REGISTERED COMPANY NUII(BtR: 06088250 (Li llgland and Wales) RE( GISTERED CHARITY NUMBER: 1120306 Re ort of the Trustees and Unaudited Financial Stalements for the Year Ended 31 December 2 24 for Proclaimer5 CUNNINGHAMS Number Sixty One Alexandra Road Lowestoft Suffolk NR32 IPL
Proclalmers Contents of the Finanefial Statements for the Year Ended 31 December 2024 Page Report of the Trustees Independent Examiner's Report Statement of Financial Activities Balance Sheet 8 to 9 Cash Flow Statement io Notes to the Financial Statements 11 to 21 Detailed Statement of Financial Activities 22 to 23
Proclalmers ort of the Trustees for the Year Ended 31 Decernber 2024 The Trustees present their annual report together with the fmancial statements of Proclaimers for th¢ year l January 2024 to 31 December 2024. The Trustees confJrD] that the Anllual Report and finan¢ial statements of the company comply with the current Statutory requir¢m¢nts, th¢ rquirejnents of the company's governing docurnent and the provisions of th¢ Statejnent of Recommended Practice (SORP), applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicabl¢ in the uri and Republic of Ireland (FRS 102) (effective I January 2015) ay amended by Update Bulletin l (effective l January 2015). Since the company qualifies as small under section 3 83, the strategic report required of medium and large companies under The Companies Act 2006 (Strategic Report alld Director's Report) Regulations 2013 is not requir¢d, The COLnpany also trades under the name Th¢ Spe,. Introduction Proclaimers is a modern church that loves God alld loves people. We are dedicated to helping people connect with God and cot]nect with their destiny. We believe Church should be welcoming, accessible and relevant. We are one cburch in 2 location5, with campuse5 in Norwich and Ipswich, Proclaim¢rs is &ll AOG church. Proolaimtrs also operates The Space which is a social enteryrise facility that provides space to businesses, community groups an(l organisation5 for training, conferences, seminars, workshops, preselltations, laullches, exhibitions and more, Our clients include local councils, local businesses from SMES to large national and n]ultinational corporations, local and national clwities and third sector organisations etc, in and around Norwich. OBJECTIVIS AND ACTIVITIES Policies and objectives The vision and objective of Pmclaimers is The Salvatioll of our City. This vision shapes everything we do every prOgne we every sthvice we hold - it is all about seeing the people of Norwich and Ipswich connect with Jesus. Our mission is.. Reach people. Influence wlture, Build future, Our mission is to reach people for Christ and infiuence culture by building a large Church in Norwich ]d Ipswich. to disciple and empower people in ¢very area of life and shape the future of our city and beyond. tn accordance with our objectiv¢s, we have a healthy organisation that is expanding in reach and effectiveness. Our prillcipal funding Source is the tithes and offerings of tbe church. Our people are genorous giver5. With the addition of fimds frotn our social enterprise, The Space, we are able to have extra income nwle available to lfIl our objectives. Page I
Proclaimers ort of the Trustees for the Year Ended 31 December 2024 OBJECTIVES AND ACTIVIT]LI S Slgnlfieant aetlvltles Impacting our world - Publle Benefit through charltable aetlvlti When planning our activities for the year, the Directors considered th¢ Commission'5 guidance on public benefit alld, in particular, the sperific guidance on charities for the advancement of religion. The Directors confirni that, in exercising their powers and duties, they have complied with their duty to have duo regard to the guidaace on public benefit publisbed by the Charity Con]mission. The charitys work Continues to focus on progran)rnes and services wbich promote the Church'5 vision, objectives and mission, We have & Sunday mon]ing seiCe every week. It has been encournging to see the increase ill new people and families attending the services regularly. The titbes and offerings have fluctuated d)roughout the year attd this does have an irnpact on our finances. Alongside our weekly Sunday services, we also had a nujnber of social initiatives and programmes.These were: Parents and Babies (Ages