Registered Number 03696663
THE QUEEN SQUARE (BRISTOL) ASSOCIATION LIMITED
Abbreviated Accounts
31 January 2015
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Cash at bank and in hand |
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Net current assets (liabilities) |
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Total assets less current liabilities |
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Total net assets (liabilities) |
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Reserves | |||
Income and expenditure account |
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Members' funds |
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Approved by the Board on
And signed on their behalf by:
1 Accounting Policies
Basis of measurement and preparation of accounts
The financial statements are prepared in accordance with the Statement of Recommended Practice “Accounting by Charities 2000” and applicable accounting standards. The particular accounting policies adopted by the trustees are described below.
Accounting Convention
The financial statements are prepared under the historical cost convention.
Fund Accounting
General unrestricted funds represent unrestricted income which is expendable at the discretion of the trustees in the furtherance of the objects of the charity. Such funds may be held in order to finance both working capital and capital investment.
Incoming Resources
All income is recognised in the statement of financial activities when the conditions for receipt have been made and there is reasonable assurance of receipt. Where a claim for repayment of income tax has or will be made, such income is grossed up for the tax recoverable. The following accounting polices applied to income:
Grants Receivable
Grants are recognised in the statement of financial activities when the conditions for receipt have been complied with.
Interest Received
Interest is accounted for when receivable.
Donations
Donations and all other receipts from fundraising are reported gross and related fundraising costs are reported in other expenditure.
2
Company limited by guarantee