2024-12-31-accounts - The Spiritualists' National Union

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

The Spiritualists’ National Union Trustees Annual Report 2024

www.snu.org.uk

----- Start of picture text -----
Minister Jackie Wright President
be difficult for some - particularly those who are comfortable and familiar with things being done in a particular way. But part of this change means setting a higher standard, and ensuring that our policies and codes of conduct are enforced consistently. Our religion deserves the highest standards of conduct. We have further modernised by bringing in professionals and expanding our staff this year. This new professional body means that our volunteers are better able to focus on progressing our religion and not just administer the Union’s functions. 2025 is shaping up to be an exciting year for our Union. As always, I thank the fantastic churches, districts, members and volunteers who are planning and carrying out exciting demonstrations of Spiritualist healing. There have been many wonderful examples to see! After many decades of neglect, we are seeing the science of Spiritualism making a resurgence under the stewardship of Penny Hayward OSNU and her committee. Penny has engaged with many Universities, and we have a growing network of academics interested in our religion. Thank you to all members of our Union for all that you do. The NEC and I are working hard to safeguard our Union’s future not just for the next year, but for the future. It is the duty of us all to hand our religion to the generations to come, so that the light of Spiritualism continues to illuminate the path for others.
Minister Jackie Wright President of The Spiritualists’ National Union
as a result of careful financial planning and making decisions that recognises the importance of churches, we have been able to convert temporary emergency loans - that have hampered committees in progressing - into grants, to alleviate the burden of debt. This isn’t just about numbers on a spreadsheet. The decisions made are having a real impact on our movement. I am proud that we have been able to support Horden Church with the refurbishment of their church, who only two years ago believed that their only option was to demolish the church. Our heritage matters, and by protecting our history we can build towards our future. Saddleworth is another of our historic churches that was believed could not be saved. It has been. It is now a thriving church, completely refurbished and ready to serve its community. We are pleased to share some case studies in this report of these and other Churches that we have been able to help. We are very aware that decisions we make as an NEC have real life impact and I never forget this. That’s why we are saving churches and investing in them. We are working hard to make membership of the SNU worthwhile. Not just because of the awards and education that we offer, but because you are joining a family of Spiritualists. The NEC are always seeking opportunities to engage with communities and spread the word about what we believe. One of the real joys and privileges I have as President is being able to visit churches and centres in every district, which I continue to do. We do not want there to be any sense of sepa- ration, of ‘us and them’ within the Union. I have held consultative meetings with members, church committees and district representatives. We will continue to engage with everyone to ensure we are delivering the absolute best for our Union. Change is never easy. George Bernard Shaw summed it up perfectly: “Progress is impossible without change.” We cannot hold up progress any longer, and have embarked on an ambitious programme of change. I appreciate that this can
the restructuring of our Union to better serve members and Churches. As a Union, we regularly hear the struggles and challenges our Churches, Districts and Centres face. I know this from visiting many myself. To help, we have agreed numerous grants for churches totalling £758,123, more details of which can be found on page 76. In addition, and
Moving Forward I begin my second term as President of the Spiritualists’ National Union in a very different position to how I began my first term. It has been a great pleasure to see our Union strengthened in many areas, and work underway to improve others. I reaffirm my commitment to you all that our Union will be stronger as we move forward, together. Our religion continues to grow. We continue with important changes that need to be made to ensure our religion thrives. This includes
----- End of picture text -----

----- Start of picture text -----
of the
The Trustees are pleased to present their report, together with the audited financial statements of the charity, for the year ending 31st December 2024. The financial statements comply with the Charities Act 2011, the Charities Statement of Recommended Practice second edition 2019 and FRS 102.
Report trustees for the year ended 31st December 2024
----- End of picture text -----

----- Start of picture text -----
2024
Annual Report
Trustees
|
Union
National
Objectives
Spiritualists’
Aims & 5
----- End of picture text -----

----- Start of picture text -----
Further develop Spiritualist Education and Training. Education and Training – see Page 36 Healing – see Page 17 Ministry Development – see Page 20 Arthur Findlay College & Barbanell Centre – see Page 21 Engagement with Members Diversity and Inclusion – see Page 32 Annual General Meeting 2024 – see Page 33 Raise the profile of Spiritualism locally, nationally and internationally International – see Page 36 Open Week 2024 – see Page 37
Promote the Religion and Religious teachings of Spiritualism based on the Seven Principles. Communications and Publicity – see Page 13 Peace Walk 2024 – see Page 15 Science and Spiritualism – see Page 16 Provide support and training for our churches. Working with our Churches – see Page 25 Working with our Volunteers to support Churches – see Page 26 Developing our Church Properties – see Page 27 Church Case Studies – see Page 28 Safeguarding – see Page 31
Union fit for the future.
----- End of picture text -----

----- Start of picture text -----
Continue to review opportunities to increase our membership, and improve Finalise and roll-out new websites for the Union and the Arthur Findlay College. Review and modernise the Union’s Policies and Bye-laws to ensure they
Engage with members, and increase individual membership In 2025 we will: our membership offering. Develop better communication between members and member representatives. Work with our overseas ambassador to better engage with our overseas members and increase the international membership. Raise the profile of Spiritualism locally, nationally and internationally In 2025 we will: Continue to develop and share the digital package for all Churches to promote themselves on social media. Explore and develop improved avenues for communication. Encourage every Church to share best practice with other Churches. Ensure high standards of Governance In 2025 we will: are fit for purpose and fit for the future. Modernise the Union’s internal financial controls. Develop our Safeguarding provision, and support Churches, to ensure that everybody coming into contact with us is protected.
Develop new digital channels to better engage with Continue to update and refresh our educational courses and training. Continue to support Churches financially.
Promote the Religion and Religious teachings of Spiritualism based on the Seven Principles In 2025 we will: churches and communities. Promote National Healing Year to spread understanding of Spiritualist healing to the wider public. Engage with community events locally and nationally. Further develop Spiritualist Education & Training In 2025 we will: Make training more accessible for our overseas members. Develop the Ministry to be more engaged with the public. Provide support and training for our churches In 2025 we will: Make training more accessible for our overseas members. Develop and roll-out Training Hubs in every District. Encourage every Church to share best practice with other Churches.
Developing Our Strategy In 2025 How the Union’s strategic priorities will be developed and delivered in 2025:
----- End of picture text -----

----- Start of picture text -----
“There was a record attendance at the Peace Walk at the National Memorial Arboretum in July 2024 and it was considered a huge success”.
----- End of picture text -----

----- Start of picture text -----
Union, including a variety of Inter-Faith celebra- tions in Manchester and Gateshead alongside Black History Month services at the Dorothy Hudson Spiritualist Centre. Major Events The communications team played an important role in the promotion of two of the Union’s major events in the calendar year. There was a record attendance at the Peace Walk at the National Memorial Arboretum in July 2024 and it was considered a huge success.
Communications & Publicity 2024 was another busy and exciting year for the Union and its communications. Rhyl and District Spiritualist Centre The year began with Rhyl and District Spiritualist Centre moving into its new premises, a glorious converted former Methodist Church in Rhuddlan. Spotlight Initiative With churches continuing to be at the heart of what the Union is and does, the ‘Spotlight’ initiative provided in-depth articles on activities within the Union community providing inspiration for all. On social media, the more regular, smaller scale spotlighting continued to shine a light on the good practice, examples and good news from across the
----- End of picture text -----

