversifying our income streams.
Our income from donations and our Big Give campaign exceeded income targets for
the year, and regular donor income remained fairly static.
We launch a legacy giving campaign and partnered with a Will writing organisation
that offer free Wills to our community and are pleased with the progress so far.
2024 was a tough climate for Trusts and Foundations fundraising with increased
competition and funders narrowing their focus under the pressure. However, we were
awarded an incredible £235.000 from The Edward Gostling Foundation as part of
their legacy programme providing us with additional financial security whilst we build
our capacity. This sum is restricted for five years.
Mafketin9
2024 was the first full year of implementing our new marketing strategy and has
produced significant improvement across all our channels resulting in more services
users, more fundraisers and more donations to the charity.
Year-on-year growth of the numbers of people using our website was 140 per cent,
whilst our Facebook reach grew 625 per cent and Instagram 195 per cent.
Email marketing also played a role in attracting new fundraisers and service users to
the website, with an increase in website users from this channel of104 per cent
compared to the previous year.
We also saw a growth of 33 per cent in press coverage, predominantly printed press
and radio.
We continued our collaboration with other national MS charities during MS
Awareness Week. Ourjoint campaign was #Msunfiltered, a social media campaign
encouraging people to be brave and discuss the symptoms they feel embarrassed
about with the aim of reducing stigma and encouraging people to reach out for
support. Together we also achieved over 250 pieces of press coverage, helping
spread awareness of multiple sclerosis.
14

Multiple Sclerosis-UK Limited
(A company limited by guarantee)
- MS-UK
Supporting your MS journey
Trustees. Report (continued)
For the Year Ended 31 December 2024
Cofe business
As planned, we invested in a new CRM for the charity to help us improve our
automations and integrations, reducing repetitive tasks and duplication of efforts.
freeing us up to spend more time on the actions and relationships which will enable
our growth.
People
Central to our success is our team. We continue to provide a wide range of wellbeing
initiatives, invest in staff training ond development and hold team days ond
celebrations to safeguard the supportive culture we have built and which is a key
driver for our performance.
We would like to sincerely thank everyone who ha5 made our work possible - our
partners, fundraisers, volunteers, funders, the companles that have supported us and
our staff team for their dedication and incredible achievements.
Financial Review
OveNiew
This year our income, compared with 2023, increased by £498k, (700/,). We
increased our expenditure by £82k, (9 % ). For 2024 we are reporting a surplus of
£181L for the year.
The largest contributor to our increase income is the funding from The Edward
Gostling Foundation. Had we not received this income, we would be reporting a
deficit of £54K for the year. which whilst in keeping with our forecast regarding
operating at a deficit whilst we invest in our growth, this still delivers a c.£80K
improvement on our budget at the beginning of the year. This is outlined in the
fundroising section above where several income streams over-performed.
During the year, the board took the decision to move the funds held in the designated
property fund to our general fund, reflecting a change in how to utilise resources
most effectively.
Goin9 Concern
After making appropriate enquiries, the trustees have a reasonable expectation that
the charitable company has adequate resources to continue in operational existence
15

Multiple Sclerosis-UK Limited
(A company limited by guarantee)
MS-UK
Supporting your MS journey
Tru5tees' Report (continued)
Forthe Year Ended 31 December2024
for the foreseeable future. For this reason, they continue to adopt the going concern
basis in preparing the financial statements. FurLher details regarding the adoption of
the going concern basis can be found in the accounting policies.
ReseNes Policy
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 reporLed in these accounts are £634,608, which
equates to approximately 7.5 months, operating costs.
Principal Risks and unceftainties
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 fully aware of the risks the charity faces and can ensure controls and
mitigations are in place to deal with any issues effectively should they arise.
The main risks faced by MS-UK remain unchanged from last year. The first two items
on our risk register relate to our reliance on public fundraising to support our
services. We are pleased that income from fundraising events and community
fundraising continued to fare well this year. However, we will budget carefully for the
year ahead and are focused on ensuring we expand upon our fundraising
opportunities with our community.
The third highest risk we are facing is associated with losing key staff. 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.
Plans for 2025
SeNices
Support up to 2,000 people through our online activities
Grow our peer pods to support 80 people each month
Provide information and emotional support to 1,320 people through our helpline
16

