REGisfERED COMPANY NUMBER: 02366441 (Eng12nd alld Wales) REGISTERED CHARITY NUMBER: 701561 CIAM ERAPY CENTRE LTD UNA ITED FINANCtAL STATEMETr4TS FOR TUE YEAR ENDED 31 MARCH 2026 Ann5trong5 Ctjartered Accountants and Tax Advisors Gethin House 36 Bond Street Nuneaton CVII 4DA
MERCIA MS THERAPY CENTRE LTD CONTENTS OF THE FINANCIAL STATEMENTS FOR THE YEAR Ef4DED 31 MARCH 2026 Page Reference and Admlnistrative Detalls Report of the Trustees tndependent Examiner's Report Statement of Financial Activltles Balance Sheet 9 to 10 Notes to the Financlal StateJDents 11 to 18 Detalled Statement of FinAnelal Attivities 19 to 20
MERCIA MS THERAPY CENTRE LTD REFERENCE AND ADIVIINISTRATIVE DETAILS FOR THE YEAR ENDED 31 MARCH 2026 TRUSTEES D Ridgwdy Trnstee L Bames Tn]stee D Partington Tn]stee C Ailbut Trustee B Blackaby {appointed 22.10.2025) REGISTERED OFFICE 8 Macefield Close Alderrnans Green Industrial Estate Coventy West Midlands CV2 2PJ REGISTEK£D COMPANY NUMBER 02366441 (England and Wales) REGISTERED CHARITY NUMBER 701561 tr4DEPENDENT EXAMINER A[$trOngS CIMrtered Accountants and Tax Adviwrs Gethin House 36 Bolld Streei Nuneaton Warwick8hire CVII 4DA Page I
MERCIA MS THE114PY CEFITRE LTD REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31 MARCH 2026 The trut$ who are also directOIs of the charity for the puryoses of the Companies A¢¢ 2006, present their report with the financial statements of the charity for the year ended 31 March 2026. Th¢ tTUStee5 have adopted the proyisions of Accounting and Reporting by ChÈrilies'. Statement of Recomm¢nded Practice applicable to clwities preparing their accounts in accordance with the Financial Reporting Standard applicable itt the UK and Republic of Ireland IFRS 102) {effective l January 20191. OBJECTIVES AND ACTIVITIES Objectives And Aetivities The CompanS objectives and principal activitie5 are to help people with Multiple Scleiosis {and their Carers) 10 remain as active and mobile a5 Possible commensurate with their diffL¢ulties. The Charity offers a Yariery of therapies all practiced by professionally qualified therapists. These are 2150 available for Many other conditions, including children who have Cerebral Palsy and Autism and Cancer patients. All are available to our mernbers witbitL the Centre which PTovides a friendly 2nd relaxed enviromnent wliere they can enjoy companionship and peer support. Page 2
MERCIA MS THEIi4PY CENTRE LTD REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31 MARCH 2026 OBJECTIVES AND ACTfviTIES Therapies Oxygen Therapy We have two chambers wherein we treat people with Multtple Sclerosis and otheT neurological conditions, Autisjn and C¢TebTal Palsy, Cattcer and still have spare ¢apa¢ity available. Physiotherdpy Is Siill a very popular therdpy, essential for those witb Multiple S¢lerosis. We have specialised equipmellt including an electtically operated Stsnding frame which ellabl&s rnembeT8 norn]ally restricted to a wheelchair to stand upright. We also have upper body gym equipment, balance ¢quipm¢nt and power assisted exereise bikes, all due to generous donatiOll8 from Charitable Trusts. We have all increasing number of people recovering from strokes who are Lsing our physiotherapy seryice. Reflexology This therdpy is still very popular with our member5 and helps relieve pain and discomfort and aids relaxation. Yoga Utilised by a smaller group of people, who nevertheless benefit frojn the therdpy. Our yo8? kacher tailers the Clae3 to rneet the nexds of ea¢b individual taknlg pan, so that they can set the I]XImuM benefit dependiag on their abtlities. Viofor Viofor equipnient provides pain relief to sufferers of Multiple Sclerosis and other ¢ondition4 by using electromagnetics. Sports Therapist Specialiising in lower back pain including Sciatica, sports illjuri¢s and chroni¢ Conditions. Foot Health We have a piactitioner who attends the centre tivice montbjy to treat members, fotst problems.Tbis is a vital and very popular therapy. Outreach Service-Home Visits We realised that there were a number of our ernberS who We becomillg iu¢reasingly isolated due to their age altd ill health alld were finding it ditTicult to attend the centre for th¢ir treathellts. Thanks to the generosity of charitable twsts we have start¢d an outreach servi¢e Mthereby those Jnenthers can no longer attend the centre ¢an be visited at hom¢ by a therdpist. Counselling We have a counsellor who gives her time free of Cbarge to our members should they wish to access her services. Therdpy days We hold several therapy tester dayslwellbeing days per year, Whe people with many different medical ¢oDditiow ca access all our thenpies for a snMII donation al on occasions free of charge if fi]Dding is in place. Therapeutic classes Whetj fuJJds ar¢ available vaTiOUS art and craft classes are be]d for our membets. Members find these activities therapeutic, creative and withill their physicA] capabilitie$. Page 3
MER IAMS ERAPY CENTRE LTD REPORT OF THE TRUSTEES OR THE YEAR ENDLD 31 MARCH 2026 OBJECTIVES AND ACTIVITIES Advlce and InforntiOn Our approach 10 distributing advice and urfomvation Continues to evolve, eornbining traditional materials with an expanding digital presence to ensure accessibility for a wide audience. In addition to the annual accounts we produce an iTJforn]ation leafIet that outlines our range of therapies, iticluding images and details about our therapists. These leaflets are available in our reptIOn area, provided ¢0 individua]s attending trial oxygen therapy ses$ions, and distributed at fUndls]ng activities and community events. A portable roller banner is also used al infomiation days, talks and Outreach events to support engagemerlt with tbe wider ¢ommunity. To ¢ompleTnent our printed materials, we produce tailoied infomialion packs for open days as well as four inforn]ative newsletters each year to keep inembers and supporters updated on our work. Our ottie presence play5 an increasingly central role in how we share ionatiOn. Our website 5erve5 as a key hub for llp-to-daie resources, seryices details and contact inf0mtIon. tn additioll, our social media channels are a primary mens of communicatioffj enabling US to share news, promote events* provide health related inforn]ation, and engage with the community in a titnely and accessible way. Togethei, tbe5e methods ensure that our InforntiOn As widely available, rt%wnsive to eutrent needs and accessible across both physical and digit21 platfornjs. TralnAng TraintnE ts given to staff in first aid, fire safety, child protection, fimdraising techniques and charity aud volunteer management. TEzining is also gtven in the operation of the two oxygen tberapy chambers. This training is also given to volunteers who. when trdined, will be exarnined and certified by the Centre Manager. Financial Review The Twtees have an agreed reserve policy that sets out to ensure the stability of expenditure plans for the maintenance of essential services and reflects the risk5 of unplarjned closure asSO¢lated with spending committnents, potential liabtlities, and fanCIal forecasting. and addresses the risks to their benefjciaries, staff, and volunteers The trustees have also set aside a designated fund of £50k as as contingency to help finance futur¢ large repairs and replacements of capital equipment" this will be held in an easy-access aecount. The undesigll2tcd fimds will be held in # Cuent aceount. Inveent Ind Reserves Policy Surplus fimds are invested in the Cambridge and Countries. yjelding a rettlm of 1.750/0. Aside from retainio8 a prudent amount in res¢rve each year most of the clwity funds are spent in the short teirn and there are few fU[S available lor long tem investment. When we have achieved our goal for our reserve policy we ean reconsider an additional illv¢stmeDt which may give a higher return. The tnjstees have exarnined the charities, requirements for reserves in light of the organisation's risk%. They have established a policy whereby fvnds Dol con]mitted or invested in tangible fixed a&sets held by the charity should be between SIK 2nd nine ]nonths of expenditure, and b&sed on 2025 figures, the wget is between £78k and £178k Tbese reserves will be held in an investsllettt a¢count. The reserves are needed to meet the working capital requirernents, and the day-to-day njnning of the charity and the Mallagejnent CollJJDittee are confident that at this level they would be able to continue the current activities of the charity in the event of a significant drop in funding. Free reserves available to the charity are £137,11 l and we have therefore met our nine month target level. However, the management conjtnittee has Set aside a designated fvnd of £50.000 out of the free reserves, as a ¢ootingency filljd to help finance future large repair costs ond Teplacement of capitsl eqURplllll and this has reduced the free reserves to £87,111 Page 4
MERCIA MS THERAPY CENTRE L REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31 MARCH 2026 OWLCTIVFS A14D ACTIVITIES We would like to giv¢ thajjks to our rnain contributr)rs for their continued support and fvnditjg of the charity. The Febrnry Foundation FC Stokes Trust The R S Browllless ChaTilable Trust Marsh Charitable Tnjst Th¢ G¢n¢ral Charities of the City of Coventy Baron Davenports Charity Severn Trent CommunityFuDd WPH Charitable Tnjst The Florence TurnerTrust The Gilander Foundation B8rebester Charitable Foundation Coventy Cburcb (Municipal) Charities National Grid Co-op Community Fulld Coventy & District Charitable TnLSt JC Seccombe Tnt IMI Charities Committee Co-op bank con)unIty Fund Kenilworth 'on5 PLANS FOR THE FirrtJRE Our priority for 2026 is to continue to rdise suificient fvnds and to iticrea5e the lltilisation of our therapy ¢entre by other disability and community gtoups who n)ay benefit from the facilities and services thai we call offer here. Also we have an increasing nuznber of caT]cer patients and long covid p8tieDts Ing our centre and we bope to develop some specific sel¢eS for thi5 purpose. STRUCTifRE, GOVERNANCE AND MAf4AGEMENT Covernlng document The oIgani5ation is charitable company limited by guaraate4 iocorporated on 29th March 1989 and registered as a harity on 16th May 1989. The Company was established under a Memornmlum of Association which deternJin¢d the objects and powers of the charitable company and is governed under its Arti¢les of Associatioll. In the ev¢nt of the company being wound up m¢mber8 are not required to contribute financially. RecrultmeDt and appointment of the Management Commlttee The Directors of the Company are also charity tsustees for the purposes of chan.ty law at)d under the copArtS Articles are known as a Committee olmallagernent. Under the r¢quirnents of the Memonndum and Article$ of Asso¢iation the members of the Management Cornn)ittee are elected to serve for one year afier which they must b¢ re-¢lecied at the next Allnual General Meeting. Page 5
