REGISTERED COMPANY NUMBER: 02366411 (England and Wales) REGISTERED CHARITY NUMBER: 803187
REPORT OF THE TRUSTEES AND
FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30TH JUNE 2025
FOR
MS ACTION LIMITED
Cobbin Floyd Ltd Chartered Accountants Statutory Auditors 15a Station Road Epping Essex CM16 4HG
MS ACTION LIMITED
CONTENTS OF THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 30TH JUNE 2025
| Page | |||
|---|---|---|---|
| Report of the Trustees | 1 | to | 3 |
| Independent Examiner's Report | 4 | ||
| Statement of Financial Activities | 5 | ||
| Balance Sheet | 6 | ||
| Notes to the Financial Statements | 7 | to | 10 |
| Detailed Statement of Financial Activities | 11 | to | 12 |
MS ACTION LIMITED
REPORT OF THE TRUSTEES FOR THE YEAR ENDED 30TH JUNE 2025
The trustees who are also directors of the charity for the purposes of the Companies Act 2006, present their report with the financial statements of the charity for the year ended 30th June 2025. The trustees have adopted the provisions of 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).
OBJECTIVES AND ACTIVITIES
Objectives and aims
MS Action Limited exists to support individuals affected by Multiple Sclerosis (MS) and their families. Our 'merger' with The Marjorie Collins Wellbeing Centre complements and enhances these aims and objectives.
We continue to provide physical therapies, including oxygen therapy, emotional and social support, health guidance in the form of the MS Nurse and practical assistance in the area of benefits and transport where we can advocate on behalf of members.
The move to our new centre at Chadwell Heath has allowed greater community interaction by laying on social events and letting space to other community groups.
Significant activities
Therapies and services currently offered at MS Action are Oxygen therapy, Physiotherapy, Shiatsu, Chiropody and Bowen.
Risk management
The Trustees have identified and assessed key risks facing the organisation, including financial sustainability, safeguarding, and compliance with data protection regulations, health and safety and HR compliance. Mitigation strategies have been implemented, including regular financial reviews, staff training, and clear reporting lines for incidents and concerns. We have subscribed to a management organisation to provide support in these areas to ensure compliance and provide help should we find ourselves in breach.
ACHIEVEMENTS AND PERFORMANCE
Charitable activities
During the year, MS Action Limited continued to build on its foundations, delivering a range of therapies, events and interventions.
The real achievement during the year was the move from Walthamstow to Chadwell Heath and effectively merging two organisations to service an enlarged client group.
As a result of the move there are costs and expenses which will not be repeated in future years and income and donations which similarly, we will not benefit from in the future.
The new, larger building has allowed us to open the centre to community groups to both generate income and to spread the word about what we do and provide to our client group.
Plans for the Future
Looking ahead, MS Action Limited aims to expand its support services, strengthen partnerships with healthcare and community groups and increase fundraising efforts. We have already embarked upon a professional fundraising programme which we hope will provide benefits very soon.
FINANCIAL REVIEW
Financial position
This was an exceptional year, but the underlying position is that our regular activities do not cover all our outgoings. We will continue to increase membership, review operating costs, review prices and focus more effectively on attracting funding from external sources.
Our reserves have been diminished as a result of the move, but they remain relatively healthy and whilst below the £100,000 we have aimed for in the past, we remain well over £50,000 and we will keep to this level during the current year.
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MS ACTION LIMITED
REPORT OF THE TRUSTEES FOR THE YEAR ENDED 30TH JUNE 2025
FINANCIAL REVIEW
Reserves policy
Covid and lockdown affected reserves negatively and many clients were slow to return to the centre following the end of lockdown. People have been slowly returning and new members have joined with income steadily increasing.
The directors have forecast the level of free reserves (that is those funds not tied up in fixed assets) the charity will require to sustain operations. The directors consider that the most appropriate level of free reserves is £100,000. The actual level of reserves as at June 2025 was just over £50,000 which is lower than our target figure but not unexpected due to the expenses incurred by moving to the new premises.Now the move has been completed we will continue to build on these reserves moving forward.
