Company Registration Number.. N1018259
Charity Registration number: 101844
Willowbank Limited
(Charitable Company Limited by Guarantee)
Annual Report and Financial Statements
for the year ended 31 March 2024

Willowbank Limited
{Charitable Company Limited by Guarantee)
CONTENTS
Page
General Information
Directors, Report
Independent Examinerfs Report
Statement of Financlal Activities
Statement of Financial Positlon
Notes to the Financial Statements
9-17

Willowbank Limited
{Charitable Company Limited by Guarantee)
GENERAL INFORMATION
Board of Directors
Kenneth Ferguson
Stephen McNeill
Marion McKenna
Catherine Mccrorv
Marina Sloan (resigned 19 August 20241
Andrew Trotter (resigned 19 August 20241
Maggie Mccloskey lappointed 30 October 20241
Peter Donnelly lappointed 30 October 20241
Registered Office
Willowbank Resource Centre
Carland Road
Dungannon
Co Tyrone
BT714AA
Company Registratlon Number
N1018259
Chartty Registration Number
101844
Independent Examiner
Ruddell and Company
Chartered Accountants and Re8lStered Auditors
16 Church Street
Dungannon
Co Tyrone
BT716AB
Solicitors
PA Duffy & Co
5 7 Irish Street
Dungannon
Co Tyrone
BT70 IJW
Bankers
Bank of Ireland
11 Market Street
Magherafelt
Co Londonderry
BT45 6EE

Willowbank Limited
(Charitable Company Limited by Guarantee)
DIREcfoRS' REPORT
For the
ear ended 31 March 2024
The directors, who are the trustees for the purpose of charity law, have the pleasure in presenting
their Report and the Financial Statements of the charitable company for the year ended 31 March
2024.
The financial statements have been prepared in accordance with the Statement of Recommended
Practice "Accounting and Reporting by Charities" IFRS 1021, 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.
Objectives and Activities
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 effertive thmugh..
The delivery of a range of direct care services;
Support services and day opportunities to people with disa 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
range of subject 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
partnersh ips with colleagues in the community, pu blic and private sector. and
Facilitating the interface with elected representatives, planners and commissioners of services
to ensure that the rights of disabled pèople as citizens are upheld.
Public Benefjt Statement
The directors of Willowbank Limited confirm that they have complied with their duty under section
4161 of the Charities Act INorthern Ireland) 2008 to have regard to the Charity Commission for
Northern Ireland's guidance on public bènefit and that the public benefit requirement has informed
the activities of the charitable company in the year ended 31 March 2024.
Achievements and Performante
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
(Charttable Company Limited by Guarantee)
DIRECTORS, REPORT
continued
For the
ear ended 31 March 2024
Financial Review
Finoncial Performance
The results for the year are set out in detail on pages 7 to 17. The charitable company returned net
incoming resources for the year of £21,92212023.' net incoming resources of £17,305).
At 31 March 2024, the total funds of the charity amounted to £152,28612023: £130,364) comprising
restricted funds of £1,21812023'. £18,575) and unrestricted funds of £151,068 12023: £111,789).
Principle sources of funding and how this has supported the key objectives of the cha ritable 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 reserves 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
Orgunisotional Structure
The charitable compa ny is a company limtted by guara ntee, 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 with 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 direttor 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.
Dirertors
The director5 during the year are the same as the directors listed on page 2.
Tuxation Statu5
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 Iunited Kingdom Generally
Accepted Accounting Practice).

Willowbank Limited
{Charitable Company Limited by Guarantee
DIRECTORS. REPORT
continued
For the
ear ended 31 March 2024
Company law requires the directors to prepare financial statements for each financial year, which give
a true and fair 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 consistently.
observe the methods and principles in the Charities SORP IFRS1021'
make judgements and estimates that are reasonable and prudent,.
state whether applicable UK Accounting Standards have been followed, subject to any
material departures disclosed a nd explained 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 fina ncia I position of the charitable company and enable them to ensure that
the fin3ncial 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 20 December 2024 and signed on its behalf by..
Registered Office:
Willowbank Resource Centre
Carland Road
Dungannon
Co Tyrone
BT714AA
u,
Catherine Mccrory
Director
Company Registration Number: N1018259
Charity Regtstration Number: 101844

