REGISTERED COMPANY NUMBEIL" (W95584 (ERg]and 2nd Wales) Report of the Trustees aud Audited Financi%1 Statements for ibe Year Ewled 31 March 21124 for The MDltipk SAAer(w Researeh And Relief Famd Peter Weldon & Co. W Statutory Auditor 87 Ststion Road Ashington Northumbertand NE63 8RS
The Muliipie Sclerosis Researeb And RelT¢f Fund Contents of the FiD&neial Ststemellts for the Yemr Ended 31 March 2024 Page Cbiiman's Report 2024 Report of tbe Trustee Rewjrt ofihe Independent Auditors statellnt ofFin#ncial Activities 10 B212Aee Sheet Ckn Fkny StaieJneDI 12 Nofe& to the Cash Flow Slatemenl 13 Notes to the FIDaDeknl Sl8lemeDts 14 to 25 Detalkd Ststement of 1*tI&l Activltles 26 to 28
The Mmltiple Sckr05is Research And Rellef Fuod Cbaiman's Report 2024 for ihe Year Ended 31 March 2024 The past year has seen ihe Charity continue its recovery from ihe ravag¢s of the pandemi4 and thankfully we are now prety much Iiack to we Covid operating leve15. Car¢ful and frugal management of the day to day running of the Clwity have conlributed 8reatly to helping preserve the future of MSIUiF. and w¢ are DOW very much looking forward, Tather than treadinB water. Most staff vacancies have now been fille(L and new employees and self employed staff oft settlin8 in nicely. We are once again b¢eoming a team and doubts about the future AT6 a thing of th6 pasi, Souihsid¢ H0C is now the physiothernpy centre we planned it to be and is io be renamed the Pashler Centr¢ in honour of th¢ family whose kind bequest provided ug with the fijnds to undertake the proj¢¢l. It has alr¢ady b0m¢ very popular with our servic¢ u5¢rs and 15 a maior rontributor lo our rang¢ of services. We continue to look closely at approaches r¢latin8 to outreach projects, all of whi¢h are individuaIly 4ss¢sseoJ, and if found to be practical artd economically viabl¢ will Ih¢rt be approved. As alwwJ, I cennot praise our staff enou8h for th¢ir dedication and professionalism, parti¢ularly durin8 the period when Covid was affecting so mu¢h. Turning to the Tru$tee$ of MSRRF. Margery Tale retired durin8 the y¢ar, and will b¢ a bi8 mis& we or¢ a118ratefvl for her efforts and contributions over the year$. I would also like lo wclcomc Nicola Young to the board of trustees, who brings years of HR exp¢rienee lo our team and14m sur¢ will b¢¢ome a valuable ffl¢mb¢r. Pa8¢ I
Tbe Mllltlple Selerosls Rewreh And Relief FuDd Report of Ihe Trusttts for the Ytydr Ended 31 Mareh 2Q24 The trus who ate also directors of the charity for the puryoses of the c1PanIC$ Act 2Q06, present their rewrt with the financial statements of the charity for the ye4r ended 31 March 2024. The tTUStees have adopted the provisions of ArxouDting and Reporting by Charitie5: Ststcm¢n1 of Recommended Practice applicable to charitie5 prepating their accounts in acc4xdance with the Financial Rew)rting Standard apPlible in the UK and Republic of [reld (FRS 102) (effeciiv¢ l January 2019). OR1EIvEs ATID ACTIVITIES Obj¢clives and aims To Pld¢ supporL ¢ounselling and training to the sufferers and carefs of multiple 5cJerosis in the Morpeth ar¢a. The trustees confirni that they have referd to the 8uidance conlained in the Charity CcMnmis5ion's general guidance on public benefit when reviewiJ)g th¢ Trusvs aims and obje¢tives and in planning firture a¢tivitie8 and settin8 the granl making policy for the yEar. To advance education and training of the Nnun1ty in the 5ymptom4 typc4 cau5e4 diagnosis and trth¢nt of muliipl¢ sclerosis. STRATEGIC REPORT During the year ended 3 Ist Mareh 2024 the net ass¢ts of the Muhipk S¢lerosis ReSe4h and Relief Fund in¢r¢ased by £341 J28 from £3,313,019 to £3,654,347. The company had a decre of net incoming r¢50urces of £1.778 aThJ an increase in gains on inv¢stments of £121.864.The ba]an¢e sheet of 31st March 2024 continues to show a robust 1xisitic wtth net current assets of £499204. Inve5tmeDt policy objectives The Charity maintsins a high level of risk free liquid fimds on d¢p)sit at any point in time. Surplus fund% alt managed by pfesSional investment advisor5 on a low risk basi5 with Tegular comprehensive monitoring and feedback as io perforniance and Strategy.Inve51ments are made within an,ethical framework set by the board. Reserves Polley Th¢ Tntr¢s have 8iv¢n careful consideration to th¢ ¢uttent and futtwe needs of th¢ Charitys ben¢ficiaries" the risks and oppomjnities association with the norn)d runnin8 of the chity'S affairs and have f(brnJulat¢d a reserves policy accordingly. At 315t March 2024, the Charity had reserves of £3.654J47 of whi¢h £61.779 Constituted Restricted Funds. UnrestTiQted Funds Constituting £3,592,568, £685.¢100 were tied to freehold property ai the year end {2W23: £3,244,509 of which £481,469 was t1 to freehold property). Th¢ balance remaining comprises General funds of £2.907.568 vknich are available as working capital to develop lh¢ charity including where appropriate fijrtherproperty atqUTSitions. Page 2
The Muhlpk Seltmsis Researeh AAd Relief Fund Report of the Tntstees lor ibe Yujr EDdthl 31 Mareb 2024 STRATEGIC REPORT Principal risks and unttrtAlndes The management committee tw conductcd a fEview of the major risks to which the charity is exps)sed. The ¢twity is clear thal unless theTe is any unexpecd reduaicm in funding then the charty is in a position to continue to develop and deliver its services. Where appropriat< systems aftd Procedur have been established to miligatc the risks the charity fatts. Internal control risks are minimised by the implementation of pnxedure$ for Authorisatiort of all transactions and projKts. Procedures aTts in place io ensure compliance with health and saf¢ty of Staff, volunteers, s¢rYice ugers and visitors to the charity. STRucfuRE, COVERNANCE AND MANAGEMENT Goverllillg do¢um¢Dt The charity is controlled by its 8ovcrning dmen4 a deol of tnbsL and constitutes a limited company, limited by 8uarantee, as d¢fin¢d by the Compani¢s A¢1 2006, Structure• govern#n¢t and muagemen¢ The Multiple Sclemsis Research and Relief Fund i5 a chJritsble company limitPAI by guarantee and complie5 with the Comphnies Act 2006 and the SORP. Incorporated on I lth Mar¢h 1964 and r¢gI¢T¢d as a charity on 13th Junc 1969. the company w&8 established undcr a Memorandum of Association, which e5tabli5heAI the objectives and power5 of the Charitsble MpanY and is governed uThJer its Arti¢les of Association. In the event of the compkny being wound up member5 are quired lo contributed an amount not exceedin8 £1. The dire¢tor5 of the Company also charitable IneeS for the purpose of Charity law and undeT the company's Articles are known as members of the Management Commillee. Under the requirements of the Memorandums and Articles of Asso¢iaiion th¢ Ion8est seTvin8 mnber$ of th¢ Manwm¢nt Committee will retire on rotation al each Annual Genernl Meetin8 2nd Ixing eligible ean Stsnd for r&elKtion. The Managcmeni C¢)mmittee seeks to ensiiie representati4)n on the Board of Tru¢¢$ io refleci those with specific experience of Multiple Sckn)sis and th¢ issu¢s coJ)frontin8 sufferers. An Onv8Oin8 skills avdit is undertaken and trainin8 is provided to all new maJ)a8ement committe¢ membets ¢overing: . a) The obli8ations of the Mana8¢mcnt Committce b) The main documents which set wt th¢ op¢r*ional for th¢ tharity includin8 the Memorandums and Article5 c) R¢sour¢ing and the current financwl position as set out in the l•wt publishd accounts d) Future plans and obj¢¢iiv¢s Regu]ar full t¢am meetings inforni the futyre planning and strate8iC thinkin8 of thc managen)ent committ¢e ond are open to stsff. voluntccrs and peer volunteers. In aldition. and carer involv¢menl group5 and surveys of stakeholders inforni th¢ work of ihe charity. The mwyment committee has Six member5 who mect every two month5 and are responsible for the strategic direction and policy of the charity. At present the Committee ha5 m¢mber5 from a variety of backgrounds relev¢ to th¢ work of the ¢haTity. A schem¢ of delegalion is in place and day-to-dtty responsibility for the provi5i<)n of the services rest with th¢ Charity Manager. The Charity Manager is responsible for ensuring that the ¢harity deliver5 the services Slfied and that key p¢rforn)ance indicators are met. In so far as it is ¢omplimentary to th¢ ¢haritys objts, the charity is guided by I local and naiionaI policy. Page 3
