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2022-12-31-accounts

Registered Company No: 05801211 (England & Wales) Charity Registration No: 1121153

PROTON FOUNDATION

(A Company Limited by Guarantee)

Annual Report and Financial Statements

For the year ended

31 December 2022

PROTON FOUNDATION INDEX TO THE ANNUAL REPORT AND FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2022

Page
Charity Reference and Administrative Details 2
Trustees’ Annual Report
(incorporating Director’s Report)		 3 - 12
Independent Examiners Report 13
Statement of Financial Activities
(incorporating Income & Expenditure Account)		 14
Balance Sheet 15
Notes to the Accounts 16 - 23
Detailed Income & Expenditure Accounts 24 - 25

Page 1

PROTON FOUNDATION

CHARITY REFERENCE AND ADMINISTRATIVE DETAILS FOR THE YEAR ENDED 31 DECEMBER 2022

Charity Name: Proton Foundation

Charity Registration Number: 1121153 Company Registration Number: 05801211 (England and Wales)

Registered Office: 242 Leicester Road Markfield Leicester LE67 9RG

Trustees/Directors: The directors of the charitable company are also its trustees for the purpose of charitable law. The trustees who have served during the year and since the year end are as follows:

M J Williams R Sohnchen L Rankin T Lambert Resigned 30.11.2022 M Wichmann S Brazier Appointed 25.7.2022

All the Trustees are also members of the charity.

Independent Examiner: Tim Davis FCA 6 Russet Grove Bawtry Doncaster DN10 6RN

Bankers: NatWest 1 Market Place Nuneaton Warwickshire CV11 4YY

Page 2

PROTON FOUNDATION

TRUSTEE’S ANNUAL REPORT (incorporating Director’s Report) FOR THE YEAR ENDED 31 DECEMBER 2022

The trustees present their report and financial statements of the charity for the year ended 31 December 2022. 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.

The financial statements have been prepared in accordance with the accounting policies set out in the notes to the accounts and comply with the charity governing document, the Charities Act 2011 and 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 published in October 2019 (second edition).

STRUCTURE, GOVERNANCE AND MANAGEMENT

The organisation is a charitable company limited by guarantee, without a share capital. The company's governing document is the Memorandum and Articles of Association which established the objects and powers of the charitably company.

In the event of the company being wound up members are required to contribute an amount not exceeding £10.

OBJECTIVES AND ACTIVITIES

The principal objectives of the charity continue to be:

In setting our objectives and planning our activities, the Trustees have given careful consideration to the Charity Commission's guidance on public benefit, including the guidance 'public benefit: running a Charity (PB2)'. In particular to its supplementary public benefit guidance on advancing education and on fee charging.

In setting our objectives and planning our activities, the Trustees have given careful consideration to the Charity Commission's guidance on public benefit, including the guidance 'public benefit: running a Charity (PB2)'. In particular to its supplementary public benefit guidance on advancing education and on fee charging.

Page 3

PROTON FOUNDATION

TRUSTEE’S ANNUAL REPORT (incorporating Director’s Report) FOR THE YEAR ENDED 31 DECEMBER 2022 (continued)

Our key objectives for the year included:

ACHIEVEMENTS AND PERFORMANCE

At Proton Foundation our vision is to impact thousands and thousands of vulnerable children and young people’s lives to 'flourish into everything that they can be'...we understand that to see this happen we need to continue to multiply our 'hub model', enabling us to reach further and wider, working in partnership with likeminded organisations.

WHAT IS A HUB: A Hub is a ‘centre’ that has taken responsibility for delivering the Flourish Project in its local area. A centre could be a school, youth club, sports club, charity & faith community.

In 2020 we created a replicable 'hub model' and we saw one hub join us.

In 2021 we ended the year with 17 hubs in total.

In 2022 we have seen an overall increase of 88.23% ( 32 hubs ) 21 are new and 11 are renewed subscriptions - meaning a 65% retention rate.

Our current hub area percentage split is as follows.

*Please note that Edenstone Hubs represent South Wales Schools

Page 4

PROTON FOUNDATION

TRUSTEE’S ANNUAL REPORT (incorporating Director’s Report) FOR THE YEAR ENDED 31 DECEMBER 2022 (continued)

GEOGRAPHICAL SPLITS FOR HUB PARTNERS IN 2022

England :- Warwickshire (2 hubs), West Midlands (2), Leicestershire (4), East Midlands (1) = 9 hubs in total.

Scotland :- Aberdeenshire (5), Lanarkshire (1) = 6 hubs in total. Wales :- Vale of Glamorgan (1), Carmarthenshire (1), Monmouthshire (4), Rhondda Lynon Taff (1), Caerphilly (5), Blaenau Gwent (1), Torfean (1), Swansea (1), Cardiff (2) = 17 hubs in total.

Showing from our geographical split, Wales represents 53% of our charitable activities. This is due to us developing two key strategic partnerships with Edenstone Foundation and Llandaff Diocese. Each of these partners financially support the charity monthly, with the conditions that the people to benefit from their support are from within the South Wales area, hence why the increased activity.

FACILITATOR TRAINING

Through our hub partnerships we delivered 8 training events throughout the UK. Training 92 adults to become Flourish facilitators, equipping them to run an 8-week mental wellbeing programme, these facilitators were a mix of; teachers, Senco workers, teaching assistants, behaviour officers, youth pastors, children’s workers, volunteers, vicars, school engagement officers, deputy heads and family support workers.

