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2025-03-31-accounts

The Ménière's Society

Report and Financial Statements

Year ended 31 March 2025

Page Contents
2 Trustees and Advisors
3 Report of the Trustees
8 Report of the Independent Auditor
11 Statement of Financial Activities
12 Balance Sheet and Cash Flow Statement
13 Notes to the Accounts

The Ménière's Society

Trustees and Advisors

Year ended 31 March 2025

Trustees

Mr David Renton, Chair of Trustees until September 2024 Mrs Pennie Ford, Vice Chair until September 2024; Co-Chair from September 2024 Mr Colin Hughes, Co-Chair from September 2024 Miss Sara Christopher, Treasurer Mr Iain (Spike) Bromley Mrs Carol Evans Mr Colin Hughes Mr Rory MacNeil Dr Isabel Spence Mr Simon Webster

Fund Managers

Sarasin & Partners LLP Juxon House, 100 St Pauls Churchyard, London, EC4M 8BU and CCLA Investment Management Ltd Senator House, 85 Queen Victoria Street, London, EC4V 4ET

Bankers

Lloyds Bank plc 12 High Street, Haslemere, Surrey, GU27 2JG and CAF Bank Ltd 25 Kings Hill Avenue, Kings Hill, West Malling, Kent, ME19 4JG

Auditors

Rock Tax & Accounting Elm House, Tanshire Park, Shackleford Road, Elstead, Surrey GU8 6LB

Accountants

Acquis Limited The Atrium, Curtis Road, Dorking, RH4 1XA

Contact Address

Ménière's Society The Atrium, Curtis Road, Dorking, RH4 1XA

The Ménière’s Society

Report of the Trustees

Year ended 31 March 2025

Preamble

During the year ending March 2025, there was a notable rally across global equity and bond markets, supported by declining inflation and signs of corporate resilience. The Bank of England, began cautiously easing interest rates, contributing to improved investor sentiment and a modest recovery in consumer confidence. However underlying vulnerabilities persisted, including energy inflation, political shifts from election cycles which had some impact across markets. The Society is not alone in the Charity community navigating funding pressure and operational strain.

The Society continued to receive much appreciated legacies and, while sympathising with relatives, we are extremely grateful for those kind remembrances.

The cash position reduced year on year by approximately 4%, due to some decline in subscriptions, donations and fundraising and interest due to the lower investment capital value and some navigation of the year’s inflationary pressures. The financial position however remains in a stable position, and the Trustees are informed at quarterly meetings on income sources and expenditure, to ensure that the financial position remains sound to support operations.

Objectives and Constitution of the Society

The objectives of the Society continue to be to promote care and relief for sufferers from Ménière’s syndrome and related conditions. The Ménière's Society constitution was adopted on 9 July 1987, and it was registered as a charity on 24 July 1987, following which various amendments have been made, most recently on 13 October 2012.

Public Benefit

The objectives of the Charity are as stated above, and the Trustees are pleased to have been able to attract a wide membership and to be able to assist them and others as described. The Trustees have therefore complied with the duty in Section 4 of the Charities Act 2011 to have due regard to the Charity Commission guidance in this respect.

The Ménière’s Society

Report of the Trustees - continued

Year ended 31 March 2025

Activities During the Year

Information Services and Helpline

The Society has continued to provide support for sufferers from Ménière’s syndrome and other vestibular conditions, through the Society’s telephone/email support service. Further support, as well as feedback on the research projects funded, is provided by the annual conference and the publication of the magazine Spin. Membership, at 2,583 on 31 March 2025, is lower than last year (2,645) and the decline is thought to be attributable partly to sustaining some older memberships with the pressure on household budgets, and general inflationary pressure. New members have marginally increased year on year, with new members in 2024/25 at 511, up from 483 in the prior year ending March 2024.

Research

The Society continued to finance research into vestibular conditions and further research is currently being planned. At the end £277,860 was committed from the unrestricted programme and restricted research reserves to full or part-fund the following research projects:

The Ménière’s Society

Report of the Trustees - continued

Year ended 31 March 2025

Management and administration

Plans and Expectations

There are current strong reserves, after excluding the Unrestricted General, or Operational, Reserve, the Society is in a good position to finance and promote further research and to be pro-active in seeking suitable projects that will result in either immediate application or foundation work. The continued development of the Society’s online and social media presence continues to be a priority. The continued revitalization of local support groups is also important.

