2022-02-28-accounts - Spuc Education And Research Trust

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						2022	2021
				Unrestricted	Restricted	Total	Total
				fund	funds	funds	funds
INCOME AND ENDOWMENTS		FROM	Notes	E	E	E	E
Donations and legacies				456,727	40,250	496,977	351,372
Charitable activities
ARCH Educational materials				67 2,709		67 2,709	96 3,189
Investment income				72,837		72,837	65,371
Total				532,340	40,250	572,590	420,028
EXPENDITURE ON
Raising funds				29,869		29,869	34,431
Charitable activities
Grant-making ARCH International Educational materials				89,531 89,873 23,020 62,338	112,499	202,030 89,873 23,020 62,338	329,620 68,325 44,235 4,981
Total				294,631	112,499	407,130	481,592
Net gains on investments				159,757		159,757	57,289
NET INCOME/(EXPENDITURE)				397,466	(72,249)	325,217	(4,275)
RECONCILIATION OF FUNDS
Total funds brought	forward			2,644,835	72,249	2,717,084	2,721,359
TOTAL FUNDS CARRIED FORWARD				3,042,301		3,042,301	2,717,084

	Notes	2022f	2021 E
FIXEDASSETS
Tangible assets		2,743	4.950
Investments
Investments	16	2,323,628	2,182,740
Investment property	17	225,000	225,000
		2,551,371	2,412,690
CURRENT ASSETS
Stocks		4,066	4,882
Debtors		41,990	32,639
Cash at bank and in hand		535428	324,140
		581,482	361,661
CREDITORS
Amounts falling due within one year	20	{90,552)	(57,267)
NET CURRENT ASSETS		490,930	304,394
TOTAL ASSETSLESSCURRENT
LIABILITIES		3,042,301	2,717.084
NETASSETS		3,042,301	2,717084
FUNDS	23
Unrestricted funds Restricted funds		3,042,301	2,644,835 72,249
TOTAL FUNDS		3042,301	2,717084

	Notes	2022 f	2021
Cash flows from operating activities
Cash generated from operations		118,577	81,458
Net cash provided by operating activities		118,577	81,458
Cash flows from investing activities
Purchase oftangible fixed assets Purchase offixed asset investments Sale offixed asset investments Interest received Dividends received Rent received Movement in investment manager cash		(1,458) (131,477) 192,405 1,956 50,890 20,000 ~39,607	(510,517) 463,662 3,040 40,506 20,000 ~28,380
Net cash provided by/(used in) investing	activities	92,709	~11,889)
Change in cash and cash equivalents
in the reporting period Cash and cash equivalents at the		211,286	69,769
beginning ofthe reporting period		324,140	254,371
Cash and cash equivalents at the end
ofthe reporting period		535,426	324,140

RECONCILIATION ACTIVITIES	OF	NET	INCOME/(EXPENDITURE)	TO	NET	CASH	FLOW	FROM	OPERATING

ACTIVITIES		FROM OP	RATING
		2022	2021
Net income/(expenditure) for the reporting Statement ofFinancial Activities) Adjustments for:	period (as per the	325,217	F (4,275)
Depreciation charges Gain on investments Interest received Dividends received Rental income Non-cash dividends Decrease in stocks (Increase)/decrease in debtors Increase in creditors		3,665 (159,757) (1,956) (50,890) (20,000) (2,452) 816 (9,351) 33,285	3,853 (57,289) (3,040) (40,506) (20,000) 1,160 177,198 24,357
Net cash provided by operations		118,577	81,458

		At 1.3.21	Cash flow	At 28.2.22
Net cash
Cash at bank and	in hand	324,140	211,286	535,426
Total		324,140	211,286	535,426

				2022	2021
Donations Gift aid Legacies Grants				146„814 18,811 327,484 3,868	E 184,886 12,196 150,559 3,731
				496,977	351,372
Grants received,		included	in the above, are as follows:
				2022	2021
Coronavirus	Job	Retention	Scheme	3,868	3,731