During this training, the facilitators learn our 'reason why', the 'need' and understand the theory and concept behind the project. Followed by the practical application of each session. As part of this approach each facilitator has the chance to present a section of the Flourish programme to the whole cohort. Giving opportunity for feedback and enhancing their learning experience.

These training events took place in; Newport, Cardiff, Pontyclun, Aberdeen, Coventry, Nuneaton and Hinckley.

Through our partnerships in 2022 we have seen the Flourish project being delivered in 54 schools across the UK.

Page 5

PROTON FOUNDATION

TRUSTEE’S ANNUAL REPORT (incorporating Director’s Report) FOR THE YEAR ENDED 31 DECEMBER 2022 (continued)

FEEDBACK FROM THE TRAINING

‘The knowledge and resources have been invaluable. I could see from the first hour the impact that the course could have on the children in our school.'

‘I feel privileged to have been part of the Flourish training. The programme is imaginative and is perfectly tailored to help young people with their well-being.’

‘My favourite aspect of the training was the pedagogy behind changing my own mindset in order to support the shift in the children’s mindset.’

‘I thoroughly enjoyed this course. I am usually a sceptic about the true value of independent and new training ideas. With well-being a focussed ‘buzz-word’ because of these unprecedented times, I am happily proven wrong.’

FLOURISH ONLINE

Is an online platform that mirrors the face-to-face project but does not require a facilitator to deliver the

project. Young people are given a log-in and work through the material at their own pace. In 2022 we had 10 schools take small cohorts of young people through the online project, all these schools are based in Leicestershire, due to the funding that was available. 251 young people have completed this online project.

FEEDBACK FROM FLOURISH ONLINE

On session 1 the platform asks the young person, what they would like to get from the project, below is a selection of the young people’s answers:

‘I want to be a little bit more confident and less anxious all the time’,

‘To like my self-image and appearance’,

‘I want to be more confident, even though I seem it I'm not and I want to love myself more. I also want to worry much and my anxiety to decrease’,

‘I want to feel like I have some self-worth’,

‘Be able to control my anger more.’

Page 6

PROTON FOUNDATION

TRUSTEE’S ANNUAL REPORT (incorporating Director’s Report) FOR THE YEAR ENDED 31 DECEMBER 2022 (continued)

On session 8 the platform asks the young person, if the programme has impacted them, below is a selection of the young people’s answers:

‘The flourish project has helped me develop my mental health in a way that no other mental health site has before. It finds the root of the problem and provides excellent ways to solve it. I personally think that flourish is the best website for helping young children with their mental health. It has helped me flourish and grow. These 8 weeks have been very educational for me and I hope I can learn to grow my self-esteem. Thank you, Flourish’.

‘The flourish program has helped me see more positive things about myself and has helped me feel more confident in myself’

‘Because, before I sometimes felt that I am useless but now I feel very good about myself’ ‘It has made me think about my choices and how they will affect me’

OUR IMPACT DURING 2022

This year we have seen 1091 vulnerable young people aged between 8 – 16 years old go through the 8-week project. 840 of these young people have been taken through the project by a facilitator and 251 young people through the online platform. We have seen an average increase in three of the following areas:

An average improvement in mental wellbeing of 18.78%

An average increase of self-esteem of 15.99%

An average increase of happiness of 20.07%

WHATS THE SIGNIFICANCE OF OUR RESULTS

To help us understand the significance of our average percentage per young person at 18.31%, we have spoken to Psychologists and have read peer-reviewed research articles.

For example, Professor Jonathan Warren (Psychologist and previous CEO of Norfolk & Suffolk NHS Foundation Trust) tells us that any change over 10% can be life-changing for individuals and their future trajectory. And a paper focussed on promoting positive mental health and wellbeing in schools (Bjørnsen et al) reported that a 9.1% increase in girls, and a 2.1% increase across all 357 participants in their study was “significant.”

Page 7

PROTON FOUNDATION

TRUSTEE’S ANNUAL REPORT (incorporating Director’s Report) FOR THE YEAR ENDED 31 DECEMBER 2022 (continued)

Professor Jonathan Warren (previous CEO of Norfolk & Suffolk NHS Foundation Trust) said this about our project:

“We are living in times where children are struggling in silence, many with issues that affect their mental wellbeing. In my experience as an experienced healthcare professional, working alongside adults who have struggled with their mental health, these were issues that they faced during adolescence. We all need to work towards finding long-term preventative solutions that can be easily integrated into school cultures at an early age, this will help combat the ever-growing issue around mental ill health. I believe The Flourish Project is one solution that can help children start to form healthy habits & positive self-talk, which in turn builds resilience. The impact that this project has seen in improving mental wellbeing & self-esteem is significant and their research over the last few years has demonstrated that this could be a game-changer”.

FEEDBACK FROM YOUNG PEOPLE THAT HAVE BEEN THROUGH THE FACE-TO-FACE PROJECT

‘Flourish has helped me a lot, when I was younger I went through a really rough time with people and pets dying, and I tried to do commit suicide and now going through the project I don’t want to take my life anymore as I’m happier.’ – Boy aged 12 years old

‘It’s helped me to understand that you don’t need to hurt yourself just because you feel guilty for bad things that happen’. – Boy aged 12 years old

‘I haven’t put myself down as much and have learned to be kinder to myself’ . – Girl aged 14 years old

‘It’s helped me to build my confidence and helped me to make better choices about my behaviour. I had 15 behaviour points before I started, now I’ve got 2’ . – Boy aged 13 years old

Page 8

PROTON FOUNDATION

TRUSTEE’S ANNUAL REPORT (incorporating Director’s Report) FOR THE YEAR ENDED 31 DECEMBER 2022 (continued)

