ANNUAL REP,
& FINANCIA
STATEMENTS
Rt
2020-
2021
THE PRINCESS
PROJECT
Registered Charity Number 115502

The Princess Projert Annual Report and Financial Ststements for the year ended 31" March 2021
CONTENTS
Pagelsl
Report of the Trustees
2-17
Independent Examiner5 Report
18
Statement of Financial Activities
19
Balance Sheet
20
Statement of Cash Flows
21
Notesto the accounts
22-33
Page I

The Princess Projert Annual Report and Financial Statements for the year ended 31" March 2021
TRUSTEES ANNUAL REPORT
The trustees present their trustees annual report together WTth the financial statements of the
charkty for the year ended 31 March 2021. The financial statements have been prepared in
accordance with the accounting policies set out in note I to the accounts and comply with the
charitvs governing document, the Charities Att 2011 an(1 the Statement of Recommended Practice-
Accounting and Reporting by Charities preparing their accounts in accordance with the Financial
Reportin8 Standard applicable in the UK and Republic of Ireland IFRS 1021 (second edition- October
20191.
OBJECTIVES AND ACTIVITIES FOR THE PUBLIC BENEFIT
The objects of the Princess Project as set out in its governing document are-
the promotion of social inclusion for the public benefrt amongst mother5 between the ages
of 16 to 30 who are socially excluded, by means of employment, financial hardship, age.
substance abuse or dependency. relationshiplfamily breakdown, poor educational or skills
attainment, poor physical or mental health. This is achieved by providing a befriending
scheme and dropin support, to relieve the needs of those mothers and their children and to
assist them to integrate into society-
to advance education in accordance with Christian principle5 by njnning parenting courses,
and to teach or provide training for parents in other life skills such as nutrition, budgeting
and firstaid.
to relieve financial hardship among new parents and their dependents by providing good
quality second- hand baby and toddler clothin& equipment and toys free of charge.
to relieve financial hardship among local familie5 by equipping parents with the skills and
opportunity to be able to make and sell a range of goods.
to advance the Christian fatth in accordance with our statement of faith.
The trustees confirm that they have referred to the Charity Commission's guidance on public
benefit when reviewing the charivs aims and objectNes and in planning future activitie5. The
objects are achieved through a variety of actNities-
Mum2Mum Befriending Service
Princess Project New Mum gifts
Parenting Groups and Courses
Shine Course
Totcycle
Drop-in support at our Mums. Hubs
Supporting mums in the community
Providing supported volunteering opportunities
Running free family-friendly events
Page 2

The Princess Project Annual Report and Financial Statements for the year ended 31 March 2021
A MESSAGE FROM OUR FOUNDER
This year, for the Princess Project as for everyone, has been unlike any other. We have had to be
flexible and agile in adapting our servi￿$ and responding to need, whilst complying with covid-19
guidelines to keep our team and our clients safe. The board of trustees knew that our families would
need our support more than ever, so rather than furlough our team. we instead ￿Invented our
model of service delFvery. moving online for our Hubs and befriending support Ireopening in a
limited capacity as soon a5 we were able) and delivering food and Totcycle items to families rather
than getting them to come to Us. This approach has meant that when our mum5 needed us most. we
were there for them. It has led to deepened relationships with the mum5 we 5UPPOrt, our funders,
and ourcommunity partners.
We have been able to 3cces5 covid funding to make up for the lack of fundraising income from in-
person events, and our amazingly generous supporters stepped in to buy Totcycle items for families
in need when we were unable to a￿pt second-hand donations. This has allowed us to weather the
storm that wa5 2020, and emerge stronger.
As a result of these changes, our actNities as well a5 our expenditure and income patterns look very
different this year. I hope this report will help explain these changes.
I would like to say an enonnous thank you to the board of trustees, and to the amazing team of
staff, volunteers and supporters that make up the Princess Project. This year even more than usual
represented a huge team effort, and was a great illustration of how we can do so much more
together than we ever could individually.
We tontinue to trust that God is in control. and that better days lie ahead.
Emma Tanner
Founder/CEO
Page 3

The Princess Project Annual Report and Financial Statements for the year ended 31" March 2021
A REVIEW OF OUR ACHIEVEMENTS AND PERFORMANCE: HOW OUR ACTIVITIES
DELIVERED PUBLIC BENEFIT
. a bysywrfor tht
ere's a Vknlstle
'¥* boeh Ilp
2020.
21
511PifAwoI
APRIL
rst IrKkdurtn." Hub5 tk)5e. team
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Mum2Mum
JULY
.socifi.I
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OPEN
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Fa¢ebty
fvndraise
Pase 4

