Mexborough & Swinton Astronomical Society
Notes to the Accounts
- Parent Category: Annual Reports
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.
The Charities (Accounts and Reports) Regulations 2008 permit a charity where gross income does not exceed £25,000 to prepare accounts on the simplified Receipts and Payments basis, therefore only a Receipts and Payments Account has been prepared and presented, 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.
In the year ended March 31st 2010 gross income did not exceeded £25,000 and therefore, in accordance with the Charities (Accounts and Reports) Regulations 2008 no external scrutiny is required and no such requirement is imposed by the Society's governing document.
Cheques not cleared at bank at 31st March 2010
At 31st March 2010 there were 3 cheques issued by the society, with a total value of £106, which had not cleared at the bank.
For comparison, the value of cheques not cleared at 31st March 2009 was £220.
Approved and adopted by a meeting of the Executive Committee on June 9th 2010 and signed on their behalf
Leslie H. Marsden FRAS