Willowbank Limited
(Charitable Company Llmlted by Guarantee}
INDEPENDENT EXAMINER'S REPORT ON THE FINANCIAL STATEMENTS TO THE MEMBERS OF
WILLOWBANK LIMITED
I report on the accounts of the charity for the year ended 31 March 2024, which are set out on pages
2tol7.
Respective Responsibilities of Charity Trustees and Examiner
As the charity trustees you are responsible for the preparation of the accounts in accordance with the
Charities Act (Northern Ireland} 2008.
It is my responsibility to..
examine the accounts under section 65 of the Charities Act;
follow the procedures laid down in the general directions given by the Commission under
section 6519)Ibl 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 6519llbl 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 consideration 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 accou nting records.
that the accounts do not comply with the accounting requirements of the Charities Act;
that there is further information needed for a proper understanding of the accounts to be
reached.
Independent Examiner's 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.
20 December 2024
Jonathan Ruddell
For3nd 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 2024
Unrestricted Restritted
Funds
Funds
Total Unrestricted Restricted
Funds
Funds
Funds
Total
Funds
2024
2024
2024
2023
2023
2023
INCOME AND ENDOWMENTS
Charitable Activities (Note 41
Other Trading Activities (Note 41
TOTAL INCOME AND ENDOWMENTS
104,986
26.474
131,460
59,222
164,208
26,474
190.682
112,524
28,805
141,329
75,077
187,601
28,805
216,406
59,222
75,077
RESOURCES EXPENDED
Charitable Activities (Note 51
TOTAL RESOURCES EXPENDED
101,084
101,084
67,676
67,676
168,760
168,760
129,192
129,192
69,909
69,909
199,101
199,101
Net IncominglOutgoln8 Resources
for the Year
Transfers between Funds
Balance Brought Forward
Balance Carried Forward
30,376
8,903
111.789
151,068
-8,454
-8,￿3
18,575
1,218
21,922
12,137
-225
5,168
225
17,305
130,364
152,286
99,877
111,789
13,182
18,575
113,059
130,364
The above Statement of Financial Activities includes all information as required to be disclosed by the
Companies Att 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 Limited by Guarantee)
Company Registration Number: N1018259
Charity Registration Number: 101844
STATEMENT OF FINANCIAL POSITION as at 31 March 2024
Note
2024
2023
FIXED ASSETS
Tangible Assets
23,049
29,384
CURRENT ASSETS
Receivables
Cash and Cash equivalents
5,368
148,757
154,125
6,202
125,295
131,497
Payables: Amounts Falling Due Wlthin One Year
io
-24,888
-30,517
NET CURRENT ASSETS
129,237
100,980
NET ASSETS
152,286
130,364
REPRESENTED BY:
Unrestricted Funds
Restricted Funds
13
13
151,068
1,218
111,789
18,575
TOTAL FUNDS
13
152,286
130,364
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") 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 dirertors acknowledge their responsibilities for complying wtth the requirements of the
Companies Att 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 sm311 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 20
December 2024 and signed for on their behalf by:
Catherine Mccrory
Director
Kenneth Ferguson
Director

Wtllowbank Limited
(Charitable Company Llmlted by Guarantee)
Company Registration Number: N1018259
Charity Registratlon number: 101844
NOTES TO THE FINANCIAL STATEMENTS
For the
ear ended 31 March 2024
I. GENERAL INFORMATION
Willowbank Limited is a charitable company limited by guara ntee 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 charitable 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 compa ny's financial statements.
2.1 Statement of Compliunce
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 Fina ncial Reporting Standard applicable in the UK
and Republic of I reland 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 Bosis of Preparation
The financial statements are prepared on a going concern basis under the historical cost
convention unle55 Otherwise stated in the releva nt 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
(i) Charitable Artiwties
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 3S 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 suff icient reliability.
(li) Other Trading Activities
Voluntary income includes incoming resources from gifts, donations and grants and is
recognised in full in the Statement of Financial Activities when receivable. Activities 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)
Company Registration Number: N1018259
Charity Registration number: 101844
NOTES TO THE FINANCIAL STATEMENTS
For the
ear ended 31 March 2024
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 cost5 and overhead expenses are allocated to
activities on the basis of staff time spent on those activities.
(i) Choritable Artivities
This compromises all the resources applied by the charity in undertaking its work to meet its
charitable objectives. Charitable activities will include the costs of governance arrangements
which relate to the genera I 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 cha rity. I n addition, funds may be held in order to finance
capital investment and working capital.
Restritted Fund5- Income received for specific purposes. Such purposes are within the overall
aims of the charity.
2.7 Property, Plont and Equipment ond 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 ca Iculated to write off the cost Sess residual value of each asset
over its expected useful life. as follows..
Buildings
2Yo Straight Line
Fixtures, Fittings and Equipment 250A Reducing balance
Motor Vehicles
25% Reducing balance
2.8 Finoncial Instruments
(i) Finoncial A55et5
Basic financial assets, including trade and other receivables, cash and bank balances and
amounts owed by related parties a nd are initia Ily 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
discou nted at the asset's original effective interest rate. The impairment loss is recognised in
profit or loss.
io

