2023-02-28-accounts - Spuc Education And Research Trust

This text was generated using OCR and may contain errors. Check the original PDF to see the document submitted to the regulator.

						2023	2022
				Unrestricted	Restricted	Total	Total
				fund	funds	funds	funds
			Notes	2	8	8	8
INCOME AND ENDOWMENTS		FROM
Donations	and legacies		3	152,244		152,244	496,977
Charitable	activities
ARCH				25		25	67
Educational	materials			1,683		1,683	2,709
Investment	income		4	79,395		~79 395	72,837
Total				233 347		233,347	572,590
EXPENDITURE ON
Raising funds			6	23,439		23,439	29,869
Charitable	activities		7
Grant-making				44,881		44,881	202,030
ARCH				181,426		1817428	89,873
International							23,020
Educational	materials			2,649		2,649	62 338
Total				252,395		252,395	407,130
Net gains/(losses) on investments				~724877		~79,487)	159,757
NET INCOME/(EXPENDITURE)				(98,535)		(98,535)	325,217
RECONCILIATION OF FUNDS
Total funds	brought forward			3,042,301		3,042,301	2,717,084
TOTAL FUNDS CARRIED FORWARD				2 943766	-	2943 766	3 042 307

			2023	2022
		Notes
FIXEDASSETS
Tangible assets		16	729	2,743
Investmsnts
Investments		16	2,169,203	2,323,628
Investment property		17	~250 000	~225 000
			2,419,932	2,551,3T1
CURRENT ASSETS
Stocks		18	3,609	4,066
Debtors Cash at banlc and	In hand	19	59,228 ~485 8ST	41,890 ~535426
			648,724	581,482
CREDITORS
Amounts faglng due within one year			(24,890)	(80,652)
NET CURRENT ASSETS			~523834	~480 830
TOTAI. ASSETS	LESSCURRENT
LIABILITIES			2,943,768	3,042,301
NET ASSETS			~2943786	~3042 301
FUNDS		23
Unrestricted funds			~2943766	~3042 301
TOTAL FUNDS			~2943766	~3042 301

		2023	2022
	Notes	2	2
Cash flows from operating activities Cash generated from operations	1	(178,872)	~118577
Net cash (used in)fprovided by operating	activities	{178,872)	118,577
Cash flows from investing activities Purchase of tangible fixed assets Purchase of fixed asset investments		(141,631)	(1,458) (131,477)
Sale of fixed asset Investments		205,752	192,405
Interest received		6,272	1,956
Dividends received		52,566	50,890
Rent received		20,000	20,000
Movement in investrnsnt manager cash		$13,626)	~39,607)
Net cash provided by investing activities		129,333	~92709
Change in cash and cash equivalents in the reporting period		(49)539)	211,286
Cash and cash equivalents at the beginning ofthe reporting period		535,426	324,140
Cash and cash equivalents st the end ofthe reporting period		485,887	~535 426

RECONCILIATION ACTIVITIES	OF	NET	(EXPENDITURE)	/INCOME TO NET	CASH FL	OW FROM OPE	RATING
						2023	2022
						2	2
Net (expenditure)/income Statement of Financial		for the reporting Activities)		period (as per the		(95,535)	325,217
Ad) ustmsnts for: Depreciation charges Losses/(gain) on investments Interest received						2,014 79,487 (6,272)	3,665 (159,757) (1,956)
Dividends received						(52,566)	(50,890)
Rsntai Income						(20,000)	(20,000)
Non-cash dividends Decrease in stocks						(557) 457	(2,452) 816
Increase in debtors						(17,238)	(9,351)
(Decrease)/increase	In creditors					~65662)	33,285
Net cash (used in)/provided			by operations			~178,872)	118,577
ANALYSIS OF CHANGES			IN NET FUNDS
				At	1.3.22	Cash flow	At 28.2.23
					2	2	2
Net cash
Cash at bank and in	hand			535,426		$49,539)	485,887
				~535 426		~49539)	485,887
Total				535i426		(49,539)	I 485887

				2023	2022
				2	2
Donations				97,661	146,814
Gift aid				13,177	18,811
Legacies Grants				41,606	327,484 3,866
				152,244	496,977
Grants received,		included	in the above, are as follows:
				2023	2022
Coronavirus	Job	Retention	Scheme		3,868

