COMPANY REGISTRATION NUMBER: 02269310 CHARITY REGISTRATION NUMBER: 701791 SIGNED COF)Y Wolverhampton & District M S Therapy Centre Limited Company Limited by Guarantee Financial Statements 31 December 2024 MURAS BAKER JONES LIMITED Chartered accountants & statutory auditor Regent House Bath Avenue Wolverhampton West Midlands WV14EG Wolverhampton & District M S Therapy Centre Limited Company Limited by Guarantee Financial Statements Year ended 31 December 2024 Page Trustees, annual report {incorporating the directorfs report) Independent auditols report to the members statement of financial activities (including income and expenditure accounti 10 Statement of financial position 11 Accounting policies 12 Notes to the financial stalements 15 Wolverhampton & District M S Therapy Centre Limited Company Limited by Guarantee Trustees, Annual Report (Incorporatlng the Director's Report) Year ended 31 December 2024 The trustees, who are also the directors for the purposes of company law, present their report and the financial statements of the charity for the year ended 31 December 2024. Reference and administrative details Registered charity name Wolverhampton & District M S Therapy Centre Limited Charfty registration number 701791 Company reglstratlon number 02269310 Prlncipal office and registered Newbridge Therapy Centre office Meadow View Wharf Tettenhall Road Wolverhampton West Midlands WV6 OJT The trustees Mr P Williams Mr B J Woolley Mrs S M C Straughan Mr J Walters Mrs J Pemberton Mrs S Corbett Rev Dr A Roberts Mr C R Dymond Mrs L Griffiths Mr S H Griffiths Mrs L Smith Mrs A L Tyler (Resigned 27 February 2025) (Appointed 26 March 2025) (Appointed 25 March 2025) Company secretary D Clarke Audltor Muras Baker Jones Limited Chartered accountants & statutory auditor Regent House Bath Avenue Wolverhampton West Midlands WV14EG Bankers The Co-operative Bank Delf House Southway Skelmersdale WN8 6wr Wolverhampton & District M S Therapy Centre Limited Company Llmlted by Guarantee Trustees. Annual Report (Incorporating the Director's Reportl (eontinuedj Year ended 31 December 2024 Structure• governance and management Incorporation The company was incorporated on 20 June 1988 and took over the Wolverhampton and District Friends of A.R.M.S. (the previously unincorporated body) from 1 January 1990. The company was registered as a charity on 19 July 1989. The company changed its name to Wolverhampton & District M.S. Therapy Centre Limited from 10 June 1999. On 10 April 2019 the company changed it's name to Wolvertiampton & District M S Therapy Centre Limited. Trustee inductlon and tralnlng Trustees are elected and appointed annually at the AGM. Each trustee is either a patient or a person with in-depth knowledge of how the centre operates Each trustee is issued with a copy of the Memorandum and Articles of Association and copies of the centre's Policies and Procedures. All trustees are kept up-to4ate with changes in legislation. Prlnclple fundlng sources All patients are encouraged to contribute towards the cost of the treatments they receive by making donation. The schedule of suggested contributions will be reviewed and increased to assist the centre's funding. These contributions will now be reviewed annually. Patients, their carers and other volunteer helpers take part throughout the year in charity collections in the city centre and local supemarkets. Management and staff actively seek help from companies, clubs and other organisations to raise funds for us and to supply services and contribute equipment as the need arises. We have a small fundraising group who organise raffles, race nights, flower demonstrations and various other events to bring in funds. Legal structure The company is limited by guarantee and therefore does not have a share capital. The liability of members is limited and details of their guarantees are given in note 3 to the financial statements. The company is also a registered charity. Flxed assets Acquisitions of fixed assets during the year are recorded in the notes to the financial statements. Reserves pollcy The trustee directors consider that an amount equivalent to the annual running costs of the centre should be relained on reserves. The unrestricted funds for the year shows 8 surplus of £38,194 in comparison to a deficit of £21.582 in 2023. The trustees consider the free reserves of the Charity for the coming year to be £112.316, which represents approximately 9 months of the actual running costs. Wolverhampton & District M S Therapy Centre Limited Company Limited by Guarantee Trustees, Annual Report (Incorporating the Director's Report) {¢ontlnugd) Year ended 31 December 2024 Structure, governance and management (continuedj Investment policy The trustee directors have always invested any funds raised in excess of the annual running costs with a suitable building society in order to be prepared for the possibility of expanding the centre should the opportunity arise. This has meant that the trustees were able to use accumulated funds towards the purchase of the adjoining bungalow. Rlsk revlew The trustee directors consider that the systems and procedures in operation are appropriate for the organisation and the risks are reviewed regularly. Objectives and actlvltles The objects and principal activities of the