WILLOW BANK PARTNERSHIP COMMUNITY INTEREST COMPANY

Company Registration Number:
06600926 (England and Wales)

Unaudited statutory accounts for the year ended 31 March 2023

Period of accounts

Start date: 1 April 2022

End date: 31 March 2023

WILLOW BANK PARTNERSHIP COMMUNITY INTEREST COMPANY

Contents of the Financial Statements

for the Period Ended 31 March 2023

Directors report
Profit and loss
Balance sheet
Additional notes
Balance sheet notes
Community Interest Report

WILLOW BANK PARTNERSHIP COMMUNITY INTEREST COMPANY

Directors' report period ended 31 March 2023

The directors present their report with the financial statements of the company for the period ended 31 March 2023

Directors

The directors shown below have held office during the whole of the period from
1 April 2022 to 31 March 2023

Miss Debra Wild
Mrs Carol Bull
Mrs Jayne Weatherall
Dr Antony Roberts
Mrs Jeanette Hill
Mrs Jill Woolridge
Mrs Kathleen Banks


The directors shown below have held office during the period of
1 July 2022 to 31 March 2023

Mr Michael Sheldon
Mrs Rosemary Smith


Secretary Mrs Rosemary Smith

The above report has been prepared in accordance with the special provisions in part 15 of the Companies Act 2006

This report was approved by the board of directors on
31 May 2023

And signed on behalf of the board by:
Name: Dr Antony Roberts
Status: Director

WILLOW BANK PARTNERSHIP COMMUNITY INTEREST COMPANY

Profit And Loss Account

for the Period Ended 31 March 2023

2023 2022


£

£
Turnover: 0 3,886
Cost of sales: 0 0
Gross profit(or loss): 0 3,886
Administrative expenses: ( 28,704 ) ( 14,705 )
Operating profit(or loss): (28,704) (10,819)
Interest receivable and similar income: 1,529 80
Profit(or loss) before tax: (27,175) (10,739)
Tax: 0 0
Profit(or loss) for the financial year: (27,175) (10,739)

WILLOW BANK PARTNERSHIP COMMUNITY INTEREST COMPANY

Balance sheet

As at 31 March 2023

Notes 2023 2022


£

£
Current assets
Debtors: 3 240,542 240,542
Cash at bank and in hand: 794,118 821,786
Total current assets: 1,034,660 1,062,328
Creditors: amounts falling due within one year: 4 ( 733,315 ) ( 733,820 )
Net current assets (liabilities): 301,345 328,508
Total assets less current liabilities: 301,345 328,508
Total net assets (liabilities): 301,345 328,508
Capital and reserves
Called up share capital: 12 12
Profit and loss account: 301,333 328,496
Total Shareholders' funds: 301,345 328,508

The notes form part of these financial statements

WILLOW BANK PARTNERSHIP COMMUNITY INTEREST COMPANY

Balance sheet statements

For the year ending 31 March 2023 the company was entitled to exemption under section 477 of the Companies Act 2006 relating to small companies.

The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

This report was approved by the board of directors on 31 May 2023
and signed on behalf of the board by:

Name: Dr Antony Roberts
Status: Director

The notes form part of these financial statements

WILLOW BANK PARTNERSHIP COMMUNITY INTEREST COMPANY

Notes to the Financial Statements

for the Period Ended 31 March 2023

  • 1. Accounting policies

    Basis of measurement and preparation

    These financial statements have been prepared in accordance with the provisions of Financial Reporting Standard 101

    Turnover policy

    Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnoverincludes revenue earned from the sale of goods and from the rendering of services. Turnover is reduced for estimated customer returns,rebates and other similar allowances.Sale of goodsTurnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods has transferred to thebuyer. This is usually at the point that the customer has signed for the delivery of the goods.Rendering of servicesTurnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion ofa contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs.

    Tangible fixed assets depreciation policy

    Tangible fixed assets are measured at cost less accumulated depreciation and any accumulated impairment losses. Depreciation isprovided at rates calculated to write off the cost of the fixed assets, less their estimated residual value, over their expected useful liveson the following bases:Fixtures & Fittings 20%

WILLOW BANK PARTNERSHIP COMMUNITY INTEREST COMPANY

Notes to the Financial Statements

for the Period Ended 31 March 2023

  • 2. Employees

    2023 2022
    Average number of employees during the period 1 1

WILLOW BANK PARTNERSHIP COMMUNITY INTEREST COMPANY

Notes to the Financial Statements

for the Period Ended 31 March 2023

3. Debtors

2023 2022
£ £
Prepayments and accrued income 240,542 240,542
Total 240,542 240,542

WILLOW BANK PARTNERSHIP COMMUNITY INTEREST COMPANY

Notes to the Financial Statements

for the Period Ended 31 March 2023

4. Creditors: amounts falling due within one year note

2023 2022
£ £
Trade creditors 533,315 533,788
Taxation and social security 32
Other creditors 200,000 200,000
Total 733,315 733,820

COMMUNITY INTEREST ANNUAL REPORT

WILLOW BANK PARTNERSHIP COMMUNITY INTEREST COMPANY

Company Number: 06600926 (England and Wales)

Year Ending: 31 March 2023

Company activities and impact

Having served the local community as Willow Bank CIC as an experienced multidisciplinary team who understand how to provide primary care services for locally marginalised groups. Unlike traditional “for profit” general practice we then use these relationships to “work back” into communities to positively influence health outcomes in a wider group, building partner-ships with other agencies as we proceed. Since completely our term we are using the balance of our funds to back local charities that are set up for the health and well being of the residents that we served.

Consultation with stakeholders

Willow Bank Partnership CIC is owned and managed by its previous employees who want to continue helping local residents.

Directors' remuneration

Directors Salaries £1,046Directors NI £0Directors pension £0

Transfer of assets

No transfer of assets other than for full consideration

This report was approved by the board of directors on
5 September 2023

And signed on behalf of the board by:
Name: Mrs Rosemary Smith
Status: Director