2024-12-31-accounts

Chaoty r•gistr8tlon nUM￿r299524 comp￿￿ reglstratkn rNMnber0221S16S {EThU￿nd and Walesl HERTFORDSHIRE MULTIPLE SCLEROSIS THERAPY CENTRE LTD ANNUAL REPORT AND UNAUDrrED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2024

HERTFORDSHIRE MULTIPLE SCLEROSIS THERAPY CENTRE LTD LEGAL AND ADMINISTRATIVE INFORMATION TrustO8S Mr R Greener MrA Mr R &Jrth41 Socrg Charity number 293524 Company number 0￿15165 Prfncipal address 30 CatnpJs Hertft¥dsl¥"te SG62JF R8glst8r8d 0ffi¢o JO Camws F￿8 Letrtpht¥th ￿￿en &iy Sfj6￿F Independent examlner John Wiknn FCA Aml Fthard vlibr￿ cknarie￿ Acc(*Jnlants Walfi￿d Hert[{￿￿514[￿ WI)25 ONE Bankgrs LE87 2BB CAF Bar 25 Kit￿ Hil Avetwe Wesi K4alSr ME1J 4JQ

HERTFORDSHIRE MULTIPLE SCLEROSIS THERAPY CENTRE LTD CONTENTS Pa98 Indep￿dent exarrir*rfs report Slater￿ntafr￿a[Kjal admks 8818rta sheet Note5 tothe tinanrAalstaternents 10_18

HERTFORDSHIRE MULTIPLE SCLEROSIS THERAPY CENTRE LTD TRUSTEES. REPORT (INCLUDING DIRECTORS. REPORT) FOR THE YEAR ENDED 31 DECEMBER 2024 Th8 T￿Stee8 wesent their reP￿rt￿ f￿a￿Lia1 statWDEttsJr the yea eVK￿ 31 DeL￿ber 2024. firhonuel slolem¢nts hevc b¢en prcwred in xoyd￿¢Cl￿lth ￿ •wounbry xt wt M notc 1 to ihe finynciol StslemenLs and comkly with Ihe charitatle c<5mpan￿$ Anid¢s ol Assoi?aiitsn. Ihe ¢oTryaniesA¢t 2W6 3nd'Acc(Hmting and Rep(rtry bychaithes". Slate￿ent of ReC0rrrf￿ practi￿ Wuble lo charibes preparing their 8¢(x)unts in ac¢ordce wth the Finartd RqxtrVJ &aKlard ap￿tsb1￿ in the UK Repth1￿ (K Iidand IFRS 1021 18ftectNt 1 Jawary 20191". Objectrwes and a¢ti¥rfs Chaiytable Theobjectsof the chantaLle4xxnFanyave". To aid aThJ wmwove for LMJNIC benÈfrt in tho AJa of Benefft Iwjhich s ErYJkndl the Condit￿ (K su(f&iiw from SeJeto&s by 8hy WLd ￿n$ li￿d1￿j any WI(vhTw." By briroing to￿ther ￿ller￿ mulbple $¢kroSBa￿ perws intere51ed In $deros￿.. B)'prov￿lng ad￿¢•, gJvJ)¢8 nKK81 ww)rtfc perstr)s sufferM)g from s￿￿S.. Bs prowdiry therapy lindudirMJ hyFwbaric owen tWap41 fcrf perws from MUIll￿e Sderrw5 or Olher s￿pl0￿S or Exknditl(￿. ofchanty To promde the Thosteffeclwe Iherapip5 ￿s5￿e frKevery pet51￿ affe(ed ty MuftryAe Sd￿0￿5 ￿ Hertfotdshire and of ou￿1￿9¢OUnlie$, esreo4ty &yJth Bed[Uds￿mre Lubyi. 0urobiect￿￿S lor Ihe ieerwefft." To balancE the txxjgpl. YnprDvE (xjr s￿laY￿￿ty irKTease our rp5etves. a5 part of a pr￿ that ￿ryI1 take a nurnber of years io c(xnplete. To Improve Ihe q￿lIty olour Oxygen Therapy PrograttwDg. To achieve a rrK)re effKtive use of bJldifo Camws Ftve. Complete an3nnual utkte of the Bus￿esS Plan. To Conbnue markebng to exp8￿1 We up of Oxygen Trerapy dwts without Multipk Sckro$i5 in ord8r lo gwwate rnue #xWirvJ fvntts lo svbsli Ireatrwts for In f￿8￿91 newj To ImprovefMfJndrf4Sry. st￿￿s fora(ievirn obigctitfs In order 10 Improve OLf finances. th& t4ggest IM￿ is frrm cU￿￿j Costs antl marteiirv) our serv￿9 10 more p)18nu81 CUStomer5. We ￿entfied sawros were posgtrAe by frr￿￿n9 on ddweriro Oxygen Therapy alone and inyitsng olhei businesses 10 offÈr other In ¢Èntre. as Ffvp¢Abewy. WÈ engèwj yrylh kn¢al t¥immertAI agÈnts to idenirfy a suiile premi￿ 10 r8lc¢818 Iha ¢antr8 and hav& enw8d INO neg01&3b¢ns with the cl) a number ol potential oplK)ns. We &e fflarkeknry to 2XP3tKI take w of Oxygen TIWa￿ for ￿0[￿e wrth Olher condths. Includi can￿r, ME, Chr(￿Ic Faugue Syrmtrome a￿1 Flbramyagla Our markeang Is In soc131 media and nevJSPa￿rs 01 NEga￿lle5. Wp ¢ornL¥np free SloDes vAth PaKI regjlarlyoffemg ￿￿￿TSe$S￿)ns ￿ pe(Ve tran find oul bvhai Oxyg¥n T￿r$pY is like. The Trustees have paid due regard lo the benefft gu￿lar￿ issued ￿ the Charity comTh￿On in d￿dIng wthal activitie5 the rhanlab mmpany 51Kwkl undErt*e.

