' ANNUAL REPORT
& FINANCIA
STATEMENT
2022~
2023
THE PRINCESS
',frROJECT '
Registered cAarity Number 1155021

The Prince55 ProjeLt Annual Report and Financial Ststements forthe year ended 31 Marth 2023
CONTENTS
Pagelsl
Trustees, Annual Report
2-18
Independent Examinerfs Report
19
Statement of financial Activities
20
Balance Sheet
21
Statement of Cash Flows
22
Notes to the accounts
23-34
Page I

The Princess Projert Annual Report and Financial Ststements for the year ended 31 March 2023
TRUSTEES, ANNUAL REPORT
The trustees present their trustee5 annual reF)Ort together with the financial statements of the
charity for the year ended 31 March 2023. The financial statements have been prepared in
accordance with the accounting policies set out in note I to the accounts and comply with the
charivs governing document, the Charities Act 2011 and the Statement of Recommended Prartice-
Accounting and Reporting by Charities preparing their accounts in accordance with the Financial
Reportlng 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 Prin￿$5 Project as set in its governing document a￿=
the promotion of social inclusion for the public benefit amongst mothers between the ages
of 16 to 30 who are socially excluded, by means of employment, financial hardship, a8e,
substance abuse or dependenry, re13tionship/family breakdown, poor edtjcational or skills
attainment. poor physical or mental health. Thi5 is achieved by providing a befriending
scheme and drop-in support, to relieve the needs of those mothers and their children and to
assist them to integrate into society.
to advance education in accordan￿ with Christian princÈple5 by runntng parenting courses,
and to teach Of provide training for parents in other life skills such as nutrition, budgeting
and first aid.
to relieve financlal hardship among new parents and their dependents by providing good
quality second- hand baby and toddler clothing, 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 Charity Commtssion's guidance on public
benefit when reviewing the charitWs aims and objectives and in planning future artivities. The
objects are achieved through a variety of activities:
Mum2Mum Befriending Service
Princess Projert New Mum gifts
Parenting Programmes
Shine Course
TotLycle
Drop-in support at our Mum< Hubs
Supporting mums in the community
Providing sUPPOrted volunteering opportunities
Running free family-friendly events
Hope Café
Page 2

The Princess Projert Annual Report and Finanoal Statements for the year ended 31 March 2023
INTRODUCTION
As always. this year has been a bit of a rollercoaster for the Princess Projert team. We have seen
some amazing 'w1n￿- our work growing on Sheppey. employing Karen Tullett to start establishing a
Hubifotcycle in Chesterfield in partnership with Edge Ministries. record number5 of visits to our
established Hubs, Totcycle continuing to be a valuable resource for the community as the Cost of
Living Crisis started to bite, watching the one-ttrone relationships which are part of Mum2Mum
blossom and bear fruit. We have started our face-tfrface courses again, running a Shine course, and
also our first ever Kids Matter course, a wonderful parenting resource specifically targeted at
families experiencing disadvantage. We have started a new initiative. Hope Café, which is a safe
place for mums to explore the Christian faith- no question too big. too small, or too silly. We held
our second Conference. with the theme of 'Being Salt and Lighy. and it was so encouraging to meet
together as 3 wider Princess Project'famil¢ across all of our projects. to learn from each other and
worship together.
The year has not been without its challenges, however. We said Boodbye to one of our Maidstone
CommunFty Support Workers in December. who took up a post within another local charity. and
then one of our core team had a nasty accsdent in Januaryi meanin8 we were short Staffed for the
first part o* 2023. Even through this we could see God's hand at work, a5 our remaining team pulled
together and worked incredibly hard, other or8anisations Stepped in to support us (for example
Maidstone Children's Centres sent a member of staff along to the Hubs to help us outl and our
mums were patient with us. We alway5 say the Princess Project is a huge team effort- and never has
Ihat been more evidenL
l am so grateful to èveryone who has played a part in helping us to achieve the outcomes we are so
proud of this year, and which are detailed in this report. Our wonderful staff team. for whom
nothing is too mLtch trouble, and who always go the extra mile. and have supported each other this
year through thick and thin. Our prayer team. who meet once a month on zoom and pray for o%Jr
team, our mums, and any specific problems or issues that may arise. Our EK)ard of trustees, who
generou51y provide leadership and guidance through changing times. Our amazing volunteers, who
consistent5y go above and beyond to serve our mums with such patience. love. dedication and good
humour. All the individuals, organisations and grant making bodies who support us financially. and
everyone in the comrnunity who has generously donated baby and toddler items for Totcycle. We
really can do so much more together than we ever could on our own.
Mostly l am grateful to God, who this year135 always) has provided for all our needs- not always
what we want when we want rt butalwayswhat we need when we need it. God willin8 we will
continue to be his hands and feet to the mums he puts in our path for many years to come.
Emma Tanner
Founder/CEO
Page 3

