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← Proton Foundation

2023-12-31-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 2023

PROTON FOUNDATION

INDEX TO THE ANNUAL REPORT AND FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2023

Page
Charity Reference and Administrative Details 1 - 3
Trustees’ Annual Report
(incorporating Director’s Report)		 4 - 11
Independent Examiners Report 14
Statement of Financial Activities
(incorporating Income & Expenditure Account)		 15
Balance Sheet 16
Notes to the Accounts 17 - 24
Detailed Income & Expenditure Account 25 - 26

Page 1

PROTON FOUNDATION

CHARITY REFERENCE AND ADMINISTRATIVE DETAILS FOR THE YEAR ENDED 31 DECEMBER 2023

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 M Wichmann S Brazier 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 2023

The trustees present their report and financial statements of the charity for the year ended 31 December 2023. 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.

Recruitment and Appointment of Trustees

When new or additional Trustees are required, beneficiaries and client organisations are invited to submit nominations and subject to their compliance with the Memorandum and Articles of Association, they are considered by the governing body of Trustees for election.

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.

Page 3

PROTON FOUNDATION

TRUSTEE’S ANNUAL REPORT (incorporating Director’s Report) FOR THE YEAR ENDED 31 DECEMBER 2023 (continued)

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.

Our key objectives for the year included:

ACHIEVEMENTS AND PERFORMANCE

At Proton Foundation our vision is to impact thousands of 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.

A Flourish 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 or faith community.

In 2023 we have seen an overall increase of 84.38% for our total number of flourish hubs ( 59 hubs ) 37 are new (76.19% increase compared to 2022) and 22 of these are renewals – meaning a 68.75% retention rate, this is a slight improvement from 2022 (65%).

Our current flourish hub area percentage split:

Page 4

PROTON FOUNDATION

TRUSTEE’S ANNUAL REPORT (incorporating Director’s Report) FOR THE YEAR ENDED 31 DECEMBER 2023 (continued)

GEOGRAPHICAL SPLITS FOR HUB PARTNERS IN 2023:

England :- Warwickshire (4 hubs), West Midlands (1), Leicestershire (10), East Midlands (1) = 16 hubs in total. Scotland :- Aberdeenshire (3), Lanarkshire (2) = 5 hubs in total.

Wales :- Vale of Glamorgan (3), Mid Glamorgan (5), Glamorgan (2), Carmarthenshire (2), Monmouthshire (4), Rhondda Cynon Taff (1), Caerphilly (4), Blaenau Gwent (1), Torfean (3), Swansea (2), Cardiff (11) = 38 hubs in total.

From our geographical split, Wales represents 64.41% of our charitable activities. This is due to two key partnerships with Edenstone Foundation and Llandaff Diocese. Each of these partnerships 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 our increased activity.

FACILITATOR TRAINING: Through our hub partnerships we delivered 9 training events throughout the UK. Training 121 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, youth pastors, children’s workers, volunteers, vicars, school engagement workers 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.

Through our partnerships in 2023 we have seen the Flourish project being delivered in 82 schools across the UK.

FEEDBACK FROM THE TRAINING :

‘By far the best training I’ve ever been on, it was so inspiring'.

‘This is a brilliant course that I would encourage all schools to sign up for. It combines knowledge and theory with practical tools to help support and develop our children. I really feel the Flourish Project can make a real difference to many of my children’.

‘Really impressed by the training it extended my knowledge on lots of topics, it was excellent. I will recommend to colleagues and other school’s’.

‘The training was incredible; you are not only being trained but also being challenged in your own life and I’m so thankful and grateful that this project exists for the youth of the next generation.’

Page 5

PROTON FOUNDATION

TRUSTEE’S ANNUAL REPORT (incorporating Director’s Report) FOR THE YEAR ENDED 31 DECEMBER 2023 (continued)

FLOURISH ONLINE: Is an online platform that was developed during Covid and mirrors the face-to-face project. Young people are given a log-in and work through the material at their own pace. In 2023 due to our increase of onboarding new hubs

we did not have the capacity as a staff team to utilise this project to its fullest. However, in 2024 we will be looking to develop this resource onto a new platform so that this can help us reach new schools to offer some extra support with their students and their mental wellbeing.

63 young people have gone through this online project in 2023.

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 feel better about myself and for people to like me for who I am’.

‘I want to be happy’.

‘I want to be less hateful to myself and be there for other people’. ‘I want to be more happy every day and enjoy myself more and feel like I can do it and its going to be okay.’ ‘By the end of this I want to be happier in my own skin and to have control over my emotions’.

