Company Registration Number: N1018259
Charity Registration number: 101844
Willowbank Limited
(Charitable Company Limited by Guarantee)
Annual Report and Flnancial Statements
for the year ended 31 March 2023

Willowbank Limited
(Charitable Company Limited by Guarantee
CONTENTS
Page
General Information
Director5, Report
Independent Examinerfs Report
Statement of financial Activities
Statement of Financial Position
Notes to the Financial Statements
9-17

Willowbank Limited
{Charitable Company Limited by Guarantee)
GENERAL INFORMATION
Kenneth Ferguson
Stephen McNeill
Marion McKenna
Catherine Mccrory
Marina Sloan
Colm Gildernew (resigned 6 December 20231
Andrew Trotter
Board of Directors
Willowbank Community Resource Centre
Carland Road
Dungannon
Co Tyrone
BT714AA
Registered Office
N1018259
Company Registration Number
101844
Charity Registration Number
Ruddell and Company
Chartered Accountants and Registered Auditors
16 Church Street
Dungannon
Co Tyrone
BT716AB
Independent Auditors
PA Duffy & Co
5 7 Irish Street
Dungannon
Co Tyrone
BT70 IJW
Solicitors
Bank of Ireland
11 Market Street
Magherafelt
Co Londonderry
BT45 6EE
Bankers

Willowbank Limited
(Charitsble Company Limited by Guarantee)
DIREcfoRS' REPORT for the
ear ended 31 March 2023
The directors, who are the trustees for the purpose of charity law, have the pleasure in presenting
their Report and the Financi31 Statements of the charitable company for the year ended 31 March
2023.
The financial statements have been prepared in accordance with the Statement of Recommended
Practice "Accounting and Reporting by Charities" IFRS 102), United Kingdom Generally Accepted
Accounting Practice and the Companies Act 2006.
Reference and Administration Details
The reference and administration details of the charitable company are as shown on page 2.
Objectlves and Artivitles
Willowbank Limited exists to work in partnership with persons with disabilities to provide a supportive
and empowering environment. Within a community development ethos, we will support people in
overcoming and removing barriers to inclusion. We will enable people through provision of
appropriate training and learning to maximise their potential as citizens.
This is effective through:
The delivery of a range of direct care services;
Support services and day opportunities to people with dis3 bilities;
Using a participative methodology, the services delivered are shaped by people who are the
end service users.
Individuals are supported through provision of pre-vocational and vocational training in a
range of su bject areas that seek to build confidence and capacity to maximise their individual
and group potential.
Providing support to enable people with disabilities to engage a range of recreational and
social opportunities: supporting engagement with the wider community; fostering
partnerships with colleagues in the community, public and private sector. and
Facilitating the interface with elected representatives, planners and commissioners of services
to ensure that the rights of disabled people as citizens are upheld.
Public Benefit Statement
The directors of Willowbank Limited confirm that they have complied with their duty under settion
4161 of the Charities Act (Northern Ireland} 2008 to have regard to the Charity Commission for
Northern I reland's guidance on public benefit and that the public benefit requirement has informed
the activities of the charitable company in the year ended 31 March 2023.
Achievements and Performance
The directors are confidentthat the charitable company continues to meet its performance objectives
to benefit the local community. The charitable company continues to receive funding from local
bodies.

