2023-12-31-accounts

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 2023

for

Proclaimers

CUNNINGHAMS Number Sixty One Alexandra Road Lowestoft Suffolk NR32 1PL

Proclaimers

Contents of the Financial Statements for the Year Ended 31 December 2023

		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	21
Detailed Statement of Financial Activities	22	to	23

Proclaimers

Report of the Trustees for the Year Ended 31 December 2023

The Trustees present their annual report together with the financial statements of Proclaimers for the year 1 January 2023 to 31 December 2023. 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 2023

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.

We have a Sunday morning service every week. It has been encouraging to see the increase in new people and families attending the services regularly. The tithes and offerings have fluctuated throughout the year and this does have an impact on our finances.

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; Love Ipswich; Connect Groups and a variety of volunteer Teams.

All our programmes take place onsite where people can meet in person. We do however, continue to offer some hybrid programmes, including livestreaming our Sunday morning service, for those who prefer to join us online.

We ran two very successful community programmes this year. The first was our Easter Party on Good Friday where we invited members of the community to enjoy a fun morning for the family. We provided refreshments and entertainment for the children which included face paints, crafts, games and Easter egg hunts. We had 200 visitors attending, many of whom were first time visitors. The second programme was GloFest which was an alternative Halloween party for primary school aged children and their parents. We trialled this last year and following its success we ran it again this year where we had over 40 people attend the party this year.

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 567 hampers and treat boxes, 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, 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. 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, particularly during the last quarter of 2023. We have added a number of new clients but we have found the cost-of-living crises has been a challenge for both our clients and ourselves. 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:

Ministry in Thailand. This year Bobby Rawls has visited Thailand to offer support, training and teaching to various churches in Thailand. He is well placed to do this and he speaks Thai and knows the culture very well.

Page 2

Proclaimers

Report of the Trustees

for the Year Ended 31 December 2023

OBJECTIVES AND ACTIVITIES

Compassion, a child-sponsorship programme. Through our on-going support we have been able to sponsor 70 children, predominantly in the nation of Togo, West Africa.

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 2023 were £57,890 (2022: £93,572), all of which were unrestricted. 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 2023

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 6 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 8 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 2023

Trustees

Miss A S Herbert (Resigned 01.11.2023) 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 3 July 2024 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 2023.

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:

1. accounting records were not kept in respect of the Company as required by Section 386 of the 2006 Act; or

2. the accounts do not accord with those records; or

3. 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

4. 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

5 July 2024

Page 6

Proclaimers

Statement of Financial Activities for the Year Ended 31 December 2023

Unrestricted fund Notes £ INCOME AND ENDOWMENTS FROM Donations and legacies 2 338,807 Other trading activities 3 138,947 Investment income 4 254 Other income - Total 478,008 EXPENDITURE ON Direct trading costs 5 14,917 Charitable activities 6 Charitable Activities 498,773 Total 513,690 NET INCOME/(EXPENDITURE) (35,682) RECONCILIATION OF FUNDS Total funds brought forward 93,572 TOTAL FUNDS CARRIED FORWARD 57,890	Restricted fund £ - - - - - - - - - - -	31.12.23 31.12.22 Total Total funds funds £ £ 338,807 345,068 138,947 107,571 254 - - 15,571 478,008 468,210 14,917 16,258 498,773 475,232 513,690 491,490 (35,682) (23,280) 93,572 116,852 57,890 93,572

The notes form part of these financial statements

Page 7

Proclaimers

Balance Sheet

31 December 2023

Unrestricted fund Notes £ FIXED ASSETS Tangible assets 12 90,554 CURRENT ASSETS Stocks 13 697 Debtors 14 38,911 Cash at bank and in hand 41,193 80,801 CREDITORS Amounts falling due within one year 15 (64,610) NET CURRENT ASSETS 16,191 TOTAL ASSETS LESS CURRENT LIABILITIES 106,745 CREDITORS Amounts falling due after more than one year 16 (48,855) NET ASSETS 57,890 FUNDS 19 Unrestricted funds TOTAL FUNDS	Restricted fund £ - - - - - - - - - -	31.12.23 Total funds £ 90,554 697 38,911 41,193 80,801 (64,610) 16,191 106,745 (48,855) 57,890 57,890 57,890	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

The charitable company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 December 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 December 2023 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 2023

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 3 July 2024 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 2023

		31.12.23	31.12.22
	Notes	£	£
Cash flows from operating activities
Cash generated from operations	21	(18,555)	1,123
Interest paid		(1,025)	(1,010)
Interest element of hire purchase payments
paid		(2,860)	-
Net cash (used in)/provided by operating activities		(22,440)	113
Cash flows from investing activities
Purchase of tangible fixed assets		(43,941)	(19,550)
Interest received		254	-
Net cash used in investing activities		(43,687)	(19,550)
Cash flows from financing activities
Loan repayments in year		(2,496)	(9,999)
Capital repayments in year		27,875	-
Net cash provided by/(used in) financing activities		25,379	(9,999)
Change in cash and cash equivalents in
the reporting period		(40,748)	(29,436)
Cash and cash equivalents at the
beginning of the reporting period	22	68,641	98,077
Cash and cash equivalents at the end of
the reporting period	22	27,893	68,641

The notes form part of these financial statements

Page 10

Proclaimers

Notes to the Financial Statements

for the Year Ended 31 December 2023

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.

continued...

