Registered Number 07133411
KINGDOM ADVANCE NETWORK
Abbreviated Accounts
31 December 2015
Notes | 2015 | 2014 | |
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£ | £ | ||
Fixed assets | |||
Tangible assets | 3 |
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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 | 4 |
( |
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Net current assets (liabilities) |
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Total assets less current liabilities |
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Creditors: amounts falling due after more than one year | 4 |
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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
Turnover policy
certainty of receipt and the amount can be measured with sufficient reliability.
Incoming resources are deferred where specific conditions that have not been met prevent entitlement.
Gifts in kind are accounted for at a reasonable estimate of their value to the charity or the amount
actually realised. Gifts in kind for use by the charity are included in the SOFA as incoming resources when receivable.
Donated services or facilities are included in incoming resources (with an equivalent amount in resources expended) where the benefit to the charity is reasonably quantifiable, measurable and material.
Incoming resources from tax reclaims are included in the SOFA at the same time as the gift to which they relate.
Investment income is recognised on a receivable basis
Income from charitable activities includes income recognised as earned (as the related goods or services are provided) under contract.
Tangible assets depreciation policy
Depreciation is provided at the following annual rates in order to write off each asset over
its estimated useful life:
Land and buildings 1% Reducing balance
Computer equipment 33.3% Reducing balance
Musical etc equipment 20% Reducing balance
Catering equipment 10% Reducing balance
Office furniture and equipment 10% Reducing balance
Furniture and fittings 10% Reducing balance
2
Company limited by guarantee
£ | |
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Cost | |
At 1 January 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 31 December 2015 |
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Depreciation | |
At 1 January 2015 |
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Charge for the year |
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On disposals |
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At 31 December 2015 |
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Net book values | |
At 31 December 2015 | 673,077 |
At 31 December 2014 | 677,464 |
2015
£ |
2014
£ |
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Secured Debts |
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Instalment debts due after 5 years |
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