**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 2025**
## **MS THERAPY CENTRE, NORFOLK LTD**
## **(A company limited by guarantee)**
## **CONTENTS**
||Page|
|---|---|
|**Reference and administrative details of the Charity, its Trustees and advisers**|1|
|**Chairman's statement**|2|
|**Trustees' report**|3 - 6|
|**Independent examiner's report**|7 - 8|
|**Statement of financial activities**|9|
|**Balance sheet**|10 - 11|
|**Notes to the financial statements**|12 - 25|
## **MS THERAPY CENTRE, NORFOLK LTD (A company limited by guarantee)**
## **REFERENCE AND ADMINISTRATIVE DETAILS OF THE CHARITY, ITS TRUSTEES AND ADVISERS FOR THE YEAR ENDED 31 OCTOBER 2025**
|**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 2025**
The chairman presents his statement for the year.
2025 has continued in much the same vein as 2024. 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 9,000 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 landlords, Dove (Industrial IV) Unit Trust.
Initial consideration has been given to rebranding our Charity, to reflect the wider range of neurological conditions affecting those who use our centre.
The Trustees would like to say thank you to Alan Boswell, Barchester Fund and Norfolk Community 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 2025**
The Trustees present their annual report together with the financial statements of the Charity for the year 1 November 2024 to 31 October 2025. 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 Charity 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 2025**
## **Objectives and activities (continued)**
## **d. Main activities undertaken to further the Charity'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 Charity**
See the Chairman's statement.
## **Financial review**
## **a. Going concern**
## **Financial Position and Going Concern**
As of 31 October 2025, the Charity held negative free reserves of £40,214 ( _2024 - £48,746 negative_ ). This excludes accruals arising from the accounting requirement to accrue a rental charge whilst the Charity benefited from a rent-free period of £120,339 ( _2024 - £118,722_ ).
This negative balance is a result of core running costs being in excess of core unrestricted income streams in recent financial periods.
As disclosed in Note 2.2 to the financial statements, these circumstances indicate that a material uncertainty exists which may cast significant doubt on the charity’s ability to continue as a going concern.
The Charity’s liquidity has been maintained by utilising borrowings from related parties and restricted funding.
## **Trustees' Actions and Mitigation Plan**
To rectify this position and restore financial resilience, the Trustees have approved and initiated a deficit recovery plan, which includes:
1. Reducing operational overheads to a level that matches operational income through reductions in salary costs via reduction in staff hours and eliminating sundry expenditure.
2. Securing new unrestricted income streams in the form of targeted applications for grants and donations towards the general running costs of the Charity.
Based on cash flow projections that extend at least 12 months from the date of signing these accounts, the Trustees have a reasonable expectation that these interventions will return free reserves to a positive balance.
Consequently, the Trustees continue to adopt the going concern basis in preparing these financial statements.
Page 4
## **MS THERAPY CENTRE, NORFOLK LTD (A company limited by guarantee)**
## **TRUSTEES' REPORT (CONTINUED) FOR THE YEAR ENDED 31 OCTOBER 2025**
## **b. Reserves policy**
The Charity currently has no "free reserves" (unrestricted funds excluding those represented by fixed assets).
## **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 Charity is the responsibility of the Trustees who are elected and co-opted under the terms of the Memorandum of Association.
## **Plans for future periods**
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 money service.
## **Members' liability**
The Members of the Charity guarantee to contribute an amount not exceeding £10 to the assets of the Charity in the event of winding up.
Page 5
## **MS THERAPY CENTRE, NORFOLK LTD (A company limited by guarantee)**
## **TRUSTEES' REPORT (CONTINUED) FOR THE YEAR ENDED 31 OCTOBER 2025**
## **Statement of Trustees' responsibilities**
The Trustees (who are also the directors of the Charity for the purposes of Company law) are responsible for preparing the Trustees' report and the financial statements in accordance with applicable law and United Kingdom 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 financial statements unless they are satisfied that they give a true and fair view of the state of affairs of the Charity and of its incoming resources and application of resources, including its income and expenditure, for that period. In preparing these financial statements, the Trustees 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;
- ∂ prepare the financial statements on the going concern basis unless it is inappropriate to presume that the Charity will continue in business.
