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2025-12-31-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 2025

Proton Foundation Charity no. 1121153 Hope Community Church, Deveron Way, Hinckley, LE10 0XD

TRUSTEE’S ANNUAL REPORT (incorpora�ng Director’s Report) FOR THE YEAR ENDED 31 DECEMBER 2025

Page
Charity Reference and Administrative Details 1 – 3
Trustees’ Annual Report 4 – 12
(incorporating Directors Report)
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 Account 24 – 25

Proton Founda�on Charity no. 1121153 Hope Community Church, Deveron Way, Hinckley, LE10 0XD

2

TRUSTEE’S ANNUAL REPORT (incorpora�ng Director’s Report) FOR THE YEAR ENDED 31 DECEMBER 2025

Charity Name: Proton Foundation

Charity Registra�on Number: 1121153

Company Registra#on Number: 05801211 (England and Wales) Registered Office: Hope Community Church Deveron Way Hinckley Leicestershire LE10 0XD

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 J S Barton – appointed 15/04/2025

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

Proton Founda�on Charity no. 1121153 Hope Community Church, Deveron Way, Hinckley, LE10 0XD

3

TRUSTEE’S ANNUAL REPORT (incorpora�ng Director’s Report) FOR THE YEAR ENDED 31 DECEMBER 2025

The trustees present their report and financial statements of the charity for the year ended 31 December 2025. 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 charitable 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 considered the Charity Commission's guidance on public benefit, including the guidance 'public benefit: running a Charity (PB2)'. To its supplementary public benefit guidance on advancing education and on fee charging.

Proton Founda�on Charity no. 1121153 Hope Community Church, Deveron Way, Hinckley, LE10 0XD

4

TRUSTEE’S ANNUAL REPORT (incorporating Director’s Report)

FOR THE YEAR ENDED 31 DECEMBER 2025

Impact Report 2025

Who We Are

Proton Foundation (Charity No. 1121153) operates under the working name ‘The Flourish Project’.

The Flourish Project delivers a preventative, evidence-informed mental wellbeing programme for children and young people, equipping trusted adults to deliver long-term, sustainable support within schools, churches, and community settings across the UK.

Our Impact

1,929 children and young people supported in 2025 8,342 children and young people supported to date

65 facilitators trained across 7 training events

20 new hubs onboarded in 2025

71 active Flourish Hubs nationally

Despite a challenging financial climate, 2025 has been a year of continued growth, strong retention, and national reach.

Children and Young People Reached

Children supported through Flourish typically present with:

Feedback gathered throughout 2025 shows consistent improvements in:

Proton Foundation Charity no. 1121153 Hope Community Church, Deveron Way, Hinckley, LE10 0XD

5

TRUSTEE’S ANNUAL REPORT (incorporating Director’s Report) FOR THE YEAR ENDED 31 DECEMBER 2025

Young people told us:

“I believe in myself more now.”

“I know how to control myself when I feel angry because when I got mad I used to take it out on teachers and I would sit down and scream at people."

“I feel proud of who I am.”

“Whenever I got sad, I used to break things, I used to hit things but since I joined this programme, I just sit on my bed and try to find a way to calm myself. I also look at my awesomeness cards".

"I used to shout at my mum a lot but ever since I have started coming here I stopped”.

“Flourish has increased my confidence and helped me be kinder to myself. I used to self-harm before Flourish and Flourish has made me stop it. I feel comfortable being myself now, before I’d be too scared to be myself around my friends but Flourish has made me feel comfortable about who I am and be myself more around others. Going forward I am going to speak kind words over myself like I am useful and can do anything”.

“Flourish has helped bring my confidence back up. I’ve loved the freedom I’ve been given to be myself. In primary school I had no friends. I used to get home and hit myself because I was sad and lonely. When I started Flourish I had hardly any friends but I’ve now made friends with all the people in this group”.

“Whenever I feel unhappy or overwhelmed in lessons. I think of what I’ve learnt in Flourish and it makes me feel better. I’m going to challenge myself to speak more positively over myself”.

