2025-03-31-accounts

Company Registration Number: NI049935 Charity Registration Number: 101845

Willowbank Organic Producers Limited (Charitable Company Limited by Guarantee)

Annual Report and Financial Statements for the year ended 31 March 2025

Willowbank Organic Producers Limited (Charitable Company Limited by Guarantee)

CONTENTS

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|||||| |---|---|---|---|---| |Page| |General|Information|2| |Directors’|Report|3-5| |Independent|Examiner’s|Report|6| |Statement|of Financial|Activities|7| |Statement|of|Financial|Position|8| |Notes to|the|Financial|Statements|9-18|

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Willowbank Organic Producers Limited (Charitable Company Limited by Guarantee)

GENERAL INFORMATION

Board of Directors	Marion McKenna
	Kenneth Ferguson
	Catherine McCrory
	Andrew Trotter
Registered Office	Willowbank Community Resource Centre
	Carland Road
	Dungannon
	CountyTyrone
	BT71 4AA
Company Registration Number	NI049935
Charity Registration Number	101845
Independent Examiner	Ruddell and Company
	Chartered Accountants and Registered Auditors
	16 - 18 Church Street
	Dungannon
	CountyTyrone
	BT71 6AB
Solicitors	PA Duffy& Co
	5 - 7 Irish Street
	Dungannon
	CountyTyrone
	BT70 1JW
Bankers	Bank of Ireland
	11 Market Street
	Magherafelt
	County Londonderry
	BT456EE

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Willowbank Organic Producers Limited

(Charitable Company Limited by Guarantee)

DIRECTORS’ REPORT for the year ended 31 March 2025

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 2025.

The financial statements have been prepared in accordance with the Statement of Recommended Practice “Accounting and Reporting by Charities” (FRS 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.

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 train 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 (Get Up and Grow) 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.

• Weintend 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 4(6) of the Charities Act (Northern 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 2025.

Achievements and Performance

The directors are confident that the charitable company continues to meet its performance objectives to benefit the local community. The charitable company continues to receive funding from local bodies.

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Willowbank Organic Producers Limited

(Charitable Company Limited by Guarantee)

‘

DIRECTORS’ REPORT for the year ended 31 March 2025 (continued)

Financial Review

Financial 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 £3,020 (2024: net incoming resources of £2,266).

At 31 March 2025, the total funds of the charity amounted to £38,951 (2024: £35,931) comprising restricted funds of £759 (2024: £1,011) and unrestricted funds of £38,192 (2024: £34,920). 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

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 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 becomea 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).

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Willowbank Organic Producers Limited (Charitable Company Limited by Guarantee)

DIRECTORS’ REPORT for the year ended 31 March 2025 (continued)

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 (FRS102); - 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 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 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 17 November 2025 and signed on its behalf by:

Registered Office: Willowbank Community Resource Centre Carland Road Dungannon County Tyrone BT71 4AA

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(
wi ls {
Catherine McCrory
Director
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Company Registration Number: NI049935

Charity Registration Number: 101845

5

Willowbank Organic Producers Limited (Charitable Company Limited by Guarantee)

INDEPENDENT EXAMINER’S REPORT ON THE FINANCIAL STATEMENTS TO THE MEMBERS OF WILLOWBANK ORGANIC PRODUCERS LIMITED for the year ended 31 March 2025

| report on the accounts of the charity for the year ended 31 March 2025, which are set out on pages 2 to 18.

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 65(9)(b) of the Charities Act;

• state whether particular matters have come to my attention.

Basis of Independent Examiner’s Report

| 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 65(9)(b) 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 explanations 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 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

| have completed my examination and have no concerns in respect of the matters (1) to (4) listed above and in connections with the following the directions of the Charity Commission for Northern Ireland, | have found no matters that require drawing to your attention.

