2022-10-31-accounts

Registered number: 07000565 Charity number: 1131940

MS THERAPY CENTRE, NORFOLK LTD (A company limited by guarantee)

UNAUDITED

TRUSTEES' REPORT AND FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 OCTOBER 2022

MS THERAPY CENTRE, NORFOLK LTD

(A company limited by guarantee)

CONTENTS

	Page
Reference and administrative details of the Company, its Trustees and advisers	1
Chairman's statement	2
Trustees' report	3 - 5
Independent examiner's report	6
Statement of financial activities	7
Balance sheet	8 - 9
Notes to the financial statements	10 - 24

MS THERAPY CENTRE, NORFOLK LTD

(A company limited by guarantee)

REFERENCE AND ADMINISTRATIVE DETAILS OF THE COMPANY, ITS TRUSTEES AND ADVISERS FOR THE YEAR ENDED 31 OCTOBER 2022

Trustees	S Bridewell
	S Carroll
	B G Elwen
	I E Pickering
	S England (resigned 26 March 2023)
Company registered number 07000565 Charity registered number 1131940 Registered office 5 Hurricane Way Norwich Norfolk NR6 6EZ Accountants MA Partners LLP Chartered Accountants 7 The Close Norwich Norfolk NR1 4DJ

Page 1

MS THERAPY CENTRE, NORFOLK LTD

(A company limited by guarantee)

TRUSTEES' REPORT FOR THE YEAR ENDED 31 OCTOBER 2022

The Trustees present their annual report together with the financial statements of the Company for the year 1 November 2021 to 31 October 2022. The annual report serves the purposes of both a Trustees' report and a directors' report under company law. The Trustees confirm that the annual report and financial statements of the charitable company comply with the current statutory requirements, the requirements of the charitable company's governing document and the provisions of the Statement of Recommended Practice (SORP) applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS102) (effective 1 January 2019).

Since the Company qualifies as small under section 382 of the Companies Act 2006, the strategic report required of medium and large companies under the Companies Act 2006 (Strategic Report and Directors' Report) Regulations 2013 has been omitted.

Objectives and activities

a. Policies and objectives

The charity's objective is to establish and run a centre in the Norwich area which will provide treatment, therapies, care and education for people with disabling conditions, their family and carers so they can maintain independent living.

In setting objectives and planning for activities, the Trustees have given due consideration to general guidance published by the Charity Commission relating to public benefit, including the guidance 'Public benefit: running a charity (PB2)'.

b. Strategies for achieving objectives

We help all those in Norfolk who are affected by multiple sclerosis or other neurological condition, by offering a range of support services to assist their well-being.

c. Activities undertaken to achieve objectives

Therapies

We offer a wide range of therapies to our centre users, whether or not they have MS.

Advice and Support

A full range of counselling and advice services is available to anyone coming to grips with dealing with MS. We have several counsellors who can help with emotional issues, and we also offer practice advice on such matters as benefits and continence.

Yoga and Pilates

Fitness is very much a part of dealing with MS or any other neurological condition. Classes are held at our centre on most days. Yoga and Pilates were converted to online whilst the centre was closed.

Page 3

MS THERAPY CENTRE, NORFOLK LTD (A company limited by guarantee)

TRUSTEES' REPORT (CONTINUED) FOR THE YEAR ENDED 31 OCTOBER 2022

Objectives and activities (continued)

d. Main activities undertaken to further the Company's purposes for the public benefit

The main activities in the year were centred around offering services to people affected by MS and other neurological conditions. These services included specialist one to one holistic therapies and medical services.

The charity maintained the frequency of its group physio classes at 3 days per week as well as its exercise classes.

The charity also has continued the subsidised counselling service for newly diagnosed MS patients.

Achievements and performance

a. Main achievements of the Company

See the Chariman's statement.

Financial review

a. Going concern

After making appropriate enquiries, the Trustees have a reasonable expectation that the Company has adequate resources to continue in operational existence for the foreseeable future. For this reason, they continue to adopt the going concern basis in preparing the financial statements. Further details regarding the adoption of the going concern basis can be found in the accounting policies.

b. Reserves policy

The charity currently has no "free reserves" (unrestricted funds excluding those represented by fixed assets).

c. Deficit

The financial statements show a deficit on unrestricted funds. This is as a result of the requirement to accrue for rent payable over the life of the lease although the charity has benefitted from a rent free period under the terms of the lease.

