Company registration number.. 04501975 Charity registration number.. 1095695 MS Therapy Centre (NW) Helpingpeople with MS, their famllles and carers to Ilve an Independent life. The Multiple Sclerosis Therapy Centre (NW) Limited IA company limited by 8uaranteel Annual Report and Financlal Statement5 for the Year Ended 31 December 2024 The Moffatts Partnership LLP Chartered Accountants Suite 1.1. Jaekson Flouse Sibson Road Sale M33 7RR
The Multlple Sclerosls Therapy Centre (NW) Llmlted Contents Foreword Reference and Administrative Oetails 3to4 TnJstee5 Welcome Staternent Stru¢ture. Governance and Management 6tts8 Financial Review Revlew of Charltable Actlvities and Engagement 9t013 Staternent of Trustees. Responsibilities 14 Independent Examlner's Report 15 Statement of Hnanclal Artlvltle5 16 8alaftce Sheet 17 Statement of Cash Flows 18 Notes to the Financial Statements 19to34
The Multiple Sclen>sis Therapy Centre (NW) Umfted Reference and Admlnlstratlve Detalls T Trustees of the MS Therapy Cefttre INW) present the AnThl Report ènd Antnclal Stements for the year ended 31 December 2024. They ha been prepared In accordance ¥Ath the Ststernent of RernMended Accountln8 Prdctke: Accountln8 and Reportlng by Ch•rltles IFRS 1021. R•f¢i•Ke •fid Al$tIVe Ilrt•Hs The prtnclpal offlce olihe charlty Is: Bradbury House 6 Ellia Ann Street Eccles ManchertLY M30 OGL Charity Re8 No: 1095695 Cofflplny Re8 No: 04501975 In the ye•r •nded 31 December 2024 the foll¢Thln8 people ser¥•d •s TnJleek k+r the tyrpoS of compny I the named Offl¢efS are also Olrectofs as Itl¢ated. M aarKy A C Gllbody A Hedlev D G Hodklnson A Hughes B Slrnpson N D Tett4h s uttley. {re518n¢d 30th September 20241 {•ppolnted 7th October 2024) (resl8ned 7th October 20241 Ireslyd 7th October 20241 Irewed 7th Odober 2024) Ireslgned 31st Mly 20241 All of the Trustees were Sn post for the 12 monih ptrlod to 31st December 2024 exept where Indluted. Pale3
The Multlple Sclerosis Therapy Centre (NW) Llmlted Reference and Admlnlstrative Oetalls Ad¥lsws The followlng seThlc8s were retalned by the Charlty durln8 2024 Solldto Accowrtorts North Alnley Hjlllwell The Moffltts P•rtnershlp LLP 34-42 Cle88 Street Chartered Accountants Oldham S¥tte 1.1. Jackson House Lancashlre Slbson Road OLI IPS Sale M33 7RR 6•nkers HS8C PIC Oarclays 8onk PLC Vllhy W•y Manchester Clty Offic• Trafford Pirk 51 Mosley Str*et Manche#¢r Manchest M17 IBP M2 3HQ M•n¢htster Bulldln8 Soclety H•mpshlr• frust Bank 125 Portland Street PO 8ox 74003 M•nchester Lortdon MI 4QD EC2P 2QR Page 4
The Multiple Sclerosis Therapy Centre (NW) Limlted Tntstees. Report Trustees Wekorne Ststement As we look back on 2024. and the first full year slnce the Charity rnoved Into new prernlses, we reco8nise the challenges and successes we have seen. We are very proud of the efforts of our tearn and volunteers In brtnglng back Into operatlon 01 5UPPOrt and ser¥ice5 to the MS communltv. The inlilal return of mernber4 volunteers and frlends be8an Slowly and we a150 faced the challen8e of ¢ontlnuln8to fundralse in order to pro8re55 the renovatlon of the l)uildin8. Since our inltlal decision to purtha the property. it has been a dlfflcult Jourrw exacerbated by the InCaSe in buildln8 materlals and renovatlon costs and the challen8ln8 economlc cllmate. In eneral. th15 has increased the cost of renovation by at least 25%. We ctInUe to look foTh¥ard and have now ffloved to Phase11 of the project and face raisin8 a further £ioo.orA) {at current costl wlth the Intentlon of being able io rnove into the 2nd floor of Bradbury House. Followln8 a vlslt from the Bradbury Trust on 22nd August 2023 a second award of £IOO.000 was re¢el¥ed in February 2024. Th15 act of klndness allowed us to Complete Phase l of our constructlon and refurbishrnent proleci. The costs Incurred In 2024 for con5tructlon and redeveloprnent of the Centre was £22L361 and Phase I Is now Completed and pald for. Slnce Covid 19 our ways ot working have chan8ed and we have tearned to adapt In ways that we have never needed to before. We reco8nise that this affect5 everyone a55oded wlth the Char5ty and our valued staff team. Belng able to return to our 8atherln8s In the Dropln Centre has brought back the sense of 'famlV and of eouts• the cakes al partles that we have all mlssed 50 mu¢h. Whllst our maln concentratlon has been on the renovatlons: we strive to conttnue provldln8 the everyday service$ we are known for to our members, their familles and carers. We are acutety aware th the development of the bulldlnB wlll enhance those servlce5 and we are eternally 8ratefvl for the 8erteroslty of our dO[r$. partrter5 and volunteers. Wlthout them we would not be able to ¢ate the moments of loy and comfort that 5UPPOrt people at some of the tougher tSrne5 In thelr Ilve5. 1 would Ilke to thank each and every one of them forthetr bellef In the Charlty. Our challen8es for the fvture In providln8 Sustainable income and ensurln8 that the bulldln8 is as enerBY efficient as possibl remaln In focus algn851de the bulldlru8 development. We see the unlty brou8ht about by our common goals every day and bt never ceases to amaze u5 when yet another hero comes Into our Ilves, stepplrq up to help. support donate and make dIffen In the Iktes of people ihey may not even know. We continue to look for partnership opportunltles alon8slde more efficler*t ways of workin8 and reducing costs. We work tlrele551y to Monitor proBress. measure Impact and Ilsten to our beneflclarles and the wlder community in orderto develop lon8temi re511knce as well as addresslnslmmedlate needs. We conunue to prornote our servlces and those of our partners at events and throu8h our artMtle5. We algo ¢hallen8e those statutory bodles and or8anlsatlon to recognlse need and to proactlvely 5oln wlth us In meetln8 those needs golng forward. Whllst the future wlll be thallen8ln& we alm to confront wlih reslllence. humour and humiknty In orderto meet ourowectfves and to Ènhance the lives of those whom we serve. We hope that you will continue that journey with us and brfn8 new frlends with you to help us achieve all that we can for our communlty. Page 5