Willowbank Limited
{Charitable Company Llmited by Guarantee}
Company Registration Number: N1018259
Charity Registration number: 101844
NOTES TO THE FINANCIAL STATEMENTS
For the ear ended 31 March 2024
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
previously been recognised. The impairment reversal is recognised in profit or loss.
Financial assets are derecognised when lal the contractual rights to the cash flows f rom the
asset expire or are settled, or Ibl substa ntially all the risks and rewards of the ownership of the
asset are transferred to another party or Ic) 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.
{ii) 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 loan 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 drawn 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 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 payment is due with in 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
contractua l 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 Judgements and Estimation Uncertointy
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)
Company Registration Number: N1018259
Charity Registration number: 101844
NOTES TO THE FINANCIAL STATEMENTS
For the ear ended 31 March 2024
continued
2. ACCOUNTING POLICIES (continuedl
Criticaljudgments in (Jpplying the entity's occounting policies
There are no critical judgements in applying the charity's accounting policies.
Criticol accounting estimates and assumptions
There are no actual accounting estimates and assumptions.
2.10 Trode and Other Receivobles
Trade and other receivables are initially recorded at fair value and thereafter stated at cost
less impairment losses for bad and doubtful debts.
2.11 Trade ond Other Payables
Trade and other paya bles are initially recognised at fair value and thereafter stated at cost.
2.12 Taxation
As a charity, the cha ritable company is not liable to Corporation tax.
3. GOING CONCERN
The company is dependent on Southern Health & Social Care Trust and National Lottery funding. On
this basis, a m3terial uncertainty exists that may cast significa nt doubt on the company's ability to
continue as a going concern and, therefore, that it may be una ble 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 f311 due. On
this basis, the directors consider it appropriate to prepare the financial statements on the going
concern basis. The financial statement5 do not include a ny adjustments that would result from the
discontinuance of Southern Health & Social Care Trust or National Lottery funding, 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 2024
continued
4. INCOME AND ENDOWMENTS
Unrestricted Restricted
Funds
Funds
Total ijnrestricted Restricted
Funds
Funds
Funds
2024
2023
2023
Total
Funds
2023
2024
2024
Charitable Activities
Southern Health & Social Care Trust
Mid-u Ister Council
National Lottery Community Fund
Halifax Foijndation
DFC Grant
DFCGrant
Community Foundation
Arts Council
John Moore Foundation
Total Income from Charitable
Activities
100,786
4,200
100,786
4,200
59,004
112,524
112,524
59,004
62,040
659
62,040
659
300
4,709
1,408
1,961
4,000
300
4,709
1,408
1,961
4,000
218
218
104,986
59,222 164,208
112,524
75,077 187,601
Unrestritted Restricted
Funds
Funds
Total Unrestricted Restricted
Funds
Funds
Funds
2024
2023
2023
Total
Funds
2023
2024
2024
Other Trading Activities
Room Hire Services
Support Services
Lunches & Catering
Shop
Provision of transport
Other Income..
Donations & Sundry Income
Total Income from Other Trading
Activities
300
300
1,108
23,017
1,344
352
1,108
23,017
1,344
352
19,988
1,125
545
19,988
1,125
545
3,445
3,445
1,071
1,071
2,984
2,984
26,474
26,474
28,805
28,805
13