Page 11

Proclaimers

Notes to the Financial Statements - continued for the Year Ended 31 December 2023

1. ACCOUNTING POLICIES - continued

HIRE PURCHASE AND LEASING COMMITMENTS

The interest element of these obligations is charged to the Statement of Financial Activities over the relevant period. The capital element of the future payments is treated as a liability.

Rentals paid under operating leases are charged to the Statement of Financial Activities on a straight line basis over the period of the lease.

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	31.12.23 £ 289,169 49,638 338,807 31.12.23 £ 98,178 18,701 22,068 138,947	31.12.22 £ 289,566 55,502
		345,068
		31.12.22 £ 82,187 12,735 12,649
		107,571

3. OTHER TRADING ACTIVITIES

continued...

Page 12

Proclaimers

Notes to the Financial Statements - continued for the Year Ended 31 December 2023

4.	INVESTMENT INCOME
		31.12.23	31.12.22
		£	£
	Deposit account interest	254	-
5.	DIRECT TRADING COSTS
	OTHER TRADING ACTIVITIES
		31.12.23	31.12.22
		£	£
	Opening stock	173	167
	Purchases	15,336	16,264
	Closing stock	(697)	(173)
	Bad debts	105	-
		14,917	16,258

continued...

Page 13

Proclaimers

Notes to the Financial Statements - continued for the Year Ended 31 December 2023

6. CHARITABLE ACTIVITIES COSTS

Direct Costs	£
Wages	158,285
Social security	7,404
Pensions	8,428
Hire of plant and machinery	19,280
Rent	104,800
Rates and water	3,257
Events and guest speakers	13,421
Repairs and renewals	12,090
	326,965
Support Costs	£
Bank charges	1,085
Bank interest	606
Bank loan interest	419
Cleaning	12,960
Client hospitality	475
Gifts and donations	7,218
Hire purchase	2,860
Insurance	6,292
Light and heat	39,969
Depreciation	28,745
Telephone	1,725
Postage and stationery	509
Equipment and resources	14,526
Travelling	28,207
Advertising	3,640
Subscriptions	4,959
Sundry expenses	580
	154,775
Governance Costs	£
Accountancy	8,640
Legal and professional fees	8,393
	17,033

continued...

Page 14

Proclaimers

Notes to the Financial Statements - continued for the Year Ended 31 December 2023

7. SUPPORT COSTS

SUPPORT COSTS
		Finance
		£
Charitable Activities		3,885
NET INCOME/(EXPENDITURE)
Net income/(expenditure) is stated after charging/(crediting):
	31.12.23	31.12.22
	£	£
Depreciation - owned assets	28,746	22,231
Hire of plant and machinery	19,280	18,295
Other operating leases	104,800	108,983

8. NET INCOME/(EXPENDITURE)

9. 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.

In addition to this salary, the Charity provided living accommodation to Mr B T Rawls in order to enable the proper performance of the duties associated with his role of Senior Pastor. The total value of the costs incurred in respect of this accommodation within the year was £25,079.

Mrs R McCrum (Trustee) received a gross salary of £17,500 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 2023 nor for the year ended 31 December 2022.

10. STAFF COSTS

Wages and salaries Social security costs Other pension costs The average monthly number of employees during the year was as follows: Employees	31.12.23 £ 158,285 7,404 8,428 174,117 31.12.23 8	31.12.22 £ 161,276 8,174 8,339
		177,789
		31.12.22 8

No employees received emoluments in excess of £60,000.

Page 15

continued...

