M.K. Multiple Sclerosis Therapy Group - Charities report

REGISTERED COMPANY NUMBER: 02791056 (England and Wales)

REGISTERED CHARITY NUMBER: 1017488

Report of the Trustees and

Unaudited Financial Statements

for the Year Ended 31 March 2026

for

M.K. Multiple Sclerosis Therapy Group

Limited

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

13

Trustee report for year ended 31st March 2026

The trustees, for the purposes of the Companies Act 2006, present their report with the financial statements of the charity for the year ended 31 March 2026. The trustees have adopted the provisions of the Charities (SORP) FRS102 'Accounting and Reporting by Charities' (effective 1st January 2015).

Principal Activity

The Company was incorporated to provide relief to sufferers of Multiple Sclerosis (MS) from a permanent base in Milton Keynes known as MK Therapy Centre. At the Therapy Centre other conditions are treated, such as Fibromyalgia, Parkinson's, Arthritis, Cancer, Cerebral Palsy (CP), Autism and Sports Injury. Funds for the upkeep of the centre are generated by payment for treatment, fund raising, sponsorship, donations, subscription and grants.

Review of activities

Over the course of this financial year active membership has grown steadily. As of 31/03/2026 there are 55 active members mainly having Hyper-baric Oxygenation Therapy and also Remedial Massage. Therapies provided also include Reiki and Reflexology. In October 2025 we held our AGM and all agreed we needed to raise our prices for all therapies including HBOT. In January 2026 we implemented the price increases for all therapies. The annual subscription stayed the same at £30. It was greeted favourably by members and numbers did not fall significantly. It did, however, show improvement in our finances.

On Friday 16th May 2025 we held our 32nd Open Day celebrating our birthday, trading since 14th May 1993. It was well attended including local MPs, MK Mayor, Wolverton Mayor and Stacey Bushes. Also MS Healthcare Professionals attended. In July we held our Summer Raffle which made a total of £450. At Christmas we held our annual Mince Pie morning with a Christmas Raffle which made £286. In December we held our annual Christmas Lunch at Abbey Hill Golf Club which was well attended and enjoyed by all. Thanks to Laura Jeffs for organising.

Operating Income

Operating income for this accounting period (which includes payments and subscriptions) was £50,578, Donations/fundraising was £3,905. Total Income was £55,848. HBO costs totalled £12,150, Wages were £20,403. Total Expenditure was £56,127. Making a surplus of £1,833.

The Trustees would like to thank the Centre Manager Sharn Nandhra, for her hard work and skill in running the Therapy Centre professionally and smoothly during this financial year. The Trustees would also like to thank the Committee, all the volunteer Operators and Therapists for their work, dedication, support and help in continuing to keep the MK Therapy Centre open and operating safely. Our thanks also go to our Patron, Dr Vasco Fernandes and the Management team, for their continued dedication and support.

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.

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.

REFERENCE AND ADMINISTRATIVE DETAILS

Registered Company number

02791056 (England and Wales)

Registered Charity number

1017488

Registered office

4 Hollin Lane

Stacey Bushes

Milton Keynes

Buckinghamshire

MK12 6HT

Trustees

Ms R Heredia Managing Director

Ms J Bohn Company Secretary

Company Secretary

Ms J Bohn

Independent Examiner

Declan Connolly FCCA

Connolly Accountants & Business Advisors Ltd

Chartered Certified Accountants

The Stable Yard

25-33 Vicarage Road

Stony Stratford

Milton Keynes

Buckinghamshire

MK11 1BN

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 27 August 2026 and signed on its behalf by:

Ms R Heredia - Trustee

Independent examiner's report to the trustees of M.K. Multiple Sclerosis Therapy Group Limited ('the Company')

I report to the charity trustees on my examination of the accounts of the Company for the year ended 31 March 2026.

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.

Declan Connolly FCCA

Connolly Accountants & Business Advisors Ltd

Chartered Certified Accountants

The Stable Yard

25-33 Vicarage Road

Stony Stratford

Milton Keynes

Buckinghamshire

MK11 1BN

27 August 2026

2026

2025

Unrestricted

Restricted

Total

funds

fund

funds

Notes

£

INCOME AND ENDOWMENTS FROM

Donations and legacies

55,848

-

55,848

43,285

Other trading activities

2

-

95

Investment income

3

2,112

-

2,112

2,895

Total

57,960

-

57,960

46,275

EXPENDITURE ON

Raising funds

4

31,915

-

31,915

28,722

Charitable activities

Fundraising

24,031

181

24,212

25,023

Total

55,946

181

56,127

53,745

NET INCOME/(EXPENDITURE)

2,014

(181

)

1,833

(7,470

)

RECONCILIATION OF FUNDS

Total funds brought forward

105,177

2,901

108,078

115,548

TOTAL FUNDS CARRIED FORWARD

107,191

2,720

109,911

108,078

2026

2025

Unrestricted

Restricted

Total

funds

fund

funds

Notes

£

FIXED ASSETS

Tangible assets

9

1,007

-

1,007

343

CURRENT ASSETS

Debtors

10

2,440

-

2,440

2,303

Cash at bank and in hand

104,670

2,720

107,390

106,314

107,110

2,720

109,830

108,617

CREDITORS

Amounts falling due within one year

11

(926

)

-

(926

)

(882

)

NET CURRENT ASSETS

106,184

2,720

108,904

107,735

TOTAL ASSETS LESS CURRENT
LIABILITIES

107,191

2,720

109,911

108,078

NET ASSETS

107,191

2,720

109,911

108,078

FUNDS

13

Unrestricted funds:

General fund

107,191

105,177

Restricted funds:

General Fund Restricted

2,720

2,901

TOTAL FUNDS

109,911

108,078

The charitable company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2026.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2026 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 27 August 2026 and were signed on its behalf by:

R Heredia - Trustee

J Bohn - Trustee

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.

