Registered Number 05177666

ABREAST

Abbreviated Accounts

31 July 2014

ABREAST Registered Number 05177666

Abbreviated Balance Sheet as at 31 July 2014

Notes 2014 2013
£ £
Fixed assets
Intangible assets - -
Tangible assets - -
Investments - -
- -
Current assets
Stocks - -
Debtors - -
Investments - -
Cash at bank and in hand 23,141 26,202
23,141 26,202
Prepayments and accrued income - -
Creditors: amounts falling due within one year (300) (300)
Net current assets (liabilities) 22,841 25,902
Total assets less current liabilities 22,841 25,902
Creditors: amounts falling due after more than one year 0 0
Provisions for liabilities 0 0
Accruals and deferred income 0 0
Total net assets (liabilities) 22,841 25,902
Reserves
Revaluation reserve 0 0
Other reserves 0 0
Income and expenditure account 22,841 25,902
Members' funds 22,841 25,902
  • For the year ending 31 July 2014 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 29 April 2015

And signed on their behalf by:
Mrs B Calcutt, Director

ABREAST Registered Number 05177666

Notes to the Abbreviated Accounts for the period ended 31 July 2014

1Accounting Policies

Basis of measurement and preparation of accounts
The financial statements have been prepared under the historical cost convention and in accordance with Accounting and Reporting by Charities - Statement of Recommended Practice 2005, with the Financial Reporting Standard for Smaller Entities (effective April 2008) and with the Charities Act 2011 .

Other accounting policies
INCOMING RESOURCES

Recognition of incoming resources

Incoming resources with related expenditure
Where incoming resources have related expenditure (as with fundraising or contract income) the incoming resources and related expenditure are reported gross in the SoFA.

Grants and donations
Grants and donations are only included in the SoFA when the charity has unconditional entitlement to the resources.

Investment income
This is included in the accounts when receivable.

Volunteer help
The value of any voluntary help received is not included in the accounts but is described in the trustees’ annual report.

EXPENDITURE AND LIABILITIES

Support Costs
Support costs include central functions and have been allocated to activity cost categories on a basis consistent with the use of resources, eg allocating property costs by floor areas, or per capita, staff costs by the time spent and other costs by their usage.

Governance costs
Governance costs include costs of the preparation and examination of statutory accounts, the costs of trustee meetings and cost of any legal advice to trustees on governance or constitutional matters.

Value added tax
Resources expended include attributable VAT which can not be recovered.

Liability recognition
Liabilities are recognised as soon as there is a legal or constructive obligation committing the charity to pay out resources.

ASSETS

Tangible fixed assets for use by charity
Where assets are purchased for use for a specific project they are written off in the year of purchase.

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