ACCOUNTS - Final Accounts

THE PATIENT INFORMATION FORUM LIMITED - Company Information

Caseware UK (AP4) 2016.0.181 2016.0.181 2017-12-312017-12-31The financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies regime and in accordance with the provisions of FRS 102 Section 1A - small entities.The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.Information Servicefalse2017-01-01truetrue 06562222 2017-01-01 2017-12-31 06562222 2016-01-01 2016-12-31 06562222 2017-12-31 06562222 2016-12-31 06562222 c:Director5 2017-01-01 2017-12-31 06562222 d:ComputerEquipment 2017-01-01 2017-12-31 06562222 d:ComputerEquipment 2017-12-31 06562222 d:ComputerEquipment 2016-12-31 06562222 d:ComputerEquipment d:OwnedOrFreeholdAssets 2017-01-01 2017-12-31 06562222 d:CurrentFinancialInstruments 2017-12-31 06562222 d:CurrentFinancialInstruments 2016-12-31 06562222 d:CurrentFinancialInstruments d:WithinOneYear 2017-12-31 06562222 d:CurrentFinancialInstruments d:WithinOneYear 2016-12-31 06562222 d:RetainedEarningsAccumulatedLosses 2017-12-31 06562222 d:RetainedEarningsAccumulatedLosses 2016-12-31 06562222 c:FRS102 2017-01-01 2017-12-31 06562222 c:AuditExempt-NoAccountantsReport 2017-01-01 2017-12-31 06562222 c:FullAccounts 2017-01-01 2017-12-31 06562222 c:PrivateLimitedCompanyLtd 2017-01-01 2017-12-31 iso4217:GBP xbrli:pure

Registered number: 06562222

THE PATIENT INFORMATION FORUM LIMITED

(A company limited by guarantee)

UNAUDITED

FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 DECEMBER 2017

THE PATIENT INFORMATION FORUM LIMITED

(A company limited by guarantee)

REGISTERED NUMBER: 06562222

BALANCE SHEET

AS AT 31 DECEMBER 2017

		2017		2016
Note		£		£

Fixed assets
Tangible assets	4		125		323
			125		323
Current assets
Debtors: amounts falling due within one year	5	27,290		25,486
Cash at bank and in hand		57,730		112,744
		85,020		138,230
Creditors: amounts falling due within one year	6	(18,323)		(73,749)
Net current assets			66,697		64,481
Total assets less current liabilities			66,822		64,804

Net assets			66,822		64,804

Capital and reserves
Profit and loss account	66,822	64,804
	66,822	64,804

The directors consider that the Company is entitled to exemption from audit under section 477 of the Companies Act 2006 and members have not required the Company to obtain an audit for the year in question in accordance with section 476 of Companies Act 2006.

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 financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies regime and in accordance with the provisions of FRS 102 Section 1A - small entities.

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THE PATIENT INFORMATION FORUM LIMITED

(A company limited by guarantee)

REGISTERED NUMBER: 06562222

BALANCE SHEET (CONTINUED)

AS AT 31 DECEMBER 2017

The financial statements have been delivered in accordance with the provisions applicable to companies subject to the small companies regime.

The Company has opted not to file the profit and loss account in accordance with provisions applicable to companies subject to the small companies' regime.

The financial statements were approved and authorised for issue by the board and were signed on its behalf on 7 March 2018.

S Farrington

Director

The notes on pages 3 to 6 form part of these financial statements.

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THE PATIENT INFORMATION FORUM LIMITED

(A company limited by guarantee)

NOTES TO THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 DECEMBER 2017

1.	General information

The Company is a private company limited by guarantee. It is both incorporated and domiciled in England and Wales. The address of its registered office is 7 The Close, Norwich, Norfolk, NR1 4DJ.
The company's principal activity is a UK membership organisation and network for people working in, and involved with, healthcare information and support.

