HERSDEN UNDER FIVES PROJECT
FINANCIAL STATEMENTS 31 MARCH 2025
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 2025
| CONTENTS | PAGE |
|---|---|
| Trustees annual report | |
| Statement ofresponsibilities ofthe trustees | 2 |
| Independent examiner’s report | 3 |
| Statement offinancial activities | 4 |
| Balance Sheet | 5 |
| Notestothefinancialstatements | 6 |
Page I
HERSDEN UNDER FIVES PROJECT
TRUSTEES ANNUAL REPORT
YEAR ENDED 31 MARCH 2025
The trustees have pleasure in presenting their report and the unaudited financial! statements of the charity for the year ended 31 March 2025.
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 of children under the age of five by encouraging parents to understand and provide for the needs of their children through community groups.
ORGANISATION
Hersden under fives project is a single entity and is not connected with any other charity or company.
ACTIVITIES
The principal activity of the charity during the year was the educating and training of young children.
REVIEW OF DEVELOPMENTS, ACTIVITIES AND ACHIEVEMENTS
On comparison to last year, overall income has remained at a similar level. Expenditure has increased by 9%. The net outgoing resources for the year ended 3! March 2025 show at £7,887, compared with net incoming resources of £1,653 for the previous year.
THE TRUSTEES
The trustees who served the charity during the period were as follows:
Amanda Stanger Leah Williams-Benoit Andrew Kite Rachel Collins Elizabeth O’ Donoghue Sharonjit Bhangu Kristine Likaj
The trustees have had due regard to guidance published by the Charity Commission on public benefit.
Recruitment and appointment of new trustees
The Charity recruits Trustees in accordance with its policy on Trustee recruitment with adherence to its policies on Equal Opportunity. Trustees are expected to commit to continued on-going development and ensure they are conversant with the latest legislation, best practice and responsibilities of running a charity.
RISK MANAGEMENT
The trustees confirm that the major risks, to which the charity is exposed, as identified by the trustees, have been reviewed and that systems have been established to manage those risks.
RESERVES POLICY
We had unrestricted funds at 31 March 2025 of £12,660, which would cover 1 months expenditure. The standard for charities would be 3 to 6 months of expenditure as reserves.
Signed by order of the trustees a BARS Mrs A Stanger Mr A M Kite Approved by the trustees on 8" January 2026
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Page 2
HERSDEN UNDER FIVES PROJECT
STATEMENT OF RESPONSIBILITIES OF THE TRUSTEES
YEAR ENDED 31 MARCH 2025
The Charities Act requires the Trustees to prepare financial statements for each financial year that give a true and fair view of the state of affairs of the charity at the end of the year and of the incoming and outgoing resources for the year then ended.
In preparing those financial statements, the Trustees are required to:
Select suitable accounting policies and then apply them consistently;
Make judgements and estimates that are reasonable and prudent;
State whether applicable accounting standards have been followed, subject to any material departures disclosed and explained in the financial statements; and
Prepare the financial statements on the going concern basis unless it is inappropriate to presume that the charity will continue its activities.
The Trustees are responsible for keeping proper accounting records which disclose with reasonable accuracy at any time the financial position of the charity and to enable them to ensure that the financial statements comply with the Charities Act 2011. The Trustees are also responsible for safeguarding the assets of the charity and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities.
Page 3
HERSDEN UNDER FIVES PROJECT
INDEPENDENT EXAMINER’S REPORT TO THE TRUSTEES OF HERSDEN UNDER FIVES PROJECT
YEAR ENDED 31 MARCH 2025
I report on the unaudited accounts of the charity for the year ended 31 March 2025 set out on pages 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 2011 does not apply and that an independent examination is needed.
It is my responsibility to:
-
examine the accounts (under Section 145 of the Charities Act 2011);
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« follow the procedures laid down in the General Directions given by the Charity Commissioners (under Section 145(5)(b) of the Charities Act 2011); and
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state whether particular matters have come to my attention.
BASIS OF INDEPENDENT EXAMINER’S REPORT
My examination was carried out in accordance with the general directions given by the Charities Commissioners. An independent examination includes a review of the accounting 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 seeking explanations from you as Trustees concerning any such matters. The procedures undertaken do not provide all the evidence that would be required in an audit, and consequently J do not express an audit opinion on the view given by the accounts.