4.	INVESTMENT INCOME	INVESTMENT INCOME
					2022	2021
						E
	Rents received Portfolio dividends & interest Deposit account interest Interest from Stannary Property				20,000 50,853 512 1,472	20,000 42,394 1,440 1,537
					72,837	65,371
5.	INCOME FROM CHARITABLE ACTIVITIES
					2022	2021
	Sales proceeds Sales proceeds		Activity ARCH Educational	materials	E 67 2,709	E 96 3,189
					2,776	3,285
6.	RAISING FUNDS
	Raising donations	and	legacies
					2022	2021
	Fundraising costs Legacy disposal costs				6,111	9,729 1,800
					6,111	11,529
	Investment management		costs
					2022	2021
	Portfolio management Property repairs				23,758	22,348 554
					23,758	22,902
	Aggregate amounts				29,869	34,431

		Grant
		funding	of
	Direct	activities		Support
	Costs (see	(see note		costs (see
	note 8)	9)		note 10)	Totals
	E			E	E
Grant-making		151,719		50,311	202,030
ARCH	89,873				89,873
International Educational materials	23,020 62,338				23,020 62,338
	175,231	151,719		50,311	377,261
DIRECT COSTS OF	CHARITABLE ACTIVITIES
				2022 f	2021 F
Staff costs Rent and common charges Telephone Postage and stationery Advertising Sundries Travel Counsellor fees Educational materials costs Educational films				76,565 9,468 2,093 515 379 3,460 1,947 18,101 4,543 57,795	75,178 9,383 1,568 1,250 1,778 5,717 784 16,902 4,981
Depreciation				365
				175,231	117,541
GRANTS PAYABLE
Total grants awarded	during the year were as follows:
				2022	2021
				P
SPUC Pro-Life SPUC Pro-Life - NPT SPUC Pro-Life Scotland SPUC Pro-Life Scotland - Alma Mater Fund SPUC Pro-Life Scotland - Her Voice SPUC Pro-Life Scotland - NPT Right To Life Malawi Stanton Healthcare Belfast Voice OfThe Family - NPT Grants to individuals				28,000 21,500 18,750 2,000 5,000 72,249 4,220	198,210 25,318 28,000 18,750 10,993 4,044
				151,?19	285,315

			Governance
		Management	costs	Totals
				F
Grant-making		33,815	16,496	50,311
NET INCOME/(EXPENDITURE)
Net income/(expenditure)	is stated after charging/(crediting):
			2022	2021
				E
Auditors' remuneration Depreciation - owned assets			9,275 3,665	11,267 3,853

STAFF COSTS
					2022	2021
Wages and salaries Social security costs Other pension costs					68,591 3,420 4,554	68,811 2,313 4,054
					76„565	75,178
The average monthly	number	of employees	during	the year was as follows:
ARCH International					2022 2 1	2021 2 1
Support					1	1

COMPARATIVES FOR THE STATEMENT OF FINANCIAL ACTIVITIES	COMPARATIVES FOR THE STATEMENT OF FINANCIAL ACTIVITIES	COMPARATIVES FOR THE STATEMENT OF FINANCIAL ACTIVITIES
		Unrestricted	Restricted	Total
		fund	funds	funds
INCOME AND ENDOWMENTS	FROM	F	E
Donations and legacies		260,373	90,999	351,372
Charitable activities
ARCH Educational materials		96 3,189		96 3,189
Investment income		65,371		65,371
Total		329,029	90,999	420,028
EXPENDITURE ON
Raising funds		34,431		34,431
Charitable activities
Grant-making ARCH International Educational materials		274,559 68,325 44,235 4,981	55,061	329,620 68,325 44,235 4,981
Total		426,531	55,061	481,592
Net gains on investments		57,289		57,289
NET INCOME/(EXPENDITURE)		(40,213)	35,938	(4,275)
RECONCILIATION OF FUNDS
Total funds brought forward
As previously reported Prior year adjustment		2,505,048 180,000	36,311	2,541,359 180,000
As restated		2,685,048	36,311	2,721,359
TOTAL FUNDS CARRIED FORWARD		2,644,835	72,249	2,717,084

