Charity registration number
1048584
The Prospects Trust
(A Company Limited by Guarantee)
Annual Report and Financial Statements
31 March 2024
FAIRWAY
Tax ond Accounh"ng

The Prospects Trust
Charity registration number
Contents
1048584
Reference and Administrative Details
Trustees, Report
2106
Statement of Trustees, Responsibilities
Independent Examiner's Report
Statement of Flnanclal ActSvilies
Balance Sheet
10
Notes to the Financial Statements
11to19

The Prospects Trust
Reference and Admlnlstratlve Detalls
Trust••s
MargaTet Bandlng {r&tirad Novembèi 20231
Paul Hamer
Jane Kershaw
Margaret Kerry
Andy Feather
Naomi Rowe
Suz8 Oldfield
Rachel Coquard
Peter Fre￿ell
Amir Suleman (appointed January 20241
Prlnclpal Offic•
Snakehall Farm
Swaffharn Road
Reach
Cambridge
C825 OHZ
Company R¢gl$tr4tlon Numb•r
3087221
Charlty Reglstratlon Number
1048584
Bankers
Bardays Bank
58 High Street
Newmarket
CB8 8NH
Independent Examiner
FalrwayTax al￿ Accounting Limited
11C Ajma Road
Snettisham
King's Lynn
Nortolk
PE31 7NY

Annual Report Prospect Trust l April 2023 to 31 March 2024
Constitution: The Prospects Trust is a charitable company limited by guarantee, registered charity
number 1048584, constituted under a Memorandum & Articles of Association 3 August 1995 and
updated 20, of October 2022.
Objectives and Activities
In setting objertives and planning for activities. Trustees have given due consideration to guidance
published by the Charity Commission relating to public benefit. The objects of the charity are..
o advance the education und promote the relief of persons (Co-workers) who are vulnerable ond
who moy be t7t risk of sociol exclusion because of their oge. physical or learrjing disabilities or mentol
health through the provision of trt7ining and work opportunities in ogriculture. horticulture and
related subjects in the principles of good citizenship 50 tht7tsuch persons can develop theirphysical.
mental t7nd spirituol CaPGTCities ond grow tofull maturity as individuals t7nd members of society and
improve their conditions of life"
Our aims for achieving this are:
l. Core Busine55: We will continue to create and promote seasonal supported work opportunities
linked to skills progression and individual aspirations
2. Develop Snakehall Farm Site & Facililies: We will make Snakehall Farm the hub and heart of the
organisation
3. Income Generation: We will identify ventures, projects and products that support our core
enterprise and provide new opportunities for Co-workers
4. Nurture Values and Ethos.. We will ensure that the values and ethos that guide us are
understood, shared and promoted.
The organisutional vclues ore recorded on the chority webslte www.prospectstrust.org.uk
Achievements and Performance IApril 2023 to March 20241
2023124 has been another year to be proud of at The Prospects Trust. We continued to provide real
work experience sessions for our beneficiaries lour Co-workers- adults with a range of additional
needs) across all our teams and saw a further rise in the number of people involved and social
income generated.
Our Innovative, creative and hard-working teams achieved a 22% increase in social enterprlse
income to £249,083 compared to last year. A huge well done to all that seeded, mowed, baked,
harvested, toasted, planted, barista-d and watered and of course to those that enabled it all to
happen safely and within budget during the year.
Our social enterprise achievements included.. the Farm Team selling 1.2 tonnes of leafy greens and I
tonne of tomatoes over the year, the Garden team tending gardens for over 700 hours and
Unwrapped serving over 20,0(KI customers at the till and the Enterprise Kitchen baklng 2,500 vegan
sausage rolls.
The social enterprise element of The Trust is vital not only to provide real work experience for our
Co-workers, but the income it generates also helps plug the social care funding gap, every Co-worker
Placement is supported by our socially inspiring enterprise and our very loyal customers.

