Charity no: 1121153 Company no: 05801211
impact REPORT 2020
Proton Foundation Registered in England & Wales Registered office: 242 Leicester Road, Markfield, England, LE67 9RG Company number: 05801211 Charity Commission number: 1121153
table of CONTENTS
4
Charity Reference and Administrative Details
5
Statement on behalf of the Chair
6
Directors Introduction
7-14
Trustees Annual Report
The Trustees, who are also Directors of the charity for the purposes of the Companies Act 2006, present their report with the financial statements of the charity for the year ended 31 December 2020. The trustees have adopted the provisions of the Statement of Recommended Practice (SORP) "Accounting and Reporting by Charities" (FRS102) in preparing the annual financial statements of the charity
[TRUSTEES] BANKERS
Ian Green resigned 15.12.2020 Randy Sohnchen Brian Armstrong resigned 15.12.2020 Gemma Prees appointed 09.07.2019 resigned 07.07.2020
Jay Williams appointed 09.07.2019 Lisa Rankin appointed 15.12.2020 Terry Lambert appointed 15.12.2020
Nat West Bank 1 Market Place Nuneaton Warwickshire CV11 4YY
rEFERENCE & ADMINISTRATIVE DETAILS
Registered Company number 05801211 (England and Wales)
Registered Charity Number 1121153
Registered office 242 Leicester Road Markfield Leicestershire LE67 9RG
INDEPENDENT EXAMINERS
Altus Business Consulting Chartered Accountants 88-89 High Street
Wordsley Stourbridge West Midlands DY8 5SB
TRUSTEES ANNUAL REPORT FOR THE YEAR ENDING 31 DECEMBER 2020 STATEMENT ON BEHALF OF THE CHAIR
I would like to thank the entire Proton Foundation team for their continued dedication towards achieving our charitable objectives despite the disruptions caused by COVID-19, the changes to the organizational structure following the departure of our Founder Ian Green and the appointment of 3 new Trustees to the board.
While 2020 was a year of unprecedented challenges, these very challenges have catalysed our thoughts on how we continue the work that we accomplish through the Flourish Project. Hannah Williams, appointed CEO at the end of 2020, has been instrumental in accelerating our strategy to further deploy The Flourish Project to the people who need it.
Proton Foundation has an enduring legacy of changing and challenging hearts and minds through the projects that we have initiated over the years. We are a charity that is determined to make a difference in as many lives as we can in the communities that we serve. We continue to be laser focused on achieving this objective.
We are very confident that under Hannah's leadership, our team will continue to increase our impact as we continue to work with schools and churches both in the UK and overseas. Our goal of impacting 100,000 young people will only be achieved by continuing to build our reputation through our excellent products and by continuing to develop healthy partnerships, who share our desire to see young people become everything they can be.
As we focus on the future, our Board of Trustees is confident that The Flourish Project will become a go-to resource for schools and other organisations, who share our belief that the positive, healthy mindset of a child is vitally important for the holistic development of young people and society in general.
Randy Sohnchen (May 15, 2021 22:06 PDT)
Randy Sohnchen Chair of Trustees, Proton Foundation
DIRECTORS
INTRODUCTION
Covid-19 pandemic and our response statement from Hannah Williams CEO
Proton Foundation has been greatly impacted by COVID-19. Work that was scheduled to be undertaken, prior to the outbreak of the COVID pandemic, was unable to be carried out. This was due to a number of differing factors outside of our control: the closure of schools and community groups, networks with other charities were put on hold, travel could not take place, training dates, as well as fundraising events, had to be postponed or cancelled. The board of trustees took the decision to place two members of staff onto the government’s full- time furlough scheme for the period from April until the end of August. Furthermore, the CEO was unable to travel and fundraise, despite a number of speaking events having been previously arranged. These consequences did impact the organisation financially, as a sizable amount of the charity’s reserves were drawn upon. The trustees decided to return staff on a part-time basis from September through to December, again utilising the government’s furlough scheme. As a charity, we recognised the need to adapt how we delivered our project work and how we delivered our training. We understood the need to look to create new projects, in order to continue to meet the needs of disadvantaged communities and the lives of young people.
As of the end of December 2020, our dedicated staff team consisted of three staff members and three volunteers. In spite of the challenges presented, we have still been able to engage in, and fulfil some, of our key objectives listed below:
Developing the capacity and skills of members of socially disadvantaged communities, through community development and advocacy.
Promoting the development of young people in achieving their full potential.
Motivating others to community development through inspiring, training and enabling.
These objectives are fulfilled primarily by our current projects Global Transformation and The Flourish Project.
