Abbreviated Company Accounts - HUMAN VALUES FOUNDATION

HUMAN VALUES FOUNDATION - Company Information

Registered Number 03089834

HUMAN VALUES FOUNDATION

Abbreviated Accounts

31 March 2015

HUMAN VALUES FOUNDATION Registered Number 03089834

Abbreviated Balance Sheet as at 31 March 2015

	2015	2014
	£	£
Fixed assets
Intangible assets	-	-
Tangible assets	-	-
Investments	-	-
	-	-
Current assets
Stocks	4,055	4,599
Debtors	2,070	3,136
Investments	-	-
Cash at bank and in hand	62,635	50,261
	68,760	57,996
Prepayments and accrued income	4,364	343
Creditors: amounts falling due within one year	(3,583)	(1,513)
Net current assets (liabilities)	69,541	56,826
Total assets less current liabilities	69,541	56,826
Creditors: amounts falling due after more than one year	(456)	(495)
Provisions for liabilities	0	0
Accruals and deferred income	0	0
Total net assets (liabilities)	69,085	56,331
Reserves
Revaluation reserve	59,212	47,646
Other reserves	9,873	8,685
Income and expenditure account	0	0
Members' funds	69,085	56,331

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 3 October 2015

And signed on their behalf by:
Charles Fowler, Director

HUMAN VALUES FOUNDATION Registered Number 03089834

Notes to the Abbreviated Accounts for the period ended 31 March 2015

1Accounting Policies

Basis of measurement and preparation of accounts
The accounts have been prepared under the historical cost convention and in accordance with the Financial Reporting Standard for Smaller Entities effective April 2008.

Turnover policy
All incoming resources are included in the Statement Of Financial Activities (SOFA) when the Foundation is legally entitled to the income and the amount can be quantified with reasonable accuracy.

Donations are recognised when received and, unless donated for a specific purpose, are treated as contributions to the General Fund. Life subscriptions are taken to income over a period of 20 years.

No amounts are included in the financial statements for services donated by volunteers.

Income from assets comprises interest income on cash deposits and is included gross.

Tangible assets depreciation policy
When applicable, tangible fixed assets, costing more than £1,000, are capitalised and included at cost, including any incidental expenses of acquisition.

Intangible assets amortisation policy
When applicable, depreciation is provided on all tangible fixed assets at rates calculated to write off their cost or valuation less any residual value over their estimated useful economic lives as follows: Website development - straight line over 4 years.

Valuation information and policy
Stock consists of purchased goods for resale. Stocks are valued at the lower of cost and net realisable value. Cost is computed on a first-in, first-out basis. Net realisable value is based on an estimated selling price less the estimated cost of disposal.

Other accounting policies
Monetary assets and liabilities denominated in foreign currencies are translated into sterling at the rates of exchange prevailing at the accounting date. Transactions in foreign currencies are recorded at the date of the transactions. All differences are taken to the Income and Expenditure account.

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