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← The Berkshire Multiple Sclerosis Therapy Centre Limited

2024-12-31-accounts

Company No: 2270807 Registered Charity No: 800419

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en
CENTRE
B ER K S HIRE
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THE BERKSHIRE MULTIPLE SCLEROSIS THERAPY CENTRE LIMITED

(A COMPANY LIMITED BY GUARANTEE) REPORT AND ACCOUNTS FOR THE YEAR ENDED 31 DECEMBER 2024

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THE BERKSHIRE MULTIPLE SCLEROSIS THERAPY CENTRE LIMITED CONTENTS OF THE ACCOUNTS

Page No.

ReportoftheTrustees 1-9
Statement of Financial Activities 10
Balance Sheet 11
Cash FlowStatement 12
Notes totheAccounts 13-28
IndependentExaminer'sReport 29

THE BERKSHIRE MULTIPLE SCLEROSIS THERAPY CENTRE LIMITED TRUSTEES’ REPORT FOR THE YEAR ENDED 31 DECEMBER 2024

INTRODUCTION

The Board of Directors, who are the charity trustees for the purposes of the Charities Act 2011, present their Annual Report for the year ended 31 December 2024 under the Companies Act 2006 and the Charities Act 2011, together with the financial statements for the year. The Board confirms that the latter comply with the requirements of the Companies Act 2006, the Company’s Memorandum and Articles of Association and the Charities SORP (FRS102).

PURPOSES AND ACTIVITIES

The charity's purposes and aims as set out in the Company’s Memorandum of Association are to aid and improve for the public benefit the condition of those living with Multiple Sclerosis (MS).

It achieves this by

The charity supperts people living across Berkshire and the neighbouring counties of Oxfordshire, Hampshire, Surrey and Buckinghamshire.

Ensuring the work delivers the charity’s aims

The trustees have referred to the guidance contained in the Charity Commission's general guidance on public benefit when reviewing the charity’s purposes and aims, and when planning future activities. In particular how planned activities will contribute to the achievement of the objectives and aims.

Principal activities

The Berkshire MS Therapy Centre supports individuals with MS and helps mitigate the impact of the condition on their lives. MS is a complex, incurable neurological condition that varies from person to person, with symptoms such as mobility issues, fatigue, pain, depression, and cognitive difficulties. Specialist support is essential to managing these symptoms and enhancing quality of life. Without the Berkshire MS Therapy Centre, many of these services would be inaccessible locally.

The charity's principal activities encompass three main areas:

ACHIEVEMENTS AND PERFORMANCE 2024

“The Berkshire MS Centre has been incredibly supportive in managing my MS. The oxygen therapy they provide has made a real difference, helping to alleviate my fatigue symptoms and improve my overall wellbeing. The Centre's welcoming environment and dedicated staff create a space where / feel cared for and understood.” Member feedback, 2024

2024 was the busiest year to date for the Berkshire MS Therapy Centre:

This includes 14,282 treatments supporting 366 people with MS and 638 treatments for 78 people without MS.

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THE BERKSHIRE MULTIPLE SCLEROSIS THERAPY CENTRE LIMITED TRUSTEES’ REPORT (CONTINUED) FOR THE YEAR ENDED 31 DECEMBER 2024

The treatments for people without MS include support for partners and carers and oxygen therapy for individuals with other conditions. There is no other oxygen chamber available in Berkshire and when space allows the charity offers this treatment for a fee as capacity allows, generating essential income for the Centre.

Since 2022 the number of treatments provided annually has increased by 37%. Without financial support from the NHS, the government or other MS organisations, the charity faces the challenge of balancing increasing demand with its limited resources. The Trustees are pleased to maintain the provision of core services free of charge, ensuring that financial constraints do not prevent anyone from receiving vital support. The Centre continues to rely on fundraising, donations, volunteers, and grants to deliver its essential services. The Trustees wish to express their gratitude to everyone who supported the charity throughout 2024. The success of the year is a direct result of the combined efforts of all those who used the services, donated, fundraised, or volunteered.

In 2024, the Berkshire MS Therapy Centre proudly marked 40 years since opening the doors of their first therapy centre. This milestone, celebrated as the charity's ruby year, reflected on its achievements and the ongoing work to meet the growing demand for services.

To improve the efficiency of the Centre, reduce its carbon footprint and lower running costs, the charity invested in building upgrades. These improvements have extended the life of the Centre's infrastructure, and the charity is grateful to Pangbourne Rotary Club, Screwfix Foundation, Earley Charity and the Greenham Trust for their generous financial support.

The charity also welcomed two new members to the Board of Trustees: Rachel George, who will replace David Coe as Treasurer in early 2025, and Abigail Simmons bringing safeguarding expertise.

The difference the Centre makes:

In 2024, members shared their feedback on our impact:

Only 4% of members felt confident they could access necessary support without the Centre.

Feedback included:

{After oxygen therapy] | feel more energised, feel more able to complete tasks, my brain and thoughts feel clearer and calmer, multitasking seems easier, | sleep more soundly - all leads to feeling more content and less depressed.’

‘4 would recommend the Centre as it offers so much to those with MS and the people caring for them. It offers so many treatments that could benefit people living with MS and there is a huge amount of information for those people seeking advice and knowledge on the condition. It's a place where you can feel very comfortable and not judged by your mobility problems and also with brain fog if you are having a bad day.’

‘| came very recently and was a bit skeptical as | was very anxious about what | might hear and see. But attending the Centre really helped manage my anxiety and helped me come to terms with my diagnosis.

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THE BERKSHIRE MULTIPLE SCLEROS!S THERAPY CENTRE LIMITED TRUSTEES’ REPORT (CONTINUED) FOR THE YEAR ENDED 31 DECEMBER 2024

‘The Berkshire MS Centre has been incredibly supportive in managing my MS. The oxygen therapy they provide has made a real difference, helping to alleviate my fatigue symptoms and improve my overall wellbeing. The Centre's welcoming environment and dedicated staff create a space where | feel cared for and understood’

‘lam currently empicyed full time in an active job that involves site and client visits. | think | would be struggling significantly more without the physiotherapy and tips on mobility’

Contribution of volunteers

The charity is fortunate to have over 60 regular volunteers who contributed more than 6,500 hours in 2024. They play a vital role in day to day operations and at events and activities across the year. The Trustees extend their heartfelt gratitude to all our volunteers.

