2024-10-31-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 2024

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 - 23

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 2024

Trustees	S Bridewell
	S Carroll
	B G Elwen
	I E Pickering (resigned 31 December 2024)
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)

CHAIRMAN'S STATEMENT FOR THE YEAR ENDED 31 OCTOBER 2024

The chairman presents his statement for the year.

2024 has continued in much the same vein as 2023. We continue to open five full days per week, and on Saturday mornings once a month. We offer physiotherapy three days a week, with a waiting list of approximately seven weeks.

We have had over 8,000 visits to the centre this year from those using our various services.

Room hire continues to be a major source of funding, with our rooms having an occupancy rate of just over 60%. This figure includes joint occupancy with two other local charities. Other sources of income are fundraising activities (quiz nights, afternoon tea, golf days, skydiving and other local initiatives), grants and donations from trusts and individuals.

We have maintained the building, and we continue with a revised rental agreement (deed of variation) with the new landlords, Dove (Industrial IV) Unit Trust.

The Trustees would like to say thank you to Avia, Albert Hunt trust, Axis foundation, Next PLC, Bruce Wake Trust and The Hospital Saturday Fund for their kind support throughout the year.

Page 2

MS THERAPY CENTRE, NORFOLK LTD

(A company limited by guarantee)

TRUSTEES' REPORT FOR THE YEAR ENDED 31 OCTOBER 2024

The Trustees present their annual report together with the financial statements of the Company for the year 1 November 2023 to 31 October 2024. 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 Company'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 2024

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

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

Achievements and performance

a. Main achievements of the Company

See the Chairman'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 Company 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 Company 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

MS THERAPY CENTRE, NORFOLK LTD IA company Ilmited by guardnt80) TRUSTEES. REPORT (CONTINUED) FOR THE YEAR ENDED 31 OCTOBER 2024 Plans for future perlods Our aims are: - to increase capacity and attract more users of our rentable services - to focus on NHS contracts and look at a pricing policy for services offered - to develop a more comprehensive membership scheme and introduce a value for monéy sép4ic8. Members. Ilablllty The Members of the Company guarantee to contribute an amount not exceeding £10 to the assets of the Company in the event of winding up. Statement of Trustees. responslbllltles The Trustees (who are also the directors of the Company for the purposes of company law) are responsible for preparing the Trustees, ￿port and the financial statements in accordance with applicable law and Unrted Klngdom Accounting Standards (United Kingdom Generally Accepted Accounting Practice). Company law requires the Trustees to prepare financial statements for each financial . Under company law. the Trustees must not approve the financi81 statements unless they are satisfied that they give a true and fair view of the state of affairs of the Company and of its incoming resources and application of resources. including its income and expenditure, for that period. In preparing these financial statements, the Trustè88 are required to.. select suitable accounting policies and then apply them consistently., observe the methods and principles of the Charities SORP (FRS 102); make judgments and accounting estimates that are reasonable and prudent,. state whether applicable UK Accounting Standards (FRS 102) have been followed, subject to any material departures disclosed and explained in the financial statements., prepa￿ the financial statements on the going concem basis unless it is inappropriate to presume that the Company will continue in business. The Trustees are responsible for keeping adequate accounting records that are sufficient to show and explain the Companvs transactions and disclose with reasonable accuracy at any time the financial position of the Company and enable them to ensure that the financial statements comply with the Companies Act 2006. They are also responsible for safeguarding the assets of the Company and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities. Approved by order of the members of the board of Trustees and signed on their behalf by. B G Elwen Date: 91 XJULY 202 Page 5

MS THERAPY CENTRE, NORFOLK LTD

(A company limited by guarantee)

INDEPENDENT EXAMINER'S REPORT FOR THE YEAR ENDED 31 OCTOBER 2024

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 2024.