O-l). Proclaimers Kids (Ages 1-10). Fearless (Ages 11-17). One (Ages 18-25). Proclaimers Farllilies. Prime (Ages 26+}. tnspire (Ages 40+). The Hope Initiative. Groups and a variety of volulltser Tearos. All our programmes tal place onsite wher¢ people can meet io person. We do however, continue to offer some hybrid programmes, including livestreattllng our Sunday morning service, for those who pr¢fer to join us online. We ran three very suCLesSl community progrnnmies this year, under The Hope Initiative which is our commuality outreach programme. The frst was our Easter Paty on Good Friday where we invited members of the con)munity to enjoy a morning for all the family. We provided refres]]ments and entertainment for the chil¢fren wlLi¢h included fa¢¢ paints, crafts, games and Eastsr egg hunts. We had 277 visitors attending, nmny of whom were first tim¢ visitors as well as vi8ltors r¢tLllYiing from the East¢r Paty in 2023. The second progranllne was GloFest which was an alternative Halloween paty for primary school aged childrell and their parents. W¢ trialled this in 2022 and following its success we now run this ¢vent every year, This y¢aT we had 40 people attend the party even though it was a ½ term week. The third event we planned this year was our Winter Wonderland p'ty for families ill December. Families joined us for a morlling of bouncy castles and fun activities. We had over 250 people join us for this event. The Hope Initiative also rall our annual Christmas Hamper campaign this year. We collectsd items and don&tion3 to reate luxury hamp¢rs whith wntained a Christmas meal for 4 all the trinllnings. Wo also supplied a voucher for the fresh food. We were able to distriTrute 537 hamper5 and treat boxes, acroqs Norwich and Ipswich, to those in need via our partnersbÉp with other Eocal agencieg. We valu¢ the relationships we have been able to build with these parM¢r organisations as it helps us to ensure the hafftpe aTe given to those most Ill need. These agencies work with families with complex needs, young carers, donw3ti¢ violence survivors, to natne just a portion of th¢ work they do. Our pastoral care team has continued to help those who are sick and in ne¢d of personal care well as providing support and a listening ear to those who suffered losses due to the death of family membds and loved ones. We offered signposting to professional services where needed. This year we have run a few successful pre-marriage colle8 for young couples. We also assisted new mums by providing practical support such as dropping meal8 off to them and giving parenting advice in the fwst few weeks of parenthood. The Space has seen &n increase in revenue this year. The nature and type of bookings and new clients bave ch]ged aguitt over the ¢ours¢ of the y¢ar and wo are looking at the best way in whicb to adapt to these challges in a positive way. This Y., we Worked alongside CaTeer Ready and offered work experience to 2 A-level students for 4 weeks. We ran mater classes f. th¢ students in marketing, teclL daily budgets and fjnances and custorner services. It was a valuable and worthwhile experience for all those involved. Page 2
Pro¢lAime ort of the Trustees for the Year Ended 31 Deeember 2024 OBJECTIVES AND ACTIVITIES Impact beyond our world - Public benefit We have been regularly supporting missionary endeavours overseas. This year we have supported the following projects and ministries., Ministy in Thailand. This year Bobby Rawls hes visitsd Tbailand to offeT SUPPOrt, training and teaching to various churches in Th&iland, He is well placed to do this and he speaks Thai and knows the culMre very well. Compassion, a child-sponsorship progrdnllne. Through our on-going support we have been able to sponsor 70 childre predominantly in the llation of Togo, West Afiica. Scott Wilson in Dennwk, coaching and llLentoring lead¢rs for greater impact throughout Europe and in the Utc. Scotvs work has proyen to be invaluable to ¢huKh leaders, Scott also rulls 2 conferences in Europe called Eurolead. Our tea are very involved in the organisation of these conferences. FINANCIAL REVIEW Reserves policy The total r¢serv¢s as at 31 De¢¢mber 2024 w¢re £51,809 (2023.. £57,890), all of which were unrestricted. The need for day-to-day working capital is being met by carefid