ANNUAL REPORT &ÈINANCIAL TEMWS'I- 2021 022 RINCESS PROJECT,. Registered Charity Numbef1155021 The Prin￿sS Project Annual Report and Finanual Statements for the year ended 31 March 2022 CONTENTS Pagelsl Trustees. Annual Report 2-18 Independent Examinerfs Report 19 Statement of Financial Activities 20 Balance Sheet 21 Ststement of Cash Flows 22 Notes to the accounts 23-35 Page I The Princess Project Annual Report and Finanrial Statements for the year ended 31" March 2022 I RUSTEES, ANNUAL REPORT The trustees present their trustees annual report together with the financial statements of the charrty for the year ended 31" March 2022. Thè finan(ial statements have been prepared in accordance with the accounting policies set OLrt in note I to the accounts and comply with the charitys governin8 docurnent, the Charities Act 2011 and the Statement of Recommended Practice.. Accounting and Reporting by Charities preparing their Jccounts in accordance wrth tho Financial Reporting Standard applicable in the UK and Republic of Ireland {FRS 1021 (second edition- October 20191. OBJECTIVES ANO ACTIVITIES FOR THE PUBLIC BENEFIT The objetts of the Princess Project as set out in tts goveming document are: the promotion of social inclusion for the public benefit amon8St mothers between the a8es of 16 to 30 who are socially excluded. by means of employment, financial hardship, age, substance abuse or dependency, relationship/family breakdown. poor educational or skills attainment. poor physical or mentsl health. This is achieved by providing a befriending scheme and dropin support. to relieve the needs of those mothers and their children and to asslst them to integrate into society. to advance education in accordance wrth Christian principles by running parenting courses, and to teach or provide training for parents in other lrfe skills such as nutrition, tmjdgeting znd first aid. 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 advance the Christian faith in accordance with our statement of faith. The trustees confirm that they have referred to the tharrty Commission's guidance on publit benefft when reviewing the charivs aims and objectives and in planning fvture artivities. The objects are achieved through a wariety of activities: Mum2Mum Befriending Serwce Princess Project New Mum gifts Parenting Programmes Shine Course Totcycle Drop-in support at our Mums. Hubs Supporting mums in the community Providing supported volunteering opportunities Running free famity-friendty events Page 2 The Princess Project Annual ReF>Ort and Financial Ststements forthe year ended 31 March 2022 A MESSAGE FROM OUR FOUNDER This year has. as usual, been both busy and evenrful at the Princess Projert. Even as we have emerged from the worst of the covid pandemic, life continues to be imparted by it in so many ways- our mums have simultaneously been very keen to get back to face-to-face meetings. yet anxious about attending them- finances. both individual and organisational, have been impacted,. covid infections contlnue to aff&E both ourteam and our Servi￿ users. We have had a lot of change wwthin our team. We said a fond but sad farewell to Beth Thompson, our Maidstone project manager. who had been with us since 2017, and welcomed 4 new members of staff over the course of the year- 3 new community SUPPOrt workers Iceri Parkinson in Medwayl Helene Spocchia in 5heppey and Georgina Butten in Maidstonel, and Louise Dunmore in the new role of admin assistant la much overdue appointment which has made the rest of the paperwork- phobic team very happyll Our team all work part-time. and some only a few hours a week- in totsl we now have the equivalent of 3 full-time members of staff. All this change had the potential to be unsettlin& or even affect our service delivery. but our wonderful teèm rose to the challenge magnif1￿ntty- We are working hard to build an organisational culture of openness. honesty and