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:

‘I feel happier with myself’.

‘It has helped my mindset and the way I think’.

‘It’s helped me feel good about my life’.

‘It has made me think about how to be kind to myself’.

‘It’s helped me to learn to be calm and happy’.

OUR STATISTICS FOR 2023: This year we have seen 1453 vulnerable young people aged between 8 – 16 years old go through the 8-week project. An increase of 48.72% compared to our 2022 numbers. 1390 of these young people have been taken through the project by a facilitator, with 63 of these young people going through the online platform.

We have seen an average increase in three of the following areas:

An average improvement in mental wellbeing of 15.16%

An average increase of self-esteem of 13.11%

An average increase of happiness of 15.33%

THE SIGNIFICANCE OF OUR RESULTS – We continue to see a significant impact through the statistical data that we can capture. We capture these statistics through two psychological surveys and our own in-house one. Each evaluation form is completed on week one and on week eight of the project this gives us the distance travelled from where each young person started to where they finished. The figures shown on the previous page are the average we see across each person. The data for 2023 has been collated from 651 young people and our statistics continue to be consistent, showing reliability.

Page 6

PROTON FOUNDATION

TRUSTEE’S ANNUAL REPORT (incorporating Director’s Report) FOR THE YEAR ENDED 31 DECEMBER 2023 (continued)

FEEDBACK FROM YOUNG PEOPLE

‘Flourish has helped me with many things, mainly my insecurity.’ – Young person aged 11 years old.

‘It’s made me see myself differently’ – Young person aged 13 years old.

‘It’s helped me to have a safe space to be vulnerable and share’ – Young person aged 14 years old.

‘It’s helped me a lot these past few weeks, it’s helped me to make better choices for myself’ – Young person aged 13 years old.

‘My brother does a lot of bad things and I wish he could do this course’ – Young person aged 12 years old.

‘It gives me happiness, if your sad in the day you can always count on Flourish to make you feel better about yourself’ – Young person aged 10 years old.

FEEDBACK FROM FLOURISH FACILITATORS

‘The old play therapist saw two girls she recognised sat in the park showing off their Flourish mirrors and encouraging each other to do the challenge, when she spoke with them about the project one of the girls started tearing up - its’ impact on her was very apparent’ – Family Support Worker.

‘A girl who self-harms is showing so many positive behaviour signs, teachers and TA’s say that she is much happier and confident in herself’ – Family Support Worker.

‘This has been so worthwhile. It brought one child who was off our radar to our attention as he was so honest to speak about his worries, he was extremely unhappy as his parents had recently separated, and we were not aware that his mum had gone into rehab and his Grandma was looking after him, so we were able to get the help he needed with Social Services and with extra sessions with myself, he is doing really well now ’ – Teacher.

Page 7

PROTON FOUNDATION

TRUSTEE’S ANNUAL REPORT (incorporating Director’s Report) FOR THE YEAR ENDED 31 DECEMBER 2023 (continued)

‘At the start of the course Alex (name changed) would pretend to sleep and not engage but over the weeks he started to participate and contribute, so by the final session, Alex was transformed. He looked physically relaxed, was smiling and was eager to share his hobbies with me. His emotional wellbeing has increased massively. ' – Vicar.

‘When I first started to work with a group of children as an external practitioner, I was told that Ben (name changed) had autism and would probably not stay in the sessions for very long, as he never sat in any of his lessons and would always be found wandering the school corridors or outside on the playground, I was also told that he would say he wanted to kill himself a lot as his Uncle had recently committed suicide. This was not the case at all, in fact Ben stayed in every single session from the start to finish. The Flourish Project was the only session out of his whole week he attended and contributed in. On the last week when it came to handing out medals and certificates to each of the young people, Ben had the biggest smile on his face. The teaching assistant that sat in on these sessions took a photo and then preceded to take the picture around to all the teachers, as she needed photo evidence to be believed, as apparently Ben had never smiled since starting at the school, he was now in Year 6! This was a massive achievement. On the last session this was what he said, “It’s helped me enjoy Wednesdays more and want to be in school”. – External facilitator.

PARENTAL FEEDBACK

'My daughter loved flourish and it has helped to change the way she views herself’.

'My son came on leaps and bounds during these sessions’.

‘Flourish has been great for my child. He has learnt many new things and feels more confident’.

