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2023-12-31-accounts

WESSEX ANNUAL MULTIPLE SCLEROSIS REPORT L• •THERAPY CENTRE 2023

“Having discovered the therapy centre last year I am in a much better place. Oxygen therapy, Reflexology and massage all help me to cope with my MS. Rosie and the team, the therapists and the fantastic members make volunteering an absolute privilege and pleasure. I have made lifelong connections and cannot imagine life without it. Thank you for being there when I needed you the most”. Mel, member and volunteer

Registered Office

BA12 9AB

THE CHARITY

The therapy centre is a regional charity offering physical, emotional and social therapies for people with MS and other conditions. There are currently over 300 regular members using the charity who live within an area covering Yeovil in the West, Andover in the East, Bath to the North and Bournemouth in the South. The members are mostly those living with MS, but those with other conditions do join for therapies where we have spare capacity, particularly oxygen therapy.

Offering long term physiotherapy for members with MS and oxygen therapy for all members, the centre is a busy hive of activity. The charity also offers holistic therapies to families and carers, including massage therapy and reflexology. There is a Pilates and Tai Chi class, and counselling is also available to all members. Other therapies on offer include reiki, touch therapy, myofascial cupping, and energy therapy.

New to 2023 we introduced one to one voice therapy and a weekly singing circle that brings much joy to members every week. A Tai Chi class was introduced thanks to the success of the Wellness Week and acupuncture is now also used two days a week in the therapy centre.

The charity provides a companion in the home with the MS Buddy Scheme for those living in social isolation and there is a warm and friendly purpose-built centre for social connection, relaxation, and tea and cake.

01985 217728

Fundraising Regulator No. 002357

Independent Financial Examiners

BA12 9AY

Lloyds Bank

BA12 9BD

OUR OBJECTIVES

Ultimately, we want to create a better quality of life for all members, their carers and families by offering physical, emotional and social therapies on an ongoing basis. We understand how important it is to support the carer as well as those suffering with health needs, and the therapy centre strives to include everyone who benefits from any of our therapies.

We want to provide a safe and happy space for those whose mobility and lifestyle has been compromised through ongoing illness, and for them to find physical and emotional well-being in a supportive and friendly environment.

Investment Managers

Senator House

EC4V 4ET

Trustees

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CHAIR’S REPORT
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The year started with Mike Davidson at the helm and the Centre owes Mike a huge debt of gratitude for stepping in as Acting Chair when Richard our previous Chairman sadly passed away. The legacy that of both these amazing Chairmen left has made my transition to Chair very easy.

The Centre continues to pick up post COVID with an almost return to pre COVID levels and remains a busy, welcoming and bustling place once again. Led wonderfully by Rosie and the team, the charity continues to provide the much-needed service to the community it serves. There is a group of people without whom the centre would not be such a successful charity and that is the volunteers, those mainly unsung people who freely offer up their time to help keep the charity running smoothy on a day-to-day basis and indeed keep it the place it is today. We are extremely fortunate in having such wonderful, kind, generous volunteers, that we simply could not do without. They are our receptionists, charity shop staff, Trustees, oxygen therapy operators, gardeners, fundraising committee, MS Buddies, lunch club helpers, physiotherapy volunteers and administrators. The demand for our therapies, especially oxygen therapy, has reached pre-covid levels and electricity use in the Centre is paid for by the solar panels on the roof. We received some fantastic legacies this year, and we are very grateful for the hard work of so many fundraisers who have supported our charity throughout the year. We have had marathon runners, swimmers, skydivers, golf days, pig races, tombola’s and lots of ingenious and good fun ways to support the work we do. The Trustees would like to offer sincere thanks to the hard working team of staff, therapists and volunteers who helped to make 2023 as successful as we could have wished for. Our charity strives to bring a better quality of life to the members, their families, and carers and as Chair I am happy to state that we will continue into a bright future on a sound and sustainable financial footing.