We have seen a further increase of nearly IO% in the numbers of Co-workers from delivering 6,800
work experience sessions to 80 individuals in 2022123 to providing 7,450 sessions to 84 individvals
this year.
While growing in number5 is of course an achievement, it 15 critical that The Trust a150 continues to
deliver sessions safely and supportively. Hand in hand with an increase in Co-worker numbers, we
have also seen a trend in retent years where our Co-workers require more specialised support to
help them achieve. We recruited 8 new staff to support The Trust in its work and trained our whole
team in PROACT-SCIPr-UKO
a proactive and therapeutic training for support workers of adults with
complex needs. Our Operational Managers have also all passed their Level 3 in First Aid and Health &
Safety. Our entire staff team are trained to a high standard in mandatory care courses but also in on-
the-job training from making the perfect cappuccino to side shooting the acres of tomatoes, every
day at The Prospects Trust is indeed a learning day for all.
We appointed a Co-worker Representative to join our Co-worker Experience Board Sub Committee,
ensuring our Co-workers have a very loud and Clear voice on the Board of Trustees and helping
shape our provision for the future.
Our bespoke CRM la database designed to record Co-worker achievementsl is also in full use and
completed by the team daily. The CRM records Co-worker achlevements, any concerns noted by
staff and most importantly, the satisfaction of Co-workers with their working day. The CRM also
helps us to identify changes in Co-worker behaviours and adjust our support accordingly and in full
communicatiorb With wider stakeholders Ifamilies, carers, local authorities and other support
professionals).
In January we introduced a flexible staffing rota for Co-workers at Snakehall Farm for those that
flourish working alongside different people and a fixed rota for those that succeed better with
routine. With 101 se55ions over a week at Snakeh311 Farm, it takes an enormous amount of planning
and sometimes improvising on the day, thank you to those that work so hard to get it right for all our
people.
We Ilnked with a number of organisations over the year to promote and publicise our tharitable
work..
We hosted 110 days of work experience sessions to school children from Highfield School
Ely, Centre School, Ely College and Bottisham Village College, either for SEN group5 or
individual work experience sessions for young people looking at careers in health and social
care.
We hosted 37 Corporate Volunteering Groups at Snakehall Farm over the year and
welcomed 719 volunteer visitors who helped create new pathways, plant trees, paint fences
and weeded the farm.
We attended and hosted awareness sessions about the work of The Prospetts Trust. Farmer
Mark has become the keynote speaker at many Wl meetings.
We welcomed longstanding and new funders to meet the teams and sample a bit of
Prospects Magic,. thank you to Art of Flooring, Thurlow Nunn Stander7, PYE Foundation and
Cambridgeshire Community Foundation.
We were Ely Heroes, chosen charity of year and again privileged to serve on the judging
panel, raising our profile with local businesses and dignitaries. The raffle and event
fundraising of £625 boosting our voluntary intome.

We sent quarterly Co-worker newsletters to parents and carers showcasing our work and
posted 238 positive, engaging feelgood social media posts featuring Co-workers going about
their working day.
Amir Suleman featured us on BBC Radio Cambridgeshire in May as part of the Great
Outdoors programme. Amir spent a sunshiny day at Snakehall Farm meeting all of our Co-
workers and fell in love with the magic of the place.
The admirable work we do day to day at The Trust is boosted and sometimes only made possible
through our vital supporters. A big thank you, a massive Farm spud-up and a beaming Unwrapped
smile to those that supported and donated to our summer Co-worker sponsored walk, Farmer
M3rk's compost spa day. our"All I want for Christmas is lal loooooo" appeal, Ely Heroe5 raffle and
the Co-op Community Fund. Our Spooky Snakehall event wa5 again a resounding success and special
mention to Team Lensfield and Art of Flooring for ch005ing vs as their charity to run half marathon5
and climb mountains for. Thank you to those that ran car boot sales, launched an EP, used Don't
Send Me a Card, Amazon Smlle and donated individually throughout the year.
Thank you to The PYE Foundation, The Blunt TrLSSt, Turners Distribution, Centurian Management,
Evelyn Partners, The Rock Allotment Society, TNS, Thorlabs, Reach Solar Farm, Rotary Club Ely and
The Dyke's End for your continued and valuable support.
Thank you too to Global Make Some Noise for funding core salaries, The Access Foundation for
funding new IT technology, Eric Drumrnond-mercer Memorial Trust for funding a new tool shed and
our Christmas party. Ely Rotarians for renovating the outside of Unwrapped and The Bernard Sunley
Foundation and The Bailey Thomas Charitable Fund for funding the Orchard Project,. our new
specialist farm-within-a-farm area for Co-workers with complex needs. We have created a safe
haven in our Orchard plot, with a cabin, polytunnel and garden shed, raised beds and fruit trees.
Future plans for 2024125
Developing and investing in our people and facilities will continue to be our priority as will
consolidating and improving what we already deliver.
In september 2024 we will be celebrating our 35 birthday with an Open Day at Snakehall Farm and
plan to host a number of exciting fundraising events throughout the year. Our fundraising focus will
be raising £35K for 35 years,. with a new cabin, new toilets and replacing worn out facilities,
machinery and eqL¢ipment on our long-term funding wish list.
Our project focus will be the Far Field Nature Reserve, using corporate work partie5 and volunteers
to re-wild and shape the 7.5-acre field into a haven for wildlife and the natural environment
accessible to the public. We plan to site a cabin in the area to not only host conservation focused Co-
worker sessions but also to hire out to sthool and community groups interested in learning about
nature. We plan to have a grand opening of the new nature reserve on our Open Day.
Our strategic focus continues to be our long-term financial sustainabllity. Our Finance Sub-
Committee will be closely monitoring our 3-year financial cashflow to help us pro-actively plan for
any shortfall In our cashflow. We will also continue to advocate for an across-the-board placement
fee rate that is fair to Co-workers and pays fairly for our quality social care provision.