SCHOOL FEEDBACK

‘Parents feedback via the SeeSaw online resource that the schools use has been amazing. They are uploading images and videos of the children bringing flourish home and doing their challenges! The facilitators are doing a great job and inspiring the young people and getting the young people involved’. – St Gabriels RC Primary School.

‘ Every week it was great listening to the pupils express their feelings, but one moment that really reminded me of how well the project was improving the children's self-esteem and confidence, is when families came into school to hear all about what their children had been learning. One pupil explained that doing the toothbrush challenge helped her think more positively about herself.’ – Pengeulan Primary School.

‘ Great project for raising self-esteem and resilience’ – Ynysboeth Community School.

Page 8

PROTON FOUNDATION

TRUSTEE’S ANNUAL REPORT (incorporating Director’s Report) FOR THE YEAR ENDED 31 DECEMBER 2023 (continued)

MUSTARD SEED GIFT FUND – At the end of 2022 we invited organisations whom fit within our charitable objectives to send in a short application for any projects that required some financial support. In January 2023, we gifted £5,000 towards five projects.

Feeding Programme in Bulgaria , Proton Foundation gifted £1,000.

‘As people came to our venue, we work with them to socialize them and integrate them in the society. We relieve the financial burden of many of them as they need to pay rent, utilities and transportation while looking to get a job. The winter in Bulgaria is very cold, so the little resources they have, will go towards the utilities. Once we help a family or a young people, we encourage them to start thinking of ways to help their own people and become volunteers. We also work with some HR firms to introduce jobs to them’.

Through this gift the project was able to support 280

adults. “I came to Bulgaria with one daughter, four children and a person with a disability. Thanks to the programme we were able to get a job, but because of the disability it can’t be a full-time job. Thanks to the food programme it fills the hole so that we could feed everyone”.

The Christmas Box Project in Nicaragua, Proton Foundation gifted £1,500.

‘The Christmas Box Project (TCBP) reaches underprivileged children in rural communities in Nicaragua. The goal is to give the kids a gift they'll never forget. With boxes filled with toys, school supplies, and snacks, we

can bring joy, share the gospel, and encourage reading. We want to inspire each child to dream of a brighter future for themselves and their communities’.

Through this gift the project was able to support 900 children and 72 boxes were given out specifically from the funds given.

“One of the pastors of the first couple of

churches we delivered boxes to on Christmas Eve tracked us down to share this with us. He said that soon after we had given out the gifts, he was approached by a single mom of four who wanted to tell him what the project meant to her family. She told him she had no idea how it happened, but when her kids opened their boxes, they all looked at her and said, "This is what we wanted. How did they know?"

She was as shocked as they were. She wasn't expecting us to show up with gifts. But she told him that had we not packed those boxes, her kids would not have had Christmas gifts’’.

Page 9

PROTON FOUNDATION

TRUSTEE’S ANNUAL REPORT (incorporating Director’s Report) FOR THE YEAR ENDED 31 DECEMBER 2023 (continued)

Restore Collective kids camp , Proton Foundation gifted £750.

‘The summer holidays can be long for families who struggle economically, and this gave some assistance as these children would not have gone out of their home town all summer. For one of the families, it gave respite, Dad has cancer and he is the carer for the child's mum who has disabilities. It was great to see the children growing in confidence as they left home and family for the first time and step out of their comfort zone and build resilience and independence’. Through this gift Restore were able to take 6

young people away for a few days. "He absolutely loved it, he didn't want to come home, he couldn't stop talking about all the new things he had been able to do, all the new experiences that he had that we couldn't have afforded to give him. He made lots of new friends and he loved been independent having his own money and going to the camp shop. I think it’s really grown his confidence and we have had no bother from him going back to school, he is doing really well and settled calmly back into the new term and new class. We are just so thankful because we know it’s what he needed and its really helped him so much”.

Bethel Baptist Youth Nerf Night, Proton Foundation gifted £750.

Bethel Baptist Church is one of the Flourish Hubs, they deliver the Flourish Project in six local comprehensive schools. The Nerf Night has been set up to be run once a quarter to help bridge the gap between the church and the community. On the first night, they had 106 young people come through the door. 70 of them had come from the schools they run the Flourish Project in. This has helped them to build better relationships with the young people that are connecting to their youth group on a weekly basis.

Cefnogi Network of Youth Workers, Proton Foundation gifted £1,000.

Project was successful in building the skills and knowledge of youth workers to better support the young people that they serve, from a well-being perspective. Raises awareness and knowledge of

practical steps that can be taken to encourage and support young people with wellbeing issues and also general support for young people to take positive and meaningful steps to improve their outlook, self-esteem.