4.	INVESTMENT INCOIIIIE			2023 2	2022 f
	Rents received Portfolio dividends &interest Deposit account interest Interest from Stannary Property			20,000 53,123 2,261 4,011	20,000 50,853 512 ~1472
				79,395	72,837
5.	INCOME FROM CHARITABLE ACTIVITIES			2023	2022
	Sales proceeds Sales proceeds	Activity ARCH Educational	materials	2 25 1,683	67 ~2709
				1,708	2,776
8.	RAISING FUNDS
	Raising donations and legacies			2023	2022
				2	2
	Fundraising costs			410	6 111
	Investment management	costs		2023 2	2022f
	Portfolio management Professional fees			20,329 ~2700	23,758
				~23 029	23,758
	Aggregate amounts			23,439	~29 869

				Grant
				funding	of
			Dlr'ect	activities		Support
			Costs (see	(see note		costs (see
			note 8)	9)		note 10)	Totals
			2	2		2	2
Grant-making ARCH Educational materials			122,983 2,649	44,881		58,443	44,881 181,426 ~2649
			~125632	5 44 881		58,443	228,956
DIRECT COSTS OF	CHARITABLE ACTIVITIES
						2023	2022
						2
Staff costs						67,924	76,565
Rent snd common charges Telephone Postage and stationery Advertising Sundries						105623 2,456 1,440 280	9,468 2,093 515 379 3,460
Travel						2&839	1,947
Counsellor fees						32,057	18,101
Educational materials		costs				2,649	4,543
Educational films							57,795
ITcosts						1,890
Training Depreciation						3,109 365	365
						125,632	175,231
GRANTS PAYABLE
Total grants awarded		during the year were as follows:
						2023	2022
						2	2
SPUC Pro-Life Scotland						28,000	28,000
SPUC Pro-Life Scotland			- Alma Mater Fund				21,500
SPUC Pro-Life Scotland			- Her Voice				18,750
Pregnancy Crisis Hslplins						10,000
Right To Life Malawi						2,200	2,000
Stanton Healthcare	Belfast						5,000
Voice Of The Family-		NPT					72,249
Grants to individuals						4,681	4,220
						44,541	&5& &15


10.	SUPPORT COSTS
					Governance
				Management	costs	Totals
				2	2	2
	ARCH			42,243	16,200	58,443
	Support costs, included	in	the above, are as follows:		2023	2022
						Total
					ARCH	activities
					2	2
	Rent, rates and water Postage and stationery Administration Bank charges Auditors' remuneration Trustees' travel expenses Accountancy and legal fees				32)200 356 9,302 385 9,286 1,46'7 5,447	28,452 479 4,323 561 9,275 612 6,609
					58,443	50,311
11.	NET INCOME/(EXPENDITURE)
	Net income/(expenditure)		is stated after charging/(crediting):
					2023	2022
					2	2
	Auditors' remuneration				9,286	9,275
	Depreciation - owned assets				2,014	3,665

STAFF COSTS
			2023	2022
			2	2
Wages and salaries			62,263	68,591
Social security costs			1,710	3,420
Other pension costs			3,951	4,554
			67,924	76,565
The average monthly	number of employees	during the year was as follows:
			2023	2022
ARCH			3	3
International				1
			3

			Unrestricted	Restricted	Total
			fund	funds	funds
			8	8	2
INCOME AND ENDOWMENTS		FROM
Donations	and legacies		456,727	40,250	496,977
Charitable	activities
ARCH			67		67
Educational	materials		2,709		2,709
Investment	income		72,837		72,837
Total			~532340	40,250	572,590
EXPENDITURE ON
Raising funds			29,869		29,889
Charitable	activities
Grant-making			89,531	112,499	202,030
ARCH			89,8?3		89,873
International Educational	materials		23,020 ~62 338		23,020 62,338
Total			294,931	112499	407130

