Abbreviated Company Accounts - ABYSSINIA SUPPORT FOUNDATION

ABYSSINIA SUPPORT FOUNDATION Registered Number 05611775

Abbreviated Balance Sheet as at 31 March 2015

	Notes	2015	2014
		£	£
Fixed assets
Tangible assets	3	961	1,068
		961	1,068
Current assets
Cash at bank and in hand		640	260
		640	260
Net current assets (liabilities)		640	260
Total assets less current liabilities		1,601	1,328
Total net assets (liabilities)		1,601	1,328
Reserves
Income and expenditure account		1,601	1,328
Members' funds		1,601	1,328

For the year ending 31 March 2015 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 1 December 2015

And signed on their behalf by:
Demissie G. Zeferework, Director

ABYSSINIA SUPPORT FOUNDATION Registered Number 05611775

Notes to the Abbreviated Accounts for the period ended 31 March 2015

1Accounting Policies

Basis of measurement and preparation of accounts
These accounts have been prepared under the historical cost convention as per Schedule 4 of Companies Act 1985 and include the results of the charity’s operations which are described in the Committee of Members Report and all of which are continuing. The financial statements have been prepared in compliance with Statement of Recommended Practice (SORP) on charity accounts.

Tangible assets depreciation policy
Tangible fixed assets are stated at cost less depreciation, Depreciation is provided at rate calculated to write off the cost over their expected useful lives as follows:

Fixtures and fittings 10% per annum on cost
Computer equipment 10% per annum on cost

Other accounting policies
Financial Statements
The financial statements are prepared on the going concern basis which assumes the continuation of support grants and donations.

Income
Grants are treated as income for the period concerned.
Voluntary income and donation are accounted for as received by the charity.

Management and Administration expenditure
These have been allocated between unrestricted and restricted expenditure on the basis of costs applicable to the activities.

Value Added Tax
Value Added Tax (VAT) is not recoverable by the charity, and as such is included in the relevant costs in the statement of financial activities.

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

3Tangible fixed assets

	£
Cost
At 1 April 2014	1,068
Additions	-
Disposals	-
Revaluations	-
Transfers	-
At 31 March 2015	1,068
Depreciation
At 1 April 2014	-
Charge for the year	107
On disposals	-
At 31 March 2015	107
Net book values
At 31 March 2015	961
At 31 March 2014	1,068