Abbreviated Company Accounts - THE SOUTH PENNINE PACKHORSE TRAILS TRUST

THE SOUTH PENNINE PACKHORSE TRAILS TRUST - Company Information

Registered Number 02568528

THE SOUTH PENNINE PACKHORSE TRAILS TRUST

Abbreviated Accounts

31 March 2015

THE SOUTH PENNINE PACKHORSE TRAILS TRUST Registered Number 02568528

Abbreviated Balance Sheet as at 31 March 2015

	2015	2014
	£	£
Fixed assets
Intangible assets	-	-
Tangible assets	-	-
Investments	-	-
	-	-
Current assets
Stocks	300	80
Debtors	219	181
Investments	6,971	7,172
	7,490	7,433
Prepayments and accrued income	-	-
Creditors: amounts falling due within one year	(5,617)	(4,794)
Net current assets (liabilities)	1,873	2,639
Total assets less current liabilities	1,873	2,639
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)	1,873	2,639
Reserves
Revaluation reserve	0	0
Other reserves	0	0
Income and expenditure account	1,873	2,639
Members' funds	1,873	2,639

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 24 October 2015

And signed on their behalf by:
A. H. Greenwood, Director

THE SOUTH PENNINE PACKHORSE TRAILS TRUST Registered Number 02568528

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

1Accounting Policies

Basis of measurement and preparation of accounts
The accounts have been prepared on the basis of historic cost in accordance with Accounting and Reporting by Charities – Statement of Recommended Practice (SORP 2005) and with Financial Reporting Standards for Smaller Enterprises (effective January 2005) and with the Charities Act 1993.

Turnover policy
Incoming resources are included in the Statement of Financial Activities (SOFA) when:

· the charity becomes entitled to the resources;
· the trustees are virtually certain they will receive the resources; and
· the monetary value can be measured with sufficient reliability.

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

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

e) Incoming resources from tax reclaims are included in the SOFA at the same time as the gift to which they relate.

Other accounting policies
Unrestricted funds are donations and other income received or generated for the objects of the charity without further specified purpose and are available as general funds.

g) Restricted funds are to be used for specific purposes as laid down by the donor. Expenditure which meets these criteria is identified to the fund, together with a fair allocation of management and support costs.

h) Depreciation is provided on all tangible fixed assets at rates calculated to write off the cost of each asset over its estimated useful life, which in all cases is set at five years.

i) Stocks of books are valued at the lower of cost and market value.

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