REGISTERED COMPANY NUMBER; 0224565 (ENGLAND AND WALES) REGISTERED CHARITY NUMBER; 299511 Report of the Trustees and Unaudited Flnancial Statements For The Year Ended 31" December 2024 For Suffolk Multiple Sclerosis Therapy Centre Trading as Suffolk Oxygen Therapy Centre A R C D Associates Limited Chartered Accountants 42 Wright Lane Kesgrave Suffolk IP52FA
Suffolk Multiple Sclerosis Therapy Centre Trading as Suffolk Oxygen Therapy Centre Contents of the Financial Statement5 For The Year Ended 31. December 2024 Page Report of the Trustees Independent Examiner's Report Statement of Financial Activities 8alance Sheet Notes to the Financial Statements Detailed Statement of Financial Artivities io
Suffolk Multiple Sclerosis Therapy Centre Trading a5 Suffolk Oxygen Therapy Centre Report of the Trustees st For The Year Ended 31 December 2024 The trustees, who are also the directors of the charity for the purposes Jf the Companies Act 2006, present their Report with the financial statements of the charity for the year ended 31, December 2024. The trustees have adopted the provisions of the Accounting and Reportin8 by Charities; Statement of Recommended Practice applicable to charities preparing their accounts, in accordance with the Financial reporting Stcindard hpplicabSe in the UK and Republic of Ireland (FR5 1021 IEffective l January 20191 OBJECTIVES AND ACTIVITIES Object and aims The principal objectives of the charity are to provide Hyperbaric Oxygen thertipy and other services to people suffering from multiple sclerosis. Also to people with other health problems, in the country of Suffolk and surrounding areas, to promote research necessarv to find the cause, cure and prevention of multiple sclerosis STRucfuRE, GOVERNANCE AND MANAGEMENT Governing document The Charity is controlled by its governing document, a deed of trust, anil conctitutes a limited company, limited by guarantee, as defined by the companies Act 200fi. The Company has no issued share capital and in the event of liquidation the liability of the members is limited to £10. REFERENCE AND ADMINISTRATIVE DETAILS Registered Company Number- 02245957 IEngland and Walesl Registered Charity Number - 299511 Registered Office - Suffolk Oxygen Therapy Centre, Unit 27 Claydon Business Park, Gipping Road, Great Blakenham, Ipswich, Suffolk, IP6 ON L Page I
Trustees P J Sims (resigned 22102120241 Mrs E Fsims Mrs L M Moxon Chairperson & Treasurer G P Moxon Secretary Mrs A Howlett Mr5 L Banks Iresigned 22/02/20241 S Glinos R Florey- Resigned 0110812024 G Fielding R Double Company Secretary G P Moxon REFERENCE AND ADMINISTRATIVE DETAILS Independent Examiner A R C D Associates Limited Chartered Accountants 42, Wright Lane, Kesgrave, Suffolk, IP5 2FA Approved by order of the board of trustees on Jung?Q?S and signed on its behalf by; (IDvLty1 Mrs L M Moxon - Trustee Page 2
Independent Examinerfs Report to theTrustees ot Suffolk Multiple Sclerosis Therapy Centre Independent Examinerfs Report to the Trustees of Suffolk Multiple Sclerosi¢ Therapy Centre (The Company) I report to the charity Trustees on my examination of the accounts of the corripany for the year ended 31, December 2024 Report As the Charity's trustees of the company land also its directors for the purpo.ses of company lawl you are responsible for the preparation of the accounts in accoi daiice with the requirements of the Companies Act 20061"the 2006 Act"). Having satisfies myself that the accounts of the Company are not required to be audited under Part 16 and are eligible for independent examination, I report in respert of my examination of your charity's accounts as carried out under section 145, of the Charities Act 2011 Ithe 2011 Actl. In carrying out my examination I have followed the, Directions given by the Charity Commission under section 145{51 Ibl of the 2011 Act. Independent Examlnerfs Statement I have completed my examination. I confirm that no matters have come to my attention in connection with the examination giving me cause to believe; l. Accounting records were not kept in respect of the company as required by Section 386 of the 2006 Act,. or 2. The accounts do not accord with the records- or 3. The accounts do not comply with the accounting requirements of section 396 of the 2006 Act other than any requirement that