Abbreviated Company Accounts - THE TY GLYN DAVIS TRUST LIMITED

THE TY GLYN DAVIS TRUST LIMITED - Company Information

Registered Number 03267674

THE TY GLYN DAVIS TRUST LIMITED

Abbreviated Accounts

31 March 2014

THE TY GLYN DAVIS TRUST LIMITED Registered Number 03267674

Abbreviated Balance Sheet as at 31 March 2014

	Notes	2014	2013
		£	£
Fixed assets
Tangible assets	3	111,600	114,608
		111,600	114,608
Current assets
Stocks		1,000	700
Debtors		3,163	2,919
Investments		321,196	280,254
Cash at bank and in hand		38,773	49,342
		364,132	333,215
Creditors: amounts falling due within one year		(5,446)	(5,646)
Net current assets (liabilities)		358,686	327,569
Total assets less current liabilities		470,286	442,177
Total net assets (liabilities)		470,286	442,177
Reserves
Other reserves		8,425	8,676
Income and expenditure account		461,861	433,501
Members' funds		470,286	442,177

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 3 November 2014

And signed on their behalf by:
Jacqui Lyne, Director
J P M Jones, Director

THE TY GLYN DAVIS TRUST LIMITED Registered Number 03267674

Notes to the Abbreviated Accounts for the period ended 31 March 2014

1Accounting Policies

Basis of measurement and preparation of accounts
These Accounts have been prepared in accordance with the requirements of the Statement of Recommended Practice “Accounting and Reporting by Charities” (revised 2005).

Tangible assets depreciation policy
Depreciation is provided on fixed assets as follows:

Land 0%
Buildings 2% Straight Line
Equipment 15% Straight Line

Valuation information and policy
Historical Cost Convention

The assets acquired as referred to in Note 1 are included in the Accounts at the historical cost or book value and the financial statements have been prepared on an historical cost basis incorporating such values. The Trustees were of the opinion that the valuation of these assets was neither required nor the cost of such valuation a justifiable expense.

2Company limited by guarantee
Format of Accounts

As the Company has charitable status and does not trade many of the terms contained in the format stipulated by the companies Act 2006 are not applicable. The format has been varied in some instances in order to show a true and fair view including the preparation of a Statement of Financial Activities in place of the Statutory Profit and Loss Account formats.

Direct Charitable Expenditure

The trust has two part-time employees all of whose work is part of the Trust's direct charitable activity. Administrative and fundraising functions of the trust are all carried out by volunteers. There are no costs included in the Statement of Financial Activities which cannot justifiably be considered as direct charitable expenditure.

Income

All incoming resources are included in the SOFA when the charity is legally entitled to the income and the amount can be quantified with reasonable accuracy.

Investments

Investments are stated at market value at the Balance Sheet date. The SOFA includes the net gains and losses arising on revaluations and disposals throughout the year.

3Tangible fixed assets

	£
Cost
At 1 April 2013	170,942
Additions	-
Disposals	-
Revaluations	-
Transfers	-
At 31 March 2014	170,942
Depreciation
At 1 April 2013	56,334
Charge for the year	3,008
On disposals	-
At 31 March 2014	59,342
Net book values
At 31 March 2014	111,600
At 31 March 2013	114,608

The land on which the centre stands was transferred to Ty Glyn Trust Limited as a gift in 1998. The building and equipment were transferred to Ty Glyn Trust Limited in October 1996. The Trustees have not had a professional valuation carried out (see note 2b).