MERCIA THERAPY CENTRE LTD PORT OF TH TRUSTEES EAR ENDED 31 MARCH 2026 FOR TH STRucfuRE, GOVERNANCE AND MANAGEMENT Org#nisational structure The Mercia MS Therapy Centre has a Managemeni coUttee of up to six members. who rne every 3 months. The CentTe Manager also attends. The Centr¢ Manager does noi have any voting rights at thes¢ meetings. The Centre Man2ger 15 responsible to the Cliairjnan of Tn]slees for Fundraisio& io ensure that ¢OTporate and comrnunity fundTaising are progressed efficiently and effectively, Ihe safe and efftcient running of the centre aiid the monitoring and recording of all operational peCtS covertng the safety of people when receiving Oxygen therapy within the oxygen chambers. The Admtnistralion and FundTai5in8 Officers. oxygen chamber operators are responsible to the Centre Manager for the 3af¢ry of all people withiTh the Cent, that it is run smoothly on a day-to-day basis, and thal the therapist's appoin¢m¢nt systems are run etTi¢iently. They are also the r¢5ponsible officer for fjrst aid within the centre. The Centre manager and the Tre2sur¢F issue Inonthly reports to the Management Comniittee detailing their r¢spe¢tive up-to-date posilions, the current financtal income and expendtture and total cash resouT¢e available to the organisation. They also detail iherapy usage, 211 fundraistThg activity. funds achieved and a timetable of ndraIsing events and collections. Induction and training of new trustees Most trustees, being members arc already familiar with the varying therdpies practiced ivitliin the ¢¢ntre and fhe organisalional Structure. New Trustees would be shown around (together wtli introductions to mcmbers and therapists) by the Chairnian and Centre Managcr. All trustees will be given the Charity Commission booklet covering Obligations of Trustees together iviih tlle cliarity's own document detailing the activittes undertaken ivitliin Elle Centre and detailing wljat is expected of Ihem as Irusiees. The fundamental points within the Articles of Association and Memorandum will be enumerated and discussed iogetlier with a copy of the latest annual aecounts and copy of die Charity's Ihree-year plan. Management Committee Mr D Ridg¥vdy- Treasurer Mr C Kitson- Chairynan Ircsigned 18.03.20261 Mrs L Bames Mr D Partington- Intetmin Chaimiatt Mrs C Allbut Mr B Blackaby Setretary Management Tegm Mrs M McDeniiott Icenlre Manager) Mrs K Browne (Fundraixerl Mr$ E Pipcr (General Assistant) Mrt C Jones (General Assisrantl Risk Assessment Tjie Management Comniittee during 2021 cariied out a review of Ilie major risks to which the charity could be ¢xp05ed witli tlie preparation of a busine55 plan to 2025. The Jiiajor one being if donations and otlier ndraISing sources should be drastically curtailed. Any new proje¢t or equipment will not be in)pleTnented or pur¢liased until funding lias beell ¢quircd. Intemal Control risks are minimised by the introduciion of a system wliereby key financial ¢ontrtsls are recorded by th¢ treasurer and all Fundraising and oiheT key procedures are recorded and filed by the Cent Administrator and the Centre Manager. This teport has been prepared in accordance wilh the special provisions of Part 15 of the Cotrjpanies Act 2006 relatin8 to small ¢ompanies. d by order o ard (Ff trust es on 3 June 2026 and 5agned on its behalf by.. D Partington. Trustee Page 6
INDEPENDENT EXAMINER'S REPORT TO THE TRUSTEES OF MERCIA MS THERAPY CENTRE LTD Independen¢ examiner's report to the trustees of MercBa MS Therapy Centre Ltd I'the Company'l I report to the charity trustees on my examination of the accoiints of the Colnpany for the year ended 31 Mah 2026. Responsibilitie5 and bA$is of report A5 tlie charity's trustees of tIie Company {and also its directOT5 for the pufj)oses of company law) you are responsible for the preparation tsf the accounts in accordajice wtth Ilie requiremenis of the Coillpanies Act 2006 {'the 2006 Acf). Having satisfied myself that the accounts of tlie Company are not required to be audited under Part 16 of the 2006 Act and are eli(pible for independent examination. I report in respect of my exaniination of yotsr rliarity's acrouDts as carried out under Section 145 of the Cliarities Act 2011 (Ihe 2011 Act,). In ¢anying out my examination I liave followed the Dire¢iions given by the Charity Commission und¢r Section 145(51 {b) of tlie 2011 Act. INdep¢ndent exarniner's statement I havc completed my exan)ination. I confirm ihai no Tnatters have come to my attention in connection witli the examination giving me cause to beli¢ve'. accounting ie¢ord5 were not kept in respect of the Company as required by Section 386 of the 2006 Act.. or the accounts do not accord with those records.. or the a¢counts do not comply with the a¢¢ourtting requirenlents of Section 396 of the 2006 Act other than any requireJts¢nt that tlie a¢¢oiints giv¢ a triie and fair view which is not a matter considered as part of an independcnt examination., or the accounts liavc not been prepared in a¢cordance with the m¢thods and principles of the Statem¢nt of Recornrnended Practice for arcounting and reporting by chariiies (applicable to charities prepariiig their accoLTrnts in accordance witli the Financial Reporting Standard applicable in tlie UK and Republic of Irelatjd (FRS 102)). I Iiave no ¢on¢ems and have ¢om¢ across no other matters in connection with d)e examination to whscli attention should b¢ drawi in fhis report in order 10 enable a propeT und¢rsianding of tlie accounts to be reaclied. Muhammed Shabbir Ann5trong5 Chartered A¢¢out)lants and Tax Advisors Getl)in House 36 Bond Street Nunealon Warwicksliire CVII 4DA 3 June 2026 Page 7
MERCRA MS THERAPY CENTRE TD STATEMENT OF FINANCIAL AcfivITIES FOR THE YEAR ENDED 31 MARCH 2026 2026 Total fiJRds 2025 Total funds Unrestricted fi]nds Restricted fund Noies INCOME AND ENDOWMENTS FROM Donations and legacie5 78.711 15.284 93,995 Charitable getlvities Inconie from charitable a¢tiviiies 70,341 70,341 60,139 Other trading activities Investment income 6,005 5.078 6.005 5,078 3,873 3,842 Total 160,135 15,284 175,419 179.067 EXPENDITURE ON ChAritable activities Charitable Activities 152,193 15.692 167,885 140.51 Raising Funds 21,797 21,797 20.139 Total 173,990 15,692 189,682 160,650 NET JNCOMEIIEXPENDITURE) (13.855} (4081 (14,2631 18,417 RECONCILIATION OF FUNDS Total fi]nds broug]it forwaTd 150,966 18,268 169.234 150.817 TOTAL FUNDS CARRIED FORWARD 17,860 154,971 169,234 The notes foml part of these financial staternents Page
MERCIA Y CENTRE LTD BALANCE SHEET 31 MAR H 2026 2026 2025 Notes FIXED ASSETS Tan8ible assets 12 11,278 5.189 CURRENf ASSETS Debtors Cash gt bank and itt hand 1,146 145,044 5,730 160,723 146.190 166,453 CREDITORS Amounts falling due within on¢ year 14 {2.4971 (2.408} NET CURRENT ASSETS 143,693 164,045 TOTAL ASSETS LESS CURRENT LIABILITIES 154,971 169,234 NET ASSETS 154,971 169,234 FUNDS Unrestricted funds.. General fund Designated Funds 17 100,966 50,000 50.OQO 150.966 Restricted funds.. Restricted fund 17.86 18.268 TOTAL FUNDS 154.971 169.234 The charilable company is entitled to exemption from audit under Section 477 of die Companies Act 2006 for the yvdr ended 31 March 2026. The menibers l)ave not Tequired the company to obtain an audit of its fjnancial statements for the year ended 31 March 2026 in a¢cordanrx with Section 476 of the Companies Act 2006. Tlie trustees acknowledge tlieir responsibilities for (al ensuring tliat tlie cliaritable company keep5 8c¢ounting records that Comply wtli Sections 386 and 387 of the Companies Act 2006 and preparing financial stai¢ments which give a true and fair view of th¢ stale of affairs of the chaiitable company as at the end of each financial year and of its surplus or d¢fi¢ii for each financial yeaT in accordance with the reqLiirements of Sections 394 and 395 and which otherwise comply with the r¢quireEnents of the Companies Act 2006 relating to finanoial 5tat¢mentS. 50 far LS applicable to the charithble company. (bl Tl)e notes fomj part of these financial statements Page 9 continued...
MERCIA MSTHERAPY CENTRE LTD BALANCE SHEET- continued 31 MARCH 2026 These financial Slatements haye becn prepared in accordan with the provisions applicable to charitable companies subject 10 the small companies regim¢. Th signe statemen itsbe rea roved by the Board of frustees and authorised for issue on 3 Jun¢ 2026 and were D Partington- Trustee Tlie notes forn) part of these financial statenients Page 10
MERCIA MS THERAPY CENTRE LTD NOTES TO THE FINANCIAL STA TEMEN FOR THE YEAR ENDED 31 MARCH 2026 ACCOUNTING POLJCIES 4515 of preparing the finAn¢ial statements Tlie fiEJatscial 5tstemenl$ of tlie chariiable coinpany, Hthicli is a publtc ben¢fEt cntity under FRS 102, liav¢ been preparcd in 2ccordance with tlie Charities SORP (FRS 1021 'Accounting and Reporting by Charities. St&tenwnt of Recommended Practice applicable 10 cliarities pr¢paring their accounts in accordance witli tlie Financial Reporting Standard applicable in tlie UK and Republic of Ir¢land {FRS 1021 {effe¢tive l January 20191,, Financial Reportints Standard 102 The Financial Reporting Starkdard appli¢able in thc UK and Republi¢ of Ireland, and the Companies Act 2006. The financial 5tatcnients liave beeii prepared uoder the historical cost Convention. Ineorne All incojne is e08niSed in th¢ Staten)ent of Financial Activities once the ¢harity has entitlement to the fLrnds. it is probable that the income will be ieceived and the atnount can b¢ measured reliably. Expenditure Li8bilities are recognised as expcnditur¢ as soon as there is a legal or constru¢tive obligation committing the charity to that expenditure, It is probabl¢ that a transfer of economic benefits will be required In sefflem¢nt and the amoiint of tli¢ obligation can be measiired reliably. Expcndittire is accoiinted for on atj a¢¢ruals basis and has been classified under headings that aggregate all c05t related to tlie cate80ry. Wher¢ costs cannot b¢ dire¢¢ly attributed to particulaT h¢adin8s they have been allocated to activities on a baBrs constst¢nt with the us¢ of resources. Tangible fixed assets Depreeiation is provided at thc following annual rates in order 10 write off eaeli asset over r15 estimated usefvl life. Plant and ii)a¢hinery Fixture5 aiid fittings Computer ¢quipnient IOD/tr COSI IOOlo Oll ¢OSt 25 % on cost Taxation The charity is exempt from Corporation tax on its charitable activities. Fund Atcountlng Unrestrictcd fiinds ¢an be used in accordance wÉth the ¢haritablc objectives at the discrction of the trustees. Restri¢ted funds can only be used for particular restricted purposes within die objects of th¢ charity. Restrtctions arise when specified by the donor or w11 fvnds ar¢ raised for partÉcular Testricted pu]poses. Further explanation of the nature and purpose of each fijnd is in¢luded in the notes to th¢ financial 5tatenMIs. Hire purchase And leaslng commitments Rentals paid under operating leases are Chaed to the Statenient of FEnan¢ial ActLVlties on a straight line basis over tlje period of tlie lease. Pension eo$ts and other p05t-retirement benefits The charitable eonipany operztes a defined contribution pension scheme. Contributions payable to the ¢haritabl¢ company's pension scheme are charged to th¢ Statement of Financial Activities in the p¢riod to which They relate. Pag¢ll continued...
MERCIA MS THERAPY CENTRE LTD NOTES TO THE FINANCIAL sfATEMENT Conti FOR THE YEAR EN'DED31 MARCH 2026 DONATIONS AND LEGACIES 2026 2025 Donations from Individuals in¢luding collections Donations from corporate sponsors and charitable trusts 78,713 15,282 88,303 22,910 93.995 OTHER TKADJNG AcfiviTJES 2026 2025 Membership fecs 100 Club 2.633 2,09 1.282 2,963 910 Rooni hire in¢orne 6,005 3,873 INVESTMENT IP4COME 2026 2025 Interest receivable- tradtng 5,078 3,842 INCOME FROM CHARITABLE AcfiviTIES 2Q26 2025 Activity Income froTll charitable a¢tivitiC5 HBO and thcrapy income 70.341 60,139 CHARITABLE ACTIVITIES cOs Support Costs Isce note 7) Charitable A¢iivities 167,885 SUPPORT COSTS Charitable Activities Governance costs Totsls Charitable Activiti¢s 165.503 167,885 Page 12 continued...
MERCIA MS THERAPY CENTRE LTD TES TO THE FINANCIAL STATEMEP4TS- continued FOR THE VEAR ENDED 31 MARCH 2026 SUPPORT COSTS- tontlnued Support costs, included (tj the above, are as follows.. 2026 Charitable A¢tivities 2025 Total Wages Pensions HBO Therapy aiid otlier dire¢t therapy Costs Other operating leases Rates Repairs and Maintenance Lighf and heat Telephone Printing and 5talioiiery JtJsuran¢¢ Sundries Consumables Payroll bureau costs Depreciation of tangible and lietitage assets Accountancy and legal fees 54.722 403 59,085 20.850 4,575 1.148 10,412 1185 1.277 6,505 1.695 1.585 240 821 2.382 48.355 404 40.315 21,095 3.445 1,776 8,627 2,393 7,568 I,)98 752 240 562 2,268 167,885 140.511 NET INCOME/{EXPENDITURE) Net in¢omel(expenditure) is stated after chaigingllcredititig}-. 2026 2025 Depreciation- owned assets Hire of plant and machitjery Oth¢r operating leases 821 59,085 20,850 561 40,315 21,095 TRUSTELS, REMUNERATJON AND BENEFITS There were no trustees, remuneration or other benefils for ihe year ended 31 March 2026 Iior for lh¢ year ended 31 Marcli 2025. Trustte5' expenses There were no rrusttes. expeTrs¢5 paid for the year ended 31 March 2026 nor for the year ¢J)ded 31 March 2025. Pa(pe 13 continued..