The Multlple Sclerosis Therapy Centre (NW) Llmited Trustees, Report Structure• Govwnance and Manaiement olgovernlnq document Trafford Multlple klerosis Therapy CentQ Wa5 retered wlth the Charlty Commlsslon on 29th January 2003. The narne was than8ed at a 8eneral meetlngon 23rd Au8USt 2010 to the MS Therapy Centre INW). It is also a company limited by guarantee. The adopted memorandum and artlcles are those provided by the Charltles Comm1$51on as a rnodel for a ¢har5table company. The cornpany does not have share capltal. The company rnembers Ilablllty15 Ilmlted to £10 and the governlng document 1$ the Memorandum and Articles of A5$0clatlon. The Board of Trustees remains responslble for the overall governance. management and control of the charlty. Day to day management of the Centre Is delegated to the Office Manager who reports to the Board re8ulaTly through Ilne management m8etlngs. The Charity seeks to Improve It5 alnment to the Charlty Governance Code ft)r Small Charities ¢0 govem Its affalrs and management of Its r15ks by: Re8ularly revlewlng its Memorandum and Artldes of A55oclatlon to ensure that they are effectfve in 8uldlng and 5UPPOrtlng the work of the Charlty as continue5 to Brow. CarrSe5 Out pertodk skllls audlts to inform the recrultment of new Trustees and bulld a Board wlth an appropriate sklllsi gender and ethnlc balance. Ensuring that the Board re8ularly reviews its ptrforn)ance. Regularly revlews and assesses all key risks and ensures that those rtsks are managed proartlvelv. Re¢nthentandAppolntmentolthe Boordof Trustees In order to compfy wlth the ¢urreni Memorandurn and Artldes of Association a mlnlmum of three Truste must be appolnteiL Therels no maximum stated. New Trustees undertake arn Induttion process and experlenced. established Trustees are available to them for 8uldanceand reference. Further detalls of the recrultment process and responsibllltles are avallable In the Memorandum and Artlcles of Assoclatlon. The Board demonstrates a variety of skills and experience in keepirg with the oblectfves of the charity and the need for expert 8ovemance. Sklll requirements are monttored and addlttonal Trustees proactively sou8ht If and en requlred. Indurtlon andtrathlnq oAtrnstees New trustees Jre provlded with ternis of referen and a pack of Inforrnation relatlng to the constltlrtion, gOverTran and operatlon of the trust. The charlty b5 rnana8ed by the Trttee$ Management Committee whlch comprises ihe company dtreciors. Thè comrnlttee, whlch meets on a re8ular ba515. Sets the strategic dlrection of the tharity, a8ree an annual bud8et. and monltors perfomiance a8alnst the bud8et. Company dlrectors are appointed by ele¢tlon as the Annual Ger31 Meetlng each year. Day to day management of the Charlty15 delegated lo the Centre Manager. Page 6
The Multlple Sclerosls Therapy Centre (NW) Llmfted Trustees, Report Majorrfsks andmqnogementof thwe rfsk¥ Risk Monogement The major rlsks to whlch the Charhy Is exposed have been Identlfled and nsIdered. They have been revEewed Jnd systems 0Stgblb5hed to fflltl8ale those r15ks. The Trustees contlnue to revlew and Identbfy r15k and to respond accordln8ty u51ng J man88ad appma¢h. ReseNu Polky 1$ the oplnlon of the Trustees t the Charlty should hold financlol reseNes beYse. It requlres protertlon aplnrt the 8blllty to contlnue oper•tln8 desplte a $18nlflc•nt delay kn Income $lreom$,' It requlres protertlon Should the Charlty lose 518nlfl¢•nt Inwrnelfundln8 or have to c¢85e Its operatbons and fullll ontrarted obll8atlons; It requlres protectlon aoalnst er41 buslness rlsks, fluctuatlons In Income streams and unforeseen wsts: The Charlty Cornm11n a55ert5 thjt charitles should not hold 5ubslJntlal unspvjnt reserves. Th¢ Trustees reco8nlse thelr responslblllty In meetln8 these obll8atlons and revlew the funds In reserve regularly. They contlnually enB88e In effertlve and efflclent pendItUre revlew •l¢M8slde flnèndal and budgetary phnnln8 In order to safeguard the senAces provlded by th• Charfty and those thatthe MS Therapy Centre INWI serAs. ObJ•dl¥u and artl¥1•5 Oble¢ts ¢7ndalms Income recefved bythe Chartty15 1¢¢epte(l. held •nd •dmlnlstered forthe purposes for whS¢h It W•S 8Sven. Our purpose as relsterod wlth th• CrIty Comrnlsslon and ststed In thè Mèrnorandum and Artlcl•s of Assoclatlon Is.. 7he Chorlty Is prfnclpolly engoged In ortlng fvr the publlc benefft to old ond Impmve the condltlon of all those sufferlng fvm multlple 5def0515 ond other neumloqkal condltlons bypmvldlnq qdvlc¢ guldonce ondmoml ond practl¢qlsupports to fferer$ qnd thelr corers ty orranplnffj provldlng ond operatlngfvcllltlesfvr theropeutl¢ treotments to old and enhonce the monaqement of the dlseose., In order to support theje oble¢tlveswe: Provlde a ryn of treatments and theraples th•1 provld¢ rellef from symptom$ of MS Ind other neurolo8kal and hronlc ¢ondltlons In order to enrlch Ilves; Provlde a dropln centre. Inforniatlon polnl and counsellln8 servlee as i hub of support to tackle psycholo8l¢al symptoms and reduce1501atlon for people wlth Multlple Sclerosis. thelr carers and famlly In the North West: Promote and support phys11 and ment81 wll.belng toth•r wbth hèalthy lIn8. We wlll offer frlendshlp, companlonshlp and support to encoura8e physlcal exerclse to enhance mobllty ihrou8h Physlothèfapv sesslonslelasses. use of equlpment. mas$age5 Jftd Illness Jnd wellbelni classes alon8 wlth our maln thenpy of Oxygen Treatment. Our vln Is to be able to offer a welcomin& beneficial envlronment which enriches the lfves of people Nvlng wbth MS and related condiilons. Pa8e 7
The Multlple Sderosis Therapy Centre (NW) Llmlted Trustees, Report Ourvalues listeni knstenin8 to our mernbers allow us to adapt to their needs Incluslve: We befieve that everyone make a contribution to our centre and we feel It Is Important to provlde the space for thts to happen Celebrntln8 Success: Our volunteers and members are at the core of our centre and we recognise all $Pport and achievements. Non-Jud8emental: Thls allows the space for our members to be thernsefve$ and to feel comfortable to be who they are. Fundrdisin8 by the charity Is controlled by the fundralsin8 mana8er who Is an employee. There are numerous ways that ihe charity rnanaBes to raise fvnds. whlch Indudes dlrect donatlons from the publi¢ and members of the charity. or8anlsed in store collections and street collectlons, sponsored events such as marathons and dlrect donations or 8lfts from trust funds that exist withln the UK. The charlty does not approach rnembers of the publlc dlrectly for fundraising but quite the opposlte, ft is common practke for the publlc to approach the charlty to glve donatSons, The trustees confirni th* they have compfied wlih the requlrèments of the Charltles (Protection and Soclal Inve5tmeTrt) Act 2016 and ha due re8ard to the fvndralsln8guid8hce publlshed by the Charity CommSssion for En8land and Wales. Pub15c Benefit The Trustees have a duty to comply with Sertion 17 of the Charitles Act 2011 to havè due regard to the Charlty Commlsslon's general guldance on publk benefit. rhe Trustees con51der the aims and objectives of the Charlty and compare these wh the athievements and outcomes of the varlous artfvltles, theraples and swvlces. revlewln8 the benefits brouBht to the publL The Trustees have referred to the Charity Commi55ton'5 8uklance on publl¢ benefft in undertakln8the public benefit duty. The Trustees can wifimi that the Charity has fulfilled the publlc benefft requlrement and that th15 requlrement Is stron8ly embedded wlthin the polities and pro¢edures of the organisation. Paue 8