Structure, governance and management

a. Constitution

MS Therapy Centre, Norfolk Ltd is registered as a charitable company limited by guarantee and was set up by a Memorandum of Association.

b. Methods of appointment or election of Trustees

The management of the Company is the responsibility of the Trustees who are elected and co-opted under the terms of the Memorandum of Association.

Page 4

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MS THERAPY CENTRE, NORFOLK LTD

(A company limited by guarantee)

INDEPENDENT EXAMINER'S REPORT FOR THE YEAR ENDED 31 OCTOBER 2022

Independent Examiner's Report to the Trustees of MS Therapy Centre, Norfolk Ltd ('the Company')

I report to the charity Trustees on my examination of the accounts of the Company for the year ended 31 October 2022.

Responsibilities and Basis of Report

As the Trustees of the Company (and 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 the Company's accounts 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.

This report is made solely to the Company's Trustees, as a body, in accordance with Part 4 of the Charities (Accounts and Reports) Regulations 2008. My work has been undertaken so that I might state to the Company's Trustees those matters I am required to state to them in an independent examiner's report and for no other purpose. To the fullest extent permitted by law, I do not accept or assume responsibility to anyone other than the Company and the Company's Trustees as a body, for my work or for this report.

Signed: Dated: 25 July 2023

Mr F M E Shippam BSc FCA DChA

MA Partners LLP

Page 6

MS THERAPY CENTRE, NORFOLK LTD

(A company limited by guarantee)

STATEMENT OF FINANCIAL ACTIVITIES (INCORPORATING INCOME AND EXPENDITURE ACCOUNT) FOR THE YEAR ENDED 31 OCTOBER 2022

Note Income from: Donations and legacies 3 Charitable activities 4 Other trading activities 5 Total income Expenditure on: Raising funds Charitable activities 6 Total expenditure Net income/(expenditure) Transfers between funds 15 Net movement in funds Reconciliation of funds: Total funds brought forward Net movement in funds Total funds carried forward	Restricted funds 2022 £ 55,500 - - 55,500 - 41,845 41,845 13,655 (13,600) 55 16,440 55 16,495	Unrestricted funds 2022 £ 30,673 47,488 3,799 81,960 513 88,902 89,415 (7,455) 13,600 6,145 (57,895) 6,145 (51,750)	Total funds 2022 £ 86,173 47,488 3,799 137,460 513 130,747 131,260 6,200 - 6,200 (41,455) 6,200 (35,255)	Total funds 2021 £ 66,124 49,769 1,369 117,262 377 141,536 141,913 (24,651) - (24,651) (16,804) (24,651) (41,455)

The Statement of Financial Activities includes all gains and losses recognised in the year.

The notes on pages 10 to 24 form part of these financial statements.

Page 7

MS THERAPY CENTRE, NORFOLK LTD

(A company limited by guarantee) REGISTERED NUMBER: 07000565

BALANCE SHEET AS AT 31 OCTOBER 2022

Note Fixed assets Tangible assets 11 Current assets Debtors 12 Cash at bank and in hand Creditors: amounts falling due within one year 13 Net current assets / liabilites Total assets less current liabilities Creditors: amounts falling due after more than one year 14 Total net assets Charity funds Restricted funds 15 Unrestricted funds 15 Total funds	1,920 25,262 27,182 (9,710)	2022 £ 75,941 75,941 17,472 93,413 (128,668) (35,255) 16,495 (51,750) (35,255)	520 12,691 13,211 (16,527)	2021 £ 81,792 81,792 (3,316) 78,476 (119,931) (41,455) 16,440 (57,895) (41,455)

Page 8

(A company Ilmlt•d ty qu•rnrrt••l BALANCE SHEET ICOlrnNilED) AS AT 31 OCTOBER 2022 Dai•.' 24 2023

MS THERAPY CENTRE, NORFOLK LTD (A company limited by guarantee)

NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 OCTOBER 2022

1. General information

MS Therapy Centre, Norfolk Ltd is a company limited by guarantee and registered in England and Wales. The Company's registered office address is 5 Hurricane Way, Norwich, NR6 6EZ. The Company's principal objective is to establish and run a centre in the Norwich area which will provide treatment, therapies, care and education for people with disabling conditions, their family and carers so they can maintain independent living.

