Abbreviated Company Accounts - DUNCOMBE COMMUNITY ARTS AND SPORTS CENTRE
Abbreviated Company Accounts - DUNCOMBE COMMUNITY ARTS AND SPORTS CENTRE
Registered Number 08568639
DUNCOMBE COMMUNITY ARTS AND SPORTS CENTRE
Abbreviated Accounts
31 March 2015
DUNCOMBE COMMUNITY ARTS AND SPORTS CENTRE Registered Number 08568639
Abbreviated Balance Sheet as at 31 March 2015
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| Intangible assets |
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| Tangible assets |
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| Investments |
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| Current assets | |||
| Stocks |
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| Debtors |
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| Investments |
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| Cash at bank and in hand |
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| Prepayments and accrued income |
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| Creditors: amounts falling due within one year |
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| Net current assets (liabilities) |
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| Total assets less current liabilities |
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| Creditors: amounts falling due after more than one year |
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| Provisions for liabilities |
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| Accruals and deferred income |
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| Total net assets (liabilities) |
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| Reserves | |||
| Revaluation reserve |
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| Other reserves |
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| Income and expenditure account |
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| Members' funds |
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For the year ending 31 March 2015 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
And signed on their behalf by:
DUNCOMBE COMMUNITY ARTS AND SPORTS CENTRE Registered Number 08568639
Notes to the Abbreviated Accounts for the period ended 31 March 2015
1Accounting Policies
Basis of measurement and preparation of accounts
The financial statements have been prepared under the historical cost convention. In future and when applicable, the valuation of investment assets will be shown at market value.
Other accounting policies
All incoming resources are included on the Statement of Financial Activities when the charity is legally entitled to the income and the amount can be quantified with reasonable accuracy
Grants (and legacies) to the charity are accounted for as soon as the Charity is notified of its legal entitlement, the amount due is quantifiable and its ultimate receipt by the charity is reasonably certain.
Income from investment interest is accounted for on a receivable basis.
The value of any voluntary help is not included in the accounts.
Resources expended and liabilities
Expenditure is accounted for on an accruals basis and has been classified under headings that aggregate all the costs related to the category.
Governance Costs
Cost of establishing the company and charity and the preparation and examination of statutory accounts.
Taxation
The charity is exempt from tax on its charitable activities.
Fund Accounting
General unrestricted funds represent the funds of the charity that are not subject to any restrictions regarding their use and are available for application on the general purposes of the charity.
Restricted funds can only be used for particular purposes within the objects of the charity. Restrictions arise when specified by the donor or when funds are raised for particular restricted purposes.
2Company limited by guarantee