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THE BERKSHIRE MULTIPLE SCLEROSIS THERAPY CENTRE LIMITED TRUSTEES’ REPORT (CONTINUED) FOR THE YEAR ENDED 31 DECEMBER 2024

FINANCIAL REVIEW

Total income for the year was £818,632 (2023: £588,521), which included grants, donations, fundraising activities, interest on investments and a smali amount of income from oxygen therapy provided to non MS members.

The Charity benefited from an unexpected significant donation in the early part of the year and received two lagacies totalling £30,000 (2023: £10,000}. We are deeply grateful to those who remembered us in their Will and continue to do so.

Additionally, the charity received a restricted donation from the Edward Gostling Foundation of £160,000 to create an endowment fund, ‘Edward Gostling Fund’. Under the terms of this endowment, the funds can be used to ensure the charity has access to six months of free reserves.

The five year funding from the National Lottery Community Fund ended in April 2024. The Charity was awarded a further five year grant from the National Lottery in August 2024 providing critical financial backing for the physiotherapy service until 2029.

Total expenditure for the year was £698,594 (2023: £648,347}, with the majority of costs attributed to delivering physiotherapy services, oxygen therapy and other essential services for people with Multiple Sclerosis. The charity has continued to manage costs prudently while ensuring that service delivery remains at a high standard.

This resulted in a surplus of £120,038 (2023 Deficit £59,826). The Board of Trustees has maintained a strong focus on financial sustainability, ensuring resources are used efficiently to support the charity's objectives.

Cash and cash equivatents at the end of the year were £538,979 (2023: £390,527) The Charity is not financially supported by the NHS or the government. The charity's work is made possible by the generosity of individuals and organisations.

The Charities sector still remains a challenging environment, due to both ongoing economic pressures and continued demand for our services.

The Trustees acknowledge that cash flow remains a critical area of focus, and steps are being taken to improve financial forecasting, streamline expenditure, and identify new income opportunities. Looking ahead, the charity will continue working towards diversifying funding streams, strengthening grant applications, and enhancing donor engagement to ensure continued financial stability.

The Trustees wish to thank each individual and organisation who supported the charity in 2024 and particularly want to express our thanks te the following who donated over £1,000:

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THE BERKSHIRE MULTIPLE SCLEROSIS THERAPY CENTRE LIMITED TRUSTEES’ REPORT (CONTINUED) FOR THE YEAR ENDED 31 DECEMBER 2024

Reserves policy

The Trustees’ ongoing reserves policy is to maintain free reserves (unrestricted net current assets) at between six and twelve months of operating expenditure.

At the beginning of 2024, free reserves (based on the 2024 budget), represented approximately 4.6 months’ running costs.

At the end of 2024 the trustees have estimated based on the 2025 budget that reserves should be between £358,854 and £717,707. As at 31 December 2024, free reserves totalled £349,342, representing approximately 6 months of running costs. This includes the part release of the Edward Gostling fund of £102,300.

2024 2023
Total assets 1,097,565 977 527
Less: Restricted Fund (271,154) (280,699)
Designated Funds (71,101) = (71,104)
Endowment Fund
TangibleFixedAssets held in		 (57,700) -
unrestricted funds (348,268)
__349,342		 (374,144)
251,583_

The designated fund balance at the end of 2024 was £71,101 (2023: £71,101) and represents the unspent balance of a legacy the charity had previously received. The legacy was allocated to support initiatives to benefit the Centre over the longer term.

The Trustees confirm that they have reviewed and complied with their obligations under the Charities Act and the Statement of Recommended Practice (SORP} for charities, ensuring proper financial governance and oversight.

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THE BERKSHIRE MULTIPLE SCLEROSIS THERAPY CENTRE LIMITED TRUSTEES’ REPORT (CONTINUED) FOR THE YEAR ENDED 31 DECEMBER 2024

PLANS FOR FUTURE PERIODS

A key ongoing requirement for MS support is consistency of service and one of the charity's principal goals is to maintain the services offered.

In addition the charity intends to:

REFERENCE AND ADMINISTRATIVE INFORMATION

Charity Name: The Berkshire Multiple Sclerosis Therapy Centre Limited Chanity registration number: 800419 Company registration number: 2270807 Registered Office and Bradbury House operational address: 23a August End Brock Gardens Reading, Berkshire RG30 2JP

Directors and Trustees

Mr David Coa Treasurer (resigned 20 February 2025) Mr Paul Shambrook Ms Penny Tillson Mr Neil Dawkins Chairman Ms Sue Brown Mr Gregg Burgess-Salisbury Ms Imogen Fletcher Ms Daniela Hanuskova Mr Nick Webb Ms Ros Hatt Ms Abigail Simmons (appointed 16 December 2024) Ms Rachel George {appointed 7 October 2024) Mr Ashley Harrison Secretary

Senior Management Team

Ms P Vincent Cooke Centre Manager Mrs A Hall Physiotherapy Manager Miss S Harper Fundraising Manager

Independent Examiners

Crowe U.K. LLP, R+ Building, 2 Blagrave Street, Reading, Berkshire, RG7 1AZ

Bankers

CAF Bank Ltd, 25 Kings Hill Avenue, Kings Hill, West Malling, Kent ME19 4JQ

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THE BERKSHIRE MULTIPLE SCLEROSIS THERAPY CENTRE LIMITED TRUSTEES’ REPORT (CONTINUED) FOR THE YEAR ENDED 31 DECEMBER 2024

STRUCTURE, GOVERNANCE AND MANAGEMENT

Governing Document

The Berkshire Multipte Sclerosis Therapy Centre Limited (the charity) is a company limited by guarantee (company number 2270807) and is a registered charity (charity number 800419).

The charity was established under a Memorandum of Association which established the objects and powers of the charitable company and is governed under its Articles of Association. In the event of the company being wound up members are required to contribute an amount not exceeding £1.

Organisational Structure

The charity is managed by the Trustee Management Committee comprising the company directors and meets at least quarterly. The committee sets the strategic direction and policy of the charity, agrees an annual budget, and monitors performance against the budget.

All members of the Trustee Management Committee give their time voluntarily. Committee members may benefit from the charity's MS services on the same terms as other beneficiaries.

Day to day management of the charity is delegated to the Centre Manager — including supervision of the staff and ensuring that the team continues to develop skilis and working arrangements in line with good practice and ensuring the Centre premises are properly serviced and maintained.

