Willowbank Organic Producers Limited (Charitable Company Limited by Guarantee) DIRECTORS, 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 theif 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 The objectives of the charitable company are as follows- To develop services for disabled people which promote choice, opportunity, independence and equality. To tra in or to provide training services in horticultural and related trades or occupations for disabled people so as to assist their integration in the community and assist in the finding of suitable employment; and To develop a range of pre-vocational/vocational training and enterprise initiatives which enhance skills and promote opportunity in education, training and employment. This project was established in 2004 with a view to providing an experiential learning environment based around horticulture. There are a number of aims for the project.. To provide a place where disabled people could learn new skills in a safe and supportive environment using horticulture as a training basis to deliver other subject areas such as customer care, money management, work preparation and essential skills. This project is specifically aimed at non-traditional learners who have lost confidence in the "classroom" and "formal education" setting. Through training and working alongside GUAG IGet Up and Growl staff we hope to equip disabled people with the skills to grow their own produce, maintain their own gardens and for those who wish to pursue employment, an accredited qualification. We intend to produce a quality product for resale to the wider community and deliver training to schools and community groups. This will create an interface between disabled people and their own community where disabled people are recognised as skilled people contributing to the community. Public Benefit Statement The directors of Willowbank Organic Producers Limited conform 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 benefit and that the public benefit requirement has informed the activities of the charitable company in the year ended 31 March 2024. 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 Organic Produters Limited (Charitable Company Limited by Guarantee) DIREcfoRS' REPORT for the ear ended 31 March 2024 continued Financial Review Finoncial Performance The results for the year are set out in detail on pages 7 to 18. The charitable company returned net incoming resources for the year of £2,26612023'. net outgoing resources of £3,980). At 31 March 2024, the total funds of the charity amounted to £35,93112023: £33,665) comprising restricted funds of £l,01112023'. £2.3 151 and unrestricted funds of £34,92012023.' £31,350). Principle sources of funding and how this has supported the key objectives of the charitable company are disclosed in the notes to the financial statements. Reserves Policy 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 Orgonisationol Strurture The cha ritable 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 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 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. Dirertors The directors during the year are the same as the directors listed on page 2. Taxution 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 (United Kingdom Generally Accepted Accounting Practice).
Willowbank Organic Producers Limited Icharitable Company Llmited by Guarantee) DIREcfoRS' REPORT for the ear ended 31 March 2024 continued Company law requires the directors to prepare f inancial 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 resou rces and application of resources, including the income a nd expenditure of the charitable company for that year. In preparing these financial statements, the director5 are required to: select suitable accounting policies and apply them consistently,. 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 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 accu racy 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 20 December 2024 and signed on its behalf by: Registered Office: Willowbank Community Resource Centre Carland Road Dungannon Co Tyrone BT714AA Catherine Mccrory Director Company Registration Number: N1049935 Charity Registration Number: 101845