----- Start of picture text -----
32
----- End of picture text -----

----- Start of picture text -----
Safeguarding
----- End of picture text -----

----- Start of picture text -----
Spiritualists’ National Union | Trustees Annual Report 2024
----- End of picture text -----

----- Start of picture text -----
“Visitor feedback was overwhelmingly positive, and attendance figures for 2024 showed an impressive jump year-on-year, too - with over 600 more visitors”.
----- End of picture text -----

----- Start of picture text -----
Open Week 2024 The Arthur Findlay College’s annual Open Week in May saw a packed programme of workshops, services, readings as much more, as a truly international audience flocked to Stansted Hall for this showcase of Spiritualism. Taking place over the course of four days across the May bank holiday, the AFC’s Open Week is a fantastic way of introducing SNU Spiritualism, its principles and teachings to newcomers. But so too does it provide a diverse collection of thought-provoking, investigative workshops and seminars for veterans, too. And, as is conventional for the world-renowned centre of learning and development, visitors came from all over the globe to attend! Visitor feedback was overwhelmingly positive, and attendance figures for 2024 showed an impressive jump year-on-year, too - with over 600 more visitors attending when compared to the already-busy 2023 event.
----- End of picture text -----

----- Start of picture text -----
Total
Change
£1,008,192
-£5,042
Publications
Raising Funds £51,501
£452,593
Educational Programme
Affiliation £509,140
£2,000,000 £1,000,000 £500,000 £400,000 £300,000 £200,000 £100,000 £50,000 £0 - £10,000
Total expenditure increased by £1,008,192 in the year, the following chart shows the key movements: Changes in expenditure year-on-year Changes in Expenditure year-on-year
Other Income £36,465
£372,233
Investments
£5,253,315
Donations £1,045,337
Other Trading £59,392
Charitable Activities £3,739,888
2023
£4,000,000 £3,000,000 £2,000,000 £1,000,000 £500,000 £400,000 £300,000 £200,000 £100,000 £50,000 £0
Other Income £38,862
£413,372
Investments
£5,540,514 Donations £618,415
Other Trading £112,081
Charitable Activities £4,357,784
2024
The charity generates income in various ways; donations, membership fees and our education programme is supplemented by income from property as well as dividends from our investment portfolios. Income from our charitable activities has risen to £4,357,784 (2023: £3,739,888) thanks, in part, to the increase in students attending the Arthur Findlay College. Online content continues to be offered to all members and includes services of worship, education courses, healing, readings and training, as part of a varied programme. Donations and legacies were received during the year of £618,415 (2023: £1,045,337), including a legacy of £250,000 from Mrs Beryl Illstone, a long-standing member of the Union. The charity is extremely grateful for the very generous donation. Small donations accounted for £107,659 (2023: £54,987), many thanks to those members who contributed in this way - every donation, no matter how small, is helpful! Investment income increased during 2024 to £413,372 (2023: £372,233) as the charity benefited from increased bank interest rates. The dividend income received by the Union across all portfolios increased by 7.5%, providing an income of £230,982 (2023: £213,870) as the portfolio shifted towards absolute return and fixed interest holdings, to take advantage of higher interest rates. Graphic showing increase/decrease in income 2024/2023 £0
£4,000,000 £3,000,000 £2,000,000 £1,000,000 £500,000 £400,000 £300,000 £200,000 £100,000 £50,000
----- End of picture text -----

----- Start of picture text -----
onal Union
Nati
Spiritualists’
the
of
By order of the National Executive Committee Jackie Wright President The Coach House, Stansted Hall, Stansted Mountfitchet, Essex, CM24 8UD
Trustees’ Responsibilities In Relation to the Financial Statements In preparing the Trustee report and the financial statements in accordance with applicable law and
----- End of picture text -----

	Other information				The other information comprises the information included in the Annual Report other than the financial	statements and our Auditors' Report thereon. The Trustees are responsible for the other information contained	within the Annual Report. Our opinion on the financial statements does not cover the other information and,	except to the extent otherwise explicitly stated in our report, we do not express any form of assurance conclusion	thereon. Our responsibility is to read the other information and, in doing so, consider whether the other	information is materially inconsistent with the financial statements or our knowledge obtained in the course of the	audit, or otherwise appears to be materially misstated. If we identify such material inconsistencies or apparent	material misstatements, we are required to determine whether this gives rise to a material misstatement in the	financial statements themselves. If, based on the work we have performed, we conclude that there is a material	misstatement of this other information, we are required to report that fact.		We have nothing to report in this regard.		Opinion on other matters prescribed by the Companies Act 2006	In our opinion, based on the work undertaken in the course of the audit:	� the information given in the Trustees' Report including the Strategic Report for the financial year for which the financial statements are prepared is consistent with the financial statements.	� the Trustees' Report and the Strategic Report have been prepared in accordance with applicable legal requirements.		Matters on which we are required to report by exception		In the light of our knowledge and understanding of the charitable company and its environment obtained in the	course of the audit, we have not identified material misstatements in the Trustees' Report including the Strategic	Report.		We have nothing to report in respect of the following matters in relation to which Companies Act 2006 requires	us to report to you if, in our opinion:	� adequate accounting records have not been kept, or returns adequate for our audit have not been received from branches not visited by us; or	� the financial statements are not in agreement with the accounting records and returns; or	� certain disclosures of Trustees' remuneration specified by law are not made; or	� we have not received all the information and explanations we require for our audit.		Responsibilities of trustees	As explained more fully in the Trustees' Responsibilities Statement, the Trustees (who are also the directors of	the charitable company for the purposes of company law) are responsible for the preparation of the financial	statements and for being satisfied that they give a true and fair view, and for such internal control as the	Trustees determine is necessary to enable the preparation of financial statements that are free from material	misstatement, whether due to fraud or error.	In preparing the financial statements, the Trustees are responsible for assessing the charitable company's ability	to continue as a going concern, disclosing, as applicable, matters related to going concern and using the going	concern basis of accounting unless the Trustees either intend to liquidate the charitable company or to cease	operations, or have no realistic alternative but to do so.
Opinion		We have audited the financial statements of Spiritualists' National Union (the 'charity') for the year ended 31			December 2024 which comprise the Statement of Financial Activities, the Balance Sheet, the Statement of Cash	Flows and the related notes, including a summary of significant accounting policies. The financial reporting	framework that has been applied in their preparation is applicable law and United Kingdom Accounting	Standards, including Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK	and Republic of Ireland' (United Kingdom Generally Accepted Accounting Practice).		In our opinion the financial statements:		� give a true and fair view of the state of the charitable company's affairs as at 31 December 2024 and of its	incoming resources and application of resources, including its income and expenditure for the year then	ended;	� have been properly prepared in accordance with United Kingdom Generally Accepted Accounting	Practice; and	� have been prepared in accordance with the requirements of the Companies Act 2006.	Basis for opinion	We conducted our audit in accordance with International Standards on Auditing (UK) (ISAs (UK)) and applicable law. Our responsibilities under those standards are further described in the Auditors' responsibilities for the audit of the financial statements section of our report. We are independent of the charitable company in accordance with the ethical requirements that are relevant to our audit of the financial statements in the United Kingdom,		including the Financial Reporting Council's Ethical Standard, and we have fulfilled our other ethical	responsibilities in accordance with these requirements. We believe that the audit evidence we have obtained is	sufficient and appropriate to provide a basis for our opinion.		Conclusions relating to going concern		In auditing the financial statements, we have concluded that the Trustees' use of the going concern basis of	accounting in the preparation of the financial statements is appropriate.		Based on the work we have performed, we have not identified any material uncertainties relating to events or conditions that, individually or collectively, may cast significant doubt on the charitable company's ability to continue as a going concern for a period of at least twelve months from when the financial statements are authorised for issue.			Our responsibilities and the responsibilities of the Trustees with respect to going concern are described in the	relevant sections of this report.

