Pillar Kincardine Policy - Financial Accounting

Pillar Kincardine Policy - Financial Accounting - Adopted 15 June 2010

Financial Accounting

It is Pillar Kincardine policy to comply at all times with the legal, moral and good-practice requirements that accrue from our status as a registered company of charitable status, limited by guarantee.

As directors/trustees of the company, the Board is required by law to prepare

financial statements for each financial year that (a) give a true and fair view of the state of the company's affairs and (b) have been prepared in accordance with applicable accounting standards
a directors' report for each financial year and also an annual report complying in its form and content with applicable company and charity regulations.

We accordingly undertake to

select suitable accounting policies and apply them consistently
keep adequate accounting records which disclose with reasonable accuracy at any time the company's financial position
safeguard the assets of the company through the prevention and detection of fraud and other irregularities
make judgements and estimates that are reasonable and prudent
take reasonable steps to ensure the company's activities are conducted honestly
determine, for each financial year, whether the company meets the conditions for exemption from an audit
decide, for each financial year, whether an independent examiner's report in respect of the financial statements shall be made
appoint appropriate accountants to make such a report where necessary
make available to the independent examiner, as and when required, all accounting records and related financial information, including minutes of management and members' meetings, that are necessary to carry out this work
make full disclosure of all relevant information

Addendum - Reserves Policy

(adopted 18 Oct 2011)

In line with identified good practice (SORP) and on the advice of our accountant we aim to build up our reserves to cover six months' normal expenditure,

Pillar Kincardine Policy - Financial Accounting - Adopted 15 June 2010