REGISTERED COMPANY NUMBER: |
REGISTERED CHARITY NUMBER: |
Report of the Trustees and |
Unaudited Financial Statements for the Year Ended 31 December 2024 |
for |
Proclaimers |
REGISTERED COMPANY NUMBER: |
REGISTERED CHARITY NUMBER: |
Report of the Trustees and |
Unaudited Financial Statements for the Year Ended 31 December 2024 |
for |
Proclaimers |
Proclaimers |
Contents of the Financial Statements |
for the Year Ended 31 December 2024 |
Page |
Report of the Trustees | 1 | to | 5 |
Independent Examiner's Report | 6 |
Statement of Financial Activities | 7 |
Balance Sheet | 8 | to | 9 |
Cash Flow Statement | 10 |
Notes to the Financial Statements | 11 | to | 21 |
Proclaimers (Registered number: 06088250) |
Report of the Trustees |
for the Year Ended 31 December 2024 |
The Trustees present their annual report together with the financial statements of Proclaimers for the year 1 January 2024 to 31 December 2024. The Trustees confirm that the Annual Report and financial statements of the company comply with the current statutory requirements, the requirements of the company's governing document and the provisions of the Statement of Recommended Practice (SORP), applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) (effective 1 January 2015) as amended by Update Bulletin 1 (effective 1 January 2015). |
Since the company qualifies as small under section 383, the strategic report required of medium and large companies under The Companies Act 2006 (Strategic Report and Director's Report) Regulations 2013 is not required. |
The company also trades under the name 'The Space'. |
Introduction |
Proclaimers is a modern church that loves God and loves people. We are dedicated to helping people connect with God and connect with their destiny. We believe Church should be welcoming, accessible and relevant. We are one church in 2 locations, with campuses in Norwich and Ipswich. Proclaimers is an AOG church. |
Proclaimers also operates The Space which is a social enterprise facility that provides space to businesses, community groups and organisations for training, conferences, seminars, workshops, presentations, launches, exhibitions and more. Our clients include local councils, local businesses from SMEs to large national and multinational corporations, local and national charities and third sector organisations etc. in and around Norwich. |
OBJECTIVES AND ACTIVITIES |
Policies and objectives |
The vision and objective of Proclaimers is The Salvation of our City. This vision shapes everything we do - every programme we run, every service we hold - it is all about seeing the people of Norwich and Ipswich connect with Jesus. |
Our mission is: Reach people. Influence culture. Build future. Our mission is to reach people for Christ and influence culture by building a large church in Norwich and Ipswich; to disciple and empower people in every area of life and shape the future of our city and beyond. |
In accordance with our objectives, we have a healthy organisation that is expanding in reach and effectiveness. Our principal funding source is the tithes and offerings of the church. Our people are generous givers. With the addition of funds from our social enterprise, The Space, we are able to have extra income made available to fulfil our objectives. |
Proclaimers (Registered number: 06088250) |
Report of the Trustees |
for the Year Ended 31 December 2024 |
OBJECTIVES AND ACTIVITIES |
Significant activities |
Impacting our world - Public Benefit through charitable activities |
When planning our activities for the year, the Directors considered the Commission's guidance on public benefit and, in particular, the specific guidance on charities for the advancement of religion. |
The Directors confirm that, in exercising their powers and duties, they have complied with their duty to have due regard to the guidance on public benefit published by the Charity Commission. |
The charity's work continues to focus on programmes and services which promote the Church's vision, objectives and mission. |
