Abbreviated Company Accounts - HELLESDON CHRISTIAN FELLOWSHIP

HELLESDON CHRISTIAN FELLOWSHIP - Company Information

Registered Number 07814146

HELLESDON CHRISTIAN FELLOWSHIP

Abbreviated Accounts

31 December 2014

HELLESDON CHRISTIAN FELLOWSHIP Registered Number 07814146

Abbreviated Balance Sheet as at 31 December 2014

	Notes	2014	2013
		£	£
Fixed assets
Tangible assets	3	625,000	625,000
		625,000	625,000
Current assets
Debtors		5,561	144,104
Cash at bank and in hand		102,130	48,969
		107,691	193,073
Prepayments and accrued income		3,384	1,646
Creditors: amounts falling due within one year		-	(69,986)
Net current assets (liabilities)		111,075	124,733
Total assets less current liabilities		736,075	749,733
Accruals and deferred income		(1,053)	(1,897)
Total net assets (liabilities)		735,022	747,836
Reserves
Income and expenditure account		735,022	747,836
Members' funds		735,022	747,836

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 27 September 2015

And signed on their behalf by:
Andrew Southgate, Director
Andrew Yuill, Director

HELLESDON CHRISTIAN FELLOWSHIP Registered Number 07814146

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

1Accounting Policies

Basis of measurement and preparation of accounts
The financial statements have been prepared under the historical cost convention and in accordance with the Financial Reporting Standard for Smaller Entities (effective April 2008), the Charities Act 2011 and the requirements of the Statement of Recommended Practice, Accounting and Reporting by Charities, issued in March 2005.

Turnover policy
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. The following specific policies are applied to particular categories of income.

Voluntary income is received by way of grants and donations and is included in full in the Statement of Financial Activities when receivable. Incoming resources from tax reclaims on donations and gifts are included in the Statement of Financial Activities at the same time as the gifts to which they relate.

Donated services and facilities are included at the value to the charity where this can be quantified. The value of services provided by volunteers has not been included in these accounts.

Investment income is included when receivable.

Tangible assets depreciation policy
Depreciation is calculated to write off the cost, less estimated residual values, of fixed assets over their estimated useful economic lives to the charity. Where the useful economic life of an asset exceeds 50 years, no depreciation is charged.

Other accounting policies
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 a particular form of unrestricted funds, being funds that are not actually restricted in their use but which have been 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.

2Company limited by guarantee
The charity is a company limited by guarantee and does not have a share capital. The members of the charity total eight and have guaranteed that in the event of the charity being wound up during their membership or one year thereafter, each would contribute to the assets of the charity a sum not exceeding £1.

3Tangible fixed assets

	£
Cost
At 1 January 2014	625,000
Additions	-
Disposals	-
Revaluations	-
Transfers	-
At 31 December 2014	625,000
Depreciation
At 1 January 2014	-
Charge for the year	-
On disposals	-
At 31 December 2014	-
Net book values
At 31 December 2014	625,000
At 31 December 2013	625,000

Tangible assets represents freehold land & buildings