The Princess Project Annual Report and Financial Ststements for the year ended 31 March 2021
Princess Project 2020-21: looking
back on a year of lockdown
THE
PrLncess
PROJECT
140
Mums received one-to-one
support
84
Virtual sessions for families (on
Facebook Live and Zoom)- videos
have been viewed over 15.000
times in total!
833
Visits to Totcycle/ delivery of
Totcycle items
364
Families supported in total
Page 5

The Princess Project Annual Report and Financial Statements for the year ended 31" March 2021
GROWTH AND EXPANSION
Despite the challenging season, this year has still been one of growth, in temis of both income, local
reach, and also expansion into other parts of the UK.
We have opened two new Hubs. one at St Augustine's Church in Gillingharn (replacing the previous
site at the Community Hub which did not reopen at all this year due to covid restrictionsl and one at
the River Centre in Tonbridge. This has allowed us to reach a whole new cohort of vulnerable mums
and their families.
We have also been talking to churches across the country who may be interested in replicating our
Mum2Mum befriending service, and trained an additional 10 befrienders from Maidstone, Medwav
and Cambridge. Thanks to grants from Kent County Council (Early Help Grant) and Maidstone Lions.
we were able to produce a hi8h-quality video training resource, as well as course manuals and
leaders, guides, enabling replicating projects across the country to run their own Mum2Mum
Befriender Training Course. We hope that this will allow many further replications in the future.
VOLUNTEERS
None of this would be possible without the help of our amazing team of volunteers.
Princess Project Volunteers 2020-21
18
Hub Team
312
volunteer hours donated
13
Befrienders
390
volunteer hours donated
Princess Projert
mums who have
volunteered
wlth us
80
volunteer hours donated
Trustees
96
volunteer hours donated
"'é-*t: Other
volunteers
(deliveries.
laundry. mum
gifts etc)
24
volunteer hours donated
Page 6

The Princes5 Project Annual Report and Financial Statements for the year ended 315r March 2021
WHAT OUR CLIENTS SAY ABOUT US
"ttwasat
so
"The kids lookedforward to the 3 weekly
focebook lives with the stories ond trying
to complete the tasks. One of the lovely
ladies messages us a lot and it hos helped
me tofeel like I have someone I can tiJlk tcl.
The clothesfor my youngest were so
helpful when I couldn't get onyfrom
onywhere."
"It mode o huge dfftrence
the team checking in doily
to see how me und my
doughter was doino or rf
we needed anything."
he support has made me
feel less isolated and that I
have someone to talk to if I
ave met a wonderful befrien
nd the project co-ordinator has
been amazip& always Checking in
and making sure we have enough
er
••
need to. Princess Project
are like my second famity."
of everythin8.°
the :.thet less i501a*da￿l h¢W5S Oa
kmity. PFingessPFOie£t is frantstiE ,
Mulnerabk ￿1￿¢ feet
4aTrTr. puttit¥ •%•i*e OTr QUF tsEe. ho¥p.
Page 7

The Princess Project Annual Report and Financial Statements for the year ended 31st March 2021
WHAT OUR PARTNERS SAY ABOUT US
ou're all so brilliant
thankyou so much-
"you ore such u wonderful
service. Thank you so much I"
Perinatolsupport
worker. FamilyArtion
Nicola Miller. Heolth Visitor
-Kfep up the great wo
are doing."
Social worker. Medway
Page 8

The Princess Project Annual Report and Financial Statements for the year ended 31 March 2021
A YEAR IN PICTURES
Keep SrniLei
Page 9

The Princess Project Annual Report and Financial Statements for the year ended 31 March 2021
FINANCIAL REVIEW
Total Income
£125.(O)
£1[￿1.1￿￿)
75.1ts)
5.1)YJ
£0
As can be seen from the chart above. income increased significantly over this financial year. °Other
trading activities" represents fundraising income. This represents an unusually small proportion of
our income this year, due to our inability to hold in-person fundraising events.
Donation income can be split up as follows-
Page 10

The Princess Project Annual Report and Financial Statements for the year ended 31 March 2021
Donation and Grants Income 2020-21
56% of donations income this financial year came from grants from a number of different funder5
Idetails of all of these tan be found in note 14 of these accounts.)
Donations of goods and services represent an upgrade/redesign of our website: laptops for our staff
team- storage, office and meeting space- items for new mum gifts- tombola and raffle prizes:
printing of course notes and promotional materials- and payroll and accountancylindependent
examination services. We are tremendously Brateful for this support and without it we couldn't have
provided the level of services we have achieved. The value of all donated goods and services are
matched by corresponding costs shown either within direct charitsble acrivtty costs or support Costs
within the year.
Page 11