Developing the capacity and skills of members of socially disadvantaged communities, through community development and advocacy 2020
Global Transformation is a project that sits alongside The Flourish Project. Until March the CEO of Global Transformation had travelled as he usually would, speaking at conferences, seminars and churches, creating and developing networks to action Proton’s mandate for community transformation. The CEO speaks to faith groups and to social enterprises to see how best they can execute the vision and the plans that they have to make this a better world, helping them to think of solutions to alleviate poverty and develop the capacity of dis-advantaged communities. The CEO travelled 12-14 days per month advocating on the behalf of the Proton Foundation, fundraising, building relationships and networks to create greater levels of resource that would allow the vision of the foundation to move forward. Before the travel restrictions started, the CEO travelled to the following places at the beginning of 2020:
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Ajax, Ontario, Canada
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USA: Alabama, Iowa
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Denmark: Copenhagen
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Hungry: Bekes
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Austria: Vienna
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Romania: Oradea.
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Florence, Alabama, USA
The Global Transformation Project encompasses all of the existing work that the CEO was undertaking and brings them together into one project, to promote community development and networking globally. As mentioned above, activities include:
1/ Creating Global Transformation Curriculum: Team meet weekly via zoom to create material that they believe will be invaluable to those who want to see their communities transformed.
2/ Global Transformation TV Programs: Despite COVID restrictions Ian and Darius (Executive Producer) continued to converse remotely to work on the TV Documentary project.
3/ Kampala, Uganda: Working with a network of other organisations to bring about lasting change. The Global Transformation project was also able to donate to a project run by 92hands. A revolving fund which allows single women who lost their businesses to take a loan to restart their businesses, giving them a 2-week course in business management to help them succeed.
Promoting the development of young people in achieving their full potential.
2020
The Flourish project was established in 2017 and it sits alongside Global Transformation. This project is about inspiring community transformation in the UK, but also has some connections in Europe as-well, which it will be looking to develop in the future.
Our VISION
‘to be a resource that enables individuals, families and organisations to impact the lives of young people to help them thrive and reach their full potential’.
We do this through a number of different projects, one of these is our 8- week Flourish mentoring programme. This programme focuses on how young people view themselves, helping to give them tools and techniques to equip themselves to change mind-sets, ingrained beliefs and challenge behaviours, which in turn helps their mental wellbeing. The project addresses areas such as Beliefs, Self-worth, Dignity, Respect, Social media, Aspirations and Goal setting.
The 8-week programme would hope to see a generational change where each person is given the opportunity to Flourish into who they have been made to be and reach their full potential, whilst building resilience and improving their wellbeing.
The Flourish Project has worked alongside 813 young people since 2017.
Due to the pandemic the Flourish mentor programme was only operational for 3 months of 2020, however 164 young people accessed the programme in that time.
The overall average impact that the project has seen to date is:
An improvement of 28.73% in Mental Wellbeing. An increase of 24.25% in Self-Esteem. An increase of 30.86% in Happiness.
813 28.73% MENTAL WELLBEING 24.25% SELF ESTEEM 30.86% HAPPINESS 164 IN 2020
THE NEED Flourish Online Course
Prior to COVID-19, we were using a Mentor-led programme in schools and organisations. However due to restrictions and lockdown, we have not been able to maintain the face-to-face work in schools.
The Young Minds survey, September 2020, showed:
69% of respondents described their mental health as poor now that they are back at school; this has risen from 58% who described their mental health as poor before returning to school.
40% of respondents said that there was no school counsellor available to support students in their school.
Almost a quarter of respondents (23%) said that there was less mental health support in their school than before the pandemic, while only 9% agreed that there was more mental health support.
In regard to the above statistics, we as a project understood the need to adapt/create and offer a response that would continue to impact the lives of young people. In September, we began to develop an online programme, planned to be launched in March/April 2021 from a secure portal. All of the valuable content found in the mentor programme will be included in the online programme. This will be achieved through a range of specially developed interactive activities, videos, and games - all tailored to young people aged between 8-14 years. With a high percentage of young people currently accessing remote learning, this course will enable them to work from home or school, as all they require is an electronic device and internet access.
We have produced a ‘showreel’ of one of the modules from the course see link below: https://protonfoundation.com/flourish-online/
So, despite a difficult year there are lots of exciting opportunities to look forward to and the online approach has created another avenue for the project to extend its reach, much quicker than we could have planned.
Motivating others to community development through inspiring, training and enabling. Both the CEO of Global Transformation and the CEO of the 2020
Both the CEO of Global Transformation and the CEO of the Flourish Project understand the importance of motivating, equipping, up-skilling others to develop and meet the needs in their own communities.
Global Transformation
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Through the Global Transformation Project Ian Green is able to motivate others to Community Development. The people the CEO mentors are inspired and encouraged to social action, which leaves a lasting influence on their communities and beyond.