The Physiotherapy Manager is responsible for the direction and supervision of the physiotherapy team, the maintenance of recognised treatment standards, evaluating new treatment opportunities and ongoing training.

The Fundraising Manager is responsible for managing relationships with potential financial supporters, the submission of applications and grants and promoting fundraising event initiatives.

Salaries are reviewed annually, generally with reference to the pay scales of the National Joint Council for Local Government Services.

The trustees consider that the Key Management personnel are the trustees together with the Centre Manager, the Physiotherapy Manager and the Fundraising Manager.

Recruitment and Appointment of Management Committee

Trustee Management Committee members (trustees) must be ordinary members of the company. They are appointed by election at an Annual General Meeting of the charity, provided that in advance of the meeting they have been proposed by another ordinary member and are willing to be elected.

The officers of the Company — the Chairman, Treasurer and Secretary — are Trustee Management Committee members and are also appointed by election at each Annual General Meeting. The committee may appoint any of their number during the year to fill a casual vacancy among the officers. Such officers hold office until the next following Annual General Meeting

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THE BERKSHIRE MULTIPLE SCLEROSIS THERAPY CENTRE LIMITED TRUSTEES’ REPORT (CONTINUED) FOR THE YEAR ENDED 31 DECEMBER 2024

Trustee Induction and Training

New trustees are briefed on the objectives and activities of the charity and the environment within which it operates.

The policies and procedures of the charity have been documented. These are updated on a cyclical basis. All trustees are required to familiarise themselves with the charity’s policies and procedures.

Risk Management

The trustees have conducted a review of the risks to which the charity is exposed and assessed thair relative significance. These have been recorded within the policies and procedures documentation. Where appropriate, systems and procedures have been established to mitigate the risks the charity faces.

The principal risks to the charity are considered to be those conceming fund raising, financial internal controls, quality of service deiivery and the health and safety of staff, volunteers, clients and visitors to the Centre.

As regards fundraising, the risk is the adverse fluctuation of financial resources raised during the year. in the longer term this would place a financial strain upon the charity. The charity has developed a diversified range of financial resources to help mitigate this risk. The fundraising strategy is overseen by the Trustees, and actual financial performance is monitored on a monthly basis. Good relationships are maintained with a large pool of volunteers who are able to support the public collections and events programme.

Financial internal controls include the division of duties. The risk of fraudulent appropriation of the charity's financial resources is mitigated by the requirement that all financial transactions require dual authorisation.

The quality of service delivery is underpinned by qualified physiotherapy personnel, training programmes to help maintain professional standards and equipment maintenance schedules that comply with manufacturers’ specifications. The Physiotherapy Manager is responsible for the maintenance of recognised treatment standards and evaluating new treatment opportunities. These measures are in place to help ensure that service delivery meets racognised standards and benefits users. Procedures are in place to ensure compliance with the health and safety of staff, volunteers, clients and visitors to the Centre. Procedures in place include periodic fire alarm tests, Centre access security and regular maintenance of plant and equipment (including lifting equipment, and hygiene). These procedures are periodically reviewed to ensure that they continue to meet the needs of the charity.

Responsibilities of the Trustees

The Trustees (who are also directors of The Berkshire Multiple Sclerosis Therapy Centre Limited for the purposes of company law) are responsible for preparing the Trustees’ Annual Report and the financial statements in accordance with applicable law and United Kingdom Generally Accepted Accounting Practice (United Kingdom Accounting Standards).

Company law requires the Trustees to prepare financial statements for each financial year. Under company law the Trustees must not approve the financial statements unless they are satisfied that they give a true and fair view of the state of affairs of the charitable company and of the incoming resources and application of resources, including the income and expenditure, of the charitable company for that period. In preparing these financial statements, the Trustees are required to:

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THE BERKSHIRE MULTIPLE SCLEROSIS THERAPY CENTRE LIMITED TRUSTEES’ REPORT (CONTINUED) FOR THE YEAR ENDED 31 DECEMBER 2024

The Trustees are responsible for keeping adequate accounting records that are sufficient to show and explain the charitable company's transactions, disclose with reasonable accuracy at any time the financial position of the charitable company and enable them to ensure that the financial statements comply with the Companies Act 2006 and the provisions of the charity's constitution. 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.

Section 172 Statement

In line with the duties placed on them by section 172 of the Companies Act 2006, the Trustees, as directors of the company, have acted, in good faith, in the way they consider to be most likely to promote the success of the charity and achieve its charitable purposes. This includes placing the needs of the charity's beneficiaries at the heart of all that they do and focusing on insights-led decision making. All their activities and services are coproduced with employees, volunteers and people affected by MS.

This report has been prepared in accordance with the special provisions of Part 15 of the Companies Act 2006 relating to small companies.

Approved by the trustees on 2 Pa) \ uy \ao 76 and signed on their behalf by:

Neil Dawkins Trustee

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THE BERKSHIRE MULTIPLE SCLEROSIS THERAPY CENTRE LIMITED

STATEMENT OF FINANCIAL ACTIVITIES

(INCORPORATING AN INCOME AND EXPENDITURE ACCOUNT) YEAR ENDED 31 DECEMBER 2024

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||||||||| |---|---|---|---|---|---|---|---| |Notes|Unrestricted|Restricted|Endowment|Total|Total| |Funds|Funds|Funds|Funds|Funds| |2024|2024|2024|2024|2023| |£|£|£|£|£| |Income|and|endowments|from:| |Donatlons &|legacies| |Donations & subscriptions|3|382,134|105,302|160,000|647,436|457,331| |Legacies|30,000|-|-|30,000|40,000| |Grants|receivabie|4|8,500|=|-|8,500|16,250| |Charitable|activities| |Payments|for equipment|6|1,074|-|-|1,074|7,000| |Other income|7|854|-|-|854|-| |Other trading|activities| |Fundraising|activities|5|93,436|-|-|93,436|76,489| |Treatments|to those without MS|17,411|-|-|17,411|6,605| |Electricity — Feed|in|Tariff|2,202|-|-|2,202|2,829| |Shop|activities|4,949|-|-|4,549|7,089| |Investments|8|__12,770|_-|a-|~ 12,770|_—*F0.|928| |Total|§53,330|105,302|460,000|818,632|588.521| |Expenditure|on:| |Raising funds| |Fundraising|activities|g|174,244|-|-|174,244|159,600| |Shop|activities|3,536|-|"|3,536|6,710| |Charitable|activities| |Cost|of|activities|in|furtherance| |of the|charity's objects|10|405,987|114,847|-|§20,814|482,637| |Total|583,747|114,847|-|698,594|648,347| |Net expenditure|22|(30,417)|(9,545)|160,000|120,038|(59,826)| |Transfers|between|funds|102,300|-|(102,300)|=|“| |NET MOVEMENT|IN FUNDS|FOR YEAR|71,883|(9,545)|57,700|120,038|(59,826)| |Funds|at the start of the year|696,828|280,899|-|977,527|1,037,353| |52.100|1,097,565|977,527| |Funds at the end of the year|768711||[271,154]|

