ANNUAL REPORT
%FINANCIAL
STATEMENTS
2024-
2025
THE pkiNCEsg
li PkoJECT
Registered Charity Number 1155021

The Princess Project Annual Report and Financial Statements for the year ended 31 March 2025
CONTENTS
Page(s)
Tru5tees' 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
23-35
Page I

The Princess Project Annual Report and Financial Statements for the year ended 31" March 2025
TRUSTEES: ANNUAL REPORT
The trustees present their trustees annual report together with the financial ststements of the
charity for the year ended 31 March 2025. 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 Practice:
Accounting and Reporting by Chartties preparing their accounts in accordan￿ With the Financial
Reportin8 Standard applicable In the UK and Republic of Ireland (FRS 102) (second edition-october
2019).
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 benefit amongst mothers 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 providtn8 a befriendln8
scheme and dropin support, to relieve the needs of those mothers and thelr children and to
assist them to integrate into society.
to advance education in accordance wtth Christian principles by running parenting courses,
and to teach or provide tralning ft)r parents in other life skills such as nutrition, budgeting
and first aid.
to relieve financial 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 accordan￿ with our statement of faith.
The trustees confirm that they have referred to the Charity Commission's guidance on public
benefit when reviewing the charitys aims and objectives and in plannin8 future activlties. The
objects are achleved through a variety of activities:
Mum2Mum Befriendin8 Service
Princess Project New Mum gifts
Parenting Pro8rammes
Shine Course
Totcycle
Drop-in 5UPPOrt at our Mum< Hubs
Supportin8 mums in the wmmunity
Providing gupport•d volunt••rlr46 OPPVrtunltle>
Running free family-friendly events
Hope Café
Page 2

The Princess Project Annual Report and Financial Statements for the year ended 31" March 2025
INTRODUCTION
As I reflett on another year at the Princess Project, I continue to be amazed by the faithfulness of
God, the hard work of our team. and the generosity of our supporters. In a year when families
continue to face a lot of uncertainty. we have been able to Stand alongside and provide consistent
love and support- to be Jesus, hands and feet to the mums and families he puts us alongslde.
In a culture where so much is transient and temporary. our commitment to providing long-term
support for as long as is needed (sometimes for several years) allows us to build meaningful
relationships, and creates the environment where family transformation is possible.
We are thankful to the grant funders who have seen the value in our work and invested in us to
allow us to grow. This ha5 resulted in five thriving Mum< Hubs across Kent. and has allowed us to
put some exciting new plans into attion including running ten Babies Matter courses over two years,
and replicating Hope Café at all our Hub locations overthe same tlme frame. This means that by
2026, we will have a safe, welcomin& inclusive space in all of our Hub locations where mums can
explore Christianity. should they wish to.
We know that our people are ourgreatest resource and we continue to invest in our team, this year
pioneering a partnership with Crossline Counselllng to provide regular wellbeing reviews for all of
our staff team, in recognition of the mentsl. emotional and spiritual load they carry and the
potential impatt thls might have on their wellbeing.
I hope you will take the time to read through this report and be as encouraged as l am by the picture
it palnts. If you are a numbers person. there are plenty of amazing statistics to put a smile on your
face, whether thavs our Hubs being vlslted 4,543 times, our volunteers donating an amazing 2,828
hours (thavs 4 months!) of time. or that 92% of mums engaging with us felt less isolated as a result,
and 77% said their mental health had improved.
If that doesn't mean much to you. hopefully you will enjoy reading quotes from our mums and our
volunteers describing the difference the Princess Project has made to them in their own words"
failin8 that I hope the smiles in the photographs we've shared cause you to smile too.
These are extremely challenging times for the voluntary sector. Money is scarce. Need is growing.
People have increasing demands on theirtime meaning volunteering can be difficult. We never take
your support for granted, and are extremely grateful for every pound. hour or gift donated, every
prayer prayed. every encoura8ement sent. More than anythin& though. we are encouraged to stay
rooted and trusting in God, the Sour￿ of all good things. who has shown himself to be con5iStently
faithful and is the same yesterdayi today and forever.
If you would like to know more about anything outlined in this report. please do contact the Prlncess
Project team, who are always happy to talk about our work!
Thank you again foryour support,
Emtna Tanner
Founder/cEO
Page 3