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We have mentored the Hungarian Gypsy Mission International, which has one of the largest staff of any mission’s organisation in Europe, encouraging them in developing their vision and transformation goals.
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We continue to partner in collaboration with Bruce Friesen, Bruce Mann and Brian Beattie in developing a curriculum of community transformation. The hope is that this curriculum can be a toolkit used around the globe to bring transformation.
FLOURISH PROJECT
- Training and enabling teachers/youth workers/ sports coaches to be equipped with the tools to be a champion in a young person’s life. In 2019 we trained 65 adults enabling them to be the catalysts for change in their own communities. In 2020 we had training days planned in
Leicestershire, South Wales and Aberdeen but these dates were postponed due to the pandemic. However, we managed to train 9 adults in Hinckley in February 2020. This brings the number of adults trained to 74.
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We have built partnerships with a school in Ystrad Mynach (South Wales) They have been a catalyst in their area and have used the project to reach vulnerable families in the surrounding communities. The partnership has brought inspiring changes to the school environment and to the children that have completed the project. Please find the link below to how the project has impacted his school. https://youtu.be/bhWTqhlFYccales
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a. In October we developed a partnership with Kings Community Church, who have a vision to serve their local schooling communities. The project trained their youth pastor, who has since delivered the programme to 20 young people (November – December 2020).
FLOURISH PROJECT
- Relationships are being built with the following organisations. We look forward to seeing these links developing and strengthening during 2021.
a.A group of people in Denmark wish to work towards becoming a Flourish Hub. Here, they will train both youth workers and teachers to run the 8-week mentoring programme.
b. A charity in Leeds - Connecting Crossgates, currently runs a reading club in a school. They are passionate about the need to help children realise their full potential. They are aiming to become a Flourish Hub in May 2021, where they will link with local schools and youth clubs to see the project deployed.
c. Restore Collective, work alongside vulnerable families in Atherstone and have engaged with their local schooling communities, we are looking to partnering with this organisation to see them become a Flourish Hub in 2021.
Motivating others to community development through inspiring, training and enabling continued...
the future OF PROTON FOUNDATION 1st jan 2021 THANK YOU IAN GREEN
In a year of changes, the Proton trustees decided it was time for the two Proton projects to become separate charities to better cater for their differing needs and target audience. For some time, the Trustees have debated the best way forward. A conclusion was reached 18 months ago that it would be best for the vision and viability of the foundation to have a singular focus.
PUBLIC BENEFIT CONTINUE TO BE A BENEFIT TO THE PUBLIC
Therefore, from 1st January 2021, the Flourish Project will remain as the Proton Foundation. The Global Transformation will form a separate charity with Ian Green as the CEO. At the end of 2020, Ian Green stepped down as a trustee of the Proton Foundation. Each CEO will still advocate for the other but will operate separately. We would like to thank Ian for all the years of service he has given to the Proton Foundation. His vision, leadership, passion and drive have helped shape and develop the organisation to influence and change the lives of many individuals and communities. In addition, his skills have helped mentor, train and shape future generations.
The trustees have given consideration to the charity commissions guidance on public benefit when making the plans for the future and are confident that the changes being made continue to fulfil the remit of public benefit to the communities it serves.
MEDIA & COMMUNICATIONS
WWW.PROTONFOUNDATION.COM
The foundation uses a number of social media outlets; Instagram, FaceBook and Twitter for communicating. New articles are regularly placed on Proton’s website.
Flourish has a strong underlying core value of Community Transformation. Its unique approach in bringing mental health education into schools is remarkable. The Foundation has a 17-year history of community transformation, both in activity and financially. This will help Flourish to apply to philanthropic organisations in order to support its work.
conclusion COMMUNITY TRANSFORMATION
Proton continues to impact and transform communities through motivating others by training, equipping, enabling, inspiring, and being advocates for change. By using education, networks, partnerships and social projects, Proton aspires to bring influence and community regeneration in the United Kingdom, Europe and beyond.
Community transformation means we exist to create hope, a future for everyone who we connect with in a community relationship. We will continue training, coaching, educating, inspiring and resourcing those we reach out to.
TRUSTEES' RESPONSIBILITIES
STATEMENT
The Trustees, who are also directors of the charity are responsible for preparing the Trustees' Report and financial statements in accordance with applicable law and United Kingdom Accounting Standards (United Kingdom Generally Accepted Accounting Practice).
Company law requires the trustees to prepare financial statements for each financial year, which give a true and fair view of the state of affairs of the charitable company and of the incoming resources and application of resources of the charitable company for the year.
In preparing those financial statements, the trustees are required to:
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select suitable accounting policies and then apply them consistently;
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observe the methods and principles in the Charities SORP 2019 (FRS 102);
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make judgements and estimates that are reasonable and prudent:
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state whether applicable UK Accounting Standards have been followed, subject to any material departures disclosed and explained in the financial statements.