Laura Chappell Chair

Laura Chappell (Chair) Mike Davidson (Retired) Sue Fraser Harry Hassall Trevor Woodyatt Amanda Cheesley Laura Chappell John Bailey Sarah Harris-Johnson

Trustees are also directors for the purposes of company law

Staff

CEO: Rosie Eliot Deputy CEO: Sarah Williamson Fundraiser & Events Coordinator: Amanda Strong Finance Assistant: Emma Smele Welfare & Outreach Coordinator: Sarah Folker Volunteer Coordinators: Portia Williams Housekeepers: Ros Smithers

Therapists

Lead Physiotherapist: Jane Cave-Gibbs Assistant Physiotherapist: Susan Watts Assistant Physiotherapist: Neil Tipping Voice Coach Anne Bourne Reflexologist: Bev Such Massage Therapy: Stephanie Davis Acupuncturist Lisa Paul-Wickham Counsellor: Lisa Scholefield Energy Therapy: Martin Davis Touch Therapy: Sarah Zebedee

Volunteers

Oxygen Operators Receptionists Administrators Physiotherapy Assistants Charity Shop Support Team Trustees Gardeners Buddies

~~OO~~ THERAPIES

The charity hosted a Wellness Week in 2023 and we have subsequently introduced some new therapies to include Tai Chi and Voice Therapy.

Physiotherapy

Physiotherapy has a vital role to play in helping people to cope with the daily challenge of living with MS. We use an approach that enables members to:

Oxygen Therapy

Oxygen is essential to every tissue in the body and any tissue injury requires oxygen for healing. Breathing oxygen under pressure causes the dilated and leaky blood vessels in MS to constrict back to normal size and reduce the swelling. At the same time, more oxygen is delivered into the bloodstream, increasing the amount available to help undertake repair.

Massage Therapy

Massage therapy for people with MS is an excellent way for individuals to relieve some of the tension that lives in their unused muscles on a daily basis.

Pilates

Building strength and control of the muscles helps support the joints and improves balance, posture and body awareness.

Voice Therapy

One to one intensive work with members to strengthen vocal chords, through breathing techniques to control swallowing and helps with breathing and posture.

Singing Circle

A weekly class offering an uplifting and invigorating singing circle to strengthen voice, tone and pitch. This also helps with breathing and posture. A brilliant new addition to the therapy centre.

Counselling

Counselling can help with:

Reflexology

Reflexology aims to correct the three negative factors of congestion, inflammation and tension.

Acupuncture

Tai Chi

A form of exercise that improves strength, flexibility, aerobic conditioning and balance.

Acupuncture is a holistic way of treating the body and has many benefits, including symptom management and pain reduction.

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A a ——'
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FUNDRAISING

Ww a) 3 ; N 3 ‘\ |SClgROSIS) ro jeMe , ms@J iaS S 2s =. Ss Nees) while savouring great food and company. We organsied two separate team of skydivers, which provided thrills and raised Za 2 /

We are thrilled to present the annual fundraising review for 2023, highlighting the incredible efforts and impact of our community in supporting our organisation's mission. Throughout the year, our diverse range of fundraising events has brought us closer together while raising vital funds to support our cause.

Erlestoke Golf course chose us to be their charity of the year, and supported us by organising several fundraising events, including a pig race (with stuffed toys!). We enjoyed another lovely afternoon at the Hellebores Open Garden Day in Southstoke; this enchanting event welcomed visitors to explore the beauty of the Hellebores garden and enjoy a homemade cake or two! The Easter Chocolate hamper raffle at the MS Centre raised funds through the sale of tickets for delightful winners! Our 100 Club saw renewed memberships, demonstrating ongoing support from our dedicated members, who enjoy a flutter or two, and creating lots of winners. A daughter of one of our members participated in the London Marathon and showcased remarkable dedication, raising funds through this iconic event.