Willowbank Limited
Icharitable Company Limited by Guarantee)
DIREcfoRS' REPORT for the
ear ended 31 March 2023
continued
Financial Review
Finonciol Performance
The results for the year are set out in detail on pages 7 to 17. The charitable company returned net
incoming resources forthe year of £17,30512022: net outgoing resources of £411).
At 31 March 2023, the total funds of the charity amounted to £130,36412022', £113,059) comprising
restricted funds of £18,575 12022.. £13,182) and unrestricted funds of £111,78912022'. £99,877).
Principle sou rces of funding and how this has supported the key objectives of the charitable company
are disclosed in the notes to the financial statements.
Reserves Poliry
The charitable company does not maintain a formal reserves policy however the board of directors
continue to monitor the level of reseNes held by the charitable company and are actively taking steps
to increase the reserves in order to meet any unforeseen expenditure incurred.
Structure, Governance and Management
Organisational Structure
The charitable company is a company limited by guarantee, not having a share capital.
The charitable company was established under a Memorandum of Association which establish the
objects and powers of the charitable company and is governed under its Articles of Association.
In accordance wtth the Articles of Association, the members to retire by rotation shall be those who
have been longest in office since their last election, and the relevant motion will be put at the Annual
General Meeting. A retiring member shall be eligible for re-election.
Any person wishing to become a director must apply in writing prior to the Annual General Meeting.
A vote is then taken at the Annual General Meeting as to whether that person is appointed.
Directors
The directors during the year are the same as the directors listed on page 2.
Taxation Status
The charitable company is recognised as a charity by HM Revenue & Customs. Accordingly, the
charitable company has availed of the exemptions contained in Chapter 3 Part 11 Corporation Taxes
Act 2010 and Section 256 Taxation of Chargeable Gains Act 1992.
Directors, Responsibilities
The directors are responsible for preparing the Directors, Report and the Financial Statements in
accordance with applicable law and United Kingdom Accounting Standards (United Kingdom Generally
Accepted Accounting Practice).

Willowbank Limited
(Charitable Company Limited by Guarantee)
DIREcfoRS' REPORT for the
ear ended 31 March 2023
continued
Company law requires the directors to prepare financial statements for each financial year, which give
a true and fa ir view of the state of affairs of the charitable company and of the incoming resources
and application of resources, including the income and expenditure of the charitable company for that
year. In preparing these financial statements, the directors are required to:
select suitable accounting policies and apply them consistentlyi
observe the methods and principles in the Charities SORP IFRS102)'
make judgements and estimates that are reasonable and prudent;
state whether applicable UK Accounting Standards have been followed, subject to any
material departures disclosed and expla ined in the financial statements; and
prepare the financial statements on the going concern basis unless it is inappropriate to
presume that the charitable company will continue in operation.
The directors are responsible for keeping adequate accounting records that disclose with reasonable
accuracy at any time the financial position of the charitable company and enable them to ensure that
the financial statements comply with the Companies Act 2006. They are also responsible for
safeguarding the assets of the charitable company and hence for taking reasonable steps for the
prevention and detection of fraud and other irregularities.
Small Companies Exemption
This report is prepared in accordance with the special provisions relating to small companies within
Part 15 of the Companies Act 2006.
This report was approved by the Board of Directors on l March 2024 and signed on its behalf by:
Registered Office:
Willowbank Community Resource Centre
Carland Road
Dungannon
Co Tyrone
BT714AA
Catherlne Mccrory
Director
Com
Chari
an
Re
istration Number: N1018259
Re
istration Number: 101844

Willowbank Limited
{Charitable Company Limited by Guarantee)
INDEPENDENT EXAMINER'S REPORT ON THE FINANCIAL STATEMENTS TO THE MEMBERS OF
WILLOWBANK LIMITED for the
ear ended 31 March 2023
I report on the accounts of the charity for the year ended 31 March 2023, which are set out on pages
2tol7.
Respective Responsibilities of Charity Trustees and Examiner
As the charity trustees you are responsible forthe preparation of the accounts in accordance with the
Charities Act (Northern Ireland) 2008.
It is my responsibility to..
examine the accounts under settion 65 of the Charities Act;
follow the procedures laid down in the general directions given by the Commission under
section 6519llbl of the Charities Act;
state whether particular matters have come to my attention.
Basis of Independent Examinerfs Report
I have examined your charity accounts as required under section 65 of the Charities Act and my
examination was carried out in accordance with the general directions given by the Charity
Commission for Northern Ireland under section 6519)Ibl of the Charities Act.
My examination included a review of the accounting records kept by the charity and a comparison of
the accounts presented with those records. It also included tonsideration of any unusual items or
disclosures in the accounts and seeking explanation from you as charity trustees concerning any such
matters.
My role is to state whether any material matters have come to my attention giving me cause to
believe..
that the accounting records were not kept in accordance with section 63 of the Charities Act;
that the accounts do not accord with those accounting records-
that the accounts do not comply wwth the accounting requirements of the Charities Act.
that there is further information needed for a proper understanding of the accounts to be
reached.
Independent Examinerfs Statement
I have completed my examination and have no concerns in respect of the matters111 to141 listed
above and in connections with the following directions of the Charity Commission for Northern
Ireland, I have found no matters that require drawing to your attention.
l March 2024
Jonathan Ruddell
Forand on behalf of
Ruddell and Company
Chartered Accountants & Registered Auditors
16 Church Street
Dungannon
Co Tyrone
BT716AB

