Abbreviated Company Accounts - VOLUNTARY SECTOR MENTAL HEALTH PROVIDERS FORUM
Abbreviated Company Accounts - VOLUNTARY SECTOR MENTAL HEALTH PROVIDERS FORUM
Registered Number 05536120
VOLUNTARY SECTOR MENTAL HEALTH PROVIDERS FORUM
Abbreviated Accounts
31 March 2014
VOLUNTARY SECTOR MENTAL HEALTH PROVIDERS FORUM Registered Number 05536120
Abbreviated Balance Sheet as at 31 March 2014
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| Creditors: amounts falling due within one year |
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| Total assets less current liabilities |
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| Members' funds |
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For the year ending 31 March 2014 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
And signed on their behalf by:
VOLUNTARY SECTOR MENTAL HEALTH PROVIDERS FORUM Registered Number 05536120
Notes to the Abbreviated Accounts for the period ended 31 March 2014
1Accounting Policies
Basis of measurement and preparation of accounts
Tangible assets depreciation policy
Depreciation is calculated so as to the write off cost of tangible fixed assets over the estimated useful lives of the assets concerned as follows:
Computer equipment Over 3 years
Other accounting policies
Membership income is recognised over the year to which it relates, net of VAT.
Revenue grants are credited to the accounts when received or receivable, whichever is earlier, unless they relate to a specific future year, in which case they are deferred.
Expenditure
Resources expended are recognised in the year in which they are incurred. Resources expended include attributable VAT which cannot be recovered. Costs are allocated to activities where directly attributable. Support costs are apportioned on the following basis based on an estimate of staff time spent on each activity:
Membership services and projects 49%
Strategic partnership programme 37%
Legislation project 7%
Recovery Star 5%
Governance 2%
Governance costs include costs incurred in meeting constitutional and statutory requirements.
Fund accounting
The general fund comprises those monies that may be used towards meeting the charitable objectives at the discretion of the trustees.
The designated funds are monies set aside out of general funds and designated for specific purposes by the trustees.
The restricted funds are monies raised for, and their use restricted to, a specific purpose, or donations subject to donor imposed conditions. Expenditure meeting the relevant criteria is charged to this fund.
Taxation
The company is a registered charity and therefore is not liable for income tax or corporation tax on income derived from its charitable activities, as it falls within the various exemptions available to registered charities.
Pension costs
The charitable company operates a defined contribution scheme. The assets of the scheme are held separately from those of the charitable company in an independently administered fund. The pension cost charge represents contributions payable under the scheme by the charitable company to the fund. The charitable company has no liability under the scheme other than for the payment of those contributions.
2Company limited by guarantee