Charity wistration number 1048584 The Prospects Trust (A Company Limited by Guarantee) Annual Report and Financial Statements 31 March 2021 Illl 11 *AAIXCN084 12rk021 COMPANIES HOUSE A15
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The Prospects Trust Charity reglstration nrnr Contents 1048584 Releferr and A<kninistrabve Details Trustees. Report 2toS ststemenl of Trustees, Resp)nsiknlities Independent EXinS Report Statement of Financaal Acbw"ttes Balan Sheet Notes to the Finanaal Statements IOto18
The Prospects Tnr¥l Relerenee and Administrative Det•il$ Maryaret 8endiThJ Paul Hamer Mcmulthn Jar Ketsh•w Margaret Kerry knjy Feather Suze Objfiebj Prin¢ipal Olhce Snakehal Fami Reach Cambre CB25 OHZ Company Registrntiory Nwber 7221 ChaY RegIstratIo Numb8r 1048584 Bonkers Bardays Bank 58 HiJh Streel Newnarkel CB8 8NH Independent Exwnln¢r webste CarnbrK LThited 10 well1rtOn Streel C8mbfK3e C81
The Prospects Tntst Charity registration number 1048584 Th tru$ttrS Fyesent the anNal report together ith the fin¢181 5temlS ol the charity for the year ended 31 M¥rGh 2021. Conslilulion: The ProSFeds Twst ts a Lttwitab c(xmpany limited by warantee. reg151ered charity number 1048584 constitLrted under a Memorwhjum & Artths of Asscriation updated 3hl Augusl 1995. ObjKtives •nd A¢livib# In setting obj'ectwes and planning for acbvibes. TnJse$ have 9iven ConsideratTr lo guidance published by the Charty ccnrnlss10n reiats.rs to Publ benefil. The objects ol the charty are: "To advance the educatth and pmnK¢e Ihe relf of persrns {C(WOrt(e) WIK) are vulnernble and who may be al iysk Ihf SLXi81 exdusN)n be¢8use oftheirage, physal or leaming disabltIeS or mental healllj through thè pmvisth ol trainiNJ woth opnItIeS in agiicullure. hrytiGullu ond lated subjects in the principles of good crfizenship so that suGh petsws Can d10p thr physical, mental and spiniual caprtIeS and wv to fuH m81unfy as mdUalS and n7embw3 of Our alms for achiev1r this are: l. Core Business: W¢ vill ccYrtiriue to ¢yeate and promote seasonal supported work opportunrties linked to skils projression and indNKlual asFMrattons. 2. Develop Snakehall Farni Sile & Fxilities: We VAII make Snakehall Fami the hub and heart of the organisation. 3. Income Generati4)n: We wll idenbfy ventures. and Ihat support our core enterprise and provide OFwrlunilies for Co-WLYkers, 4. Nurture Values and Ethos". We 11 ensure that the values and ethos Ihat gUÈ us are understood, shared and promoted. organisath)nal values are [trded on the charity website w4w.prospectstnJsl.org.uk higv¢m¢nts and Perfom)anc• {April 2020 to March 20211 This year has been the rnost th8lkrfjiNJ y for The Tmst Sin we OFned ow gales in 1989. We are pleased to report hsjwever thal due to the extraordinary commrtment of wr staff. Trustees. volunteers, parents and carers that we continued to provKle meanirvJful support f our C workers throughout the pandern and muttipbe national lockd(Avns. We a¢Japted our delivery metP)d$ and prowde¢1 outreach semces ol dw'ly weKare calb to C¢>workers and thèir families. ereated shc¥l ffilms so Co-wothers sbll fell part of ihe tearn and delNered Prospeds Parcels, a box lull ol farm and shop wjies. sea%)nal linked Xknvities and infomiatKJn packs. We welcomeLI our Co-worker5 b to our $ites in August. providing physKal F4acemenls again. muth to the relv&f of our siaff and cWOer teams who had ¥ery much missed each other. the rouline ol meaninglul k and being aciive. We adopled a tbble aT00th at Snakhall Fam. %ing in small leams in clOUred zones and redwed the numbw of Cfytkers attendry UnwraFved and the G8rdtrn Team to foifow social distancmg ruks. The accounts also present a slrong finanLial fesun de¥rtè thè challtngts la, lIding on the strong eStablisd ftxJNlatws of our fundws and the much-valued ojstomers of our Farm Shop. Garden Team arKI UnwrapFed. ueating a survive lo thme ojlture that everyone connected with. Our f*m, relail and care semces were classed as essential and as we contired to trade throughoul the year, seeing a huge spike in the number of customers during kKkdowns a$ people shopped local and used Jr delivery scheme at Unpped. Thank you also lo our Garden Team customer5 who CKbnlinued lo support us finanually while we were unable to arLess their gardens. A teslamenl to the slrong pubk SUPkKxI ofour charitable g(Ksd work.