The Multlple Sclerosls Therapy Centre (NW) Limited Tru5tees' Report Flnand•l Revl Thanks to our supporters we haNE ralsed an amozSng £454.472 durin8 2024. In additk¥n. donations In klnd of at least £2,OQ) have been recdved. These rnn8e from raffle wkne5 to refreshments and even tollet rollsl Eath th reduces our costs arKI ts 8reatly appredated. Our Balance Sheet contEnues to look healthy as we ¥H¥rk to raise the fvnds to continue the n0VatIon of Brddbury House. Expenditure efficienoes conflnye tOVArds achtevln8 thts 8031 05 does our MrnI1fflent to creatin8 an energy efficient buildin8 to Improve suststhablllty. reduce energy bllls and help the envtronmert Crossovw of expen¢Hture between 2023 and 2024 for work carrled out on the bulldlni leads to the appearnnce of a delkh thls year a5 per Note 2110 the accounts. Q¥erall the tharlty remains sustathable and * see a brft fvtuo ahead wlth Imwo¥ed fadlllles and servlce offerln& Wlthln the accounts you see dets51s of restried fundin& Currerrtty we hokl the follNln8 m¢)nles awarded towards Phase 11 of the refurbishment projec The Jonathan Apthorp tharity Saddleworth Comrnunlty Hytho Morrlsons Found•tJon É14.528 £2,350 £7.194 In addltlon. we have a p]ed8e of £50XWJ) from the Beffla Sunly Fourtdatlon fotloln8 thelr vtsit to the C•rtre on 10th Ortober. A special mentlon must be made of the Around the World In 80 Days dolkn8e. Our fornw trustee Tony Hu8hes set this event up and ralsed obv £24.CW. For a small charlty this is an truedible boo# to funds artd it has helped us tt realise an exce$5 of general Income over expendlture In 2024. Many. many thanksto all who took partand thelr supwr> Expenditure of E290,968 reflects the faa that th new flrtures and fittin85. malntenance bllls have been minlmal. In ad(rrtio the Centre cUrrenV operates 3 day5 per V•Eek whi15t the a5Wrntlon is to open 5 days in the fvIU As work pro8resses the income wlll reduce in line wlth expenditure on PyJildln8 costs. We are 8raieful to e¥ery(me who h?5 5UPWrted the dwrlty on a day to day basi5 and to those who embrxe our vlslon of * bulldlng purposefulty adapted forour community. Rje of crable Artl¥ltl¢s and En8a8wnwrt In spite of the very real barriers and chatlenBes that we have faced this year MS Thwapy Centre has seen true Impart In Its endeavours. Our members and those accessin8 SUPPOrt have dl4rr4fied and we a seelng a 8rowln8 numbw of ihose sufferlng from Lon8 Covkl requesting oxy8en thernpy. Whilst the Centre yves preference to MS sufferets. we are happy to support those wlth thls Conditlon t*then our servlces aren't fvlly booked. Not only does li brin8 In irKm through donatlons but it also benefrts those In the communlty wlth thls debllltatln8 condltijn. The ran8e of condbtions 5WPPOrted durin8 2024 Is shown below:
The Multiple Sclerosis Therapy Centre {NW) Limited Trustees, Report Conditions Supported* Cancer 646 FibromyaigialMEICFS 32 Long Covid MS Unspecified Stioke Wound Healing 'whilst oxygen therapy requires disclosure of the condition some of our attendees prefer that condition not to be disclosed publicly. Therefore. these are detailed a5'unspecified' in the Illustration. ICMXJ sessions of oxygen therapy were provided in our 6 seated chambers during 2024. This service was received by 5.000 attendees. In addition. 2000 hours of svrface oxygen was provided. This remains our most popular therapy and whilst our partners provide information on the service. and we receive referrals from healthcare professionals, a great deal of attendees hear about us by word of mouth. The support provided by the Charity spans an age range or 18 - 88 years. We are seeing some younger members using the Centre and we hope to develop this area ol our work, as access to support and a place catering specifically to the younger age group is severely lacking throughout the north west. Our engagement at this sta2e is encouraging. Shown below are the engagement percentages by age range. As previously stated, some people do not wish to publicly share their age and this has been identified within the'unknown, section. Below this chart is the engagement by gender illustration. Page 10
The Multiple Sclerosis Therapy Centre {NW) Limited Trustees. Report Engagement by Age Range Age Range 18- . 36-50 51•5 •86.80 •81.88 • lthknawn Engagementby Gender Mate 3646 Female64 The Centre ha5 a robust volunteer recruitrnent process and many of our volunteers have personal experience or a connection with MS. They work tirelessly to SUPPOrt others and durlng 2024 a tremendous 4,200 volunteerin6 hours were1088ed. Wlthout this kindness we woul(5 need to severely limit our sUPPOrt. Whi15t we are Currently unable to provide physlotherapy at the Centre we have supported thls service gn a 1.2.1 basis In people's home5. 252 5e55Tons were carried out during 2024. This is a greatly reduced arnount to previous year5 when we were ble to provlde classes and 1-2-1 sessions at the Centre. This 15 one of the reasons why we are pressing ahead to renovate the 2nd floor of Bradbury House. Part of thi5 phase will provide 2 therapy rooms, 2 officeslconsultin8 rooms and a floor exercise area thus allowin8 US to use the spaces for physio onsite once again. Pa8e 11
