Chariry r¢gisiration number.. 1190102 Project Access International known a5 Project Acce5S Annual R¢pK>rt and Finan¢io1 Staiements for the Y¢aT Ended 31 D¢tember 2024 Latnbcrt Chapman LLP Chartered AceountaThts and Ststutory Auditors 3 Warners Mill Silks Way Btaintree E55eX CM7 3GB
Proje¢t A¢cess International known a5 Project Acce55 Contents Ref¢ren¢e and Administrative Details Twsie¢s' R¢port 2to5 Statement of Trustees, Responsibilities Indcpcndent Examin¢T'S Report Statcmellt of Financial Activitie5 Balance Sheet Notes Lo the Financial Statements Ioto 16
Project Access InternAtional known 4$ Project Access Reference and Administrative Details Trustees E B Len, Chairnian Dr E J Tomlinson J With-Fog5tTUP R Probsl W Del PilarJr E Tasholli L Loyttyniemi Chief Executive Officer L Popp CILarity Registration Number 190102 CorreswTrnden¢e Iddress clo Latnbert Chapman LLP 9 Perseverance Works 38 King51and Road London E2 8DD Independent Ex•mln¢r Mark Pearson FCA Lambert Chapman LLP Charteied Attountants aJ]d Statutory Auditors 3 Warners Mill Stlks Way Braintree E55¢X CM7 3GB Bankers Wise Payments Limited Shoreditch Oth Floor The Tea Buidling 56 Shorediich High Street London El 6JJ Pa8e I
Project Access International knowll as Project Aceess Trustees, Report Th¢ trust¢¢5 present the annual report together with the financial statements of the charity for the year ended il Detember 2024. Objectives and #ttivtties Objerts oinL¥ To advance for the public benefjt the education of less privtl¢g¢d young p¢opl¢, including (but noi Itmit¢d tol. by making 5¢rvices available to thcm with the partlCLilar aim of helpin8 them gain places and succeed al universiti¢s, colleges or insti¢uiions of higher ¢du¢ation, and advance anto fvrth¢r studies or employment bcyond graduation. Thc charity's main activity is the delivery of its of peer-to.peer m¢nlorship progTamm¢ 5UPP)rtittg bencficiari¢5 xr055 Ihe WOTld itl applying to univ¢r51ties. Ill addition, th¢ charity 15 hosting events including &pplication knotcamps. events advancing access to careers athd employtneDL and training/rom]nunity evetlts for its volunt¢¢rs. All servi¢¢$ provided by th¢ charity foT less privileged young people are free for such individuals. FMndrni&ing disc1o5Nres Th¢ organisation is committed to follow the Know Your Donor guidance and tools produced by the Chartties Commission, to ensure that rules are folloi¥¢d and that ldItIOnS atta¢h¢d to donations ar¢ not violating ru1¢5 or b¢st pwtjf¢5. Specificly. th¢ organisation's Finance Team will evaluate incomiTh8 donaitotts and inteThene if it assesses thai further investigation is netessary or determine that th¢r¢ 15 a risk. PMblic benefit The charity airns io help less privile8ed students apply to top uThiv¢rsiti¢s through a t¢G]p¢nabl¢d tn¢n¢orship. L¢ss privileged $tud¢J)ts are l¢ss lik¢ly to apply to lop universities and struggle to finance their education. The chariry's progrdm includes one to one mentorship, hints and tlps relating to the application process and provide5 a connection to other m¢ntees from all over the world. The trust¢cs have regarded the guidance issued by ihe Chariry Commission on public benefjt. The irustees confirtn that they hav¢ ¢otnpli¢d with the requirem¢nt5 Of sectson 17 of the Charities Act 2011 to have due re¥ard to the piiblic benefjt giiidance published by th¢ Charity CotnrDi55i0n for England and Wal¢s. Use of volunleers The ctlarity has two types of volunteers COntribting to th¢ succ$ of th¢ ¢hariry. The charity has i¢sm volunteers helping with the charity's main 0ratiOnS and metktor volunteers helping less privile8ed students Imenteesl gain admission to top unjversities. colleges and oth¢r iTrstitutjQ115 of high¢r education globally. 257 ncw m¢ntor5 joined the charity and 193 team memkrs voluntccrcd for the organisation during the year. Page 2