company throughout the year were to aid and improve, for the public benefit, the condition of those suffering from multiple sclerosis by the following means.. by bringing together people with MS and those interested in MS, and by providing therapies, treatments. advice, guidance, moral and practical support for MS sufferers as well as those suffering from other symptoms or conditions. Strateglc report The following sections for achievements and performance and financial review form the strategic report of the charity. Achievements and performance The year ending 31 December 2023 finished showing a much higher deficit than expected. We had to deal with increases in expenses and the team were taking a close look at the contributions that patients need to make for the treatmenls they were receiving. So we went ahead with period of consultation and an increase was put in place. We also saw an increase in memberships during the year. W8 were pleased to see the succéss achieved fromthe efforts made to get more collection boxes put in place. We greatly appreciated the enthusiasm shown by our slaff and team of volunteers for the events organised during the year with raffles and quiz nights adding to the increase in funds raised. We were pleased to have the promised legacy finalised and the final acxounts show funds achieved from sizable donations. The Trustees would like to thank our team of staff members together with our group of willing volunteers for the service they have provided during the year. We now approach our 40th Anniversary in 2026 and look forward to celebrating then. Financial review For the year ended 31 December 2024 total incoming resources amounted to £194,942 an increase of 74.4 % on the previous year. After deducting resources expended of £164,909. net incoming resources amounted to £30,033. Wolverhampton & District M S Therapy Centre Limited Company Llmlted by Guarantee Trustees. Annual Report (Incorporating the Directotrs Report) (continued) Year ended 31 December 2024 Trustees. responsibilities statement The trustees. who are also directors for the purposes of company law, are responsible for preparing the trustees. report and the financial statements in accordance with applicable law and United Kingdom Accounting Standards (United Kingdom Generally Accepted Accounting Practice). Company law requires the charity trustees to prepare financial statements for each year which give a true and fair view of the state of affairs of the charitable company and the incoming resources and application of resources, including the income and expenditure, for that period. In preparing these financial statements, the trustees are required to.. select suitable accounting policies and then apply them consistently; observe the methods and principles in the applicable Charities SORP., make judgments and accounting estimates that are reasonable and prudent,. state whelher applicable UK Accounting Standards have been followed, subject to any material departures disclosed and explained in the financial statements., prepare the financial statements on the going concern basis unless it is inappropriate to presume that the charity will continue in business. The trustees are responsible for keeping adequate accounting records that are sufficient to show and explain the charity's transactions and disclose with reasonable accuracy at any time the financial position of the charity and enable them to ensure that the financial statements comply with the Companies Act 2006. They are also responsible for safeguarding the assets of the charity and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities. Audltor Each of the persons who is a trustee at the date of approval of this report confimis that- so far as they are aware, there is no relevant audit information of which the charty's auditor is unaware., and they have taken all steps that they ought to have taken as a trustee to make themselves aware of any relevant audit information and to establish that the charity's auditor is aware of that information. The trustees, annual report and the strategic report were approved on 4 August 2025 and signed on behalf of the board of trustees by: Mr P Willia Trustee Wolverhampton & District M S Therapy Centre Limited Company Limited by Guarantee Independent Auditor's Report to the Members of Wolverhampton & District M S Therapy Centre Limited Year ended 31 December 2024 Opinlon We have audited the financial statements of Wolverhampton & District M S Therapy Centre Limsted (the 'charity') for the year ended 31 December 2024 which comprise the statement of financial activtties {including income and expendilure account), statement of financial position and the related notes, including a summary of significant accounting policies. The financial reporting framewod< that has been applied in their preparation is applicable law and United Kingdom Accounting Standards, including FRS 102 The Financial Reporting Standard applicable in the UK and Republic of Ireland (United Kingdom Generally Accepted Accounting Practice). In our opinion the financial statements.. give a true and fair view of the state of the charity's 8ffairs as at 31 December 2024 and of its incoming resources and application of resources, including ils income and expenditure, for the year then ended., have