**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 (A c¢xnpwry Ilmll•d ty gWrnTht••) TRUSTEES. REPOIU (coKnNUED FOR THE YEAR ENOED 31 OCTOBER 2022 •rn'. •tat• *t*lh•r 4POOcabkn UK ALl￿n1*y￿ Sthndwth IFRS 102) b••n fckn•d. **ct lo •ny m•lw 8 G Ellnn Dakn>: 24 Juty 21x23 ## **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. Page 11 **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_| Page 15 **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_| |---|---|---| Page 17 ## **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. Page 20 ## **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)_| |---|---|---|---|---|---| Page 21 ## **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_| Page 23 ## **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_ ). Page 24