the accounts give a true and fair view which is not a matter considered as part of an independent exarnination; or 4. The accounts have not been prepared in accordance with the mLJthods and principles ot" the Statement of Recommended Practice for accounting and reporting of charitie5' (applicable to charities preparing their accounts in accordance with Financial Reporting Standard applicable in the UK and Republic (Jf Ireland IFRS 1021 I have no concerns and have come across no other matters in connectic.n with the examination to which attention should be drawn in this report in order ko enable proper understanding of the accounts to be reached. A R C D Associates Limited Chartered Accountants 42, Wright Lane, Kesgrave, Suffolk. IP5 2FA 0 4/0 (//,. Page 3
Suflolk Multiple 5derosis Therapy Centre Yrading a5 Suffolk Oxy8eh Therwpy tentre ststementof FI1ndal Actlvltles For the Year Ended 31st Oecembor 2024 2024 Totsl Funds 2023 Total Funds ljnrestrfcted Fund5 Restricted funds Notes INCOME AND ENDOWMENTS FROM DonatlODs& legar.ies 164.018 164,018 136.3(11 Other Tradin8Acrkviiies Investment lTrcome 6,519 3,105 173,641 6,519 3.105 0 173,641 138.Slb7 EXPENDrruRE ON Ra&in8 Funds 3,860 3,860 665 Olaritable Advltles Theropv 127,069 130.929 127,Q69 128,87.6 0 130,929 129.4(11 NETINCOME 42,713 42,713 RECONCILIATION OF FUNDS Total Funds Broughtforward 121.239 0 121,239 110,415 TOTAL FUNDS CARRIED FORWARD 163,952 0 163,952 121,2.49 These mteslorm Pariof thesefinancial 5taiernent5 pa8e 4
Suffolk Multiple 5¢lerosis Therapy Centre Trdding a5 Suffolk Oxygen Therapy Centre Balance Sheet 315t December2024 2024 Tutal Fund5 Z023 Total Fund Unre5trlcted Funds R•%trirted Funds Notes FIXEDASSETS Tangible Assets 5,291 5,29J 6,6:.4 CURRENT ASSErs Cash at Bank 162,797 162.797 132.61 CREDITORS Amounts falling due wlthln one year -4.137 -4.137 -18.0.45 NEf CURRENT ASSEYS 158.660 0 158.660 114.6J5 TOTAL ASSETS iESS CURRENT LIAOILfTIES 163.952 0 163,952 121,279 NET ASSETS 163,952 0 163.952 121.279 FUNDS Unrosiricted Funds Restyiaed Funds io 163.902 163,902 121,IP,9 50 50 TOTAL FUNDS 163.952 121.2.i9 The Iharitable company is ent1tled to exemption frotD audit under section 477 of the Companie5 Act 2006 lor the year ending 315t DEcember 2024 The members have not required the companyto obtain an audit of hsfinanclal $13tements for the year ended 315t December 2023 in accordaTrce with Section 476 ofthe CompaniesAct 2006 The trustee5acknowledge their reswn5ibilitiesfor'. ensuriDg that the charitable company keeps accounting records that comply with theAct. financial year In accordance wlth the requirèments of Seciion$ 394 & 395 and which otherwise complywith the requirementsol the Companies act 20J6 relating to finafjcia,, si)tÈmentS, 50 far a5 applicable 10 the charitable companv. These flnancial statèments have been prepared in accordaDce with the provisK)ns applicable to charitable companies subject to rhe small companies re8ime. The Financial siatements were approved by the Board ofTru5rees and auihorlsed for Issue on 19th June 2025 L M Moxon G P Moxon These notes form Part of these financial statements Page 5
Suffolk Multiple Scler05is Therapy Centre Trading as Suffolk Oxygen Therapy Centre Notesto the Flnèndal Stateme*ts ForThe Year Ended 315t tlecember 2024 ACCOurING POLICIES 8asis of preparing the financlal statements The linallcial statements of the tharitable company, which 15 a pubSic benefit entity under FRS 102, have been prepared In accordance with charities SORP (FR9 1021 'Accounting and ReportinB by Charities.. Staiement of RÈcDmmended Ptacti¢& applicable to charities preparingtheir accounts in accordance with the FRS applicable in UK Republic of IrelandlFRS 1021 (effective I january 20191. Flnanclal reporting standard 102 'The Fin?ncial RepDrting Standard applKable in the UK and Republic ol Ireland" and Companles Act 2(X)6. The financial statements have beén prepared underthe historical c05t convention. Income entitlement to the fvnds, it is probable rhat the Income will be received and Ihe amount can be mèasured liably. Expenditure Liabilitie5 are reco8nised as expenditure as SODn as there Is a eal Dr tonstructnfe owoatio committing the charity tothat oxpenditure, It 15 P055ible Ihat a transfer of economic bertefit5 will be required in settlement if the amount