MLD-UK ND ND WALE COMPANY IMIT DBY UARANTE AND NOT HAVING A SHARE CAPITAL REGISTERED CHARITY N 1112148 FINANCI TATEMENTS FOR THE YEAR ENDED 28TH FEBRUARY 2025 KING LOOSE & C INDEPENDENT EXAMINERS ST JOHN'S HOUSE 5 SOUTH PARADE SUMMERTOWN XFORD OX2 7 AEFUOXHM 2211112025 COMPANIES HOUSE A13
102
FINANCIAL STATEMENTS FOR"THE'YEAR ENDED 28TH FEBRUARY 2025 coNrENTS Pa Company Infonnation Dir¢ctors' and Trustees, Report Statement of Trusiees, Responsibilities Independent Examiners, Report Statement of Fin8n¢ial Activities Balance Sheet Notes to the Financial Statemcnls
ML[ FIN NCIAL STATEMENTS OR HE AR DE 28TH FEBR 202S , COMPANY INFORMATION Dlreetors and Trustees Carol Ellis (Chair) Heather Julicn (Tr¢ure1) Rachel Gray (resigned 8th July 2025) Sue Wells Dianne Wiles aD Secret Diane Wiles 3018132 hari Num 1112148 istered Office St John's House 5 South Parade Summertown Oxford OX2 7JL an Lloyds Bank plc PO BOX 1000 Andover BXI ILT Inde endent Examiner Mrs Heather C. Fanthome FCA Kin8 Loose & Co St John's House 5 South Parade Summertown Oxford OX2 7JL
mLUK DIRECTORS, AND TRUSTEES, REPORT FOR THE YEAR ENDED 28TH FEBRUARY 2025 The trustees present their annual report and financial statements of ihe charity for the year ended 28th February 2025. The financial statements have been prepared in accordance wilh the accountit)g policies set out in note I to the accounts and comply with the charity's memorandum and articles of association. the Companies A¢t 2006, the Charities Act 201 l. and Accounting and Reporting by Charities.. Statement of Recommended Pracli¢¢ applicable to charities preparing their accounts in accordance with the Financial Reporting Stsndard applicable in the UK and Republic of Ireland Charities SORP (FRS 102). and the Financial Reporting Stsndard applicable in the UK and Republic of Ireland (FRS 102). tructure overnAnce and mAnft emen MLD-UK was incorporated on 3rd February 1995 as an incorporated ¢harity limited by guarantee and is 8overned by a memornndum and arti¢les of 8ssocia¢ion. ect nlsAtion And activitl s includin ublic benefit stt ment The aims and objeclives of Lymfund - the charity arni of MLD-UK - as sct out in ihc M¢morandum of Association are:_ To promote and protect health by advancing the public's educalion, in particulAr th¢ education of Iherapists and health professionals, in m&nual lymphaiie drainage (MLD) and to assist in the cost of Ireatmenl for ihose persons in necessilous circumstances who are unable to afford the treatment. In considering these aims and objects, the trustees have reviewed the guidance issued by the Charity Commission in relation to public benefit, and consider that the public benefit lesl Continues lo be satisfied. Refertnte and dmlnlstrativt detail$ All direclors of ihe company are also trustees of the charity, and there are no other trustees. All of the trustees named on page 1 served during the period. or as otherwise noted. All other adminislwalive deiails are as listed on paBe l. All truslee5 participate in th¢ management ofihe charity. Trtsstees olntment and trainin Trustees are appointed at the annual generdl meeting, usually held in lat¢ spring. Nominations are put forward prior to the meeting, when the individual h&$ confirmed their willin8ness to serve, and then fomially proposed, seconded and voted upon at the meeting itself. Induction of new Irustees is informal, mainly covered by word of mouth. and Attendance at meetings where policy decisions are taken, and matters of concem discussed. There is no slf1¢ training policy for new Irust¢es/directors. rant m¥kin olic Grants will be given lo benefit anyone of any age, sex, race or religion. resident anywhere in the UK as long as the application process has been completed Correctly.