FEEDBACK FROM FACILITATORS WHO HAVE WORKED WITH YOUNG PEOPLE ON THE FACE-TOFACE PROJECT

‘At a Child-In-Need Social Services multi-disciplinary meeting, the parents of one child said that their daughter loved coming to school on the 'Flourish' day. She really enjoyed doing it and it was having a positive impact on her'. - Year 7 Teacher

'We’ve had conversations around Suicide with the young people and they have opened up so much and we have been able to deal with some of these thoughts through parents and teachers'. – Youth Pastor

‘We finished with our rooted group. The deputy head asked to see us just before the final session and we were blown away by the feedback we got from her. She said the boys have all just loved it, the teachers have noticed a difference in them, and parents had been in touch with the school to say they were grateful their boys were on the course and thank the school for it. So, she asked us if we would please keep going with another group and of course we said yes!’ – Youth worker

‘The cohort really looked forward to flourish every week. A large percentage of the children participated in the toothbrush challenge, and some taught their family members. The children would refer to the different activities throughout their everyday learning. The children began to open up as the project developed. In future I will ensure the programme is carried out early in the year for a greater impact throughout. ' - Year 5 Teacher

PARENTAL FEEDBACK

'This project is amazing and it was such a life saver for my son'.

'It has had a big impact on my daughter, you have done a fab job'.

'My son said he can't wait for Monday to speak with you at Nant y Parc, he is super excited, thank you for arranging this project for him'.

Page 9

PROTON FOUNDATION

TRUSTEE’S ANNUAL REPORT (incorporating Director’s Report) FOR THE YEAR ENDED 31 DECEMBER 2022 (continued)

PLANS FOR THE FUTURE

As we move into 2023, we are continuing with our strategic partnerships these being; Edenstone and Llandaff Diocese. Through these partners, we have a commitment to see 18 new schools become Flourish Hubs. We are anticipating 25 of our current hubs to continue their partnership and confident that we will see new hubs join and partner with us, to bring financial resources and new connections.

To press forward for the future, whilst mitigating the risk, we have several processes in place to help us as an organisation:

PLAN FOR FINANCIAL YEAR 2023

In 2022 we have seen an overall increase of 88.23% (32 hubs) from 2021.

In 2023 we are aiming to increase our overall growth by 103.12% (this being 40 new hubs and 25 existing hubs – a retention rate of 80%).

We understand that this is an aspirational goal. However, the trustees are confident that we will be able to work towards seeing this outworked, both financially and operationally.

Below is our strategic organisational plan for medium- and long-term growth. In 2023 we will be working towards achieving some of the medium objectives.

Page 10

PROTON FOUNDATION

TRUSTEE’S ANNUAL REPORT (incorporating Director’s Report) FOR THE YEAR ENDED 31 DECEMBER 2022 (continued)

The Trustees remain confident that the Charitable Company remains strong and at the balance sheet date remains a going concern with sufficient reserves available to maintain and grow the charities activities.

FINANCIAL REVIEW

The Trustees consider the financial performance by the charity during the year 31 December 2022.

An annual budget is prepared, and actual results against this budget are reviewed by the Trustees quarterly. Due to this regular review process, any reduction in planned income is able to make adjustment to the budget in a timely manner in order to safeguard the charity and its reserves.

At 31 December 2022 the charity had total reserves of £73,499 (2021: £79,328) of which £3,511 was restricted (2021: £18,566) and £13,192 was designated for specific projects (2021: £37,909). Free reserves were £56,796 (2021: £22,853). The trustees are satisfied that the free reserves meets their reserves policy.

RESERVES POLICY

Reserves are that part of a charity’s unrestricted funds that is freely available to spend on any of the charity’s purposes. Proton Foundation maintains free reserves in order to:

The board of trustees will review the above criteria with reference to Proton Foundation’s strategy and Annual Plan, and determine the target level of free reserves to meet these.

The board of trustees will at times designate funds from free reserves for significant project costs or replacement of major assets.

The current target of free reserves is to maintain a level equivalent to 3 to 6 months of expenditure.

Page 11

PROTON FOUNDATION

TRUSTEE’S ANNUAL REPORT (incorporating Director’s Report) FOR THE YEAR ENDED 31 DECEMBER 2022 (continued)

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:

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 8 February 2023 and signed on its behalf by:

M Wichmann

M Wichmann (Apr 13, 2023 21:42 GMT+1)

M Wichmann Chair of Trustees/Director

Page 12

PROTON FOUNDATION

INDEPENDENT EXAMINERS’ REPORT FOR THE YEAR ENDED 31 DECEMBER 2022

I report to the trustees on my examination of the accounts of the charitable company for the year ended 31 December 2022 which are set out on pages 14 to 25.

Responsibilities and basis of report

As the charity 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 our examination of your charitable company's accounts as carried out under section 145 of the Charities Act 2011 ("the 2011 Act"). In carrying out our 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 can confirm that no matters have come to my attention in connection with the examination giving me cause to believe that in any material respect:

  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 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 to enable a proper understanding of the accounts to be reached.

Tim Davis FCA Chartered Accountant (ICAEW) 6 Russet Grove Bawtry Doncaster DN10 6RN

T A Davis T A Davis (Apr 14, 2023 18:21 GMT+1)

Apr 14, 2023 Dated: ………………………….