cash flow nllageMellt. The director's target is to increase the level of free reserves through careful MaTe[ent of future gifts 2nd donations. The directors consider that free reserves equating to approximately three months expenditure would Provide an adequate buffer for the tUre but consider that the charity's mission will always take precedence over the accumulation of reserv¢s. Coing concern After making appropriats enquiries, the trustees have a reasonable expectation that the Lpotnpany has adequate resources to continue in operational existence for the foreseeable fllt.e. For tbis re&son they contsnue to adopt the going concem basis in pirparing the fu¢la1 statements. STRUCTU1, GOVERNANCE AND MANAGEMENT Covernlng document The chai'ity is controlled by its governing documenL a deed of trust, and constitlttes a limited company, limited by guarantee, as defjned by the Companies Act 2006. Charfity constltutlon The company is r¢gister¢d as a charitable Company limited by guarantee and was set up by a Memorandum of Associatioll on 7th Febrnary 2007. The company is constiknted under a Memorandum of Association dated 7th February 2007 and is a registered charity nuttther 1120306. The principal object of tbe 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 trnstees The tllallagement of the company is the responsibility of the Truste¢s who ar¢ elected and co-opted under the terLllS of the Articles of Association. Page 3
Proclafimers Re ort of the Trustees for the Year Ended 31 December 2024 STRUCTURE, COVERNANCE AIYD MANAGEMENT Organisatlonal Strueture The organisation is a charitable company limited by guarantee, incorporatod on 7th February 2007 and registered as a clwity on 27th July 2007. Th¢ company wa5 ¢Stablish¢d under a Memorandurn of Association which set out the objects and powers of the cbaritable company and is governed Under its Articles of Association. We currently have 6 directors. The direotor5 of the oon)pany are also charity trustses for the purposes of charity law. The company h&s delegated day to day running to the Managing Director, Bobby Thotnas Rawls. The Managing Director worlcs with the other Directors and employees of the compally on a day-to-day level, In tLlll1 the directors meet every quarter policy updates, fidl reports and any new business deemed important for the Directors to consider. W¢ ar¢ all working well with llo tension or probIen, Directors are recruited by thv 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. Risli Management ha8 been reviewed and policies and procedures are in place, Financial risks are nlonitored r¢gularly. Internal control risks are minimiged by the impl¢m¢ntation of procedures for authorisation of all transactions. Procedures are in place to ¢nsure ¢ompliance with health and safety of staff, volunteers and visitors to our preftnises. 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 Oll a regular basis. The leadership structtwe is flowing SEnoothly with Bobby Thomas Rawls as l£ad Pastor of the church and Managing Director of the compally. We have 8 paid staff working for the Church and The Space in both a full tinte and part time capacity. Beside this administrative structure mentioned above we have regular volunteer ministry tearn Meetings with other members of the leadership team, who have specific responsibilities for heading up and running various tninistiies within the Church. All Directors are regularly kept up to date on changing laws, policies and procedures of the Charity Commission. REFERENCE AIYD ADMINISTRATIVE DETAILS Registered Company number 06088250 (England and Wales) Registered ChariÉy number 1120306 Registered offiee Ibe Space Roulldtree Way Norwich Noi'follc NR7 8SQ Page 4
clalmers ortof he Ye*r Ended 3 for De Trugtee$ Mr M. A Hodd¢r Mr B T Rawls Dr P M Temple Dr H Turnple.Reddlsh Mr. D P Mlddl¢ton Ms R Mccrum Chl¢f exeeutivt of(leer MT B T Rawls Company ¥tcr¢t&ry Ms R M¢Crum Independettt Examlner Ms Ra¢hBI Gamharn FCCA CUNNINGHAMS Number Sixty One Alexandra Road Lowestoft Suffolk NR32 IPL Approvedby Order of thE board of trustses on 13.., . 2025 and Signed on its b¢hil£by: Mr B T Rawls- Thistse P48e 5