[UK DIRECTORS, AND TRUSTEKS, REPOR FOR THE'YEAR ENDED 28TH FEBRUARY 202 Revitw of achievements orrnAn Supportin8 therapists and healihcare professionals is the key element of th¢ charity's educational strategy - enhancing clinical, care and research expertise. The charity. through its awareness campaigns and conferenc¢s. is boming increasingly successful in this activity. The trustces are satisfied that the achievements and perfomiance of ihe charity demonstrdte goc#J pro8ress. Futur¢ The charity hopes to build upon the eduGational and grant giving progress. and to continue to enhance and improve ils services in accordance witli the objects given on page 2, Tan Ible fixed assets for use b the chari Deiails of movements in fixed assets are set out in the note5 to the a¢counts' none of the Sets are believed io be valued ai a maierially different surn from ihat reflected in the accounts. Flnances reserves olle The reserves policy is lo maintain sufficient resources to cover 12 months of expendilure. The lottyl expenditure for the period was £14.598 but prior 10 COVID ran at around £50,000 per annum and reserves would therefore need ¢0 bc approximately £50.000. Reserves ai the year-end were £88,902. Inve tm Investments are held in short io medium tenn bank deposil accounts in order io wovide flexibility and ease of access. The highest available rale of interest is actively pursued, but this is dependent upon the capilal sum available to be invested and ¢he overriding requirement of accessibility. The investment objeeiive is to maintain the purchasing power of the monies until they ar¢ required to satisfy the grant making pr¢xess. Rlsk mana ement The trustees have examined the major strategic, busincss and operational risks which the charity fa¢es or may face, and confirni that Systems are in place to enable regular r¢poTts to be produced, so that the ne¢e5sary Steps can be taken to lessen any such risks. The principal risks faced by the charity lie in the continuity of members deriving benefit from membership and their willingness to pay the annual membership fees. the continued ability of the trustees io bring in and trafftn new trustees to continue the ¢hariiable and adrriinistralive work of the harity and the continued financial success of the charity's conference5. 2b. MLVK
lThd nt XRM Mrs He#thLY C. Fanthome fcA of Kin8 I.OsC & Co h&$ HBrcal lo atTtr hLwir ror rethapFKJintsnenl as the Indepd¢n1 Ex8rnincr io thc charily This report has prtpoyed in ottordwKc with ihc Sm&ll Comp0ni&s' reB4mc of the Companies A 2000. lThis Kport wus tspproved ty thL bDurd ol'dift%'lors and on ... signed on ils bchalf by. .21r25. •nd er Jullèn
Ll PONSLBtL lThe InLslecs r(4uired by18w Iq) pIcpa'financlMl I1¢m¢ fnr coch financiol Y which 8ivc a tfuc and fair view of thL sIAtLi of of the ch•rily• •nd of ils Kqults for In prepArin8 those fila1 slalcmeni4 thc truslcLg bre r4uircd 10: Sclect 5uiluble KCol¢18 polici Hnd ilifyn Hpply Ihcm cunsislcilY. Observ¢ Ili¢ mdliodj wid principlas in th¢ applIbI¢ ajorit1 SORP; Make judg(ynenis 4nd ¢s(iinwies that v¢ rA8on4blc and prt¢n1' Stsre whether gpplicablc èGwuiitin8 Stwthds hve bn followtd, Stsbjt to wry matui thp¥ttYes disclosed and explain¢d in the fin¢1&] ststunents. Prepgft the finao¢iAI statements on the 80ing concern b1$ Unl it is inappropriate to praume thAt the charitable company WAII colltin in bwirKs The It$ pIe re4JOD5ibk for keepin8 proper •ccounlin8 ttcords which disclose with reasonable acc2cY at any lime the fiwciAI position of the ¢harity, and io ¢n4bk them to eThsure that the fM)8n¢ial ststanents comply with the Companies Act 2006, th¢ a)Drities Act 20114nd the applicoble Cbarilies SORP. They ore also responsible for safegwdin8 the awts of the ¢blty and hence for takiDB reA50n•ble steps for the prevention And dettttion of fraud ¥nd othcr ine8ul8rities. The trustees are ffsp)nslble fr*r the mointen•n¢¢ And intwity of the Charity And financial r&ormation iticludeAI oo the charity's website in aCrdAnce with Icgislatioo in thc Uniied Kingdom governiD8 the preFwation and disscminatioll of financial slAtements. By onler ofthe board nf dlre¢tOY¥ aDd trnyte He8iherJuHeD