MERCIA MSTHE Y CENTR LTD NOTES TO THE FINAN'CIAL sfATEMETrryS- continued FOR THE YEAR ENDED 31 MARCH 2026 io. STAFF COSTS 2026 2025 Wa8C5 and salaries Other pension costs 76,305 617 68,280 618 76,922 68,898 The average monthly nuinber of employees during tlJ¢ ycar was as follows.. 2026 2025 Administrative Fund Raising No einployees received ¢molumentS In excess tsf £60.000. COMPARATIVES FOR THE STATEMENT OF FINANCIAL ACTIVITIES Unreslritted fund5 Rcstricted fijnd Total fijnds INCOME AND ENDOWMENTS FROM Dottations and legacies 88.304 22.909 Charitable activities Income from charitable activit2es 60,139 60,139 Other trading activities Investment in¢ome 3,873 3.842 3,873 3.842 Total 156.158 22.909 179.067 EXPEF4DITURE ON ChgritAble actlvities Charitable A¢iivities 128,069 12.442 140,511 Raising FuThds 20,139 20,139 Total 148,208 12.442 160,650 NET INCOME 7.950 10,467 18,417 RECONCILIATION OF FUNDS Total funds broLight forward 143,016 7.801 150.817 TOTAL FUNDS CARRIED FORWAIU) 150.966 18,268 169,234 Page 14 contioued.
MERCIA MS THERAPY CEf4TRE LTD NOTES TO THE FINANCIAL STA TEMENTS- continued FOR THE YEAR ENDED31 h,IARCH 2Q26 12. TANGJBLE FJXED ASSETS Ftxtures and fittings Plant and machinery Computer equiptnent Tot2ls cosr Al l April 2Q25 Additions 80.703 1,410 59,408 5,500 12,661 152,772 6.910 At 31 March 2026 82.113 64.908 12,661 159,682 DEPRECIATION At l April 2025 ChaTge foryear 75,514 546 59,408 275 12,661 147,583 821 Ai 31 March 2026 76.060 59,683 12,661 148,404 NET BOOK VALUE At 31 March 2026 6,053 5.225 11278 At 31 March 2025 5.189 5,189 13. DEBTORS: AMouf+iTS FALLING DU& WITHIN ONE YEAR 2026 2025 Prcpayn)ents 1,146 5,730 14. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR 2026 2025 Other Creditors Accruals and def¢rred inconie 74 2,334 2.497 2,497 2.408 Is. LEASING AGREEMEIYTS Minimum lease paymeTJts ui)der non-¢8Trcellable operating lease5 fall due as follows.. 2026 2025 Within one year Between one and five years 494 1,030 494 1,524 1,524 2,018 Page 15 c0ntiru...
MERCIA MS THERAPY TRE LTD NOTES TO THE FINANCIAL sfATEMENfs- tontinutd FOR THE YEAR ENDED 31 MARCH 2026 16. ANALYSIS OF NET ASSETS BETWEEN FUNDS 2026 Total fvnds 2025 Total funds Unrestri¢t¢d fund5 Restrict¢d fund Fixed assets CuJTent assets Cuttent liabilities 4,250 13S,358 12.497) 7.028 10,832 11,278 146.190 12,4971 5,189 166.453 (2,4081 17,860 154,971 169.234 17, MOVEMEIYT IN FUNDS Net movement in funds At 31.3.26 At 1.4.25 Unrestricted funds General fund Designated Funds 100,966 50,000 {13,855) 50.000 150,966 113.8551 Restricted funds Restricted fund 18.268 (408) 17.860 TOTAL FUNDS 169,234 {14.2631 154.971 Net movement in fund5, tnclyded in the above are as follow5.. In¢oming resources Resources expended MovEinent in filnds Unrestricted funds General fund 160,135 {173.9901 113,8551 Restricted funds Re5trieted fund 15,284 (15,692) (4081 TOTAL FUNDS 175,419 (189.682) 114.26i} Page 16 ¢ontinued...
MERCIA MS THERAPY CENT LTD OTES TO THE FINANCIAL STATEMENTS- tontlnued FOR THE YEAR Eh'DED 31 MARCH 2026 17. MOVEMENT IN FUNDS- continued Comparatives for movement ID fund$ Net niovement in funds At 31.3.25 At 1.4.24 Uthrestricted funds General fund Designated Funds 93.016 50,000 7,950 100.966 50.000 143.016 7.950 150,966 Restricted funds Restricted furtd 7.801 10,467 18,268 TOTAL FUNDS 150,817 18.417 169,234 Comparaiive net movement in funds, included in die above are as follows.. In¢oining resources Resource3 expended Moveniettt in funds Unrestricted funds General fund 156,158 (148.2081 7,950 Restrtcted funds Restricted fund 22,909 112,442) 10,467 TOTAL FUNDS 179,067 1160,650) 18,417 A currei)l year 12 months aiid prior year 12 months conibined position ts as follows.. Net niovcment in fi]Dds At 31.3.26 At 1.4.24 Unrestrrcted fMnd5 General fund Designated Funds 93,016 50,000 {5.905) 50.000 143.016 (5,9051 Restrleted fuRd$ Restricted fund 7,801 10.059 17,860 TOTAL FUNDS 150.817 4.154 154.971 Pa8e 17 ¢ontinued...
MERCIA MS THERAPY CENTRE LT OTES TO THE FINANCIAL STA TEt¥lENTS- ¢ontlnued FOR THE YEAR ENDED 31 MARCH 2026 17. MOVEMENf IN FUNDS- continued A ¢UTrent year 12 montl)s and prtor year 12 monihs combined net movement in fvnd5, included in the al)ove are as follows.. Incoming resour¢es Resoiirces expended MovenieTrt in lld3 Unrestricted funds General fund 316.293 (322.198) (5.905} Restricted funds Restricted fund 38,193 {28,134) 10.059 TOTAL FUNDS 354.48G (350.332) 4,154 18. RELATED PARTY DISCLOSURES There were no related party trans2Ctions for die year ended 31 Marcli 2026. Page 18
MERCIA MS THERAPY CENTRE LTD DETAILED STATEMENT OF FINANCIAL ACTIVITIES FOR THE YEAR ENDED 31 MARCH 2026 2026 2025 INCOME AND ENDOWMENrs Donations and legacies Donations froiii Individtsa15 ineludtng ¢oll¢ctions Donations from Corrate sponsors and charitsble trust5 78.713 88.303 15.282 22.910 93,995 Oth¢r trnding activities Membership ft¢s 100 Club Room hir¢ InMe 2.633 2.090 1,282 2.963 910 6,005 3,873 Investment income Interest receivable- trading 5.078 3.842 ChArit%tble attivitie5 HBO and theTapy income 7Q,341 60,li9 Total Ineoming resources 175.419 179,067 EXPENDITURE Rai5inu Fund5 Fundraising staff costs Fundraising staff pension cost 21,583 214 19,925 214 21,797 20,139 Expenditure on Charitable Activitles Charitable Activities Wages Pensions HBO Therapy and other direct therapy costs Other operating lease5 Rates Repairs wid Maintehan¢e Liglil and lieat Teleplione Printing and stationery Insurance Sundri¢s Consumables Payroll bur¢3u costs Plant and machinery Carried forward 54,722 48.355 404 40.315 21,095 3,445 1,776 ,627 2.393 59,085 20,850 4.575 1,148 10,412 2.185 1,277 6,505 1.695 1,585 240 546 165.228 7,568 1.398 752 240 562 138.243 This page does not fom) part of the statutory financial statements Page 19
MERCIAMS THERAPY CENTRE LTD DETAILED STATEMENT OF FINANCIAL ACTIVITIE FOR THE YEAR ENDED 31 MARCH 2026 2026 2025 ChArRtgble Activities Broughf forward Fixtures and fittings 165,228 275 138,243 165,503 138.243 Governanee cost5 A¢¢ountancy and legal fees 2,382 2,268 Total resource5 expended 189,682 160,650 Net (expenditurellirLcom¢ 114.263) 18,417 This page does not forni part of ihe Statutory fEnan¢ial statement5 Page 20
REGisfERED COMPANY NUMBER: 02366441 (Eng12nd alld Wales) REGISTERED CHARITY NUMBER: 701561 CIAM ERAPY CENTRE LTD UNA ITED FINANCtAL STATEMETr4TS FOR TUE YEAR ENDED 31 MARCH 2026 Ann5trong5 Ctjartered Accountants and Tax Advisors Gethin House 36 Bond Street Nuneaton CVII 4DA
MERCIA MS THERAPY CENTRE LTD CONTENTS OF THE FINANCIAL STATEMENTS FOR THE YEAR Ef4DED 31 MARCH 2026 Page Reference and Admlnistrative Detalls Report of the Trustees tndependent Examiner's Report Statement of Financial Activltles Balance Sheet 9 to 10 Notes to the Financlal StateJDents 11 to 18 Detalled Statement of FinAnelal Attivities 19 to 20
MERCIA MS THERAPY CENTRE LTD REFERENCE AND ADIVIINISTRATIVE DETAILS FOR THE YEAR ENDED 31 MARCH 2026 TRUSTEES D Ridgwdy Trnstee L Bames Tn]stee D Partington Tn]stee C Ailbut Trustee B Blackaby {appointed 22.10.2025) REGISTERED OFFICE 8 Macefield Close Alderrnans Green Industrial Estate Coventy West Midlands CV2 2PJ REGISTEK£D COMPANY NUMBER 02366441 (England and Wales) REGISTERED CHARITY NUMBER 701561 tr4DEPENDENT EXAMINER A[$trOngS CIMrtered Accountants and Tax Adviwrs Gethin House 36 Bolld Streei Nuneaton Warwick8hire CVII 4DA Page I
MERCIA MS THE114PY CEFITRE LTD REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31 MARCH 2026 The trut$ who are also directOIs of the charity for the puryoses of the Companies A¢¢ 2006, present their report with the financial statements of the charity for the year ended 31 March 2026. Th¢ tTUStee5 have adopted the proyisions of Accounting and Reporting by ChÈrilies'. Statement of Recomm¢nded Practice applicable to clwities preparing their accounts in accordance with the Financial Reporting Standard applicable itt the UK and Republic of Ireland IFRS 102) {effective l January 20191. OBJECTIVES AND ACTIVITIES Objectives And Aetivities The CompanS objectives and principal activitie5 are to help people with Multiple Scleiosis {and their Carers) 10 remain as active and mobile a5 Possible commensurate with their diffL¢ulties. The Charity offers a Yariery of therapies all practiced by professionally qualified therapists. These are 2150 available for Many other conditions, including children who have Cerebral Palsy and Autism and Cancer patients. All are available to our mernbers witbitL the Centre which PTovides a friendly 2nd relaxed enviromnent wliere they can enjoy companionship and peer support. Page 2
MERCIA MS THEIi4PY CENTRE LTD REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31 MARCH 2026 OBJECTIVES AND ACTfviTIES Therapies Oxygen Therapy We have two chambers wherein we treat people with Multtple Sclerosis and otheT neurological conditions, Autisjn and C¢TebTal Palsy, Cattcer and still have spare ¢apa¢ity available. Physiotherdpy Is Siill a very popular therdpy, essential for those witb Multiple S¢lerosis. We have specialised equipmellt including an electtically operated Stsnding frame which ellabl&s rnembeT8 norn]ally restricted to a wheelchair to stand upright. We also have upper body gym equipment, balance ¢quipm¢nt and power assisted exereise bikes, all due to generous donatiOll8 from Charitable Trusts. We have all increasing number of people recovering from strokes who are Lsing our physiotherapy seryice. Reflexology This therdpy is still very popular with our member5 and helps relieve pain and discomfort and aids relaxation. Yoga Utilised by a smaller group of people, who nevertheless benefit frojn the therdpy. Our yo8? kacher tailers the Clae3 to rneet the nexds of ea¢b individual taknlg pan, so that they can set the I]XImuM benefit dependiag on their abtlities. Viofor Viofor equipnient provides pain relief to sufferers of Multiple Sclerosis and other ¢ondition4 by using electromagnetics. Sports Therapist Specialiising in lower back pain including Sciatica, sports illjuri¢s and chroni¢ Conditions. Foot Health We have a piactitioner who attends the centre tivice montbjy to treat members, fotst problems.Tbis is a vital and very popular therapy. Outreach Service-Home Visits We realised that there were a number of our ernberS who We becomillg iu¢reasingly isolated due to their age altd ill health alld were finding it ditTicult to attend the centre for th¢ir treathellts. Thanks to the generosity of charitable twsts we have start¢d an outreach servi¢e Mthereby those Jnenthers can no longer attend the centre ¢an be visited at hom¢ by a therdpist. Counselling We have a counsellor who gives her time free of Cbarge to our members should they wish to access her services. Therdpy days We hold several therapy tester dayslwellbeing days per year, Whe people with many different medical ¢oDditiow ca access all our thenpies for a snMII donation al on occasions free of charge if fi]Dding is in place. Therapeutic classes Whetj fuJJds ar¢ available vaTiOUS art and craft classes are be]d for our membets. Members find these activities therapeutic, creative and withill their physicA] capabilitie$. Page 3
