Registration number: 08321886
Healthwatch Isles of Scilly
Annual Report and Unaudited Financial Statements
for the Year Ended 31 March 2024
Mrs Rachel Keeley Accountant Carriacou Pilots Retreat St. Mary's Isles of Scilly TR21 0PB
Healthwatch Isles of Scilly
Contents
| Company Information | 1 | |
|---|---|---|
| Directors' Report | 2 | |
| Accountants' Report | 3 | |
| Profit and Loss Account | 4 | |
| Balance Sheet | 5 | |
| Notes to the Unaudited Financial Statements | 6 | to 8 |
| Detailed Profit and Loss Account | 9 to 10 |
Healthwatch Isles of Scilly
Company Information
Directors Christopher Reginald Douglas Jane Winifred Hurd Paul Henry Charnock Timothy David Jones Stephen Philip Manning Registered office Unit 1 Gleanor House Buzza Street St Mary's Isles of Scilly TR21 0HW Accountants Mrs Rachel Keeley Accountant Carriacou Pilots Retreat St. Mary's Isles of Scilly TR21 0PB
Page 1
Healthwatch Isles of Scilly
Directors' Report for the Year Ended 31 March 2024
The directors present their report and the financial statements for the year ended 31 March 2024.
Directors of the company
The directors who held office during the year were as follows:
Christopher Reginald Douglas
Jane Winifred Hurd
Paul Henry Charnock Timothy David Jones Stephen Philip Manning
Penelope Penn-Howard (ceased 22 May 2023)
Principal activity
The principal activity of the company is to help local people get the best out of their local health and social care services.
Small companies provision statement
This report has been prepared in accordance with the special provisions relating to companies subject to the small companies regime within Part 15 of the Companies Act 2006.
Approved and authorised by the Board on .................... and signed on its behalf by:
......................................... Stephen Philip Manning Director
Page 2
Accountants' Report to the Board of Directors on the Preparation of the Unaudited Statutory Accounts of Healthwatch Isles of Scilly for the Year Ended 31 March 2024
In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the accounts of Healthwatch Isles of Scilly for the year ended 31 March 2024 as set out on pages 4 to 8 from the company's accounting records and from information and explanations you have given us.
This report is made solely to the Board of Directors of Healthwatch Isles of Scilly, as a body, in accordance with the terms of our engagement letter. Our work has been undertaken solely to prepare for your approval the accounts of Healthwatch Isles of Scilly and state those matters that we have agreed to state to the Board of Directors of Healthwatch Isles of Scilly. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than Healthwatch Isles of Scilly and its Board of Directors as a body for our work or for this report.
It is your duty to ensure that Healthwatch Isles of Scilly has kept adequate accounting records and to prepare statutory accounts that give a true and fair view of the assets, liabilities, financial position and loss of Healthwatch Isles of Scilly. You consider that Healthwatch Isles of Scilly is exempt from the statutory audit requirement for the year.
We have not been instructed to carry out an audit or a review of the accounts of Healthwatch Isles of Scilly. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory accounts.
......................................
Mrs Rachel Keeley Accountant Carriacou Pilots Retreat St. Mary's Isles of Scilly TR21 0PB Date:.............................
Page 3
Healthwatch Isles of Scilly
Profit and Loss Account for the Year Ended 31 March 2024
| 2024 | 2023 | |||
|---|---|---|---|---|
| Note | £ | £ | ||
| Turnover | 48,875 | 47,811 | ||
| Gross profit | 48,875 | 47,811 | ||
| Administrative expenses | (52,508) | (46,617) | ||
| Operating (loss)/profit | (3,633) | 1,194 | ||
| (Loss)/profit before tax | (3,633) | 1,194 | ||
| (Loss)/profit for the financial year | (3,633) | 1,194 |
The above results were derived from continuing operations.
The company has no recognised gains or losses for the year other than the results above.
The notes on pages 6 to 8 form an integral part of these financial statements. Page 4
Healthwatch Isles of Scilly
(Registration number: 08321886) Balance Sheet as at 31 March 2024
| 2024 | 2023 | |||
|---|---|---|---|---|
| Note | £ | £ | ||
| Current assets | ||||
| Debtors | 5 | 972 | 978 | |
| Cash at bank and in hand | 17,392 | 22,344 | ||
| 18,364 | 23,322 | |||
| Creditors: Amounts falling due within one year | 6 | (976) | (2,301) | |
| Net assets | 17,388 | 21,021 | ||
| Capital and reserves | ||||
| Retained earnings | 17,388 | 21,021 | ||
| Shareholders' funds | 17,388 | 21,021 |
For the financial year ending 31 March 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
Directors' responsibilities:
-
The members have not required the company to obtain an audit of its accounts for the year in question in accordance with section 476; and
-
The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies regime and FRS 102 ‘The Financial Reporting Standard Applicable in the UK and Republic of Ireland’.
