1Accounting Policies

Basis of measurement and preparation of accounts
The financial statements are prepared under the historical cost convention and in accordance with applicable accounting standards and the Charity Statement of Recommended Practice effective 1 January 2015, (SORP 2015) “Accounting and Reporting by Charities”, as well as the Charities Act 2011, and in accordance with the Financial Reporting Standard for Smaller Entities (FRSSE).

Turnover policy
All income is included in the statement of financial activities when the charity is entitled to the income and the amount can be quantified with reasonable accuracy. The following specific policies are applied to particular categories of income:

• Income received by way of grants, donations and gifts to the charity is included in full in the Statement of Financial Activities upon receipt. Grants, where entitlement is not conditional on the delivery of a specific performance by the charity, are recognised when the charity becomes unconditionally entitled to the grant.
• Bank interest is included when receivable.
• Income from charitable activities is derived from contracts and service agreements, and are accounted for as the charity earns the right to consideration by its performance.

Tangible assets depreciation policy
Fixed assets are capitalised, at cost where the purchase price exceeds £100.

Depreciation on fixed assets is provided at rates estimated to write off the cost or revalued amounts, less estimated residual value, of cash asset over its expected useful life as follows;
Resource Centre - 2% straight line
Office Equipment - 10% reducing balance
Office Fixtures and Fittings - 10% reducing balance
Vehicles - 10% reducing balance

All assets are reviewed regularly for impairment, and written down to their recoverable value, where necessary.

Other accounting policies
Grants and donations are recognised in both the statement of financial activities and the Income and Expenditure account when they are receivable.

Fund Accounting:
Unrestricted funds are incoming resources received or generated for charitable purposes. They are available for use at the discretion of the trustees in the furtherance of the general objectives of the charity. Restricted funds are those donated for use in a particular area or for specific purposes, the use of which is restricted to that area or purpose.

Expenditure:
Expenditure is recognised on an accrual basis as a liability is incurred. Expenditure includes unrecoverable VAT.

• Costs of generating funds comprise the costs associated with attracting voluntary income.
• Operation and development of the charity includes all costs incurred by the charity in the delivery of its activities and services.
• Governance costs include those costs associated with meeting the constitutional and statutory requirements of the charity and include accountancy fees.

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