HERSDEN UNI)ER FIVES PROJECT FINANCIAL STATEMENTS 31 MARCH 2024 CHARITY NUMBER: 1057036 MCCABE FORD WILLIAMS Chartered Accountants 2 The Links HERNE BAY Kent CT6 7GQ
HERSDEN UNDER FIVES PROJECT FINANCIAL STATEMENTS YEAR ENDED 31 MARCH 2024 CONTENTS PAGE TrLlStees annual report Statement ot- responsibilities ot" the trustees Independent examiner's report Statement ot" financial activities Balance Sheet Notes lo the f Inancial statements
Page I HERSDEN UNDER FIVES PROJECT TRUSTEES ANNUAL REPORT YEAR ENDED 31 MARCH 2024 The trustees have pleasure in presentingy their report and the unaudited financial statements of the charity for the year ended 31 March 2024. LEGAL STATUS Constitution adopted on 22 November 1994 (as amended 24 January 1996, 17 June 1996 and 23 November 2011 }. OBJECTIVES OF HERSDEN UNDER FIVES PROJECT To enhance the development and education ot~ children under the agje of five by encouragjing parents to understand and provide t-or the needs of their children througyh community gyroups. ORGANISATION Hersden under fives project is a singyle entity and is not connected with any other charity or company. ACTIVITIES The principal activity of the charity duringy the year was the educatingy and trainingy of youngy children. REVIEW OF DEVELOPMENTS, ACTIVITIES AND ACHIEVEMENTS On comparison to last year, overall income has decreased by 6 %. Expenditure has remained at a similar level. The net incomingj resources for the year ended 31 March 2024 show at £1,653 compared Ivith £6,657 t-or the previous year. THE TRUSTEES The trustees who served the charity during the period were as follows: Amanda Stangyer Andrew Kite Elizabeth O, Donogyhue Katherine Rowberry Kerry Bourton Kristine Likaj Rachel Collins Sharonjit Bhangyu The trustees have had due regyard to gyuidance published by the Charity Commission on public benefit. Recruitment and appointment of new trustees The Charity recruits Trustees in accordance Nvith its policy on Trustee recruitment with adherence to its policies on Equal Opportunity. Trustees are expected to commit to continued on-gyoingy development and ensure they are conversant with the latest legyislation, best practice and respoiisibilities of running7 a charity. RISK MANAGEMENT The trustees confirm that the major risks, to which the charity is exposed, as identified by the trLlStees, have been reviewed and that systems have been established to managye those risks. RESERVES POLICY We had unrestricted f-unds at 31 March 2024 of £20,546, whicli WOLild cover 2 months expenditLire. The standard for charities would be 3 to 6 months of expenditure as reserves. Signed by order of the trustees Mrs A Stclngyer Approved by the trustees on 13 Deceniber 2024 MrAMKite
Page 2 HERSDEN UNDER FIVES PROJECT STATEMENT OF RESPONSIBILITIES OF THE TRUSTEES YEAR ENDED 31 MARCH 2024 The Charities Act requires the Trustees to prepare financial statements for each financial year that gjive a true and t.air view of the state of affairs of-the charity at the end of the Iiear and of the incoming and outgoing resources for the year then ended. In preparingy those tinancial statements, the -frustees are nequired to: Select suitable accounting policies and then aptjly them consistently. Make judgyements and estimates that are reason<ible and prudent. State whether applicable accountingy standards have been followed, subject to any material departures disclosed and explained in the financial statements. and [)repLlre the tinancial statements on the gyoingy c(Jicern basis unless it is inappropriate to presume that the charity will continue its activities. The l-rLlStees are responsible t.or keeping proper accoLintiingy records which disclose with reasonable accuracy at any time the tinancial position of the charity and to enable them to ensure that Ihe financial statements comply with the Charities Act 201 l . The Trustees are Ic Iso responsible r(x". sat-egyuardingi the assets ot- the charity and hence for taking rLclsoll<ible stLps f.or the preventic)n cind detection ot- fraLicI and other irregiularities.
