FEDERATION OF FAMILY PRACTICES ARDS C.I.C.

Company limited by guarantee

Company Registration Number:
NI626624 (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 ARDS 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 ARDS C.I.C.

Balance sheet

As at 31 March 2024

Notes 2024 2023


£

£
Fixed assets
Tangible assets: 3 627 939
Total fixed assets: 627 939
Current assets
Debtors: 4 91,801 6,453
Cash at bank and in hand: 257,903 230,112
Total current assets: 349,704 236,565
Creditors: amounts falling due within one year: 5 ( 230,567 ) ( 156,136 )
Net current assets (liabilities): 119,137 80,429
Total assets less current liabilities: 119,764 81,368
Total net assets (liabilities): 119,764 81,368
Members' funds
Profit and loss account: 119,764 81,368
Total members' funds: 119,764 81,368

The notes form part of these financial statements

FEDERATION OF FAMILY PRACTICES ARDS 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 28 November 2024
and signed on behalf of the board by:

Name: Dr R Ferris
Status: Director

The notes form part of these financial statements

FEDERATION OF FAMILY PRACTICES ARDS 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.

    Tangible fixed assets depreciation policy

    Tangible fixed assets are initially measured at cost and subsequently measured at cost or valuation, net of depreciation and any impairment losses. Depreciation is recognised so as to write off the cost or valuation of assets less their residual values over their useful lives on the following bases: Computers - 25% reducing balance

    Valuation information and policy

    At each reporting period end date, the company reviews the carrying amounts of its tangible assets to determine whether there is any indication that those assets have suffered an impairment loss. If any such indication exists, the recoverable amount of the asset is estimated in order to determine the extent of the impairment loss (if any). Where it is not possible to estimate the recoverable amount of an individual asset, the company estimates the recoverable amount of the cash-generating unit to which the asset belongs. Recoverable amount is the higher of fair value less costs to sell and value in use. In assessing value in use, the estimated future cash flows are discounted to their present value using a pre-tax discount rate that reflects current market assessments of the time value of money and the risks specific to the asset for which the estimates of future cash flows have not been adjusted. If the recoverable amount of an asset (or cash-generating unit) is estimated to be less than its carrying amount, the carrying amount of the asset (or cash-generating unit) is reduced to its recoverable amount. An impairment loss is recognised immediately in surplus or deficit, unless the relevant asset is carried at a revalued amount, in which case the impairment loss is treated as a revaluation decrease. Recognised impairment losses are reversed if, and only if, the reasons for the impairment loss have ceased to apply. Where an impairment loss subsequently reverses, the carrying amount of the asset (or cash-generating unit) is increased to the revised estimate of its recoverable amount, but so that the increased carrying amount does not exceed the carrying amount that would have been determined had no impairment loss been recognised for the asset (or cash-generating unit) in prior years. A reversal of an impairment loss is recognised immediately in surplus or deficit, unless the relevant asset is carried at a revalued amount, in which case the reversal of the impairment loss is treated as a revaluation increase.

    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 ARDS 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 51 46

FEDERATION OF FAMILY PRACTICES ARDS C.I.C.

Notes to the Financial Statements

for the Period Ended 31 March 2024

3. Tangible assets

Land & buildings Plant & machinery Fixtures & fittings Office equipment Motor vehicles Total
Cost £ £ £ £ £ £
At 1 April 2023 2,966 2,966
Additions
Disposals
Revaluations
Transfers
At 31 March 2024 2,966 2,966
Depreciation
At 1 April 2023 2,027 2,027
Charge for year 312 312
On disposals
Other adjustments
At 31 March 2024 2,339 2,339
Net book value
At 31 March 2024 627 627
At 31 March 2023 939 939

FEDERATION OF FAMILY PRACTICES ARDS C.I.C.

Notes to the Financial Statements

for the Period Ended 31 March 2024

4. Debtors

2024 2023
£ £
Other debtors 91,801 6,453
Total 91,801 6,453

FEDERATION OF FAMILY PRACTICES ARDS C.I.C.

Notes to the Financial Statements

for the Period Ended 31 March 2024

5. Creditors: amounts falling due within one year note

2024 2023
£ £
Other creditors 230,567 156,136
Total 230,567 156,136

FEDERATION OF FAMILY PRACTICES ARDS C.I.C.

Notes to the Financial Statements

for the Period Ended 31 March 2024

6. 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 ARDS C.I.C.

Company Number: NI626624 (Northern Ireland)

Year Ending: 31 March 2024

Company activities and impact

The Federation of Family Practices Ards C.I.C. has now completed their ninth period of account. They have obtained area wide coverage of the support of practices within the Ards Area. They have received funding from SPPG and SEHSCT. 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 General Practice Pharmacists, Senior Mental Health Practitioners and General Nurse Practitioner services in General Practice. The projects fundamentally benefit patient care in the community. SEHSCT funding has been received for delivery of a pain clinic service.

Consultation with stakeholders

The stakeholders are the members and their associated general practice surgeries. They hold regular board meetings where the members are informed of all activities and will be consulted on other matters before any major decision has been made.

Directors' remuneration

The accounts detail directors’ remuneration in the year of £113,580. 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
28 November 2024

And signed on behalf of the board by:
Name: Dr R Ferris
Status: Director