Project Aecess International knoiyn as Project Access Trustees. Report (continued) Achievement$ and performince Proje¢1 A¢¢ess continues to deliver successful mentorship programmes with 863 active pairings for 768 m¢nt¢es and 257 new mentors during the year to help students from less privil¢g¢d backgrounds advance into top higher ¢duration ir)stitutions. Mentors and mentees were active in 134 countrie$ in undergraduate, grnduate, postgTaduat¢ study levels. The charity provided bwtcamp5 llj several countries ijicluding Austria, Gejmany, Finland and Denmark. The chariry ¢ontinues to support under represented youth in 8ainin8 admission to prestigious highet educatiorl instituiions. High-achieving less-piivileged siudents #re less likely lo apply to top universities and collegeg. Given the clialleng¢5 t11¢5C Students face in Securing admission, fundin¥, 01 even deciding to apply, the ¢harity'S tnertiorship offer5 benefjis including psychological support. information guidancc, and application advice. The or8anisation had a goal of recruiting 150 new mentors but well exceeded the number and successfully recruiied 257 n¢w mentor5. Project Access raised £148,95 1 in FY24, th¢T¢ was no expectation of any sp¢cifLC amount of funding tts be received. The futtds raised wcre primarily through donations and patherships. Financial review Policy on re5ervc5 The charity'5 persisten¢¢ in helpiDg1¢5s privileged young sthdents secure admi55ion in top higher education institutions has re5ulttd iTh a relatively strong y¢ar-end financial w51tion. Th¢ Gharity wntinucd to cxecute its fundraising strategy with a fo¢u$ on fundraising events, individual donations and partnerships, thus maintairting the charity's long-ttrm 5UStainability. It is the aim of Projeci Access Internationil to hold r¢5erve5 on th¢ unrcsiricted funds of between thr¢e to six months of op¢ratin¥ ¢Kp¢nditure at any point in time. in line with 8uidon¢e from ihe Charity Commission. At the Balance Sheet date. the charity has available r¢5¢rYcs of £106,278. PrinThpol[unding sources Coll¢g¢s of the University of Cambrtdge was the primary sour¢¢ of funds. Donations and contributions were sourced rrom ptivate individua15. corporates, donation schemes within companies, and philanthropies. Fundraising events SUCtL Is the fimdraisin8 dirttL¢r also rontributed futLd5. IvleR¢POlIcY qmdobjeclives The charity did not make any fill2n¢ial inv¢s¢ments in ihe period ¢tsneerned. Going concern After making appropriate enquiries. we have A reasonable expectation that the charity has adequate resources to ontinue irh operational esten¢t for the foreseeable future. For this re¥on, w¢ ¢oNtinue tts adop¢ th¢ goitlg concern basis in preparing the finart¢ial stattTnents. Page 3
Project Access International known gs Project Access Trustees, Report (continued) Trustees and offi¢eTS Thc trustees and offjcers seThing during the year and since the year end were as follows." TTUSt¢cs.' E B Las5¢n. C1Jaimian Dr E J Tomlinson J With-Fo8strup R Probst W Del Pilar Jr {appointed 25 F¢bruary 2025) E Tasholli (appointed 25 Febtwary 20251 L Loyityrti¢mi lappoitited 25 FebNary 20251 N Lee {appointed 25 Febrnary 20251 S¢nior Management l Leadership Team". L Ptspp Structre• governance and management NothtÉ ofgoverning document The Chariry is a Charitable Incorporated OrBanisation. regisieted on 24 June 2020. and is governed by the Fou#dation Model constitution. Recruilmenl tTndoppoinlmeAt ofir&sie¢s N¢w trustees are elected by the ¢xisting board of trustces according to our constitutioh. Election of n¢w trustees will only take plaee after a thorough review process where multiple factors ar¢ considered, iTrcluding but not limited kn.. - th¢ tyust¢e's previous experience. - the trustee's network. the tru51¢c's skill-ali8nmenl with curre]Jt prioritie5 of the charity. and more. New trusiees undergo an onboardin8 process ih)t ¢tsv¢r5 th¢ area5 Tecommended by the Chariry Commission along5id¢ a thorough introduction to the charity's pro8rams, policies, COTe ream members and strategy. Pa8e 4