MER IAMS ERAPY CENTRE LTD REPORT OF THE TRUSTEES OR THE YEAR ENDLD 31 MARCH 2026 OBJECTIVES AND ACTIVITIES Advlce and InforntiOn Our approach 10 distributing advice and urfomvation Continues to evolve, eornbining traditional materials with an expanding digital presence to ensure accessibility for a wide audience. In addition to the annual accounts we produce an iTJforn]ation leafIet that outlines our range of therapies, iticluding images and details about our therapists. These leaflets are available in our reptIOn area, provided ¢0 individua]s attending trial oxygen therapy ses$ions, and distributed at fUndls]ng activities and community events. A portable roller banner is also used al infomiation days, talks and Outreach events to support engagemerlt with tbe wider ¢ommunity. To ¢ompleTnent our printed materials, we produce tailoied infomialion packs for open days as well as four inforn]ative newsletters each year to keep inembers and supporters updated on our work. Our ottie presence play5 an increasingly central role in how we share ionatiOn. Our website 5erve5 as a key hub for llp-to-daie resources, seryices details and contact inf0mtIon. tn additioll, our social media channels are a primary mens of communicatioffj enabling US to share news, promote events* provide health related inforn]ation, and engage with the community in a titnely and accessible way. Togethei, tbe5e methods ensure that our InforntiOn As widely available, rt%wnsive to eutrent needs and accessible across both physical and digit21 platfornjs. TralnAng TraintnE ts given to staff in first aid, fire safety, child protection, fimdraising techniques and charity aud volunteer management. TEzining is also gtven in the operation of the two oxygen tberapy chambers. This training is also given to volunteers who. when trdined, will be exarnined and certified by the Centre Manager. Financial Review The Twtees have an agreed reserve policy that sets out to ensure the stability of expenditure plans for the maintenance of essential services and reflects the risk5 of unplarjned closure asSO¢lated with spending committnents, potential liabtlities, and fanCIal forecasting. and addresses the risks to their benefjciaries, staff, and volunteers The trustees have also set aside a designated fund of £50k as as contingency to help finance futur¢ large repairs and replacements of capital equipment" this will be held in an easy-access aecount. The undesigll2tcd fimds will be held in # Cuent aceount. Inveent Ind Reserves Policy Surplus fimds are invested in the Cambridge and Countries. yjelding a rettlm of 1.750/0. Aside from retainio8 a prudent amount in res¢rve each year most of the clwity funds are spent in the short teirn and there are few fU[S available lor long tem investment. When we have achieved our goal for our reserve policy we ean reconsider an additional illv¢stmeDt which may give a higher return. The tnjstees have exarnined the charities, requirements for reserves in light of the organisation's risk%. They have established a policy whereby fvnds Dol con]mitted or invested in tangible fixed a&sets held by the charity should be between SIK 2nd nine ]nonths of expenditure, and b&sed on 2025 figures, the wget is between £78k and £178k Tbese reserves will be held in an investsllettt a¢count. The reserves are needed to meet the working capital requirernents, and the day-to-day njnning of the charity and the Mallagejnent CollJJDittee are confident that at this level they would be able to continue the current activities of the charity in the event of a significant drop in funding. Free reserves available to the charity are £137,11 l and we have therefore met our nine month target level. However, the management conjtnittee has Set aside a designated fvnd of £50.000 out of the free reserves, as a ¢ootingency filljd to help finance future large repair costs ond Teplacement of capitsl eqURplllll and this has reduced the free reserves to £87,111 Page 4
MERCIA MS THERAPY CENTRE L REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31 MARCH 2026 OWLCTIVFS A14D ACTIVITIES We would like to giv¢ thajjks to our rnain contributr)rs for their continued support and fvnditjg of the charity. The Febrnry Foundation FC Stokes Trust The R S Browllless ChaTilable Trust Marsh Charitable Tnjst Th¢ G¢n¢ral Charities of the City of Coventy Baron Davenports Charity Severn Trent CommunityFuDd WPH Charitable Tnjst The Florence TurnerTrust The Gilander Foundation B8rebester Charitable Foundation Coventy Cburcb (Municipal) Charities National Grid Co-op Community Fulld Coventy & District Charitable TnLSt JC Seccombe Tnt IMI Charities Committee Co-op bank con)unIty Fund Kenilworth 'on5 PLANS FOR THE FirrtJRE Our priority for 2026 is to continue to rdise suificient fvnds and to iticrea5e the lltilisation of our therapy ¢entre by other disability and community gtoups who n)ay benefit from the facilities and services thai we call offer here. Also we have an increasing nuznber of caT]cer patients and long covid p8tieDts Ing our centre and we bope to develop some specific sel¢eS for thi5 purpose. STRUCTifRE, GOVERNANCE AND MAf4AGEMENT Covernlng document The oIgani5ation is charitable company limited by guaraate4 iocorporated on 29th March 1989 and registered as a harity on 16th May 1989. The Company was established under a Memornmlum of Association which deternJin¢d the objects and powers of the charitable company and is governed under its Arti¢les of Associatioll. In the ev¢nt of the company being wound up m¢mber8 are not required to contribute financially. RecrultmeDt and appointment of the Management Commlttee The Directors of the Company are also charity tsustees for the purposes of chan.ty law at)d under the copArtS Articles are known as a Committee olmallagernent. Under the r¢quirnents of the Memonndum and Article$ of Asso¢iation the members of the Management Cornn)ittee are elected to serve for one year afier which they must b¢ re-¢lecied at the next Allnual General Meeting. Page 5
MERCIA THERAPY CENTRE LTD PORT OF TH TRUSTEES EAR ENDED 31 MARCH 2026 FOR TH STRucfuRE, GOVERNANCE AND MANAGEMENT Org#nisational structure The Mercia MS Therapy Centre has a Managemeni coUttee of up to six members. who rne every 3 months. The CentTe Manager also attends. The Centr¢ Manager does noi have any voting rights at thes¢ meetings. The Centre Man2ger 15 responsible to the Cliairjnan of Tn]slees for Fundraisio& io ensure that ¢OTporate and comrnunity fundTaising are progressed efficiently and effectively, Ihe safe and efftcient running of the centre aiid the monitoring and recording of all operational peCtS covertng the safety of people when receiving Oxygen therapy within the oxygen chambers. The Admtnistralion and FundTai5in8 Officers. oxygen chamber operators are responsible to the Centre Manager for the 3af¢ry of all people withiTh the Cent, that it is run smoothly on a day-to-day basis, and thal the therapist's appoin¢m¢nt systems are run etTi¢iently. They are also the r¢5ponsible officer for fjrst aid within the centre. The Centre manager and the Tre2sur¢F issue Inonthly reports to the Management Comniittee detailing their r¢spe¢tive up-to-date posilions, the current financtal income and expendtture and total cash resouT¢e available to the organisation. They also detail iherapy usage, 211 fundraistThg activity. funds achieved and a timetable of ndraIsing events and collections. Induction and training of new trustees Most trustees, being members arc already familiar with the varying therdpies practiced ivitliin the ¢¢ntre and fhe organisalional Structure. New Trustees would be shown around (together wtli introductions to mcmbers and therapists) by the Chairnian and Centre Managcr. All trustees will be given the Charity Commission booklet covering Obligations of Trustees together iviih tlle cliarity's own document detailing the activittes undertaken ivitliin Elle Centre and detailing wljat is expected of Ihem as Irusiees. The fundamental points within the Articles of Association and Memorandum will be enumerated and discussed iogetlier with a copy of the latest annual aecounts and copy of die Charity's Ihree-year plan. Management Committee Mr D Ridg¥vdy- Treasurer Mr C Kitson- Chairynan Ircsigned 18.03.20261 Mrs L Bames Mr D Partington- Intetmin Chaimiatt Mrs C Allbut Mr B Blackaby Setretary Management Tegm Mrs M McDeniiott Icenlre Manager) Mrs K Browne (Fundraixerl Mr$ E Pipcr (General Assistant) Mrt C Jones (General Assisrantl Risk Assessment Tjie Management Comniittee during 2021 cariied out a review of Ilie major risks to which the charity could be ¢xp05ed witli tlie preparation of a busine55 plan to 2025. The Jiiajor one being if donations and otlier ndraISing sources should be drastically curtailed. Any new proje¢t or equipment will not be in)pleTnented or pur¢liased until funding lias beell ¢quircd. Intemal Control risks are minimised by the introduciion of a system wliereby key financial ¢ontrtsls are recorded by th¢ treasurer and all Fundraising and oiheT key procedures are recorded and filed by the Cent Administrator and the Centre Manager. This teport has been prepared in accordance wilh the special provisions of Part 15 of the Cotrjpanies Act 2006 relatin8 to small ¢ompanies. d by order o ard (Ff trust es on 3 June 2026 and 5agned on its behalf by.. D Partington. Trustee Page 6
INDEPENDENT EXAMINER'S REPORT TO THE TRUSTEES OF MERCIA MS THERAPY CENTRE LTD Independen¢ examiner's report to the trustees of MercBa MS Therapy Centre Ltd I'the Company'l I report to the charity trustees on my examination of the accoiints of the Colnpany for the year ended 31 Mah 2026. Responsibilitie5 and bA$is of report A5 tlie charity's trustees of tIie Company {and also its directOT5 for the pufj)oses of company law) you are responsible for the preparation tsf the accounts in accordajice wtth Ilie requiremenis of the Coillpanies Act 2006 {'the 2006 Acf). Having satisfied myself that the accounts of tlie Company are not required to be audited under Part 16 of the 2006 Act and are eli(pible for independent examination. I report in respect of my exaniination of yotsr rliarity's acrouDts as carried out under Section 145 of the Cliarities Act 2011 (Ihe 2011 Act,). In ¢anying out my examination I liave followed the Dire¢iions given by the Charity Commission und¢r Section 145(51 {b) of tlie 2011 Act. INdep¢ndent exarniner's statement I havc completed my exan)ination. I confirm ihai no Tnatters have come to my attention in connection witli the examination giving me cause to beli¢ve'. accounting ie¢ord5 were not kept in respect of the Company as required by Section 386 of the 2006 Act.. or the accounts do not accord with those records.. or the a¢counts do not comply with the a¢¢ourtting requirenlents of Section 396 of the 2006 Act other than any requireJts¢nt that tlie a¢¢oiints giv¢ a triie and fair view which is not a matter considered as part of an independcnt examination., or the accounts liavc not been prepared in a¢cordance with the m¢thods and principles of the Statem¢nt of Recornrnended Practice for arcounting and reporting by chariiies (applicable to charities prepariiig their accoLTrnts in accordance witli the Financial Reporting Standard applicable in tlie UK and Republic of Irelatjd (FRS 102)). I Iiave no ¢on¢ems and have ¢om¢ across no other matters in connection with d)e examination to whscli attention should b¢ drawi in fhis report in order 10 enable a propeT und¢rsianding of tlie accounts to be reaclied. Muhammed Shabbir Ann5trong5 Chartered A¢¢out)lants and Tax Advisors Getl)in House 36 Bond Street Nunealon Warwicksliire CVII 4DA 3 June 2026 Page 7
MERCRA MS THERAPY CENTRE TD STATEMENT OF FINANCIAL AcfivITIES FOR THE YEAR ENDED 31 MARCH 2026 2026 Total fiJRds 2025 Total funds Unrestricted fi]nds Restricted fund Noies INCOME AND ENDOWMENTS FROM Donations and legacie5 78.711 15.284 93,995 Charitable getlvities Inconie from charitable a¢tiviiies 70,341 70,341 60,139 Other trading activities Investment income 6,005 5.078 6.005 5,078 3,873 3,842 Total 160,135 15,284 175,419 179.067 EXPENDITURE ON ChAritable activities Charitable Activities 152,193 15.692 167,885 140.51 Raising Funds 21,797 21,797 20.139 Total 173,990 15,692 189,682 160,650 NET JNCOMEIIEXPENDITURE) (13.855} (4081 (14,2631 18,417 RECONCILIATION OF FUNDS Total fi]nds broug]it forwaTd 150,966 18,268 169.234 150.817 TOTAL FUNDS CARRIED FORWARD 17,860 154,971 169,234 The notes foml part of these financial staternents Page
MERCIA Y CENTRE LTD BALANCE SHEET 31 MAR H 2026 2026 2025 Notes FIXED ASSETS Tan8ible assets 12 11,278 5.189 CURRENf ASSETS Debtors Cash gt bank and itt hand 1,146 145,044 5,730 160,723 146.190 166,453 CREDITORS Amounts falling due within on¢ year 14 {2.4971 (2.408} NET CURRENT ASSETS 143,693 164,045 TOTAL ASSETS LESS CURRENT LIABILITIES 154,971 169,234 NET ASSETS 154,971 169,234 FUNDS Unrestricted funds.. General fund Designated Funds 17 100,966 50,000 50.OQO 150.966 Restricted funds.. Restricted fund 17.86 18.268 TOTAL FUNDS 154.971 169.234 The charilable company is entitled to exemption from audit under Section 477 of die Companies Act 2006 for the yvdr ended 31 March 2026. The menibers l)ave not Tequired the company to obtain an audit of its fjnancial statements for the year ended 31 March 2026 in a¢cordanrx with Section 476 of the Companies Act 2006. Tlie trustees acknowledge tlieir responsibilities for (al ensuring tliat tlie cliaritable company keep5 8c¢ounting records that Comply wtli Sections 386 and 387 of the Companies Act 2006 and preparing financial stai¢ments which give a true and fair view of th¢ stale of affairs of the chaiitable company as at the end of each financial year and of its surplus or d¢fi¢ii for each financial yeaT in accordance with the reqLiirements of Sections 394 and 395 and which otherwise comply with the r¢quireEnents of the Companies Act 2006 relating to finanoial 5tat¢mentS. 50 far LS applicable to the charithble company. (bl Tl)e notes fomj part of these financial statements Page 9 continued...
