THE PUFFIN TRUST FINANCIAL STA TEMENTS FOR THE YEAR ENDED 31 MARCH 2018
THE PUFFIN TRUST FINANCIAL STATEME roR TIIE YEAR EN'DF.D 31 MARCH 2018 Pate St4teJnent ofFiDaDciwI Adivi¢i¢s Nole5 to the f2nanGkal statements
THE PIIFFIN TRUST LEGAL AND ADMINISTRATIVE INFORMATION AT31 lARCH 2018 TRuE£s M3 Tarn Hr88inS M8 Ric¢ Dr St¢ph¢rt OD8 AcfouNTANTS Baker Tillymooney Moore 17 Cl•reDdon lioad ClareDdoD Dock BELFAST BTI 3BG 911 I Church Road Holywood Co DOWA BT18 9BU 103021 Clwrity COJnthi58ion Nl land Rev6nue CbarityNumbeT xr21576 P•8e I
TR TRUSTEES, RESPORT FOR TIIE YEAR ENDED 31 MARCH 20)8 The trusiees are pleased lo present ihefftr report logeiher with Ihe financial sialemcnts of ihe cknily for ihc year etLdin8 31 M#r¢h 2018. The fin8#¢ial sitement5 have been prepared in accordance with Accounting 6nd Reporting by Charitics.. Staiement of Recomrnended Prncii¢ upplicablp io Charities prepari]]g iheir ae¢ourtts in atcordance with the Finan¢ial Reporting Standard appli¢able in the UK and the R¢public of Ireland IFRS 102) (¢ff¢¢tiv¢ l January 2015)- CtJariti¢s SORP (FRS 102}. the Financial Reporting S¢andard oppli¢abl¢ in the UK and the Republi¢ of Irelaod IFRS 102). Referette4 Administratiye iDd Trustee Detalls This iAfomJation is its¢luded on page l of th¢s¢ financial statrments. Th¢ PuATin TnJ$t is a charitable oryattis&¢ion tn Northern Irel&rtd that is dedicAted io ndIng research inio pmblems irt pre8nancy. Publlt Beneflt The t)us(ees confirni that (hey have had du¢ Tcgud for the guidane¢ productd on Public Benefit by the Charity Cornmisgion ror Nortbern Iteland ICCNI), and are pleased ¢0 report tha¢ duri¢)g the yearended 31 March 2013 theyhav¢ Continued 10 m¢et the Public Bcri1 requirerneni by Ihe provision of programmes and activities as noted in de¥il withtn this tsijsiees rqy)rt The m3in activities llndertak¢n by (he Charity in thc ycar to 31 March 2018 to furthrr it pujyoses for the public bcDefil arc.. The d¢velopm¢nt aod evoluaiion of rece ¢hang¢s to the provision of aTJten8ts1 care for women with gestational diabetes mellilu5 and work on an early warning fo¢tal motsoo detectiott $ysl¢m. Th¢ dwityruis¢ money by orgaDisin8 educ41ional courses knd theTh use IhL'S money to fijnd researclx. Encr8y is focused on obstetriciatLS and midwives to build a CUIN ofcriti¢al thinking forth¢ next gencratioD. Fknxttel rnvlew During the year the Charity have gener8ied fimds of £9.06012017'. £10,134) aod have incurred expertse8 of £16,961 (2017.. £7,523). The ner deficit of £7.90112017: £2.611) has be¢n deduded from the uJ)r¢stricled reseryes of th¢ ¢bariry io leave a defLCLI on the unre$tricted ruerve$ of £844 (2017: surplus of £7,057). Th¢r¢ wer¢ fto restricted dwijg the year orat the year end. The uusi¢¢s undeffth personal re5poThsibility forthe deficit oll re9erve6 and expect that this Myll be cleared by hndiLg to received in Ibe nexi . Trustees, reiponslb511tles Th¢ tru51¢¢5 are r¢sponsibl¢ for preparingth¢ Trwsrees, Reporn arsd the receipts and W4¢nI8 a¢¢ount and $tht¢nieni of assets And li#biliti¢s acwrdance w>th appltcable IBW and Tegulalions. Th¢ tn]stees are r¢sponsibl¢ for keeping AG¢outttiDg reconls 8Je sufficielll io showand ¢xplAin th¢ Choriiy's nSActIonS and disclose ry1h r¢asonable awuracy at any lime the ass¢is and liabilities of the Chorily. They ar¢ a150 responsible for safeguardllw thc assets of the charity and hetKe for taking reasonable steps for lh¢ prevention and detection of ftalld and othcr irrE8thities. Approved by th¢ and 5ignd on thcir b¢half by.. Dat¢.. fjig Page 2