The Trustees are responsible for keeping adequate accounting records that are sufficient to show and explain the Charity's transactions and disclose with reasonable accuracy at any time the financial position of the Charity 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 Charity 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:
................................................ **S Bridewell**
Date: 29 July 2026
Page 6
**MS THERAPY CENTRE, NORFOLK LTD (A company limited by guarantee)**
**INDEPENDENT EXAMINER'S REPORT FOR THE YEAR ENDED 31 OCTOBER 2025**
## **Independent Examiner's Report to the Trustees of MS Therapy Centre, Norfolk Ltd ('the Charity')**
I report to the charity Trustees on my examination of the accounts of the Charity for the year ended 31 October 2025.
## **Responsibilities and Basis of Report**
As the Trustees of the Charity (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 Charity 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 Charity'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, other than those fully detailed below, have come to my attention in connection with the examination giving me reasonable cause to believe that in any material respect:
1. accounting records were not kept in respect of the Charity 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 confirm that there are no other matters to which your attention should be drawn to enable a proper understanding of the accounts to be reached.
## **Material Uncertainty Related to Going Concern**
I draw attention to Note 2.2 to the financial statements, which explains that the Charity continues to hold negative free reserves and that liquidity has been sustained through borrowings from related parties and the use of restricted funds.
As set out in Note 2.2, these circumstances indicate the existence of a material uncertainty that may cast significant doubt on the Charity’s ability to continue as a going concern.
My statement is not modified in respect of this matter.
Page 7
**MS THERAPY CENTRE, NORFOLK LTD (A company limited by guarantee)**
## **INDEPENDENT EXAMINER'S REPORT (CONTINUED) FOR THE YEAR ENDED 31 OCTOBER 2025**
This report is made solely to the Charity'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 Charity'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 Charity and the Charity's Trustees as a body, for my work or for this report.
Signed: Dated: 29 July 2026
Mr F M E Shippam BSc FCA DChA
## **MA Partners LLP**
Chartered Accountants
Page 8
## **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 2025**
|**Note**
**Income from:**
Donations and grants
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 as
previously stated
Prior year adjustment
Total funds brought forward as restated
Net movement in funds
**Total funds carried forward**|**Restricted**
**funds**
**2025**
**£**
**20,360**
**-**
**-**
**20,360**
**-**
**19,000**
**19,000**
**1,360**
**36,445**
**(5,215)**
**31,230**
**1,360**
**32,590**|**Unrestricted**
**funds**
**2025**
**£**
**3,763**
**99,784**
**6,264**
**109,811**
**3,543**
**105,357**
**108,900**
**911**
**(117,211)**
**15,215**
**(101,996)**
**911**
**(101,085)**|**Total**
**funds**
**2025**
**£**
**24,123**
**99,784**
**6,264**
**130,171**
**3,543**
**124,357**
**127,900**
**2,271**
**(80,766)**
**10,000**
**(70,766)**
**2,271**
**(68,495)**|_As restated_
_Total_
_funds_
_2024_
_£_
_45,823_
_91,615_
_3,571_
_141,009_
_4,165_
_137,522_
_141,687_
_(678)_
_(70,088)_
_-_
_(70,088)_
_(678)_
_(70,766)_|
|---|---|---|---|---|
The Statement of Financial Activities includes all gains and losses recognised in the year.
The notes on pages 12 to 25 form part of these financial statements.
Page 9
## **MS THERAPY CENTRE, NORFOLK LTD (A company limited by guarantee) REGISTERED NUMBER: 07000565**
## **BALANCE SHEET AS AT 31 OCTOBER 2025**
|**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
16
Unrestricted funds
16
**Total funds**|**5,835**
**7,789**
**13,624**
**(46,248)**|**2025**
**£**
**59,468**
**59,468**
**(32,624)**
**26,844**
**(95,339)**
**(68,495)**
**32,590**
**(101,085)**
**(68,495)**|_6,652_
_11,166_
_17,818_
_(50,010)_|_As restated_
_2024_
_£_
_65,472_
_65,472_
_(32,192)_
_33,280_
_(104,046)_
_(70,766)_
_31,230_
_(101,996)_
_(70,766)_|
|---|---|---|---|---|
Page 10
# **MS THERAPY CENTRE, NORFOLK LTD**
**(A company limited by guarantee) REGISTERED NUMBER: 07000565**
# **BALANCE SHEET (CONTINUED) AS AT 31 OCTOBER 2025**
The Charity was entitled to exemption from audit under section 477 of the Companies Act 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 acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and preparation of financial statements.