MERCIA MSTHERAPY CENTRE LTD BALANCE SHEET- continued 31 MARCH 2026 These financial Slatements haye becn prepared in accordan with the provisions applicable to charitable companies subject 10 the small companies regim¢. Th signe statemen itsbe rea roved by the Board of frustees and authorised for issue on 3 Jun¢ 2026 and were D Partington- Trustee Tlie notes forn) part of these financial statenients Page 10
MERCIA MS THERAPY CENTRE LTD NOTES TO THE FINANCIAL STA TEMEN FOR THE YEAR ENDED 31 MARCH 2026 ACCOUNTING POLJCIES 4515 of preparing the finAn¢ial statements Tlie fiEJatscial 5tstemenl$ of tlie chariiable coinpany, Hthicli is a publtc ben¢fEt cntity under FRS 102, liav¢ been preparcd in 2ccordance with tlie Charities SORP (FRS 1021 'Accounting and Reporting by Charities. St&tenwnt of Recommended Practice applicable 10 cliarities pr¢paring their accounts in accordance witli tlie Financial Reporting Standard applicable in tlie UK and Republic of Ir¢land {FRS 1021 {effe¢tive l January 20191,, Financial Reportints Standard 102 The Financial Reporting Starkdard appli¢able in thc UK and Republi¢ of Ireland, and the Companies Act 2006. The financial 5tatcnients liave beeii prepared uoder the historical cost Convention. Ineorne All incojne is e08niSed in th¢ Staten)ent of Financial Activities once the ¢harity has entitlement to the fLrnds. it is probable that the income will be ieceived and the atnount can b¢ measured reliably. Expenditure Li8bilities are recognised as expcnditur¢ as soon as there is a legal or constru¢tive obligation committing the charity to that expenditure, It is probabl¢ that a transfer of economic benefits will be required In sefflem¢nt and the amoiint of tli¢ obligation can be measiired reliably. Expcndittire is accoiinted for on atj a¢¢ruals basis and has been classified under headings that aggregate all c05t related to tlie cate80ry. Wher¢ costs cannot b¢ dire¢¢ly attributed to particulaT h¢adin8s they have been allocated to activities on a baBrs constst¢nt with the us¢ of resources. Tangible fixed assets Depreeiation is provided at thc following annual rates in order 10 write off eaeli asset over r15 estimated usefvl life. Plant and ii)a¢hinery Fixture5 aiid fittings Computer ¢quipnient IOD/tr COSI IOOlo Oll ¢OSt 25 % on cost Taxation The charity is exempt from Corporation tax on its charitable activities. Fund Atcountlng Unrestrictcd fiinds ¢an be used in accordance wÉth the ¢haritablc objectives at the discrction of the trustees. Restri¢ted funds can only be used for particular restricted purposes within die objects of th¢ charity. Restrtctions arise when specified by the donor or w11 fvnds ar¢ raised for partÉcular Testricted pu]poses. Further explanation of the nature and purpose of each fijnd is in¢luded in the notes to th¢ financial 5tatenMIs. Hire purchase And leaslng commitments Rentals paid under operating leases are Chaed to the Statenient of FEnan¢ial ActLVlties on a straight line basis over tlje period of tlie lease. Pension eo$ts and other p05t-retirement benefits The charitable eonipany operztes a defined contribution pension scheme. Contributions payable to the ¢haritabl¢ company's pension scheme are charged to th¢ Statement of Financial Activities in the p¢riod to which They relate. Pag¢ll continued...
MERCIA MS THERAPY CENTRE LTD NOTES TO THE FINANCIAL sfATEMENT Conti FOR THE YEAR EN'DED31 MARCH 2026 DONATIONS AND LEGACIES 2026 2025 Donations from Individuals in¢luding collections Donations from corporate sponsors and charitable trusts 78,713 15,282 88,303 22,910 93.995 OTHER TKADJNG AcfiviTJES 2026 2025 Membership fecs 100 Club 2.633 2,09 1.282 2,963 910 Rooni hire in¢orne 6,005 3,873 INVESTMENT IP4COME 2026 2025 Interest receivable- tradtng 5,078 3,842 INCOME FROM CHARITABLE AcfiviTIES 2Q26 2025 Activity Income froTll charitable a¢tivitiC5 HBO and thcrapy income 70.341 60,139 CHARITABLE ACTIVITIES cOs Support Costs Isce note 7) Charitable A¢iivities 167,885 SUPPORT COSTS Charitable Activities Governance costs Totsls Charitable Activiti¢s 165.503 167,885 Page 12 continued...
MERCIA MS THERAPY CENTRE LTD TES TO THE FINANCIAL STATEMEP4TS- continued FOR THE VEAR ENDED 31 MARCH 2026 SUPPORT COSTS- tontlnued Support costs, included (tj the above, are as follows.. 2026 Charitable A¢tivities 2025 Total Wages Pensions HBO Therapy aiid otlier dire¢t therapy Costs Other operating leases Rates Repairs and Maintenance Lighf and heat Telephone Printing and 5talioiiery JtJsuran¢¢ Sundries Consumables Payroll bureau costs Depreciation of tangible and lietitage assets Accountancy and legal fees 54.722 403 59,085 20.850 4,575 1.148 10,412 1185 1.277 6,505 1.695 1.585 240 821 2.382 48.355 404 40.315 21,095 3.445 1,776 8,627 2,393 7,568 I,)98 752 240 562 2,268 167,885 140.511 NET INCOME/{EXPENDITURE) Net in¢omel(expenditure) is stated after chaigingllcredititig}-. 2026 2025 Depreciation- owned assets Hire of plant and machitjery Oth¢r operating leases 821 59,085 20,850 561 40,315 21,095 TRUSTELS, REMUNERATJON AND BENEFITS There were no trustees, remuneration or other benefils for ihe year ended 31 March 2026 Iior for lh¢ year ended 31 Marcli 2025. Trustte5' expenses There were no rrusttes. expeTrs¢5 paid for the year ended 31 March 2026 nor for the year ¢J)ded 31 March 2025. Pa(pe 13 continued..
MERCIA MSTHE Y CENTR LTD NOTES TO THE FINAN'CIAL sfATEMETrryS- continued FOR THE YEAR ENDED 31 MARCH 2026 io. STAFF COSTS 2026 2025 Wa8C5 and salaries Other pension costs 76,305 617 68,280 618 76,922 68,898 The average monthly nuinber of employees during tlJ¢ ycar was as follows.. 2026 2025 Administrative Fund Raising No einployees received ¢molumentS In excess tsf £60.000. COMPARATIVES FOR THE STATEMENT OF FINANCIAL ACTIVITIES Unreslritted fund5 Rcstricted fijnd Total fijnds INCOME AND ENDOWMENTS FROM Dottations and legacies 88.304 22.909 Charitable activities Income from charitable activit2es 60,139 60,139 Other trading activities Investment in¢ome 3,873 3.842 3,873 3.842 Total 156.158 22.909 179.067 EXPEF4DITURE ON ChgritAble actlvities Charitable A¢iivities 128,069 12.442 140,511 Raising FuThds 20,139 20,139 Total 148,208 12.442 160,650 NET INCOME 7.950 10,467 18,417 RECONCILIATION OF FUNDS Total funds broLight forward 143,016 7.801 150.817 TOTAL FUNDS CARRIED FORWAIU) 150.966 18,268 169,234 Page 14 contioued.
MERCIA MS THERAPY CEf4TRE LTD NOTES TO THE FINANCIAL STA TEMENTS- continued FOR THE YEAR ENDED31 h,IARCH 2Q26 12. TANGJBLE FJXED ASSETS Ftxtures and fittings Plant and machinery Computer equiptnent Tot2ls cosr Al l April 2Q25 Additions 80.703 1,410 59,408 5,500 12,661 152,772 6.910 At 31 March 2026 82.113 64.908 12,661 159,682 DEPRECIATION At l April 2025 ChaTge foryear 75,514 546 59,408 275 12,661 147,583 821 Ai 31 March 2026 76.060 59,683 12,661 148,404 NET BOOK VALUE At 31 March 2026 6,053 5.225 11278 At 31 March 2025 5.189 5,189 13. DEBTORS: AMouf+iTS FALLING DU& WITHIN ONE YEAR 2026 2025 Prcpayn)ents 1,146 5,730 14. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR 2026 2025 Other Creditors Accruals and def¢rred inconie 74 2,334 2.497 2,497 2.408 Is. LEASING AGREEMEIYTS Minimum lease paymeTJts ui)der non-¢8Trcellable operating lease5 fall due as follows.. 2026 2025 Within one year Between one and five years 494 1,030 494 1,524 1,524 2,018 Page 15 c0ntiru...
MERCIA MS THERAPY TRE LTD NOTES TO THE FINANCIAL sfATEMENfs- tontinutd FOR THE YEAR ENDED 31 MARCH 2026 16. ANALYSIS OF NET ASSETS BETWEEN FUNDS 2026 Total fvnds 2025 Total funds Unrestri¢t¢d fund5 Restrict¢d fund Fixed assets CuJTent assets Cuttent liabilities 4,250 13S,358 12.497) 7.028 10,832 11,278 146.190 12,4971 5,189 166.453 (2,4081 17,860 154,971 169.234 17, MOVEMEIYT IN FUNDS Net movement in funds At 31.3.26 At 1.4.25 Unrestricted funds General fund Designated Funds 100,966 50,000 {13,855) 50.000 150,966 113.8551 Restricted funds Restricted fund 18.268 (408) 17.860 TOTAL FUNDS 169,234 {14.2631 154.971 Net movement in fund5, tnclyded in the above are as follow5.. In¢oming resources Resources expended MovEinent in filnds Unrestricted funds General fund 160,135 {173.9901 113,8551 Restricted funds Re5trieted fund 15,284 (15,692) (4081 TOTAL FUNDS 175,419 (189.682) 114.26i} Page 16 ¢ontinued...