Two of our members with MS decided to embark on an exhilarating abseil down Spinnacre Tower in Portsmouth, raising funds and inspiring others with their bravery. A day of golfing at Cumberwell Golf Course brought supporters together for a fun-filled fundraising event, the weather was fabulous and enjoyed by all that took part. Our local Bupa Dentist team organised a lively Zumbathon, raising funds with enthusiasm and energy. Bupa match-funded their total raised, making this a really successful event. Supporters enjoyed a delicious curry night at the Agra restaurant in Warminster, contributing to our cause

significant funds, proving to be our most successful year yet with our skydivers fundraising. We celebrated the Queen's coronation by holding a charming Coronation tea party and an entertaining cinema night was enjoyed by all at Warminster school. Robert Young's swimming challenge demonstrated incredible determination, raising funds and inspiring others by swimming the equivelent mileage from Trowbridge to London! Festive celebrations during Christmas included craft tables, tombolas, and a fabulous hamper raffle, spreading holiday cheer.

We extend our heartfelt gratitude to all our supporters, volunteers, and partners who made these events possible. Your generosity and commitment are the driving force behind our fundraising mission, and we are profoundly grateful for your ongoing support. The success of our fundraising events in 2023 is a testament to the unwavering support and dedication of our community. Together, we have made a significant difference, and we look forward to continuing this journey together in the year ahead.

- 5 -

Lots of thrill seekers ; joined us by way of a charity skydive, the Bath Half Ne and the London he Marathon. 2023 L We had many ied volunteers at Glastonbury Music in photos… Festival raising funds and having a great - Ue a ¥ |

bak L

Thank you!

We are incredibly grateful to the many people and organisations who support us and make our work possible...

Trusts & Foundations

Albert Hunt Trust

Anton Jurgens Charitable Trust Battens Charitable Trust Clothworkers' Foundation

Douglas Arter Foundation Edward Gostling Foundation February Foundation

Fudge Trust

Hospital Saturday Fund

National Lottery Community Fund Somerset Community Foundation Walter Guinness Charitable Trust Wiltshire Community Foundation

Community Groups

Rotary Club of Frome

Warminster Lions Club

Warminster Relief in Need

Wilshaw G Charity

Armed Forces Breakfast Club

Tucker's Grave Inn

Warminster Carnival Club

—_

THE DIFFERENCE WE MAKE

STATEMENT OF TRUSTEES’ RESPONSIBILITIES

The Trustees (who are also directors of the Charity for the purposes of company law) are responsible for preparing the Trustees’ Report and the financial statements in accordance with applicable law, United Kingdom Accounting Standards and United Kingdom Generally Accepted Accounting Practice.

Company law requires the trustees to prepare financial statements for each financial 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, of the charitable company for that period. In preparing these financial statements, the Trustees are required and have fulfilled the requirement to:

The Trustees are responsible for keeping proper accounting records that 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. 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.

FINANCIAL POLICY

The Trustees are pleased to present the financial statements for the charity for the year ending 31 December 2023. The Financial Statements comply with the Charities Act 2011 and the Accounting and Reporting by Charities: Statement of Recommended Practice applicable to charities preparing their accounts in accordance with the Financial Reporting Standard for Smaller Entities.

Risk Management

The trustees have conducted a review of the major risks to which the Charity is exposed, with systems established to mitigate those risks. All procedures are reviewed periodically to ensure that they still meet the needs of the organisation. Policies and procedure for the safe running of the organisation are currently in place.

Reserves Policy

A policy is set which reflects the trustees’ wish to safely commit as much as possible to the primary objectives of the Charity whilst retaining financial stability and the potential to respond to new opportunities. In accordance with this policy, the Charity has the following designated reserves to secure its future and guard against major risks:

INDEPENDENT EXAMINER'S REPORT TO THE TRUSTEES OF MULTIPLE SCLEROSIS THERAPY CENTRE (WESSEX) LIMITED

Independent examiner's report to the trustees of Multiple Sclerosis Therapy Centre (Wessex) Limited ('the Company')

I report to the charity trustees on my examination of the accounts of the Company for the year ended 31 December 2023.

Responsibilities 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, I 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 your charity's gross income exceeded £250,000 your examiner must be a member of a listed body. I can confirm that I am qualified to undertake the examination because I am a member of the Institute of Chartered Accountants in England and Wales, which is one of the listed bodies.