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: 1\ Dated: 22 July 2025

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 2024

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 movement in funds Reconciliation of funds: Total funds brought forward Net movement in funds Total funds carried forward	Restricted funds 2024 £ 7,795 - - 7,795 - 7,795 7,795 - 36,445 - 36,445	Unrestricted funds 2024 £ 28,028 91,615 3,571 123,214 4,165 129,727 133,892 (10,678) (106,533) (10,678) (117,211)	Total funds 2024 £ 35,823 91,615 3,571 131,009 4,165 137,522 141,687 (10,678) (70,088) (10,678) (80,766)	Total funds 2023 £ 32,612 74,157 3,486 110,255 1,654 143,434 145,088 (34,833) (35,255) (34,833) (70,088)

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

The notes on pages 10 to 23 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 2024

Note Fixed assets Tangible assets 11 Current assets Debtors 12 Cash at bank and in hand Current liabilities Creditors: amounts falling due within one year 13 Net current liabilities 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	6,652 11,166 17,818 (50,010)	2024 £ 65,472 65,472 (32,192) 33,280 (114,046) (80,766) 36,445 (117,211) (80,766)	4,803 16,616 21,419 (54,688)	2023 £ 71,476 71,476 (33,269) 38,207 (108,295) (70,088) 36,445 (106,533) (70,088)

Page 8

MS THERAPY CENTRE, NORFOLK LTD (A company limited by guarantee) REGISTERED NUMBER: 07000565 8ALANCE SHEET (CONTINUED) AS AT 31 OCTOBER 2024 The Company was entitled to exemption from audit under section 477 of the Companies Ad 2006. The members have not required the company to obtain an audit for the year in question in accordance with section 476 of Companies Act 2006. The Trustees aCkn(￿ledge their responsibilities for complying with the requirements of the Act wrth respect to accounting records and preparation of financial statements. The financial statements have been prepared in accordance with the provisions applicable lo entities subject to the small companies regime. The financial statements were approved and authorised for issue by the Trustees and signed on their behalf by: 8 G Elwan Date.. a( JL)LY 20£ The notes on pages 10 to 23 form part of these financial statements. Page 9

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

NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 OCTOBER 2024

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 £80,766. Within creditors are accruals of £118,722 arising from the accounting requirement to accrue a rental charge whilst the Company benefited from a rent-free period. Having made some reductions to expenditure post year end, the Trustees are satisfied that regular sources of income are anticipated to exceed recurring expenditure on a monthly basis. Surpluses will be enhanced by successful fundraising activities. As a result, 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 and accordingly have adopted the going concern basis in preparing these financial statements.

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.

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.

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.

Page 10

MS THERAPY CENTRE, NORFOLK LTD

(A company limited by guarantee)

NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 OCTOBER 2024

2. Accounting policies (continued)

2.4 Expenditure (continued)

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 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%

2.6 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.

2.7 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.

2.8 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.

2.9 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.

Page 11

MS THERAPY CENTRE, NORFOLK LTD

(A company limited by guarantee)

NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 OCTOBER 2024

2. Accounting policies (continued)

2.10 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.

2.11 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 2024

3. Income from donations and legacies

Donations Grants Total 2024 Total 2023	Restricted funds 2024 Unrestricted funds 2024 £ £ - 18,028 7,795 10,000 7,795 28,028 26,950 5,662	Total funds 2024 £ 18,028 17,795 35,823 32,612	Total funds 2023 £ 5,662 26,950
			32,612

4. Income from charitable activities

Unrestricted funds 2024 £ Income from charitable activities - Room hire 91,615 Total 2023 74,157	Total funds 2024 £ 91,615 74,157	Total funds 2023 £ 74,157

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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 2024

5. Income from other trading activities

Income from fundraising events

Unrestricted funds 2024 £ Lottery 419 Other 3,152 Total 2024 3,571 Total 2023 3,486	Total funds 2024 £ 419 3,152 3,571 3,486	Total funds 2023 £ 464 3,022
		3,486