Approved and authorised by the Board on .................... and signed on its behalf by:
......................................... Stephen Philip Manning Director
The notes on pages 6 to 8 form an integral part of these financial statements. Page 5
Healthwatch Isles of Scilly
Notes to the Unaudited Financial Statements for the Year Ended 31 March 2024
1 General information
The company is a private company limited by share capital, incorporated in England and Wales.
The address of its registered office is: Unit 1 Gleanor House Buzza Street St Mary's Isles of Scilly TR21 0HW
These financial statements were authorised for issue by the Board on ........... .
2 Accounting policies
Summary of significant accounting policies and key accounting estimates
The principal accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all the years presented, unless otherwise stated.
Statement of compliance
These financial statements have been prepared in accordance with Financial Reporting Standard 102 Section 1A smaller entities - 'The Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland' and the Companies Act 2006 (as applicable to companies subject to the small companies' regime).
Basis of preparation
These financial statements have been prepared using the historical cost convention except that as disclosed in the accounting policies certain items are shown at fair value.
Revenue recognition
Turnover comprises the fair value of the consideration received or receivable for the sale of goods and provision of services in the ordinary course of the company’s activities. Turnover is shown net of sales/value added tax, returns, rebates and discounts.
The company recognises revenue when:
The amount of revenue can be reliably measured; it is probable that future economic benefits will flow to the entity; and specific criteria have been met for each of the company's activities.
Tangible assets
Tangible assets are stated in the balance sheet at cost, less any subsequent accumulated depreciation and subsequent accumulated impairment losses.
The cost of tangible assets includes directly attributable incremental costs incurred in their acquisition and installation.
Depreciation
The Depreciation policy is to write off all capital expenses in the year they occurred.
Asset class Depreciation method and rate Computer equipment 100% in year Office equipment 100% in year
Page 6
Healthwatch Isles of Scilly
Notes to the Unaudited Financial Statements for the Year Ended 31 March 2024
Cash and cash equivalents
Cash and cash equivalents comprise cash on hand and call deposits, and other short-term highly liquid investments that are readily convertible to a known amount of cash and are subject to an insignificant risk of change in value.
Trade debtors
Trade debtors are amounts due from customers for merchandise sold or services performed in the ordinary course of business.
Trade debtors are recognised initially at the transaction price. They are subsequently measured at amortised cost using the effective interest method, less provision for impairment. A provision for the impairment of trade debtors is established when there is objective evidence that the company will not be able to collect all amounts due according to the original terms of the receivables.
Trade creditors
Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. Accounts payable are classified as current liabilities if the company does not have an unconditional right, at the end of the reporting period, to defer settlement of the creditor for at least twelve months after the reporting date. If there is an unconditional right to defer settlement for at least twelve months after the reporting date, they are presented as non-current liabilities.
Trade creditors are recognised initially at the transaction price and subsequently measured at amortised cost using the effective interest method.
Defined contribution pension obligation
A defined contribution plan is a pension plan under which fixed contributions are paid into a pension fund and the company has no legal or constructive obligation to pay further contributions even if the fund does not hold sufficient assets to pay all employees the benefits relating to employee service in the current and prior periods.
Contributions to defined contribution plans are recognised as employee benefit expense when they are due. If contribution payments exceed the contribution due for service, the excess is recognised as a prepayment.
3 Staff numbers
The average number of persons employed by the company (including directors) during the year, was 2 (2023 - 2).
