REGISTERED COMPANY NUMBER: 06088250 (England and Wales) REGISTERED CHARITY NUMBER: 1120306
Report of the Trustees and
Unaudited Financial Statements for the Year Ended 31 December 2022
for
Proclaimers
CUNNINGHAMS Number Sixty One Alexandra Road Lowestoft Suffolk NR32 1PL
Proclaimers
Contents of the Financial Statements for the Year Ended 31 December 2022
| Page | |||
|---|---|---|---|
| Report of the Trustees | 1 | to | 5 |
| Independent Examiner's Report | 6 | ||
| Statement of Financial Activities | 7 | ||
| Balance Sheet | 8 | to | 9 |
| Cash Flow Statement | 10 | ||
| Notes to the Financial Statements | 11 | to | 20 |
| Detailed Statement of Financial Activities | 21 | to | 22 |
Proclaimers
Report of the Trustees for the Year Ended 31 December 2022
The Trustees present their annual report together with the financial statements of Proclaimers for the year 1 January 2022 to 31 December 2022. The Trustees confirm that the Annual Report and financial statements of the company comply with the current statutory requirements, the requirements of the company's governing document and the provisions of the Statement of Recommended Practice (SORP), applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) (effective 1 January 2015) as amended by Update Bulletin 1 (effective 1 January 2015).
Since the company qualifies as small under section 383, the strategic report required of medium and large companies under The Companies Act 2006 (Strategic Report and Director's Report) Regulations 2013 is not required.
The company also trades under the name 'The Space'.
Introduction
Proclaimers is a modern church that loves God and loves people. We are dedicated to helping people connect with God and connect with their destiny. We believe Church should be welcoming, accessible and relevant. We are one church in 2 locations, with campuses in Norwich and Ipswich. Proclaimers is an AOG church.
Proclaimers also operates The Space which is a social enterprise facility that provides space to businesses, community groups and organisations for training, conferences, seminars, workshops, presentations, launches, exhibitions and more. Our clients include local councils, local businesses from SMEs to large national and multinational corporations, local and national charities and third sector organisations etc. in and around Norwich.
OBJECTIVES AND ACTIVITIES
Policies and objectives
The vision and objective of Proclaimers is The Salvation of our City. This vision shapes everything we do - every programme we run, every service we hold - it is all about seeing the people of Norwich and Ipswich connect with Jesus.
Our mission is: Reach people. Influence culture. Build future. Our mission is to reach people for Christ and influence culture by building a large church in Norwich and Ipswich; to disciple and empower people in every area of life and shape the future of our city and beyond.
In accordance with our objectives we have a healthy organisation that is expanding in reach and effectiveness. Our principal funding source is the tithes and offerings of the church. Our people are generous givers. With the addition of funds from our conference centre, The Space, we are able to have extra income made available to fulfil our objectives.
Page 1
Proclaimers
Report of the Trustees for the Year Ended 31 December 2022
OBJECTIVES AND ACTIVITIES Significant activities Impacting our world - Public Benefit through charitable activities
When planning our activities for the year, the Directors considered the Commission's guidance on public benefit and, in particular, the specific guidance on charities for the advancement of religion.
The Directors confirm that, in exercising their powers and duties, they have complied with their duty to have due regard to the guidance on public benefit published by the Charity Commission.
The charity's work continues to focus on programmes and services which promote the Church's vision, objectives and mission.
Following the challenging years in 2020 and 2021 due to the pandemic, 2022 was the first year where we were able to resume many of our onsite Sunday services and programmes. A number of new people have joined our Sunday congregation but we have also lost quite a few people in 2022. Although this fluctuation has impacted our tithes and offerings for 2022, we are pleased at the growth we have seen this year.
Alongside our weekly Sunday services, we also had a number of social initiatives and programmes. These were:
Parents and Babies (Ages 0-1); Proclaimers Kids (Ages 1-10); Fearless (Ages 11-17); One (Ages 18-25); Proclaimers Families; Prime (Ages 26+); Inspire (Ages 40+); Love Norwich; Connect Groups and a variety of volunteer Teams.
Many of these programmes have been revamped to cater for the new world we have found ourselves in following the pandemic. All our programmes now take place onsite where people can meet in person. We do also continue to offer many hybrid programmes, including livestreaming our Sunday morning service, for those who prefer to join us online.
One very successful programme we ran this year was GloFest which was an alternative Halloween party for primary school aged children and their parents. We had over 50 people attend the party and we are planning on rolling this out to the community in 2023.
