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REGISTERED COMPANY NUMBER: 02215138 (England and Wales)
REGISTERED CHARITY NUMBER: 700382














Report of the Trustees and

Unaudited Financial Statements for the Year Ended 31 December 2024

for

Multiple Sclerosis Therapy Centre
(South Yorkshire) Ltd

Multiple Sclerosis Therapy Centre
(South Yorkshire) Ltd

Contents of the Financial Statements
for the Year Ended 31 December 2024










Page

Report of the Trustees 1 to 2

Independent Examiner's Report 3

Statement of Financial Activities 4

Balance Sheet 5 to 6

Notes to the Financial Statements 7 to 12

Multiple Sclerosis Therapy Centre
(South Yorkshire) Ltd (Registered number: 02215138)

Report of the Trustees
for the Year Ended 31 December 2024



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 31 December 2024. 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
The main purpose of the company is to provide support to people affected by multiple sclerosis and other neurological or life changing conditions..

Our mission is to strive for excellence in providing support for the sufferers of multiple sclerosis and other neurological or life changing conditions.

Significant activities
The principal activity continues to be that of supporting people affected by multiple sclerosis and other neurological or life changing conditions in the local area.

FINANCIAL REVIEW
Reserves policy
The directors policy is to build up our free reserves to a level which will be sufficient to cover all our expenses for a period of at least one year assuming that no income was received.

Through this financial period we have seen again the positive effect of our cancelation policy paired with price increases that were introduced strategically to allow the centre to be able to keep running and negate losses suffered from missed appointments and combat the increase of utility bills and other expenditure.

During the year we have received 2 legacy donations of £20,000 each on behalf of Dr Chetan Shah and Mr Roger Morewood which along with regular 'good will' donations from our members are gratefully received and make a huge difference in allowing to continue to help as many people as possible.

We have also received a £7,500 grant from the Foyle Foundation.

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.

Risk management
The trustees have a duty to identify and review the risks to which the charity is exposed and to ensure appropriate controls are in place to provide reasonable assurance against fraud and error.
We consider that the systems we have in place to mitigate such risks appear to be adequate in normal circumstances.

REFERENCE AND ADMINISTRATIVE DETAILS
Registered Company number
02215138 (England and Wales)

Registered Charity number
700382


Multiple Sclerosis Therapy Centre
(South Yorkshire) Ltd (Registered number: 02215138)

Report of the Trustees
for the Year Ended 31 December 2024


Registered office
Bradbury House
25 Saint Marys Drive
Catcliffe
Rotherham
South Yorkshire
S60 5TN

Trustees
S Eccles
S Hussain
S Crosby
K L Herring
L A Ratcliffe
D E Ryczek
M L Mitchell

Company Secretary
S Hussain

Independent Examiner
D Mangles FCA
Heather Lea Business Services
49 Heather Lea Avenue
Sheffield
S17 3DL

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 order of the board of trustees on 15 May 2025 and signed on its behalf by:





S Hussain - Secretary

Independent Examiner's Report to the Trustees of
Multiple Sclerosis Therapy Centre
(South Yorkshire) Ltd


Independent examiner's report to the trustees of Multiple Sclerosis Therapy Centre (South Yorkshire) Ltd ('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
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.








D Mangles FCA

Heather Lea Business Services
49 Heather Lea Avenue
Sheffield
S17 3DL

15 May 2025

Multiple Sclerosis Therapy Centre
(South Yorkshire) Ltd

Statement of Financial Activities
for the Year Ended 31 December 2024

31.12.24 31.12.23
Unrestricted Restricted Total Total
fund fund funds funds
Notes £    £    £    £   
INCOME FROM
Donations 158,864 - 158,864 131,334

Other trading activities 2 24,412 - 24,412 16,463
Investment income 3 - - - 829
Total 183,276 - 183,276 148,626

EXPENDITURE ON
Raising funds 4 154,173 - 154,173 139,823


Other 4,756 5,273 10,029 9,217
Total 158,929 5,273 164,202 149,040

NET INCOME/(EXPENDITURE) 24,347 (5,273 ) 19,074 (414 )


RECONCILIATION OF FUNDS
Total funds brought forward 105,923 184,550 290,473 290,887

TOTAL FUNDS CARRIED FORWARD 130,270 179,277 309,547 290,473

Multiple Sclerosis Therapy Centre
(South Yorkshire) Ltd (Registered number: 02215138)

Balance Sheet
31 December 2024

31.12.24 31.12.23
Unrestricted Restricted Total Total
fund fund funds funds
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 9 35,206 179,277 214,483 222,678

CURRENT ASSETS
Debtors 10 395 - 395 -
Cash at bank and in hand 97,232 - 97,232 69,895
97,627 - 97,627 69,895

CREDITORS
Amounts falling due within one year 11 (2,563 ) - (2,563 ) (2,100 )

NET CURRENT ASSETS 95,064 - 95,064 67,795

TOTAL ASSETS LESS CURRENT
LIABILITIES

130,270

179,277

309,547

290,473

NET ASSETS 130,270 179,277 309,547 290,473
FUNDS 12
Unrestricted funds 130,270 105,923
Restricted funds 179,277 184,550
TOTAL FUNDS 309,547 290,473

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
(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.


Multiple Sclerosis Therapy Centre
(South Yorkshire) Ltd (Registered number: 02215138)

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 15 May 2025 and were signed on its behalf by:





S Eccles - Trustee





S Hussain - Trustee

Multiple Sclerosis Therapy Centre
(South Yorkshire) Ltd

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.