We have a Sunday morning service every week. It has been encouraging to see the increase in new people and families attending the services regularly. The tithes and offerings have fluctuated throughout the year and this does have an impact on our finances. |
Alongside our weekly Sunday services, we also had a number of social initiatives and programmes.These were: |
Parents and Babies (Ages 0-1); Proclaimers Kids (Ages 1-10); Fearless (Ages 11-17); One (Ages 18-25); Proclaimers Families; Prime (Ages 26+); Inspire (Ages 40+); The Hope Initiative; Groups and a variety of volunteer Teams. |
All our programmes take place onsite where people can meet in person. We do however, continue to offer some hybrid programmes, including livestreaming our Sunday morning service, for those who prefer to join us online. |
We ran three very successful community programmes this year, under The Hope Initiative which is our community outreach programme. The first was our Easter Party on Good Friday where we invited members of the community to enjoy a fun morning for all the family. We provided refreshments and entertainment for the children which included face paints, crafts, games and Easter egg hunts. We had 277 visitors attending, many of whom were first time visitors as well as visitors returning from the Easter Party in 2023. The second programme was GloFest which was an alternative Halloween party for primary school aged children and their parents. We trialled this in 2022 and following its success we now run this event every year. This year we had 40 people attend the party even though it was a ½ term week. The third event we planned this year was our Winter Wonderland party for families in December. Families joined us for a morning of bouncy castles and fun activities. We had over 250 people join us for this event. |
The Hope Initiative also ran our annual Christmas Hamper campaign this year. We collected items and donations to create luxury hampers which contained a Christmas meal for 4 with all the trimmings. We also supplied a voucher for the fresh food. |
We were able to distribute 537 hampers and treat boxes, across Norwich and Ipswich, to those in need via our partnership with other local agencies. We value the relationships we have been able to build with these partner organisations as it helps us to ensure the hampers are given to those most in need. These agencies work with families with complex needs, young carers, domestic violence survivors, to name just a portion of the work they do. |
Our pastoral care team has continued to help those who are sick and in need of personal care as well as providing support and a listening ear to those who suffered losses due to the death of family members and loved ones. We offered signposting to professional services where needed. This year we have run a few successful pre-marriage courses for young couples. We also assisted new mums by providing practical support such as dropping meals off to them and giving parenting advice in the first few weeks of parenthood. |
The Space has seen an increase in revenue this year. The nature and type of bookings and new clients have changed again over the course of the year and we are looking at the best way in which to adapt to these changes in a positive way. |
This year, we worked alongside Career Ready and offered work experience to 2 A-level students for 4 weeks. We ran mater classes for the students in marketing, tech, daily budgets and finances and customer services. It was a valuable and worthwhile experience for all those involved. |
Proclaimers (Registered number: 06088250) |
Report of the Trustees |
for the Year Ended 31 December 2024 |
OBJECTIVES AND ACTIVITIES |
Impact beyond our world - Public benefit |
We have been regularly supporting missionary endeavours overseas. This year we have supported the following projects and ministries: |
Ministry in Thailand. This year Bobby Rawls has visited Thailand to offer support, training and teaching to various churches in Thailand. He is well placed to do this and he speaks Thai and knows the culture very well. |