The Multiple Sckrosis Researcb And Relkf Fuod Report of the Trustees for Ihe Year Ended 31 March 2024 STRUCTURE. GOVERNANCE AND MANAGENT Key management remuneratio Durin8 th¢ year the was on¢ m¢mber of key management who received remuneration totalling £45,972 (2023 £43,416). REFERENCE AND ADMINISTRATIVE DETAILS ReEL8t¢red CompaDy nuJDber 00795584 (England and Wales) Registered Charity number 228634 Regi8tered offlee Benmar House Choppin8ton Road Stobhill Morpeth Northumberland NE612HX Trll8tees P D Atkinson Chairnian K Carr Trustee B Ellis Trugtee M Sharp Trustee M Tate (resigned 411012023) P Dawson Twste¢ N D Young Tru¢¢ (appoinied 6110r2023) Auditors Peter W¢ldon & Co. Lt4 Statutory Auditor 87 Ststion Road Ashington Northumberland NE63 8RS Solicitors Weightmans I St James, Ga Newcestle upon Tyne NEI 4AD Charity MAn4%er Diane Charlton Page 4
Tht.M¥lilpl¢ Seltrojis Resoarck Alld Rellef FJod Report of ih¢ TTr$trts lor the Yur Ended 31 llarrh 2024 STATEMENT OF TRLISTF.E%' RESPONSIBILITIES 'I'he Lru51£Ys (who arc also thc dirc¢tor5 of The Muliiple S¢lerosis R¢seu¢h ATh1 Rclicf (or the pufw>s of ompan>' law) •R reswisibk (or wtPaTin8 the Annual Re ihe fInJ•#I 4aicments in a¢cothcc M'iih
pplieable law Ind Unitsd Kin8&xn Ac¢ouniin8 (Uni*d Kin8thMn Genernll) A¢cWc41 A(couniin8
Prn¥li¢e). Compn). requifC5 the tru5tc¢s to w¢par¢ financial sWenKnb fLN exh fin&n¢iil I'e•r which gilt a irue and fair '1¢. of (he of iTairs of the charitsblc CLwnpkn)' of th¢ incLMnin8 resour and 4vIlI( of r¢SOUTce& inclMlin8 ih¢ i0C and expcndituir. of tlK chwi1k for thai puicrfj. In pr¢ring those financial malemen the 4r¢ r4uiml s¢kd suitsble xtLMthlin8 kN)li¢ies then aN)ly them nSIS1ty. 4)bs¢r¥¢ the mrflK)ds and prin¢ipk5 in th Chwity. SORP: mthke jtMlgennis and elM11e$ ihai are msonable aNI wthi: FYepar¢ the fin•n¢ial sthiemcnts M th¢ Boin8 ¥lXK¢rn t1$ ynl¢ss il is inapww 10 th the chwitsble compwiy will ¢tInue in twin¢ss. The tru4¢rs ar¢ 1b for keepin8 rc(Kmtin8 rtc(Kth m.hich discI(e with resble aLxurm' al an), lime th¢ financial posiiion ofthc ¢haritsble comp> and to enibk them io enwre ihai ik fiftwl41 5wemcnis cornpl). with ihe Comp•nics Act ?1. Tk>' •re •150 rtslwsible for fegu11nB ihe assets of ihe charitsbk compny and lnce for takin8 rea5(¥wblc sps for the of fr•wl (thf irrryulrilie& In so ts the wu5tce5 aTt Iwxrt: - there is no audii inf1( ofwhKh th¢ c111¥b ar¢ unawirE: and the tyus1tt5 have taken all ep& th ou8ht lo thken w inake themsel%'es of an). leynI a11 infomuiion )d eaablish thal the •uditsxs Ire wAYt of InfLml[lI. AUDITORS The avdilork P¢i¢r W'¢lthJn & Co. Lid A1¥. will bc r(Y re4ppininth Ihe forthming Anrn1 Genernl m&1n& Rep of th¢ VusI incorkNN*iin8 4 sli¥l¢8ic rrwxL 4Fyoved by (th of the lwd of M1¢¢& 4$ the ¢0Mn> dirtciors _1.....G¢.iofA..JQk4..... •Thl siyKd IKwrfs behalf by: M Sharp. Truske 8eS
RepDrt of the l>dependeAt AuditorJ to the Membern or The Muhipk Selerosts Re8earth Axd Relief Fund Opillion We have audiied the financial statements of The Muhiple SclefOSiS Research And Relief Fujid (the 'charitable company? for the year ended 31 Mar¢h 2024 which comprise the Stsm¢nt of Financial Activitie4 thc Balance SJ the Cash Flow Statement and notes ro th¢ financial Statemen including a summary of signifKani a¢¢ounting policies. The financial reponing framework that has been applied in their preparation is applicabl¢ law aTrJ United Kingdom Awounting Standards (United Kingdom fjener8Jly Accepted Accounting Prnctice). In our opinion thc financial slatemen 8ivc a true and fair view of the stste of the charitsble companys affairs as ai 31 March 2024 and of its incoming Sour and application of resour including its income and ¢xFnditure, for the year then ended; hav¢ been property prepaTed in accoTdance with United Kin8dom Genernlty Accepted Accounting Practie¢: and have been prepared in xcordance wlth the Tequirements of the Companie5 Act 2006. BAsts for Opinion We conducted our oudit in acc4)rdance with International Sfand8T& on Auditing (UK) {ISAs IUK)) and applicable ]aw. Our responsibilities under those thklards are hrther described in the Auditors, responsibilities for the audit of the financial ststements section of our rep)TL We are iSMlependent of the clwitable company in accordance with the ethical requirements that are rekvant to our audit of the financial ststements in the UK including the FRC'5 Ethical Standard. and we have fulfilled ([ other ethical re4M)nsibilities in accordance with these requirements. We believe that the audit rvidenc¢ wt have obtained is sutrlent and appropriate to provide a basis for our opinion. CoDdusioD5 relatiDg to goiDg co•cern In auditing the financial statement4 we have concluded that the truStS, use of the going concern basis of accounting in the preparation of the financial stslements is appropriate. Based on th¢ work we hav¢ wfomkd. we have nof identified any material uncertainties tElating to events or Conditions thaL individually or collectively may cast Si1r]cant doubt on the ¢haTitabl¢ company's ability to continue as a going ¢on¢¢m for a period of ai least twelve months from when the financial swements are authorised for issue. Our res¢x>nsibilities and the r¢sponsibililies of the trustees with resp to going ¢on¢¢rn ar¢ describ in the r¢l¢vant tions of this report. Other infomitioD The trustees ar¢ Tesponsible for the other infornknI0n. The other infomwiion comprises the infOrntion included in the Annual Repor¢ other than the fjnancial statements and our Report of the Independent Auditor5 thwn. Our opinion on the financial 5tsternts docs not cover the other infoTmation and. except to the extent otherwise explicitly stated in ow rewrL w¢ do not express any form of assurance concIlOn thercon. In ¢onne¢tAon with our audh of the fin8nciaI stsranVn our re5ponsibilty is to ad thB other infonnation and, in doirkg so, consider whether the other infornution is tnaterialty incoosistent with the finan¢ial sw¢meMS or OUT knowledge obtained in the audit or otherwise apF¢ats to ix maieTially missrated. If we identify such material inconsistencies or apparent material misstatement4 we are requlrcd to de*rniine whether this gives rise to a material mi&stat¢m¢nt in the finala1 s¢atem¢nts themselves. If. based on the WOTk w¢ have perfOrni we conclude that there is a material misstatement of thi9 other Infomtion, we are required to r¢p)rt that fact. We hav¢ nothin8 lo rewrt in this regard. Page 6
R¢port of the Independenl A•ditors to tbe Members of The Multiple Sderosi8 Re8er¢h Attd Relief Fund Opinions on oiher tnatters prescribed by the CompaDi¢s Act 2M6 In our Opinio bed on the WOTk undertaken in the COUTse of the audiL the infoTmation given in the RekKSrt of the TTUStees for the financial y¢8r for which the financial stalemenls aT¢ ptppared is consistent with th¢ financia] statements. and the R¢port of the Trustees has been prepared in accordance with applicable legal requirements. Matters on whi¢k Ivt are reqllired to report by eiteption In the ligth of the knowledge and unders¢andin8 of th¢ charitable company and its envirment obtained in the c(wr5e of th¢ audiL we have not latified material misstatements in the ReixTrrt of the Tstee$. W¢ have nothing to r¢p)rt in respect of the following mattets where the Companies Act 2006 rquires us to rert lo you if, in our opinion: adequate UtIng records have not been kept or returns adequat for our audit have not been received from braft¢h¢s not visited by us. or the financial statements are Tlot in agreement with the accounting records and returns. or certain disclosures of truses' remuneration specified by jaw are not mak. or we have not received all the infornmtion and ¢xplanations we requi for our audit. Respon$ibilitie5 of trustees As explained more fully in the Statemeni of Tnjsteeg RespoJJsibilitie& the truste¢s (who are also th¢ direct$ of the charitable company for the purposes of company law) are resFK)nsible foT the of the financial statements and foT Ing satisfied that they give a true and fair view, and for such internal ¢4)ntn)l as the truses deterniine is necessary to enabk the preFwation of financial statements that are free from maierial misstatement, whether due to fraud or error. In preparing ihe financial swement& th¢ trus¢s are wwnsible for assessing the charitable companys ability to continue a5 a going concern, disclosin& as applicable. mattw lated kn going nCern and using thc going Concern b&sis of a¢¢ouniing urtl¢&8 the $te¢S ¢ithw ini¢J)d to liquida* the charitable company or to Ce operdtion% or have no ralistic altemative but to do so. Pa8¢ 7