Willowbank Limited
(Charitable Company Limited by Guarantee)
Company Registration Number: N1018259
Charity Registratlon Number: 101844
NOTES TO THE FINANCIAL STATEMENTS
For the
ear ended 31 March 2024
continued
5. RESOURCES EXPENDED
Unrestrirted Restrlcted
Total Unrestricted Restricted
Funds
Funds
Funds
2023
Total
Funds
Funds
Funds
2024
2024
2024
2023
2023
Charitable Activitie5
Wages & Salaries
Staff Pension
Training & Cost of Projects
Rent Payable
Insurance
60,254
3,951
351
55,750
116,004
3,951
5.296
13,980
1,768
1,448
10,354
1,027
858
65,763
4,215
491
59,473
125,236
4,215
5,074
30,756
1,649
1,672
4,164
687
4,945
1,450
4,583
3,273
12.530
1,768
1,448
9.825
1,027
358
27.483
1,649
1,672
4,164
687
Cleaning & Laundry
Repairs & Maintenance
IT & Equipment Costs
Printing, Postage, Stationery & Advertising
Telephone
Travelling & Transport
Administration & Support
Bank Charges
Independent Examiner's Remuneration
Professional Fees
Depreciation
Gain on Disposal of Tangible Assets
General Expenses
Light & Heat
529
500
91
315
406
2,249
3,357
112
2,249
3,645
112
1,426
10,437
468
1,426
10,649
468
288
212
174
50
224
277
277
2,040
2,040
2.625
2,851
-5,516
1,408
4,436
2,400
2,400
2.625
1,539
1,312
-5,516
1,408
4,436
1,479
2.053
3,532
688
688
5,802
5,802
Total Resources Expended
101,084
67,676
168,760
129,192
69,909
199,101
14

Willowbank Limited
(Charitable Company Limlted by Guarantee)
Company Registration Number: N1018259
Charity Registratlon Number: 101844
NOTES TO THE FINANCIAL STATEMENTS
For the
ear ended 31 March 2024
continued
6. NET INCOMEIEXPENDITURE FOR THE YEAR
Net Income/Expenditure is stated after chargin8:
2024
2023
Depreciation
Independent Examiner's Remuneration
2.851
2.040
3,532
2,400
7. STAFF COSTS AND EMPLOYEE BENEFITS
The average number of persons employed by the charitable company during the year was 812023: 91
The total staff costs and employee benefits were as follows..
2024
2023
Gross Wages and Salaries
Social Security Costs
Staff Pension Costs
99,958
16,046
3,951
119,955
107,086
18,150
4,215
129,451
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 2024
continued
8. TANGIBLE ASSETS
Buildlngs Fixtures,
Fittings &
Equipment
Motor
Total
Vehicles
Cost
At 31 March 2023
Additions
Disposals
At 31 March 2024
40,578
70,258
34,795
145,631
-34,795
-34,795
110.836
40,578
70,258
Depreciation
At 31 March 2023
Charge for year
Disposals
At 31 March 2024
19,355
812
66,742
878
30,150
1,161
-31,311
116,247
2,851
-31,311
87,787
20,167
67.620
Carrying Amount
At 31 March 2024
20.411
2,638
23,049
At 31 March 2023
21,223
3,516
4,645
29,384
9. RECEIVABLES
2024
2023
Grants and Trade Receivables
Prepayments and Accrued Income
Other Debtors
1,882
634
2,453
1,230
2,519
6,202
2,852
5,368
10. PAYABLES: AMOUNTS DUE FALLING WITHIN ONE YEAR
2024
2023
Trade Payables
Accurals
22,848
2,040
24,888
28,477
2,040
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 2024
continued
11. ANALYSIS OF NET ASSETS
Unrestricted Restrirted
Funds
Funds
Total
Funds
Fixed Assets
21,914
154,042
-24,888
151,068
1,135
83
23,049
154,125
-24,888
152,286
Current Assets
Current Liabilities
Net Assets
1,218
12. FINANCIAI INSTRUMENTS
2024
2023
Carrying Amount of Financial Assets
Debt Instruments Measured at Amortised Cost
Carrying Amount of Financial Liabilites
Measured at Amortised Cost
22,848
28,477
13. ANALYSIS OF FUNDS
Opening
Balance
Income=xpenditure
Transfer
Closing
Balance
Between
Funds
Big Lottery Fund
Wolfson Foundation
The Honourable Irish Society
Advoacy
Southern Health & Social Care Trust
Awards for All
819
-204
615
4,645
223
-1,161
-56
-3,484
167
49
-12
37
422
-106
316
8,263
1,689
2,465
18,575
59,004
218
-61,765
-1,907
-2,465
-67,676
-5,419
83
Arts Council
John Moore Foundation
Total Restricted Funds
59,222
-8,903
1,218
Unrestricted Funds
111,789
131,460
-101,1)84
8.903
151,068
Total
130,364
190,682 -168,760
152,286
14. CONTINGENT LIABILITIES
A contingent liability exists to repay grants received should certain conditions not be fulfilled by the
charitable company.
17