The financial statements have been prepared in accordance with the provisions applicable to 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:
................................................
**S Bridewell**
Date: 29 July 2026
The notes on pages 12 to 25 form part of these financial statements.
Page 11
# **MS THERAPY CENTRE, NORFOLK LTD (A company limited by guarantee)**
## **NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 OCTOBER 2025**
## **1. General information**
MS Therapy Centre, Norfolk Ltd is a Charitable Company limited by guarantee and registered in England and Wales. The Charity's registered office address is 5 Hurricane Way, Norwich, NR6 6EZ. The Charity'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**
As of 31 October 2025, the Charity had negative free reserves of £40,214 ( _2024 - £48,746 negative_ ). Free reserves exclude the impact of accruals recognised under the requirement to spread the benefit of the rent-free period over the lease term, amounting to of £120,339 ( _2024 - £118,722_ ).
The Statement of Financial Position shows net liabilities of £68,495 ( _2024 - £70,766_ ).
These conditions indicate the existence of a material uncertainty which may cast significant doubt on the Charity’s ability to continue as a going concern. In response, the Trustees have implemented a deficit reduction plan focused on lowering operational overheads and securing additional unrestricted income through targeted grant applications and fundraising efforts.
The Trustees have prepared cash flow forecasts covering a period of at least twelve months from the date of approval of these financial statements. Based on these forecasts, and on the actions already underway, the Trustees have a reasonable expectation that free reserves will return to a positive position.
Accordingly, the Trustees consider it appropriate to continue to prepare the financial statements on a going concern basis.
Page 12
# **MS THERAPY CENTRE, NORFOLK LTD (A company limited by guarantee)**
**NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 OCTOBER 2025**
## **2. Accounting policies (continued)**
## **2.3 Income**
All income is recognised once the Charity 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 Charity 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 Charity'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.
Page 13
## **MS THERAPY CENTRE, NORFOLK LTD**
## **(A company limited by guarantee)**
## **NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 OCTOBER 2025**
## **2. Accounting policies (continued)**
## **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 Charity 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 Charity 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.
## **2.10 Pensions**
The Charity operates a defined contribution pension scheme and the pension charge represents the amounts payable by the Charity 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 Charity 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 Charity 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 14
## **MS THERAPY CENTRE, NORFOLK LTD**
## **(A company limited by guarantee)**
## **NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 OCTOBER 2025**
## **3. Income from donations and grants**
|Donations
Grants
**Total 2025**
_Total 2024 as restated_
**Income from charitable activities**
Income from charitable activities - Room hire
_Total 2024_|**Restricted**
**funds**
**2025**
**Unrestricted**
**funds**
**2025**
**£**
**£**
-
3,763
20,360
-
20,360
3,763
_7,795_
_38,028_
**Unrestricted**
**funds**
**2025**
**£**
99,784
_91,615_|**Total**