vulnerdbility, investing time and effort into learning how to communicate with one another well. and role modelling a different way of working to our mums. and the other professionals who support them (some of whom have noticed and commented on the fact that 'you do thing5 differently at the Princess Project,.) l am incredibly proud of our team, who all consistently go the extra mile for each and every mum we tome into contact with. making them feel valued and special because of how they treat them- truly being Jesus. hands and feet. As well as challenges. this year has brought exctting new opportunities. We trained our first Mum2Mum volunteers in Tonbridge and Malling and the Isle of Sheppey. and started a conversation with Edge Ministries. who are based just outside Chesterfield. abjut the p05sibility of partnering together to SUPPOrt mums in that area. We have had conversations with churches in several other parts ofthe country about replication, and the CaMbr￿￿Be Mum2Mum project continues to go from strength to strength. Our board of trustees are committed to seeking God for guidanc& our prayer is that His will be done, at the Princess Projec¢ and in the lives of everyone we come into contart with. I hope you enjoy reading about what we have been up to this year, and would like to take this opportunity to say thank you for your support. From our stsff team and volunteers, to our prayer partners. donors. funders and referral partners- the Princess Project is 5uth a team efftirt and we really value and appreciate your contribution. Emma Tanner FounderlCEO Page 3 The Prfncess Project Annual Report and Finanaal Statements for the year ended 31" March 2022 A REVIEW OF OUR ACHIEVEMENTS AND PERFORMANCE: HOW OUR ACTIVITIES DELIVERED PUBLIC BENEFIT THE rincess PRCJECt 2021-22 TIMELINE Hubs re-open Apr CAP money course May PP Tvms 101 Jun New IT 5y5tem Jul Summer fvn We hÈkg4 2 Aug Conference Sep Ci)urses *At*es￿rt ota Oct New office Nov tyi New fatss Chri51mos festNrf¢ie5 Jan Feb More new faces Mar Page 4 The Princess Project Annual Report and Financial Ststements for the year ended 315r March 2022 THE PRINCESS PROJECT 2021- 2022 A YEAR IN NUMBERS 1,108 HUB VISITS (kn Murrts. Htts prov."de u iof wtk0nyngerNiror￿nlfOrTr￿Inerat* +1+++++++ thd*Jre TOTCYCLE ￿5[r5 749 ToEcy(k +s our boiy todd exthènge. provitting gral 4uahtyse(0Th4 hand baby l￿dIer clothes. toys. bt aThJ equweni free of char8e 64 MUMS RECEIVING INTENSIVE 1-TO-1 riorn our Learn ofvobJpreer bpfrienderx orour Staff teatn. Our team promde con5i5teni k>ng.germ noTrJudgeEnental supporc e￿aUra8efflenl buikling self- esteem ano ifflprrMngtr* ernotiot alld rnental he*th ar¥s*￿1b￿ng0f rniirristaking and iedu(ins SUPPORT IEFlIt•]DIPJG GIFfs GIVEN TO NEW MUMS 100 (() make Ihem leotvahled antt special. arKSto remind them that they¥e Irwl. 10 MUMS ArrENDED ONE OF OUR COURSES gaining imwrtaot 5killsatKI buildin8 Sdf The trustee board meets at least 4 times peryear, and more often where needed. KEY MANAGEMENT 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. and was on the board until 18 October 2021. all trustees give of their time freely and no trustee remuneration was paid in the year. Details of trustee expenses and related party transactions are disdosed in note 10 to the accounts. Trustees are required to disclose all relevant interests and re8lSter them with the CEO and in accordance with the charivs policy withdraw from decisions where a conflict of interest arises. The pay of the charitys CEO and other staff is reviewed annually. We pay the community support workers the hourly rate recommended by the Living Wage Foundation. Page 16 The Princess Project Annual Report and Financial Statements for the year ended 31$ March 2022 REFERENCE AND ADMINISTRATIVE INFORMATION TRUSTEES Jane Negus Chair of Trustees Angela Trigg 5ecretsry Steve Ring TreaSu￿r Emma Tanner CEO (trustee until 18 October 2021} Bobbi Ezeike (trustee since IV April 