Compassion, a child-sponsorship programme. Through our on-going support we have been able to sponsor 70 children, predominantly in the nation of Togo, West Africa. |
Scott Wilson in Denmark, coaching and mentoring leaders for greater impact throughout Europe and in the UK. Scott's work has proven to be invaluable to church leaders. Scott also runs 2 conferences in Europe called Eurolead. Our team are very involved in the organisation of these conferences. |
FINANCIAL REVIEW |
Reserves policy |
The total reserves as at 31 December 2024 were £51,809 (2023: £57,890), all of which were unrestricted. The need for day-to-day working capital is being met by careful cash flow management. The director's target is to increase the level of free reserves through careful management of future gifts and donations. The directors consider that free reserves equating to approximately three months expenditure would provide an adequate buffer for the future but consider that the charity's mission will always take precedence over the accumulation of reserves. |
Going concern |
After making appropriate enquiries, the trustees have a reasonable expectation that the company has adequate resources to continue in operational existence for the foreseeable future. For this reason they continue to adopt the going concern basis in preparing the financial statements. |
STRUCTURE, GOVERNANCE AND MANAGEMENT |
Governing document |
The charity is controlled by its governing document, a deed of trust, and constitutes a limited company, limited by guarantee, as defined by the Companies Act 2006. |
Charity constitution |
The company is registered as a charitable company limited by guarantee and was set up by a Memorandum of Association on 7th February 2007. |
The company is constituted under a Memorandum of Association dated 7th February 2007 and is a registered charity number 1120306. |
The principal object of the company is to provide the advancement of the Christian Religion by the proclamation and furtherance of the gospel of God concerning His Son Jesus Christ the Lord and the preaching and teaching of the Word of God. |
Recruitment and appointment of new trustees |
The management of the company is the responsibility of the Trustees who are elected and co-opted under the terms of the Articles of Association. |
Proclaimers (Registered number: 06088250) |
Report of the Trustees |
for the Year Ended 31 December 2024 |
STRUCTURE, GOVERNANCE AND MANAGEMENT |
Organisational structure |
The organisation is a charitable company limited by guarantee, incorporated on 7th February 2007 and registered as a charity on 27th July 2007. The company was established under a Memorandum of Association which set out the objects and powers of the charitable company and is governed under its Articles of Association. |
We currently have 6 directors. |
The directors of the company are also charity trustees for the purposes of charity law. |
The company has delegated day to day running to the Managing Director, Bobby Thomas Rawls. |
The Managing Director works with the other Directors and employees of the company on a day-to-day level. In turn the directors meet every quarter with policy updates, full reports and any new business deemed important for the Directors to consider. We are all working well with no tension or problems. |
Directors are recruited by the Managing Director and the Members of the company - they are appointed by the vote of the other Directors. New Directors are inducted at a Directors meeting after training by others who are qualified. |
Risk Management has been reviewed and policies and procedures are in place. Financial risks are monitored regularly. Internal control risks are minimised by the implementation of procedures for authorisation of all transactions. |
Procedures are in place to ensure compliance with health and safety of staff, volunteers and visitors to our premises. We have policies in place for Safeguarding, Vulnerable Adults and Data Protection, and training of volunteers and staff to ensure these are followed is undertaken on a regular basis. |