In connection with my examination, no matter has come to my attention:
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(1) which gives me reasonable cause to believe that in any material respect the requirements:
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(a) to keep accounting records in accordance with Section 130 of the 2011 Act; and
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(b) to prepare accounts which accord with the accounting records and to comply with the accounting requirements of the 2011 Act
have not been met; or
(2) to which, in my opinion, attention should be drawn in order to enable a proper understanding of the accounts to be reached.
Name: ‘DAVID HORN ACA FCCA
8" January 2026
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 2025
| Total Funds | Total Funds | ||
|---|---|---|---|
| 2025 | 2024 | ||
| Note | £ | £ | |
| INCOMING RESOURCES | |||
| Donations | 2 | 3,463 | 2,046 |
| Income from charitable trading activities: | |||
| Grants receivable | 3 | 87,505 | 83,691 |
| Charitable trading income | 4 | 17,092 | 22,227 |
| Interest receivable | 5 | 284 | 262 |
| Other income | 75 | - | |
| TOTAL INCOMING RESOURCES | 108,419 | 108,226 | |
| RESOURCES EXPENDED | |||
| Costs ofgenerating funds: | |||
| Fundraising and publicity | 6 | 106 | 16 |
| Costs in furtherance ofcharitable objects | 7 | ||
| StaffCosts | 102,441 | 92,800 | |
| Depreciation and other costs | i] | 8,641 | 7,699 |
| Support costs | 7 | 4,404 | 5,236 |
| Management and administration | 8 | 714 | 822 |
| TOTAL RESOURCES EXPENDED | 9 | 116,306 | 106,573 |
| NET (OQUTGOING)/INCOMING RESOURCES | |||
| FOR THEYEAR | (7,887) | 1,653 | |
| Balances brought forward | 20,547 | 18,894 | |
| Balancescarriedforward | 12,660 | 20,547 |
All movements are in Unrestricted Funds
The notes on pages 6 to 9 form part of these financial statements
Page 5
HERSDEN UNDER FIVES PROJECT
BALANCE SHEET
| 31 MARCH 2025 | |||||
|---|---|---|---|---|---|
| 2025 | 2024 | ||||
| Note | £ | £ | |||
| FIXED ASSETS | |||||
| Tangible assets | 10) | Tis | 394 | ||
| CURRENT ASSETS | |||||
| Stock | 11 | - | - | ||
| Debtors | 12 | 1,303 | 1,450 | ||
| Cash at bank and in hand | 12,534 | 20,998 | |||
| 13,837 | 22,448 | ||||
| CREDITORS: Amounts falling due within | |||||
| one year | 13 | 1,892 | 2,296 | ||
| NETCURRENT ASSETS | 11,945 | 20,152 | |||
| TOTALASSETS LESS CURRENT LIABILITIES | 12,660 | 20,546 | |||
| NET ASSETS | 12,660 | 20,546 | |||
| FUNDS | |||||
| Unrestricted: | |||||
| Charitable funds | 14 | 12,660 | 20,546 | ||
| TOTALFUNDS | 12,660 | 20,546 |
These financial statements were approved by the members of the committee on 8" January 2026 and are signed on their behalf by:
MRS A STANGER
MRAM KITE
The notes on pages 6 to 9 form part of[these][financial][statements]
Page 6
HERSDEN UNDER FIVES PROJECT
NOTES TO THE FINANCIAL STATEMENTS
YEAR ENDED 31 MARCH 2025
| ACCOUNTING POLICIES
Basis of accounting
The financial statements have been prepared under the historical cost convention and in accordance with the Statement of Recommended Practice “Accounting and Reporting by Charities” SORP 2019 (FRS 102) and the Charities Act 2011.
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.
Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life: Equipment - 18% on reducing balance
Stock
Stock is valued at the lower of cost and net realisable value.