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The notes on pages 13 to 28 form part of these accounts

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THE BERKSHIRE MULTIPLE SCLEROSIS THERAPY CENTRE LIMITED BALANCE SHEET 31 DECEMBER 2024 Company Number 2270807

Notes 2024 2023
£ £
FIXED ASSETS
Tangible fixed assets 11 596,286 635, 374
CURRENT ASSETS
Stocks 12 1,902 2,060
Debtors 13 28,196 17,273
Cash at bank and in hand 538,979 390,527
569,077 409,860
CREDITORS: Amounts falling due within
one year 14 (67,798) (67,707)
NET CURRENTASSETS 501,279 342,153
TOTAL NETASSETS 1,097,565 _977,527
FUNDS
Unrestricted Funds
General funds 19 697,610 625,727
Designated funds 19 71,101 71,101
Restricted funds 18 271,154 280,699
Endowment funds 20 57,700 -
17 __1,097,565 977,527

The trustees consider that the company is entitled to exemption from the requirement to have an audit under the provisions of Section 477 of theCompanies Act 2006 (“the Act”) and members have not required the company to obtain an audit of its accounts for the period in question in accordance with Section 476 of the Act. The trustees acknowledge their responsibilities for ensuring that the company keeps accounting records which comply with Section 386 of the Act, and for preparing financial statements which give a true and fair view ofthe state of affairs of the company as at 31 December 2024 and of its deficit for the period then ended in accordance with the requirements of Sections 394 and 395 of the Act, and which otherwise comply with the requirements of the Companies Act 2006 relating to the financial statements so far as applicable to the company.

The financial statements have been prepared in accordance with the special provisions relating to companies subject to the small companies regime within Part 15 of the Companies Act 2006.

These financial statements were approved and authorised for issue by the Board and were signed on its behalfon 26 | Ly \ 2027S

Neil Dawkins Rachel George Trustee Trustee

The notes on pages 13 to 28 form part of these accounts

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THE BERKSHIRE MULTIPLE SCLEROSIS THERAPY CENTRE LIMITED CASH FLOW STATEMENT FOR THE YEAR ENDED 31 DECEMBER 2024

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2024 2023
£ £
Cash flows from operating activities
Net cash provided by operating activities (see below) 156.429 (69,.097}
Cash flows from investing activities
Bank interest received 12,770 10,928
Purchase of fixed assets (20,747) -
Net cash (used in)/provided by investing activities {7,977} 10,928
Change in cash and cash equivalents in reporting period 148,452 (58,769)
Cash and cash equivalents at the beginning of the reporting
period 390,527 448 696
Cash and cash equivalents at the end of the reporting period 538,979 ee 0,527
Reconcillation of net income to net cash flow from operating activities
2024 2023
£ £
Net expenditure 120,038 (59,826)
Adjustments for
Depraciation 59,635 62,197
Interest received (12,770) (710,928)
Decrease/(increase) in stock 158 1,269
Pecrease/{increase) in Debtors (10,923) 13,173
increase/(decrease) in Creditors 91 (74,976)
— 156,429 —{69,097)
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Analysis and movement of Net Debt 2023 Cash flow 2024
£ £ £
Cash in hand ——_390,527 148,452 _ [538,979]
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THE BERKSHIRE MULTIPLE SCLEROSIS THERAPY CENTRE LIMITED NOTES TO THE ACCOUNTS FOR THE YEAR ENDED 31 DECEMBER 2024

1. COMPANY INFORMATION

The principal activity of the charity is to aid and improve the condition of those living with Multiple Sclerosis. The incorporated charity (registered number 2270807 and charity number 800419) is domiciled in the UK. The address of the registered office Bradbury House, 23a August End, Brock Gardens, Reading, Berkshire, RG30 2JP.

The Berkshire Multiple Sclerosis Therapy Centre Limited is a private company limited by guarantee with no share capital. Each member's liability would be limited to an amount not exceeding £1 in the event of the charity winding up.

2. ACCOUNTING POLICIES

a) Basis of accounting

The accounts have been prepared in accordance with the Charities SORP (FRS102)} applicable to charities preparing their accounts in accordance with the Financial Reporting Standards applicable in the UK and Republic of Ireland and the Charities Act 2011 and UK Generally Accepted Practice as it applies from 1 January 2019.

The accounts have been prepared to give a ‘true and fair’ view and have departed from the Charities (Accounts and Reports) Regulations 2008 only to the extent required to provide a ‘true and fair view’. This departure has involved following Accounting and Reporting by Charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS102).

The Berkshire Multiple Sclerosis Therapy Centre meets the definition of a public benefit entity under FRS 102. Assets and liabilities are initially recognised at historical cost or transaction value unless otherwise stated in the relevant accounting policy note.

b) Critical accounting judgements and key sources of estimation uncertainty

In the application of the charity's accounting policies, which are described in note 2, trustees are required to make judgements, estimates and assumptions about the carrying value of assets and liabilities that are not readily apparent from other sources. The estimation and underlying assumptions are based on historical experience and other factors that are considered to be relevant. Actual results may differ from these estimates.

The estimates and underlying assumptions are reviewed on an on-going basis. Revisions to accounting estimates are recognised in the period in which the estimate is revised if the revision affects only that period, or in the period of revision and future periods if the revision affects the current and future periods.

In the view of the trustees, no assumptions conceming the future or estimation uncertainty affecting the assets and liabilities at the balance sheet date are likely to result in a material adjustment to their carrying amounts in the next financial year.