14.	COMPARATIVES FOR THE STATEMENT OF FINANCIAL	ACTIVITIES - Unrestricted	continued Restricted	Total
		fund	funds	funds
				2
	Net gains on Investments	153757		159,757
	NET INCOME/(EXPENDITURE)	397,486	(72,249)	325,217
	RECONCILIATION OF FUNDS Total funds brought forward	2,644,835	72,249	2,717,084
	TOTAL FUNDS CARRIED FORWARD	3 042 301	.	~3,042 301
15.	TANGIBLE FIXED ASSETS
		Fixtures
		and	Computer
		fiNings	equipment	Totals
				2
	COST At 1 March 2022 and 28 February 2023	18,714	1 458	20,172
	DEPRECIATION At 1 March 2022 Charge for year	17,064 7 1 650	365 364	17,429 2,014
	At 28 February 2023	18,714	729	1 19443
	NET BOOK VALUE At 28 February 2023		729	729
	At 28 February 2022	1,650	~1093	2,743
16.	FIXEDASSET INVESTMENTS		2023	2022
			2	2
	Shares Loans		1,989,203 180,000	2,113,628 210000
			~218a 203	2,323,528

Additional i	nformation as foltowsi
		Listed	Unlisted
		investments	investments	Totals
		2	2	2
MARKET VALUE
At 1 March	2022	2,113,608	20	2,113,628
Additions		142,188		142,188
Disposals		(189,981)		(189,981)
Unrsalised Movement	gains/(losses) in cash	(90,258) 13,626		(90,268) 13,626
At 28 February 2023		1,900103	20	1,989,203
NET BOOK VALUE
At 28 February 2023		1,989,183	20	1,000,200
At 28 February 2022		2113608	20	2,113,626
				Other
				loans
				2
At 1 March Repayments	2022 in year			2109000 ~30,0003
Ai 28 February 2023				180,000

FAIR VALUE At 1 March 2022 Revaluation	225,000 25,000
At 28 February 2023	250,000
NET BOOK VALUE A128 February 2023	~250 000
At 28 February 2022	~225 000

STOCKS
		2023	2022
		2	2
Stock		~3609	~4066
DEBTORS', AMOUNTS	FALLING DUE WITHIN ONE YEAR	2023	2022
		2	2
Trade debtors		170	50
Interest due from Stannary Property Gift Aid recoverable Prepayments and accrued income		507 6,445 52,106	141 9,926 31,873
		~59 228	41,990

CREDITORS: AMOUNTS	FALLING DUE WITHIN ONE YEAR
		2023	2022
		8
Trade creditors		62206	42,153
Social security and other VAT	taxes	1,560 1,349	882 1,317
Amount owed IoSPUC Pro-Life			10,307
Accrued expenses Grants payable		15,775	21,893 14,000
		24,690	90,552

Minimum lease payments under non-cancellable opera	ting leases fall due as follows:
	2023	2022
	2
Within one year Between one and five years	20,000 10,000	20,000 30,000
	30,000	50,000

ANALY	SIS OF NET ASSETS	BETWEEN FUNDS
				2023	2022
		Unrestricted	Restricted	Total	Total
		fund	funds	funds	funds
		2	2	2	2
Fixed assets		729		729	2,743
Investments		2,419,203		2,419,203	2,548,628
Current Current	assets liabilities	548,724 ~24,090)		548,724 ~24&890)	58'I,482 ~90552),
		2943,766		2,943,766	3,042,30)

MOVEMENT	IN	FUNDS	FUNDS			Nst
						movement	At
					At 1.3.22	In funds	28,2.23
						2	2
Unrestricted General fund	funds				3,042,301	(98,535)	2,943,766
TOTAL FUNDS					3D433DI	~68,535)	2,343766
Net movement		in	funds, included	in the above are as follows:
				Incoming	Resources	Gains and	Movement
				resources	expended	losses	in funds
				2	2	2	2
Unrestricted General fund	funds			233,347	(252,395)	(79,487)	(98,535)
TOTAL FUNDS				233347	(252,395)	~79,487)	(98,535)
Compsratives		for movement		in funds
						Net
						movement	At
					At 1.3.21	In funds	28.2,22
					2	2
Unrestricted General fund	funds				2,644,835	397,466	3,042,301
Restricted funds
NPT Restricted			Donation		72,249	(72,249)
TOTAL FUNDS					2717084	325,217	3,042,301

Comparative net mo	vement in funds, i	ncluded in the above	are as follows:
		Incoming resources 2	Resources expended 2	Gains and losses 2	Movement in funds 2
Unrestricted funds General fund		532,340	(294,631)	159,757	397,466
Restricted funds NPT Restricted Donation			(72,249)		(72,249)
Scotland Restricted	Donation
		~40 250	~112499)	-	~72 249)
TOTAL FUNDS		572,590	~407,130)	~159 757	~325 217