Willowbank Limited
(Charitable Company Limited by Guarantee)
Company Registration Number: N1018259
Charity Registration Number: 101844
STATEMENT OF FINANCIAL ACTIVITIES
includin
an Income & Ex
enditure Account
For the
ear ended 31 March 2023
Unrestricted Restrirted
Total Unrestricted Restricted
Total
Funds
2023
Funds
2023
Funds
Funds
Funds
Funds
2023
2022
2022
2022
INCOME AND ENDOWMENTS
Charitable Activities (Note 41
Other Trading Activities (Note 41
TOTAL INCOME AND ENDOWMENTS
112,524
28.805
141,329
75,077
187,601
28,805
216.406
104,530
19,879
124,409
65,720
170,250
19,879
190,129
75,077
65,720
RESOURCES EXPENDED
Charitable Activities (Note 51
TOTAL RESOURCES EXPENDED
129,192
129.192
69,909
69.909
199,101
199.101
111,984
111,984
78,556
78,556
190,540
190,540
Net Incoming/Outgoing Resources
for the Year
Transfers between Funds
12,137
-225
5,168
225
17,305
12,425
783
-12,836
-783
-411
Balance Brought Forward
Balance Carried Forward
99.877
111.789
13.182
18,575
113,059
130,364
86,669
99,877
26,801
13,182
113,470
113,059
The above Statement of Financial Activities includes all information as required to be disclosed by the
Companies Act 2006.
All of the activities of the charitable company are classed as continuing.
The Statement of Financial Activities includes all gains and losses recognised during the year.
The notes on pages 9 to 17 form an integral part of the financial statements.

Willowbank Limited
(Charitable Company Llmlted by Guarantee)
Company Registration Number: N1018259
Charity Registration Number: 101844
STATEMENT OF FINANCIAL POSITION as at 31 March 2023
Note
2023
2022
FIXED ASSETS
Tangible Assets
29.384
32,916
CURRENT ASSETS
Receivables
Cash and Cash equivalents
6.202
125,295
131,497
3,494
113,670
117,164
Payables: Amounts Falling Due Within One Year
12
-30,517
-37,021
NET CURRENT ASSETS
100,980
80,143
NET ASSETS
130.364
113,059
REPRESENTED BY:
Unrestritted Funds
Restricted Funds
13
13
111,789
18.575
99,877
13,182
TOTAL FUNDS
13
130,364
113,059
The directors consider that the company is entitled to exception from the requirements to have an
audit under the provisions of section 477 of the Companies Act 20061"The Act'l and members have
not required the company to obtain an audit for the year in question in accordance with section 476
of the Act.
The directors acknowledge their responsibilities for complying with the requirements of the
Companies Act 2006 with respect to accounting records and the preparation of financial statements.
The accounts have been prepared in accordance with the provisions applicable to companies subject
to the small companies, regime.
The notes on pages 9 to 17 form an integral part of the financial statements.
These financial statements were approved and authorised for issue by the Board of Directors on I
March 2024 and signed for on their behalf by..
Catherine Mccrory
Director
Kenneth Ferguson
Director