6. Analysis of expenditure on charitable activities Summary by fund type

Charitable activities Total 2023	Restricted funds 2024 Unrestricted funds 2024 £ £ 7,795 129,727 5,500 137,934	Total 2024 £ 137,522 143,434	Total 2023 £ 143,434

7. Analysis of expenditure by activities

Charitable activities Total 2023	Activities undertaken directly 2024 £ 125,646 135,387	Support costs 2024 £ 11,876 8,047	Total funds 2024 £ 137,522 143,434	Total funds 2023 £ 143,434

Page 14

(A company limited by guarantee)

MS THERAPY CENTRE, NORFOLK LTD

NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 OCTOBER 2024

7. Analysis of expenditure by activities (continued)

Analysis of direct costs

Staff costs Rent New building costs Cleaning Light and heat Depreciation Premises Professional fees Internet Repairs and renewals Computers and software Insurance Refreshments Travel Subscriptions Advertising	Total funds 2024 £ 41,531 29,357 11,155 11,031 9,427 6,004 5,501 3,960 2,891 1,184 1,168 705 693 439 300 300 125,646	Total funds 2023 £ 50,963 29,357 9,633 11,924 10,357 6,005 4,761 3,285 2,300 3,435 1,097 1,063 795 168 100 144
		135,387

Page 15

(A company limited by guarantee)

MS THERAPY CENTRE, NORFOLK LTD

NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 OCTOBER 2024

7. Analysis of expenditure by activities (continued)

Analysis of support costs

Office Printing, postage and stationery Governance costs Bank charges Sundry	Total funds 2024 £ 5,953 2,923 2,207 656 137 11,876	Total funds 2023 £ 1,751 2,328 2,875 979 114
		8,047

8. Independent examiner's remuneration

The independent examiner's remuneration amounts to an independent examiner fee of £1,525 (2023 - £1,450) , and fees for assisting with the preparation of the financial statements and corporation tax compliance of £682 ( 2023 - £1,425 ).

9. Staff costs

2024 £ Wages and salaries 40,617 Contribution to defined contribution pension schemes 914 41,531 The average number of persons employed by the Company during the year was as follows: 2024 No. Number of staff 3	2023 £ 49,782 1,181
	50,963
	2023 No. 3

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

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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 2024

10. Trustees' remuneration and expenses

During the year, no Trustees received any remuneration or other benefits (2023 - £NIL) .

During the year ended 31 October 2024, no Trustee expenses have been incurred (2023 - £NIL) .

11. Tangible fixed assets

Cost or valuation At 1 November 2023 At 31 October 2024 Depreciation At 1 November 2023 Charge for the year At 31 October 2024 Net book value At 31 October 2024 At 31 October 2023	Long-term leasehold property £ 83,838 83,838 23,701 4,192 27,893 55,945 60,137	Plant and machinery £ 18,128 18,128 6,789 1,812 8,601 9,527 11,339	Computer equipment £ 2,196 2,196 2,196 - 2,196 - -	Total £ 104,162
				104,162
				32,686 6,004
				38,690
				65,472
				71,476

12. Debtors

Due within one year Trade debtors	2024 £ 6,652 6,652	2023 £ 4,803 4,803

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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 2024

13. Creditors: Amounts falling due within one year

Bank loans Other loans Trade creditors Other taxation and social security Other creditors Accruals and deferred income	2024 £ 5,535 4,000 7,322 230 3,593 29,330 50,010	2023 £ 5,233 - 4,898 447 230 43,880
		54,688

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

Bank loans Other loans Accruals and deferred income	2024 £ 3,567 18,507 91,972 114,046	2023 £ 9,088 5,850 93,357
		108,295

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.