HERTFORDSHIRE MULTIPLE SCLEROSIS THERAPY CENTRE LTD TRUSTEES. REPORT (CONTINUEDIIINCLUDING DIRECTORS. REPORTI FOR THE YEAR ENDED 31 DECEMBER 2024 Thè main acbwty is Ox¥gÈn T1￿8￿y, d￿Ne￿d by¢yJrwplNxJse bained Operots. U$8 olvolunleers We b8nefit ennaled by ￿Jr 18 vdUn1e￿ 14 cperdlor and administrati¥8 mles. We simrly wowde what we Ijo ther aid gener￿. Volunteers rAai a lea(Sng roè in the pro¥iS￿n of Own TIErapy eXp￿￿rIced vduntws regI￿ty w(xk ￿ ad￿￿. IT, f1w￿. fvrIdra￿irVj 8nd recepbgn ¢CVnplomling our$mall t019 of xtaft. W8 me818nnually wi￿} all staff and lh8 knrd ol Trustees revw the n￿lberS ol pet¥)lfr bwng trgaled ￿LI Mjwtif opportunities to expand this. We akn ￿le¥1 qupjty thouyh Ixjr ¢knlty AwrdtKx sdf-assessment prO￿s5 and Ihrough inteNiÈws and QUe￿nn81￿￿ryththe Strategk rÈport The description under the headIn￿.Ach￿veMents ￿ perfomiarKe" and"Fir￿a reviw Ihp wrry)anyl requiiements frjrthe trustees to w2setrt a stralegiG reFXXt. Achlevements and pertorrnance Achievefflents Following the suEcesshA sale of ¢MJr buikjiw in Novtrnber 2023 we h8¥e w fotrJssed on firx1ing a $rnal￿r renied prwmises for wr 0pept￿￿s. We have wcKked ￿th an eroffteerirE fim) expWIe￿ in the delivery of hyperbaric oxygen 5ySteThs lo devdop a Sulth￿ SpE£lf￿a￿ We have ￿Ted a ne￿e and surfa￿e Hyperbaric Oxygen Charnber lo enable the ￿￿tre to grow and devd(p oxyy ther4ry Vve have etw wlh kxxl c￿n￿erCial propety ￿efits In our search fur a Suitab￿ p￿￿[15e5 and after many y￿￿9s. and eye5sng furfhw Irrtere5t in a nuTnber Df industhal units have 8$ yel been ￿n$l￿CeSS￿l in securing a èase. We c(rfinue ow search in e￿ and ate oplimBtsc that we VJill wre 8 Suitab￿ prernise5 in the CO￿rvj yEar. PprfDnTrance We have to bcus on irKreasry the nunberot sessions édNereAI to d￿nts0verthe past y. In the terrn it 15 ImPOrt3nl lo nDtÈ thai we pffjwdirvj Oxygen peo￿ who do havÈ MLAlIp￿ Sdeiosis. We 8re pl$ased Oiher peo￿• are atsogetbng heb th•1 w inpr¢v& the qLdity olth¥r lfves. That in Wps the chanty to b8 r￿re Sustainab￿ and Iherefore aNe 10contw￿ PEx mU￿p￿ s￿er￿ lenn. F￿ndraISIng3chieveffje1rf5 We pay Inbute to Ihe many IrKI￿1dUaLs. w(X4)4 rtharilatrle trusts cornpanEs who Supry￿l us because thal support is ial forall Mèdo. Our cash reserve8 are the cdy fcm of invesbThM we ￿. We ¢QrfIn￿ to eTh very tstesof inieresi on this. Financial rpview Our purpos¢ remains th• wgltsre of any and al alf•cted Jy MU￿P1• S￿￿r￿s in Hgrtfordshyg Arvj Surf￿nd1 8reas. We ivanl lo de1V￿rIhe ￿)$1 effedive tlwapies pDsstAe. in nKistalkYdable %w. In 2024 tnadp a deficit of £40.193 C￿n￿e￿ to a 8￿u$ of £211.803 in 20rJ tMJI thal was b￿lse of Ihe Sa￿ of the prowrty for£8SJ,LKIOof which £286.396 was 8 netgan on of lh& wr¥>bla fixed ass. Ihe building. Ifwe exdude Ihai lo look at reguL4r Iyrations we fnd that ¥¥e male d eefiul of-"76.593 in 2023 so that the results In 2024 rewesenl a small improvement. (Per3￿ Ir￿Me ¥A5 up n 2024 at £￿.02￿ uwnpared to 191.275 in 2023. Expenditure as down at £139,15¢ compared to £167.￿8 in 2023. Part of ihese wsl S￿ngS were prOfeS￿onal costs in 2023 in I)n￿￿n iwlh the sotrch for ￿￿tI91 n8w the chanty ro rwt.

