Registered Number 08771996
THE REDEEMED CHRISTIAN CHURCH OF GOD, JESUS PEOPLE PARISH (NORTH WOOLWICH)
Abbreviated Accounts
30 November 2016
Notes | 2016 | 2015 | |
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£ | £ | ||
Fixed assets | |||
Tangible assets | 3 |
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Current assets | |||
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
exception of investments which are included at market value, and in accordance with the Financial Reporting Standard for Smaller Entities (effective April 2008). The financial statements have been prepared in accordance with the Statement of Recommended Practice (SORP), 'Accounting and Reporting by Charities' published in March 2005 and applicable accounting standards.
Turnover policy
Donated services or facilities, which comprise donated services, are included in income at a
valuation which is an estimate of the financial cost borne by the donor where such a cost is
quantifiable and measurable. No income is recognised where there is no financial cost borne by a third party.
Income tax recoverable in relation to donations received under Gift Aid or deeds of covenant is recognised at the time of the donation.
Income tax recoverable in relation to investment income is recognised at the time the investment income is receivable.
Tangible assets depreciation policy
Tangible fixed assets are stated at cost less depreciation. Depreciation is provided at rates
calculated to write off the cost of fixed assets, less their estimated residual value, over them
expected useful lives on the following bases:
Motor vehicles - 25% reducing balance
Fixtures & fittings - 25% reducing balance
Office equipment - 25% reducing balance
Other accounting policies
Governance costs are those incurred in connection with administration of the charity and
compliance with constitutional and statutory requirements.
2
Company limited by guarantee
£ | |
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Cost | |
At 1 December 2015 |
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Additions |
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Disposals |
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Revaluations |
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Transfers |
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At 30 November 2016 |
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Depreciation | |
At 1 December 2015 |
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Charge for the year |
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On disposals |
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At 30 November 2016 |
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Net book values | |
At 30 November 2016 | 4,492 |
At 30 November 2015 | 3,515 |