The Princess Project Annual Report and Financial Ststements for the year ended 31° March 2023
A REVIEW OF OUR ACHIEVEMENTS AND PERFORMANCE.- HOW OUR ACTIVITIES
DELIVERED PUBLIC BENEFIT
Prince&s
p&)kcr
2022-23
TIMELINE
Shtne course
May
Ktth Motter
Jun
Jul
Summer fvn
New faces
Sep
ConfereKe
Oct
Nov
Jan
lope Cofe
Feb
Mother's Doy
Mar
Page 4

The Princess Projert Annual Report and Financial Statements for the year ended 31" March 2023
PRINCESS
PROJECT
2022- 2023
A YEAR IN NUMBERS
1,2n
HUB VISITS
Our HLts PT(Mde a safe.
**omingerThthorKrvff for￿n￿ab
TOTCYCLE VISITS
817
TotL)th ts ¢xJr baty afKI to￿¥
q￿tyS￿id hand ba
Kl to(kI￿r Éi)yS t￿ots
d ewmpment fvee of dk4rge b>
n*ls
68
PAVMS RECEIVING
INTENSIVE 1-TO-1
SUPPORT
hY)m ourteam ofvolurrte2r
befri￿LIeV& or4yJrstaff ream. Our
team prth￿ consistenL kng4ern
*xouragemenL buthJiTrg sew.
aTh1 heatharMI of
mwn5tsknn8pafLand ieducin8
GIFfs GIVEN TO NEW MUMS
136
to make fed valuedaThJ
spec￿[ arKI to TwniTvJ thern that
12
Mukls ArrENDED
ONE OF OUR COURSES
b￿￿lingSe1f-Cor￿d@ntÉ.
IW ShinÈaNI KKIS Matter
FAMIUES SUPPORTED
IN TOTAL
696
fam&esthrsJtw.
Page 5

The Princess Projert Annual Report and Financial Statements for the year ended 31° March 2023
VOLUNTEERS
None of our work this year would be possible without the help of our amazing team of volunteers.
who donated a grand total of 1.794 hours Ithays 75 days!) of time to us this year.
Princess Project Volunteers 2022-23
20
Hub Team
720
volunteer hours donated
15
Befrienders
780
volunteer hours donated
Other volunteers=
(deliveriesl ortln&
courses. fundraisin&
new mum gifts,
prayer team)
25
166
volunteer hours donated
Trustees
96
volunteer hours donated
Professionals
donating their time
and expertise- IT.
payroll. accountancy
services
32
volunteer hours donated
Page 6

The Princess Project Annual Report and Financial Statements for the year ended 31 March 2023
Our Impact
We ask the mums we
support what
difference the
iy)l<ill,(I
l(1 iic'ii- IxY)i)Ii'
Princess Project
makes to them. by
means of termly
anonymous
questionnaires.
Page 7

The Princess Project Annual Report and Financial Ststements for the year ended 31 March 2023
WHAT OUR CLIENTS SAY ABOUT US
66
The Princess Project
has helped us out major
with mental health
support and being there
for me throughout my
second pregnancy. birth
and everydaychecking irn
They have supported me
at my lowest and my
hest point& I honestly
ieve I wouldn't be h
without them.
66
It has given me the
confidence to
interact socially and
it's hel
me
manage
nancially.
66
66
It has made me feel
welcome and given
my child somewhere
to interact with other
children without
feeling judged.
I no longer get
stressed if I have a
financial problem or if
I need any kind of
infonnation because
they are there to help
me.
66
I have been able to
develop some good
friendshipswith parents
In the same situation as
me. l am more
confident I get out
regularly. It has really
made a profound
difference in m
mental
health and we
I being.
66
All the people are
lovely. and being
able to get help with
milk powder.
nappies etc ha5
been so helpful
when times are
hard.
Page 8

The Princess Project Annual Report and Financial Statements for the year ended 31" March 2023
WHAT OUR PARTNERS SAY ABOUT US
The support I have always
re¢eived from the Princess
Project is priceless.. from most
needed pushchair to valuable
Comforting words- all just
summarise your amazing workt
Huge thank you toyou all on
behalf of the families that
received support from Princess
Project team.
The Princess Project are
non-judgemental and
welcome everyone to their
groups. where they give
parents a warm welcome and
a feeling of worth which
increases their self-esteem.
You are a truly valuable local
service that is appreciated by
profes5iona15 and parents
alike .
Famil Support Worker.
Chil
ren in Cafe team
Early Help Worker
I have alway5 found the
Pr¥nce55 Project extremely
helpful. The referral process is
strai
ht fonmard and always dealt
wit
promptl . All referrals are
ionally and my
dealt with pro
clients are very grateful for the
outstanding support tsare
given.
I have done several
referrals ovèr the last few
years and Princess Project has
Iways been wonderfu
providing some much-n
supplies to families in need.
They have been sensitive to
5pecFfic needs of the familÉes and
have offered extra services like
stay and pla
sessions. parenting
services.
courses andLfriendin
They are a hu9e bene
ttoour
local vulnerable famili
I havè been worki
with the
uryears
now and have always been
impressed with thè level of
support they can offer.
Social Work Assistant
Early Help Worker
Page 9