Inde endent Examjner's Re ort to the Trustees of Proclaimers Independent examiner'5 report to the trustees Df Pyoclaimers Cthe Company,) I report to the charity trustees on my examination of the accounts of the Company for the Ye ended 31 December 2024. Responslbilities and b&sis of report As the charity's trustees of the Company (and also its directors for the purposes of company law) you are Tesponsible for the preparation of the accounts in accordance with the requirements of the Companies Act 2006 {'the 2006 Act?. FIaving satisfied myself that the accounts of the Company are not required to be audited un(kr Part 16 of the 2006 Act and are eligible for independent examination, I report in respect of my examination of your charity's a¢¢ouuts as carried out under Section K45 of the Charities Act 2011 (kne 2011 Act). In carrying out my exaEnination I have followed the Direction5 given by the Charity Commiysion under Section 145(5) (b) of the 2011 Art, Jndependent examiner's statement Since your charity'5 gross income exceeded £250,000 yow examiner must be a member of a listsd boty. I can conf that l am qualified to undertalce the exalation because I am a rnember of tbe Association of Chartered C¢)rtified Accountants, which is on¢ of th¢ list¢d bodÉes. I have completed my examination. I ¢onfllin that no matters have corne 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 a¢¢oullts do not comply with the accounting requirenents of Section 396 of the 2006 A¢t other tlwi 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 th¢ Statenient of RecoTnmended Practice for accounting and reporting by charities (applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UIC and Republic of Ireknd (FRS 102)). I have no concerns and have come across no other matters in conne'ction with tho examinatii)n to which attention should be drawn in this report iti order to enable a proper understanding of the accounts to be reached. Ms Rach¢L Garnham FCCA CUNNINGHAMS Number Sixty Olle AloxandTa Road Lowestoft Suffo]k NR32 IPL ..2025 Page 6
Proclaimers Stalemellt of Flnancial Activities for the Year Ended 31 December 2024 31.12.24 Total runds 31.12.23 Total fimds Unrestricted fund Restricted fLmd Notes INCOME AI¥D ENDOWMENTS FROM Donations and legacieb 349,599 349,599 338,807 OttLor trading activities Investment income 148,441 780 148,441 780 138,947 254 Total 498,820 498,820 478,008 I XPENDrruRE ON Dir¢¢t trading costs 15,854 15,854 14,917 Charitable activities Charitable Activities 489,047 489,047 498,773 Total 504,901 504,901 513,690 NII T INCO1 /(EXPENDflURE) (6,081) (6,081) (35,682) RECONCILIATION OF &UNDS Total fimds brought forward 57,890 57,890 93,572 TOTAL FUNDS CARRIED FORWARD 51,809 51,809 57,890 The notes forn] part of these financial StateentS Page 7
Proclaimers Balance Sheet 31 December 2024 31.12.24 Total funds 31.12.23 Total funds Unrestricted fid Restrictsd fimd Notes FIXED ASSETS Tangible assets 12 66,272 66,272 90,554 CURRENT ASSETS Stocks Debto Cash at bank and in hand 13 14 681 8,345 69,176 681 8,345 69,176 38,911 41,193 78,202 78,202 80,801 CREDITORS Amounts falling due within one year 15 (53,122) (53, l22) (64,610) NET C'URREIYT ASSETS 25,080 25,080 16,191 TOTAL ASSETS LESS CURRENT LIABILITIES 91,352 91,352 106,745 CREDITORS Amounts falling due after more than one year 16 (39,543) {39,543) (48,855) NET ASSETS 51,809 51,809 57,890 FUNDS Unrestricted fid3 19 51,809 57,890 TOTAL FUNDS 51,809 57,890 The charitable company is entitled to ¢x¢mption from audit under Section 477 of the Companies Act 2006 for the year ended 31 December 2024. The rnetnbers have not required the company to obtain an audit of its fllvancial statetllents for the year ended 3 1 December 2024 in accordance with Section 476 of the Companies Act 2006. Th¢ trust¢e$ acknowledge their responsibilities for (a) ensuring that the charitable company keeps accounting records that comply with Sections 386 and 3 87 of the Companies Act 2006 and preparing fanCIal statements which give a and fair view of the state of affairs of the charitable company as at the end of each fmancial year and of itg surplus or deficit for each fmancial year in a¢¢ordan¢e with the requirernents of Sections 394 alld 395 and which otherwise con]ply with the requirements of the Companie¥ Act 2006 relating to fjnancial statom¢nts, so far as applicable to tbe charitable company, (b) The notes forni part of these funCIal slatements Page 8 continued...