MLINUK IND END ER, EP FOR TH YEA ENDED 28TH F BRUARY 2 I report on the accounts of the charity for ihe year ended 28, February 2025, which are set out on pages5toll. Resp¢¢tive r¢sponsibilltipA of trustee5 and the ex2miDer The trustees (who are also the directors of the company for the purposes of company law) are responsible for the preparation of the a¢counts. The charity's trustees consider th8t an audit is not required for this year under section 144(2) of the Charities Aci 2011 (the 2011 Act) and Ihal an independent examination is needed. Having satisfied myself that th¢ charity is not subje¢t to audit under Part 16 of the Companies Act 2006 and is ¢li8iblc for independent examination, il 15 my responsibility to.. examine the accounts under section 145 of the 2011 Act. to follow the pro¢edure5 laid down in the General Directions given by the Charity Commission under seciion 145(5)(b) of the 201 l Act.. And to statc whether particular matlers have ¢ome to my atlention. Bagij of Independent Examiners report My examination was carried out in accordance with the General Directions given by the Charily Conimission. An examination includes a review of the accounting records kept by the charity and 14 comparison of the a¢counlS prcsenled with those records. It also includes consideraiion of any unusual items or disclosures in the accounts and seeking explanations from you 05 trustees conceming any suGh matter$. The procedures underfaken do not provide all the evidence that would bc required in an audit. and consequently, no opinion is given as (o whether the accounts present a "true and fair view" and the report is limited to those matiers sei out in the statement below. Independent Examiner'$ statement In connection with my examination, no matter has comc to my att¢niion: which gives me reasonable Cause to believe that in any material respect the requirements a) to keep accounting records in accordance with section 386 of thc Companies Act 2006, and b) to prepare accounts which accord wi(h the a¢counting records, comply with the a¢couniin8 requiremenis of the Companie5 Act 2006 and with th¢ methods and principles of the Siatcm¢nt of Recommended Proctice. Accounting and Reporting by Charities, have not been . met. or 2. to which, in our opinion, attention should be drawn in order to enable a proper understanding of the accounts to be reached. Date.. 13a knL( Naine.. (Heather C. Fanthome FCA) Firm.. 'King L005e and Co. 5 South Parade Summertown Oxford OX2 7JL
ML[uK STATEMENT OF FINANCIAL ACTIVITtES FOR THE YEAR ENDED 28TH FEBRUARY 2025 SUMMARY INCOME AND EXPENDITURE ACCOUNT Unrestricted Funds 2025 Total Unrestrieted Funds Funds 2024 TotAI Funds 2024 025 Nole Income & Endowm Membership Fees Study Day Income Conf¢ren¢e In¢ome 21,204 21.204 20.841 20,841 4.215 4,215 Donations 5,000 482 5,000 482 Fundraising Activities etc Investment Income 230 230 1,012 100 1.012 761 761 Compensation R¢rxived Total In¢omt & Endowments 27,798 27,798 26,047 26,047 endit reo Raising Funds Study Day Costs Charitable Activities 216 216 162 162 5,503 5,503 14.382 14.382 5,914 5,914 TotAI Expenditure 14,598 14,598 11.579 11,579 Ner Income/(Expenditurc) for ihe Period. being Net Movement in Funds 13,200 13.200 14,468 14,468 Fund B4lan¢¢s Brought Forward 75,702 75.702 61,234 61,234 Fund Balance5 Carried Forward 88,902 88.902 75,702 75,702 There were no other recognised gains or losse5 in respect of 2025 or 2024, other than those reflected in the staiement of finvlncial activities. The notes onpages 7 to I Iform part ofthese accounts.