HERTFORDSHIRE MULTIPLE SCLEROSIS THERAPY CENTRE LTD TRUSTEES. REPORT (CONTINUEDIIINCLUDING DIRECTORS. REPORTI FOR THE YEAR ENDED 31 DECEMBER 2024 The of q)eraling the C￿Te rernahn urthr wwAaTI)5e s(Jubny by Ihe eoaTd. a setvitE o￿anisa1Kjll. the u)st of staff is a￿sYS goin9 10 be the ts99est Part of our expeThsiure. to rnana9e end olPer costs arefully. Fundraising Fundraising is awa>s a vital partof wha1¥￿ do. It is very dNetse ￿lInd￿des.. Bvjg rot laryogr#nlS. Th8 many s￿laI￿r grant rnakng InJ5ts Ihal we ￿e in ￿fjth. Street 3nd stole cdleclK￿s and the t¥1￿hr￿j ￿t5 many Lrf us have. In house furtrai&ng Initi8bves wch 85 the Furthsin9 Tatde. IW Cbjb )d Raffks. mar8th￿. Cyd& RacsaryJ 01￿ SpMSor￿ evwts. MuGh of Ihe atxjve rE￿Ne5 sth5taniial inw( Wp and SU￿(¥1 I￿￿n Lxjr exc￿￿￿1 vol￿1￿￿5. whD we q)weck4le very rwch. H¢￿￿v&r. al furKtra1$￿9 has Len ￿tyaffeded by¢he Cowi&19 PatKlerr. CorJtiilNrtions owrt4eAlrt￿r5 Ail donation5 from ijur mernbers a￿ deeply aP￿￿ated. We want to thank all those who nkgke Hertf¢xtshre Muwe S¢￿$ Centre il is. Fyst the perp￿ liry Oxygen Therapy with us. many ofbvhom mak$ cogknbubms through donon8 and fundra￿n9 efforts. Eath every Volunteer. The Cenlre's paKI Stsft. espeaaly Meire m￿rade. Each rTrembÈr of the &)ard. Our many trET￿S In other org3nisalions. We pay S￿al Inbute 10 al thp Ory￿a￿0￿1hathaVeffl￿ donati￿ arKI grdnt5 to the Charity. Our Inco￿ is priwpally from. Sdling oxyg￿ Therapy to peop￿￿th klult¥lp $de￿￿s Sdling Oxyga4 Therapy to peoplewho rKM have Mumple Generating In￿rne frofft Fun(knls￿g The expendrture of thecharity ￿ dorni[￿ted t¥lhe salaTr costsof slall. 15 fulty in line wth the Ltycts of thg charty. Ao8erves 11 is U)e pdi¢y ol ¢h¥ritsble wmpgny thal unrestrKted ￿1¢h have not tten (Èspjnaled tor ¥ specific use shou b£ maintained at a levd equivalent lo bel%w_n th'ee six fr￿￿'S exjenthlwe. The tslee5 consKler that resetves at iIN518vel wil ensure that. ￿ Ihe eyenl ora ￿gnfficWt drop in fundirvJ. theywll Je aL4e lo O￿tinUE Ihe chanlable coryanW5 nt activities while C￿SKIe13￿On IS gi¥en to Ways in athirt￿31 fuThls may be rdised In 2024 unrestricted exPe￿Il￿re wa5 £139 154 ThereFore 3 rrwlhs expwxlitwe WTKvnts lo £34 789 This levd ol rese￿e5 has finally been Oth￿¥ed the sale ofthe in 2023. Al 31st December 2024 we hal unrestiict& rese￿e5 or t638.523 and resIr￿d funds of £20.624. Thp target of reserves 35 Stated 15 £34,789. Investment Policy r pdi¢y Is k> take aw inve5trnent¢)twbJtty that Canbrfil ￿ chaTty. after 3 to 6 fforth5 rgserves.

HERTFORDSHIRE MULTIPLE SCLEROSIS THERAPY CENTRE LTD TRUSTEES. REPORT (CONTINUEDIIINCLUDING DIRECTORS. REPORTI FOR THE YEAR ENDED 31 DECEMBER 2024 Plans forthofvturg WO￿ is g(xrg foTbvtrd io". Find new prem￿e8 the thBrity b rent wrdo B Ox)¥¢n ChnbBr and move 811 aperBtiW¥ t¢ those Dew preTh￿S. Continue to expand the Oxygen Twy seM¢e. Akeay Si9nknl new nuners of cusiomers. with rAnditions olher than klultipk Sdero¥. are ￿n9 Ihis tspat￿￿nt makin9 a S￿￿fir￿n1 cnntntwlion lo the rmantsal health of thè ¢hty as a %•PwJle. Focus fvndr¥islr￿ to raise nYKe ffthey. This charity has had a h"f& inpgca fm the IN8s of nwny MS. nc8 1988. t>JrirKJ that the wtture and enwrofimenl exiernally has changed sub5tanlJally. ￿￿WeVer. desre rernains io help we people affected by sder0￿5 and Olher condrf￿s and do Ihis in 5uth a way that se￿￿5 Viab￿ kng lertn. Structuro. govom•nu and manogom•nt The charitaile IxKnp3ny is a company kmited by gua￿￿e, 29 January 1988. 2215165 and re9slered * 8 Charity on 4 Au9USi 1988. Ihe charitstle cwipany was e¥aWithed a MenKMdum and ArtthsofAssouk)I whth ests￿l$he(l Ihe cl)trects and tK)wers of the chantaNe a)mpany. ThEI charil¥¥e c(Mnpany E n￿nag￿ by a Board ofTruste8s. At ￿Y￿V thwg m￿1 te a rninimum of three Trus and a maxinum of nine Tnjstees. A Trustee ran be wnted byall ReS(￿ut￿ ofthe mernbersor by Cow1￿ by a tsC￿On (rfthe Trustees until the next A(￿. At eath Anriu81 Gen6ral Meeting (AGMI 8nyTDJStees ￿ ha￿ Lyxwtrttrd a Ilee yèar ￿rM of servic8 since awnimeni 818 previ￿$ AGM musi retire Ir.)m c4fts bJl may off8r ihemsel¥es for re418Ction by the memtÉrs, unless Ihey hsve (x>mpleted three conse(ubve terrns. Th¢ Tw¥tets, •ty•lw th8 tliwiNsfor the Lsw, and th) ¥rvéd %Yoré.' Mr R Greener Mr M Boscher Mr R Levene MrA CoulttrK4rd Mr R ￿1￿111 IResigned 22 Janw 20241 IA¥wnied 12 Fclmuary 20241 {A[¥Mxn￿d 8 &wtenibBt 20251 N¢n8 of the vuees h¥v& 8ny be￿￿¢￿91 Inieresl il the Cwpany. Wl ol tha Irusts are memtrrs of the oJmp8ny 8rJ uarantee tocon1n￿le É1 In Iheewenl of a %11ndw￿ wb. Eath year we note whth nw people have Bwd have ￿tired from in Ihis way Ihe last sel of 8tt0unts w8r8 drawn up. We 8yess our d88p appw48￿ fcy th8 outstanOr¥] s8rw¢8 of Rae who rolred 8$ 8 Trustee in January 2024. InLluthn aNdt￿[ning011ruSteP5 New Tnjslees an ￿du¢bQn Eryr8mn tr•ThNJ 6 provkjed eathye8rk*81 Board mernb8rs. Organisalionalstnthte Th@ charitable c(xnpany is [￿ana￿ by a Board of Trus1￿. At one titr￿ thet8 ￿s1 be a of ltrree Ttustee5 and a of ninÈ Trusieas. IheTrustees ddegaieday to dayrUnnIr￿ of te ctkqritatrle ¢￿pan￿S to the senKK staff