The Princess Project Annual Report and Finanaal Ststements for the year ended 31 March 2023
A YEAR IN PICTURES
Page 10

The Princess Project Annual Report and Finanaal Ststements for the year ended 31 March 2023
FINANCIAL REVIEW
Total Income 2022-23
ioo.L
20.(
li_
As can be seen from the chart above, overall income remained broadly stable over this financial
year. with donation income slightly increased, and a modest increase also in income from other
trading activities. "Other trading actFVities- represents fundraising income, and income from selling
rags- although thi5 has grown since last year. it Is still significantly below our £IO,(MX) target. Holdin8
in-person fundraising events is still provi￿ problematic P05t-covid. and we entered the cost of living
crisis- both of these factors have impacted peoples, behaviour and spending habits.
Page 11

The Princess Project Annual Report and Financial Ststements for the year ended 31 March 2023
Donation income can be split up as follows:
Donation and Grants Income 2022-23
Grtrnts
61.
61.5% of donations income this financial year from grants from a number of different funders
Idetails of all of these can be found in note 14 of these accounts.)
The proportion of donations from individuals we have received this year is significantly lower than
the previoijs financial year117% as opposed to 31%}- this is mostly due to a very generous one-off
individual donation during the previous financial year. We are happy to have more than doubled the
level of organisational giving this year from 3%12021-221 to 7%12022-231. as more churches and
businesses have supported us financially. We hope to be able to continue to grow and develop both
these and FK)tential new partnerships going foThvards.
Donations of 8oods and services represent storage, office and meeting space; items for new mum
gift bags, and gifts for Motheds Day and Christmas,. new Totcycle items such as nappies and baby
formula,. and IT. payroll and accountanryfindependent examination Sery1￿5. We are tremendously
grateful for thi5 5UPPOrt and without it we couldn't have provided the level of services we have
achieved. The value of all donated good5 and 5ervites are matched by corresponding costs shown
either within direct charitable activity costs or support costs within the year.
Pa8e 12

The Princess Projert Annual Report and Finanoal Statements for the year ended 31 March 2023
Total Expenditure 2022-23
120X
20.(KN)
li_-
The amount we have spent on charitable activities has remained fairly Stable from 2021-2 to 2022-3.
A5 can be seen from the graphs below, our pattern of expenditure look5 broadly similar to last year.
Our Hubs remain our biggest outgoin& followed by Totcyele- Totcycle spending has increased this
year which reflects the increased number of referrals, especially for nappies and formula milk, which
we usually have to purchase. We are grateful to have received grant funding to enable us to meet
thi5 growing expense (see note 14 for more detai151.
Spending on replication has increased this year. as we worked to replicate the HubThotcycle in
ChesterField and also forged a partnership with Word of bfe Church in Luton, who plan to open a
Mums. Hub late 20231early 2024. We continue to support Mum2Mum Cambridge as they runtheir
local project.
Pase 13

The Princess Projett Annual Report and Finanaal Statements for the year ended 31" March 2023
Expenditure on Charitable
Activities 2021-22
2MuM¢L￿1prW￿j
14ty1 SUPPQrt
Ibjb
10.1
Expenditure on Charitable
Activitles 2022-23
Mum2Mum (Local w4*£ts1
10.OCLI
Page 14

The Princess Project Annual Report and Financial Statements forthe year ended 31° March 2023
RISK MANAGEMENT
The board of Trustees continues to assess. identify and addre55 areas of rTrsk and to put controls in
place to minimise these. Key contro15 include:
Formal a8endas and minutes for all board meetings..
Regular financial reviews including preparation of management accounts. budgeting and
reviews of reserve levels-
Formal procedures for safeguarding children and vulnerdble adults,.
Regular review of compliance with data protection legislation,.
Risk assessments of all publicly attended activities-
Development of written policies and procedures surrounding volunteer grievance, equal
opportunities and diversity. media and social networkin& 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 Importan￿ of maintaining a level of reserves to enable them to
continue to offer seN¢￿S during periods of financial uncertainty. During the year the trustees a55es5
the current level of expenditu￿ and the need to hold reserves to meet the not[￿ costs assoclated
with the employment of the staff team in the event of a sudden change in circumstantes. The
trustees consider that a reserve level of £16,(XK) was sufficient to meet these costs and to fund the
turrent level of volunteer led activity for 2 months.
The total free reserves of the Princess Project after adjusting for fixed assets and restricted funds
amount to £40,531.
PLANS FOR THE FUTURE
Our plans for 202314 include-
To build relationships with churches across the country who are interested in replicèting
Mum2Mum and/orthe Hub and Totf¥cle
To open a Hub on the Isle ofsheppey. and to reopen a Tonbridge Hub
Continue to build relationships with local churches and professionals
Grow our volunteer team to reflect the increasing demand for our servi￿5
Establish our first Northem Hub and Totcycle in Chesterfield. in partnership with Edge
Ministries
Page 15