Resource focusses on the good things that young people could do, the positive actions they can take and empowers them to set goals for themselves as well as develop a sense of thankfulness in their lives and a social development as a result.

Through this gift 53 youth workers were supported.

Page 10

PROTON FOUNDATION

TRUSTEE’S ANNUAL REPORT (incorporating Director’s Report) FOR THE YEAR ENDED 31 DECEMBER 2023 (continued)

PLANS FOR THE FUTURE

As we move into 2024, we are continuing with our strategy to see new organisations being onboarded and key partnerships continue. Based on our retention rate this year we anticipate 38 of our current hubs to remain. We are also confident that in 2024 we will continue to see another 30 schools/external organisations join us, This will bring financial resources as well as 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 2024

In 2023 we saw the charities activity increase by 84%, as well as a financial increase of 42% from the previous year. In 2024 we are aiming to increase charitable growth by around 15%. This we believe is a sustainable goal. We understand that we as a staff team are at near capacity, so for us to continue our growth trajectory we will eventually need to increase our staffing head count.

Below is our strategic organisational plan for medium- and long-term growth. In 2024 we will be working towards achieving some of the medium objectives.

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.

Page 11

PROTON FOUNDATION

TRUSTEE’S ANNUAL REPORT (incorporating Director’s Report) FOR THE YEAR ENDED 31 DECEMBER 2023 (continued)

FINANCIAL REVIEW

The Trustees consider the financial performance by the charity during the year 31 December 2023.

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 2023 the charity had total reserves of £70,965 (2022: £73,499) of which £3,026 was restricted (2022: £3,511) and £5,952 was designated for specific projects (2022: £13,192). Free reserves were £61,987 (2022: £56,796). The trustees are satisfied that the free reserves meet 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 unrestricted reserves:

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.

Proton Foundation will have 3-6 months free reserves.

Page 12

PROTON FOUNDATION

TRUSTEE’S ANNUAL REPORT (incorporating Director’s Report) FOR THE YEAR ENDED 31 DECEMBER 2023 (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 17 April 2024 and signed on its behalf by:

M Wichmann

M Wichmann (Jun 21, 2024 11:05 GMT+1)

Marcus Wichmann Chair of Trustees/Director

Page 13

PROTON FOUNDATION

INDEPENDENT EXAMINERS’ REPORT FOR THE YEAR ENDED 31 DECEMBER 2023

I report to the trustees on our examination of the accounts of the company for the year ended 31 December 2023 which are set out on pages 15 to 26.

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 my examination of your company'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 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 (May 22, 2024 15:55 GMT+1)

Dated: ………………………….

Page 14

PROTON FOUNDATION

STATEMENT OF FINANCIAL ACTIVITIES (including Income & Expenditure Account) FOR THE YEAR ENDED 31 DECEMBER 2023

