1. ACCOUNTING POLICIES
(a) BASIS OF ACCOUNTING
The accounts are prepared under the historical cost convention and in accordance with the principles of Statement of Recommended Practice "Accounting by and Reporting by Charities" issued by the Charity Commission in October 2000.
(b) INCOME
Income shown in the financial statements is the total
amount of income recorded in the accounting records by the Charity for the accounting
year, with the exception of covenanted and Gift Aid donations, in respect of
which the related tax refunds on
covenants and Gift Aid receipts are accrued in the same period as the monies
are received from the donor. Legacies are accounted for as soon as the Trust
is notified of its entitlement to legacy income.
(c) EXPENDITURE
Expenditure is charged to the income and expenditure account on an accruals basis.
(d) DEPRECIATION
Depreciation is provided on all fixed assets at rates calculated to write each asset down to its estimated residual value evenly over its expected useful life, at the following rates:
Fixtures and fittings 20% per annum on reducing balance
(e) STOCK
Stocks are included in the financial statements at cost.
(f) COST ALLOCATION
Staff costs are apportioned on a time-spent basis.
| Unrestricted
Funds |
Restricted Funds |
Total 2004 |
Total 2003 |
||
| £ |
£ |
£ |
£ |
||
| 2. | |||||
| BEREAVEMENT SERVICES | |||||
| Salaries and associated costs | 5,035 |
32,339 |
37,374 |
66,223 |
|
| Travel and subsistence | 2,948 |
- |
2,948 |
4,563 |
|
| Volunteer expenses | 9,118 |
- |
9,118 |
2,438 |
|
| Conferences, courses, meetings, training and room hire | 2,117 |
- |
2,117 |
1,919 |
|
| Subscriptions | 239 |
- |
239 |
265 |
|
| £19,457 |
£32,339 |
£51,796 |
£75,408 |
||
| 3. | |||||
| MANAGEMENT AND ADMINISTRATION OF THE CHARITY | |||||
| Salaries and associated costs | 11,458 |
5,000 |
16,458 |
19,131 |
|
| Postage, telephone, stationery, copying and insurance | 2,540 |
- |
2,540 |
3,141 |
|
| Legal and accountancy fees | 3,055 |
- |
3,055 |
3,055 |
|
| Depreciation of fixed assets | 528 |
- |
528 |
660 |
|
| Other Costs | 1,830 |
- |
1,830 |
1,025 |
|
| Rent | 4,082 |
- |
4,082 |
3,900 |
|
£23,493 |
£5,000 |
£28,493 |
£30,912 |
||
The average number of employees analysed by function was:
| 2004 | 2003 | |
| Direct charitable expenditure | 1 | 3 |
| Management and administration | 1 | 1 |
| 2 | 4 |
No trustee or person with a family or business connection with a trustee received any remuneration either directly, or indirectly, from the charity during the year. No trustees received reimbursements of expenses from the charity during the year.
| Unrestricted
Funds |
Restricted Funds |
Total 2004 |
Total 2003 |
||
| £ |
£ |
£ |
£ |
||
| 4. | |||||
| FUNDRAISING AND PUBLICITY | |||||
| Publications | £1,442 |
£ --- |
£1,442 |
£2,907 |
| 5. | Fixtures
& Fittings |
|||
| TANGIBLE FIXED ASSETS | £ |
|||
| COST | ||||
| At 1 April 2003 and at 31 March 2004 | 10,707 |
|||
£10,707 |
||||
| DEPRECIATION | ||||
| At 1 April 2003 | 8,067 |
|||
| Charge for year | 528 |
|||
| As 31 March 2004 | £8,595 |
|||
| NET BOOK VALUE | ||||
| At 31 March 2004 | £2112 |
|||
| At 31 March 2003 | £2,640 |
|||
| 6. | ||||
| CASH AT BANK AND IN HAND | 2004 |
2003 |
||
| Charities Aid Foundation deposit account | 49 |
48 |
||
| Halifax account | 674 |
89 |
||
| NatWest account | 9,761 |
1,168 |
||
£10,484 |
£1,305 |
|||
| 7. | ||||
| CREDITORS: Amounts falling due within one year | ||||
| Other creditors | - |
8,629 |
||
| Accruals and deferred income | 5,652 |
6,628 |
||
£5,652 |
£15,257 |
8.
RESTRICTED FUNDS
The income funds of the charity during the year included the following restricted funds:
| Balance |
Movement in
resources |
Transfers |
Balance |
| 1.4.03 |
Incoming |
Outgoing |
------- |
31.3.04 |
||
| £ |
£ |
£ |
£ |
£ |
||
| Lloyds TSB | - |
3,000 |
3,000 |
- |
- |
|
| Connextions | - |
9,490 |
9,490 |
- |
- |
|
| Help a London Child | - |
1,990 |
1,990 |
- |
- |
|
| South Kilburn New Deal | - |
3,919 |
3,919 |
- |
- |
|
| Local Network Fund | - |
5,114 |
5,114 |
- |
- |
|
| BBC Children in Need | - |
4,350 |
4,350 |
- |
- |
|
| John Lyons Charity | - |
2,776 |
2,776 |
- |
- |
|
| Edward Harvist Trust Fund | 1,600 |
1,600 |
||||
£- |
£32,339 |
£32,339 |
£- |
£- |