The Prlncess Project Annual Report and Financia5 Statements forthe year ended 31° March 2023
STRUCTURE. GOVERNANCE AND MANAGEMENT
The charity is a registered Charttsble Incorporated Ooanisation Itharity number 11550211 and is
governed by the temis of its constitution.
Trustees are appointed by the current tnjstees. Trustees retire by rotation every 3 years and can
stsnd for re*lertion 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.
When skills gaps are identified by the board, potential new trustees are sought to meet these needs.
The rrustee board meets at least 4 times per year, and more often Whe￿ needed.
KEY MANAGEMENT PERSONNEL REMUNERATION
The trustees consider the board of trustees and the chief executive as comprising the kev
management personnel of the charity in charge of directing and controlling the charity and running
and operatin8 the charity on a day-to-day basis. All trustees give of their time freely and no trustee
remuneration was paid in the year.
Details of trustee expenses and related party trnnsattions are disclosed in note 10 to the accounts.
Trustees are reqUI￿d to disclose all relevant interests and register them with the CEO and in
accordan￿ with the charitys policy withdraw from decisions where a conflict of interest arises.
The pay ofthe chariVsCEO and otherstsff is reviewed annually. We pay the communitysupport
workers the hourly rate recommended by the ￿VIng Wage Foundation.
Page 16

The Prin￿$5 Project Annual Repon and Finanaal Ststements for the year ended 31" March 2023
REFERENCE AND ADMINISTRATIVE INFORMATION
TRUSTEES
Jane Negus
Chair of Trustee5
Angela Trigg
Secretary
Steve Ring
th
Treasurer {trustee until 5 September 20231
Bobbi Ezeike
Rev. Phil Goodey
(trustee until itr July 2023)
Jamieleigh Ma
(trustee since 2￿ November 2023)
Leon Milehèm
Itrustee since 2(￿ November 20231
Claire Pamberi
Itru5tee since 30" October 20231
Jordan Simmons
(trustee until 2￿ March 20231
Joyuba
(trustee since 2￿ November 2023)
Helen Williamson
Principal Office The Princes5 Projett. Maidstone Community Support Centre, 3948 Marsham Street,
Maidstone ME14 IHH
Independent Examlner Edward Rands FC4 16 Mill Close, Shepshed. Loughborough,
Leicestershire LE12 9UA
Principal Banker CAF Bank. 25 Kings Hill Avenue. Kings Hill. West Mallin& Kent ME19 4JQ
Page 17

The Princess Project Annual Report and Financial Statements for the year ended 31 March 2023
TRUSTEES. RESPONSIBILITIES IN RELATION TO THE FINANCIAL STATEMENTS
The charity trustees are responsible for preparing a trustee￿ annual report and financial statement5
in attordance with applicable law and United Kingdom Accounting Standards Iunited Kingdom
Generally Accepted Accounting Practicel. The law applicable to charities in England and Wales
requires the charity trustee5 to prepare financial statements for each year which gNe a true and fair
view of the state of affairs of the charity, and of the incoming resources and application of resource5
of the charity for that period.
In preparing the financial statements. the trustees are required to-.
select suitable accounting policies and then appty them consistently-
observe the methods and principles in the applicable Charities SORP.-
makejudgements and estimatesthat are reawnable and prudent:
state whether applicable accounting stsndards have been followed, subjert to ony material
departures that must be disclosed and explained in the financial statements,. and
prepare the financial statements on the goin8 concern basis unless it is inappropriate to
presvme that the charty 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 charity and to enable them to ensure that the
financial Statements Comp￿ with the Charities Act 2011, the applicable Charities (Accounts and
Reports) 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 irregularities. The trustees are ￿sPonsible for the maintenance and integrity of
the charity and financial inft)rmation included on the charFWs websrte in accordance WFth legislation
in the United Kingdom governing the preparation and dissemination of financial statements.
Approved by the trustees on 8 January 2024 and signed on their behalf ty.
Jane Negus
/c l/L,J
Chair
Pa8e 18