Report of the Ind¢peDdont Auditors to the Members or The Muhiple Sclerojig Research knd Relkf Fund Our we8pollsibililies for the audit of tbe financial statemellts Our objectives are to obtain reasonabl¢ assurance about whether the financial statements as a whole aTe from material mis5tatemen4 whether due to fraud or error, hnd to issue a Report of the Independ¢nt Auditors that includes our opinion. Reasonable assurawx 18 a high level of assurance. but is not a 8uarantee that an audit conducted in accordance with ISAS (UK) will always detect a material misxtatement when it exists. Misstatements can arise from fraud or error and are considered maierial if, individually or in the aggregat< they could reasonably be expected to influenc¢ th¢ xonomic decisions of users taken on the basis of these financial statements. The ¢xt¢nt to which our procedures ar¢ ¢apabl¢ of d¢l¢ctin8 irre8ulariti¢& including fraud is delailed below: Irregularities includin8 fraud, are instances of nonomplisnc¢ with laws and Te8ulations. W¢ desiBn procedures in line with our responsibilities, outlined abov¢, to d¢t material misststements in respect of iTr¢gulgritio& in¢luding fraud. The extent to which our procedures are CApable of detectin8 irregularitie4 including fraud is detsiled below Ba5cd on our understandin8 of the industry, we identified that the principal risks of non-complianc¢ with laws and resulations related to employmeni laws and indire¢t tax¢8 and we considered the extent to which n-COmplIance might have a material effe¢t on the financial Statements. We also considered those laws and re8ulation8 that have a direct impact on the preparation of the financial stawnents such as th¢ Companies Aet 2006. We evaluated manig¢menl'$ incentives and OpponItIeS for frauduleni manipulation of the finAn¢ial #arements (in¢lvding the ri$k of ov¢rrid¢ of controls). and d¢terniined that the wincipal risks wer¢ related lo postin8 inappropriat¢ Journal ¢ntri¢s to aCh1C d¢sir¢d financial results and the manipulation of ¢x¢eptional items and management bias in a¢¢ounting estimatu. Audit pro¢edur¢s perforned by the en8a8ement team includ¢d, but w¢r¢ no¢ limited lo.. enquiries With managcmenl internal accounts and the legal counsel (internal and, where rel¢vanL extsrnal), in¢ludin consideration of known or suspected instances of fraud and non-¢ompliaK¢ with laws and r4ulations and xamining supportin8 calculations where a provision h&5 been made in respect of these. There are inherent limitations of an audit, there is a risk that we will not dete¢t all irregulaTities, in¢luding thos¢ l¢adin8 to a material missratement in the fjnaneial statemenls or non4ompliance with regulation. This risk incre thc mor¢ that compliance with a law or regulation is rcmov¢d from the events and transa¢tion$ r¢fle¢ted in lh¢ financial statements. as we will be le$s likely to become awar¢ of instanceg of non-compliance, The risk is olso 8reater regarding irregularities occuffing due to fraud ratheT than error, as fraud involves intentional concealmen¢ forgery, collusion, omission or misrepresentslion A further description of our r¢sponsibilities for the audit of the financial statements is located on the Fin¢11 Reporting Council's website at www.frc,or8.uklAuditorsresponsibilities. This d¢riPtIon fornis part of our Report of the Ind¢pend¢nt Auditors. Page 8
Report of th¢ Ieade•l Audliorj lo ihe hlembtr of Tbe Multiple lcrosiJ Rexartb A•d Relief bu L15c ofo¥r rep)rt I hi5 fL'POrt is made solel). lo the Chlble ¢(ynsw's memkn as • in with Chwr 3 of Pffi 16 of the Comp1¢5 A¢1 ?006. (hr audtt has been underukefi so thal w¢ miskn swe io the charitsbk companys mcmbcrs thos¢ mitters w¢ w¢ rcguircd io slllc them in an audil(Ns' r¢tx)rt and no her purp. To ihe full ¢xlcni Fwmilled b)'18W. (k) or aSYUDe pSIbilIt io kn)'LNbe h¢r th•n ihc clwitsbk compan) and the ¢hritabl¢ members as a Ixth.. Ir I1( work this r¢m ( for tk opinions hair fornKd. Q£e Pder Weldon (Seni Stsiul(xy Audil¢x) ror an¢J w kknifofPei¢r M'ejdoo & Co. &JiuKrfy Awlitt 87 Swiun Ro A5hinston Northumberland NF.63 8RS Datr: .f...¢L1?e£L_ 101 Py9
The Multipk Sekrosis Researeb And Relief Fund Stsl¢m¢nt of nanCIal A¢¢ivilieJ (]n¢vrpornting an IDcome Expendithre Account) ror the YrEDded 31 Mareh 2024 2024 Totsl funds 2023 Total •ds ilnrestrkted Restrkt¢d fund¥ Notes YCOME AND ENDOWMEI¥TS FROM Donations and 1¢8acies 501477 502.477 921183 Charitable activities Grants 3.0(X) 3.01)0 I,Q(K> Other trading activities Investment income 10.249 79,208 10,249 79,208 10,182 71,780 Total 594,934 594,934 1,005,145 EXPEI¥DITURE ON Raising funds 33.981 33.981 20.196 Cbarltabk actlvllks Mana8ement and administration Grants Admin & rnnningcosts Governance costs 313J29 28,979 199J15 14J77 731 320,060 28,979 199,315 14,377 336,1)90 24,545 190,892 13565 Tothl 589.981 6,731 596,712 585.288 Net gainsl(k)sses) on investments 121.864 121,864 {97215) PIET INCOMFJ(EXPENDrruRI) Olber rev)gnised gaiMIOogses) Gains on revaluation of fixed assets 126,817 {6,731) 120,086 322,fA2 221242 221242 Net movement in funds 34&059 (C731) 341.328 322.642 RECONCILIATION OF FUNDS Totsl funds bmught forward 3.244,509 68.510 3213,019 2,99OJ77 TOTAL FUNDS CAIiRIED FORWARD 3,592,568 61,779 3.654J47 3,313.019 The notes fonrj part of these financial ststements Page 10
Th¢ Multipk S¢krosii Researtb Awd Rellef Fu Bl•Aee Shee¢ JI 2024 2024 Toi#l f¥DdJ 2023 Tothl U•resirirted RIrkI¢ FIXF.D ASSETS Tniigible Dssets Inv¢JthKnls 14 15 617J13 ? 467.8jO 687.313 2.467.830 484.6?1 2.213.860 3.155.143 3.1 $5,143 2.698.488 CURRF.NT ASSETS I)roIS Cth And in 16 9.762 45&158 9.76? 517.937 S.832 61.779 465.970 61.779 527,699 6?7.(P)6 C.-Kl'DI'f()RS AMLmub (allin¥ dtse within ) 17 12&495) 12&495) 13.465) NF.T CLRRE.NT AF.Ts 437.4?5 61.779 499.204 614.531 TOTAI. A55ETS LE&S CI',RREYr LIABILITIES 3J91568 61.779 3.654J47 3.313.019 NET ASSETS 3.59? 568 61.779 3.654.347 3.313.019 Unrestri¥t¢d fuThls ReSViLied fund& 3.59? 568 61.779 3.44.51)9 68.510 TOTAL FUNDS 3.654.347 3.313.019 The financi•l $18t¢rnents *ppN)%ed b>. th¢ of Tft •nd auihofiKd issue I CK Tts.._..IQll4..... and w¢r¢ swKd its behalf by:
The Multiple Stlernsis Re8e&rcb And R¢ll¢f Fund Cash Flow Ststement for the Year Ended 31 MAr¢h 2024 2024 2023 Notrs Casb Ilows from operatitt8 2edvltlts C&sh generated from operalions Interest paid (51,329) 364,123 (2.071) Net c&%h (used inyprovidcd by operatin8 activitics (51,329) 362.052 Cash tIow8 from Invegting aellvltl¢g PurchÈse of fixed asset investments Sale of fixed assei investments Interest received Dividends received (609,036) 476.930 4,868 74,340 (528.026) 425,486 1.747 70.033 Net ¢ash used in investing tIvitIeS (52,898) (30,760) CbAnge lo ea8h And eA8h equlvalemts In tbe reporting perlod Cash And ¢uh equivalents It the beglDDlng of the reportlng perlod (104,227) 331292 622,164 290,872 Cash and equlvalents a¢ the end of the reportlog perlod 517,937 622,164 The notes fomi part of these finaneial ststements Page 12