Project Access InternAtiollal known as Project Aecess Trustees, Report {eontinued) Projeel Aecess International initially had three Trustees. At th¢ ¢ury¢nt timt, th¢ arE ¢ight Trustees who are shown on page l. We have a delegation of authority policy in place which outlines how the chariry makes decisions. Th¢ p)licy covers de¢ision making in all areas of the charity, ¢laTifying wtlirh d¢ci5ions arc reserved to the board and the scope of decisions are delegated to the Chief Executive or Global Leadership T¢am. All opetttional de¢isitsn5 within the decision remit of the Global Leadership T¢atn. In addition, th¢ cliarity has Finance Policy which sets our limits and Conditions WhebY the Chief Executive and Global Leadership Tearn are authorts¢d to cotnmit the charity to incur expenditure within the appiov¢d atlnual budget plan. Our Trusi¢es have a fiduciary responsibility for Project Ae¢¢ss lDternational and provide strategic OVeT518ht and direction. Trustees have T¢¢eived no remuneration. financial benefjts. any other ¢omp¢ns*ion (pr any b¢nefii in kind. Muj&r nsk5 andmuftagepneni ofrhos¢ risks Risks are considered by the Trnstees (pll #n ongoing basi5. The charity holds a Tisk register wrth an overview of potential risks, the potetLtial impact of th05¢ risks and ratings of th¢ir likelihood. consequence and PTiority lev¢l. The risk register 15 evaluated and amended periodically. There are several principal Tl5k5 aGT055 s¢ven kcy catcgories.. financial, operational, compliattce, 8overnarLG¢, environmentlexternal. strategic. and people. Principle financial risk5 include dependency on specifJ¢ ittcome Sources and the potential for fraud or error. Operdlionally, the charity 15 Potentially at high risk due to the secutity of its assets, ineffectiv¢ tnanag¢tn¢nt, a decline in PTodu¢t quality, poor communtcation and knowledge managern¢nt, and low quality of impact analytics. Complian¢¢ risk5 are hi8h in area$ suGh a5 procedural and systems documentstiojj, safe8uarditsg iegulation violations, GDPR br¢a¢he5, Ind failure to adhere to internal polirie5 Regarding governance. there are high potential risks related to ensuring lh¢ I$t¢¢ body has the necessary skills and coThmitsll¢nt, as well as maintaining strong trademarks, copyrights, and intellectual property security. Principle environmentavexternal iisks in¢lud¢ th¢ r¢lationship with funders and university policy chan8es. People-related hjgh pot¢ntial risks involv¢ high d¢p¢nd¢ncy on individual team members and ineffeerive ortiwding ond training stNctures. The annual report w&8 approved by th¢ trustees of the charity on $i8ned ort its behalf by.. October 26, 2025 E B LaSn Trust¢¢ R Probst Trustce Page 5
Project Acce55 International known as Proje¢¢ Access Statement of Trustees, Responsibilities The trustees are responsible for ptepartng ihe trtJste¢s' T¢POrt and th¢ fJnan¢iAI stat¢menrs irt ac¢ordance with ihe United Kingdotn Accounting Standards (United Kingdom Generally Accepted AccounlinB Practice} and applicable law and regulations. The law applicable to charities requires the trStee8 to prepare finat)¢ial st21ements for each financial year which give a tru¢ and fair view of th¢ 5tat¢ of affairs of the charity and of the incoming resourccs and applÉcation of resources of the charity for that period. In preparing these finattcial statements, the tnjstees are required to.. 5¢1¢rt suitable accounting policies and then apply them consistently: observe the methods ond principles in the Charities SORTr. make judgements and exiim&tes that are reasonable and prudenr. 