MSAS

"the advancement of education for the public benefit in astronomy and its associated sciences"

Notes to the Accounts

Restricted Funds

The society closed its New Horizons restricted fund on March 31st 2012 and is currently operating with no restricted funds; they are included here for consistency and to simplify comparison with previous years.

Trustees' Expenses

No expenses were paid to any of the Trustees during the year except to reimburse them for purchases made on behalf of the Society.

Trustees' Indemnity Insurance

No charitable funds have been used to purchase insurance to indemnify the Trustees against the consequences of any neglect or default on their part.

Accounting Policies

Section 133 of the Charities Act 2011 permits a charity to prepare a receipts and payments account and a statement of assets and liabilities where gross income in the financial year does not exceed £250,000, therefore receipts and payments accounts and a statement of assets and liabilities has been prepared and presented for the year ended March 31st 2015; this is consistent with previous years.

Bank Interest is included in the Admin & General category.

All Income, including grants and investment income is recorded when received.

All Expenditure is recorded when paid.

Gift aid reclaimable on donations is included in the amounts of income once received.

Basis of Valuations

Valuations have been provided for assets held for functional use; where possible the brand new purchase price/replacement cost is given. If this is not readily available a second-hand purchase price is given.

Independent Scrutiny

In the year ended March 31st 2015 gross income did not exceeded £25,000 and therefore, in accordance with the sections 144 & 145 of the Charities Act 2011 no audit or independent examination is required and no such scrutiny requirement is imposed by the Society’s governing document.

Cheques not cleared at bank at 31st March 2015

At 31st March 2015 there were no cheques issued by the society which had not cleared at the bank.

For comparison, at 31st March 2014 there were no cheques issued by the society which had not cleared at the bank.

Approved and adopted by a meeting of the Executive Committee on May 6th 2015 and signed on their behalf.

Les Marsden - Signature

Leslie H. Marsden FRAS

Chairman

 

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Mexborough & Swinton Astronomical Society is a Registered Charity in England & Wales, Registered Charity No 1064103.

Affiliated to the Federation of Astronomical Societies.

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