Page 7
Healthwatch Isles of Scilly
Notes to the Unaudited Financial Statements for the Year Ended 31 March 2024
4 Tangible assets
| Furniture, | Furniture, | Furniture, | |||||||
|---|---|---|---|---|---|---|---|---|---|
| fittings and | |||||||||
| equipment | Total | ||||||||
| £ | £ | ||||||||
| Cost or valuation | |||||||||
| At | 1 April 2023 | 10,161 | 10,161 | ||||||
| At | 31 March 2024 | 10,161 | 10,161 | ||||||
| Depreciation | |||||||||
| At | 1 April 2023 | 10,161 | 10,161 | ||||||
| At | 31 March 2024 | 10,161 | 10,161 | ||||||
| Carrying amount | |||||||||
| At | 31 March 2024 | - | - | ||||||
| 5 | Debtors | ||||||||
| 2024 | 2023 | ||||||||
| Current | £ | £ | |||||||
| Prepayments | 972 | 978 | |||||||
| 972 | 978 | ||||||||
| 6 | Creditors | ||||||||
| Creditors: amounts falling due within one year | |||||||||
| 2024 | 2023 | ||||||||
| £ | £ | ||||||||
| Due within one year | |||||||||
| Other creditors | 976 | 2,301 | |||||||
Page 8
Healthwatch Isles of Scilly
Detailed Profit and Loss Account for the Year Ended 31 March 2024
| 2024 | 2023 | ||
|---|---|---|---|
| £ | £ | ||
| Turnover (analysed below) | 48,875 | 47,811 | |
| Gross profit (%) | 100% | 100% | |
| Administrative expenses | |||
| Employment costs (analysed below) | (36,770) | (32,478) | |
| Establishment costs (analysed below) | (3,728) | (3,810) | |
| General administrative expenses (analysed below) | (12,010) | (10,329) | |
| (52,508) | (46,617) | ||
| Operating (loss)/profit | (3,633) | 1,194 | |
| (Loss)/profit before tax | (3,633) | 1,194 |
This page does not form part of the statutory financial statements. Page 9
Healthwatch Isles of Scilly
Detailed Profit and Loss Account for the Year Ended 31 March 2024
| 2024 | 2023 | ||
|---|---|---|---|
| £ | £ | ||
| Turnover | |||
| Grants and subsidies | 48,875 | 47,811 | |
| Employment costs | |||
| Wages and salaries (excluding directors) | (35,699) | (31,532) | |
| Staff pensions (Defined contribution) | (1,071) | (946) | |
| (36,770) | (32,478) | ||
| Establishment costs | |||
| Rent and rates | (3,120) | (3,120) | |
| Light, heat and power | (608) | (690) | |
| (3,728) | (3,810) | ||
| General administrative expenses | |||
| Telephone and fax | (678) | (856) | |
| Repairs and maintenance | (326) | (1,915) | |
| Printing, postage and stationery | (472) | (241) | |
| Sundry expenses | (164) | (493) | |
| Travel and subsistence | (45) | (2,989) | |
| Promotional & survey costs | (2,948) | (231) | |
| Advertising | (643) | (1,379) | |
| Accountancy fees | (755) | (818) | |
| Professional indemnity insurance | (784) | (729) | |
| Legal and professional fees | (5,195) | (678) | |
| (12,010) | (10,329) |
This page does not form part of the statutory financial statements. Page 10
Registration number: 08321886
Healthwatch Isles of Scilly
Annual Report and Unaudited Financial Statements
for the Year Ended 31 March 2024
Mrs Rachel Keeley Accountant Carriacou Pilots Retreat St. Mary's Isles of Scilly TR21 0PB
Healthwatch Isles of Scilly
Contents
| Company Information | 1 | |
|---|---|---|
| Directors' Report | 2 | |
| Accountants' Report | 3 | |
| Profit and Loss Account | 4 | |
| Balance Sheet | 5 | |
| Notes to the Unaudited Financial Statements | 6 | to 8 |
| Detailed Profit and Loss Account | 9 to 10 |
Healthwatch Isles of Scilly
Company Information
Directors Christopher Reginald Douglas Jane Winifred Hurd Paul Henry Charnock Timothy David Jones Stephen Philip Manning Registered office Unit 1 Gleanor House Buzza Street St Mary's Isles of Scilly TR21 0HW Accountants Mrs Rachel Keeley Accountant Carriacou Pilots Retreat St. Mary's Isles of Scilly TR21 0PB
Page 1
Healthwatch Isles of Scilly
Directors' Report for the Year Ended 31 March 2024
The directors present their report and the financial statements for the year ended 31 March 2024.
Directors of the company
The directors who held office during the year were as follows:
Christopher Reginald Douglas
Jane Winifred Hurd
Paul Henry Charnock Timothy David Jones Stephen Philip Manning
Penelope Penn-Howard (ceased 22 May 2023)
Principal activity
The principal activity of the company is to help local people get the best out of their local health and social care services.