STRUCTURE, GOVERNANCE AND MANAGEMENT
Governing document
The charity is controlled by its governing document, a deed of trust, and constitutes a limited company, limited by guarantee, as defined by the Companies Act 2006.
Governance and Management
The charity is governed by a Board of Trustees who meet at least quarterly to review progress, set strategic direction, and ensure compliance with statutory requirements.
During the year, the Trustees undertook a review of governance policies and at the coming AGM will set out what changes we recommend to expand our client group and to welcome future trustees from a broader talent pool.
The Board is supported by a committed team of staff and volunteers, and we have set up an operations committee to focus the work these people do and give them more specific tasks and responsibilities at a strategic level. This is working well, and it is their dedication which underpins the charity's success.
Acknowledgements
The Trustees gratefully acknowledge the generosity of donors, the dedication of volunteers, and the support of staff and partner organisations. Their contributions have been essential to the charity's achievements during the year.
REFERENCE AND ADMINISTRATIVE DETAILS Registered Company number
02366411 (England and Wales)
Registered Charity number
803187
Registered office
The Marjorie Collins Centre 237 Grove Road Chadwell Heath Romford Essex RM6 4XF
Trustees
Mr P Benscher (resigned 18.10.24) Mr R Emmerson Ms C Juste, (resigned 28.9.24) Ms J Murphy (resigned 8.2.25) Mr C Collins (appointed 7.11.24) (resigned 30.3.25) Mr S Thomas (appointed 25.10.24) (resigned 26.7.25) Ms S M Marks Ms S Crate (appointed 29.5.25) Ms J E Hill (appointed 20.5.25)
Company Secretary
Ms S Marks
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MS ACTION LIMITED
REPORT OF THE TRUSTEES FOR THE YEAR ENDED 30TH JUNE 2025
REFERENCE AND ADMINISTRATIVE DETAILS Independent Examiner Natalie Floyd ACA Cobbin Floyd Ltd Chartered Accountants Statutory Auditors 15a Station Road Epping Essex CM16 4HG
Approved by order of the board of trustees on 23rd February 2026 and signed on its behalf by:
Mr R Emmerson - Trustee
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INDEPENDENT EXAMINER'S REPORT TO THE TRUSTEES OF MS ACTION LIMITED
Independent examiner's report to the trustees of MS Action Limited ('the Company')
I report to the charity trustees on my examination of the accounts of the Company for the year ended 30th June 2025.
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:
-
accounting records were not kept in respect of the Company as required by Section 386 of the 2006 Act; or
-
the accounts do not accord with those records; or
-
the 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
-
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.
Natalie Floyd ACA The Institute of Chartered Accountants in England and Wales
Cobbin Floyd Ltd Chartered Accountants Statutory Auditors 15a Station Road Epping Essex CM16 4HG
23rd February 2026
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MS ACTION LIMITED
STATEMENT OF FINANCIAL ACTIVITIES FOR THE YEAR ENDED 30TH JUNE 2025
| Unrestricted fund Notes £ INCOME AND ENDOWMENTS FROM Generated funds 149,708 Investment income 2 1,759 Other income 200,000 Total 351,467 EXPENDITURE ON Raising funds 33,428 Charitable activities Charitable activities 59,358 Other 58,086 Total 150,872 NET INCOME/(EXPENDITURE) 200,595 RECONCILIATION OF FUNDS Total funds brought forward 153,939 TOTAL FUNDS CARRIED FORWARD 354,534 |
Restricted fund £ 4,000 - - 4,000 - - - - 4,000 - 4,000 |
2025 Total funds £ 153,708 1,759 200,000 355,467 33,428 59,358 58,086 150,872 204,595 153,939 358,534 |
2024 Total funds £ 145,131 2,472 - 147,603 32,131 86,146 56,576 174,853 (27,250) 181,189 153,939 |
|---|---|---|---|
The notes form part of these financial statements
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MS ACTION LIMITED
BALANCE SHEET 30TH JUNE 2025
| Unrestricted fund Notes £ FIXED ASSETS Tangible assets 7 299,879 CURRENT ASSETS Debtors 8 8,702 Cash at bank 50,051 58,753 CREDITORS Amounts falling due within one year 9 (4,098) NET CURRENT ASSETS 54,655 TOTAL ASSETS LESS CURRENT LIABILITIES 354,534 NET ASSETS 354,534 FUNDS 10 Unrestricted funds Restricted funds TOTAL FUNDS |
Restricted fund £ - - 4,000 4,000 - 4,000 4,000 4,000 |
2025 Total funds £ 299,879 8,702 54,051 62,753 (4,098) 58,655 358,534 358,534 354,534 4,000 358,534 |
2024 Total funds £ 1,812 4,595 150,243 154,838 (2,711) 152,127 153,939 153,939 153,939 - 153,939 |
|---|---|---|---|
The charitable company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30th June 2025.
