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2023-03-31-accounts

THE CENTRE FOR BETTER HEALTH LIMITED

FINANCIAL STATEMENTS

31 MARCH 2023

Company Registration Number 01949363 Registered Charity Number 292944

EDMUND CARR LLP

Chartered Accountants & Registered Auditors 146 New London Road Chelmsford Essex CM2 0AW

THE CENTRE FOR BETTER HEALTH LIMITED

FOR THE YEAR ENDED 31 MARCH 2023

CONTENTS

Charity information 1
The directors' report 2
Independent auditors' report to the members 7
Statement of financial activities 11
Balance sheet 12
Statement of cash flows 13
Notes to the financial statements 14

THE CENTRE FOR BETTER HEALTH LIMITED

FOR THE YEAR ENDED 31 MARCH 2023

CHARITY INFORMATION

Directors R B McNeill S J Rushton, LLB (until 6 February 2023) L Dolby, RN, RMN, Dip HE Mental Health D E Mannifield (appointed 1 January 2023) A Afilaka BABCP (accred) (appointed 5 June 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 01949363 Charity Number 292944 Registered Office 1A Darnley Road Hackney London E9 6QH

1

THE CENTRE FOR BETTER HEALTH LIMITED

THE DIRECTORS' REPORT

FOR THE YEAR ENDED 31 MARCH 2023

The directors present their report and accounts for the year ended 31 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 as listed on page 1 are its trustees for the purpose of charity law.

The Board has the power to appoint additional directors, as it considers fit.

Any board member may propose the appointment of a new trustee. If the board agrees the prospective trustee is invited for informal discussions with nominated board members and, if appropriate, to attend one or more board meetings. All new trustees are given a copy of the Charity Commission publication CC3 – “The Essential Trustee: What You Need To Know” and confirm that they have read, understood and accept the responsibilities involved. Existing trustees are kept up to date by referring to charity commission updates and relevant publications.

All trustees give their time voluntarily; no trustee received any benefits. Details of reimbursed expenses are disclosed in note 15.

ORGANISATION, OBJECTIVES AND ACTIVITIES FOR THE PUBLIC BENEFIT

The Centre for Better Health supports wellbeing and recovery from mental ill health. Through our services, we support individuals to achieve personal growth, improved wellbeing and quality of life, and employment progression where relevant. Our vision is for individuals to lead satisfying and hopeful lives in a society without any stigma around mental ill health.

The charity is administered by a board of Trustees who meet quarterly and administer the charity. A director of operations is appointed by the trustees to manage the day to day running of the charity.

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.

REVIEW OF DEVELOPMENTS

The organisation employs 8 full time staff and 19 part time staff.

The delivery of services also relies on the valuable contribution in time and commitment from volunteers. Over the course of the last year this has amounted to approximately 6,644 hours.

2

THE CENTRE FOR BETTER HEALTH LIMITED

THE DIRECTORS' REPORT (continued)

FOR THE YEAR ENDED 31 MARCH 2023

COUNSELLING PSYCHOTHERAPY SERVICE

The Counselling Service is delivered at the Darnley Road Centre. It is an integrative and affordable service which makes it accessible for people who might not otherwise have access to talking therapies. The offering is for up to one year, with individuals self-referring to the service. Clients are also signposted to the service by a variety of statutory bodies including social workers, local primary and secondary care.

For the majority of the past year the service has been online but returned to face to face in January 22.

A look back at the past year

Our counselling service supported 373 clients last year with weekly counselling. While most clients are local to Hackney, our service continues to attract individuals London-wide and is sought after both for being low-cost and relatively long-term.

BETTER HEALTH HUB

A look back at the past year

Our groups and courses included:

3

THE CENTRE FOR BETTER HEALTH LIMITED

THE DIRECTORS' REPORT (continued)

FOR THE YEAR ENDED 31 MARCH 2023

PATHWAYS TO BETTER HEALTH

In September 2022, we launched a new outreach and support service, which offers individualised, flexible support for 18-25-year-olds living in City and Hackney who are struggling with their wellbeing. Whilst not a counselling or therapy service, Pathways offers a supportive space to talk about how young adults are feeling and provides practical support to help.