2. Accounting policies

2.1 Basis of preparation of financial statements

The financial statements 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), the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) and the Companies Act 2006.

MS Therapy Centre, Norfolk Ltd meets the definition of a public benefit entity under FRS 102. Assets and liabilities are initially recognised at historical cost or transaction value unless otherwise stated in the relevant accounting policy.

2.2 Going concern

The Statement of Financial Position shows the Company has net liabilities of £38,782. Within creditors: amounts falling due after more than one year are accruals of £105,000 arising from the accounting requirement to accrue a rental charge whilst the Company benefits from a rent-free period. The Trustees are confident that the plans for the coming 12 months will ensure that the Company can continue to meet its obligations as they fall due.

2.3 Income

All income is recognised once the Company has entitlement to the income, it is probable that the income will be received and the amount of income receivable can be measured reliably.

The recognition of income from legacies is dependent on establishing entitlement, the probability of receipt and the ability to estimate with sufficient accuracy the amount receivable. Evidence of entitlement to a legacy exists when the Company has sufficient evidence that a gift has been left to them (through knowledge of the existence of a valid will and the death of the benefactor) and the executor is satisfied that the property in question will not be required to satisfy claims in the estate. Receipt of a legacy must be recognised when it is probable that it will be received and the fair value of the amount receivable, which will generally be the expected cash amount to be distributed to the Company, can be reliably measured.

Grants are included in the statement of financial activities on a receivable basis. The balance of income received for specific purposes but not expended during the period is shown in the relevant funds on the balance sheet. Where income is received in advance of entitlement of receipt, its recognition is deferred and included in creditors as deferred income. Where entitlement occurs before income is received, the income is accrued.

Page 10

MS THERAPY CENTRE, NORFOLK LTD (A company limited by guarantee)

NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 OCTOBER 2022

2. Accounting policies (continued)

2.4 Expenditure

Expenditure is recognised once there is a legal or constructive obligation to transfer economic benefit to a third party, 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 on raising funds includes all expenditure incurred by the Company to raise funds for its charitable purposes and includes costs of all fundraising activities events and non-charitable trading.

Expenditure on charitable activities is incurred on directly undertaking the activities which further the Company's objectives, as well as any associated support costs.

All expenditure is inclusive of irrecoverable VAT.

2.5 Government grants

Government grants relating to tangible fixed assets are treated as deferred income and released to the statement of financial activities over the expected useful lives of the assets concerned. Other grants are credited to the statement of financial activities as the related expenditure is incurred.

2.6 Tangible fixed assets and depreciation

Tangible fixed assets are initially recognised at cost. After recognition, under the cost model, tangible fixed assets are measured at cost less accumulated depreciation and any accumulated impairment losses. All costs incurred to bring a tangible fixed asset into its intended working condition should be included in the measurement of cost.

Depreciation is charged so as to allocate the cost of tangible fixed assets less their residual value over their estimated useful lives, using the straight-line method.

Depreciation is provided on the following basis:

Long-term leasehold property	-	5%
Plant and machinery	-	10%
Computer equipment	-	33%

2.7 Debtors

Trade and other debtors are recognised at the settlement amount after any trade discount offered. Prepayments are valued at the amount prepaid net of any trade discounts due.

2.8 Cash at bank and in hand

Cash at bank and in hand includes cash and short-term highly liquid investments with a short maturity of three months or less from the date of acquisition or opening of the deposit or similar account.

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MS THERAPY CENTRE, NORFOLK LTD (A company limited by guarantee)

NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 OCTOBER 2022

2. Accounting policies (continued)

2.9 Liabilities and provisions

Liabilities are recognised when there is an obligation at the balance sheet date as a result of a past event, it is probable that a transfer of economic benefit will be required in settlement, and the amount of the settlement can be estimated reliably.

Liabilities are recognised at the amount that the Company anticipates it will pay to settle the debt or the amount it has received as advanced payments for the goods or services it must provide.