SPIRITUALISTS' NATIONAL UNION	(A Company Limited by Guarantee)	REGISTERED NUMBER: 00071661		BALANCE SHEET	AS AT 31ST DECEMBER 2024		2024 2023	Note £ £	Fixed assets	Tangible assets 13 4,948,639 4,961,866	Investments 15 7,573,111 8,584,062	Investment property 14 3,044,818 3,018,000	Investment property 14 3,044,818 3,018,000		Total fixed assets 15,566,568 16,563,928	Current assets	Stocks 16 59,266 56,620 Debtors 17 454,280 163,894	Stocks 16 59,266 56,620 Debtors 17 454,280 163,894	Stocks 16 59,266 56,620 Debtors 17 454,280 163,894	Investments 18 412,872 683,992	Cash at bank and in hand 1,748,804 1,036,631			Total current assets 2,675,222 1,941,137	Creditors: amounts falling due within one	year 19 (687,141) (1,073,151)	year 19 (687,141) (1,073,151)			Net current assets 1,988,081 867,986			Total assets less current liabilities 17,554,649 17,431,914			Total net assets 17,554,649 17,431,914				Charity funds	Restricted funds 20 1,134,581 799,877	Unrestricted funds 20 16,420,068 16,632,037	Total funds 17,554,649 17,431,914				The Trustees acknowledge their responsibilities for complying with the requirements of the Act with respect to	accounting records and preparation of financial statements.	The financial statements were approved and authorised for issue by the Trustees and signed on their behalf by:			Minister J Wright Mr J Underwood	President Financial Director	Date: 16 July 2025 Date: 16 July 2025	The notes on pages form part of these financial statements. ��	The notes on pages form part of these financial statements. ��
SPIRITUALISTS' NATIONAL UNION	(A Company Limited by Guarantee)		STATEMENT OF FINANCIAL ACTIVITIES (INCORPORATING INCOME AND EXPENDITURE ACCOUNT)	FOR THE YEAR ENDED 31ST DECEMBER 2024		Unrestricted Restricted Total Total	funds funds funds funds	2024 2024 2024 2023	Note £ £ £ £	Income from:	Donations and legacies 2 259,445 358,970 618,415 1,045,337	Charitable activities 3 4,355,751 2,033 4,357,784 3,739,888		Other trading activities 4 112,081 - 112,081 59,392	Investments 5 410,938 2,434 413,372 372,233	Other income 6 38,862 - 38,862 36,465			Total income 5,177,077 363,437 5,540,514 5,253,315	Expenditure on:	Raising funds 7 - 57,858 57,858 6,357	Charitable activities 8 5,729,920 9,204 5,739,124 4,782,433			Total expenditure 5,729,920 67,062 5,796,982 4,788,790			Net (expenditure)/income before net		gains on investments (552,843) 296,375 (256,468) 464,525	Net gains on investments 15 340,761 38,442 379,203 282,063			Net (expenditure)/income (212,082) 334,817 122,735 746,588		Transfers between funds 20 113 (113) - -		Net movement in funds before other		recognised gains/(losses) (211,969) 334,704 122,735 746,588	Other recognised gains/(losses):	Losses on revaluation of fixed assets - - - (267,000)	Net movement in funds (211,969) 334,704 122,735 479,588				Reconciliation of funds:	Total funds brought forward 16,632,037 799,877 17,431,914 16,952,326	Net movement in funds (211,969) 334,704 122,735 479,588	Total funds carried forward 16,420,068 1,134,581 17,554,649 17,431,914		The Statement of Financial Activities includes all gains and losses recognised in the year.	The notes on pages form part of these financial statements. ��

SPIRITUALISTS' NATIONAL UNION	(A Company Limited by Guarantee)	NOTES TO THE FINANCIAL STATEMENTS	FOR THE YEAR ENDED 31ST DECEMBER 2024	Accounting policies	Accounting policies	1.1 Basis of preparation of financial statements	The financial statements have been prepared in accordance with the Charities SORP (FRS 102) -	preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK	applicable in the UK and Republic of Ireland (FRS 102) and the Companies Act 2006 and the	Charities and Trustee Investment (Scotland) Act 2005 and regulation 8 of the Charities Accounts (Scotland) Regulations 2006.	Charities and Trustee Investment (Scotland) Act 2005 and regulation 8 of the Charities Accounts (Scotland) Regulations 2006.	Spiritualists' National Union meets the definition of a public benefit entity under FRS 102. Assets and	liabilities are initially recognised at historical cost or transaction value unless otherwise stated in the relevant accounting policy.	The presentational and functional currency is Pound Sterling.		These financial statements fully incorporate the results of the following branches of the Spiritualists' National Union:	The Spiritualists' National Union Head Office	The Fourteen District Councils of the Spiritualists' National Union
				1.
				2023	£		391,256		287,826	77,248	(115,989)	1,366,583	(1,092,881)	522,787	914,043	806,580	1,720,623
				2024	£		(1,261,394)		307,287	106,085	(101,079)	1,539,885	(149,731)	1,702,447	441,053	1,720,623	2,161,676
SPIRITUALISTS' NATIONAL UNION	(A Company Limited by Guarantee)	STATEMENT OF CASH FLOWS	FOR THE YEAR ENDED 31ST DECEMBER 2024			Cash flows from operating activities	Net cash used in operating activities	Cash flows from investing activities	Dividends, interests and rents from investments	Interest received	Purchase of tangible fixed assets	Proceeds from sale of investments	Purchase of investments	Net cash provided by investing activities	Change in cash and cash equivalents in the year	Cash and cash equivalents at the beginning of the year	Cash and cash equivalents at the end of the year	The notes on pages form part of these financial statements ��

SPIRITUALISTS' NATIONAL UNION	(A Company Limited by Guarantee)	NOTES TO THE FINANCIAL STATEMENTS	FOR THE YEAR ENDED 31ST DECEMBER 2024	Income from donations and legacies	Unrestricted Restricted Total	funds funds funds	2024 2024 2024	£ £ £	Donations 105,660 4,550 110,210	Donations 105,660 4,550 110,210	Legacies - 250,000 250,000	Income from closed churches 104,164 - 104,164	Income from property held in suspense fund 49,621 - 49,621	Income from the Fund of Benevolence - 104,420 104,420		259,445 358,970 618,415			The income for the Fund of Benevolence is being shown as a consequence of consolidating the Fund of	The income for the Fund of Benevolence is being shown as a consequence of consolidating the Fund of	Benevolence accounts into the Spiritualists' National Union financial statements.	Benevolence accounts into the Spiritualists' National Union financial statements.	Unrestricted Restricted Total	funds funds funds	2023 2023 2023	£ £ £	Donations 54,927 60 54,987	Income from closed churches 953,050 - 953,050	Income from property held in suspense fund 37,300 - 37,300			1,045,277 60 1,045,337		Income from charitable activities	Unrestricted Restricted Total	funds funds funds	2024 2024 2024	£ £ £	Affiliation Income 57,148 - 57,148	Visitor Fees 3,912,500 1,345 3,913,845	Healing 40,576 688 41,264	Course notes and publications 272,894 - 272,894	Other rental income 72,633 - 72,633	4,355,751 2,033 4,357,784
				2.																														3.
SPIRITUALISTS' NATIONAL UNION	(A Company Limited by Guarantee)	NOTES TO THE FINANCIAL STATEMENTS	FOR THE YEAR ENDED 31ST DECEMBER 2024	Accounting policies (continued)	1.20 Operating leases	Rentals paid under operating leases are charged to the Statement of Financial Activities on a straight-line basis over the lease term.			1.21 Pensions		The Charity operates a defined contribution pension scheme and the pension charge represents the	amounts payable by the Charity to the fund in respect of the year.	1.22 Fund accounting		General funds are unrestricted funds which are available for use at the discretion of the Trustees in	furtherance of the general objectives of the Charity and which have not been designated for other	purposes.		Designated funds comprise unrestricted funds that have been set aside by the Trustees for particular	purposes. The aim and use of each designated fund is set out in the notes to the financial		statements.	Restricted funds are funds which are to be used in accordance with specific restrictions imposed by	donors or which have been raised by the Charity for particular purposes. The costs of raising and	administering such funds are charged against the specific fund. The aim and use of each restricted	fund is set out in the notes to the financial statements.	Investment income, gains and losses are allocated to the appropriate fund.		1.23 Volunteers	The value of the services provided by volunteers is not incorporated into these financial statements as it would be difficult to quantify. Further details are provided in the Trustee’s Report.

					Total	funds	2024	£	230,982	82,617	99,773		413,372	Total	funds	2023	£	213,870	81,115	77,248		372,233					Total	funds	2024	£	38,862				Total	funds	2023	£		36,465
					Restricted	funds	2024	£	-	-	2,434		2,434	Restricted	funds	2023	£	-	-	2,718		2,718					Unrestricted	funds	2024	£	38,862				Restricted	funds	2023	£		8
SPIRITUALISTS' NATIONAL UNION	(A Company Limited by Guarantee)	NOTES TO THE FINANCIAL STATEMENTS	FOR THE YEAR ENDED 31ST DECEMBER 2024	Investment income	Unrestricted	funds	2024	£	Listed investment income 230,982	Investment property rents 82,617	Bank interest received 97,339		410,938	Unrestricted	funds	2023	£	Listed investment income 213,870	Investment property rents 81,115	Bank interest received 74,530		369,515			Other incoming resources						Miscellaneous Income				Unrestricted	funds	2023	£		Miscellaneous Income 36,457
				5.																					6.
					Total	funds	2023	£	61,629	3,295,607	38,711	256,479	87,462	3,739,888						Total funds	2024	£	5,843	18,375		73,499	14,364		112,081		Total	funds	2023	£			6,584	7,229	37,006	8,573	59,392
					Restricted	funds	2023	£	-	2,277	170	-	-	2,447						Unrestricted funds	2024	£	5,843	18,375		73,499	14,364		112,081		Unrestricted	funds	2023	£			6,584	7,229	37,006	8,573	59,392
SPIRITUALISTS' NATIONAL UNION	(A Company Limited by Guarantee)	NOTES TO THE FINANCIAL STATEMENTS	FOR THE YEAR ENDED 31ST DECEMBER 2024	Income from charitable activities (continued)	Unrestricted	funds	2023	£	Affiliation Income 61,629	Visitor Fees 3,293,330	Healing 38,541	Course notes and publications 256,479	Other rental income 87,462	3,737,441		Income from other trading activities							Fundraising events	Other rental income		Membership subscriptions	Commissions										Fundraising events	Other rental income	Membership subscriptions	Commissions

SPIRITUALISTS' NATIONAL UNION	(A Company Limited by Guarantee)	NOTES TO THE FINANCIAL STATEMENTS	FOR THE YEAR ENDED 31ST DECEMBER 2024		Analysis of expenditure by activities		directly 2024 costs 2024 funds 2024	directly 2024 costs 2024 funds 2024	£ £ £		Educational programme 3,584,742 939,518 4,524,260 Publications 129,766 79,866 209,632	Educational programme 3,584,742 939,518 4,524,260 Publications 129,766 79,866 209,632		4,535,165 1,203,959 5,739,124				Activities	undertaken Support Total	directly 2023 costs 2023 funds 2023		Publications 143,085 71,589 214,674		3,708,521 1,073,912 4,782,433	In 2024 the expenditure on charitable activities was £5,739,124 (2023: £4,782,433) of which	£5,729,920 (2023: £4,780,240) was expenditure from unrestricted funds and £9,204 (2023: £2,193) was expenditure from restricted funds. Included in the total of restricted expenditure is £1,420 which	£5,729,920 (2023: £4,780,240) was expenditure from unrestricted funds and £9,204 (2023: £2,193) was expenditure from restricted funds. Included in the total of restricted expenditure is £1,420 which	relates to the Fund of Benevolence.
					8.
							Restricted Total	funds funds	2024 2024	£ £	55,448 55,448	352 352	14 14	731 731	163 163	331 331	473 473	32 32	177 177	137 137	57,858 57,858	Restricted Total	funds funds	2023 2023 £ £	4,236 4,236	243 243		777 777	129 129	268 268	481 481	30 30	105 105	88 88	6,357 6,357
SPIRITUALISTS' NATIONAL UNION	(A Company Limited by Guarantee)	NOTES TO THE FINANCIAL STATEMENTS	FOR THE YEAR ENDED 31ST DECEMBER 2024	Expenditure on raising funds		Costs of raising voluntary income					Direct	Finance and legal	Human resources	Staff costs	Information technology	Premises	General office expenses	Committee expenses	Other	Governance					Direct	Finance and legal	Human resources		Information technology	Premises	General office expenses	Committee expenses	Other	Governance