2021) Rev. Phil Goodey Neil Sampson Itmstee until iyh March 2022} Jordan Simmons (trustee sfjn￿ 13 January 2022) Helen Williamson Principal Office The Princess Projecl Maidstone Community Support Centre, Marsham Street. Maidstone ME14 IHH Independent Examiner Edward Rands 16 Mill C105e. Shepshed. Loughborough. Leicestershire LE12 9UA Prlncipal Banker CAF Bank, 25 Kings Hill Avenue. Kings Hill. West Malling, Kent ME19 4JQ Page 17 The Princess Project Annual Report and Finanaal Statements for the year ended 31" March 2022 TRUSTEES, RESPONSIBILITIES IN RELATION TO THE FINANCIAL STATEMENTS The charbty trustees are responsible for preparing a trustee< annual report and financtal statements in accordance with applicable law and United Kingdom Accounting Standards (United Kingdom Generally Accepted Accounting Practi￿1. 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 chartty for that period. In preparing the financial statements. the trustees are required to: 5elert suitsble accounting poliae5 and then appty them consistently: observe 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. subject to any material departures that must be disclosed ar7d explained in the financial statements- and prepare the financial statements on the going concem basis unless it is inapproprlate to presume that the charity will continue in operation. The trustees are respon￿ble for keeping proper accounting records that disdose with reasonable accuracy at any time the financial rM)5ition of the charity and to enable them to ensure that the financial statements comply with the Charities Act 2011, the applicable Charltles (Accounts and Reportsl RegLF13tions. and the provisions of the Trust deed. They are also responsible for safeguarding the assets of the charity and taking reasonable steps for the preventitin and dÈtertion of fraud and other irregLflarities. The trustees are ￿spOnsIble for the maintenance and integrity of the charity and financial information included on the charl￿$ website in accordance with legislation in the United Kingdom governin8 the preparation and dissemination of financial statements. Approved by the trustees on 9 January 2023 and signed on their behalf by- Jane Negus Chair Page 18 The Princess Project Annual Report and Finanaal Statements forthe year ended 31 March 2022 Independent examinerf5 report tt) the trustees of The Princess Projert I report to the charTty trustee5 on my examination of the accounts of the tharity for the year ended 31 March 2022 which are set OLtt on pages 20-35. Responsibllities and basls of reiKYt As the chariV5 trustees you are responsible for the P￿paratiOn of the accounts in accordan￿ with the requlrements of the Charities Act 2011 {'the ACYI. I rèport in respert of my examination of the char￿trfs accourts carried out under section 145 of the Act and in carrying out my examination I have followed all the applicable Directions given by the Charity Commi55ion under section 14515llbl 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 wtth those records; or 3. the accounts do not comply with the applicable requirements concerning the form and content of accounts set out in the Charities (Accounts and Reports) Regulations 2008 other than any requirement that the accounts give a Yrue and fair viebrf which is not a matter considered as part of an independent examination. I have no concerns and have corne across no other matter5 in connection with the examlnation to which attention should be drawn in this report in order to enable a proper understanding of the account5 to be reached. Edward Rands FCA 16 Mill aose Shepshed Loughborough Leicestershire LE12 9UA Date.. 2oLt Page 19 The prin￿$5 Project Annual Report and Finanaal Statements for the year ended 31 March 2022 Statement of Financial Activities For the year ended 31 March 2022 Unrestrfcted Restritted 2022 2022 Totsl Unre5trkted Restricted 2022 2021 2021 Total 2021 Notes Income from: Donations 