Tho ProspKts Trust Charity registration Thumr Trustees. Report 1048584 The wrk frryn Irne diredNe severdy impaded our miniStratIve prcv$ses, however staff succeeded rn adaptiNJ pYttesse¥ al SleMS se$$. enabling The Trusl to Continue operaliro. We have become almost enkn.rely par free. tLY)sting our environmentslly fri8ndly impact inacfvertenlly. Trust was also VAT registered dumg Ihe year. ¥¥Tlh ntw systems intrOdUd by Finarte Team wilh the support of our acewrtt8rt5 bèirJ a wrtised tuming point forthè Trust. charoe forced (m us by Ctivid-19 became 0Fv)rrt arky Ihe Pro5$ Trust team rose lo the Ghallenge productively, SK¥UnSi1Y and aAlectNefy every time. The Hovel. our 3 Anniversary capital renovatw woiecl was completed lo create a modem breakout spaTr for C workers. we raised funds to Ffovtde a covered oyld(xx seating at Unwrappèd and we suctsssftjlty ¢omplèted the Ine & Culbvats Nq"ect, whith kk-started unwrap. Our Survive to Thrive appeal hdpe(l us build ouldc)r sheltets for our zones at Snakehall Farni and fvnd addrfwl hartd wa5hry Stalw$ arwj iolets. As an essential servtce. our fwm needed famiTrJ. our CLtslomers needed wowsions and our Co- workers nee(led supportirg. We accesse(l the C¢Xon81uS Job Retention Scheme cL¥)serv8tively dum)g ihe first thkdown and wish to thank the furloughèd Staff for t"r understanding and patsence. We woukl also like lo thank the lain staff fry Iheir adaptatylrty and working in Team A and Team B rotas. reducing hèadcounts on gles. reducing transmission risks and ensurin9 that we could all plough on wardless of the global pandem. Ow Teams worked kjng hwrs, in full PPE and went Ihe extra acre in ensuring thal the Trusl sto(>J $ute in the face mask of COVKI. Demonstratry the ad8ptst4.ity and resilien of Thè Prospects Trust. we init"¢ated a Green Volunleer Boot Camp al Snakehall Fam) for peOe t•tho were furfoughed themseeS, whh continued w Saturdays as our WeT$ relurwd. toth our sites ate now 6 Y operalions. Thé Management Team of Thè Trust Tr5hes to aCkrvAtdge the hands on SLTrPPOrt provided by the Chairman and the Truslee Board duiing the operalionally challenging brnes of Covid-19. never has the need been greater to have a stralegt dear fcKus. a tKJht grip on governance and a sUpt"Ve voi¢è of reason. Our Trustees all sSSfUllY moved from a fomial board meeting on site to a MS TEAMS virtual arena of feSpLV)swerS$, supporl and guidan. meeti frequently to >Jdres5 changirg Chge$ laced by our tharity. The Twstees on thw"r part wish lo thank the Managemrt Team and all the slaff for their Commitment. adaplabilty. patiere and sheer hard work. The team effort was tremendous and was what pulled the Twst through at a time when many smaller charities went under. Everyone involved should be immensely proud of their athievemenl whith rnet Ihe Trusi wa5 there for Cfyworters when the time came. Inevilable in times of enforced adaptw we have seen a nurnter o15tsffing CngS and we said gOab to a few key peopk ovèr the year. Some re-evalued thwr workjlrfe balance and some we were sadly obltgejj lo lel go becavse of COVID regulations. Signffjcanlly. we 3xid goodbye to e of ¢yJr fouThJing Trustees. Steve Elstub. who has fdlowed his dreams to York5hirts. We wish to thank him frjr am that he has ¢Jone for the 31 years and wish him well in his retirement. We wovided support to 54 individual C¢>workers during lockdowi and as an ¢yJldw seNt we saw a nurnbef of new refefrals. As testimony to cJr gro aTrJ supportive reach our Co-worker wwrnb¢rs increase(I 10 65 Feopkn at >Ear end. wlh athJth"onal referrals in Ihe pipeline. The cc¥nmibnent, adaplabilty. versakn"lity, ingenuity in the fxe of advergty arKI loyalty of all our people has been tnjty spiT1rs. Thank you to ewY0 vhbJ helFed The Prospects Trust survNe and indeed Thme.