Small companies provision statement
This report has been prepared in accordance with the special provisions relating to companies subject to the small companies regime within Part 15 of the Companies Act 2006.
Approved and authorised by the Board on .................... and signed on its behalf by:
......................................... Stephen Philip Manning Director
Page 2
Accountants' Report to the Board of Directors on the Preparation of the Unaudited Statutory Accounts of Healthwatch Isles of Scilly for the Year Ended 31 March 2024
In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the accounts of Healthwatch Isles of Scilly for the year ended 31 March 2024 as set out on pages 4 to 8 from the company's accounting records and from information and explanations you have given us.
This report is made solely to the Board of Directors of Healthwatch Isles of Scilly, as a body, in accordance with the terms of our engagement letter. Our work has been undertaken solely to prepare for your approval the accounts of Healthwatch Isles of Scilly and state those matters that we have agreed to state to the Board of Directors of Healthwatch Isles of Scilly. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than Healthwatch Isles of Scilly and its Board of Directors as a body for our work or for this report.
It is your duty to ensure that Healthwatch Isles of Scilly has kept adequate accounting records and to prepare statutory accounts that give a true and fair view of the assets, liabilities, financial position and loss of Healthwatch Isles of Scilly. You consider that Healthwatch Isles of Scilly is exempt from the statutory audit requirement for the year.
We have not been instructed to carry out an audit or a review of the accounts of Healthwatch Isles of Scilly. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory accounts.
......................................
Mrs Rachel Keeley Accountant Carriacou Pilots Retreat St. Mary's Isles of Scilly TR21 0PB Date:.............................
Page 3
Healthwatch Isles of Scilly
Profit and Loss Account for the Year Ended 31 March 2024
| 2024 | 2023 | |||
|---|---|---|---|---|
| Note | £ | £ | ||
| Turnover | 48,875 | 47,811 | ||
| Gross profit | 48,875 | 47,811 | ||
| Administrative expenses | (52,508) | (46,617) | ||
| Operating (loss)/profit | (3,633) | 1,194 | ||
| (Loss)/profit before tax | (3,633) | 1,194 | ||
| (Loss)/profit for the financial year | (3,633) | 1,194 |
The above results were derived from continuing operations.
The company has no recognised gains or losses for the year other than the results above.
The notes on pages 6 to 8 form an integral part of these financial statements. Page 4
Healthwatch Isles of Scilly
(Registration number: 08321886) Balance Sheet as at 31 March 2024
| 2024 | 2023 | |||
|---|---|---|---|---|
| Note | £ | £ | ||
| Current assets | ||||
| Debtors | 5 | 972 | 978 | |
| Cash at bank and in hand | 17,392 | 22,344 | ||
| 18,364 | 23,322 | |||
| Creditors: Amounts falling due within one year | 6 | (976) | (2,301) | |
| Net assets | 17,388 | 21,021 | ||
| Capital and reserves | ||||
| Retained earnings | 17,388 | 21,021 | ||
| Shareholders' funds | 17,388 | 21,021 |
For the financial year ending 31 March 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
Directors' responsibilities:
-
The members have not required the company to obtain an audit of its accounts for the year in question in accordance with section 476; and
-
The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies regime and FRS 102 ‘The Financial Reporting Standard Applicable in the UK and Republic of Ireland’.
Approved and authorised by the Board on .................... and signed on its behalf by:
......................................... Stephen Philip Manning Director
The notes on pages 6 to 8 form an integral part of these financial statements. Page 5
Healthwatch Isles of Scilly
Notes to the Unaudited Financial Statements for the Year Ended 31 March 2024
1 General information
The company is a private company limited by share capital, incorporated in England and Wales.
The address of its registered office is: Unit 1 Gleanor House Buzza Street St Mary's Isles of Scilly TR21 0HW
These financial statements were authorised for issue by the Board on ........... .
2 Accounting policies
Summary of significant accounting policies and key accounting estimates
The principal accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all the years presented, unless otherwise stated.
Statement of compliance
These financial statements have been prepared in accordance with Financial Reporting Standard 102 Section 1A smaller entities - 'The Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland' and the Companies Act 2006 (as applicable to companies subject to the small companies' regime).
