Ruwenzori Foundation |
Registered number: |
05028480 |
Abridged Balance Sheet |
as at 31 January 2024 |
|
Notes |
|
|
2024 |
|
|
2023 |
£ |
£ |
Current assets |
Debtors |
2 |
|
718,140 |
|
|
566,613 |
Cash at bank and in hand |
|
|
841,303 |
|
|
291,876 |
|
|
|
1,559,443 |
|
|
858,489 |
|
Creditors: amounts falling due within one year |
|
|
(9,519) |
|
|
(3,771) |
|
Net current assets |
|
|
|
1,549,924 |
|
|
854,718 |
|
Net assets |
|
|
|
1,549,924 |
|
|
854,718 |
|
|
|
|
|
|
|
|
Capital and reserves |
Profit and loss account |
|
|
|
1,549,924 |
|
|
854,718 |
|
Shareholder's funds |
|
|
|
1,549,924 |
|
|
854,718 |
|
|
|
|
|
|
|
|
The directors are satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006. |
The member has not required the company to obtain an audit in accordance with section 476 of the Act. |
The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts. |
The accounts have been prepared and delivered in accordance with the special provisions applicable to companies subject to the small companies regime. The profit and loss account has not been delivered to the Registrar of Companies. |
The members have agreed to the preparation of abridged accounts for this accounting period in accordance with Section 444(2A) of the Companies Act 2006. |
|
|
|
|
R Kingdon |
Director |
Approved by the board on 6 September 2024 |
|
Ruwenzori Foundation |
Notes to the Abridged Accounts |
for the year ended 31 January 2024 |
|
|
1 |
Accounting policies |
|
|
Basis of preparation |
|
The abridged accounts have been prepared under the historical cost convention and in accordance with FRS 102, The Financial Reporting Standard applicable in the UK and Republic of Ireland (as applied to small entities by section 1A of the standard). |
|
|
Income |
|
Income is measured as the value of donations received in the financial year inclusive of gift aid where appropriate. |
|
|
Intangible fixed assets |
|
Intangible fixed assets are measured at cost less accumulative amortisation and any accumulative impairment losses. |
|
|
Debtors |
|
Short term debtors are measured at transaction price (which is usually the invoice price), less any impairment losses for bad and doubtful debts. Loans and other financial assets are initially recognised at transaction price including any transaction costs and subsequently measured at amortised cost determined using the effective interest method, less any impairment losses for bad and doubtful debts. |
|
|
Creditors |
|
Short term creditors are measured at transaction price (which is usually the invoice price). Loans and other financial liabilities are initially recognised at transaction price net of any transaction costs and subsequently measured at amortised cost determined using the effective interest method. |
|
|
Foreign currency translation |
|
Transactions in foreign currencies are initially recognised at the rate of exchange ruling at the date of the transaction. At the end of each reporting period foreign currency monetary items are translated at the closing rate of exchange. Non-monetary items that are measured at historical cost are translated at the rate ruling at the date of the transaction. All differences are charged to profit or loss. |
|
|
Pensions |
|
Contributions to defined contribution plans are expensed in the period to which they relate. |
|
2 |
Employees |
2024 |
|
2023 |
£ |
£ |
|
|
Average number of persons employed by the company |
7 |
|
7 |
|
|
|
|
|
|
|
|
|
|
3 |
Other information |
|
|
Ruwenzori Foundation is a private company limited by guarantee and incorporated in England. Its registered office is: |
|
4 Chapel Row |
|
Queen Square |
|
Bath |
|
BA1 1HN |