The Multlple Sclerosls Therapy Centre (NW) Ilmlted Trustees. Report We ctInUe to spread awareness of the Centre alon8side parthers and to those whorn we wlsh to partner wlth. Some of the actfvlties undertaken include: Counclllors. tours of the Centre Salford CVS vlslt and collaboration Attended Stockport MS society event to ralse awareness of the Centre and its services. Attended a Newly Dlagnosed Day at the MS cnIC Presented to Oldharn MS Societyto raise awareness of the Cenire and its seivites Developing our monitorin8 and evaluatln8 pro5$e$ Is on80in8 a5 is invofvln8 Members in tellin8 us about the real changes our seNices make. We are collettin8 their stories and journey5 In order to shape and develop future seThlces. By concentrating on helping people to reallse what they can do rather than what they can't do we have seen Incrsed aspiratlon and reduced ne8atlvlty. Bradbury House. as well as beln8 a great social de¥elopmÈnt space Is also a safe space ft>r people to discuss issues of a practlcal and personal nature. It Is reported that belnB amongst others who understand thelr condltion, and Its effects, allows them io feel supported rather than embarrassed when thlnBS don't 80 qulte as planned. Overnll improvements are both soclal and physlcal and demonstrates ihe importanceof low-level Interventlons for emer8lng worries and feats. Alon8slde support services the cent also hosts a numbèr of 50dal events includin Chrlstrnos partle5 Easter partles Birthdays Halloween Gardenu)8 Party Golng ¢oncem The trustees have considered 80in8 concern. The trustees have a reasonable expectstlon that the charity wlll have adequate resources to tt*ntinue in operational existence for the foreseeable future. The charlty therefore continues to adopt the golng concern basison preparin8 its flnancial statements. Funds In defidt There are no funds in deficit. Prfnclpolfvndlng sources The charlS principle sources of fund5 were derlved as a result of donatlons from members, trusts. other charities and the publlc. Page 12
The Multiple Sclerosls Therapy Centre (NW) Limlted Tnistees. Report The trustees conslder inNEStment of chath funds where aPpr0wte wSth partkular regard to return on Investment ar 5ec¥Jrlty of fvnd5. Charlty fvnds are only put on Inwestrnent when needed for operatlng cost The annual reporttas appro¥ed ty the Ofthe ch•rlty on 19 Seplember 2025 and slyd on Its behaw by. A Hedley Trustee Pa8e 13
The Multlple Sderosls Therapy Centre (NW) Umlted Statement of Trustees, Responslbllltles The Trnstees Is chawd under charity and coryxxate law to preparè the TruAee's Ann1 Report and Hnanclal Ststement$ In acconl•nce wlth appllcable law arrfl Unlted Kln8dom l£countkn8 stanrds. indudln8 FRSIO2. The law 3ppncae io Charfe$ En Ennd and Wales requkes the Tnr5Qees to Prepa finandal staternenls for each finJnclal year whlch 8l¥e a true and falr Vlew of the Charws fina•idal artt4fltles duri the year and bts financlal posltlon at the end of the year. eest practlce Indudes: Sekniin8 sultable accountln8 lItIeS and •pplyln8th•m con$15tenity M•kln8ludgem)ts th•t are reasonable and prudent Statln8 whether applkable KcountSn8 Standards and statemenis of ¢ecornrnended practlce hm bèen followe4 sublert to any departures from those belrtB dlsclosed and explalned th ihe fiMnd•l statements Preparln8 the flnanclal statements on the 8oln8 concern basts unless kn Is Inappropriate to presume t1 the Ch•rlty wlll ntInue In operatlon Keepln8 proper ntIng re¢ords vthlth dlsclose wlth propef x¢ur•cy. •t •rry tlm¢ the ftAanclal posltbon of the Charlty. They must aLso enable the Trustees to ensure that the fin•fKial statements comply wlth the requ5rements of the Charltles Art 2011, the appllcable Cha¢ltles (accounts and reports) ffe8ulatlons •ftd the provlstons of ihe Memornndum and Artkles ofAssoclatlon ¢e8uardlTh8 th• •ssets ofthe Charfty by tskn8 reasonblt steps In the wevertlon •nd de10Th of frnud Jnd other rre8ularftles The Trusiees ¢onflrm that they have m•t the responslblutles ar¢orded to th¢m •nd ¢omplled wlih th• requlrements for preparln8 the accounts. The financlal statements lrtluded In thls report haw been compll•d fro •nd Ire In KCOTd•n¢e wlt the ffinandal records malntalfted by the Charlty. Approved by the trustees oftt• tharity on 19 S¢ptmbor 2025 and on Its beh•lfby. A Hedl¢y Trustee Pa8e 14
The Muftiple Sclerosis Therapy Centre (NW) Llmlted Independent Examiner's Report to the trustees of The Multlple scler1$ Therapy Centre (NW) Limited (he Company,) I report to the charlty trtee5 on myexamotwtlon of the accountsofthe Companyfor Ihe year eThled 31 December 2024. R•spoMlbllltle5 and basls of re A5 the charltys trumees of the Company land also Its dlrertors for the purposes of >ThY lawl wju are reSpOnbIe for the prepaTrtlon of the accourts In attonlancewiththe requinnents ofihe Cmipanles Act 21))61'the 21X)6 AcV}. HavSng satlsfied myself that the accourt5 ofthe Company are not requffed to be aurfrted under Part 16 ofthe X6 Act and are eli8lble for independent examlnatlon. I reF In resFod of examinatk>n of ur charit$ aCcOts as carried out urmjer sertlon 145 of the CharTiles A£t 2011 Iyie 2011 Acf l. In carrylng out my exnlnatlon I have followed the Olrectlon5 Oven by the Charftycommlssion under se¢tl¢)n 1451511bl of the 2011AcL IndependentwmlWs st•tthThent Slnce the Company'5 8r0$5 Income exceeded £250.IV) your exarnlw must be a member of a body Ilsted In Section 145 of the 2011 Act. I confirrn that l am quallfied to undethke the examinlon because l am a member of the In5tltute of Chartered Accountants In Englarrfl and Wales. whlch Is one of the Ilsted bodie I have completed my examlnatlon. I conftrni that rnatters have cryne to rny oitwtlon In tonnectlon wlth the examination gbvln8 me cause to bee¥e. l. accountlng records were not kept In re5pert of The Multiple Sderosis Centre IIIW) Lhmited a5 requlred by section 386 of the 2ts36 Art: or 2. the accounts do not accord wlth those recor. ow 3. the accounts do not comptywith the accounttn8 requlrements of seCtn 396 of the X#)6 Act other than any requlremènt that the accounts 8r¥e a Irue and fairT4lewl Thkh is Thot a matter consldwed as partof an Independent examlnatlon: or 4. the accounts have noi been prepared In acconlance vth the methods and prindples of the Statement of Recomn*nded Practke for accountin8 aThl reFJQrtlng by charities lapplicabkto thaTities preparn8 their accounts In a¢dance with the Flnanclal Reportlng Standard appllcable in the UK and Republic of Ireland IFAS 102)]. I have no concerns and have cm xrou rK> other matters In conrth wilh the examSnaQlon whkh attentlon should be dravm In thls report In orderto enable a Foperunderst•Mlln8 of the accountslo be reathed. John Saxo titute of rtered Accountants in Eand and Wales The Moffatts Partnership LLP Chartered AcMuntants Suite 1.1. Jackson House Slbson Road Sa M33 7RR 19 Septernber 2025 Pa8e 15
The Multlple Sclerosi5 Therapy Centre (NW) Llmlted Statement of Financlal Actlvltles for the Year Ended 31 December 2024 (Includlng Income and Expendlture Account and Ststement of Total Recognlsed Gains and Losses) Tot1 2024 Totsl 2023 Unrestrlrtod Restrirted Ineome Bnd Endowm•nts fmm: Donatlons ènd le8acles Other Iradln8 actfvltles Investment Income Other In¢ome 276,854 28,765 2.131 145,737 422.591 28.765 2.131 985 716.777 42.200 2,325 Tot•1 In¢ome 308.735 14S 737 454 472 761302 Expendlture on: AJlsln8 funds Charltable actfvltles 35,012 255,9S6 35,012 255 956 54,779 145,716 Total Expendltur• 290,968 200.495 Net Income Transfers betw•¢n funds 17.767 159 613 145.737 159.613 163.504 560.807 N•t movement In funds 177,3BO 113.8761 165.504 560,807 R•¢•n¢lllBtlon olfvnth Total funds brou8hi forward 1,116.872 37.948 1154.820 594,013 Total funds carrd forward 21 24.072 1,318 324 154,820 All of the charlty's actfvlts d¢rlve from contlnuln8 op•ratlons durln8the bove two perlods. The fvnds breakdown for 2023 Is shown In note 21. The nofes on page5 19 to 34 form an Integral part of thèsè financlal statemen15. Pa8e 16