Over the last couple of years, the Society’s reached out to our members, health professionals and the wider public for comment on a name change. Feedback was collected and a vote took place at a Special General Meeting at the 2025 Conference on 17 May 2025, soon after the year ending March 2025. It was decided to change the name of the Charity to Ménière’s and Vestibular UK.

Financial Review

The Society continues to benefit from very generous bequests (both received and notified but not yet received) which have added to other incomes. The Trustees are extremely grateful to supporters for their continued contributions and, expressing condolences to the bereaved, are very appreciative of mentions in wills. Thanks to such support, the Society is well placed to continue its work and finance further research.

Fundraising

The Society’s fundraising continued to concentrate on building awareness and relationships, as well as the encouragement of individuals and groups to support a broad range of activities from low profile events such as coffee mornings to high profile ones such as the London Marathon. Although not currently a member, the Society follows the guidance of the Fundraising Regulator and, as such, the Society believes it is successful in fostering a responsible fundraising approach.

Governance and Decision Making

The Society is run on behalf of the members by a Board of Trustees who control the activities of the Society and meet at least four times a year. During the year, these meetings were held by video and in-person conferencing.

The Ménière’s Society

Report of the Trustees - continued

Year ended 31 March 2025

Management and administration (continued)

Reserves Policy

The Society’s General Reserve is considered an Operating Reserve (i.e., a nominal fund available only for the operational activities of the Society and not available for research, other special programmes, long term investments etc.). It is set at a minimum target level equal to the Society’s annual Operating Expenditure (as defined by the Society’s approved budget, rounded to the nearest £10,000).

No commitment will be made by the Trustees that would allow the Operating Reserve to fall below the annual Operating Expenditure of the Society.

The Trustees intend that the Society’s unrestricted funds are more than the Operating Reserve be used in driving research and other programmes under the Society’s broader objectives, subject to operational demands. Such funds are referred to as capital funds.

Subject to the above paragraphs, the Society will aim to treat the receipt of “In Memory Of” gifts, legacies, and donations as capital funds.

Restricted funds will be separately identified and only used for the general or specific purpose stated by whoever donated or bequeathed them.

Income or value arising from deposit or investment of the Society’s restricted and unrestricted funds will be added to these funds in proportion to their balances.

Recruitment and Training of Trustees

Potential Trustees are sought from active members of the Society. Trustee training is provided by the Investment Managers and by others operating in the general field of “Charity.”

The Ménière’s Society

Report of the Trustees - continued

Year ended 31 March 2025

Management and administration (continued)

Trustees’ Responsibilities

The Charities Act 2011 requires the Trustees to prepare financial statements for each financial year which give a true and fair view of the state of the affairs of the Society and of the surplus or deficit of the Society for that year. In preparing those financial statements the Trustees are required to:

The Trustees are also responsible for keeping proper accounting records that disclose with reasonable accuracy at any time the financial position of the Society and for ensuring that the financial statements comply with the Charities Act 2011. They are also responsible for safeguarding the assets of the Society and thus for taking reasonable steps for the prevention and detection of fraud and other irregularities.

Safeguarding

The Ménière’s Society recognises the importance of safeguarding to ensure anyone engaged in our work or using our services is safe from harm, abuse, or neglect. The Society has a designated safeguarding lead within the office team and a lead trustee for safeguarding and provides an update at every Trustee meeting. There have been no safeguarding concerns during the year. The Society’s Safeguarding Policy is available on request.

Data Protection

The Society operates within General Data Protection Regulations.

8

Report of the Independent Auditor

To the Trustees of The Ménière’s Society

For the year ended 31 March 2025

Opinion

We have audited the financial statements of The Ménière’s Society ('the Society') for the year ended 31 March 2025 which comprise the Statement of Financial Activities, the Balance Sheet, the Cash Flow Statement and notes to the financial statements, including a summary of significant accounting policies. The financial reporting framework that has been applied in their preparation is applicable law and United Kingdom Accounting Standards (United Kingdom Generally Accepted Accounting Practice).

In our opinion the financial statements:

Basis for opinion

We conducted our audit in accordance with International Standards on Auditing (UK) (ISAs (UK)) and applicable law. Our responsibilities under those standards are further described in the Auditors' responsibilities for the audit of the financial statements section of our report. We are independent of the Society in accordance with the ethical requirements that are relevant to our audit of the financial statements in the UK, including the FRC's Ethical Standard, and we have fulfilled our other ethical responsibilities in accordance with these requirements. We believe that the audit evidence we have obtained is sufficient and appropriate to provide a basis for our opinion.