Multiple Sclerosis-UK Limited
(A company limited by guarantee)
MS-UK
Supporting your Msjourney
Trustees, Report (continued)
Forthe Year Ended 31 December 2024
Publish online and print our information booklets reaching more than 27,000 people
Publish six issues of our New Pathways magazine and continue gift
Provide MS training to at least 1,200 professionals
Fundraisin9
Increase our income from events and community fundraising
Source new partnerships for cycling events
Grow corporate relationships and income
Explore new approach to trust and foundation fundraising
Mafketin9
Continue with our current strategy and look to attract more service users and fundraisers,
and raise awareness of MS and MS-UL
Deliver anotherjoint MS Awareness Week campaign
People
Continue to invest in PDPS, training, and the wellbeing of our staff
Continue team-building initiatives - team days, development sessions and celebrating
successes
Members, liability
Members of the charity guarantee to contribute an amount not exceeding £10 to the
assets of the charity in the event of winding up. The total number of such guarantees
at 31 December 2024 was seven. The trustees are members of the charity but this entitles
them only to voting rights. The trustees have no beneficial interest in the charity.
Trustees, indemnity
Throughout the year an indemnity insurance policy was in place covering the trustees.
Trustees, responsibilities statement
The trustees (who are also the directors of Multiple Sclerosis-u K 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 United Kingdom
Accounting Standards (United Kingdom Generally Accepted Accounting Practice).
17

Multiple Sclerosis-UK Limited
(A company limited by guarantee)
MS-UK
Supporting your Msjourney
Trustees. Report (continued)
For the Year Ended 31 December 2024
Company low requires the trustees to prepare financial statements for each financial
year. 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 charitable company and of its incoming resources and application of resources,
including its income and expenditure, 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 (FRS 102)
Make judgements and accounting estimates that are reasonable and prudent
State whether applicable UK Accounting Standards (FRS 102) have been followed,
subject to any material departures disclosed and explained in the financial
statements, and
Prepare the financial statements on the going concern basis unless it is inappropriate to
presume that the charity will continue in operation.
The trustees are responsible for keeping adequate accounting records that 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.
Disclosufe of information to auditors
In so far as the trustees are aware
there is no relevant audit information of which the charitable company's auditor is
unaware. and
the trustees have taken all steps that they ought to have taken to make themselves
aware of any relevant audit information and to establish that the auditor is aware of that
information.
18

Multiple Sclerosis-UK Limited
(A company limited by guarantee)
MS-UK
Supporting your MS journey
Trustees, Report (continued)
For the Year Ended 31 December 2024
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 Lingdom governing the preparation and dissemination of the financial
statements may differ from legislation in otherjuridictions.
Auditors
The auditors, Griffin Chapman, have indicated their willingness to continue in office.
The deisignated Trustees will propose a motion reappointing the auditors at a
meeting of the Trustees.
Small company Pfovisions
This report has been prepared in accordance with the special provisions for small
companies under Part15 of the Companies Act 2006.
Approved by order of the members of the boord ofTrustees on 30 ZD LS and
signed on their behalf by
M Swan
Choir
19

Multiple Sclerosis-UK Limited
(A company limited by guarantee)
MS-UK
Supporting your MS journey
Independent auditor's report to the members of Multiple Sclerosis-UK Limited
Opinion
We have audited the financial statements of Multiple Sclerosis-UK Limited (the 'charity')
for the year ended 31 December 2024 which comprise the Statement of financial activities,
the Balance sheet, the Statement of cash flows and the related notes, including a
summary of significant accounting policies. The financial reporting framework that has
been applied in their preparation is applicable law and United Kingdom Accounting
Standards, including Financial Reporting Standard 102 'The Financial Reporting Standard
applicable in the UK and Republic of Ireland, (United Kingdom Generally Accepted
Accounting Practice).
In our opinion the financial statements:
give a true and fair view of the state of the charitable company's affairs as at 31
December 2024 and of its incoming resources and application of resources, including its
income and expenditure for the year then ended.
have been properly prepared in accordance with United Kingdom Generally Accepted
Accounting Practice" and
have been prepared in accordance with the requirements of the Companies Act 2006.
Basis for opinion
We conducted our audit in accordance with International Standards on Auditing (UK) (ISAS
(UK)) and applicable law. Our responsibilities under those standards are further described
in the Auditor's responsibilities for the audit of the financial statements section of our
report. We are independent of the charitable company in accordance with the ethical
requirements that are relevant to our audit of the financial statements in the United
ingdom, including the Financial Reporting Council's Ethical Standard, and we have
fulfilled our other ethical responsibilities in accordance with these requirements. We believe
that the audit evidence we have obtained is sufficient and appropriate to provide a basis
for our opinion.
Conclusions relating to going concern
In auditing the financial statements. we have concluded that the Trustees, use of the going
concern basis of accounting in the preparation of the financial statements is appropriate.
Based on the work we have performed, we have not identified any material uncertainties
relating to events or conditions that, individually or collectively, may cast significant doubt
on the charitable company's ability to continue as a going concern for a period of at least
twelve months from when the financial statements are authorised for issue.
Our responsibilities ond the re5pon5ibilities of the Trustees with respect to going concern
are described in the relevant sections of this report.
20