The Princess Project Annual Report and Financial Statements for the year ended 315t
March 2025
A REVIEW OF OUR ACHIEVEMENTS AND PERFORMANCE: HOW OUR ACTIVITIES
DELIVERED PUBLIC BENEFIT
- 2024-25
TIMELINE
As well os om ofthjr regu
Big EtTster Story
Apr
throLFghc#Jt the wr-,
Big Church Festival
May
Fr•deritrs Fvndroin
Jun
Summer fvn
Jul
New Officel
Aug
Grace on NTrlheels
Sep
Conference
Oct
Courses
Nov
. Chrtstmas festlvities
Dec
Volunteers. Celebratlon.,-
Jan
Shep￿¥ Qpen
Feb
Mar
Page 4

The Princess Project Annual Report and Financial Statements for the year ended 31 March 2025
4fF.J
A YEAR IN NUMBERS
4,543
HUB VISITS: 2.303 ADULTS.
1240 CHILDREN
Our Mums. Hubs provide a saf
welcoming ermronment for vuineiable
mums, and play snaces for th&r
thildren.
TOTCYCLE VISITS
599
Totcycle Is our baby and toddler
goods exchange proiAding good
qualjty Second hand baby
aT￿ ioddler do¢ns toys. bools
and equipment free of charge to
anyone who
nèeds it
253
MUMS RECEIVING 1-TO-I
SUPPORT
from our ream oFvolutsteer
befrlenders. or our staff ieam. OUT
team provide consistenL long ierm
n¢)n-judgemenral support and
encouracemenr, building self.
esreem and Improving tfte emottonal
and menral health and wèllbein8 01
mums takin8 part, and reducrng
-thtrrsocwl Isolatson
GIFTS GIVEN TO MUMS
290
to make them feel valued and
spetsal. arKJ to remino thern thar
Ihey ere loved .
17
FAMILIES ArrENDED
ONE OF OUR COURSES
gaining important skills and
buildingself cormdence
kl]rou£h &*ipe and knds klatter
FAMILIES SUPPORTED
IN TOTAL
685
We hettied nebrly 700
1ndiw.dual families this year.
ttvoLWJ one or ffl0￿ of our
Page 5

The Princess Project Annual Report and Financial Statements for the year ended 31" March 2025
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 2,828 hours (thaY5 nearly 4 months!) of time to us this year.
Princess Project Volunteers 2024-25
28
Hub Team
500
volunteer hours donated
15
Befriender5
,04
volunteer hours donated
Trustees
108
volunteer hours donated
Other volunteers:
{deliveries/ sortin&
courses. fundraising.
new mum gifts,
prayer team)
96
volunteer hours donated
Professionals
donating theAr time
and expertise- IT.
research, payroll.
accountancy services
volunteer hours donated
Page 6

The Princess Project Annual Report and Financial Statements for the year ended 31 March 2025
THE
PrLFicess
PROJECT
Our Impact
Our mums have told us what difference the Princess Project has made to them
96%
Have met new people
92/.
Feel less isolated
77%
Mental health has improved
74/.
Feel more confident
in their parenting
72/
Family life has improved
89/
Feel like they can have a say in
how things are run, and that
their voice is heard
What difference does Totcycle make?
What difference does Hub make?
What difference do our courses make?
What difference does Hope Cafe make?

The Princess Project Annual Report and Financial Ststements for the year ended 31" March 2025
We asked our mums how receiving a gift from the Princess Project made them
feel...
speciaL
gratc-rul
project
Loved
amazing
princess
good
viamtrt
valued
lovplv
nice
appreciated
acknowledged
.and to tell us in their own words what difference the Princess Project had
made to them and their family
66
60
It has changed my life. I have been
coming for nearly 2 years now and
I love everyone.
I have made new friends. Freed up
money which has helped.
It has helped me to worry less.
99
99
66
00
Helped me feel like I'm a good mum
The Princess Project has given me
the thought of never being alone. It's
made me see light in dark times
99
99
00
They have helped me and my little boy
so much since becoming a single
mumat19
We have learned more about
parenting and socializing has reduced
the stress level at home.
99
99

The Princess Project Annual Report and Financial Statements for the year ended 31" March 2025
We asked our team about their experience of volunteering with the
Princess Project
ioo/.
Enjoy volunteering
96/.
Have met new people
96/.
Feel well sUPPOrted in their
role
79%
Feel like they can have a say in how
things are run
33/
Have learnt new skills
33/.
Are more confident
06
I love volunteering with PP. Each week is different. l enjoy
seeing the other volunteers. It is great to see how much the
mums enjoy coming along and it always touche5 my heart
when I see new mums making conversation with each
other, perhaps providing friendships that otherwise would
never have been made. God is good.
99
The best part about volunteering is standing
alongside other mums as they negotiate the
challenges of motherhood, and encouraging
and supporting them to be the best they can
for their children.
00
I feel we all work together as a team. I
feel we are appreciated by the staff. I
love being part of the team. It is good to
have standards and clear leadership.
99
99
66
60
I feel like I'm sharing God's love in the
community beingjesus, hands.
Volunteering has grown my faith by seeing
the big and small miracles God is doing.
I love chatting to the mums and the
children. Serving the refreshments. Noticing
the changes and development in the mums
and the children as the months and years
go by_
99
99

