Abbreviated Company Accounts - INCORPORATED SOCIETY FOR PSYCHICAL RESEARCH(THE)

INCORPORATED SOCIETY FOR PSYCHICAL RESEARCH(THE) Registered Number 00044861

Abbreviated Balance Sheet as at 30 September 2013

	Notes	2013	2012
		£	£
Fixed assets
Tangible assets	3	3,061	3,341
Investments	4	3,247,239	2,703,568
		3,250,300	2,706,909
Current assets
Stocks		3,315	3,364
Debtors		39,474	32,411
Cash at bank and in hand		68,754	59,590
		111,543	95,365
Creditors: amounts falling due within one year		(69,540)	(51,854)
Net current assets (liabilities)		42,003	43,511
Total assets less current liabilities		3,292,303	2,750,420
Total net assets (liabilities)		3,292,303	2,750,420
Reserves
Income and expenditure account		3,292,303	2,750,420
Members' funds		3,292,303	2,750,420

For the year ending 30 September 2013 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 28 November 2013

And signed on their behalf by:
Richard Broughton, Director
David Rousseau, Director

INCORPORATED SOCIETY FOR PSYCHICAL RESEARCH(THE) Registered Number 00044861

Notes to the Abbreviated Accounts for the period ended 30 September 2013

1Accounting Policies

Basis of measurement and preparation of accounts
The accounts have been prepared under the historical cost convention, with the exception of investments and freehold property which are included at market value.
The accounts have been prepared in accordance with the Statement of Recommended Practice, Accounting and Reporting by Charities (SORP 2008) issued in March 2008, applicable UK accounting standards and the Companies Act 2006.

Turnover policy
1. Income from membership and journal subscriptions, conferences and sales of publications and other items, and rental income is accounted for in each case as the amount due for the year. Provision is made against a proportion of outstanding subscriptions on the basis of non-recoveries experienced in the previous year.
2. All other income is accounted for when received.

Tangible assets depreciation policy
Depreciation is provided on tangible fixed assets as follows:
Furniture and equipment 15% p.a. on written down value
Computer equipment 25% p.a. on cost

Valuation information and policy
Stocks of publications and other items for resale are valued at the lower of cost and net realisable value, due allowance being made for slow-moving and obsolete items.
Investments are stated at market value at the balance sheet date. The Statement of Financial Activities includes the net gains and losses arising on revaluations and on disposals during the year.
Assets and liabilities in foreign currencies are translated into sterling at the rates of exchange ruling at the balance sheet date. Transactions in foreign currencies are translated into sterling at the rate of exchange ruling at the date of the transaction. Exchange differences are taken into account in arriving at total net income.
The value of the Society's library in not included in these accounts.

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

3Tangible fixed assets

	£
Cost
At 1 October 2012	28,021
Additions	647
Disposals	-
Revaluations	-
Transfers	-
At 30 September 2013	28,668
Depreciation
At 1 October 2012	24,680
Charge for the year	927
On disposals	-
At 30 September 2013	25,607
Net book values
At 30 September 2013	3,061
At 30 September 2012	3,341

4Fixed assets Investments
Investments are stated at market value a the balance sheet date. The Statement of Financial Activities includes the net gains and losses arising on revaluations and on disposals during the year.