THE PUFFIN TRUST REPORT OF THE INDEPENDENT EXAMINER TO THE TRUSTEES OF THE PUFFIN TRUST We report on the 51alen)eAL% for the year ended 31 Mar¢h 2018 Ththich are set out onpages four to seven. R¢spectlve re5pojslbi1iti of¢birity trustees and ex8mlDer A5 Ihe charity's tnt51ee5, you are responsibk for the preparation ofthe accounts in a¢cord4n¢e with the Chfirities Act (Northcrn Ireland) 2008. It is our resptsnsibility to.. • examine th8a¢cout)ts WId¢r6th 65 tsf th¢ ChaTities A¢t' follow th¢ proceduTe$18id down in the g¢neral directions giv¢n by the C¢)n]mis8ion under seaion 65(9)(b) of the Chariiies A¢t" and • slate parttcularmatters have ¢om¢ io our attcnlion. Basls of lAdeNdeI ex•mlner's reptsrt We have examinEd your charity Onts as requtred llrtder seclion 65 of the Charits¢s Act at¥J our exgmitiaiion was carried out in accordance H'ith the general Directions given bythe Chariiy CottwLis$ion for Northern Ireland I]der settion 65(9)Ibl of the Ch8riiies Act. Our exallLinatioo Included a review of the a¢¢ountin8 record$ k¢pt by the clwity artd a cornp8rison of the a¢¢ounts pffe#nled with those records. Th also in¢lud¢d ¢onsidention of any umtsual items or dis¢losu tbe a¢ts, and seeking explanatio5 from you as charity trustees conecrning any su¢FL matkrs. Ow role 18 to stete thherany Jnai¢rial mattcrs have Mrne to our att¢ntion giving us ¢?use to E¢]iev¢'. I. ThDt accouutsng Te¢ord$ ]t kepi ill 8ccozdatte with seetion 63 ofthe Chariti¢$ Act 2. Tha( the a¢wunts do Dot a¢o)rd with thoseaccounling ffcords 3. Tbat the accounts do not cothplywith the accountin8 rcquir¢nieIits of the Ch8rities Act 4. That there 1$ fvrth¢r infonnation necded fora prOpererstandIng of the accounts to be Te4thd. 1depend¢t exarnier'$ $tAtement Wo have compkied our¢xamination and bave no ¢on¢erns irt respect of the mattrrs (1110 (4) listed abov¢ Aod, in conoec¢itsn with following (h¢Direciior£ of the Charity Commission forNorthcrn Ireland. we hav¢ found no matth thai T¢quire thawing to yDur atteDtion. Baktt TillyMoolleyMoor¢ Chartered C¢rtified Aecounthnts 17 ClareDdon Ko#d CJarendoD Dock Belfast BTI 3BG Dai PAge 3
THE PUFFIN TRUST rATEMENT OF F1Tr4ANCIAL AcfJvITILS FOR THE YEAR ENDED 31 MARCH 2018 Unr¢strkted Reitrlettd Total Funds Funds Funds 2017 2017 Notes Iniom¢ from: O¢h¢r lrndlng a¢livl*S.. In¢ome from events 459 459 4239 5,895 Incom¢ from cours¢8 8.601 5,001 Totsl i)Me 9,060 9,060 10,134 Expelldlture on: Raising ndS Charitsble ac¢ivifies iOJ52 IOJ52 0,609 3,715 6,6(19 3,808 Total exp¢ndlture 961 7J23 Net incom¢ •lld eypendlture 17,9011 {7JDI 2,011 r4¢t nwvememt ltt fvnds {7,901) 2,611 Reeonelllathin Df fund8: Totgl futtdi broutht forward 7,057 7,057 4,446 Totsl funds eirrltd Corward (844) (844) (844) Th¢ notes form p&rt Of these f5tt1at ststernthts P88e 4
THE PUFFIN TRUST BALANCE SIIEET ASAT31 MARCH 2018 Not¢$ 21118 21)17 Cath at bar& and in hand IAOI 7,934 7,934 Creditors amounts falling due witbin one year 2JOS 877 NET CURRENT ILIABILITIFS)IASSETS (844) 7.057 TOTAL ASSETS LESS CURRENT LIABILITIES (844) 7,1157 NET (LIABILITIESYASSETS (844) 7,057 FVNDS Urtr¢stric*d Fund$ Restricted Funds (844) 7,fy57 TOTAL FUNDS (844) 7,057 Tr fwancial 818iemeu¢s w¢re wthorised for issueby the twst¢C5 and $i8ned on th¢irb¢half by. Da. The llotes form part vftbtge fimaDclal statem¢nts P#g¢ 5