A look back at the past year

SOCIAL ENTERPRISE

The purpose of the social enterprise is to encourage the development of work-related skills in people affected by mental ill health and to stimulate them to go on to open employment. Depending on ability and interests, individuals train in particular job roles. These trainee placements run within three commercial businesses: an artisan bakery, a commercial bike shop and a light industrial manufacturing unit. Unfortunately, in June 2023 we have taken the difficult decision to close the bakery due to unsustainable costs. It has been a remarkable journey for this innovative mental health project. It shone brightly and changed the lives of many individuals in its time, as evidenced by an external evaluation, reviews and wonderful feedback. We send our best wishes to all those who have been involved. The bike shop and the light industrial unit continue as normal.

A look back at the past year

4

THE CENTRE FOR BETTER HEALTH LIMITED

THE DIRECTORS' REPORT (continued)

FOR THE YEAR ENDED 31 MARCH 2023

INVESTMENT POLICY

The directors have power under the trust deed to invest in such assets as they see fit.

RESERVES POLICY AND RISK MANAGEMENT

The company carries out a variety of long-term projects. The trustees 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 free reserves at 31st March 2023 amount to £36,003. The trustees consider that to enable its existing projects to continue for the coming year reserves of £250,000 will be needed and it will require donations to meet the balance. Since the balance sheet date donations have been sought and obtained to cover the current shortfall which will enable the charity to continue with the projects on hand.

The trustees actively review the major risks that the charity faces on a regular basis and believe that maintaining the free reserves at the level stated above, combined with an annual review of the controls over key financial systems carried out through an internal audit programme, will provide sufficient resources in the event of adverse conditions. The trustees have also established other operational and business risks that CBH faces and confirm they have established systems to mitigate the significant risks.

FINANCIAL POSITION

The Financial Statements and Notes which follow this report have been prepared in accordance with 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.

The SOFA shows a surplus for the year of £714.

The year-end financial position, reflected by the balance sheet, is considered satisfactory. At 31st March 2023, the company had total net assets of £36,003, all of which represented undesignated unrestricted funds.

Budgeting will continue on a prudent basis to ensure that The Centre for Better Health maintains a strong financial position to meet the challenges, which lie in the years ahead.

5

THE CENTRE FOR BETTER HEALTH LIMITED

THE DIRECTORS' REPORT (continued)

FOR THE YEAR ENDED 31 MARCH 2023

STATEMENT OF DIRECTORS’ RESPONSIBILITIES

The trustees (who are also directors of The Centre for Better Health Ltd 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:

The trustees are responsible for keeping proper accounting records which 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.

In so far as the directors are aware:

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

6

THE CENTRE FOR BETTER HEALTH LIMITED

INDEPENDENT AUDITORS' REPORT TO THE MEMBERS

FOR THE YEAR ENDED 31 MARCH 2023

Opinion

We have audited the financial statements of The Centre for Better Health Ltd (the ‘charitable company’) for the year ended 31 March 2023 which comprise the Statement of Financial Activities, the Balance Sheet, the Statement of Cash Flows 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:

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.

7

THE CENTRE FOR BETTER HEALTH 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:

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.

8

THE CENTRE FOR BETTER HEALTH 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:

We assessed the susceptibility of the company’s financial statements to material misstatement, including obtaining an understanding of how fraud might occur by:

To address the risk of fraud through management bias and override of controls, we:

In response to the risk of irregularities and non-compliance with laws and regulations, we designed procedures which included, but were not limited to:

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.