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prepare the financial statements on the going concern basis unless it is inappropriate to presume that the company will continue in operation.
The trustees are responsible for keeping proper accounting records which disclose with reasonable accuracy at any time the financial position of the company and to enable them to ensure that the financial statements comply with the Companies Act 2006. They are also responsible for safeguarding the assets of the charitable company and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities.
This report has been prepared in accordance with the Statement of Recommended Practice: Accounting and Reporting by Charities 2019 (FRS 102) and in accordance with the special provisions of Part 15 of the Companies Act 2006 relating to small companies.
Approved by the Trustees/Directors on 15th April 2021.
and signed on its behalf by:
Randy Sohnchen (May 15, 2021 22:06 PDT)
Randy Sonchen Chair of Trustees, Proton Foundation
WE THANK YOU FOR YOUR CONTINUED SUPPORT TO PROTON FOUNDATION
PROTON 2020 IMPACT REPORT
Final Audit Report
2021-05-16
Created: 2021-05-14 By: Sophie Green (hello@wildgraceassociates.com) Status: Signed Transaction ID: CBJCHBCAABAARdEp74nkr1YgTDPrSntWvidLkyFok2OS
"PROTON 2020 IMPACT REPORT" History
Document created by Sophie Green (hello@wildgraceassociates.com)
2021-05-14 - 11:37:16 AM GMT- IP address: 81.158.151.41
Document emailed to Randy Sohnchen (randy.sohnchen@protonfoundation.com) for signature 2021-05-14 - 11:38:43 AM GMT
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REGISTERED COMPANY NUMBER: 05801211 (England and Wales) REGISTERED CHARITY NUMBER: 1121153
Report of the Trustees and
Unaudited Financial Statements for the Year Ended 31 December 2020
for
Proton Foundation
Altus Business Consulting Chartered Accountants 88-89 High Street Wordsley Stourbridge West Midlands DY8 5SB
Proton Foundation
Contents of the Financial Statements for the Year Ended 31 December 2020
| Page | |||
|---|---|---|---|
| Report of the Trustees | 1 | to | 2 |
| Independent Examiner's Report | 3 | ||
| Statement of Financial Activities | 4 | ||
| Balance Sheet | 5 | ||
| Notes to the Financial Statements | 6 | to | 11 |
| Detailed Statement of Financial Activities | 12 | to | 13 |
Proton Foundation
for the Year Ended 31 December 2020
Report of the Trustees
The trustees who are also directors of the charity for the purposes of the Companies Act 2006, present their report with the financial statements of the charity for the year ended 31 December 2020. The trustees have adopted the provisions of 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).
OBJECTIVES AND ACTIVITIES
a) To develop the capacity and skills of the members of socially disadvantaged communities in such a way that they are better able to identify and help meet their needs and to participate more fully in society by such means and in such parts of the United Kingdom or the world as the trustees may from time to time think fit;
b) To relieve financial hardship by such means and in such parts of the United Kingdom or the world as the trustees may from time to time think fit;
c) To promote the development of young people in achieving their full physical, intellectual, social and spiritual potential as individuals, responsible citizens and members of their local, national and international communities by such means and in such parts of the United Kingdom or the world as the trustees may from time to time think fit.
FINANCIAL REVIEW
Financial position
The trustees are satisfied that the financial position of the charity remains strong and at the balance sheet date sufficient reserves are available to maintain and grow the charities activities.
Reserves policy
The charity has available £61,711 of unrestricted reserves at at 31st December 2020 (2019 £99,035). The trustees are satisfied that this meets their reserves policy.
During the year the trustees have transferred a total of £22,971 from general unrestricted reserves. £12,971 has been transferred to the Flourish restricted reserves and £10,000 to a Flourish designated fund.
STRUCTURE, GOVERNANCE AND MANAGEMENT
Governing document
The charity is controlled by its governing document, memorandum and articles of association adopted on 29th April 2006 and subsequently amended, and constitutes a limited company, ltd by guarantee as defined by the Companies Act 2006.
Recruitment and appointment of new trustees
The recruitment and appointment of trustees is set out and defined within the Articles of Association
REFERENCE AND ADMINISTRATIVE DETAILS Registered Company number
05801211 (England and Wales)
Registered Charity number
1121153
Registered office
242 Leicester Road Markfield Leicester Leicestershire LE67 9RG
Page 1
Proton Foundation
Report of the Trustees
for the Year Ended 31 December 2020
Trustees
J B Armstrong (resigned 15.12.20) I Green (resigned 15.12.20) A J Hamill (resigned 17.12.19) M J Williams (appointed 13.5.20) R Sohnchen G Prees (appointed 13.5.20) (resigned 7.7.20) L Rankin (appointed 15.12.20) T Lambert (appointed 15.12.20) D Warren
Independent Examiner
Altus Business Consulting Chartered Accountants 88-89 High Street Wordsley Stourbridge West Midlands DY8 5SB
Approved by order of the board of trustees on 24 March 2021 and signed on its behalf by:
Randy Sohnchen (May 15, 2021 22:03 PDT)
R Sohnchen - Trustee
Page 2
Independent Examiner's Report to the Trustees of Proton Foundation
Independent examiner's report to the trustees of Proton Foundation ('the Company')
I report to the charity trustees on my examination of the accounts of the Company for the year ended 31 December 2020.
