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
TRu￿E£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 si*tement5 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 B￿cri1 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¢r6￿￿th 65 tsf th¢ ChaTities A¢t'
follow th¢ proceduTe$18id down in the g¢neral directions giv¢n by the C¢)n]mis8ion under seaion 65(9)(b) of the
Chariiies A¢t" and
• slate parttcularmatters have ¢om¢ io our attcnlion.
Basls of lAde￿Nde￿I ex•mlner's reptsrt
We have examinEd your charity ￿￿O￿nts as requtred llrtder seclion 65 of the Charits¢s Act at¥J our
exgmitiaiion was carried out in accordance H'ith the general Directions given bythe Chariiy CottwLis$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 explanatio￿5 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 prOper￿￿erstandIng of the accounts to be Te4thd.
1*depend¢￿t exarni*er'$ $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¢liv￿l*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.
1￿COme
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¢'.
1￿come 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¢U￿ed 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 I￿V￿Cd 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 recti￿￿12￿ at their sctilem¢llt 8mouJtl after
Allowin8 for any ttade discoynts duE.
The company hos various types of fund$ ftirwhich it is respon￿711￿ 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 dI￿ra*0￿ 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 or￿n1$&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 w￿e 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¢¢n￿lS
2J05
877
rage 7