The Multipl¢ Sclerosis Research And Relief Fund Not to the CAyb Flow Ststemenl ror lh¢ Ye4r Ended 31 March 2024 RECONCILIATION OF NET INCOME TO NET CASH FLOW FROM OPERATllYG ACTIvrrIES 2024 21ll3 Net in¢ome for th¢ reporting period [ per the Slaltment of FinantiAI Activi¢ie8) AdJu$tments for: D¢preciation charges (Gain)Ilosses on investments Interest receiv 1ftr¢St paid Divideftds received Oncreaseydecrease in debtors Incrnel(decrease) in creditors 120,086 321642 18,557 (121,864) (4,868) 19.738 97215 (1.747) 2,071 {70.033) 358 {6,121) (74.340) (3,930) 15,030 Nel cash (used in)Iprovided by operatiolls (51,329) 364,123 ANALYSIS OF CHANGES IN Nft FUNDS At 114n3 Ca$h flow At 3113124 Net cash Cash at bank and in hand 622,164 {104,227) 517,937 622,164 {104,227) 517.937 iaquid re¥ourtt8 Dewjsits included in cosh CuTTent osset investments 2213.860 (2,213.860) 2213,860 (2.213.860) Tolal 2,836.024 (2.318.087) 517,937 The notes forn) phrt of these finan¢ial sthtemtrnts Po8¢ 13
The Mllltiple fjekrnis Rese2rcb And Relief Fund Nol¢* to the FlnaDelal Statements ror the Yur Emded 31 March 2024 ACCO1NG POLICIFS B&81s of preparlng ttse fiHAlldAI 8tstem¢nts The financial statements of the charitable mPAny, whi¢h is a public benefit entity under FRS 101 have been prepared in accordance with the Charities SORP (FRS 102)'Accountin8 and Reporting by Charities: Statement of Recommended Prnthice applicable to charit%s preFwing their Unts in ac¢ordance with the Financial Reporting Standard applicable in the UK and Republic of ITeland (FRS 102) (effective l January 2019),, Financial R¢portin8 Standard 102 The Financial Reporting SthndaTd 4ppli¢able in the UK and Republic of Ireland, and the C¢)mpanies Act 2006. Th¢ fina18[ 51at¢ments have been prepared under the historical cost convention. with th¢ ¢x¢¢krtion of inves¢nKnts which are included at MtI value, as Mlfied by the rnvaluation of certain assels. Incom¢ All income is recognised in the Swemen¢ of Financial Activities once the chwity has entirlement lo the funds, it ig probable thai ih¢ ift¢om¢ will be received and the amount can it measur¢d reliably. Donations, L¢8acies 8Toni and Fundrnising incom¢ is recwised on reeeipt of income. Expewdhure Liabilities are recOlsed u ¢xpendityr¢ as soon as th¢[¢ 1$ a k8aJ OT ¢ons1rlive obligatis)n committin8 the harity to that ¢xpenditur< it is probabk that a transfer of economic benefits will be wuld in settlement and the amount of th¢ obliwion Can be measured reliably. Expenditure is account for on an accruals basis and has been ¢1lfied under headin8s that 888re8ate all c05t relaied to the cale80ry. whe costs cannot be dir¢¢ily attributed ¢0 parti¢ular h#din8S thty have been allocated w a¢iiviiies on a bisis consisten¢ with lh¢ use of r¢source5. Grants offered subject to conditions whi¢h hav• not been met at the year end date are noted as a commitment but nol a¢ffjied as ¢xpenditure. TaDglble lIx assets tPlItIOn is provided at the followin8 annual rates in order to write off each asset over its estimated useful life. Freehold property Fixtures and fillings 41/1• on cost 33V• on cost W 8nnum and 25% on cosl peT annum Tangibl¢ asseis h¢ld for the MpanieS own use are ststed at C05t less accumulated depreciation and ftccumulated impairnient losses. At eh ba18nre shect dat4 the company reviews the c3rrying afflount of its tangib]e fixed asseis to d¢t¢nnine whether there is any indication that any items have su(fered an impAirn)ent loss. Jf any such indication exist4 the r0verable amount of an asset is estimated in order lo deterniin¢ the extent of the impairment 104 if any. Ta110 The charity is exempt from corFK)rknn tax on its ¢haritsbl¢ tivIties. Fund A¢counling Unrestricied funds con be used in accordance with the charitable objectives 4t th¢ discretion of the kn5t¢es. Page 14 continued...
The Multiple Stlerojls Re8eareb Alld Relief FuDd Notes to the FIDaDelal Stalements- eonti•ued for the ye Ended 31 Mard 2024 ACCOUNTING POUCIES- eonlinued FDnd aecounting Restricted funds Can only be used for particular restricted purpos¢s within the objects ol th¢ charity. Restrictions aris¢ when specified by the donor or when funds are raised for particular restricted Purpo5. Further explanati of the nature and purpose of each fund is included in the notes to the fjnanoial stai¢menrs. Pension costs and other post-retirement benefits The ¢hthritabJe company operales a d¢fined ¢ontribuiion p¢nsioo s¢lKm¢. Contributions payable to th¢ Chlb company's pension scheme are charged kn the Statement of Financial Activities in the period to which they relate. InY¢stentS arc stated markct value at the balanc¢ sheet dth. Purchases aftd salc5 include transaction fees charged by the investhi¢nt managers. All other fees charged to expenditure. DebtorJ Trade and other debtors are 08Th1$ed at the th¢ment amount due. Prepayments are valued at the amount prepaid net of any trade discounts due. Credhors CT¢ditOTS and PTOVi5ions aTe recognised where there is a present obligalion resulting from a pasi event thai will probably result in the transfer of funds to a third paty and the amount due to settle the obligation be measured or estimated r¢liably. Creditors and provisions are nornwlly re¢ognised at their Settlemeftt amount after 8llowirJg for any trade discounts du¢. CRITICAL AccouKfiNG JUDGEMENTS AND KEY SOIIRCES OF ESTllklATION UNCERTAll¥TY In the application of the Companys accounting polioies management is required ro make Judgem. estimeS and assumptions about the c8ryinB values of assets and liabilities. The estimates and underlying assumptions aT¢ bas¢d on historical experience and otheT factors that are ¢onsid¢red to be relevani. The estimates and underlying assumption are reviewed on an ongoing basis. Revisions to accountin8 ¢Stimat aTe reco8nised in th¢ period in which th¢ esiimat¢ is r¢vis¢d if th¢ revision affects only that Peri. or in the period of the revision and futhre periods if the revision aff¢cts current and future perifyjs. The key assumptions and other sources of estimation uncertainty thv4t have a significant effect of causin8 adjustments to the carrying amounts of lssets are as follows.. - The amounis held in accruals for grants authorlsed but not yet paid are included on the assumption that they will be paid in th¢ following year. It is po&sible that the grant Can be withdrawn or the amount du¢ to be paid ¢ould increase or decrease. Page 15 continued...
The Multiple S¢l¢rwl• R•seArth And Relief Fumd Nol£s ¢0 the FiDantial Ststrmettts- continlled for tbe Y¢4r Ended 31 21ll4 DONATIONS AND LEGACIES 21J24 2023 Donatis)ns Gift aid Legacies 33,576 2,387 466.514 35.444 2,404 884,335 502.477 922.183 2024 2023 Fundrnising evenls 10,249 10,Ir2 INVESTMENT INCOME 2024 2023 Other fixed asset invest- Fll DeFK)sit account intere 74,340 4,868 70,033 1,747 79,208 71,780 INCOME FROM CHARITABLE AcfMTIES 2024 2023 Joseph StronB Fraz¢rTrust Grants Drnpers Charitsble Fund Grants Barbour Foundation fjrants 3,000 Page 16 continued...
The Multiple Srkrosis Research And R¢llef Fund Noles to Ibe Fiminelal St#l¢m¢Ats- eontinmed for the Yevdr Ended 31 Marth 2024 RAISING FUNDS RAlslnE doMIIon8 sod kgxcios 2024 20LI Staff costs Fundraising 13,511 3.561 3,563 17.072 3.563 Investmeut mamae¢menl ¢08ts 2024 2023 Portfolio management 16,909 16,633 Awe8at¢ amounts 33,981 20,196 CHARITABLE ACTMfIES COSTS GrwDt fuDd•Dg of Acthiltles (8¢¢ Dote 9) Support eos¢8 (see note 10) Direet Tots Manag¢m¢nt WMI administration GrAnts Admin & running costs Governance costs 320,060 320.060 28.979 199,315 14J77 28.979 70,447 128,868 14,377 390,507 28.979 143.245 562.731 Page 17 continued...
The Muhipie Stleyosis ReSe¢b And R¢llef FuAd Notss to tbt Fina•cial SL9*ments- ¢onthiued for th¢ Yur Ended 31 Mareh 2024 GRANTS PAYABLE 2024 2023 Grants 28,979 24,545 io. SUPPORT COSTS GoverRance Other Totab Admin & running costs Governanc¢ costs 128.868 128,868 14377 14J77 128.868 14.377 143,245 Support ¢osts, included in the abov4 are as follows: Other 2024 Admln & 2023 runniig Totsl 38.795 2.825 3,366 2.395 4,581 1.136 494 61 1,486 19.090 5,438 633 232 50 226 29.503 18,557 47J59 2.591 1,427 2J82 3,147 2361 497 Pensions R¢i)t and rates Insurance Light and heat Telephone Postsge and ststionery Sundries Trainin8 Repairs and maintenanc¢ Cs)ntracts Computer eXn Travel ¢xpetues Cost of TStees, meetings Bank charges Irrecovmble VAT Depreeiation of tangible fixed assets 3,967 3,588 307 179 73 226 45.963 19.738 128,868 133,871 Page 18 continued...