Conclusions relating to going concern

In auditing the financial statements, we have concluded that the Trustees' use of the going concern basis of accounting in the preparation of the financial statements is appropriate.

Based on the work we have performed, we have not identified any material uncertainties relating to events or conditions that, individually or collectively, may cast significant doubt on the Society's ability to continue as a going concern for a period of at least twelve months from when the financial statements are authorised for issue.

Our responsibilities and the responsibilities of the Trustees with respect to going concern are described in the relevant sections of this report.

Other information

The Trustees are responsible for the other information. The other information comprises the information included in the Annual Report, other than the financial statements and our Report of the Independent Auditors thereon.

Our opinion on the financial statements does not cover the other information and, except to the extent otherwise explicitly stated in our report, we do not express any form of assurance conclusion thereon.

9

Report of the Independent Auditor

To the Trustees of The Ménière’s Society

For the year ended 31 March 2025 - continued

In connection with our audit of the financial statements, our responsibility is to read the other information and, in doing so, consider whether the other information is materially inconsistent with the financial statements or our knowledge obtained in the audit or otherwise appears to be materially misstated. If we identify such material inconsistencies or apparent material misstatements, we are required to determine whether this gives rise to a material misstatement in the financial statements themselves. If, based on the work we have performed, we conclude that there is a material misstatement of this other information, we are required to report that fact. We have nothing to report in this regard.

Opinions on other matters prescribed by the Charities Act 2011

In our opinion, based on the work undertaken in the course of the audit:

Matters on which we are required to report by exception

In the light of the knowledge and understanding of the Society and its environment obtained in the course of the audit, we have not identified material misstatements in the Report of the Trustees.

We have nothing to report in respect of the following matters where the Charities Act 2011 requires us to report to you if, in our opinion:

Responsibilities of Trustees

As explained more fully in the Statement of Trustees' Responsibilities, the Trustees are responsible for the preparation of the financial statements and for being satisfied that they give a true and fair view, and for such internal control as the Trustees determine is necessary to enable the preparation of financial statements that are free from material misstatement, whether due to fraud or error.

In preparing the financial statements, the Trustees are responsible for assessing the Society's ability to continue as a going concern, disclosing, as applicable, matters related to going concern and using the going concern basis of accounting unless the Trustees either intend to liquidate the Society or to cease operations, or have no realistic alternative but to do so.

Our responsibilities for the audit of the financial statements

Our objectives are to obtain reasonable assurance about whether the financial statements as a whole are free from material misstatement, whether due to fraud or error, and to issue a Report of the Independent Auditors that includes our opinion. Reasonable assurance is a high level of assurance, but is not a guarantee that an audit conducted in accordance with ISAs (UK) will always detect a material misstatement when it exists. Misstatements can arise from fraud or error and are considered material if, individually or in the aggregate, they could reasonably be expected to influence the economic decisions of users taken on the basis of these financial statements.

10

Report of the Independent Auditor

To the Trustees of The Ménière’s Society

For the year ended 31 March 2025 - continued

The extent to which our procedures are capable of detecting irregularities, including fraud is detailed below:

We design procedures in line with our responsibilities, outlined above, to detect material misstatements in respect of irregularities, including fraud. These procedures include making enquiries of the Trustees and staff of the Society and examining a sample of transactions and balances on a test basis. We review all legacy income in the period and all salary payments, including verification of the existence of all employees. The extent to which our procedures are capable of detecting irregularities, including fraud, is considered to be reasonable in view of our audit work and the evidence describe above.

A further description of our responsibilities for the audit of the financial statements is located on the Financial Reporting Council's website at www.frc.org.uk/auditorsresponsibilities. This description forms part of our Report of the Independent Auditors.

Use of our report

This report is made solely to the Society's Trustees, as a body, in accordance with Sections 44 of the Charites Act 2011. Our audit work has been undertaken so that we might state to the Society's Trustees those matters we are required to state to them in an auditors' report and for no other purpose. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than the Society and the Society's Trustees as a body, for our audit work, for this report, or for the opinions we have formed.