								2023	£		103,151	27,330	27,483		157,964				2023	£	1,772,780 152,527	34,376		1,959,683				2023 No.	12	61	73	73		2023	No.	10	48		58
SPIRITUALISTS' NATIONAL UNION	(A Company Limited by Guarantee)	NOTES TO THE FINANCIAL STATEMENTS	FOR THE YEAR ENDED 31ST DECEMBER 2024		Net expenditure/income	Net expenditure/income is stated after charging:		2024	£		Depreciation 113,992	Auditors' remuneration 29,950	Operating lease rentals 27,093		171,035			Staff costs	2024	£	Wages and salaries 1,936,496 Social security costs 161,887	Contribution to defined contribution pension schemes 34,298		2,132,681		The average number of persons employed by the Charity during the year was as follows:		2024 No.	Administration 13	Educational programme 66	79		The average headcount expressed as full-time equivalents was:	2024	No.	Administration 7	Educational programme 33		40
					10.													11.
SPIRITUALISTS' NATIONAL UNION	(A Company Limited by Guarantee)	NOTES TO THE FINANCIAL STATEMENTS	FOR THE YEAR ENDED 31ST DECEMBER 2024	Analysis of support costs		Educational Total	Affiliation programme Publications funds	2024 2024 2024 2024	£ £ £ £	Finance and legal 26,948 137,171 11,661 175,780	Human resources 57,053 290,407 24,685 372,145	Information technology 12,475 63,501 5,398 81,374	Premises 25,320 128,886 10,956 165,162	General office expenses 36,208 184,303 15,668 236,179	Committee expenses 2,482 12,633 1,074 16,189	Other 13,571 69,078 5,872 88,521	Governance 10,518 53,539 4,552 68,609		184,575 939,518 79,866 1,203,959		Affiliation Educational programme Publications Total funds	2023 2023 2023 2023	£ £ £ £	Finance and legal 18,826 95,230 8,146 122,202	Human resources 60,315 305,109 26,100 391,524	Information technology 10,036 50,768 4,343 65,147	Premises 20,760 105,016 8,983 134,759	General office expenses 37,356 188,970 16,165 242,491 Committee expenses 2,293 11,600 992 14,885	Other 8,174 41,351 3,537 53,062	Governance 7,678 38,841 3,323 49,842		165,438 836,885 71,589 1,073,912	All support costs are allocated to charitable activites and fundraising costs based upon the proportion of	time spent on each activity.		Auditors' remuneration	2024 2023	£ £ Fees payable to the Charity's auditor in respect of:		Audit services 26,055 23,765	Accountancy 3,895 3,565

						Total	£			6,558,076	101,079	(8,675)		6,650,480		1,596,210	113,992	(8,361)		1,701,841			4,948,639	4,961,866
					Fixtures and	fittings	£			645,160	47,273	(8,675)		683,758		598,903	26,909	(8,361)		617,451			66,307	46,257
SPIRITUALISTS' NATIONAL UNION	(A Company Limited by Guarantee)	NOTES TO THE FINANCIAL STATEMENTS	FOR THE YEAR ENDED 31ST DECEMBER 2024		Freehold	property	£			5,912,916	53,806	-		5,966,722		997,307	87,083	-		1,084,390			4,882,332	4,915,609
				Tangible fixed assets					Cost or valuation	At 1 January 2024	Additions	Disposals		At 31st December 2024	Depreciation	At 1 January 2024	Charge for the year	On disposals		At 31st December 2024	Net book value		At 31st December 2024	At 31st December 2023
				13.
SPIRITUALISTS' NATIONAL UNION	(A Company Limited by Guarantee)	NOTES TO THE FINANCIAL STATEMENTS	FOR THE YEAR ENDED 31ST DECEMBER 2024	Staff costs (continued)	No employee received remuneration amounting to more than £60,000 in either year.			The charity considers its key management personnel to comprise the Trustees and the senior	management team.	The total employee benefits of 6 key management personnel (2023: 6 key management personnel) were	£256,058 (2023: £300,362). Included within total key personnel remuneration is employers national	insurance of £23,031 (2023: £30,332) and employers pension of £4,302 (2023: £4,738).	The number of key management personnel has stayed consistent with the prior year, with one member of	KMP leaving and another member of staff joining KMP to replace the role.	Trustees' remuneration and expenses	During the year, one or more Trustees has been paid remuneration or has received other benefits from	an employment with the Charity.The value of Trustees' remuneration and other benefits was as follows:	2024 2023	£ £	J Wright Remuneration 50,000 50,000	During the year ended 31st December 2024, expenses totalling £22,159 were reimbursed or paid directly	to 10 Trustees (2023 - £15,462 to 9 Trustees). These related to travel and subsistence for attendance at	Trustee meetings.

SPIRITUALISTS' NATIONAL UNION	(A Company Limited by Guarantee)	NOTES TO THE FINANCIAL STATEMENTS	FOR THE YEAR ENDED 31ST DECEMBER 2024	Listed	investments	£	Cost or valuation	At 1 January 2023 8,235,562	Additions 1,141,429	Disposals (1,123,540)	Gain on investment 282,063 Cash movement 48,548	Gain on investment 282,063 Cash movement 48,548	Gain on investment 282,063 Cash movement 48,548	At 31 December 2023 8,584,062	At 31 December 2023 8,584,062	At 31 December 2023 8,584,062				All investments are carried at their fair value. Investments in equities and fixed interest securities are all	traded in quoted public markets, primarily the London Stock Exchange. The basis of fair value for quoted	traded in quoted public markets, primarily the London Stock Exchange. The basis of fair value for quoted	investments is equivalent to the market value, using the bid price. Investment sales and purchases are	investments is equivalent to the market value, using the bid price. Investment sales and purchases are	recognised at the date of trade cost (that is their transaction value).	recognised at the date of trade cost (that is their transaction value).	All investments were received either as a bequest to the union or transferred on closure.		Investments are allotted to each range as follows:	2024 2023	£ £	Fixed interest 1,701,159 1,742,514	Equities 3,612,519 3,179,553	Cash deposits 603,816 1,938,485	Cash deposits 603,816 1,938,485	Other 1,655,617 1,725,510	7,573,111 8,586,062			The investments at cost for 2024 was £6,331,804 (2023: £6,322,388).		Stocks		2024 2023 £ £	Closing Stock 59,266 56,620			Closing stock represents stock for education activities (including college catering) of £42,734 (2023:	Closing stock represents stock for education activities (including college catering) of £42,734 (2023:	Closing stock represents stock for education activities (including college catering) of £42,734 (2023:	£37,750) and stock in relation to affiliation activities of £16,532 (2023: £18,870).
																																										16.
SPIRITUALISTS' NATIONAL UNION	(A Company Limited by Guarantee)	NOTES TO THE FINANCIAL STATEMENTS	FOR THE YEAR ENDED 31ST DECEMBER 2024		Investment property		Freehold	investment property	£	Valuation		At 1 January 2024 3,018,000	Revaluation 26,818			At 31st December 2024 3,044,818				The investment properties at Mountfield Road and Stanhope Avenue were valued internally by carrying		out an online desktop valuation. The valuation utilised land registry information alongside previous sales		data in line with each properties characteristics.The original cost of these properties was £NIL as the		properties were bequeathed to the charity.	The value of the Bristol Belmont property value was considered by Trustees to be the same as the	previous year at a value of £800,000. This is a rental property which has been donated to the Closed	Churches Suspense Fund, which is a designated fund.	The latest professional valuation for Bristol Belmont took place in 2021, where the properties were valued at £800,000. All other investment properties were professionally valued within the year from £2,218,000 to £2,244,818 and showed a revaluation movement of £26,818.		All investment properties are held in the UK.			Fixed asset investments		Listed investments	£		Cost or valuation	At 1 January 2024 8,511,394	Additions 149,731	Disposals (668,244)	Gain on investments 379,203	Cash movement (798,973) At 31 December 2024 7,573,111

