MULTIPLE SCLEROSIS UNION CIC

Company limited by guarantee

Company Registration Number:
11725908 (England and Wales)

Unaudited statutory accounts for the year ended 31 March 2024

Period of accounts

Start date: 1 April 2023

End date: 31 March 2024

MULTIPLE SCLEROSIS UNION CIC

Contents of the Financial Statements

for the Period Ended 31 March 2024

Directors report
Profit and loss
Balance sheet
Additional notes
Balance sheet notes
Community Interest Report

MULTIPLE SCLEROSIS UNION CIC

Directors' report period ended 31 March 2024

The directors present their report with the financial statements of the company for the period ended 31 March 2024

Directors

The directors shown below have held office during the whole of the period from
1 April 2023 to 31 March 2024

Margaret Giller
Michael GILLER
Doris JIAGGE
Hayes Leslie REES


The director shown below has held office during the period of
1 April 2023 to 16 May 2023

Christopher Richard HILL


The director shown below has held office during the period of
1 January 2024 to 31 March 2024

James Michael MCPETRIE


The above report has been prepared in accordance with the special provisions in part 15 of the Companies Act 2006

This report was approved by the board of directors on
20 September 2024

And signed on behalf of the board by:
Name: Margaret Giller
Status: Director

MULTIPLE SCLEROSIS UNION CIC

Profit And Loss Account

for the Period Ended 31 March 2024

2024 2023


£

£
Turnover: 33,471 49,337
Cost of sales: ( 6,310 ) ( 7,154 )
Gross profit(or loss): 27,161 42,183
Administrative expenses: ( 25,669 ) ( 47,230 )
Operating profit(or loss): 1,492 (5,047)
Profit(or loss) before tax: 1,492 (5,047)
Profit(or loss) for the financial year: 1,492 (5,047)

MULTIPLE SCLEROSIS UNION CIC

Balance sheet

As at 31 March 2024

Notes 2024 2023


£

£
Current assets
Cash at bank and in hand: 32,271 25,471
Total current assets: 32,271 25,471
Creditors: amounts falling due within one year: 3 ( 6,591 ) ( 1,000 )
Net current assets (liabilities): 25,680 24,471
Total assets less current liabilities: 25,680 24,471
Total net assets (liabilities): 25,680 24,471
Members' funds
Profit and loss account: 25,680 24,471
Total members' funds: 25,680 24,471

The notes form part of these financial statements

MULTIPLE SCLEROSIS UNION CIC

Balance sheet statements

For the year ending 31 March 2024 the company was entitled to exemption under section 477 of the Companies Act 2006 relating to small companies.

The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

This report was approved by the board of directors on 20 September 2024
and signed on behalf of the board by:

Name: Margaret Giller
Status: Director

The notes form part of these financial statements

MULTIPLE SCLEROSIS UNION CIC

Notes to the Financial Statements

for the Period Ended 31 March 2024

  • 1. Accounting policies

    Basis of measurement and preparation

    These financial statements have been prepared in accordance with the provisions of Section 1A (Small Entities) of Financial Reporting Standard 102

    Turnover policy

    Turnover is measured at the fair value of the consideration received or receivable for goods supplied and services rendered, net of discounts and Value Added Tax. Revenue from the sale of goods is recognised when the significant risks and rewards of ownership have transferred to the buyer (usually on despatch of the goods); the amount of revenue can be measured reliably; it is probable that the associated economic benefits will flow to the entity; and the costs incurred or to be incurred in respect of the transactions can be measured reliably.

    Other accounting policies

    1. General information The company is a private company limited by guarantee, registered in United Kingdom. The address of the registered office is 21 Churchmead Close, East Barnet, Barnet, Hertfordshire, EN4 8UY. 2. Statement of compliance These financial statements have been prepared in compliance with the provisions of FRS 102, Section 1A, 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'. 3. Accounting policies Basis of preparation The financial statements have been prepared on the historical cost basis, as modified by the revaluation of certain financial assets and liabilities and investment properties measured at fair value through profit or loss. The financial statements are prepared in sterling, which is the functional currency of the entity.

MULTIPLE SCLEROSIS UNION CIC

Notes to the Financial Statements

for the Period Ended 31 March 2024

  • 2. Employees

    2024 2023
    Average number of employees during the period 0 0

MULTIPLE SCLEROSIS UNION CIC

Notes to the Financial Statements

for the Period Ended 31 March 2024

3. Creditors: amounts falling due within one year note

2024 2023
£ £
Trade creditors 6,308
Taxation and social security 283
Other creditors 1,000
Total 6,591 1,000

COMMUNITY INTEREST ANNUAL REPORT

MULTIPLE SCLEROSIS UNION CIC

Company Number: 11725908 (England and Wales)

Year Ending: 31 March 2024

Company activities and impact

We raise money towards the training of MS nurses. We continue to help the MS community by giving disability equipment together with financial advice by referral to our partners SAM CIC and other MS organizations that offer other help.

Consultation with stakeholders

There are now face-to-face coffee mornings taking place run by the local MS nurse who we support and have an excellent working relationship with. We have a lot of support from the local community who are still donating wonderful items, many of which are of excellent value. As previously stated, we have tended to move away from everyday clothes sales. We have moved into bric-a-bra, art, vintage and retro clothing, all of which give us better financial return.

Directors' remuneration

No remuneration was received

Transfer of assets

No transfer of assets other than for full consideration

This report was approved by the board of directors on
20 September 2024

And signed on behalf of the board by:
Name: Margaret Giller (CEO)
Status: Director