The Princess Project Annual Report and Financial Statements for the year ended 31 March 2021
Total Expendlture 2020-21
£7￿,[
£75.C
ESQ[￿￿)
£25.(Ql
Il__
Reflecting our organisational growth, the costs of charitable artivities have once again risen
significantly from 2019/20 to 2020121. This years. increase 15 almost entirely due to the increase in
expendtiure on covid-19-related direct support to our mums and their families.
As can be seen from the grdphs below, our pattern of expenditure looks very different compared to
last year. Some 'usual' areas of expenditure (namely Parentalk and Shine) have zero expenditure this
vear, as we haven't been able to run any of our courses. We also stopped the drop-in at Fusion Café
when we opened our Park Wood Hub. hence zero expenditure on droEFin support this year. We also
saw a drop our Hub expendtture. which reflects the fart that our Hubs were unable to open for a
large proportion of the year. Some costs (such as rent and storage) continued unchanged
throughout the pandemic, however, hence the Hubs remainin8 a major expenditure.
We have spent Significant￿ more on 50rne of our other projects and services in comparison to
previous years, namely Totcycle, outreach and one-to-one support. Thi5 represents the support we
have been providing throughout the pandemic, including purchasing items for families Inappies,
baby formula, and other Totcycle items). as well as staff time providing support to hundreds of
individual mums via phone/messagin& and delNering food and baby essentials to families in need.
Page 12

The Princess Project Annual Report and Financial Statements for the year ended 31 March 2021
Expenditure on Charitable
Activitie5 2021V21
Expenditure on Charitable
Activities 2019-20
£1QlP
Page 13

The Princess Project Annual Report and Financial Statements for the year ended 31" March 2021
RISK MANAGEMENT
The board of Trustees continues to assess, identify and addre55 areas of risk and to put controls in
place to minimise these. Key controls include-
Formal agendas and minutes for all board meetings-
Regular financial reviews including preparation of management accounts. budgeting and
reviews of reseNe levels-
Formal procedures for safeguarding children and vulnerable adults,.
Regular review of compliance with dats protertion legislation-
Risk assessments of all publicly attended activities;
Development of written policies and procedures surrounding volunteer grievance. equal
opportunities and diversity, media arbd social networking, confidentiality, lone working and
personal safety. and talking about faith guidelines:
Development of strategic plans,. and
Regular training for staff and volunteers.
RESERVES POLICY
The trustees understand the importance of maintaining a level of reserves to enable them to
continue to offer seNices during periods of financial uncertainty- During the year the trustees assess
the current level of expenditure and the need to hold rese￿eS to meet the notice c05t5 a55ociated
with the employment of the staff team in the event of a Sudden change in circumstances. The
trustees consider that a reserve level of £11.069 was sufficient to meet these costs and to fund the
urrent level of volunteer led actNity for 2 months.
The total free reserves of the Princess Project after adjusting for fixed assets and restricted funds
amount to £19,630.
PLANS FOR THE FUTURE
Our plans for 2021122 include..
To build relationships with churches across the country who are interested in replicating
Mum2Mum, and to establish more remote Mum2Mum projects
To build relationships with churches and other orgonisations in Tonbridge and Malling and
the Isles of Grain and Sheppey with a view to growing our presence in those areas
Continue to build relationships with Maidstone and Medway churches and professionals
Grow our team Iboth staff and volunteers) to reflect the increasing demand for our seNices
Invite two new service users onto our board of trustees, to ensure that the voices of our
mums are heard at every level of the organisation
Continuing to raise the profile of the charity. especially around our 10 anniversary in June
2021
Page 14

The Princess Project Annual Report and Financial Statements for the year ended 31" March 2021
STRUCTURE, GOVERNANCE AND MANAGEMENT
The charFty 15 a registered Charitable Incorpordted Organisation (charity number 11550211 and is
governed by the temis of its constitution.
Trustees are appointed by the current trustees. Truslees retire by rotation every 3 yeèrs and can
stand for re-election at that time. The constitution stipulates that there should be a minimum of 3
trustees and a maximum of 12. The day-to-day operation of the charity is delegated to the CEO who
is also a member of the trustee board (with Charity Commis5ioTr approval). When skills gaps are
identified by the board, potential new trustees are sought from the local church community and
serve user groups to meet these needs.
The trustee board meets at least 4 times per year. and more often where needed.
KEY MAIIAGEMEMT PERSONNEL REMUNERATION
The trustees consider the board of trustees and the chief executive as comprising the key
management personnel of the charity in charge of directing and controlling the charity and running
and operating the charity on a day-to-day basis. With the exception of the CEO, who is paid, with
Charity Commission approval, all trustees give of their time freely and no trustee remvneration was
paid in the year.
Details of trustee expenses and related party transactions are disclosed in note 10 to the accounts.
Trustees are required to disclose all relevant interests and register them with the CEO and in
accordance with the chariws policy withdraw from decisions where a conflict of interest arises.
The pay ofthe charitys CEO and other staff is reviewed annually. We paythe community support
workers the hourty rate recommended by the Living Wage Foundation.
Page 15