SPIRITUALISTS' NATIONAL UNION	(A Company Limited by Guarantee)	NOTES TO THE FINANCIAL STATEMENTS	FOR THE YEAR ENDED 31ST DECEMBER 2024	2024 2023	£ £	Deferred Income	Deferred income at 1 January 2024 482,615 171,398	Resources deferred during the year 487,144 482,615	Amounts released from previous periods (482,615) (171,398)			487,144 482,615				Deferred income mainly relates to fees for courses at the Arthur Findlay College which are received in advance from students for courses taking place in the next year. In addition £29,204 relates to Individual membership and SNUi subscriptions paid during in accounting period but which relate to the following	Deferred income mainly relates to fees for courses at the Arthur Findlay College which are received in advance from students for courses taking place in the next year. In addition £29,204 relates to Individual membership and SNUi subscriptions paid during in accounting period but which relate to the following	Deferred income mainly relates to fees for courses at the Arthur Findlay College which are received in advance from students for courses taking place in the next year. In addition £29,204 relates to Individual membership and SNUi subscriptions paid during in accounting period but which relate to the following	Deferred income mainly relates to fees for courses at the Arthur Findlay College which are received in advance from students for courses taking place in the next year. In addition £29,204 relates to Individual membership and SNUi subscriptions paid during in accounting period but which relate to the following	Deferred income mainly relates to fees for courses at the Arthur Findlay College which are received in advance from students for courses taking place in the next year. In addition £29,204 relates to Individual membership and SNUi subscriptions paid during in accounting period but which relate to the following	year (2023: £44,821).
SPIRITUALISTS' NATIONAL UNION	(A Company Limited by Guarantee)	NOTES TO THE FINANCIAL STATEMENTS	FOR THE YEAR ENDED 31ST DECEMBER 2024		Debtors		2024 2023	£ £	Due within one year	Trade debtors 11,796 17,291		Other debtors 391,728 95,965	Prepayments and accrued income 50,756 50,638					454,280 163,894			Included within other debtors are concessionary loans made to member churches in furtherance of the	SNU’s charitable objectives. Movement on the loans during the year was as follows:	2024 2023	£ £	As at 31 January 81,805 48,092	New loans 66,485 53,830	Loan repayments (15,716) (20,117)	As at 31 December 132,574 81,805		Current asset investments	2024 2023	£ £	Short term deposit accounts 412,872 683,992		Creditors: Amounts falling due within one year	2024 2023	£ £	Trade creditors 108,708 86,023	Other taxation and social security 25,790 43,000	Other creditors 25,432 23,622	Contract Liability - 352,423	Accruals and deferred income 527,211 568,083	687,141 1,073,151
					17.																									18.					19.

					Balance at	31st	December	2024	£					679,012		4,603	57,898	-	13,570	2,089		400		-	29,988		17,033	14,012	6,290	-			889		794	100		201,030	106,873		1,134,581		17,554,649	17,554,649
							Gains/	(Losses)	£					38,256		186	-	-	-	-		-		-	-		-	-	-	-			-		-	-		-	-		38,442		379,203

SPIRITUALISTS' NATIONAL UNION	(A Company Limited by Guarantee)	NOTES TO THE FINANCIAL STATEMENTS	FOR THE YEAR ENDED 31ST DECEMBER 2024	Statement of funds (continued)		Balance at	1st January Transfers	2024 Income Expenditure in/out	£ £ £ £	Restricted funds		The Foundation		Fund 644,031 187 (3,462) -	The Gladys	Mallaburn Trust 4,417 - - -	The SNU Healing 56,162 1,736 - -	Halifax St. Paul's 10,149 363 (10,512) -	The SNU Prize 14,002 346 (778) -	Spirit of Youth 2,089 - - -	The Glynn Edwards	Memorial 400 - - -	AFC - Furniture and	Paintings 155 - (155) -	The Healing Fund 30,276 688 (976) -	The Brooks	Education 16,073 1,293 (333) -	Bursary funds 13,786 226 - -	Other restricted 6,467 51 (228) - The Equipment Fund 113 - - (113)		The District Council	Fund of	Benevolence 863 254 (228) -	The District Council	Foundation 794 - - -	Healing Bursary 100 - - -	SNU Head Office -	Bequest - 250,000 (48,970) -	Fund of Benevolence - 108,293 (1,420) -		799,877 363,437 (67,062) (113)		Total of funds 17,431,914 5,540,514 (5,796,982) -
				20.
							Balance at	31st	December	2024	£					4,948,639		4,758,792	12,313	-		5,515		15,466		220,000		3,154	260,313	26,975		5,032	17,442		10,273,641				3,059,253	173,197	2,913,977	6,146,427			16,420,068
									Gains/	(Losses)	£					-		224,141	-	-		-		-		-		-	20,662	-		-	-		244,803				95,958	-	-	95,958			340,761
SPIRITUALISTS' NATIONAL UNION	(A Company Limited by Guarantee)	NOTES TO THE FINANCIAL STATEMENTS	FOR THE YEAR ENDED 31ST DECEMBER 2024	Statement of funds	Statement of funds - current year			Balance at	1st January Transfers	2024 Income Expenditure in/out	£ £ £ £		Unrestricted funds		Designated funds	Fixed asset fund 4,949,028 - - (389)	The Suspense	Investment Account 5,346,867 190,187 (840,795) (161,608)	Tree Garden Fund 12,447 2,872 (3,006) -	Horse Fund 1,473 - (1,473) -	Science Equipment	Fund 8,499 - (792) (2,192)	The AFC Foundation	Fund 15,466 - - -	Land Adjacent to	Stansted Hall 220,000 - - -	The AFC Tutor	Training 3,154 - - -	Spiritualists' Lyceum Union 231,658 9,656 (1,663) -	Window restoration 26,975 - - -	AFC Building	restoration 7,020 25,157 (27,145) -	Presidents fund 6,485 9,296 (2,939) 4,600		10,829,072 237,168 (877,813) (159,589)			General funds	General funds 2,715,791 4,939,909 (4,852,107) 159,702	Capital Reserve 173,197 - - -	Revaluation reserve 2,913,977 - - -	5,802,965 4,939,909 (4,852,107) 159,702		Total Unrestricted	funds 16,632,037 5,177,077 (5,729,920) 113