Basis of preparation
These financial statements have been prepared using the historical cost convention except that as disclosed in the accounting policies certain items are shown at fair value.
Revenue recognition
Turnover comprises the fair value of the consideration received or receivable for the sale of goods and provision of services in the ordinary course of the company’s activities. Turnover is shown net of sales/value added tax, returns, rebates and discounts.
The company recognises revenue when:
The amount of revenue can be reliably measured; it is probable that future economic benefits will flow to the entity; and specific criteria have been met for each of the company's activities.
Tangible assets
Tangible assets are stated in the balance sheet at cost, less any subsequent accumulated depreciation and subsequent accumulated impairment losses.
The cost of tangible assets includes directly attributable incremental costs incurred in their acquisition and installation.
Depreciation
The Depreciation policy is to write off all capital expenses in the year they occurred.
Asset class Depreciation method and rate Computer equipment 100% in year Office equipment 100% in year
Page 6
Healthwatch Isles of Scilly
Notes to the Unaudited Financial Statements for the Year Ended 31 March 2024
Cash and cash equivalents
Cash and cash equivalents comprise cash on hand and call deposits, and other short-term highly liquid investments that are readily convertible to a known amount of cash and are subject to an insignificant risk of change in value.
Trade debtors
Trade debtors are amounts due from customers for merchandise sold or services performed in the ordinary course of business.
Trade debtors are recognised initially at the transaction price. They are subsequently measured at amortised cost using the effective interest method, less provision for impairment. A provision for the impairment of trade debtors is established when there is objective evidence that the company will not be able to collect all amounts due according to the original terms of the receivables.
Trade creditors
Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. Accounts payable are classified as current liabilities if the company does not have an unconditional right, at the end of the reporting period, to defer settlement of the creditor for at least twelve months after the reporting date. If there is an unconditional right to defer settlement for at least twelve months after the reporting date, they are presented as non-current liabilities.
Trade creditors are recognised initially at the transaction price and subsequently measured at amortised cost using the effective interest method.
Defined contribution pension obligation
A defined contribution plan is a pension plan under which fixed contributions are paid into a pension fund and the company has no legal or constructive obligation to pay further contributions even if the fund does not hold sufficient assets to pay all employees the benefits relating to employee service in the current and prior periods.
Contributions to defined contribution plans are recognised as employee benefit expense when they are due. If contribution payments exceed the contribution due for service, the excess is recognised as a prepayment.
3 Staff numbers
The average number of persons employed by the company (including directors) during the year, was 2 (2023 - 2).
Page 7
Healthwatch Isles of Scilly
Notes to the Unaudited Financial Statements for the Year Ended 31 March 2024
4 Tangible assets
| Furniture, | Furniture, | Furniture, | |||||||
|---|---|---|---|---|---|---|---|---|---|
| fittings and | |||||||||
| equipment | Total | ||||||||
| £ | £ | ||||||||
| Cost or valuation | |||||||||
| At | 1 April 2023 | 10,161 | 10,161 | ||||||
| At | 31 March 2024 | 10,161 | 10,161 | ||||||
| Depreciation | |||||||||
| At | 1 April 2023 | 10,161 | 10,161 | ||||||
| At | 31 March 2024 | 10,161 | 10,161 | ||||||
| Carrying amount | |||||||||
| At | 31 March 2024 | - | - | ||||||
| 5 | Debtors | ||||||||
| 2024 | 2023 | ||||||||
| Current | £ | £ | |||||||
| Prepayments | 972 | 978 | |||||||
| 972 | 978 | ||||||||
| 6 | Creditors | ||||||||
| Creditors: amounts falling due within one year | |||||||||
| 2024 | 2023 | ||||||||
| £ | £ | ||||||||
| Due within one year | |||||||||
| Other creditors | 976 | 2,301 | |||||||
Page 8
Healthwatch Isles of Scilly
Detailed Profit and Loss Account for the Year Ended 31 March 2024
| 2024 | 2023 | ||
|---|---|---|---|
| £ | £ | ||
| Turnover (analysed below) | 48,875 | 47,811 | |
| Gross profit (%) | 100% | 100% | |
| Administrative expenses | |||