The Princess Project Annual Report and Financial Statements for the year ended 31" March 2025
A YEAR IN PICTURES
gkn
Gly£
lov.
Pa8e 10

The Princess Projett Annual Report and Flnancial Statements for the year ended 31st March 2025
INANCIAL REVIEW
Total Income 202&25
751JOOO
100fJJo
Il_
Overall income increased by almost 23% this financial year. with thrs increase comin8 from both a
Significant increase in donation income {see 8fdphic belowfor breakdown) and also a modest
increase in income from other operating actiV5ties, which represents fundraising income. replication
Income and income from selling on unwanted/unsuitable fabric donations. The increase in income
reflects the poSitr￿e way our work {and our organisation as a whole) is viewed by grant funders,
or8ani5ation5. and members of the general public and is something we are very thankful for in these
difficult financial times. Our'other operdting activitieg income remains below our £10,000 target,
primarily due to the on8oin8 challenges around communityfundraising in a post-covid era. we are
actively exploring ways to diversify our income to remedy this.
Page 11

The Princess Projett Annual Report and Financial Statements for the vear ended 31" March 2025
Donation income can be split up as follows:
Donation and Grants Income 202425
Donatlpns from Indfvlduals
lQ1Y
Donallonsfrorn Organtsatlons
fjrants
D•rtatlon of Gaods•nd S*r¥kesifjifts In Klndl
60.2% of donations income this financial year came from grants from a number of different funders
(details of all of these can be found in note 14 of these accounts.) This is a smaller proportlon of
total incorne than in the last financial year (67%), despite the fact that the actual amount of grant
funding we have been awarded has increased. Decreasin8 our rellance on grant funding is something
we have been working hard to achieve. so we are pleased to be making progress in this area.
The proportion of donations from individuals we have received this year is broadly similar to the
previous financial year (IO% as opposed to Il%), which is pleasing siving the financial climate.
Income from organisations has increased significantly- 18.2% this year compared to 7.5% last year.
This includes donations from local buslne5ses, churches, and other organisations.
Donatlons of goods and services represent storage. office and meeting space: items for new mum
gift bags, and gifts for Motherf5 Day and Christmas: new Totcycle items such as nappies and baby
formula; and IT. payroll and accountanry/independent examination Servi￿5. We are tremendously
grateful 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 seNices are matched by corresponding costs shown
eiiner wirnin dlrect charltable activity costs or support cost5 wlthin the year.
Page 12

The Princess Projett Annual Report and Financial Statements for the year ended 31" March 2025
Total Expenditure 2024-25
I￿000
soooo
Il__
The amount we have spent on charitable activities has InC￿aSed by 19%, reflecting the overall
increase in our Income. The cost of raising funds has increased sli8htly, however the proportion of
our income we spend on raising funds is only 4% overall (3% last financial year).
As can be seen from the graphs on page 14, our pattem of expenditure looks broadly similar to last
year. Our Hubs remain by far our biggest outgoing. with this being the first financial yearthat we
have had fwe Hubs open for the whole reporting period. with the resufting increase in rent and staff
costs.
Spending on Hope Café has also increased signtficantly. with a grant being re￿iVed from Magnify
Foundation to fund this work and replicate it across all of our Hub locations over the next two years.
Page 13

The Princess Project Annual Report and Financial Statements forthe year ended 31 March 2025
Expenditure on Charitable
Activities 2023-24
Mum2Mum
N•w mum#il¢ b¥¥s
l.t￿1 support
Tot¢yde
Cours•5
Oirtrtath •nd ev•nts
Hub
Hope C•ie
Expenditure on Charitable
Activitles 202Ak25
vm2Mum
Projert Repllutlon
Newrnum Wftb•85
1-ttyl sUPPDrt
7otcytlt
Course5
Hope Cafe
Page 14