The Princess Project Annual Report and Financial Statements forthe year ended 31 March 2021
REFERENCE ANO ADMINISTRAT1VE INFORMATION
TRUSTEES
Jane Negus
Chair of Trustees
Neil Sampson
Secretary
Julie Samson
Treasurer luntil 15 June 20201
Steve Ring
Treasurer15ince 15 June 20201
Emma Tanner
CEO Itrustee until 18 October 20211
Rev. Phil Goodey
Maureen Hadlum
(until 16 February 2021)
Georgina Tomlin
(until 25 January 20211
Angela Trigg
(since 9 October 20191
Helen Williamson
Principal Office The Princess Project. chri￿ Church, Park Wood. Maidstone, Kent ME15 9JW
Independent Examiner Edward Rands FCA, 16 Mill C105e, Shepshed. Loughborou8h,
Leicestershire LE12 9UA
Prlnclpal Banker CAF Bank, 25 Kings Hill Avenue. Kings Hill. West Mallin& Kent ME19 4JQ
Page 16

The Princess Project Annual Report and Financial Statements for the year ended 31" March 2021
TRUSTEES. RESPONSIBILITIES IN RELATION TO THE FINANCIAL STATEMENTS
The charity trustees are responsible for preparing a trustees, annual report and financial statements
in accordancè wtth applicable law and United Kingdom Accounting Standards (United Kingdom
Generally Accepted Accounting Practicel. The law applicable to charities in England and Wales
requires the charity trustees to prepare financial statements for each year which give a true and fair
view of the state of affairs of the charity and of the incoming resources and application of resources,
of the charity for that period.
In preparing the financial statements, the trustees are reqUI￿d to:
select suitable accounting policies and then apply them con5i5tently.'
obse¢ve the methods and principles in the applicable Charities SORP-
make judgements and estimates that are reasonable and prudent-
state whether applicable accounting standards have been followed. subjert to any material
departures that must be disclosed and explained in the financial statements- and
prepare the financial statements on the going concem basis unless it is inappropriate to
presume that the charity will continue in operation.
The trustees are responsible for keeping proper accounting records that disclose with reasonable
accuracy at any time the financial position of the tharity and to enable them to ensure that the
financial statements comply with the Charities Act 2011, the applicable Charities IAccounts and
Reportsl Regulations, and the provisions of the Trust deed. They are also responsible for
safeguarding the assets of the charity and taking reasonable steps for the prevention and detection
of fraud and other irregulartties. The trustees are responsible for the maintenance and integrity of
the charity and financial information included on the charitys website in accordance with legislation
in the United Kingdom governing the preparation and dissemination of financial statements.
Approved by the trustees on 13th January 2022 and si6ned on tIEir behalf by=
Jane Negus
Chair
Page 17

The Princess Project Annual Report and Financial Statements for the year ended 31 March 2021
Independent examinerfs report to the trustees of The Princess Project
I report to the chartty trustees on my examination of the accounts of the tharity for the year ended
31 March 2021 which are set out on pages 19-33.
Responsibilities and basis of report
As the chariws trustees you are responsible for the preparation of the accounts in accordance with
the requirements of the Charities Act 2011 {'the AcVI-
I report in respect of my examination of the chartvs accounts carried out under section 145 of the
Act ar)d in carrying out my examination I have followed all the applicable Directions given by the
Charity Commission under section 14515llb) of the Act.
Independent examinerfs statement
I have completed my examination. I confirm that no material matters have come to my attention in
connection with the examination giving me cause to believe that in any material respect:
accounting records were not kept in respect of the charity as required by section 130 of the
Art; or
2. the accounts do not accord with those records- or
3. the accounts do not comply with the applicable reqU1￿MentS concernin8 the fomi and
content of accounts set out in the Charities (Accounts and Reports) Regulations 21XJ8 other
than any requirement that the accounts 8tve a "true and fair viev¥' which is not a matter
considered as part of an independent examination.
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.
Edward Rands FCA
16 Mill Close
Shepshed
Loughborough
Leicestershire
LE12 9UA
Date:
Pa8e 18

The Princess Project Annual Report and Financial Statements for the year ended 31" March 2021
Statement of Financial Activitles
For the year ended 315t March 2021
Unrestrirted Restricted
2021
2021
Total Unrestricted Restricted
2021
2020
2020
Total
2020
Notes
Income from:
Donations
45.414
925
60,312
105,726
925
29,943
11.806
41,749
36,949
66,892
11,806
78.698
Other trading artivities
Total
46.339
60.312
106.651
36.949
Expenditure on:
Raising funds
Charitable activities
Total
3,507
32.268
35,775
3.507
85.123
88,630
8,303
27,997
36.300
8.303
51.685
59,988
52.855
52.855
23.688
23.688
Net
Income/{Expenditure)
10,564
7.457
18,021
5,449
13,261
18,710
Reconciliation of funds
Total funds brought
forward
13/14
11.040
24.426
35.466
5.591
11.165
16.756
Total funds carried
forward
21,604
31.883
53.487
11.040
24,426
35.466
Page 19

