THE PUFFIN TRUST FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2017
THE PUFFIN TRUST FINANCIAL STATEMENTS FOR THE Tr'E.4R ENDED 31 MARCH 2017 Page Legal and Admini5tratiYe Information Ttu$tees' Resport Report of the Independent Examiners Staterneni of Financial Activities B¥41an¢¢ sh¢¢t N¢xes io the financial statements
THE PUFFIN TRUST LEGAL AND ADMINISTRATIVE IPIFORMATIO AT 31 MARCH 2017 TRUSTEES john Mander50n Tara Hi¥¥ins Hel¢n Ri(¢ STeph¢n Onl ACCOUNTAf+Trs Baker Tilly Mooney Moore 17 Clarendon Road Clarendon Dock BELFAST BTI 3BG PRINCIPAL BANKERS Ulster Bank 9111 Church Road Holywood Co Down BT18 9BU CHARITY NUMBER 103021 Charity Commission Nl Inland Rev¢nue Charity Number XT21576 P*ge I
THE PUFFIN TRUST TRUSTEES, RESPORT FOR THE YEAR ENDED31114RCH 2017 The trusrees are pleased to present rheir report together with rhe finan¢ial statements of the charity for the Jear CTLding 31 March 2017. The tinancial staiements have been prepared in 8¢cordance with Accounling and Keponing by Chariti¢s'. Statement of Recommended Praciice applicable to chariii¢5 preparing their accounts in accoidance with the Financial Reponing Standard applicable in the L.K and the Republi¢ of Ir¢land (FRS 1021 leffecii¥e I lanuan 10151- Charities SORP (FRS 1021, the Fillancial Reporlin. Siandard applicable in Ih¢ UK and the Republic of Ireland (FRS I O?). Reference Administrative and Trustee Del8il9 This illforniation is included on page l of ihese financial 5101ements. The Puffin Trust is a ¢h&ritable ortsanisation in Northern ITeland that 15 dedicated to funding research into problems in pregnancy. Public Benefit The directors confirm thal they hae had due regard for the guidance produced on Public Benefit bj the Charity Commission for Northern Ireland ICCNII. and are pleased to r¢port that during the year ended 31 March 2017 they have continued io meel the Public Benefit requirement by the provision of programme$ and activiiies as noied in d¢tail within this trustees report Th¢ rnain activities undertaken by the charity in the year to 31 March 2017 to firther li purposes for the public benefit are.. The development and evaluation of recent changes io th¢ provision uf antertal care for wotnen with ge&tIonal diabetes mellÈtus and work on an early warning foetal motion detertion system. The ch&Tity iaise mtsney by or¥anising educational our5¢s and then use this money to fund research. Energy is fo¢us¢d obsietyician5 and rnidwive$ 10 build a culture of criiical thinking for the next generation. Financial r¢vltw Duriftg the year the charity have generated funds of £10,134 (2016.. £8.444) and have exp¢tJ5es of £7,523 (2016.. £3,633). The net surplus of £2,611 (2016.. £4.811) has been added to the unre5tri¢ted ieserves of the charity to leave a balance of £7,057 (2016.. £4,446) to ¢arry forward. fh¢r¢ w¢re no restricted funds during the year or at the year end. Trusttts, re5ponsibillties The trustees are responsible for preparing the Trust¢¢5' Report and the receipts and payments aecount and statement of &ssets and liabilities in accordance with applicable law and regulations. The trustees are responsible for keeping accounting records that are suffi¢ient to show and explain the charity's transactions and disclose with re&sonable accuracy at any time the asset5 and liabiliti¢s of th¢ ¢harity. They are also r¢sponsible for saf¢guarding the ass¢t9 of the ¢harity and hen¢e for taking regsonable step5 for the preveniion and detection of fraud and other irregularities. Approved by the tru5t¢¢s and sigtKd on their behalf by: Drsong Page 2
THF. PUFFIN TRUST REPORT OF THE II)DEPEP4DENT EXA,MINER TO THE TRLSTEES OF THE PLFFIY TRL'ST We have review¢d the financial slatements for the year ended J l Match 2017 on pages four to s¢ven. R¢5p¢r¢ive responsibilities of ¢hgrity trustee5 and examiner As Ihe charity s trusiees. you aTe responsible for ihe prip8raiion of lh¢ a¢¢ounts in accordance with the Charilies Act (Nonhern ITelandl 2008. IT is our responsibility lo.. eKamine the accounts under section 65 of the Chariii¢5 Aci follow the procedures laid down in lhe general direciions given bj the Commission under section 65(91{b) of the Chariiies Act giaie whether particular mallers have come to our atieniion. Basis of independeTr¢ examlner's report We have examined your charity accounis as required under Section 65 of ihe Charities Act and our examinaiion was carried oul in ac¢oidance with the general Direciions given by the Charity CoTnmi$sion for North¢rn Ir¢land under section 65191{b) of the Charities Act. Our exatninatitsn included a Tevi¢w of the accounting records kept by ihe charity and a compari50n of the acllnts presented wilh rhose T¢COTds. It also included consideration of any unusual items or disclosures in the accounts, and seeking explanalions from you as charity tTUStee5 Concerning any such matteTS. Our role 15 to stats whether any mat¢rial MterS have come to OUT atteniion giving us cause to believe.. l. That accouniing records were not kept in accordance with section 63 of the Charifies Act 2. That the accounts do no¢ ac¢ord with those accounting records 3. That the counts do not comply with ihe ac¢ounting requiremenis of the Charilies Act 4. That theTe is funher information ne¢ded for a proper underst8nding of the accounts io be reach¢d. Independent examiner'5 5t8¢em¢nt We have completed OUT eKaTnination and have no concerns in respect of the matters (l) to141 listed above and, in connection with following the Directions of the Charity Cornmission for Northern Ireland. w¢ have found no matters that requir¢ dTawing to your att¢ntion. B&k¢r Tilly Mooney Moore Chartered Certifi¢d Accountat 17 Clarendon Road Clarendon Dock Belft BTI 3BG Page 3
