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← Multiple Sclerosis Therapy Centre (Wessex) Limited

2024-12-31-accounts

WESSEX ANNUAL MULTIPLE SCLEROSIS REPORT L• •THERAPYCENTRE J* 2024

“I first came to the old MS Centre at The Beckford Centre in 1998. The positive support then – as now – has changed me so much for the better. The social interaction of like-minded people who understand MS and the ‘you’re not alone’ support of shared experience is a life-saver with the ups & downs of life and full of friendship! The management of the Centre has been inspirational. Thank you All; members, staff, volunteers & Trustees for the Centre’s success! Dean - Member

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 a singing circle one a week. Other therapies on offer include reiki, touch therapy, voice coaching, myofascial cupping, and energy therapy.

New to 2024 we introduced a foot therapist who visits the Centre monthly to provide care for all things foot related, which has been very much appreciated by so many of our members.

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

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

CHAIR’S REPORT

The charity has had a buoyant and busy year with a long-held dream of buying a wheelchair carrying vehicle - for members who cannot access the Therapy Centre due to lack of transport. We used a generous legacy from one of our members to purchase the car and we are indebted to the commitment and kindness of our volunteer drivers who have helped to make this dream come true. As always, great thanks go to Rosie and the team for creating such a unique, warm and uplifting environment, providing a much-needed healing space for our members and everyone who steps into the MS Centre. The charity is continually indebted to the commitment and hard work of the volunteers and with over fifty volunteers working every week to support the daily running of the charity, the Centre would not exist without their continued support. Our volunteers work in all aspects of the charity, including running the charity shop (bringing in over £60,000 in 2024), operating the oxygen chambers, running the reception desk and answering the phones. We now have drivers for the vehicle, MS Buddies (visiting members in their homes where needed), lunch club hosts, helpers in the physiotherapy gym, gardeners, office volunteers, trustees, and a team of volunteers working at Glastonbury Festival every year to raise funds for the Centre. In July we started our Outreach Project with funding from the Wiltshire Community Foundation tackling health inequalities and we were able to take our therapies out into the communities to people with MS who cannot get to the therapy Centre. It has been a great success story with plans to start an Outreach Day in Dorset later in the year. We also managed to raise funds through the Wiltshire Energy Food and Community Support Grants in order to help our members living on means-tested benefits with a financial contribution toward their winter fuel bills. We are always eternally grateful to the many fantastic fundraisers who throughout the year manage to raise funds to help run the Centre. This year included skydivers, runners, cake bakers, cyclists, slimmer’s and the ‘Sober for Six’ team, to name just a few. Thank you! The Trustees would like to say a huge thanks to the hard-working team of staff, therapists and volunteers who helped to make 2024 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 very proud of the work of our wonderful charity.

Laura Chappell (Chair) Mike Davidson (Retired) Sue Fraser Harry Hassall Trevor Woodyatt Amanda Cheesley 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 Coordinator: Portia Williams Housekeeper: Ros Smithers Therapists Lead Physiotherapist: Jane Cave-Gibbs Assistant Physiotherapist: Susan Watts Assistant Physiotherapist: Neil Tipping Voice Coach Anne Bourne Massage Therapy: Stephanie Davis Foot Therapist Jane Longley Acupuncturist Lisa Paul-Wickham Counsellor: Lisa Scholefield Energy Therapy: Martin Davis Pilates: Jane Langley

Volunteers

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

Laura Chappell - Chair

THERAPIES

The Centre strives to deliver first rate physical, emotional and social therapies in order to give our members a better quality of life.

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.

Reflexology

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

Tai Chi

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

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:

Acupuncture

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

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We were also overjoyed to receive a donation from the NFU Mutual

FUNDRAISING

We are thrilled to present the 2024 Fundraising Review, a celebration of the incredible dedication, generosity, and community spirit that has powered our mission forward over the past year. From bold challenges to beloved annual events, our supporters have truly gone above and beyond to raise vital funds for our cause.

One standout effort came from the team at Goodings Accounts , who took on a 'Sober for Six' challenge, giving up alcohol for six months to support our charity. March brought our much-loved Ladies Lunch to mark International Women’s Day, a heartwarming event filled with laughter, connection, and generosity. Spring also saw the return of our ever-popular Hellebores Open Day, where Juliet’s award-winning hellebores drew crowds and our team served up tea and cake to help raise funds. In a delicious show of support, one member hosted a day-long Cake Bake at her home, drawing the community together over homemade treats and shared purpose.

We were also overjoyed to receive a donation from the NFU Mutual Giving Fund after our community rallied together to vote for our charity, another testament to the strength of our supporters and the power of collective effort. We’ve also been fortunate to receive vital support through grants from local councils, helping us invest in essential equipment and ongoing therapies.