9

THE CENTRE FOR BETTER HEALTH 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:

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 Statutory Auditor

146 New London Road 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.

10

THE CENTRE FOR BETTER HEALTH LIMITED

STATEMENT OF FINANCIAL ACTIVITIES (INCLUDING INCOME AND EXPENDITURE ACCOUNT)

FOR THE YEAR ENDED 31 MARCH 2023

Notes
Income from:
Grants and donations
2
Income from Investments: Deposit interest received
Income from Charitable activities
Other income from charitable activities
3
Total Income
Expenditure on:
Charitable activities
4
Total Expenditure
7
Net Income
Transfer between funds
Net Movement in Funds
Total funds brought forward at 1 April 2022
Total funds carried forward at 31 March 2023		 Unrestricted
Funds
2023
£
509,202
22
202,582
711,806
711,092
711,092
714
-
714
35,289
36,003		 Restricted
Funds
2023
£
26,666
-
-
26,666
26,666
26,666
-
-
-
-
-		 Total
Funds
2023
£
535,868
22
202,582
738,472
737,758
737,758
714
-
714
35,289
36,003		 Total
Funds
2022
£
505,871
1
165,799
671,671
671,668
671,668
3
-
3
35,286
35,289

The statement of financial activities includes all gains and losses recognised during the year.

All the activities of the charitable company are from continuing operations.

11

THE CENTRE FOR BETTER HEALTH LIMITED

BALANCE SHEET

AS AT 31 MARCH 2023

Notes
FIXED ASSETS
Tangible Assets
8
CURRENT ASSETS
Debtors
9
Cash at bank and in hand
CREDITORS : Amounts falling
due within one year
Other creditors
10
NET CURRENT ASSETS
NET ASSETS
CAPITAL AND RESERVES
Unrestricted funds
12
TOTAL FUNDS		 2023
£
£
3,028
78,255
2,443
80,698
47,723
32,975
£36,003
36,003
£36,003		 2022
£
£
2,304
73,549
1,875
75,424
42,439
32,985
£35,289
35,289
£35,289		 2022
£
£
2,304
73,549
1,875
75,424
42,439
32,985
£35,289
35,289
£35,289
£35,289
35,289
£35,289

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 this company is a charity, it is subject to audit under the Charities Act 2011.

Directors' responsibilities:

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: 01949363

12

THE CENTRE FOR BETTER HEALTH LIMITED

STATEMENT OF CASH FLOWS

FOR THE YEAR ENDED 31 MARCH 2023

Notes
Cash flows from operating activities
Net movement in funds for the financial year
Adjustments for:
Depreciation of tangible assets
8
Dividends and interest received
Changes in:
Trade and other debtors
9
Trade and other creditors
10
Cash generated from operations
Net cash (used in)/from operating activities
Cash flows from investing activities
Dividends and interest received
Fixed assets purchases
Net increase/(decrease) in cash and cash equivalents
Cash and cash equivalents at beginning of year
Cash and cash equivalents at end of year		 2023
£
714
1,168
(22)
(4,706)
5,281
2,435
2,435
22
(1,889)
(1,867)
568
1,875
2,443		 2022
£
3
864
(1)
10,517
(37,446)
(26,063)
(26,063)
1
-
1
(26,062)
27,937
1,875

13

THE CENTRE FOR BETTER HEALTH LIMITED

NOTES TO THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MARCH 2023

1) Accounting policies

The trustees 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.

The Centre for Better Health Limited meets the definition of a public benefit entity under FRS 102.

The Centre for Better Health Limited is a private charitable company limited by guarantee incorporated in England and Wales.

b) Depreciation

The cost of fixed assets is written off over their estimated useful lives at the following annual rates:

Equipment 20% straight line Motor Vehicles 20% straight line

c) Income

Income from donations and grants, including capital grants, is included in incoming resources when these are receivable. Interest receivable is included when received by the charity. Legacies are accounted for when receivables as long as they are capable of financial measurement. Counselling fees and community hub income are recognised when the session or activity take place.

d) Expenditure

Resources expended are included in the Statement of Financial Activities on an accruals basis including irrecoverable VAT.

Support costs are allocated on the basis of hours spent by management and administrative staff on each individual project.

14

THE CENTRE FOR BETTER HEALTH LIMITED

NOTES TO THE FINANCIAL STATEMENTS (continued)

FOR THE YEAR ENDED 31 MARCH 2023

e) 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.

