GP FEDERATION SUPPORT UNIT C.I.C.

Company Registration Number:
NI632026 (Northern Ireland)

Unaudited statutory accounts for the year ended 31 March 2025

Period of accounts

Start date: 1 April 2024

End date: 31 March 2025

GP FEDERATION SUPPORT UNIT C.I.C.

Contents of the Financial Statements

for the Period Ended 31 March 2025

Balance sheet
Additional notes
Balance sheet notes
Community Interest Report

GP FEDERATION SUPPORT UNIT C.I.C.

Balance sheet

As at 31 March 2025

Notes 2025 2024


£
£
Fixed assets
Intangible assets: 3 3,470 4,627
Tangible assets: 4 18,816 20,325
Investments: 5 3 3
Total fixed assets: 22,289 24,955
Current assets
Debtors: 6 2,312,264 1,256,650
Cash at bank and in hand: 262,491 891,685
Total current assets: 2,574,755 2,148,335
Creditors: amounts falling due within one year: 7 ( 2,352,105 ) ( 1,768,693 )
Net current assets (liabilities): 222,650 379,642
Total assets less current liabilities: 244,939 404,597
Total net assets (liabilities): 244,939 404,597
Capital and reserves
Called up share capital: 8 8
Profit and loss account: 244,931 404,589
Total Shareholders' funds: 244,939 404,597

The notes form part of these financial statements

GP FEDERATION SUPPORT UNIT C.I.C.

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.

This report was approved by the board of directors on 12 November 2025
and signed on behalf of the board by:

Name: Dr J L Gilpin
Status: Director

The notes form part of these financial statements

GP FEDERATION SUPPORT UNIT C.I.C.

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 GP Federation Support Unit C.I.C. is mainly public money provided through statutory bodies such as SPPG. Funding is provided to support specific projects within the local geographical area occupied by the Federations and their members. 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.

    Tangible fixed assets depreciation policy

    Leasehold improvements: 25% reducing balance Fixtures and fittings: 25% reducing balance

    Intangible fixed assets amortisation policy

    Intangible assets acquired separately from a business are recognised at cost and are subsequently measured at cost less accumulated amortisation and accumulated impairment losses. Intangible assets acquired on business combinations are recognised separately from goodwill at the acquisition date if the fair value can be measured reliably.

    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 GP Federation Support Unit C.I.C. 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. No corporation tax is due on surplus' arising from publicly funded projects. Corporation tax is due & payable on profits arising from any operating trade. 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.

GP FEDERATION SUPPORT UNIT C.I.C.

Notes to the Financial Statements

for the Period Ended 31 March 2025

  • 2. Employees

    2025 2024
    Average number of employees during the period 153 247

GP FEDERATION SUPPORT UNIT C.I.C.

Notes to the Financial Statements

for the Period Ended 31 March 2025

3. Intangible assets

Goodwill Other Total
Cost £ £ £
At 1 April 2024 24,000 24,000
Additions
Disposals
Revaluations
Transfers
At 31 March 2025 24,000 24,000
Amortisation
At 1 April 2024 19,373 19,373
Charge for year 1,157 1,157
On disposals
Other adjustments
At 31 March 2025 20,530 20,530
Net book value
At 31 March 2025 3,470 3,470
At 31 March 2024 4,627 4,627

GP FEDERATION SUPPORT UNIT C.I.C.

Notes to the Financial Statements

for the Period Ended 31 March 2025

4. Tangible assets

Land & buildings Plant & machinery Fixtures & fittings Office equipment Motor vehicles Total
Cost £ £ £ £ £ £
At 1 April 2024 92,225 92,225
Additions 4,872 4,872
Disposals
Revaluations
Transfers
At 31 March 2025 97,097 97,097
Depreciation
At 1 April 2024 71,900 71,900
Charge for year 6,381 6,381
On disposals
Other adjustments
At 31 March 2025 78,281 78,281
Net book value
At 31 March 2025 18,816 18,816
At 31 March 2024 20,325 20,325

GP FEDERATION SUPPORT UNIT C.I.C.