Thes¢ fjnancml statements have been prepared IXL aeeordanR the provtsioni applicable ro ¢h8ti'thbl¥ eomponhg $ubJ¢ct io the small compaijigs regllne. The fman¢lal statements were approved by thE Board of TnJst¢es #nd 4hOrI1ed for E58U¥ -.2025 and were sied on ILI behalf by; B T Rawls~ TnL%le¢ not&8 furtn pntt u¢thesu fth#nriolstsi£ements
Proclaimers Cash Floiv Slatement for the Year Ended 31 December 2024 31.12.24 31.12.23 Notes Cash llows from operating activlties Cash generated from operations Interest paid Interest elejnent of hire purchase paym¢llts paid 21 44,651 (1,808) (18,555) (1,025) (2,849) (2,860) Net cash wovided byl(used ill) operating activities 39,994 (22,440) Cash floiY5 from investing activiti48 PurGhas¢ of tangible fed &8sets tnterest received (43,941) 254 780 Net cash provided by/(used in) investing activities 780 (43,687) Cash flows from finanelng aL4ivitles Loan repayments in year Capital repaymentg in year (2,540) (3,629) (2,496) 27,875 Net cash (used in)Iprovided by fmancing activities (6,169) 25,379 Change in cash and cash equiyalents in the reportlng perlod Cash and cash equivalellts at the beginning of the reporting period 34,605 (40,748) 22 27,893 68,641 Cash and cash equivalents at the end of the reporting period 22 62,498 27,893 The nirtes fi)nn part of these financial statements Page 10
ProcIaimers Notes to the Financial Statements for the Year li nded 31 December 2024 ACCOULYTING POLICIs BASIS OF PREPARINC 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 accoullts in accordance with the f¥inancial Reporting Standard applicable in the UK and Republic of Ir¢land (FRS 102) (eff¢¢tive l January 2019),, Financial R¢portillg Standard 102 'Tho Financial Reporting Standard applicable in the UK and Republic of Irelaud, and the compEIeS Act 2006. The fmancial statements haye b¢on prepared uuder the historir&l cost nvention, INCOME All income is recognised ill the Statement of FI]l¢la1 Activities once the charity has entitlement to the fimds, it is probable that th¢ inrome will be received and the aLllount can be measured reliably. InGome tax recoverable in relation to donation received under Gift Aid or deeds of covenallt is recognised at the time of th¢ donation. Income from other trading activities includes lettings income front office space, b¢v¢rage sales alld income derived from catering events. EXPETrIDITURE Liabilities are recogllised as expenditure as soon as there is a legal or constructive obligation con]mitting' the chaTity to that expe.nditure. it is probable that a transfer of economic benefits will be required in SettIenTht and the amount of the obligation can be measured reliably. Expenditure is accounted foT on an accruals basis and hay been classified ullder headings that aggregate all oost related to the category. Where costs cannot be directly attributed to particular headings they have been allocated to activities on a basis Gonsistellt with tIie use of resources. Irrecovetzble VAT is Lharged as expense against the activity for which expenditure arose. TANGLE FIXED ASSETS Depreciation is provided at the following annual rates in order to write off each asset over its ¢stinted usethl Short leasehold Improvements to propei'ty Fixtureg and fittings Motor vehicles Coinputer equipment over term of lease 2% oncost 25Yo on reducing balance 250/0 on reducing balance 250/0 on r¢ducing balance STOCKS Stocks are v&lued at the lower of cost and net realisable value, after making du¢ allowance for obsolete and slow oving items. TAXATION The charity is exempt from Corporation tax on its charitable activities. FUND ACCOUNTING Unrestricttd flmds can be us¢d in wcordance with the charitable objectives at the discretion of the trustees. Restrict funts can only be used for particth restricted purposes within the objects of the charity. Restrictions arise when specified by tbe donor or when fimds are izised for particular restricted purposes. Further explanation of the nature and purpose of each fund is ]ncILed in th¢ notes to the financial statements. Page 11 continued...
Proclaimers Notes to the Financial Statements - continued for the Year Elided 31 December 2024 ACCOUNTING POLICIES - COlltillu¢d HIRE PURCHASE AI¥D LEASING COmMITTrIEs The interest element of these obligations is charged to the Statement of Financial Activities over the relevant period. The capital element of the payn]ents is treated as a liability. Rentals paid under operating leages are charged to the Statement of Financial Activities on a straight line basis over the period of the leaso, Assets acquired under finance leases are capxtalised and depreciated over the shorter of the lease tsnn and the expected useful life of the asseL Minin]um lease payments are apportioned between the fll]an¢e ¢haTg¢ and the reduction of the outstsnding lease liability using the effective interest Jnethod. The related obligations, net of future finance charges, ar¢ included in creditors. R¢ntals 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-RETIREMEiYf BENEFITS The charitable conlpaiiy operates a defined contribution pension scheme. Contributio]ts payable to the charitable company's pension scheme are charged to the Ststoment of Financial Activities in the p¢riod to which they relate. GOING COIYCERN The fmancial statements have been prepared on a going concern b&sis as the trustees believe that no material uncertainties exist. The trustees have considered the level of funds held and the expected level of incorne and expenditure for 12 months frotn authorising the financial statements. The budgeted illcome and expenditure is sufficient with the lev¢1 of reserves for the charity to be able to continue as a going concenL FINANCIAL INSTRUMENTS The company only has fnCial assets and financial liabilities of a kind that qualify as basic financial instruments, Basic fUllCIal instruments are initially recognised at transaction value and subsequently measured at their Settlent value. DONATIONS IIND LEGACIES 31.12.24 31.12.23 Donations Gift aid 296,894 52,705 289,169 49,638 349,599 338,807 OTHER TILIDING ACTIVITIES 31.12.24 31,12.23 Lettings illcome Beverage sales Catering events 112,003 16,285 20,153 98,178 18,701 22,068 148,441 138,947 Page 12 continued...