MERCIA MS THERAPY CENT LTD OTES TO THE FINANCIAL STATEMENTS- tontlnued FOR THE YEAR Eh'DED 31 MARCH 2026 17. MOVEMENT IN FUNDS- continued Comparatives for movement ID fund$ Net niovement in funds At 31.3.25 At 1.4.24 Uthrestricted funds General fund Designated Funds 93.016 50,000 7,950 100.966 50.000 143.016 7.950 150,966 Restricted funds Restricted furtd 7.801 10,467 18,268 TOTAL FUNDS 150,817 18.417 169,234 Comparaiive net movement in funds, included in die above are as follows.. In¢oining resources Resource3 expended Moveniettt in funds Unrestricted funds General fund 156,158 (148.2081 7,950 Restrtcted funds Restricted fund 22,909 112,442) 10,467 TOTAL FUNDS 179,067 1160,650) 18,417 A currei)l year 12 months aiid prior year 12 months conibined position ts as follows.. Net niovcment in fi]Dds At 31.3.26 At 1.4.24 Unrestrrcted fMnd5 General fund Designated Funds 93,016 50,000 {5.905) 50.000 143.016 (5,9051 Restrleted fuRd$ Restricted fund 7,801 10.059 17,860 TOTAL FUNDS 150.817 4.154 154.971 Pa8e 17 ¢ontinued...
MERCIA MS THERAPY CENTRE LT OTES TO THE FINANCIAL STA TEt¥lENTS- ¢ontlnued FOR THE YEAR ENDED 31 MARCH 2026 17. MOVEMENf IN FUNDS- continued A ¢UTrent year 12 montl)s and prtor year 12 monihs combined net movement in fvnd5, included in the al)ove are as follows.. Incoming resour¢es Resoiirces expended MovenieTrt in lld3 Unrestricted funds General fund 316.293 (322.198) (5.905} Restricted funds Restricted fund 38,193 {28,134) 10.059 TOTAL FUNDS 354.48G (350.332) 4,154 18. RELATED PARTY DISCLOSURES There were no related party trans2Ctions for die year ended 31 Marcli 2026. Page 18
MERCIA MS THERAPY CENTRE LTD DETAILED STATEMENT OF FINANCIAL ACTIVITIES FOR THE YEAR ENDED 31 MARCH 2026 2026 2025 INCOME AND ENDOWMENrs Donations and legacies Donations froiii Individtsa15 ineludtng ¢oll¢ctions Donations from Corrate sponsors and charitsble trust5 78.713 88.303 15.282 22.910 93,995 Oth¢r trnding activities Membership ft¢s 100 Club Room hir¢ InMe 2.633 2.090 1,282 2.963 910 6,005 3,873 Investment income Interest receivable- trading 5.078 3.842 ChArit%tble attivitie5 HBO and theTapy income 7Q,341 60,li9 Total Ineoming resources 175.419 179,067 EXPENDITURE Rai5inu Fund5 Fundraising staff costs Fundraising staff pension cost 21,583 214 19,925 214 21,797 20,139 Expenditure on Charitable Activitles Charitable Activities Wages Pensions HBO Therapy and other direct therapy costs Other operating lease5 Rates Repairs wid Maintehan¢e Liglil and lieat Teleplione Printing and stationery Insurance Sundri¢s Consumables Payroll bur¢3u costs Plant and machinery Carried forward 54,722 48.355 404 40.315 21,095 3,445 1,776 ,627 2.393 59,085 20,850 4.575 1,148 10,412 2.185 1,277 6,505 1.695 1,585 240 546 165.228 7,568 1.398 752 240 562 138.243 This page does not fom) part of the statutory financial statements Page 19
MERCIAMS THERAPY CENTRE LTD DETAILED STATEMENT OF FINANCIAL ACTIVITIE FOR THE YEAR ENDED 31 MARCH 2026 2026 2025 ChArRtgble Activities Broughf forward Fixtures and fittings 165,228 275 138,243 165,503 138.243 Governanee cost5 A¢¢ountancy and legal fees 2,382 2,268 Total resource5 expended 189,682 160,650 Net (expenditurellirLcom¢ 114.263) 18,417 This page does not forni part of ihe Statutory fEnan¢ial statement5 Page 20
REGisfERED COMPANY NUMBER: 02366441 (Eng12nd alld Wales) REGISTERED CHARITY NUMBER: 701561 CIAM ERAPY CENTRE LTD UNA ITED FINANCtAL STATEMETr4TS FOR TUE YEAR ENDED 31 MARCH 2026 Ann5trong5 Ctjartered Accountants and Tax Advisors Gethin House 36 Bond Street Nuneaton CVII 4DA
MERCIA MS THERAPY CENTRE LTD CONTENTS OF THE FINANCIAL STATEMENTS FOR THE YEAR Ef4DED 31 MARCH 2026 Page Reference and Admlnistrative Detalls Report of the Trustees tndependent Examiner's Report Statement of Financial Activltles Balance Sheet 9 to 10 Notes to the Financlal StateJDents 11 to 18 Detalled Statement of FinAnelal Attivities 19 to 20
MERCIA MS THERAPY CENTRE LTD REFERENCE AND ADIVIINISTRATIVE DETAILS FOR THE YEAR ENDED 31 MARCH 2026 TRUSTEES D Ridgwdy Trnstee L Bames Tn]stee D Partington Tn]stee C Ailbut Trustee B Blackaby {appointed 22.10.2025) REGISTERED OFFICE 8 Macefield Close Alderrnans Green Industrial Estate Coventy West Midlands CV2 2PJ REGISTEK£D COMPANY NUMBER 02366441 (England and Wales) REGISTERED CHARITY NUMBER 701561 tr4DEPENDENT EXAMINER A[$trOngS CIMrtered Accountants and Tax Adviwrs Gethin House 36 Bolld Streei Nuneaton Warwick8hire CVII 4DA Page I
MERCIA MS THE114PY CEFITRE LTD REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31 MARCH 2026 The trut$ who are also directOIs of the charity for the puryoses of the Companies A¢¢ 2006, present their report with the financial statements of the charity for the year ended 31 March 2026. Th¢ tTUStee5 have adopted the proyisions of Accounting and Reporting by ChÈrilies'. Statement of Recomm¢nded Practice applicable to clwities preparing their accounts in accordance with the Financial Reporting Standard applicable itt the UK and Republic of Ireland IFRS 102) {effective l January 20191. OBJECTIVES AND ACTIVITIES Objectives And Aetivities The CompanS objectives and principal activitie5 are to help people with Multiple Scleiosis {and their Carers) 10 remain as active and mobile a5 Possible commensurate with their diffL¢ulties. The Charity offers a Yariery of therapies all practiced by professionally qualified therapists. These are 2150 available for Many other conditions, including children who have Cerebral Palsy and Autism and Cancer patients. All are available to our mernbers witbitL the Centre which PTovides a friendly 2nd relaxed enviromnent wliere they can enjoy companionship and peer support. Page 2
MERCIA MS THEIi4PY CENTRE LTD REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31 MARCH 2026 OBJECTIVES AND ACTfviTIES Therapies Oxygen Therapy We have two chambers wherein we treat people with Multtple Sclerosis and otheT neurological conditions, Autisjn and C¢TebTal Palsy, Cattcer and still have spare ¢apa¢ity available. Physiotherdpy Is Siill a very popular therdpy, essential for those witb Multiple S¢lerosis. We have specialised equipmellt including an electtically operated Stsnding frame which ellabl&s rnembeT8 norn]ally restricted to a wheelchair to stand upright. We also have upper body gym equipment, balance ¢quipm¢nt and power assisted exereise bikes, all due to generous donatiOll8 from Charitable Trusts. We have all increasing number of people recovering from strokes who are Lsing our physiotherapy seryice. Reflexology This therdpy is still very popular with our member5 and helps relieve pain and discomfort and aids relaxation. Yoga Utilised by a smaller group of people, who nevertheless benefit frojn the therdpy. Our yo8? kacher tailers the Clae3 to rneet the nexds of ea¢b individual taknlg pan, so that they can set the I]XImuM benefit dependiag on their abtlities. Viofor Viofor equipnient provides pain relief to sufferers of Multiple Sclerosis and other ¢ondition4 by using electromagnetics. Sports Therapist Specialiising in lower back pain including Sciatica, sports illjuri¢s and chroni¢ Conditions. Foot Health We have a piactitioner who attends the centre tivice montbjy to treat members, fotst problems.Tbis is a vital and very popular therapy. Outreach Service-Home Visits We realised that there were a number of our ernberS who We becomillg iu¢reasingly isolated due to their age altd ill health alld were finding it ditTicult to attend the centre for th¢ir treathellts. Thanks to the generosity of charitable twsts we have start¢d an outreach servi¢e Mthereby those Jnenthers can no longer attend the centre ¢an be visited at hom¢ by a therdpist. Counselling We have a counsellor who gives her time free of Cbarge to our members should they wish to access her services. Therdpy days We hold several therapy tester dayslwellbeing days per year, Whe people with many different medical ¢oDditiow ca access all our thenpies for a snMII donation al on occasions free of charge if fi]Dding is in place. Therapeutic classes Whetj fuJJds ar¢ available vaTiOUS art and craft classes are be]d for our membets. Members find these activities therapeutic, creative and withill their physicA] capabilitie$. Page 3
MER IAMS ERAPY CENTRE LTD REPORT OF THE TRUSTEES OR THE YEAR ENDLD 31 MARCH 2026 OBJECTIVES AND ACTIVITIES Advlce and InforntiOn Our approach 10 distributing advice and urfomvation Continues to evolve, eornbining traditional materials with an expanding digital presence to ensure accessibility for a wide audience. In addition to the annual accounts we produce an iTJforn]ation leafIet that outlines our range of therapies, iticluding images and details about our therapists. These leaflets are available in our reptIOn area, provided ¢0 individua]s attending trial oxygen therapy ses$ions, and distributed at fUndls]ng activities and community events. A portable roller banner is also used al infomiation days, talks and Outreach events to support engagemerlt with tbe wider ¢ommunity. To ¢ompleTnent our printed materials, we produce tailoied infomialion packs for open days as well as four inforn]ative newsletters each year to keep inembers and supporters updated on our work. Our ottie presence play5 an increasingly central role in how we share ionatiOn. Our website 5erve5 as a key hub for llp-to-daie resources, seryices details and contact inf0mtIon. tn additioll, our social media channels are a primary mens of communicatioffj enabling US to share news, promote events* provide health related inforn]ation, and engage with the community in a titnely and accessible way. Togethei, tbe5e methods ensure that our InforntiOn As widely available, rt%wnsive to eutrent needs and accessible across both physical and digit21 platfornjs. TralnAng TraintnE ts given to staff in first aid, fire safety, child protection, fimdraising techniques and charity aud volunteer management. TEzining is also gtven in the operation of the two oxygen tberapy chambers. This training is also given to volunteers who. when trdined, will be exarnined and certified by the Centre Manager. Financial Review The Twtees have an agreed reserve policy that sets out to ensure the stability of expenditure plans for the maintenance of essential services and reflects the risk5 of unplarjned closure asSO¢lated with spending committnents, potential liabtlities, and fanCIal forecasting. and addresses the risks to their benefjciaries, staff, and volunteers The trustees have also set aside a designated fund of £50k as as contingency to help finance futur¢ large repairs and replacements of capital equipment" this will be held in an easy-access aecount. The undesigll2tcd fimds will be held in # Cuent aceount. Inveent Ind Reserves Policy Surplus fimds are invested in the Cambridge and Countries. yjelding a rettlm of 1.750/0. Aside from retainio8 a prudent amount in res¢rve each year most of the clwity funds are spent in the short teirn and there are few fU[S available lor long tem investment. When we have achieved our goal for our reserve policy we ean reconsider an additional illv¢stmeDt which may give a higher return. The tnjstees have exarnined the charities, requirements for reserves in light of the organisation's risk%. They have established a policy whereby fvnds Dol con]mitted or invested in tangible fixed a&sets held by the charity should be between SIK 2nd nine ]nonths of expenditure, and b&sed on 2025 figures, the wget is between £78k and £178k Tbese reserves will be held in an investsllettt a¢count. The reserves are needed to meet the working capital requirernents, and the day-to-day njnning of the charity and the Mallagejnent CollJJDittee are confident that at this level they would be able to continue the current activities of the charity in the event of a significant drop in funding. Free reserves available to the charity are £137,11 l and we have therefore met our nine month target level. However, the management conjtnittee has Set aside a designated fvnd of £50.000 out of the free reserves, as a ¢ootingency filljd to help finance future large repair costs ond Teplacement of capitsl eqURplllll and this has reduced the free reserves to £87,111 Page 4