Page 3 HERSDEN UNDER FIVES PROJECT INDEPENDENT EXAMINER'S REPORT TO THE TRUSTEES OF HERSDEN UNDER FIVE4 S PROJECT YEAR ENDED 31 MARCH 2024 I report on the unaudited accounts of the charity for the year ended 31 March 2023 set out on pagyes 4 to 9. RESPECTIVE RESPONSIBILITIES OF THE TRUSTEES AND THE INDEPENDENT EXAMINER As the charity's Trustees you are responsible for the preparation of the accounts. you consider that the audit requirement of Section 144(2) of the Charities Act 201 I does not apply and that an independent examination is needed. It is my responsibility to: exam ine the accounts (under Section 145 of the Charities Act 2011). follow the procedures laid down in the General Directions gjiven by the Charity Commissioners (under Section 145(5)(b) of the Charities Act 2011); and state whether particular matters have come to my attention. BASIS OF INDEPENDENT EXAMINER'S REPORT My examination was carried out in accordance with the gyeneral directions gyiven by the Charities Commissioners. An independent examination includes a review ot- the accountingy records kept by the charity and a comparison of the accounts presented with those records. It also includes consideration of any unusual items or disclosures in the accounts, and seekingy explanations from you as Trustees concerningy any siich matters. The procedures undertaken do not provide all the evidence that would be required in an audil, and consequently I do not express an audit opinion on the view giiven by the accounts. In connection with my examination, no matter has come to my attention: (i) which gyives Ine reasonable cause to believe that in any material respect the rec]uirenients: (a) to keep accountingy records in clccordance with Section 130 of the 201 l Act. and (b) to prepare accounts which accord with the accountingy records and to comply with the accoiintingy requirements of the 201 l Act have not been met; or (2) to which, in Iny opinion, attention should be drawn in order to enable a proper understaiidingi of. the accounts to be reached. Nc1nie: LEIGH JONES FCCA 13, Deceniber 2024 MCCABE FORD WILLIAMS Chartered Accountants 2 The Links Herne Bay Kent CT6 7GQ
Page 4 HERSDEN UNDER FIVES PROJECT STATEMENT OF FINANCIAL ACTIVITIES YEAR ENDED 31 MARCH 2024 Total Funds 2024 Total Funds 2023 Note INCOMING RESOURCES Donations Income from charitable trading activities: Grants receivable Charitable tradingy income Interest receivable Other income 2,046 4,224 83,691 22,227 262 89,773 20,736 38 TOTAL INCOMING RESOURCES 108,226 114,771 RESOURCES EXPENDED Costs of generating funds: Fundraisingy and publicity Costs in t"urtherance of charitable objects Staf"f Costs Depreciation and other costs Support costs Mcinagjement clnd 2£ dniinistrc2tion 16 159 92,800 7,699 5,236 822 95,050 6,695 5,556 TOTAL RESOURCES EXPENDED 106,573 108,114 NET INCOMING/(OUTGOING) RESOURCES FOR THE YfAR 1,653 6,6.57 Balances broLigyht t-orwcqrd 18,894 12,237 Balclnces carried f.orward 20,547 18,894 All movements art; in Unrestricted FLinds The notes on pages 6 to 9 fornt part of these fin'incial statements
Page 5 HERSDEN UNDER FIVES PROJECT BALANCE SHEET 31 MARCH 2024 2024 2023 Note FIXED ASSETS Tangyible assets 10 394 481 CURRENT ASSETS Stock Debtors Cash at bank and in hand 49 250 19,795 12 1,450 20,998 22,448 20,094 CREDITORS: Amounts falling due within one year 13 2,296 1,681 NET CURRENT ASSETS 20,152 18,413 TOTAL ASSETS LESS CURRENT LIABILITIES 20,546 18,894 NIT ASSETS 20,546 18,894 FUNDS Unrestricted: Charitable t-unds 14 20,546 18,894 TOTAL FUNDS 20,546 18,894 These tinancial statenients were approved by the members of the comriiittee on 13 Deceniber 2024 (2nd are sigyned on their behalf by: Jn4K MRS A STANGFR MII A M ICITE The notes on pages 6 to 9 forni rt of these financial st.2tements