2.Accounting policies

2.1

Basis of preparation of financial statements

The financial statements have been prepared under the historical cost convention unless otherwise specified within these accounting policies and in accordance with Section 1A of Financial Reporting Standard 102, the Financial Reporting Standard applicable in the UK and the Republic of Ireland and the Companies Act 2006.

The preparation of financial statements in compliance with FRS 102 requires the use of certain critical accounting estimates. It also requires management to exercise judgment in applying the Company's accounting policies.

The following principal accounting policies have been applied:

2.2

Revenue

Turnover comprises revenue recognised by the company in respect of membership income, grant funding and event income. Membership income is recognised on a receipts basis, grant funding is recognised in proportion to performance and events income is recognised on the accruals basis.

2.3

Tangible fixed assets

Tangible fixed assets under the cost model are stated at historical cost less accumulated depreciation and any accumulated impairment losses. Historical cost includes expenditure that is directly attributable to bringing the asset to the location and condition necessary for it to be capable of operating in the manner intended by management.

Depreciation is charged so as to allocate the cost of assets less their residual value over their estimated useful lives, using the straight-line method.

Depreciation is provided on the following basis:

Computer equipment

33%

straight line

The assets' residual values, useful lives and depreciation methods are reviewed, and adjusted prospectively if appropriate, or if there is an indication of a significant change since the last reporting date.

Gains and losses on disposals are determined by comparing the proceeds with the carrying amount and are recognised in the Profit and loss account.

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THE PATIENT INFORMATION FORUM LIMITED

(A company limited by guarantee)

NOTES TO THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 DECEMBER 2017

2.Accounting policies (continued)

2.4

Cash and cash equivalents

Cash is represented by cash in hand and deposits with financial institutions repayable without penalty on notice of not more than 24 hours. Cash equivalents are highly liquid investments that mature in no more than three months from the date of acquisition and that are readily convertible to known amounts of cash with insignificant risk of change in value.

2.5

Financial instruments

The Company only enters into basic financial instrument transactions that result in the recognition of financial assets and liabilities like trade and other debtors and creditors.
Debt instruments that are payable or receivable within one year, typically trade debtors and creditors, are measured, initially and subsequently, at the undiscounted amount of the cash or other consideration expected to be paid or received.

2.6

Pensions

Defined contribution pension plan

The Company operates a defined contribution plan for its employees. A defined contribution plan is a pension plan under which the Company pays fixed contributions into a separate entity. Once the contributions have been paid the Company has no further payment obligations.

The contributions are recognised as an expense in the Profit and loss account when they fall due. Amounts not paid are shown in accruals as a liability in the Balance sheet. The assets of the plan are held separately from the Company in independently administered funds.

Employees

The average monthly number of employees, including directors, during the year was 8 (2016 - 6).

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THE PATIENT INFORMATION FORUM LIMITED

(A company limited by guarantee)

NOTES TO THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 DECEMBER 2017

4.	Tangible fixed assets

		Computer equipment
		£
	Cost or valuation
	At 1 January 2017	967
	At 31 December 2017	967
	Depreciation
	At 1 January 2017	644
	Charge for the year on owned assets	198
	At 31 December 2017	842
	Net book value
	At 31 December 2017	125
	At 31 December 2016	323

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THE PATIENT INFORMATION FORUM LIMITED

(A company limited by guarantee)

NOTES TO THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 DECEMBER 2017

Debtors

					2017	2016
					£	£


Trade debtors	25,280	16,699
Prepayments and accrued income	2,010	8,787
	27,290	25,486

6.	Creditors: Amounts falling due within one year
		2017	2016
		£	£

Trade creditors	1,989	5,724
Other taxation	4,303	5,521
Other creditors	111	111
Accruals and deferred income	11,920	62,393
	18,323	73,749


7.	Company status

The company is a private company limited by guarantee and consequently does not have share capital. Each member is liable to contribute an amount not exceeding £1 towards the assets of the company in the event of liquidation.

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