Registered Number 07217979
CARDIFF WALES LESBIAN GAY BISEXUAL TRANSGENDER MARDI GRAS
Abbreviated Accounts
30 September 2016
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Current assets | |||
Debtors |
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Cash at bank and in hand |
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Creditors: amounts falling due within one year |
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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
Other accounting policies
The company qualifies as a small company under the Companies Act 2006. The Trustees have elected to take advantage of the exemption under FRS1 not to prepare a cash flow statement.
Resources Expended
Resources expended are allocated in the Statement of Financial Activities on an accrual basis exclusive of VAT, or inclusive where VAT cannot be recovered.
Cost of Generating Funds
These include the costs of fundraising.
Charitable Activities
Support costs are allocated between direct charitable expenditure and support costs on accruals basis, inclusive of any VAT that cannot be recovered.
Governance Costs
These include the costs of external scrutiny and costs associated with constitutional and statutory requirements.
Fund Accounting
Funds held by the charity are either:-
Unrestricted funds - these are funds which can be used in accordance with the charitable objects at the discretion of the Trustees
Restricted Funds - these are funds that can only be used for particular restricted purposes within the objects of the charity. Restrictions arise when specified by the Donor or when funds are raised for particular restricted purposes.
Liabilities
The financial statements are prepared on an accrual basis thus recognising all liabilities when the charity has committed itself to an expense or contractual obligation.
Income
All income resources are accrued when received.
2
Company limited by guarantee