MULTIPLE SCLEROSIS TRIALS COLLABORATION
FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2024
Registsred Charity No. 1113598
Coop•r P¥ry Advhory Umlted
AJssela
46 High Slreet
Esher
Surr
Kf10

PAULTIPLE SCLEROSIS TIOALS COLLA80RATION
FINANCIAL STATEMEtrifs FOR THE YEAR ENDED 31 PAARCH 2024
coKrEMrs
PAGE
Legal and adnvaiistrth dth
Report dthe TnJste85
Balancé $t*et

MULTIPLE SCLEROSIS TRIALS COLLABORATION
LEGAL AND ADMINISTRATIVE DEfAILS
Tru8to••
Jerwny Chatsway - Charman
Omar Malik
Richard Nith)las
Addre
10L18 Labornw Block
Charng Cross Campus
IM￿1181 col￿ge Londc
Fulham Palac8 Road
H8￿￿e￿milh
London
v￿ 8RF
Charlty Nthnbar
1113598
Accountants and
Independent EX￿IDer4
Cooper Parry hA￿1￿Y Lknited
New Derwerrt House
69-73 Theobalds Road
L18TA

MULTIPLE SCLEROSIS TRIALS COLLABORATION
REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31 MARCH 2024
The Trustees present their annual report and the fmancial staiements for the year erthd 31 March 2024.
St•tus
Muttiple Sderosis Trials CollaboratK)n eSt￿Ashed a corrstihrtion dated 13 Januwy 21Th and is registered as a tharity in
England andWa*s.
Managemwit
The charity is nwnaged by ils trustees. A full list of trustees servng during Ihe is gi￿ on page 1.
Rlsk Man•gem8nt
The truslees examlne the maicff risks whlch the (tsrity fac85 and seek to CAYrtrol thesè risks to mitigate any impact that they may have
on Ihe dwrty.
Ob
nd Acllvltles
The oty'e(*ves of the are:
To 8SSBt in the treatment and care of persons suffering frc#m Muftiple Sclerosis IMS) in the West Lnndon area.
To adyance the education of the general publ￿ in all areas relating to MS.
To p[D￿de patients with MS. who are suitable ts cu￿ent therapies. access to pharmKeulical-spon50red dinical trials.
Furthermore to use incorne general￿ ty urxjertaking phanr￿eut1Cal dinical trials to devise and administer research4ed
dinical trials thereby FKoviding 9￿ater ac£ess to ￿t￿lia1 treatrr*nts to more MS patients.
Durlng the yew the charity has colleded fijnds in ￿der to make ￿artS to organisation5 to further these tharitable obiedr4es.
Flnanclal Revlthv
The charilys net in(x)n* forthe Y￿ ended 31 2(Y22 was £51,4(MJ {2022 ￿ ¥¥x￿￿'. £31,631). Totsl fvnds at 31 March 2023
amounted to £264.786 (2022: £213.446). AJI resour￿ experKled durin9 the year *tre applied in aC£Ordan￿ with the obj'ectives ofthe
charty.
Po
The charity has very fthv f￿ed overheads arKI requres lirnled reserves. Its ojrrent pofry is to hold un￿str￿￿ed. Undes￿nated reserves
sufficient to cover three months Operat￿al eXpe￿litt￿e. The reswves th1ou￿QuI the Ye￿ and al the year end have been li line vrith
this ￿￿cy.
The trustees *e responsible wepanng the Trustees. Arn￿1 Report and the finani?al staten*nts in acc(￿darKe Viith aWicabie law
atKI Unitgj lfjngd(ffi ACCI￿nting Standards (Untted Krybm General￿ Ac£epted kcounting Practice).
The law applThbk to charities in England & Wales requyes the trustees to p￿pare finartial Statements for each financial year vthich
gtve a true and fair vi￿4 of the state of affaws of the tharty a￿1 ofthe incorning resources and appliCa￿n of resources of the charity for
that period. In weparing these financlal stalwTEnts. the ljvslees we requyed to:
setect suitablè aco)unting polides and then appty thwn (x)nsFtertty:
obseNe the methcxls and prindples in the Charities SORP;
make jud9ements and estimates that are reasonable and w￿nI.
state whether applicable ￿lunting St￿da￿S have been folkmed. suty'eLI to any Ma￿la1 departures disclosed and
explained in the financial staterrents:
prepare the financial statsrnwts on the going basis ￿lesS It is Inapprowote to presuff£ that the tharity w￿1 continue
Sn operatlon.
The trustees are responsible for keeplng prO￿r accwntfng recxirds that disck)5e *ryth reasonable acojracy at any time the financial
Isition crfthe thanty and enable them to ensure that Ihe financial staternerts compty the Charilbes Act 2011. the Charities
(Accounts and Rep(xts) Regulations 2(XJ8 and the wo¥isions of the trust deed. Try are also responsible for safeguarding the assets
of the charity and herm* taking reasonabSe steps for the weveMb)n and detedion of fraud and other vregularities.
This report was approved by order ofthe Board o
6(
ne 2025 aThJ its b&hall ty.
R Nl¢holas (fnMts•)