been properly prepared in accordance with United Kingdom Generally Accepted Accounting Practice., have been prepared in accordance with the requirements of the Companies Act 2006. Basls for oplnion We conducted our audit in accordance with International Standards on Auditing (UK) (ISAS {UK)} and applicable law. Our responsibilities under those standards are further described in the auditols responsibilities for the audit of the financial statements section of our report. We are independent of the charity in accordance with the ethical requirements that are relevant to our audrt of the financial statements in the UK, including the FRC'S Ethical Standard, and we have fulfilled our other ethical responsibilities in accordance with these requirements. We believe that the audit evidence we have obtained is sufficient and appropriate to provide a basis for our opinion. Conclusions relatlng to golng concern In auditing the financial statements. we have concluded that the trustees, use of the going concern basis of accounting in the preparation of the financial statements is appropriate. Based on the work we have performed, we have not identified any material uncertainties relating to events or conditions that, individually or collectively, may cast significant doubt on the charity's ability to continue as a going concem for a period of at least twelve months from when the financial statements are authorised for issue. Our responsibilities and the responsibilities of the trustees with respect to going concern are described in the relevant sections of this report. Wolverhampton & District M S Therapy Centre Limited Company Llmlted by Guarantee Independent Audltor's Report to the Members of Wolverhampton & District M S Therapy Centre Limited (¢ontlnued) Year ended 31 December 2024 Other Information The other information comprises the information included in the annual report, other than the financial statements and our auditor's report thereon. The trustees are responsible for the other information. Our opinion on the financial statements does not cover the other information and, except to Ihe extent othe￿iSe explicitly stated in our report, we do not express any fom of assurance conclusion thereon. In conneclion with our audit of the financial statements, our responsibility is to read the other infomiation and, in doing so, consider whether the other infomiation is materially inconsistent with the financial statements or our knowledge obtained in the audil or otheNise appears to be materially misstated. If we identify such material inconsistencies or apparent material misstatements, we are required to determine whether there is a material misstatement in the financial statemenls or a material misstatement of the other information. If. based on the work we have performed, we conclude that there is a material misstatement of this olher infomiation, we are required to report Ihal fact. We have nothing to report in this regard. Oplnlons on other matters prescrlbed by the Companles Act 2006 In our opinion, based on the work undertaken in the course of the audit.. the information given in the trustees. report for the financial year for which the financial statements are prepared is consistent wrth the financial statements., and the trustees, report has been prepared in accordance with applicable legal requirements. Matters on which we are required to report by exception In the loht of the knowledge and understanding of the charity and its environment obtained in the course of the audit, we have not identified material misstatements in the trustees, report. We have nothing to report in respect of the following matters in relation to which the Companies Act 2006 requires us to report to you if, in our opinion.. adequate accounting records have not been kept, or returns adequate for our audil have not been received from branches not visited by us; or the financial statements are not in agreement with the accounting records and returns., or certain disclosures of trustees, remuneration specified by law are not made; or we have not received all the infomiation and explanations we require for our audit. Wolverhampton & District M S Therapy Centre Limited Company Limited by Guarantee Independent Auditor's Report to the Members of Wolverhampton & Dlstrict M S Therapy Centre Limited (continued) Year ended 31 December 2024 Responslbilities of trustees As explained more fully in the trustees, responsibilities statement, the trustees (who are also the directors for the purposes of company law) are responsible for the preparation of the financial statements and for being satisfied that they give a true and fair view. and for such internal control as the trustees detemine is necessary to enable the preparation of financial statements that are free from material misstatement, whether due to fraud or error. In preparing the financial statements, the trustees are responsible for assessing the charity's ability to continue as a going concern, disclosing, as applicable, matters related to going concern and using the going concern basis of accounting unless the trustees either intend to liquidate the charity or to cease operations, or have no realistic allernative but to do so. Audltor's responslbllltles for the audlt of the flnanclal statements Our objectives