Registered Number 07023261
CHILDREN ARE BUTTERFLIES LTD
Abbreviated Accounts
30 September 2016
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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 | |||
Other reserves |
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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 have been prepared in accordance with Accounting and Reporting by Charities: Statement of Recommended Practice applicable to charities preparing their accounts in accordance with the Financial Reporting Standard for Smaller Entities published on 16th July 2014, the Financial Reporting Standard for Smaller Entities (effective January 2015) and the Companies Act 2006.
(b) Company status
The Charity is a company limited by guarantee. The members of the company are the Trustees named on page 2. 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.
(c) Fund accounting
General funds are unrestricted funds which are available for use at the discretion of the Trustees in furtherance of the general objectives of the Charity.
Designated funds comprise of an unrestricted capital fund which the Trustees intend should be used for the acquisition of further premises, if necessary, and for the improvement and repair of the Charity’s existing premises.
(d) Incoming resources
Incoming resources are accounted for when receivable except when donors specify that donations and grants given to the Charity must be used in future accounting periods or when specified conditions are met, in which case the income is not included in incoming resources until those periods or the conditions have been met.
Gifts in kind are included at valuation and recognised as donations when received.
2
Company limited by guarantee