Willowbank Limlted
(Charitable Company Limited by Guarantee)
Com
Re
istration Number: N1018259
Chari
Re
istration number: 101844
NOTES TO THE FINANCIAL STATEMENTS
For the ear ended 31 March 2023
an
I. GENERAL INFORMATION
Willowbank Limited is a charitable company limited by guarantee incorporated in Northern Ireland,
within the United Kingdom. In the event of the charitable company being wound up, the liability in
respect of the guarantee is limited to £1 per member of the charitable company. The address of the
registered off ice is as shown on page 2.
The cha ritable company constitutes a public benefit entity as defined by FRS 102.
2. ACCOUNTING POLICIES
The following accounting policies, as outlined below, have been applied consistently in dealing with
items in relation to the charitable company's financial statements.
2.1 Statement of Complionce
The financial statements have been prepared in accordance with Accounting and Reporting by
Charities.. Statement of Recommended Practice ISORPI applicable to charities preparing their
financial statements in accordance with the Financial Reporting Standard applicable in the UK and
Republic of Ireland IFRS 1021 issued on 16 July 2014 las updated through Update Bulletin I
published on 2 February 20161, the Financial Reporting Standard applicable in the United Kingdom
and Republic of Ireland IFRS 1021 and the Companies Act 2006.
2.2 Basis of Preparation
The financial statements are prepared on a going concern basis under the historical cost
convention unless othemise stated in the relevant accounting policy. Historical cost is generally
based on the fair value of the consideration given in exchange for assets.
2.3 Cash Flow Statement
The charitable company has applied Update Bulletin l as published on 2 February 2016 and does
not include a cash flow statement on the grounds that it is applying FRS 102 SORP.
2.4 Income ond Endowments
{1} Charitable Activities
Income resources from charitable activities includes income received under contract or where
entitlement to grant funding is subject to specific performance conditions. It is recognised as
earned as the related services or goods are provided. Grant income is recognised in the
statement of financial activities when receivable. Grant income included in this category
provides funding to support projects and is recognised where there is entitlement, certainty of
receipt and the amount can be measured with sufficient reliability.
{Ti) Other Trading Activitie5
Voluntary income includes incoming resources from gifts, donations and grants and is
recognised in full in the Statement of Financial Activities when receivable. Artivities for
generating funds are commercial activities which are recognised as earned when the related
goods and services are provided.

Willowbank Limited
{Charitable Company Limited by Guarantee)
NOTES TO THE FINANCIAL STATEMENTS
For the
ear ended 31 March 2023
continued
2. ACCOUNTING POLICIES (continued)
2.5 Resources Expended
Expenditure is recognised when a liability is incurred. Contractual arrangements and performance
related grants are recognised as goods and services are supplied. Where costs cannot be directly
attributed to a particular heading, they have been allocated to activities on a basis consistent with
use of resources. Staff costs and overhead expenses are allocated to activities on the basis of staff
time spent on those activities.
(i) Charitable Activitie5
This compromises all the resources applied by the charity in underta king its work to meet its
charitable objectives. Charitable activities will include the costs of governance arrangements
which relate to the general running of the charity.
2.6 Fund Accounting
The charity has two types of funds for which it is responsible at year end:
Unrestricted Funds
Funds which are expendable at the discretion of the directors in
furtherance of the objectives of the charity. In addition, funds may be held in order to finance
capital investment and working capital.
Restrirted Funds- Income received for specific purposes. Such purposes are within the overall
aims of the charity.
2.7 Property, Plont ond Equipment and Depreciation
All property, plant and equipment are initially recorded at cost. Cost includes the original purchase
price. costs directly attributable to bringing the asset to its working condition for its intended use,
dismantling and restoration costs and borrowing costs capitalised.
Depreciation is provided at rates calcu lated to write off the cost less residual value of each asset
over its expected useful life, as follows:
Buildings
Fixtures, Fittings and Equipment
Motor Vehicles
2% Straight Line
25Yo Reducing balance
25% Reducing balance
2.8 Financial Instruments
{il Financial Assets
Basic financial assets, including trade and other receivables, cash and bank balances and amounts
owed by related parties a nd are initially recognised at transaction price, unless the arrangement
constitutes a financing transaction, where the transaction is measured at the present value of the
future receipts discounted at a market rate of interest. Such assets are subsequently carried at
amortised cost using he effective interest method.
At the end of each reporting period financial assets measured at amortised cost are assessed for
objective evidence of impairment. If an asset is impaired the impairment loss is the difference
between the carrying amount and the present value of the estimated cash flows discounted at the
asset's original effective interest rate. The impairment loss is recognised in profit or loss.
io