I have completed my examination. I confirm that no matters have come to my attention in connection with the examination giving me cause to believe:

  1. accounting records were not kept in respect of the Company as required by Section 386 of the 2006 Act; or 2. the accounts do not accord with those records; or

  2. the accounts do not comply with the accounting requirements of Section 396 of the 2006 Act other than any requirement that the accounts give a true and fair view which is not a matter considered as part of an independent 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)).

I have no concerns 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.

Ian D Gillard

PG Owen Limited Chartered Accountants 21A Market Place Warminster Wiltshire BA12 9AY

Date: .............................................

Page 10

MULTIPLE SCLEROSIS THERAPY CENTRE (WESSEX) LIMITED

STATEMENT OF FINANCIAL ACTIVITIES FOR THE YEAR ENDED 31 DECEMBER 2023

Unrestricted
funds
Notes
£
INCOME AND ENDOWMENTS FROM
Donations and legacies
251,835
Other trading activities
2
116,146
Investment income
3
10,199
Other income
3,612
Total
381,792
EXPENDITURE ON
Raising funds
22,674
Charitable activities
4
Charitable activities
273,583
Depreciation
17,214
Direct Costs
63,881
Total
377,352
Net gains/(losses) on investments
36,464
NET INCOME
40,904
RECONCILIATION OF FUNDS
Total funds brought forward
481,216
TOTAL FUNDS CARRIED FORWARD
522,120		 Restricted
fund
£
60,011
-
-
-
60,011
-
-
3,911
340
4,251
-
55,760
117,626
173,386		 2023
Total
funds
£
311,846
116,146
10,199
3,612
441,803
22,674
273,583
21,125
64,221
381,603
36,464
96,664
598,842
695,506		 2022
Total
funds
£
223,707
94,620
10,008
3,993
332,328
13,603
199,077
16,591
49,162
278,433
(49,637)
4,258
594,584
598,842

The notes form part of these financial statements

Page 11

MULTIPLE SCLEROSIS THERAPY CENTRE (WESSEX) LIMITED

BALANCE SHEET 31 DECEMBER 2023

Notes
FIXED ASSETS
Tangible assets
8
Investments
9
CURRENT ASSETS
Debtors
10
Cash at bank
CREDITORS
Amounts falling due within one year
11
NET CURRENT ASSETS
TOTAL ASSETS LESS CURRENT
LIABILITIES
NET ASSETS
FUNDS
13
Unrestricted funds
Restricted funds
TOTAL FUNDS		 Unrestricted
funds
£
131,231
375,247
506,478
210
24,582
24,792
(9,150)
15,642
522,120
522,120		 Restricted
fund
£
70,403
-
70,403
-
102,983
102,983
-
102,983
173,386
173,386		 2023
Total
funds
£
201,634
375,247
576,881
210
127,565
127,775
(9,150)
118,625
695,506
695,506
522,120
173,386
695,506		 2022
Total
funds
£
206,304
358,783
565,087
2,708
43,311
46,019
(12,264)
33,755
598,842
598,842
481,216
117,626
598,842

The charitable company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 December 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 December 2023 in accordance with Section 476 of the Companies Act 2006.

The trustees acknowledge their responsibilities for

The notes form part of these financial statements

continued...

Page 12

MULTIPLE SCLEROSIS THERAPY CENTRE (WESSEX) LIMITED

BALANCE SHEET - continued 31 DECEMBER 2023

These financial statements have been prepared in accordance with the provisions applicable to charitable companies subject to the small companies regime.

The financial statements were approved by the Board of Trustees and authorised for issue on ............................................. and were signed on its behalf by:

............................................. L Chappell - Chair

The notes form part of these financial statements

Page 13

MULTIPLE SCLEROSIS THERAPY CENTRE (WESSEX) LIMITED

NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2023

1. ACCOUNTING POLICIES

Basis of preparing the financial statements

The financial statements of the charitable company, which is a public benefit entity under FRS 102, have been prepared in accordance with the Charities SORP (FRS 102) 'Accounting and Reporting by Charities: Statement of Recommended Practice applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) (effective 1 January 2019)', Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland' and the Companies Act 2006. The financial statements have been prepared under the historical cost convention, with the exception of investments which are included at market value.