This year we were once again, able to run our annual Christmas Hamper campaign. We collected items and donations to create luxury hampers which contained a Christmas meal for 4 with all the trimmings. We also supplied a voucher for the fresh food.
We were able to distribute 436 hampers, across Norwich and Ipswich, to those in need via our partnership with other local agencies. We value the relationships we have been able to build with these partner organisations as it helps us to ensure the hampers are given to those most in need. These agencies work with families with complex needs, young carers, domestic violence survivors and perpetrators, to name just a portion of the work they do.
Our pastoral care team has continued to help those who are sick and in need of personal care as well as providing support and counselling to those who suffered losses due to the death of family members and loved ones. We offered signposting to professional services where needed. This year we have run a few successful pre-marriage courses for young couples and it was great to do this in person again. We also assisted new mums by providing practical support such as dropping meals off to them and giving parenting advice in the first few weeks of parenthood.
The Space has seen an increase in bookings in 2022 although things are not back to where they were. Our clients have been pleased to return and we've also seen an increase in new clients. The cost-of-living crises has been a challenge and we had to restructure our prices to compensate for this. Although the year has been positive, it has also been a challenge.
Impact beyond our world - Public benefit
We have been regularly supporting missionary endeavours overseas. This year we have supported the following projects and ministries:
Compassion, a child-sponsorship programme. Through our on-going support we have been able to sponsor 100 children, predominantly in the nation of Togo, West Africa.
Page 2
Proclaimers
Report of the Trustees
for the Year Ended 31 December 2022
OBJECTIVES AND ACTIVITIES
The A21 Campaign, who work in helping to rescue and rehabilitate people caught in human trafficking. This year, we were the host organisation for The A21 Campaign 'Walk for Freedom' in both Norwich and Ipswich.
Scott Wilson in Denmark, coaching and mentoring leaders for greater impact throughout Europe and in the UK. Scott's work has proven to be invaluable to church leaders.
Mal Fletcher's work with 2030Plus Future Forum and his work in leadership development throughout Europe. Mal is a consultant to not only church organisations but a public presenter to the BBC & other national news organisations. We feel our work with Mal both here in the UK and throughout Europe is having a big impact on developing the capacity of leaders. He is also the Chairman of a think tank on social change and innovation called 2030Plus Future Forum.
FINANCIAL REVIEW
Reserves policy
The total reserves as at 31 December 2022 were £93,572 (2021: £116,852), all of which were unrestricted (2021: £95,938). The need for day-to-day working capital is being met by careful cash flow management. The director's target is to increase the level of free reserves through careful management of future gifts and donations. The directors consider that free reserves equating to approximately three months expenditure would provide an adequate buffer for the future but consider that the charity's mission will always take precedence over the accumulation of reserves.
Going concern
After making appropriate enquiries, the trustees have a reasonable expectation that the company has adequate resources to continue in operational existence for the foreseeable future. For this reason they continue to adopt the going concern basis in preparing the financial statements.
STRUCTURE, GOVERNANCE AND MANAGEMENT
Governing document
The charity is controlled by its governing document, a deed of trust, and constitutes a limited company, limited by guarantee, as defined by the Companies Act 2006.
Charity constitution
The company is registered as a charitable company limited by guarantee and was set up by a Memorandum of Association on 7th February 2007.
The company is constituted under a Memorandum of Association dated 7th February 2007 and is a registered charity number 1120306.
The principal object of the company is to provide the advancement of the Christian Religion by the proclamation and furtherance of the gospel of God concerning His Son Jesus Christ the Lord and the preaching and teaching of the Word of God.
Recruitment and appointment of new trustees
The management of the company is the responsibility of the Trustees who are elected and co-opted under the terms of the Articles of Association.
Page 3
Proclaimers
Report of the Trustees for the Year Ended 31 December 2022
STRUCTURE, GOVERNANCE AND MANAGEMENT
Organisational structure
The organisation is a charitable company limited by guarantee, incorporated on 7th February 2007 and registered as a charity on 27th July 2007. The company was established under a Memorandum of Association which set out the objects and powers of the charitable company and is governed under its Articles of Association.
We currently have 7 directors.
The directors of the company are also charity trustees for the purposes of charity law.
The company has delegated day to day running to the Managing Director, Bobby Thomas Rawls.
The Managing Director works with the other Directors and employees of the company on a day-to-day level. In turn the directors meet every quarter with policy updates, full reports and any new business deemed important for the Directors to consider. We are all working well with no tension or problems.
Directors are recruited by the Managing Director and the Members of the company - they are appointed by the vote of the other Directors. New Directors are inducted at a Directors meeting after training by others who are qualified.