· Designated funds – these are funds that are set aside by the trustees out of unrestricted general funds for specific future purposes or projects.

f) Debtors

Trade and other debtors are recognised at the settlement amount due. Prepayments are valued at the amount prepaid.

g) Creditors

Creditors are recognised where the charity has a present obligation resulting from a past event that will result in the transfer of funds to a third party and the amount due to settle the obligation can be estimated reliably.

h) Pension costs

The charitable company operates a defined contribution scheme. The assets of the scheme are held separately from those of the charitable company. The annual contributions payable are charged to the Statement of Financial Activities.

i) 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.

j) Government grants

Government grants are recognised at the fair value of the assets received or receivable. Grants are not recognised until there is reasonable assurance that the company will comply with the conditions attaching to them and the grants will be received.

15

THE CENTRE FOR BETTER HEALTH LIMITED

NOTES TO THE FINANCIAL STATEMENTS (continued)

FOR THE YEAR ENDED 31 MARCH 2023

2) Grants and donations

Donations
Trusts and foundations
Government grant income		 Darnley
Road
£
3,202
506,000
-
509,202		 Better
Health
Hub
£
-
26,666
-
26,666		 Total
2023
£
3,202
532,666
-
535,868		 Total
2022
£
5,564
495,000
5,307
505,871

£509,202 of grant and donation income in the current year was unrestricted (2022: £485,871) and restricted was £26,666 (2022: £20,000).

3) Other Income From Charitable Activities

Counselling income
Better Health Hub
Personalised Budget		 Darnley
Road
£
123,150
72,682
6,750
202,582		 Total
2023
£
123,150
72,682
6,750
202,582		 Total
2022
£
95,070
70,729
-
165,799

All income from charitable activities in the current and prior years was unrestricted.

4) Expenditure on Charitable Activities

Charitable activities
Governance costs		 Governance
costs
(note 6)
-
14,166
14,166		 Activities
undertaken
directly
£
385,310
-
385,310		 Support
costs
(note 5)
£
338,282
-
338,282		 Total
2023
£
723,592
14,166
737,758		 Total
2022
£
657,256
14,412
671,668

All expenditure on charitable activities in the current and prior years was unrestricted.

16

THE CENTRE FOR BETTER HEALTH LIMITED

NOTES TO THE FINANCIAL STATEMENTS (continued)

FOR THE YEAR ENDED 31 MARCH 2023

5) Support Costs

Staff costs
Premises other
Other office costs
Cleaning and maintenance
Depreciation and profit on disposal
Bank charges
Legal and professional		 Total
2023
£
266,675
10,439
46,350
12,201
1,168
1,449
-
338,282		 Total
2022
£
219,053
5,717
44,088
9,382
864
2,710
900
282,714

Support costs are allocated on the basis of hours spent by management and administrative staff on each individual project.

6) Governance Costs

Governance Costs
Audit fees
Accountancy and other fees		 Total
2023
£
6,000
8,166
14,166		 Total
2022
£
5,952
8,460
14,412

17

THE CENTRE FOR BETTER HEALTH LIMITED

NOTES TO THE FINANCIAL STATEMENTS (continued)

FOR THE YEAR ENDED 31 MARCH 2023

7)
Total Expenditure
Staff
Costs
£
Direct and support costs
625,217
Governance costs
-
625,217
Staff Costs:
Wages and salaries
Employers national insurance
Employers defined contribution pension
Other costs:
Premises other
Other office costs
Cleaning and Maintenance
Audit Fees
Bank charges		 Staff
Costs
£
625,217
-		 Depreciation
£
1,168
-		 Other
Costs
£
97,207
14,166		 Total
2023
£
723,592
14,166		 Total
2022
£
657,256
14,412
625,217 1,168 111,373 737,758 671,668
2023
£
571,607
43,467
10,143		 2022
£
525,204
37,162
8,565
625,217 570,931
14,327
77,396
12,201
6,000
1,449		 9,235
72,594
9,382
5,952
2,710
111,373 99,873

One employee received remuneration between £60,000 and £70,000. No trustees received any remuneration.