The Prospects Trqt Charity registration number Trustees. Report Future Plans and Developments c$01latIOn 1$ (wji bLttzwtyd for 2021r22 as we strNe to grow ihe impact and lesscfis Seaml during COVICk19, Whi continuing to provtile specialised and meaningfvl wiyk opportunrtie$ for Co-workers. Developing and investsng in people wll rA)nlinuÈ to bè worrty. Wè arè building on the bubbles of CTrworkers. ueatin9 more oprKJrtunths a¢¥os$ our srte$ and proFe¢ts. As Snakehall Fam is ihe heart of our charity. we 11 be k)oking at ways lo improve the organic growing, responSie land use developiThJ new seasonal projects and provision for our C 'workers.. We really look forward to openirg up our fam gates tr) School groups. experiènee, cryp volunteering groups atst¢)mws as tt Cw"&19 parKbÈmic risk level dedines. The Pcospeds Trust Unlwapped will celebrate 2 years of trading in Seplember 2021. Setting up a new venture was a s¥Jntficant devekjpment for The Trust and we are kewng our focus on ensuring this fledgling enlerprise from strerwh 10 Strength, umwapping p)ssibilrties for people with addilrjnal needs vthilè eorbtinuing to build a sustalable customer focLtsed ethical business Wh S¥¢ase$ tyJr chanty on the Hhstree1. At management level, we te re-evalualing Ihe maro9Ement Strlre to d¢k0 speckalist rvles in with the rwds of Thè Tntst. At Board level we are fcoJsir¥J m our dr[tY governance u>ng the Chartty Govèmance Code lo shape our praclrs. In line with the WogreSVe nature of the Trust we will be working Wth a Pro- bong legal tearn to upde our mmalK1m and Articl•s and we will be aclNely seeking to recruit new Trustees In the year ahead. FTrnaneial Rèvièw At the end of Ihis financial ped. 31 March 2021. income for thi5 year amcwnted to £726.416 12020.. £6[b.11} and expewKJiturÈ amounted to t576.45412020." £591,kn1. Flnancial Reserves Polky.. The Trustees ayt eed a new reserves in January 2021. Ttstsl reserves agreed at £225.1.. of ¥&hich £175.W) 15 3 Thwth5 CQSts adversrty Teseive and £50.000 1$ a flexible r¢strve uftdtr Tfusteè 9¢)vemance to allow continurty during a period of UnfoSeen drfficulty. Genefal reserves ihis year are £292.738, as shrA¥n on the balartt sheet on page 9. Three months costs are £124.820 for year io 31 Mari 2021. The Trustees, at the ¢Jats of apwoving the rew)rt and accoJnts, will continue to focus Dn ways to remain true to Ihe purpose of the charty. minimising all charitabk exrlitUrÈ and ov•rseeing an enhared robLtst financial monit(xiwwJ 5y5tem. Th• Prospects Tfttst has no fund or sub&diary uTr*rtakwwJ thal i5.materialty in defic>t. Structure. Govemance and MageMent Pay Pollcy: The Management Commiltee. foThned of both Ihe Manage[r1 Team Trustees. responsible for directing, controlliNJ, running. and OFeraling the Trust. induding pay polw. The Trustees {directOTsI gNe Iheir twne freety aThJ no direcfor r¢ceNed remuneration in Ihe year. Trustaes art èntrtlÈd tts claim Èxpensts rdating lo travel or tfainiNJ fees, no transactKJns were made the year As a charity run with a lIalatIve ethos, the Trust has a CmanageMent structure of five cmanagerS who are paid in accordanrE wlh Iheir skills and experierKe as well as the joint resp)nsibiliiy of the daily managemenl of a cornplex chariiatAe organisatton. All staff are paid at Ihe living wage w above. Fundraising Activity: Tru51 emr4oyE a Stratw Devekjpment Mana9u 1h lundraisin9 experience and a provèn track record in donor and grant managernent. The Trust adheres to the fundrarsing princie$ of The Fundraising Regulator and all grant management 15 overseen by the