Amit Prasanna (Senior Statutory Auditor)

Rock Tax & Accounting Statutory Auditors and Chartered Accountants Elm House, Tanshire Park Shackleford Road, Elstead Godalming Surrey GU8 6LB Sep 26, 2025 Date: .............................................

11.

The Ménière's Society

Statement of financial activities for year ended 31 March, 2025 Including statement of comprehensive income

Note
Income & Expenditure
Income
Incoming Resources
Membership subscriptions
Grants and corporate sponsorship
Donations & gifts
Legacies
Fund raising activities
Conference
Other goods for sale
Gift Aid tax recovery
Investment income and interest received
2
Total incoming resources
Operating Expenditure
Information service & helpline
SPIN magazine
Conference
Cost of other goods for resale
Salaries
3
Fund raising and publicity
Management and administrative
4
Governance costs (independent audit)
Web site development
Total operating expenses
Net incoming / (outgoing) operating resources
Research expenditure
5
Net incoming / (outgoing) resources
Realised and unrealised (losses)/gains
Transfers between funds
Net movement in funds
Fund balances brought forward
Fund balances carried forward		 Unrestricted
Funds
Restricted
Funds
£
£
56,289
12,586
5,000
31,349
4,629
73,517
1,000
21,179
179
1,405
5,818
16,490
(590)
20,482
1,429
239,115
11,647
20,569
16,636
12,492
2,468
173,012
4,732
203
45,810
3,360
1,654
280,733
203
(41,618)
11,444
6,293
(41,618)
5,151
5,536
384
(36,082)
5,535
728,840
31,192
692,758
36,727
March 31, 2025		 Total Funds
£
56,289
17,586
35,978
74,517
21,358
1,405
5,818
15,900
21,911
250,762
20,569
16,636
12,492
2,468
173,012
4,935
45,810
3,360
1,654
280,936
(30,174)
6,293
(36,467)
5,920
0
(30,547)
760,032
729,485		 Unrestricted
Funds
Restricted
Funds
£
£
58,242
4,220
1,000
31,502
15,749
75,391
26,981
163
1,465
6,944
15,661
2,718
24,974
4,655
245,380
24,285
24,136
10,417
12,313
2,866
160,414
4,371
7,033
42,536
4,020
1,955
263,028
7,033
(17,648)
17,252
177,060
(17,648)
(159,808)
34,968
(2,589)
(155,365)
155,365
(138,045)
(7,032)
866,885
38,224
728,840
31,192
March 31, 2024		 Total Funds
£
58,242
5,220
47,251
75,391
27,144
1,465
6,944
18,379
29,629
269,665
24,136
10,417
12,313
2,866
160,414
11,404
42,536
4,020
1,955
270,061
(396)
177,060
(177,456)
32,379
0
(145,077)
905,109
760,032

12.

The Ménière's Society

Balance Sheet as at 31 March, 2025

----- Start of picture text -----
March 31, 2025 March 31, 2024
£ £ £ £
Fixed Assets
Office equipment & computers 7 1,235 1,845
Investments 8 673,988 721,889
675,223 723,734
Current Assets
Stock of consumable & promotional items 3,448 4,402
Debtors & prepayments 9 25,158 20,113
Bank current accounts & cash 92,326 69,568
Bank deposit accounts 2,265 11,989
Total current assets 123,197 106,072
Current Liabilities: payable in one year
Creditors and accruals 64,716 65,792
HM Revenue & Customs 4,219 3,982
Total current liabilities 10 68,935 69,774
Net Current Assets 54,262 36,298
Net Assets 729,485 760,032
Funds
Unrestricted
General 11 290,000 290,000
Programme 11 402,758 438,840
Restricted
Research 11 5,738 0
West Yorkshire 11 28,602 28,805
Capital project 11 2,387 2,387
Total Funds 729,485 760,032
The notes on pages 12 - 16 form part of these accounts.
The financial statements were approved by the Trustees and authorised for issue on
Colin Hughes (Co-Chair of Trustees) Sara Christopher (Treasurer)
----- End of picture text -----

Cashflow statement for year ended 31 March, 2025

Note
Cashflow from operating activities
13
Cashflow from investing activities
Purchase of fixed assets
7
Disposal of investments
Interest received
Other investment income
Gains on investments
8
Net cash from investing activities
Net increase in cash and cash equivalents
Cash and cash equivalents at beginning of the year
Cash and cash equivalents at end of the year		 2025
£
(56,778)
0
75,000
20,482
1,429
(27,099)
69,812
13,034
81,557
94,591		 2024
£
(769,841)
0
622,500
24,974
4,656
5,083
657,213
(112,628)
194,185
81,557