46,021 3.200 51,944 97.965 3.21)0 45.414 925 60,312 105,726 925 Other trading activities Total 49,221 51,944 101.165 46.339 60.312 106.651 Expendlture on: Raising funds Charitable activities 2.982 17,798 20.780 2,982 82,804 85.786 3.507 32,268 35.775 3,507 85.123 65,006 65.006 52,855 52,855 Total 88,630 Net Income 28.441 (13.0621 15,379 10.564 7.457 18.021 Re¢onciliation of funds Total funds brought fonvard 13114 21.604 31.883 53,487 11,040 24,426 35.466 Total funds carrled forward ,821 68.866 21,604 31,883 53,487 Page 20 The Princess Projett Annual Report and Financial Statements forthe year ended 31st March 2022 Balance Sheet A5 at 3151 March 2022 2022 2021 Notes Fixed Assets Tangible Fiyed A55ets 917 1.974 Current Assets Debtors 1.024 949 Cash 67,355 50,845 Total Current A55ets 68379 51,794 CredIto￿. amounts falling due In one year 430 281 Net Current Assets 67,949 51,513 Net Assets 68￿66 53,487 Total funds of the charity: Unrestricted Funds Restricted Funds Total Funds 15 50.045 18.821 68￿66 21,604 31,883 53,487 Jane Negus Chair Approved by the Trustees on the 9 January 2023 Steve Ring Treasurer Page 21 The Princess Projett Annual Report and Financial Ststements for the year ended 315t March 2022 Statement of Cash Flows For the year ended 31" March 2022 2022 2021 Notes Net cash infiow from operating artivitles 16 I6￿10 17.946 Investlng artivities Purchase of tangible fixed assets 11,554} Increase in cash for the year 16.510 16,392 Cash at the stsrt of the year 50,845 34,453 Cash atthe end of the year 67.355 50,845 Page 22 The Princess Project Annual Report and Financial Ststements for the year ended 31° March 2022 Notes to the Accounts For the year ended 3151 March 2022 l. A￿O￿ntIng Policie5 Basis of preparation and golng concern The financial statements have been prepared under the historKal cost convention and in accordance with the Statement of Recommeftded Practice= Accounting and Reportlng by Charities preparin8 their accounts in accordan￿ wtth the Financial Reporting Standard applicable in the UK and Republic of Ireland IFRS 1021 (second edition- October 20191. the Financial ReFJOrtinB Standard applicable in the United Kingdom and Republic of Ireland IFRS 1021 lupdated March 20181, and the Charities Act 2011. The charity constittrtes a public benefit entity as delined by F115 102. The Trustees consider that there are no material uncertainties about the Pdncess Projecys ability to contknue as a going COn￿rn. Income arises from a combination of donation5. grdnts and fundraising activities. The highest area of cost 15 a550ciated with the employment of the Chief Exec￿1ve Officer ICEOI, project manager and community SUPPOrt workers ICSWsl. The level of reserves necessary to meet these costs and the tontinuing costs of volunteer-led artivities is kept under constant review by the Trustee5. In addition. the reselves policy indudes amounts to protect the ongoing work of the charity should income levels reduce. Income Income. including incorne tax recovered on amounts receNed by way of Gift Aid. is recognised in the Statement of Financial Activwties once the charity has entitlement to the resources, it is certain that the resources will be received and the monetary value of the incoming resource5 can be measured with sufficient reliability. Donated goods and seNl¢es Included within donations is the estimated vzlue of gifts in kind and good5 or services donated to the charity where the amounts are material. readily quantifiable and measurable. Such estimate5 are based on the market price the charity would otherwise have paid. Resources expended Liabilities are reco8nised as resources expended as wn as there is a legal or constructive obligation committing the charity to the expendtture. All expendi￿re is actounted for on an accruals basis and has been classified under headings which aggregate all costs related to the category. An amount equal to the donation incorne