Proclaimers

Notes to the Financial Statements - continued for the Year Ended 31 December 2023

11. COMPARATIVES FOR THE STATEMENT OF FINANCIAL ACTIVITIES Unrestricted Restricted fund fund £ £ INCOME AND ENDOWMENTS FROM Donations and legacies 345,068 - Other trading activities 107,571 - Other income 15,571 - Total 468,210 - EXPENDITURE ON Direct trading costs 16,258 - Charitable activities Charitable Activities 475,232 - Total 491,490 - NET INCOME/(EXPENDITURE) (23,280) - Transfers between funds 20,914 (20,914) Net movement in funds (2,366) (20,914) RECONCILIATION OF FUNDS Total funds brought forward 95,938 20,914 TOTAL FUNDS CARRIED FORWARD 93,572 - 12. TANGIBLE FIXED ASSETS Improvements Short to leasehold property £ £ COST At 1 January 2023 104,801 15,220 Additions - - At 31 December 2023 104,801 15,220 DEPRECIATION At 1 January 2023 92,087 1,192 Charge for year 6,355 304 At 31 December 2023 98,442 1,496 NET BOOK VALUE At 31 December 2023 6,359 13,724 At 31 December 2022 12,714 14,028

Total funds £ 345,068 107,571 15,571 468,210 16,258 475,232 491,490 (23,280) - (23,280) 116,852 93,572 Fixtures and fittings £ 173,228 2,137 175,365 139,760 8,881 148,641 26,724 33,468

Page 16

continued...

Proclaimers

Notes to the Financial Statements - continued for the Year Ended 31 December 2023

12. TANGIBLE FIXED ASSETS - continued Motor vehicles £ COST At 1 January 2023 5,971 Additions 40,614 At 31 December 2023 46,585 DEPRECIATION At 1 January 2023 5,891 Charge for year 9,311 At 31 December 2023 15,202 NET BOOK VALUE At 31 December 2023 31,383 At 31 December 2022 80 13. STOCKS Stocks 14. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR Trade debtors Other debtors Prepayments 15. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR Bank loans and overdrafts (see note 17) Hire purchase (see note 18) Trade creditors Social security and other taxes VAT Other creditors Accruals and deferred income	Computer equipment £ 39,802 1,190 40,992 24,733 3,895 28,628 12,364 15,069 31.12.23 £ 697 31.12.23 £ 34,566 3,143 1,202 38,911 31.12.23 £ 21,194 3,629 10,913 2,406 3,803 15,491 7,174 64,610	Totals £ 339,022 43,941	Totals £ 339,022 43,941
		382,963
		263,663 28,746
		292,409
		90,554
		75,359
		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
			44,341

continued...

Page 17

Proclaimers

Notes to the Financial Statements - continued for the Year Ended 31 December 2023

16. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

		31.12.23		31.12.22
		£		£
	Bank loans (see note 17)	24,609		25,000
	Hire purchase (see note 18)	24,246		-
		48,855		25,000
17.	LOANS
	An analysis of the maturity of loans is given below:
		31.12.23		31.12.22
		£		£
	Amounts falling due within one year on demand:
	Bank overdrafts	13,300		-
	Bank loans	7,894		10,000
		21,194		10,000
	Amounts falling between one and two years:
	Bank loans - 1-2 years	10,757		10,000
	Amounts falling due between two and five years:
	Bank loans - 2-5 years	13,852		15,000
18.	LEASING AGREEMENTS
	Minimum lease payments fall due as follows:
		Hire purchase contracts
		31.12.23		31.12.22
		£		£
	Net obligations repayable:
	Within one year	3,629		-
	Between one and five years	24,246		-
		27,875		-
		Non-cancellable		operating
			leases
		31.12.23		31.12.22
		£		£
	Within one year	3,343		9,722

continued...

Page 18

Proclaimers

Notes to the Financial Statements - continued for the Year Ended 31 December 2023

19. MOVEMENT IN FUNDS

At 1.1.23 £ Unrestricted funds General fund 93,572 TOTAL FUNDS 93,572 Net movement in funds, included in the above are as follows: Incoming resources £ Unrestricted funds General fund 478,008 TOTAL FUNDS 478,008 Comparatives for movement in funds Net movement At 1.1.22 in funds £ £ Unrestricted funds General fund 95,938 (23,280) Restricted funds Hope For Latvia 20,914 - TOTAL FUNDS 116,852 (23,280) Comparative net movement in funds, included in the above are as follows: Incoming resources £ Unrestricted funds General fund 468,210 TOTAL FUNDS 468,210

Net movement At in funds 31.12.23 £ £ (35,682) 57,890 (35,682) 57,890 Resources Movement expended in funds £ £ (513,690) (35,682) (513,690) (35,682) Transfers between At funds 31.12.22 £ £ 20,914 93,572 (20,914) - - 93,572 Resources Movement expended in funds £ £ (491,490) (23,280) (491,490) (23,280)

continued...