The Prospects Trust Charlty rggi$tr¥tlon number TN8t••' R•p¢)rt Twstee L)ard. The enwres Ihat any kndraw is 1. OFen. and respectfvl to Ihe th)nor5. DuriThJ this reF¥Nb"ng The Tntst used dKJital methcds through Local Gmng. F8book. and In partnership Wilh AvfvA Community Fund - Crowdfunder. The £re c(Nnplain15 rnaje regar(ling The Tw5t's frJndrasiThJ b¥h of the Coole of Fundraising nduct AJI don¢y ¢ats o)leded is in hne with GDPR 3ThJ vth agfeement fr¢)m the donor. Grt manag•nl Is &Jhered 10 by Tl Tru51 the Collrnanagernent responsjtde for dwly compliance and Me Truslee Board for slrategtc rev%w. M grants and doTrations are spent irn accudance temis and con¢Jtt5 of offer. Suppxxl frcrn grant gwers and friends of The Prospects Trust are and knthere rmirtieO. ojr charrty communication channels indudirKJ media. ¢ygan1sainaI nv•Aeiieis. as apww. ReENiknent and Appoirrtmert of H¥ Twusttt5." As staled ilhin the GoveThMng DLtuments. Tts Trust ¢omprise Cpf no rnrye Ihan 10 rKJ less Ihan 3 semng Trustees Iowtorsl. A TDJStees are sutyect to enhanced D8S cheth. pro)1 of kkntty and 2 refere$. Any new Trustee is inmted to attend a magernent Commrte Meetyrg tefcKe ting fcmally appunted on to the Board of Trustees at the Gwal Mts"TrJ cf ctscpted crto Ihe board at the next Management Commrttee Meetmg. Trustse Governance: Trustees are exFeded io wgage ilh Infrn tMSe The Prospeas Tnjst to gain an undwstaThJing of ts organ0 in prxtte. Trustees must UnderSnd all organisalKJnal poliaes and prrKAJures a5 well as thew kgal res[xylbllrtles f goLxJ governan a5 an apwnted guardi ol the ch¥ty before undertaing decision making on behav of the ganisat)n. Trustees %¥ill attend the Mwagement Commrttee Meetings. Annual General Meetirs and eryage pyoacbvely in at kast one of Ihe SuW)mmiirees". Project 8 DevebJprnw. Finance, EXpnen aThJ Human Rèsou5. The Pr¢i%)ects Tiusts h35 exerpt frrffl dLe. a1 no tur¥JF hBld a5 CJJ5tothn on behalf of othern. So fvJo4 IOZ I The annual rert was apprry& by tnffjtes of Charity w 21 1 and signeLI on its behalf by". marga Kewry Chainnart
Th• Prospècts Trust Charlty r¢glstratJon ntsmber Statgment of Tt5. Responslbiliti 1048584 The trustees are resrAx%trAe kn preparwwJ Ihe 11. the fwroal statements ' accordance w#h the Uniled Kid0M A¢>xunlry Standafds {UntsJ Kiry7 GeneTay Accepled Accounting Pvactice) and aprluble law and wulabons. The law applcabk io charities requires Ihe Iwstees to finantial statements for each finanual year whith give a and fair view of ts #ate of atsrs gf Ihe chwity of the incomiThJ resource5 and aptAKabon of resour ot the thwity hy ihat perthyj. kn preparirg these finanryal statements. the trustees a fequired to.. seknt suilat4e accoUn9 Fth"es and then aFWylhem thSt.. observe the melk5 prirK4Fles in Chatibes SORP.. make juilgements and estimates that are reasonable and WJent. state whether apF4icabJe ac£ountirvJ $tandards have been folbwed. subiect to any matertal departures discbjsed and expla'ned in the frnanaal stalements: and prepare the ffnarKial statemert5 the wng ccrfwn basis Unl it is wpproprote to presume that ts chanty in tW9"rss. The tnotees are reSnSIble for keeping woper ac£ounb"ng reeords thal ¢ths¢h)se vitr) reasonèbk accuracy at any b.me Ihe fina[1 positJn of the tharrfy and enaL4e them to ensure that the finanoal statenIS cornpty Ihe CharrtEs Act 2011. the applble Charit*B IAc4>)unl$ and Rewrtsl Regulations. and Ihe pro¥rs#Jns ol rx)nstiiutsrJn. The trustees are also $[KIn$l¥le fo safeguardiFyJ the assets of the charity and for t8kiThJ reason8ble step$ lor weventM)n and dEtection of fra1 a1 oltw Irreg8beS. 3 o Zgzi Approved by the trustees oflhe tharty on 21 1 and si9ned on ts I)ehr by". Mar9wet Kerry Chaim