The Princess Project Annual Report and Financial Statements for the year ended 3151 March 2025
RISK MANAGEMENT
The board of Trustees continues to assess, identify and address areas of risk and to put controls in
place to minimise these. A central risk regrster is maintained, and changes to this are logged and
reviewed at each trustee meeting. Risk managemont and safeguardin8 are standing agenda items for
board meetings. Key controls include:
Fomial agendas and minutes for all board meetings,.
Regular financial revlews including preparation of management accounts, budgeting and
reviews of reseprfe levels.
Formal procedures forsafeguardin8 chIld￿n and vulnerable adults;
Regular review of compliance with data protettion le8islation'
Risk assessments of all publicly attended activitles:
Development of written policies and procedures surrounding volunteer grievance. equal
opportunlties and diversity. media and social networkin& confidentiality, lone workin8 and
personal safety, and tslking about faith guidelines,.
Development of strategic plans," and
Re8ular trainlng for staff and volunteers.
RESERVES POLICY
The trustees understand the Importance of maintaining a level of reserves to enable thern to
continue to offer services during periods of financial uncertainty. During the year the trustees assess
the current level of expenditure and the need to hold reserves to meet the notice costs associated
with the employment of the staff team in the event of a sudden change in circumstances. The
trustees consider that a reserve level of £26.400 was sufficient to meet these costs and to fund the
current level of volunteer led activity for 3 months.
The total free resenies of the Princess Project after adjusting for fixed assets and restricted funds
amount to £28,170.
PLANS FQR THE FUTURE-
Our plans for 2025/26 include:
To continue to build relationships with churches acros5 the country who are interested in
replicating Mum2Mum and/or the Hub and Totcycle and to explore other local replication
opportunities
To have a rolling programme of Babie5 Matter course5 acr055 all our Hub locations
To open Hope Café's in all our Hub locations and expand our seasonal Hope Café events
programme
To establish a system of 6-monthly Wellbeing Reviews for staff in partnership with Crossline
Counsellin8
Continue to build ￿latIOnShIpS with local churches and profes5iona15
Grow our volunteer team to reflect the increasing demand for our services.
Pa8e 15

The Princess Project Annual Report and Financial Ststements for the year ended 31st March 2025
STRUCTURE, GOVERNANCE AND MANAGEMENT
The charity is a registered Charitable Incorporated Organisation (charity number 1155021) and is
governed by the te￿nS of its constitution.
Trustees are appointed by the current trustees. Trustees retire by rotation every 3 year5 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.
When skills gaps are identified by the board. potential new trustees are 50ught to meet these needs.
The trustee board meets at least 4 times per year, 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 directin8 and controlling the charity and runnlng
and operating 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 expen5e5 and related party transactions are disclosed in note 10 to the accounts.
Trustees are required to disclose all relevant Inte￿Sts and register them wlth the CEO and in
accordance with the charIt￿S policy withdraw from decisions Whe￿ a conflict of interest arlses.
The pay of the charivs staff is reviewed annually. We pay the community support workers and
admlnistrator the hourly rate recommended by the Living Wage Foundation.
Pase 16

The Princess Project Annual Report and Financial Statements for the year ended 31st March 2025
REFERENCE AND ADMINISTRATIVE INFORMATION
TRUSTEES
Leon Mlleham
Chair of Trustees (from 19 September 2024)
Vice Chair of Trustees (from 19° September 2024)
Treasurer (from 13th March 2025)
Secretary
Joy Uba
Abiola Seweje
Angela Trigg
Bobbi Ezeike
Jamieleigh Mace
Jane Negus
th
(trustee until 13 March 2025}
(chair until 19" September 2024)
Claire Pamberi
Helen Willlamson
Prlnclpal Office The Princess Project, Maidstone Community Support Centre. 3948 Marsham Street,
Maidstone ME14 IHH
Independent Examiner Edward Rands F￿ 16 Mill Close, Shepshed, Loughborough,
Leicestershire LE12 9UA
Princlpal Banker CAF Bank, 25 Kings Hill Avenue, Kings Hill, West Mallin& Kent ME19 4JQ
Pase 17

The Princess Projett Annual Report and Financial Ststements for the year ended 31 March 2025
TRUSTEES, RESPONSIBILITIES IN RELATION TO THE FINANCIAL STATEMENTS
The charity twstees are responsible for preparing a trusteeg annual report and financial statements
in accordance With applicable law and United Kingdom Accounting Standards (United Kingdom
Generally Accepted Accounting Practice). The law applicable to charities in En8land and Wales
requires the charity trustees to prepare financial statements for each year which give a true and fair
view of the state of affrdirs of the charity. and of the incoming ￿sOurceS and application of resources
of the charity for that period.
In preparing the financial statements. the trnstees are required to..
select suitable accounting policies and then apply them consistently:
observe the methods and principle5 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 and explained in the financial statements; and
prepare the financial statements on the going concern basis unless it is inappropriate to
presume that the charity will continue in operation.
The trustees are responsible for keeping proper accounting records that dlsclose with reasonable
accuracy at any time the financial position of the charity and to enable them to ensure that the
financial Statements comply with the Charities Att 2011. the applicable Charities (Accounts and
Reports) Re8ulatlons, 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 responsible for the maintenance and integrity of
the charity and financlal information included on the charivs website in accordance with leglslatlon
in the Unlted Kingdom governlng the p￿paratIOn and dissemination of financial statements.
Approved by the trustees on 8 January 2026 and signed on their behalf by:
Leon Mileham
Chair
Page 18