Page 13

PROTON FOUNDATION

STATEMENT OF FINANCIAL ACTIVITIES (including Income & Expenditure Account) FOR THE YEAR ENDED 31 DECEMBER 2022

Unrestricted
funds
Designated
funds
Restricted
funds
Total
2022
2022
2022
2022
Notes
£
£
£
£
Income and endowments from:
Donations & grants
3
25,906
3,848
4,400
34,154
Charitable Activities
4
-
77,192
5,850
83,042
Other trading activities
5
1,598
-
-
1,598
Investments
6
121
-
-
121
Other income
7
1,891
-
-
1,891
Total income
29,516
81,040
10,250 120,806
Expenditure:
Raising funds
8
7,168
-
-
7,168
Charitable Activities
9
19,676
76,716
23,075 119,467
Total resouces expended
26,844
76,716
23,075 126,635
2,672
4,324
(12,825)
(5,829)
Transfers between funds
16
29,041
(29,041)
-
-
Capital grant expenditure
16
2,230
-
(2,230)
-
33,943
(24,717)
(15,055)
(5,829)
22,853
37,909
18,566
79,328
Fund balances at
31 December 2022
56,796
13,192
3,511
73,499
Net incoming/(outgoing)
resources before transfers
Fund balances at
1 January 2022
Net income/(expenditure) for
the year /
net movement in funds		 Unrestricted
funds
Designated
funds
Restricted
funds
Total
2022
2022
2022
2022
Notes
£
£
£
£
Income and endowments from:
Donations & grants
3
25,906
3,848
4,400
34,154
Charitable Activities
4
-
77,192
5,850
83,042
Other trading activities
5
1,598
-
-
1,598
Investments
6
121
-
-
121
Other income
7
1,891
-
-
1,891
Total income
29,516
81,040
10,250 120,806
Expenditure:
Raising funds
8
7,168
-
-
7,168
Charitable Activities
9
19,676
76,716
23,075 119,467
Total resouces expended
26,844
76,716
23,075 126,635
2,672
4,324
(12,825)
(5,829)
Transfers between funds
16
29,041
(29,041)
-
-
Capital grant expenditure
16
2,230
-
(2,230)
-
33,943
(24,717)
(15,055)
(5,829)
22,853
37,909
18,566
79,328
Fund balances at
31 December 2022
56,796
13,192
3,511
73,499
Net incoming/(outgoing)
resources before transfers
Fund balances at
1 January 2022
Net income/(expenditure) for
the year /
net movement in funds		 Unrestricted
funds
Designated
funds
Restricted
funds
Total
2021
2021
2021
2021
£
£
£
£
25,906
3,848
4,400
34,154
-
77,192
5,850
83,042
1,598
-
-
1,598
121
-
-
121
1,891
-
-
1,891		 16,785
2,021
4,000 22,806
-
19,504
23,880 43,384
-
-
-
-
19
-
-
19
12
-
-
12
29,516
81,040
10,250 120,806		 16,816
21,525
27,880 66,221
7,168
-
-
7,168
19,676
76,716
23,075 119,467		 -
-
-
-
23,783
15,742
31,339 70,864
26,844
76,716
23,075 126,635		 23,783
15,742
31,339 70,864
2,672
4,324
(12,825)
(5,829)
29,041
(29,041)
-
-
2,230
-
(2,230)
-		 (6,967)
5,783
(3,459) (4,643)
(681)
916
(235)
-
-
-
-
-
33,943
(24,717)
(15,055)
(5,829)
22,853
37,909
18,566
79,328		 (7,648)
6,699
(3,694) (4,643)
30,501
31,210
22,260 83,971
56,796
13,192
3,511
73,499		 22,853
37,909
18,566 79,328

The statement of financial activities includes all gains and losses recognised in the year.

All income and expenditure derives from continuing activities.

The statement of financial activities also complies with the requirement for an income and expenditure account under the Companies Act 2006.

Page 14

PROTON FOUNDATION

BALANCE SHEET AS AT 31 DECEMBER 2022

Notes
Fixed assets
Tangible fixed assets
13
Current assets
Debtors
14
Cash at bank and in hand
Creditors: amounts falling due within 1 year
15
Net current assets
Total assets less current liabilities
Funds
Restricted funds
16
Unrestricted funds
- Designated funds
16
- General funds
16
18		 £
£
£
£
2,230
-
19,015
2,091
67,279
79,849
86,294
81,940
15,025
2,612
71,269
79,328
73,499
79,328
3,511
18,566
13,193
8,868
56,795
51,894
73,499
79,328
2022
2021		 £
£
£
£
2,230
-
19,015
2,091
67,279
79,849
86,294
81,940
15,025
2,612
71,269
79,328
73,499
79,328
3,511
18,566
13,193
8,868
56,795
51,894
73,499
79,328
2022
2021
19,015
67,279		 -
79,328
86,294
15,025
79,328
18,566
8,868
51,894
79,328

The charitable company is entitled to the exemption from the audit requirement contained in section 477 of the Companies Act 2006, for the year ended 31 December 2022. No member of the charitable company has deposited a notice, pursuant to section 476, requiring and audit of those accounts.

The Trustees acknowledge their responsibility for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.

These financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies regime.

08/02/2023 The financial statements were approved by the Board of Trustees and authorised for issue on …............................ and were signed on its behalf by:

M Wichmann

…............................................................................. M Wichmann (Apr 13, 2023 21:42 GMT+1)

M Wichmann

Chair of Trustees

Company Number 05801211

Page 15

PROTON FOUNDATION NOTES TO THE ACCOUNTS FOR THE YEAR ENDED 31 DECEMBER 2022

1 Accounting policies

Charity information

Proton Foundation is a charitable company limited by guarantee, incorporated in England and Wales. The registered office is 242 Leicester Road, Markfield, Leicester, LE67 9RG.