of ihe obli8aiion can be measured reliably. Expenditure Is accounted foron an a¢¢ruats basi$ has been c1155ifie(l under headin8S that 388rè8aie 311 cosi related tothe cateBory. Where costs cannot be direct ttributed to PBrticular headings they have been ?Il¢cated ro actr¢ities w a ConsisnI basis wlth the use of résourtes. Tan8lble Flxed Assets Depretiation is provided at the followin8annual rares in orderto wrtOff each asset Htso Chamber & Ancillaryequipment - 20% on reducin8 balance Taxatlon The charity 15 exempt from Corporation Tax on its charitable actNities. Fund AEcDuntlng Unrestricted funds can US in accordanc£ wilh the charitable objective5 at the Restricted funds can be used for particular re5trKted puip05es Yllthin the objEds gf ¢h3rity. Restrlciion5 arise when speclfled by the donor or when fund5 Are ra15ed fora Further explanaiion of ihe nature and purpose of each fund in illcluded in the notes to Pago 6
2 OTHER TRADING AcfiviTIERS 2024 2023 Fundraising entS 6518.55 2231 3 INVESTMENT INCOME 2024 2023 3104.7 1784 4 NET INCOME IEXPENDMJREI Net incornellexpenditurel lsstated aftercharginglcreditin81 2024 2023 Depreci8tin8 owned assets Deficit on the diSP¢S?l ol fixed as5et5 1,323 1654 1322.6 1654 5 TIIUSTEES. RigMiINATION AND BENEFWtS There were no trustÈes' remyneratw)n or otherbenefitsfor the yèarèndÉd forthe yeèr Énded 31st December 2024 nor for theyeèr ended 315t December 2023. 2024 2023 Trusrees, ekpenses R Double A Howlett L Moxon G Moxon L Sims l Banks Ireygned 22102120241 R Florey Iresigned 01108120241 P Sims lyesigned 22102120241 6 STAFF COSTS The avor3gÈ moThth number of employee5 durine the year was as follows.. 2024 2023 Hyperbolicoperative5 No empbyee receNed emolumentgin extess of £60,0(N). Page 7
7 COMPARATIVES FOR THE STATEMENT OF FINAC1ALACTIVlEs 20Z4 Total Funds Llnrestrirted Funds Restrictsd Funds INCOME FROM ENDOWMENTS Donations and other le8acies Other non-Iradin8 Other Tftding Artivit5 164,018 3.105 6.519 173.641 164,018 3,105 6,519 0 173 642 EXPENDITURE ON R31sing funds 3.860 3,860 Therapy 127,069 130.929 127,069 0 130,929 NET INCOME 42,712 42,713 RECONCILIATION OF FUNDS Fund5 brou8ht forward 121,189 50 121,239 TOTAL FUNDS CARRIED FORWARD 163,901 50 163,952 8 TANG8LE FIXEDA5SETS HBO Chamber& otherequlpment Cosi At IsiJ3nuary 2024 Assets purchased At lstjanuary 2024 40.169 40,169 EPRECIATION as at Isi January 2024 charge torye" At 315t December 2024 33.555 1,323 34,878 NET BOOK VALUE As èt 31st December 2024 5.291 As at 31st December 2023 6.614 Page 8
CREOITORS: AMOUP4TS FALLING DUE WITH ONE YEAR 2024 2023 Trade creditofs Social security and othertaxes Accrued Expen5e5 3.099 16,406 1.038 1.629 4,137 18,035 10 MOVEMENT IN FUMDS At 1.1.2024 Net AT 31.12.2024 Movement Unresiricted funds Genèral fun(J 121,189 41,558 162,747 Restflcted funds Oxygen Reseneration equipment so 50 121.239 41,558 162,797 A RlskAssessment has been uTrdertakÈn by the Charity intothÈ fortnation of resetves reserves Policy. This has identified several poienikAI medium/hi8h impact risks, although they have been assessed mainlyt be in the lowlmedivm likelihood tste80ry. An overa11 Resetvesfi8ure of £25,000 is deemed approprlaie. 11 RELATED PARTY DISCLOSURES-CONFLlCtS OF INTEREST There were no related party tran(tIOnS forthe year ended 3Jsi Oe¢ember 2024 Pa8É
Suffolk MlI1p1e 5clerosis Therapy Centre Trading a5 Suffolk Oxy8en Therapy Centre Detsiied Statementof Flnanclal Activltles For ThÈ Year Ended 315t December ZOZ4 2024 2023 INCOME FROM ENDOWMEPIts Don3tbns and Le8acies Gift Aid Granis Subscriptions 140,068 12S,805 8,500 15,450 10,495 164,018 136,3 Other Trading A¢tivrties Fundrai8 Events 6,519 2.231 Investment Income InLere5t Receivable- Iradin8 3,105 1,784 Total Incoming rÈsourcès 173,641 140,315 EXPENDITURE othertrading activit 3,860 666 Personnel costs Rent 71,835 59,860 7,228 7,328 -1,697 S,842 5,258 7,058 145 14 32.134 28.328 361 146 1,323 1,654 120,447 110,896 Service charges lincl Iht heat & rates) P05ta8e and Stationery Equipment. maintenance & runnin4COSts Plant & m8chine.ry Support costs Management Office Telephone postage stationery & advertisin8 MarketiTrgAdvertising etc Affiliation fees 13,123 705 -5,420 1.345 9,754 8,878 687 5,420 16,179 GovernanceCo5t5 729 2,417 Resources expended 130,929 129,492 NETINCOME 42.713 Page 10