Financial Review
At the end of this financial period, 31" March 2024, the income for this year amounted to £840,968
12023 . £758,9661 and expenditure amounted to £789,84012023 £749,891). After takin8 account of
a gain in value of investments the overall surplus was £67,582.
Flnanclal Reserves Policy: Trustees reviewed and agreed an updated Reserves Policy on the 28, of
November 2023 in light of The Trust's increase in income and expenditure. Total reseryes agreed at
£270,(X)O= of which £220,000 is 3 months costs adversity reSe￿e under Trustee governance to allow
continuity during a period of unforeseen difficulty and £50,(KJO is a flexible reserve to allow a rapid
response to new income generating opportunities.
General reserves this year are £435,812, as shown on the balance sheet on page 10. Three months
costs are £197,460 for year to 31, March 2024. Trustees are considering ways of investing in the
infrastructure and facllities of The Trust to improve the working conditions of staff and Co-worker5.
Trustees are revising the reserves policy to bring it into line with current needs and costs.
The Trustees, at the date of approving the report ond accounts, will continue to focus on way5 to
remain true to the purpose of the charity. minimising all charitsble expenditvre and overseeing an
enhanced and robust financlal monltorinE System.
The Prospects Trust has no fund or subsidiary undertaking that is materially in deficit.
Structure, Governance and Management
Pay Policy: The Management Committee, formed of both the Management Team and Trustees, 15
responsible for directing, controlling, running, and operating the Trust, includin8 pay policy. Certain
decisions e.B. Staffing structure, pay rates or appointment of Executive Director are reserved to
Trustees. The respective responsibilities of Trustees and Managers are set out in the Scheme of
Delegation.
The Trustees Idirectorsl give their time freely and no director received remuneration in the year.
Trustees are entitled to claim expenses relating to travel or training fees, but no transactions were
made in the year. The Trust has an Executive Director and Senior Management Team who are paid in
accordance with their skills and experience as well as the joint responsibility of the daily
management of a complex charitable organisation. All staff are paid at the national living wage or
above.
Fundraising Activity: The Trust employs an Executive Direttor with fundraising experience and a
proven track record in donor and grant management. The Trust adheres to the fun(Iraisin8 principles
of The Fundraising Regulator and all grant management is overseen by the Trustee board. The Trust
ensures that any fundraising activity Is legal, open, honest, and respectful to the donors. During this
reporting period The Trust used digital collection methods through Local Givin& Facebook, and in
partnership with AVIVA Community Fund - Crowdfunder. There were no complaints made regarding
The Trusvs fundraising nor breach of the Code of Fundraising conduct. All donor data collected is in
line with GDPR and with agreement from the donor. Grant management 15 adhered to by The Trust
with the Management Team responsible for daily compliance ond the Trustee Board for strategic
review. All grar)ts and donations are spent in accordance with their terms and conditions of offer.
Support from grant givers and friends of The Prospects Trust are acknowledBed, and where
permitted, on our charity communicalion channels including social media, organisational
newsletters, and website as appropriate.