Unrestricted
funds
Designated
funds
Restricted
funds
Total
2023
2023
2023
2023
Notes
£
£
£
£
Income and endowments from:
Donations & grants
3
30,538
5,086
591
36,215
Charitable Activities
4
-
114,756
9,590 124,346
Other trading activities
5
99
-
-
99
Investments
6
673
-
-
673
Other income
7
2,674
-
-
2,674
Total income
33,984
119,842
10,181 164,007
Expenditure:
Raising funds
8
1,259
-
-
1,259
Charitable Activities
9
46,234
108,382
8,510 163,126
Total resouces expended
47,493
108,382
8,510 164,385
(13,509)
11,460
1,671
(378)
Transfers between funds
16
18,700
(18,700)
-
-
Capital grant expenditure
16
-
-
(2,156)
(2,156)
5,191
(7,240)
(485)
(2,534)
56,796
13,192
3,511
73,499
Fund balances at
31 December 2023
61,987
5,952
3,026
70,965
Net incoming/(outgoing)
resources before transfers
Fund balances at
1 January 2023
Net income/(expenditure) for
the year /
net movement in funds		 Unrestricted
funds
Designated
funds
Restricted
funds
Total
2023
2023
2023
2023
Notes
£
£
£
£
Income and endowments from:
Donations & grants
3
30,538
5,086
591
36,215
Charitable Activities
4
-
114,756
9,590 124,346
Other trading activities
5
99
-
-
99
Investments
6
673
-
-
673
Other income
7
2,674
-
-
2,674
Total income
33,984
119,842
10,181 164,007
Expenditure:
Raising funds
8
1,259
-
-
1,259
Charitable Activities
9
46,234
108,382
8,510 163,126
Total resouces expended
47,493
108,382
8,510 164,385
(13,509)
11,460
1,671
(378)
Transfers between funds
16
18,700
(18,700)
-
-
Capital grant expenditure
16
-
-
(2,156)
(2,156)
5,191
(7,240)
(485)
(2,534)
56,796
13,192
3,511
73,499
Fund balances at
31 December 2023
61,987
5,952
3,026
70,965
Net incoming/(outgoing)
resources before transfers
Fund balances at
1 January 2023
Net income/(expenditure) for
the year /
net movement in funds		 Unrestricted
funds
Designated
funds
Restricted
funds
Total
2022
2022
2022
2022
£
£
£
£
30,538
5,086
591
36,215
-
114,756
9,590 124,346
99
-
-
99
673
-
-
673
2,674
-
-
2,674		 25,906
3,848
4,400
34,154
-
77,192
5,850
83,042
1,598
-
-
1,598
121
-
-
121
1,891
-
-
1,891
Donations & grants
3
Charitable Activities
4
Other trading activities
5
Investments
6
Other income
7
Total income
Expenditure:
Raising funds
8
Charitable Activities
9
Total resouces expended
Transfers between funds
16
Capital grant expenditure
16
Fund balances at
31 December 2023
Net incoming/(outgoing)
resources before transfers
Fund balances at
1 January 2023
Net income/(expenditure) for
the year /
net movement in funds
33,984
119,842
10,181 164,007		 29,516
81,040
10,250 120,806
1,259
-
-
1,259
46,234
108,382
8,510 163,126		 7,168
-
-
7,168
19,676
76,716
23,075 119,467
47,493
108,382
8,510 164,385		 26,844
76,716
23,075 126,635
(13,509)
11,460
1,671
(378)
18,700
(18,700)
-
-
-
-
(2,156)
(2,156)		 2,672
4,324
(12,825)
(5,829)
29,041
(29,041)
-
-
2,230
-
(2,230)
-
5,191
(7,240)
(485)
(2,534)
56,796
13,192
3,511
73,499		 33,943
(24,717)
(15,055)
(5,829)
22,853
37,909
18,566
79,328
61,987
5,952
3,026
70,965		 56,796
13,192
3,511
73,499

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 15

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BALANCE SHEET AS AT 31 DECEMBER 2023

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		 £
£
£
£
1,673
2,230
9,895
19,015
77,117
67,279
87,012
86,294
17,720
15,025
69,292
71,269
70,965
73,499
3,026
3,511
5,952
13,193
61,987
56,795
70,965
73,499
2023
2022		 £
£
£
£
1,673
2,230
9,895
19,015
77,117
67,279
87,012
86,294
17,720
15,025
69,292
71,269
70,965
73,499
3,026
3,511
5,952
13,193
61,987
56,795
70,965
73,499
2023
2022
9,895
77,117		 2,230
71,269
87,012
17,720
73,499
3,511
13,193
56,795
73,499

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 2023. 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.

The financial statements were approved by the Board of Trustees and authorised for issue on 17 April 2024 and were signed on its behalf by:

M Wichmann

M Wichmann (Jun 21, 2024 11:05 GMT+1)

….............................................................................

M Wichmann

Chair of Trustees

Company Number 05801211

Page 16

PROTON FOUNDATION NOTES TO THE ACCOUNTS FOR THE YEAR ENDED 31 DECEMBER 2023

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 17

PROTON FOUNDATION NOTES TO THE ACCOUNTS (continued) FOR THE YEAR ENDED 31 DECEMBER 2023

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 18

PROTON FOUNDATION NOTES TO THE ACCOUNTS (continued) FOR THE YEAR ENDED 31 DECEMBER 2023

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
Donations and legacies
For the year ended 31 December 2022
Donations and gifts
Grants
For the year ended 31 December 2022
Charitable activities income
Flourish online
HUB's
South Wales		 Unrestricted
funds
Designated
funds
Restricted
funds
Total
Total
2023
2023
2023
2023
2022
£
£
£
£
£
6,160
5,086
41
11,287
11,504
24,378
-
550
24,928
22,650
30,538
5,086
591
36,215
34,154
25,906
3,848
4,400
34,154
Unrestricted
funds
Designated
funds
Restricted
funds
Total
Total
2023
2023
2023
2023
2022
£
£
£
£
£
-
7,773
1,500
9,273
250
-
28,805
8,090
36,895
31,369
-
78,178
-
78,178
51,423
-
114,756
9,590
124,346
83,042
-
77,192
5,850
83,042

