MIDDLESBROUGH M S THERAPY CENTRE LIMITED
A drop in centre for people with Multiple Sclerosis, their family and carers. We aim to help them cope with the affects of this disability through therapies, exercise and listening
Financial health, per its FY2024 accounts
The accounts state that the charity reported a deficit of £16,739 for the year ended 31 December 2024, reducing unrestricted reserves to £71,698. The trustees consider this reserve level sufficient as it exceeds their stated policy target of approximately six months' operating costs (£30,000). The filing confirms the charity has adequate resources to continue in operational existence for the foreseeable future.
What the accounts disclose
“The Management Committee consider it prudent to maintain free reserves equivalent to approximately six months operating costs (around £30000 at current levels)” — page 4
“The trustee concerned is Mr A Riddiough and the total paid to him in the year was £10352 plus £510 pension contributions”
Trustees
- ALAN RAYMOND RIDDIOUGHchair
- ELLEN HOLMES
- Laura Jane Baker Mrs
Income and spending
| Financial year end | Income | Spending |
|---|---|---|
| 31/12/2024 | £54k | £71k |
| 31/12/2023 | £58k | £61k |
| 31/12/2022 | £62k | £58k |
| 31/12/2021 | £31k | £37k |
| 31/12/2020 | £33k | £29k |
Common questions
Is MIDDLESBROUGH M S THERAPY CENTRE LIMITED financially healthy?
Per its FY2024 accounts: The accounts state that the charity reported a deficit of £16,739 for the year ended 31 December 2024, reducing unrestricted reserves to £71,698. The trustees consider this reserve level sufficient as it exceeds their stated policy target of approximately six months' operating costs (£30,000). The filing confirms the charity has adequate resources to continue in operational existence for the foreseeable future. Its FY2024 accounts were independently examined.