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
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:
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accounting records were not kept in respect of the Company as required by section 386 of the 2006 Act; or
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the accounts do not accord with those records; or
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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
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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.
Richard Ashmore Institute of Chartered Accountants in England and Wales Altus Business Consulting Chartered Accountants 88-89 High Street Wordsley Stourbridge West Midlands DY8 5SB
24 March 2021
Page 3
Proton Foundation
Statement of Financial Activities
for the Year Ended 31 December 2020
| Unrestricted funds Notes £ INCOME AND ENDOWMENTS FROM Donations and legacies 5,395 Charitable activities Flourish - Investment income 2 - Other income 1 Total 5,396 EXPENDITURE ON Charitable activities Flourish 19,222 Romania - Global Transformation 8,391 Gifts 2,136 House insulation project - Lazareni - Afterschool project - Dignity - Global Transformation - TV Programmes - Global Transformation - Curriculum Development - Gifts - Total 29,749 NET INCOME/(EXPENDITURE) (24,353) Transfers between funds 8 (12,971) Net movement in funds (37,324) RECONCILIATION OF FUNDS Total funds brought forward 99,035 TOTAL FUNDS CARRIED FORWARD 61,711 |
Restricted funds £ 30,021 6,386 - 9,929 46,336 31,190 - - - 1,367 2,802 3,111 1,725 1,134 680 1,931 43,940 2,396 12,971 15,367 6,893 22,260 |
31.12.20 31.12.19 Total Total funds funds £ £ 35,416 38,627 6,386 2,890 - 122 9,930 - 51,732 41,639 50,412 39,092 - 10,440 8,391 17,116 2,136 3,602 1,367 - 2,802 - 3,111 - 1,725 - 1,134 - 680 - 1,931 - 73,689 70,250 (21,957) (28,611) - - (21,957) (28,611) 105,928 134,539 83,971 105,928 |
|---|---|---|
The notes form part of these financial statements
Page 4
Proton Foundation
Balance Sheet
31 December 2020
| Unrestricted funds Notes £ CURRENT ASSETS Debtors 6 2,511 Cash in hand 61,209 63,720 CREDITORS Amounts falling due within one year 7 (2,009) NET CURRENT ASSETS 61,711 TOTAL ASSETS LESS CURRENT LIABILITIES 61,711 NET ASSETS 61,711 FUNDS 8 Unrestricted funds Restricted funds TOTAL FUNDS |
Restricted funds £ - 22,260 22,260 - 22,260 22,260 22,260 |
31.12.20 Total funds £ 2,511 83,469 85,980 (2,009) 83,971 83,971 83,971 61,711 22,260 83,971 |
31.12.19 Total funds £ 4,338 107,066 111,404 (5,476) 105,928 105,928 105,928 99,035 6,893 105,928 |
|---|---|---|---|
The charitable company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 December 2020.
The members have not required the company to obtain an audit of its financial statements for the year ended 31 December 2020 in accordance with Section 476 of the Companies Act 2006.
The trustees acknowledge their responsibilities for
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(a) ensuring that the charitable company keeps accounting records that comply with Sections 386 and 387 of the Companies Act 2006 and
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(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.
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 March 2021 and were signed on its behalf by:
Randy Sohnchen (May 15, 2021 22:03 PDT)
R Sohnchen - Trustee
The notes form part of these financial statements
Page 5
Proton Foundation
Notes to the Financial Statements for the Year Ended 31 December 2020
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.
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.
Grants offered subject to conditions which have not been met at the year end date are noted as a commitment but not accrued as expenditure.
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.
2. INVESTMENT INCOME
| INVESTMENT INCOME | ||
|---|---|---|
| 31.12.20 | 31.12.19 | |
| £ | £ | |
| Deposit account interest | - | 122 |
3. TRUSTEES' REMUNERATION AND BENEFITS
There were no trustees' remuneration or other benefits for the year ended 31 December 2020 nor for the year ended 31 December 2019.
Trustees' expenses
There were no trustees' expenses paid for the year ended 31 December 2020 nor for the year ended 31 December 2019.
Page 6
continued...