The Princess Project Annual Report and Financial Statements for the year ended 31st March 2025
Independent examinerfs report to the trnstees of The prin￿SS Project
I report to the charity trustees on my examination of the accounts of the charity for the year ended
31 March 2025 which are set out on pages 21>35.
Responsibllltles and basis of report
As the charitvs trustees you are responsible for the preparation of the accounts in accordance with
the requirements of the Charitie5 Art 2011 ('the ACV).
I report in respect of my examlnatlon of the charltys accounts 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 Commission undersection 145{5)(b) of the Act.
Independent examinerfs statement
I have completed my examination. I confimi that no material matters have come to my attentlon In
connection with the examination givin8 me cause to believe that in any material respect:
accounting records were not kept in respect of the charity as reqUI￿d by section 130 of the
2. the accounts do not accord wlth those records: or
3. the accounts do not compty with the applicable requlrements concemin8 the form and
content of accounts set out in the Charities (Accounts and Reports) Regulations 21X)8 other
than any requirement that the accounts give a -true and fair view" 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 understandin£ of the
account5 to be reached.
Edward Rands FCA
16 Mill Close
Shepshed
Loughborough
Leicestershire
LE12 9UA
Date:
Page 19

The Princess Project Annual Report and Financial Statements for the year ended 31" March 2025
Statement of Financial Artivities
For the year ended 31st March 2025
Unrestritted Restricted
2025
2025
Total Unrestricted Restricted
2025
Total
2024
2024
Notes
2024
Income from:
Donations and grants
Other operatin8
activities
Total
47,534
94,055
141,589
37,678
77,182
114,860
6,930
6.930
5,623
5,623
54,464
94,055
148.519
43,301
77,182
120,483
Expenditure on:
Raising funds
Charitable attivities
Total
5,807
62,262
68,069
5,807
77,917
140,179
77,917 145,986
4.050
36.743
40,793
4,050
81.481 118,224
81,481
122,274
Net Movement in
Funds
113,605)
16,138
2,533
2.508
(4,299) (1,791)
Reconcillation of fvnds
Total funds brought
forward
Total funds carried
forward
13114
43,373
18,548
61.921
40,865
22,847
63,712
29,768
34,686
64.454
43.373
18,548
61,921
Page 20

The Princess Projett Annual Report and Financial Statements for the year ended 31" March 2025
Balance Sheet
As at 31st March 2025
2025
2024
Notes
Fixed Assets
Tangible Fixed Assets
1,598
1,241
Current Asset5
Debtors
Cash
Total Current Assets
1,028
62,390
1,679
59,001
63,418
60,680
Credltors: amounts falling due in one year
562
Net Current Assets
62.856
60,680
Net Assets
61,921
Total funds of the charlty:
Unrestricted Funds
Restritted Funds
Total Funds
15
29,768
34,686
64.454
43,373
18,548
61,921
Leon Mileham
Chair
Approved by the Trustees on the 8 January 2026
Abiola 5eweje
Treasurer
Page 21

The Princess Projett Annual Report and Financial Statements for the year ended 315t March 2025
Statement of Cash Flows
For the year ended 31st Marth 2025
2025
2024
Notes
Net cash inflow/(outflow) from
operating actlvitles
16
4,979
(1.558)
Investlng activities
Purchase of tangible fixed assets
(1,590)
(1,610)
Increase/(Decrease) In cash for the
year
3.389
(3,168)
Cash at the start of the year
59.001
62,169
Cash at the end of the year
62,390
59.001
Page 22