The members have not required the company to obtain an audit of its financial statements for the year ended 30th June 2025 in accordance with Section 476 of the Companies Act 2006.
The trustees acknowledge their responsibilities for
(a) ensuring that the charitable company keeps accounting records that comply with Sections 386 and 387 of the Companies Act 2006 and
- (b) preparing financial statements which give a true and fair view of the state of affairs of the charitable company as at the end of each financial year and of its surplus or deficit for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the charitable company.
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 23rd February 2026 and were signed on its behalf by:
Mr R Emmerson - Trustee
The notes form part of these financial statements
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MS ACTION LIMITED
NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 30TH JUNE 2025
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.
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.
Improvements to property - 5% on cost Plant and equipment - 10% on cost Fixtures and fittings - 20% 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 the 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.
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.
2. INVESTMENT INCOME
| INVESTMENT INCOME | ||
|---|---|---|
| 2025 | 2024 | |
| £ | £ | |
| Deposit account interest | 1,759 | 2,472 |
continued...
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MS ACTION LIMITED
NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 30TH JUNE 2025
3. NET INCOME/(EXPENDITURE)
Net income/(expenditure) is stated after charging/(crediting):
| 2025 | 2024 | |
|---|---|---|
| £ | £ | |
| Depreciation - owned assets | 26,632 | 877 |
4. TRUSTEES' REMUNERATION AND BENEFITS
There were no trustees' remuneration or other benefits for the year ended 30th June 2025 nor for the year ended 30th June 2024.
Trustees' expenses
There were no trustees' expenses paid for the year ended 30th June 2025 nor for the year ended 30th June 2024.
5. STAFF COSTS
The average monthly number of employees during the year was as follows:
6.
| Employees No employees received emoluments in excess of £60,000. COMPARATIVES FOR THE STATEMENT OF FINANCIAL ACTIVITIES Unrestricted fund £ INCOME AND ENDOWMENTS FROM Generated funds 145,131 Investment income 2,472 Total 147,603 EXPENDITURE ON Raising funds 32,131 Charitable activities Charitable activities 86,146 Other 56,576 Total 174,853 NET INCOME/(EXPENDITURE) (27,250) RECONCILIATION OF FUNDS Total funds brought forward 181,189 |
2025 3 Restricted fund £ - - - - - - - - - |
2024 4 Total funds £ 145,131 2,472 147,603 32,131 86,146 56,576 174,853 (27,250) 181,189 |
|---|---|---|
continued...
