Contents of the Financial Statements

for the Period Ended 31 March 2025

Directors report
Balance sheet
Additional notes
Balance sheet notes
Community Interest Report

Directors' report period ended 31 March 2025

The directors present their report with the financial statements of the company for the period ended 31 March 2025

Directors

The directors shown below have held office during the whole of the period from
1 April 2024 to 31 March 2025

Dr M Crawford
Dr N Devlin
Dr H Gallagher
Dr R Gowdy
Dr H Greave
Dr D Magorrian
Dr V McCandless
Dr R McLarnon
Dr D McManus
Dr S Patterson
Dr M Ruddell
Dr R Ryan

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
4 December 2025

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

Balance sheet

As at 31 March 2025

	Notes	2025	2024
		£	£
Fixed assets
Tangible assets:	3	0	1,853
Total fixed assets:		0	1,853
Current assets
Debtors:	4	173	49,992
Cash at bank and in hand:		263,956	202,377
Total current assets:		264,129	252,369
Creditors: amounts falling due within one year:	5	( 77,315 )	( 111,167 )
Net current assets (liabilities):		186,814	141,202
Total assets less current liabilities:		186,814	143,055
Total net assets (liabilities):		186,814	143,055
Members' funds
Profit and loss account:		186,814	143,055
Total members' funds:		186,814	143,055

The notes form part of these financial statements

Balance sheet statements

For the year ending 31 March 2025 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.

The notes form part of these financial statements

Notes to the Financial Statements

for the Period Ended 31 March 2025

• 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

  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

  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 #tErm3. 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.

Notes to the Financial Statements

for the Period Ended 31 March 2025

• 2. Employees

  	2025	2024
  Average number of employees during the period	39	35