The Princess Project Annual Report and Financial Statements for the year ended 31 March 2023
Independent exarninerfs report to the trustee5 of The Prfncess Projert
l ￿ port to the charity trustees on my examination of the accounts of the chartty for the year ended
31 March 2023 which are Set out on pages 2(k34.
Responsibilities and basis of report
As the charitys trustees you are responsible forthe preparation of the accounts in accordance with
the requirements of the Charities Act 20111.the AcY}.
I report in respect of my examination of thÈ chart￿5 accounts carried out under section 145 of the
Art and in carryin8 Out my examination I have followed all the applicable Directions given by the
Charity Commission under section 1451Sllbl of the Act.
Independent examlnerfs ststement
I have completed my examination. I confirm that no material matters have come to my attention In
connertion 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 sertion 130 of the
Act; or
2. the accounts do not accord with those records; or
3. the accounts do not comply with the applicable requirements concerning the form and
content of occounts set out in the Charities IAccounts and Reports) Regulations 2008 other
thari any requirement that the accounts give a "true and fair Vie￿ whtch is not a matter
considered as part of an independent examination.
I have no concerns and have come across no other rnatters in connectÉon wlth the examination to
which attention should be drawn in thi5 report in order to enable a proper understanding of the
accounts to be reached.
16 Mill Close
5hepshed
Loughborough
Leicestershire
LE12 9UA
LL6
Page 19

The Princess Projert Annual Report and Financial Ststements for the year ended 31 March 2023
Statement of Financial Activlties
For the year ended 3151 March 2023
Unrestrfcted Restrfcted
2023
2023
Total Unrestrirted Restrlcted
2023
2022
2022
Total
2022
Notes
Income from:
Donations
37.429
5.016
42,445
62.037
99.466
5,016
62.037 104.482
46,021
3,200
49,221
51,944
97.965
3,200
Other trading activities
Total
51,944
101.165
Expenditure on:
Raising funds
Charitable activtties
4,455
47,170
51,625
4,455
58,011
105.181
58,011 109.636
2,982
17,798
20,780
2,982
82,804
85,786
65,006
65.006
Total
Net Movement in
Funds
19,180)
4,026
15,1541
Z8,441
(13,062)
15,379
Reconciliation of funds
Total funds brought
forward
13114
50,045
18,821
68.866
21.604
31,883
53,487
Total funds carried
forward
40￿5
22.847
63,712
50,1)45
18.821
68,866
Page 20

The Princess Project Annual Report and Financial Statements forthe year ended 31 March 2023
Balance Sheet
As at 31" March 2023
2023
2022
Notes
Fixed Asset5
Tan8ible Fixed Assets
334
917
Current Assets
Debtors
Cash
Total Current Assets
1,359
62.169
1,024
67,355
63.528
68.379
Creditors: amounts falling due In one year
150
430
Net Current Assets
63.378
67,949
Net Assets
63,712
Totsl funds of the charlty:
Unrestritted Funds
Restricted Funds
Total Funds
15
40,865
22.847
63,712
50,045
18,821
68.866
Jane Negus
Chair
Approved bythe Trustees on the 8th January 2024
Steve Ring
Treasurer
Page 21

The Princess Project Annual Reportand Financial Statements fortheyearended 31 March 2023
Statement of Cash Flows
For the year ended 31st March 2023
2023
2022
Net cash (outflow)/inflow from
opÈratin8 activities
16
(5,186)
16,510
Investing activities
Purchase of tangible fixed assets
Increase in cash for theyear
(5.186)
16.510
Cash at the start of the year
67.355
50,845
Cash at the end of the year
62.169
67,355
Page 22

The Prince55 Project Annual Report and Flnancial Ststements for the year ended 31" March 2023
Notes to the Accounts
For the year ended 31 March 2023
l. Accounting Policies
8asis of prepardtlon and golng concem
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 preparing their
accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of
Ireland IFRS 1021 (second edition- October 20191, the Financial Reporting Standard applicable in the
United Kingdom and Republlc of Ireland IFRS 1021 (updated March 20181, and the Charities Act 2011.
The charity constitutes a public benefit entity as defined by FRS 102.
The Trustees consider that there are no material uncertainties about the Prlncess Project's ability to
continue as a going Concern. Income arises from a combination of donations, grants and fundraising
activities. The highest area of cost is a￿ociated with the employment of the Chief Executive Officer
ICEOI, project manager and community support workers ICSWSI. The level of reserves necessary to
meet these costs and the tontinuing costs of volunteer-led artivities is kept under constant review by
the Trustees. In addition, the reserves policy includes amounts to protect the ongoing work of the
charity should income levels redu￿.
Income
Incorne, including income tax recovered on amounts received by way of Gift Aid, is recognised in ttte
Statement of Financial Activities once the charity has entitlement to the resources, it is probable that
the reSoUr￿S will be received and the monetary value of the incoming resour￿$ can be measured
with sufficient reliability.
Donated goods and services
Incltjded within donations is the estimated value of gifts in kind and goods or Services donated to the
charity where the amounts are material. ￿adIlY quantifiable and measurable. Such estimates are
based on the market price the charity would otherwise have paid.
Liabiltties and expenditure
Liabilities are recognised as expenditure as soon as there is a legal or constructive obligation as a result
of a past event, it is probable that a transfer of economic benefits will be required in settlement, and
the amount of the obligation can be measured or estimated reliably. All expenditure is accounted 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 income recognised on gifts in kind Inot for resale) and goods or
service5 received free of charge is included within the m05t relevant category of expenditure to which
the donation relates.
Total expenditure includes the allocation of support costs to the various expenditure tatègoriÈ% sèt
out in the Ststement of Financial Activitie& Support costs have been allocated to activities 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 ottivitie5 are set
out in note 5.
Page 23