Income

All income is recognised in the Statement of Financial Activities once the charity has entitlement to the funds, it is probable that the income will be received and the amount can be measured reliably.

Expenditure

Liabilities are recognised as expenditure as soon as there is a legal or constructive obligation committing the charity to that expenditure, it is probable that a transfer of economic benefits will be required in settlement and the amount of the obligation can be measured reliably. Expenditure is accounted for on an accruals basis and has been classified under headings that aggregate all cost related to the category. Where costs cannot be directly attributed to particular headings they have been allocated to activities on a basis consistent with the use of resources.

Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Leasehold property - 2% on cost
Oxygen chamber - 5% on cost
Other equipment - 33% on cost

Taxation

The charity is exempt from corporation tax on its charitable activities.

Fund accounting

Unrestricted funds can be used in accordance with the charitable objectives at the discretion of trustees.

Restricted funds can only be used for particular restricted purposes within the objects of the charity. Restrictions arise when specified by the donor or when funds are raised for particular restricted purposes.

Designated funds are unrestricted funds earmarked by the trustees for a particular purpose..

Further explanation of the nature and purpose of each fund is included in the notes to the financial statements.

Pension costs and other post-retirement benefits

The charitable company operates a defined contribution pension scheme. Contributions payable to the charitable company's pension scheme are charged to the Statement of Financial Activities in the period to which they relate.

continued...

Page 14

MULTIPLE SCLEROSIS THERAPY CENTRE (WESSEX) LIMITED

NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 31 DECEMBER 2023

2.
OTHER TRADING ACTIVITIES
Charity shops
Events
3.
INVESTMENT INCOME
Dividends
Interest
4.
CHARITABLE ACTIVITIES COSTS
Charitable activities
Depreciation
5.
NET INCOME/(EXPENDITURE)
Net income/(expenditure) is stated after charging/(crediting):
Depreciation - owned assets		 2023
£
61,691
54,455
116,146
2023
£
10,199
-
10,199
2023
£
21,296		 2022
£
52,498
42,122
94,620
2022
£
9,993
15
10,008
Support
costs
£
273,583
21,125		 2022
£
9,993
15
10,008
294,708
2022
£
16,591

6. TRUSTEES' REMUNERATION AND BENEFITS

There were no trustees' remuneration or other benefits for the year ended 31 December 2023 nor for the year ended 31 December 2022.

Trustees' expenses

There were no trustees' expenses paid for the year ended 31 December 2023 nor for the year ended 31 December 2022.

Page 15

continued...

MULTIPLE SCLEROSIS THERAPY CENTRE (WESSEX) LIMITED

NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 31 DECEMBER 2023

7.
COMPARATIVES FOR THE STATEMENT OF FINANCIAL ACTIVITIES
Unrestricted
funds
£
INCOME AND ENDOWMENTS FROM
Donations and legacies
134,408
Other trading activities
94,620
Investment income
10,008
Other income
3,993
Total
243,029
EXPENDITURE ON
Raising funds
13,603
Charitable activities
Charitable activities
199,077
Depreciation
11,913
Direct Costs
43,050
Total
267,643
Net gains/(losses) on investments
(49,637)
NET INCOME/(EXPENDITURE)
(74,251)
RECONCILIATION OF FUNDS
Total funds brought forward
555,468
TOTAL FUNDS CARRIED FORWARD
481,217		 Restricted
fund
£
89,299
-
-
-
89,299
-
-
4,678
6,112
10,790
-
78,509
39,116
117,625		 Total
funds
£
223,707
94,620
10,008
3,993
332,328
13,603
199,077
16,591
49,162
278,433
(49,637)
4,258
594,584
598,842

Page 16

continued...

