Abbreviated Company Accounts - AXMINSTER HEALTH & WELLBEING CENTRE

AXMINSTER HEALTH & WELLBEING CENTRE - Company Information

Registered Number 03265670

AXMINSTER HEALTH & WELLBEING CENTRE

Abbreviated Accounts

31 October 2015

AXMINSTER HEALTH & WELLBEING CENTRE Registered Number 03265670

Abbreviated Balance Sheet as at 31 October 2015

	Notes	2015	2014
		£	£
Fixed assets
Tangible assets	3	65,861	66,012
Investments	4	34,276	33,433
		100,137	99,445
Current assets
Debtors		116	107
Cash at bank and in hand		8,931	8,833
		9,047	8,940
Prepayments and accrued income		536	89
Creditors: amounts falling due within one year		(2,165)	(1,182)
Net current assets (liabilities)		7,418	7,847
Total assets less current liabilities		107,555	107,292
Total net assets (liabilities)		107,555	107,292
Reserves
Other reserves		107,292	107,052
Income and expenditure account		263	240
Members' funds		107,555	107,292

For the year ending 31 October 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 23 May 2016

And signed on their behalf by:
Mrs G M Perrow, Director

AXMINSTER HEALTH & WELLBEING CENTRE Registered Number 03265670

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

1Accounting Policies

Basis of measurement and preparation of accounts
The financial statements have been prepared under the historical cost convention and in accordance with applicable Accounting Standards and the Statement of Recommended Practice on Accounting by Charities.

Turnover policy
Income is the total amount received by the company in donations, charges for the use of the facilities and income form fund raising events.

Tangible assets depreciation policy
It is the policy to depreciate all items of equipment over their effective useful lives at 25% on the reducing balance method.

No depreciation has been charged on the freehold property, which is well maintained and all costs of repairs and improvements are charged as direct charitable expenditure when incurred.

Other accounting policies
Allocation of costs between direct charitable expenditure and other expenditure
It is considered that all the expenditure is directly for charitable purposes with the exception of the office finance costs and promotional expenses.

Fund Accounting
Separate records would be kept for funds which have restricted use. The charity's general fund may be used by the charity at its discretion to further its stated charitable objectives.

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

3Tangible fixed assets

	£
Cost
At 1 November 2014	73,119
Additions	-
Disposals	-
Revaluations	-
Transfers	-
At 31 October 2015	73,119
Depreciation
At 1 November 2014	7,107
Charge for the year	151
On disposals	-
At 31 October 2015	7,258
Net book values
At 31 October 2015	65,861
At 31 October 2014	66,012

4Fixed assets Investments
Market value at 31 October 2015
COIF Fixed Interest Fund 8,834.63 units 11,719
COIF Investment Fund 398.01 units 4,905
COIF Investment Fund 1432.39 units 17,652
34,276