recognised on gtfts in kind Inot for resale) and goods or services received free of charge 15 included within the most relerdnt ￿tegory of expenditure to which the donation relates. Total resources expended include the alk)cation of support C05tsto thevarious expendwture categories set out in the Statement of Financial ActNities. Support costs have been allocated to activities on a basis consistent with the use of resource5 a5 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 recelved from variou5 funders and are recognised on receipt. Page 23 The Pflncess Projert Annual Report and Finanaal Statements forthe year ended 31° March 2022 Notes to the Accounts (continued) For the year ended 31" March 2022 l. Accountlng Pollclès l¢ontlnued) Value added Tax Value added tax is not recoverable by the charity, and as suth is included in the relevant costs in the ststement of Financial Activities. Tangible fixed assets Assets are reviewed on an individual basis and capTtalised when an ongoing benefit will be provided to the chartty. Depreciation 15 provided atthe following rates in order to write off the assets over their estimated useful INes. Equipment 33% straight line A full year's charge is made for the year in which an asset ts purchased. No depreciation is charged in the year of disposal. Impairment losses are recO￿lSed when there is an indication of iM￿JrMent and the asset's recoverable amount is less than its carryin8 amounL A(crued Income Accrued income represents the amounts claimed for GFft Aid due on donations re￿iVed before 31 March 2022 which had not yet been recovered from HMRC. The charity had no trade debtors at 31 Marth 2022 or 31 March 2021. Cash at bank and In hand Cash includes cash held in the tharitys bank accounts and a small amount of petty cash. Acuuals 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 2022 or 31 March 2021. The charity had no trade credttors at 31 March 2022 or 31 March 2021. Pensions The charity made pension contribution5 forthe CEO of £1.497 during the year12021= £1.512)- Restricted and Unrestricted Funds Restricted funds are to be used for specified purposes as laid down by the donor. Expenditure which meets these criteria is charged against that fund. Details of restricted funds are given in note 14. Unrestricted funds are donation5 and other income received or 8enerated for the objectives of the Charity without further specified purpose and are available as general funds. Page 24 The Princess Project Annual Report and Financial Ststements forthe year ended 31 March 2022 Notes to the Accounts {continued) For the year ended 31" March 2022 2. Donations Total 2021 Unrestrlcted Re51ritted Totsl Z022 Donations from Individuals Donations from Organisations Grant5 30.780 2,893 30,780 2,893 51,944 51.944 13,984 6,100 59.312 Donations of goods and services 26.330 12.348 12,348 Totsl Income 46,021 51,944 97,965 105,726 Grants were gratefully received from: Kent Community Foundation Covid Fund Kent County Coun¢il-Gary Cooke Members. Grant Golding Homes Community Chest Golding Homes Countryside Covid 19 Response Grant Kent County Council Kent Community Foundation- Mums, Hubs People'5 Health Trust- Park Wood Hub Colyer Ferguson Charitable Trust Maidstone Lions Involve Henry Smith Charity Maid5tone BorDU8h Council Allchurches Trust Golding Vision The Postcode Lottery Medway Voluntary Action Test Bed Fund Kent County Council Covid Reintegrntlon MBC Household Support Grant Total 3.000 750 2.500 8,440 4,813 4.5￿ 4,%)0 2.224 2.224 5.559 5.LXX) 5.C 5,1X)O 2,(X)O 2.(X)O 7,500 6.700 3.550 1.500 2.(KM) 2,COJ 20,0(N) 20.