S N U TRUST

Charity number: 276902
Removed charity

Charity overview

Activities - how the charity spends its money

This information is included in the Report of the Trustees

Income and expenditure

Data for financial year ending 30 April 2019

Total income:
£553,708

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Donations and legacies £0
Charitable activities £54.83k
Other trading activities £50.59k
Investments £448.30k
Other £0

Total expenditure:
£3,252,995

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Raising funds £71.70k
Charitable activities £426.48k
Other £2.75m

£649,152 investments gains (losses)

Charitable expenditure

Charitable expenditure

Some charities generate all, or a substantial part, of their income from investments which may have been donated to the charity as endowment or set aside by the charity from its own resources in the past. Such investments usually take the form of stocks and shares but may include other assets, such as property, that are capable of generating income and/or capital growth.

In managing their spending and investments charities need to strike a balance between the needs of future and current beneficiaries. They also need to take account of spending commitments that may stretch over a number of future years. To do this, charities will normally adopt an investment strategy designed to generate both income and capital growth. To maximise returns trustees may commit to investment strategies for several years.

Investments can experience large swings in value so trustees may, in a particular year, decide to realise and spend part of their charity’s capital or to invest part of its income.

By clicking the investment gains checkbox the charitable spending bar is adjusted to take account of capital growth as well as income. This shows the balance the charity is striking, between spending on current beneficiaries and retaining resources for future beneficiaries.

Text alternative for this canvas graphic is in the data table below.
Raising funds and other expenditure £2.83m
Charitable expenditure £426.48k

Fundraising

This charity does not raise funds from the public

Trading

This charity does not have any trading subsidiaries.

Trustee payments

No trustees receive any remuneration, payments or benefits from the charity.

What, who, how, where

What the charity does:
  • General Charitable Purposes
Who the charity helps:
  • Other Defined Groups
How the charity helps:
  • Provides Other Finance
Where the charity operates:
  • Throughout England And Wales
  • Scotland

Governance

Registration history:
  • 03 January 1979: Standard registration
  • 03 July 2020: Removed (Funds transferred (incor))
  • 03 July 2020: Funds transferred to 1182379 SPIRITUALISTS' NATIONAL UNION TRUST
Organisation type:
Trust
Other names:
  • THE SPIRITUALISTS NATIONAL UNION BUILDING FUND POOL (Previous name)
Gift aid:
Not recognised by HMRC for gift aid
Other regulators:
No information available
Policies:
  • Complaints handling
  • Conflicting interests
  • Investment
  • Risk management
Land and property:
This charity owns and/or leases land or property

Financial history

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Financial period end date

Income / Expenditure 31/12/2014 31/12/2015 31/12/2016 31/12/2017 30/04/2019
Total gross income £349.37k £415.02k £419.19k £402.31k £553.71k
Total expenditure £291.08k £343.99k £393.39k £363.60k £3.25m
Income from government contracts N/A £0 £0 £0 N/A
Income from government grants N/A £0 £0 £0 N/A
Income - Donations and legacies N/A N/A N/A N/A £0
Income - Other trading activities N/A N/A N/A N/A £50.59k
Income - Charitable activities N/A N/A N/A N/A £54.83k
Income - Endowments N/A N/A N/A N/A £0
Income - Investment N/A N/A N/A N/A £448.30k
Income - Other N/A N/A N/A N/A £0
Income - Legacies N/A N/A N/A N/A £0
Expenditure - Charitable activities N/A N/A N/A N/A £426.48k
Expenditure - Raising funds N/A N/A N/A N/A £71.70k
Expenditure - Governance N/A N/A N/A N/A £102.83k
Expenditure - Grants institution N/A N/A N/A N/A £0
Expenditure - Investment management N/A N/A N/A N/A £54.59k
Expenditure - Other N/A N/A N/A N/A £2.75m

Assets and liabilities

Definitions for assets and liabilities
Own use assets

These are assets, other than investments, which are held for more than 12 months and used to run and administer the charity such as buildings, offices, exhibits and fixtures and fittings.

Long term Investments

Investments are assets held by the charity with the sole aim of generating income which will be used for their charitable purposes such as deposit accounts, shares, rental property and unit trusts.
Investment assets are re-valued every year and included in the balance sheet at their current market value.
Long term investments are held for more than 12 months.

Other assets

These are assets held generally for less than 12 months such as cash and bank balances, debtors, investments to be sold within the coming year and trading stock.

Defined benefit pension scheme asset or liability

This is a surplus or deficit in any defined benefit pension scheme operated and represents a potential long-term asset or liability.

Total liabilities

These are all the amounts owed by the charity at the balance sheet date to third parties such as bills due but not yet paid, bank overdrafts and loans and mortgages.

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Asset / Liability 31/12/2014 31/12/2015 31/12/2016 31/12/2017 30/04/2019
Own use assets N/A N/A N/A N/A £0
Long-term investments N/A N/A N/A N/A £0
Other assets N/A N/A N/A N/A £1.92m
Defined benefit pension scheme asset or liability N/A N/A N/A N/A £0
Total liabilities N/A N/A N/A N/A £1.92m

Accounts and annual returns

This table shows the charity's record of submitting annual returns, accounts and trustees' annual report (TAR) for the last five financial periods.
Title Reporting year Date received Received Download
Annual return 30 April 2020 Not submitted
Accounts and TAR 30 April 2020 Not submitted
Annual return 30 April 2019 21 August 2019 On time
Accounts and TAR 30 April 2019 21 August 2019 On time
Annual return 31 December 2017 26 July 2018 On time
Accounts and TAR 31 December 2017 26 July 2018 On time
Annual return 31 December 2016 25 July 2017 On time
Accounts and TAR 31 December 2016 25 July 2017 On time

Governing document

Details of the type of governing document the charity has and when it was established.
It is not the full text of the charity's governing document.

TRUST DEED DATED 22 NOVEMBER 1926 AS AMENDED 1 JULY 1950 AND 14 JULY 1990. AS AMENDED ON 14 APR 2018 AS AMENDED ON 24 JUN 1999 as amended on 14 Apr 2018

Charitable objects

(A) TO MAKE MONETARY ADVANCES TO CHURCHES FOR:- (I) THE PURCHASE OF LAND AND THE ERECTION OF BUILDINGS TO BE USED FOR PUBLIC WORSHIP IN ACCORDANCE WITH THE RELIGION OF SPIRITUALISM OR OTHERWISE FOR THE ADVANCEMENT OF SPIRITUALISM AND (II) OTHER CAPITAL EXPENDITURE WHICH IS DESIRABLE FOR THE PROPER FUNCTIONING OF THE RESPECTIVE CHURCHES. (B) TO AFFORD FACILITIES FOR THE INVESTMENT OF SURPLUS FUNDS OF THE UNION AND ITS SUBSIDIARY ORGANISATIONS AND OF CHURCHES.

Area of benefit

The area the charity can operate in, as set out in its governing document.

NOT DEFINED