HERTFORDSHIRE MULTIPLE SCLEROSIS THERAPY CENTRE LTD TRUSTEES. REPORT (CONTINUEDIIINCLUDING DIRECTORS. REPORTI FOR THE YEAR ENDED 31 DECEMBER 2024 Relaticnship widernefwork whi￿ this MulliplÈ S¢leros Therapy Centrtr Is entirpty IrwJÈpÈdpni WÈ are to bÈ members of a national aS&Oc￿lI0n for tho 49 Trjultiplè SeknoFA6 T￿rapY C•nb•s aiOuNI th• UK. eal•d MuttiFl• Sdsrosts NalK)nal Thèrspy Cntr8S. Relationships with relaled parties We are entirely indep￿d￿￿t Imghty vakne our rdatxmthips Ihe MS SOCW. tIv3 MS TtUSt, M&UK Risk facto￿ andTrvie The TnJslep5 have as5e5sed thÈ rrw risks lo wlbth the dwitalAÈ (xKnpany li exposed aThl arÈsaisfied thai 5yStèrts are p￿¢• to m￿48le &%p)sure to Ih)se I￿$. Mr A Covl¢hard Trusteg Da￿.. 21 SeFthtrer ￿25

HERTFORDSHIRE MULTIPLE SCLEROSIS THERAPY CENTRE LTD STATEMENT OF TRUSTEES. RESPONSIBILTfiES FOR THE YEAR ENDED 31 DECEMBER 2024 Th8 trustees, wtK) are asDthe dreLx5 of Hert[(￿Sh￿￿￿thIb'p￿ SdBrDS￿ Thwwcentre Ltd f￿the purTX>Se ￿c(￿np￿Y Lqw. ere resFonsible ts preparirvj the Trustees. Repm sr¥1em￿S Fl aCcLYd￿tr witrh app&c)le law and Unitgd Kingdom AccoLffjling Slandards (United KingknGener¥ly kncepled pr￿tice). Comp8ny Law requres the Iru51eps to prepare fin2ncwl slaterr￿￿10re￿h fvanual yearwhKth give atTue atwjfair ¥￿W of the State ofafaiTS oftteharitable ecynwy oftht appl￿11¢ of r￿u￿te8. 1rdL¥l￿9 Ihe Icorr and eXp￿a￿Vr&. of the charitle Dhat year. In wepwng these finart￿l slator(nls. tnkstses we iwjwred to- -sdath suitaYÈ aNlthÈn appty - d)seNe the melh(hlsand pmrarles in ￿ [￿arit￿ SQRP.. . makel￿￿r￿ents e5timatesthat are red￿nth prLxI . staia wPthar awlSc8bk uK￿]x￿￿r0 Sta)dath ha% W folty•Fed. subiKI to any n￿￿81 d8partwas d￿￿)sed and explaine(I In the 5tstemenis.' and - wepare Ihp financHI statements w Ihe {￿cE￿ bays ￿￿eSS it is h4apFwate lo presuffte Ihatlhe charifab19 cotnpany vril contirvJe n ope[ab￿. trustee$ arg resKoisb￿ for adewale r8oxd$ Ihaldi5eh)sowdh r985(J78We accuw al any the finarKJal p05rt￿n of the Gtrkirrfabk GoTpany aid tQ ￿5￿re thal state[t￿ntS ￿ryly the Comp8nies Act 2006. They are also resFX)wJle for Saf￿jUardiry the a￿tS ofthe tharita)le CoM￿Y aid hen￿ fortsking a$<#￿￿e Steps forit* WeV6ntith arKJ delettKJn fraA arKJ (the" Tregu￿￿8.

HERTFORDSHIRE MULTIPLE SCLEROSIS THERAPY CENTRE LTD INDEPENDENT EXAMINER'S REPORT TO THE TRUSTEES OF HERTFORDSHIRE MULTIPLE SCLEROSIS THERAPY CENTRE LTD I r8POrt to IV tru8è8 on my exarninat￿n ofthe ￿an(l¥ staiantnts of Hert￿sh￿ muh'P￿ St$8rosi¥ Ther•)yCèntrè Ltd chanleble ctsrtpawl for the year endad 31 Decem￿r 2024. Respon￿ill&S and basis of rnport As the Iwstee5 ofthe tharrtable c(￿pY la￿ atso itS{￿etto￿trthtr wrp)ses 01￿mpanY L8wI ytsj èo respcfisb￿ for the prepar¥lh)n ofthe f￿￿181 statements in reqL1r￿ents ofiheConynEs Act (the 2006kn1. sal￿fied MYSe￿that firkrKHI state￿￿tS ofthe (h￿1￿ ￿￿nyare requred to be audited under P&t 16 of IhÈ 2006 Ad and are el19b￿ for irÈpereÈniÈXam￿atkn. I rewi il my examinabM ofthts Chaniabk wnpanys fin8rri¥1 staivDents cul under 145 01 Ihe Chiies Ad 2011 Illp 2Q11 AEI!. In tsTrying QLrt my exaTDination I have followed all Ihe 4ylicable Directions al￿ by the Ch¥ity CoThnissh)n 5ethon 1495llbl oflhe 2011 Act. Independe￿ exarninerfs statement I ha¥e CoMp￿ted Thy eL4Thinalion. I wnfirm that malter5 haveixThe to rnyattention in ￿￿neCt￿)n with the examination olviw me cause ie kltve that ￿ any rnaienal respeci." accountiry records were notkepl in restÉd rKthe thiab se re￿)rrts.' or thB ￿Tran￿la1 stalernenis do Dot Com￿Y ￿1h Ihe ofsBCbon ￿ ofthe 2006 Aci ollr than requirernentthal kne acC￿nts gve a ￿ andtsrvTh¥w￿ch IS Nbt a Ma￿erc￿s￿lered as ￿of an IndeFendenl examinalir>n.' th8 ￿[￿nCial stslernEnts havp tK>I been wppThl in acr(MtlarKe with Ihe priWAp￿SoIIhe Stai8mEnt of RecornmencÈd Practi￿ far aCCx)untiTh3 and rerth.ro by tharitès to charities rKeparbig Iheiraccounts in accordanTr with Ihe FinarKral ReFKKh￿ S13ndard applicknle ￿ the UKaThl Re￿tA￿ of Ireland IFRS 1021. I h8V8 no conc8ms and h8we no other maN8rs in ¢(mr￿1￿ th& exminabon to attention str￿d bo dra%vn in this report in order lo enatrle a uThlerS￿dlry oflhe financial alement5 b be reached. John W1150n FCA ATII Howard Chartere¢ Accwn•n¢s 36 Crown Rise Watford Hertfc*d$hYg WD25 (￿E Dated." r2 &pterrkner2)25

