(A COMPANY LIMITED BY GUARANTEE AND NOT HAVING ANY SHARE CAPITAL AND EXEMPT FROM USING THE WORD "LIMITED")
NOTES TO THE FINANCIAL STATEMENTS
For the year ended 30 September 2009
1. ACCOUNTING POLICIES
1.1. Accounting Convention
The financial statements have been prepared in accordance with accounting standards generally accepted in Ireland and Irish statute comprising the Companies Acts, 1963 to 2009. Accounting Standards generally accepted in Ireland in preparing financial statements giving a true and fair view are those published by the Institute of Chartered Accountants in Ireland and issued by the Accounting Standards Board.
1.2. Grants Receivable
Grants receivable are accounted for when the Company's entitlement becomes legallyenforceable.
1.3. Membership Fees
Membership fees are dealt with in the accounts in the year to which theyrelate, insofar as theyare collected.
1.4. Tangible Fixed Assets and Depreciation
The cost of fixed assets including leased assets is written off in equal instalments over their expected useful lives as follows:-
Land & buildings
Fixtures and fittings
Computer equipment
1.5. Stocks
2%/10% Straight Line
20% Reducing balance
25% Reducing balance
Stocks are valued on the first in, first out basis, at the lower of cost and net realisable value.
Cost represents invoice price. Net realisable value comprises the actual or estimated selling price less all further costs of completion and sale.
1.6. Accounting Period
The accounting period represents a twelve month trading period. The comparative period represents a nine month trading period from 1 January2008 to 30 September 2008.
2. EMPLOYEES AND REMUNERATION
The average number of persons employed byScouting Ireland in the financial year was 35 (2008 : 36).
The directors of Scouting Ireland received no remuneration for their services. Direct incurred expenses are reimbursed.
The staff costs are comprised of: € € (12 months) (9 months)
NOTES TO THE FINANCIAL STATEMENTS
For the year ended 30 September 2009
(A COMPANY LIMITED BY GUARANTEE AND NOT HAVING ANY SHARE CAPITAL AND EXEMPT FROM USING THE WORD "LIMITED")
NOTES TO THE FINANCIAL STATEMENTS
For the year ended 30 September 2009
24. APPROVAL OF FINANCIAL STATEMENTS
The financial statements were approved on 4 January2010.