The Multlple Sclerosls Therapy Centre (NW) Umlted (Reglstratlon number: 04501975) Balance Sheet as at 31 December 2024 2014 202J Flxed •ssets Tan8lble assets 15 L544,401 1.477.301 Current au•ts Debtors 16 11.889 96,036 107,925 17,767 106,411 124.178 Cash at nk pnd in hand 17 Credltors: Amounts t4lllni due wlthln one ywr 18 29,816 N¢¢ Current wet51111•bllltk51 78.109 1.690 T*)tal Juots l•u wrr•n¢ Il•bllltl 1,622,510 1.475,611 Cr•dltorn: Amounts l•lllni due•fter m•re ihan yo•r 19 304 186 320 791 Net assets L318.324 1.154.820 Fundi olthe th•rfty: Rttirftted In¢om• fvndi Restrlrted funds 21 24.072 37.948 unm5Cled Income Ivn& Unrestrlcted funds 1,294.252 1,116.872 Totsl lunds 21 1,318.324 1.154.820 For the finanrljl year endln8 31 December 2024 th rh4rlty was entltled to exemptlon from audft under sertlDn 477 of thq comnIeS Art 2006 relatln8to small comp8nle$. Dlrector$' responslbllltle5', The rnembers have not raqulred th• charlty to obtaln an audlt of Its ¥ccounts for the ye•r In questlon In wd•nce wlth sectlon 476; and The dIreOr5 acknowled8e thelr responslblllties for complylng vAth the requlrements of the kt wlth raspe io 8c¢ountlng Cords and the PTeparath)n of accounts. The flnan¢l¥l statern¢nt5 on pp8¢5 13 to 31 were approv4d by the trustees. and authorlsed for Issue on 19 September 2025 and $18ned on ihelr belf by: A Hedley Trustee The notes on pages 19 to 34 fom) an Int¢8ral part of these flnan¢l?I statements. Pa8e 17
The Multlple Sclerosls Therapy Centre (NW) Limlted Statement of Cash Flows for the Year Ended 31 December 2024 2024 2023 Note Cath flow5 from Opernt1 artlvltles Net cash Income 357.296 560,807 Adlu5trnents to ush flows froffl rtonwcash Stems Depreuation Investment income lo.3) 2.131 365.46S 13.446 2,325 571.928 Workln8eapltsl adIlments Decrease In stocks Ilncrea5elldecrease In debtors Decrease In credttors 16 I44.1) 94,777 99.364 18.28S Net cash flow5 from operatinB attivities 226.567 653.855 Cash fiows from In¥estln8artl¥ltles Interest reIVed Acquisitions of tanglble assets 1131 221.191 2.325 Net cash fflows from Investln8 activities {219.0601 1638.5761 Cash flows from finandnBactl¥ltles Repayment of bank borrtrwln8S 117.882 41.252 Net Idecreaselllrtcrea5e In ¢a$h and cash equivalent5 110.3751 56.531 Cash and cash equlvalents at l January 106.411 49.880 Cash ar cash equivalents at 31 December 96,036 106,411 All of the ush flov45 are derived from coTrtlnu5nB operations durlng the abo¥e two per1(s. The notes on pa8es 19 to 34 form an Integral part of these fln•nckl staiemen Pa8e 18
The Multlple Sclerosls Therapy Centre (NW) Limited Notes to the Financial Statements for the Year Ended 31 December 2024 I Charftystst The tharlty15 lim]ted ty 8uarant Incorported lfi En8land. and con5equ• does not have Share capital. Each of the trustees Is Ilable to Contrlbute an amount not exceedln8 £1 tryw•rds the assets of the tharity in the event of Ilquldauon. The addre of its re8btered offke Is: Èradbury House 6 Ellia Ann Street Ecdes Manchest M300GL These financlal state1 authorised for issue bythe trustee5 on 19 Seoembef 2025. 2 Accountlng pollde5 Summary of sl8nWlant a¢countln8 plldes and key a((ounthig esUmate5 The prlnclpal accountln8 poncle5 applled In the weratIon of these finandal ststements e set out bel(M. These have been ¢onslstentty apW to all the /r5 presented. unless othe ststed. ststement ol c•mpll4nce The financlal statements been prepared IA accordance with Ac¢ountin8 and Reportkn8 Charths: Statement of Recommertded Prattice applicable to thariknes weparin8 trlr accounts in accordance the Flnonaal Reportin8 Standard appllcable In the UK and Republlc of Ireland IFR5 1021 leffedi¥e i January 20151- (Charities SORP IFRS 1021). the fiTranchi1 Reportln8 Standard appllcable in the UK and Republk of Ireland IFRS 1021. the Chathles P£t 2011 aThS the Compartes Act 21JO6. Bas1$ ot preparath The Multlple Sclerosis Centre {NW) Lmited meets the defiftin of a publk berfft enthy under FRS 102. A%sets and Ilabllitles are reco8nised at histortsl $t or transactlon Val unless ststed In the relevart accouniln8 poIIcy notes. Golni contern The financlal stttements have been Prepared on a 80in8concern baslk tee5 assus tAhetherthe use of 8olrqcc#icern b aPpr0wte l& wlththere afe any matwtsl uncertainties related to events or condltlons that may tast significant doubt on the ablbty of the tharity to contlnue as a 8oln8 concern. The trustees makethls assessmeTrt in respect ofa pÈrftsd of¢Th )tarfrom the de ofapprowdl ofthe finandal ststemwbts. Jements The charty has no judgements that are slgnificant enow to require disclosur& The tharlty does not ha¥e any estirnates ihat are subkrt to esthn*lon uncertaintythat requtre dlsclosurÈ. Pa8e 19
The Multlple Sclerosls Therapy Centre (NW) Llmlted Notss to the Flnancial Ststements for the Year Ended 31 December 2024 Income and endowments All bncome Is recogn15 once the charlty has entttlemènt to the IncornÈ. It 55 probable that the Income wlll be recebved and ihe amount of the Incom¢ rKelvabl8 can be measured rellabty. Donatlons are co¥nIsed when the charfty h•5 been notlfied In wrllln8 of both the amount and settlement date. In the event that a donatlon Is sublett to condltlons thJt requlre a levél of performance by the ch•rlty before the ch)rlty Is entltlèd to the funds, the Income Is deferred and not reco8nlsed untll elther those condStlons are fvlly met, or the lulfllment of those ondltlons Is wholly wlthln the control of the charfty and It Is probable tt these condltlon5 wlll be fulfilled In the rèportln8 perlod. Legacy 8lfts are re¢o8nlsed on a use by case basls followln8 thè grant of probate when the admlnlstrator/executor for the estate hjs ¢ommunlc•ted In wrltlng both the amount and settlement date. In th* event that the glft Is In the forni of an assèt other th•n cash or a flnanclal aet traded on a reco8nlsed stock ex¢h•nBe. reco8nltlon Is subject to the value of the 81ft beln8 rallably measurnble wlth a degree of reasonable accuraty 4nd the tltle to the wsset havln8 been transferred to the charlty. 