Page 19

PROTON FOUNDATION

NOTES TO THE ACCOUNTS (continued) FOR THE YEAR ENDED 31 DECEMBER 2023

NOTES TO THE ACCOUNTS(continued)
FOR THE YEAR ENDED 31 DECEMBER 2023		 THE ACCOUNTS(continued)
AR ENDED 31 DECEMBER 2023
5 Other trading activities income
Unrestricted
funds
Designated
funds
Restricted
funds
2023
2023
2023
£
£
£
Fundraising income
99
-
-
Online licenses
-
-
-
99
-
-
1,598
-
-
6 Investment Income
Investment income
7 Other income
Other income
Donated services
8 Cost of raising funds
Unrestricted
funds
Designated
funds
Restricted
funds
2023
2023
2023
£
£
Fundraising costs
50
-
-
Share of support costs (see note 10)
1,209
-
-
1,259
-
-
7,168
-
-
9 Charitable activity expenditure
Unrestricted
funds
Designated
funds
Restricted
funds
Note
2023
2023
2023
20
£
£
-
9,177
-
-
28,848
7,116
-
65,352
789
-
-
-
-
103,377
7,905
Share of support costs (see note 10)
39,097
5,005
605
Share of governance costs (see note 10)
7,137
-
-
Total charitable expenditure
46,234
108,382
8,510
19,676
76,716
23,075
Total resources expended
47,493
108,382
8,510
26,844
76,716
23,075
For the year ended 31 December 2022
For the year ended 31 December 2022
All investment income for the current and prior year was unrestricted.
All other income for the current and prior year was unrestricted.
For the year ended 31 December 2022
For the year ended 31 December 2022
Flourish online
HUB's
South Wales
Return of restricted funds		 Unrestricted
funds
Designated
funds
Restricted
funds
2023
2023
2023
£
£
£		 Total
Total
2023
2022
£
£
99
-
-
-
-
-		 99
811
-
787
99
-
-		 99
1,598
1,598
2023
2022
£
£
673
121
2023
2022
£
£
204
51
2,470
1,840
2,674
1,891
Total
Total
2023
2022
£
£
50
-
-
1,209
-
-		 50
3,150
1,209
4,018
1,259
-
-		 1,259
7,168
7,168
-
-
Unrestricted
funds
Designated
funds
Restricted
funds
2023
2023
2023
£
£		 7,168
Total
Total
2023
2022
£
£
-
9,177
-
-
28,848
7,116
-
65,352
789
-
-
-		 9,177
11,448
35,964
25,417

66,141
51,284
-
8,874
-
103,377
7,905		 111,282
97,023
39,097
5,005
605
7,137
-
-
44,707
18,914
7,137
3,530
163,126
119,467
119,467
164,385
126,635
26,844
76,716
23,075		 126,635

Page 20

PROTON FOUNDATION

NOTES TO THE ACCOUNTS (continued) FOR THE YEAR ENDED 31 DECEMBER 2023

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
Depreciation
Governance
Staff costs
Independent Examination
Accountancy
Other legal and professional fees
Analysed between
Fundraising
Charitable Activities
Fundraising
Charitable Activities
For the year ended 31 December 2022
For the year ended 31 December 2022		 Unrestricted
funds
Designated
funds
Restricted
funds
Total
Total
2023
2023
2023
2023
2022
£
£
£
£
£
-
5,005
-
5,005
-
17,385
-
-
17,385
6,786
1,503
-
14
1,517
1,492
2,838
-
41
2,879
1,404
663
-
-
663
74
6,939
-
550
7,489
6,024
10,232
-
-
10,232
7,090
189
-
-
189
62
557
-
-
557
-
2,477
-
-
2,477
2,450
-
-
-
-
(60)
1,020
-
-
1,020
1,020
3,640
-
-
3,640
120
47,443
5,005
605
53,053
26,462
23,694
-
2,768
26,462
1,209
-
-
1,209
46,234
5,005
605
51,844
47,443
5,005
605
53,053
-
-
-
23,694
-
2,768
23,694
-
2,768
26,462

Support, fundraising and governance costs are allocated on the basis of time spent. Governance costs includes £nil (2022: £nil) 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:		 2023
2022
£
£
31,568
25,476
1,240
764
2,445
2,313
2023
2022
£
£
10,480
5,951

Other than disclosed above, there were no other trustees' remumeration, expenses or other benefits for the year ended 31 December 2023 nor the year ended 31 December 2022.