Risk Management has been reviewed and policies and procedures are in place. Financial risks are monitored regularly. Internal control risks are minimised by the implementation of procedures for authorisation of all transactions.
Procedures are in place to ensure compliance with health and safety of staff, volunteers and visitors to our premises. We have policies in place for Safeguarding, Vulnerable Adults and Data Protection, and training of volunteers and staff to ensure these are followed is undertaken on a regular basis.
The leadership structure is flowing smoothly with Bobby Thomas Rawls as Lead Pastor of the church and Managing Director of the company. We have 7 paid staff working for the Church and The Space in both a full time and part time capacity.
Beside this administrative structure mentioned above we have regular volunteer ministry team meetings with other members of the leadership team, who have specific responsibilities for heading up and running various ministries within the Church.
All Directors are regularly kept up to date on changing laws, policies and procedures of the Charity Commission.
REFERENCE AND ADMINISTRATIVE DETAILS Registered Company number
06088250 (England and Wales)
Registered Charity number
1120306
Registered office
The Space Roundtree Way Norwich Norfolk NR7 8SQ
Page 4
Proclaimers
Report of the Trustees
for the Year Ended 31 December 2022
Trustees
Miss A S Herbert Mr M A Hodder Mr B T Rawls Dr P M Temple Dr H Temple-Reddish Mr D P Middleton Ms R McCrum
Chief executive officer
Mr B T Rawls
Company secretary
Ms R McCrum
Independent Examiner
Ms Rachel Garnham FCCA CUNNINGHAMS Number Sixty One Alexandra Road Lowestoft Suffolk NR32 1PL
Approved by order of the board of trustees on 24 May 2023 and signed on its behalf by:
Mr B T Rawls - Trustee
Page 5
Independent Examiner's Report to the Trustees of Proclaimers
Independent examiner's report to the trustees of Proclaimers ('the Company')
I report to the charity trustees on my examination of the accounts of the Company for the year ended 31 December 2022.
Responsibilities and basis of report
As the charity's trustees of the Company (and also its directors for the purposes of company law) you are responsible for the preparation of the accounts in accordance with the requirements of the Companies Act 2006 ('the 2006 Act').
Having satisfied myself that the accounts of the Company are not required to be audited under Part 16 of the 2006 Act and are eligible for independent examination, I report in respect of my examination of your charity's accounts as carried out under Section 145 of the Charities Act 2011 ('the 2011 Act'). In carrying out my examination I have followed the Directions given by the Charity Commission under Section 145(5) (b) of the 2011 Act.
Independent examiner's statement
Since your charity's gross income exceeded £250,000 your examiner must be a member of a listed body. I can confirm that I am qualified to undertake the examination because I am a member of the Association of Chartered Certified Accountants, which is one of the listed bodies.
I have completed my examination. I confirm that no matters have come to my attention in connection with the examination giving me cause to believe:
-
accounting records were not kept in respect of the Company as required by Section 386 of the 2006 Act; or
-
the accounts do not accord with those records; or
-
the accounts do not comply with the accounting requirements of Section 396 of the 2006 Act other than any requirement that the accounts give a true and fair view which is not a matter considered as part of an independent examination; or
-
the accounts have not been prepared in accordance with the methods and principles of the Statement of Recommended Practice for accounting and reporting by charities (applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102)).
I have no concerns and have come across no other matters in connection with the examination to which attention should be drawn in this report in order to enable a proper understanding of the accounts to be reached.