HERTFORDSHIRE MULTIPLE SCLEROSIS THERAPY CENTRE LTD STATEMENT OF FINANCIAL ACTIVMES INCLUDING INCOME AND EXPENDITURE ACCOUNT FOR THE YEAR ENDED 31 DECEM8ER 2024 To1 Unro8tri¢tsd Ro8tri¢tod lund5 fund3 2023 2023 Total 2024 2024 2024 Notes In¢omo and endoymients from.. Donatso￿ and lega¢Es Ch￿lIats￿ ¥tyvibes Other tradiTrJ a￿l￿beS Investments Ot￿r inc[￿￿@ 6405 76.4E 11.782 6.405 76.466 11.7B2 6.721 74.375 9.914 265 268.396 6.721 74.375 9.914 288.398 Totsl Income .022 379.671 379.671 ExpenthtuTr on.. Raising funds Ch￿ab￿ 23.688 112.527 14.694 153.174 14.694 153.174 112.527 Totsl expgN&ture 136.215 136.215 167.868 167.868 Net Incomdlexpendlturel and mov•mant th funds 140.193 140.1931 211.803 211.W)3 Recondllawon of fvnds.. Fund balances al 1 January 2024 678.716 20.624 699.340 466.913 20,624 487.5J7 Fund balances at 31 OèGèmb 2024 638.523 20.624 659.147 678.716 20,624 699.340 siatsrn8niof fina￿81 ach¥i15 ickJdes all gainswJ k)sses wised in the year. Wl irJ)me d *xpe￿j1Ure derive

HERTFORDSHIRE MULTIPLE SCLEROSIS THERAPY CENTRE LTD BALANCE SHEET AS A T 31 DECEMBER 2024 Cuvrent ass0ts Debto Cash at bar and bi 14 31,501 648.075 7.494 745.751 619.576 753.245 CrgdltOV5: amowbtsfalllng wilhin one year 16 (20.4291 118.5361 Nqt ¢untnt 8s$6t¥ 734.709 ¢rdltQFs= amowts tslllng aft¥r ￿re than one ypaT 17 135.3691 N8t 88St18 659,147 699.340 In¢ome fund¥ Restn¢￿￿ funds 19 20.624 20.624 Unrestricted fu￿5 Deswnaled ILrd5 General Unrestrith￿ funds 21 683 678.033 637.840 638.523 678.716 659,147 699.340 Tre ¢cMpeny E enknlled to Ihe exeww frcAn heaLlit rew1renwtt￿t&ned Fl Sect￿ 477 aftre ConN>anEs Act 20t6. lor ihe year ended 31 De¢ernb￿ 2024. direLoLS aGkniMl&Jge their Test￿51￿1￿S wilh requwetllen15 of the c￿panE￿A￿t 2006 re5PÈLt to actounbry r￿[d8 tnd Ihp preparatrffi statem￿. ny3mb￿ have ￿ reouiW the cOMp￿Y to an au¢Jit of ds rn1r￿￿1 StslemenlsEf ts ywin qL￿S￿on in accordan￿wth sect￿￿ 476. These finaTrial staternents have prepa￿ ￿ aC￿rd￿ withlhp wovtsiorts to tornpanies subiectto the srnall Ixxnpanies regiTrE. Ih8 financ*1 stslerwnts we awoved by Tru$i88¥M 21 $8ptsmtw 2025 MrA Coulthard Trustee Twsl¢¢ Company RegIStra￿On No. 02215165