SPIRITUALISTS' NATIONAL UNION	(A Company Limited by Guarantee)	NOTES TO THE FINANCIAL STATEMENTS	FOR THE YEAR ENDED 31ST DECEMBER 2024	20. Statement of funds (continued)	Statement of funds - prior year (continued)	Balance at	Balance at 31st	1st January Transfers Gains/ December	2023 Income Expenditure in/out (Losses) 2023	£ £ £ £ £ £	Total	Total	funds 16,188,220 5,248,082 (4,780,240) 2,393 (26,418) 16,632,037		Restricted funds		The Foundation	Fund 603,357 103 (3,160) - 43,731 644,031	The Gladys	Mallaburn Trust 6,667 - - - (2,250) 4,417	The SNU Healing 3,239 44 - - - 3,283	Halifax St. Paul's 4,993 68 - - - 5,061	The SNU Prize 339 5 - - - 344	Spirit of Youth 53,820 2,342 - - - 56,162	The Glynn Edwards Memorial 10,149 - - - - 10,149	The Glynn Edwards Memorial 10,149 - - - - 10,149	AFC - Furniture and	Paintings 14,334 193 (525) - - 14,002	The Healing Fund 2,089 - - - - 2,089 The Brooks	Education 2,575 - - - - 2,575	Bursary funds 2,523 - - - - 2,523	Other restricted 400 - - - - 400	The Equipment Fund 155 - - - - 155	Fund of Benevolence 9,752 - (285) (3,000) - 6,467	Healing Bursary 16,587 2,247 (2,761) - - 16,073	SNU Head Office -	Bequest 940 31 (108) - - 863	Fund of	Benevolence 794 - - - - 794	Healing Bursary 100 - - - - 100
						Balance at	31st	December	2023	£					4,949,028			5,346,867	12,447	1,473		8,499		15,466		220,000		3,154	231,658		26,975	7,020	6,485	10,829,072		2,715,791	173,197		2,913,977	5,802,965
								Gains/	(Losses)	£					-			136,867	-	-		-		-		-		-	13,355		-	-	-	150,222		90,360	-		(267,000)	(176,640)

SPIRITUALISTS' NATIONAL UNION	(A Company Limited by Guarantee)	NOTES TO THE FINANCIAL STATEMENTS	FOR THE YEAR ENDED 31ST DECEMBER 2024	Statement of funds (continued)	Statement of funds - prior year		Balance at	1st January Transfers	2023 Income Expenditure in/out	£ £ £ £	Unrestricted	funds	Designated	funds	Fixed asset fund 4,949,028 - - -	The Suspense	Investment	Account 4,693,576 1,019,475 (326,414) (176,637)	Tree Garden Fund 13,786 2,424 (3,763) -	Horse Fund 1,165 308 - -	Science	Equipment Fund 8,499 - - -	The AFC	Foundation Fund 15,466 - - -	Land Adjacent to	Stansted Hall 220,000 - - -	The AFC Tutor	Training 3,154 - - -	Spiritualists' Lyceum Union 211,569 9,308 (2,574) -	Window	restoration 26,975 - - - AFC Building restoration - 7,020 - -		Presidents fund - 6,485 - -	10,143,218 1,045,020 (332,751) (176,637)	General funds	General funds 2,690,828 4,203,062 (4,447,489) 179,030	Capital Reserve 173,197 - - -	Revaluation	reserve 3,180,977 - - -	6,045,002 4,203,062 (4,447,489) 179,030

|SPIRITUALISTS' NATIONAL UNION|(A Company Limited by Guarantee)|NOTES TO THE FINANCIAL STATEMENTS|FOR THE YEAR ENDED 31ST DECEMBER 2024|Statement of funds (continued)|UNRESTRICTED FUNDS|General Funds
The General Fund is the primary fund used to record all resource inflows and outflows that are not|General Funds
The General Fund is the primary fund used to record all resource inflows and outflows that are not|General Funds
The General Fund is the primary fund used to record all resource inflows and outflows that are not|associated with any other designated or restricted funds. The activities being paid for through the general|fund constitute the core administrative and operational tasks of the charity.|Revaluation Reserve|The Revaluation Reserve is a non-cash reserve and as such cannot be used to provide services. It|contains unrealised gains arising from increases in the value of the SNU’s property assets. The balance|is reduced when such assets are:|• Revalued downwards or impaired and the gains are lost.|• Used in the provision of services and the gains are consumed through depreciation.|• Used in the provision of services and the gains are consumed through depreciation.|• Disposed of and the gains are realised.|DESIGNATED FUNDS|Designated funds are those where the SNU have set aside specific amounts as reserves for future policy|purposes, or to cover contingencies. These reserves are created by either appropriating amounts out of|the General Reserve, or by adherence to restrictions laid out in the governing documents of the charity.|When expenditure, to be financed from a reserve, is incurred it is charged to the appropriate cost centre|within the Income and Expenditure account. The reserve is then appropriated back into the General Fund|balance.|The Fixed Asset Fund|The fixed asset fund represents the net book value of fixed assets on the balance sheet. Fixed Assets|include all land and buildings in addition to all fixtures, fittings and equipment held by the Union.|The Closed Churches Suspense Fund|The funds from the sale of churches which have closed, and where the SNU was sole trustee and certain|other funds are allocated to the Suspense Investment Account. New churches or existing churches within|a set mileage of the closed church, can apply to utilise the funds in the form of a grant. If the funds are|not utilised within six years, they are transferred to the aged suspense|Land adjacent to Stansted Hall|Land partly financed by a donation from the J V Trust. Should the land be sold, the charity may be liable|Land partly financed by a donation from the J V Trust. Should the land be sold, the charity may be liable|to repay the donation and has made a provision of £220,000.|The Spiritualists’ Lyceum Union|The Lyceum Union pre-dates the formation of the Spiritualists’ National Union and was incorporated into|the Union as a branch in 1956. It holds its own funds which are reflected in the main Union accounts, and|these are to be applied for the purposes of promoting the aims and objectives and work of the Lyceum|Window Restoration Fund|Donation made to fund the installation and maintenance of windows within the Arthur Findlay College.|Tree and Garden Fund|Fund used to plant, replace and maintain trees and the grounds of the Arthur Findlay College.|Fund used to plant, replace and maintain trees and the grounds of the Arthur Findlay College.|Fund used to plant, replace and maintain trees and the grounds of the Arthur Findlay College.|The Arthur Findlay College Foundation Fund|This fund was created at the Annual General Meeting in 2000. Its purpose is:|•
to provide financial support for the college, as appropriate|•
to be collateral for a loan for the college|The funds are invested, and any interest is applied to the cost centre where all college income and|expenditure are collated|Spiritualists’ National Union | Trustees Annual Report 2024| |---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---| |||||20.||||||||||||||||||||||||||||||||||||||||||||||||||| |||||||17,431,914||||||||||||||||||||||||||||||||||||||||||||||||| |||||||15,063||||||||||||||||||||||||||||||||||||||||||||||||| |||||||||||||||||||||||||||||||||||||||||||||||||||||||| |SPIRITUALISTS' NATIONAL UNION|(A Company Limited by Guarantee)|NOTES TO THE FINANCIAL STATEMENTS|FOR THE YEAR ENDED 31ST DECEMBER 2024|Statement of funds (continued)||Total of funds
16,952,326
5,253,315
(4,788,790)
-||||||||||||||||||||||||||||||||||||||||||||||||Spiritualists’ National Union | Trustees Annual Report 2024|