Development: Training and Capacity

In 2025 we delivered 7 accredited training events , training 65 facilitators , including:

Proton Foundation

6

Charity no. 1121153 Hope Community Church, Deveron Way, Hinckley, LE10 0XD

TRUSTEE’S ANNUAL REPORT (incorporating Director’s Report)

FOR THE YEAR ENDED 31 DECEMBER 2025

Training locations:

This reflects our commitment to equitable access and national delivery, ensuring communities across the UK can access preventative mental wellbeing support.

Facilitators comments about the training:

“Thank you for a wonderful CPD. It is indeed one of the best CPD courses I have attended and feel that what we have learnt will have a huge influence on the young people we teach and care for.”

“This will not just influence my work life but also my personal life as well.”

“This has been the most inspiring 2 days, I cannot wait to get going and delivering the Flourish Project. The children I work with will get so much from it, thank you.”

“Thank you so much for all the hard work that has gone into this project. I am walking away inspired and ready to fight with the flourish team to equip as many young people as possible.”

“This is the best training that I have been on in terms of self-reflection and providing practical tools and advice to take forward into school to support the children I work with. The passionate trainers made the training a safe and supportive environment. Thank you for being a voice and part of the positive change for supporting our young people today.”

Proton Foundation Charity no. 1121153 Hope Community Church, Deveron Way, Hinckley, LE10 0XD

7

TRUSTEE’S ANNUAL REPORT (incorporating Director’s Report) FOR THE YEAR ENDED 31 DECEMBER 2025

Our Hub Network

As of the end of 2025, The Flourish Project operates through 71 active hubs , broken down as follows:

41 Primary Schools – 58% of hubs

18 Secondary Schools – 25% of hubs 11 Churches / Christian Organisations – 15% of hubs

1 College – 2% of hubs

This diverse mix enables Flourish to support children across multiple stages of development and within trusted, familiar environments.

Hub Retention and Sustainability

In 2025, 20 new hubs were onboarded , supported through a mix of:

With 71 active hubs in total, this means 51 hubs are retained from previous years, giving a hub retention rate of approximately 72% .

This high level of retention demonstrates that:

Geographic Reach Across the UK

Our active hub network spans with the following distribution:

Wales: 43 hubs — 61% of national activity England: 22 hubs — 31% of national activity

o A significant proportion located within the Midlands

Scotland: 6 hubs — 8% of national activity

This spread reflects both strong regional partnerships and the scalability of the Flourish model across different education and community systems.

Proton Foundation Charity no. 1121153 Hope Community Church, Deveron Way, Hinckley, LE10 0XD

8

FOR THE YEAR ENDED 31 DECEMBER 2025

TRUSTEE’S ANNUAL REPORT (incorporating Director’s Report)

Learning and Challenge

2025 has been a financially tougher year. Reduced grant income and rising operating costs required difficult but necessary decisions:

Despite these pressures, programme delivery was sustained . Existing hubs were retained, and new organisations continued to invest in the programme—demonstrating both confidence in the model and its long-term resilience.

Why This Matters

The Flourish Project is not a one-off intervention. It is a capacity-building model that:

Even in a challenging year, Flourish continued to grow — reaching more children, training more adults, and sustaining a strong community network.

Looking Ahead

As we move into 2026, our focus is on deepening impact while extending our reach to those most often excluded from early intervention and preventative support. We are committed to ensuring that the children and young people who are hardest to reach are no longer left behind .

Our priorities for 2026 are:

Proton Foundation Charity no. 1121153 Hope Community Church, Deveron Way, Hinckley, LE10 0XD

9

TRUSTEE’S ANNUAL REPORT

FOR THE YEAR ENDED 31 DECEMBER 2025

(incorporating Director’s Report)

Together, these priorities reflect our commitment not only to growth, but to equity—ensuring that Flourish reaches those who need it most, not just those who can access it most easily.

Igniting potential - Transforming lives.

Proton Foundation Charity no. 1121153 Hope Community Church, Deveron Way, Hinckley, LE10 0XD

10

TRUSTEE’S ANNUAL REPORT (incorporating Director’s Report)

FOR THE YEAR ENDED 31 DECEMBER 2025

FINANCIAL REVIEW AND RESERVES POLICY

The Trustees have reviewed the financial performance of the charity for the year ended 31 December 2025. An annual budget is set at the beginning of each financial year, with actual performance monitored against this budget on a quarterly basis by the Trustees. This approach enables timely oversight of income and expenditure and supports effective financial control and reserves management.