Ms Rachel Garnham FCCA
CUNNINGHAMS Number Sixty One Alexandra Road Lowestoft Suffolk NR32 1PL
24 May 2023
Page 6
Proclaimers
Statement of Financial Activities for the Year Ended 31 December 2022
| Unrestricted fund Notes £ INCOME AND ENDOWMENTS FROM Donations and legacies 2 345,068 Other trading activities 3 107,571 Other income 15,571 Total 468,210 EXPENDITURE ON Direct trading costs 4 16,258 Charitable activities 5 Charitable Activities 475,232 Total 491,490 NET INCOME/(EXPENDITURE) (23,280) Transfers between funds 18 20,914 Net movement in funds (2,366) RECONCILIATION OF FUNDS Total funds brought forward 95,938 TOTAL FUNDS CARRIED FORWARD 93,572 |
Restricted fund £ - - - - - - - - (20,914) (20,914) 20,914 - |
31.12.22 31.12.21 Total Total funds funds £ £ 345,068 346,867 107,571 80,338 15,571 64,299 468,210 491,504 16,258 7,212 475,232 460,898 491,490 468,110 (23,280) 23,394 - - (23,280) 23,394 116,852 93,458 93,572 116,852 |
31.12.22 31.12.21 Total Total funds funds £ £ 345,068 346,867 107,571 80,338 15,571 64,299 468,210 491,504 16,258 7,212 475,232 460,898 491,490 468,110 (23,280) 23,394 - - (23,280) 23,394 116,852 93,458 93,572 116,852 |
|---|---|---|---|
| 491,504 | |||
| 7,212 460,898 |
|||
| 468,110 | |||
| 23,394 - |
|||
| 23,394 93,458 |
|||
| 116,852 |
The notes form part of these financial statements
Page 7
Proclaimers
Balance Sheet
31 December 2022
| Unrestricted fund Notes £ FIXED ASSETS Tangible assets 11 75,359 CURRENT ASSETS Stocks 12 173 Debtors 13 18,740 Cash at bank and in hand 68,641 87,554 CREDITORS Amounts falling due within one year 14 (44,341) NET CURRENT ASSETS 43,213 TOTAL ASSETS LESS CURRENT LIABILITIES 118,572 CREDITORS Amounts falling due after more than one year 15 (25,000) NET ASSETS 93,572 FUNDS 18 Unrestricted funds Restricted funds TOTAL FUNDS |
Restricted fund £ - - - - - - - - - - |
31.12.22 Total funds £ 75,359 173 18,740 68,641 87,554 (44,341) 43,213 118,572 (25,000) 93,572 93,572 - 93,572 |
31.12.21 Total funds £ 78,040 167 11,765 98,077 110,009 (36,197) 73,812 151,852 (35,000) 116,852 95,938 20,914 116,852 |
|---|---|---|---|
The charitable company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 December 2022.
The members have not required the company to obtain an audit of its financial statements for the year ended 31 December 2022 in accordance with Section 476 of the Companies Act 2006.
The trustees acknowledge their responsibilities for
-
(a) ensuring that the charitable company keeps accounting records that comply with Sections 386 and 387 of the Companies Act 2006 and
-
(b) preparing financial statements which give a true and fair view of the state of affairs of the charitable company as at the end of each financial year and of its surplus or deficit for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the charitable company.
The notes form part of these financial statements
continued...
Page 8
Proclaimers
Balance Sheet - continued
31 December 2022
These financial statements have been prepared in accordance with the provisions applicable to charitable companies subject to the small companies regime.
The financial statements were approved by the Board of Trustees and authorised for issue on 24 May 2023 and were signed on its behalf by:
Mr B T Rawls - Trustee
The notes form part of these financial statements
Page 9
Proclaimers
Cash Flow Statement
for the Year Ended 31 December 2022
| 31.12.22 | 31.12.21 | ||
|---|---|---|---|
| Notes | £ | £ | |
| Cash flows from operating activities | |||
| Cash generated from operations | 20 | 1,123 | 46,199 |
| Interest paid | (1,010) | (601) | |
| Net cash provided by operating activities | 113 | 45,598 | |
| Cash flows from investing activities | |||
| Purchase of tangible fixed assets | (19,550) | (14,526) | |
| Net cash used in investing activities | (19,550) | (14,526) | |
| Cash flows from financing activities | |||
| Loan repayments in year | (9,999) | (5,001) | |
| Net cash used in financing activities | (9,999) | (5,001) | |
| Change in cash and cash equivalents in | |||
| the reporting period | (29,436) | 26,071 | |
| Cash and cash equivalents at the | |||
| beginning of the reporting period | 98,077 | 72,006 | |
| Cash and cash equivalents at the end of | |||
| the reporting period | 68,641 | 98,077 |
The notes form part of these financial statements
Page 10
Proclaimers
Notes to the Financial Statements
for the Year Ended 31 December 2022
1. ACCOUNTING POLICIES
BASIS OF PREPARING THE FINANCIAL STATEMENTS
The financial statements of the charitable company, which is a public benefit entity under FRS 102, have been prepared in accordance with the Charities SORP (FRS 102) 'Accounting and Reporting by Charities: Statement of Recommended Practice applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) (effective 1 January 2019)', Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland' and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.
INCOME
All income is recognised in the Statement of Financial Activities once the charity has entitlement to the funds, it is probable that the income will be received and the amount can be measured reliably.
Income tax recoverable in relation to donation received under Gift Aid or deeds of covenant is recognised at the time of the donation.
Income from other trading activities includes lettings income from office space, beverage sales and income derived from catering events.