5tat¢ whether applicable accounring standards have been followed. subject to any material departurcs disclosed atid explained in th¢ flnancial 5tat¢mcnt5', and prepare the fjnancial Statements on thc 80in8 concern b&%15 unkss It 15 inappropriatt to presume that th¢ charity will ¢ontiNu¢ in busines5. The trustees are responsible for keeptAg proper accoutstillg records that disclose ivith reasortable acct1ra at any tim th¢ fJn8nci81 position of the charity and enable them to ensure that the financial sratements comply with the Charittes Act 2011. the Charities (Accourtts and Rep)rtg1 Regulations 2008. and the provisions of the ¢ott$tituiion. The trustees ar¢ also responsible for 5af¢guarding the assets of the charity and henee for taking re&sonable steps for the prevention and detection of fraud and oth¢r irr¢gularitl¢5. The trustees are responsible for the maintenance and inie8rity of the eorpora and finJcial inforniation included on the charitable cotnpany'5 w¢bsite. Legislation governing the preparation and dis5¢mination of finan¢ial stst¢ments may differ from legislation in other jurisdictions. Approved by the tNstee$ of the charity on .......................Q. .ctob8r 23. 2Q25........................ and 5ign¢d otl its behalf by.. E B Lassen Trustee R Probst Trust¢r Page 6
Project Acce International known as Project Access Independent Examiner's Report to the trustees of Project Aceess International I reportto the trust¢¢s on my examination of the accounts of Pn)ject Access International for the year ended 31 December 2024. Responsibilities and basis of report As the charity trustees of Project Access Internat2onal youare responsibl¢ forthe preparation ofthe accounts in accordan¢e with the requirements of the Charities Act 2011 {'the Act.). I report in respect of my examination of ihe Project Access Internaiional's ac¢ounts carried out under 5¢Ction 145 of the 2011 Act and in carrying out my examinA¢ion I have followed all the applicable Directions given by the Charity Commission under sertion 145{5Nb) of the Act. Independent examiner's Stgtemtnt I have completed my examittation. l ¢otLfirnJ th74t tK) material matters hav¢ ¢om¢ to my atkntion in connection with th¢ ¢xaminatiort givin8 me cause to believe that in any material ttspect.. accounting records were not kept in r¢spT of Project Access International as required by section 130 of The Act. OT 2. the ac¢ounts do not accord wrth those records; or 3. the a¢¢ounts do not comply with the accounting requirements Concerning ihe fortn and content of accounts sei oui in the Chariiies (Accounts and Reports) Regulations 2008 other than any requirement that the accounts giv¢ a'true and fair view, whi¢h is noi a matter ¢on5idered as part of an independent ¢xaminarion. have no concerns and have ¢om¢ a¢ross no other matter5 in connection with the examination to which attention should be drawn in ihis report in order to enable a proper understanding of the accounts to be rtached. Aafk ¢knr50n Mark Pearson FCA Lambert Chapman LLP Chartered Accouniants and Statutory Auditors 3 Warners Mill Silk5 Way Braintr¢e Essex CM7 3GB 27 October 2025 Page 7
Project Acces5 International known as Project Acce5S Ststement of Financial Activities for the Year Ended 31 Deeember 2024 Unrestrieted fund$ Restricted funds Tot#1 2024 Total 2023 Note Income and Endowments from: Donations Charitable a¢¢iviti¢s Other trading activities 1,184 l47.767 87 1,184 147,767 87 397 11.850 Total in¢ome 149,038 149.038 12,247 Expenditure on: chtable activities 50,8221 150,822) 113,664} Total ¢xp¢nditUTC 150,8221 150.822) 113,6641 Nei tncomel1expenditu} 98,216 98.216 N¢t movement in funds 98,216 98.216 {1,417} Retontiliitlon of fuud$ Total funds brought forward 8,062 4.910 12.972 14,?89 Total fi]nds carried fotivard 13 106,278 4.910 12,972 All of the charity's activilies derive from continuing operations during the ab(pve p¢riods. The funds breakdowll for 2023 ig gILOWtL in tLOte 13. The notes on pages 10 to 16 forni an integral part of these finan¢ial statements. Page 8
