## **BETTER HEALTH PRODUCTS LIMITED**
## **FINANCIAL STATEMENTS**
## **31 MARCH 2023**
**Company Registration Number 01049465 Registered Charity Number 264031**
## **EDMUND CARR LLP**
Chartered Accountants & Registered Auditors 146 New London Road Chelmsford Essex CM2 0AW
## **BETTER HEALTH PRODUCTS LIMITED**
## **FOR THE YEAR ENDED 31 MARCH 2023**
## **CONTENTS**
|Charity information|1|
|---|---|
|The directors' report|2|
|Independent auditors' report to the members|5|
|Statement of financial activities|9|
|Balance sheet|10|
|Notes to the financial statements|11|
## **BETTER HEALTH PRODUCTS LIMITED**
## **FOR THE YEAR ENDED 31 MARCH 2023**
## **CHARITY INFORMATION**
|**Directors**|R B McNeill||
|---|---|---|
||A Mathews||
||L Dolby, RN, RMN, Dip HE Mental Health||
||D E Mannifield|(appointed 1 January 2023)|
|**Auditors**|Edmund Carr LLP||
||146 New London Road||
||Chelmsford||
||Essex||
||CM2 0AW||
|**Bankers**|National Westminster Bank plc||
||PO Box 8030||
||20 Amhurst Road||
||London||
||E8 1JJ||
|**Company Number**|01049465||
|**Charity Number**|264031||
|**Registered Office**|1A Darnley Road||
||Hackney||
||London||
||E9 6QH||
|**Place of Business**|13 Stean Street||
||London||
||E8 4ED||
1
## **BETTER HEALTH PRODUCTS LIMITED**
## **THE DIRECTORS' REPORT**
## **FOR THE YEAR ENDED 31 MARCH 2023**
The directors present their report and accounts for the year ended 31st March 2023.
The financial statements have been prepared in accordance with the accounting policies set out in the notes to the accounts and comply with the charity’s governing document, the Charities Act 2011 and 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), the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) and the Companies Act 2006.
## **CONSTITUTION**
The charity is constituted as a company limited by guarantee, and is therefore governed by a memorandum and articles of association.
## **DIRECTORS AND TRUSTEES**
The directors of the company are as listed on page 1.
The Board has the power to appoint additional directors, as it considers fit.
## **ORGANISATION AND OBJECTIVES**
Better Health Products Limited is run as a social enterprise and provides training placements in one of its three main businesses to individuals recovering from mental ill health. Businesses operating in the last financial year were a polyurethane light manufacturing business, an artisan bakery (trading as Better Health Bakery) and a bicycle workshop (trading as Better Health Bikes). Unfortunately, we took the difficult decision to close the bakery in June 2023.
The charity represents one of the separately registered charities alongside which the Psychiatric Rehabilitation Association works to carry out its objectives.
All trustees give their time voluntarily; no trustee receives any benefits.
The trustees confirm that they have referred to the guidance contained in the Charity Commission's general guidance on public benefit when reviewing the charity's aims and objectives and in planning future activities.
2
## **BETTER HEALTH PRODUCTS LIMITED**
## **THE DIRECTORS' REPORT (continued)**
## **FOR THE YEAR ENDED 31 MARCH 2023**
## **REVIEW OF DEVELOPMENTS**
Better Health Products Limited operates from the London Borough of Hackney.
There have been no significant changes in the level or nature of the company’s activities during the year. However, as mentioned above the bakery closed in June 2023.
## **RESERVES POLICY**
The company carries out a variety of long-term projects. The directors have examined the requirement for free reserves which are those unrestricted funds not invested in fixed assets, designated for specific purposes or otherwise committed. The directors consider that the free reserves of £51,273 are adequate to meet the ongoing commitments of the company.
## **INVESTMENT POLICY**
The directors have power under the trust deed to invest in such assets as they see fit.
## **FINANCIAL POSITION**
The Financial Statements and Notes which follow this report have been prepared in accordance with Accounting and Reporting by Charities: Statement of Recommended Practice applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in UK and Republic of Ireland (FRS 102), and in accordance with the provisions of the Companies Act 2006 applicable to companies subject to the small companies regime.
The Statement of Financial Activities shows net income for the year of £1,715 for the company.
The year-end financial position, reflected by the balance sheet, is considered satisfactory.