MERCIA MS THERAPY CENTRE L REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31 MARCH 2026 OWLCTIVFS A14D ACTIVITIES We would like to giv¢ thajjks to our rnain contributr)rs for their continued support and fvnditjg of the charity. The Febrnry Foundation FC Stokes Trust The R S Browllless ChaTilable Trust Marsh Charitable Tnjst Th¢ G¢n¢ral Charities of the City of Coventy Baron Davenports Charity Severn Trent CommunityFuDd WPH Charitable Tnjst The Florence TurnerTrust The Gilander Foundation B8rebester Charitable Foundation Coventy Cburcb (Municipal) Charities National Grid Co-op Community Fulld Coventy & District Charitable TnLSt JC Seccombe Tnt IMI Charities Committee Co-op bank con)unIty Fund Kenilworth 'on5 PLANS FOR THE FirrtJRE Our priority for 2026 is to continue to rdise suificient fvnds and to iticrea5e the lltilisation of our therapy ¢entre by other disability and community gtoups who n)ay benefit from the facilities and services thai we call offer here. Also we have an increasing nuznber of caT]cer patients and long covid p8tieDts Ing our centre and we bope to develop some specific sel¢eS for thi5 purpose. STRUCTifRE, GOVERNANCE AND MAf4AGEMENT Covernlng document The oIgani5ation is charitable company limited by guaraate4 iocorporated on 29th March 1989 and registered as a harity on 16th May 1989. The Company was established under a Memornmlum of Association which deternJin¢d the objects and powers of the charitable company and is governed under its Arti¢les of Associatioll. In the ev¢nt of the company being wound up m¢mber8 are not required to contribute financially. RecrultmeDt and appointment of the Management Commlttee The Directors of the Company are also charity tsustees for the purposes of chan.ty law at)d under the copArtS Articles are known as a Committee olmallagernent. Under the r¢quirnents of the Memonndum and Article$ of Asso¢iation the members of the Management Cornn)ittee are elected to serve for one year afier which they must b¢ re-¢lecied at the next Allnual General Meeting. Page 5
MERCIA THERAPY CENTRE LTD PORT OF TH TRUSTEES EAR ENDED 31 MARCH 2026 FOR TH STRucfuRE, GOVERNANCE AND MANAGEMENT Org#nisational structure The Mercia MS Therapy Centre has a Managemeni coUttee of up to six members. who rne every 3 months. The CentTe Manager also attends. The Centr¢ Manager does noi have any voting rights at thes¢ meetings. The Centre Man2ger 15 responsible to the Cliairjnan of Tn]slees for Fundraisio& io ensure that ¢OTporate and comrnunity fundTaising are progressed efficiently and effectively, Ihe safe and efftcient running of the centre aiid the monitoring and recording of all operational peCtS covertng the safety of people when receiving Oxygen therapy within the oxygen chambers. The Admtnistralion and FundTai5in8 Officers. oxygen chamber operators are responsible to the Centre Manager for the 3af¢ry of all people withiTh the Cent, that it is run smoothly on a day-to-day basis, and thal the therapist's appoin¢m¢nt systems are run etTi¢iently. They are also the r¢5ponsible officer for fjrst aid within the centre. The Centre manager and the Tre2sur¢F issue Inonthly reports to the Management Comniittee detailing their r¢spe¢tive up-to-date posilions, the current financtal income and expendtture and total cash resouT¢e available to the organisation. They also detail iherapy usage, 211 fundraistThg activity. funds achieved and a timetable of ndraIsing events and collections. Induction and training of new trustees Most trustees, being members arc already familiar with the varying therdpies practiced ivitliin the ¢¢ntre and fhe organisalional Structure. New Trustees would be shown around (together wtli introductions to mcmbers and therapists) by the Chairnian and Centre Managcr. All trustees will be given the Charity Commission booklet covering Obligations of Trustees together iviih tlle cliarity's own document detailing the activittes undertaken ivitliin Elle Centre and detailing wljat is expected of Ihem as Irusiees. The fundamental points within the Articles of Association and Memorandum will be enumerated and discussed iogetlier with a copy of the latest annual aecounts and copy of die Charity's Ihree-year plan. Management Committee Mr D Ridg¥vdy- Treasurer Mr C Kitson- Chairynan Ircsigned 18.03.20261 Mrs L Bames Mr D Partington- Intetmin Chaimiatt Mrs C Allbut Mr B Blackaby Setretary Management Tegm Mrs M McDeniiott Icenlre Manager) Mrs K Browne (Fundraixerl Mr$ E Pipcr (General Assistant) Mrt C Jones (General Assisrantl Risk Assessment Tjie Management Comniittee during 2021 cariied out a review of Ilie major risks to which the charity could be ¢xp05ed witli tlie preparation of a busine55 plan to 2025. The Jiiajor one being if donations and otlier ndraISing sources should be drastically curtailed. Any new proje¢t or equipment will not be in)pleTnented or pur¢liased until funding lias beell ¢quircd. Intemal Control risks are minimised by the introduciion of a system wliereby key financial ¢ontrtsls are recorded by th¢ treasurer and all Fundraising and oiheT key procedures are recorded and filed by the Cent Administrator and the Centre Manager. This teport has been prepared in accordance wilh the special provisions of Part 15 of the Cotrjpanies Act 2006 relatin8 to small ¢ompanies. d by order o ard (Ff trust es on 3 June 2026 and 5agned on its behalf by.. D Partington. Trustee Page 6
INDEPENDENT EXAMINER'S REPORT TO THE TRUSTEES OF MERCIA MS THERAPY CENTRE LTD Independen¢ examiner's report to the trustees of MercBa MS Therapy Centre Ltd I'the Company'l I report to the charity trustees on my examination of the accoiints of the Colnpany for the year ended 31 Mah 2026. Responsibilitie5 and bA$is of report A5 tlie charity's trustees of tIie Company {and also its directOT5 for the pufj)oses of company law) you are responsible for the preparation tsf the accounts in accordajice wtth Ilie requiremenis of the Coillpanies Act 2006 {'the 2006 Acf). Having satisfied myself that the accounts of tlie Company are not required to be audited under Part 16 of the 2006 Act and are eli(pible for independent examination. I report in respect of my exaniination of yotsr rliarity's acrouDts as carried out under Section 145 of the Cliarities Act 2011 (Ihe 2011 Act,). In ¢anying out my examination I liave followed the Dire¢iions given by the Charity Commission und¢r Section 145(51 {b) of tlie 2011 Act. INdep¢ndent exarniner's statement I havc completed my exan)ination. I confirm ihai no Tnatters have come to my attention in connection witli the examination giving me cause to beli¢ve'. accounting ie¢ord5 were not kept in respect of the Company as required by Section 386 of the 2006 Act.. or the accounts do not accord with those records.. or the a¢counts do not comply with the a¢¢ourtting requirenlents of Section 396 of the 2006 Act other than any requireJts¢nt that tlie a¢¢oiints giv¢ a triie and fair view which is not a matter considered as part of an independcnt examination., or the accounts liavc not been prepared in a¢cordance with the m¢thods and principles of the Statem¢nt of Recornrnended Practice for arcounting and reporting by chariiies (applicable to charities prepariiig their accoLTrnts in accordance witli the Financial Reporting Standard applicable in tlie UK and Republic of Irelatjd (FRS 102)). I Iiave no ¢on¢ems and have ¢om¢ across no other matters in connection with d)e examination to whscli attention should b¢ drawi in fhis report in order 10 enable a propeT und¢rsianding of tlie accounts to be reaclied. Muhammed Shabbir Ann5trong5 Chartered A¢¢out)lants and Tax Advisors Getl)in House 36 Bond Street Nunealon Warwicksliire CVII 4DA 3 June 2026 Page 7
MERCRA MS THERAPY CENTRE TD STATEMENT OF FINANCIAL AcfivITIES FOR THE YEAR ENDED 31 MARCH 2026 2026 Total fiJRds 2025 Total funds Unrestricted fi]nds Restricted fund Noies INCOME AND ENDOWMENTS FROM Donations and legacie5 78.711 15.284 93,995 Charitable getlvities Inconie from charitable a¢tiviiies 70,341 70,341 60,139 Other trading activities Investment income 6,005 5.078 6.005 5,078 3,873 3,842 Total 160,135 15,284 175,419 179.067 EXPENDITURE ON ChAritable activities Charitable Activities 152,193 15.692 167,885 140.51 Raising Funds 21,797 21,797 20.139 Total 173,990 15,692 189,682 160,650 NET JNCOMEIIEXPENDITURE) (13.855} (4081 (14,2631 18,417 RECONCILIATION OF FUNDS Total fi]nds broug]it forwaTd 150,966 18,268 169.234 150.817 TOTAL FUNDS CARRIED FORWARD 17,860 154,971 169,234 The notes foml part of these financial staternents Page
MERCIA Y CENTRE LTD BALANCE SHEET 31 MAR H 2026 2026 2025 Notes FIXED ASSETS Tan8ible assets 12 11,278 5.189 CURRENf ASSETS Debtors Cash gt bank and itt hand 1,146 145,044 5,730 160,723 146.190 166,453 CREDITORS Amounts falling due within on¢ year 14 {2.4971 (2.408} NET CURRENT ASSETS 143,693 164,045 TOTAL ASSETS LESS CURRENT LIABILITIES 154,971 169,234 NET ASSETS 154,971 169,234 FUNDS Unrestricted funds.. General fund Designated Funds 17 100,966 50,000 50.OQO 150.966 Restricted funds.. Restricted fund 17.86 18.268 TOTAL FUNDS 154.971 169.234 The charilable company is entitled to exemption from audit under Section 477 of die Companies Act 2006 for the yvdr ended 31 March 2026. The menibers l)ave not Tequired the company to obtain an audit of its fjnancial statements for the year ended 31 March 2026 in a¢cordanrx with Section 476 of the Companies Act 2006. Tlie trustees acknowledge tlieir responsibilities for (al ensuring tliat tlie cliaritable company keep5 8c¢ounting records that Comply wtli Sections 386 and 387 of the Companies Act 2006 and preparing financial stai¢ments which give a true and fair view of th¢ stale of affairs of the chaiitable company as at the end of each financial year and of its surplus or d¢fi¢ii for each financial yeaT in accordance with the reqLiirements of Sections 394 and 395 and which otherwise comply with the r¢quireEnents of the Companies Act 2006 relating to finanoial 5tat¢mentS. 50 far LS applicable to the charithble company. (bl Tl)e notes fomj part of these financial statements Page 9 continued...