The leadership structure is flowing smoothly with Bobby Thomas Rawls as Lead Pastor of the church and Managing Director of the company. We have 8 paid staff working for the Church and The Space in both a full time and part time capacity. |
Beside this administrative structure mentioned above we have regular volunteer ministry team meetings with other members of the leadership team, who have specific responsibilities for heading up and running various ministries within the Church. |
All Directors are regularly kept up to date on changing laws, policies and procedures of the Charity Commission. |
REFERENCE AND ADMINISTRATIVE DETAILS |
Registered Company number |
Registered Charity number |
Registered office |
Proclaimers (Registered number: 06088250) |
Report of the Trustees |
for the Year Ended 31 December 2024 |
Trustees |
Mr M A Hodder |
Mr B T Rawls |
Dr P M Temple |
Dr H Temple-Reddish |
Mr D P Middleton |
Ms R McCrum |
Chief executive officer |
Mr B T Rawls |
Company secretary |
Ms R McCrum |
Independent Examiner |
Ms Rachel Garnham FCCA |
CUNNINGHAMS |
Number Sixty One |
Alexandra Road |
Lowestoft |
Suffolk |
NR32 1PL |
Approved by order of the board of trustees on |
Independent Examiner's Report to the Trustees of |
Proclaimers |
Independent examiner's report to the trustees of Proclaimers ('the Company') |
I report to the charity trustees on my examination of the accounts of the Company for the year ended 31 December 2024. |
Responsibilities and basis of report |
As the charity's trustees of the Company (and also its directors for the purposes of company law) you are responsible for the preparation of the accounts in accordance with the requirements of the Companies Act 2006 ('the 2006 Act'). |
Having satisfied myself that the accounts of the Company are not required to be audited under Part 16 of the 2006 Act and are eligible for independent examination, I report in respect of my examination of your charity's accounts as carried out under Section 145 of the Charities Act 2011 ('the 2011 Act'). In carrying out my examination I have followed the Directions given by the Charity Commission under Section 145(5) (b) of the 2011 Act. |
Independent examiner's statement |
Since your charity's gross income exceeded £250,000 your examiner must be a member of a listed body. I can confirm that I am qualified to undertake the examination because I am a member of the Association of Chartered Certified Accountants, which is one of the listed bodies. |
I have completed my examination. I confirm that no matters have come to my attention in connection with the examination giving me cause to believe: |
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 the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102)). |
I have no concerns and have come across no other matters in connection with the examination to which attention should be drawn in this report in order to enable a proper understanding of the accounts to be reached. |
Ms Rachel Garnham FCCA |
CUNNINGHAMS |
Number Sixty One |
Alexandra Road |
Lowestoft |
Suffolk |
NR32 1PL |
15 May 2025 |
Proclaimers |
Statement of Financial Activities |
for the Year Ended 31 December 2024 |
31.12.24 | 31.12.23 |
Unrestricted | Restricted | Total | Total |
fund | fund | funds | funds |
Notes | £ | £ | £ | £ |
INCOME AND ENDOWMENTS FROM |
Donations and legacies | 2 |
Other trading activities | 3 |
Investment income | 4 |
Total |
EXPENDITURE ON |
Direct trading costs | 5 |
Charitable activities | 6 |
Total |
NET INCOME/(EXPENDITURE) | ( |
) | ( |
) | ( |
) |
RECONCILIATION OF FUNDS |
Total funds brought forward |
TOTAL FUNDS CARRIED FORWARD | 57,890 |
Proclaimers (Registered number: 06088250) |
Balance Sheet |
31 December 2024 |
31.12.24 | 31.12.23 |
Unrestricted | Restricted | Total | Total |
fund | fund | funds | funds |
Notes | £ | £ | £ | £ |
FIXED ASSETS |
Tangible assets | 12 |
CURRENT ASSETS |
Stocks | 13 |
Debtors | 14 |
Cash at bank and in hand |
CREDITORS |
Amounts falling due within one year | 15 | ( |
) | ( |
) | ( |
) |
NET CURRENT ASSETS |
TOTAL ASSETS LESS CURRENT LIABILITIES |
CREDITORS |