\avwihleees Ga dAaM

17 November 2025

Jonathan Ruddell For and on behalf of Ruddell and Company

Chartered Accountants & Registered Auditors 16 - 18 Church Street Dungannon County Tyrone BT71 6AB

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Willowbank Organic Producers Limited (Charitable Company Limited by Guarantee)

Company Registration Number: NI049935

Charity Registration Number: 101845

STATEMENT OF FINANCIAL ACTIVITIES

(including an Income & Expenditure Account) For the year ended 31 March 2025

	Unrestricted	Restricted	Total	Unrestricted	Restricted	Total
	Funds	Funds	Funds	Funds	Funds	Funds
	2025	2025	2025	2024	2024	2024
	£	£	£	£	£	£
Income and Endowments
Charitable Activities (Note 4)	-	-	-	-	-	-
Other Trading Activities (Note 4)	11,882	-	11,882	9,705	-	9,705
Total Income and Endowments	11,882	-	11,882	9,705	-	9,705
Resources Expended
Charitable Activities (Note 5)	8,610	252	8,862	6,860	579	7,439
Total Resources Expended	8,610	252	8,862	6,860	579	7,439
Net Incoming/Outgoing Resources
for the year	3,272	-252	3,020	2,845	-579	2,266
Transfers between Funds	-	-	-	725	-725	-
Balance Brought Forward	34,920	1,011	35,931	31,350	2,315	33,665
BalanceCarriedForward	38,192	759	38,951	34,920	1,011	35,931

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 18 form an integral part of these financial statements.

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Willowbank Organic Producers Limited (Charitable Company Limited by Guarantee)

‘

Company Registration Number: NI049935 Charity Registration Number: 101845

STATEMENT OF FINANCIAL POSITION as at 31 March 2025

	Note	2025	2024
		£	£
Fixed Assets
Tangible Assets	10	1,132	1,507
Current Assets
Inventories	11	2,000	2,000
Receivables	12	1,485	3
Cash and Cash Equivalents		35,306	33,438
		38,791	35,441
Payables: Amounts Falling Due Within One Year	13	-972	-1,017
Net Current Assets		37,819	34,424
Net Assets		38,951	35,931
Represented By:
Unrestricted Funds	14	38,192	34,920
Restricted Funds	14	759	1,011
TotalFunds	14	38,951	35,931

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 2006 (“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 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 18 form an integral part of the financial statements.

The financial statements were approved and authorised for issue by the Board of Directors on 17 November 2025 and signed on their behalf by:

CatherinCh e McCroryUC, Kenahergu<ernyKenneth Ferguson oth Director Director

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Willowbank Organic Producers Limited (Charitable Company Limited by Guarantee)

Company Registration Number: NI049935 Charity Registration number: 101845

.

NOTES TO THE FINANCIAL STATEMENTS For the year ended 31 March 2025

1. GENERAL INFORMATION

Willowbank Organic Producers 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 Office is as shown on page 2.

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 Compliance

The financial statements have been prepared in accordance with Accounting and Reporting by Charities: Statement of Recommended Practice (SORP) applicable to charities preparing their financial statements in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) issued on 16 July 2014 (as updated through Update Bulletin 1 published on 2 February 2016), the Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland (FRS 102) and the Companies Act 2006.

Willowbank Organic Producers Limited meets the definition of a public benefit entity under FRS 102.

2.2 Basis of Preparation

The financial statements are prepared on a going concern basis under the historical cost convention unless otherwise 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 1 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 and Endowments

(i) Charitable Activities

Incoming 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 included in the 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.

(ii) 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.

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Willowbank Organic Producers Limited (Charitable Company Limited by Guarantee)

Company Registration Number: NI049935 Charity Registration number: 101845

.

NOTES TO THE FINANCIAL STATEMENTS (continued)

For the year ended 31 March 2025

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 Activities

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 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.

Restricted Funds — Income received for specific purposes. Such purposes are within the overall aims of the charity.

2.7 Property, Plant and 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 calculated to write off the cost less residual value of each asset over its expected useful life, as follows:

Plant and Machinery 25% Reducing balance Fixtures and Fittings 25% Reducing balance

2.8 Financial Instruments

(i) Financial Assets

Basic financial assets, including trade and other receivables, cash and bank balances and amounts owed by related parties and are initially recognised at transaction price, unless the arrangement constitutes a financing transaction, where the transaction is measured at the present value of the of the future receipts discounted at a market rate of interest. Such assets subsequently carried at amortised cost using the effective interest method.