MERCIA MSTHERAPY CENTRE LTD BALANCE SHEET- continued 31 MARCH 2026 These financial Slatements haye becn prepared in accordan with the provisions applicable to charitable companies subject 10 the small companies regim¢. Th signe statemen itsbe rea roved by the Board of frustees and authorised for issue on 3 Jun¢ 2026 and were D Partington- Trustee Tlie notes forn) part of these financial statenients Page 10
MERCIA MS THERAPY CENTRE LTD NOTES TO THE FINANCIAL STA TEMEN FOR THE YEAR ENDED 31 MARCH 2026 ACCOUNTING POLJCIES 4515 of preparing the finAn¢ial statements Tlie fiEJatscial 5tstemenl$ of tlie chariiable coinpany, Hthicli is a publtc ben¢fEt cntity under FRS 102, liav¢ been preparcd in 2ccordance with tlie Charities SORP (FRS 1021 'Accounting and Reporting by Charities. St&tenwnt of Recommended Practice applicable 10 cliarities pr¢paring their accounts in accordance witli tlie Financial Reporting Standard applicable in tlie UK and Republic of Ir¢land {FRS 1021 {effe¢tive l January 20191,, Financial Reportints Standard 102 The Financial Reporting Starkdard appli¢able in thc UK and Republi¢ of Ireland, and the Companies Act 2006. The financial 5tatcnients liave beeii prepared uoder the historical cost Convention. Ineorne All incojne is e08niSed in th¢ Staten)ent of Financial Activities once the ¢harity has entitlement to the fLrnds. it is probable that the income will be ieceived and the atnount can b¢ measured reliably. Expenditure Li8bilities are recognised as expcnditur¢ as soon as there is a legal or constru¢tive obligation committing the charity to that expenditure, It is probabl¢ that a transfer of economic benefits will be required In sefflem¢nt and the amoiint of tli¢ obligation can be measiired reliably. Expcndittire is accoiinted for on atj a¢¢ruals basis and has been classified under headings that aggregate all c05t related to tlie cate80ry. Wher¢ costs cannot b¢ dire¢¢ly attributed to particulaT h¢adin8s they have been allocated to activities on a baBrs constst¢nt with the us¢ of resources. Tangible fixed assets Depreeiation is provided at thc following annual rates in order 10 write off eaeli asset over r15 estimated usefvl life. Plant and ii)a¢hinery Fixture5 aiid fittings Computer ¢quipnient IOD/tr COSI IOOlo Oll ¢OSt 25 % on cost Taxation The charity is exempt from Corporation tax on its charitable activities. Fund Atcountlng Unrestrictcd fiinds ¢an be used in accordance wÉth the ¢haritablc objectives at the discrction of the trustees. Restri¢ted funds can only be used for particular restricted purposes within die objects of th¢ charity. Restrtctions arise when specified by the donor or w11 fvnds ar¢ raised for partÉcular Testricted pu]poses. Further explanation of the nature and purpose of each fijnd is in¢luded in the notes to th¢ financial 5tatenMIs. Hire purchase And leaslng commitments Rentals paid under operating leases are Chaed to the Statenient of FEnan¢ial ActLVlties on a straight line basis over tlje period of tlie lease. Pension eo$ts and other p05t-retirement benefits The charitable eonipany operztes a defined contribution pension scheme. Contributions payable to the ¢haritabl¢ company's pension scheme are charged to th¢ Statement of Financial Activities in the p¢riod to which They relate. Pag¢ll continued...
MERCIA MS THERAPY CENTRE LTD NOTES TO THE FINANCIAL sfATEMENT Conti FOR THE YEAR EN'DED31 MARCH 2026 DONATIONS AND LEGACIES 2026 2025 Donations from Individuals in¢luding collections Donations from corporate sponsors and charitable trusts 78,713 15,282 88,303 22,910 93.995 OTHER TKADJNG AcfiviTJES 2026 2025 Membership fecs 100 Club 2.633 2,09 1.282 2,963 910 Rooni hire in¢orne 6,005 3,873 INVESTMENT IP4COME 2026 2025 Interest receivable- tradtng 5,078 3,842 INCOME FROM CHARITABLE AcfiviTIES 2Q26 2025 Activity Income froTll charitable a¢tivitiC5 HBO and thcrapy income 70.341 60,139 CHARITABLE ACTIVITIES cOs Support Costs Isce note 7) Charitable A¢iivities 167,885 SUPPORT COSTS Charitable Activities Governance costs Totsls Charitable Activiti¢s 165.503 167,885 Page 12 continued...
MERCIA MS THERAPY CENTRE LTD TES TO THE FINANCIAL STATEMEP4TS- continued FOR THE VEAR ENDED 31 MARCH 2026 SUPPORT COSTS- tontlnued Support costs, included (tj the above, are as follows.. 2026 Charitable A¢tivities 2025 Total Wages Pensions HBO Therapy aiid otlier dire¢t therapy Costs Other operating leases Rates Repairs and Maintenance Lighf and heat Telephone Printing and 5talioiiery JtJsuran¢¢ Sundries Consumables Payroll bureau costs Depreciation of tangible and lietitage assets Accountancy and legal fees 54.722 403 59,085 20.850 4,575 1.148 10,412 1185 1.277 6,505 1.695 1.585 240 821 2.382 48.355 404 40.315 21,095 3.445 1,776 8,627 2,393 7,568 I,)98 752 240 562 2,268 167,885 140.511 NET INCOME/{EXPENDITURE) Net in¢omel(expenditure) is stated after chaigingllcredititig}-. 2026 2025 Depreciation- owned assets Hire of plant and machitjery Oth¢r operating leases 821 59,085 20,850 561 40,315 21,095 TRUSTELS, REMUNERATJON AND BENEFITS There were no trustees, remuneration or other benefils for ihe year ended 31 March 2026 Iior for lh¢ year ended 31 Marcli 2025. Trustte5' expenses There were no rrusttes. expeTrs¢5 paid for the year ended 31 March 2026 nor for the year ¢J)ded 31 March 2025. Pa(pe 13 continued..
MERCIA MSTHE Y CENTR LTD NOTES TO THE FINAN'CIAL sfATEMETrryS- continued FOR THE YEAR ENDED 31 MARCH 2026 io. STAFF COSTS 2026 2025 Wa8C5 and salaries Other pension costs 76,305 617 68,280 618 76,922 68,898 The average monthly nuinber of employees during tlJ¢ ycar was as follows.. 2026 2025 Administrative Fund Raising No einployees received ¢molumentS In excess tsf £60.000. COMPARATIVES FOR THE STATEMENT OF FINANCIAL ACTIVITIES Unreslritted fund5 Rcstricted fijnd Total fijnds INCOME AND ENDOWMENTS FROM Dottations and legacies 88.304 22.909 Charitable activities Income from charitable activit2es 60,139 60,139 Other trading activities Investment in¢ome 3,873 3.842 3,873 3.842 Total 156.158 22.909 179.067 EXPEF4DITURE ON ChgritAble actlvities Charitable A¢iivities 128,069 12.442 140,511 Raising FuThds 20,139 20,139 Total 148,208 12.442 160,650 NET INCOME 7.950 10,467 18,417 RECONCILIATION OF FUNDS Total funds broLight forward 143,016 7.801 150.817 TOTAL FUNDS CARRIED FORWAIU) 150.966 18,268 169,234 Page 14 contioued.
MERCIA MS THERAPY CEf4TRE LTD NOTES TO THE FINANCIAL STA TEMENTS- continued FOR THE YEAR ENDED31 h,IARCH 2Q26 12. TANGJBLE FJXED ASSETS Ftxtures and fittings Plant and machinery Computer equiptnent Tot2ls cosr Al l April 2Q25 Additions 80.703 1,410 59,408 5,500 12,661 152,772 6.910 At 31 March 2026 82.113 64.908 12,661 159,682 DEPRECIATION At l April 2025 ChaTge foryear 75,514 546 59,408 275 12,661 147,583 821 Ai 31 March 2026 76.060 59,683 12,661 148,404 NET BOOK VALUE At 31 March 2026 6,053 5.225 11278 At 31 March 2025 5.189 5,189 13. DEBTORS: AMouf+iTS FALLING DU& WITHIN ONE YEAR 2026 2025 Prcpayn)ents 1,146 5,730 14. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR 2026 2025 Other Creditors Accruals and def¢rred inconie 74 2,334 2.497 2,497 2.408 Is. LEASING AGREEMEIYTS Minimum lease paymeTJts ui)der non-¢8Trcellable operating lease5 fall due as follows.. 2026 2025 Within one year Between one and five years 494 1,030 494 1,524 1,524 2,018 Page 15 c0ntiru...
MERCIA MS THERAPY TRE LTD NOTES TO THE FINANCIAL sfATEMENfs- tontinutd FOR THE YEAR ENDED 31 MARCH 2026 16. ANALYSIS OF NET ASSETS BETWEEN FUNDS 2026 Total fvnds 2025 Total funds Unrestri¢t¢d fund5 Restrict¢d fund Fixed assets CuJTent assets Cuttent liabilities 4,250 13S,358 12.497) 7.028 10,832 11,278 146.190 12,4971 5,189 166.453 (2,4081 17,860 154,971 169.234 17, MOVEMEIYT IN FUNDS Net movement in funds At 31.3.26 At 1.4.25 Unrestricted funds General fund Designated Funds 100,966 50,000 {13,855) 50.000 150,966 113.8551 Restricted funds Restricted fund 18.268 (408) 17.860 TOTAL FUNDS 169,234 {14.2631 154.971 Net movement in fund5, tnclyded in the above are as follow5.. In¢oming resources Resources expended MovEinent in filnds Unrestricted funds General fund 160,135 {173.9901 113,8551 Restricted funds Re5trieted fund 15,284 (15,692) (4081 TOTAL FUNDS 175,419 (189.682) 114.26i} Page 16 ¢ontinued...
MERCIA MS THERAPY CENT LTD OTES TO THE FINANCIAL STATEMENTS- tontlnued FOR THE YEAR Eh'DED 31 MARCH 2026 17. MOVEMENT IN FUNDS- continued Comparatives for movement ID fund$ Net niovement in funds At 31.3.25 At 1.4.24 Uthrestricted funds General fund Designated Funds 93.016 50,000 7,950 100.966 50.000 143.016 7.950 150,966 Restricted funds Restricted furtd 7.801 10,467 18,268 TOTAL FUNDS 150,817 18.417 169,234 Comparaiive net movement in funds, included in die above are as follows.. In¢oining resources Resource3 expended Moveniettt in funds Unrestricted funds General fund 156,158 (148.2081 7,950 Restrtcted funds Restricted fund 22,909 112,442) 10,467 TOTAL FUNDS 179,067 1160,650) 18,417 A currei)l year 12 months aiid prior year 12 months conibined position ts as follows.. Net niovcment in fi]Dds At 31.3.26 At 1.4.24 Unrestrrcted fMnd5 General fund Designated Funds 93,016 50,000 {5.905) 50.000 143.016 (5,9051 Restrleted fuRd$ Restricted fund 7,801 10.059 17,860 TOTAL FUNDS 150.817 4.154 154.971 Pa8e 17 ¢ontinued...
MERCIA MS THERAPY CENTRE LT OTES TO THE FINANCIAL STA TEt¥lENTS- ¢ontlnued FOR THE YEAR ENDED 31 MARCH 2026 17. MOVEMENf IN FUNDS- continued A ¢UTrent year 12 montl)s and prtor year 12 monihs combined net movement in fvnd5, included in the al)ove are as follows.. Incoming resour¢es Resoiirces expended MovenieTrt in lld3 Unrestricted funds General fund 316.293 (322.198) (5.905} Restricted funds Restricted fund 38,193 {28,134) 10.059 TOTAL FUNDS 354.48G (350.332) 4,154 18. RELATED PARTY DISCLOSURES There were no related party trans2Ctions for die year ended 31 Marcli 2026. Page 18
MERCIA MS THERAPY CENTRE LTD DETAILED STATEMENT OF FINANCIAL ACTIVITIES FOR THE YEAR ENDED 31 MARCH 2026 2026 2025 INCOME AND ENDOWMENrs Donations and legacies Donations froiii Individtsa15 ineludtng ¢oll¢ctions Donations from Corrate sponsors and charitsble trust5 78.713 88.303 15.282 22.910 93,995 Oth¢r trnding activities Membership ft¢s 100 Club Room hir¢ InMe 2.633 2.090 1,282 2.963 910 6,005 3,873 Investment income Interest receivable- trading 5.078 3.842 ChArit%tble attivitie5 HBO and theTapy income 7Q,341 60,li9 Total Ineoming resources 175.419 179,067 EXPENDITURE Rai5inu Fund5 Fundraising staff costs Fundraising staff pension cost 21,583 214 19,925 214 21,797 20,139 Expenditure on Charitable Activitles Charitable Activities Wages Pensions HBO Therapy and other direct therapy costs Other operating lease5 Rates Repairs wid Maintehan¢e Liglil and lieat Teleplione Printing and stationery Insurance Sundri¢s Consumables Payroll bur¢3u costs Plant and machinery Carried forward 54,722 48.355 404 40.315 21,095 3,445 1,776 ,627 2.393 59,085 20,850 4.575 1,148 10,412 2.185 1,277 6,505 1.695 1,585 240 546 165.228 7,568 1.398 752 240 562 138.243 This page does not fom) part of the statutory financial statements Page 19
MERCIAMS THERAPY CENTRE LTD DETAILED STATEMENT OF FINANCIAL ACTIVITIE FOR THE YEAR ENDED 31 MARCH 2026 2026 2025 ChArRtgble Activities Broughf forward Fixtures and fittings 165,228 275 138,243 165,503 138.243 Governanee cost5 A¢¢ountancy and legal fees 2,382 2,268 Total resource5 expended 189,682 160,650 Net (expenditurellirLcom¢ 114.263) 18,417 This page does not forni part of ihe Statutory fEnan¢ial statement5 Page 20