EXPENDITURE
Liabilities are recognised as expenditure as soon as there is a legal or constructive obligation committing the charity to that expenditure, it is probable that a transfer of economic benefits will be required in settlement and the amount of the obligation can be measured reliably. Expenditure is accounted for on an accruals basis and has been classified under headings that aggregate all cost related to the category. Where costs cannot be directly attributed to particular headings they have been allocated to activities on a basis consistent with the use of resources.
Irrecoverable VAT is charged as an expense against the activity for which expenditure arose.
TANGIBLE FIXED ASSETS
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
| Short leasehold | - over term of lease |
|---|---|
| Improvements to property | - 2% on cost |
| Fixtures and fittings | - 25% on reducing balance |
| Motor vehicles | - 25% on reducing balance |
| Computer equipment | - 25% on reducing balance |
STOCKS
Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.
TAXATION
The charity is exempt from corporation tax on its charitable activities.
FUND ACCOUNTING
Unrestricted funds can be used in accordance with the charitable objectives at the discretion of the trustees.
Restricted funds can only be used for particular restricted purposes within the objects of the charity. Restrictions arise when specified by the donor or when funds are raised for particular restricted purposes.
Further explanation of the nature and purpose of each fund is included in the notes to the financial statements.
HIRE PURCHASE AND LEASING COMMITMENTS
Rentals paid under operating leases are charged to the Statement of Financial Activities on a straight line basis over the period of the lease.
continued...
Page 11
Proclaimers
Notes to the Financial Statements - continued for the Year Ended 31 December 2022
1. ACCOUNTING POLICIES - continued
HIRE PURCHASE AND LEASING COMMITMENTS
Assets acquired under finance leases are capitalised and depreciated over the shorter of the lease term and the expected useful life of the asset. Minimum lease payments are apportioned between the finance charge and the reduction of the outstanding lease liability using the effective interest method. The related obligations, net of future finance charges, are included in creditors.
Rentals payable and receivable under operating leases are charged to the SoFA on a straight line basis over the period of the lease
PENSION COSTS AND OTHER POST-RETIREMENT BENEFITS
The charitable company operates a defined contribution pension scheme. Contributions payable to the charitable company's pension scheme are charged to the Statement of Financial Activities in the period to which they relate.
GOING CONCERN
The financial statements have been prepared on a going concern basis as the trustees believe that no material uncertainties exist. The trustees have considered the level of funds held and the expected level of income and expenditure for 12 months from authorising the financial statements. The budgeted income and expenditure is sufficient with the level of reserves for the charity to be able to continue as a going concern.
FINANCIAL INSTRUMENTS
The company only has financial assets and financial liabilities of a kind that qualify as basic financial instruments, Basic financial instruments are initially recognised at transaction value and subsequently measured at their settlement value.
2. DONATIONS AND LEGACIES
| Donations Gift aid OTHER TRADING ACTIVITIES Lettings income Beverage sales Catering events |
31.12.22 £ 289,566 55,502 345,068 31.12.22 £ 82,187 12,735 12,649 107,571 |
31.12.21 £ 296,299 50,568 |
|---|---|---|
| 346,867 | ||
| 31.12.21 £ 71,304 5,259 3,775 |
||
| 80,338 |
3. OTHER TRADING ACTIVITIES
continued...
Page 12
Proclaimers
Notes to the Financial Statements - continued for the Year Ended 31 December 2022
4. DIRECT TRADING COSTS
OTHER TRADING ACTIVITIES
| 31.12.22 £ Opening stock 167 Purchases 16,264 Closing stock (173) 16,258 CHARITABLE ACTIVITIES COSTS |
31.12.22 £ Opening stock 167 Purchases 16,264 Closing stock (173) 16,258 CHARITABLE ACTIVITIES COSTS |
31.12.21 £ 171 7,208 (167) 7,212 |
31.12.21 £ 171 7,208 (167) 7,212 |
|---|---|---|---|
| Direct Costs | £ | ||
| Wages | 131,995 | ||
| Social security | 6,803 | ||
| Pensions | 7,461 | ||
| Hire of plant and machinery | 20,485 | ||
| Rent | 126,349 | ||
| Rates and water | 2,605 | ||
| Events and guest speakers | 7,210 | ||
| Repairs and renewals | 20,143 | ||
| 323,051 | |||
| Support Costs | £ | ||
| Bank charges | 666 | ||
| Disallowed input VAT | 6,050 | ||
| Cleaning | 8,062 | ||
| Client hospitality | 1,896 | ||
| Gifts and donations | 9,982 | ||
| Insurance | 6,339 | ||
| Light and heat | 18,290 | ||
| Depreciation | 18,056 | ||
| Telephone | 3.253 | ||
| Postage and stationery | 537 | ||
| Equipment and resources | 8,994 | ||
| Travelling | 32,024 | ||
| Advertising | 3,134 | ||
| Subscriptions | 4,458 | ||
| Sundry expenses | 521 | ||
| 122,262 | |||
| Governance Costs | £ | ||
| Accountancy | 8,440 | ||
| Legal and professional fees | 6,544 | ||
| 14,984 | |||
5. CHARITABLE ACTIVITIES COSTS
continued...