				Total	funds	2023	£	7,967,028	8,923,332	580,603			17,470,963				2023	£	746,588			103,151	(77,248)	(282,063)	(287,826)	-	10,896	(17,824)	195,582	-		391,256					2023 £	1,036,631	683,992	1,720,623
SPIRITUALISTS' NATIONAL UNION	(A Company Limited by Guarantee)	NOTES TO THE FINANCIAL STATEMENTS	FOR THE YEAR ENDED 31ST DECEMBER 2024	Unrestricted Restricted Designated	funds funds funds	2023 2023 2023	£ £ £	Tangible fixed assets 3,018,000 - 4,949,028	Investments 2,290,160 706,107 5,927,065	Net current assets/(liabilities) 536,929 93,770 (50,096)			5,845,089 799,877 10,825,997		Reconciliation of net movement in funds to net cash flow from operating activities		2024	£	Net income for the period (as per Statement of Financial Activities) 122,735		Adjustments for:	Depreciation charges 113,992	Interest received (106,085)	Loss/(Gain) on investments (379,203)	Dividends, interests and rents from investments (307,287)	Loss on disposal of fixed assets 314	Decrease/(increase) in stocks (2,646)	Increase in debtors (290,386)	Increase/(decrease) in creditors (386,010)	Loss/(Gain) on investment property (26,818)		Net cash provided by/(used in) operating activities (1,261,394)				Analysis of cash and cash equivalents	2024 £	Cash in hand 1,748,804	Short term cash investments 412,872	Total cash and cash equivalents 2,161,676
															23.																					24.
SPIRITUALISTS' NATIONAL UNION	(A Company Limited by Guarantee)	NOTES TO THE FINANCIAL STATEMENTS	FOR THE YEAR ENDED 31ST DECEMBER 2024	Statement of funds (continued)		The Glynn Edwards Memorial Fund		AFC Furniture & Paintings Restoration The fund is used to assist with the costs of maintaining and restoring furniture and paintings within the Arthur Findlay College.			The Fund of Benevolence	The fund was established to provide support and assistance for Spiritualists who find themselves in need.		The Restricted Funds of the Union's 14 District Councils:	The Healing Fund	Healing Funds are held at District Council level to fund the assessment and training of healers to	approved status and to ensure that assessors are trained to a level sufficient to conduct the necessary	assessments at both district and national levels.		Linked Charity	The Fund of Benevolence (FOB) is a linked charity that in previous years has been inserted into the end of	the SNU financial statements. This year it has been discussed with the Trustees and agreed that the	funds in relation to the FOB are to be disclosed within these financial statements with clear identification on the impact they have on the final SNU results.		Within the year, The FOB has had income received of £108,293, of which £104,420 was included in the	opening balance. The FOB had expenditure of £1,420 as highlighted within note 20 above.		Analysis of net assets between funds		Unrestricted Restricted Designated Total	funds funds funds funds	2024 2024 2024 2024	£ £ £ £	Tangible fixed assets 3,044,818 - 4,948,639 7,993,457	Investments 4,032,336 740,488 3,213,159 7,985,983	Net current assets/(liabilities) (1,114,487) 59,276 2,507,685 1,452,474	5,962,667 799,764 10,669,483 17,431,914

|SPIRITUALISTS' NATIONAL UNION|(A Company Limited by Guarantee)|NOTES TO THE FINANCIAL STATEMENTS|FOR THE YEAR ENDED 31ST DECEMBER 2024||Related party transactions|Related party transactions|In accordance with section 4(v)(vi) of the Memorandum of Association dated 19 July 2015, during the|year the following Trustees’ received fees from the charity in respect of medium fees, training fees and|sale of goods.|sale of goods.||2024
2023|£
£|J Wright
7,665
7,213
AM Bond
-
7,445|J Wright
7,665
7,213
AM Bond
-
7,445||R Cuthbert
1,427
575|A Berry
1,184
-|J Almond
-
149|M Lisseman
5,993
885|||16,269
16,267|||Minister J Wright received payments from the charity of £50,000 (2023: £50,000) for providing services in|Minister J Wright received payments from the charity of £50,000 (2023: £50,000) for providing services in|Minister J Wright received payments from the charity of £50,000 (2023: £50,000) for providing services in|line with her role as President of the Union.|Minister J Wright received £7,665 (2023: £7,213) in respect of mediums fees of £6,956 and sale of goods|of £709 (2023:£728). Medium fees of £6,956 were donated back to the Presidents Fund in Note 20.||The partner of J Underwood was reimbursed expenses in relation to mileage and subsidence totalling|£314 (2023: £194)||The partner of R Dangerfield was reimbursed expenses in relation to mileage, subsidence, accomodation
accommodation|and equipment totalling £1,014 (2023: £NIL)|and equipment totalling £1,014 (2023: £NIL)|and equipment totalling £1,014 (2023: £NIL)||There were no other related party transactions.||||||||||||||Spiritualists’ National Union | Trustees Annual Report 2024
9| |---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---| ||||||30.||||||||||||||||||||||||||||||||||||||||||||||||||| |SPIRITUALISTS' NATIONAL UNION|(A Company Limited by Guarantee)|NOTES TO THE FINANCIAL STATEMENTS|FOR THE YEAR ENDED 31ST DECEMBER 2024|Analysis of changes in net debt|||At 1st
At 31st|January
December||2024
Cash flows
2024|£
£
£|Cash at bank and in hand
1,036,631
712,173
1,748,804|Debt due within 1 year
(352,423)
352,423
-|684,208
1,064,596
1,748,804||||Capital commitments||2024
2023|£
£||Contracted for but not provided in these financial statements||Capital projects
-
8,100|||||Pension commitments||The charity operates a defined contribution pension scheme. The assets of the scheme are held|separately from those of the charity in an independently administered fund. Contributions payable by the|charity amounted to £34,316 (2023: £34,376). At the year end, contributions totalling £20,780 (2023:|£8,254) remained outstanding and are included in other creditors.|||||Operating lease commitments||At 31st December 2024 the Charity had commitments to make future minimum lease payments under|non-cancellable operating leases as follows:|2024
2023|£
£|Not later than 1 year
24,960
27,288|Later than 1 year and not later than 5 years
17,829
42,594|42,789
69,882||Members' liability|Each member of the charitable company undertakes to contribute to the assets of the company in the|event of it being wound up while he/she is a member, or within one year after he/she ceases to be a|member, such amount as may be required, not exceeding 50 pence for the debts and liabilities contracted|before he/she ceases to be a member.|iritualists’ National Union | Trustees Annual Report 2024|

Follow the SNU

Spiritualists’ National Union The Coach House, Stansted Hall, Stansted Mountfitchet, Essex CM24 8UD

01279 816363 | www.snu.org.uk | snu@snu.org.uk