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MS ACTION LIMITED
NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 30TH JUNE 2025
| 6. COMPARATIVES FOR THE STATEMENT OF FINANCIAL ACTIVITIES - continued Unrestricted Restricted fund fund £ £ TOTAL FUNDS CARRIED FORWARD 153,939 - 7. TANGIBLE FIXED ASSETS Improvements Fixtures to Plant and and property equipment fittings £ £ £ COST At 1st July 2024 - - 51,776 Additions 134,289 190,410 - At 30th June 2025 134,289 190,410 51,776 DEPRECIATION At 1st July 2024 - - 49,964 Charge for year 6,715 19,041 876 At 30th June 2025 6,715 19,041 50,840 NET BOOK VALUE At 30th June 2025 127,574 171,369 936 At 30th June 2024 - - 1,812 8. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR 2025 £ Debtors and prepayments 8,702 9. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR 2025 £ Other creditors and accruals 4,098 10. MOVEMENT IN FUNDS Net movement At 1.7.24 in funds £ £ Unrestricted funds General fund 153,939 200,595 Restricted funds Transport fund - 4,000 TOTAL FUNDS 153,939 204,595 |
Total funds £ 153,939 Totals £ 51,776 324,699 376,475 49,964 26,632 76,596 299,879 1,812 2024 £ 4,595 2024 £ 2,711 At 30.6.25 £ 354,534 4,000 358,534 |
Total funds £ |
|---|---|---|
| 153,939 |
continued...
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MS ACTION LIMITED
NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 30TH JUNE 2025
10. MOVEMENT IN FUNDS - continued
Net movement in funds, included in the above are as follows:
| Unrestricted funds General fund Restricted funds Transport fund TOTAL FUNDS Comparatives for movement in funds Unrestricted funds General fund TOTAL FUNDS Comparative net movement in funds, included in the above are as follows: Unrestricted funds General fund TOTAL FUNDS |
Incoming resources £ 351,467 4,000 355,467 At 1.7.23 £ 181,189 181,189 Incoming resources £ 147,603 147,603 |
Resources Movement expended in funds £ £ (150,872) 200,595 - 4,000 (150,872) 204,595 Net movement At in funds 30.6.24 £ £ (27,250) 153,939 (27,250) 153,939 Resources Movement expended in funds £ £ (174,853) (27,250) (174,853) (27,250) |
|---|---|---|
11. RELATED PARTY DISCLOSURES
There were no related party transactions for the year ended 30th June 2025.
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MS ACTION LIMITED
DETAILED STATEMENT OF FINANCIAL ACTIVITIES FOR THE YEAR ENDED 30TH JUNE 2025
| INCOME AND ENDOWMENTS Generated funds Incoming resources from charitable activities Appeals and donations Membership Investment income Deposit account interest Other income Compensation received Total incoming resources EXPENDITURE Raising funds Salaries and national insurance Pensions Charitable activities Therapists, instructors and supplies Oxygen Volunteer expenses Depreciation of plant and equipment Support costs Finance Bank charges Credit card charges Other Rent and rates Insurance Light and heat Telephone Postage and stationery Sundries Carried forward |
2025 £ 74,019 76,689 3,000 153,708 1,759 200,000 355,467 32,857 571 33,428 38,115 1,713 489 19,041 59,358 602 992 1,594 9,052 8,325 10,745 1,405 557 1,375 31,459 |
2024 £ 115,328 28,799 1,004 |
|---|---|---|
| 145,131 2,472 - |
||
| 147,603 31,589 542 |
||
| 32,131 82,891 2,490 765 - |
||
| 86,146 493 1,658 |
||
| 2,151 22,532 5,906 8,508 1,345 849 196 39,336 |
This page does not form part of the statutory financial statements
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MS ACTION LIMITED
| DETAILED STATEMENT OF FINANCIAL ACTIVITIES FOR THE YEAR ENDED 30TH JUNE 2025 Other Brought forward Cleaning Repairs and renewals Computer expenses Travel and subsistence Subscriptions Other interest Depreciation of improvements to property Depreciation of fixtures and fittings Governance costs Accountancy Legal and professional Bookkeeping Total resources expended Net income/(expenditure) |
2025 £ 31,459 3,530 5,809 1,465 156 1,838 - 6,715 876 51,848 3,120 594 930 4,644 150,872 204,595 |
2024 £ 39,336 886 8,755 803 49 214 121 - 877 51,041 1,722 780 882 3,384 174,853 (27,250) |
|---|---|---|
This page does not form part of the statutory financial statements
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