The Prospects Trust Independent Examineeg Report lo the trustees of The Prospects Trust I reFNt on the acwjnts of the (wity for Ihe year ended 31 Marth 2021 whth S set out on page$ 8 to 18. RpeCti responsibilit of trustee5 and •xaminer The trustees are responsitAe the preparalion of the accounts. The Iru5tees consider ihal an audit is not required for this year undef s8th.on 14412} of the Chanties Act 2011 Ithe 2011 Act) and ihat an independerrt examination is needed. The charitys gross inojme exceeded £250.OLM) and I am qualified to undertakè the examin8lion by being a qualthed member of Ihe Asso¢iation of Chartered Certified Accountants. It is my responsikn.lrty to". examine the accounts uTrJer sec11 145 of the 2011 Act.. to follow the PrdreS laid down in the general Directions gr¥en by the Chty Commission under section 145{51(b) of the 2011 kl.. and . to sl wh&ttsr parti¢ular matters have ¢¢ffie to my attenti¢. Basls of independent examin•rfs report My examination was cafried out in accordance with the general Directions given by the Charity Commission. An examinakn indudes a re¥ of the 3eLounting records kept by the char¥ty and a comparison of the arLounts presented th those records. h also indudes consideratK)n of any unusual items or tjisdosures in the ac¢wn15. and seeking expLanats"on$ from you as trustees concerning any such matters. The wocedures undertaken do not provide all the evidence that wouhd be required in an audit and C¥)nsequenYy no opinim is 9i¥en as to whether the accounts present a'true and fair and the report is limrted to those matters set out in the next statement. 11)dend¢Tht oxaminges slatsm¢n¢ In conne1) with my examination. r*) matter has cryne to my altentn.. 11} which give5 me reasonable cause to lIeVe that in any material resW the uIreMe1'. to keep a¢cwnb"ng rwtjs in ac£ordan¢e wrth se¢b"on 130 of the charis Act 2011.. and to prepare accounts which accord wth the accountM)g records and comply Nhith the a¢counting requirements of the 2011 Act have not been met., or 121 to which, in my opirM¢)n, attenlion slw)uld be drawn in ryder to enatAe a proper understanding of the accourts to be r&iched. Gary ves FCCA Aswciation of Chartered ¢effied ACntrnts Websters Carnbridge Limite(I A tax, legal and accountancy ffimi 10 Wellington Street C¥mbrid9e CB1 1HW 21 Odcèer 2021
Stat•mant of Fln*nÈlaJ Aetivli th• y••r•n¢lgd 31 2021 T4ts1 Trtol In¢offle and EndoMnIv. O¢nab<yr6 and Wjts .461 101.01$ SS9.238 6.016 49.1t6 9.921 220 79.112 519.223 6.14) Irfrtsbment ir CO¥ gfdnts Pre VAT 8,018 49.1 615 962 80.454 726.416 6C6.1W) frjnts (IV.251) 111. 580.245 499.Z79 .175 1.305 9.736 159.698 11.230 1J4. 19.073 11.394) 153.9B8 142.788 Transf¢t8 fv Tclal fvrthcani&J 313896 153996 The hJrO3bieakotyhii&y2020i$swil 17
Th• Prosp•cts Trult Charlty r•gknatlon nwnb•r 1048584 Balan Shoot a• at 31 March 2021 2021 20 Tar¥Jit4e assets Listed investrnents 11 12 202T2 ,081 22,185 11.858 Olher j[re1 as¥ets C¥h * hwxl 13 14 108.395 118.709 2&).023 Crndllorn: amounts f4NSng d within on• year 15 fj801 (13241) 105.488 Il•bbllll•B 313. 153,998 313. 153.998 Unresthcted lunds 18 134.925 19,073 313. 153,998 Numb 31 an audit und8rseton 477 ofthe crynPan Act2[. cJ)mpanies s(tbie(I to $ffi tgxnpmnies re¢Jm& on 21 Octoter 2Q1 aThJ thw t•lW by. Naomi Ro Treasuror