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THE BERKSHIRE MULTIPLE SCLEROSIS THERAPY CENTRE LIMITED NOTES TO THE ACCOUNTS (CONTINUED) FOR THE YEAR ENDED 31 DECEMBER 2024

2. ACCOUNTING POLICIES (CONTINUED)

c) Financial Instruments

The charity only has financial assets and financial liabilities of a kind that qualify as basic financial instruments. Basic financial instruments are initially recognised at transaction value and subsequently measured at their settlement value.

d} Income

All incoming resources are included in the statement of financial activities when the charity is entitled to the income, receipt is probable, and the amount can be quantified with reasonable accuracy.

The following specific policies are applied to particular categories of income:

e) Expenditure

Expenditure is recognized on an accrual basis as each liability is incurred.

Raising funds comprise the costs associated with attracting voluntary income and the costs of fundraising activities.

Charitable expenditure comprises those costs incurred by the charity in the delivery of its activities and services for its beneficiaries. It includes both costs that can be allocated directly to such activities and those costs of an indirect nature necessary to support them.

Charitable expenditure is reported under two sub headings:

All costs are allocated between the expenditure categories of the Statement of Financial Activities on a basis which is intended to reflect the use of each resource. Costs relating to a particular activity are allocated directly; others are apportioned on an appropriate basis as set out in Note 17.

i

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THE BERKSHIRE MULTIPLE SCLEROSIS THERAPY CENTRE LIMITED NOTES TO THE ACCOUNTS (CONTINUED) FOR THE YEAR ENDED 31 DECEMBER 2024

  1. ACCOUNTING POLICIES (CONTINUED)

f) Capitalisation of Fixed Assets and Depreciation

All expenditure on items that are intended for continued use by the charity on a jong term basis to generate funds and provide services to members are capitalised as fixed assets (except all IT software, and expenditure below £1,000, which is recognised in the Statement of Financial Activities in the year of purchase).

Depreciation is provided on all tangible fixed assets in use, at rates calculated to write off the cost of each asset, less estimated residual value of each asset over its expected useful life, as follows:

Buildings - over 50 years Fixtures, fittings & equipment (other than [T equipment) - over 10 years IT Equipment - over 5 years

g) Stocks

Stocks are stated at the lower of cost and net realisable value.

h) Fund Accounting

i) Debtors

Trade and other debtors are recognised at the settlement amount due after any trade discount offered. Prepayments are valued at the amount prepaid after taking account of any trade discounts due.

D Creditors and provisions

Creditors and provisions are recognised when the charity has a present obligation resulting from a past event that will probably result in the transfer of funds to a third party and the amount due to settle the obligation can be measured or estimated reliably.

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THE BERKSHIRE MULTIPLE SCLEROSIS THERAPY CENTRE LIMITED NOTES TO THE ACCOUNTS (CONTINUED) FOR THE YEAR ENDED 31 DECEMBER 2024

2. ACCOUNTING POLICIES (CONTINUED)

k) Cash and cash equivalents

Cash is represented by cash in hand and deposits with financial institutions repayable without penalty on notice of not more than 24 hours. Cash equivalents are highly liquid investments that mature in no more than three months from the date of acquisition and that are readily convertible to known amounts of cash with insignificant risk of change in value.

4)

Pensions

The charity contributes to the personal pension plans of employees. Contributions are charged to the Statement of Financial Activities as they fall due. Total contributions in the year were £35,236 (2023: £30,201). There were no outstanding contributions at the balance sheet date (2023: £nif).

  1. DONATIONS AND SUBSCRIPTIONS
2024 2023
£ £
Membership subscriptions 7,128 6,678
Donations:
Individuals
Gift aid tax reclaimed
Charitabletrusts
Companies		 211,339
34,790
351,158
40,7387		 128,416
23,107
261,476
36,385
Voluntary groups 2,234 7,390
—847436 __457,331

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THE BERKSHIRE MULTIPLE SCLEROSIS THERAPY CENTRE LIMITED NOTES TO THE ACCOUNTS (CONTINUED) FOR THE YEAR ENDED 31 DECEMBER 2024

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|||||| |---|---|---|---|---| |4.|GRANTS|RECEIVABLE| |2024|2023| |£|£| |Bracknell Town|Council|1,800|7,500| |Charvil|Parish|Council|-|100| |Crowthorne|Parish|Council|400|650| |Earley Town|Council|-|800| |Finchampstead|Parish|Council|2,000|-| |Henley Town|Council|1,300|-| |HMRC ~ National|Insurance|“|§,000| |Holybrook|Parish|Council|-|500| |Padworth|Parish|Council|-|160| |Purley|Parish|Council|500|500| |Reading|Borough|Council|-|5,875| |Shinfield|Parish|Council|1,000|-| |Speen|Parish|Council|-|360| |Warfield|Parish|Council|500|450| |Winkfield|Parish|Council|500|-| |Wokingham Without|Parish Council|500|476| |———8500|_|[16.250]| |5.|FUNDRAISING|ACTIVITIES|— INCOMING|RESOURCES| |2024|2023| |£|£| |Activities|79,670|66,345| |Gift Aid|tax|reclaimed|-|270| |Public|collections|11,766|9 874| |Sponsorship|2,000|-| |25.436|___76.499| |6.|PAYMENTS FOR USE|OF|EQUIPMENT| |2024|2023| |£.|£| |Masks for Oxygen|Therapy|1,074|7,000|

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THE BERKSHIRE MULTIPLE SCLEROSIS THERAPY CENTRE LIMITED NOTES TO THE ACCOUNTS (CONTINUED) FOR THE YEAR ENDED 31 DECEMBER 2024

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|||||||||| |---|---|---|---|---|---|---|---|---| |7.|OTHER|INCOME| |2024|2023| |£|£| |Student|placement|receipts|854|-| |———|S54|_| |8.|INVESTMENT|INCOME| |2024|2023| |£|£| |Bank|interest|12,770|10,928| |—md2F70|= __10.928| |9.|FUNDRAISING|ACTIVITIES|-— RESOURCES|EXPENDED| |2024|2023| |£|£| |Direct costs|of events|10,451|16,585| |Staff and|other|indirect|costs|110,255|89,|763| |Allocation|of|support|cosis|—|Fundraising|and|marketing|(See| |Note|16)|53,538|53,852| |we|lZ4,244|= ___159.500|

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THE BERKSHIRE MULTIPLE SCLEROSIS THERAPY CENTRE LIMITED NOTES TO THE ACCOUNTS (CONTINUED) FOR THE YEAR ENDED 31 DECEMBER 2024