are to obtain reasonable assurance about whether the financial statements as a whole are free from material misstatement, whether due to fraud or error, and to issue an auditor's report that includes our opinion. Reasonable assurance is a high level of assurance, but is not a guarantee that an audil conducted in accordance with ISAS (UK) will always detect a material misstatement when it exists. Misstatements can arise from fraud or error and are considered material if. individually or in the aggregate, they could reasonably be expected to influence the economic decisions of users taken on the basis of these financial statements. Irregularities, including fraud, are instances of non-compliance with laws and regulations. We design procedures in line with our responsibilities, outlined above, to detect material misstatements in respect of irregularities, including fraud. The extent to which our procedures are capable of detecting irregularities, including fraud is detailed below.. In planning and designing our audit tests we identify and assess the risks of material misstatement within the financial statements, whether due to fraud or error. Our assessment of these risks includes consideration of the nature of the industry and sector, the control environment and the business perfomiance along with the results of our enquiries of management about their own ident'rfication and assessment of risks and irregularities. In common with all audits under ISAS (UK}, we are also required to perform specific procedures to respond to the risk of management override. We also obtained an understanding of the legal and regulatory frameworks that the company operates in, focusing on provisions of those laws and regulations that had a direct effect on the determination of material amounts and disclosures in the financial statements. The key laws and regulations we considered in this context included the UK Companies Act, UK tax legislation and other laws and regulations identified as risk areas identified from our discussions with management. Wolverhampton & District M S Therapy Centre Limited Company Limited by Guarantee Independent Auditorfs Report to the Members of Wolverhampton & District M S Therapy Centre Limited (continued) Year ended 31 December 2024 We communicated relevanl identified laws and regulations and potential fraud risks to all engagement team members including intemal specialists, and remained alert to any indications of fraud or non-compliance with laws and regulations throughout the audit. After consideration of the above risks we then carried OLrt audii procedures including the following.. performing analytical procedures to identify any unusual or unexpected relationships that may indicate risks of material misstatement due to fraud; reading minutes of management meetings; reviewing correspondence with H M Revenue & Customs., enquiring of management and reviewing any correspondence with legal advisors concerning actual and potential litigation and claims., reviewing the financial ststement disclosures and testing lo supporting documentation to assess compliance with provisions of relevant laws and regulations described as having a direct effect on the financial statements., in addressing the risk of fraud through management override of controls, testing the appropriateness of journal entries and other adjustments; assessing whether the judgements made in making accounting estimates are indicative of a potential bias,. and evaluating the business rationale of any significant transactions that are unusual or outside the normal course of business. There are inherent limitations in our audit procedures described above. The more removed that the laws and regulations are from financial transactions the less likely it is that we would be aware on non-compliance. Auditing standards also limit the audit procedures required to identify non-compliance with laws and regulations to enquiry of the directors and other management and the inspection of regulatory and legal correspondence, if any. Material misstatements that arise due to fraud can be harder to detect than those that arise from error as they may involve deliberate concealment or collusion. A further description of our responsibilities for the audit of the financial statements is located on the Financial Reporting Council's webstte at ww.frc.org.uklauditorsresponsibilities. This description foms part of our auditor's report. Wolverhampton & District M S Therapy Centre Limited Company Limited by Guarantee Independent Auditor's Report to the Members of Wolverhampton & District M S Therapy Centre Llmited (Contlnued) Year ended 31 December 2024 Use of our report This report is made solely to the charity's members, as a body, in accordance with Chapter 3 of Part 16 of the Companies Act 2006. Our audit work has been undertaken so that we might slate to the charity's members those matters we are required to state to them in an auditor's report and for no other purpose. To the fullest extent pemiitted by law, we do not accept or assume responsibility to anyone other than the charity and the charity's members as a body, for our audit work, for this report, or for the opinions we have formed. Oliver Ross BSC {Hons} FCA (Senior Statutory Auditor) For and on behalf of Muras Baker Jones Limited