Proclaimers Notes to the Finaneial Statements - continued for the Year Ended 31 December 2024 INVESTIVIENT INCOME 31,12.24 31.12.23 Deposit account interest 780 254 DIRECT TRADING COSTS o'rHLR TRADING ACTivfTIES 31.12.24 31.12.23 Opening stoc1< Purcha8es Closing stock Bad debts 697 15,83 8 (681) 173 15,336 (697) 105 15,854 14,917 Page 13 continued...
Proclaimers Notes to the Flnanclal Statements - eolltliiued for the Year Ended 31 December 2024 CHARrrABLE ACTivrfIES COSTS Direct Costs Wages Social securÉty Pensions Hir¢ of plant alld mh]nery Rent Rateg and water Events and guest speakers Repairs and r¢n¢wals 171,827 8,702 8,255 11,507 105,400 3,107 13,842 15,085 337,725 Support Costs Bank charges Bank interest Bank lo interest Cleaning Client hospitality Gifts and donations Hire purchase Insurance Light and heat Depreciation Telephone Postage and stationery Ew'pment and resources Travellitig Advertising Subscriptions Sundry expenses 1,105 999 809 11,964 677 6,122 2,849 5,561 32,362 24,281 1,700 26 12,779 18,641 1,702 6,168 1,243 128,988 Governance Cost5 Accountancy Legal and professional fees 8,856 13,478 22,334 Page 14 continued...
roclaimers Notes to tlie Financial Statements - eontlnued for the Year Ellded 31 Deetmber 2024 SUPPORT COSTS Finance Charitable Activities 4,657 NET INCOME/(EXPEIYDITURE) Net incomel(expenditur¢) is st8t¢d after ChargIn(crediting). 31,12.24 31.12.23 Depreciation- owned assets Hir¢ of plant at machinery Other operating leases 24,282 11,507 105,400 28,746 19,280 104,800 TRUSTEES, RElVtUNERATION AND BLI NIFITS Mr B T Raw]s (Trustee) received a gross salary of £32,729 for his dutie5 as Senior Pastor of Proclairners church and CEO of The Space. No ¢lemont this Temuneration is paAd for duties which Mr Rawls conducts as a director. In addition to this salary, the Chwity provided living accommodation to Mr B T Raw15 in order to enable the proper performance of tbe duties associatsd with his role of Senior Pastor. The total valiw of the costs in¢urr¢d in respect of this a¢¢ornmodation within the year was £22,857. Mrs R Mccrum (TrSt¢¢) i'eceived a gross salary of £18,875 foT her services in relation to financial administration. No element of this remuneration is paid for diities which Mccnlln conducts as a director. TRUSTEES, fi,XPLI NSES There Mrere no trustees, expens¢8 paid for the year ended 31 December 2024 nor for the year ended 31 Decomber 2023. 10. STAFF COSTS 31.12.24 31.12,23 Wages and salaries SociaE security costs Other p¢nsion costs 171,827 8,702 8,255 158,285 8.428 188,784 174,117 The average monthly number of employees during th¢ y¢ar was a5 follows.. 31.12.24 31.12.23 Employees No employees received emoluments in excess of £60,000. Page 15 Colltinued...
Pro¢laimer8 Notes to the Financial Slatements - continued for the Year li nded 31 December 2024 ii. COMPARATIVES FOR THE STATEMENT OF FINANCIAL ACTIVITIEI S Unrestricted fid Restricted fund Total INCOME AND ENDOWIVIENTS FROM Donations and legacies 338,807 338,807 Other trading activities Investment incorne 138,947 254 138,947 254 Total 478,008 478,008 EXPETrIDITURE OF4 Direct trading costs 14,917 14,917 Charitable activities Charitable Activities 498,773 498,773 Total 513,690 513,690 NEI T INCOME/(EXPEIYDfTURE), (35,682) (35,682) RECONCILIATION OF FUNDS Total funds brougl]t forward 93,572 93,572 TOTAL FI UDIDS CARRIED FORWARD 57,890 57,890 12. TANGIBLE FIXED ASSETS Improvements Fixtures Short leaseknold property fittings COST At l January 2024 and 31 December 2024 104,801 15,220 175,365 DEPRECIATION At l January 2024 Charge for year 98,442 6,359 1,496 305 148,641 6,681 At 31 December 2024 104,801 1,80I 155,322 NET BOOK VALUE At 31 Decenther 2024 13,419 20,043 At 31 December 2023 6,359 13,724 26,724 Pag¢ 16 continued...