Multiple Sclerosis-UK Limited
(A company limited by guarantee)
MS-UK
Supporting your MS journey
Independent auditor's report to the members of Multiple Sclerosis-UK Limited
(continued)
Other information
The other information comprises the information included in the Annual report other than
the financial statements and our Auditor's report thereon. The Trustees are responsible
for the other information contained within the Annual report. Our opinion on the financial
statements does not cover the other information and, except to the extent otherwise
explicitly stated in our report, we do not express any form of assurance conclusion thereon.
Our responsibility is to read the other information and, in doing so, consider whether the
other information is materially inconsistent with the financial statements or our knowledge
obtained in the course of the audit, or otherwise appears to be materially misstated. If we
identify such material inconsistencies or apparent material misstatements, we are required
to determine whether this gives rise to a material misstatement in the financial
statements themselves. If, based on the work we have performed, we conclude that there
is a material misstatement of this other information, we are required to report that fact.
We have nothing to report in this regard.
Opinion on other matters prescribed by the Companies Act 2006
In our opinion, based on the work undertaken in the course of the audit"
the information given in the Trustees. report for the financia5 year forwhich the financial
statements are prepared is consistent with the financial statements.
the Trustees, report has been prepared in accordance with applicable legal requirements.
Matters on which we are required to report by exception
In the light of our knowledge and understanding of the charitable company and its
environment obtained in the course of the audit, we have not identified material
misstatements in the Trustees, report.
We have nothing to report in respect of the following matters in relation to which
Companies Act 2006 requires us to report to you if, in our opinion"
adequate accounting records have not been kept, or returns adequate for our audit have
not been received from branches not visited by us,. or
the financial statements are not in agreement with the accounting records and returns., or
certain disclosures of Trustees, remuneration specified by law are not made; or
we have not received all the information and explanations we require for our audit; or
the Trustees were not entitled to prepare the financial statements in accordance with
the small companies regime and take advantage of the small companies, exemptions in
preparing the Trustees, report and from the requirement to prepare a Strategic report.
21

Multiple Sclerosis-UK Limited
(A company limited by guarantee)
MS-UK
Supporting your Msjourney
Independent auditor's report to the members of Multiple Sclerosis-UK Limited
(continued)
Responsibilities of trustees
As explained more fully in the Trustees, responsibilities statement, the Trustees (who
are also the directors of the charitable company for the purposes of company law) are
responsible for the preparation of the financial statements and for being satisfied that
they give a true and fair view, and for such internal control as the Trustees determine is
necessary to enable the preparation of financial statements that are free from materiol
misstatement, whether due to fraud or error.
In preparing the financial statements, the Trustees are responsible for assessing the
charitable company's ability to continue as a going concern, disclosing, as applicable,
matters related to going concern and using the going concern basis of accounting unless
the Trustees either intend to liquidate the charitable company or to cease operations, or
hove no realistic alternative but to do so.
Auditor's responsibilities for the audit of the financial statements
Our objectives are to obtain reasonable assurance about whether the financial statements
as a whole are free from material misstatement, whether due to fraud or error, and to
issue an Auditor's report that includes our opinion. Reasonable assurance is a high level of
assurance. but is not a guarantee that an audit conducted in accordance with ISAS (UK)
will always detect a material misstatement when it exists. Misstatements can arise
from fraud or error and are considered material if, individually or in the aggregate, they
could reasonably be expected to influence the economic decisions of users taken on the
basis of these financial statements.
Irregularities, including fraud, are instances of non-compliance with laws and regulations.
We design procedures in line with our responsibilities. outlined above, to detect material
misstatements in respect of irregularities, including fraud. The extent to which our
procedures are capable of detecting irregularities, including fraud is detailed below..
We obtoined an understanding of the legal and regulatory requirements applicable to
the charitable company and considered that the most significant are the Companies Act
2006, UL financial reporting standards as issued by the Financial Reporting Council and
UK taxation legislation.
We obtained an understanding of how the charitable company complies with these
requirements by discussions with management and those charged with governance.
We assessed the risk of material misstatement of the financial statements, including the
risk of material misstatement due to fraud and how it may occur, by holding discussions
with management and those charged with governance. We assessed the managements
22