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.


Freehold property - 2% on cost
Plant and machinery - 10% 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.


Multiple Sclerosis Therapy Centre
(South Yorkshire) Ltd

Notes to the Financial Statements - continued
for the Year Ended 31 December 2024


2. OTHER TRADING ACTIVITIES
31.12.24 31.12.23
£    £   
Fundraising events 19,095 12,663
Shop income 1,438 1,431
Miscellaneous 276 346
Drinks 666 399
Room hire 2,937 1,624
24,412 16,463

3. INVESTMENT INCOME
31.12.24 31.12.23
£    £   
Bank interest - 829

4. RAISING FUNDS

Costs of raising income
31.12.24 31.12.23
£    £   
Rates and water 940 1,081
Insurance 3,809 3,401
Light and heat 5,235 4,735
Telephone 858 742
Postage and stationery 1,039 861
Sundries 605 360
Fundraising expenses 441 383
Repairs and renewals 4,915 3,071
Computers and online backup 640 680
Licences 199 179
Hygiene bins 270 -
100 Club prizes 705 -
Support costs 134,517 124,330
154,173 139,823

5. NET INCOME/(EXPENDITURE)

Net income/(expenditure) is stated after charging/(crediting):

31.12.24 31.12.23
£    £   
Depreciation - owned assets 8,195 8,195


Multiple Sclerosis Therapy Centre
(South Yorkshire) Ltd

Notes to the Financial Statements - continued
for the Year Ended 31 December 2024


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.


7. STAFF COSTS

The average monthly number of employees during the year was as follows:

31.12.24 31.12.23
Admin Staff 4 5

No employees received emoluments in excess of £60,000.

8. COMPARATIVES FOR THE STATEMENT OF FINANCIAL ACTIVITIES
Unrestricted Restricted Total
fund fund funds
£    £    £   
INCOME FROM
Donations 131,334 - 131,334

Other trading activities 16,463 - 16,463
Investment income 829 - 829
Total 148,626 - 148,626

EXPENDITURE ON
Raising funds 139,823 - 139,823


Other 3,944 5,273 9,217
Total 143,767 5,273 149,040

NET INCOME/(EXPENDITURE) 4,859 (5,273 ) (414 )


RECONCILIATION OF FUNDS
Total funds brought forward 101,064 189,823 290,887

TOTAL FUNDS CARRIED FORWARD 105,923 184,550 290,473

Multiple Sclerosis Therapy Centre
(South Yorkshire) Ltd

Notes to the Financial Statements - continued
for the Year Ended 31 December 2024


9. TANGIBLE FIXED ASSETS
Freehold Plant and
property machinery Totals
£    £    £   
COST
At 1 January 2024 and
31 December 2024

409,736

18,852

428,588

DEPRECIATION
At 1 January 2024 187,058 18,852 205,910
Charge for year 8,195 - 8,195
At 31 December 2024 195,253 18,852 214,105
NET BOOK VALUE
At 31 December 2024 214,483 - 214,483
At 31 December 2023 222,678 - 222,678

10. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.12.24 31.12.23
£    £   
Prepayments 395 -

11. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.12.24 31.12.23
£    £   
Social security and other taxes 1,024 818
Pension 346 385
Accrued expenses 1,193 897
2,563 2,100

12. MOVEMENT IN FUNDS
Net
movement At
At 1.1.24 in funds 31.12.24
£    £    £   
Unrestricted funds
General fund 105,923 24,347 130,270

Restricted funds
Property fund 184,550 (5,273 ) 179,277

TOTAL FUNDS 290,473 19,074 309,547

Multiple Sclerosis Therapy Centre
(South Yorkshire) Ltd

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:

Incoming Resources Movement
resources expended in funds
£    £    £   
Unrestricted funds
General fund 183,276 (158,929 ) 24,347

Restricted funds
Property fund - (5,273 ) (5,273 )

TOTAL FUNDS 183,276 (164,202 ) 19,074


Comparatives for movement in funds

Net
movement At
At 1.1.23 in funds 31.12.23
£    £    £   
Unrestricted funds
General fund 101,064 4,859 105,923

Restricted funds
Property fund 189,823 (5,273 ) 184,550

TOTAL FUNDS 290,887 (414 ) 290,473

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

Incoming Resources Movement
resources expended in funds
£    £    £   
Unrestricted funds
General fund 148,626 (143,767 ) 4,859

Restricted funds
Property fund - (5,273 ) (5,273 )

TOTAL FUNDS 148,626 (149,040 ) (414 )

Multiple Sclerosis Therapy Centre
(South Yorkshire) Ltd

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:

Net
movement At
At 1.1.23 in funds 31.12.24
£    £    £   
Unrestricted funds
General fund 101,064 29,206 130,270

Restricted funds
Property fund 189,823 (10,546 ) 179,277

TOTAL FUNDS 290,887 18,660 309,547

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

Incoming Resources Movement
resources expended in funds
£    £    £   
Unrestricted funds
General fund 331,902 (302,696 ) 29,206

Restricted funds
Property fund - (10,546 ) (10,546 )

TOTAL FUNDS 331,902 (313,242 ) 18,660

13. RELATED PARTY DISCLOSURES

There were no related party transactions for the year ended 31 December 2024.