THE PUFFIIN TRUST STATEMENT OF FINANCIAL ACTIVITIES FOR THE YEAR ENDED JI VIARCH .01" Lnre5trieted Restricted Total Fund5 Fund$ Fund5 2017 2016 Note$ Income from: Oih¥r irading aclivilies.. In¢otne from ¢veAts 4.239 4239 1,31? 7.132 Incorne from course$ 5.895 5,895 Total in¢ome ID,134 10,134 ,444 Expenditure on: Raising funds CharÉtsble activities 3,715 3,715 3.361 3,808 3,715 272 Total expedI¢ure 7O23 23 3,633 Net income and expenditure 2,611 2,611 4,811 N¢t movement in funds 2.611 2,611 4.811 ReconciliAtlon of funds: Total fund5 brought forward 4,446 4,446 (365) Total funds c8rried forward 7,057 2,611 4,446 Th¢ notes form pgrt of these fin8nelal statements Page 4
THE PUFFIN TRUST BALANCE SH F.F.T AS ATJI MARCH ?017 Notes 2017 2016 Cash at bank and in hand 7,934 7,934 4,945 4,945 CREDITORS 877 499 NET CURRENT ASSETS{LIABILITIES) 7,057 4,446 TOTAL ASSETS LESS CLIRRENT LIABILITIES 7.1157 4,446 NET ASSETS 7.057 4,446 FUP4DS Unrestricted Funds 7,057 4,446 Restricted Funds TOTAL FUNDS 7,057 4,446 The financial $tat¢ments were authorised for i$8ue by ihe trust and signed on their bchalf by.. Dr S Orlg The notes form prt of these finandal $tsternents Page 5
THE PLFFIN TRUST OTES TO THE FINANCI.4L STATEMEIYTS FOR THE YEAR ENDED31" MARCH 2017 ST.4TElI IF.YI T OF ACCOUNTING POLICIES The Iinancial statements of this publi¢ benefit entitj hav¢ been prepar¢d in accordan¢¢ W'ith Accounting and Reporting by Charities.. Statement of Recotnmended Pra¢iic¢ applicable io charities preparing their accounrs in accordance with the Financial Reporting Standard applicable in the L'K and the Republie of Ireland (FRS l O?) leffeciive l January 2015) - (Charities SORP IFRS 1021, the F"inancial Reporting Standard applicable in IhL' LK and the Republic of Ireland (FRS 102). The following is a surnrnary of the significant accouDlinE polici¢5 adopted by the charitable company ln the preparaiion of the financi81 siatements. Income All incoming re50UTces are in¢luded in ihe siatement of financial acTlVlties when the charity is entitled to the income and th¢ amount can be quantified wilh reasonabl¢ accuracy. The following spe¢ifi¢ policies are appli¢d to particulaT categoTies of income.. In¢om¢ from events and COUTS¢S are recogni5ed when the event Or course has been delivered and the ¢hariry become5 unconditionally entitled to th¢ income. Expenditure All expenditure is a¢count¢d for on an accrua15 basis and has been classified under headings that aggregate all osts related io the calegory. Expendirure on rnising fvnds are thos¢ costs incurred in attracting voluntary income, and those incurred in trading aciivities that raise funds. ExpendiDJre on charitable expenditure comprises the costs of providing suppon to research bodies io further the charitable purpose. Together with support cosis incurred centrally and govemance ¢osts associated with the governance arrangements olthe charity and are primarily associated with constitutional and s¢atutory requirement5. The charity's expenditure on governance costs ensures ih&i ih¢ organisation compli¢5 Wlth legislaiion and be51 practice. Tgxation There is no liability to laxation du¢ to the society's charitable status. Fllnd Accountlng The company has various types of funds for which it is r¢sponsible and which require separate disc10511re. These are #s follows.. {1) Restrlcled Funds Donations receiv¢d which are designated by the donor for speeific purposes. Su¢h purposes are within the overall airns of the organisation. (11> UDr¢striet¢d Funds Funds which are exp¢ndabl¢ at the discretion of the trust in furtherance of the objects of the trusL Page 6
THE PLFFIN TRUST I OTES TO THE FIiYAliCIAL STATEIIEII TS FOR THE YEARENDED31 MARCH •017 EXPENDITURE L'nre5tricted Funds Re5trlettd Fund$ Total Funds 2017 2016 Costs of raising lunds Catering cosis Lecturer ftes and expen5¢S Course organisaiion and assistance Stationery 456 2,542 25 407 456 2.S42 2511 467 479 1,706 280 896 3,71S 3.715 3.361 Cost of charitable aetivitieS fjrant- Queen's UniveTsity Grant- Ulster University Grant- Materniry Trust Fund Secretarial support Accountartts Batth fees Professional fees 800 1,000 Isoo 60 360 88 800 1.000 1.5110 60 360 88 65 132 75 3808 3008 272 J. CREDITORS AMOUNfs DUE WITHIN ONE YEAR 2017 2016 Accrua]s 877 499 Page 7