Abbreviated Company Accounts - HALCROW FOUNDATION

HALCROW FOUNDATION - Company Information

Registered Number 05593409

HALCROW FOUNDATION

Abbreviated Accounts

31 December 2014

HALCROW FOUNDATION Registered Number 05593409

Abbreviated Balance Sheet as at 31 December 2014

	2014	2013
	£	£
Current assets
Cash at bank and in hand	100,398	166,192
	100,398	166,192
Creditors: amounts falling due within one year	(80,098)	(99,547)
Net current assets (liabilities)	20,300	66,645
Total assets less current liabilities	20,300	66,645
Total net assets (liabilities)	20,300	66,645
Reserves
Income and expenditure account	20,300	66,645
Members' funds	20,300	66,645

For the year ending 31 December 2014 the company was entitled to exemption under section 477 of the Companies Act 2006 relating to small companies.
The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared in accordance with the provisions applicable to companies subject to the small companies regime.

Approved by the Board on 20 April 2015

And signed on their behalf by:
D J KERR, Director

HALCROW FOUNDATION Registered Number 05593409

Notes to the Abbreviated Accounts for the period ended 31 December 2014

1Accounting Policies

Basis of measurement and preparation of accounts
The financial statements are prepared under the historical cost convention and in accordance with the Companies Act 1985 and the Statement of Recommended Practice: Accounting and Reporting by Charities issued in March 2005. The applicable accounting policies are described below. They have all been applied consistently throughout the current period.
Fund accounting
Unrestricted funds are available for use at the discretion of the trustees in furtherance of the general objectives of the charity,
• Designated funds are unrestricted funds earmarked by the trustees for particular purposes.
• Restricted funds are subjected to restrictions on their expenditure imposed by the donor or through the terms of an appeal.
Incoming resources
All incoming resources are included in the statement of financial activities when the charity is entitled to the income and the amount can be quantified with reasonable accuracy. The following specific policies are applied to particular categories of income:
• Voluntary income is received by way of grants, donations and gifts and is included in full in the Statement of Financial Activities when receivable.
• Investment income is included when receivable.

Resources expended
Expenditure is recognised on an accruals basis as a liability is incurred. Expenditure includes any VAT which cannot be fully recovered and is reported as part of the expenditure to which it relates:
• Charitable expenditure comprises those costs incurred by the charity in the delivery of its activities and services for beneficiaries. It includes both costs that can be allocated directly to such activities and those costs of an indirect nature necessary to support them,
• Governance costs include those costs associated with meeting the constitutional and statutory requirements of the charity.

2Company limited by guarantee
Company is limited by guarantee and consequently does not have share capital.