ProBpocts Tmt Notes to the Ac¢ounts for th• y•ar •nded 31 M•rth 2021 1 A¢Gountlno polcl•s. The finantial slateTherts h3¥e been pPared ac¢oTdartt ith ACCtirA and ReporbryJ by Charihes." Slaterrnl of Recommernd Pr¥ti¢e apF&cat 10 rJwis their ents in aCa thè Finan¢J81 ReponirJ &andard aWK•Ye in 8rl Rewt4K of Irela IFRS 1021 leffectNe 1 January 2Q151- Charlies SORP IFRS 10211. Financièl Rwbry St¥Trtsrd UK of IrelaTha (FRS 10218TrJ Ihe ChaDis Aci 2011. B8818 ol prnparntlon The Prospecis T$t IlTlS ts def# ofa FRS 102. Atsets aThJ &•tslitses 8r•iThtial Ex•mptlDTr from Prery • c•Jh 11ty4J statqffl The charity opled to earty a(k)pt 2016 hwe OwefryE Mt a cash statement in $8 ffinanaal stateS. In¢omo and •ndowrw VoluDkry ¥Kome don•1¥. gin5. aj warts Ihai luThJry w are.of a general nature * recoll(sed charity enbkmert 10 thè wobat48 Ihaith8 iretAllI be re and the amoJni be measwed T suifwrt rel8t•'lrfy. Oonaiiort8 •nd 1•9a¢ tJnations and Wties reoJgW on a r8rlpi Is wobablg aTrJ the amoL•M can Ie relbty measuttrj. Investmtrrt incom• Interest ¢M ¢lÈposit ts indd and ts amoLml can be measfftd reli•bly by 11 anty". Ihs i% Mniially upffi of Ihe 1nterest p3vJ or payaDle by Ihe bank CivwJeThJs ¥e recogTr5ed +)nc¢ the dMdeTrJ has ts de0 ha5 been rÈceweO olfv¥wJeTrJ d. E¥pgndSlurg $8IVemeni Is reqwed aThJ awni can be aSure¢ rekaNy. cos15 are alknGaled to Ihe appltcab ?Mpetrfwe Ihal aporegaie ¢ts 10 ca. Whve c•sts cannot be dinGtty atlruted to partkular headin9$ IY have FAen alGai80 8 basi5 Ihe ol resou$. •lh central slaw cosis al¢x4led basis of IKne sFht. aThY deprec4tK)n charge5 Wled cffj tlje fft of Ihe assefs use. Other SLVPOrt C051$ ale allo¢d b•wJ spread rn5ts. c•bI• Ch81itable t4Sts th•r in ¢Jekvery ¢4 h5 ar servKts foT its beTfi¢ianes 11 incJLths t•lh costs that be ¢ecJy alb)Ca lo ac*¥ibes a1 Ij5e costs of an indirect nature necessary 10 SLWPOrt Ihpm. 10
Thp Prospects TN51 Noi05 10 tho Accounts for the yfended 31 Ilavch 2021 Theso Incj8 costs al¢nlxrtaty ¢0 chiWs LNsthititinal Stalutw rw4UIr•Trt$. TanglNv flx•d a89• Individual fixed asseis tt6ts¥J £1(K).C¥J LY mNe a al rtsl. 55 subseqwq acCLit¥d D•pr•cWon tkpreoab.on 1$ provkJed on lan91b fmed assets 50 as to ttff thÈ tost < vakAbon, &s esiim8ted du¥ rtArfvirweded $1 ecrybJnK as 1cl1." Plant and matrinÈry Motor ¥eme5 L¢a5ehokl ImwoN4$ 1fy20% str84hl 25% l8¥h1 Inv¢¥trgrt¥ In¥e$bment5 corryw In¥Ystnw in •quty tiiLti È naswed at fa val. Charges in f• are rec•gN5erf in ryofd or •8b an¥ u¥h •qufiv•lth Cash and cash equwalents ¢•5h •1 ral depoyts. ¢th2r s1th.tèrm Snvesknems Ihat en readty con¥ertitde lo a knwi of r•5h 4rAI are tts an knsb3rnr4nt fis ol Fund 8trKIw• Unresifthd IncMe lthls we Ih81 we a¥al fw w at lh• try5ts•5' in fi•trr%È of Ihe objedNes of the taThty. Fln•ncW InNm•nts pro¥isvJns of n5trumert. FinwnLial liab11rf aThJ eqth are dass6W of the arrangernerrts eniwed irto. An equity •ry conlwl th81 a re5kn1 intere51 e•S of thtr thatity after dÈduthNJ al of its Iiabths. JI fmancial asset5 IkibilitS t Med at transad•)n trln costs). excEpi r ¢Fose financiil assets das51 as at fr val trwh k)ss. rne8su at fair val lthich 15 nDrmalW ts transvJn exLLIr#j c£6ts1. ws$ fv 8rr8rwJemern constrtules 8 firnC9 tran5achDn. If an arraryefTrerrt wans•thM. the fm8Ni81 a$w ¢4 ffinaal liabilty 1$ m&iswEd at tr ytsit vdL of ts fuiwe pa)1$ ai 8 rn8rk rate rf Irdere51 fty a sirnilar debt inStrMent. Flnanrial 8ss815 aThY Iwlllth•s ar¢ ryty offset in Ihe 5tatem2rt of atsj orAy then t• ew$ts a enlwceatrAe Wl to set off recowmsed aThbDunts IhÈ thamy •itends to seithè M a 1 basis. or to re8lL5e the asset and 5ett k"aWIty ¥muNanew5ty. Fin8Yial 85881$ a dere(YsJrMsed tn aTrJ •) to Il frtffi finaal assei expire or are seioed. bl tr tharity lo anrrther paty 9)b51ty 1 of the risk5 and rthards of ownersh) olthe fnancl assei. or cl Ihe ch•nty. dewe h•¥tt4 rethi e. bLd rLIl au. 5¥nItrt rks and rerds 0lavrtthp. has to 8rrfJther paty. Fina41 I)1¥¢ ar• ¢JTv•cognwl orty spEa li thè eorad is Ir9ed. or expwe5.