10. COST OF ACTIVITIES INFURTHERANCE OF THE CHARITY’S OBJECTS

Physio-
therapy
2024
£		 Oxygen
therapy
2024
£		 Counselling
2024
£		 Yoga
2024
£		 Footcare
2024
£		 Complementary
therapies
2024
£		 Complementary
therapies
2024
£		 MS Support
2024
£		 Total
2024
£
Directcosts:
Staff
Trainingand recruitment
Equipment and
consumables		 177,849
1,259
15,146		 20,909
-
20,162		 20,986
-
-		 6,162
-
-		 42,200
~
-		 -
-
-		 53,796
-
-		 291,902
1,259
35,308
Masks
FES Equipment		 -
-		 4,027
-		 -
-		 -
-		 -
-		 -
-		 -
-		 4,027
"
Allocation ofsupport costs
(see note 18)		 56,881 16,830 4,837 2,418 7,256 7,256 92,740 188,318
——251,135 _62028 _25.823 _§580 __19456 _7256 —— 146.5365 ete B14
2023
£		 2023
£		 2023
£		 2023
£		 2023
£		 2023
£		 2023
£		 2023
£
Directcosts:
Staff
Training and recruitment		 153,455
632		 18,697
-		 21,872
-		 6,959
-		 9,500
-		 -
-		 41,364
-		 251,844
632
Equipmentand
consumables		 78,793 12,973 - - - - - 31,106
Masks
FES Equipment
Allocation ofsupportcosts
(see note 16)		 -
570
57,338		 5,573
-
17,274		 -
-
4,935		 -
-
2,468		 -
-
7,403		 -
-
7,403		 -
-
96,094		 5,873
570
192,915
188 __445i 26807 =
ABT		 6.903 ~___7.403 + =___137.458

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  1. TANGIBLE FIXED ASSETS

THE BERKSHIRE MULTIPLE SCLEROSIS THERAPY CENTRE LIMITED NOTES TO THE ACCOUNTS (CONTINUED) FOR THE YEAR ENDED 31 DECEMBER 2024

TANGIBLE FIXED ASSETSASSETS
Land & Fixtures,
bulldings fittings&
equipment		 Total
£ E £
Cost
At 1 January 2024 825,612 709,488 1,535,100
Additions : 20,747 20,747
At31 December2024 825,612 730,235 1,555,347
Depreciation
At i January2024
Chargefortheyear		 330,260
13,212		 569,466
46,623		 899,726
69,835
At31 December 2024 343,472 616,089 959,561
Net bookvalue
At31 December2024 —482,140 _114,146 ___596,286
At 37December2023 495,352 140.022 __635,374

All fixed assets are used for activities in furtherance of the charity’s objects or in support thereof.

12. STOCKS

STOCKS
2024 2023
£ £
Goodsfor sale 754 4,100
Masks 1,143 960
——-1,902 —— 4,060

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l
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THE BERKSHIRE MULTIPLE SCLEROSIS THERAPY CENTRE LIMITED NOTES TO THE ACCOUNTS (CONTINUED) FOR THE YEAR ENDED 31 DECEMBER 2024

13. DEBTORS 2024 2023
£ £
Otherdebtors
Insuranceclaim
Accruedincome
Prepayments		 3,499
4,327
2,966
16,904		 2,540
-
-
14,733
—28,196 _17,273
14, GREDITORS:Amountsfallingduewithinoneyear 2024 2023
£ £
Trade creditors 18,575 7,852
Othercreditors 5,293 435
Taxation and social security 8,110 6,916
Accruals and deferred income 35,820 §2,510
——87,798 —87/07

15. STAFF NUMBERS AND COSTS

The average number of persons employed by the charity during the year, analysed by category, was as follows:-

2024 2023
Direct charitable activities § fs)
Fundraising 4 3
Managementand administration er.
The aggregate payroll costs ofthese personswere as follows:-
2024 2023
£ £
Grosswagesandsalaries
Employer’s national insurance costs
Employer's pension costs		 356,970
27,020
35,236		 302,007
27,032
30.201
—419,226 =359.240 359.240

The aggregate payroll costs of these persons were as follows:-

No employee received emoluments in excess of £60,000 (2023: Enil}.

No remuneration was received by any of the trustees (2023: £nif). No expenses were reimbursed to any trustees (2023: £nil}.

There have been no related party transactions during the year that require disclosure.

Remuneration of key management personnel {including Employers NIC and Employers pension contributions) was £147,548 (2023: £150,746)

Page 21

THE BERKSHIRE MULTIPLE SCLEROSIS THERAPY CENTRE LIMITED NOTES TO THE ACCOUNTS (CONTINUED) FOR THE YEAR ENDED 31 DECEMBER 2024

16. SUPPORT COSTS

Support costs have been allocated on the basis of estimates of the proportion of each expense that is utilised by each of the output activities, as follows:-

2024 Total
%		 Fundraising
%		 Marketing
%		 Physto-
therapy
%		 Oxygen
therapy
%		 Gounselling
%		 Yoga
%		 Footcare
%		 Complementary
therapies
%		 MSSupport
%
Managementand admin
staffcosts 100 16 4 20 7 2 1 3 3 44
Office costs 100 28 4 20 7 2 4 3 3 32
Information and publicity }
Insurance and business
consultancy		 =)
}		 100 16 4 20 7 2 1 3 3 44
Bankcharges )
Utilitiesand hygiene
costs
Buildings—maintenance		 }
)		 100 16 4 30 ? 2 1 3 3 34
and depreciation
Governance		 j 100 16 4 20 7 2 1 3 3 44
2023comparatives Total
%		 Fundraising
%		 Marketing
%		 Physio-
therapy
%		 Oxygen
therapy
%		 Counselling
%		 Yoga
%		 Footcare
%		 Complementary
therapies
%
Managementandadmin
staffcosts 100 20 0 20 7 2 f 3 3 44
Officecosts
Information andpublicity		 ) 700 32 0G 20 ? 2 t 3 3 32
insurance andbusiness
consultancy		 =}
}		 100 20 0 20 7 2 7 3 3 44
Bankcharges }
Utilitiesandhygiene
cosis }
Buildings—maintenance =} 100 20 0 30 ? 2 7 3 3 34
anddepreciation }
Governance 100 20 0 20 7 2 7 3 3 44