| Employment costs (analysed below) | (36,770) | (32,478) | |
| Establishment costs (analysed below) | (3,728) | (3,810) | |
| General administrative expenses (analysed below) | (12,010) | (10,329) | |
| (52,508) | (46,617) | ||
| Operating (loss)/profit | (3,633) | 1,194 | |
| (Loss)/profit before tax | (3,633) | 1,194 |
This page does not form part of the statutory financial statements. Page 9
Healthwatch Isles of Scilly
Detailed Profit and Loss Account for the Year Ended 31 March 2024
| 2024 | 2023 | ||
|---|---|---|---|
| £ | £ | ||
| Turnover | |||
| Grants and subsidies | 48,875 | 47,811 | |
| Employment costs | |||
| Wages and salaries (excluding directors) | (35,699) | (31,532) | |
| Staff pensions (Defined contribution) | (1,071) | (946) | |
| (36,770) | (32,478) | ||
| Establishment costs | |||
| Rent and rates | (3,120) | (3,120) | |
| Light, heat and power | (608) | (690) | |
| (3,728) | (3,810) | ||
| General administrative expenses | |||
| Telephone and fax | (678) | (856) | |
| Repairs and maintenance | (326) | (1,915) | |
| Printing, postage and stationery | (472) | (241) | |
| Sundry expenses | (164) | (493) | |
| Travel and subsistence | (45) | (2,989) | |
| Promotional & survey costs | (2,948) | (231) | |
| Advertising | (643) | (1,379) | |
| Accountancy fees | (755) | (818) | |
| Professional indemnity insurance | (784) | (729) | |
| Legal and professional fees | (5,195) | (678) | |
| (12,010) | (10,329) |
This page does not form part of the statutory financial statements. Page 10
Registration number: 08321886
Healthwatch Isles of Scilly
Annual Report and Unaudited Financial Statements
for the Year Ended 31 March 2024
Mrs Rachel Keeley Accountant Carriacou Pilots Retreat St. Mary's Isles of Scilly TR21 0PB
Healthwatch Isles of Scilly
Contents
| Company Information | 1 | |
|---|---|---|
| Directors' Report | 2 | |
| Accountants' Report | 3 | |
| Profit and Loss Account | 4 | |
| Balance Sheet | 5 | |
| Notes to the Unaudited Financial Statements | 6 | to 8 |
| Detailed Profit and Loss Account | 9 to 10 |
Healthwatch Isles of Scilly
Company Information
Directors Christopher Reginald Douglas Jane Winifred Hurd Paul Henry Charnock Timothy David Jones Stephen Philip Manning Registered office Unit 1 Gleanor House Buzza Street St Mary's Isles of Scilly TR21 0HW Accountants Mrs Rachel Keeley Accountant Carriacou Pilots Retreat St. Mary's Isles of Scilly TR21 0PB
Page 1
Healthwatch Isles of Scilly
Directors' Report for the Year Ended 31 March 2024
The directors present their report and the financial statements for the year ended 31 March 2024.
Directors of the company
The directors who held office during the year were as follows:
Christopher Reginald Douglas
Jane Winifred Hurd
Paul Henry Charnock Timothy David Jones Stephen Philip Manning
Penelope Penn-Howard (ceased 22 May 2023)
Principal activity
The principal activity of the company is to help local people get the best out of their local health and social care services.
Small companies provision statement
This report has been prepared in accordance with the special provisions relating to companies subject to the small companies regime within Part 15 of the Companies Act 2006.
Approved and authorised by the Board on .................... and signed on its behalf by:
......................................... Stephen Philip Manning Director
Page 2
Accountants' Report to the Board of Directors on the Preparation of the Unaudited Statutory Accounts of Healthwatch Isles of Scilly for the Year Ended 31 March 2024
In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the accounts of Healthwatch Isles of Scilly for the year ended 31 March 2024 as set out on pages 4 to 8 from the company's accounting records and from information and explanations you have given us.
This report is made solely to the Board of Directors of Healthwatch Isles of Scilly, as a body, in accordance with the terms of our engagement letter. Our work has been undertaken solely to prepare for your approval the accounts of Healthwatch Isles of Scilly and state those matters that we have agreed to state to the Board of Directors of Healthwatch Isles of Scilly. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than Healthwatch Isles of Scilly and its Board of Directors as a body for our work or for this report.
It is your duty to ensure that Healthwatch Isles of Scilly has kept adequate accounting records and to prepare statutory accounts that give a true and fair view of the assets, liabilities, financial position and loss of Healthwatch Isles of Scilly. You consider that Healthwatch Isles of Scilly is exempt from the statutory audit requirement for the year.