(KM) 7,500 7,120 7,120 3,600 51,944 51.944 59312 Page 25 The Prince55 Projert Annual Report and Financial Statements for the year ended 31° March 2022 Notes to the Accounts (continued) For the year ended 31" Marth 2022 3. Income from other tradlng activities Total 2021 Total 2020 Various fundraising events Other trading acttvities T¢)tal Income from other trading activities 2.560 2.560 734 191 3,200 3.2fy) 925 4. Costs of rai5in8 funds Total 2022 Total 2021 stsff Costs Promotional Materials Raffle and Auction Prizes Miscellaneous Costs Support Costs Inote 121 Totsl cost of ralslng fvftds 1.642 1,642 1.859 13 350 129 1,156 631 7t 631 709 2,982 Page 26 The Princess Projett Annual Report and Finanual Statements forthe year ended 31 March 2022 Notes to the Accounts (continued) For the year ended 3151 Marth 2022 5. Costs of Charitable Attivitres Mwnzmum New Mum Glfts Course5 Totcyde Staff Costs Refreshments Gifts for Mums Resources and equipment Christmas Party/ GFftslHampers Promotional Materials Totcycle TOFFUP Rentsl Depreciation support Costs Inote 121 Totsl costs 7,117 89 1.095 l.C85 32 10.949 53 36 81 3,463 S21 3.074 473 473 4,730 10280 1,657 1,681 19,663 Total 2022 Totsl Z021 Outreach Hubs Mum2Mum Suppxt Replication Staff Costs Refreshments Gifts for Mums Resources and equipment Christmas Partyl Gift5/Hampers Promotional Materials Totcycle Topup Rental 2,737 13.138 330 4.379 2,1￿ 42,7m 35,780 451 353 31X) 1,734 973 194 1,284 5.231 677 594 677 3,463 14.780 651 5,701 13,087 652 14.780 130 Depreciation Support Costs Inote 121 Totsl costs 1.182 5,675 1,892 18,445 22,250 35.026 6.Z71 3.330 82,804 85.123 £6S.006 of the costs of charitable att￿lItIeS were charged to restricted fvnds {2021- £52.8551. Page 27 The Princess Project Annual Report and Financial Statements for the year ended 31" March 2022 Notes to the Accounts Icontlnued) For the year ended 31 Marth 2022 6. Net Movement In Funds Net movement in funds is stated after charging: Total 2022 Total 2021 Independent Examination Accounting work by Independent Examiner Depreciation of owned fixed assets 825 825 1.057 1.141 7. Tangible Fixed Assets Equipment Total 2022 Equipment Total 2021 Costs As at I" April 2021 Additions 4.273 1,519 2,754 4,273 As at 31" March 2022 4273 Depreciation As at I" April 2021 Charge for the year As at31" March 2022 2.299 1,057 1,158 1,141 Net Book Value As at 31" March 2022 917 1.974 As at31" March 2021 1.974 361 Page 28 The Prlncess Project Annual Report and Financial Statements for the year ended 31 March 2022 Notes to the Accounts {contlnued) For the year ended 31" March 2022 8. Debtors 2021 Gift Aid Tax recoverable 1.024 949 949 9. Creditors: amounts fallin8 due within one year 2021 Accruals Other taxes ènd social security Deferred Income (note 931 430 281 281 9a. Deferred IrKome 21Y22 2021 Brought Fotward at I" April 2021 Released in the year Deferred In the year Carried FoTWdrd at 31° March 2022 10. Related party transactTons During the year, payroll payments. including pension and Employerfs National Insurance. totalling £25,28712021- f 24.3101 were made to Emrna Tanner. the CEO. who until 18 October 2021 was Trustee employed with Charity Commission approval. In addition to payroll payments. the CEO wa5 reimbursed expen5e5 arisingfrom her fole as CEO totalling £3,64012021-£3,5951. £51612021- £3481 of this total was for mileage and the remainder was to reimburse out of pocket expenses to d1￿Ctly fund charitable activity. Other than the CEO. none of the Trustees received any remuneration durin8 the year12021- nill. Page 29 The Princes5 Project Annual RekKIrt and Financial Ststements for the year ended 31 Mard) 2022 Notes to the Accounts Itontinued) For the year ended 31" March 2022 11. Staff Costs zozz 2021 Wages and salaries Social securwty costs Pension costs 50,986 2,260 1.497 $4,743 44,956 2,046 1.512 48,514 Indudlng the CEO (see note lol. there were eight employees during the year12021- 41. The full balance of the Employees National Insurance Corrtributions of £2.260 was met by the annual employment allowance. No employee received a salary exceeding £60.