Multiple Sclerosis-UK Limited
(A company limited by guarantee)
MS-UK
Supporting your MS journey
Independent auditorfs report to the members of Multiple Scler05is-UK Limited
(continued)
own identification processes and assesment of risks, to ensure internal procedures would
help identify such issues.
We enquire of management and those charged with governance as to any known
instances of non compliance or suspected non compliance with laws and regulations. We
reviewed legal correspondence and board meeting minutes to identify matters of fraud or
non compliance.
Based on this understanding, we designed specific appropriate audit procedures to
identify instances of non compliance with laws and regulations. This included making
enquiries of management and those charged with governance and obtaining additional
corroborative evidence as required.
Based on the inherent limitations of an audit, there is a risk that we will not detect
irregularities, including those leading to o material misstatement in the financial stateents
or non compliance with regulation. This risk increases the more that compliance with a
law or regulation is removed from the events and transartions reflected in the financial
statements, as we will be less likely to become aware of instances of non compliance.
The risk is also greater regarding irregularities occuring due to fraud rather than error, as
fraud involves intentional concealement, forgery, collusion, omission or misrepresentation.
A further description of our responsibilities for the audit of the financial statements
is located on the Financial Reporting Council's website at.. www.frc.org.uk/
auditorsresponsibilities. This description forms part of our Auditor's report.
23

Multiple Sclerosis-UK Limited
(A company limited by guarantee)
MS-UK
Supporting your Msjourney
Independent auditor's report to the members of Multiple Sclerosis-UK Limited
(continued)
Other matters
The financial statements for the year ending 31st December 2023 were not audited.
Use of our report
This report is made solely to the charitable company's members, as a body, in accordance
with Chapter 3 of Part 16 of the Companies Act 2006. Our audit work has been undertaken
so that we might state to the charitable company's members those matters we are
required to state to them in an Auditor's report and for no other purpose. To the fullest
extent permitted by law, we do not accept or assume responsibility to anyone other than
the charitable company and its members, as a body, for our audit work, for this report, or
for the opinions we have formed.
Thomas Maddocks FCA FMAAT (Senior statutory auditor)
for and on behalf of
Griffin Chapman
Chartered Accountants
Statutory Auditor
4 & 5 The Cedars, Apex 12
Old Ipswich Road
Colchester
Essex
C07 7QR
Date:
24

Multiple Sclerosis-UK Limited
(A company Ilmited by guarantee)
- MS-UK
Supporting your Msjourney
Statement of financial activities (incorporating income and expenditure account)
forthe year ended 31 December2024
Endowment
funds
2024
Restricted Unrestricted
funds
funds
2024
2024
Total
funds
2024
rotal
fvnds
2023
Note
Income and
endowments from:
Donations and legacies
Charitable activities
Other trading activities
Investments
235,000
5.000
10,000
223,791
68,642
636,958
23,200
463.791
78,642
636,958
25,002
129. 720
89,246
471.616
16,058
1,802
Total income and
endowments
236,802
15,000
952,591
1,204,393
706.640
Expenditure on:
Raising funds
Charitable activities
410,714
589,845
410,714
612,664
341,476
599,474
22,819
Total expenditure
22,819
1,000,559
1.023,378
940,950
Net movement in
funds
236,802
(7,819)
(47,968)
181,015
(234,310)
Reconciliation of
funds:
Total funds brought
fotward
Net movement in funds
7,819
(7,8191
694,761
{47,968)
702,580
181,015
936,890
(234,310)
236,802
Total funds carried
fOr￿ard
236,802
646,793
883,595
702,580
The Statement of financial activities includes all gains and losses recognised in the year.
The notes on pages 28 to 47 form part of these financial statements.
25