INDEPENDEKf EXAMINERS REPORT TO THE TRUSTEES OF MULnPLE SCLEROSIS TRIALS COLLABORATION
We report to the chanty lJustees on our ex3minatK)n of the a¢xounts of the tharlty for the year ended 31 Marth 2¢r24 b*thicti are set oul
on pages 4t0 8.
Re8pon8lbllltleg and basls of report
As the tharrty's truste8s you are rnspon*ble frx lThe FYeparatk)n of the ￿)Unts in acix)rdarr* vrith reqUirw￿nts of the CharrlFes ALt
2011 (Ihe Ad'l.
We rewrt In respect ol my examlnatbn of the charity's ar£ounts Ca￿led out under Se￿￿￿ 145 of Ihe arnl in Ixrying out our
examina￿n V4? have folk)%￿d the DreGlions 9p￿n ty the Charity CM)missbn under sedion 145(5){b) of the
Indèynd•nt •xamln•f• 8tst•ment
We have ￿1Pleted ￿aMInatIOn. We confirn that no m8ttws to ow atten￿n In (xlnnedth with the examiiatlon g￿ing
us Gause to beLwe that in any material
accounting re¢Th￿S V￿re keo in respecl of the chartty 88 requlred ty se(thn 130 d the kl:
the 8rxounts do n(rt acclxd those rec(Yds.'
the aCcc￿nts (k) c£*npty *ryth the applicable reoJk•nents o)n¢eming the fomi and content of accounts set rArt in Charities
(Ac£ounts and Rep￿5} Re9ulalions 2008 other than any wulreff*nt that the aco)unts ghe a arKI falr Is not
matter considered as part of an independent exaninat*)n.
We have no COn￿mS arvj have across no other matter5 in connedk)n ¥￿th the examviatw)n to wthkh attertM)n shoukl be dravm In
this rew1 in Lyder to enable a proper unde(*anding ol the ￿lUnts to be reathed.
Cooper Parry Advl•ory Umlt•d
Aissela
46 Hlgh Street
Esher
Surrerf
Kf10 &￿y
Jun• 2025

MULTIPLE SCLEROSIS TRIALS COLLABORATION
STATEMEiif OF FIPiANCIAL ACTMTIES FOR THE YEAR ENDED 31 MARCH 2024
Unrn•trlct•d
Fund•
Restslcted
Funds
Y••rto
2024
Year to
2023
In¢omo and •ndo*inent• from:
Donat￿n$ and legades
Charitable adhities
Interest inttme
102,261
551
551
327
Totsl IrN>xne
Expendlturo on:
Grants and Oonalions Pald
Charilatle adNities
14.458
1,621
14.458
1.621
49,734
1,514
Tolal expenditijre
Net {expwKlitweYincome and net mOV￿nI n fvnds
Reconclllailon rf lund¥:
Total funds Ixouglft f(Nward
264,586
10.21))
264.786
213,446
Total fund• ￿rrI￿ forward
289 058
2￿ 258
The ndes on pages 6 to 8 fomi part ofthese ￿na￿A81 staten*nt&