The Princess Projett Annual Report and Financial Ststements for the year ended 31" March 2025
Notes to the Accounts
For the year ended 31st March 2025
l. Accountlng Policles
Basi5 of preparation and going con￿rn
The financial statements have been prepared under the historical cost convention and In accordance
with the Statement of Recommended Practice: Accountlng and Reporting by Charities preparin8 their
accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of
Ireland (FRS 102) (second edition- October 2019), the Financial Reporting Standard applicable in the
Unlted Kingdom and Republic of Ireland {FRS 102) (updated March 2018), 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 Princess Projecvs ability to
continue as a going concern. Income arises from a combination of donations. grants and fundraising
activities. The highest area of cost is associated with the employment of the Chief Executive Officer
(CEO), projett manager and community support workers (CSWS). The level of reserves necessary to
meet these costs and the contlnulng costs of volunteer-led activities is kept under constant review by
the Trustees. In addition, the resetves policy includes amounts to protect the ongoing work of the
charity should Income levels reduce.
Income
Income, including income tax ￿COvered on amounts received by way of Gift Aid. is recognised In the
Statement of Flnanclal Activities once the charity has entitlement to the resources, It is probable that
the resources will be received and the monetary value of the incoming resources can be measured
with SLrfftclent reliabillty.
Donated goods and servl¢e5
Included within donations is the estimated value of gifts in klnd and goods or services donated to the
charity where the amounts are material, readily quantifiable and measurdble. Such estimates are
based on the market pritr the charity would otherwise have paid.
Liabllities and expenditure
Liabilities are recognised asexpenditure assoon as there is a le8al orconstructive 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 accrua15 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 (not for resale} and goods or
services received free of charge is included within the most relevant category of expendtture to which
the donation relates.
Total expenditure include5 the allocation of support costs to the various expenditure categories set
out In the Statement of Financial Activities. 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 activities are set
out in note 5.
Page 23

The Princess Project Annual Report and Financial Statements forthe year ended 31 March 2025
Notes to the Accounts (continued)
For the year ended 31" Marth 2025
l. Accounting Policies (continued)
Grants
Grants are received from various funder5 and are recogni5ed on re￿ipt.
Value added Tax
Value added tax is not recoverable by the charity. and as such 15 included in the relevant costs in the
Statement of Financial Activities.
Tangible 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% straight line
A full yeaes charge is made for the year in which an asset Is purchased. No depreciation is charged in
the year of disposal.
Impalrment losses are recognised when there is an Indication of impairment and the asset's
recoverable amount is less than its carrylng amount.
Accrued Income
Accrued income represents the amounts claimed for Gift Ald due on donatlons received before 31
March 2024 which had not yet been recovered from HMRC.
The charity had no trade debtors at 31 March 2025 or 31 March 2024.
Cash at bank and In hand
Cash includes cash held in the charitvs bank accounts and a small amount of petty cash.
Accruals and Deferred Income
Accruals comprise unpaid staff expenses relatin8 to the period which were pald shortly after the year
end.
There was no deferred income at 31 March 2025 or 31 March 2024.
Pensions
The charity made rjenston eontributiorbs for the employee$ of the or8an15ation of £Z.SZ3 Uurlng the
year (2024: £2,199).
Page 24

The Princess Projert Annual Report and Financial Statements for the year ended 31" March 2025
Notes to the Accounts (continued)
For the year ended 31" March 2025
l. Accounting Policies (continued)
Restricted and Unrestiicted 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 fvnds 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 25

The Princess Project Annual Report and Financial Statements for the year ended 315t March 2025
Notes to the Accounts (continued)
For the year ended 315t March 2025
2. Donations and grants
Unrestricted Restricted
Totsl
2025
Total
2024
Donations from Individuals
Donations from Organisations
Grants
9.499
21.816
4.791 14,290 12,688
4.005
25,821
8,615
8S,259 85,259
77.182
Donations of goods and
services
16,219
16.219
16,375
Total Income
47.534
94.055 141.589 114.860
Grants were gratefully
recelved from:
Kent Community Foundation
Colyer Fer8U50n Charltable
Trust
Involve
Cobtree Trust
Souter Charitable Trust
Tesco
Sheerness Town Council
Magnify- Hope Café
N3tlonal Lottery
Henry Smith
Tonbridge and Mallin8 Borough
Council
Edge Minlstrles
Hubs Digital Support
Benefact Trust
Garfleld Weston
COCOLF
Total
15,000 15.000
8.￿)0
20.0(KI 20,OCM)
681
681
2,500
5,1YJO 5,000 5.000
1,200
1,200
3.000
1,875
1,875
1,125
500
500
750
11.999 11,999
15,254
15.254
io.o(A) 10,000
7,500
3,750
3.750
709
5,400
37.598
77.182
85.259 85.259
Further details of restricted funds are given in note 14.
Page 26

The Princess Project Annual Report and Financial Statements for the year ended 315t March 2025
Notes to the Accounts (continued)
For the year ended 31" March 2025
3. Income from other operating activities
Unrestricted Restrfrted
Total
2025
Total
2024
Replication income
Various fundraising events
Other trading activities
Total Income from other
tradlng activlties
345
6.119
466
345
6,119
466
4.626
512
6.930
6,930
5.623
4. Costs of rdising funds
Unrestrlcted Restrlcted
Total
2025
Total
2024
Staff Costs
Promotional Materials
Raffle and Auction Prizes
Miscellaneous Costs
Support Costs {note 12)
Total cost of ralsing funds
1.971
13
1.971
13
2.539
37
1,771
1.052
5.807
1,771
1,052
5307
244
1,230
4.050
Page 27

