PATIENTSCANN UK CIC

Company Registration Number:
14211389 (England and Wales)

Unaudited statutory accounts for the year ended 31 July 2024

Period of accounts

Start date: 1 August 2023

End date: 31 July 2024

PATIENTSCANN UK CIC

Contents of the Financial Statements

for the Period Ended 31 July 2024

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

PATIENTSCANN UK CIC

Profit And Loss Account

for the Period Ended 31 July 2024

2024 13 months to 31 July 2023


£

£
Turnover: 13,494 0
Cost of sales: 0 0
Gross profit(or loss): 13,494 0
Distribution costs: 0 0
Administrative expenses: ( 13,447 ) 0
Other operating income: 0 0
Operating profit(or loss): 47 0
Interest receivable and similar income: 0 0
Interest payable and similar charges: 0 0
Profit(or loss) before tax: 47 0
Tax: 0 0
Profit(or loss) for the financial year: 47 0

PATIENTSCANN UK CIC

Balance sheet

As at 31 July 2024

Notes 2024 13 months to 31 July 2023


£

£
Called up share capital not paid: 0 0
Fixed assets
Intangible assets:   0 0
Tangible assets:   0 0
Investments:   0 0
Total fixed assets: 0 0
Current assets
Stocks: 3 1 1
Debtors:   0 0
Cash at bank and in hand: 47 0
Investments:   0 0
Total current assets: 48 1
Prepayments and accrued income: 0 0
Creditors: amounts falling due within one year:   0 0
Net current assets (liabilities): 48 1
Total assets less current liabilities: 48 1
Creditors: amounts falling due after more than one year:   0 0
Provision for liabilities: 0 0
Accruals and deferred income: 0 0
Total net assets (liabilities): 48 1
Capital and reserves
Called up share capital: 1 1
Share premium account: 0 0
Other reserves: 0 0
Profit and loss account: 47 0
Total Shareholders' funds: 48 1

The notes form part of these financial statements

PATIENTSCANN UK CIC

Balance sheet statements

For the year ending 31 July 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.

This report was approved by the board of directors on 1 April 2025
and signed on behalf of the board by:

Name: Mohammad Wasway
Status: Director

The notes form part of these financial statements

PATIENTSCANN UK CIC

Notes to the Financial Statements

for the Period Ended 31 July 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

    Turnover Policy for PatientsCann UK CIC 1. Purpose The purpose of this policy is to ensure that all income, including donations, sponsorships, grants, and any other sources of revenue, is accurately recorded, reported, and managed in line with the organisation's objectives and regulatory requirements. This policy aims to maintain transparency and accountability in all financial dealings. 2. Definition of Turnover Turnover refers to the total income generated by the organisation during a financial period. This includes: Donations: Contributions made by individuals or organisations to support the CIC’s activities. Sponsorships: Funds received from companies or entities in exchange for promotional or partnership benefits. Grants: Funds provided by government bodies, trusts, or foundations to support the organisation’s mission. Other Income: Any other forms of income received by the organisation that are not directly related to the sale of goods or services (e.g., fundraising events, investments). 3. Recognition of Income Income will be recognised in the period in which it is received or when there is reasonable assurance that it will be received. All income will be recognised according to the following principles: Donations and Sponsorships will be recognised when the funds are received or pledged with a binding agreement. Grants will be recognised when the conditions of the grant agreement are met and when the funds are received. Income from Fundraising Activities will be recognised when the event occurs, and the income is secured. 4. Recording and Reporting of Turnover All income received will be recorded in the organisation's financial records, with appropriate supporting documentation. The following steps will be followed: Income will be recorded in the Income and Expenditure accounts. Any restrictions on the use of income (e.g., restricted grants or donations) will be clearly documented and accounted for separately. Sponsorship and donation income will be recorded under "Other Operating Income" in the Profit and Loss Account, in accordance with applicable accounting standards. 5. Transparency and Accountability To ensure transparency and accountability in the management of turnover: Detailed records of all income sources will be maintained. Financial statements, including a breakdown of turnover, will be made available to stakeholders as required by law and the organisation’s governing documents. Internal audits will be conducted periodically to ensure compliance with the turnover policy and identify any discrepancies or areas for improvement. 6. Use of Funds Income from donations, sponsorships, grants, and other sources will be used in accordance with the organisation's objectives and any restrictions imposed by the donors, sponsors, or grant providers. All funds will be used in a manner that supports the mission of the CIC and benefits the community. 7. Periodic Review This policy will be reviewed annually by the Board of Directors to ensure its continued relevance and effectiveness. Any changes to the policy will be communicated to all staff and volunteers. 8. Compliance This policy complies with relevant accounting standards and regulations governing the operation of Community Interest Companies, including the Companies (Audit, Investigations and Community Interest Company) Regulations 2009 and applicable Charity Commission guidelines. Sign-off This policy is approved and adopted by the Board of Directors of PatientsCann UK CIC as of 04/07/2024. Signed by: Mohammad Wasway Managing Director 04/07/2024

PATIENTSCANN UK CIC

Notes to the Financial Statements

for the Period Ended 31 July 2024

  • 2. Employees

    2024 13 months to 31 July 2023
    Average number of employees during the period 0 0

PATIENTSCANN UK CIC

Notes to the Financial Statements

for the Period Ended 31 July 2024

3. Stocks

2024 13 months to 31 July 2023
£ £
Stocks 1 1
Payments on account 0 0
Total 1 1

PATIENTSCANN UK CIC

Notes to the Financial Statements

for the Period Ended 31 July 2024

4. Loans to directors

During the financial year, no loans or advances were made to any directors of the company. As of the reporting date, there are no outstanding loans or amounts due from directors.

COMMUNITY INTEREST ANNUAL REPORT

PATIENTSCANN UK CIC

Company Number: 14211389 (England and Wales)

Year Ending: 31 July 2024

Company activities and impact

PatientsCann UK is a patient-led not-for-profit medical cannabis education platform dedicated to advancing the medical cannabis industry through education and engagement. During the financial year August 2023 to July 2024, the organisation's activities have benefited the community in the following ways: - started a nationwide campaign, hosting events at 7 different locations across England and supporting hundreds of local residents better understand access to prescription cannabis in the UK. - published guidance documents alongside reputable organisations and advocates, supporting the rights of patients prescribed cannabis in areas such as driving and employment. - developed online resources for patients prescribed cannabis better navigate their treatment and social life.

Consultation with stakeholders

No consultation with stakeholders

Directors' remuneration

The total amount paid to directors in respect of qualifying services during the financial year was £2,085.68, comprising £1,680 for remuneration of paid services and £405.68 for additional expenses. No other transactions or arrangements.

Transfer of assets

No transfer of assets other than for full consideration

This report was approved by the board of directors on
31 March 2025

And signed on behalf of the board by:
Name: Mohammad Wasway
Status: Director