Amounts falling due after more than one year | 16 | ( |
) | ( |
) | ( |
) |
NET ASSETS |
FUNDS | 19 |
Unrestricted funds | 57,890 |
TOTAL FUNDS | 57,890 |
The charitable company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 December 2024. |
The members have not required the company to obtain an audit of its financial statements for the year ended 31 December 2024 in accordance with Section 476 of the Companies Act 2006. |
The trustees acknowledge their responsibilities for |
(a) | ensuring that the charitable company keeps accounting records that comply with Sections 386 and 387 of the Companies Act 2006 and |
(b) | preparing financial statements which give a true and fair view of the state of affairs of the charitable company as at the end of each financial year and of its surplus or deficit for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the charitable company. |
Proclaimers (Registered number: 06088250) |
Balance Sheet - continued |
31 December 2024 |
These financial statements have been prepared in accordance with the provisions applicable to charitable companies subject to the small companies regime. |
The financial statements were approved by the Board of Trustees and authorised for issue on |
Proclaimers |
Cash Flow Statement |
for the Year Ended 31 December 2024 |
31.12.24 | 31.12.23 |
Notes | £ | £ |
Cash flows from operating activities |
Cash generated from operations | 21 | 44,651 | (18,555 | ) |
Interest paid | (1,808 | ) | (1,025 | ) |
Interest element of hire purchase payments paid |
(2,849 |
) |
(2,860 |
) |
Net cash provided by/(used in) operating activities | 39,994 | (22,440 | ) |
Cash flows from investing activities |
Purchase of tangible fixed assets | - | (43,941 | ) |
Interest received | 780 | 254 |
Net cash provided by/(used in) investing activities | 780 | (43,687 | ) |
Cash flows from financing activities |
Loan repayments in year | (2,540 | ) | (2,496 | ) |
Capital repayments in year | (3,629 | ) | 27,875 |
Net cash (used in)/provided by financing activities | (6,169 | ) | 25,379 |
Change in cash and cash equivalents in the reporting period |
34,605 |
(40,748 |
) |
Cash and cash equivalents at the beginning of the reporting period |
22 |
27,893 |
68,641 |
Cash and cash equivalents at the end of the reporting period |
22 |
62,498 |
27,893 |
Proclaimers |
Notes to the Financial Statements |
for the Year Ended 31 December 2024 |
1. | ACCOUNTING POLICIES |
BASIS OF PREPARING THE FINANCIAL STATEMENTS |
The financial statements of the charitable company, which is a public benefit entity under FRS 102, have been prepared in accordance with the Charities SORP (FRS 102) 'Accounting and Reporting by Charities: Statement of Recommended Practice applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) (effective 1 January 2019)', Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland' and the Companies Act 2006. The financial statements have been prepared under the historical cost convention. |
INCOME |
All income is recognised in the Statement of Financial Activities once the charity has entitlement to the funds, it is probable that the income will be received and the amount can be measured reliably. |
Income tax recoverable in relation to donation received under Gift Aid or deeds of covenant is recognised at the time of the donation. |
Income from other trading activities includes lettings income from office space, beverage sales and income derived from catering events. |
EXPENDITURE |
Liabilities are recognised as expenditure as soon as there is a legal or constructive obligation committing the charity to that expenditure, it is probable that a transfer of economic benefits will be required in settlement and the amount of the obligation can be measured reliably. Expenditure is accounted for on an accruals basis and has been classified under headings that aggregate all cost related to the category. Where costs cannot be directly attributed to particular headings they have been allocated to activities on a basis consistent with the use of resources. |