Willowbank Limited
(Charitable Company Limited by Guarantee)
NOTES TO THE FINANCIAL STATEMENTS
For the ear ended 31 March 2023
continued
2. ACCOUNTING POLICIES (continued)
If there is decrease in the impairment loss arising from an event occurring after the impairment
was recognised, the impairment is reversed. The reversal is such that the current carrying amount
does not exceed what the carrying amount would have been had the impairment not previousEy
been recognised. The impairment reversal is recognised in profit or loss.
Financial assets are derecognised when {a) the contractual rights to the cash flows from the asset
expire or are settled, or Ib} substantially all the risks and rewards of the ownership of the asset are
transferred to another party or Icl despite having retained some significant risks and rewards of
ownership, control of the asset has been transferred to another party who has the practical ability
to unilaterally sell the asset to an unrelated third party without imposing additional restrictions.
(ill Financial liabilities
Basic financial liabilities, including trade and other payables, bank loans and overdrafts and
amounts owed to related parties are initially recognised at transaction price, unless the
arra ngement constitutes a financing transaction, where the debt instrument is measured at the
present value of the future receipts discounted at a market rate of interest. Debt instruments are
subsequently carried at amortised cost, using the effective interest rate method. Fees paid on the
establishment of loa n facilities are recognised as transaction costs of the loan to the extent that it
is probable that some or all of the facility will be d rawn down. On this case. the fee is deferred until
the draw-down occurs. To the extent there is no evidence that it is probable that some or all the
facility will be drawn down, the fee is capitalised as a pre-payment for liquidity services and
amortised over the period of the facility to which it relates.
Trade payables are obligations to payforgoods or services that have been acquired in the ordinary
course of business from suppliers. Accounts 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 payables
are recognised initially at transaction price and subsequently measured at amortised cost using the
effective interest method.
Financial liabilities are derecognised when the liability is extinguished, that is when the contractual
obligation is discharged, cancelled or expires.
(iii) Offsetting
Financial assets and liabilities are offset and the net amounts presented in the financial statements
when there is a legally enforceable right to set off the recognised amounts and there is an intention
to settle on a net basis or to realise the asset and settle the liability simultaneously.
2.9 Critical accounting judqements and estimation uncertainty
Estimates and judgements are continually evaluated and are based on historical experience and
other factors, including expectations of future events that are believed to be reasonable under the
circumstances.
li

Willowbank Limited
(Charitable Company Limited by Guarantee)
NOTES TO THE FINANCIAL STATEMENTS
For the
ear ended 31 Marth 2023
continued
2. ACCOUNTING POLICIES (continued)
Criticaljudgments in ¢7pplying the entity's occounting policies
There are no critical judgements in applying the charity's accounting policies.
Critical occounting estimates and ossumptions
There are no actual accounting estimates and assumptions.
2.10 Trade and Other Recelvobles
Trade a nd other receivables are inttially recorded at fair value and thereafter stated at cost less
impairment losses for bad and doubtful debts.
2.11 Trode and Other Payables
Trade and other payables are initially recognised at fair value and thereafter stated at Cost.
2.12 Taxation
As a charity, the charitable company is not liable to corporation t3X.
3. GOING CONCERN
The company is dependent on Southern Health & Social Care Trust and National Lottery funding. On
this basis, a material uncertainty exists that may cast significant doubt on the company's ability to
continue as a going concern and, therefore, that it may be unable to realise its assets and discharge
its liabilities in the normal course of business. The directors have had discussions with both the
Southern Health & Social Care Trust and National Lottery and are of the opinion that funding will
continue for the foreseeable future to enable the company to discharge liabilities as they fall due. On
this basis, the directors consider it appropriate to prepare the financial statements on the going
concern basis. The financial statements do not include any adjustments that would result from the
discontinuance of Southern Health & Social Care Trust or National Lottery fundin& or its reduction to
an inadequate level.
12