The Multie Sden)sis Resexrth And RellefFuDd Notes to Ihe FiDaneial Stats- ¢o•ti*ued for the Year Ended 31 March 2024 io. SUPPORT cosrs- eoAtinued Governan¢e ¢ts 2024 2•23 Total Actlvllles GovernaDCt Legal and professional fees Accountsncy fees 4.991 9J86 3.143 8J51 1077 14,377 13565 11. NET INCOMKI(EXPENDlTURE) Net incomel(¢xpenditure) is slated after ¢hargingl(ttedilithg)." Depreciation- owned assets 18.557 19.738 12. TRusfEES' REMUNERATION Al BENEFFTS There were tN) trnstees, rwiun¢ralion or other Lxncfits for Ihe yearende4131 March 2024 nor for the Y ended 31 Mah 2023. Trustees, expenses Expenses paid to tee$ for the year end¢d 31 Mar¢h 2024 W¢T¢ £106 (in 2023 they were £242). 13. STAFF COSTS 2024 Wages and 5alaTies Other pension costs 120.517 2,825 111,461 2,591 123,342 114,052 The average monthly numbEr of employees during theycar was as follows: 2ty24 2023 No employees received emoluments in ex5 of £6QOOO. Page 19 ntinu¢d...
The Mmltipk Sderosis RtstAfth And Relief Fu•d Notes to the Sthtrments- eontlllued for the Year Ended 31 Marcb 2024 I& TANGIBLE FIXED A&SEV6 Improvements Fixthreg to property Freehold property fittirt Totalj COST OR VALUATION At l April 2023 Revaluations Reclassification 667,590 (107.973) 125J83 125,383 82,339 875,312 (107.973) {125,383) At 31 March 2024 685,01)O 82,339 767.339 DEPRECIATION At l April 2023 Charge for year Revaluation adjustments RlasSIficatIon 227.035 17,712 (329.215) 84.468 84.468 79,181 390,684 18,557 {329,215> (84,468) Al 31 Mar¢h 2024 80,026 80.026 BOOK VALifE At 3 l March 2024 685,000 2,313 687,313 At 31 March 2023 440,555 40,915 3,158 484,628 C05t or valuation at 31 Marth 2024 is r¢pres¢nl¢d by: Flxl• Freehold proprty rittlog Total8 Valuation in 2024 (107,973) 792,973 {107,973) 875J12 82339 685.000 82J39 767J39 The Charity had its freehold w>p¢rti¢s valued by ILA Jackson & Son LLP on the 18th April 2024. The properties valuations ar¢ Benmar House £345,000 Énd South Side HOfe ai £340.000. The change in carying value was processed in thc accounts w nolr 18. Page 20 continud..
The Multipk Seler05i$ Rueareh And Rellef Fund Notes kn tbe Finanefial Ststemettts- contlnued for the Year Ellded 31 Mar¢h 2024 13, FIXED ASSET INVESTMEwrs IDvestn)ents A¢ l April 2023 Additions Disposals 2,015,871 609.036 {476563) At 31 fknh 2024 2.14&344 PROVISIONS At l April 2023 Revaluation adjustmenis (197,989) (121,497) At 31 Erfa 2024 (319,486) NET BOOK VALUE At31 Mah 2024 2,467,830 At 31 Mar¢h 2023 2.213.860 There were JK) investment assets outside the UK. Cost or valuation at 31 March 2024 is represented by". Listed lllve8tments Valuation in 2024 2.148.344 Th¢ r¢valuations of the investments aTe iTrlin¢ with th¢ Inv¢5tm¢ni Managers, market value hssessments of the investsnents as at 31st March 2024. Pa8e21 ¢ontinued...
Tht S¢lerosis Research Aod Relitf Fund Nots th Iht w1nax1 St*temtDts- eoDtinued ror the Yetr E•d¢d 31 Mareh 2024 I& DEBTORS: AMOUNTS FALLING DUE WITH 014E YEAR 2024 2023 Prepayments and accrued income 9,762 5.832 17. CREDnORS: AMOUNTS FALLING DUE wrrHIN ONE YEAR 2•24 Social security and oth¢r tsx¢s VAT wag¢s and pension A¢¢n expenses 3,444 372 ,152 23,527 2.503 3T2 9,600 28,495 13.465 18. mOVEL¥lE IN FUNDS Net movem¢nt In funds Al 3113124 Al 114123 UnMtri¢¢¢d fund• General fijnd Property Revaluaiions Reserve 3,244,509 126,817 221.242 3,371,326 221242 3.244.5Q9 348,059 3,592,568 Restrleted fullds Speciali$¢d Physioth¢rapy Equipment 68,510 (6,731) 61.779 TOTAL FUNDS 3J13,019 341,328 3.654J47 continued...
The Multiplt Sderosis Research And Relkf Fuxd Notr5 to the Fin*D¢ial St8trm¢nts- toDdDMed for the Yw Ended 31 March 2024 18. MOVEMENT IN FUNDS- eoDtlnu¢d Net mov¢ment in fund& included in the above are as follows: laeomlnt Resollrees Galns and Movement ¢xptnded lomej Unrutricted funds General fund Property Revaluations Reserve 594.934 (589,981) 121.864 221242 126.817 221.242 594,934 {589,981) 343,IC 348,059 Rutrleted fuDds Specialised physiPpY Equipmenl (6,731) (6,731) TOTAL FUNDS 594,934 (596,712) 343,106 341.328 Comparatlvu for mov¢meDt ID fundi Net movement At 3113123 At 114122 UDr¢s¢ri¢t¢d funds G¢neral fund 2.915,787 J28,r22 3.244,509 RtrIe¢¢d ftymds Spe¢ialis¢d Physioth¢rapy Y1Pment 74.590 (6,080) 68,510 TOTAL FUNDS 2.990,377 322,642 3.313.019 Pa8e 23 continued...
The Multiple Sclerosis Research And Relief FuDd Notes to the Financial Statements- cojjtinued for the Year Ended 31 March 2024 18. MOVEMENT IN FUNDS- continued Comparative llPA movement in fimds, included in the above are as follows: Ineoming resourcq8 ReAourees expended Galn8 aDd losses Movement ill funds Unrestrl¢trd fund8 General fund 1,005,145 (579208) (97215) 328.n2 Restri¢t¢d lunds Speciftlised Physiotherapy Equipment (6,080) (6.080) TOTAL FUNDS 1.005,145 {585,288) (97215) 322,642 A current year 12 months and prior year 12 months combined wsition is ag follows: Net tnovement in funds At 3113n4 At 114r£2 unTtrI¢¢ed funds General fund Propwty Revaluations Re5erye 2,915,787 455.539 221242 3,371 J26 221,242 2.915.787 676.781 3.5W68 Restrleted funds Specialised Physiotherapy Equipment 745 (12.811) 61,779 TOTAL FUNDS 2.990J77 663,970 3,654,347 Pag¢ 24 continued...
The Multiple Sderosis Rerekn And RdiefFund Noles lo tbe Fi¢181 Ststtments- contiomed ror the Year Ended 31 2024 I& MOVEMENT IN FUNDS- eotsdDued A currenl year 12 months and prior year 12 months ¢ombined net moVnent in fund4 included in th¢ alxfyve are as follows: Imeomi•E Resour¢e¥ Gains and Movement ezptnded Unrestricted funds General fijnd 1.600.079 (1.169.189) 24,649 221242 455.539 221242 1.600,079 (1.169,189) 245.891 67Q781 Restslcted fundg Spe¢ialised Physiothetapy Equipment (12,811) (11811) TOTAL FUNDS 1.6(Kg.079 (1.182,(KK)) 245,891 663.970 Restsi¢ted Funds Speciali5ed Physiotherapy Equipmenl The Specialised Physiotherapy Equipment fvnd is to further develop the range of services offered to users. 19. IiELATED PARTY DISCLOSiJRES There were no related party transactions for the year ended 31 March 2024. Pagc 25
The Multiple Sclerosis Resear¢k And R¢llef Detslkd Statemettl of Flnanelal Activities for the Year Ended 31 March 2024 2024 DonatiOD$ and legaeies Donations Gift aid Legacies 33,576 2,387 466,514 35,444 2.404 884,335 502,477 922,183 Other trAdiDg aetlviil Fundraising events 10.249 10,182 InveJtJJJent income Other fixed assa invesi- Fll Ikp05it account interest 74.340 4,868 70.033 ,747 79,208 71,780 Cbarftabl¢ a¢dYliles Josq)h Strong Frozer Tnt Dr4r$ Charitabl¢ Fund BaA>our Foundation 1.000 1.000 1.000 1,000 3.000 1,000 Totsl incollbing resource8 594,934 1,005,145 EXPENDITURE Ratslng donailoll8 and ley¢le8 Wa8es Fundraising 13,511 3,561 3,563 17,072 3,563 Investmenl m8nageme•t eosts Portfolio management 16.909 16.633 This page does not forni part of the statutory financial statements Pa 26
The Multiple Selerosij Rerth And RdiefFuDd Del*iled Statement of Fittanciai Aetivili for Ib¢ Year Ended 31 Mareh 2024 2024 2•23 Invtstment ma•agem¢nt Costs Cb¥tritable gctivitics Wa8es Rent and rates Insurance Ligh¢ heat and water Telephone PrinL postage and srattoncry Sundries SeTvice User Repairs and mainienAn¢e Computsr costs ContrA¢ts Travel expen5 Cost of Trustee's meelin8S Refreshments and ent¢rtainin8 Therapist fees Voice MS Souihside House Grants to individuals 68.211 7.854 5,588 18,323 2.650 .693 548 4,035 65.676 5.698 17,734 1,403 64,102 3,329 5.558 12,590 5,508 1.306 596 2,986 10.028 2,763 12.834 1.148 170 466 101,230 49 168,448 24,545 687 181,356 39 8.896 28,979 419,486 417,656 Support eojts Other Wages Pen$ion$ Rent and rates Insurance Li8ht and heAi Telephone Posts8e and slationery Sundries Trninin8 R¢pairs and mAint¢nAnce Contracts Computer expenses Trnvel expertses Cost of Trust¢vJ' m¢¢tin8S Carried forward 38,795 2,825 3,366 2,395 4,581 1,136 494 61 47,359 2,591 1,427 2,382 3,147 2.361 497 19.090 5.438 633 232 50 80,5f2 3.967 3.588 307 73 67,944 This FM8c does not fonn part of the statutory financial 5tst¢rnts Page 27
The Multiple Sclerosis Re5¢arch Alld Relief Fund Dethiled St*temeAt ofFiRgnei&l Activities for the Year Ended 31 Mareb 2024 2024 2023 Other Brought fotvArd Bank charges Irrecoverable VAT Depreciation of tsngible fixed as5et5 80.582 226 29.503 18,557 67,944 226 45,963 19,738 128,868 133,871 Governance eosts Legal and professional fees Accountancy fe¢5 4,991 9.386 3.143 8,351 1071 14J77 13,565 Total resources expend¢d 596,712 585.288 Net (expendithre)fuwbme before gains and (1.778) 419,857 Realised reewtsed gAlns alld losses Realysed gainsl(loss¢s) on fixd a55¢t investments 121,864 (97215) Net in¢ome 120.086 322,642 This page does not forni part of the statutory financial statements Page 28
Impact Report 2023- 2024 MS Research & Rellef Fund Supportlng people affected by Multlple Sclerosls
ToililL' C)f Lc)IitL'lIt Contents Chairman's Report Objectives and Activities Refer and AdmirAstrative Details Service Provision Review The Sprin8 rVeY AppWJintntsAttended 10 Sth Side House Oevelopment The AlterG Trial Volunteers & FrierKts of MSRRF Grant Repcrt 14 Grant Awards 15 Furnlrasing Rew)rt 16 MthetingReport 19 LegacEs Report Finance Rerx)rt 23 Finance Revray 25 (kjr 2025 Goals 26 End