It is the policy of the directors to ensure adequate funds are always available to the company to meet its objectives, and also the solvency requirements imposed by the Companies Act.
3
## **BETTER HEALTH PRODUCTS LIMITED**
## **THE DIRECTORS' REPORT (continued)**
## **FOR THE YEAR ENDED 31 MARCH 2023**
## **STATEMENT OF DIRECTORS’ RESPONSIBILITIES**
The trustees (who are also directors of Better Health Products Limited for the purposes of company law) are responsible for preparing the Directors' 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 year, which give a true and fair view of the state of affairs of the charitable company and of the incoming resources and application of resources, including the income and expenditure, of the charitable company for the year. In preparing these financial statements, the trustees are required to:
- select suitable accounting policies and apply them consistently;
- observe the methods and principles in the Charities SORP (FRS 102);
- make judgements and estimates that are reasonable and prudent;
- state whether applicable UK Accounting Standards have been followed, subject to any material departures disclosed and explained in the financial statements;
- prepare the financial statements on a going concern basis unless it is inappropriate to assume that the charitable company will continue in operation.
The trustees are responsible for keeping adequate accounting records that disclose with reasonable accuracy at any time the financial position of the charitable 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 charitable company and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities.
In so far as the directors are aware:
- there is no relevant audit information of which the charitable company's auditors are unaware; and
- • the directors have taken all steps that they ought to have taken to make themselves aware of any relevant audit information and to establish that the auditor is aware of that information.
## **SMALL COMPANY PROVISIONS**
This report has been prepared in accordance with the provisions applicable to companies entitled to the small companies exemption.
## **AUDITORS**
Edmund Carr LLP are deemed to be re-appointed under section 487(2) of the Companies Act 2006.
BY ORDER OF THE BOARD
## R B McNeill
..........................R B McNEILL Director
............................. 2023 24 September
4
## **BETTER HEALTH PRODUCTS LIMITED**
## **INDEPENDENT AUDITORS' REPORT TO THE MEMBERS**
## **FOR THE YEAR ENDED 31 MARCH 2023**
## **Opinion**
We have audited the financial statements of Better Health Products Limited (the ‘charitable company’) for the year ended 31 March 2023 which comprise the Statement of Financial Activities, the Balance Sheet and notes to the financial statements, including a summary of significant accounting policies. The financial reporting framework that has been applied in their preparation is applicable law and United Kingdom Accounting Standards, including Financial Reporting Standard 102 _The Financial Reporting Standard applicable in the UK and Republic of Ireland_ (United Kingdom Generally Accepted Accounting Practice).
In our opinion the financial statements:
- give a true and fair view of the state of the charitable company’s affairs as at 31 March 2023 and of its incoming resources and application of resources, including its income and expenditure, for the year then ended;
- have been properly prepared in accordance with United Kingdom Generally Accepted Accounting Practice; and
- have been prepared in accordance with the requirements of the Companies Act 2006.
## **Basis for opinion**
We conducted our audit in accordance with International Standards on Auditing (UK) (ISAs (UK)) and applicable law. Our responsibilities under those standards are further described in the Auditor’s responsibilities for the audit of the financial statements section of our report. We are independent of the charitable company in accordance with the ethical requirements that are relevant to our audit of the financial statements in the UK, including the FRC’s Ethical Standard, and we have fulfilled our other ethical responsibilities in accordance with these requirements. We believe that the audit evidence we have obtained is sufficient and appropriate to provide a basis for our opinion.
## **Conclusions relating to going concern**
In auditing the financial statements, we have concluded that the trustees’ use of the going concern basis of accounting in the preparation of the financial statements is appropriate.
Based on the work we have performed, we have not identified any material uncertainties relating to events or conditions that, individually or collectively, may cast significant doubt on the charitable company's ability to continue as a going concern for a period of at least twelve months from when the financial statements are authorised for issue.
Our responsibilities and the responsibilities of the trustees with respect to going concern are described in the relevant sections of this report.
## **Other information**
The other information comprises the information included in the directors' report, other than the financial statements and our auditor’s report thereon. The trustees are responsible for the other information contained within the directors' report. Our opinion on the financial statements does not cover the other information and, except to the extent otherwise explicitly stated in our report, we do not express any form of assurance conclusion thereon.