Page 13
Proclaimers
Notes to the Financial Statements - continued for the Year Ended 31 December 2022
6. SUPPORT COSTS
| SUPPORT COSTS | ||
|---|---|---|
| Finance | ||
| £ | ||
| Charitable Activities | 1,010 | |
| NET INCOME/(EXPENDITURE) | ||
| Net income/(expenditure) is stated after charging/(crediting): | ||
| 31.12.22 | 31.12.21 | |
| £ | £ | |
| Depreciation - owned assets | 22,231 | 18,056 |
| Hire of plant and machinery | 18,295 | 20,485 |
| Other operating leases | 108,983 | 126,349 |
7. NET INCOME/(EXPENDITURE)
8. TRUSTEES' REMUNERATION AND BENEFITS
Mr B T Rawls (Trustee) received a gross salary of £40,301 for his duties as Senior Pastor of Proclaimers church and CEO of The Space. No element of this remuneration is paid for duties which Mr Rawls conducts as a director.
Mrs R McCrum (Trustee) received a gross salary of £16,241 for her services in relation to financial administration. No element of this remuneration is paid for duties which Mrs McCrum conducts as a director.
TRUSTEES' EXPENSES
There were no trustees' expenses paid for the year ended 31 December 2022 nor for the year ended 31 December 2021.
9. STAFF COSTS
| Wages and salaries Social security costs Other pension costs The average monthly number of employees during the year was as follows: Employees No employees received emoluments in excess of £60,000. |
31.12.22 £ 161,276 8,174 8,339 177,789 31.12.22 8 |
31.12.21 £ 131,995 6,803 7,461 |
|---|---|---|
| 146,259 | ||
| 31.12.21 6 |
continued...
Page 14
Proclaimers
Notes to the Financial Statements - continued for the Year Ended 31 December 2022
| 10. COMPARATIVES FOR THE STATEMENT OF FINANCIAL ACTIVITIES Unrestricted Restricted fund fund £ £ INCOME AND ENDOWMENTS FROM Donations and legacies 325,953 20,914 Other trading activities 80,338 - Other income 64,299 - Total 470,590 20,914 EXPENDITURE ON Direct trading costs 7,212 - Charitable activities Charitable Activities 460,898 - Total 468,110 - NET INCOME 2,480 20,914 RECONCILIATION OF FUNDS Total funds brought forward 93,458 - TOTAL FUNDS CARRIED FORWARD 95,938 20,914 11. TANGIBLE FIXED ASSETS Improvements Short to leasehold property £ £ COST At 1 January 2022 104,801 15,220 Additions - - At 31 December 2022 104,801 15,220 DEPRECIATION At 1 January 2022 85,732 887 Charge for year 6,355 305 At 31 December 2022 92,087 1,192 NET BOOK VALUE At 31 December 2022 12,714 14,028 At 31 December 2021 19,069 14,333 |
Total funds £ 346,867 80,338 64,299 491,504 7,212 460,898 468,110 23,394 93,458 116,852 Fixtures and fittings £ 157,625 15,603 173,228 128,662 11,098 139,760 33,468 28,963 |
Total funds £ 346,867 80,338 64,299 |
|---|---|---|
| 491,504 | ||
| 7,212 460,898 |
||
| 468,110 | ||
| 23,394 93,458 |
||
| 116,852 |
Page 15
continued...