At the end of each reporting year 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.

10

Willowbank Organic Producers Limited (Charitable Company Limited by Guarantee)

Company Registration Number: NI049935 Charity Registration number: 101845

NOTES TO THE FINANCIAL STATEMENTS (continued) For the year ended 31 March 2025

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 (a) the contractual rights to the cash flows from the asset expire or are settled, or (b) substantially all the risks and rewards of the ownership of[the] asset are transferred to another party or (c) 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 arrangement 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 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 Judgements 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.

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Willowbank Organic Producers Limited (Charitable Company Limited by Guarantee)

Company Registration Number: NI049935 Charity Registration number: 101845

NOTES TO THE FINANCIAL STATEMENTS (continued) For the year ended 31 March 2025

2. ACCOUNTING POLICIES (continued)

Critical judgments in applying the entity’s accounting policies

There are no critical judgements in applying the charity’s accounting policies.

Critical accounting estimates and assumptions

There are no actual accounting estimates and assumptions.

2.10 Trade and Other Receivables

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 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 Tax.

3. GOING CONCERN

The company is dependent on related company 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 the related company 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 related company funding, or its reduction to an inadequate level.

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Willowbank Organic Producers Limited (Charitable Company Limited by Guarantee)

Company Registration Number: N1I049935 Charity Registration Number: 101845

NOTES TO THE FINANCIAL STATEMENTS (continued) For the year ended 31 March 2025

4, INCOME AND ENDOWMENTS

	Unrestricted	Restricted	Total	Unrestricted	Restricted	Total
	Funds	Funds	Funds	Funds	Funds	Funds
	2025	2025	2025	2024	2024	2024
	£	£	£	£	£	£
Charitable Activities
Grants	-	-	-	-	-	-
Total Income from Charitable
Activities	-	-	-	-	-	-
	Unrestricted	Restricted	Total	Unrestricted	Restricted	Total
	Funds	Funds	Funds	Funds	Funds	Funds
	2025	2025	2025	2024	2024	2024
	£	£	£	£	£	£
Other TradingActivities
Horticulture Services	11,178	-	11,178	8,585	-	8,585
Provision oftraining	704	-	704	1,120	-	1,120
Total Income from Other Trading
Activities	11,882	-	11,882	9,705	-	9,705

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Willowbank Organic Producers Limited (Charitable Company Limited by Guarantee)

Company Registration Number: NI049935 Charity Registration Number: 101845

NOTES TO THE FINANCIAL STATEMENTS (continued) For the year ended 31 March 2025

5. RESOURCES EXPENDED

	Unrestricted	Unrestricted	Restricted	Total	Unrestricted	Restricted	Total
		Funds	Funds	Funds	Funds	Funds — Funds
		2025	2025	2025	2024	2024	2024
		£	£	£	£	£	£
Charitable Activities
Purchases		4,665	-	4,665	3,027	-	3,027
Wages&Salaries		997	-	997	1,099	-	1,099
Insurance		1,156	-	1,156	1,961	-	1,961
Advertising		204	-	204	176	-	176
BankCharges		156	-	156	148	-	148
General Expenses		65	-	65	44	-	44
Repairs&Maintenance		284	-	284	1,555	-	1,555
Depreciation		123	252	375	165	579	744
Gain on Disposal ofTangible	Assets	-	-	-	-2,275	-	-2,275
Independent Examiner's Remunerat		960	-	960	960	-	960
TotalResourcesExpended		8,610	252	8,862	6,860	579	7,439

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, Willowbank Organic Producers Limited (Charitable Company Limited by Guarantee)

Company Registration Number: NI049935 Charity Registration Number: 101845

NOTES TO THE FINANCIAL STATEMENTS (continued) For the year ended 31 March 2025

6. SUPPORT COSTS

	Unrestricted	Restricted	Total	Unrestricted	Restricted	Total
	Funds	Funds	Funds	Funds	Funds	Funds
	2025	2025	2025	2024	2024	2024
	£	£	£	£	£	£
Charitable Activities
StaffCosts	997	-	997	1,099	-	1,099
Premises	1,156	-	1,156	1,961	-	1,961
General Office	65	-	65	44	-	44
Finance Costs	156	-	156	148	-	148
TotalSupportCosts	2,374	-	2,374	3,252	-	3,252

