Abbreviated Company Accounts - ACORN HUNGARY TRUST

Abbreviated Company Accounts - ACORN HUNGARY TRUST

ACORN HUNGARY TRUST - Company Information

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Registered Number 06166793

ACORN HUNGARY TRUST

Abbreviated Accounts

31 March 2016

ACORN HUNGARY TRUST Registered Number 06166793

Abbreviated Balance Sheet as at 31 March 2016

Notes 2016 2015
£ £
Fixed assets
Tangible assets 3 2,203 3,195
2,203 3,195
Current assets
Debtors 3,742 5,352
Investments 170,881 169,109
Cash at bank and in hand 12,953 23,350
187,576 197,811
Prepayments and accrued income 1,218 1,125
Creditors: amounts falling due within one year (1,307) (210)
Net current assets (liabilities) 187,487 198,726
Total assets less current liabilities 189,690 201,921
Total net assets (liabilities) 189,690 201,921
Reserves
Revaluation reserve 15,000 15,000
Other reserves 161,737 163,571
Income and expenditure account 12,953 23,350
Members' funds 189,690 201,921
  • For the year ending 31 March 2016 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 9 September 2016

And signed on their behalf by:
David Todd, Director
Tim Dennis, Director

ACORN HUNGARY TRUST Registered Number 06166793

Notes to the Abbreviated Accounts for the period ended 31 March 2016

1Accounting Policies

Basis of measurement and preparation of accounts
The accounts have been prepared under the historical cost convention and in accordance with the Financial Reporting Standard for Smaller Entities effective January 2015.

Turnover policy
Donations received are credited to incoming resources on receipt by the Trust. Gifts received under the Gift Aid scheme are credited to incoming resources, together with the appropriate tax recoverable.

Income from deposit interest is included in the statement of financial activities when it becomes receivable.

Expenditure is included in the statement of financial activities on the accruals basis and includes irrecoverable VAT. Costs of charitable activities are those incurred in running the camps and include support costs, which include general administration, training and recruitment costs. Governance costs include those incurred in the running of the Trust and include affiliations, stationary costs, as well as costs incurred by the Trustees.

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

3Tangible fixed assets
£
Cost
At 1 April 2015 5,910
Additions -
Disposals -
Revaluations -
Transfers -
At 31 March 2016 5,910
Depreciation
At 1 April 2015 2,715
Charge for the year 992
On disposals -
At 31 March 2016 3,707
Net book values
At 31 March 2016 2,203
At 31 March 2015 3,195