Willowbank Limited
(Charitable Company Limited by Guarantee)
Company Registration Number: N1018259
Charity Registration Number: 101844
NOTES TO THE FINANCIAL STATEMENTS
For the
ear ended 31 March 2023
continued
4. INCOME AND ENDOWMENTS
Unrestricted Restrirted
Funds
Funds
2023
2023
Total Unrestricted Restricted
Funds
Funds
Funds
2023
2022
2022
Totsl
Funds
2022
Charitable Activities
Southern Health & Social Care Trust
Mid-ulster Council
National Lottery Community Fund
Halifax Foundation
DFC Grant
112,524
112,524
104,530
104,530
3,000
56,091
3,501
1,200
1,928
3,000
56,091
3,501
1,200
1.928
62,040
659
62,040
659
300
4,709
1,408
1,961
300
4,709
1,408
1,961
4,000
DFC Grant
Community Foundation
Arts Council
John Moore Foundation
Total Income from Charitable
Activitles
112,524
75,077 187,601
104,530
65,720 170,250
Unrestricted Restricted
Funds
Funds
2023
2023
Total Unrestricted Restritted
Funds
Funds
Funds
2023
2022
2022
Total
Funds
2022
Other Trading Attivities
Room Hire Services
Support Services
Lunches & Catering
Shop
Other Income-
Donations & Sundry Income
Total Income from Other Trading
Activitles
1,108
23,017
1,344
352
1,108
23,017
1,344
352
450
15,026
768
410
450
15,026
768
410
2,984
2,984
3,225
3,225
28,805
28,805
19,879
19,879
13

Willowbank Limited
(Charitable Company Limited by Guarantee)
Company Registration Number: N1018259
Charlty Reglstration Number: 101844
NOTES TO THE FINANCIAL STATEMENTS
For the
ear ended 31 March 2023
continued
5. RESOURCES EXPENDED
Unrestrlcted Restricted
Funds
Funds
2023
Total Unrestrirted Restricted
Funds
Funds
Funds
2022
Totsl
Funds
2023
2023
2022
2022
Charitable Activities
Wages and Salaries
Staff Pension
Training and Cost of Projects
Rent Payable
Insurance
65,763
4,215
491
59,473
125,236
4,215
5,074
30,756
1,649
1,672
4,164
687
406
50,062
3,463
65.247
115,309
3,463
2,701
33,552
1,340
1,262
5,151
1,119
500
4,583
3,273
2,701
27A83
1,649
1,672
4,164
687
27,748
1,340
1,262
5,026
552
Cleaning & Laundry
Repairs and Maintenance
IT and Equipment Costs
Printing, Postage, Stationery and Advertisin
Telephone
Travelling and Transport
Administration and Support
Bank Charge5
Independent Examiner's Remuneration
Professional Fees
Depreciation
General Expenses
Light & Heat
125
567
91
315
500
1,426
10,437
468
IA26
10,649
468
745
745
212
11,9M
1,907
251
11,944
1,907
251
277
277
2,400
2,400
1,800
1,800
875
875
1,479
2,053
3,532
1,702
567
2.737
4,439
567
5,802
5,802
3,615
3,615
Total Resources Expended
129,192
69,909
199,101
111,984
78,556
190,540
14