Multiple Sclerosis-UK Limited
(A company limited by guarantee)
MS-UK
Supporting your Msjourney
Balance sheet as at 31 December 2024
2024
2023
Note
Fixed assets
Tangible assets
15
12,185
16,056
12,185
16,056
Current assets
Debtors
Investments
Cash at bank and in hand
16
17
119.241
408,032
423.683
82.363
173,439
490,142
950,956
745,944
Creditors.. amounts falling due within one
year
18
179.546)
(59,420)
Net current assets
871,410
686,524
Total assets less current liabilities
883,595
702,580
Net assets excluding pension asset
883,595
702,580
Total net assets
883,595
702,580
Charity funds
Endowment funds
20
236,802
Restricted funds
Unrestricted funds
20
20
7.819
694,761
646,793
Total funds
883,595
702,580
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.
The financial statements were approved and authorised for issue by the Trustees on
and signed on their behalf by..
Matthew Swan, Trustee
The notes on pages 28 to 47 form part of these financial statements.
26

Multiple Sclerosis-UK Limited
(A company limited by guarantee)
MS-UK
Supporting your MS journey
Statement of cash flows
Forthe year ended 31 December2024
2024
2023
Cash flows from operating activities
Net cash used in operating activities
143,302
(247,197)
Cash flows from investing activities
Interest received
25,002
(170)
16,058
(5.104)
Purchase of tangible fixed assets
Net cash provided by investing activities
24,832
10,954
Cash flows from financing activities
Net cash provided by financing activities
Change in cash and cash equivalents in the year
Cash and cash equivalents at the beginning of the year
168.134
(236.243)
899.824
663,581
Cash and cash equivalents at the end of the year
831.715
663,581
The notes on pages 28 to 47 form part of these financial statements
27

Multiple Sclerosis-UK Limited
(A company limited by guarantee)
MS-UK
Supporting your Msjourney
Notes to the Financial Statements
Forthe Year Ended 31 December 2024
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. C04 3ZL. It is also
a registered charity. registration number 1033731. Further details are included in the
Trustees, Report.
Accounting policies
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-UL Limited meets the definition of a 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 have sufficient reserves to
continue in operational existence for at least a period of12-months from the
date of approving these financial statements.
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 2024
showing strong positive levels of cash, net current assets, unrestricted funds
and carefully considered budgets and plans for future periods.
28

Multiple Sclerosis-UK Limited
(A company limited by guarantee)
- MS-UK
Supporting your MS journey
Notes to the Financial Statements
Forthe Year Ended 31 December 2024
Accounting policies (continued)
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 of o 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 of a 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 va5ue 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.
29

Multiple Sclerosis-UK Limited
(A company limited by guarantee)
MS-UK
Supporting your Msjourney
Notes to the Financial Statements
Forthe Year Ended 31 December 2024
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 tota5 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 oll 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
nterest 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 Taxation
The charity is considered to pass the tests set out in Paragraph 1 Schedule 6
of the Finance Act 2010 and therefore it meets the definition of a charitable
company for U K corporation tax purposes. Accordingly, the charity is potentially
exempt from taxation in respect of income or capital gains received within
categories covered by Chapter 3 Part11 of the Corporation Tax Act 2010 or
Section 256 of the Taxation of Chargeable Gains Act 1992, to the extent that
such income or gains are applied exclusively to charitable purposes.
30

Multiple Sclerosis-UK Limited
(A company limited by guarantee)
- MS-UK
Supporting your MS journey
Notes to the Financial Statements
Forthe Year Ended 31 December2024
2. Accounting policies (continued)
2.7 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
Improvements to property
Fixtures and fittings
Office equipment
2°/0 Straight line
20/0 Straight line
25 /0 reducing balance
25°/o reducing balance
No depreciation is provided on land.
2.8 Investments
Fixed asset investments are a form of financial instrument and are initially
recognised at their transaction cost and subsequently measured at fair value
at the Balance sheet date, unless the value cannot be measured reliably
in which case it is measured at cost less impairment. Investment gains and
losses, whether realised or unrealised, are combined and presented as'Gains/
(Losses) on investments, in the Statement of financial activities.
2.9 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.
2.10 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.
31

Multiple Sclerosis-UK Limited
(A company limited by guuruntee)
MS-UK
Supporting your Msjourney
Notes to the Financial Statements
Forthe Year Ended 31 December 2024
Accounting policles (continued)
2.11 Liabilities and provisions
Liabilities are recognised when there is an obligation at the Balance sheet
date as a result of a 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 omounts 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.
2.12 Financial instruments
The charity only has financial assets and financial liobilities of a 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 bonk loons which are subsequently
measured at amortised cost using the effective interest method.
2.13 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.
2.14 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.
32