Page 6 HERSDEN UNDER FIVES PROJECT NOTES TO THE FINANCIAL STATEMENTS YEAR ENDED 31 MARCH 2024 ACCOUNTING POLICIES Basis of accounting The financial statements hlc ve been prepared under the historical cost convention and in accordance with Ihe Stcltement ot" Recommended Practice "AccountingJ and Reportingy by Charities" SORP 2019 (FRS 102) and the Charities Act 2011. Income All inconie is reco(ynised in the Statement ot" Financial Activities once the charity has entitlement to the t"unds, it is probable that the iricome will be received and the amount cali be measured reliably. Tangible fixed assets Depreciation is provided at the t"ollowingy annual rates in order to write oft.each asset over its estimated Liset-ul lit"e: Equipment 111 % on reducingy balance Stock Stock is valued clt thL lower of" cost and net realtsable Vcilue. DONATIONS Total Funds 2024 Total Funds 2023 Doncltions Fundraisingy Donations 303 1,743 1,810 2,414 2,046 4,224 GRANTS RF.CEIVABLF. Total Funds 2024 Total Funds 2023 KCC Grants ESFA New Apprentice Payment T-LLvel Incentive KCC C'ol laboration Cifc1nt 83,691 82,698 6,000 1,000 75 83,691 89,773 CHARITABLE TRADING INCOME 2024 2023 Chc2rit<lble trcidinii 1( Ctivities incorne 22 ?27 20,736 INTERF,ST RECEIVABLE Total Funds 2024 Total Funds 2023 Bcink iiiterest receivclble 26? 38
Page 7 HERSDEN UNDER FIVES PROJECT NOTES TO THE FINANCIAL STATEMENTS YEAR ENDED 31 MARCH 2024 FUNDRAISING AND PUBLICITY Total Funds 2024 Total Funds 2023 Costs incurred 16 159 COSTS IN FURTHERANCE OF CHARITABLE OBJECTS Total Funds 2024 Total Funds 2023 Provision of charitable services: The educatingy and trainingy ot- youngy children Support costs: Support costs 92,800 9.5,050 -5,236 -5,556 98,036 100,606 MANAGEMENT AND ADMINISTRATION Total Funds 2024 Total Funds 2023 Independent Examiner's f.ee Bc2nk chargyes 822 6.54 822 6_54 TOTAL RESOURCES EXPENDED Staff Costs Other Costs Total Funds 2024 Total Funds 2023 Direct charitable expenditiire FLindraisingJ and publicity Managyement and administration Depreciation and other costs 92,800 -5,23C) 16 8?2 7,699 98,036 16 822 7,699 100,606 1.59 654 6,69_ 95,050 13,064 106,573 108,114 The aggregate payroll costs were: 2024 2023 Wagles and salaries Soci(21 Security costs Pension costs "rrain ingj clnd other costs 86,392 879 4,584 945 89,301 807 4,412 -530 9?,800 95,0.50
Page 8 HERSDEN UNDER FIVES PROJECT NOTES TO THE FINANCIAL STATEMENTS YEAR FNDED 31 MARCH 2024 TOTAL RESOURCES EXPFNDED (continwed) Particulars of employees: The averagie nuniber of f-ull time equivalent staflf employed by the charity duringy the tinancial year amounted to 5 (2023: 5). There were no higyh paid staff~ duringy the year. 10 TANGIBLE FIXF.D ASSF.TS Equipment COST At l April ?023 Additions 5,704 At 31 March 2024 5,704 DEPRECIATION At l April 2023 Chargye for the year -S.223 87 At 31 Marcli 20?4 5,136 NF,T BOOK VALUE At 31 March 2024 394 At 31 March 2023 481 STOCK 2024 2023 Stock 49 12 DEBTORS 2024 2023 Prepayineiits 1,4_50 250 13 CREDITORS: Amouiits falling due within one year 2024 2023 AcLru<ils 2,296 1,681
Page 9 HERSDEN UNDER FIVES PROJECT NOTES TO THE FINANCIAL STATEMENTS YEAR ENDED 31 MARCH 2024 14 ANALYSIS OF NET ASSETS IN UNRESTRICTED FUNDS Tangible Fixed Assets Other Net Assets Total Unrestricted t.unds 394 20,1.52 20,-546