The Princess Project Annual Report and Financial Statements for the year ended 31" March 2021
Balance Sheet
As at 315t March 2021
2021
2020
Notes
Fixed A55ets
Tangible Fixed A55ets
1.974
361
Current Asset5
Debtors
Cash
Total Current Asset5
949
50,845
927
34,453
51.794
35.380
Creditors: amounts falling due In one year
281
275
Net Current Assets
51.513
35.105
Net Assets
53.487
35,466
Total funds of the charity:
Unrestricted Funds
Restricted Funds
Total Funds
15
21.604
31,883
53,487
11.040
24,426
35,466
ll K)y-
Jane Negus
Chair
Approved by the Trustees on the
Steve Ring
Treasurer
Page 20

The Princess Projert Annual Report and Financial Statements for the year ended 31" March 2021
Statement of Cash Flows
Forthe year ended 31st March 2021
2021
2020
Notes
Net cash inflow from operating
activitie5
16
17.946
16.572
Investing activities
Purchase of tangible fixed a55et5
11.5541
14151
Increase in cash for the year
16,392
16,157
Cash at the start of the year
34,453
18,296
Cash at the end of the year
50,845
34.453
Page 21

The Prince55 Project Annual Report and Financial Statements for the year ended 3151 March 2021
Note5 to the Accounts
st
For the year ended 31 March 2021
l. Accounting Policies
Basis of preparatlon and going concern
The financial statements have been prepared under the historical cost convention and in accordance
with the statement of Recommended Prattice- Accounting and Reporting by Chariiies preparing their
accounts in accordance with the Financial Reporting Standard applicable in the UK and Rèpublic of
Ireland IFRS 1021 (second edition- October 20191, the Financial ReportinE Standard applicable in the
United Kingdom and Republic of Ireland IFRS 1021 (updated March 20181, and the Charities Act 2011.
The charity constitutes a public benefit Èntity as defined by FRS 102.
The Trustees tonsider that there are no material uncertainties about the Princess Projert's ability to
continue as a going concem. Income arise5 from a combination of donations, grants and fundraising
activities. The highest area of cost is associated with the employment of the Chief Executive Officer
ICEOI and community support workers ICSWSI. The level of reserves necessary to meet these costs
and the continuing costs of volunteer-led activities is kept under constant review by the Trustees. In
addition, the reserves policy includes amounts to protert the ongoing work of the charity should
ncome levels redijce.
Income
Income, including income tsx recovered on amounts received by way of Gift Aid. is recognised in the
Statement of Financial Activities once the charity has entitlement to the resources, it is certain that
Ihe resources will be received and the monetary value of the incoming resource5 can be measured
with Sufficient reliabiliry.
Donated goods and servi￿5
Included within donations is the estimated value of gifts in kind and goods or setvices donated to the
charity where the amounts are material. readily quantifiable and measurable. Such estimates are
based on the market price the charity would otherwise have paid.
Resources expended
Liabilities are recognised as resources expended as soon as there is a legal or constructive obligation
committing the charity to the expenditu￿. All expenditure is accounted for on an accruals ba515 and
has been classified under headings which aggregate all costs related to the category.
An amount equal to the donation income recognisÈd on gifts in kind (not for resale) and goods or
services rece¢ved free of charge is included wtthin the most relevant category of expenditure to which
the donation ￿lates.
Total resources expended include the allocation of support costs to the various expenditure categories
set out in the Statement of Financial Aciivities. Support Costs have been allocated to activitie5 on a
basis consistent with the use of resources as shown in note 12.
Other costs relate to raising funds as set out in note 4 and costs relating to charitable activities as set
out in note 5.
Grants
Grants are received from various funders and a￿ recognised on receipt-
Page 22

The Princess Project Annual Report and Financial Statements for the year ended 31" March 2021
Notes to the Accounts (continued)
For the year ended 31" March 2021
l. Accounting Polides Icontinuedl
Value added Tax
Value added tax is not recoverable by the chartty, and a5 such is included in the relevant costs in the
Statement of Financial Activities.
TanEible fixed assets
Assets are reviewed on an individual basis and capitalised when an ongoing benefit will be provided
to the charity. Depreciation is provided at the following rates in order to write off the assets over their
estimated useful lives.
Equipment
33% strdight line
A fijll year's charge is made for the year in which an asset is purchased. No depreciation is charged in
the year of disposal.
Impairment losses are recognised when there is an indication of impaimient and the asset's
recoverable amount is less than its cèrrying amount.
Accrued Income
Accrued income represents the amounts claimed for Gtft Aid due on donations received before 31
March 2020 which had not yet been recovered from HMRC.
The charity had no trade debtors in the year.
Cash at bank and In hand
Cash includes cash held in the charivs bank accounts and a small amount of petty cash.
Accruals and Deferred Income
Accruals comprise unpaid staff expenses relating to the period which were paid shortly after the year
end.
There was no deferred income at 31 March 2021 or 31 March 2020.
The charity had no trade creditors at 31 March 2021 or 31 March 2020.
Pen5rons
The charlty made pension contributions for the CEO of £1.512 during the year.
Restrirted and Unrestricted Funds
Restrirted funds are to be used for specified purposes as laid down by the donor. Expenditure which
meets these criteria is identified to that fund. Unrestricted funds are donations and other income
received or 8enerated for the objectNes of the Charity without further specified purpose and are
available as general funds.
Page 23