Multiple Sclerosis-UK Limited
(A company limited by guarantee)
- MS-UK
Supporting your MS journey
Notes to the Financial Statements
Forthe Year Ended 31 December 2024
Accounting policies (continued)
2.14 Fund accountlng (continued)
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 ollocated to the appropriate fund.
Critical accounting estimate5 and areas of judgment
Estimates and judgments are continually evaluoted and are based on historical
experience and other factors, including expectations of future events that are
believed to be reasonable under the circumstances.
Critical accounting estimates ond assumptions
The charity makes estimates and assumptions concerning the future. The resulting
accounting estimates and assumptions will, by definition, seldom equal the related
actual results. There are no estimates and assumptions that are considered to have
a significant risk of causing a material adjustment to the carrying amount of assets
and liabilities within the next financial year.
Income from donations and legacies
Endowment Restricted Unrestricted
funds
funds
funds
2024
2024
2024
Total
funds
2024
Total
funds
2023
Donations and Gift aid
Legacies
235.000
213,256
10.535
448,256
15,535
123,101
6,619
5,000
235,000
5,000
223,791
463,791
129,720
Total 2023
21,454
108,266
129, 720
33

Multiple Sclerosis-UK Limited
(A company limited by guarantee)
IMS-UK
Supporting your Msjourney
Notes to the Financial Statements
For theyear Ended 31 December 2024
Income from charitable activities
Restricted Unrestricted
funds
funds
2024
2024
Total
funds
2024
Total
ftinds
2023
Grants
10,000
10.300
6,785
28.931
22.626
20,300
6,785
28,931
22,626
32,000
6,600
29,261
21,385
Other income
New pathways subscriptions
Support sessions
10,000
68.642
78,642
89.246
Total 2023
32, 000
57,246
89.246
Income from fundraising activities
Income from fundraising events
Unrestricted
funds
2024
Total
funds
2024
Total
funds
2023
Fundraising
Advertising and other
620,101
16,857
620,101
16,857
459,355
12,261
636,958
636.958
471,616
Total 2023
471,616
471.616
34

Multiple Sclerosis-UK Limited
(A company limited by guarantee)
MS-UK
Supporting your MS journey
Notes to the Financial Statements
Forthe Year Ended 31 December 2024
Investment income
Endowment Unrestricted
funds
funds
2024
2024
Total
funds
2024
Total
funds
2023
Interest received
1.802
23,200
25,002
16,058
Total 2023
16,058
t6,058
Expenditure on raising funds
Costs of raising voluntary Income
Unrestricted
funds
2024
Total
funds
2024
Total
funds
2023
Direct fundraising costs
Support costs
351,537
59.177
351.537
59,177
282,044
59,432
410.714
410,714
341,476
Total 2023
341.476
341,476
Expenditure on charitable activities
Charitable
activities
2024
Support
costs
2024
Total
funds
2024
Total
funds
2023
Information and support servi￿5
475,772
136.892
612.664
599,474
Total 2023
461,225
138,249
599,474
35

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 2024
10.
Further analysis of expenditure on charitable activities
Restricted Unrestricted
funds
funds
2024
2024
Total
funds
2024
Total
funds
2023
Direct costs
Support costs (note 11)
Governance costs,
Audiulndependent examination fees
22,819
452,953
131,717
475,772
131,717
460,286
135,426
5.175
5,175
2,625
22.819
589,845
612,664
598,337
Total 2023
86,686
511,651
598.337
11.
Support costs
Raising Charitable
funds
activities
2024
2024
Total
funds
2024
Total
funds
2023
Printing, postage, stationery and telephone
IT and equipment
Personnel. professional fees and training
Travel and subsistence
Repairs and maintenance
General office costs, including utilities
17.347
14.519
3.264
3.316
2,625
18.106
38.611
32.318
7.264
7.382
5.842
40.300
55,958
46,837
10,528
10,698
8,467
58,406
52,671
50,025
11,492
12,758
8,813
59,098
59,177
131,717
190,894
194,857
Total 2023
59.432
135,425
194.857
The support costs have been apportioned on the basis of staff costs.
36