The Princess Project Annual Report and Financial Statements for the year ended 31" March 2023
Grants
Grants are re￿iVed from variou5 funders and a￿ recognised on re￿IpL
Notes to the Accounts (continued)
For the year ended 31" Mar¢h 2023
l. Accounting Policies Icontinued)
Value added Tax
Value added tax is not ￿COVerable by the charity. and as such 15 included in the relevant COSt5 in the
Statement of Financial Activttie5.
Tangible fixed assets
A55et5 are reviewed on an individual basis and capitalised when an ongoin8 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.
Equlpment
33% straight line
A full yearfs charge is made for the year in which an asset is purchased. No depreciation 15 charged in
the year of disposal.
Impaimient losses are recogni5ed when the￿ is èn indication of impairment and the asset's
recoverable amount is less than its carrytng amount.
Accrued Income
Accrued income ￿presents the amounts claimed for Gift Aid due on donations received before 31
March 2023 which had not yet been recovered from HMRC.
The charity had no trade debtors at 31 March 2023 or 31 March 2022.
Cash at bank and in hand
Cash includes cash held in the charitys bank accounts and a small amount of petty cash.
Accruals and Deferred Incon
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 2023 or31 March 2022.
The charlty had no trade creditors at 31 March 2023 or 31 March 2022.
Pensions
The charity made pension contributions for the employees of the organisation of £1.944 during the
year12022.' £1,497).
Restricted and Unrestricted Funds
Restritted 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 donations and other income received or generated for the objectives of the
Charity without further specified purpose and are available as general funds.
Page 24

The Princes5 Project Annual Report and Financial Ststements for the year ended 31 March 2023
Notes to the Accounts {continued)
For the year ended 31 March 2023
2. Donatlons
Total
2023
Total
Donations from Individua15
Donations from Organisations
Grants
Donations of goods and
services
17,402
6.123
17,402
6,998
61,162
30,780
2,893
51,944
875
61.162
13,9(M
13.904
12,348
Total Income
37.429
62,￿37 99,466 97,965
Grants were gratefully
received from:
Kent County Council
Kent Community Foundation-
Mums, Hubs
People's Health Trust- Park
Wood Hub
Colyer FerBuson Charitable
Trust
Involve
The Postcode Lottery
Medway Voluntary Action Test
Bed Fund
Kent County Council Covid
Reintegration
MBC Household SupportGrant
MBC Community Resilience
Grant
CFCT Hardship Fund
Cobtree Trust
PCPF
Souter Charitable Trust
Edge Ministries
Involve Warrn Welcome
Whitehead Monkton Charitable
Foundation
Total
4,5CNJ
12.5(KJ 12.5(K)
2,224
10.(MXI 10,()xI 5.IJXI
2,5(KI 2,cKx)
20,(XM)
2,51X)
3.668
3,668
7.5(Ki
1,780
1,780
7,120
s.(￿ S.CKKJ 3,6
5.LKK) 5.m)
250
250
5.1)JJ 5.c(x)
I0,c￿ io,c
3.(Kti 3,(
1,064
4(M)
i.(YJ) i,LXX)
61.162 61,162 51,944
Page 25

The prIn￿sS Project Annual Report and Financial Ststements for the year ended 31 Marth 2023
Notes to the Accounts {continuedl
For the year ended 31$1 Marth 2023
3. Income from other trdding actlvitles
Total
2023
Totsl
2022
Replication income
Various fundraising events
Other trading attivities
Total Income from other
trnding activities
295
2,560
345
4,410
426
4,410
426
5.016
5,016
3.200
4. Costs of raising fuftds
Totsl
2023
Total
2022
Staff Costs
Promotional Materials
Raffle and Auctioft Prizes
Miscellaneous Costs
Support Costs (note 121
Totsl cost of raising fvnds
1.494
1.494
1.642
2,226
735
2,226
735
631
709
4,455
4,455
2.982
Page 26