2.10 Financial instruments

The Company only has financial assets and financial liabilities of a kind that qualify as basic financial instruments. Basic financial instruments are initially recognised at transaction value and subsequently measured at their settlement value with the exception of bank loans which are subsequently measured at amortised cost using the effective interest method.

2.11 Pensions

The Company operates a defined contribution pension scheme and the pension charge represents the amounts payable by the Company to the fund in respect of the year.

2.12 Fund accounting

General funds are unrestricted funds which are available for use at the discretion of the Trustees in furtherance of the general objectives of the Company and which have not been designated for other purposes.

Restricted funds are funds which are to be used in accordance with specific restrictions imposed by donors or which have been raised by the Company for particular purposes. The costs of raising and administering such funds are charged against the specific fund. The aim and use of each restricted fund is set out in the notes to the financial statements.

Page 12

MS THERAPY CENTRE, NORFOLK LTD

(A company limited by guarantee)

NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 OCTOBER 2022

3. Income from donations and legacies

Donations Legacies Grants Government grants Total 2022 Total 2021	Restricted funds 2022 Unrestricted funds 2022 £ £ 10,000 25,673 - 5,000 45,500 - - - 55,500 30,673 12,800 53,324	Total funds 2022 £ 35,673 5,000 45,500 - 86,173 66,124	Total funds 2021 £ 29,579 - 12,800 23,745
			66,124

Government grants were received in the form of the Coronavirus Job Retention Scheme. There were no unfulfilled conditions or contingencies attached to these grants.

4. Income from charitable activities

Unrestricted funds 2022 £ Income from charitable activities - Room hire 47,488 Total 2021 49,769	Total funds 2022 £ 47,488 49,769	Total funds 2021 £ 49,769

Page 13

MS THERAPY CENTRE, NORFOLK LTD

(A company limited by guarantee)

NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 OCTOBER 2022

5. Income from other trading activities

Income from fundraising events

Unrestricted funds 2022 £ Lottery 608 Subscriptions - Other 3,191 Total 2022 3,799 Total 2021 1,369	Total funds 2022 £ 608 - 3,191 3,799 1,369	Total funds 2021 £ 746 75 548
		1,369

6. Analysis of expenditure on charitable activities

Summary by fund type

Charitable activities Total 2021	Restricted funds 2022 Unrestricted funds 2022 £ £ 41,845 88,902 - 141,536	Total 2022 £ 130,747 141,536	Total 2021 £ 141,536

Page 14

MS THERAPY CENTRE, NORFOLK LTD

(A company limited by guarantee)

NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 OCTOBER 2022

7. Analysis of expenditure by activities

Charitable activities Total 2021	Activities undertaken directly 2022 £ 119,211 133,452	Support costs 2022 £ 11,536 8,084	Total funds 2022 £ 130,747 141,536	Total funds 2021 £ 141,536

Analysis of direct costs

Staff costs New building costs Rent Cleaning Light and heat Depreciation Medical equipment Professional fees Internet Premises Computers and software Insurance Refreshments Repairs and renewals Travel Advertising Subscriptions	Total funds 2022 £ 48,046 11,432 17,500 9,572 8,890 5,851 5,405 2,945 2,892 2,879 1,256 819 553 504 309 258 100 119,211	Total funds 2021 £ 45,638 26,852 17,510 10,416 16,443 5,851 - 2,460 2,720 2,637 1,136 770 244 250 186 239 100
		133,452

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MS THERAPY CENTRE, NORFOLK LTD (A company limited by guarantee)

NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 OCTOBER 2022

7. Analysis of expenditure by activities (continued)

Analysis of support costs

Office Governance costs Printing, postage and stationery Bank charges Sundry	Total funds 2022 £ 4,330 3,577 2,502 666 461 11,536	Total funds 2021 £ 4,358 2,166 1,240 218 102
		8,084

8. Independent examiner's remuneration

The independent examiner's remuneration amounts to an independent examiner fee of £1,320 (2021 - £1,200) , and fees for assisting with the preparation of the financial statements and corporation tax compliance of £2,257 ( 2021 - £940 ).

9. Staff costs

Wages and salaries Social security costs Contribution to defined contribution pension schemes	2022 £ 46,865 - 1,181 48,046	2021 £ 42,971 1,710 957
		45,638

The average number of persons employed by the Company during the year was as follows:

	2022	2021
	No.	No.
Number of staff	3	3

No employee received remuneration amounting to more than £60,000 in either year.