In the prior financial year, the charity reported a surplus of approximately £30,000. During the year ended 31 December 2025, the charity reported a deficit of £51,858. This was primarily due to a combination of reduced grant income compared to previous years and planned one-off investment costs, including expenditure associated with the charity’s rebrand and the development of a new website.

In response to this position, the Trustees undertook a review of the charity’s cost base and, at the end of 2025, made the difficult decision to reduce staffing levels, resulting in the redundancy. These actions were taken to protect the charity’s financial stability and ensure its continued operation.

Following the financial controls and cost-saving measures implemented at the end of 2025, the Trustees believe the charity is appropriately positioned to meet its ongoing liabilities as they fall due. The Trustees are confident that, subject to income being realised in line with forecasts, the charity will be able to operate within its available resources and cover its costs during the 2026 financial year.

Financial Review

As of 31 December 2025, the charity held total reserves of £50,591 (2024: £102,809), of which £5,973 was restricted (2024: £13,381), and £8,312 was designated for specific projects (2024: £7,656). Free reserves, being unrestricted funds less fixed assets, were £36,666 (2024: £79,890). The Trustees are satisfied that the current level of free reserves meets the charity’s reserves policy and provides a stable foundation for future growth.

Reserves Policy

The Proton Foundation’s reserves policy forms part of our financial procedure manual and is reviewed annually by the Board of Trustees. Reserves are the portion of the charity’s unrestricted funds that are freely available to spend on any of the charity’s purposes. Our reserves policy ensures that the charity maintains sufficient free reserves to support ongoing operations and manage financial risks.

The purposes of our reserves are:

The Board of Trustees regularly reviews these criteria in line with the Proton Foundation’s strategic plan and annual objectives. Based on this review, the Trustees determine the target level of free reserves required to

Proton Foundation Charity no. 1121153 Hope Community Church, Deveron Way, Hinckley, LE10 0XD

11

TRUSTEE’S ANNUAL REPORT (incorporating Director’s Report) FOR THE YEAR ENDED 31 DECEMBER 2025

safeguard the charity’s financial stability.

From time to time, the Trustees may designate funds from free reserves to cover significant project costs or the replacement of major assets.

The Proton Foundation aims to maintain free reserves equivalent to 3-6 months of operating expenditure to ensure financial resilience and continuity of our charitable work.

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 15 April 2026 and signed on its behalf by:

M Wichmann

M Wichmann (Jun 10, 2026 21:03:02 GMT+1)

Marcus Wichmann Chair of Trustees/Director

Proton Foundation Charity no. 1121153 Hope Community Church, Deveron Way, Hinckley, LE10 0XD

12

INDEPENDENT EXAMINERS’ REPORT FOR THE YEAR ENDED 31 DECEMBER 2025

I report to the trustees on my examination of the accounts of the company for the year ended 31 December 2025 which are set out on pages 18 to 29.

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 T A Davis Chartered Accountant (ICAEW) {{sig1_es_:signer2:signature:dimension(width=80mm, height=15mm)}} T A Davis (May 30, 2026 01:55:14 GMT+1) 6 Russet Grove Dated: Bawtry Doncaster DN10 6RN

13

Proton Foundation Charity no. 1121153 Hope Community Church, Deveron Way, Hinckley, LE10 0XD

PROTON FOUNDATION

STATEMENT OF FINANCIAL ACTIVITIES (including Income & Expenditure Account) FOR THE YEAR ENDED 31 DECEMBER 2025

Notes
Income and endowments from:
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
Fund balances at
31 December 2025
Net incoming/(outgoing)
resources before transfers
Fund balances at
1 January 2025
Net income/(expenditure) for
the year /
net movement in funds		 Unrestricted
funds
Designated
funds
Restricted
funds
Total
2025
2025
2025
2025