Project Access International known as Project A¢cess (Registration number: 1190102) Balance Sheet as at 31 December 2024 2024 2023 Note Current assets Debtors Cash ai bank and in hand io 3,900 109,580 13.950 113,480 13.950 Creditors.. Amounts fxllithg d¢ within 4)De ye*r Net W$5ets 12 2.2921 9781 12.972 Funds of the ¢h4rSty: Restricte(l incomt funds Restricted funds 13 4.910 4.910 Unrestricted intome funds Unrc5tricted fvnds 106,278 8.062 Total funds 13 12,972 Thc financial statements on p28e$ 8 to 16 w¢rt approved by the tru5t¢e5. and authorised for i55U¢ b¢half by.. atld signed on their E B La55¢n TTUSt¢¢ R Probst Truste¢ 26/101102r The noi¢s on pages 10 to 16 form #n integral part of these financial statements. Page 9
Project A¢cess International known as Projeet Aecess Notes to the Finan¢ial Statements for the Year Ended 31 December 2024 l Accounting polities Statement of eornpll2ttoe The fjnartcial statements have been piepaied in accordance with ihe second edition of the Charities StsicTn¢nt of Remmended Practice issued in October 2019. the Financial Reporting Starard applicablc in th¢ Unit¢d Kingdorn and Republi¢ of Jr¢lond ffRS 1021 and the ChaTiii¢S A¢1 2011. Bgsl$ of preparatlon Project Access Int¢maiional meets the definition of a public benefit entity under FRS 102. The a¢¢ounis IfLnan¢i&l statements) have b¢en prepared under th¢ historical cost convention with i¢¢]ns recogrtised at cost or transaction value unl¢s5 Qtli¢nvi5¢ 5tJt¢d In th¢ r¢l¢vant tK)t¢l$l to these accounts. Going collcer The trustees consider that there are no material uncertaintiC5 about the charity'5 ability to Gotttinu¢ a$ a going con¢¢m. Judgements Apart from those judgements involving ¢stimatior)s. the man&gement team have noi made any judgements in the process of applyin8 ihe entity's actouniing wlicies that have signif1cant effect on the amounts recogniscd in the accounts. Key sollrce5 of estim&tioD untert4inty There are no key assumptions conceming the future or other key 50urcts of estirnatioTr un¢¢rt2ittty at the tepojting d*¢ that h#v¢ a significant risk of causing a materi21 adjusimetti to the canying amounts of assets and liabilities within tlie next reportin8 period. lllcome #nd eThdowments Voluntary income includin8 donatjons, gifts, legacies and grants that provide core funding or aTe of & general naNre is recognised when the charity has ¢ntitlemeni to the in¢om¢. li 1$ pn)bable thai the tticome will be received and Itle amouni can be meL%ured with sufFicien( reliability. Dollorfons ondlégllcies Donations and legacLes are recognised on a receivable basis when receipt is probable and the amouni can b¢ Teliably mellred. The or8anisation is committed to follow the 'Know Your Donor, guidanr¢ and t(K>ls produced by The Chariry ComTnission. io ensure ihgt wles are followed atjd that cottditions attxhed io donations are not violating any Nles or best pra¢tL¢¢S. Sp¢¢ifJ¢allyy the oigonisatioo's fjnance team will evaluate incoming donations and interv¢n¢ if it as5e55e5 thai furthcr investigation is n¢ctssary or detemiine that there 15 a risk. Oiher iroding acliwlies Other trading activity income is reco8nised on a receivabl¢ ba515 when the ir¥¢orne is re¢eived in the bank. Pag¢ 10