All donations received from Trustees or their related parties are unrestricted in nature and along the same lines as the general public (i.e. to 'champion' a child), and therefore do not require disclosure individually. During the year the charity received donations, in aggregate, from Trustees and related parties of £191 (2022: £590) with no conditions attached.

Page 21

PROTON FOUNDATION

NOTES TO THE ACCOUNTS (continued) FOR THE YEAR ENDED 31 DECEMBER 2023

12 Employees
Employees
Number of employees
The average monthly number of employees during the year was:
Employment costs
Wages and salaries
Social security costs
Pension costs		 2023
2022
Number
Number
4
3
2023
2022
£
£
83,611
57,701
412
-
2,561
1,672
86,584
59,373

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
31 December 2023
01 January 2023
31 December 2023
01 January 2023
31 December 2023		 Fixtures &
Fittings
2,230
-
-		 Computer
Equipment
Total
-
2,230
-
-
-
-
2,230 -
2,230
-
557
-		 -
-
-
557
-
-
557 -
557
2,230 -
2,230
1,673 -
1,673

All assets are held for the Charity's own use

14 Debtors: amounts falling due within one year:

Debtors: amounts falling due within one year:
Trade debtors
Prepayments and accrued income
Other debtors		 2023
2022
£
£
2,530
13,000
7,124
5,746
241
269
9,895
19,015

Page 22

PROTON FOUNDATION

NOTES TO THE ACCOUNTS (continued) FOR THE YEAR ENDED 31 DECEMBER 2023

NOTES TO THE ACCOUNTS(continued)
FOR THE YEAR ENDED 31 DECEMBER 2023		 NOTES TO THE ACCOUNTS(continued)
FOR THE YEAR ENDED 31 DECEMBER 2023
15
**16 **		 Creditors : amounts falling due within one year:
2023
2022
£
£
Trade creditors
1,627
18
Other taxation, social security & pensions
1,773
1,391
Accruals & deferred income
14,320
13,616
17,720
15,025
Movement in funds
Balance at
1.1.2023
Incoming
resources
Resources
expended
Transfers
Balance
at 31.12.2023
RESTRICTED FUNDS
£
£
£
£
£
Flourish online
Martin Trust
-
1,500
-
-
1,500
HUBs
Bishop Radford Trust
1,341
-
(1,341)
-
-
-
4,000
(3,936)
-
64
-
3,750
(2,288)
-
1,462
Warwickshire Councillors
-
340
(340)
-
-
Core costs
Warwickshire Councillors
-
550
(550)
-
-
Treetop
-
41
(41)
-
-
Clothworker Foundation
2,170
-
(2,170)
-
Total Restricted Funds
3,511
10,181
(10,666)
-
3,026
DESIGNATED FUNDS(Unrestricted)
Tithe fund / Mustard seed fund
5,871
5,086
(5,005)
-
5,952
Flourish online
Garfield Weston
-
5,000
(5,000)
-
-
Co-op Community
1,404
-
(1,404)
-
-
Self generated income
-
2,774
(2,774)
-
-
HUB'S
Benefact Trust
6,244
-
(6,244)
-
-
Invoiced income
(465)
28,804
(21,815)
(6,524)
-
South Wales
Edenstone
-
36,500
(31,431)
(5,069)
-
Llandaff Diocese
-
34,137
(28,729)
(5,408)
-
Self generated income
139
7,541
(5,981)
(1,699)
-
Total Designated Funds
13,193
119,842
(108,383)
(18,700)
5,952
Unrestricted Fund/Free Reserves
56,795
33,987
(47,495)
18,700
61,987
TOTAL FUNDS
73,499
164,010
(166,544)
-
70,965*
Leicestershire & Rutland Community
Foundation (Hinckley & Rugby)
Leicestershire & Rutland Community
Foundation (IM Properties)		 2023
2022
£
£
1,627
18
1,773
1,391
14,320
13,616
17,720
15,025
Transfers
Balance
at 31.12.2023
£
£
-
1,500
-
-
1,500
1,341
-
(1,341)
-
-
-
4,000
(3,936)
-
64
-
3,750
(2,288)
-
1,462
-
340
(340)
-
-
-
550
(550)
-
-
-
41
(41)
-
-
2,170
-
(2,170)
-
3,511
10,181
(10,666)
-
3,026
5,871
5,086
(5,005)
-
5,952
-
5,000
(5,000)
-
-
1,404
-
(1,404)
-
-
-
2,774
(2,774)
-
-
6,244
-
(6,244)
-
-
(465)
28,804
(21,815)
(6,524)
-
-
36,500
(31,431)
(5,069)
-
-
34,137
(28,729)
(5,408)
-
139
7,541
(5,981)
(1,699)
-
13,193
119,842
(108,383)
(18,700)
5,952
56,795
33,987
(47,495)
18,700
61,987