£
£
£
£		 Unrestricted
funds
Designated
funds
Restricted
funds
Total
2024
2024
2024
2024
£
£
£
£
16,158
5,657
-
21,815
-
70,420
9,288
79,708
10,440
-
-
10,440
638
-
-
638
3,010
-
-
3,010		 29,379
6,004
1,750
37,133
-
88,191
44,880 133,071
9,498
-
-
9,498
817
-
-
817
2,742
-
-
2,742
30,246
76,077
9,288 115,611		 42,436
94,195
46,630 183,261
6,359
-
-
6,359
48,815
95,488
16,806 161,109		 1,725
-
-
1,725
35,894
77,523
36,275 149,692
55,174
95,488
16,806 167,468		 37,619
77,523
36,275 151,417
(24,928)
(19,411)
(7,518) (51,858)
(20,178)
20,068
110
-		 4,817
16,672
10,355
31,844
14,968
(14,968)
-
-
(45,106)
657
(7,408) (51,858)
81,772
7,656
13,381 102,809		 19,785
1,704
10,355
31,844
61,987
5,952
3,026
70,965
36,666
8,313
5,973
50,951		 81,772
7,656
13,381 102,809

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 2025

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		 £
£
942
3,805
63,157
66,962
16,953
50,009
50,951
5,973
8,313
36,666
50,951
2025		 £
£
2024		 £
£
2024
3,805
63,157		 13,244
97,877		 1,882




100,927
66,962
16,953		 111,121
10,194
102,809
13,381
7,656
81,772
102,809

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 2025. 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 15 April 2026 and were signed on its behalf by:

M Wichmann

M Wichmann (Jun 10, 2026 21:03:02 GMT+1)

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

M Wichmann

Chair of Trustees

Company Number 05801211

Page 15

PROTON FOUNDATION NOTES TO THE ACCOUNTS FOR THE YEAR ENDED 31 DECEMBER 2025

1 Accounting policies

Charity information

Proton Foundation is a charitable company limited by guarantee, incorporated in England and Wales. The registered office is Hope Community Church, Deveron Way, Hinckley, Leicestershire, LE10 0XD.

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 2025

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 2025

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 2024
Donations and gifts
Grants
For the year ended 31 December 2024
Charitable activities income
Flourish online
HUB's
South Wales		 Unrestricted
funds
Designated
funds
Restricted
funds
Total
Total
2025
2025
2025
2025
2024
£
£
£
£
£
9,158
5,657
-
14,815
15,383
7,000
-
-
7,000
21,750
16,158
5,657
-
21,815
37,133
29,379
6,004
1,750
37,133
Unrestricted
funds
Designated
funds
Restricted
funds
Total
Total
2025
2025
2025
2025
2024
£
£
£
£
£
-
-
-
-
1,000
-
70,420
9,288
79,708
69,127
-
-
-
-
62,944
-
70,420
9,288
79,708
133,071
-
88,191
44,880
133,071

Page 18

PROTON FOUNDATION

NOTES TO THE ACCOUNTS (continued) FOR THE YEAR ENDED 31 DECEMBER 2025

NOTES TO THE ACCOUNTS(continued)
FOR THE YEAR ENDED 31 DECEMBER 2025		 THE ACCOUNTS(continued)
AR ENDED 31 DECEMBER 2025
5 Other trading activities income
Unrestricted
funds
Designated
funds
Restricted
funds
2025
2025
2025
£
£
£
Online licenses
10,440
-
-
10,440
-
-
9,498
-
-
6 Investment Income
Investment income
7 Other income
Other income
Donated services
8 Cost of raising funds
Unrestricted
funds
Designated
funds
Restricted
funds
2025
2025
2025
£
£
Fundraising costs
1,810
-
-
Share of support costs (see note 10)
4,549
-
-
6,359
-
-
1,725
9 Charitable activity expenditure
Unrestricted
funds
Designated
funds
Restricted
funds
Note
2025
2025
2025
20
£
£
-
4,731
934
-
85,757
15,782
-
-
-
-
90,488
16,716
Share of support costs (see note 10)
42,478
5,000
90
Share of governance costs (see note 10)
6,337
-
-
Total charitable expenditure
48,815
95,488
16,806
35,894
77,523
36,275
Total resources expended
55,174
95,488
16,806
37,619
77,523
36,275
For the year ended 31 December 2024
For the year ended 31 December 2024
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 2024
For the year ended 31 December 2024
Flourish online
HUB's
South Wales		 Unrestricted
funds
Designated
funds
Restricted
funds
2025
2025
2025
£
£
£		 Total
Total
2025
2024
£
£
10,440
-
-		 10,440
9,498
10,440
-
-		 10,440
9,498
9,498
2025
2024
£
£
638
817
2025
2024
£
£
76
24
2,934
2,718
3,010
2,742
Total
Total
2025
2024
£
£
1,810
-
-
4,549
-
-		 1,810
50
4,549
1,675
6,359
-
-		 6,359
1,725
1,725
Unrestricted
funds
Designated
funds
Restricted
funds
2025
2025
2025
£
£		 1,725
Total
Total
2025
2024
£
£
-
4,731
934
-
85,757
15,782
-
-
-		 5,665
591
101,539
34,943
-
70,625
-
90,488
16,716		 107,204
106,159
42,478
5,000
90
6,337
-
-		 47,568
44,707
6,337
7,137
161,109
158,003
149,692
167,468
151,417
37,619
77,523
36,275		 151,417