Page 22

THE BERKSHIRE MULTIPLE SCLEROSIS THERAPY CENTRE LIMITED NOTES TO THE ACCOUNTS (CONTINUED) FOR THE YEAR ENDED 31 DECEMBER 2024

16. SUPPORT COSTS (continued)

Total
2024		 Fundraising
2024		 Marketing
2024		 Physio-
therapy
2024		 Oxygen
therapy
2024		 Counselling
2024		 Yoga
2024		 Footcare
2024		 Complementary
therapies
2024		 MS
Support
2024		 Total
2023
Managementand admin
staffcosts 74,937 11,990 2,998 14,987 §,246 1,499 749 2,248 2,248 32,972 73,769
Officecosts 43,054 12,055 1,722 8,611 3,014 861 430 1,292 1,292 13,777 37,491
Informationand publicity 2,548 408 102 510 178 51 26 76 76 1,121 14,081
Insurance and business
consuitancy 23,582 3,773 943 4,716 1,651 472 236 708 707 10,376 21,436
Bankcharges 6,206 993 248 1,241 434 424 62 186 187 2,731 5,350
Utilities and hygiene
costs
Buildings—maintenance		 22,561 3,610 902 6,768 1,579 451 226 677 677 7,671 79,022
and depreciation 62,640 10,006 2,502 18,762 4,378 4,251 625 1,876 1,876 21,264 60,824
Governance 6.428 1,029 257 1.286 450 128 64 193 193 2,828 15,394
—241,856 __45504 _9674 __56881 _16930 4837 _2418 7256 _7.256 =22740 _246,767

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Page 23

THE BERKSHIRE MULTIPLE SCLEROSIS THERAPY CENTRE LIMITED NOTES TO THE ACCOUNTS (CONTINUED) FOR THE YEAR ENDED 31 DECEMBER 2024

16. SUPPORT COSTS (continued)

Total
2023		 Fundraising
2023		 Physlo-
therapy
2023		 Oxygen
therapy
2023		 Counselling
2023		 Yoga
2023		 Footcare
2023		 Complementary
therapies
2023		 MS
Support
2023
£ £ £ £ £ £ £ £ £
Management and admin
staffcosts 73,769 14,634 14,634 §,122 1,463 732 2,195 2,795 32,194
Office costs 37,491 11,997 7,498 2,624 750 375 1,128 1,125 11,997
Information and publicity 14,081 2,816 2,816 986 282 141 422 422 6,196
Insurance and business
consultancy 21,436 4,287 4,287 4,507 429 214 643 643 9,432
Bankcharges 5,350 1,070 1,070 375 107 54 T60 160 2,384
Utilities and hygiene
costs
Buildings—maintenance		 19,022 3,804 5,707 1,331 380 190 571 571 6,468
and depreciation 60,824 12,765 18,247 4,258 1,216 608 1,825 1,825 20,680
Govemance __15,394 3,079 3,079 L077 308 154 462 462 6773
weifG[67 _53852 _57338 i727 4935 __2468 _7403 ____7,403 meee6,094

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Page 24

THE BERKSHIRE MULTIPLE SCLEROSIS THERAPY CENTRE LIMITED NOTES TO THE ACCOUNTS (CONTINUED) FOR THE YEAR ENDED 31 DECEMBER 2024

17. ANALYSISOFNETASSETS ASSETS BETWEEN FUNDS ASSETS BETWEEN FUNDS ASSETS BETWEEN FUNDS
Unrestricted
Designated		 Endowment Restricted Total
Funds Funds Fund Funds Funds
General 2024
£ £ £ £ £
Tangible fixed assets 348,268 - - 248,018 596,286
Current assets 417,140 71,101 57,700 23,136 569,077
Current liabilities 67.798 rr _ es 67.798
——597,510 — 11,101 _57,700 —271,154 _1,097,565
2023 Comparative £ £ £ £
Tangible fixedassets 374,144 - - 267,230 635,374
Currentassets 319,290 71,107 - 19,469 409,860
Currentliabilities __(67,707) CC _ 67,707,
——G25.727 —lL10i _.- 280.699 8__
977,527
18. RESTRICTED FUNDS
1
January
2024		 Incoming
Resources		 Transfer Resources
Expended		 31
December
2024
£ £ £ £ £
Land and buildings 261,230 - - 13,212 248,018
Counselling - 3,828 - 3,828 -
IT- Laptops 1,583 - - 999 584
Nordic Walking Poles 70 - - - 70
Oxygen Therapy - 2,985 - 2,985 -
Physio Equipment 282 " - - 282
Physio Invacare Hoist 1,297 - - 162 1,135
Physio plinth
PhysioThera chair
Physiotherapy
Physio Treadmill		 843
3,053
.
2,250		 -
-
84,185
-		 -
-
-
-		 -
666
84,185
375		 843
2,387
-
1,875
SupportNetwork - 7,180 - 7,180 :
Window renewals 8,230 7,124 - 372 14,982
Zoom IT Facility 1,861 - . 883 978
weeee280,899 105302 .- _114847 _274,154

Page 25

THE BERKSHIRE MULTIPLE SCLEROSIS THERAPY CENTRE LIMITED NOTES TO THE ACCOUNTS (CONTINUED) FOR THE YEAR ENDED 31 DECEMBER 2024

18. RESTRICTEDFUNDS (continued) RESTRICTEDFUNDS (continued) RESTRICTEDFUNDS (continued)
2023 Comparative 1
January		 Incoming
Resources		 Transfer Resources
Expended		 31
December
2023 2023
£ £ £ £ £
Land and buildings 274,442 - - (73,212) 261,230
Counselling - 9,609 - (9,609) -
IT - Laptops 2,582 - - (999) 1,583
Nordic Walking Poles 70 - - - 70
OxygenTherapy - 2,139 - (2,739) -
Physio Equipment 282 - - - 282
Physio Invacare Hoist 1,459 “ - (162) 1,297
Physio plinth 843 - - - 843
PhysioThera chair 3719 ~ - (666) 3,053
Physiotherapy
PhysioTreadmill		 -
2,625		 141,054
~		 -
-		 (141,054)
(375)		 -
2,250
Refrigerant dryer 133 - - (433) -
Resilience Funding (CAF) 54,288 - “ (54,288) -
Support Network - 17,563 - (17,563) “
Video project - §,520 - (5,520) -
Window renewals - 8,230 - - &,230
Yoga
Zoom IT Facility		 -
2.744		 4,107
=		 -
-		 (4,707)
(883)		 -
1,867
—
943,187		 _182216 ____- (244,704) _280,699
19. UNRESTRICTED FUNDS
1 Incoming Transfer Resources 31
January
2024		 Resources Expended December
2024
£ £ £ £ £
Designated funds
Legacy fund
Generalfunds		 71,101
625,727		 .
553,330		 -
_102,300		 -
_(583,747)		 71,101
_697,610
896,828 853,330 _102,300 _(583,747) _768,711
2023Comparative 7
January		 incoming
Resources		 Transfer Resources
Expended		 3f
December
2023 2023
£ £ £ £ £
Designatedfunds
Legacyfund 71,107 - - - 77,101
Generalfunds 623,065 406,305 - (403.643) _625,727
994,166 166 406,305 = _(403,843) _696.323