Page 16

MS THERAPY CENTRE, NORFOLK LTD

(A company limited by guarantee)

NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 OCTOBER 2022

10. Trustees' remuneration and expenses

During the year, no Trustees received any remuneration or other benefits (2021 - £NIL) .

During the year ended 31 October 2022, no Trustee expenses have been incurred (2021 - £NIL) .

11. Tangible fixed assets

Cost or valuation At 1 November 2021 At 31 October 2022 Depreciation At 1 November 2021 Charge for the year At 31 October 2022 Net book value At 31 October 2022 At 31 October 2021	Long-term leasehold property £ 83,838 83,838 15,317 4,192 19,509 64,329 68,521	Plant and machinery £ 16,588 16,588 3,317 1,659 4,976 11,612 13,271	Computer equipment £ 2,196 2,196 2,196 - 2,196 - -	Total £ 102,622
				102,622
				20,830 5,851
				26,681
				75,941
				81,792

12. Debtors

Due within one year Trade debtors	2022 £ 1,920 1,920	2021 £ 520 520

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MS THERAPY CENTRE, NORFOLK LTD

(A company limited by guarantee)

NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 OCTOBER 2022

13. Creditors: Amounts falling due within one year

Bank loans Trade creditors Other taxation and social security Other creditors Accruals and deferred income	2022 £ 5,265 1,594 86 - 2,765 9,710	2021 £ 5,132 8,896 514 235 1,750
		16,527

14. Creditors: Amounts falling due after more than one year

Bank loans Other loans Accruals and deferred income	2022 £ 14,475 9,193 105,000 128,668	2021 £ 19,895 12,536 87,500
		119,931

Accruals and deferred income is made up of amounts accrued in relation to a rent free period under the terms of a lease. The amounts accrued will be spread over the lease term.

Page 18

MS THERAPY CENTRE, NORFOLK LTD

(A company limited by guarantee)

NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 OCTOBER 2022

15. Statement of funds

Statement of funds - current year

Unrestricted funds General funds Lease accrual Restricted funds COVID 19 Counselling NCF Empowering Communities Fund Motomed exercise machine Axis Foundation Building works COVID 19 Cleaning Total of funds	Balance at 1 November 2021 £ 29,605 (87,500) (57,895) 16,440 - - - - - 16,440 (41,455)	Income £ 81,960 - 81,960 - 10,000 20,400 1,500 10,000 13,600 55,500 137,460	Expenditure £ (71,915) (17,500) (89,415) (16,440) (10,000) (5,405) - (10,000) - (41,845) (131,260)	Transfers in/out £ 13,600 - 13,600 - - - - - (13,600) (13,600) -	Balance at 31 October 2022 £ 53,250 (105,000) (51,750) - - 14,995 1,500 - - 16,495 (35,255)

Page 19

MS THERAPY CENTRE, NORFOLK LTD (A company limited by guarantee)

NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 OCTOBER 2022

15. Statement of funds (continued)

The COVID 19 Counselling fund was set up in the year ended 31 October 2020 following receipt of a grant of £9,640 from Norfolk Community Foundation, of which £6,000 was spent in the year. Further funding of £12,800 was received in the prior year. The funds have been offset against salary costs.

Norwich Communities Foundation ("NCF") Empowering Communites Fund grant was awarded to pilot a new staffing structure to better meet demand, by employing a Physiotherapy Assistant to support thrice weekly sessions taking place from the centre in Norwich.

The Motomed exercise machine fund includes funding from The R C Snelling Charitable Trust (£5,400), The Strangward Trust (£5,000), the Shelroy Charitable Trust Fund - Love Norfolk 2022 (£5,000) and The Percy Bilton Charity (£5,000) for the purchase of new Motomed exercise bikes.

The Axis Foundation awarded the Company £1,500 to purchase a defibrillator.

The Garfield Weston Foundation awarded a grant of £10,000 to complete building works .

The COVID cleaning fund includes funding from Norwich Consolidated Charities (£9,600) and The Hobson Charity (£4,000) toward the additional cleaning costs incurred as a result of COVID 19. These funds have been transferred to general funds to offset costs written off here.