Irrecoverable VAT is charged as an expense against the activity for which expenditure arose. |
TANGIBLE FIXED ASSETS |
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life. |
Short leasehold | - |
Improvements to property | - |
Fixtures and fittings | - |
Motor vehicles | - |
Computer equipment | - |
STOCKS |
Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items. |
TAXATION |
The charity is exempt from corporation tax on its charitable activities. |
FUND ACCOUNTING |
Unrestricted funds can be used in accordance with the charitable objectives at the discretion of the trustees. |
Restricted funds can only be used for particular restricted purposes within the objects of the charity. Restrictions arise when specified by the donor or when funds are raised for particular restricted purposes. |
Further explanation of the nature and purpose of each fund is included in the notes to the financial statements. |
Proclaimers |
Notes to the Financial Statements - continued |
for the Year Ended 31 December 2024 |
1. | ACCOUNTING POLICIES - continued |
HIRE PURCHASE AND LEASING COMMITMENTS |
The interest element of these obligations is charged to the Statement of Financial Activities over the relevant period. The capital element of the future payments is treated as a liability. |
Rentals paid under operating leases are charged to the Statement of Financial Activities on a straight line basis over the period of the lease. |
Assets acquired under finance leases are capitalised and depreciated over the shorter of the lease term and the expected useful life of the asset. Minimum lease payments are apportioned between the finance charge and the reduction of the outstanding lease liability using the effective interest method. The related obligations, net of future finance charges, are included in creditors. |
Rentals payable and receivable under operating leases are charged to the SoFA on a straight line basis over the period of the lease |
PENSION COSTS AND OTHER POST-RETIREMENT BENEFITS |
The charitable company operates a defined contribution pension scheme. Contributions payable to the charitable company's pension scheme are charged to the Statement of Financial Activities in the period to which they relate. |
GOING CONCERN |
The financial statements have been prepared on a going concern basis as the trustees believe that no material uncertainties exist. The trustees have considered the level of funds held and the expected level of income and expenditure for 12 months from authorising the financial statements. The budgeted income and expenditure is sufficient with the level of reserves for the charity to be able to continue as a going concern. |
FINANCIAL INSTRUMENTS |
The company only has financial assets and financial liabilities of a kind that qualify as basic financial instruments, Basic financial instruments are initially recognised at transaction value and subsequently measured at their settlement value. |
2. | DONATIONS AND LEGACIES |
31.12.24 | 31.12.23 |
£ | £ |
Donations |
Gift aid |
3. | OTHER TRADING ACTIVITIES |
31.12.24 | 31.12.23 |
£ | £ |
Lettings income |
Beverage sales | 16,285 | 18,701 |
Catering events | 20,153 | 22,068 |
Proclaimers |
Notes to the Financial Statements - continued |
for the Year Ended 31 December 2024 |
4. | INVESTMENT INCOME |
31.12.24 | 31.12.23 |
£ | £ |
Deposit account interest |
5. | DIRECT TRADING COSTS |
OTHER TRADING ACTIVITIES |
31.12.24 | 31.12.23 |
£ | £ |
Opening stock |
Purchases |
Closing stock | ( |
) | ( |
) |
Bad debts | - | 105 |
15,854 | 14,917 |
Proclaimers |
Notes to the Financial Statements - continued |
for the Year Ended 31 December 2024 |
6. | CHARITABLE ACTIVITIES COSTS |
Direct Costs | £ |
Wages | 171,827 |
Social security | 8,702 |
Pensions | 8,255 |
Hire of plant and machinery | 11,507 |
Rent | 105,400 |
Rates and water | 3,107 |
Events and guest speakers | 13,842 |
Repairs and renewals | 15,085 |
337,725 |
Support Costs | £ |
Bank charges | 1,105 |
Bank interest | 999 |
Bank loan interest | 809 |
Cleaning | 11,964 |
Client hospitality | 677 |
Gifts and donations | 6,122 |
Hire purchase | 2,849 |
