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