Registered Number 05841152
A.S.A.P. - AIDS SUPPORT AWARENESS PROJECT
Abbreviated Accounts
30 June 2014
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| Intangible assets |
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| Tangible assets | 3 |
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| Prepayments and accrued income |
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| Creditors: amounts falling due within one year |
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| Total assets less current liabilities |
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| Creditors: amounts falling due after more than one year |
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| Provisions for liabilities |
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| Accruals and deferred income |
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| Revaluation reserve |
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| Income and expenditure account |
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| Members' funds |
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Approved by the Board on
And signed on their behalf by:
1Accounting Policies
Basis of measurement and preparation of accounts
Basis of preparation
The financial statements have been prepared in accordance with applicable Accounting Standards in the United Kingdom, the Accounting Regulations issued under the Charities Act 1993 and the Statement of Recommended Practice (SORP) 'Accounting and Reporting by Charities' published in March 2005. The analysis of income and expenditure has been restated accordingly.
The accounting policies that the Charity has adopted to determine the amounts included in respect of material items shown in the balance sheet and also to determine the income and expenditure have been applied consistently, with the exception of the adoption of SORP 2005, and are shown below.
A.S.A.P.- Aids Support Awareness Project is not registered for Value Added Tax and does not reclaim VAT. Unrecoverable VAT is applied to the cost from which it arises.
Fund Accounting
Unrestricted funds are available for use at the discretion of the Trustees in furtherance of the charitable objectives of A.S.A.P.- Aids Support Awareness Project. There are no restricted income funds received during the year.
Incoming resources
All incoming resources are accounted for on a receivables basis. Gifts in Kind have been recognised at the Trustee’s best estimate of the cost to have acquired the Gift in the relevant first or second-hand market, or at an estimate of what it has cost the giver to provide a service to the charity.
Resources expended
All expenditure has been accounted for on an accruals basis.
2 Incoming Resources
The majority of voluntary income arose from gifts in kind and then voluntary donations. A small amount arose from the hire of wedding dresses. ASAP receives 20% of the net profit for this activity raised by Tasintha.
Gifts in Kind have been included in order to highlight the scale of generosity people have shown in donating wedding dresses, sewing machines, bicycles, wheel chairs, posters, travel and board volunteers funded themselves without claiming against the charity as well as air-cargo services and discounts provided by British Airways.
2Company limited by guarantee
| £ | |
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| Cost | |
| At 1 July 2013 |
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| Additions |
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| Disposals |
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| Revaluations |
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| Transfers |
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| At 30 June 2014 |
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| Depreciation | |
| At 1 July 2013 |
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| Charge for the year |
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| On disposals |
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| At 30 June 2014 |
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| Net book values | |
| At 30 June 2014 | 0 |
| At 30 June 2013 | 163 |