Page 19

PROTON FOUNDATION

NOTES TO THE ACCOUNTS (continued) FOR THE YEAR ENDED 31 DECEMBER 2025

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 2024
For the year ended 31 December 2024		 Unrestricted
funds
Designated
funds
Restricted
funds
Total
2025
2025
2025
2025
£
£
£
£
-
5,000
-
5,000
16,857
-
-
16,857
1,384
-
-
1,384
947
-
-
947
8,531
-
-
8,531
5,760
-
90
5,850
12,218
-
-
12,218
390
-
-
390
940
-
-
940
5,056
-
-
5,056
-
-
-
-
1,200
-
-
1,200
81
-
-
81		 Total
2024
£

4,300

14,179

3,118

1,254

327

6,612

11,190

316

940

1,485


1,110

377
53,364
5,000
90
58,454
45,208
37,569
4,300
3,339
4,549
-
-
4,549
48,815
5,000
90
53,905		 45,208
53,364
5,000
90
58,454
1,209
-
-
36,360
5,005
605
37,569
5,005
605
43,179

Support, fundraising and governance costs are allocated on the basis of time spent. Governance costs includes £nil (2024: £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
Services 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:
The Hope Community Church Hinckley- M J Williams is a a trustee.
During the year the company received the following:		 2025
2024
£
£
29,016
32,662
1,139
1,321
1,609
1,687
2025
2024
£
£
4,178
5,240
2025
2024
£
£
1,650
-

Page 20

PROTON FOUNDATION NOTES TO THE ACCOUNTS (continued) FOR THE YEAR ENDED 31 DECEMBER 2025

Other than disclosed above, there were no other trustees' remumeration, expenses or other benefits for the year ended 31 December 2025 nor the year ended 31 December 2024.

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 £nil (2024: £nil) with no conditions attached.

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		 2025
2024
Number
Number
6
4
2025
2024
£
£
95,756
88,069
1,736
1,833
3,210
2,742
100,702
92,644

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

13 Tangible Fixed Assets

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
All assets are held for the Charity's own use
Debtors: amounts falling due within one year:
Trade debtors
Prepayments and accrued income
Other debtors
31 December 2024
31 December 2025
01 January 2025
31 December 2025
01 January 2025
31 December 2025		 Fixtures &
Fittings
2,230
-
-		 Computer
Equipment
1,149
-
-		 Total
3,379
-
-
2,230 1,149 3,379
1,114
557
-		 383
383
-		 1,497
940
-
1,671 766 2,437
1,116 766 1,882
559 383 942
2025
£
2,441
1,239
125		 2024
£
2,435
10,634
175
3,805 13,244

14 Debtors: amounts falling due within one year:

Page 21

PROTON FOUNDATION

NOTES TO THE ACCOUNTS (continued)