Multiple Sclerosis-UK Limited
(A company Ilmited by guarantee)
- MS-UK
Supporting your MS journey
Notes to the Financial Statements
Forthe Year Ended 31 December 2024
12.
Auditor's remuneration
2024
2023
Fees payable to the charity's auditor for the audit of the CharIt￿S annual
accounts
Fees payable to the charity's independent examiner for the independent
examination of the charity's annual accounts
Fees payable to the charity's auditor in respect of:
All non-audit services not included above
5.175
2,625
2,161
1,789
13.
Staff costs
2024
2023
Wages and salaries
Social security costs
Contribution to defined contribution pension schemes
552,899
47,664
12.313
550,038
47.274
10.692
612,876
608.004
Included within the above staff costs are redundancy payments totalling between £5k - £10k.
The average number of persons employed by the charity during the year was as follows:
2024
2023
No.
Charitable activities
Cost of generating funds
Management and administration of the charity
10
11
19
21
37

Multiple Sclerosis-UK Limited
(A company limited by guarantee)
MS-UK
Supporting your Msjourney
Notes to the Financial Statements
Forthe Year Ended 31 December 2024
13.
Staff costs (continued)
The number of employees whose employee benefits (excluding employer pension
costs) exceeded £60,000 was
2024
2023
No.
In the band £60.001- £70,000
The senior management team received remuneration totalling
£245,894 (2023 . £245,403).
14.
Trustees, remuneration and expenses
During the year, no Trustees received any remuneration or other benefits (2023 - £NIL).
During the year ended 31 December 2024, no Trustee expenses have been incurred
(2023 - £NIL).
15.
Tangible fixed assets
Fixtures and
fittings
Office
equipment
Total
Cost or valuation
At 1 January 2024
Additions
16,756
35.182
170
51.938
170
At 31 December 2024
16,756
35.352
52,108
Depreciation
At 1 January 2024
Charge for the year
13,220
871
22,662
3,170
35,882
4,041
At 31 December 2024
14,091
25,832
39,923
Net book value
At 31 December 2024
2,665
9,520
12.185
At 31 Decémber 2023
3,536
12,520
16.056
38

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 2024
16.
Debtors
2024
2023
Due within one year
Trade debtors
3,007
98
3.757
50
77, 856
700
Other debtors
Prepayments and accrued income
Tax recoverable
114,211
1.925
119.241
82,363
17.
Current asset investments
2024
2023
Balances held on deposit
408.032
173.439
18.
Creditors: Amounts falling due within one year
2024
2023
Trade Creditors
Other Greditors
Accruals and deferred income
70,687
1.863
6.996
56,087
294
3.039
79.546
59,420
39

Multiple Sclerosis-UK Limited
(A company limited by guarantee)
-' MS-UK
Supporting your Msjourney
Notes to the Financial Statements
Forthe Year Ended 31 December2024
19.
Flnancial instrument5
2024
2023
Financial assets
Financial assets measured at transaction price
5,030
4,507
2024
2023
Financial liabilities
Financial liabilities measured at transaction price
72,550
56.381
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.
40

Multiple Sclerosis-UK Limited
(A company limited by guarantee)
- MS-UK
Supporting your MS journey
Notes to the Financial Statements
For theyear Ended 31 December2024
20. Statement of funds
Statement of funds - current year
Balance at
31
December
2024
Balance at 1
January
2024
Transfers
inlout
Income Expenditure
General funds
Designated funds
Designated Funds- all funds
400,000
(400,000)
General funds
General Funds - all funds
294.761
952,591
(1,000,559)
400,000
646,793
Total Unrestricted funds
694,761
952,591
(1.000,559)
646,793
Endowment funds
The Edward Gostling Fund
236.802
236,802
Restricted funds
The Big Give Helpline
The Light Fund
Other Restricted Funds
2,819
5,000
(2.819)
(5,000)
(15.000)
15,000
7,819
15.000
(22,819)
Total of funds
702,580
1,204,393
(1,023,378)
883,595
The Edward Gostling Fund is to support core services and activities and can be
utilised to maintain general reserves at the desired level of six months operating
costs as is necessary per the charitable company reserves policy.
Other restricted funds were all to support helpline and online activities and were
used to support the running of these key services.
41