Chartered accountants & statutory auditor Regent House Bath Avenue Wolverhampton Wesl Midlands WV14EG 4 August 2025 Wolverhampton & District M S Therapy Centre Limited Company Llmlted by Guarantee Statement of Financial Activities (Includlng Income and expenditure account) Year ended 31 December 2024 2024 Restricted funds Total funds Total funds 2023 Unrestricted funds Note Income and endowments Donations and legacies Charitable activities Other trading activities Investment income 101,738 62.788 28,312 1,604 500 102,238 62,788 28,312 1,604 35,222 57,295 18,630 609 Total Income 194,442 500 194,942 111,756 Expendlture Expenditure on raising funds- Costs of other trading activities Expenditure on charitable activities Total expenditure 108 156,141 108 164,801 164,909 633 140,871 141,504 8,660 156,249 8,660 Net Incomel(expendlture) and net movement In funds 38,193 (8,160) 30,033 {29,748) Reconciliation of funds Total funds brought forward Totsl funds carried forward 231 ,499 313,259 544,758 574,506 269,692 305,099 574,791 544,758 The slatement of financial activities includes all gains and losses recognised in the year. All income and expenditure derive from continuing activities. The notes on pages 15 to 19 form part of these financial statements. 10- Wolverhampton & District M S Therapy Centre Limited Company Llmlted by Guarantee Statement of Financial Position 31 Decembèr 2024 2024 2023 Note Fixed assets Tangible fixed assets 14 437,169 449,483 Current assets Stocks Debtors Cash at bank and in hand 15 16 75 418 143,949 144,442 108 501 103,262 103,871 Creditors: amounts falllng due wlthln one year Not current assets 17 6,820 8,576 137,622 95,295 Total assets l•ss current liabilities 574,791 544,758 Net assets 574,791 544,758 Funds of the charity Restricted funds Unrestricted funds 305,099 269,692 313,259 231,499 Total charlty funds 18 574,791 544,758 These financial statements were approved by the board of trustees and authorised for issue on 4 August 2025, and are signed on behalf of the board by: Mr P Willia Truslee riffiths Truslee The notes on pages 15 to 19 form part of these financial statements. 11 Wolverhampton & District M S Therapy Centre Limited Company Limited by Guarantee Accounting Policies Year ended 31 December 2024 Basis of preparation The financial statements have been prepared on the historical cost basis, as modified by the revaluation of certain financial assets and liabilities measured at fair value through income or expenditure. The financial statements are prepared in sterling, which is the functional currency of the entity. Golng concern There are no material uncertainties about the chariiy's ability to continue. Judgements and key sources of estlmation uncertainty The preparation of the financial statements requires management to make judgements. estimates and assumptions that affect the amounts reported. These estimates and judgements are continually reviewed and are based on experience and other factors, including expectations of future events that are believed to be reasonable under the circumstances. Fund accountlng Unreslricted funds are available for use at the discretion of the trustees to further any of the charity's purposes. Designated funds are unrestricted funds earmarked by the trustees for particular future project or commitment. Restricted funds are subjected lo restrictions on their expenditure declared by the donor or through the terms of an appeal, and fall into one of two sub-classes.. restricted income funds or endowment funds. Incomlng resources All incoming resources are included in the statement of financial activities when entitlement has passed to the charity,. it is probable thal the economic benefits associated with the transaction will flow to the charity and the amount Can be reliably measured. The following specific policies are applied to particular categories of income: •income from donations or grants is recognised when there is evidence of entitlemenl to the grft, receipt is probable and its amount Can be measured reliably. •legacy income is recognised when receipt is probable and entitlement is established. •income from donated goods is measured at the fair value of the goods unless this is impractical to measure reliably, in which case the value is derived from the cost to the donor or the estimated resale value. Donated facilities and services are recognised in the accounts when received if the value can be reliably measured. No amounts are included for the contribution of general volunteers. •income from contracts for the supply of services is recognised with the delivery of the contracted se￿l¢e. This is classified as unrestricted funds unless there is a contractual requirement for it to be spent on a particular purpose and returned if unspent, in which case it may be regarded as restricted. 12- Wolverhampton & District M S Therapy Centre Limited Company Llmlted by Guarantee Accounting Policies (continued) Year ended 31 December 2024 Resources expended Expendsture is recognised on an accruals basis as a liability is incurred. Expenditure includes any VAT which cannot be fully recovered, and is classified under headings of the statement of financial activities to which it relates.. •expenditure on raising funds includes the costs of all fundraising activities, events, non