General Funds represent those funds which are unrestricted and not designated for other purposes.

Page 26

THE BERKSHIRE MULTIPLE SCLEROSIS THERAPY CENTRE LIMITED NOTES TO THE ACCOUNTS (CONTINUED)

FOR THE YEAR ENDED 31 DECEMBER 2024

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20. ENDOWMENT FUNDS
1 Incoming Transfer Resources 31
January Resources Expended December
2024 2024
£ £ £ £ £
The Edward Gostling Fund - 160,000 (102,300) - 57,700
—————= —160,000 (102,300) = 52,700
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:

21. CAPITAL COMMITMENTS At 31 December 2024, the company had no capital commitments (2023: Enil).

22. NET EXPENDITURE FOR THE YEAR

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2024 2023
£ £
ts stated after charging:-
Depreciation 59,835 62,191
Independent Examination {including irrecoverable VAT) —___ 5,940 _3520
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23. FINANCIAL INSTRUMENTS

All of the company’s monetary assets and liabilities are basic financial instruments.

Page 27

THE BERKSHIRE MULTIPLE SCLEROSIS THERAPY CENTRE LIMITED NOTES TO THE ACCOUNTS (CONTINUED) FOR THE YEAR ENDED 31 DECEMBER 2024

24. COMPARATIVE STATEMENT OF FINANCIAL ACTIVITIES

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|||||||| |---|---|---|---|---|---|---| |Unrestricted|Restricted|Total| |Funds|Funds|Funds| |2023|2023|2023| |£|£|£| |income|and endowments|from:| |Donations|and legacies| |Donations & subscriptions|275,115|182,276|467,337| |Legacies|10,000|-|10,000| |Grants receivable|16,250|-|16,250| |Charitable|Activities| |Payments|for equipment|7,000|-|1,000| |Other income|-|-|.| |Other trading|activities| |Fundraising|activities|76,489|-|76,489| |Treatments|fo|those|without MS|6,605|-|6,605| |Electricity — Feed|in|Tariff|2,829|-|2,829| |Shop|activities|7,089|-|7,089| |Rent received|-|“|-| |investments|10,928|-|10,928| |Total|406,305|182.216|588,521| |Expenditure|on:| |Raising funds| |Fundraising|activities|141,600|18,000|159,600| |Shop activities|6,170|-|6,170| |Charitable|activities| |Cost of activities|in|furtherance|of the| |charity's|objects|255.933|226,704|482 637| |Total|403,643|244,704|648|347| |Net (expenditure)|2,662|(62,488)|(59,826)| |Transfers between|funds|-|“|-| |NET MOVEMENT IN FUNDS FOR|YEAR|2,662|(62,488)|(59,826)| |Funds at the start of the year|694,166|343,187|1,037,353| |Funds at the end of|the year|096.828|280.699|—_|977,527|

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Page 28

INDEPENDENT EXAMINERS’ REPORT TO THE TRUSTEES OF THE BERKSHIRE MULTIPLE SCLEROSIS THERAPY CENTRE LIMITED

| report to the charity trustees on my examination of the accounts of the company for the year ended 31 December 2024, which are set out on pages 10 to 28.

This report is made solely to the charitable company's trustees, as a body, in accordance with Chapter 3 of Part 16 of the Companies Act 2006 and the charitable company’s trustees as a body in accordance with section 154 of the Charities Act 2011. My independent examiner's work has been undertaken so that [ might state to the charitable company's trustees those matters | am required to state to them in an independent examiner's report and for no other purpose. To the fullest extent permitted by law, | do not accept or assume responsibility to anyone other than the charitable company, the charitable company’s members as a body and the charitable company’s trustees as a body for my independent examiner's work, for this report, or for the opinions I have formed.

Responsibllities and basis of report

As the charity's trustees of the Company (and also its directors for the purposes of company law) you are responsible for the preparation of the accounts in accordance with the requirements of the Companies Act 2006 (‘the 2006 Act’). Having satisfied myself that the accounts of the Company are not required to be audited under Part 16 of the 2006 Act and are eligible for independent examination, | report in respect of my examination of your charity’s accounts as carried out under section 145 of the Charities Act 2011 (‘the 2011 Act). In carrying out my examination I have followed the Directions given by the Charity Commission under section 145(5) (b} of the 2011 Act.

Independent examiner's statement

Since the Company's gross income exceeded £250,000 your examiner must be a member of a body listed in section 145 of the 2041 Act. | confirm that | am qualified to undertake the examination because | am a member of the Institute of Chartered Accountants in England and Wales, which is one of the listed bodies. 1 have completed my examination. | confirm that no matters have come to my attention in connection with the examination giving me cause to believe:

  1. accounting records were not kept in respect of theCompany as required by section 386 of the 2006 Act; or

  2. the accounts do not accord with those records; or 3. the accounts do not comply with the accounting requirements of section 396 of the 2006 Act other than any requirement that the accounts give a ‘true and fair view which is not a matter considered 2s part of an independent examination; or

  3. the accounts have not been prepared in accordance with the methods and principles of the Statement of Recommended Practice for accounting and reporting by charities applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102).

| have no concems and have come across no other matters in connection with the examination to which attention should be drawn in this report in order to enable a proper understanding of the accounts to be reached.

R+ Building 2 Blagrave Street Reading

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Janette Joyce
CROWE U.K. LLP
Chartered Accountants
SS Thay 2025
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