Capital reserves
The ME Association has substantial capital reserves. This has been obtained, first, by the generosity and commitment of our members and supporters. Secondly, the commitment of our staff and trustees over the last 20 years. Thirdly, through the prudence of the board of trustees over that time.
However, the purpose of a charity is to use its money for the furtherance of its aims and not to leave it in a bank account. The trustees are well aware of this and some time ago we set out a 5-year strategy to use that capital reserve to further the charity's objectives. To this end we looked at new projects that would benefit the lives of people with ME/CFS. We spoke about these at the recent AGM.
As the chosen projects come on stream, they will need financing, and we will use our reserves to do that. That will result in a substantial reduction of the reserves to the level that is appropriate for our charity and which level is guided by the Charity Commission’s recommendations on reserves. It sounds easy to spend money and it is. But to spend money wisely and bring about an improvement to the ME Community is hard. Potential projects need detailed planning and project management. Pilot schemes must be tried, staff recruited To make this happen we have established a special projects team, led by a full-time Special Projects Manager, and they are reviewing a selection of projects which require substantial funding. A feasibility study relating to the benefit and cost effectiveness of these projects is underway.
One study that is underway covers health and social care. We have launched a project whose aim is to engage with healthcare clinicians and decision-makers to implement the NICE Guideline in their services. We started this by talking to the Integrated Care Board (ICB) of Buckinghamshire, Oxfordshire, and West Berkshire. This ICB is now working on a review of existing ME/CFS and LC specialist services with a view to providing integrated services in each of the 3 counties. We are also engaging with 5 other ICBs in England and the 7 Health Boards in Wales that are developing similar services.
At the end of October 2025, we will assess what we have achieved and look at how the project could be extended into other areas of the country, by expanding the healthcare team, and providing a bridge between patients and healthcare services. This would essentially embed healthcare into the ME Association and will require significant additional funding for at least a further 5 years. That’s why we need the capital reserves that we hold so that projects like this can be funded and bring real benefit to us all.