Proclaimers
Notes to the Financial Statements - continued for the Year Ended 31 December 2022
| 11. TANGIBLE FIXED ASSETS - continued Motor vehicles £ COST At 1 January 2022 5,971 Additions - At 31 December 2022 5,971 DEPRECIATION At 1 January 2022 5,864 Charge for year 27 At 31 December 2022 5,891 NET BOOK VALUE At 31 December 2022 80 At 31 December 2021 107 12. STOCKS Stocks 13. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR Trade debtors Other debtors Prepayments 14. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR Bank loans and overdrafts (see note 16) Trade creditors Social security and other taxes VAT Other creditors Accruals and deferred income |
Computer equipment £ 35,855 3,947 39,802 20,287 4,446 24,733 15,069 15,568 31.12.22 £ 173 31.12.22 £ 12,728 4,158 1,854 18,740 31.12.22 £ 10,000 4,435 2,833 3,697 13,335 10,041 44,341 |
Totals £ 319,472 19,550 |
Totals £ 319,472 19,550 |
|---|---|---|---|
| 339,022 | |||
| 241,432 22,231 |
|||
| 263,663 | |||
| 75,359 | |||
| 78,040 | |||
| 31.12.21 £ 167 31.12.21 £ 4,929 6,329 507 11,765 31.12.21 £ 10,000 8,169 2,901 - 11,730 3,397 36,197 |
|||
| 36,197 |
Page 16
continued...
Proclaimers
Notes to the Financial Statements - continued for the Year Ended 31 December 2022
| 15. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR 31.12.22 £ Bank loans (see note 16) 25,000 16. LOANS An analysis of the maturity of loans is given below: 31.12.22 £ Amounts falling due within one year on demand: Bank loans 10,000 Amounts falling between one and two years: Bank loans - 1-2 years 10,000 Amounts falling due between two and five years: Bank loans - 1-5 years 15,000 17. LEASING AGREEMENTS Minimum lease payments under non-cancellable operating leases fall due as follows: 31.12.22 £ Within one year 9,722 Between one and five years - 9,722 18. MOVEMENT IN FUNDS Net Transfers movement between At 1.1.22 in funds funds £ £ £ Unrestricted funds General fund 95,938 (23,280) 20,914 Restricted funds Hope For Latvia 20,914 - (20,914) TOTAL FUNDS 116,852 (23,280) - |
31.12.21 £ 35,000 31.12.21 £ 10,000 10,000 25,000 31.12.21 £ 17,151 2,182 19,333 At 31.12.22 £ 93,572 - |
|---|---|
| 93,572 |
continued...
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Proclaimers
Notes to the Financial Statements - continued for the Year Ended 31 December 2022
18. MOVEMENT IN FUNDS - continued
Net movement in funds, included in the above are as follows:
| Incoming resources £ Unrestricted funds General fund 468,210 TOTAL FUNDS 468,210 Comparatives for movement in funds At 1.1.21 £ Unrestricted funds General fund 93,458 Restricted funds Hope For Latvia - TOTAL FUNDS 93,458 Comparative net movement in funds, included in the above are as follows: Incoming resources £ Unrestricted funds General fund 470,590 Restricted funds Hope For Latvia 20,914 TOTAL FUNDS 491,504 |
Resources Movement expended in funds £ £ (491,490) (23,280) (491,490) (23,280) Net movement At in funds 31.12.21 £ £ 2,480 95,938 20,914 20,914 23,394 116,852 Resources Movement expended in funds £ £ (468,110) 2,480 - 20,914 (468,110) 23,394 |
|---|---|
continued...
Page 18
Proclaimers
Notes to the Financial Statements - continued
for the Year Ended 31 December 2022
18. MOVEMENT IN FUNDS - continued
A current year 12 months and prior year 12 months combined position is as follows:
| Unrestricted funds General fund Restricted funds Hope For Latvia TOTAL FUNDS |
At 1.1.21 £ 93,458 - 93,458 |
Net movement in funds £ (20,800) 20,914 114 |
Transfers between funds £ 20,914 (20,914) - |
At 31.12.22 £ 93,572 - |
|---|---|---|---|---|
| 93,572 |
A current year 12 months and prior year 12 months combined net movement in funds, included in the above are as follows:
| Unrestricted funds General fund Restricted funds Hope For Latvia TOTAL FUNDS |
Incoming resources £ 938,800 20,914 959,714 |
Resources Movemen expended in funds £ £ (959,600) (20,800 - 20,914 (959,600) 114 |
Resources Movemen expended in funds £ £ (959,600) (20,800 - 20,914 (959,600) 114 |
|---|---|---|---|
| 114 |
Hope for Latvia - to provide care and financial support primarily to families stricken by poverty in the former Soviet State of Latvia.
19. RELATED PARTY DISCLOSURES
The company has an overdraft facility of £17,500. Mr BT Rawls has provided a personal guarantee in respect of this amount.
