Abbreviated Company Accounts - THE NEW ISLAND CONSERVATION TRUST

THE NEW ISLAND CONSERVATION TRUST - Company Information

Registered Number 03057961

THE NEW ISLAND CONSERVATION TRUST

Abbreviated Accounts

30 August 2015

THE NEW ISLAND CONSERVATION TRUST Registered Number 03057961

Abbreviated Balance Sheet as at 30 August 2015

	Notes	2015	2014
		£	£
Fixed assets
Tangible assets	3	807,710	812,381
		807,710	812,381
Current assets
Stocks		2,653	1,872
Debtors		2,639	13,981
Cash at bank and in hand		275,964	218,767
		281,256	234,620
Creditors: amounts falling due within one year		(4,843)	(20,552)
Net current assets (liabilities)		276,413	214,068
Total assets less current liabilities		1,084,123	1,026,449
Total net assets (liabilities)		1,084,123	1,026,449
Reserves
Income and expenditure account		1,084,123	1,026,449
Members' funds		1,084,123	1,026,449

For the year ending 30 August 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 26 May 2016

And signed on their behalf by:
D O Crwys-Williams, Director
H Pearce, Director

THE NEW ISLAND CONSERVATION TRUST Registered Number 03057961

Notes to the Abbreviated Accounts for the period ended 30 August 2015

1Accounting Policies

Basis of measurement and preparation of accounts
The financial statements are prepared under the historical cost convention and in accordance with the Financial Reporting Standard for Smaller Entities (effective April 2008), the Statement of Recommended Practice 'Accounting and Reporting by Charities' issued in March 2005 (SORP 2005) and the Companies Act 2006.
The company has taken advantage of the exemption from preparing a cash flow statement conferred by Financial Reporting Standard number I on the grounds that it is entitled to the exemptions available under the Companies Act 2006 for small companies.

Tangible assets depreciation policy
Tangible fixed assets are stated at cost less accumulated depreciation. Depreciation is provided at rates calculated to write off the cost less residual value of each asset over its expected useful life, as follows:
Plant and machinery 20% straight line
Building: Field Station 5% straight line
Motor vehicles 25% straight line
The threshold for capitalisation of assets of £250 per individual item has been adopted.
With regards to the other land and buildings, the allocation of the costs of acquisition between land (which is non-depreciable) and buildings (which is depreciable) is not known. In the absence of a meaningful figure, no provision for depreciation of this asset category is made in these accounts.

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

3Tangible fixed assets

	£
Cost
At 1 September 2014	925,682
Additions	1,446
Disposals	-
Revaluations	-
Transfers	-
At 30 August 2015	927,128
Depreciation
At 1 September 2014	113,301
Charge for the year	6,117
On disposals	-
At 30 August 2015	119,418
Net book values
At 30 August 2015	807,710
At 31 August 2014	812,381