Project Access International knowll as Project A¢¢ess Notes to the Financial Statements for the Yvar Ended 31 December 2024 (eontinued) Choriioble In¢ome is received frotn partnets of the Charity for the referral of Sdents to ¢oll¢g¢$ and univu$iti¢s. This is recognised when receipt is probable, measurable and wh¢n the Charity 1$ entiiled to the income. Exptnditurt All expenditure is Te¢ogni$¢d on¢¢ ihere is a le881 or constructive obligation to that expenditure. it is probable settlement ts required and the noiinl can be measured reliably. All costs ar¢ ollorated to the applicable expenditure heading that aggregate similar cost5 to ihat category. Where costs cannot be directly attrjbuied to particular headings th¢y have been allocated ott a basis con$isteni with the use of resources. with central staff costs allocaied on ihe blS of time spent. and depreciation charges allocated on th¢ portion of th¢ asset's use. Other support costs are allocated based on th¢ spread of stsff w5t5. Charilable Charitable ¢xp¢ndi¢ure ¢omprises those costs incurred by the charity in the delivery of its artiviti¢5 and S¢TViG¢S foi its benefjciaries. It includes both c0515 that can be allocat¢d directly to Such activities and those costs of an iThdirect nature nece55ary to support th¢m. 5pport Costs Support costs include central functions and hav¢ bcen allocated to actiwty wst ¢ai¢goTi¢S on a basis consistent with th¢ use of resourGes. GoveTnnee costs These include th¢ Cosis atttibuiabl¢ to th¢ ¢harity's compliance with constitutional and statutory reqvir¢mettts, in¢luding accountancy and independent examination fees. Taxation The charity is potentially exPt from tuatioTh to the extertt that income or ¥ains are applicd exclusively to charitablc purpo$¢$. Trxde debtors Trade debtors are amounts due from parthers of the Charity for the referral of Stt¥den¢S. TTad¢ debtor$ are reeognised irtitially at the transaction price. They arc subsequently Tneasured at amortised cost using the effective inicrest m¢thod. less provision for impairm¢nt. A provision for the impairment of trad¢ debtors is estsblished when there is obj¢ctiYc ¢vid¢nce that lh¢ ¢tL8rity will not b¢ able collect all amounts due according to the original ierms of the CeIvable$. Cash and ca$h ¢qlliv91enf$ Cash and ¢ash equivalenis ¢ompri$e c&sh on hand attd call detK>51ts. Pagell
Project Access International known as Project Access Notes to the Financial Statements for the Year Ended 31 Deeember 2024 (Continued) Tr#de creditors Trade Creditors are obligations to pay for good5 or servLC¢5 that hav¢ beett acquired in the ordinary cours¢ of bwiness from suppliers. Accounts payable arc classified as cuttent liabilities if the does not hAV¢ an unconditional i, at the end of the reporting period, to defer settlement of the creditor for at l¢a5t twelve months after the rewrting date. If Ih¢re is an unconditional right to defer settlement for at l¢ast tw¢lv¢ months after the reporting dat¢. th¢y arc PTescnttd as non-current liabilitLeS. Trade CTeditor$ are re¢ognised ithiiially at the transaction price. Fund $trudure Unr¢s¢ri¢ted inco¢ funds are 8eneral funds that are available for use ai the trustees, discretiotl in fvrth¢rancc of the objectives of the charity. Restrirt¢d incom¢ funds are thos¢ dotsakd for use in a particular ar¢a OT for specific purposes, thc use of wh2ch is restricted to that area or purpose. 2 Jn¢oth¢ from dokntkons and leg¢ios Unre51ri¢ted funds General Restricted funds Totgl 2024 Total 2023 Donotiotts and le8acies' Donations 1,184 1,184 397 1,184 1.184 397 3 In¢ome from ¢harit4ble a¢tivitie8 Unrestricted fund$ General Restricted funds Tot*] 2024 Total 2023 Mentor programme Partnership in¢om¢ 23.850 123.917 23.850 123.917 11,850 147,767 147,767 1,850 Page 12