5
## **BETTER HEALTH PRODUCTS LIMITED**
## **INDEPENDENT AUDITORS' REPORT TO THE MEMBERS (Continued)**
## **FOR THE YEAR ENDED 31 MARCH 2023**
Our responsibility is to read the other information and, in doing so, consider whether the other information is materially inconsistent with the financial statements or our knowledge obtained in the course of the audit or otherwise appears to be materially misstated. If we identify such material inconsistencies or apparent material misstatements, we are required to determine whether this gives rise to a material misstatement in the financial statements themselves. If, based on the work we have performed, we conclude that there is a material misstatement of this other information, we are required to report that fact.
We have nothing to report in this regard.
## **Matters on which we are required to report by exception**
We have nothing to report in respect of the following matters in relation to which the Charities (Accounts and Reports) Regulations 2008 require us to report to you if, in our opinion:
- the information given in the financial statements is inconsistent in any material respect with the trustees’ report; or
- the charitable company has not kept adequate accounting records; or
- the financial statements are not in agreement with the accounting records and returns; or
- we have not received all the information and explanations we require for our audit.
## **Responsibilities of trustees**
As explained more fully in the Statement of Directors’ Responsibilities, the trustees (who are also the directors of the charitable company for the purposes of company law) are responsible for the preparation of the financial statements and for being satisfied that they give a true and fair view, and for such internal control as the trustees determine is necessary to enable the preparation of financial statements that are free from material misstatement, whether due to fraud or error.
In preparing the financial statements, the trustees are responsible for assessing the charitable company’s ability to continue as a going concern, disclosing, as applicable, matters related to going concern and using the going concern basis of accounting unless the trustees either intend to liquidate the charitable company or to cease operations, or have no realistic alternative but to do so.
## **Auditor’s responsibilities for the audit of the financial statements**
We have been appointed as auditor under section 145 of the Charities Act 2011 and report in accordance with regulations made under section 154 of that Act.
Our objectives are to obtain reasonable assurance about whether the financial statements as a whole are free from material misstatement, whether due to fraud or error, and to issue an auditor’s report that includes our opinion. Reasonable assurance is a high level of assurance, but is not a guarantee that an audit conducted in accordance with ISAs (UK) will always detect a material misstatement when it exists. Misstatements can arise from fraud or error and are considered material if, individually or in the aggregate, they could reasonably be expected to influence the economic decisions of users taken on the basis of these financial statements.
6
## **BETTER HEALTH PRODUCTS LIMITED**
## **INDEPENDENT AUDITORS' REPORT TO THE MEMBERS (Continued)**
## **FOR THE YEAR ENDED 31 MARCH 2023**
Irregularities, including fraud, are instances of non-compliance with laws and regulations. We design procedures in line with our responsibilities, outlined above, to detect material misstatements in respect of irregularities, including fraud.
Our approach to identifying and assessing the risks of material misstatement in respect of irregularities, including fraud and non-compliance with laws and regulations, was as follows:
- The engagement partner ensured that the engagement team collectively had the appropriate competence, capabilities and skills to identify or recognise non-compliance with applicable laws and regulations.
- We focused on specific laws and regulations which we considered may have a direct material effect on the financial statements or the operations for the company, including the Companies Act 2006, tax legislation and data protection, anti-bribery, employment, environmental and health and safety legislation.
We assessed the susceptibility of the company’s financial statements to material misstatement, including obtaining an understanding of how fraud might occur by:
- Making enquiries of management as to where they considered there was susceptibility to fraud, their knowledge of actual, suspected and alleged fraud.
- Considered the internal controls in place to mitigate the risks of fraud and non-compliance with laws and regulations
To address the risk of fraud through management bias and override of controls, we:
- Performed analytical procedures to identify any unusual or unexpected relationships
- Tested journal entries to identify unusual transactions
In response to the risk of irregularities and non-compliance with laws and regulations, we designed procedures which included, but were not limited to:
- Agreeing financial statement disclosures to underlying supporting documentation
- Enquiring of management as to actual and potential litigation and claims
Because of the inherent limitations of an audit, there is a risk that we will not detect all irregularities, including those leading to a material misstatement in the financial statements or non-compliance with regulation. This risk increases the more that compliance with a law or regulation is removed from the events and transactions reflected in the financial statements, as we will be less likely to become aware of instances of non-compliance. The risk is also greater regarding irregularities occurring due to fraud rather than error, as fraud involves intentional concealment, forgery, collusion, omission or misrepresentation.