15.	TANGIBLE FIXEDA	SSETS
			Fixtures
			and	Computer
			fittings	equipment	Totals
	COST		E	F	F
	At 1 March 2021 Additions		18,714	1,458	18,714 1,458
	At 28 February 2022		18„714	1,458	20,172
	DEPRECIATION
	At 1 March 2021 Charge for year		13,764 3,300	365	13,764 3,665
	At 28 February 2022		17,064	365	17,429
	NET BOOK VALUE
	At 28 February 2022		1,650	1,093	2,743
	At 28 February 2021		4,950		4,950
16.	FIXEDASSET INVESTMENTS
				2022	2021
	Shares Loans			2,113,628 210,000	1,972,740 210,000
				2,323,628	2,182,740
	Additional information	as follows:
			Listed	Unlisted
			investments	investments	Totals
	MARKET VALUE		E	F	E
	At 1 March 2021 Additions Disposals Unrealised gains/(losses) Movement in cash		1,972,720 133,929 (186,984) 154,336 39,607	20	1,972,740 133,929 (186,984) 154,336 39,607
	At 28 February 2022		2,113,608	20	2,113,628
	NET BOOK VALUE
	At 28 February 2022		2,113,608	20	2,113,628
	At 28 February 2021		1,972,720	20	1,972,740

18.	STOCKS
				2022 f	2021 E
	Stock			4,066	4,882
19.	DEBTORS:AMOUNTS FALLING DUE WITHIN		ONE YEAR
				2022	2021
					E
	Trade debtors			50	199
	Interest due from Stannary
	Property			141	113
	Gift Aid recoverable			9,926	11,075
	Prepayments and accrued	income		31,873	21,252
				41„990	32,639
20.	CREDITORS: AMOUNTS	FALLING DUE WITHIN ONE		YEAR
				2022	2021
	Trade creditors Social security and other taxes VAT Amount owed to SPUC Pro-Life Accrued expenses Grants payable			42,153 882 1,317 10,307 21,893 14,000	2,807 1,966 1,335 528 14,320 36,311
				90,552	57,267
21.	LEASING AGREEMENTS
	Minimum lease payments	under non-cancellable	operating	leases fall due as follows:

Minimum lease payments under non-cancellable opera	ting leases fall due as follows:
	2022	2021
		F
Within one year Between one and five years	20,000 10,000	20,000 30,000
	30,000	50,000

ANALYSIS O	F NE	SETS B	ETWEEN FUNDS
					2022	2021
			Unrestricted	Restricted	Total	Total
			fund	funds	funds	funds
				E	f.	E
Fixed assets Investments Current assets Current liabilities			2,743 2,548,628 581,482 ~90,552)		2,743 2,548,628 581,482 ~90,552)	4,950 2,407,740 361,661 ~57,257)
			3,042,301		3,042,301	2,717,084
MOVEMENT IN FUNDS
					Net
					movement	At
				At 1.3.21	in funds	28.2.22
				E	E
Unrestricted funds
General fund				2,644,835	397,466	3,042,301
Restricted funds
NPT Restricted	Donation			72,249	(72,249)
TOTAL FUNDS				2,717,084	325,217	3,042,301
Net movement	in funds,	included	in the above are as follows:
			Incoming	Resources	Gains and	Movement
			resources	expended	losses	in funds
Unrestricted funds			F		E	E
General fund			532,340	(294,631)	159,757	397,466
Restricted funds
NPT Restricted Donation Scotland Restricted Donation			40,250	(72,249) ~40,250)		(72,249)
			40,250	~112499		~72,249
TOTAL FUNDS			572,590	)407,130)	159,757	325,217

				Prior	Net
				year	movement	At
			At 1.3.20	adjustment	in funds	28.2.21
			E		E	F
Unrestricted	funds
General fund			2,505,048	180,000	(40,213)	2,644,835
Restricted funds
NPT Restricted		Donation	36,311		35,938	72,249
TOTAL FUNDS			2,541,359	180,DDD	~4,275)	2,717,084

Compara	tive ne	ncluded in the above	are as follows:
		Incoming	Resources	Gains and	Movement
		resources	expended	losses	in funds
		E	E		F
Unrestricted funds
General	fund	329,029	(426,531)	57,289	(40,213)
Restricted funds
NPT Restricted Donation Scotland Restricted Donation		72,249 18,750	(36,311) ~18,750)		35,938
		90,999	~55,081		35,938
TOTAL	FUNDS	420,028	)481,592)	57,289	~4,275)