We have not been instructed to carry out an audit or a review of the accounts of Healthwatch Isles of Scilly. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory accounts.
......................................
Mrs Rachel Keeley Accountant Carriacou Pilots Retreat St. Mary's Isles of Scilly TR21 0PB Date:.............................
Page 3
Healthwatch Isles of Scilly
Profit and Loss Account for the Year Ended 31 March 2024
| 2024 | 2023 | |||
|---|---|---|---|---|
| Note | £ | £ | ||
| Turnover | 48,875 | 47,811 | ||
| Gross profit | 48,875 | 47,811 | ||
| Administrative expenses | (52,508) | (46,617) | ||
| Operating (loss)/profit | (3,633) | 1,194 | ||
| (Loss)/profit before tax | (3,633) | 1,194 | ||
| (Loss)/profit for the financial year | (3,633) | 1,194 |
The above results were derived from continuing operations.
The company has no recognised gains or losses for the year other than the results above.
The notes on pages 6 to 8 form an integral part of these financial statements. Page 4
Healthwatch Isles of Scilly
(Registration number: 08321886) Balance Sheet as at 31 March 2024
| 2024 | 2023 | |||
|---|---|---|---|---|
| Note | £ | £ | ||
| Current assets | ||||
| Debtors | 5 | 972 | 978 | |
| Cash at bank and in hand | 17,392 | 22,344 | ||
| 18,364 | 23,322 | |||
| Creditors: Amounts falling due within one year | 6 | (976) | (2,301) | |
| Net assets | 17,388 | 21,021 | ||
| Capital and reserves | ||||
| Retained earnings | 17,388 | 21,021 | ||
| Shareholders' funds | 17,388 | 21,021 |
For the financial year ending 31 March 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
Directors' responsibilities:
-
The members have not required the company to obtain an audit of its accounts for the year in question in accordance with section 476; and
-
The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies regime and FRS 102 ‘The Financial Reporting Standard Applicable in the UK and Republic of Ireland’.
Approved and authorised by the Board on .................... and signed on its behalf by:
......................................... Stephen Philip Manning Director
The notes on pages 6 to 8 form an integral part of these financial statements. Page 5
Healthwatch Isles of Scilly
Notes to the Unaudited Financial Statements for the Year Ended 31 March 2024
1 General information
The company is a private company limited by share capital, incorporated in England and Wales.
The address of its registered office is: Unit 1 Gleanor House Buzza Street St Mary's Isles of Scilly TR21 0HW
These financial statements were authorised for issue by the Board on ........... .
2 Accounting policies
Summary of significant accounting policies and key accounting estimates
The principal accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all the years presented, unless otherwise stated.
Statement of compliance
These financial statements have been prepared in accordance with Financial Reporting Standard 102 Section 1A smaller entities - 'The Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland' and the Companies Act 2006 (as applicable to companies subject to the small companies' regime).
Basis of preparation
These financial statements have been prepared using the historical cost convention except that as disclosed in the accounting policies certain items are shown at fair value.
Revenue recognition
Turnover comprises the fair value of the consideration received or receivable for the sale of goods and provision of services in the ordinary course of the company’s activities. Turnover is shown net of sales/value added tax, returns, rebates and discounts.
The company recognises revenue when:
The amount of revenue can be reliably measured; it is probable that future economic benefits will flow to the entity; and specific criteria have been met for each of the company's activities.
Tangible assets
Tangible assets are stated in the balance sheet at cost, less any subsequent accumulated depreciation and subsequent accumulated impairment losses.
The cost of tangible assets includes directly attributable incremental costs incurred in their acquisition and installation.
Depreciation
The Depreciation policy is to write off all capital expenses in the year they occurred.
Asset class Depreciation method and rate Computer equipment 100% in year Office equipment 100% in year
Page 6
Healthwatch Isles of Scilly
Notes to the Unaudited Financial Statements for the Year Ended 31 March 2024
Cash and cash equivalents
Cash and cash equivalents comprise cash on hand and call deposits, and other short-term highly liquid investments that are readily convertible to a known amount of cash and are subject to an insignificant risk of change in value.
Trade debtors
Trade debtors are amounts due from customers for merchandise sold or services performed in the ordinary course of business.
Trade debtors are recognised initially at the transaction price. They are subsequently measured at amortised cost using the effective interest method, less provision for impairment. A provision for the impairment of trade debtors is established when there is objective evidence that the company will not be able to collect all amounts due according to the original terms of the receivables.