THF PUFFJTr4 TRUST 'OTES TO THE FIN'ANCIAL STATEMENTS FOR THEYEAR ENDED 31"MARCH 2018 STATEMEFIT OF ACCOUNTING POLICIES The fmancial stal¢ments of this publi¢ benefit entity hive b¢¢n prepar in accordance with Accouniing and Reportittg by Chariti¢s.' Sthiemcnl of Rewmniended Praciice applicable to chariu¢s preparin¥ their accounts in &¢¢ordan¢e with Ihe Financial Reporttng Standard applAcable the UK and the Republic of Ire121 (FRS 1021 leffectiv¢ l January 20151- (Charities SORP (FRS 102), the Financial Rtporting Stsndard applicabl¢ in the UK and ihe Rcpublic of Ireland IFRS 1021. Tlie following is k sun)mary of the signifieartt accounling poli¢ics adopted by the ¢hritabl¢ company in the preparation of th¢ financial 51at¢m¢nts. Coihg Con¢¢ru The a¢¢ounts havc been prepared on a goirjg Concern b¥is. The trusl¢es acktK>wledge tbat ihere is a deficit on UDr¢stricitd fimds and are saiisfjed th81 thture fimding be availdble lo etwr¢ th¢ ¢oniinued exisl¢n¢¢ of the charity for the foreseeable future. The Wu%¢ees have aceepted (hai as required they will tsk¢ pcrsonal ponsibiliiy for ihe d¢fi¢it its h)nds. 1COme A][ incoming resources are inrludcd in the statemen( of fmancial livIlIeS M4Jen the charity 15 entiiled to tl iticome and the amount Can b¢ quantifi¢d with reasonable accurBCy. Tlke following specific poli¢its are Jpplied parti¢ular te80¢S of rncom¢'. 1come frorA events and courses are re¢o8nTscd when the eveni or course has beeD delivered aDd the charity becomes uncondiiionallyentitled to the xnwme. Expebditure A]1 expeThlityr¢ is accounted for on an ac¢ruals basis attd ha5 be¢n classified underheadings thai aggreB&te all Costs rejated lo the tegory. Expendin¢ on raising fbjnds are those costs iD¢Ued in aitraciing vohjntsry incom¢. And those incury¢d in trading activiiies thatraise fiuth. Expcndilure on ¢haritable expendiiure comprises th¢ costs of providin8 suppon to rese4reh bodies lo fi]nherthe charitable PUTPOSC. Togetl with support Wsts IVCd centrdlly atkd 8overnott¢e co$ts oCiat with the govern&t orrangcments of thr clwity and ar¢ wimarily asso¢ialed with constituiional atsd statucory requirements. The charity's expendin¢ on governance costs ensures tbat the organisation complies with legislation ¥nd be$tprncti¢e. TAXgIIoD Th¢rc is no Jiability io t&xBtion due to the soci¢ty's cboritsblr slatU5. Credltor% CTeditors and provisions are Teco8nised wher¢ the charlty bes a PT¢sent obligation r¢suliittg from a past ev¢ni that WAII probably resuli in the transfer of futtds 10 a third party and the amowjt due io s¢Nl¢ the obligation an be rn¢&sured or estimated r¢liably. CreditOTS are nornially recti12 at their sctilem¢llt 8mouJtl after Allowin8 for any ttade discoynts duE. The company hos various types of fund$ ftirwhich it is respon711 and whi¢h mlUiT¢ s¢parnte disclosur¢. Thes¢ are as follows.. (i) Restrkt¢d Funds Donation5 received whiGh arc desi8Dated by th¢ donor for specific puooses. Suchpyooses 8re wi¢hin th¢ overall aim$ of ¢he or8anisation. (51) Unrutrl¢t¢d Fund$ Funds which are expettdable at the dIra0 of fhe tru in fyTthetan¢e of the objects of the tsust. Page 6
TIIE PUFFIN TRUST NO'rF.s'ro TIIF. fifiYAliCIAL STATFMENTS FOR THE YEAR ENDED 31 MARCII 2018 EXPENDITURE Unrestrlcted Funds Restrlc(ed Funds TotAI FuJLdf 2018 2017 Co$ts t)f r*l8iDg fundF C21ering c051S L#ttwerfees and ¢xpense$ Course orn1$&tiOn and as51sihnce Sthtiomery 829 8,231 590 702 829 8J21 S90 702 456 2.542 250 467 10,352 iOa52 3.715 Cost of ¢harliibIt actlvltles Grani- Qtteen's University Grani- Ulsier Universiiy Grant- Matemily TTUSI FuDd Grntrt- Northern Trust Grani-Royal Jubilee Ma(ernity Servitts Award- Scan illcenlive Secrewial support A¢¢ountants Bank fees 2,000 80Q 1.000 l J(K) Ivoo 1,000 600 600 ilo 720 179 720 179 60 360 88 6,609 3,808 The chariiydid not have aoy employees in the y¢ar{2017.' nÉl) and conwi¢ntly there we M employets who received more ihan £60.000 t1uring the yeaT. Trn8k•g did not fteeive anyremunerntion orexpews during the year (2017.. £nil). CREDITORS AMOiJNTS DUE WITHIN ONE YEAR 2018 2017 A¢¢nlS 2J05 877 rage 7