Th• Prasp•cts Tnffjt Notos to the A¢¢ounts for th• r•dd 31 2021 In¥e51men15 in n0TrrOrNertie elte shares ncTrputtabl8 Noknary c4 preferc4 shf¢$ shares are pu Iraded ry Iheir fair Vakje raNY mesble) are mtasfftd 81 fair Ihw prbffl QT k)ss. Invesknenis subsK1rI8S aThl assooates are ffleasured al cost Iw nrMent. Fu irrde51mes in sthidi8ri88 atguired fow ¢sId81th wthlin9 Its ¢sue of sh8res qualfv for nwef rpkef, cosl is fftpasured by reforen The be51 e¥AYe¢ of fair v a ¢yed lor an h4eral asÈd an a¢1 markel. When qle0 priS are unavallabts. wce of a re(¢rt transId# •n jtKa1 asset pr(wwJÈs evje ol tsir ¥8i as king as there has t t1 a SVjncanl ecwomK OT a L8pse of time 5knc Ihe tranS8n loc4¢ a¢e. If Ihe markel fiol actr4e r•c•nt trarAadiDrs ol an xIent asset on th•r wn are nol a goctyj esknate oftsir ¥ak. f8¥¥ath isestnated ty nV. Toial 20 TJ¢•l CvnaliL 21.161 21,461 5.246 Group ¥dItter Leaky drra$t 30K for 30 (rt. knnov4te & Qthvatè NeATharkel Gdf fufvj 3.779 25.ClJO 3.400 4.359 23.409 42,572 SSE granl Looery Cov 7.000 10.000 12.342 3.ODO 101.915 CopY ofGaFe Nmlon Jurger 12.342 79.112 The lolal from donations and teJatie5 £101.915 12020 . £79.11?) of 21.461 12020 - £5.2461 Was unrestricted gerval £80.45412020. t73.) w&5 (Wled. 12
The Pn>sp•cts Tnmt Notss to the Accounts for the yr •nded 31 1¢h 2021 Tolal Total Placemertfees F8rn1 team generaied G4tden team Personal 5UPPQrt Irvwale & ¢"¥at¢ 240.197 240.197 54.083 21.429 118.705 124.824 J3.952 40.537 48.487 116.674 79.573 21.429 118.705 124,824 559238 The ioial i1orne frrff r a¢lie5 7s £559238 (2020. £519.2U £559238 {2020. £519.2231 &S UN8SlriCted 98wal arnl £NIl (W20- £P4lws des¥naled. 4 In¥•sthN In¢• Totsl 2021 Totsi l>••lgn•l•d Intome from invesbnerts." Rent reLibd 5.872 S,073 Gr05s bk inierpst 144 144 270 6.143 The lalal investrnent income was £6.018 I220. £6.143} £6.01612020. £6.143Iw•s wY051rid•d gon1 •n¥ £N(2D20- £Nif) was deligrba. $ Exp•ndltw• on [9 fLMNI T•l•l fotsl 2020 8.9n 2n 9.973 278 Fun¢fvabsin9 C15 1.524 The lo¢al expenditur¢ on isYJ fLMbJs $ £10251 12020 - £11.(fjOI of £10.251 (2020 - £11.¢601 was unre5trthd geri arnl ENII 12020. £NI) was des*jrtsd. 13
The Pro#wts Tnrtt Nots8 to the Accounts for the y•ar ondod 31 March 2021 8 ÉxpgnllI4 ¢Jn a¢¢lvlU•s Tot•1 Tot•1 489.028 489 028 n.175 77.175 se6.203 566.203 580.245 580.245 Toial 2020 2021 15.624