**funds**
**2025**
**£**
**3,763**
**20,360**
**24,123**
_45,823_
**Total**
**funds**
**2025**
**£**
**99,784**
_91,615_|_As restated_
_Total_
_funds_
_2024_
_£_
_28,028_
_17,795_
_45,823_|
|---|---|---|---|
||||_Total_
_funds_
_2024_
_£_
_91,615_|
|||||
## **4. Income from charitable activities**
Page 15
## **MS THERAPY CENTRE, NORFOLK LTD (A company limited by guarantee)**
## **NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 OCTOBER 2025**
## **5. Income from other trading activities**
## **Income from fundraising events**
|**Unrestricted**
**funds**
**2025**
**£**
Lottery
301
Other
5,963
**Total 2025**
6,264
_Total 2024_
_3,571_|**Total**
**funds**
**2025**
**£**
**301**
**5,963**
**6,264**
_3,571_|_Total_
_funds_
_2024_
_£_
_419_
_3,152_
_3,571_|
|---|---|---|
||||
## **6. Analysis of expenditure on charitable activities Summary by fund type**
|Charitable activities
_Total 2024_
**Analysis of expenditure by activities**
Charitable activities
_Total 2024_|**Restricted**
**funds**
**2025**
**Unrestricted**
**funds**
**2025**
**£**
**£**
19,000
105,357
_13,010_
_124,512_
**Activities**
**undertaken**
**directly**
**2025**
**Support**
**costs**
**2025**
**£**
**£**
113,905
10,452
_125,646_
_11,876_|**Total**
**2025**
**£**
**124,357**
_137,522_
**Total**
**funds**
**2025**
**£**
**124,357**
_137,522_|_Total_
_2024_
_£_
_137,522_|
|---|---|---|---|
||||_Total_
_funds_
_2024_
_£_
_137,522_|
|||||
## **7. Analysis of expenditure by activities**
Page 16
## **MS THERAPY CENTRE, NORFOLK LTD**
## **(A company limited by guarantee)**
## **NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 OCTOBER 2025**
## **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
Refreshments
Insurance
Subscriptions
Travel
Advertising|**Total**
**funds**
**2025**
**£**
**35,946**
**29,707**
**8,837**
**8,127**
**6,806**
**6,005**
**5,865**
**4,210**
**2,675**
**1,684**
**1,468**
**1,321**
**775**
**360**
**103**
**16**
**113,905**|_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_
_693_
_705_
_300_
_439_
_300_
_125,646_|
|---|---|---|
Page 17
**MS THERAPY CENTRE, NORFOLK LTD (A company limited by guarantee)**
## **NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 OCTOBER 2025**
## **7. Analysis of expenditure by activities (continued)**
## **Analysis of support costs**
|Office
Printing, postage and stationery
Governance costs
Bank charges
Sundry|**Total**
**funds**
**2025**
**£**
**3,624**
**3,205**
**2,974**
**551**
**98**
**10,452**|_Total_
_funds_
_2024_
_£_
_5,953_
_2,923_
_2,207_
_656_
_137_
_11,876_|
|---|---|---|
## **8. Independent examiner's remuneration**
The independent examiner's remuneration amounts to an independent examiner fee of £1,575 _(2024 - £1,525)_ , and fees for assisting with the preparation of the financial statements and corporation tax compliance of £1,399 ( _2024_ - _£682_ ).
## **9. Staff costs**
|Wages and salaries
Contribution to defined contribution pension schemes|**2025**
**£**
**35,190**
**756**
**35,946**|_2024_
_£_
_40,617_
_914_|
|---|---|---|
|||_41,531_|
The average number of persons employed by the Charity during the year was as follows:
||**2025**|_2024_|
|---|---|---|
||**No.**|_No._|
|Number of staff|**3**|_3_|
No employee received remuneration amounting to more than £60,000 in either year.
Page 18
## **MS THERAPY CENTRE, NORFOLK LTD**
## **(A company limited by guarantee)**
## **NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 OCTOBER 2025**
## **10. Trustees' remuneration and expenses**
During the year, no Trustees received any remuneration or other benefits _(2024 - £NIL)_ .
During the year ended 31 October 2025, no Trustee expenses have been incurred _(2024 - £NIL)_ .