1.1 Accounting convention

The financial statements have been prepared in accordance with the charitable company's memorandum and articles of association, the Companies Act 2006, the Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland (FRS102), 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 issued in October 2019, UK Generally Accepted Accounting Practice and applicable charity and company law. The charitable company is a Public Benefit Entity as defined by FRS102. The charitable company has taken advantage of the provisions in the SORP for charities applying FRS102 Update Bulletin 1 not to prepare a Statement of Cash Flows.

The financial statements are prepared in sterling, which is the functional currency of the charitable company. Monetary amounts in these financial statements are rounded to the nearest £.

The financial statements have been prepared under the historical cost convention. The principal accounting policies adopted are set out below.

1.2 Going concern

The financial statements are prepared on a going concern basis under the historical cost convention, modified to include certain items at fair value where considered necessary. The trustees have reason to believe, at the date of signing the accounts, that the going concern basis remains appropriate.

1.3 Charitable funds

Unrestricted funds are available for use at discretion of the Trustees in furtherance of their charitable objectives.

Designated funds comprise unrestricted funds that have been set aside by the trustees for particular purposes. The aim and use of each designated fund is set out in the notes to the financial statements.

Restricted funds are subject to specific conditions by donors as to how they may be used. The purposes and uses of the restricted funds are set out in the notes to the accounts.

Transfers are made between funds when adequate justification and supporting evidence is provided.

1.4 Incoming resources

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.

Donations and legacies receivable are accounted for where there is entitlement, sufficient certainty of receipt and the amount can be measured reliably. In the case of unsolicited donations this is usually only when received. All other income is accounted for under the accruals concept. No amounts are included in the financial statements for services donated by volunteers. Donated capital items are included within the financial statements at their current value at the time of donation. Income received for future periods is deferred until those periods.

Page 16

PROTON FOUNDATION NOTES TO THE ACCOUNTS (continued) FOR THE YEAR ENDED 31 DECEMBER 2022

1 Accounting policies (continued)

1.5 Resources expended

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 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.

1.6 Taxation

The charity is exempt from corporation tax on its charitable activities.

1.7 Cash and cash equivalents

Cash and cash equivalents include cash in hand, deposits held at call with banks, other short-term liquid investments with original maturities of three months or less, and bank overdrafts. Bank overdrafts are shown within borrowings in current liabilities.

1.8 Financial instruments

The charitable company has elected to apply the provisions of Section 11 'Basic Financial Instruments' and Section 12 'Other Financial Instruments Issues' of FRS102 to all of its financial instruments.

Financial instruments are recognised in the charitable company's balance sheet when the charitable company becomes party to the contractual provisions of the instrument.

Financial assets and liabilities are offset, with the net amounts presented in the financial statements, when there is a legally enforceable right to set off the recognised amounts and there is an intention to settle on a net basis or to realise the asset and settle the liability simultaneously.

1.9 Employee benefits

The cost of any unused holiday entitlement is recognised in the period in which the employee's services are received.

Termination benefits are recognised immediately as an expense when the charitable company is demonstrably committed to terminate the employment of an employee or to provide termination benefits.

1.10 Retirement benefits

The charitable company operated a defined contribution scheme under auto-enrolment.

Contributions payable are charged to the statement of financial activities in the year in which they are payable.

1.11 Leases

Rentals payable under operating leases, including lease incentives received, are charged as an expense on a straight line basis over the term of the relevant lease.

Page 17

PROTON FOUNDATION NOTES TO THE ACCOUNTS (continued) FOR THE YEAR ENDED 31 DECEMBER 2022

1 Accounting policies (continued)

1.12 Tangible Fixed Assets

Fixed assets are stated at cost less depreciation. Depreciation is calculated to write down the cost or valuation of tangible fixed assets to their estimated residual values over their estimated useful economic lives at the following annual rates:

Office fixtures & fittings 25% of cost Computer equipment 33.33% of cost

1.13 Creditors and provisions

Creditors and provisions are recognised where the charitable company has a present obligation resulting from a past event that will probably result in the transfer of funds to a third party and the amount due to settle the obligation can be measured or estimated reliably. Creditors and provisions are normally recognised at their settlement value.

1.14 Debtors

Debtors are recognised at the settlement amount due.

2 Critical accounting estimates and judgements

In the application of the charitable company´s accounting policies, the Trustees are required to make judgements, estimates and assumptions about the carrying amount of assets and liabilities that are not readily apparent from other sources. The estimates and associated assumptions are based on historical experience and other factors that are considered to be relevant. Actual results may differ from these estimates.

The estimates and underlying assumptions are reviewed on an ongoing basis. Revisions to accounting estimates are recognised in the period in which the estimate is revised where the revision affects only that period, or in the period of the revision and future periods where the revision affects both current and future periods.