Throughout the year, our community fundraising never failed to delight. From our centre hamper raffles and tombola’s to our Christmas table stalls, the holiday spirit shone brightly at the centre.

All of these achievements reflect the extraordinary generosity, passion, and unity of everyone who supports our work. We’re endlessly grateful for each raffle ticket purchased, cake baked, leap taken, and vote cast. Thanks to you, 2024 has been a remarkable year with some fabulous memories. Here’s to carrying this momentum into 2025 and beyond!

Our volunteers once again made a big impact at the Glastonbury Festival, representing The MS Centre with energy and enthusiasm and securing generous support from the festival. Adventurous fundraisers took things to new heights with two charity skydives, showing incredible courage and commitment. In September, we held our much-loved curry night at our local Indian restaurant, and once again, we filled the place! It was an evening full of flavour and friendship, as familiar faces and new supporters came together in support of the centre. In December, a brave group of supporters plunged into the chilly waters of Vobster Quarry for a sponsored swim to close out the year with determination and heart.

- 5 -

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Thank you!

Trusts & Foundations

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

The Fudge Trust

Clothworkers' Foundation

National Lottery Community Fund

Wiltshire Community Foundation

The National Lottery

Community Groups

Warminster Masonic Ark Mariners Lodge

NFU Mutual Giving Agency Fund

St Denys Church

Bath Knot of the Friendly Brothers of the Order of St Patrick

Parochial Church Council, St Mary The Virgin, Upton Scudamore

Westbury Cricket Club

Armed Forces Breakfast Club

Slimming World - Warminster

Kingdown School

Heytesbury School

Minster School

—_

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 2024. 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. A significant proportion of the Charity’s resources are tied up in fixed asset capital investment. Such resources are maintained in a designated fund in order to identify they are not available to expend on running costs. The principle assets are:

In addition, a Revenue Expenditure Contingency Fund (£190,000) has been created to protect the charity against the impact of any catastrophic event which removes its ability to operate in the short term. The fund is based on approximately six months committed costs.

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 2024.

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

  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 as part of an independent examination; or

  4. 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: .............................................

MULTIPLE SCLEROSIS THERAPY CENTRE (WESSEX) LIMITED

STATEMENT OF FINANCIAL ACTIVITIES FOR THE YEAR ENDED 31 DECEMBER 2024

Unrestricted
Restricted
funds
fund
Notes
£
£
INCOME AND ENDOWMENTS FROM
Donations and legacies
218,303
30,001
Other trading activities
2
118,897
-
Investment income
3
11,219
-
Other income
35,138
-
Total
383,557
30,001
EXPENDITURE ON
Raising funds
10,015
-
Charitable activities
4
Charitable activities
314,850
-
Depreciation
26,663
3,911
Direct Costs
30,353
82,115
Total
381,881
86,026
Net gains on investments
15,763
-
NET INCOME/(EXPENDITURE)
17,439
(56,025)
Transfers between funds
12
30,862
(30,862)
Net movement in funds
48,301
(86,887)
RECONCILIATION OF FUNDS
Total funds brought forward
522,120
173,386
TOTAL FUNDS CARRIED FORWARD
570,421
86,499		 2024
Total
funds
£
248,304
118,897
11,219
35,138
413,558
10,015
314,850
30,574
112,468
467,907
15,763
(38,586)
-
(38,586)
695,506
656,920		 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
-
96,664
598,842
695,506

The notes form part of these financial statements

MULTIPLE SCLEROSIS THERAPY CENTRE (WESSEX) LIMITED

BALANCE SHEET 31 DECEMBER 2024

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
12
Unrestricted funds
Restricted funds
TOTAL FUNDS		 Unrestricted
funds
£
138,653
406,010
544,663
293
34,115
34,408
(8,650)
25,758
570,421
570,421		 Restricted
fund
£
66,492
-
66,492
-
20,007
20,007
-
20,007
86,499
86,499		 2024
Total
funds
£
205,145
406,010
611,155
293
54,122
54,415
(8,650)
45,765
656,920
656,920
570,421
86,499
656,920		 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

The charitable company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 December 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 December 2024 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...

MULTIPLE SCLEROSIS THERAPY CENTRE (WESSEX) LIMITED

BALANCE SHEET - continued 31 DECEMBER 2024

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 - Trustee

The notes form part of these financial statements

MULTIPLE SCLEROSIS THERAPY CENTRE (WESSEX) LIMITED

NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2024

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
Motor - 25% on reducing balance

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...