Proton Foundation
Notes to the Financial Statements - continued for the Year Ended 31 December 2020
4. STAFF COSTS
The average monthly number of employees during the year was as follows:
5.
| 31.12.20 | 31.12.19 | ||
|---|---|---|---|
| Staff | 2 | 1 | |
| No employees received emoluments in excess of £60,000. | |||
| COMPARATIVES FOR THE STATEMENT OF FINANCIAL | ACTIVITIES | ||
| Unrestricted | Restricted | Total | |
| funds | funds | funds | |
| £ | £ | £ | |
| INCOME AND ENDOWMENTS FROM | |||
| Donations and legacies | 16,008 | 22,619 | 38,627 |
| Charitable activities | |||
| Flourish | - | 2,890 | 2,890 |
| Investment income | 122 | - | 122 |
| Total | 16,130 | 25,509 | 41,639 |
| EXPENDITURE ON | |||
| Charitable activities | |||
| Flourish | 8,342 | 30,750 | 39,092 |
| Romania | - | 10,440 | 10,440 |
| Global Transformation | 17,116 | - | 17,116 |
| Gifts | 3,602 | - | 3,602 |
| Total | 29,060 | 41,190 | 70,250 |
| NET INCOME/(EXPENDITURE) | (12,930) | (15,681) | (28,611) |
| Transfers between funds | (5,000) | 5,000 | - |
| Net movement in funds | (17,930) | (10,681) | (28,611) |
| RECONCILIATION OF FUNDS | |||
| Total funds brought forward | 116,965 | 17,574 | 134,539 |
| TOTAL FUNDS CARRIED FORWARD | 99,035 | 6,893 | 105,928 |
continued...
Page 7
Proton Foundation
Notes to the Financial Statements - continued for the Year Ended 31 December 2020
6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
| Trade debtors Other debtors Prepayments 7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR Trade creditors Social security and other taxes Other creditors Accruals and deferred income 8. MOVEMENT IN FUNDS Net movement At 1.1.20 in funds £ £ Unrestricted funds General fund 97,189 (14,092) Tithe Gifts 1,846 (1,844) Flourish - (8,417) 99,035 (24,353) Restricted funds Romania 4,888 (4,888) Flourish 690 (275) Poiana 1,315 (1,315) Global Transformation - 8,874 6,893 2,396 TOTAL FUNDS 105,928 (21,957) |
31.12.20 £ - 1,633 878 2,511 31.12.20 £ 209 - 550 1,250 2,009 Transfers between funds £ (52,595) - 39,624 (12,971) - 12,971 - - 12,971 - |
31.12.19 £ 3,710 - 628 4,338 31.12.19 £ 321 144 363 4,648 5,476 At 31.12.20 £ 30,502 2 31,207 |
|---|---|---|
| 61,711 - 13,386 - 8,874 |
||
| 22,260 | ||
| 83,971 |
continued...
Page 8
Proton Foundation
Notes to the Financial Statements - continued for the Year Ended 31 December 2020
8. MOVEMENT IN FUNDS - continued
Net movement in funds, included in the above are as follows:
| Incoming | Resources | Movement | |
|---|---|---|---|
| resources | expended | in funds | |
| £ | £ | £ | |
| Unrestricted funds | |||
| General fund | 5,104 | (19,196) | (14,092) |
| Tithe Gifts | 292 | (2,136) | (1,844) |
| Flourish | - | (8,417) | (8,417) |
| 5,396 | (29,749) | (24,353) | |
| Restricted funds | |||
| Restricted Funds | 1,931 | (1,931) | - |
| Romania | 2,802 | (7,690) | (4,888) |
| Flourish | 30,915 | (31,190) | (275) |
| Poiana | - | (1,315) | (1,315) |
| Global Transformation | 10,688 | (1,814) | 8,874 |
| 46,336 | (43,940) | 2,396 | |
| TOTAL FUNDS | 51,732 | (73,689) | (21,957) |
| Comparatives for movement in funds |
| Unrestricted funds General fund Dedicated Funds Restricted funds Romania Flourish Poiana TOTAL FUNDS |
At 1.1.19 £ 107,442 9,523 116,965 12,043 5,531 - 17,574 134,539 |
Net movement in funds £ (10,253) (2,677) (12,930) (7,155) (9,841) 1,315 (15,681) (28,611) |
Transfers between funds £ - (5,000) (5,000) - 5,000 - 5,000 - |
At 31.12.19 £ 97,189 1,846 |
|---|---|---|---|---|
| 99,035 4,888 690 1,315 |
||||
| 6,893 | ||||
| 105,928 |
continued...
