THE FOSTERING NETWORK

THE FOSTERING NETWORK

THE FOSTERING NETWORK - Company Information

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THE FOSTERING NETWORK

Company Registration Number:
01507277 (England and Wales)

Unaudited abridged accounts for the year ended 31 March 2017

Period of accounts

Start date: 01 April 2016

End date: 31 March 2017

THE FOSTERING NETWORK

Contents of the Financial Statements

for the Period Ended 31 March 2017

Balance sheet
Notes

THE FOSTERING NETWORK

Balance sheet

As at 31 March 2017


Notes
2017
2016


£
£
Fixed assets
Intangible assets:   0 0
Tangible assets: 2 2,979,136 3,075,142
Investments: 3 2 2
Total fixed assets: 2,979,138 3,075,144
Current assets
Stocks: 24,998 57,843
Debtors: 4 335,849 850,893
Cash at bank and in hand: 1,489,714 1,240,106
Investments:   0 0
Total current assets: 1,850,561 2,148,842
Creditors: amounts falling due within one year:   (1,153,018) (1,781,255)
Net current assets (liabilities): 697,543 367,587
Total assets less current liabilities: 3,676,681 3,442,731
Creditors: amounts falling due after more than one year:   0 0
Provision for liabilities: 0 0
Total net assets (liabilities): 3,676,681 3,442,731
Capital and reserves
Called up share capital: 1 1
Share premium account: 1 1
Other reserves: 2,733,559 2,733,559
Profit and loss account: 943,120 709,170
Shareholders funds: 3,676,681 3,442,731

The notes form part of these financial statements

THE FOSTERING NETWORK

Balance sheet statements

For the year ending 31 March 2017 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.

The members have agreed to the preparation of abridged accounts for this accounting period in accordance with Section 444(2A).

These accounts have been prepared in accordance with the provisions applicable to companies subject to the small companies regime.

This report was approved by the board of directors on 27 September 2017
and signed on behalf of the board by:

Name: Susanna Daus
Status: Director

The notes form part of these financial statements

THE FOSTERING NETWORK

Notes to the Financial Statements

for the Period Ended 31 March 2017

1. Accounting policies

The accounts (financial statements) have been prepared in accordance with the Statement of RecommendedPractice: Accounting and Reporting by Charities preparing their accounts in accordance with the FinancialReporting Standard applicable in the UK and Republic of Ireland (FRS102) issued on 16 July 2014 and theFinancial Reporting Standard applicable in the United Kingdom and Republic of Ireland (FRS102), TheCompanies Act 2006, the Charities and Trustee Investment (Scotland) Act 2005 and Regulation 8 of theCharities Accounts (Scotland) Regulations 2006 and the Charities Act 2011 and UK Generally Accepted Practiceas it applies from 1 January 2015.

THE FOSTERING NETWORK

Notes to the Financial Statements

for the Period Ended 31 March 2017


2. Tangible Assets

Total
Cost £
At 01 April 2016 3,115,649
Additions 9,129
Disposals 0
Revaluations 0
Transfers 0
At 31 March 2017 3,124,778
Depreciation
At 01 April 2016 40,507
Charge for year 105,135
On disposals 0
Other adjustments 0
At 31 March 2017 145,642
Net book value
At 31 March 2017 2,979,136
At 31 March 2016 3,075,142

THE FOSTERING NETWORK

Notes to the Financial Statements

for the Period Ended 31 March 2017

3. Fixed investments


InvestmentsInvestments are held at market value with the exception of the investment in the trading subsidiary, which isshown at cost.

THE FOSTERING NETWORK

Notes to the Financial Statements

for the Period Ended 31 March 2017

4. Debtors


2017
£
2016
£
Debtors due after more than one year: 335,849 850,893

DebtorsTrade and other debtors are recognised at the settlement amount due after any trade discount offered.Prepayments are valued at the amount prepaid net of any trade discounts due.