(KK) during the year12021- none). Details of remuneration received by the Tnjstees are set Otrt in notè 10. Page 30 The Prince55 Project Annual Report and Finènoal Ststements forthe year ended 31 March 2022 Notes to the Accounts (continued) For the year ended 3151 March 2022 12. Support Cosb The support costs of the charity have been allocated as follows, based on time spent on each activity by the CEO and other employees: 2022 2021 Mum2Mum Befriending New Mum Gifts Parenting Courses and Groups Totcycle Outreach Hubs 121 Support Mum2Mum Replication Cost of raising funds 16 3.074 473 473 4,730 1,182 5,675 1.892 2,023 578 25 6,935 4,623 2.601 3,756 1,734 1.156 23,406 30 io 709 loo 19,154 Support Costs were made up as follows 2022 2021 Staff Costs 10.401 443 259 603 1,179 937 2.739 534 8.829 Printin& Postage and Stationery Volunteers, expenses Website costs Travel Phone and broadband OFfice costs Insurance Governance costs 113 10.120 534 518 774 2.059 2,04D 23.406 ,154 Website costs in 2021 rep￿Sent the donated SeThj￿ of the update and redesign of the charl￿$ web51te. Govemance Costs included the donated seNice5 of the Independent Examiner and the costs of meeting space for board meetings. Pa8e 31 The Princess Projett Annual Report and Finanaal Statements forthe year ended 31° March 2022 Notes to the Accounts (continued) For the year ended 31" March 2022 13. Unrestricted Funds 2021 Balance bmught ft)rward hlet incomellexpendrturel 21.604 28.441 11,040 10,564 Balance carried fO￿ard $0,045 21.604 14. Restrirted Funds As at I" I￿orne Expenditure April 2021 As at 31" March 2022 Chatham Maritime Trust Monckton Whitehead CharFtable Foundatio Golding Vision Community Chest Henry Smith IParkwood Hub) Colyer Ferguson (support worker) Cinnarnon Network IMum2Mum replicationl People's Health Trust IParkwood Hub) Kent Communtty Foundation Involve MBC Icorollawrus emergency fund) Allchurches Trust Covid-19 Response KCC Early Help Grant Golding VFsion Totcycle Golding Homes/Country5ide Covid The Postcode Lottery Medway Voluntary Action Test Bed Fund Kent County Council Covid Reintegration MBC HoLt5ehold Support Grant Involve Totcycle 112 397 166 6.938 3.941 397 166 6.938 4,921 4,020 2,733 2,882 4.593 2.733 4,615 4.593 2,C(10 1.137 3.138 224 5.238 1,148 1,736 12.541 2.224 491 1.137 3.138 224 738 1,148 1.736 20, 7.459 4,332 3.168 7.120 7,120 706 2,894 789 1.211 65,(K16 31,883 51y4 18A21 Page 32 The Princess Project Annual Report and Financial Statements forthe year ended 31 March 2022 Notes to the Accounts (continued) For the year ended 31SI March 2022 14. Restrirted Funds (cwtinuedl Chatham Marttime Trust made a grant in January 2020 to cover the cost of purchasing additional storagelres0ur￿S for our Medway Hub. Monckton Whttehead Charitable Foundation made a 8rant in September 2019 towards general running costs at our Hubs (not staff costs). We received grants from Golding Vision for our coronavirus emergency response and the purchase of totFup items for Totrycle} in May 2020 and March 2021. In 5eptÈmber 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 seNices lincluding staff c05tsl included within tharitable activities. Colyer Ferguson Charitsble Trust awarded us a grant in August 2019. to part-fund a new Maidstone Community Support Worker. We received the final part of this funding in October 2021. This income has been applied towards the staff costs included within thatitÈble activities. In June 2019 we received funding frorn individuals attending the Cinnamon Network Projett Lab final towards our work replitatingthe Mum2M¥Jm befriending service acrossthe UK. This income has been applied towards the running costs of this work lincluding staff costs) included within charitable activities. In Janu8ry 2020. we received a grdntfrom the People's Health Trust. part-funding our Parkwood Hub. We received the final part of this funding in March 2022. This irtome has been applied towards the running costs of this services {induding staff costsl induded within charttable actNitie5. In September 2020 we received a grant from Kent Community Foundation towards the