MULTIPLE SCLEROSIS THERAPY CENTRE (WESSEX) LIMITED

NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 31 DECEMBER 2024

2.
OTHER TRADING ACTIVITIES
Charity shops
Events
3.
INVESTMENT INCOME
Dividends
4.
CHARITABLE ACTIVITIES COSTS
Charitable activities
Depreciation
5.
NET INCOME/(EXPENDITURE)
Net income/(expenditure) is stated after charging/(crediting):
Depreciation - owned assets		 2024
£
65,759
53,138
118,897
2024
£
11,219
2024
£
30,574		 2023
£
61,691
54,455		 2023
£
61,691
54,455
116,146
2023
£
10,199
Support
costs
£
314,850
30,574		 2023
£
10,199
345,424
2023
£
21,296

6. TRUSTEES' REMUNERATION AND BENEFITS

There were no trustees' remuneration or other benefits for the year ended 31 December 2024 nor for the year ended 31 December 2023.

Trustees' expenses

There were no trustees' expenses paid for the year ended 31 December 2024 nor for the year ended 31 December 2023.

continued...

MULTIPLE SCLEROSIS THERAPY CENTRE (WESSEX) LIMITED

NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 31 DECEMBER 2024

7.
COMPARATIVES FOR THE STATEMENT OF FINANCIAL ACTIVITIES
Unrestricted
Restricted
funds
fund
£
£
INCOME AND ENDOWMENTS FROM
Donations and legacies
251,835
60,011
Other trading activities
116,146
-
Investment income
10,199
-
Other income
3,612
-
Total
381,792
60,011
EXPENDITURE ON
Raising funds
22,674
-
Charitable activities
Charitable activities
273,583
-
Depreciation
17,214
3,911
Direct Costs
63,881
340
Total
377,352
4,251
Net gains on investments
36,464
-
NET INCOME
40,904
55,760
RECONCILIATION OF FUNDS
Total funds brought forward
481,216
117,626
TOTAL FUNDS CARRIED FORWARD
522,120
173,386		 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

continued ...

MULTIPLE SCLEROSIS THERAPY CENTRE (WESSEX) LIMITED

NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 31 DECEMBER 2024

8. TANGIBLE FIXED ASSETS

Improvements
Leasehold
to
property
property
£
£
COST
At 1 January 2024
227,098
67,722
Additions
-
-
At 31 December 2024
227,098
67,722
DEPRECIATION
At 1 January 2024
114,251
67,722
Charge for year
4,542
-
At 31 December 2024
118,793
67,722
NET BOOK VALUE
At 31 December 2024
108,305
-
At 31 December 2023
112,847
-
Other
Motor
equipment
vehicles
£
£
COST
At 1 January 2024
175,921
-
Additions
9,090
24,995
At 31 December 2024
185,011
24,995
DEPRECIATION
At 1 January 2024
157,537
-
Charge for year
15,872
6,249
At 31 December 2024
173,409
6,249
NET BOOK VALUE
At 31 December 2024
11,602
18,746
At 31 December 2023
18,384
-		 Oxygen
chamber
£
135,780
-
135,780
65,377
3,911
69,288
66,492
70,403
Totals
£
606,521
34,085
640,606
404,887
30,574
435,461
205,145
201,634

continued...

MULTIPLE SCLEROSIS THERAPY CENTRE (WESSEX) LIMITED

NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 31 DECEMBER 2024

9. FIXED ASSET INVESTMENTS

MARKET VALUE
At 1 January 2024
Additions
Disposals
Change in value
At 31 December 2024
NET BOOK VALUE
At 31 December 2024
At 31 December 2023
There were no investment assets outside the UK.
10.
DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
Prepayments and accrued income
11.
CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
Trade creditors
Social security and other taxes
Other creditors
12.
MOVEMENT IN FUNDS
Net
movement
At 1.1.24
in funds
£
£
Unrestricted funds
General fund
25,730
34,680
Designated Funds
496,390
(17,241)
522,120
17,439
Restricted funds
Restricted Fund
173,386
(56,025)
TOTAL FUNDS
695,506
(38,586)		 Listed
investments
£
375,247
100,000
(85,000)
15,763
406,010
406,010
375,247
2024
2023
£
£
293
210
2024
2023
£
£
1,567
2,292
5,405
5,336
1,678
1,522
8,650
9,150
Transfers
between
At
funds
31.12.24
£
£
15,011
75,421
15,851
495,000
30,862
570,421
(30,862)
86,499
-
656,920

continued...