Trade creditors
Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. Accounts payable are classified as current liabilities if the company does not have an unconditional right, at the end of the reporting period, to defer settlement of the creditor for at least twelve months after the reporting date. If there is an unconditional right to defer settlement for at least twelve months after the reporting date, they are presented as non-current liabilities.
Trade creditors are recognised initially at the transaction price and subsequently measured at amortised cost using the effective interest method.
Defined contribution pension obligation
A defined contribution plan is a pension plan under which fixed contributions are paid into a pension fund and the company has no legal or constructive obligation to pay further contributions even if the fund does not hold sufficient assets to pay all employees the benefits relating to employee service in the current and prior periods.
Contributions to defined contribution plans are recognised as employee benefit expense when they are due. If contribution payments exceed the contribution due for service, the excess is recognised as a prepayment.
3 Staff numbers
The average number of persons employed by the company (including directors) during the year, was 2 (2023 - 2).
Page 7
Healthwatch Isles of Scilly
Notes to the Unaudited Financial Statements for the Year Ended 31 March 2024
4 Tangible assets
| Furniture, | Furniture, | Furniture, | |||||||
|---|---|---|---|---|---|---|---|---|---|
| fittings and | |||||||||
| equipment | Total | ||||||||
| £ | £ | ||||||||
| Cost or valuation | |||||||||
| At | 1 April 2023 | 10,161 | 10,161 | ||||||
| At | 31 March 2024 | 10,161 | 10,161 | ||||||
| Depreciation | |||||||||
| At | 1 April 2023 | 10,161 | 10,161 | ||||||
| At | 31 March 2024 | 10,161 | 10,161 | ||||||
| Carrying amount | |||||||||
| At | 31 March 2024 | - | - | ||||||
| 5 | Debtors | ||||||||
| 2024 | 2023 | ||||||||
| Current | £ | £ | |||||||
| Prepayments | 972 | 978 | |||||||
| 972 | 978 | ||||||||
| 6 | Creditors | ||||||||
| Creditors: amounts falling due within one year | |||||||||
| 2024 | 2023 | ||||||||
| £ | £ | ||||||||
| Due within one year | |||||||||
| Other creditors | 976 | 2,301 | |||||||
Page 8
Healthwatch Isles of Scilly
Detailed Profit and Loss Account for the Year Ended 31 March 2024
| 2024 | 2023 | ||
|---|---|---|---|
| £ | £ | ||
| Turnover (analysed below) | 48,875 | 47,811 | |
| Gross profit (%) | 100% | 100% | |
| Administrative expenses | |||
| Employment costs (analysed below) | (36,770) | (32,478) | |
| Establishment costs (analysed below) | (3,728) | (3,810) | |
| General administrative expenses (analysed below) | (12,010) | (10,329) | |
| (52,508) | (46,617) | ||
| Operating (loss)/profit | (3,633) | 1,194 | |
| (Loss)/profit before tax | (3,633) | 1,194 |
This page does not form part of the statutory financial statements. Page 9
Healthwatch Isles of Scilly
Detailed Profit and Loss Account for the Year Ended 31 March 2024
| 2024 | 2023 | ||
|---|---|---|---|
| £ | £ | ||
| Turnover | |||
| Grants and subsidies | 48,875 | 47,811 | |
| Employment costs | |||
| Wages and salaries (excluding directors) | (35,699) | (31,532) | |
| Staff pensions (Defined contribution) | (1,071) | (946) | |
| (36,770) | (32,478) | ||
| Establishment costs | |||
| Rent and rates | (3,120) | (3,120) | |
| Light, heat and power | (608) | (690) | |
| (3,728) | (3,810) | ||
| General administrative expenses | |||
| Telephone and fax | (678) | (856) | |
| Repairs and maintenance | (326) | (1,915) | |
| Printing, postage and stationery | (472) | (241) | |
| Sundry expenses | (164) | (493) | |
| Travel and subsistence | (45) | (2,989) | |
| Promotional & survey costs | (2,948) | (231) | |
| Advertising | (643) | (1,379) | |
| Accountancy fees | (755) | (818) | |
| Professional indemnity insurance | (784) | (729) | |
| Legal and professional fees | (5,195) | (678) | |
| (12,010) | (10,329) |
This page does not form part of the statutory financial statements. Page 10