6rontsr¢celvub Grnnts are Trco8nlsed when the ch4rtty has •n entltlemernt to the funds and any condltlons Ilnked to ihe grnnts have been m•t. Where perfomiance ¢gndltlon$ Jre attached to the 8rant and are yet to be met, the Incom¢ 15 reM8nlsed as a Il•blllty and Included on the balance sheet as deferred Income to be relèased. Glft old Gfft ald In¢ome 1$ r•¢o8nlsed when r•c•lpt 1$ prob•bl• Jnd the amount can be relllbly me•$ured, Other trodlng Ortlvltlfs Income Is ralsed from varlous fundralsln8 artlvltles Ind Is recoBnlsed on re¢•lpt. Investmènt Inrne Is r•co8nlsed on • recely•bl• basls. Expendltu All expendlture Is re¢o8nlsed once there Is a le8al or con5trurtlve obM8atlon to thai exndItre, Et Is probable settlernent 1$ requlred and the amount can be meo$ured rellably. Ail costs ère allocated to the appllcable expenditure headln8 that a88re8ate slmllar coms to that cate80ry. Where costs cannot be dlrectly attrlbuted to partlcular headln8S they have been allocated on a bas15 consistent wlth the use of resources. wlth Central rtaff costs allouted on the basis of tlme spent, and depreclatlon char8es allo¢ated on the portlon of ihe asmtrs use. Other wpport ¢Q$ts are allocated based on the spread of stiff costs. All soUrCeS expended are Incluslve of Irrecoverable VAT. These are costs Incurred In attractln8 voluntary income. the mJna8ement of Inve$tments and those Incurred In tradln8 artlvltle$ that ralse funds. Pa8e 20
The Multiple Sclerosls Therapy Centre (NW) Limited Notes to the Flnandal Ststements for the Year Ended 31 December 2024 Charltable expendlture comwlses tknse costs Incurred by the charlty In the delfvery of Its actlvltle5 and seThlces for Its beneficiarles. It Includes both costs that can be allocated direcity io such aCtivitS and tIse costs of an rtUre necessaryto support them. GoYem4nce costs These InCIle the wsts attrfbutsble to the d0rty5 fomplbn¢ewlth constttudwl and statirtory reqwlrements. includln8 audlL strate8lc management and trustee's Meen85 arrtl reirnbursed expefts. Government 8rants are re¢wlsed based on the a¢uual model and are measured at the fatr Val of the asset recelved or recelvable. Grants are classlfied a5 relatin8 either to revenue or to assd& Grants relatin8 to revenue are re¢o8nlsed In Income over the period in which the related costs are rewisd. Grants rektUl8 to assets are recognised the experted useful Ilfe of asset. whe part of a gr•nt relatln8to •n assetls deferred. bt is reco8nlsed as deferred Income. IrrecwerableVAT Irrecoverdble VAT15 Charg agaknstthe otwi of resr w(pended forwhkh It was Incurr. Taxallon The charlty Is consldered to pass the te#5 set out In Paragraph I Sthedule 6 of the FtnarKe P£1 2010 and therefore it meets the definitton of a charitable company for UK COTporatlon tsx purposes. Accordhth. the tharlty ts potentlly exempt from taxatlo In respect of Income or capitsl 8alns recelved wlthln categorfe5 Cobtred bychapter 3 Part 11 of the Corporntton Tax £t 2010 or Section 256 of the TaxatEon of Char8eab Gats Art 1991 to ihe tefit s¥db Income or 8alns are applted exclu51vely to charltable purposes. Tan8lble flxed assets Indivldual fixed assets cost]n8 £LIXX)AIO or more a Ifflttèlty recorded at cost. Depredatlon and amwlballgn Deprwiatlon is provlded on tsn8lble fixed assets so as to wrfte ¢)ff the cost orYdIt10n, less any estlm4ted re51dual value. over thelr experted useful economic Ilfe as ftllow&" Asset dass Freehold Property Leasehold alterat11$ Hyperbark chambers FSxtures and Ilttings Therapy arml Physio equlpment Office equIpmt 2% stralght Ilne basls O¥erthe perfod of the lease IOX straw Ilne bas15 21YA stral8ht Ilne 20% stral8ht Ilne basls 33.3% #ral8ht Ilne basts o¢k Stock is v7lued at the lower of cost aThl estlmated seUln8 prlce le55 costs to compkne Sell. after due rerdrd for obsolete and slow rnovin8 5tock5. Cost 5s determlned u4n8 the first-ln. firstUt IFJFOI. Pa8e 21
The Multiple Sclerosls Ther4PY Centre INW) Llmlted Notes to the Flnanclal Statements for the Year Ended 31 December 2024 Tr4de delbto Trade debtor5 are amounts due from customers fo¢ rnerthndSse sold or sep4kes perforn)ed in the orrfinary u>urse of buslnos. Trade debtors art recwised Initialty at the tranctIOn are Subseq measured at amortlsed cost usin8 the effective Interest method. kss probryslon for impaIent. A provision for the Impalrnnt of trade debtors Is eMabll$hed when there is Oblecte eence that the charity wim not be able to collect all amout)ts due a¢¢ordin8 to the orwnal terms of the receivables. Cash and cash equivalents comprlse cash on hand and cal deposits. and other Srt-teM¥ hi8hly Iw4u5d Investrnents that are readify convertlble to a known amount of cash and are subject to an InslgnlfKant fisk of change In value. Trade uedl¢ovs Trade crethors a obli8ations to pay for goods or ser4kn that hm bew xquired in the ordlnary course of business from suppfiers. Accounts Payab are cla551fEed as current liabifrties rf the thartty doe5 not have an uondItIOnal ri8ht. at the end of the reportlng perlod. to defer sddement of the uerfrtor for at leart months after the reporrin8 date. If there is an unwndltlonal r]ght to defer settlement for * kast tWee months after the reportln8 date. they are presented as non-current Trade uedltors are re¢o8nised Inlllatty at the transathon pi7ce and subsequently measured at amorttsed cost U5in8 the effectv lfftter method. Bottowln Interest-bearin8 1)offowlngs are initialFrf retorded at falr Value. net of transac¢kni costk Interest&arin8 borrowlngs arè subsequÈntty carried at amortlsed cosL with the diffwence between the proceeds, net of 4artI0n costs. and the 8mount due on redemptjon beln8 recwised as a char8e to the 5tstement of Financial ActMt5es over perd of the relevant borrowin& Interest expense 15 recognlsed on the basis of the effe¢th knterest method and Is Induded tn interest payable and slmdar charBes. Borrowln85 are classiffied as current hawrties unless the dwr5ty has an wftcondlthnal ritht to defer settlement of the llabillty for at least twelve months afterthe reportin8 date. Unrestricted income funds are fvnds that a avallable for use at the trvsiee's discretion in furtherance of the oblectNes of the charJty. Restricted Income funds are those donated for use In • partKular aTea or for speofic purposes. the use of whth Is restr]cted to that area or purpose. Pd8e 22