The Princess Project Annual Report and Financial Statements for the year ended 31" March 2025
Notes to the Accounts {continued)
For the year ended 31" March 2025
5. Costs of Charitable Artivities
Mum2Mum
New Mum
Gifts
Courses
Totcyde
Hope
Café
Staff Costs
Refreshments
Gifts for Mums
Resources and
equipment
Christmas Party/
Gifts/Hampers
Promotional
Materials
Totcycle Topup
Grants
Rental
Depreciatlon
Support Costs
(note 12)
Totsi costs
3.942
103
985
4.927
213
12.810
7,883
27
80
13
13
13
13
1,847
654
450
150
167
2,105
526
2,631
4.209
6,163
2.326
8,261
22,331
12,335
Outreach
and Events
121
Project
Support Repllcation
ubs
Total
2025
Total
2024
Staff Costs
Refreshments
Gifts for Mums
Resources and
equipment
Chr15tmas Party/
Gifts/Hampers
Promotional
Materials
Totcycle ToTrup
Grants
Rental
Depreciation
Support Costs
{note 12)
Total costs
3,942
55
2(K)
29,562
614
4.927
1,971
70.949
985
I,(NJ2
60,937
976
1,852
1,161
596
1,344
3.208
949
2.784
2,784
1.500
13
13
13
13
117
333
1,847
654
2.760
19.489
225
20,089
660
18,732
660
268
2.105
15.785
2.631
1.052
37.884
29.525
10,260
66.284
7,571
4,648 140,179 118,224
£77.917 of the costs of charitable activitie5 were charged to restricted funds [2024- £81.481).
Page 28

The Princess Project Annual Report and Financial Ststements for the year ended 31" March 2025
Notes to the Accounts (continued)
For the year ended 31st March 2025
6. Net Movement in Funds
Net movement in funds is stated after charging:
Total
2025
Total
2024
Independent Examination
Accountin8 work by
Independent Examiner
Depreciation of owned fixed
assets
965
937
965
937
1,233
703
7. Tanglble Flxed Assets
Equlpment
Totsl
2025
Equipment
Total
2024
Costs
As at I" Aprll 2024
Additions
As at 3151 March 2025
6,383
1.590
7.973
4,773
1,610
6,383
Depreclation
A5 at I"April 2024
Charse for the year
As at 31st March 2025
5.142
1,233
6.375
4,439
703
5,142
Net Book Value
As at 31" March 2025
1.598
1,241
As at 31st March 2024
1,241
334
Page 29

The Princess Projett Annual Report and Financial Statements for the year ended 31 March 2025
Notes to the Accounts (continued)
For the year ended 31st Marth 2025
8. Debtors
2025
2024
Gift Aid Tax recoverable
1.028
1,679
1,028
1,679
9. Credltors: amounts falling due withln one year
2025
2024
Accruals
Other taxes and social security
Other creditors
Deferred Income (notÈ 9a)
562
562
9a. Deferred Income
2025
2024
Brought Forward at I" April 2024
Released in the year
Deferred in the year
Carried Forward at 31$1 March 2025
10. Related party tran&ittions
None of the Trustees re￿iVed any ￿muneratIon durin8 the year (2024: none).
Page 30

The Princess Project Annual Report and Financial Statements for the year ended 31" March 2025
Notes to the Accounts (continued)
For the year ended 31 March 2025
11. Staff Costs
2025
2024
Wage5 and salaries
Social security costs
Pension costs
91.470
4,547
2,523
98,540
78.758
3,689
2,188
84,635
There were 8 employees during the year (2024: 8).
The full balance of the Employer'5 National Insurance Contributions of £4.547 was met by the annual
employment allowance.
No employee received a salary exceedin8 £60,000 durin8 the year {2024'. none).
Page 31

The Princess Project Annual Report and Financial Statements for the year ended 315t March 2025
Notes to the Accounts (continued)
For the year ended 31st March 2025
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:
2025
2024
Mum2Mum Befriendin8
New Mum Gifts
Parenting Courses and Groups
Totcycle
Hope Cafe
Outreach
Hubs
121 Support
Mum2Mum Replication
Cost of raising funds
2.105
526
2,631
6,840
4,209
2,105
15,786
2,631
1,052
1,052
38,936
2.871
410
1,640
5,331
820
2,460
10,252
3,691
2.050
1,230
30.755
18
11
40
100
Support Costs were made up as follows
2025
2024
Staff Costs
Prlntin& Postage and Stationery
Volunteers, expenses
Webslte costs
Travel
Phone and broadband
OffJce costs
Insurance
Governance costs
25,620
193
163
180
2.676
552
6,877
415
2.260
38￿36
21,159
246
480
164
1,558
585
3,572
331
2.660
30.755
Governance cost5 include the donated services of the Independent Examiner and the costs of
5afeguardlng Support and DBS checks.
Page 32