The Princess Project Annual Report and Financial Statements for Ihe year ended 31" March 2021
Notes to the Accounts (continuedl
For the year ended 31st March 2021
2. Donations
Unrestrfrted Restritted
Total
2021
Totsl
2020
Donations from Individuals
Donations from Organisations
Grants
13,984
5,ICQ
13,984
6.1(X)
59.312 59,312
13.030
10.341
29.405
Donation5 of goods and
services
26,330
26,320
14.116
Total Income
45,414
60,312 105,726 66,892
Grants were gratefully
received from:
Kent Community Foundation
Covid Fund
Kent County Council-Gary
Cooke Members. Grant
Golding Homes Community
Chest
Golding Homes Countryside
Covid 19 Response Grant
Kent County Council
Kent Community Foundation-
Mums, Hubs
People's Health Trust- Park
Wood Hub
Colyer Ferguson Charitable
Trust
Maidstone Llons
Involve
Henry Stnith Charity
Maidstone Borou8h Council
Allchurche5 Trust
Testo Bags of Help
Chatham Maritime Trust
People's Health Trust- Mums
Together in Park Wood
Golding Vision
Monckton Whitehead
Charitable Foundation
Help A Maidstone Child
Total
3.(MX) 3.C
i.(W i,(KM)
750
750
2,SCK)
8.440
4.813
8,440
4,813
5,c￿ 5,000 5,000
5,559
5.559
4.447
5,(NXJ 5,C(JO S.￿j
2,IKJO
2,(XMI 2,tNJo
7,500
6,700
3,550
7,500
6.71X)
3,550
273
3.335
1.5
1,5tM) i.(M
1.500
350
59,312
59,312
29.405
Pa8e 24

The Princess Project Annual Report and Financi31 Statements for the year ended 31 March 2021
Note5 to the Accounts {continued)
For the year ended 31 March 2021
3. Income from other trading activities
Unrestrirted Restricted
Total
2021
Total
2020
Hollywood Ball
Other Fundraising events
Other trading activities
Total Income from other
trading activities
6.397
5.010
399
734
734
191
191
925
925
11.806
4. Costs of raising funds
Unrestricted
Restricted
Total
2021
Totsl
2020
Staff Costs
Hollywood Ball
Christmas Fair and Barn Dance
Promotional Materials
Raffle and Auction Prizes
Miscellaneous Costs
Support Costs (note 121
Total cost of raising fvnds
1,859
1,859
1,798
5,490
266
13
13
350
350
129
129
1.156
3.507
1,156
3,507
740
8,303
Page 25

The Princess Project Annual Report and Financial Statements for the year er)ded 31 March 2021
Notes to the Accounts (continued)
For the year ended 31" March 2021
5. Costs of Charltable Artivities
Mum2Mum
Bofrionding
New
Mum
Gifts
Parenting
Group5
and
Courses
Drop-ln
SUPPDrt
Totcycle
Shine
Staff Costs
Refreshments
Gift5 for Murns
Resources and
equipment
Christmas Party/
Gifts/Hampers
Promotional
Materials
Covid emergenc
Rental
Depreciation
Support Costs
(note 121
Total Costs
3,253
929
11.152
1.214
37
13
13
14
4,479
2,337
522
2,023
578
6,935
5.326
2.734
25.439
Outreach
Hubs
121
Support
Mum2Mum
Replication
Total
2021
Total
2020
Staff Costs
Refreshments
Gifts for Mums
Resource5 and
equipment
Christmas Party/
Gift5/Hampers
Promotional
Materials
Covid emergency
Rental
7,435
4,182
6.041
2,788
35,780 29,132
537
2,035
520
1,734
751
4,443
5.231
476
594
594
138
14
14
13
13
94
85
1,222
5,701
13,087
652
10,750
130
7,294
Depreciation
Support Costs
Inote 121
Totsl costs
4.623
2,601
3,756
1,734
22,250 11,988
14,408
18,428
9.810
8.978
85.123
$1,685
£52,855 of the costs of charitable activities were charged to restricted funds12020- £23.6881.
Page 26