Lliuiriiiuii's 12L'I)c)rl The past year has seen the Charity continue its recovery from the ravages of the pandemic. and thankfully we are now pretty much back to pre Covid operating levels. Careful and frugal management of the day to day running of the Charity have contributed greatly to helping preserve the future of MSRRF, and we are now very much looking forward. rather than treading water, Most Staff vacancies have now been filled, and new employees and self employed staff are settling in nicely. We are once again becoming a team and doubts about the future are a thing of the past. As always, I cannot praise our staff enough for their dedication and professionalism, particularly during the period when Covid was affecting so much. Turning to the Trustees of MSRRF, Margery Tate retired during the year. and will be a big miss, we are all grateful for her effort5 and contribution5 over the years. I would also like to welcome Nicola Young to the board of trustees, who brings years of HR experience to our team and l am sure will become a valuable member. Southside House is now the physiotherapy centre we planned it to be and 15 to be renamed the Pashler Centre in honour of the family whose kind bequest provided us with the funds to undertake the project. It has already become very popular with our service users and is a major contributor to our range of services. l)(Iiil . 11 kiii4iC)11 We continue to look closely at approaches relating to outreach projects, all of which are individually assessed, and if found to be practical and economically viable, will then be approved.
C)I)jL'Ltil;L'.4 uiid ,ILtii;itlL'4i• MS Research and Relief Fund IMSRRF) is a UK registered charity established in 1964 to provide a range of services to people whose lives have been affected by Multiple Sclerosis IMS). CIIARII Isiop OUR VISION Robert Walkér founded Multtpll. Scli '. Research and Rellef Fund in 19b4. 115 work Pf Inclpally Involved fur)dln£ research Into MS and providin8 specialist equlprnent fof people wlth MS. To actively involve all people in improving the quality of life of people affected by Multiple Sc(erosi5. In 2005 MS Master Cenrres,"a slstef charlty". was "wound up" and Its asseis. SeIceS and resPobilltSes were transferred io MSRRF. In JddStlon, the Ch4rFty'5 grant servlce, whlth awards flThanclal ass&stance to help people offected by MS ta pay lof services and equlpne they requlre due to MS, was also expanded. and contiTrue5 to th15 day. OUR MISSION In September 2006. In consultat1 wlth Servlce Users, MSRRF'S Development Plan was created. The alm of the Development Plan was to incre Compl•m•ntsry Therapy and Fltness provlslon at Benmar House. Morpeth and ro ideniify other ouireach venues whkh may enable the Charlty to provlde 5imllar servlces for people with MS throughout the North East of England. Working with Service Users to make the best possible use of funds entrusted to us towards improving the quality of life of people affected by Multiple Sclerosi5, and by researching potential advancements in our knowledge and treatment of the condition. DurlnE flnantlal year 2016117, followln£ an evaluation of service5 and a staff review, work began oft a Sep4ice Development and Fundralslnz Plan. TnJsiee5 ideniilled Ihe need for a rellable and Sustsinabie income stream to malntabn MSRRF'S existin8 servlce provision as well as trnsure the Charity's contlnued growth. MSRRF purchased South Slde House In July 2017, wor* has progressed on zalnlng pLannln£ pèrmlsslon for a PhysItter8pY Cenire. with the redevelopmeni commtnclng in Oct¢)ber 2019, servlce user trials completed In 2024 and offlcial openlng 5¢heduled lor 2025. OUR VALUES Good and responsible stewardship. Transparency across the board. Participation across the board. Treatlng everyone equalty as individuals. Honesty. Mutual trusL DurlnÉ thls flnanclal ye MSRRF were able to add m¢¥¢ to thèlr seprflcé Pfovislofts and take the first steps to fully utilisin8 the new physiorherapy centr Iiifr
RL'fL'I"L'IILL' aiicl ,,ILliiiiiiis1i"ulii'L' DL'lail*•i Charity Name The Multlple Sclerosls Research and Rellef Fund Registered charity number 228634 Head office address The Multiple Scler05is Research and Relief Fund, Benmar House, Choppington Road. Morpeth Northumberland NE61 2HX Telephone 01670 505 829 Fax: 0191247 5816 Web: wvrn.msrrf.org.uk E-mail: info@msrrf.org.uk Contact details Paul Atkinson, Chairman Margaret Sharp Kevin Carr Barbara Ellis Peter Dawson Nicola Youn8 Trustees Changes to note Margery Tate retired from the board on November 16th 2023 Nicola Young signed onto the board on November 16th 2023 Or Martin Duddy Dr Joe Guadagno Mr John Pryce Jones Mrs Anne Wafula Strike MBE Mrs Marjorie Walker Mr Derek Wright Patron5
RL'fL'I"L'IILL' aiicl ,,ILliiiiiiis1i"ulii'L' DL'lail*•i Blythe, Gilllan Appointments Coordinator Charlton, Diane Charity Manager Davldson, Deborah PtT Fitness and Therapist Team Lead Dunn, Amy Assistant Manager Dunn, Wendy PIT Housekeeper Earl•, Rebecca PIT Fundraising and Marketing Employed staff Mather, Gemma left employment in September 2023 Earle. Rebecca PIT joined 0210912023 5torey, Wendy PIT joined 1910212024 Staff changes Barker, Jonathan Fitness Instructor Dickinson, Margaret Therapist Howe, MSchelle Therapist King, Beryl Therapist, Stress Management Instructor Lucyi Paula Therapist and Fitness Instructor McGorrell, Lee Therapist and Fitness Instructor McKayi Adam PIT Self Employed Physiotherapist Phllipson, Carol Therapist Ross-Knl8ht. Joanna Therapist and Fitness Instructor Taylor, Chrlstlne Therapist Twaltes. Hayley Therapist Hastlngs, Sophie Fitness Instructor Unwln, Sarah Fitness Instructor Urwln, Sue Fitness Instructor Wallace. Stephanle Fiiness Instructor Self-employed Staff Volunteers Dowson, Sue Patron Liaison Officer Marshall, John Therapist
RL'f i'rL'IILL' L]IicI , ILliiiiiii4lrcilii'L DL'lail Contracted staff Davldson, John Red Hill - IT Consultant C)Lil rLULlI SLrN'iLL I)I"()I;j44ij()11 Belmont Parish Hall Wood. Elalne- Self Employed - Fitness Instructor L•ad8ate Communlty Centre Unwln, Sarah - Self Employed - Fitness Instructor Charles Young Centre Farham, Dav• Volunteer Facilitator- Retired staff member Walkergate Park Dickinson, Margar•t- Self Employed- Complementary Therapist
L'fi'iLL' I)rc)I:i4iiiC)1112L'I'iL'II: This year MS Research and Relief Fund have streamlined it's provision, offering circuit fitness, mat and chair based yoga, mat and chair based pilates and we have continued to offer relaxation and seated exercise classes. The charity are delighted to welcome back fitness Instructor Sophie Hastings, who will be providing a fall prevention course in the new financial year. The charity continues to provide a number of free services across two main sites and at a small number of outreach locations. ' CURRENT SERVICES. GOING DIGtTAL Fltness Seated Exercise l-l Personal Training Functional Fitness Trainlng Motorned Bikes Spin Cycles Vibrogym Toning Chalrs INTRODUCING TM3 In February 2024 the chaTlty embarked on movlnl from a completely papef based system to c11 appolnlment booking. In the sevefal weeks Ihat followed the team went through au of the files on site and created an up to date and Comprehen¥ datsb45e of sefvlce users, Th1• was spllt into those WI were acttve usefs withln the last 24 monrhs and thos¢ wl)o the charity havenl seen prtrDecembef 2021 Complementary Theraples Sports Massage Swedish Massage Reikl Reflexology Indian Head Massage In workin8 thfough ihlj Ilst It Is hoped that the charlty Is able io bfln8 numbers back up to ¢ovk1 leveb. As part of the new digital 5yStem staff wlll reulve trwnin8 on how to use the 'practitionerf part ol the TM3 5ySt¢m so they can rnovo away from Per based recording, Classes Mat based Yoga Chair based Yoga Mat based Pilates Chair based Pilates Seated Exercise Fall Prevention Relaxation Circuit Training All of our aciive service users wlll be Inpurred Into the TM3 appoSntmeDt system. ThFs means they will zet appointmenl remlnder5 vla text and emall on booing and 24 hours before thdr appointmenL ID the comlng rnonths the goal Is to have every service usef assessed by our physiotheraplst and placed onto a plan. Once we have SCeSsfullY rnoved to uslnt TM3 ihen we wlll be looklnR to add online'book y¢yJr own appointment, options on our webslie for some senlkes, Outreach Leadgate has seated exerclse on a Monday. Walkergate Park has therapie5 all day on a Tuesday. Belmont has seated exercise Monday and Friday. Iiifr
TIIL. %i)I"iiiLJ %urN'L'y We continuously review our services to ensure we work in line with the charity vision, mission and goals. With that in mind we asked service users to give u5 feedback on a number of areas during our 2024 Spring survey. How do you access the services ai MSRRF? HERES WHAT PEOPLE TOLD US AS ACARER AS A PERSON WITH MS Lot's of you told us how friendly, supportive, and welcoming the 1 staff are, highlighting their Posltive interactions and helpfulness. +++ +++++++ 11
Many of you love the variety of things MSRRF offers, like gym ij sessions. classes, and different therapies like reflexology and massages.