The Princess Projett Annual Report and Financial Ststements for the year ended 31 March 2025
Notes to the Accounts (continued)
For the year ended 31st March 2025
13. Unrestrirted Funds
2025
2024
Balance brought forward
Net movement in funds
43.373
(13,605)
40,865
2,508
Balance carried forward
29,768
43.373
14. Restrlcted Funds
Asatl"
Aprll 2024
Income Expenditure
As at 31rt
March 2025
The Blg Give
Colyer Fer8uson
Kent Community Foundation
CFcf Hardship Fund
Souter Charitable Trust
Involve
Cobtree Trust
Tesco
Benefact Trust
Sheerness Town Council
Magnify
National Lottery
Henry Smith
Tonbridge and Malling Borough Council
8.796
20,(KM)
15,0(X)
5,253
15.520
14,702
3,543
9,017
3,298
4,537
2,196
1.876
1,200
681
2,217
2,530
6.403
2,446
917
950
10,117
4,122
8,990
3.750
77,917
1,179
27
3,597
571
917
4SO
1,875
11,999
15,254
10,OCKJ
3.750
94.055
1,882
11,132
1,010
18y8
34,686
Page 33

The Princess Projett Annual Report and Financial Statements for the year ended 31tt March 2025
Notes to the Accounts (contlnued)
For the year ended 31st Marth 2025
14. Restricted Funds (continued)
We received £4,CX)5 in match funding for our online Big Give Women and Gir15 Match Funding
Campaign from the Bis Give Trust. towards our core work.
We received the first instalment of a 2-year grant from Colyer Fergusson Charitable Trust, towards
our core work including the Mums, Voices project.
We received grants from Kent Community Foundatlon. through their organisation funding stream,
from the Weardale Fund In September 2025 and Vanquis Social Impact Fund in November 2025,
towards our core work, including staffing costs. This income has been applied towards the runnlng
Costs of our services included within charitable activities.
Souter Charitable Trust awarded us a grant in December 2024 to allow us to develop the Stsff
Wellbeing Review Programme.
In January 2025 we were awarded a grant from Cobtree Charity Trust towards our core work in
Maidstone (specifically staffing costs). This income has been applied towards the runnlng costs of our
seniices included within charitable actlvities.
We received a 8rant from the Tesco blue token scheme for TotLycle. This income has been applied
towards the running costs of this work {storage costs, and purchase of Totcycle items for familie5)
included within charitable activities.
We received a grant from Sheerness Town Council to pay ft)r new racking for Sheerness Totcycle.
This income has been used for this purpose and included within charitable acrivities.
We received the first instalment of a 2-year grant from the Magnify Foundation, to enable us to
replicate Hope Café across all of our Hub locations. This income has been applied towards the
running costs of our services included within charitable activitles.
We received a grant from the National Lottery Community Fund (Awards for All) to expand our
programme of Babies Matter course5 over 2 years. This income has been applied tOv￿rdS the
running costs of our services included within charitable activities.
The Henry Smith Charity awarded us a 2-year grant towards the cost of running our Mums. Hubs and
Totcycle. This income has been applied towards the running costs of our services included wtthin
charitable activities.
We received a Erant from Tonbridge and Malling Borough Councll towards the cost of running our
Tonbridge Hub and Totcycle. This income has been applied towards the running costs of our seniices
included wtthin charitsble acttvities.
Page 34

The Princess Project Annual Report and Financial Statements for the year ended 31" March 2025
Notes to the Accounts (continued)
For the year ended 31st Marth 2025
15. Analysis of Net Assets between Funds
Tanslble
Flxed Assets
Net Current
Assets
At 31 March
2025
At 31 Marth
2024
Restricted Funds
Unrestricted Funds
34,686
28.170
34.686
29,768
18,548
43,373
1.598
1,598
62,856
64,454
61.921
16. Reconciliation of net movement in funds to net cash flow from operating activitles
2025
2024
Net movement in funds
Add back depreciation
Less gifts in kind-fixed assets
Decrea5e/(Increa5e) in debtors
Increase/lDecrease} in credltors
2,533
1.233
(1,791)
703
652
561
{320)
(150)
Net cash oufflow from operating actlvities
4,979
(1.558)
Page 35