Si(Kk 52 52 1,920 Cash at BOJ 89.697 75,176 91,669 77.148 Creditorn: Amounts fallin8 due in one year 2,767 1.446 Net Current Assets 88,902 75.7(Y2 Totsl Asqets CurreD¢ Llabllltlls 88,902 75,7Lf2 UwtricteAI Funds 88,902 75,71r2 For th¢ Y ended 28TH Februwy 2025 the company was eniidcd to cxemption froTn the Tequiytrnent to bAve an audlt under section 477 of the Companies Act 2006 iel&in8 lo small companics. No TDembeT5 have r¢quired thc company to obtaiti audit of its ac¢ounts for the year in quastion in accordance with section 476 of the Companies Act 2006. The directors knowledge their responsibility for LX)mplyin8 with the requirements of the Act with reSpt lo a¢eountin8 reeords And for the prcparntion of accots. These O¢C4)unts have been prepued in accordmee wlth ihc PVIsIOnS Applicable to C4)mpanies subject to thc small companies r¢8ime. Approved by tbe knrd of dlmtorg and (ruite on . on Its b¢b*lf by: . 202& and Signed Hea¢h¢r Jullen Tr¢4SUTer 7lie onpoges 7 10 ljformpart oltlwse accounts.
mLluK NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 28TH FEBRUARY 2025 unti (4) Genergl information These financial statements have been presented in Pounds Sterling as this is the currency of the primary economic environment in which the charitsble coinpany operates. (b) B8$is of prep4r*lion The accoiints (financial ststernents) have been prepared under the historical Cost convention with items recognised at cost or Iran5aclion value unl¢ss oiherwise stated in the relevant notes(s) to these accounts. The financial statements have been prepared in accordanGe with the Ststemenl of Recommended Practi¢e: A¢¢ountiDg and Reporting by Charitics preparing their a¢counts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland - Charities SORP (FRS 102). and tlie Financial Reportin8 Siandard applicable in the UK and Republic of Ireland (FRS 102); th¢ Charities Act 2011 and the Companie5 Act 2006. The charity conslitules a public benefit entity as defincd by FRS 102. The Gharity has taken advanrage of the exemwion lo prepare a Cash flow staiem¢nt, as contained in Fiiiancial Reporfin8 Standard I, on the grounds that it is a Small charity, (¢) Actlvities The financial ststeinenis include the results of the charity'5 operdtion5 as described in tlie Directors, and Truslees. Report. (d) .Income recognitlon Income of all kinds is accounted for when r¢ceivable, i.e. in Ihe period in which the charity is entitled to receipt. it is probable that the income will be received and the ainount of incom¢ re¢eivabl¢ can be measured reliably. No p¢mianent endowm¢nts have been received in the period. (e) Expenditure recognltion Liabilities are recognised #s expenditure as soon as there is a le8al or constructive obligation commirting the charity to that expenditure. it is probable that settl¢ment will b¢ required and the aniount of the obligation can be reliably measured. Expendilure is included on an accruals basis and has been classified und¢r headings that aggregate all costs related to the ¢ate80ry. All ¢ore cost categories are r¢8Jrded as being of a support nature to the charity's principal activity. as described in the Directors. and Trustees, Report. It is anticipated that any future SrIfIC projects will be cov¢Yed by r¢stricled funds - i.e. funds raised specifically for that project.
