Abbreviated Company Accounts - THE ARCHBISHOP OF YORK YOUTH TRUST

1Accounting Policies

Basis of measurement and preparation of accounts
The financial statements have been prepared in accordance with the Accounting and Reporting by Charities: Statement of Recommended Practice applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) (effective 1st January 2015_ - (Charities SORP (FRS 102)), the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) and the Companies Act 2006.

The Archbishop of York Youth Trust meets the definition of a public benefit entity under FRS 102. Assets and Liabilities are initially recognised at historical cost or transaction value unless otherwise stated in the relevant accounting policy note(s).

Turnover policy
Voluntary income is received by way of grants, donations and gifts and is included in full in the statement of financial activities when receivable. Grants where entitlement is not conditional on the delivery of a specific performance by the charity are recognised when the charity becomes unconditionally entitled to the grant. Until the criteria for income recognition are met income is deferred (see note).

Income from government and other grants, whether 'capital' grants or 'revenue' grants, is recognised when the charity has entitlement to the funds, any performance conditions attached to
the grants have been met, it is probable that the income will be received and the amount can be measured reliably and is not deferred.

Incoming resources from two reclaims are included in the SOFA when the charity has unconditional entitlement to the resource.

Donated services and facilities are included at the value to the charity where this can be quantified. Investment income is included in the SOFA when received.
Incoming resources from charitable trading activities are accounted for when earned.

Gifts in kind are accounted for at a reasonable estimate of their value to the charity or the amount actually realised. Gifts in kind for use by the charity are included in the SOFA as incoming resources when receivable.

Tangible assets depreciation policy
Tangible fixed assets are stated at cost less depreciation. Depreciation is provided at rates calculated to write off the cost less estimated residual value of each asset over its expected useful life, as follows:

Office and computer equipment- 33% straight line

Intangible assets amortisation policy
Expenditure on a Feasibility Study for the Young Leaders Award of £10,000 has been treated as Development Expenditure in line with SSAP 13 and capitalised on the balance sheet as an intangible fixed asset. Amortisation is calculated to write off the cost of the value of the asset over its expected useful life, held to be 5 years. This amount has now been written down to nil.

Valuation information and policy
Investments quoted on a recognised stock exchange are valued at market value at the year end. Other investment assets are included at Trustees' best estimate of market value.

Other accounting policies
Transition to FRS 102
The opening fund balances at the date of transition have been restated due to a liability for holiday pay.

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

5Fixed assets Investments
Material investment holdings:
CCLA Global equity income fund: £19,647
CCLA Investment Fund: £19,792
CCLA Equity Fund: £19,076