Projeet Access InterD4tional kttown as Project Access Notes to the Financial Statements for the Year Ended 31 December 2024 (continued) 4 Income from other trading activitie5 Untrestritttd funds G¢knerg1 RestTiCttd funds Tot#1 funds TotAI 2b23 Other income from other trading activities 87 87 87 87 S Expenditure on ¢h*ritAble #¢tivitie$ UThrestricted fund$ General Rt$tritted funds Total 2024 Total 2023 Note M¢ntee dir¢¢t ¢osts Marketing loutreachl Country operations Campus events Mentorship platform Travel and subsistetLC¢ Team Event Consultsncy fees Voluntary honorarium Stsff enlertainittg Subscriptions Bank Charges Foreign curr¢ncy Igain5Flosses Insurance General expenses Staff training Governance c05t5 640 946 490 55 4.580 80 1,508 1.875 687 239 778 10,726 14.798 5,503 4.144 7,120 67 1,508 1,875 687 239 778 10,726 14,798 5,503 4.144 7.120 67 597 3,928 18 21 390 21 390 349 86 2.880 86 2.880 1,832 50,822 50,822 13,664 Page 13
Project Acce International known as Project Access Notes to the Finaneial Statements for the Year Ended 31 December 2024 (Continued) 6 Analysis of governance ind support C05t5 Governance costs Unrestricted funds Getteral Restrl¢t¢d funds Totsl 21124 Totfil 2023 Indqjendent examiner f¢¢s Examination of rhe financial stakments Other accourhtstLCy 5¢rvires L¢gal fees 2,292 528 60 2.292 528 60 1.782 50 2,880 2,880 1,832 7 Trusteu remuneration and exp¢nse5 No trustees, nor any persojis connected with them. have received ?ny rettLuDeration from the chartty durin8 the year. No tNstees I¥¢ r¢ceiv¢d any reitnbut5ed expenses OT any oiher b¢n¢fJts from the cljarity duritjg the year. 8 Independent examiner'5 reMneratiO 2024 21123 Examination of the financial staterncnts 2,292 Other fees paid to examiner Other accountancy service5 528 1,782 Independtnt ExamiTher'5 remunerntion 2,820 1,782 9 Tsistio The charity is a re8LStered charity and is thcrefore potentially exempt fro]n taxation. 10 Debtors 2024 2023 Trade debtors 3.900 Pa8e 14
Project Access International known as Project Acces5 Notes to the Finaneial Statements for the Yvar Ended 31 December 2024 {continued) I Cash And tash equiv#l¢n¢$ 2024 2023 Cash at bank 109.580 13.950 12 Cruiitor5: amounts falling de wltbln one yt4T 2024 2023 A¢¢Tuals 2,292 978 13 Fund5 Balance at I Jmnuary 2024 31 December 2024 Ineoming resour8 Resourte8 expended Trinsfers UnreJtritted funds Ge#ertsl GeTheral ,062 149,038 {50,822} 106,278 R¢$trict¢d funds Marsh Spa 4.910 4.910 Total funds 12,972 149,038 50,822 Balance at 31 Decembtr 2023 Bg1211te at I January 2923 Ineoming rejources Rt$oknre¢s expended Tr2nsf¢r$ Unrestricted funds Generql General 9.479 12.247 {13.664) 8.062 Restritted Marsh Spa 4,910 4,910 Totsl funds 14,389 12,247 {13.6641 12,972 Page IS
Project Access International known as Proje¢t Access Notes to the Financial Statements for the Year Ended 31 December 2024 (continued) The specifjc purposes for whiGh the funds are to be applied are as follows.. Restricted Funds Marsh Spa.. A balanc¢ of £4,910 was brought forward from the previous year. These funds relate to a Proj¢¢t Acce85 bootcamp in Italy and the remaining funds reported at the Balance Sheet date hav¢ not y¢t b¢¢n spent whilst the charity does not have a specific programme in place at the Tnoment, the Trusiees are aware that the ftlnds are restricted and. as such, these fvnds will not be spend for activitjes Outsid¢ of those agT¢¢d with the donor. 14 Analysis of net assets between fndS UnrestTjCted funds Cener41 Total funds at 31 December 2024 Restritted runds Currrnt a55et5 Current liabilities 108.570 (2.2921 4.910 113,480 {2.292) TotAI nct a55ets 106.278 4,910 Unrestricted fknhd5 General TotAI lund$ it 31 De¢ember 2023 Restricted funds Current assets Current liabiliti¢5 9,040 9781 4,910 13,950 (9781 Total net assets 8,062 4.910 12,972 15 Related party tran$a¢tlons Th¢rc w¢re no relatcd party transactiorts ith th¢ y¢ar. Page 16