| 2 | DONATIONS | ||
|---|---|---|---|
| Total Funds | Total Funds | ||
| 2025 | 2024 | ||
| £ | £ | ||
| Donations | 599 | 303 | |
| Fundraising Donations | 2,864 | 1,743 | |
| 3,463 | 2,046 | ||
| 3 | GRANTS RECEIVABLE | ||
| Total Funds | Total Funds | ||
| 2025 | 2024 | ||
| £ | £ | ||
| KCC Grants | 87,505 | 83,691 | |
| 83,691 | 83,691 | ||
| 4 | CHARITABLE TRADING INCOME | ||
| 2025 | 2024 | ||
| £ | £ | ||
| Charitable trading activities — income | 17,092 | 22,227 | |
| 5 | INTEREST RECEIVABLE | ||
| Total Funds | Total Funds | ||
| 2025 | 2024 | ||
| £ | £ | ||
| Bankinterestreceivable | 284 | 262 |
Page 7
HERSDEN UNDER FIVES PROJECT
NOTES TO THE FINANCIAL STATEMENTS
YEAR ENDED 31 MARCH 2025
| 6 | FUNDRAISING AND PUBLICITY | FUNDRAISING AND PUBLICITY | FUNDRAISING AND PUBLICITY | |||
|---|---|---|---|---|---|---|
| Total Funds | Total Funds | |||||
| 2025 | 2024 | |||||
| £ | £ | |||||
| Costs incurred | 106 | 16 | ||||
| 7 | COSTS IN FURTHERANCE | OF | CHARITABLE OBJECTS | |||
| Total Funds | Total Funds | |||||
| 2025 | 2024 | |||||
| £ | £ | |||||
| Provision ofcharitable services: | ||||||
| The educating and training ofyoung children | 102,441 | 92,800 | ||||
| Support costs: | ||||||
| Support costs | 4,404 | 5,236 | ||||
| 106,845 | 98,036 | |||||
| 8 | MANAGEMENT AND ADMINISTRATION | |||||
| Total Funds | Total Funds | |||||
| 2025 | 2024 | |||||
| £ | £ | |||||
| Independent Examiner’s fee | 714 | 822 | ||||
| Bank charges | - | - | ||||
| 714 | 822 | |||||
| 9 | TOTAL RESOURCES EXPENDED | |||||
| StaffCosts | Other Costs | Total Funds | Total Funds | |||
| £ | £ | 2025 | 2024 | |||
| Direct charitable expenditure | 102,441 | 4,404 | 106,845 | 98,036 | ||
| Fundraising and publicity | - | 106 | 106 | 16 | ||
| Management and administration | -- | 714 | 714 | 822 | ||
| Depreciation and other costs | = | 8,641 | 8,641 | 7,699 | ||
| 102,441 | 13,865 | 116,306 | 106,573 | |||
| The aggregate payroll costs were: | ||||||
| 2025 | 2024 | |||||
| £ | £ | |||||
| Wages and salaries | 96,044 | 86,392 | ||||
| Social Security costs | 1,576 | 879 | ||||
| Pension costs | 4,761 | 4,584 | ||||
| Training and other costs | 60 | 945 | ||||
| 102,441 | 92,800 |
Page 8
HERSDEN UNDER FIVES PROJECT
NOTES TO THE FINANCIAL STATEMENTS
YEAR ENDED 31 MARCH 2025
9 TOTAL RESOURCES EXPENDED (continued)
Particulars of employees:
The average number of full time equivalent staff employed by the charity during the financial year amounted to 5 (2024: 5).
There were no high paid staff during the year.
- 10 TANGIBLE FIXED ASSETS
| 10 | TANGIBLE FIXED ASSETS | ||
|---|---|---|---|
| Equipment | |||
| £ | |||
| COST | |||
| At | April 2024 | 5,704 | |
| Additions | 479 | ||
| At 31 March 2025 | 6,183 | ||
| DEPRECIATION | |||
| At | April 2024 | 5,310 | |
| Charge for the year | 158 | ||
| At 31 March 2025 | 5,468 | ||
| NET BOOK VALUE | |||
| At 31 March 2025 | 715 | ||
| At 31 March 2024 | 3944 | ||
| il | STOCK | ||
| 2025 | 2024 | ||
| £ | £ | ||
| Stock | - | - | |
| 2 | DEBTORS | ||
| 2025 | 2024 | ||
| £ | £ | ||
| Prepayments | 1,303 | 1.450 | |
| 13 | CREDITORS: Amounts falling due within one year | ||
| 2025 | 2024 | ||
| £ | £ | ||
| Accruals | 1,892 | 2,296 |
Page 9
HERSDEN UNDER FIVES PROJECT
NOTES TO THE FINANCIAL STATEMENTS
YEAR ENDED 31 MARCH 2025
14 ANALYSIS OF NET ASSETS IN UNRESTRICTED FUNDS
| Tangible | Fixed | Other Net | |||
|---|---|---|---|---|---|
| Assets | Assets | Total | |||
| £ | £ | £ | |||
| Unrestricted | funds | 75 | 11,945 | 12,660 |