Recrultment and Appolntment ol NewTrustees.. As stated within the Goveming Documents, The
Trust shall comprise of no more than 10 but no less than 3 serving Trustees Idirectorsl- All Tru#ees
are subject to an enhanced DBS check. proof of identlty and 2 references. Any newTru5tee is invltsd
to attend a Management Committee Meeting betore being formally appointed on to the Board of
Trustees at the Annual General Meeting or ¢o-OPted onto the board at the next Management
Committee Meetlng.
Trusteè Governance
Trustees are expected to engage with and inform themselves about The Prospects Trust to gain an
understandinB of the organi5ation in working practi￿. Trustees must un(Jerstand all organisational
pollcies and procedures a5 well as their legal responsibllltles for good 8overnance as an appointed
guardian of the charity before undertakinB decision making on behalf of the organisatlon. Trustees
will attend the Management Committee Meeting5. Annual General Meeting and engage proactively
in at least one of the sU￿cOmmittee$.. Prolert & Developmen( Finance, Co-worker Experience and
Human Re50urce5.
The Prospects Trusts has no exemptions from di5closure,' and N) funds held as custodian Trustee on
behalf of others.
The annual report was approved by theTrustees of the charity on 19 November2024 and slgned on
its behalf by:
Margaret Kerry
Chairman

The Prospects Trust
Charity registratlon number
1048584
Statement of Trustees. Responsibilities
The trustee5 are ￿SponSible for preparing Ihe Iru$tee5' report and the financial stalemenls in
accordance with the United Kingdom Accounting Standards Iunsted Kingdom Generally AC￿pIed
A￿oUnting Prdcticel and applicable law and regulati¢￿$.
The law applicable lo charities requires the Iruslees lo prepare financial 5taternents for each
flnancial year which give a true and fair view of the stale of affairs of the charity and of the incoming
resources and application of resources of the charity for that period. In preparing these financial
slatements, the trustees ore required to..
$elect suitable accounling policies and then apply them consistenuy,
observe the methods and principles in the Charities SORP..
make judgements and estimates that are re8$0nable and prudent-,
slate whether applicable accounting standards have been followed. subject to any matsrial
departures disclosed and explained in the financial statements". and
prepare the financial 5talemenls on the going eoncern basis unless it is inappropriate to
presume that the charity will continue in business.
The trustees are responsible for keeping woper accounting records that disclose with reasonable
acBuracy al any lime the financiat position of the charity and enable them lo ensure that the financial
statements comply with the Charities Act 2011, the appllcable Charities (Accounts and Reports)
Regulations. and the provisions of the consltiulion. The Iruslees are also responsible for
safeguarding the assets of the charity and h&nce for taking reasonable steps for the prevention and
detection of fraud and other irregularities.
Approved by the trustees of the charity on 19 November 2024 and stqned on ils behalf by..
Margaret Kerry
Chaim1an

The Prospects Trust
Independent Examiner's Report to the trustees of The Prospects Trust
I report on the accounts of the charlty lor the year ended 31 March 2024 whlch are sel out on
pages 9 to 19.
Respective responslbllltles of trustees and examlner
The trustees are responsible for the preparation of the accounts. The trustees consider that an
audit is not required for this year under section 144121 of the Charities Act 2011 Ithe 2011 Act) and
that an independent examination is needed. The charity's gross income exceeded £250,000 and I
am qualified to undertake the examination by being a qualified member of the Association of
Chartered Certified Accountants.
11 is my Tesponsibility to:
examine the accounts under section 145 of the 2011 Act.
to folk)w the procedures laid down in the general Directions given by the Charity Commission
under section 14515)Ibl of the 2011 Act- and
to state whether particular matters have come lo my allenlion.
Basls of Independent examlnerfs report
My examination was carried out in accordance with the general Directions given by the Charity
Commission. An examination includes a review of the accounting records kept by the ¢harity and a
comparison of the accounts presented with those Teeords. It also includes consideration of any
unusual items or disclosures in the accounts, and seeking explanations from you as trustees
concerning any such matters. The procedures undertaken do not provide all the evidence that
would be requlred in an audit and consequently no opinion is given as lo whether the accounts
present a 'true and fair view and the report is limlted lo those matters set out in the next statement.
Independent examinerfs statament
In connection with my examination, no matter has come to my attention..
11) which gives me reasonable cause to b91igve that in any material respect the requirements..
lo keep aocounling records in accordance wth section 130 of the Charities Act 2011; and
to prepare accounts which accord with the accounting records and comply w¢th the
accounting requirements of the 2011 Act
have not been mel-, or
{21 to which, in my opinion, attention should be drawn in order to enatde a proper understanding of
the accounts to be reached.
Gary Eves FCCA
Associalon of Chartered Certified Accountants
Fairway Tax and Accounting Limited
Chartered Certified Accountant5
11C Alma Road
King's Lynn
PE317NY
19 November2024