HERTFORDSHIRE MULTIPLE SCLEROSIS THERAPY CENTRE LTD NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2024 A￿OUnt￿9 pol￿195 Charity inlarmBtit Hertfwdshire MUtiOe Thwaw Cgntre L1 Isa txiwatrcLKnpany Iwnited byguarante8 IrK0[wra￿ In England and Vlales. The regstered offre ￿ 30 Fiva. LeiCh￿1h GardBnCty. H8rifLYdshre. SG6 2JF. The finantial starfftnts hait in a¢¢rdarte wlh tre ttoriiaye ¢￿pY.$ Meww)randum arvj Articles ofA5$0tyatson. the Conynies Act 2(Yh- and-AccwnDry and ReFwDro by Ch￿Tres.. &¥temenl of Rewmmended P￿t￿e applicab￿ to cTraribe5 piepanng Ihew a¢xwnts in wlh the Fiwcial Rew>rtng Startard applicabl8 in IheVK and Repth1￿ d IrÉ4and IFRS 102) leltethe 1 Jatmjary 20191-. Thp C￿lab￿ C(￿n￿nY is a Public 8pnpfrt Enbty8S dofiwd by FRS 102. The chantle ¢Crfnp￿Y ten •l¥anlage ofthe in the S(KIP frttwties apWyiry FRS 1[￿ Updqte Bulletin 1 not to prepare a Statement ofcash Fkms The finanoal stale￿ntS are twre(I n sWir¥J. vthTrch is Ihe fwKtKwl tJJff8ncyollh8 ctsritl8 c¢)mpaMy. ￿￿et￿tY dThiyunt¥ in thetse fintjiirydl dter￿its aty ￿)U￿e£l Iv the Q The finan￿tI state￿nts ha'le been urxlÈrthe INsturi(a th$ti￿Ve￿N, Im¢Kkfied to Ind￿è thÈ rÈvaluatK)n of ftpehold propettses ar￿ io ￿¢￿jde ￿¥￿Str￿n1 wpwbes atvj (•18in firw(i aifair Yaluel. ThB priDcipal acco￿nIrg pol￿￿% adopted are set oulbekA¥. 1.2 Golng COr￿¢M The d)8ntle ¢¢th￿)y meets its day to day wthiry ra￿131 wuirnertsith SUFWtof k)&ns prowded ty SUPF(rters as (J8t8ik8d in nol8 1610 In adLlition 1he ¢blaned a back loan. repaygble 0￿r a ien year p2ri(xi to (x)ver the Iranth￿ Per￿￿ 35they seek b relum chantaNeuThp3ny ID a swplus posthon. The ofthe tharitaAe tmwls&viliES aE Jth Iha bB considerat4e uyedictable ¥Alati￿ in mi)0 of cash inflows. Th8 buslees ha% ryepared wt¥8(ied cath fyjw thtmabon brlhe period eThlin9 12 mont frrth ts d8le trwrapproval rltw￿{wnt$. On bas￿ ofths cash infNmalh)i discusyois ryth Ihe charitable coryany s lendES. Ihe trust￿ cotNderlhat th2 dHrfable (x)nyany ￿111 continup to Iyefate ￿1th￿ th8 cash balaTKes cuirenly avala￿e. Htsw￿er, rnargw Df facilit￿ over rewiretnFtts is TWJI lapJB 8T￿, Inhe￿￿Y IhFre can no certa￿ty in relaliDD to these matters. On thts basis. the knstees conside" il approp'kats to prewe the acLtunts an the 90ing (X)n￿rn basis The ￿aunt5 do not In￿Ude any wlJJ5tnwts thal res￿1 fTQm a ￿li￿ra￿al cfthe k>an farAlibe5 by the Chantsb Gotnpanys bndets. 1.3 Charitable fijnth Un￿tricied fmds areavwl fcrf use of ihe trLLStees in furiheraw of they c8DtaUe obJectiv8S. Restncied lthids ￿e S￿￿eCI10 speukcornSthJ75 by dOr￿￿S or￿￿1(ar& as lo h￿¥theY rnay be used. The wrposes and uses ofthe re5trited futKJs are set(xrt In the notes to the ￿an(la1 atern￿. 1.4 In¢om• I￿orne is re￿￿15ed when Ihe charilth cfjrrpany is enriued trj il after any perforrnar￿ rxindilk?ns have been t. the a￿￿nIS be rrwured relthy. and il ihat irww Vill be r￿9¥8￿. Cash dcraiic*)s ara reco￿1$￿ ¢n r8¢epl. Other&￿•￿$ re(o)lisad or￿e ch￿b￿companY has notsfied oflhe d(naknon. unless perfor1r0￿e IxhidlK)ns deferia d the awK)unL IT￿me tsx recoverable in r￿al￿ to donations r￿￿ed under r￿AKI ordeed5 of ￿￿enant is atthe twDe ofthe thnatK)n. 10-

HERTFORDSHIRE MULTIPLE SCLEROSIS THERAPY CENTRE LTD NOTES TO THE FINANCIAL STATEMENTS IcopillNUED) FOR THE YEAR ENDED 31 DECEMBER 2024 ACcoUntw￿ pol￿•e$ (Continued) Gr8nts are in Lh¢ Staterneni of Fir￿¢1￿1 fv4bvib¢sin the ycwin afe rec¢i¥8bk. Inc<)ming resouTes frorn fuNtraisiry ¥enlures are rwni5&I in the Slalement Df Finanual Actnrities In Ihe year in whith they are re￿ivable. 1.5 Exp•Nliwr• Expenditure ￿ ￿c(￿)nted for i)n an ba￿S 3tKI has been clasgfied utKler headings that a9jr￿Jate all cost related lo the category. WtrEre costs raTr￿t be <rectly attrl)uted to pa[bcu￿ headiTvJs they have allorat￿ to aciivthes tr) 8 basis ¢wstenl WAlh Ihe use of restyjrces. Res￿ree$ experthd Indude ¥ttnbu18ble VAT that is not reco¥eratye by the dwnty. Resou￿$ zie all(xed totrE partular ¥knerelherAJSt relates dir￿ tothat a¢bvty. Fundr8isin9 expenditure ¢owises f))sis irwThed in Ir￿U(￿ and or9•)Isatity)s ￿ ctsitribuie fnancialy to charit¢s work. ThE inclu(ksthe wsts of¥owiiyrKJ fry th)natyN￿ slagng rlsteci81 fijnIr8￿ry events. The ch￿ry to (apitsle expe￿itU￿ ￿ fttedassets o)W kss than £2.SK). 1.6 Cash Cash Èqulva￿rlts Cash cash ￿1valentS Indude cash in hand. dep￿tS alcall wdh bars. Olher short-term li(WKI investments wilh ongnal maturths afltrrfee rr￿th5or kss. and overdratts. Barlt overdrafts are ¥Athn bwowings In CLJtrenl liabilthe5. 1.7 Financial in5trurnents The charitle c¢KnP￿Y ha￿e￿cled 104ytyth& pyo￿l[￿￿SecIK￿ 11 Fi￿cHI In51tutnwrts' ar￿ SectK)n 12 'OVier FirwriLid lrtstruif￿Its IS¥￿ OIFRS 102 its dll ￿ its #I￿1￿1￿11￿. Financial instsumentsar8 te¢owis&I in the ¢h81ille cthnpan￿s bak)co she81 %%tsn ￿ c￿ntable comfy9W bec(Ynes party lo the conlr&tu Prthrysx￿ of theinsknrnenL Financial asBelsand ￿a￿lit￿Sare uffset. V•ilh Ihe net atTK)unis F￿esented ￿ the staiEtTrents. whEn therB Is a 1e9alfvenfoi￿ab1e nghl to Sel off Ihp ￿￿15 tt￿re 15 ￿ Intenti{￿ to setde on a net ba5E orto realilè lh& asset and seNia Iho Iiablty stiiiutt•. B8si¢ ffnon¢wl assets BasK assets, i￿￿1￿ debtLY5 a[￿ cash a[￿ bank ba￿n￿5. ￿e inthally Tneasured at tr￿sact￿n price Indudino IransadM costs afKI arÈ $￿É￿en￿l£MÈd at an¥xbsed c¢tst ÈifethÈ ￿tÈre51 methtrtl unltrss e atraryeTnwlc￿SIrfUteSa tw5￿11￿. ltrp transaGiw ￿ rTr&5UtFd al th8 we5Fnl valuB Dfth ture re￿iptS dscwnted ata rnarket rale of interest. Finarrfxal assets cLassthed asrec￿¥ab￿￿i￿in one yearare not arnotbsed. 8a5Ltinancial liabilities. ncluling Credrt￿S bank kjans are IThtialyTecogTh5￿ att￿5￿tion txice unless Ihe arrawmtni ¢￿$￿tu￿$4 finarKing Ihe debl insxJmi is mea￿10￿ 8lthe present v8Jut ofthe fulure paymni$diso)unW ata tDark81 iale ol intstest. FinarKa¥1%9kn1diss c￿&￿￿￿ a$ payabb wilhn or y8¥aie not arnortssed. Debt are subseqLEnUy car￿￿ atam(xW rx>sL theeff8di¥e interest rate rnel1￿. Trade ¢r8diicts 8r8 oN1gai￿$ io ￿Y frrf orservtes th91 ￿3¥• a(4Lir&d ordinary ¢ours8 of operthons supplers. ￿￿o￿nts payab￿ are cL45sir￿d as cwrenl ithkniies If pasment is due wthin one year or les5. If not, they are presented as no￿4￿[rent kabditE5. Trae vecitors are [￿n￿l Initial￿ al p[1￿ and subsEquenlly rnEasured at att￿58￿ oist ￿(￿j tre effe(*ve nlerest tr￿.