3
4
For the year ended 31 December 2021
Donations and gifts
Grants
For the year ended 31 December 2021
Charitable activities income
Flourish online
HUB's
South Wales
Global transformation
Donations and legacies		 Unrestricted
funds
Designated
funds
Restricted
funds
Total
Total
2022
2022
2022
2022
2021
£
£
£
£
£
7,656
3,848
-
11,504
13,756
18,250
-
4,400
22,650
9,050
25,906
3,848
4,400
34,154
22,806
16,785
2,021
4,000
22,806
Unrestricted
funds
Designated
funds
Restricted
funds
Total
Total
2022
2022
2022
2022
2021
£
£
£
£
£
-
-
250
250
26,100
-
26,769
4,600
31,369
7,889
-
50,423
1,000
51,423
9,118
-
-
-
-
277
-
77,192
5,850
83,042
43,384
-
19,504
23,880
43,384

Page 18

PROTON FOUNDATION

NOTES TO THE ACCOUNTS (continued) FOR THE YEAR ENDED 31 DECEMBER 2022

**5 ** Other trading activities income Unrestricted
funds		 Designated
funds		 Restricted
funds		 Total Total
2022 2022 2022 2022 2021
£ £ £ £ £
Fundraising income 811 - - 811 -
Online licenses 787 - - 787 -
1,598 - - 1,598 -
For the year ended 31 December 2021 - - - -
**6 ** Investment Income 2022 2021
£ £
Investment income 121 19
All investment income for the current and prior year was unrestricted.
**7 ** Other income 2022 2021
£ £
Other income 51 12
Donated services 1,840 -
**1,891 ** 12
NOTES TO THE ACCOUNTS(continued)
FOR THE YEAR ENDED 31 DECEMBER 2022		 THE ACCOUNTS(continued)
AR ENDED 31 DECEMBER 2022
5 Other trading activities income
Unrestricted
funds
Designated
funds
Restricted
funds
2022
2022
2022
£
£
£
Fundraising income
811
-
-
Online licenses
787
-
-
1,598
-
-
-
-
-
6 Investment Income
Investment income
7 Other income
Other income
Donated services
For the year ended 31 December 2021
All investment income for the current and prior year was unrestricted.		 Unrestricted
funds
Designated
funds
Restricted
funds
2022
2022
2022
£
£
£		 Total
Total
2022
2021
£
£
811
-
-
787
-
-		 811
-
787
-
1,598
-
-		 1,598
-
-
2022
2021
£
£
121
19
2022
2021
£
£
51
12
1,840
-
1,891
12
8 Cost of raising funds
Unrestricted
funds
Designated
funds
Restricted
funds
Total
Total
2022
2022
2022
2022
2021
£
£
£
£
Fundraising costs
3,150
-
-
3,150
-
Share of support costs (see note 10)
4,018
-
-
4,018
-
7,168
-
-
7,168
-
-
-
-
-
9 Charitable activity expenditure
Unrestricted
funds
Designated
funds
Restricted
funds
Total
Total
Note
2022
2022
2022
2022
2021
20
£
£
£
£
-
5,441
6,007
11,448
26,649
-
20,991
4,426
25,417
5,236
-
50,284
1,000
51,284
13,103
-
-
-
-
861
-
-
8,874
8,874
-
-
76,716
20,307
97,023
45,849
Share of support costs (see note 10)
16,146
-
2,768
18,914
23,878
Share of governance costs (see note 10)
3,530
-
-
3,530
1,137
Total charitable expenditure
19,676
76,716
23,075
119,467
70,864
23,783
15,742
31,339
70,864
Total resources expended
26,844
76,716
23,075
126,635
70,864
23,783
15,742
31,339
70,864
For the year ended 31 December 2021
For the year ended 31 December 2021
Flourish online
HUB's
South Wales
Global transformation
Return of restricted funds
For the year ended 31 December 2021
All other income for the current and prior year was unrestricted.
23,783
15,742
31,339
70,864

Page 19

PROTON FOUNDATION

NOTES TO THE ACCOUNTS (continued) FOR THE YEAR ENDED 31 DECEMBER 2022

10 Support and governance costs
Note
Support
21
Grants & gifts made
Staff costs
Staff welfare & training
Travel & accommodation
Publicity & promotion
Office & IT
Bookkeeping & payroll
Finance charges
Governance
Staff costs
Independent Examination
Accountancy
Other legal and professional fees
Analysed between
Fundraising
Charitable Activities
For the year ended 31 December 2021
For the year ended 31 December 2021
Fundraising
Charitable Activities		 Unrestricted
funds
Designated
funds
Restricted
funds
Total
Total
2022
2022
2022
2022
2021
£
£
£
£
£
-
-
-
-
-
4,018
-
2,768
6,786
10,647
1,492
-
-
1,492
831
1,404
-
-
1,404
992
74
-
-
74
457
6,024
-
-
6,024
7,478
7,090
-
-
7,090
3,360
62
-
-
62
113
2,450
-
-
2,450
-
(60)
-
-
(60)
780
1,020
-
-
1,020
-
120
-
-
120
357
23,694
-
2,768
26,462
25,015
22,733
-
2,282
25,015
4,018
-
-
4,018
19,676
-
2,768
22,444
23,694
-
2,768
26,462
-
-
-
22,733
-
2,282
22,733
-
2,282
25,015

Support, fundraising and governance costs are allocated on the basis of time spent.

Governance costs includes £nil (2021: £780) in respect of the independent examination.

11 Related Party Transactions

During the year there have been a number of related party transactions, which are set out below:

Salary
Pension contributions
Expenses incurred on behalf of the charity in the normal course of her duties
Services & products provided to Proton Foundation
Mrs H Williams_is the wife of trustee MJ Williams and the CEO of Proton Foundation.
During the year she received the following:
_We Develop People Ltd- M J Williams is a director of this company and a trustee. During
the year the company received the following:		 2022
2021
£
£
25,476
22,620
764
682
2,313
601
2022
2021
£
£
5,951
800

Other than disclosed above, there were no other trustees' remumeration, expenses or other benefits for the year ended 31 December 2022 nor the year ended 31 December 2021.