Page 9
Proton Foundation
Notes to the Financial Statements - continued for the Year Ended 31 December 2020
8. MOVEMENT IN FUNDS - continued
Comparative net movement in funds, included in the above are as follows:
| Incoming | Resources | Movement | |
|---|---|---|---|
| resources | expended | in funds | |
| £ | £ | £ | |
| Unrestricted funds | |||
| General fund | 15,605 | (25,858) | (10,253) |
| Dedicated Funds | 525 | (3,202) | (2,677) |
| 16,130 | (29,060) | (12,930) | |
| Restricted funds | |||
| Romania | 3,285 | (10,440) | (7,155) |
| Flourish | 20,909 | (30,750) | (9,841) |
| Poiana | 1,315 | - | 1,315 |
| 25,509 | (41,190) | (15,681) | |
| TOTAL FUNDS | 41,639 | (70,250) | (28,611) |
A current year 12 months and prior year 12 months combined position is as follows:
| Unrestricted funds General fund Dedicated Funds Tithe Gifts Flourish Restricted funds Romania Flourish Global Transformation TOTAL FUNDS |
At 1.1.19 £ 107,442 9,523 - - 116,965 12,043 5,531 - 17,574 134,539 |
Net movement in funds £ (24,345) (2,677) (1,844) (8,417) (37,283) (12,043) (10,116) 8,874 (13,285) (50,568) |
Transfers between funds £ (52,595) (5,000) - 39,624 (17,971) - 17,971 - 17,971 - |
At 31.12.20 £ 30,502 1,846 (1,844) 31,207 61,711 - 13,386 8,874 22,260 83,971 |
|---|---|---|---|---|
continued...
Page 10
Proton Foundation
Notes to the Financial Statements - continued for the Year Ended 31 December 2020
8. MOVEMENT IN FUNDS - continued
A current year 12 months and prior year 12 months combined net movement in funds, included in the above are as follows:
| Incoming | Resources | Movement | |
|---|---|---|---|
| resources | expended | in funds | |
| £ | £ | £ | |
| Unrestricted funds | |||
| General fund | 20,709 | (45,054) | (24,345) |
| Dedicated Funds | 525 | (3,202) | (2,677) |
| Tithe Gifts | 292 | (2,136) | (1,844) |
| Flourish | - | (8,417) | (8,417) |
| 21,526 | (58,809) | (37,283) | |
| Restricted funds | |||
| Restricted Funds | 1,931 | (1,931) | - |
| Romania | 6,087 | (18,130) | (12,043) |
| Flourish | 51,824 | (61,940) | (10,116) |
| Poiana | 1,315 | (1,315) | - |
| Global Transformation | 10,688 | (1,814) | 8,874 |
| 71,845 | (85,130) | (13,285) | |
| TOTAL FUNDS | 93,371 | (143,939) | (50,568) |
9. RELATED PARTY DISCLOSURES
There have been a number of related party transactions within the year, which are set out below:
Ian Green Ltd - owned by trustee I Green has been paid for consultancy services a total of £5,200
Hannah Williams - wife of trustee J Williams was paid a salary of £21,000 as CEO of the Flourish Project plus pension contributions of £735. She was also paid £613 in expenses incurred on behalf the charity in the normal course of her duties
J J Sports & Activities - owned by trustee A Hamill delivered a course for the charity and was paid £149
Wild Grace Associates - daughter of trustee I Green provided administration services to the charity on a self-employed basis and was paid £3,780
We Develop People Ltd - a director of which is trustee J Williams were paid £300 for services provided to the charity
Brian Armstrong was a trustee and was given a leaving gift to the value of £50
Gemma Prees was a trustee and was given a leaving gift to the value of £50
Ian Green was a trustee and was given a leaving gift to the value of £50
Page 11
Proton Foundation
Detailed Statement of Financial Activities for the Year Ended 31 December 2020
| Detailed Statement of Financial Activities for the Year Ended 31 December 2020 |
||
|---|---|---|
| 31.12.20 | 31.12.19 | |
| £ | £ | |
| INCOME AND ENDOWMENTS | ||
| Donations and legacies | ||
| Gifts | 7,185 | 15,318 |
| Donations | 21,945 | 23,268 |
| Gift aid | - | 41 |
| Legacies | 6,286 | - |
| 35,416 | 38,627 | |
| Investment income | ||
| Deposit account interest | - | 122 |
| Charitable activities | ||
| Grants | 6,386 | 2,890 |
| Other income | ||
| Government Grants | 9,930 | - |
| Total incoming resources | 51,732 | 41,639 |
| EXPENDITURE | ||
| Charitable activities | ||
| HIP costs | 1,367 | 5,425 |
| Chalmers support costs | 1,315 | - |
| Lazareni costs | 2,802 | - |
| Afterschool project costs | 3,111 | 4,252 |
| Dignity project costs | 410 | 763 |
| Flourish project costs | 39,607 | 30,750 |
| Global Transformation costs | 5,554 | 13,541 |