FOR THE YEAR ENDED 31 DECEMBER 2025

NOTES TO THE ACCOUNTS(continued)
FOR THE YEAR ENDED 31 DECEMBER 2025		 NOTES TO THE ACCOUNTS(continued)
FOR THE YEAR ENDED 31 DECEMBER 2025
15
**16 **		 Creditors : amounts falling due within one year:
2025
2024
£
£
Trade creditors
325
272
Other taxation, social security & pensions
985
1,776
Accruals & deferred income
15,643
14,320
16,953
24,514
Movement in funds
Balance at
1.1.2025
Incoming
resources
Resources
expended
Transfers
Balance
at 31.12.2025
RESTRICTED FUNDS
£
£
£
£
£
Flourish online
Martin Trust
934
-
(934)
-
-
North West Leicestershire DC
975
-
(975)
-
-
HUBs
Awards for All
3,289
-
(3,289)
-
-
Heart of England IMI fund
1,144
-
(1,144)
-
-
Westhill Endowment Grant
3,127
-
(3,218)
91
-
Norman Whiteley Trust
-
1,000
(1,000)
-
-
Groundwork/Tesco Pontypool
258
-
(283)
25
-
Groundwork/Tesco Chepstow
359
-
(359)
-
-
Groundwork/Tesco Ebbw Vale
258
-
(258)
-
-
Groundwork/Tesco Pontardawe
1,019
-
(1,019)
-
-
Groundwork/Tesco Gorseinon
198
-
(198)
-
-
Groundwork/Tesco Neath
198
-
(198)
-
-
Groundwork/Tesco Port Talbot
667
-
(658)
(9)
-
Groundwork/Tesco Swansea
667
-
(658)
(9)
-
Welsh Awards for All
288
-
(300)
12
-
Groundwork/Tesco Neath Caerphilly
-
500
(418)
-
82
Groundwork/Tesco Aberdare
-
1,000
(680)
-
320
Groundwork/Tesco Cardiff
-
500
(500)
-
-
Groundwork/Tesco Risca
-
1,000
(540)
-
460
The Allen Lane Foundation
-
4,988
(178)
-
4,811
Small Grants Scheme
-
300
-
-
300
Total Restricted Funds
13,381
9,288
(16,807)
110
5,973
DESIGNATED FUNDS(Unrestricted)
Tithe fund / Mustard seed fund
7,656
5,657
(5,000)
-
8,313
HUB'S
Self generated income
-
70,420
(85,757)
15,337
-
Flourish Online
-
Other
-
-
(4,731)
4,731
-
Total Designated Funds
7,656
76,077
(95,488)
20,068
8,313
Unrestricted Fund/Free Reserves
81,772
30,246
(55,174)
(20,178)
36,666
TOTAL FUNDS
102,809
115,611
(167,469)
-
50,951		 2025
2024
£
£
325
272
985
1,776
15,643
14,320
16,953
24,514
Transfers
Balance
at 31.12.2025
£
£
934
-
(934)
-
-
975
-
(975)
-
-
3,289
-
(3,289)
-
-
1,144
-
(1,144)
-
-
3,127
-
(3,218)
91
-
-
1,000
(1,000)
-
-
258
-
(283)
25
-
359
-
(359)
-
-
258
-
(258)
-
-
1,019
-
(1,019)
-
-
198
-
(198)
-
-
198
-
(198)
-
-
667
-
(658)
(9)
-
667
-
(658)
(9)
-
288
-
(300)
12
-
-
500
(418)
-
82
-
1,000
(680)
-
320
-
500
(500)
-
-
-
1,000
(540)
-
460
-
4,988
(178)
-
4,811
-
300
-
-
300

Page 22

PROTON FOUNDATION

NOTES TO THE ACCOUNTS (continued) FOR THE YEAR ENDED 31 DECEMBER 2025

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.

HUBs

These are HUBs that have been trained to deliver the Flourish project face to face with young people. Grants received in the year: Normal Whiteley Trust, Groundwork/Tesco funding for South Wales, The Allen Lane Foundation and the Small Grants Scheme.

South Wales

HUBs & South Wales deployment programmes have now been combined and are now all reported under HUBs.

