1Accounting Policies

Basis of measurement and preparation of accounts
The financial statements have been prepared under the historical cost convention, with the exception of investments which are included at market value, and in accordance with the financial Reporting Standard for Smaller Entities (effective January 2015). They are also prepared in accordance with the amended Accounting and Reporting by Charities: Statement of Recommended Practice (SORP), issued in 2005 and the Companies act 2006.

Turnover policy
Turnover represents members' subscriptions and services in relation to the year under review, net of value added tax.

All incoming resources are included in the Statement of Financial Activities when the charity is legally entitled to the income and the amount can be quantified with reasonable accuracy, All income receivable by the charitable company falls within the charitable company's activities, including donated services.

Other accounting policies
Going concern
The Trustees believe that there are no material uncertainties that may cast significant doubt on the ability of the company to continue as a going concern for the foreseeable future, which is deemed to be at least 12 months from the date of signature of these accounts, and therefore the going concern basis remains appropriate in the preparation of the financial statements.

Resources expended
Expenditure is accounted for on an accruals basis and comprises costs incurred by the Charity in delivery of its activities and services.

Allocation and apportionment of costs
All costs are allocated between the expenditure categories of the statement of financial activities on a basis designed to reflect the use of the resource. Costs relating to a particular activity are allocated directly to them.

Taxation
The charity is exempt from corporation tax on its charitable activities.

Foreign currencies
Assets and liabilities in foreign currencies are translated into sterling at the rates of exchange ruling at the balance sheet date. Transactions in foreign currencies are translated into sterling at the rate of exchange ruling at the date of transaction. Exchange differences are taken into account in arriving at the operating result.

Fund Accounting
Unrestricted funds can be used in accordance with the charitable objectives at the discretion of the trustees.
Restricted funds 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.

Investments
Fixed asset investments are stated at closing mid-price value at the balance sheet date. Realised and unrealised gains and losses on investment are dealt with in the statement of financial activities.

Creditors
Income invoiced in the year relating to future periods is deferred and shown under accruals and deferred income.

2Company limited by guarantee
The charity is a company limited by guarantee and consequently does not have share capital. In the event of the charity being wound up, the liability in respect of the guarantee is limited to £1 per member of the Charity.

3Fixed assets Investments
The historical cost of investments is £41,059