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

Page 23

PROTON FOUNDATION

NOTES TO THE ACCOUNTS (continued) FOR THE YEAR ENDED 31 DECEMBER 2023

17 Restricted & Designated 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: Martin Trust.

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 Commmunity Foundation (Hinckley & Rugby), Warwickshire Councillors, and Leicestershire & Rutland Community Foundation (IM Properties).

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. No restricted grants were received in the year. Unrestricted grants/funds were received from Edenstoneand Llandaff Diocese 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 2023		 Note Fixed
Assets
Current
Assets
Current
Liabilities
Total
£
£
£
£
16
16		 -
3,026
-
3,026
1,673
-
-
1,673
-
5,952
-
5,952
-
78,034
(17,720)
60,314
1,673
87,012
(17,720)
70,965

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		 2023
2022
£
£
1,800
1,800
-
-
1,800
1,800

The contractual lease commitment is from 1 January 2024 for 12 months and a rolling 1 month notice period thereafter.

Page 24

PROTON FOUNDATION

PROJECT INCOME & EXPENDITURE FOR THE YEAR ENDED 31 DECEMBER 2023

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 movement in year
Transfers between funds
Restricted funds @ 31.12.2022
Dedicated funds @ 31.12.2022
Project funds @ 31.12.2022
Restricted funds @ 31.12.2023
Dedicated funds @ 31.12.2023
Project funds @ 31.12.2023*		 Flourish
Online
HUB's
South
Wales
Projects
Total
2023
2023
2023
2023
£
£
£
£		 Flourish
Online
HUB's
South
Wales
Projects
Total
2022
2022
2022
2022
£
£
£
£
-
-
-
-
6,500
22,150
44,500
73,150
-
5,413
18,910
24,323
-
4,915
12,627
17,542
-
3,287
2,141
5,428
2,773
1,130
-
3,903		 -
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
9,273
36,895
78,178 124,346		 250
31,369
51,423
83,042
6,360
20,030
41,423
67,813
-
4,836
4,123
8,959
-
8,864
14,159
23,023
2,640
-
-
2,640
-
383
135
518
177
342
31
550
-
40
253
293
-
-
2,179
2,179
-
1,256
3,538
4,794
-
213
300
513		 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
9,177
35,964
66,141 111,282		 11,448
25,417
51,284
88,149
96
931
12,037
13,064
-
(5,735)
(12,965)
(18,700)
-
1,341
-
1,341
1,404
5,778
139
7,321		 (11,198)
5,952
139
(5,107)
-
-
-
-
5,757
1,167
-
6,924
6,845
-
-
6,845
1,404
7,119
139
8,662		 12,602
1,167
-
13,769
1,500
1,526
-
3,026
-
-
-
-		 -
1,341
-
1,341
1,404
5,778
139
7,321
1,500
1,526
-
3,026		 1,404
7,119
139
8,662

Page 25

PROTON FOUNDATION

NON-PROJECT INCOME & EXPENDITURE FOR THE YEAR ENDED 31 DECEMBER 2023

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
Depreciation
Global Transformation
Net movment in year
Capital grant expenditure
Transfer surplus from project dedicated funds
Restricted funds @ 31.12.2022
Dedicated funds @ 31.12.2022
Unrestricted funds @ 31.12.2022
Project funds @ 31.12.2022
Restricted funds @ 31.12.2023
Dedicated funds @ 31.12.2023
Unrestricted funds @ 31.12.2023
Project funds @ 31.12.2023**		 2023
2022
£
£
11,287
11,504
99
811
24,928
22,650
-
787
673
121
2,470
1,840
204
51
39,661
37,764
5,005
-
19,862
9,236
1,517
1,492
2,879
1,404
50
3,150
663
74
7,489
6,024
189
62
-
(60)
1,020
1,020
10,232
7,090
3,640
120
557
-
-
8,874
53,103
38,486
(13,442)
(722)
(2,156)
(2,230)
18,700
-
2,170
11,642
5,871
2,023
56,795
51,894
64,836
65,559
-
2,170
5,952
5,871
61,986
56,795
67,938
64,836

** Global Transformation - restricted fund held for this project were repaid to the funder in 2022.

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