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 2025

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

12

Trustee report for year ended 31st March 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 31st March 2025. 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 from a permanent base in Milton Keynes. (MKMSTG) We also treat other conditions such as Fibromyalgia, Parkinson's, Arthritis, Cancer, Cerebral Palsy (CP), Autism, Long Covid 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

The financial year April 2024 to March 2025 has been a busy year for the Therapy Centre. Membership has been growing steadily throughout the year but it has been noticeable that members with other conditions have overtaken those with Multiple Sclerosis particularly those having Hyper-baric Oxygen Therapy.

In May 2024 we celebrated our 31st year anniversary for MKMSTG with a very successful Open Day. Many people came to help us celebrate with a mixture of members, supporters, health professionals and local dignitaries. The Mayors of Milton Keynes and Wolverton attended.

In October we held our Annual General Meeting to present the yearly accounts to members. The Trustees were pleased that most of the Committee were voted back to continue volunteering as Operators and Committee members. Our long standing Secretary Sheila Stockton decided not to stand for re-election this year. However, Sheila will continue helping with new member's paperwork, running the website, being our IT expert and helping the Centre Manager with many other administrative jobs.

Two of our long standing volunteers agreed to join the Board of Trustees, Mrs Chris Warburton and Mrs Claire Boreham Hill. This brings the number of Trustees to four.

In December we held our annual mincepie morning with a Christmas raffle. It was very well attended by volunteers and members. Thank you to all who kindly provided us with some really great prizes.

The state of the building and the subsidence is still being monitored by the Insurers and the Agent Kirkby Diamond on behalf of Landlords, MK Community Foundation.

Operating Income

Operating income for this accounting period (which includes payments and subscriptions) was £38,692 almost the same as last year. Donations/fundraising was £3,695 slightly up on last year. Our thanks to Ontario Ladies Choir, The Lenborough Singers, Lions Club, Robert Stanley, Oddfellows and our generous members. Total Income was £43,379, Expenditure was £53,744. During this financial year some utilities were particularly high. Fortunately, our Centre Manager Sharn was able to negotiate new contracts which have significantly reduced the size of current, and hopefully future, invoices. At the end of the year we transferred £4000 from the Building fund at the Coventry building Society, to cover bills due at the end of December. The total of the Building fund now stands at £98,165 before interest. The Treasurer hopes to replace this transfer during 2025.

The Trustees would like to thank the Centre Manager, Sharn Nandhra, The Committee and Chair Chris Warburton, Secretary Caroline Musgrove, Volunteer Operators and Therapists for their work, dedication and help in continuing to keep the MK MS Therapy Centre open and operating safely. We continue providing much needed therapies for our members within the local community and wider area. Our thanks also go to our Patron, Dr Fernandes and the Management team, for their continued dedication and support.

The Trustees would also like to thank Sheila Stockton for her support as a Committee member and Secretary.

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 20 October 2025 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 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

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

20 October 2025

2025

2024

Unrestricted

Restricted

Total

Total

funds

fund

funds

funds

Notes

£

£

£

£

INCOME AND ENDOWMENTS FROM

Donations and legacies

43,285

-

43,285

77,818

Other trading activities

2

95

-

95

72

Investment income

3

2,895

-

2,895

2,375

Total

46,275

-

46,275

80,265

EXPENDITURE ON

Raising funds

4

28,722

-

28,722

40,391

Charitable activities

Fundraising

24,841

182

25,023

16,499

Other

-

-

-

720

Total

53,563

182

53,745

57,610

NET INCOME/(EXPENDITURE)

(7,288

)

(182

)

(7,470

)

22,655

RECONCILIATION OF FUNDS

Total funds brought forward

112,465

3,083

115,548

92,893

TOTAL FUNDS CARRIED FORWARD

105,177

2,901

108,078

115,548

2025

2024

Unrestricted

Restricted

Total

Total

funds

fund

funds

funds

Notes

£

£

£

£

FIXED ASSETS

Tangible assets

9

162

181

343

834

CURRENT ASSETS

Debtors

10

2,303

-

2,303

2,119

Cash at bank and in hand

103,594

2,720

106,314

113,426

105,897

2,720

108,617

115,545

CREDITORS

Amounts falling due within one year

11

(882

)

-

(882

)

(831

)

NET CURRENT ASSETS

105,015

2,720

107,735

114,714

TOTAL ASSETS LESS CURRENT LIABILITIES

105,177

2,901

108,078

115,548

NET ASSETS

105,177

2,901

108,078

115,548

FUNDS

13

Unrestricted funds:

General fund

105,177

112,465

Restricted funds:

General Fund Restricted

2,901

3,083

TOTAL FUNDS

108,078

115,548

The charitable company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2025.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 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 20 October 2025 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

2025

2024

£

£

Shop sales income

95

72

3.	INVESTMENT INCOME

2025

2024

£

£

Deposit account interest

2,895

2,375

4.	RAISING FUNDS

Raising donations and legacies

2025

2024

£

£

Rent

5,825

5,205

Rates and water

113

495

Insurance

2,334

2,115

Light and heat

3,808

4,922

Telephone

954

739

Postage and stationery

439

234

HBO costs

12,306

9,152

Fund raising - raffle

-

11

Fundraising

86

4,593

Support costs

-

9,271

25,865

36,737

5.	NET INCOME/(EXPENDITURE)

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

2025

2024

£

£

Depreciation - owned assets

491

664

Rent

5,825

5,205

6.	TRUSTEES' REMUNERATION AND BENEFITS

There were no trustees' remuneration or other benefits for the year ended 31 March 2025 nor for the year ended 31 March 2024.

Trustees' expenses

There were no trustees' expenses paid for the year ended 31 March 2025 nor for the year ended 31 March 2024.

7.	STAFF COSTS

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

2025

2024

Trustees

4

2

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

75,098

2,720

77,818

Other trading activities

72

-

72

Investment income

2,375

-

2,375

Total

77,545

2,720

80,265

EXPENDITURE ON

Raising funds

40,210

181

40,391

Charitable activities

Fundraising

16,499

-

16,499

Other

720

-

720

Total

57,429

181

57,610

NET INCOME

20,116

2,539

22,655

RECONCILIATION OF FUNDS

Total funds brought forward

92,349

544

92,893

TOTAL FUNDS CARRIED FORWARD

112,465

3,083

115,548

9.	TANGIBLE FIXED ASSETS

Fixtures

Plant and

and

Computer

machinery

fittings

equipment

Totals

£

£

£

£

COST

At 1 April 2024 and 31 March 2025

48,408

22,947

2,271

73,626

DEPRECIATION

At 1 April 2024

48,046

22,944

1,802

72,792

Charge for year

181

3

307

491

At 31 March 2025

48,227

22,947

2,109

73,283

NET BOOK VALUE

At 31 March 2025

181

-

162

343

At 31 March 2024

362

3

469

834

10.	DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

£

£

Prepayments

2,303

2,119

11.	CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

£

£

Accrued expenses

882

831

12.	LEASING AGREEMENTS

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

2025

2024

£

£

Within one year

6,447

5,247

13.	MOVEMENT IN FUNDS

Net

movement

At

At 1.4.24

in funds

31.3.25

£

£

£

Unrestricted funds

General fund

112,465

(7,288

)

105,177

Restricted funds

General Fund Restricted

3,083

(182

)

2,901

TOTAL FUNDS

115,548

(7,470

)

108,078

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

Incoming

Resources

Movement

resources

expended

in funds

£

£

£

Unrestricted funds

General fund

46,275

(53,563

)

(7,288

)

Restricted funds

General Fund Restricted

-

(182

)

(182

)

TOTAL FUNDS

46,275

(53,745

)

(7,470

)

Comparatives for movement in funds

Net

movement

At

At 1.4.23

in funds

31.3.24

£

£

£

Unrestricted funds

General fund

92,349

20,116

112,465

Restricted funds

General Fund Restricted

544

2,539

3,083

TOTAL FUNDS

92,893

22,655

115,548

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

Incoming

Resources

Movement

resources

expended

in funds

£

£

£

Unrestricted funds

General fund

77,545

(57,429

)

20,116

Restricted funds

General Fund Restricted

2,720

(181

)

2,539

TOTAL FUNDS

80,265

(57,610

)

22,655

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

Net

movement

At

At 1.4.23

in funds

31.3.25

£

£

£

Unrestricted funds

General fund

92,349

12,828

105,177

Restricted funds

General Fund Restricted

544

2,357

2,901

TOTAL FUNDS

92,893

15,185

108,078

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

123,820

(110,992

)

12,828

Restricted funds

General Fund Restricted

2,720

(363

)

2,357

TOTAL FUNDS

126,540

(111,355

)

15,185

14.	RELATED PARTY DISCLOSURES

There were no related party transactions for the year ended 31 March 2025.