Abbreviated Company Accounts - THE INSPIRING FUTURES FOUNDATION

THE INSPIRING FUTURES FOUNDATION - Company Information

Registered Number 00373984

THE INSPIRING FUTURES FOUNDATION

Abbreviated Accounts

31 August 2016

THE INSPIRING FUTURES FOUNDATION Registered Number 00373984

Abbreviated Balance Sheet as at 31 August 2016

	Notes	2016	2015
		£	£
Fixed assets
Tangible assets	3	105,180	276,009
Investments	4	705,904	664,729
		811,084	940,738
Current assets
Debtors		9,741	161,002
Investments		2,398	12,998
Cash at bank and in hand		14,507	107,110
		26,646	281,110
Creditors: amounts falling due within one year		(3,908)	(463,663)
Net current assets (liabilities)		22,738	(182,553)
Total assets less current liabilities		833,822	758,185
Total net assets (liabilities)		833,822	758,185
Reserves
Other reserves		833,822	758,185
Members' funds		833,822	758,185

For the year ending 31 August 2016 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 16 March 2017

And signed on their behalf by:
Dr Mike Hicks, Director
Mr Rex Vevers, Director

THE INSPIRING FUTURES FOUNDATION Registered Number 00373984

Notes to the Abbreviated Accounts for the period ended 31 August 2016

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.

Tangible assets depreciation policy
Office Furniture 10%
Computers & electrical equipment 33%
Computer Programmes 20%

Valuation information and policy
Investments are stated at Market Value at teh Balance Sheet date

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

3Tangible fixed assets

	£
Cost
At 1 September 2015	871,911
Additions	-
Disposals	(229,598)
Revaluations	-
Transfers	-
At 31 August 2016	642,313
Depreciation
At 1 September 2015	595,902
Charge for the year	162,742
On disposals	(221,511)
At 31 August 2016	537,133
Net book values
At 31 August 2016	105,180
At 31 August 2015	276,009

4Fixed assets Investments
Investments are stated at a valuation of £705905 had an original cost of £502419. They consist principally of quoted Common Investment Funds and European unit trusts.