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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 2024

15. Statement of funds

Statement of funds - current year

Unrestricted funds General funds Lease accrual Restricted funds Motomed exercise machine Physiotherapy services Salary Grant Total of funds	Balance at 1 November 2023 £ 27,824 (134,357) (106,533) 36,445 - - 36,445 (70,088)	Income £ 123,214 - 123,214 - 2,000 5,795 7,795 131,009	Expenditure £ (104,535) (29,357) (133,892) - (2,000) (5,795) (7,795) (141,687)	Transfers in/out £ (44,992) 44,992 - - - - - -	Balance at 31 October 2024 £ 1,511 (118,722) (117,211) 36,445 - - 36,445 (80,766)

Hospital Saturday Fund awarded a grant of £2,000 towards funding the cost of providing Physiotherapy services. The funds were offset against the costs of running the services during the year.

The Axis Foundation awarded the Company a Salary Grant of £5,795 towards salary costs. The funds were offset against the costs of running the services during the year.

The Motomed exercise machine fund is funding received for the purchase of Motomed exercise bikes.

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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 2024

15. Statement of funds (continued)

Statement of funds - prior year

Unrestricted funds General funds Lease accrual Restricted funds Motomed exercise machine Remote counselling Physiotherapy services Weekly yoga class Axis Foundation Total of funds	Balance at 1 November 2022 £ 53,250 (105,000) (51,750) 14,995 - - - 1,500 16,495 (35,255)	Income £ 83,305 - 83,305 21,450 2,000 2,000 1,500 - 26,950 110,255	Expenditure £ (110,231) (29,357) (139,588) - (2,000) (2,000) (1,500) - (5,500) (145,088)	Transfers in/out £ 1,500 - 1,500 - - - - (1,500) (1,500) -	Balance at 31 October 2023 £ 27,824 (134,357) (106,533) 36,445 - - - - 36,445 (70,088)

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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 2024

16. Summary of funds

Summary of funds - current year

General funds Restricted funds	Balance at 1 November 2023 £ (106,533) 36,445 (70,088) Balance at 1 November 2022 £ (51,750) 16,495 (35,255)	Income £ 123,214 7,795 131,009 Income £ 83,305 26,950 110,255	Expenditure £ (133,892) (7,795) (141,687) Expenditure £ (139,588) (5,500) (145,088)	Transfers in/out £ - - - Transfers in/out £ 1,500 (1,500) -	Balance at 31 October 2024 £ (117,211) 36,445 (80,766) Balance at 31 October 2023 £ (106,533) 36,445 (70,088)
Summary of funds - prior year
General funds Restricted funds

17. Analysis of net assets between funds

Analysis of net assets between funds - current period

Tangible fixed assets Current assets Creditors due within one year Creditors due in more than one year Total	Restricted funds 2024 Unrestricted funds 2024 £ £ - 65,472 36,445 (18,627) - (50,010) - (114,046) 36,445 (117,211)	Total funds 2024 £ 65,472 17,818 (50,010) (114,046) (80,766)

Page 21

(A company limited by guarantee)

MS THERAPY CENTRE, NORFOLK LTD

NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 OCTOBER 2024

17. Analysis of net assets between funds (continued)

Analysis of net assets between funds - prior period

Tangible fixed assets Current assets Creditors due within one year Creditors due in more than one year Total	Restricted funds 2023 £ - 36,445 - - 36,445	Unrestricted funds 2023 £ 71,476 (15,026) (54,688) (108,295) (106,533)	Total funds 2023 £ 71,476 21,419 (54,688) (108,295)
			(70,088)

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 £914 ( 2023 - £1,181 ). Contributions totalling £126 ( 2023 - £230 ) were payable to the fund at the balance sheet date and are included in creditors.

19. Operating lease commitments

At 31 October 2024 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	2024 £ 26,500 140,300 309,200 476,000	2023 £ 20,500 128,400 347,600
		496,500

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

	2024	2023
	£	£
Operating lease rentals	29,357	29,357

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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 2024

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 a loan arrangement with one of it's trustees.

Trustee Bernard Elwen provided the Company with an unsecured, interest free loan of £6,715. Repayments of £1,343 ( 2023 - £1,343 ) were made in the year ended 31 October 2024 leaving a balance owing at the year end of £1,007 ( 2023 - £2,350 ).

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