The key management personnel of the charity comprise the trustees, the Director of Operations and the services managers. The total employee benefits of the key management personnel were £192,398 (2022: £185,186).

The average number of employees by head count, analysed by function, was:

Services
Management and administration of the charity
Net Income
This is stated after charging:
Auditors' remuneration
Accounts preparation		 17
12		 18
9
29 27
6,000
1,944		 5,952
1,872

18

THE CENTRE FOR BETTER HEALTH LIMITED

NOTES TO THE FINANCIAL STATEMENTS (continued)

FOR THE YEAR ENDED 31 MARCH 2023

8)
Tangible Fixed Assets
Furniture
and
Equipment
£
Cost
At 1 April 2022
8,930
Additions
1,889
At 31 March 2023
10,819
Depreciation
At 1 April 2022
6,623
Charge for year
1,168
At 31 March 2023
7,791
Net book values
At 31 March 2023
3,028
At 31 March 2022
2,307
9)
Debtors
Related undertakings
Prepayments
Sundry debtors
10)
Creditors: Amounts falling due within one year
Accounts payable
Accruals
Other taxes and social security
Sundry creditors		 Motor
Vehicles
£
8,609
-
8,609
8,609
-
8,609
-
-
2023
£
58,039
10,949
9,267
78,255
2023
£
4,280
21,553
15,207
6,683
47,723		 Total
£
17,539
1,889
19,428
15,232
1,168
16,400
3,028
2,307
2022
£
60,031
12,318
1,200
73,549
2022
£
5,003
17,060
13,693
6,683
42,439

11) Called up share capital

The company is limited by guarantee and does not have 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.

19

THE CENTRE FOR BETTER HEALTH LIMITED

NOTES TO THE FINANCIAL STATEMENTS (continued)

FOR THE YEAR ENDED 31 MARCH 2023

12) Restricted funds

Current year:
a) NHS England - Pathways to
Better Health
Prior year:
b) NHS England - 18-25 year old
trainee programme		 Balance
1 April
2022
£
-
-
Balance
1 April
2021
£
-
-		 Incoming
Outgoing
£
£
26,666
26,666
26,666
26,666
Incoming
Outgoing
£
£
20,000
20,000
20,000
20,000
Movement in Resources
Movement in Resources		 Balance
31 March
2023
£
-
-
Balance
31 March
2022
£
-
-

a) For an outreach and personalised support service for 18-25-year-olds living in City and Hackney. b) Funding received via City & Hackney CCG for a work placement scheme.

13) Analysis of Net Assets Between Funds

Current year:
Unrestricted Funds
Prior year:
Unrestricted Funds		 Tangible
Fixed Assets
£
3,028
3,028
Tangible
Fixed Assets
£
1,440
1,440		 Net Current
Assets
£
32,975
32,975
Net Current
Assets
£
33,852
33,852		 Total
£
36,003
36,003
Total
£
35,292
35,292

20

THE CENTRE FOR BETTER HEALTH LIMITED

NOTES TO THE FINANCIAL STATEMENTS (continued)

FOR THE YEAR ENDED 31 MARCH 2023

14) Volunteers Expenses

During the year, 61 volunteer counsellors delivered 4,866 hours of counselling, and 8 bike volunteers and 8 bakery volunteers delivered an estimated 1,778 hours of volunteering in our social enterprise.

15) Trustees Expenses

No trustees were reimbursed any expenses in the current or prior year.

No trustees or connected persons received any remuneration either directly or indirectly.

16) Taxation

The company is a registered charity and is entitled to those reliefs from taxation which are available to charities.

17) 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 Better Health Products Limited.

During the year a grant of £354,000 (2022: £324,000) was received from The Psychiatric Rehabilitation Association and £152,000 (2022: £148,000) was received from Better Health Products Limited.

The amounts due from related undertakings as detailed in notes 9 are as follows:-

Psychiatric Rehabilitation Association
Better Health Products Limited		 2023
£
47,392
10,647
58,039		 2022
£
34,938
25,093
60,031

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