MULTIPLE SCLEROSIS TRIALS COLLABORATION
BALANCE SHEEf FOR THE YEAR ENDED 31 PAARCH 2024
2024
2023
Currerrt auets:
Cash at bank and in hand
316,596
316.
287,426
267.426
Crndltorn:
Amounts falling due v￿￿rn t)ne yeBr
Net current a8s•ts
Total ass&s less oJTheM liabHIUes
299.258
2S4,786
299 258
264 786
Fund•
UnrestrKled funds
RestrlLted fvnds
289.058
10,21X)
264.786
10,2(K)
Total fund8 ￿lFI•d loThvanl
The finandal Statements wwe approved ty board on
une 2024 and slgned on ts behall ty.
R Nlchol*8
Truste•
The n(*es on pages 6 10 8 form part of It￿ rma￿￿al staten*n

MULTIPLE SCLEROSIS TRIALS COLLABORATION
NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2024
Accountlng FK>llcl••
The prin(ipal 8CrJ)u￿ng politxs are set (xrt bekpw. The wJx)unling w)fKies have been ajoptsd C￿siSteni￿ throughout the
year.
Bas1• of preparfng tho flnancl*l •talem•nts
The fmanoal statements have been wepwed in 8ccx)rdaThx with ACCO￿11rvJ arKI Reporting ty Charitles.. St8temenl of
Recommended Practice appfKable to charities wepwing ther acc£wnts in ac0)rda￿e with the FInar￿la1 Reporting Standard
appfuble in the UK Wtd Republ￿ of Ireland Issued in Odober 2019, the Fi￿n(JaI Rewting Stsndard applThble in the Unfted
Klngdom and Re￿b￿ of Ireland (FRS 102) and the Charit￿S Ad 2011.
The financlal stalerrnnts been prepared uThler the hist(￿￿1 cost ￿nvent￿n arKI are prepared cffl a going concern basis.
Muluple Sderosis Trials CcAlaboralion meèts the def￿lI￿n of a public benefit entty u￿ler FRS 102.
Golng ¢orK•rn
The finan(3al statenxnts have been prepared on a gdng c*J￿rn basr3 as the tntstees believe thal no materwl urtertantles
exisl. The tA￿tee$ ha￿ consKlwed the level of furKls held aTrJ the ￿r￿ded level of inc4Nne and expendtture for a minynum 12
months frcffl the aUt￿nSati￿ ofthese finarrtial slaternents In arriving at this c(J)dusion. The budgeted wic{￿ and expenditure
Is sulhsent *ith the level of resw4es for the tharty to be able to continue as a going concxn.
Judgement and key sources ￿ èslknallon unc•rtslnty
The of the finanrjal statwr*rts requyes M￿agaI￿rt to make ludgwnents. estinates and asswnrthns that aff&t
the amunls rewted. These est￿aleS ar¥J Judgements a￿ conlinuafty reNryev￿d and we based on exwence and other
faclors. incbJdiTrJ expedatM)ns of fuiwe wents that are beSewJ io b8 reasorAble urnler Ihe (arumstsnces.
AU irKJ)ming resources are induded in the Stat￿nI of financ¥g1 aclr4itses *then the tharity is entrtled to the inccrfne and tho
amount ￿ be qU￿tified vAh reasonable a￿￿ac￿. The foQ(hwKJ polcies are aPp￿dt0 parth%kr c2teg(xÈs of income..
£knat￿S and legacies Tecei¥ed ty way of d(￿￿tK)nS and gifts ￿e recognised in the in thich they are
receplable.
Incc4ne fm th8rrfable at*ivJtses is WKluded vi the period in it is receib7t4e.
Expendlturn
Expenditwe is fecognised on an a(yJuals basis as a labilty is InoJrred. The lo1￿￿ng speafL POS￿ are applied to parthwlar
categ(Ths of expenditwe:
E¥penditure ch8nlable xtmtts is by the djarity n the cowse ofmeetiFWJ its tharitabte aims induding
grant mak¥Jg and related governar￿ and supwt costs
Fund 8tructur•
un￿￿￿K￿ed general fvnds- the Yree. fuThts held ty the dwty to be used a¢x(Kdm vfith the thaT*able oty'eds at
the dISuet￿tn of the trustees.
Restihl8dfunds- fvnds held to be used onty ts restrK*ed p￿pOSe5 the otye(As crf the cknrFty. Restrwxions arlse
wtwi by don(Y5 and grnnt rna￿ng or vthen fvnds we raiwj for pwtKul8r wrposes.
Incom• and endcwm•nts
Unrnstrlcted
Fund•
Year to
2024
Year to
X123
DonalM)ns and legaw- Donath)vki
Charitsble adriibes- Trials incc¥M
102,261
551
327