MULTIPLE SCLEROSIS THERAPY CENTRE (WESSEX) LIMITED

NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 31 DECEMBER 2024

12. MOVEMENT IN FUNDS - continued

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
Gains and
Movement
resources
expended
losses
in funds
£
£
£
£
383,557
(355,218)
6,341
34,680
-
(26,663)
9,422
(17,241)
383,555
(381,880)
15,763
17,439
30,001
(86,026)
-
(56,025)
413,556
(467,906)
15,763
(38,586)

Comparatives for movement in funds

Unrestricted funds
General fund
Designated Funds
Restricted funds
Restricted Fund
TOTAL FUNDS		 Net
movement
At
At 1.1.23
in funds
31.12.23
£
£
£
93,769
(68,039)
25,730
387,447
108,943
496,390
481,216
40,904
522,120
117,626
55,760
173,386
598,842
96,664
695,506		 Net
movement
At
At 1.1.23
in funds
31.12.23
£
£
£
93,769
(68,039)
25,730
387,447
108,943
496,390
481,216
40,904
522,120
117,626
55,760
173,386
598,842
96,664
695,506
522,120
173,386
695,506

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
Gains and
Movement
resources
expended
losses
in funds
£
£
£
£
278,791
(359,968)
13,138
(68,039)
103,001
(17,384)
23,326
108,943
381,792
(377,352)
36,464
40,904
60,011
(4,251)
-
55,760
441,803
(381,603)
36,464
96,664

continued...

MULTIPLE SCLEROSIS THERAPY CENTRE (WESSEX) LIMITED

NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 31 DECEMBER 2024

12. MOVEMENT IN FUNDS - continued

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		 Net
movement
At 1.1.23
in funds
£
£
93,769
(33,359)
387,447
91,702
481,216
58,343
117,626
(265)
598,842
58,078		 Transfers
between
At
funds
31.12.24
£
£
15,011
75,421
15,851
495,000
30,862
570,421
(30,862)
86,499
-
656,920

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
Gains and
Movement
resources
expended
losses
in funds
£
£
£
£
662,348
(715,186)
19,479
(33,359)
103,001
(44,047)
32,748
91,702
765,349
(759,233)
52,227
58,343
90,012
(90,277)
-
(265)
855,361
(849,510)
52,227
58,078

13. 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 2024.

continued...

MULTIPLE SCLEROSIS THERAPY CENTRE (WESSEX) LIMITED

NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 31 DECEMBER 2024

14. DESIGNATED FUNDS

The purposes of the designated funds are as follows:

A significant proportion of the Charity’s resources are tied up in fixed asset capital investment. Such resources are maintained in a designated fund in order to identify they are not available to expend on running costs. The principle assets are:

In addition, a Revenue Expenditure Contingency Fund (£190,000) has been created to protect the charity against the impact of any catastrophic event which removes its ability to operate in the short term. The fund is based on approximately six months committed costs.

15. RESTRICTED FUNDS

Restricted Reserves amounting to £86,499 are being carried forwards to be spent in the year ended 31 December 2025. This is made up of the following:

National Lottery grant income for voice therapy of £8,000

Wiltshire Community Foundation grant income for Outreach work of £7,491

Wiltshire Energy Food and Community Support grant income of £4,516

Donations totalling £66,492 relate to capital expenditure which will be allocated against restricted reserves over the useful economic life of the asset, in line with accounting policy for depreciation

continued...

MULTIPLE SCLEROSIS THERAPY CENTRE (WESSEX) LIMITED

DETAILED STATEMENT OF FINANCIAL ACTIVITIES FOR THE YEAR ENDED 31 DECEMBER 2024

INCOME AND ENDOWMENTS
Donations and legacies
Grants
Members subscriptions
Donations from members
Gift Aid
Legacies
Other trading activities
Charity shops
Events
Investment income
Dividends
Other income
Other income including Wiltshire Community
Support Fund
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
Premises overheads
Postage and telephone
Printing and stationery
Sundry expenses
Carried forward		 2024
£
51,130
6,299
135,458
2,118
53,299
248,304
65,759
53,138
118,897
11,219
35,138
413,558
10,015
-
69,745
42,723
112,468
184,743
10,313
5,378
57,659
4,198
2,690
13,529
278,510		 2023
£
66,011
3,738
133,718
5,228
103,151
311,846
61,691
54,455
116,146
10,199
3,612
441,803
22,674
340
48,533
15,348
64,221
164,342
8,021
4,749
46,599
4,039
2,527
10,164
240,441

This page does not form part of the statutory financial statements

MULTIPLE SCLEROSIS THERAPY CENTRE (WESSEX) LIMITED

DETAILED STATEMENT OF FINANCIAL ACTIVITIES FOR THE YEAR ENDED 31 DECEMBER 2024

Management
Brought forward
Computer expenses
Travelling expenses
Premises repairs and maintenance
Finance
Bank charges
Subscriptions
Information technology
Repairs and renewals
Depreciation
Leasehold Property
Oxygen Chamber
Other Equipment
Motor vehicles
Governance costs
Independent examination fee
Total resources expended
Net (expenditure)/income before gains
and losses
Realised recognised gains and losses
Realised gains/(losses) on fixed asset investments
Net (expenditure)/income		 2024
£
278,510
1,430
4,672
9,043
293,655
1,744
959
2,703
16,639
4,542
3,911
15,872
6,249
30,574
1,853
467,907
(54,349)
15,763
(38,586)		 2023
£
240,441
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

This page does not form part of the statutory financial statements