The Multiple Sderosls Therapy Centre (NW) Limited Notss to the Financial Statements for the Year Ended 31 December 2024 Penon$4d post redr•nffit oblloadms The charlty operates a defined contrilyjtlon pet)slon sdrne thkh is a pension plan under 7AthIth fixed contr11tIOnS are pa5d Into a penslon fund and the charlty has no le8al orconstructfve obllWlon to pay further contrlbutior¢ even If the fund does fKJt hold Sufficient assets to pay all ernplviees the benefits relatingto emp seThKe in the current and prtor pertod> Contributions to defined contrllxrtlon plans are recOlSed In the Ststement of Financial Activit$ when they are due. If contributi¢>n ptyments exceed the contrdxrtion forser¥ice. the excess retOBnised as a prepaymernt. Flnandal Instrum•)ts Finondal assets and finarla1 liabilitles are recogntsed when the tharfty becomes a party to the contrartual provlsions of the Instrument. Financial Ilabilities and equity tnstrwmnts are classified accorfin8 to the substance of the contractual arran8ements entered Into. An equlty Instrwnernt ts any contract that thdences a resl¢lMI Intwest in the assas ol the tharlty after deductln8 all of Its liablllties. All finandal ass$ and habllitles are inltlally meared at transartbn prke lindvdin8 transartion costs). except for those financlal assets classified a5 at fair value thrtyJ8h profft or1055. whrch are Initially measured at fair rdlue {whlch norrnalty the transartion prfce exdudln8 tranrtIon costs). unless the arran8ement nstIte5 a finandn8 transactlon. If an arran8ement constltutes a ftnan¢ln8 tranSXtl. Ihe fman¢kJ asset or Ilroncial Ihblllty ts measwed at the present value of the fvtvre payments distounted at a market rate of thterest ft>ra similar debt instrnrr Flnancial assets and Ilablllties are onty offset In Ihe statement of finandal posttlon when. and onty when there exists a le8ally enforcealAe rfght to set off the re81$ed amounts and the thirity intends elttrto settk on a net ba orto reallse the asset and settle the Ilabilty slmultarwusly. Flnanoal assets are dereco8nlsed wlwi and On when al the contractual rfBhts to the cash Ilows fmm the finandal asset explre Qr are settled. bl the Charity transfers to another party substantially all of the risk5 and rewards of ownershlp of the financlal asset. or el the charity. deswte hwng retalned Me. but not alL SIfint risks and wewards of owner4p• has transferred Control ofthe asset to anottr pty. FEnanclal15abllltles are derecognlsed ontywhen the obllgatlDTh speclfied In the contrnct Is dIscha. cancelled orexpires. Pa8e 23
The Multlple Sclerosis Therapy Centre (NW) Llmlted Notss to the financial Ststements tor the Year Ended 31 December 2024 3 Inrome frorn donakn and le8•des Totsl 2024 Total Genwal nds Donaiions and lerd¢ie4 Oonations from cornpanie% Irusts and slmilar proceeds Donations from iTh*Niduals Glft aid reclalrned 124613 126.613 67.485 31756 116.500 55.928 24.004 31756 Grants, includin8 capital uants: Grnnts from oiher charftles Donatlons from MmUnity 8roups 12L722 24,015 145.737 17L722 24,015 422.591 128.225 392,120 716.777 276.854 4 Income from othtrtradlnl actfvltles Total 2023 Genefal fvnd5 Local fundraising and street collert1 tr 28,765 28.765 28.765 2&765 42.200 42.2 Total 2023 Gefternl 2024 Other investment income 2.131 2325 6 Othw Income Total General 2024 Lottery Income 985 Pa8e 24
The Muftiple Sclerosls Thernpy Centre (NW) Llmlted Notes to the Flnandal Statements for the Year Ended 31 December 2024 7 Expenoltsre on rntslni funth Cots of tradlnB •ctl¥ltloJ Unie%trf¢tsd Totsl 2024 Total Z023 G•nw•l Fundrnlsln8 tradln8 costs: Fundr4151n8 Other dlrect costs of acth•ttles for SentIr¥ fvnds 13,244 13.244 21.768 35.012 20,273 3S.012 54.779 8 Ewidltur• on dwrfl•ble •dMtI Tot•1 T•MI Genernl Dlrect costs of therapytfeatment Ther• ¢entrq t% S•lary colls Rents, rates. utllty costs Repalrs and equlpmefti Insurances Motor and tr•¥el costs Adffjlnlstr¥tlon expen515 ProfessEonal Fets- Manayment Char ConsultatKY foes 8ank tharges Interest ¢har8es Oewedatk)n G¢)vemance costs L626 L626 443 31.927 17,714 8.213 8.268 1,359 3,938 76.598 23.499 416 8,417 3.155 32,399 37.583 31,927 17.714 8.213 8,268 1.359 3.938 76.S98 23.499 416 20,020 55,615 4320 255,956 12,400 2.061 4.192 1.651 19.265 13.446 3,920 145,715 20.020 55.615 4.320 255.956 £255,95612023- £145,715) of •l)o¥e expendlture w•$ allrlbutable to tsnre$¢red funds and £NM12023 . ÉNd} to restrlcoed fvnds. Page 25
The Multiple klerosls Therapy Centre (NW) Limlted Notes to the financial Ststements for the Year Ended 31 December 2024 9 Analbsts of Kovemance and support Cl5 GOvernan¢05ts Unrnstrlrted tunds General 70ts1 2024 Total 2023 Independent examlner fees Examinatton of the financlal statemerts 4.320 4,320 4,320 4,320 3.920 3.920 10 14et 1rtom10Uty0lnI resources Net Incomln8 resources for the year Include: 2014 2023 Operatln8 leases- oiher assets Depreclatlon of flxed assets Independent examination 32.111 13.446 3.920 10.300 4.320 11 Trustees remuneratlon and expenses No trustees. nor any persons connecied with them, have reolved any remuneratlon from the charlty durln8 the year. No trustees have recebved any reimbursed e¥pen5es or any other belfits from the charity durin8 the year. DOtIons made by ihe trustees wlthout any condltlons attathed totalled £25.OOOfor theyear12023- £3.7801. Pa8e 26
The Multiple Sclerosls Therapy Centre (NW) Llmlted Notes to the Finanaal Statements for the Year Ended 31 December 20Z4 12 5tafl costs The a88regate payroll costs were as follows: 2023 st•ff eosts durfn8 theyear wer Wa8es and salarle5 Soclal Security Costs Penslon costs 52,131 63.932 1,154 1.564 1,818 53.695 66.904 The monthly avera8e number of persons Ilncludlng senlor management i leadershlp team) employed by the charlty durlng the year expressed as full time equlvalents was a5 follows: 2024 No 2023 No Management and Adminlstratlon Fundralslng 312023- 31 of the aljove employees partlclpated In the Defined Contributl¢)n Pen$lon Schemes Contrlbutlons to the employee pension schemes for the year totslled £L56412023- £IA181. No employee recefved emoluments of more ihan £60.000 durlng the year. 13 Independent examlner's remunerntlon 2023 Examlnatlon of the finandal Matements 4,320 3.920 14 Taxatlon The charlty Is a re8istered tharity and Is therefore exempt from tsxalion. Pa8e 27
The Multlple Sclerosls Therapy Centre (NW) Llmlted Notes to the Financlal Ststements for the Year Ended 31 December 2024 15 Tan8lbleftxod assets Furnlture •nd equlpment Computer equlpment Oth•r tsn$lbl• Ilx•d L•nd and bulldln8S Totsl Cost At l January 2024 Addltlons Dlsposals 1.417.070 122.294 48.858 420 10,909 105.655 L582.492 122,714 28,863 At 31 December 2024 1.510.SOI 49.278 10,909 105,655 1676 343 Dwe¢tsilon At l January 2024 Char8e for the year Ellmlnated on dlspoul$ 28,863 45,315 28.863 48,858 63 10,030 435 17,439 9,802 105,190 55.61S 28,863 At 31 December 2024 45.315 48.921 10.465 27.241 131,942 N•t bookvalue At 31 December 2024 1,465,186 357 78,414 l.S44,401 At 31 December 2023 1,388 207 879 88,216 1,477,302 Inclvded wlthln the net book vjlue of land and bulldln85 abov• Is £1.465.18612023 - £L388.207) In re5pert of freehold land •rrfl bvlldln8s and £NII12023- £NIII In respect of leaseholds. 16 Débtors 2024 2023 PpayMentS Accrued Income Other debtors 11,434 55 17.367 11.889 17.767 Page 28