5.656 109.357 87.121 116.122 60.996 94.715 142.687 Farm team eXpEr Gardgn leoffl ¢xptr6es Pers¢m31 surwteyr¢¢s 109.357 71.T20 148.110 71.720 165.051 629 16.941 B•rth cho a¢aning Computerexpvb¢s EctnElty EqL¥PmWt le45 amh and Safety Iependnt ts•s P•yroll seNces Poslage aTrJ wntiny Reowitment and trarr R•nl. ral¢s and ir¢awanEe Repair5 and ma1ntenar 4.7 1.860 2.497 2.131 1.915 7.157 3.332 1.915 7.157 5.962 1.6S6 1200 2.394 1.207 2.702 9.767 1.rA2 9.767 12.139 65 105 105 355 Steng exwn Subwpl nd Telepe aro intw tknprerAin Pmje¢t Costs 13 175 13 175 5B9 3.029 971 18.685 24.604 6.076 44.610 44.610 71.17S 580.245 The govemanre arKI supFoM Costs £.203(2D20. £580.2451 of É489.02812020 - £49S.4301TS unrEstriL%ed gerral and £n.17512020. £83.8151 w8sdewwate¢J. 14
The PYo8pects Trnst Note8 to the Accounts for th• r•ndd 31 Mah 2021 Staff T11 Toial Full tim& Parf Iwne 24 31 T1 wa arKI s¥•5 Soual secunty costs 347.867 19.444 8,473 16.446 6.450 ar. year. 10 TA•titin The company register1 for VAT M 1 M8y2019 ar from gewled $6 •rE wty"Étt to VAT r¥ 4pprowab. 11 Tanglblo flA8d aSf•ts L•M•hokl IA•chlrh•ry A11W2020 Additsorts al r•5t Al 31 Klarch 2W21 83.857 8.224 92.081 35.810 112.778 29.510 142.288 tJ2.445 37.734 270.179 35.B10 D¢pr•¢ At 1 Ap 2020 (Jarye frythe year At 31 Marth 2021 63.922 7.887 71.809 112.778 29.510 142.288 210.260 39.647 249.907 2.250 35.810 itst boo* valu• At 1 Aprd 2020 At 31 2021 19.935 20.272 22x1 22.165 20.272 1$
Th• Pvospects Tfust Motr¥ to the Aceounl• forthe y•av•nded 31 Mah 2021 36.081 36.081 26.345 26.345 2020 Tiade debtors {her debtors 12.49 20.061 3.247 775 14 G••h attrank and kn h 2020 Cash ai tsa haThJ 234.805 100.395 1S cl•d.. •Twnls fallk4 du•Twlthln or* yw X+20 otherrreditprs Acuu4L 20.325 2.355 10.847 16
Th• Pro•p•¢ts Tntyt Not•s to th• A¢¢ounts for th• y••r•nd•d 31 Ilar¢h 2021 16 Bl•n¢• •t Bal•r+e• at TrnAf•rn 3110312021 489.Y3 292.738 Vehide Fruitful arri VehKJe ts"Fver 30K for 30 years Leaky dL5FtAty5her Inwale & Cul¥¥8le EDMT Pkn%l EDK4T UW EtWT Cow 120 11201 13101 12.2501 126.4251 P251 (8.2611 11.6831 1,550 2.250 P41 7,910 677 116.639) 1317) 1135) 12741 1457) 12,CW) 11.8261 12.9431 14.3461 11.S80) 17,fyX)I 19.2411 110.iIXJI 12.1N)I A¥N8 f¢JThJ Cmp commrt luryj SSE granl Lottery Co CCF reco¥ry Carnpy olcare •i Jvryens 4.359 fr7 10.t 12.342 (2711 12.071 19.on 80.454 7.175) 11.3941 20.958 Toial ndS 5e6.718 B•l••e• a¢ 01K4r2019 801on¢• al Exp•rn111W• Tr•rf•rn 31h)J12020 I1132 532.324 511.145 2.114 134.925 Js shetter donati Peop$ milthi 11.188 4.541 3.314 (9.3461 14.4211 11.4541 11.8421 120 Fmitrul k8rrrfng M8moTr va• Vehide pper 30K for 30 years Spn"ThJ a leak Cfrwothers ied¢ty be¥ pw Sn•kehal Boot ro( Leaky disfwtssher Inrnvèie & Cu.¥8 Grw vc4un 122501 451 13WI 2.25 S631 2.285 334 13341 11.(KK)I 13.3151 251 {592111 112541 12.2851 33 42.572 {16.6391 63 31.138 {83.815) 12.1141 19.073 Toial firts 142.768 17
Th• Pvo#pe¢ts Tiu•t Not•¥ to th• A¢eounts forth• y•ar •nd•d 31 r¢h 21121 t>•swJn•W Totsl F0 assets Cuffent assèts CurTer ha.1$ I9.1 265.917 22.6KI 292.738 6.852 56.353 280.023 313.696 18 R•lat•d party u•n8•¢110 18