Notes to the Financial Statements

for the Period Ended 31 March 2025

5. Fixed assets investments note

At cach reporting period end date, the company reviews the carrying amounts of its tangible and intangible 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 profit or loss, 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 ccased 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 reeognised immediatcly in profit or loss, unless the relevant assct is carricd at a revalucd amount, in which case the reversal of the impairment loss is treated as a revaluation increase.

GP FEDERATION SUPPORT UNIT C.I.C.

Notes to the Financial Statements

for the Period Ended 31 March 2025

6. Debtors

2025 2024
£ £
Prepayments and accrued income 198,889 52,136
Other debtors 2,113,375 1,204,514
Total 2,312,264 1,256,650

GP FEDERATION SUPPORT UNIT C.I.C.

Notes to the Financial Statements

for the Period Ended 31 March 2025

7. Creditors: amounts falling due within one year note

2025 2024
£ £
Taxation and social security 35,815 105,821
Accruals and deferred income 333,348 257,315
Other creditors 1,982,942 1,405,557
Total 2,352,105 1,768,693

COMMUNITY INTEREST ANNUAL REPORT

GP FEDERATION SUPPORT UNIT C.I.C.

Company Number: NI632026 (Northern Ireland)

Year Ending: 31 March 2025

Company activities and impact

The GP FEDERATION SUPPORT UNIT C.I.C. has now completed their ninth period of account. It was established to provide a number of support services to 8 Federation of Family Practitioners Community Interest Companies established in Northern Ireland and based in the Belfast and South Eastern regions of the province. The Federation of Family Practitioners is a network of GP Practices which have agreed to come together with the aim of providing more efficient and effective delivery of medical and health services to patients throughout Northern Ireland. Support services provided by the GP FEDERATION SUPPORT UNIT C.I.C. to each of the 8 Federations include strategic leadership to the various Federations, recruitment, payroll co-ordination and human resources support, practice based learning event co-ordination, securing funding from the SPPG, development of policies, bookkeeping services, preparation of management accounts, cash flow projections and monitoring. All these services are a vital backbone to the Federation network and help to ensure that the Federations can concentrate on delivering care in the community through improved training and education to our medical staff. To enable the GP FEDERATION SUPPORT UNIT C.I.C. to provide the aforementioned services, it receives management fee and support income from the each of the 8 Federations. This income is utilised to mainly cover the costs of wages and salaries. SPPG provided funding to the Support Unit to run and manage elective care in the community including musculoskeletal, vasectomy, gynaecology and dermatology services. The initiative is the implementation of primary care alternatives to hospital referrals and a key aspect of the elective care transformation work GP Federations are taking forward, in conjunction with the SPPG. The new services will greatly reduce the need for patients to access services within secondary care and thus reduce the current hospital waiting lists. Funding was received by each of the Federations from the SPPG in respect of practice based learning. The Support Unit subsequently received the income from each Federation in order to manage payments to providers of training days and other associated costs such as venue hire and room rental. In addition to the funding received from SPPG, the GP FEDERATION SUPPORT UNIT C.I.C. received funding from private sponsors to cover the cost of practice based learning days. The GP FEDERATION SUPPORT UNIT C.I.C. received funding in the year from the Belfast Trust to cover costs associated with wellbeing hubs including staff salaries, training, rent, computer and administration costs. The Support Unit received funding from SPPG to secure 5.3 FT salaried GPs to assist with the Practice Improvement Crisis Response (PICR) initiative for practices in difficulty and at risk of closing their patient lists. This incorporates: Expert General Practice managerial support at short notice for practices at high risk or in a crisis. Improved access to clinical GP cover at short notice for practices at high risk or in a crisis. An organisational structure to facilitate managed support to GP Practices main role in the Rescue team is to act as a clinical resource to help practices stabilise. During the financial year, the GP FEDERATION SUPPORT UNIT C.I.C. remained a joint shareholders of FSU GP Practice Management CIC holding 2 Ordinary A and 1 Ordinary B shares.

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 £249,330. 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
12 November 2025

And signed on behalf of the board by:
Name: Dr J L Gilpin
Status: Director