Insurance | 5,561 |
Light and heat | 32,362 |
Depreciation | 24,281 |
Telephone | 1,700 |
Postage and stationery | 26 |
Equipment and resources | 12,779 |
Travelling | 18,641 |
Advertising | 1,702 |
Subscriptions | 6,168 |
Sundry expenses | 1,243 |
128,988 |
Governance Costs | £ |
Accountancy | 8,856 |
Legal and professional fees | 13,478 |
22,334 |
Proclaimers |
Notes to the Financial Statements - continued |
for the Year Ended 31 December 2024 |
7. | SUPPORT COSTS |
Finance |
£ |
Charitable Activities | 4,657 |
8. | NET INCOME/(EXPENDITURE) |
Net income/(expenditure) is stated after charging/(crediting): |
31.12.24 | 31.12.23 |
£ | £ |
Depreciation - owned assets |
Hire of plant and machinery | 11,507 | 19,280 |
Other operating leases | 105,400 | 104,800 |
9. | TRUSTEES' REMUNERATION AND BENEFITS |
Mr B T Rawls (Trustee) received a gross salary of £32,729 for his duties as Senior Pastor of Proclaimers church and CEO of The Space. No element of this remuneration is paid for duties which Mr Rawls conducts as a director. |
In addition to this salary, the Charity provided living accommodation to Mr B T Rawls in order to enable the proper performance of the duties associated with his role of Senior Pastor. The total value of the costs incurred in respect of this accommodation within the year was £22,857. |
Mrs R McCrum (Trustee) received a gross salary of £18,875 for her services in relation to financial administration. No element of this remuneration is paid for duties which Mrs McCrum conducts as a director. |
TRUSTEES' EXPENSES |
There were no trustees' expenses paid for the year ended 31 December 2024 nor for the year ended 31 December 2023. |
10. | STAFF COSTS |
31.12.24 | 31.12.23 |
£ | £ |
Wages and salaries |
Social security costs |
Other pension costs |
188,784 | 174,117 |
The average monthly number of employees during the year was as follows: |
31.12.24 | 31.12.23 |
Employees |
Proclaimers |
Notes to the Financial Statements - continued |
for the Year Ended 31 December 2024 |
11. | COMPARATIVES FOR THE STATEMENT OF FINANCIAL ACTIVITIES |
Unrestricted | Restricted | Total |
fund | fund | funds |
£ | £ | £ |
INCOME AND ENDOWMENTS FROM |
Donations and legacies |
Other trading activities |
Investment income |
Total |
EXPENDITURE ON |
Direct trading costs |
Charitable activities |
Total |
NET INCOME/(EXPENDITURE) | ( |
) | ( |
) |
RECONCILIATION OF FUNDS |
Total funds brought forward | 93,572 | - |
TOTAL FUNDS CARRIED FORWARD | 57,890 | - | 57,890 |
12. | TANGIBLE FIXED ASSETS |
Improvements | Fixtures |
Short | to | and |
leasehold | property | fittings |
£ | £ | £ |
COST |
At 1 January 2024 and 31 December 2024 |
DEPRECIATION |
At 1 January 2024 |
Charge for year |
At 31 December 2024 |
NET BOOK VALUE |
At 31 December 2024 |
At 31 December 2023 |
Proclaimers |
Notes to the Financial Statements - continued |
for the Year Ended 31 December 2024 |
12. | TANGIBLE FIXED ASSETS - continued |
Motor | Computer |
vehicles | equipment | Totals |
£ | £ | £ |
COST |
At 1 January 2024 and 31 December 2024 |
DEPRECIATION |
At 1 January 2024 |
Charge for year |
At 31 December 2024 |
NET BOOK VALUE |
At 31 December 2024 |
At 31 December 2023 |
13. | STOCKS |
31.12.24 | 31.12.23 |
£ | £ |
Stocks |
14. | DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
31.12.24 | 31.12.23 |
£ | £ |
Trade debtors |
Other debtors |
Prepayments |
15. | CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
31.12.24 | 31.12.23 |
£ | £ |
Bank loans and overdrafts (see note 17) |
Hire purchase (see note 18) | 4,043 | 3,629 |
Trade creditors |
Social security and other taxes |
VAT | 2,639 | 3,803 |
Other creditors |
Accruals and deferred income |
Proclaimers |
Notes to the Financial Statements - continued |
for the Year Ended 31 December 2024 |
16. | CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR |
31.12.24 | 31.12.23 |
£ | £ |
Bank loans (see note 17) |
Hire purchase (see note 18) | 20,203 | 24,246 |
17. | LOANS |
An analysis of the maturity of loans is given below: |
31.12.24 | 31.12.23 |
£ | £ |
Amounts falling due within one year on demand: |
