FEDERATION OF FAMILY PRACTICES NORTH BELFAST C.I.C.

Company limited by guarantee

Company Registration Number:
NI628980 (Northern Ireland)

Unaudited statutory accounts for the year ended 31 March 2024

Period of accounts

Start date: 1 April 2023

End date: 31 March 2024

FEDERATION OF FAMILY PRACTICES NORTH BELFAST C.I.C.

Contents of the Financial Statements

for the Period Ended 31 March 2024

Balance sheet
Additional notes
Balance sheet notes
Community Interest Report

FEDERATION OF FAMILY PRACTICES NORTH BELFAST C.I.C.

Balance sheet

As at 31 March 2024

Notes 2024 2023


£

£
Current assets
Debtors: 3 69,256 5,650
Cash at bank and in hand: 223,262 203,971
Total current assets: 292,518 209,621
Net current assets (liabilities): 292,518 209,621
Total assets less current liabilities: 292,518 209,621
Creditors: amounts falling due after more than one year: 4 ( 188,703 ) ( 116,734 )
Total net assets (liabilities): 103,815 92,887
Members' funds
Profit and loss account: 103,815 92,887
Total members' funds: 103,815 92,887

The notes form part of these financial statements

FEDERATION OF FAMILY PRACTICES NORTH BELFAST C.I.C.

Balance sheet statements

For the year ending 31 March 2024 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.

The directors have chosen not to file a copy of the company's profit and loss account.

This report was approved by the board of directors on 14 November 2024
and signed on behalf of the board by:

Name: Dr C Devlin & Dr G Burns
Status: Director

The notes form part of these financial statements

FEDERATION OF FAMILY PRACTICES NORTH BELFAST C.I.C.

Notes to the Financial Statements

for the Period Ended 31 March 2024

  • 1. Accounting policies

    Basis of measurement and preparation

    These financial statements have been prepared in accordance with the provisions of Section 1A (Small Entities) of Financial Reporting Standard 102

    Turnover policy

    The income of the Federation is mainly public money provided through statutory bodies such as the Health and Social Care Board. Funding is provided to carry out specific projects within the local geographical area occupied by the members of the Federation. The Board of Directors have a duty to ensure that all funding is used principally for the benefit of the community. Income is recognised within the accounts to match the attributable costs of providing the specific services the Federation has commissioned. Income is deferred where the terms of the contract is that when monies received for specific projects are unspent, they are repayable to the funder. Any surplus arising is held in reserves for spend on future resources for the benefit of the community to which the Federation serves.

    Other accounting policies

    Taxation; Community interest companies are not entitled to any specific corporation tax exemptions and may be liable to corporation tax on profits arising on a taxable trade. Therefore, the Board of Directors will carry on the operations of the Federation to ensure that no profit arises on income from public funds. The board will ensure that any surplus arising from public funds will either be rolled forward and applied to future services under the contract to benefit the community or be refunded. As the Federation does not carry on a taxable trade nor operate with a view to make a profit no corporation tax liability arises. Employee Benefits; The costs of short-term employee benefits are recognised as a liability and an expense, unless those costs are required to be recognised as part of the cost of stock or fixed assets. The cost of any unused holiday entitlement is recognised in the period in which the employee’s services are received. Termination benefits are recognised immediately as an expense when the company is demonstrably committed to terminate the employment of an employee or to provide termination benefits.

FEDERATION OF FAMILY PRACTICES NORTH BELFAST C.I.C.

Notes to the Financial Statements

for the Period Ended 31 March 2024

  • 2. Employees

    2024 2023
    Average number of employees during the period 55 48

FEDERATION OF FAMILY PRACTICES NORTH BELFAST C.I.C.

Notes to the Financial Statements

for the Period Ended 31 March 2024

3. Debtors

2024 2023
£ £
Trade debtors 0 5,000
Other debtors 69,256 650
Total 69,256 5,650

FEDERATION OF FAMILY PRACTICES NORTH BELFAST C.I.C.

Notes to the Financial Statements

for the Period Ended 31 March 2024

4. Creditors: amounts falling due after more than one year note

2024 2023
£ £
Other creditors 188,703 116,734
Total 188,703 116,734

FEDERATION OF FAMILY PRACTICES NORTH BELFAST C.I.C.

Notes to the Financial Statements

for the Period Ended 31 March 2024

5. Financial Commitments

Basic financial liabilities, including creditors and deferred income are initially recognised at transaction price unless the arrangement constitutes a financing transaction. Financial liabilities classified as payable within one year are not amortised. Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. Amounts payable are classified as current liabilities if payment is due within one year or less. If not, they are presented as non-current liabilities. Trade creditors are recognised initially at transaction price and subsequently measured at amortised cost using the effective interest method.

COMMUNITY INTEREST ANNUAL REPORT

FEDERATION OF FAMILY PRACTICES NORTH BELFAST C.I.C.

Company Number: NI628980 (Northern Ireland)

Year Ending: 31 March 2024

Company activities and impact

The Federation of Family Practices North Belfast C.I.C. has now completed their ninth period of accounts. They have obtained area wide coverage of the support of practices within the North Belfast Area. They have received funding from SPPG. Support of the practices enables the Federation to have a united voice in pushing forward schemes and to obtain further funding which improve training and education of our staff that ultimately will be for the benefit of our patients in the community. SPPG funding has been received for delivery of pharmacy services in general practice. The project fundamentally benefits patient care in the community.

Consultation with stakeholders

No consultation with stakeholders

Directors' remuneration

The accounts detail directors’ remuneration in the year of £33,590. There were no other transactions or arrangements in connection with the remuneration of directors, or compensation for director’s loss of office, which require to be disclosed.

Transfer of assets

No transfer of assets other than for full consideration

This report was approved by the board of directors on
14 November 2024

And signed on behalf of the board by:
Name: Dr Carla Devlin
Status: Director