The National Needlework Archive - Period Ending 2014-06-30
The National Needlework Archive - Period Ending 2014-06-30
Registration number:
(A company limited by guarantee)
Unaudited Abbreviated Accounts
for the Year Ended
The National Needlework Archive
Contents
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The following reproduces the text of the accountants' report in respect of the company's annual financial statements, from which the abbreviated accounts (set out on pages 2 to 3) have been prepared.
Chartered Accountants' Report to the Board of Directors on the Preparation of the Unaudited Statutory Accounts of
The National Needlework Archive
for the Year Ended 30 June 2014
In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the accounts of The National Needlework Archive for the year ended 30 June 2014 set out on pages from the company's accounting records and from information and explanations you have given us.
As a practising member firm of the Chartered Institute of Management Accountants in England and Wales (ACMA), we are subject to its ethical and other professional requirements which are detailed at http://www.cimaglobal.com.
This report is made solely to the Board of Directors of The National Needlework Archive, as a body, in accordance with the terms of our engagement letter. Our work has been undertaken solely to prepare for your approval the accounts of The National Needlework Archive and state those matters that we have agreed to state to them, as a body, in this report in accordance with AAF 2/10 as detailed at icaew.com/compilation. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than The National Needlework Archive and its Board of Directors as a body for our work or for this report.
It is your duty to ensure that The National Needlework Archive has kept adequate accounting records and to prepare statutory accounts that give a true and fair view of the assets, liabilities, financial position and loss of The National Needlework Archive. You consider that The National Needlework Archive is exempt from the statutory audit requirement for the year.
We have not been instructed to carry out an audit or a review of the accounts of The National Needlework Archive. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory accounts.
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Mr Andrew Eagles
Chartered Institute of Management Accountants
Twitchen
Odiham Road
Riseley
Berks
RG7 1SD
12 March 2015
The National Needlework Archive
(Registration number: 07295246)
Abbreviated Balance Sheet at 30 June 2014
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2014
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2013
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Current assets |
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Cash at bank and in hand |
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Creditors: Amounts falling due within one year |
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Net assets |
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Capital and reserves |
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Profit and loss account |
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Shareholders' funds |
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Approved by the Board on
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Mrs Linda Connell
Director
2
The National Needlework Archive
Notes to the Abbreviated Accounts for the Year Ended 30 June 2014
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Accounting policies |
Basis of preparation
Turnover
Company status |
The company is a private company limited by guarantee and consequently does not have share capital. Each of the members is liable to contribute an amount not exceeding £1 towards the assets of the company in the event of liquidation.
5. Surplus
During the period none of the directors took any emoluments
6. Assets Not Valued
The NNA holds in trust (on behalf of the nation) a number of textiles. No monetary values has been assigned to these items as theybare impossible to replace.
The NNA has accumulated an extensice library. This similarly has not been valued for accounting purposes.
7. Corporation Tax
The company as a registered charity (1136942) is exempt from corporation tax.