## **11. Tangible fixed assets**
|**Cost or valuation**
At 1 November 2024
At 31 October 2025
**Depreciation**
At 1 November 2024
Charge for the year
At 31 October 2025
**Net book value**
At 31 October 2025
_At 31 October 2024_|**Long-term**
**leasehold**
**property**
**£**
**83,838**
**83,838**
**27,893**
**4,192**
**32,085**
**51,753**
_55,945_|**Plant and**
**machinery**
**£**
**18,129**
**18,129**
**8,602**
**1,812**
**10,414**
**7,715**
_9,527_|**Computer**
**equipment**
**£**
**2,196**
**2,196**
**2,196**
**-**
**2,196**
**-**
_-_|**Total**
**£**
**104,163**
**104,163**|
|---|---|---|---|---|
|||||**38,691**
**6,004**
**44,695**|
|||||**59,468**|
|||||_65,472_|
## **12. Debtors**
||**2025**|_2024_|
|---|---|---|
||**£**|_£_|
|**Due within one year**|||
|Trade debtors|**5,835**|_6,652_|
Page 19
## **MS THERAPY CENTRE, NORFOLK LTD**
## **(A company limited by guarantee)**
## **NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 OCTOBER 2025**
## **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|**2025**
**£**
**3,678**
**-**
**4,376**
**463**
**5,031**
**32,700**
**46,248**|_2024_
_£_
_5,535_
_4,000_
_7,322_
_230_
_3,593_
_29,330_|
|---|---|---|
|||_50,010_|
## **14. Creditors: Amounts falling due after more than one year**
|Bank loans
Other loans
Accruals and deferred income|**2025**
**£**
**-**
**5,000**
**90,339**
**95,339**|_As restated_
_2024_
_£_
_3,567_
_8,507_
_91,972_|
|---|---|---|
|||_104,046_|
Accruals and deferred income includes 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.
## **15. Prior year adjustments**
During the current year, it was identified that a donation made to the Charity in the prior year of £10,000 had been incorrectly shown as a loan to the Charity. The comparative figures for income and liabilities have been restated and as a result unrestricted income is increased and liabilities decreased.
During the current year, it was identified that expenditure totalling £5,215 had been incorrectly allocated to unrestricted expenditure when it should have been allocated to the restricted Motomed exercise machine fund expenditure. The comparative funds have been adjusted in this respect.
Page 20
## **MS THERAPY CENTRE, NORFOLK LTD**
## **(A company limited by guarantee)**
## **NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 OCTOBER 2025**
## **16. Statement of funds**
## **Statement of funds - current year**
|**As restated**
**Balance at 1**
**November**
**2024**
**£**
**Unrestricted funds**
General funds
**16,726**
Lease accrual
**(118,722)**
**(101,996)**
**Restricted funds**
Motomed exercise machine
**31,230**
Salary grant
**-**
Accessible doors project
**-**
Accessible toilets project
**-**
**31,230**
**Total of funds**
**(70,766)**|**Income**
**£**
**Expenditure**
**£**
**109,811**
**(79,543)**
**-**
**(29,357)**
**109,811**
**(108,900)**
**-**
**(3,000)**
**10,000**
**(10,000)**
**6,000**
**(6,000)**
**4,360**
**-**
**20,360**
**(19,000)**
**130,171**
**(127,900)**|**Transfers**
**in/out**
**£**
**(27,740)**
**27,740**
**-**
**-**
**-**
**-**
**-**
**-**
**-**|**Balance at**
**31 October**
**2025**
**£**
**19,254**
**(120,339)**
**(101,085)**
**28,230**
**-**
**-**
**4,360**
**32,590**
**(68,495)**|
|---|---|---|---|
**Accessible doors project** grant funding totalling £6,000 was received during the year towards the costs of installation of accessible door facilities.
**Accessible toilets project** grant funding totalling £4,360 was received during the year towards the costs of installation of accessible toilet facilities.
The Charity was awarded a **Salary grant** of £10,000 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.
Hospital Saturday Fund awarded a grant of £2,000 in the prior year towards funding the cost of providing **Physiotherapy services** . The funds were offset against the costs of running the services during the prior year.