7
## **BETTER HEALTH PRODUCTS LIMITED**
## **INDEPENDENT AUDITORS' REPORT TO THE MEMBERS (Continued)**
## **FOR THE YEAR ENDED 31 MARCH 2023**
As part of an audit in accordance with ISAs (UK), we exercise professional judgment and maintain professional scepticism throughout the audit. We also:
- Identify and assess the risks of material misstatement of the financial statements, whether due to fraud or error, design and perform audit procedures responsive to those risks, and obtain audit evidence that is sufficient and appropriate to provide a basis for our opinion. The risk of not detecting a material misstatement resulting from fraud is higher than for one resulting from error, as fraud may involve collusion, forgery, intentional omissions, misrepresentations, or the override of internal control.
- Obtain an understanding of internal control relevant to the audit in order to design audit procedures that are appropriate in the circumstances, but not for the purpose of expressing an opinion on the effectiveness of the charitable company’s internal control.
- Evaluate the appropriateness of accounting policies used and the reasonableness of accounting estimates and related disclosures made by the trustees.
- Conclude on the appropriateness of the trustees’ use of the going concern basis of accounting and, based on the audit evidence obtained, whether a material uncertainty exists related to events or conditions that may cast significant doubt on the charitable company’s ability to continue as a going concern. If we conclude that a material uncertainty exists, we are required to draw attention in our auditor’s report to the related disclosures in the financial statements or, if such disclosures are inadequate, to modify our opinion. Our conclusions are based on the audit evidence obtained up to the date of our auditor’s report. However, future events or conditions may cause the charitable company to cease to continue as a going concern.
- Evaluate the overall presentation, structure and content of the financial statements, including the disclosures, and whether the financial statements represent the underlying transactions and events in a manner that achieves fair presentation (ie. gives a true and fair view).
We communicate with those charged with governance regarding, among other matters, the planned scope and timing of the audit and significant audit findings, including any significant deficiencies in internal control that we identify during our audit.
## **Use of our report**
This report is made solely to the charitable company’s trustees, as a body, in accordance with Part 4 of the Charities (Accounts and Reports) Regulations 2008. Our audit work has been undertaken so that we might state to the charitable company’s trustees those matters we are required to state to them in an auditor’s report and for no other purpose. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than the charitable company and the charitable company’s trustees as a body, for our audit work, for this report, or for the opinions we have formed.
## R Crace FCA
EDMUND CARR LLP 146 New London Road Statutory Auditor Chelmsford Essex CM2 0AW
.......................... 2023 25 September
Edmund Carr LLP is eligible to act as an auditor in terms of section 1212 of the Companies Act 2006.
8
## **BETTER HEALTH PRODUCTS LIMITED**
## **STATEMENT OF FINANCIAL ACTIVITIES (INCLUDING INCOME AND EXPENDITURE ACCOUNT)**
## **FOR THE YEAR ENDED 31 MARCH 2023**
|**Notes**
**Charitable activities**
Sales
**Total Income**
**Expenditure on:**
**Charitable activities**
Grant paid
**5**
Project running costs
**5**
**Total Expenditure**
**Net movement in funds**
Total funds brought forward at 1 April 2022
**Total funds carried forward at 31 March 2023**|**Total**
**Funds**
**2023**
**£**
312,303|**Total**
**Funds**
**2022**
**£**
269,497|
|---|---|---|
||312,303|269,497|
||152,000
158,588|148,000
121,418|
||310,588|269,418|
||1,715
49,558|79
49,479|
||£51,273|£49,558|
The statement of financial activities included all gains and losses recognised during the year.
All the activities of the charitable company are from unrestricted, continuing operations.
9
## **BETTER HEALTH PRODUCTS LIMITED**
## **BALANCE SHEET**
## **AS AT 31 MARCH 2023**
|**Notes**
**FIXED ASSETS**
Tangible Assets
**7**
**CURRENT ASSETS**
Stock
**8**
Debtors
**9**
Cash at bank and in hand
**CREDITORS: AMOUNTS FALLING**
**DUE WITHIN ONE YEAR**
Other creditors
**10**
**NET CURRENT ASSETS**
**CAPITAL AND RESERVES**
Unrestricted funds:
General unrestricted funds
**TOTAL FUNDS**
**11**|**£**
**£**
6,057
53,349
15,368
9,242
77,959
32,743
45,216
£51,273
51,273
£51,273
**2023**|**£**
**£**
6,115
60,946
16,659
12,647
90,252
46,809
43,443
£49,558
49,558
£49,558
**2022**|**£**
**£**
6,115
60,946
16,659
12,647
90,252
46,809
43,443
£49,558
49,558
£49,558
**2022**|
|---|---|---|---|
||||£49,558|
||||49,558|
||||£49,558|
For the year ending 31 March 2023 the company is entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies but as the company is a charity, it is subject to audit under the Charities Act 2011.