Page 20

PROTON FOUNDATION

NOTES TO THE ACCOUNTS (continued) FOR THE YEAR ENDED 31 DECEMBER 2022

NOTES TO THE ACCOUNTS(continued)
FOR THE YEAR ENDED 31 DECEMBER 2022
12 Employees
Number of employees
The average monthly number of employees during the year was:
Employment costs
Wages and salaries
Social security costs
Pension costs		 2022
2021
Number
Number
3
3
2022
2021
£
£
57,701
43,199
-
-
1,672
1,213
59,373
44,412

There were no employees whose annual remuneration was £60,000 or more.

13 Tangible Fixed Assets

Cost or Valuation:
As at
Additions
Disposals
As at
Depreciation:
As at
Charge for year
Eliminated on disposal
As at
Net book value:
As at
As at
31 December 2022*
01 January 2022
31 December 2022
01 January 2022
31 December 2022
31 December 2021		 Fixtures &
Fittings
-
2,230
-		 Computer
Equipment
Total
-
-
-
2,230
-
-
2,230 -
2,230
-
-
-		 -
-
-
-
-
-
- -
-
- -
-
2,230 -
2,230

All assets are held for the Charity's own use

14 Debtors: amounts falling due within one year:
Trade debtors
Prepayments and accrued income
Other debtors		 2022
2021
£
£
13,000
-
5,746
1,950
269
141
19,015
2,091

Page 21

PROTON FOUNDATION

NOTES TO THE ACCOUNTS (continued) FOR THE YEAR ENDED 31 DECEMBER 2022

NOTES TO THE ACCOUNTS(continued)
FOR THE YEAR ENDED 31 DECEMBER 2022		 NOTES TO THE ACCOUNTS(continued)
FOR THE YEAR ENDED 31 DECEMBER 2022
15
**16 **		 Creditors : amounts falling due within one year:
2022
2021
£
£
Trade creditors
18
871
Other taxation, social security & pensions
1,391
621
Accruals & deferred income
13,616
1,120
15,025
2,612
Movement in funds
Balance at
1.1.2022
Incoming
resources
Resources
expended
Transfers
Balance
at 31.12.2022
RESTRICTED FUNDS
£
£
£
£
£
Flourish online
National Lottery
2,307
-
(2,307)
-
-
Leicestershire Community Fund
3,450
-
(3,450)
-
-
Groundwork
-
250
(250)
-
-
HUB's
Upstream
834
-
(834)
-
-
National Philantropic
333
-
(333)
-
-
Leicestershire & Rutland CMF
-
2,600
(2,600)
-
-
Bishop Radford Trust
-
2,000
(659)
-
1,341
South Wales
Groundwork
-
1,000
(1,000)
-
-
Global Transformation
TV Programmes
8,874
-
(8,874)
-
-
Core costs
LCC Shire Grant
2,768
-
(2,768)
-
-
Clothworker Foundation
-
4,400
-
(2,230)
2,170
Total Restricted Funds
18,566
10,250
(23,075)
(2,230)
3,511
DESIGNATED FUNDS(Unrestricted)
Tithe fund / Mustard seed fund
2,023
3,848
-
-
5,871
Flourish online
Tesco
750
-
(750)
-
-
Co-op Community
6,009
-
(4,605)
-
1,404
Self generated income
86
-
(86)
-
-
HUB'S
Donations
-
270
(270)
-
-
Grants
-
8,000
(1,756)
-
6,244
Invoiced income
-
18,500
(18,965)
(465)
South Wales
Edenstone
-
28,250
(28,250)
-
-
Llandaff Diocese
-
4,000
(4,000)
-
-
Invoiced income
-
18,172
(18,034)
-
139
Global Transformation
29,041
-
-
(29,041)
-
Total Designated Funds
37,909
81,040
(76,716)
(29,041)
13,193
Unrestricted Fund/Free Reserves
22,853
29,517
(24,616)
29,041
56,795
TOTAL FUNDS
79,328
120,807
(124,407)
(2,230)
73,499*		 2022
2021
£
£
18
871
1,391
621
13,616
1,120
15,025
2,612
Transfers
Balance
at 31.12.2022
£
£
2,307
-
(2,307)
-
-
3,450
-
(3,450)
-
-
-
250
(250)
-
-
834
-
(834)
-
-
333
-
(333)
-
-
-
2,600
(2,600)
-
-
-
2,000
(659)
-
1,341
-
1,000
(1,000)
-
-
8,874
-
(8,874)
-
-
2,768
-
(2,768)
-
-
-
4,400
-
(2,230)
2,170
18,566
10,250
(23,075)
(2,230)
3,511
2,023
3,848
-
-
5,871
750
-
(750)
-
-
6,009
-
(4,605)
-
1,404
86
-
(86)
-
-
-
270
(270)
-
-
-
8,000
(1,756)
-
6,244
-
18,500
(18,965)
(465)
-
28,250
(28,250)
-
-
-
4,000
(4,000)
-
-
-
18,172
(18,034)
-
139
29,041
-
-
(29,041)
-
37,909
81,040
(76,716)
(29,041)
13,193
22,853
29,517
(24,616)
29,041
56,795

*Clothworker Foundation is a capital grant. At the point of purchasing the items they are transferred to unrestricted fund assets.

Page 22

PROTON FOUNDATION NOTES TO THE ACCOUNTS (continued) FOR THE YEAR ENDED 31 DECEMBER 2022

17 Restricted funds

Flourish online

This is an online Flourish course instigated through the Covid19 pandemic as a way to continue to reach young people. Grants received in the year: Groundwork £250.