Page 21
## **MS THERAPY CENTRE, NORFOLK LTD**
## **(A company limited by guarantee)**
## **NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 OCTOBER 2025**
## **16. Statement of funds (continued)**
## **Statement of funds - prior 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_
_£_
_(89,320)_
_(29,357)_
_(118,677)_
_(5,215)_
_(2,000)_
_(5,795)_
_(13,010)_
_(131,687)_|_Transfers_
_in/out_
_£_
_(44,992)_
_44,992_
_-_
_-_
_-_
_-_
_-_
_-_|_As restated_
_Balance at_
_31 October_
_2024_
_£_
_16,726_
_(118,722)_
_(101,996)_
_31,230_
_-_
_-_
_31,230_
_(70,766)_|
|---|---|---|---|---|---|
Page 22
## **MS THERAPY CENTRE, NORFOLK LTD**
## **(A company limited by guarantee)**
## **NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 OCTOBER 2025**
## **17. Summary of funds**
## **Summary of funds - current year**
|**As restated**
**Balance at 1**
**November**
**2024**
**£**
General funds
**(101,996)**
Restricted funds
**31,230**
**(70,766)**
**Summary of funds - prior year**
_Balance at_
_1 November_
_2023_
_£_
General funds
_(106,533)_
Restricted funds
_36,445_
_(70,088)_|**Income**
**£**
**Expenditure**
**£**
**109,811**
**(108,900)**
**20,360**
**(19,000)**
**130,171**
**(127,900)**
_Income_
_£_
_Expenditure_
_£_
_123,214_
_(118,677)_
_7,795_
_(13,010)_
_131,009_
_(131,687)_|**Transfers**
**in/out**
**£**
**-**
**-**
**-**
_Transfers_
_in/out_
_£_
_-_
_-_
_-_|**Balance at**
**31 October**
**2025**
**£**
**(101,085)**
**32,590**
**(68,495)**
_As restated_
_Balance at_
_31 October_
_2024_
_£_
_(101,996)_
_31,230_
_(70,766)_|
|---|---|---|---|
|**Summary of funds - prior year**||||
|General funds
Restricted funds||||
## **18. 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**
**2025**
**Unrestricted**
**funds**
**2025**
**£**
**£**
-
59,468
32,590
(18,966)
-
(46,248)
-
(95,339)
32,590
(101,085)|**Total**
**funds**
**2025**
**£**
**59,468**
**13,624**
**(46,248)**
**(95,339)**
**(68,495)**|
|---|---|---|
Page 23
**(A company limited by guarantee)**
## **MS THERAPY CENTRE, NORFOLK LTD**
## **NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 OCTOBER 2025**
## **18. 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 As restated**|_As restated_
_Restricted_
_funds_
_2024_
_£_
_-_
_31,230_
_-_
_-_
_31,230_|_Unrestricted_
_funds_
_2024_
_£_
_65,472_
_(13,412)_
_(50,010)_
_(104,046)_
_(101,996)_|_As restated_
_Total_
_funds_
_2024_
_£_
_65,472_
_17,818_
_(50,010)_
_(104,046)_
_(70,766)_|
|---|---|---|---|
## **19. Pension commitments**
The Charity operates a defined contribution pension scheme. The assets of the scheme are held separately from those of the Charity in an independently administered fund. The pension cost charge represents contributions payable by the Charity to the fund and amounted to £756 ( _2024 - £914_ ). Contributions totalling £Nil ( _2024 - £126_ ) were payable to the fund at the balance sheet date and are included in creditors.
## **20. Operating lease commitments**
At 31 October 2025 the Charity 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|**2025**
**£**
**30,000**
**148,700**
**270,800**
**449,500**|_2024_
_£_
_26,500_
_140,300_
_309,200_
_476,000_|
|---|---|---|
The following lease payments have been recognised as an expense in the statement of financial activities:
||**2025**|_2024_|
|---|---|---|
||**£**|_£_|
|Operating lease rentals|**29,357**|_29,357_|
Page 24
## **MS THERAPY CENTRE, NORFOLK LTD**
## **(A company limited by guarantee)**
## **NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 OCTOBER 2025**
## **21. Members' liability**
Each member of the Charitable Company undertakes to contribute to the assets of the Charity 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.
## **22. Related party transactions**
In the year ended 31 October 2017 the Charity entered into a loan arrangement with one of it's Trustees.
Trustee Bernard Elwen provided the Charity with an unsecured, interest free loan of £6,715. Repayments of £1,007 ( _2024 - £1,343_ ) were made in the year ended 31 October 2025 leaving a balance owing at the year end of £Nil ( _2024 - £1,007_ ).
Page 25