| Grants to individuals | 1,931 | 400 |
| 56,097 | 55,131 | |
| Support costs | ||
| Other | ||
| Wages | 997 | - |
| Pension | 30 | - |
| Legal & professional fees | 621 | 119 |
| Bookkeeping & payroll | 3,210 | 2,106 |
| Accountancy | 940 | 1,787 |
| Insurance | 296 | 1,388 |
| Administrator | 4,056 | 2,237 |
| Postage & stationery | 80 | 298 |
| Bank charges | 54 | 10 |
| Tithe gifts | 2,136 | 3,202 |
| IT & office equipment | 3,451 | 2,388 |
| Carried forward | 15,871 | 13,535 |
This page does not form part of the statutory financial statements
Page 12
Proton Foundation
Detailed Statement of Financial Activities for the Year Ended 31 December 2020
| Detailed Statement of Financial Activities for the Year Ended 31 December 2020 |
||
|---|---|---|
| 31.12.20 | 31.12.19 | |
| £ | £ | |
| Other | ||
| Brought forward | 15,871 | 13,535 |
| Publicity & promotions | 119 | 514 |
| Subscriptions | 151 | 282 |
| Hospitality | 787 | 584 |
| Sundry expenses | 664 | 204 |
| 17,592 | 15,119 | |
| Total resources expended | 73,689 | 70,250 |
| Net expenditure | (21,957) | (28,611) |
This page does not form part of the statutory financial statements
Page 13
Report of the Trustees and Unaudited Financial Statements for the Year Ended 31 December 2020 for Proton Foundation
Final Audit Report
2021-05-16
Created: 2021-05-14 By: Sophie Green (hello@wildgraceassociates.com) Status: Signed Transaction ID: CBJCHBCAABAA0FF6l41SDQ4NCIhX3PjlSbCx6jPCU1mB
"Report of the Trustees and Unaudited Financial Statements for the Year Ended 31 December 2020 for Proton Foundation" Histo
ry
Document created by Sophie Green (hello@wildgraceassociates.com)
2021-05-14 - 10:41:45 AM GMT- IP address: 81.158.151.41
Document emailed to Randy Sohnchen (randy.sohnchen@protonfoundation.com) for signature 2021-05-14 - 10:43:07 AM GMT
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Document e-signed by Randy Sohnchen (randy.sohnchen@protonfoundation.com)
Signature Date: 2021-05-16 - 5:03:22 AM GMT - Time Source: server- IP address: 174.4.64.4
Agreement completed.
2021-05-16 - 5:03:22 AM GMT
Inde endent xam Proton Foundaiion tees Independeiit ex8miner'$ report to the trustee$ of Proton Foundatlon ('the Company,) I report to the charity trustees on my examination of th¢ a¢counts of the CoTnpany for th¢ y¢ar ended 31 D¢¢ember 2020. R¢5PQllsibllities 8nd btslg of report As the ¢haritys tru5t¢¢5 of the Company (and also its dire¢tor$ for the purposes of company lawl you are responsible for the pr¢paT#tion of th¢ ocrounts in a¢¢ordan¢e with the requirements of ihe Companie5 Act 2006 ('the 2006 A¢tJ. Having satisfied myself that the accounts of the Company are not Tequired 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 8¢counts a5 ¢8rri¢d out under seciion 145 of ihe Charities Act 2011 {'Ihe 201 l Act,). In carrying out my examination I have followed the Directions giv¢n by the Charity Commi$5ion under section 145{51 (b) of the 2011 Act. Independent examlner's stgtement I have completed my examination. l ¢onfiTm that no matter5 have come to my attention in connection with the examination giving m¢ cause to believe.. a¢¢ounting records were not kept in respect of th¢ Company as required by section 386 of the 2006 Act. or the accounts do not accord with those records: or the accounts do noi comply with the accounting requirements of s¢¢tion 396 of the 2006 Aci other than any requirement thai the a¢¢ounts give a true and fair view whi¢h 1$ not a matter considered as pan of an independent examination., or the a¢¢ouDt5 have not been prepared in accordanc¢ with the methods and principles of the Statement of Re¢omm¢nd¢d Practice for accounting artd reporting by charities {Applicabl¢ to charities preparing their accoun¢$ in accoTdance with ihe Financial Reporting StandaTd applicable in the UK and Republic of Ireland IFRS 10211. I have no ¢on¢ems and have come across no other matter8 in Connection with the examination to which atteniion should be drawn in this report in order ¢0 enable a proper understanding of the o¢counts to be reached. Richard Ashmore Institute of Chartered Accountants in England and Wales Altus Business Consulting Chart¢r¢d Accountants 88-89 High Street Wordsl¢y StourbTidge West Midlands DY8 5SB 24 March 2021 Pag¢ I