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MS THERAPY CENTRE, NORFOLK LTD

(A company limited by guarantee)

NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 OCTOBER 2022

15. Statement of funds (continued)

Statement of funds - prior year

Unrestricted funds General funds Lease accrual Restricted funds COVID 19 Counselling NCF Empowering Communities Fund Motomed exercise machine Axis Foundation Building works COVID 19 Cleaning Total of funds	Balance at 1 November 2020 £ 49,556 (70,000) (20,444) 3,640 - - - - - 3,640 (16,804)	Income £ 104,462 - 104,462 12,800 - - - - - 12,800 117,262	Expenditure £ (124,413) (17,500) (141,913) - - - - - - - (141,913)	Transfers in/out £ - - - - - - - - - - -	Balance at 31 October 2021 £ 29,605 (87,500) (57,895) 16,440 - - - - - 16,440 (41,455)

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MS THERAPY CENTRE, NORFOLK LTD

(A company limited by guarantee)

NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 OCTOBER 2022

16. Summary of funds

Summary of funds - current year

General funds Restricted funds	Balance at 1 November 2021 £ (57,895) 16,440 (41,455)	Income £ 81,960 55,500 137,460 Balance at 1 November 2020 £ (20,444) 3,640 (16,804)	Expenditure £ (89,415) (41,845) (131,260) Income £ 104,462 12,800 117,262	Transfers in/out £ 13,600 (13,600) - Expenditure £ (141,913) - (141,913)	Balance at 31 October 2022 £ (51,750) 16,495 (35,255) Balance at 31 October 2021 £ (57,895) 16,440 (41,455)
Summary of funds - prior year
General funds Restricted funds

17. Analysis of net assets between funds

Analysis of net assets between funds - current year

Tangible fixed assets Current assets Creditors due within one year Creditors due in more than one year Total	Restricted funds 2022 Unrestricted funds 2022 £ £ - 75,941 16,495 10,687 - (9,710) - (128,668) 16,495 (51,750)	Total funds 2022 £ 75,941 27,182 (9,710) (128,668) (35,255)

Page 22

(A company limited by guarantee)

MS THERAPY CENTRE, NORFOLK LTD

NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 OCTOBER 2022

17. Analysis of net assets between funds (continued)

Analysis of net assets between funds - prior year

Tangible fixed assets Current assets Creditors due within one year Creditors due in more than one year Total	Restricted funds 2021 £ - 16,440 - - 16,440	Unrestricted funds 2021 £ 81,792 (3,229) (16,527) (119,931) (57,895)	Total funds 2021 £ 81,792 13,211 (16,527) (119,931)
			(41,455)

18. Pension commitments

The Company operates a defined contribution pension scheme. The assets of the scheme are held separately from those of the Company in an independently administered fund. The pension cost charge represents contributions payable by the Company to the fund and amounted to £1,181 ( 2021 - £957 ) were payable to the fund at the balance sheet date and are included in creditors.

19. Operating lease commitments

At 31 October 2022 the Company had commitments to make future minimum lease payments under noncancellable operating leases as follows:

Not later than 1 year Later than 1 year and not later than 5 years Later than 5 years	2022 £ 5,000 20,000 325,000 350,000	2021 £ 2,292 20,000 327,708
		350,000

The following lease payments have been recognised as an expense in the statement of financial activities:

	2022	2021
	£	£
Operating lease rentals	17,500	17,500

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MS THERAPY CENTRE, NORFOLK LTD

(A company limited by guarantee)

NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 OCTOBER 2022

20. Members' liability

Each member of the charitable company undertakes to contribute to the assets of the company in the event of it being wound up while he/she is a member, or within one year after he/she ceases to be a member, such amount as may be required, not exceeding £10 for the debts and liabilities contracted before he/she ceases to be a member.

21. Related party transactions

In the year ended 31 October 2017 the Company entered into loan arrangements with two Trustees, one of whom is no longer a Trustee.

Trustee Bernard Elwen provided the Company with an unsecured, interest free loan of £6,715. Repayments of £1,343 ( 2021 - £1,343 ) were made in the year ended 31 October 2022 leaving a balance owing at the year end of £3,693 ( 2021 - £5,036 ).

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