HERTFORDSHIRE MULTIPLE SCLEROSIS THERAPY CENTRE LTD NOTES TO THE FINANCIAL STATEMENTS IcopillNUED) FOR THE YEAR ENDED 31 DECEMBER 2024 ACcoUntw￿ pol￿•e$ (Continued) Dern¢ognHhn dnn&rt¢x•lliabllitN? rinancial liabilthes are derecowised char1tat4eixKty￿rfs dAyation5 exwrp or aredthrgpd or can¢elbd. 1.8 EmpltsyÈtr ￿nefits Tho CDSt Df any unus&l 4ntiU#mèni * r￿n￿ad in thè thè ètrpk>yèèsg&nri￿ rèCèw TerMDaI￿n tynefits are rectyntsed vtThwialeiyas an exp8nse (knaritab￿ cory8nyi$ dW￿rtstrab mrfitted to temiinate the ernp￿yrwl ol an effVDyee ￿ toprowde terminalion beneffts 1.9 Retirement bwefits PayI￿nIS ID defned c￿t[bJ1VJn rEtitBThwrt 5the[r￿at8 ￿￿[￿j as an exp8[￿ as tr￿fall due. CrlllLzI accounllny e5tirn5 and ludgwnents In the applicahon of Ihe ¢haritatrAe cfynpany s w)Jltiry FKYW. ￿ trL£lees a￿ rRqthred to makejthgementS, eslxnales aThJ assurnpbons a￿￿tIhe carrying an￿nI ofa5sets and katxlilEs tha12re not realy apparerrt from oth sources. The esttnates and 3SS(X3ated assumpti(￿3 are based on h￿tor￿z1 arKI otherfaGtot5thatare nsKlered to be rdevani. Aciual resLd3 w (Iff¥ frrn estirfes The eslwies uThYwtyiTrJ asswnrrfwswe revwvy th) an tyaws. Re￿$￿￿$ to accwntiry esbmates a rec(vJnised in the pEr￿d In ¥Jl¥ch the estinwe B re￿Sed 8ff¥ts only Ihal pviod. or in the penod or Ihe re4iSX)n ar￿ future petKQs where the [￿l￿on affec15 both cU[￿tatI1 ftJlu(e peri(xls. Unr¢slrktd Vnrstri¢t•d nds general neral 2024 DonaibnsarK1 gils 6.405 6.721 Pro¥l$lorb of PhysitiihÈrdW and Oxygon Thèrapy Unvp5tricted Unresirictpd Funds Funds 2024 2023 InrA)rr* frorn therawes 76,466 74.375 12-

HERTFORDSHIRE MULTIPLE SCLEROSIS THERAPY CENTRE LTD NOTES TO THE FINANCIAL STATEMENTS IcopillNUED) FOR THE YEAR ENDED 31 DECEMBER 2024 knGom¢ from 4)thortradhvJ a¢trit VnrEytrirted UnrestrictEd fund5 nd5 2024 2023 Fundraisin9 events 11.782 9.914 come Imm Ikwe8kneMs Vnr•stri¢ted Unrtrstri¢t•d luThJ¥ lunds 2024 Inter￿ receDiatle 265 Other Tot4 Vnrstrl¢t nds gEneral 2024 Nei gain on dtspos81 oflangbleffixed assets 288.396 Funtha15ing and wbllcity Unv•$trfclod un￿st￿cted funtts lurds gener31 9ervyg1 2D24 2023 Commun fundraisin Seeking donations. ￿aC Staging fundrE9ng events 9,826 13,862 6.347 8.347 Community fundpi*ng. ev￿1$ sponstyshy 23,688 14.694 13-

HERTFORDSHIRE MULTIPLE SCLEROSIS THERAPY CENTRE LTD NOTES TO THE FINANCIAL STATEMENTS IcopillNUED) FOR THE YEAR ENDED 31 DECEMBER 2024 Pvov15ion of Physiolhordw aThl Oxygon Therapy 2C124 2023 Stattetssts Gen￿￿ ruMingu)sb PIwiiw¥ Lxbis InsuranTr costs Repairs and mainten8rKecosts orrte costs EquiE¥nenl costs Iranw)rt ¢ost¥ Legaland wofes￿on￿ ¢Xbsts GovematKe cos Bank charyas aThY othei fin8rte COSL8 59.gm 724 4.029 4.726 58.fA)9 9.07 4.363 20.673 3.913 419 25 12.281 1.637 38 32.353 2.520 22.084 18.855 112.527 153.174 Analysis by lund tyn￿tr￿d knd5- generHJ 112,527 153,174 10 N•t mvwn¢nt kn fvr 2024 2023 Thtr nel rnvementin fimds ts siaied aftèr thawirylltwettiNJI'. Fees payable lothe tharity's I￿￿eP￿t￿ent exattmner. - f￿the Independent eXaTDina¢￿ of the charity's Sta￿nents - ftrtsx advisory semtes Lossiiyofitlon d¥rf)sal of ￿r￿j￿Ie assets 2,460 2,520 1288.3961 11 Trustse5 During thè datsghtttofonè T￿￿￿waS Èn¥W bYtr￿ tharity. grogs saarypaKI to thom during the yearwas £1.5. None¢f￿ oth¥ tsu5tees lor any persOr60￿neded wth Iheml rwnuwation orbeneffts from tre charitat￿e cotTyany during thp year. 14-

