Abbreviated Company Accounts - AIGAS COMMUNITY FOREST
Abbreviated Company Accounts - AIGAS COMMUNITY FOREST
Registered Number SC372685
AIGAS COMMUNITY FOREST
Abbreviated Accounts
28 February 2014
AIGAS COMMUNITY FOREST Registered Number SC372685
Abbreviated Balance Sheet as at 28 February 2014
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| Cash at bank and in hand |
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| Creditors: amounts falling due within one year |
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| Net current assets (liabilities) |
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| Total assets less current liabilities |
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| Reserves | |||
| Other reserves |
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| Income and expenditure account |
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| Members' funds |
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For the year ending 28 February 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:
AIGAS COMMUNITY FOREST Registered Number SC372685
Notes to the Abbreviated Accounts for the period ended 28 February 2014
1Accounting Policies
Basis of measurement and preparation of accounts
Other accounting policies
All donations received are credited to the Income and Expenditure account in the year to which they relate. Donations received or earmarked for specific purposes are accounted for as restricted funds. Donated services and facilities are recognised in the Income and Expenditure account at the estimated value to the charity of the service or facility provided.
Grants receivable
Grants receivable are credited to the Income and Expenditure account in the year to which they relate. Grants receivable or earmarked for specific purposes are accounted for as restricted funds.
Income
Income has been classified under the following headings:
Voluntary income - This comprises resources generated from voluntary sources including, for example donations and grants where the donor does not receive any direct return as a result of the donation.
Activities for generating funds - This comprises fund-raising activities carried out by the charity to generate incoming resources which will be used to undertake its charitable activities.
Investment Income - This comprises incoming resources from investment assets, for example bank interest received.
Charitable activities - This comprises all incoming resources received, which are a payment for goods and services provided for the benefit of the charity's beneficiaries. It includes trading activities undertaken in furtherance of the charity's objects and those grants, which have conditions, which make them similar in economic terms to trading income.
Expenditure
Expenditure has been classified under the following headings:
Costs of generating voluntary income - This comprises costs, which are associated with generating incoming resources from all sources other than from undertaking charitable activities, for example the costs associated with fundraising activities.
Charitable activities - This comprises all resources expended by the charity in undertaking its work to meet its charitable objectives. Such costs include the direct cost of the charitable activities together with those support costs incurred that enable these activities to be undertaken.
Governance costs - This comprises the cost of governance arrangements, which relate to the general running of the charity.
Fund accounting
Unrestricted funds - These are funds which the directors are free to use to use in accordance with the Charitable objects.
Restricted funds - These are funds, which are restricted for use for specific purposes.
2Company limited by guarantee