The Prospects Trust
Statement of Flnanclal Actlvltles
for the year ended 31 March 2024
Note¥
Llnrestrld•iJ funds
G*ngral
1)oslwatsd
Totsl
2024
Total
2023
Dcnalions 8nrt1898CI88
Charilabltr tr¥ding Incc*ne
Invesimenl income
Other
16.054
774.428
15.741
1.249
33.496
49,550
774,428
15,741
1,249
101.4(
645,168
11.246
1,146
Total I￿orne
807,472
33.496
840.968
758.9e6
Expendlture on..
Costs ofgènèrallng ftsnds
Raising fund8
118,5391
118,5391
Chartlable aGtiwlies
Charitable aC1w￿leS
41,￿)4
760,443
29.397
29,397
(771.301)_
789,640
-IT33.7041
749,691
Total èxpèndituré
Gainslllos¥251 on dispDsal of listed investment assets
Gainslgossp$l on li$led investment assets revaluat￿nS
16,454
16.454
8.432
Nel tnovement in funds
63,483
4,099
67.562
643
ReGonGillatlon of fur
Total fund5 brought forword
Transf￿5 belween fund5
372.365
37.962
410.327
409.6
TO1￿ funds Ca￿￿d fowArd
435.812
477,909
410.327
All of the chaTitYs aGl1vil￿¥ derive trotll GDnlinuiry operat￿nS duriJwJ the above two pwiods.
The funds breakdown for 2023 15 shO￿n in note 16.

The Prospects Trust
Chavity registration number
Balance Sheet
as at 31 March 2024
1048584
Notes
2024
2023
Flxed assets
Tangible assets
Listed inveslTnenls
11
12
28.115
182,980
211.095
28,683
166.526
195.209
Current assets
Slo¢k
Other current ass8ts
Cash at bank and in hand
10,616
28,245
253,250
292.111
13.935
18,923
195,419
228,277
13
14
Creditors: amounts falling due
wlthln one year
(25.2971
113,1591
Net currgnt assets
266,814
215.118
Net a$s¢ts
477,909
410,327
Funds of the ¢harlty:
Unrestricted funds
General
Deslgnated
16
435,812
42,097
372,365
37,962
Total funds
477,909
410.327
Number
47
Number
Average number of employee5
The directors are satisfied that the company is entitled to exemption from the Tequirernent lo oblaln
an audit under section 477 of the Companies Act 2006.
The members have not required the company to obtain an audit in accordance wlth sedon 476 of
Ihe Act.
The directors acknowledge their responsibilities for complying with the requirements of the
Companles Act 2006 with respect lo accounting rgcords and the preparation of accounts.
The accounts have been prepared in accordance with the special provisions applicablg to
ompanies subject to the small companies regime.
The financial statements on pages 9 10 19 were approved by the trustees, and aulh)rlsed for Issu8
on 19 Novembor 2024 and 51gned on their behaW ty.
Naomi Rowe
Treasurer
10