The Princess ProjertAnnual Report and Financial Statements for the year ended 31 March 2023
Notes to the Accounts (continued)
For the year ended 31" March 2023
S. Costs of Charitable Activities
Mum2Mum
New Mum
Gifts
Totcyde
Staff Costs
Refreshments
Giftsfor Mums
Resour￿5 and
equipment
Christmas Patyj
Gifts/Hampers
Promotional
Materials
Totcycle Top-up
Grants
Rental
8.966
129
747
2,989
so
11.955
203
229
4.366
249
2.708
687
Depreciation
Support Costs
(note 121
Total costs
367
1.470
5,878
13,504
3,117
738
25,843
Outreath
and Events
121
Support
Project
Replication
Totsl
2023
Hubs
Total
2022
Staff Costs
Refreshments
Gifts for Mums
Resources and
equipment
Christma5 Party/
Gifts/Hampers
Promotional
Materials
Totcycle Top-up
Grants
Rentsl
Depreciation
Support Costs
(note 121
Total costs
2.989
49
16.438
306
4.483
5.977
54.544 42,7(
534
451
1.802
353
746
1.193
1,284
1,267
1,267
677
4.366
249
3.463
20
10.862
130
I3.5￿ 14,780
817
651
1.470
8.082
2.204
2.939
26,819
18,445
5,812
36.564
6.687
8.916 105.181
82,804
£58,011 of the costs of charitable attivities were charged to restritted funds12022- £65.Th)61.
Page 27

The Princess Project Annual Report and Financial Statements for the year ended 31 March 2023
Notes to the Atcounts (continued)
For the year ended 31 March 2023
6. Net Movement in Funds
Net movement in fvnds is stated after charging:
Total
2023
Total
2022
Independent Examination
Accounting work by
Independent Examiner
Depreciation of owned fixed
assets
892
866
893
867
1,083
1,057
7. Tangible Ftxed Assets
Equipment
Totsl
2023
Equlpment
Total
2022
Costs
As at I" April 2022
Additions
As at 31" March 2023
4.273
4,273
4,273
Depreclation
As at I, April 2022
Charge for the year
As at 31" March 2023
3.356
1,083
2.299
1.057
3,356
Net Book Value
As at 31° March 2023
334
917
As at 31" March 2022
917
1,974
Paee 28

The Princess Project Annual Report and Financial Statements for the year ended 31 March 2023
Notes to the Account5 (continued)
For the year ended 31" March 2023
8. Debtors
2023
2022
Gift Aid Tax recoverable
1,359
1,024
1.359
1,024
9. Cred5tors: amounts falllng due within one year
2023
2022
Actruals
Other taxes and social security
Other creditors
430
150
Deferred Income (note 9a}
430
9a. Deferred Income
2023
2022
Brought Forward at 1° April 2022
Released In the year
Deferred in the year
Carried Forward at 31° March 2023
10. Related party transactions
None of the Trustees received any remuneration during the year12022- £25.287 for employment of
CEO. who was a trustee with charity commission approval but stood down from the board in October
20211.
Page 29

The Princess Project Annual Report and Financial Statements for the year ended 31 March 2023
Notes to the Accounts (continued)
For the year ended 31" March 2023
li. Staff Costs
2023
2022
Wages and salaries
Social 5ecLbrity costs
Pension costs
69.964
50.986
2,260
1,497
54,743
1.944
74,717
There were 8 employees during the year12022- 8).
The full balance of the Employer's National Insuran￿ Contributions of £2.809 was met by the annual
employment allowance.
No employee received a salary exceeding £60.(KK) durin8 the year12022- nonel-
Page 30

The Princess Project Annual Report and Financial Statements for the year ended 31° March 2023
Notes to the Accounts (continued)
For the year ended 31" Marth 2023
12. Support 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-.
2023
2022
Mum2Mum Befriending
New Mum Gifts
Parenting Courses and Groups
Totcycle
Outreach
Hubs
121 Support
Mum2Mum Replication
Cost of raising funds
16
4.409
367
3,074
473
473
1,470
5,878
1.470
8,082
2.204
2,939
735
21
4,730
1,182
5,675
1,892
946
29
li
709
27,554
19,154
Support Costs were made up as follows
2023
2022
Staff Costs
18.679
10.401
443
259
603
1.179
937
Printing. Postage and Stationery
Volunteers, expenses
Website costs
Travel
Phone anij broadband
Office costs
Insurance
Governance costs
187
293
176
1,019
3.(VJ5
331
2.710
27,554
2.739
534
2,059
19,154
Governance costs include the donated servi￿$ of the Independent Examinerand the costs of meeting
space for board meetings.
Page 31