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 2024
20. Statement of funds (continued)
Statement of funds - prioryear
8alance at
31
December
2023
Balance at
l January
2023
Transfers
in/out
Incom8 Expenditure
Unrestricted 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
The Edward Gostling Fund
Ladbrokes Coral Trust
28,517
(36,051)
(25,000)
(1.000)
(10,590)
{8.045)
(1.000)
(5.000)
7,534
25,000
1,000
10,590
10.864
1,000
5,000
The Big Give - Pear Support
The Big Give Helpline
The Grace Trust
The Light Fund
2.819
5,000
5,000
33,517
53,454
(86.686)
T,534
7.819
Total of funds
936. 890
706,639
(940,949)
702, 580
42

Multiple Sclerosis-UK Limited
(A company limited by guarantee)
XX MS_UK
Supporting your Msjourney
Notes to the Financial Statements
Fortheyear Ended 31 December 2024
21.
Summary of funds
Summary of funds - current year
Balance at
31
December
2024
Balance at 1
January
2024
Transfers
inlout
Income Expenditure
Designated funds
General funds
Endowment funds
400,000
294,761
(400,000)
400,000
952,591
236.802
15,000
{1,000,559)
646,793
236.802
Restricted funds
7,819
(22,819)
702,580
1,204,393 (1.023,378)
883,595
Summary of funds - prior year
Balance at
31
December
2023
Balance at
l January
2023
Transfers
in/out
InGome Expenditure
Designated funds
General funds
Restricted funds
400,000
503,373
33,517
400,000
294, 761
7,819
653. 185
53.454
(854,263)
(86,686)
(7,534)
7,534
936,890
706,639
(940.949)
702.580
43

Multiple Sclerosis-UK Limited
(A company limited by guarantee)
MS-UK
Supporting your Msjourney
Notes to the Financial Statements
Fortheyear Ended 31 December2024
22. Analysis of net assets between funds
Analysis of net assets between funds - current period
Endowment Unrestricted
funds
funds
2024
2024
Total
funds
2024
Tangible fixed assets
Current assets
Creditors due within one year
12.185
714.154
(79.546)
12.185
950,956
(79,546)
236,802
Total
236,802
646,793
883.595
Analysis of net assets between funds - prior period
Restricted Unr8Stricted
funds
funds
2023
2023
Total
funds
2023
Tangible fixed assets
Current assets
Creditors due within one year
16.056
738, 125
(59.420)
16,056
745,944
(59,420)
7,819
Total
7.819
694. 761
702,580

Multiple Sclerosis-UK Limited
(A company limited by guarantee)
- MS-UK
Supporting your MS journey
Notes to the Financial Statements
Fortheyear Ended 31 December 2024
23.
Reconciliation of net movement in funds to net cash flow from operating activities
2024
2023
Net incomelexpenditure for the period (as per Ststement of Financial
Activities)
181,015
(234,310)
Adjustments for:
Depreciation charges
Interest received
(Profit)l Loss on disposal of fixed assets
{Increase>lDecrease in debtors
Increasel(Decrease) in creditors
4.041
(25.002)
4,392
(16,058)
936
(36,878)
20.126
(15,876)
13,719
Net cash provided byl(used in) operating activities
143,302
(247. 197)
24. Analysis of cash and cash equivalents
2024
2023
Cash in hand
Notice deposits (less than 3 months)
423,683
408,032
490. 142
173.439
Total cash and cash equivalents
831,715
663.581
25. Analysis of changes in net debt
At1
January
2024 Cash flows
At31
December
2024
Cash at bank and in hand
Liquid investments
490,142
173,439
(66,459)
234,593
423,683
408,032
663,581
168,134
831,715
45

Multiple Sclerosis-UK Limited
(A company limited by guarantee)
- MS-UK
Supporting your Msjourney
Notes to the Financial Statements
Fortheyear Ended 31 December 2024
26.
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 £12,314 (2023 - £10,692). At the year-end date £2,595 (2023 - £2,609)
were due to the fund and are included within creditors.
27.
Operating lease commitments
At 31 December 2024 the charity had commitments to make future minimum lease
payments under noncancellable operating leases as follows
2024
2023
Not later than 1 year
Later than 1 year and not later than 5 years
34.565
88,995
21.669
12,477
123,560
34, 146
28.
Company limited by guarantee
The company is limited by guorantee 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 charitoble 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.
46

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 2024
29.
Related party transactions
During the year the charitable company reimbursed Philip Startin, a trustee who
provided online courses free of charge, his expenses totalling £870 (2023 £1,305).
At the year-end date £435 was outstanding and is shown within trade creditors
(2023 £nil).
47