MULTIPLE SCLEROSIS THERAPY CENTRE (WESSEX) LIMITED

NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 31 DECEMBER 2023

8. TANGIBLE FIXED ASSETS

Improvements
Leasehold
to
Oxygen
property
property
chamber
£
£
£
COST
At 1 January 2023
227,098
67,722
135,780
Additions
-
-
-
At 31 December 2023
227,098
67,722
135,780
DEPRECIATION
At 1 January 2023
109,709
67,722
61,465
Charge for year
4,542
-
3,912
At 31 December 2023
114,251
67,722
65,377
NET BOOK VALUE
At 31 December 2023
112,847
-
70,403
At 31 December 2022
117,389
-
74,315
9.
FIXED ASSET INVESTMENTS
MARKET VALUE
At 1 January 2023
Disposals
Change in value
At 31 December 2023
NET BOOK VALUE
At 31 December 2023
At 31 December 2022
There were no investment assets outside the UK.
10.
DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
Prepayments and accrued income		 Other
equipment
Totals
£
£
159,295
589,895
16,626
16,626
175,921
606,521
144,695
383,591
12,842
21,296
157,537
404,887
18,384
201,634
14,600
206,304
Listed
investments
£
358,783
(20,000)
36,464
375,247
375,247
358,783
2023
2022
£
£
210
2,708

continued...

Page 17

MULTIPLE SCLEROSIS THERAPY CENTRE (WESSEX) LIMITED

NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 31 DECEMBER 2023

11. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

Bank loans and overdrafts (see note 12)
Trade creditors
Social security and other taxes
Other creditors		 2023
£
-
2,292
5,336
1,522
9,150		 2022
£
3,678
2,867
4,329
1,390
12,264

12. LOANS

An analysis of the maturity of loans is given below:
Amounts falling due within one year on demand:
Bank overdrafts
MOVEMENT IN FUNDS
Unrestricted funds
General fund
Designated Funds
Restricted funds
Restricted Fund
TOTAL FUNDS
Net movement in funds, included in the above are as follows:
Incoming
resources
£
Unrestricted funds
General fund
278,791
Designated Funds
103,001
381,792
Restricted funds
Restricted Fund
60,011
TOTAL FUNDS
441,803		 At 1.1.23
£
93,769
387,447
481,216
117,626
598,842
Resources
expended
£
(359,968)
(17,384)
(377,352)
(4,251)
(381,603)		 2023
2022
£
£
-
3,678
Net
movement
At
in funds
31.12.23
£
£
(68,039)
25,730
108,943
496,390
40,904
522,120
55,760
173,386
96,664
695,506
Gains and
Movement
losses
in funds
£
£
13,138
(68,039)
23,326
108,943
36,464
40,904
-
55,760
36,464
96,664

13. MOVEMENT IN FUNDS

continued...

Page 18

MULTIPLE SCLEROSIS THERAPY CENTRE (WESSEX) LIMITED

NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 31 DECEMBER 2023

13. MOVEMENT IN FUNDS - continued

Comparatives for movement in funds

Unrestricted funds
General fund
Designated Funds
Restricted funds
Restricted Fund
TOTAL FUNDS		 At 1.1.22
£
173,992
381,476
555,468
39,116
594,584		 Net
movement
in funds
£
(31,788)
(42,464)
(74,252)
78,510
4,258		 Transfers
between
funds
£
(48,435)
48,435
-
-
-		 At
31.12.22
£
93,769
387,447
481,216
117,626
598,842

Comparative net movement in funds, included in the above are as follows:

Unrestricted funds
General fund
Designated Funds
Restricted funds
Restricted Fund
TOTAL FUNDS		 Incoming
resources
£
243,029
-
243,029
89,299
332,328		 Resources
expended
£
(255,731)
(11,913)
(267,644)
(10,789)
(278,433)		 Gains and
Movement
losses
in funds
£
£
(19,086)
(31,788)
(30,551)
(42,464)
(49,637)
(74,252)
-
78,510
(49,637)
4,258

A current year 12 months and prior year 12 months combined position is as follows:

Unrestricted funds
General fund
Designated Funds
Restricted funds
Restricted Fund
TOTAL FUNDS		 At 1.1.22
£
173,992
381,476
555,468
39,116
594,584		 Net
movement
in funds
£
(99,827)
66,479
(33,348)
134,270
100,922		 Transfers
between
funds
£
(48,435)
48,435
-
-
-		 At
31.12.23
£
25,730
496,390
522,120
173,386
695,506

continued...