The Princess Project Annual Report and Financial Statements for the year ended 31 March 2021
Notes to the Accounts (continued)
For the year ended 31rt March 2021
6. Net Movement in Funds
Net movement in funds is stated after charging=
Total
2021
Totsl
2020
Independent Examination
Accounting work by
Independent Examiner
Depreciation of owned fixed
assets
825
800
825
1.141
221
7. Tanglble Fixed Assets
Equipment
Totsl
2021
Equipment
Total
2020
Costs
As at I" April 2020
Additions
1.519
2.754
4,273
1.104
415
As at 31° March 2021
1,519
Depreciation
As at I" April 2020
Charge for the year
As at 31" March 2021
1.158
1,141
2.299
937
221
1,158
Net Book Value
As at 31" March 2021
1.974
361
As at 31" March 2020
361
167
Page 27

The Princess Project Annual Report and Financial Statements for the year ended 31 March 2021
Notes to the Actounts (continued)
For the year ended 31$1 March 2021
8. Debtors
2021
2020
Gift Aid Tax recoverable
949
927
949
927
9. Creditors: arnounts falling due within one year
2021
2020
Accruals
Other taxes and social securtty
Defer￿d Income (note 9a)
281
275
281
275
93. Deferred Income
2021
2020
Brought Forward at I" April 2020
Released in the year
Deferred in the year
Carried FoThvard at 31 March 2021
2.368
12,3681
10. Related party transactions
During the year. payroll payments, including pension and Employerfs National Insurance, totalling
£24.310 12020 £24.1781 were made to Emma Tanner, the CEO. who is a Trustee employed with
Charity Commission approval. In addition to payroll payments. the CEO was reimbursed expenses
arising from her role as CEO totalling £3,595 12020 - E2.3421. £348 12020 £6651 of this was for
mileage and the remainder was to reimburse out of pocket expenses to directly fund charitable
activity. The increase in reimbursed expenses in 2021 arose due to the significant additional sUPPOrt
needing to be provided to families during lockdown. Key management personnel of the charity are
considered to comprise the CEO and the other Trustees. Other than the CEO. none of the Trustees
receFved any remuneration during the year12020- nil).
Page 28

The Princess Project Annual Report and Financial Statements for the year ended 31 March 2021
Notes io the Accounts Icontinued)
For the year ended 31st March 2021
ii. stsff Costs
2021
2020
Wages and Salaries
Social security costs
Pension costs
44.956
2,046
1,512
48,514
32,674
1,936
1,358
35,968
Including the CEO (see note 101. there were four employees during the year12020- 41.
The full balance of the Employer's National Insurance Contributions of £2,046 was met by the annual
employment allowance.
No employee received a salary exceeding £60.0(Ki during the year12020- none).
Details of remuneration received by the Trustees are set out in note 10.
Page 2g

The Princess Project Annual Report and Financial Statements for the year ended 31" March 2021
Notes to the Accounts (continued)
For the year ended 31" March 20ZI
12. SupF>Ort Costs
The support costs of the charity have been allocated as follows based on time spent on each activity
by the CEO and other employees=
2021
2020
Mum2Mum Befriendin8
New Mum Gifts
Parenting Courses and Groups
Totcycle
Drop-in Support
Shine
Outreach
Hubs
121 Support
Mum2Mum Replication
Cost of raisin6 funds
2,023
578
1,184
148
888
296
30
6,935
296
296
20
li
4,623
2,601
3,756
1,734
1,156
23.È106
6,216
1,776
16
740
l(M)
12,728
Support Costs were made up asfollow5
2021
2020
Staff Costs
8,829
90
5.035
i(M)
Printing. Postage and Stationery
Volunteers. expenses
Website costs
Travel
Phone and broadband
Office costs
Insurance
113
189
10.120
534
712
518
774
314
4.238
445
388
Governance costs
2.040
23.406
1.695
12.728
Website costs in 2021 represent the donated seryices of the update and redesign of the charitW5
website.
Governance costs included the donated seNices of the Independent Examiner and the costs of
meeting space for board meeting5.
Page 30

The Princess Project Annual Report and Financial Statements for the year ended 31 March 2021
Notes to the Accounts (continued)
For the year ended 31" March 2021
13. Unrestrirted Funds
2021
2020
Balance brought forward
Net incomellexpenditurel
11.040
10.564
5.591
5,449
Balance carried forward
21,604
11,040
14. Restrirted Funds
Asati
April 2020
Income Expenditure
Asat31
March 2021
Chatham Maritime Trust
Monckton Whitehead Charitable
Foundation
Golding Vision Community Chest
Henry Smith (Parkwood Hub)
Colyer Ferguson (support worker)
Cinnamon Network IMum2Mum
replication)
People's Health Trust (Parkwood Hub)
Kent Community Foundation
Coronavirus Emergency Fund
Involve
MBC
273
161
112
1,408
166
i.oii
397
166
5.7(N)
3.￿1
6,262
4,960
6,938
3.941
3,949
3,856
4,718
455
1,216
6,533
5,125
2,151
2,733
2,882
4,593
304
5,559
2,000
833
3,138
6,700
3.550
2.(K)O
5,867
412
Allchurches Trust
Maidstone LÉon5 Club
Kent Community Foundation Covid
Fund
Covid-19 Response
KCC Early Help Grant
Golding Vision Totcycle
Golding Homes/Countryside Covid
8.216
4.075
1.102
764
52.855
224
4,813
2.250
738
1.148
1,736
31.883
24.426
60.312
Page 31