Bank overdrafts |
Bank loans |
Amounts falling between one and two years: |
Bank loans - 1-2 years |
Amounts falling due between two and five years: |
Bank loans - 2-5 years |
18. | LEASING AGREEMENTS |
Minimum lease payments fall due as follows: |
Hire purchase contracts |
31.12.24 | 31.12.23 |
£ | £ |
Net obligations repayable: |
Within one year | 4,043 | 3,629 |
Between one and five years | 20,203 | 24,246 |
24,246 | 27,875 |
Non-cancellable operating | leases |
31.12.24 | 31.12.23 |
£ | £ |
Within one year |
Proclaimers |
Notes to the Financial Statements - continued |
for the Year Ended 31 December 2024 |
19. | MOVEMENT IN FUNDS |
Net |
movement | At |
At 1.1.24 | in funds | 31.12.24 |
£ | £ | £ |
Unrestricted funds |
General fund | 57,890 | (6,081 | ) | 51,809 |
TOTAL FUNDS | (6,081 | ) | 51,809 |
Net movement in funds, included in the above are as follows: |
Incoming | Resources | Movement |
resources | expended | in funds |
£ | £ | £ |
Unrestricted funds |
General fund | 498,820 | (504,901 | ) | (6,081 | ) |
TOTAL FUNDS | ( |
) | (6,081 | ) |
Comparatives for movement in funds |
Net |
movement | At |
At 1.1.23 | in funds | 31.12.23 |
£ | £ | £ |
Unrestricted funds |
General fund | 93,572 | (35,682 | ) | 57,890 |
TOTAL FUNDS | 93,572 | (35,682 | ) | 57,890 |
Comparative net movement in funds, included in the above are as follows: |
Incoming | Resources | Movement |
resources | expended | in funds |
£ | £ | £ |
Unrestricted funds |
General fund | 478,008 | (513,690 | ) | (35,682 | ) |
TOTAL FUNDS | 478,008 | (513,690 | ) | (35,682 | ) |
Proclaimers |
Notes to the Financial Statements - continued |
for the Year Ended 31 December 2024 |
19. | MOVEMENT IN FUNDS - continued |
A current year 12 months and prior year 12 months combined position is as follows: |
Net |
movement | At |
At 1.1.23 | in funds | 31.12.24 |
£ | £ | £ |
Unrestricted funds |
General fund | 93,572 | (41,763 | ) | 51,809 |
TOTAL FUNDS | 93,572 | (41,763 | ) | 51,809 |
A current year 12 months and prior year 12 months combined net movement in funds, included in the above are as follows: |
Incoming | Resources | Movement |
resources | expended | in funds |
£ | £ | £ |
Unrestricted funds |
General fund | 976,828 | (1,018,591 | ) | (41,763 | ) |
TOTAL FUNDS | 976,828 | (1,018,591 | ) | (41,763 | ) |
20. | RELATED PARTY DISCLOSURES |
The company has an overdraft facility of £17,500. Mr BT Rawls has provided a personal guarantee in respect of this amount. |
21. | RECONCILIATION OF NET EXPENDITURE TO NET CASH FLOW FROM OPERATING ACTIVITIES |
31.12.24 | 31.12.23 |
£ | £ |
Net expenditure for the reporting period (as per the Statement of Financial Activities) |
(6,081 |
) |
(35,682 |
) |
Adjustments for: |
Depreciation charges | 24,281 | 28,745 |
Interest received | (780 | ) | (254 | ) |
Interest paid | 1,808 | 1,025 |
Interest element of hire purchase and finance lease rental payments | 2,849 | 2,860 |
Decrease/(increase) in stocks | 16 | (524 | ) |
Decrease/(increase) in debtors | 30,566 | (20,171 | ) |
(Decrease)/increase in creditors | (8,008 | ) | 5,446 |
Net cash provided by/(used in) operations | 44,651 | (18,555 | ) |
Proclaimers |
Notes to the Financial Statements - continued |
for the Year Ended 31 December 2024 |
22. | ANALYSIS OF CASH AND CASH EQUIVALENTS |
31.12.24 | 31.12.23 |
£ | £ |
Cash in hand | 709 | 572 |
Notice deposits (less than 3 months) | 68,467 | 40,621 |
Overdrafts included in bank loans and overdrafts falling due within one year | (6,678 | ) | (13,300 | ) |
Total cash and cash equivalents | 62,498 | 27,893 |
23. | ANALYSIS OF CHANGES IN NET (DEBT)/FUNDS |
At 1.1.24 | Cash flow | At 31.12.24 |
£ | £ | £ |
Net cash |
Cash at bank and in hand | 41,193 | 27,983 | 69,176 |
Bank overdraft | (13,300 | ) | 6,622 | (6,678 | ) |
27,893 | 34,605 | 62,498 |
Debt |
Finance leases | (27,875 | ) | 3,629 | (24,246 | ) |
Debts falling due within 1 year | (7,894 | ) | (2,728 | ) | (10,622 | ) |
Debts falling due after 1 year | (24,609 | ) | 5,269 | (19,340 | ) |
(60,378 | ) | 6,170 | (54,208 | ) |
Total | (32,485 | ) | 40,775 | 8,290 |