Page 19

Proclaimers

Notes to the Financial Statements - continued for the Year Ended 31 December 2023

19. MOVEMENT IN FUNDS - continued

A current year 12 months and prior year 12 months combined position is as follows:

		Net	Transfers
		movement	between	At
	At 1.1.22	in funds	funds	31.12.23
	£	£	£	£
Unrestricted funds
General fund	95,938	(58,962)	20,914	57,890
Restricted funds
Hope For Latvia	20,914	-	(20,914)	-
TOTAL FUNDS	116,852	(58,962)	-	57,890

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 TOTAL FUNDS	Incoming Resources Movement resources expended in funds £ £ £ 946,218 (1,005,180 ) (58,962) 946,218 (1,005,180 ) (58,962)	Incoming Resources Movement resources expended in funds £ £ £ 946,218 (1,005,180 ) (58,962) 946,218 (1,005,180 ) (58,962)
		(58,962)

Hope for Latvia - to provide care and financial support primarily to families stricken by poverty in the former Soviet State of Latvia.

20. 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.

21. RECONCILIATION OF NET EXPENDITURE TO NET CASH FLOW FROM OPERATING ACTIVITIES

ACTIVITIES
	31.12.23	31.12.22
	£	£
Net expenditure for the reporting period (as per the Statement of
Financial Activities)	(35,682)	(23,280)
Adjustments for:
Depreciation charges	28,745	22,230
Interest received	(254)	-
Interest paid	1,025	1,010
Interest element of hire purchase and finance lease rental payments	2,860	-
Increase in stocks	(524)	(6)
Increase in debtors	(20,171)	(6,975)
Increase in creditors	5,446	8,144
Net cash (used in)/provided by operations	(18,555)	1,123

continued...

Page 20

Proclaimers

Notes to the Financial Statements - continued for the Year Ended 31 December 2023

22.	ANALYSIS OF CASH AND CASH EQUIVALENTS
			31.12.23	31.12.22
			£	£
	Cash in hand		572	581
	Notice deposits (less than 3 months)		40,621	68,060
	Overdrafts included in bank loans and overdrafts falling due within one year		(13,300)	-
	Total cash and cash equivalents		27,893	68,641
23.	ANALYSIS OF CHANGES IN NET FUNDS/(DEBT)
		At 1.1.23	Cash flow	At 31.12.23
		£	£	£
	Net cash
	Cash at bank and in hand	68,641	(27,448)	41,193
	Bank overdraft	-	(13,300)	(13,300)
		68,641	(40,748)	27,893
	Debt
	Finance leases	-	(27,875)	(27,875)
	Debts falling due within 1 year	(10,000)	2,106	(7,894)
	Debts falling due after 1 year	(25,000)	391	(24,609)
		(35,000)	(25,378)	(60,378)
	Total	33,641	(66,126)	(32,485)

Page 21

Proclaimers

INCOME AND ENDOWMENTS Donations and legacies Donations Gift aid Other trading activities Lettings income Beverage sales Catering events Investment income Deposit account interest Other income Government grants Total incoming resources EXPENDITURE Other trading activities Opening stock Purchases Bad debts Closing stock Charitable activities Wages Social security Pensions Hire of plant and machinery Rent Rates and water Insurance Light and heat Telephone Postage and stationery Advertising Sundry expenses Licences and subscriptions Equipment and resources Gifts and donations Carried forward

Detailed Statement of Financial Activities for the Year Ended 31 December 2023 31.12.23 31.12.22 £ £ 289,169 289,566 49,638 55,502 338,807 345,068 98,178 82,187 18,701 12,735 22,068 12,649 138,947 107,571 254 - - 15,571 478,008 468,210 173 167 15,336 16,264 105 - (697) (173) 14,917 16,258 158,285 161,276 7,404 8,174 8,428 8,339 19,280 18,295 104,800 108,983 3,257 2,121 6,292 6,420 39,969 27,555 1,725 2,268 509 532 3,640 8,874 580 582 4,959 4,290 14,526 13,136 7,218 6,863 380,872 377,708

This page does not form part of the statutory financial statements

Page 22

Proclaimers

Charitable activities Brought forward Accountancy Bank charges Client hospitality Travelling Legal and professional fees Events and guest speakers Repairs and renewals Cleaning Short leasehold Improvements to property Fixtures and fittings Motor vehicles Computer equipment Support costs Finance Bank interest Bank loan interest Hire purchase Total resources expended Net expenditure	Detailed Statement of Financial Activities for the Year Ended 31 December 2023 31.12.23 31.12.22 £ £ 380,872 377,708 8,640 9,080 1,085 722 475 1,263 28,207 24,891 8,393 5,081 13,421 13,253 12,090 11,817 12,960 8,177 6,355 6,355 304 304 8,880 11,098 9,311 27 3,895 4,446 494,888 474,222 606 - 419 1,010 2,860 - 3,885 1,010 513,690 491,490 (35,682) (23,280)

This page does not form part of the statutory financial statements

Page 23