The Princess Project Annual Report and Financial Statements for the year ended 31" March 2021
Notes to the Accounts (continued)
For the year ended 31" March 2021
14. Restricted Funds Icontlnued)
Chatham Maritime Trust made a grant in January 2020 to cover the cost of purchasing additional
storage/re50urce5 for our Medway Hub.
Monckton Whitehead Charitable Foundation made a grant in September 2019 towards general
running cost5 at our Hubs (not Staff costs).
In September 2019 we received a grant from the Henry Smith Charity, part-funding our Parkwood
Hub. This income has been applied towards the running costs of this seNtces (including staff costs)
included within charitable activities.
Colyer Ferguson Charitable Trust awarded us a grant in August 2019, to part-fvnd a new Maidstone
Community Support Worker. This income has been applied towards the staff costs included within
charitable artivities.
In June 2019 we receNed funding from individuals attending the Cinnamon Network Projert Lab final
towards our work replicating the Mum2Mum befriending service across the UK. This income has been
applied towards the running c05ts of this work (including staff c05tsl included within charitable
activities.
In January 2020, we receNed a grant from the People'5 Health Trust, part-funding our Parkwood Hub.
This income has been applied towards the running costs of this seNices lincludin8 Staff costs) included
within tharitable activities.
The Coronavirus Emergency Fund relatesto donations made by individuals towards the costs of buying
emergency food parcels. nappies, and baby fomiula for families affected by covid-19.
In December 2020. we received a grant from Involve towards our coronavirus emergency response
in Tonbridge and Malling. This income has been applied towards staff costs included within
charitable activities.
In December 2020 we received a winter grant from Maidstone Borough Council to help us provide
winter clothing. equipment and other baby and toddler essentials to families in need. This income
has been applied towards the running costs of this work Inamely staff c05tsl included within
charitable activities (Totcyclel.
In January 2021 we received a Hope Beyond 8rant from Allchurches Trust to help us provide
emergency toronavirus support in Tonbridge and Malling through the Hubnotcycle. This income
has been applied towards the running cost of these activities lincluding staff costs) included within
charitable activities.
In September 2020 we received a grant from Maidstone Lions Club to part-fund the making of our
Mum2Mum BefrienderTraining Course videos.
In April 2020 we received a grant from Kent Community Foundation Icovid Fund) to fund core
activities providing support to families affected by the pandemic.
Page 32

The Princess Project Annual Report and Financial Statements for the year ended 31 March 2021
Notes to the Account51continued)
For the year ended 31st March 2021
14. Restricted Funds (continued)
In September 2020 we received an additional grant from Kent community Foundation towards the
running cost5 of our Mum< Hubs in Maidstone and Medway. This income ha5 been applied
towards the running costs of the Hubs (including rental costs and stsff Costs) included within
charitable artivities.
In July 2020 we recerved a Covid-19 response grant from the government (through the Awards for
All programmel towards our organisation's core costs (including staff costs) during the pandemic.
In August 2020 we re￿iVed an Early Help Grant from Kent County Council August 2020 for
Mum2Mum in Maidstone. including part-funding the Befriender Training Course videos and staff
costs.
We received grar)ts from Golding Wision towards our coronavirus emergency response lincluding
the purchase of top-up items for Totcycle) in May 2020 and March 2021.
We received a grant from the Countryside Communities Fund towards our coronavirus emergency
response (including the purchase of top-up item5 for Totcyclel in May 2020.
15. Analysis of Net Assets between Funds
Tangible
Flxed Assets
Net Current
Assets
At 31 March
2021
At 31 March
2020
Restricted Funds
31,883
19.630
31,883
21,604
24,426
11,040
Unrestricted Funds
1.974
1,974
51,513
53.487
35.466
16. Reconclliation of net movement in funds to net cash flow from operating artivities
2021
2020
Net movement in funds
Add back depreciation
Less gifts in kind- fixed assets
Ilncreaselldecrease in debtors
Increase/ldecreasel in creditors
18,021
1,141
11,2WI
1221
18,710
221
133
(2,4921
Net cash Inflow from operating activities
17,946
16.572
Page 33