Abbreviated Company Accounts - MARGARET ALLEN FOUNDATION

MARGARET ALLEN FOUNDATION - Company Information

Registered Number 02328878

MARGARET ALLEN FOUNDATION

Abbreviated Accounts

31 August 2014

MARGARET ALLEN FOUNDATION Registered Number 02328878

Abbreviated Balance Sheet as at 31 August 2014

	Notes	2014	2013
		£	£
Fixed assets
Investments	3	311,688	296,935
		311,688	296,935
Current assets
Cash at bank and in hand		9,350	7,540
		9,350	7,540
Net current assets (liabilities)		9,350	7,540
Total assets less current liabilities		321,038	304,475
Total net assets (liabilities)		321,038	304,475
Reserves
Income and expenditure account		321,038	304,475
Members' funds		321,038	304,475

For the year ending 31 August 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 1 December 2014

And signed on their behalf by:
JBS Swallow, Director

MARGARET ALLEN FOUNDATION Registered Number 02328878

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

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.

Other accounting policies
Investment Policy
The company has no restrictions on its powers of investment. The policy is to invest in cash deposits and Common Investment Funds suitable for charities, so as to seek to balance capital and income growth across a broadly diversified portfolio.
Grant Policy
Grants are available for academic, sporting or musical purposes for children in Herefordshire between the ages of 5 and 11. They are intended to assist children whose families would not otherwise be able o afford an activity or resource. In the case of applications from schools they are intended to purchase resources in connection with a particular project. Application forms are to be completed and the maximum grants that will normally be permitted are £250 for individuals and £2000 for schools.
Reserves Policy
The directors review the level of reserves on a continuing basis.

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

3Fixed assets Investments
Investments are stated at market value at the balance sheet date. Any gain or loss on revaluation is taken to the Statement of Financial Activities (SOFA).