Plant and machinery

-

25% on cost

Fixtures and fittings

-

3 years

Computer equipment

-

3 years

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.

Hire purchase and leasing commitments

Rentals paid under operating leases are charged to the Statement of Financial Activities on a straight line basis over the period of the lease.

2.	OTHER TRADING ACTIVITIES

2026

2025

£

Shop sales income

-

95

3.	INVESTMENT INCOME

2026

2025

£

Deposit account interest

2,112

2,895

4.	RAISING FUNDS

Raising donations and legacies

2026

2025

£

Rent

11,786

5,825

Rates and water

633

113

Insurance

2,525

2,334

Light and heat

2,038

3,808

Telephone

962

954

Postage and stationery

54

439

HBO costs

12,150

12,306

Fundraising

10

86

Support costs

172

-

30,330

25,865

5.	NET INCOME/(EXPENDITURE)

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

2026

2025

£

Depreciation - owned assets

841

491

Rent

11,786

5,825

6.	TRUSTEES' REMUNERATION AND BENEFITS

There were no trustees' remuneration or other benefits for the year ended 31 March 2026 nor for the year ended 31 March 2025.

Trustees' expenses

There were no trustees' expenses paid for the year ended 31 March 2026 nor for the year ended 31 March 2025.

7.	STAFF COSTS

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

2026

2025

Trustees

4

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

8.	COMPARATIVES FOR THE STATEMENT OF FINANCIAL ACTIVITIES

Unrestricted

Restricted

Total

funds

fund

funds

£

INCOME AND ENDOWMENTS FROM

Donations and legacies

43,285

-

43,285

Other trading activities

95

-

95

Investment income

2,895

-

2,895

Total

46,275

-

46,275

EXPENDITURE ON

Raising funds

28,722

-

28,722

Charitable activities

Fundraising

24,841

182

25,023

Total

53,563

182

53,745

NET INCOME/(EXPENDITURE)

(7,288

)

(182

)

(7,470

)

RECONCILIATION OF FUNDS

Total funds brought forward

112,465

3,083

115,548

TOTAL FUNDS CARRIED FORWARD

105,177

2,901

108,078

9.	TANGIBLE FIXED ASSETS

Fixtures

Plant and

and

Computer

machinery

fittings

equipment

Totals

£

COST

At 1 April 2025

48,408

22,947

2,271

73,626

Additions

-

305

1,200

1,505

At 31 March 2026

48,408

23,252

3,471

75,131

DEPRECIATION

At 1 April 2025

48,227

22,947

2,109

73,283

Charge for year

181

101

559

841

At 31 March 2026

48,408

23,048

2,668

74,124

NET BOOK VALUE

At 31 March 2026

-

204

803

1,007

At 31 March 2025

181

-

162

343

10.	DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2026

2025

£

Prepayments

2,440

2,303

11.	CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2026

2025

£

Accrued expenses

926

882

12.	LEASING AGREEMENTS

Minimum lease payments under non-cancellable operating leases fall due as follows:

2026

2025

£

Within one year

6,447

13.	MOVEMENT IN FUNDS

Net

movement

At

At 1.4.25

in funds

31.3.26

£

Unrestricted funds

General fund

105,177

2,014

107,191

Restricted funds

General Fund Restricted

2,901

(181

)

2,720

TOTAL FUNDS

108,078

1,833

109,911

Net movement in funds, included in the above are as follows:

Incoming

Resources

Movement

resources

expended

in funds

£

Unrestricted funds

General fund

57,960

(55,946

)

2,014

Restricted funds

General Fund Restricted

-

(181

)

(181

)

TOTAL FUNDS

57,960

(56,127

)

1,833

Comparatives for movement in funds

Net

movement

At

At 1.4.24

in funds

31.3.25

£

Unrestricted funds

112,465

(7,288

)

105,177

Restricted fund

General Fund Restricted

3,083

(182

)

2,901

TOTAL FUNDS

115,548

(7,470

)

108,078

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

Incoming

Resources

Movement

resources

expended

in funds

£

Unrestricted funds

46,275

(53,563

)

(7,288

)

Restricted fund

General Fund Restricted

-

(182

)

(182

)

TOTAL FUNDS

46,275

(53,745

)

(7,470

)

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

Net

movement

At

At 1.4.24

in funds

31.3.26

£

Unrestricted funds

112,465

(5,274

)

107,191

Restricted fund

General Fund Restricted

3,083

(363

)

2,720

TOTAL FUNDS

115,548

(5,637

)

109,911

Net movement in funds included in the above are as follows:

Incoming

Resources

Movement

resources

expended

in funds

£

Unrestricted funds

104,235

(109,509

)

(5,274

)

Restricted fund

General Fund Restricted

-

(363

)

(363

)

TOTAL FUNDS

104,235

(109,872

)

(5,637

)

14.	RELATED PARTY DISCLOSURES

There were no related party transactions for the year ended 31 March 2026.