The Ménière's Society

Notes to the accounts

Year ended 31 March 2025

1. Accounting Policies

Basis of accounting

The accounts have been prepared under the historical cost convention, as modified by the annual revaluation of listed investments to market value, and in accordance with FRS102 applicable accounting standards, the Charities Act 2011 and the Statement of Recommended Practice on Accounting for Charities, SORP 2015. Realised gains or losses on disposal of investments are shown as the difference between the amount at which they were valued at the beginning of the year, or cost if purchased during the year, and sale proceeds.

Funds structure

The funds of the Society are fully unrestricted and expendable except where they result from donations or activities for specified purposes, in which case they are shown as restricted funds. Unless stated otherwise, restricted funds are specified as being for research and are held within the bank balances. The unrestricted fund includes a capital (“programme”) fund, which acts as a reserve and quasi endowment fund, and a general fund, which is the Operating Reserve of the Society.

Investments

Investments are stated at mid-market value at the balance sheet date.

Income

Subscriptions from members, which arrive during the course of the year, are recorded in the Statement of Financial Activities when received. Investment income is taken into the accounts on the basis of the amount receivable during the period. Donations, legacies and grants receivable are accounted for as soon as legal entitlement arises, their amount is known with sufficient reliability and ultimate receipt is reasonably certain. Income from fundraising is allocated to general or restricted funds in accordance with the conditions under which it was raised.

Expenditure and allocation of overhead and support costs

Expenditure is included on an accruals basis and is inclusive of VAT where applicable. Costs are allocated between the funds as appropriate. Where they apply to restricted and unrestricted funds, a reasonable proportion is attributed to each. Rentals applicable to operating leases, where substantially all the benefits and risks of ownership remain with the lessor, are charged in the accounts in a straight line basis over the lease term. Contributions in respect of the company’s defined pension scheme are charged in the year in which they are payable to the scheme.

Tangible fixed assets

Tangible fixed assets are stated in the balance sheet at cost less depreciation calculated at rates intended to write off the excess of the cost over the anticipated residual value of individual assets over their estimated useful lives. These rates are currently as follows: Office equipment 25% per annum on the reducing value Computer equipment 50% per annum on a straight line basis

The Ménière's Society

Notes to the accounts

Year ended 31 March 2025

1. Accounting Policies - continued

Stock

Stock is valued at the lower of cost, including irrecoverable VAT, and market value.

Debtors

Debtors are recognised at the expected settlement amount.

Cash at bank

This includes cash and fixed term deposit accounts with maturities up to twelve months.

Creditors and provisions

Creditors and provisions are recognised when the Society has a present obligation resulting from a past event that will probably result in the transfer of funds to a third party and the amount due to settle the obligation can be measured or estimated reliably. Creditors and provisions are normally recognised at their settlement amount after allowing for any discounts due.

Pensions

All employees are eligible to join the Charity’s Pension Scheme, which is a money purchase defined contribution scheme complying with The Pensions Act 1995. Contributions to this scheme are charged to the Statement of Financial Activities as they are incurred.

Taxation

The Society is exempt from Corporation Tax on its charitable activities.

Going concern

The Trustees assess whether the use of the going concern basis is appropriate and whether there are any material uncertainties related to events or conditions that may cast significant doubt on the ability of the charitable company to continue as a going concern. The Trustees make this assessment in respect of a period of one year from the date of approval of the financial statements. The financial statements have been prepared on a going concern basis..

The Ménière's Society

Year ended 31 March 2025

Notes to the Accounts - continued

2. Investment Income
Income from Investments
Interest on cash deposits
3. Staff costs
Salaries
National Insurance
Pensions
Agency and training costs		 2025
2024
£
£
1,429
4,655
20,482
24,974
21,911
29,629
£
£
148,583
139,039
11,843
10,526
3,111
2,959
9,475
7,890
173,012
160,414

During the year there were an average of 3 employees (2024: 3). One employee received remuneration in the range £70,000 to £80,000 (2024 - 1 between £60,000 to £70,000). For clarity, staff costs are shown within Indirect expenditure although a proportion relate to charitable activities in the provision of support to members. No Trustee received any remuneration.