Page 19

MULTIPLE SCLEROSIS THERAPY CENTRE (WESSEX) LIMITED

NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 31 DECEMBER 2023

13. MOVEMENT IN FUNDS - continued

A current year 12 months and prior year 12 months combined net movement in funds, included in the above are as follows:

Unrestricted funds
General fund
Designated Funds
Restricted funds
Restricted Fund
TOTAL FUNDS		 Incoming
resources
£
521,820
103,001
624,821
149,310
774,131		 Resources
expended
£
(615,699)
(29,297)
(644,996)
(15,040)
(660,036)		 Gains and
Movement
losses
in funds
£
£
(5,948)
(99,827)
(7,225)
66,479
(13,173)
(33,348)
-
134,270
(13,173)
100,922

14. RELATED PARTY DISCLOSURES

During the year, two of the Trustees received therapies on an arms length basis. There were no other related party transactions for the year ended 31 December 2022.

15. DESIGNATED FUNDS

The purposes of the designated funds are as follows:

Page 20

MULTIPLE SCLEROSIS THERAPY CENTRE (WESSEX) LIMITED

DETAILED STATEMENT OF FINANCIAL ACTIVITIES FOR THE YEAR ENDED 31 DECEMBER 2023

INCOME AND ENDOWMENTS
Donations and legacies
Grants
Members subscriptions
Donations from members
Gift Aid
Legacies
Oxygen Generation
Other trading activities
Charity shops
Events
Investment income
Dividends
Interest
Other income
Other
Total incoming resources
EXPENDITURE
Other trading activities
Raising funds
Direct Costs
Oxygen and repairs to chamber
Professional fees and training
Assistance to enable members needing help to
come to the Centre
Support costs
Management
Wages
Social security
Pensions
Electricity, water and insurance
Carried forward		 2023
£
66,011
3,738
133,718
5,228
103,151
-
311,846
61,691
54,455
116,146
10,199
-
10,199
3,612
441,803
22,674
340
48,533
15,348
64,221
164,342
8,021
4,749
46,599
223,711		 2022
£
9,300
3,865
122,386
3,756
4,400
80,000
223,707
52,498
42,122
94,620
9,993
15
10,008
3,993
332,328
13,603
12,491
32,470
4,201
49,162
142,631
6,152
4,048
13,323
166,154

This page does not form part of the statutory financial statements

Page 21

MULTIPLE SCLEROSIS THERAPY CENTRE (WESSEX) LIMITED

DETAILED STATEMENT OF FINANCIAL ACTIVITIES FOR THE YEAR ENDED 31 DECEMBER 2023

Management
Brought forward
Postage and telephone
Printing and stationery
Sundry expenses
Computer expenses
Travelling expenses
Finance
Bank charges
Subscriptions
Information technology
Repairs and renewals
Depreciation
Leasehold Property
Oxygen Chamber
Other Equipment
Governance costs
Independent examination fee
Total resources expended
Net income before gains and losses
Realised recognised gains and losses
Realised gains/(losses) on fixed asset investments
Net income		 2023
£
223,711
4,039
2,527
10,164
1,909
1,451
243,801
2,665
910
3,575
24,353
4,542
3,911
12,842
21,295
1,684
381,603
60,200
36,464
96,664		 2022
£
166,154
4,236
2,020
9,704
1,172
686
183,972
2,658
1,096
3,754
10,056
4,542
3,911
8,138
16,591
1,295
278,433
53,895
(49,637)
4,258

This page does not form part of the statutory financial statements

Page 22