ML[uK NOT TOT EFIN NCIA STA EME R TH YEA NDED 28TH FEBRUARY 202 Accountln ol'cle$ co (o Cronts pay*ble (in¢luding tr¢Atment tosts) Gran15 payable are payments made to third parties in the furtherance of the charity's objects. In the case of unconditional grant offers, these are accrued once the recipient has been notified of the aword.. Conditional grants are only accrued when the conditions have been fulfilled and the recipienl nolified. No multi-year grants are made, but applicants may #pply more than OTh. (g) Vglut added tfix Value added t is not recoverable by the Charity, and as such is included in the r¢levant costs in the statement of financial activities. (h) Operatlng leases The c05¢s of opcra¢ing leases. wh¢re the risks and responsibilities of ownership remain with the l¢ssor, are charged to the 51alem¢nt of financial tivitIeS as incurred. (i) Tanglble 4vJ¢t$ and d¢precl•ilon Tangible assets are initially re¢ognised al Cost which is the purchase price plus any directly attributable costs. Subsequenily langible 4ss¢ts are measured al Gosl less accumulated depre¢ialion and impairmenl losses. ti) FinAncial Assets- classified As basic finaneial instruments i) Cash and cash equivalents Cash and cash equivalents in¢lude cash in hand. deposits held with banks, and other short tenn highly liquid inve51ments with original maturities of three monihs or less. ii) Trade and other re¢eivabl¢s Trade and other receivables ihat are receivable within one year are measured al th¢ undiscounted ¥mount of the cash expccted lo be rK¢ived, net of any impairment. iii)Trade and other payables Trade and other payables that are payable within on¢ year ore measured at the undiscounled amount ot'the cash tpetI¢d iu b¢ paid. (k) Fund aceountlDg Unresiricted funds comprise th0 funds which the trustees are free to use in accordance with the objects of the charity. as defined in the constitution. All of the charity's assets are ¢urrently represented by unr¢slricted funds. (i) Volunteers The value of services provided by volunteers is not incorporated into these finan¢ial statements.
MLD-UK TE TOTH FJNA IAL TATEMENT R THE YEAR ENDED 28TH FEBRUARY 2 Aceountin olicies cont'd (m) Donated strvic¢8. Where services are provided lo the charity as a donalion that normally would be purchased from suppliers. this conlribution is included in ihe financial statements at an estimaie based on the value of the contribution to the charity. (n) Golng ¢onc¢rn The financial statements have been prepared on a going concern basis. The current economic conditions present increased risks for all businesses. In respons¢ io such condiiions, the direCtor(rUste¢S have carefully considered thcs¢" risk5, including an a55es$m¢nl of Uncertainty on fviure trading projection for a period of al least .12 months froin the dale of signing the financial Sial¢ments. and the extent io which Ih¢y might affect the preparation of ihe financial slalements. The dIrectortrUSte¢S have Concluded that the goit)8 concern basis remains appropriate, Charitable activities nrestrieted Tot#1 Funds 202S Tota FMnd$ 2024 2025 Provision of Facilities Rent Payable Support and Education Costs AGM, Committee Meeiings and Conferences Fees, Salaries and Office Cover Employer Pension Contribution8 Stationery and Postage Computer C051S Sundry Expenses Trealment Costs Advertising and Marketin8 Costs Independeni Examination costs Bank and PayPal Charges Bad Debt provision Telephone 4,890 4,890 3,000 13 3.000 13 4.500 13 5,170 1,308 5,170 1,308 1,386 14,382 14,382 5,914 Total funds 2024 relate wholly to unrestricted funds
io. mLUK NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 28TH FEBRUARY 202S aff c05 2025 2024 The average number of pem)anent personnel employed during the year was.. Clericwl The aggregate payroll costs of ihese employees were as follows.. Salaries Employer Pension Contributions No employee received emolumenls above £60,oIXI during the year. dl clos res 2025 24 Trusteesldirectors remuneration Operating lease payments- Premises rent Nil Nil Debtors 2025 2024 Trode Debtors PrcpAyments ,920 1,920 1,920 ,920 Creditors: gmounts fxllin due in one ear 2025 24 PAYE Creditor Accrued Expens¢$ Deferred Income 2,767 ,446 2,767
LI NO STOTHEF IA TATEMENTS R THE YEAR ENDED 28TH FEBR ARY 2025 h*rtta MLD.UK is limited by guarp4nt¢e and does not have a share capital. Unrestricted (unds All of the charity's net assets GuentLY represented by unrestri¢t¢d funds. This was also the situation for ihe 2024 year. Trustees, remuneratlon And ex enses None of the trustees receive remuneration from the Charity. No trustce reccives expenses from the charity alihough occasional, low valuc, cost reimbursements arc made.