Proclaimers Notes to the Financial Statements - eontillued for the Year Ei nded 31 December 2024 12. TANGIBLE FIXED ASSETS - continued Motor vehicles COrnput. equipment Totals COST At l J1Uary 2024 and 31 December 2024 46,585 40,992 382,963 DEPRECIATION At l Janu 2024 Charge for year 15,202 7,846 28,628 3,091 292,409 24,282 At 31 December 2024 23,048 31,719 316,691 NET BOOK VALUE At 31 December 2024 23,537 9,273 66,272 At 31 Decerrtber 2023 31,383 12,364 90,554 13. STOCKS 31.12.24 31.12.23 Stocks 681 697 14. DEBTORS: AMOUNTS FALLtNG DUE WITHIN ONE YEAR 31.12.24 31.12.23 Trade debtors Other debtors Pi¢paym¢nts 3,277 3,579 1,489 34,566 3,143 1,202 8,345 38,911 15. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR 31.12.24 31,12.23 BaDlc loan5 and over(tralts (See note 17) Hire Purchase (see note 18) Trade creditors Social security and other taxes VAT Other creditors Accruals and deferred income 17,300 4,043 5,507 2,916 2,639 14,313 6,404 21,194 3,629 10,913 2,406 3,803 15,491 7,174 53,122 64,610 Page 17 continued...
Proclaimers Notes to the Financi81 Statements - continued for the Year Ended 31 December 2024 16. CREDITORS: AMOUIYTS FALLIIYG DUEI R MORE THAN ONE YEAR 31.12.24 31.12.23 Bank loans (see note 17) Hire purchase (se¢ note 18) 19,340 20,203 24,609 24,246 39,543 48,855 17. LOANS An analysis of the maturity of loans is given below: 31.12,24 31.12.23 Amounts falling due within one year on demand.. Bank overdraftg Ballk loans 6,678 10,622 13,300 7,894 17,300 21,194 Amounts falling between one aad two years: BaJk loans - 1-2 years 10,891 10,757 AmoLmts falling due between two and five years.. Bank loans - 2-5 years 8,449 13,852 18. LEASING AGREf [1 MENTS Minimum lease payments fall due &s follows.. Hixe pUrcE¢ contracts 31.12.24 31,12.23 N¢t obligation5 repayable: Within one year Between one and five years 4,043 20,203 3,629 24,246 24,246 27,875 Non-cancellable operating leases 31.12.24 31.12.23 Witbin Olle year 3,343 Pag¢ 18 conlinued...
Proelaimers Notes to the Financial Statemellts - continued for the Year Ended 31 December 2024 19. MOVEMENT IN FUNDS Net movement in fidS At 31.12.24 At 1.1.24 Unrestricted funds General fund 57,890 (6,081) 51,809 TOTAL FUNDS 57,890 (6,081) 51,809 Net moverrt¢nt in funds, included in the above are as follows: Incoming resources Resources expended Movement in funds Unrestrleted fuiods G¢neral fLmd 498,820 (504,901) (6,081) TOTAL FUNDS 498,820 (504,901) (6,081) Comparatives for movem¢nt in funds Net movem¢nt in funds At 31.12.23 At 1.1.23 Unrestricted funds General fund 93,572 (35,682) 57,890 TOTAL FUIYDS 93,572 (35,682) 57,890 Comparative net movement in funds, included in the &bove are as follows.. tncoming resources Resources ¢xpend¢d Movement in funds Unrestrlcted funds General fi]nd 478,008 (513,690) (35,682) TOTAL FUNDS 478,008 (513,690) (35,682) Page 19 continued...