4. Management and administrative
Rent, rates and utilities
Accountancy and professional fees
Bank charges and commission
Postage, stationery and miscellaneous
Travel costs
Computer, telephone and internet
Depreciation
Insurance		 £
£
25,206
23,572
5,046
5,882
2,861
3,239
4,552
2,991
2,465
1,208
753
1,398
610
620
4,317
3,626
45,810
42,536

Included in accountancy and professional fees is auditor's remuneration of £3,360 (2024: £4,020).

5. Research grants
University College London
Cambridge University Hospital
BSNO prize
Technical University Dresden
University of Exeter - return of funds
6. Investment manager's fees		 £
£
447
135,376
41,184
500
4,846
1,000
-
6,293
177,060
£
£

The fees of Sarasin & Partners are charged within the Funds at the rate of 0.75% per annum on the value of the portfolio. They are reflected in the movement in the value of the funds and amounted to approximately £5,666 in the year (2024: £7,730).

The Ménière's Society

Year ended 31 March 2025

Notes to the Accounts - continued

7. Tangible fixed assets (office equipment and computers)

£

Cost
Cost at 1 April 2024
Additions
Disposals
Cost at 31 March 2025
Depreciation
At 1 April 2024
Charge for the year
Eliminated on disposals
At 31 March 2025
Net book value
At 1 April 2024
At 31 March 2025
8. Investments
Market value at beginning of year
Acquisitions during the year
Disposals during the year (at value brought forward)
Gains/(losses) in the year
Market value at end of year
Historical cost as at year end		 2025
£
721,889
0
(75,000)
27,099
673,988
660,750		 16,279
-
-
16,279
14,434
610
-
15,044
1,845
1,235
2024
£

1,349,471

0

(687,500)

59,918

721,889

660,585

All investments are held with Sarasin & Partners LLP in the UK. At the year end £427,714 was in the Endowments Fund Class A Acc (2024: £484,584), £242,683 was in the Income and Reserves Fund Class A Acc (2023: £233,879) and £3,591 was held in cash (2024: £3,426).

9. Debtors
Debtors
Gift Aid Tax refunds due
Other debtors
10. Creditors
Trade creditors
Other creditors		 £
£
5,000
0
6,738
8,499
13,420
11,614
25,158
20,113
£
£
2,456
1,783
66,479
67,991
68,935
69,774

At the year-end the Society had made commitments to research funding of £57,143 (2024 - £48,161) not yet included as research costs.

The Ménière's Society

Year ended 31 March 2025

Notes to the Accounts - continued

11. Funds

Balance at 1 April 2024
Net (decrease)/increase
Balance at 31 March 2025
Represented by:
Bank and cash
Investments
Other net assets/liabilities
Restricted funds
Balance at 1 April 2024
Income
Expenditure
Transfer between funds
Balance at 31 March 2025		 Unrestricted
Unrestricted
Unrestricted
Restricted
General
Programme
Total
£
£
£
£
290,000
438,840
728,840
31,192
0
(36,082)
(36,082)
5,535
290,000
402,758
692,758
36,727
94,591
94,591
234,503
402,758
637,261
36,727
(39,094)
(39,094)
290,000
402,758
692,758
36,727
Research
West Yorkshire
Capital
Total
Expenditure
£
£
£
£
0
28,805
2,387
31,192
12,031
0
12,031
(6,293)
(203)
0
(6,496)
0
0
5,738
28,602
2,387
36,727

The Programme fund constitutes a capital fund for use in future research and operations to which legacies and other capital balances are from time to time credited as deemed appropriate by the Trustees. The unrestricted general fund is the Operating Reserve of the Society.

12. Trustee remuneration and expenses

No Trustee received any remuneration from the charity. Expenses of £95 were reimbursed to Trustees in the year (2024: £56).

13. Reconciliation of net movement in funds to net cashflow from operating activities
Net movement in funds
Add back depreciation charge
Deduct interest income
Deduct other investment income
Decrease/(increase) in debtors
Decrease in stock
Increase/(decrease) in creditors
Net cash used in operating activities		 2025
2024
£
£
(30,547)
(145,077)
610
620
(20,482)
(24,974)
(1,429)
(4,656)
(5,045)
2,955
954
2,082
(839)
(600,791)
(56,778)
(769,841)

14. Approval of accounts

The Ménière's Society is a recognised charity registered with the Charity Commissioners under registered number 297246. The accounts and Trustees' report were approved by the Trustees on …................................