MULTIPLE SCLEROSIS TRIALS COLLABORATION
NOTES TO THE FINANCIAL STATEMEKfs FOR THE YEAR ENDED 31 MARCH 2024
Expendlture on charttable actlvllles
Yearlo
2024
Yo•rto
2023
Fund•
Gr•nts 4nd don•llons p•ld
Imterf81 Col*e Trust
Epilepsy Socaety
Hellenic Paslew S(Klety
Universty College London
14,458
14.458
49.734
Support costs •ttrfbuthble fo grantmaklnp •nd don•dons
Salarles aTrJ trtal fees
Travel cx)sts
Palient tran8POrt
Office expenses
Profess#)nal fees
MS Flm
AccJ￿rftancY
Miscelaneous expenses
1.440
74
81
61
Totsl expenditure on thwitable athitkns
Expendllwe on d￿lIat￿e activl*s In 2024 was ertlrety attrI￿rtable to urnstrnled funds.
Tru•l•o r•fflun•r•llon and oxpenws and koy man•gwnent pw8onn
No truslees ￿ persons c￿￿eded wilh thern re￿Ne￿j emo1u￿nts in their role as tnBtees fr¢￿ the dwrty (2023". niQ and
no trustee5 have recer¥*d Pa￿]enIfor FKofessional w other ￿ provwjed to tl* tharty during the year (2023: nil). IndN>Jual
expenses 1¢Xa￿In9 nil for tra￿ and subsistence to meetings and C(￿f￿ertr￿ (2032: nl) were re1mt￿rWj to ￿e trustee during
the yew.
The trustees cjynwsed the key r￿nag￿nent ￿rs(￿ne1 of the charity dsrng the yeaf5 erKllng 31 Marth 2024 and 31 March
2023. The chanty did not employ any merrt)er5 of stsff durirs Ihese yeaTs.
Crodltor•
Year to
Y•ar to
2023
Acuued warAs payable
Accrued support cx)sts
14,458
2,880
2,640
17.338
Unmtrlct•d fund•
Balance at
0110th23
Balance at
3110312024
Year •nded 31 March 2023
Inc(¥n•
Exp•ndlturn
Tran8for8
Genwal funds
254.586
50.551
(16.079)
289,058
254.586
51.248
289,058
Balar•ce at
011W2022
Balance at
3110￿2023
Y••r •ndod 31 M•rch 2023
Inc
Exp•ndltur•
Trarb•forn
Genefal funds
203.246
102.588
(51248)
254,586
51248
254.586

MULTIPLE SCLEROSIS TRIALS COLLABORATION
NOTES TO THE FINANCIAL STATEMEpifs FOR THE YEAR ENDED 31 MARCH 2024
Restrfctod fund•
Balanc• at
0110412023
Balance at
3110J2024
Year anded 31 Ma￿h 2024
Inc(xn• Expèndlturn
Trdnsf•rn
10,2(KI
10,2IKI
Balance at
0110￿2022
Balance at
3110Y2023
Year ended 31 March 2023
Inc(xM Eyndlturn
Transfer4
Genzyme Th￿rap￿rt
10.2
10.200
10.200
Name of fund
Genzynp TrrapwA
Funds hehj for the wrpose of makNIg a wl fty the wrchase of an infusion pJmp.
Analysls rA net assets bet¥•wn funds
Year ended 31 March 2024
Funds
Funds
Total
Currerrt assets
Cuffent liabilities
,398
(17.338)
102(K)
316,596
(17.338)
289.058
10.2
299,258
Unrestrlcted
Funds
Restrlcted
Funds
Year ended 31 March 2023
Total
257.226
(2,640)
10.2(Kl
267.426
(2.640)
Current liabl￿tte3
10.200
264 786
Detals of trustee emolrnnts and expertses are di5d￿d ￿ note 4.
There are no cther felated paty trdnsadKW15 to repo