HUBs

These are HUBs that have been trained to deliver the Flourish project face to face with young people. Grants received in the year: Leicestershire & Rutland CMF £2,600, Bishop Radford Trust £2,000, and an unrestricted Grant from Benefact Trust that has been dedicated to HUBs to deliver the Flourish Project into 8 churches.

South Wales

These are HUBs set up specifically in South Wales, the same as HUBs but due to specific designated funding has been set up as a separate project. Grant received in the year: Groundwork £1,000, and unrestricted grants from Edenstone £28,250 and Llandaff Dioces £4,000 that have been dedicated to South Wales delivery.

18
Analysis of net assets between funds
Restricted funds
Unrestricted funds
- Capital funds
- Designated funds
- General funds
At 31 December 2022		 Note Fixed
Assets
Current
Assets
Current
Liabilities
Total
£
£
£
£
16
16		 -
3,511
-
3,511
2,230
-
-
2,230
-
13,193
13,193
-
69,591
(15,025)
54,566
2,230
86,294
(15,025)
73,499

19 Operating lease commitments

At the reporting end date the charitable company had outstanding commitments for future minimum lease payments under non-cancellable operating leases, which fall due as follows:

payments under non-cancellable operating leases, which fall due as follows:
Within one year
Between two and five years		 2022
2021
£
£
1,800
-
-
-
1,800
-

The contractual lease commitment is from 1 January 2023 for 12 months and a rolling 1 month notice period thereafter.

Page 23

PROTON FOUNDATION

PROJECT INCOME & EXPENDITURE FOR THE YEAR ENDED 31 DECEMBER 2022

20
INCOME
Donations & gift aid
Grants
Licenses
Resources
Training
Other
EXPENDITURE
Staff costs
Training consultants
Resources
Platform licenses
Project development
Marketing & website
Subscriptions
Venue hire
Travel & accommodation
Sundry
Net movment in year
Transfers between funds
Restricted funds @ 31.12.2021
Dedicated funds @ 31.12.2021
Project funds @ 31.12.2021
Restricted funds @ 31.12.2022
Dedicated funds @ 31.12.2022
Project funds @ 31.12.2022*		 Flourish
Online
HUB's
South
Wales
Projects
Total
2022
2022
2022
2022
£
£
£
£		 Flourish
Online
HUB's
South
Wales
Projects
Total
2021
2021
2021
2021
£
£
£
£
-
270
250
520
250
16,035
33,250
49,535
-
11,565
12,857
24,422
-
1,692
4,895
6,587
-
1,319
171
1,490
-
488
-
488		 -
3,474
2,750
6,224
26,015
-
5,000
31,015
86
2,835
968
3,889
-
1,495
225
1,720
-
86
175
261
-
-
-
-
250
31,369
51,423
83,042		 26,100
7,890
9,118
43,108
8,095
15,120
26,922
50,137
-
2,250
1,800
4,050
-
3,096
12,837
15,933
2,880
-
-
2,880
-
2,426
2,876
5,302
469
656
977
2,102
-
25
101
126
-
447
1,059
1,506
4
1,397
4,649
6,050
-
-
63
63		 19,807
3,873
10,276
33,956
-
300
400
700
72
1,063
1,779
2,914
1,680
-
-
1,680
3,642
-
-
3,642
1,448
-
300
1,748
-
-
-
-
-
-
-
-
-
-
348
348
-
-
-
-
11,448
25,417
51,284
88,149		 26,649
5,236
13,103
44,988
(11,198)
5,952
139
(5,107)
-
-
-
-
5,757
1,167
-
6,924
6,845
-
-
6,845		 (549)
2,654
(3,985)
(1,880)
(1,818)
(1,487)
3,985
680
13,386
-
-
13,386
1,583
-
-
1,583
12,602
1,167
-
13,769		 14,969
-
-
14,969
-
1,341
-
1,341
1,404
5,778
139
7,321		 5,757
1,167
-
6,924
6,845
-
-
6,845
1,404
7,119
139
**8,662 **		 12,602
1,167
-
13,769

Page 24

PROTON FOUNDATION

NON-PROJECT INCOME & EXPENDITURE FOR THE YEAR ENDED 31 DECEMBER 2022

21
INCOME
Donations & gift aid
Fundraising
Grants
Licenses
Bank interest
Donated services
Other
EXPENDITURE
Grants & gifts made
Staff costs
Staff welfare & training
Travel & accommodation
Fundraising
Publicity & promotion
Office & IT
Finance charges
Independent Examination
Accountancy
Bookkeeping & payroll
Legal & professional
Global Transformation
Global Transformation
Net movment in year
Capital grant expenditure
Transfer to project dedicated funds
Restricted funds @ 31.12.2021
Dedicated funds @ 31.12.2021
Unrestricted funds @ 31.12.2021
Project funds @ 31.12.2021
Restricted funds @ 31.12.2022
Dedicated funds @ 31.12.2022
Unrestricted funds @ 31.12.2022
Project funds @ 31.12.2022*		 2022
2021
£
£
11,504
18,033
811
-
22,650
5,050
787
-
121
19
1,840
-
51
11
37,764
23,113
-
-
9,236
10,647
1,492
831
1,404
992
3,150
-
74
457
6,024
7,478
62
113
(60)
780
1,020
-
7,090
3,360
120
357
-
861
8,874
-
38,486
25,876
(722)
(2,763)
(2,230)
-
-
(680)
11,642
8,874
2,023
2
51,894
60,126
65,559
69,002
2,170
11,642
5,871
2,023
56,795
51,894
64,836
65,559

** Global Transformation - restricted fund held for this project were repaid to the funder in 2021.

Page 25