Willowbank Limited
(Charitable Company Limited by Guarantee)
Company ReEiStration Number: N1018259
Charity Registration Number: 101844
NOTES TO THE FINANCIAL STATEMENTS
For the
ear ended 31 March 2023
continued
6. NET INCOME/EXPENDITURE FOR THE YEAR
Net Income/Expenditure is stated after charging:
2023
2022
Depreciatioii
Independent Examiner's Remuneration
3,532
2,400
4,439
1,800
7. STAFF COSTS AND EMPLOYEE BENEFITS
The average number of persons employed by the charitable company during the year was 912022.. 81
The total staff costs and employee benefits were as follows..
2023
2022
Gross Wages and Salaries
Social Security Costs
Staff Pension Costs
107,086
18,150
4,215
129.451
100,823
14,486
3,463
118,772
No employee of the charitable company received total employee benefits of more than £60,000.
7.1 Directors, Remuneration
The directors received nor waived any remuneration or any other benefits during the year and no reimbursements
of expenses incurred.
15

Willowbank Limited
(Charitable Company Limited by Guarantee)
Company Registration Number: N1018259
Charlty Registration Number: 101844
NOTES TO THE FINANCIAL STATEMENTS
For the
ear ended 31 March 2023
continued
8. TANGIBLE ASSETS
Buildings
Fixtures,
Fittings &
Equipment
Motor
Totsl
Vehicles
C05t
At 31 March 2022
40,578
70,258
34,795
145,631
Additions
At 31 March 2023
40,578
70,258
34.795
145.631
Depreclation
At 31 March 2022
Charge for year
At 31 March 2023
18,543
812
65,570
1,172
66.742
28,602
1,548
30,150
112,715
3,532
116,247
19,355
Carrying Amount
At 31 March 2023
21,223
3,516
4,645
29,384
At 31 March 2022
22,035
4,688
6,193
32,916
9. RECEIVABLES
2023
2022
Grants and Trade Receivables
Prepayments and Accrued Income
Other Debtors
2,453
1,230
2.519
6,202
797
2,697
3,494
10. PAYABLES: AMOUNTS DUE FALLING WITHIN ONE YEAR
2023
2022
Trade Payables
Deferred Income
28,477
34.382
959
1,680
37,021
Accurals
30,517
16

Willowbank Limited
Icharitable Company Limited by Guarantee)
Company Registration Number: N1018259
Charity Registration Number: 101844
NOTES TO THE FINANCIAL STATEMENTS
For the
ear ended 31 March 2023
continued
11. ANALYSIS OF NEf ASSErs
Unrestrirted Restricted
Funds
Funds
Total
Funds
Fixed Assets
Current Assets
23,226
119,080
-30,517
111,789
6,158
12,417
29,384
131,497
-30,517
130,364
Current Liabilities
Net Assets
18,575
12. FINANCIAL INSTRUMENTS
2023
2022
Carrying Amount of Financial Assets
Debt Instruments Measured at Amortised Cost
Carrying Amount of Financial Liabilites
Measured at Amortised Cost
28,477
34,382
13. ANALYSIS OF FUNDS
Opening
Balan
In¢ome-"xpenditure
Transfer
Between
Closing
Balance
Funds
Big Lottery Fund
Wolfson Foundation
The Honourable Irish Society
Advoacy
Southern Health & Social Care Trust
Awards for All
Halifax
1,093
6,193
297
-274
819
-1,548
-74
4,645
223
65
-16
49
563
-141
422
4,964
62,040
659
-58,972
-659
231
8,263
DFC
300
-300
DFC
4,709
1,408
1,961
4,OCN)
75,077
-4,709
-1,409
-272
Community Foundation
Arts Council
John Moore Foundation
Totsl Restricted Funds
1,689
2,465
18,575
-1,535
69.909
13,182
225
Unrestricted Funds
99B77
141,329 -129,192
-225
111,789
Total
113,059
216.406 -199,101
130.364
14. CONTINGENT LIABILITIES
A contingent liability exists to repay grants received should certain conditions not be fulfilled by the
charitable company.
17