Proclaimers Notes to the Financlal Stlltements - contiiiued for the Year Ended 31 December 2024 19. MOVEMENT IN FUNDS- continued A current year 12 months and prior year 12 months combined position is as follows., Net movement in funds At 31.12.24 At l.1.2J Ullrestrlcted funds General fund 93,572 (41,763) 51,809 TOTAL FUNDS 93.572 (41,763) 51,809 A current year 12 months and prior year 12 months combined net tllovement in fimds, included in the above are as follows: Incoming resources Resources expended Movement in funds UnresÉrleted funds General fund 976,828 (1,018,591) (41,763) TOTAL FUNDS 976,828 (1,018,591) (41,763) 20. REI LATED PARTY DISCLOSURES The company has an overthaft facility of £17,500. Mr BT Rawls has pi'ovided a personal guarantee ni respect of this amoullt. 21. RECONCILIATION OF NEI T EXPENDITURE TO NET CASH FLOW FROM OPERATING ACTIVITIES 31.12.24 31.12.23 Net expenditure for the reporting perlod (as per the Slatem¢nt of Finaneiysl Activities) Adjustments for: Depreciation charges Interest received Interest paid Interest element of hire pwchase and finance lease rental payments Decrea8el(increase) in stocks Derrease/(inorease) ill debtors (Decrea8e)/increase in creditors (6,081) (35,682) 24,281 (780) 1,808 2,849 16 30,566 (8,008) 28,745 (254) 1,025 2,860 (524) (20,171) 5,446 Net casll provlded by/{used ill) operations 44,651 (18,555) Page 20 oontinued...
Proclaimers Notes to the Finaneial Statements - eontinued for the Year Ellded 31 Dexember 2024 22. ANALYSIS OF CASH AND CASH EQUIVALENTS 31.12.24 31.12.23 Cash in hand Notice deposits (less thall. 3 months) Overdrafts included in bank loan8 and overdrafts falling due within one year 709 68,467 (6,678) 572 40,621 (13,300) Total cash and cash equivalents 62,498 27,893 23. ANALYSIS OF CIILNGES IN NET (DEBT)IFUNDS At 1.1.24 Cash flow At31.12.24 Net eash Cash at bank and in hand Bank overdraft 41,19.1 (13,300) 27,983 6,622 69,176 (6,678) 27,893 34,605 62,498 Debt Finance leases Debts falling due within l year Debts falling due after l year (27,875) (7,894) (24,609) 3,629 (2,728) 5,269 (24,246) (10,622) (19,340) (60,378) 6,170 (54,208) Total (32,485) 40,775 8,290 Page21
Proclaimers Detalled Statemeiit of FRnancial Aetivities foi. the Year Ended 31 December 2024 31.12.24 31.12.23 INCOME AIYD ENDOWMENTS Donations and legacles Donations Gift aid 296,894 52,705 289,169 49,638 349,599 338,807 Other tradlng actthvltles L¢ttings inrome Beverage sales Catering events 112,003 16285 20,153 98,178 18,701 22,068 148,441 138,947 Investment income Deposit account interest 780 254 Total ineomillg regourees 498,820 478,008 EXPEIYDITURE Other trAdJng actlvrties Opening stock Purchases Bad debts C105ing stock 697 15,838 173 15,336 105 (697) (681) 15,854 14,917 Charitable activities Wages Social security Pensions Hire of plant and Jnachinery Rent Rates and water Insurance LiO]t and heat Telepbone Postage and stationery Advertising Sundry expen8es Licences and subscriptions Equipment and resourG¢$ Gifts and donatlolls Accountancy Charges Client hospitality Carried fonvard 171,827 8,702 8,255 11,507 105,400 3,107 5,561 32,362 1,700 26 I,702 1,243 6,168 12,779 6,122 8,856 1,105 677 387,099 158,285 7,404 8,428 19,280 104,800 3,257 6,292 39,969 1,725 509 3,640 580 4,959 14,526 7,218 8,640 1,085 475 391,072 This page does not forn) part of the statutory finallcial statements Page 22
Proclaimers Detailed Statement of Flnanelal Aetivities for the Year Ended 31 December 2024 31.12.24 31.12.23 CharitabIe activitie5 Brought forward Travelling Legal and professional fees Events and guest speakers Repairs and renewals Cleaning Short leasehold Improvements to propety Fixtures and fittings Motor vehicles Computer equipment 387,099 18,641 13,478 13,842 15,085 11,964 6,359 304 6,681 7,846 3,091 391,072 28,207 8,393 13,421 12,090 12,960 6,355 304 8,880 9,311 3,895 484.390 494,888 Support eo&t8 Flnance int¢re8t Bank loan interest Hire purchase 999 809 2,849 606 419 2,860 4,657 3,885 Total re80urces expend¢d 504,901 513,690 Net expenditure (6,081) (35,682) This page does not form part of tlie statutoiy financial statements Page 23