## Directors' responsibilities:
- The members have not required the company to obtain an audit of its accounts for the year in question in accordance with section 476;
- The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These financial statements have been prepared in accordance with the provisions of the Companies Act 2006 applicable to companies subject to the small companies regime.
Approved by the Board on …....................... 2023. 24 September
## R B McNeill
…......................
## R B McNEILL
Company Registration Number: 1049465
10
## **BETTER HEALTH PRODUCTS LIMITED**
## **NOTES TO THE FINANCIAL STATEMENTS**
## **FOR THE YEAR ENDED 31 MARCH 2023**
## **1) ACCOUNTING POLICIES**
## a) **Accounting convention**
The financial statements have been prepared under the historical cost convention, and in accordance with 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), the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) and the Companies Act 2006.
The directors consider that there are no material uncertainties about the charitable company's ability to continue as a going concern nor any significant areas of uncertainty that affect the carrying value of assets held by the charitable company.
Better Health Products Limited meets the definition of a public benefit entity under FRS 102.
Better Health Products Limited is a private charitable company limited by guarantee incorporated in England and Wales.
## b) **Stock and work in progress**
The basis of valuation, which is consistent with previous years, is the lower of cost and net realisable value.
## c) **Depreciation**
The cost of fixed assets is written off over their estimated useful lives at the following annual rates:
Plant and Machinery 20 % straight line Bakery Alterations 10 % straight line Cycle Workshop Alterations 10 % straight line
## d) **Debtors**
No general provision is made on trade debtors. Known bad debts are written off and specific provision is made for any considered to be doubtful of collection.
## e) **Cash**
Cash and cash equivalents comprise cash on hand, bank accounts and bank deposits.
11
## **BETTER HEALTH PRODUCTS LIMITED**
## **NOTES TO THE FINANCIAL STATEMENTS (continued)**
## **FOR THE YEAR ENDED 31 MARCH 2023**
## **1) ACCOUNTING POLICIES (continued)**
## f) **Creditors**
Creditors are recognised where the charitable company had a present obligation resulting from a past event that will probably result in the transfer of funds to a third party and the amount due can be measured reliably. Creditors are normally recognised at their settlement amount.
## g) **Turnover**
Turnover represents the value of goods invoiced during the year, excluding VAT.
## h) **Grants and Donations**
Grants and donations are accounted for on a receipts and payments basis. Where part of a grant is unused, as at the year end, the unused part is carried forward and matched against the relevant future costs.
## i) **Fund Accounting**
Funds held by the charity are either:
Unrestricted general funds - these are funds that can be used in accordance with the charitable objectives at the discretion of the trustees.
Restricted funds - these are funds that can only be used for particular restricted purposes within the objects of the charity. Restrictions arise when specified by the donor or when funds are raised for particular restricted purposes.
## j) **Financial instruments**
The charitable 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.
## **2) NET MOVEMENT IN FUNDS**
The net movement in funds is arrived at after charging/(crediting):
|Depreciation
Audit fees
Accountancy fees|**2023**
**£**
3,350
1,400
3,245|**2022**
**£**
3,344
1,360
3,620|
|---|---|---|
12
## **BETTER HEALTH PRODUCTS LIMITED**
## **NOTES TO THE FINANCIAL STATEMENTS (continued)**
## **FOR THE YEAR ENDED 31 MARCH 2023**
## **3) TAXATION**
The company is a registered charity and is entitled to those reliefs from taxation which are available to charities.
## **4) EMPLOYEE INFORMATION**
The company had no employee costs during the year (2022: £Nil). All staff members are remunerated by The Centre for Better Health Limited.
None of the trustees or persons connected with them received any remuneration for their services. No trustees were reimbursed for expenses incurred in either the current or prior year.