What services do you access at MSRRP You appreciate how MSRRF tailors thin8SjUSt for you, I whether it'5 one-on-one gym sessions or personalised therapies that fit your needs.
You'd like more opportunlties to fundraise and more events outside of appointments. Plus social classes like art and pottery. ,//// l)Cll'L' I)i'L'ii iisji)11 IIL'I)iiicir I Ic)ii4L' I c)r iiii)rL' I liuii l() I'L'uf4i Liiiil IIui-L' I c)iiiicl I liL' LlIK'fiL'nc'L' Ic) l)( IIIL. l)c'NI IIIL'LIic iiiL'. SeNlces Offered Appointmeni 8ookln£
Jlppc)iiiliiiLllt4i AIILiidL,d Exercise Classe5 899 '20.7/ Increase on appolntments from the prevlous year Theraples 3156 Gym 2557 6612 total number of appointments between Y04123 and Y03R024 Date range 110412023 to 110312024 Outreach and Partnership Servlces MS Research and Relief Fund continue to supportlprovide outreach services at Belmont Parish Hall, Durham and The Charles Young Centre, South Shields. We are also excited to report that we have been able to secure the serdlces of a fully qualified personal trainer who is able to facilitate and promote the entire service at Leadgate Community Centre in County Durham. Alongside this we have also been able to resume services at Walkergate Park Hospital. We are happy to report that the MS Nurse continues to run a clinic for people with MS in Northumberland at Benmar House in Morpeth on the third Friday of each month. Group S•rvlce Provlslon MS Research and Relief Fund have contlnued to offer established groups the opportunity to access fitness and therapy services over the space of a morning or afternoon, MS Active, an established group from Easington successfully piloted these services and have continued to access the provision through outside grant funding to cover transport Costs. People with MS are able to aGces5 free services in a cost effective and inclusive way. Iiifr
%ouili %idL I IoLlf*)L l)ci;LIc)PlllLlIt The journey to establish our Physiotherapy Centre and incorporate the AlterG Anti- Gravity Treadmill has been ongoing for several years but this financial term has seen us make considerable progress. P'A S M L E It C E 1 • * Ji MSRRF continues to research the benefits of I its service proviston on people with MS and their caregivers. The new physiotherapy centre will enhance the Charities research opportunities and is in keeping with the outcomes of past partnership research findings. MSRRF continue to be extremely interested in supporting research opportunities when its limited funds allow. Following the arrlval of the AlterG Anti-Gravity Treadmill In April 2023, we commenced the trial phase with our first servlce users bookings in September 2023. •• In October 2023, the Physiotherapy Centre togo was finalised and we began the recruitment proces5 to add further members of self employed staff when funding allowed. Additionally, in January 2024, Adam joined as a self employed physiotherapist, bringing invaluable expertise to our team two days per week and we look forward to Adam enabling the Charity to work in partnership with physiotherapy and health professionals. Iiifr
I"IIL' AIIL'rC, TI'ILII In 2023, we launched the AlterG trial to explore how cutiing-edge rehabilitation technology could help people with multiple sclerosis IMSI. This project aimed to improve both the physical and psychological well-being of individuals with MS. The trial ran in October 2023, With 15 participants who had varying degrees of mobility challenges due to ftIS. Each panicipant attended Weekly sessions for fotsr weeks with a pre and post assessment. uslng ihe AlterG. KEY RESULTS ,
Improved Walklng Galt: 12 out of IS particlpants experienced better walkin& including longer strides and more balanced movements.
Enhanced Moblllty and Posture: Many participants reported improved posture and balance, leading to more confidence in daily activlties.
Better Balance and Coordination: 7 participants showed noticeable improvement in balance and coordination, making their movements more fluid.
"I Improved Pelvlc Floor Functlon: 3 participants reported better urinary controL which boosted their quality of life.
Enhanced Mentsl Well-belnz: 9 participants felt more confident anij experienced an improved mindset, with a better sense of normality in their daily lives. Iiifr
Vc)ILiiIIL'L'I'&i uiid friL'iid4i C)r NisRi2r MSRRF has a number of volunteers and friends who have worked with the Charity for several years, we appreciate all that they do and the impact their work has on the Charity, further details are provided below. Susan Dowson continues to be Our liaison with the Charity'5 Patfons John Marshall has been volunteering for over 20 years and provides theraples to service users every Tuesday at Benmar House Julie Office continues to volunteer to help at MSRRF'S Annual Golf Day Thank you to all the sell. employed staff and Trust•es ho volunteered their time to help support our fundraislng events and efforts. CORPORATE INVOLVEMENT We are extremely grateful to The Bazaar Group who have continued to support our annuat golf day fundratsing event and also provide a monthly monetary donation and we thank Printed.com for the printing of promotional and fundraising materials at either no cost or a reduced rate to MSRRF. BAZAAR GROUP printed.com In the coming year we hope to attract further corporate involvement with the implementation of e-marketing and atso our updated website. Fundraising brochures have been designed and created by the charity and we hope alongside networking opportunities this will spread the word nationally about MSRRF and attract a range of donors and sponsors.
Ciruiil 12L'[)c)rt Nationally MS Research and Relief Fund offer grants for aids, adaptations, equipment and services to people affected by MS. INDIVIDUAL GRANT APPLICATIONS Aid5 and Adaptations Resplt• 11 Other Other 2580 In financial year April 1st 2023 - March 31st 2024 the Charity received 35 grant applications. MSRRF offer'top up, grants for aids and adaptations, equipment, and respite care to people affected by MS throughout the United Kingdom, helping people from Penzance to John O'Groats. The table below provides the amounts of financial assistance allocated for each of the three funding categories. Of the 35 grant applications received, 6 were declined as they did not meet our grants criteria, and 5 applications were withdrawn by applicants. Respiie 3765 Alds and Adaptations 23634 Nationally MSRRF are one of very few charities that offer grants assistance specifically for people with MS. Despite our limited fund5 we have been able to meet the needs of a number of applicants this year however going forward we want to increase our support and reach even more people that apply to us. Alds and Adaptatlons E23.034,00 Resplte £3765.00 Other E2580.00 T¢Xal £29,979.00 66 Tour knndntw159s not ordy n¢ a crucd but it h&g 81so brnught a nse of hoFe ld £SUranCe duringaLFwllewg till. I CUt th8nk MSRRF crK)ugh for PXiiiVO irn your8ssl&t8we h&g hAd and I dp]Y appreLwte y(xi dd'Gqtion to h8lpWjgth witl) M 99 9I111fr
CifLllIt Aii;LifLI MSRRF offers grants to top-up other grant awards from likeminded charities or local government funding so as such, awards may not cover the full cost requested. Applications can be submitted by individuals with MS, partners, carers, family members or advocates in the UK. Alds and AdaptatFons Aldsand Id11100ns 26 A*Wt• A Oth•r Resp¢te Other t• Total 35 GRANT AWARDS Aldi ¢ldaptstths 26 Recent grant awards have helped people in a wide range of ways not just in the purchase of necessary items. Through equipment purchases and a5SiStance with mobility vehicles IJSRRF have enabled people to continue their employment. Grants have helped people continue to live in their family homes with the grant being put towards stair lifts and wet rooms. Grant provision allows people to live independent lives with items such as mobility Scooters, rise and recliner chairs and eating aids.
