Accounts filed on 31-08-2015
Accounts filed on 31-08-2015
trueTaunton Vineyard Church041590682015-08-3118608117896218608117896218608117896218608117896216863216522476457941176277173165104386741040016583916602417449137381744913738Basis of accounting
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).
Turnover
The turnover shown in the income and expenditure account represents amounts received of charitable donations during the year.
Stocks
Stocks are valued at the lower of cost and net realisable value, after making due allowance
for obsolete and slow moving items.
Operating lease agreements
Rentals applicable to operating leases where substantially all of the benefits and risks of ownership remain with the lessor are charged against income on a straight line basis over the period of the lease.
Fixed Assets
All fixed assets are initially recorded at cost.
Financial Instruments
Financial liabilities and equity instruments are classified according to the substance of the contractual arrangements entered into. An equity instrument is any contract that evidences a residual interest in the assets of the entity after deducting all of its financial liabilities.
Where the contractual obligations of financial instruments are equivalent to a similar debt instrument, those financial instruments are classed as financial liabilities and are presented as such in the balance sheet. Finance costs and gains or losses relating to financial liabilities are included in the profit and loss account. Finance costs are calculated so as to produce a constant rate of return on the outstanding liability.Equipmentreducing balance0.150036516297956832-11119067160573079-6936516297956832-1111906716057-6930792016-03-14Mr R C Stamptruetruetruetruexbrli:sharesiso4217:GBPxbrli:pureTaunton Vineyard Church2014-09-012015-08-31Taunton Vineyard Church2013-09-012014-08-31Taunton Vineyard Church2013-08-31Taunton Vineyard Church2014-08-31Taunton Vineyard Church2014-08-31Taunton Vineyard Church2015-08-31 2016-03-31