20. RECONCILIATION OF NET (EXPENDITURE)/INCOME TO NET CASH FLOW FROM OPERATING ACTIVITIES
| OPERATING ACTIVITIES | ||
|---|---|---|
| 31.12.22 | 31.12.21 | |
| £ | £ | |
| Net (expenditure)/income for the reporting period (as per the | ||
| Statement of Financial Activities) | (23,280) | 23,394 |
| Adjustments for: | ||
| Depreciation charges | 22,230 | 18,056 |
| Interest paid | 1,010 | 601 |
| (Increase)/decrease in stocks | (6) | 4 |
| (Increase)/decrease in debtors | (6,975) | 3,277 |
| Increase in creditors | 8,144 | 867 |
| Net cash provided by operations | 1,123 | 46,199 |
continued...
Page 19
Proclaimers
Notes to the Financial Statements - continued for the Year Ended 31 December 2022
21. ANALYSIS OF CHANGES IN NET FUNDS
| At 1.1.22 | Cash flow | At 31.12.22 | |
|---|---|---|---|
| £ | £ | £ | |
| Net cash | |||
| Cash at bank and in hand | 98,077 | (29,436) | 68,641 |
| 98,077 | (29,436) | 68,641 | |
| Debt | |||
| Debts falling due within 1 year | (10,000) | - | (10,000) |
| Debts falling due after 1 year | (35,000) | 10,000 | (25,000) |
| (45,000) | 10,000 | (35,000) | |
| Total | 53,077 | (19,436) | 33,641 |
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Proclaimers
Detailed Statement of Financial Activities for the Year Ended 31 December 2022
| 31.12.22 | 31.12.21 | |
|---|---|---|
| £ | £ | |
| INCOME AND ENDOWMENTS | ||
| Donations and legacies | ||
| Donations | 289,566 | 296,299 |
| Gift aid | 55,502 | 50,568 |
| 345,068 | 346,867 | |
| Other trading activities | ||
| Lettings income | 82,187 | 71,304 |
| Beverage sales | 12,735 | 5,259 |
| Catering events | 12,649 | 3,775 |
| 107,571 | 80,338 | |
| Other income | ||
| Government grants | 15,571 | 64,299 |
| Total incoming resources | 468,210 | 491,504 |
| EXPENDITURE | ||
| Other trading activities | ||
| Opening stock | 167 | 171 |
| Purchases | 16,264 | 7,208 |
| Closing stock | (173) | (167) |
| 16,258 | 7,212 | |
| Charitable activities | ||
| Wages | 161,276 | 131,995 |
| Social security | 8,174 | 6,803 |
| Pensions | 8,339 | 7,461 |
| Hire of plant and machinery | 18,295 | 20,485 |
| Rent | 108,983 | 126,349 |
| Rates and water | 2,121 | 2,605 |
| Insurance | 6,420 | 6,339 |
| Light and heat | 27,555 | 18,290 |
| Telephone | 2,268 | 3,253 |
| Postage and stationery | 532 | 537 |
| Advertising | 8,874 | 3,134 |
| Sundry expenses | 582 | 521 |
| Licences and subscriptions | 4,290 | 4,458 |
| Equipment and resources | 13,136 | 8,994 |
| Gifts and donations | 6,863 | 9,982 |
| Accountancy | 9,080 | 8,440 |
| Bank charges | 722 | 666 |
| Client hospitality | 1,263 | 1,896 |
| Travelling | 24,891 | 32,024 |
| Carried forward | 413,664 | 394,232 |
This page does not form part of the statutory financial statements
Page 21
Proclaimers
| Charitable activities Brought forward Legal and professional fees Events and guest speakers Repairs and renewals Cleaning Disallowed input VAT Short leasehold Improvements to property Fixtures and fittings Motor vehicles Computer equipment Support costs Finance Bank loan interest Total resources expended Net (expenditure)/income |
Detailed Statement of Financial Activities for the Year Ended 31 December 2022 31.12.22 31.12.21 £ £ 413,664 394,232 5,081 6,544 13,253 7,210 11,817 20,143 8,177 8,062 - 6,050 6,355 6,355 304 304 11,098 6,210 27 36 4,446 5,151 474,222 460,297 1,010 601 491,490 468,110 (23,280) 23,394 |
Detailed Statement of Financial Activities for the Year Ended 31 December 2022 31.12.22 31.12.21 £ £ 413,664 394,232 5,081 6,544 13,253 7,210 11,817 20,143 8,177 8,062 - 6,050 6,355 6,355 304 304 11,098 6,210 27 36 4,446 5,151 474,222 460,297 1,010 601 491,490 468,110 (23,280) 23,394 |
|---|---|---|
| 460,297 601 |
||
| 468,110 | ||
| 23,394 |
This page does not form part of the statutory financial statements
Page 22