7. NET INCOME/EXPENDITURE FOR THE YEAR

Net Income/(Expenditure) is stated after charging:
	2025	2024
	£	£
Depreciation	375	744

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Willowbank Organic Producers Limited (Charitable Company Limited by Guarantee)

;

Company Registration Number: NI049935 Charity Registration Number: 101845

NOTESTOTHE FINANCIALSTATEMENTS (continued)
Forthe yearended 31 March 2025
8. INDEPENDENT EXAMINER'SREMUNERATION
	2025	2024
	£		£
Independent Examiner's Remuneration
- Services	960	960
	960	960
9. STAFF COSTSAND EMPLOYEE BENEFITS
The average number of persons employed bythe charitable company during the yearwas 1 (2024:			1)
The total staff costs and employee benefits were as follows:
	2025	2024
	£		£
Gross Wages and Salaries	997	1,099
Social Security Costs	-	=
Staff Pension Costs	-	-
	997	1,099

The average number of persons employed by the charitable company during the year was 1 (2024: 1)

No employee of the charitable company received total employee benefits of more than £60,000.

9.1 Directors' Remuneration

The directors received nor waived any remuneration or any other benefits during the year and no reimburserr of expenses incurred.

1. TANGIBLE ASSETS

10. TANGIBLE ASSETSASSETS
		Plantand	Fixtures
		Machineryand	and Fittings	Total
		£	£	£
Cost
At 31 March 2024		26,933	9,668	36,601
Disposals		-	-	-
At 31March 2025		26,933	9,668	36,601
Depreciation
At 31 March 2024		26,151	8,943	35,094
Charge foryear		194	181	375
Disposals		-	-	-
At 31 March 2025		26,345	9,124	35,469
CarryingAmount
At31March2025		588	544	1,132
At 31March2024	16	782	725	1,507

Willowbank Organic Producers Limited (Charitable Company Limited by Guarantee)

.

Company Registration Number: NI049935 Charity Registration Number: 101845

NOTES TO THE FINANCIAL STATEMENTS (continued) For the year ended 31 March 2025

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|||||||| |---|---|---|---|---|---|---| |11.|INVENTORIES| |2025|2024| |£|£| |Goods|for|Resale|2,000|2,000| |2,000|2,000| |12.|RECEIVABLES| |2025|2024| |£|£| |Trade|Receivables|323|3| |Prepayments|1,162|-| |1,485|3| |13.|PAYABLES:|AMOUNTS|DUE|FALLING|WITHIN|ONE YEAR| |2025|2024| |£|£| |Trade|Payables|12|57| |Accurals|960|960| |972|1,017|

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14. ANALYSIS OF NET ASSETS

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|||||| |---|---|---|---|---| |Unrestricted|Restricted|Total| |Funds|Funds|Funds| |£|£|£| |Fixed|Assets|373|759|1,132| |Current Assets|38,791|-|38,791| |Current|Liabilities|-972|-|-972| |Net Assets|38,192|759|38,951|

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Willowbank Organic Producers Limited (Charitable Company Limited by Guarantee)

Company Registration Number: NI049935 Charity Registration Number: 101845

NOTESTOTHE FINANCIALSTATEMENTS	(continued)
Forthe yearended 31March 2025
15. ANALYSIS OF FUNDS
	Opening	Income	Expenditure	Transfer	Closing
	Balance			Between	Balance
				Funds
	£	£	£	£	£
Community Foundation for NI	35	-	-8	-	27
Macbook Grant	250	-	-63	-	187
DSRBS Legacy Fund	163	-	-40	-	123
Challenge Fund	563	-	-141	-	422
Total Restricted Funds	1,011	-	-252	-	759
Unrestricted Funds	34,920	11,882	-8,610	-	38,192
Total	35,931	11,882	-8,862	-	38,951

16. CONTINGENT LIABILITIES

A contingent liability exists to repay grants received should certain conditions not be fulfilled by the charitable company.

18