running costs of our Mums. Hubs in Maidstone and Medway. This income has been applied towards the running costs of the Hubs lincluding rental costs and staff costs) included within charitable activities. In December 2020. we received a grant from Involve toward5 our coronavirus emefgency response in Tonbridge and Malling. This incorne hès been applied towards staff costs included within charitable attivities. We ￿ceiVed additional Brants from Invol¥e in September 2021 and Febnjary 2022 for the purchase of Totcycle Items. In December 2020 we receNed a winter grant from Maidstone Borough Council to help us provide winter clothin& equipment and other baby and toddler essentials to families in need. This income has been applied toward5 the running costs of this work Inamely staff costs) included within charitable activities (Totcyclel. In January 2021 we receNed a Hope Beyond grant from Allchurches Trust to help us provide emergency coronavirus support in Tonbridge and Malling through the Hub/Totcycle. This income has been applied towar(ts the running cost of these activities lincludin8 Staff costs) included within charitable actNities. Page 33 The Princess Project Annual Report and Finanaal Statements for the year ended 31° March 2022 Note5 to the Accounts {continued) For the year ended 31SI March 2022 14. Restrfcted Funds Ic¢xitinuedl In July 2020 we received a Covid-19 re5w)rse grant from the government (through the Awards for All programmel towards our orEani5ati0rf5 core costs (including staff costs) during the pandemic. In August 2020 we ￿ceIved an Early Help Grant from Kent County Counlll August 2020 for Mum2Mum in Maidstone. including part-fvnding the Befriender Training Q)urse vide05 and staff tosts. We received Early Help grant additional funding forthis project in August 2021. We receNed a grant from the Countrystde Communltles Fund towards our coronavirus emergencv response lincluding the purchase of top-up items for Totcydel in May 2020. We received a grant from the People's Postcode Lottery in July 2021, towards our core work Ispecifically stsffing costs). This income has been applied towards the running costs of our services included within charitable activitie5. Medway Voluntary Action Test Bed Fund awarded us a 8faFrt in September 2021. to part-fund the setting up of the Murn2Mum befr1endin8serv1￿ on the Isie of Sheppey. and expanding it in Medwav. This income has been applied towards the runnlng costs of Mum2Mum (specifically staff costs1 includetl within charitable activities. We receNed a grant from Kent County Council'5 Covid Reintegration Fund in August 2021. Thi5 funding was for reintegration artivwtTres for families with young children and expectant pa￿nts Imaidstone and Tonbridge and Mallin8 Mums. Hubs). This income has been applied towards the running costs of the Hubs lincluding staff costs) included wtthin charttable activitie5. Maidstone Borough Counal awarded us fiJndinB in March 2022 as part of the Household Support Grant. This was to provide babyltoddler essentials tofamilies in need. through Totcycle. This income has been used to purchase Totcycle ttems le.8. nappies and fomiulal for familie5, and also been applied towards the running costs of Totcycle Istorage and delivery costsl included within charitable activities. Page 34 The prin￿55 Projett Annual Report and Finanaal Statements forthe year ended 315t March 2022 15. Analysis of Net Assets between Funds Tanglble ed Assets Net Current At 31 March 2022 At 31 Marth 2021 Restricted Funds Unrestricted Funds 18.821 49.128 18.821 50,045 31,883 21,604 917 917 67.949 68,866 53,487 16. Reconciliation of net movement in fundsto net cash flow from operating activltles 2022 2021 Net movement in funds Add back depreciation Less gifts in kind- fixed assets Decrease in debtors Increase in creditors 15,379 1,057 18,021 1.141 11.2001 1221 1751 149 Net cash inflow from operating adi¥ities 16,510 17,946 Page 35