uiidrai4iiiq RLI)c)rt Over the past year MSRRF have continued to benefit from a number of key online platfoms and 'in aid of events,. Gcant and project funding has also featured this year. Just Giving continues to be the chaflty's most successful online giving platform with a total of £6966 received during the financial year 2023-2024. Much of the money donated is via fundraising pages set up by people for event sponsorship or monthly donations. 1000 800 ONLINE FUNDRAISING PLATFORMS 600 400 200 Total for this financial year ,966.59 Previous financial year Platform change Jusi Giviiig 6,282.12 own 133% I I,... enevty •0.1 19:9L. Memory Giving 51.75 Z . 131% PayPal Giving 182.50 '.34.28 lio% 1 167a2 I 25% anp(oleCt Fundlng iJOOO
riiiidruisiii(J 12L'[)c)rt The charity has been fortunate to have several supporters who have raised significant funding throu8h in-aid-of events. 'IN AID OF EVENTS. LukL' I)us' Judith & Peter Dawsons Annual Cake Day MS Research and Rellef Fund are incredibly grateful again this year to the Dawson family for their hard work and fundraising effort which this year has raised £1298 for the Charity. '3 [)L'uk LliullL'll(JL' Tatiana and Dorothy. friends of servlce user Lisa Kidd, took part in the 3 peak challenge, ralsing over £2500 for the charity. Ic)nlanL 4ummL"r %piiic LhullL'nci Iliiiiiiul (IC)11-I)ciy 2023 saw our Annual Charity golf day being held at Arcot Hatl, Cramlington for the eighth con5ecutlve year. the event raised a profit of £1566.91 for the Charity. LifL'uI Nc)rlli12un Once again, the Charity benefitted enormously from all who took part on our behalf in the Great North Run, A special well done to our very own assistant manager Amy Dunn, who. encouraged by her brother Nick Dunn completed the run for the very first time. MSRRF had 11 runners, who raised £4889.61
rLiiidi"Ui4iillCI12L'V)c)rl SPECIAL THANKS Thank you to one of our service users (who wishes to remain anonymous) who kindly fundraised within her family and friends, raising £1750 for the charity. 8ob and Barbara for th r continued support. Philllppa Webb, for wavln8 her consultlnE fees of Q500 durin£ the plannin£ phase of South Side House. I"Iiuiik )'()11 To the family and friend5 who donated in memory of loved ones, the Charity would like to offer our sincere condolences and gratitude at such a Sad time. To those that support the charity with raffle donations and those that give up their time to 5UPPOrt the charity in many other ways. INCOMING GRANTS The Barbour Foundatlon for the £IOOO donation toward the Sara Steady. The Joseph Strong Frazer Trust for the £IOOO donation. The Drap•rs Company for the £IOOO donation.
lui"kL'I iiicj RL'[)C)I"t MSRRF are continuing to drive awareness through their social media p4es on Facebook and Instagram alongside building B2B connections via Linkedln. Brand guidelines have also been created alongside a new website which can now collect trsubscribers and send newsletters. The combination of which is hoped will build a large social following that can be used to gain grants. sponsorship and open doors for new funding opportunities. FACEPOOK AUDIENCE 91 I ..c." J I 4x1 J4 16 t 75 t4% 17g•p a•0 831 TOP REACH PY CONTENT 11.p 11 Ori*p 9> I.. •y) •io
lui"kL'I iiicj RL'[)C)I"t INSTAGRAM AUDIENCE 617 t*)x 26- xw) l Kl• lQ3) . 1 •• 1•14 T•1 617 ? ioox 617 Frtm•d• 17 S•p TOP REACH PY CONTENT OJ T•p¢t•tl•Ith A •t o A Iv • QSOP •p151 12•
NILlI'kLtillLJ RLPC)I'I FACEPOOK CONTENT REACH 9.2K . 2.5K s3 2.1K 15h 11m 4 Y••4 157 1 147% 431 1 10 MS R•••4reh •nd R•ll•f Fund Septemb•r Nowsl•tt•r Wh•1 b••n yp lth.. MS Research & Rellef Fund Supportlnz p•opl¢ affected by Mul¢lpl• S¢l•ros www.msrrf.org.uk infoQmsrrf.org.uk
.LCJULiL.s 12L[)c)rl Legacies form a large part of our income and help us carry out our work supporting people affected by MS and their carers. We receive no statutory fundin& so rely entirely on fundraisin& grant funding and donations. MS Research and Relief Fund will continue to have a positive impact on the lives of people affected by MS due to the generosity of all benefactors who have willed legacies or made donations during this financial year. MS Research and Relief Fund has received a total of £510,334 and will continue to provide support and improve the quality of life of people with multiple sclerosis. Le8acles lll Donations Fundralslng Donatlons 33571 Le8acles £466,514.00 Oonatlons £33,57LOO Fundraisln8 £10249.00 Total £510.334.00 Legacles 466514 It is hoped with the new website and literature available on legacies that the charity will be able to raise awareness of this avenue of donation on a wider scale. Our state of the art physiotherapy centre was made possible thanks to a substantial legacy received in 2017. South Side House will officially open as the Pashler Physiotherapy Centre in 2025. This has been the foundation for our charity to begin the move toward becoming a physiotherapy led service. 202212023 2023R024 % Change Legacies £884,334.50 £466,514.00 V47% DonatDons £35,447,00 £33,5n,00 FurKlfai5in8 £10,182.00 £10249 Total £929,963.50 £510,334,00 V45%
F.'illUllLL IIL'[)c)rt '?()f? 3 1'?()'?4 INCOME 202212023 202312024 % Chan8e Investments £70,033.00 £74,340.00 Legacies £884.334.50 £466.514.00 V4ry4 Donatlons £35,447.00 £33,5n.00 V5% Fundralsln UO.182.00 E10249.00 0.6% knierest Recelved £1.747.00 £4,868.00 178% Grant Income £i.ooo.oo £3.000.00 Glft Ald £2,404,00 E2,387.00 0.7% Investments Le8acles D¢natlon5 11 Fundrai5in8 Interést Recltv•d l il'ant Income 11 Glft Ald
F.'illUllLL IIL'[)c)rt '?()f? 3 1'?()'?4 EYPENDITURE 202212023 202312024 Chang• Therapy Costs £101230.00 £181,356.00 A79% Cost of generating funds £3.563,00 £3,561.00 V 0.6% Staff Costs £U4.05100 £W.34100 A8YJ Operaiional runnlng costs El84,812.00 £199,315.00 A8% Therapy Cos C05¢ of 8eneratiTrg fvnds Staff Costs Opefatlonal running costs
iiiaiice RLI'ieii; During the year ended 31st March 2024 the net assets of the Multiple Sclerosis Research and Relief Fund increased by £341.328 from £3,313,019 to £3.654,347. The company had an increase of net incoming resources of £1,778 and an increase in gains on investments of £121,864. The Balance Sheet of 31st March 2024 continues to show a robust position with net current assets of £499,204. Dlane Charlton, Charlty Manager This year our servlce users accessed This year our operational cos ave gone up Thls year our supporters have raised a fantastic 2557 8/ £1(),24L) Gym Sessions This year our service users accessed Thls year legacies accounted for This year we gave out 3156 78.4/ £'2L),L)7L) In grant fundlng Theraples of total income
Our'202D Goals Growing Awareness As a charlty we want 10 r$8 awareness of how the work we do Impacts people on natlonaL l•v•L Investment In professlonai vldeo8caphy and photography along51de an Increased pre5enc• on soclal medla w51l help drlve th15 and ensure we malntaln a foothold withln the MS communlty. Our goal is to f each more people through soclal medla. local events. and partnershlps. Worklng wlth local Influencers and organlsarions to spread the word about our mlssion and Impact. Funding Partnerships Servlce Provision Growth In 2025. we alrn to strengthen Our fundlng partnershlps to enhance our Impact and reach. CollaboratSng wlth local bu5iness•5. foundatlon5. and other non profitable organlsations wlll help us secure the resources needed to contlnue our work In 2025, we plan to expand wr servlce provlslons with more c14sse5, Includln8 a fall prevpntjon class It15 also hoped that psychothefapy can ba offered •s a servlce. Investlng In equlpment wlil altow th8 chartty to offer more functional fiine55 tralnin& utllisthl both ftoors ol our centr our target is to establish at least two new partnerships that align with our mlssion. Fallln8 wlthln thts wlll be Identlfylng and applylng for grant and funding opportunltles where 5ultable.
Illrf/ MS Research & Relief Fund Supportlnz people affected by Multlpl• Scleroslj ACKNOWLEDGEMENTS We would1Ske to extend Our heartfelt thanks to everyone who has made this year a succes5. To our generous donor5, grant funder4 and legacy supporter5. We are grateful to our dedicated volunteer5 and regular supporters. A speclal thank you to our partners at the Bazaar Group for their voluntary and monetary support Thank you to our staff for thelr commitment and dedication thi5 year. Together, we have been able to offer thousands of free sesslons and classes to support people wlth MS, alongslde a number of grants nationwide, We look forward to contlnuin8 our work In the year ahead. Supporting people with MS P•th Phh8h)Ih•rwtyC411• WWWmsrrfof9*uk info•Msrrfryk North S•ato 14orthwBbwiqnO N£612MX NE6J •Y8