18
Analysis of net assets between funds
Restricted funds
Unrestricted funds
- Capital funds
- Designated funds
- General funds
At 31 December 2025		 Note Fixed
Assets
Current
Assets
Current
Liabilities
Total
£
£
£
£
16
16		 -
5,973
-
5,973
942
-
-
942
-
8,313
-
8,313
-
52,677
(16,953)
35,724
942
66,962
(16,953)
50,951

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:

Within one year
Between two and five years		 2025
2024
£
£
150
1,800
-
-
150
1,800

The contractual lease commitment commenced 1 January 2024 on a 12 month lease with a rolling 1 month notice period thereafter, therefore in 2025 there were nil non-cancellable operating leases.

Page 23

PROTON FOUNDATION

PROJECT INCOME & EXPENDITURE

FOR THE YEAR ENDED 31 DECEMBER 2025

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 @ 31.12.2024
Dedicated funds @ 31.12.2024
Project funds @ 31.12.2024
Restricted funds @ 31.12.2025
Restricted spent on non-project
Restricted funds @ 31.12.2025
Dedicated funds @ 31.12.2025
Project funds @ 31.12.2025*		 Flourish
Online
HUB's
South
Wales
Projects
Total
2025
2025
2025
2025
£
£
£
£		 Flourish
Online
HUB's
South
Wales
Projects
Total
2024
2024
2024
2024
£
£
£
£
-
17,934
-
17,934
-
14,173
-
14,173
-
21,925
-
21,925
-
12,607
-
12,607
-
11,707
-
11,707
-
1,361
-
1,361		 -
26,000
-
26,000
1,000
25,182
19,998
46,180
-
9,632
22,363
31,995
-
2,608
9,554
12,162
-
5,229
11,029
16,258
-
476
-
476
-
79,708
-
79,708		 1,000
69,127
62,944
133,071
4,731
74,249
-
78,980
-
6,675
-
6,675
-
12,729
-
12,729
540
-
-
540
-
270
-
270
394
2,321
-
2,715
-
782
-
782
-
1,447
-
1,447
-
2,557
-
2,557
-
510
-
510		 202
23,803
52,976
76,981
-
2,302
3,265
5,567
-
8,376
9,249
17,625
240
-
766
1,006
-
-
-
-
142
151
226
519
-
40
266
306
-
-
1,784
1,784
7
102
1,658
1,767
-
169
435
604
5,665 101,539
- 107,204		 591
34,943
70,625
106,159
(5,665)
(21,831)
-
(27,496)
3,756
20,334
(3,912)
20,178
1,909
7,560
3,912
13,381
-
-
-
-		 409
34,184
(7,681)
26,912
-
(26,561)
11,593
(14,968)
1,500
1,526
-
3,026
-
-
-
-
1,909
7,560
3,912
13,381		 1,500
1,526
-
3,026
-
6,063
-
6,063
-
(90)
-
(90)		 1,909
9,149
3,912
14,970
-
(1,589)
-
(1,589)
-
5,973
-
5,973
-
-
-
-		 1,909
7,560
3,912
13,381
-
-
-
-
-
5,973
-
5,973		 1,909
7,560
3,912
13,381

Page 24

PROTON FOUNDATION

NON-PROJECT INCOME & EXPENDITURE FOR THE YEAR ENDED 31 DECEMBER 2025

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
Net movment in year
Transfer to projects
Capital grant expenditure
Transfer (deficit)/surplus (to)/from project dedicated funds
Restricted funds @ 31.12.2024
Dedicated funds @ 31.12.2024
Unrestricted funds @ 31.12.2024
Project funds @ 31.12.2024
Restricted funds @ 31.12.2025
Dedicated funds @ 31.12.2025
Unrestricted funds @ 31.12.2025
Project funds @ 31.12.2025		 2025
£		 2024
£
14,815
-
7,000
10,440
638
2,934
76		 15,383
-
21,750
9,498
817
2,718
24
35,903 50,190
5,000
21,913
1,384
947
1,810
8,531
5,850
390
-
1,200
12,218
81
940		 4,300
15,664
3,118
1,254
50
327
6,612
316
-
1,110
11,190
377
940
60,264 45,258
(24,361)
(90)
-
(20,178)
-
7,656
81,771		 4,932
(1,589)
-
14,968
-
5,952
61,986
89,427 67,938
-
8,313
36,666		 -
7,656
81,771
44,979 89,427

Page 25