## **5) DIRECT CHARITABLE EXPENDITURE**
|Project running costs:
Cost of sales
Delivery expenses
Repairs and renewals
Market stall expenses
Laundry and cleaning
Printing, postage and stationery
Marketing
Insurance
Electricity and gas
Motor expenses
Staff training
Depreciation
General expenses
Bank charges
Governance cost (**note 6)**
Grant paid to The Centre for Better Health Ltd
**6)**
**GOVERNANCE COSTS**
Audit
Accountancy|**2023**
**£**
94,234
13,275
6,199
456
2,153
1,279
826
923
23,770
40
-
3,350
3,877
3,561
4,645
£158,588
£152,000
**2023**
**£**
1,400
3,245
£4,645|**2022**
**£**
72,604
6,872
5,928
196
2,109
837
971
886
12,629
304
1,000
3,344
5,335
3,423
4,980|
|---|---|---|
|||£121,418|
|||£148,000|
|||**2022**
**£**
1,360
3,620|
|||£4,980|
13
## **BETTER HEALTH PRODUCTS LIMITED**
## **NOTES TO THE FINANCIAL STATEMENTS (continued)**
## **FOR THE YEAR ENDED 31 MARCH 2023**
## **7) FIXED ASSETS**
|**7)**
**FIXED ASSETS**|||
|---|---|---|
|**Bakery**
**Alterations**
**£**
**Cost**
1 April 2022
15,193
Additions
-
31 March 2023
15,193
**Depreciation**
1 April 2022
13,974
Charge for year
1,219
**31 March 2023**
15,193
**Net book values**
**At 31 March 2023**
-
**At 31 March 2022**
£1,219
**8)**
**STOCK**
Raw materials and consumables
**9)**
**DEBTORS**
Trade debtors
Prepayments
**10) CREDITORS**
Trade creditors
Other taxes and social security
Other creditors
Accruals and deferred income
Amounts owed to related undertakings|**Plant and**
**Cycle Workshop**
**Machinery**
**Alterations**
**£**
**£**
26,529
2,400
3,292
-
29,821
2,400
22,180
1,853
1,891
240
24,071
2,093
£5,750
£307
£4,349
£547
**2023**
**£**
£53,349
**2023**
**£**
13,971
1,397
£15,368
**2023**
**£**
5,353
5,785
2,972
7,986
10,647
£32,743|
**Total**
**£**
44,122
3,292|
||29,821
22,180
1,891
24,071
£5,750
£4,349|47,414|
|||38,007
3,350|
|||41,357|
|||£6,057|
|||£6,115|
|||**2022**
**£**
£60,946|
|||**2022**
**£**
15,088
1,571|
|||£16,659|
|||**2022**
**£**
5,877
5,185
5,910
4,655
25,182|
|||£46,809|
14
## **BETTER HEALTH PRODUCTS LIMITED**
## **NOTES TO THE FINANCIAL STATEMENTS (continued)**
## **FOR THE YEAR ENDED 31 MARCH 2023**
|**11) TOTAL FUNDS**
1 April 2022
Surplus for the year
Funds at 31 March 2023
**Analysis of net assets between funds:**
Tangible fixed assets
Net current assets|**2023**
**£**
49,558
1,715
£51,273
**General**
**Unrestricted**
**£**
6,057
45,216
£51,273|**2022**
**£**
49,479
79|
|---|---|---|
|||£49,558|
|||**Total**
**£**
6,057
45,216|
|||£51,273|
## **12) RELATED PARTY TRANSACTIONS**
There is no ultimate controlling party.
The majority of the directors of the company are also the trustees of the Psychiatric Rehabilitation Association and directors of The Centre for Better Health Limited.
The only transaction was the grant of £152,000 (2022: £148,000) to The Centre for Better Health Limited. At the year end the company owed £10,647 (2022: £25,093) to The Centre for Better Health Limited, which is shown under creditors.
At the year end Better Health Products Limited owed The Psychiatric Rehabilitation Association £Nil (2022: £89 due from The Psychiatric Rehabilitation Association).
The company is administered through The Centre for Better Health Limited which provides the necessary staff to carry out the company's activities.
## **13) CALLED UP SHARE CAPITAL**
The company is limited by guarantee and does not have a share capital. The subscribers to the company's Memorandum and Articles of Association have undertaken to pay £1 each in the event of the liquidation of the company.
15