HERTFORDSHIRE MULTIPLE SCLEROSIS THERAPY CENTRE LTD NOTES TO THE FINANCIAL STATEMENTS IcopillNUED) FOR THE YEAR ENDED 31 DECEMBER 2024 12 En¥Jbyo¢$ Nurnber of ernployee The ￿er￿e Thonthly wmbgr of Ihe year w.' 2024 Nwnber 2023 Number Managernent and admnrbtraknD Oxygon ThoRpy 2024 Wages and Sal￿￿5 Oth¥FEnsKhl ¢05ts 58232 1272 57.458 59.S)4 13 Taxallon The tharity is exetryt frvmlaxatiDn auvth because 11 its ap￿l￿fOr Laritable PLvpJses. 14 Dèbtors 2024 2023 AIMS￿ntS falllng due wlthln ont ye. Trad8 debltys Otherdebtors Pre￿yMents and income 2.925 25.048 3.528 974 185 6.315 31.501 7.494 15 Loan$ 8nd overthaft8 2024 2023 Bank knans 41.264 PaYa￿e within c￿e year PaydNe afteron& ￿ar 35.369 The long.lerm103ns are SUPFthed by a ￿ardntee tolhe ￿r￿erfrOm1he UK tknerrrfnent ￿der the Boun￿ Back Loan 15-

HERTFORDSHIRE MULTIPLE SCLEROSIS THERAPY CENTRE LTD NOTES TO THE FINANCIAL STATEMENTS IcopillNUED) FOR THE YEAR ENDED 31 DECEMBER 2024 15 Loans and 0￿r￿aft (Continued) The ¢h8nlgble company obleined ￿ Bounce W Loen frcffi 8ercys Bank. rcp•yJtl¢ over ten Ye•￿ ￿ryth repasffnents n the firsl year. intwesi rnte ts 2.5% rw wvm. wiin Ihe mleresi in Ihe firsi ts¥elve m<￿th5 be covered bythe UK GoVernr￿t 16 Croditorn.. amounts fallingthwithth one yoar 2024 2023 Noi•8 Bank knans Tiade creditors Oth¢r¢rodrt(s Accruals and deferred irwT 1$ 5.895 6,427 2.156 1,686 11.683 7.060 20,429 18.536 17 Credltors.. amounts fallln9th3ftermore Ihan one year 2024 2023 Bank kjans 35.￿9 Bank loans Debt due In one year In more Ihan year ￿ not lh￿ tsiY)yews In more than two years rrnyo Ihan thr88 yews In more Ihal five Y￿ 5.895 5.895 17.685 11.789 41.264 Retlremeht benefit schemÈs 2024 2023 Dgflnpd ¢ontrlbutlon xhBn Chargeto profit or Ioss in respectoldefined ￿r￿bUb0n sch￿DeS 1272 The thant#)le rAYnp￿ry I¥￿￿te4 a rtpfined c0nlriW￿ $rJ￿. for al quaifwng pmpk)yees Thp. of e scherre are W sep¥tyfrom ltrnse ofthe thailabk mrrpany in ￿ indepe￿enty adnnistered fir￿. 16-

HERTFORDSHIRE MULTIPLE SCLEROSIS THERAPY CENTRE LTD NOTES TO THE FINANCIAL STATEMENTS IcopillNUED) FOR THE YEAR ENDED 31 DECEMBER 2024 19 R¢strl¢t0411unds The r¢eln¢ted fundsoflhe therity c￿nprisethC ur¢xpcrhYed b8￿nc￿etr¢c￿$8nd grontshdd on trusl subject to SP8ufic co￿111￿￿9 by¢M(YJ as to hthty Ihey rnay be wd. Mo¥om•nt in funds Balanco at Fumittxe. FIX￿rS and EqL4xwI Oxygen CompT8550r Fund Olher Restrided Fthds 8.058 20.624 20.624 20.624 Furnitye, fixture$ 8nd equiprrenl- ThisfurKI to wr(kne e(witMrEnl. fuTniture and fith'ros in the Centre. Oxygen Cory4xesw FU￿ is ￿ pmide furwts ￿ ieFlacethe oMy4en tank when requir￿. Other re$lriied fvnd5 ncJLth ￿$t￿1Y furth". VeF¥d8 fu￿. Outreach PhysKjtr￿pY ￿leCt. PhysDlherapy and EquiprEnt Funds. new lhEr3￿ couthes. the (xisl Df an An￿31 Remew Flu5 funong from Noth HerfNd5hire Trstrict C1￿clI to provide trainw￿ staff in speaaltst PiLes Umwses. AThAtysi8 of net as8ots bot¢n funds nd5 2024 fund5 2024 2024 At 31 0￿￿b2024. Current asset￿{1￿9￿11b.esI 638.523 20.fj24 659.147 638.523 2D,624 559.147 Total 2023 20TJ 2023 At 31 Oot•hbtr2023: Current asse￿Il•t￿l￿e$j Long IkqPJlitES 714.085 13S.3fj91 20.024 734.709 135.3691 678.716 20,624 699.340 17-

HERTFORDSHIRE MULTIPLE SCLEROSIS THERAPY CENTRE LTD NOTES TO THE FINANCIAL STATEMENTS IcopillNUED) FOR THE YEAR ENDED 31 DECEMBER 2024 21 D¢slwat¢d fvnds Th¢ Lr(e8lricled funds of the chortyccffiwse the uncxpcrth b8lancesoldongtiofis and gronts which orc Th)1 subie¥l lo specific ￿ljIbOn5 by ¢(M￿r$ and as to ho￿ ￿Y ma) be used. These itKlu¢e ¢&signaW funds Movement in fund Incarnkny Oxygen Gomwessor Fund Oxygen Con¥Kess¢r FU￿ ￿ to provhJe ￿[4￿ethe tr oK￿n tsnk Wh￿ wuir*. 18-

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