The Multlple Sderosis Therapy Centre (NW) Llmlted Notes to the Flnandal Statements for the Year Ended 31 December 2024 17 Cash and cash aqul¥al• 21123 Cash at bank 96.036 106.411 11 Cre¢ltor&" amounts fall1 duew5th1n one > Bank loans Trade uedltors Other tsxatlon and sodal securlty A¢¢ruals 25.594 26.870 44.542 536 4.222 29.816 53,920 19 Creokn. aMOw f•llh¥ due after one y1 2024 2023 Bank loans Other loans 2S4,186 50,( 304.186 275.791 320.791 Included In the uedftors are thefolbwli8 amounts de ats more than ye4. 2024 2023 After more than five years by 4)stslments 133.574 150.476 20 Obll8atlons Under leasesafid hlre purth•5econtra Opernllni leaSebnItrneftts Total future mlntrnum lease payments urrfler n(AHancelkble operalln8 leases are as follows: 2024 2023 land and IlIdIn1S Wthln one year 3L006 Page 29
The Multlple Sclerosls Therapy Centre (NW) Llmlted Notes to the Flnancial Statements fi>r the Year Ended 31 December 2024 21 Funds Balance at I January2024 lfttornlnl resources Balance at al Oe¢ember 2024 expended Transfers Unrestrlrted funds Genernl Unre5trtrted Income fund 1,116,872 308.735 1290.9681 159.613 1,294,2S2 Restrlrtedfunds Physlo equlpmertt Seatln8 replacement Physlo Beds Stslrcase Adaptation Fundln8 Booth Charitles- Capltsl Grant The Edward GostlinB Foundatlon NatFonal Lottery Community Fund Bradbury Foundatknn Thejohn Apthorp CharSty Saddleworth Communky Hydro The Morrisons Foundatlon 4.529 {4,5291 {4.OCM)) 19001 13.519 10.000 113,5191 iio,0001 124.0151 1100.c#)01 24.015 loo.( 14,528 14,S28 2.350 7.194 2.350 Totsl restrlcted funds 37,948 145,737 159,613) 24.072 Totsl funds 1.154.820 454,472 290.968 1.318.324 The balance held as Unrericted ffijnds at 31 Oecember 2024 was £1,294.2S2. of whlch £1250.419} defidt vras re8arded as free reserves. after allowlng forfunds tled up In tang5ble ffixed assets. Pa8e 30
The Multlple sder0s Thernpy Centre INW) Llmited Notes to the Flnanclal Statements for the Year Ended 31 December 2024 Balan at31 Unrestrltted fimds Unrestrlrted Income fund Deslgnated New bulldln8 fund 5545 205.804 12Cn.495) 55&979 1.116.872 T*)tsl wrulrfcted fund5 554.584 214.804 {2CA)A95 547.979 L116.872 Restrf¢ted Physio equipment Seating replacemwt New Buildln8 Costs Physlo 8eds Stalrcase Adaptathn FurKhn8 Booth Charities- Capital Grant The Edward G05tlln8 Foundatiorj National Lottery Cornmunlty Fund Bradbury Foundation 4.529 4.S29 4378 (43781 9(Kl IL481) I25.&} 1392.1201 1125.(JxJI 13.S19 lo. 392,120 125.oc Totsl restrlrted funds 39,429 546.498 547.9791 37,948 Total funds 594.013 76L302 121x1.4951 Ll54.820 Page31
The Multiple Sclerosls Therapy Centre (NW) Llmlted Notes to the Flnancial Statements for the Year Ended 31 December 2024 The spetffjtc purposes forwhkh the funds are io be applied are as follows: Funds in the New Bulldlng Fund Jnd have been set aside to be used fty this PufFSe and includes funds received for the new buildingwithout restrfcttons. Funds in the Physio Equipment fund are used only to purchase phys50 equlpment. Funds In NAfverttslng and Promotion fund are used only for advertlsln8 and Pfomotlonal $t$. Funds In the Seatin8 Replacement fund are lo be used forthe wr¢hasè of replJ¢emeni seatin8onlv. Funds in the New 8uildln8Costs fund have been received to be uséd for any costs relatinu to the new bulldln& Funds in the PhysEo Bed$ fvnd are to be used for the purchaM of phys10 beds only. FuNl$ ITr ihe Stslrcase Adaptstlon fvnd have been retelved spedfically to adapl the stslr¢ase in the n¢w bulldln& Funds In the eooths Ch8rbtles Capltsl Grani fund have been recelved speclfi¢olly towards the decorniing costs of the 8round floor of the new bulldln& Funds In the Edward Gollling Foundatlon fund hwe been recelved speclflcally towards the Nft In the new bulldln& Funds In the National Lottery Communlty Fund have been re1ved for the R C North West Re8lon pro8ramme towards the refurblshment of the new buildin& Funds In the Bradbury Foundation fund have been received forthe Newcentre Redevelopment. Pa8e 32
The Multlple Sclerosls Therapy Centre {NW) Llmited Notes to the Financial Statements for the Year Ended 31 December 2024 22 Analysls of net assets between funds Totsl funds 31 December 2024 Unve5tr1cted funds General De518nated Restrlrted funds Tan8lble fixed a55ets Current assets 1.544,401 107.925 129.8161 1304,1861 1.544,401 107.925 129,816) 1304,186 Current Ilabllies Credttofsover l year Total net assets 1,318.324 1,318,324 Total tunds at 31 Decfflnber 2023 Unre5(ted funds General Ded8nated Re$tted funds Tan8tsle fixed assets Current assets Current nabllltle5 Credltors over l year 1,477.301 124.178 1125.8681 1320,7911 1.477.301 124.178 1125.8681 13x1,791 Total net assets I.,820 1.154.8XI 23 Anal1$ of net lunds Other non u$h than8 At 31 Decemb 2024 At l January Z024 Rnandnl cash Ilows Cash at bank and In hand Debt due wlthln one year Debt due after more than one year 106,411 126.8701 320.7921 110,3751 17.882 96.036 125,5941 304.186 116.6061 16,606 Netdebt 1241,2511 7,507 233.7441 Other non ¢ash changes At 310ewhber 202J At l Janu3ry2023 FInandco$h Ilows Cash * bank and In hand Debt due within one year Debt due after more than one year 49,880 116,1451 290.264 56,531 141.2531 106,411 126,8701 320.792 30.528 30.528 Net debt 1256.5291 15.278 1241.2511 Pa8e 33
The Multlple Sclerosis Therapy Centre {NW) Llmlted Notes to the Flnanclal Ststements for the Year Ended 31 December 2024 24 Aelated party transBcllon$ During the year the thality made the foll¢)win8 related partytransactlons: AUnts & Tax Advke Umlted IAC Gllbody. a tWStee.15 the dlrertorof the above firm.) Payroll ser41ce$ are prowded to the charltyon a no fee basi& At the balance Set date the amount due tolfrom Accounts & Tax Advice Limited was £Nil12023- £Nill. Uoyd eolam Insurance Brokers Lid IAC Gilbody, a trustee. is a dlrector and the secretary of the above firm.) The charlty u5e5 the atM>ve Insurance brokers to provlde thelr Insuran polkies under normal commercial ternis. The amount pald durlng the period was £8.26812023- £11.118}. At the balance sheet date the amount due tolfrorn Uoyd Bolam Insurance Brokers Ltd was £NII12023- £NIII. Trustees (trustees and a memkw of the Charityi Trustees and a member of the charity have provlded a lon8 temi loan to the charlty to elther be paid wiihin 5 years or converted to a charitable donation. At the balan sheet date the amount due to Trustees was £50.IIJO12023 - £45,000). Pa8e 34