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.

Turnover policy
Grants are recognized on an accruals basis, accounted for in relation to the period that they relate. Where grants have been received for capital items, the total grant has been disclosed in the SOFA and depreciation, in accordance with the accounting policies, has been charged against that income over the estimated useful economic life of the asset.
Where grants are received during the year under review but relate to a later period the amount is deferred under grants in advance in the Balance Sheet.

Tangible assets depreciation policy
Depreciation is provided at rates calculated to write off the cost of each asset over its expected useful life which in all cases is estimated at 2 years. The company does not have a minimum value for capitalisation of its fixed assets.

Other accounting policies
All expenditure is accounted for on an accruals basis and has been included under expense categories that aggregate all costs for allocation to activities. Where costs cannot be directly attributed to particular activities they have been allocated on a basis consistent with the use of the resources. Overheads and other salaries are allocated between the expense headings on the basis of head count. Liabilities are recognized when there is a legal or constructive obligation committing the charity to the expenditure.
Supports costs are those costs incurred directly in support of expenditure on the objects of the Charity and are allocated on the basis of total charitable and governance costs.
Governance costs are those incurred in connection with enabling the Charity to comply with external regulation, constitutional and statutory requirements and in providing support to the Trustees in the discharge of their statutory duties.

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