The Princess Project Annual Report and Finantial Statements forthe year ended 31 March 2023
Notes to the Accounts (continued)
For the year ended 31" March 2023
13. Unrestrirted Funds
2023
2022
Balance brought forward
Net movement in funds
50.045
19.1801
21.604
28,441
Balance carried forward
40.865
$0,045
14. Restrirted Funds
Asatl
April 2022
Income Expendlture
As at 31"
March 2023
Edge Ministries Idonationl
Colyer Ferguson
People'5 Health Trust (Parkwood Hub)
Kent Community Foundatlon
The Postcode Lottery
Medway Voluntary Action Test Bed
Fund
Kent County Council Covid
Reintegration
MBC Household Support Grant
Involve Totcycle
MBC Community Resilience Grant
CFcf Hardship Fund
Cobtree Trusi
PCPF
875
io,(Kx)
875
4.020
491
9,080
491
12,5
4.734
7.459
7.766
7.459
3,168
3,668
6.836
1,780
1,780
4,335
3,289
2,894
789
3,559
250
249
iO,(XM)
iO.(KKJ
1.534
1.064
Souter Charitable Trust
1,466
Edge Ministries Igrantl
Involve Warm Welcome
Whitehead Monkton Charitable
Foundation
25
58.011
975
22,847
,821
62.037
Page 32

The Princess Project Annual Report and Financial Statements for the year ended 315t March 2023
Notes to the Accounts (continued)
5t
For theyear ended 31 March 2023
14. Restricted Funds (continued)
In April 2022 we received a grant from Maidstone Borough Council's Community Resilience Fund to
help us provide baby and toddler essentials to families in need. This income has been applied
towards the running costs of this work {namety staff costs) included within charitsble activities
ITotcyclel-
We received the final instalment of our grant from Kent County Council's Covid Reintegration Fund in
April 2022. This funding was for reinte8ration activitie5 forfamilies with young chÉldren and expectant
parents Imaidstone and Tonbridge and Malling Mums, Hubs). This income has been applied towards
the running costs of the Hubs (including staff costs) included within charitable activities.
In July 2022 we received a small grant from Colyer Fe￿US5O￿ Charitsble Trusys Hardship Fund, to
buy a washing machine for a mum tn need.
Medway Voluntary Action Test Bed Fund awarded us a grant in September 2022, to part-fund the
Mum2Mum befriending service on the Isle of Sheppey and Medway. This income has been applied
towards the running costs of Mum2Mum Ispecifi(ally stsff costs) induded within charitsble activities.
In October 2022 we were awarded a grant from Cobtree Charity Trust towards our tore work in
Maidstone Ispecifically stsffing costs). This income has been applied towards the running costs of our
services included within charitable activities.
We received a grant from Involve for Totcycle in October 2022. This income has been applied
towards the running costs of this work Istaff costs and PLbrchase of Totcycle items) included within
charitable artivities.
We received grants from Kent Community Foundation in October 2022 and March 2023 towards the
running costs of our Mums. Hubs in Medwayi and MaidstoneThonbridge and Malling. This income
has been applied towards the running costs of the Hub5 {including rental costs and staff costs)
included within tharitable activities.
In December 2022 we were awarded a grant from the Philip and Connie Phillips Foundation towards
our core work lincluding staffin8 costs}- This income has been applied towards the running costs of
our services included within charitable activities.
We received a grant from Souter Charitable Trust towards our core work in December 2022. This
income has been applied towards the running costs of our services included within charitable
attivities.
Between January and March 2023 we re￿iVed fundin8 from Edge Ministries to part fund thè
employment of our Chesterfield Community Support Worker.
In January 2023 we ￿¢eNed a grant from Involve/Maldstone Borough Council Warm Welcome Fund
to buy insulated travel mugs for use at our Hubs. This income has been applied towards the running
costs of our Hubs {resour￿5 and equipment).
Page 33

The Princess ProjettAnnual Report and Financial Statements forthe year ended 31 March 2023
Notes to the Accounts Icontinued)
st
For theyear ended 31 Marth 2023
14. Restrlcted Funds (continued)
Maidstone Borough Council awarded us funding in February 2023 a5 part of the Household Support
Grant. This was to provide babyltoddler essentials to families in need, through Totcycle. This income
has been used to purchase Totcyde items le_g_ nappie5 and fomiulal for tsmilies. and also been
applied toward5 the running costs of Totcyde Istorage and delÉvery costs) included within eh8ritable
artivities.
In March 2023 we re￿iVed a grant from Cotyer-Fergus50n Charitsble Trust to expand our core work
in Kent. This income has been applled toward5 the runnin8 costs of our service5 included within
charitable activities.
15. Analysis of Net Assets between Funds
Tangl>le
Net Current At 31 Marth
Z023
At 31 March
2022
Restricted Funds
Unrestricied Funds
22.847
40,531
22,847
40.865
18,821
50,045
334
334
63,378
63,712
68,866
16. Reconallatlon of net rnovement In funds to net ￿5h flow from operating act7vtties
2023
2022
Net Movement in funds
Add back dep￿Ciation
Less gifts in kind-fixed assets
Decrease Èn debtors
IDecreasel/lncrease in creditors
15.1541
1,083
{51XJI
(335}
{2801
15,379
1,057
1751
149
Net cash loutflowllinflowfrom operating
activitie5
(5.186)
16,510
Page 34