The Prospèet$ Trust
Notès to thè Accounts
for the year ended 31 March 2024
1 Accountlng pollcSes
statement of compliance
The financial statetnents have been propared Sn a¢¢ordarKe wlth A¢¢ountiro Reportlno by Chadts"es=
ststement of Recommended Practice applicable to charilies preparing their accounts in accordance with th8
Financial Reporting Standard apFIic8bl8 in the UK ar￿ Republic of Ireland IFRS 1021 leffeclive 1 January 20151-
IChari118s SORP IFRS 10211, the Financial Reporting Standard appli¢aUe in the UK and Fiepubsr of Ireland IFRS
1021 and the Chariiies Act 2011.
Bas1$ of preparation
Tha Prospects Tiust m88ls th8 d8finition of a wblic bonafit entity under FRS 102. A55ets and liabilit105 are initially
recognised as historical c05t or transaction value unless ott)erwse slated in the relevant a¢¢ounling policy notes.
EKemptlon from preparlng a cash flow staternent
Th8 charity optsd to eady adopt Bulletin 1 published on 2 February 2016 have therefore not indu¢Jed a cash
flow statement in these financial slalemenls.
Income and endowments
Voluntary incorne including donation5, grfts. l¢gacles aNJ grants that providg ¢ore fundlng or are of a general nalur
is recognised when Ihe ¢harity has enlidement to thg income. it 1$ proba￿8 that th8 incom8 wll be re¢8n18d and
amount Can be me8sur8d with suffKi8nt reliability.
Donations and legad¢$
Donations and lega¢ie5 are reGognised on a receivable basis when rece¥it is probabje and Ihe amount can be
liably measured.
Investrnent income
Interest on fund5 held on deposit is hduded when receivable and the amount can ￿ measured r8li8bty by the
charity., this is nomially upon notification of the interest paid or payable by Ihe b￿k. Di￿dendS are reeognised once
the divkyend has b88n declared and notification has been recÈlvèd of thè dividend due.
Expgnditur•
All expenditure ts recognised once there is 8 legd or constructive obligatK)n to that expenditure. it is probable
setUem8nt Is required and the arn￿nI can be rnea5ured reli8￿y. All ¢osts are ÈlloEalÈd lo the applicable
expenditure heading that aggregate 5irnilar costs to ihat ¢alegory. Where ¢o$ts cannot bÈ direcuy attributed to
particular headings they have been allocated on a basis consislanl with Ihe usa of resources, wth central staff
Costs allo¢ated on the basis of time s￿nt, and depreciation charges allocated on the portion of Ihe a5sel'5 use.
olher support costs ale allocated based on the spread of stsff Costs.
Charitable activities
Charitable expenditu￿ comprk8e$ those costs incurred by the charity in Ihe delivery ol ils actDii118s and services for
its beneficiaries. It i￿l￿d&S both cost8 that can be dir6cUy allocated t¢ such activities and those costs of an indirect
nature neeassaryto support them.

Thè Prospects Trust
Notss to thè Aeeount$
for the year ended 31 March 2024
GI￿rnaN¢t ¢•$¢$
These include the costs attribut8￿6 to th8 charitys complianc8 Wth constilutional and statuiory r8quir8rn8nts,
i￿luding audit, strategic rnanagerr*nt and trustees, rneelin95 and reirnburse(S Expenses.
Tanglble ffixed as58t5
Individual fixed as5et5 G051ing £10Q.00 or more arÈ initially re￿rded at cost. 18ss any subsequent accumulated
dep￿clOti9rn and subsequent accumulated irnpairment Ioss85.
D8preclatlon and amort15atlon
Depreciation is prOv￿e￿ on langibk fixed assets 50 as to ￿lIe off the cost or valuation, less any estimated r85idual
value. over their e)tP8¢t8d u$oful o¢ononuc life as follows..
reciation method and rate
10-20Yo Strw9ht line
25% slraighl line
10% slraighl lin8 1100% in yaar of purcha58
Plant and machin8ry
Motor vehicle5
Leasehold irnprovements
Inve$knents
Investments comprise inve51rnents in equity instruments wthi¢h a￿ measured at falr value. Charyes in far value
are recognised in profit or loss.
Cash and ca8h equival8nts
Cash and cash 8quivalents comprise ¢ash on hand anrf call deposits. and olh8r short-lerm hiqhly liquid
inve51rrenls that are readily convertsble to a known amount of cash and are subject lo an insignificant risk of
charYJe in v4ue.
Fund structure
Unrestricted incorne fund$ ère general funds that are availa￿& for use at Ihe trustees. disCret￿n in furtherance of
th8 obje¢tfves of the charity.
Financlal Instruments
Classificatlon
Financial assets ar￿ financi81 liablities reeowlsed when the charfty b￿oMe$ a party to the ¢ontra¢lu¥4
provisions of the inslrurnenl.
Finan¢ial liabilities and equity instruments ar8 classffi8d according tts the substance of the Contrac￿al
arran￿MentS enter8d into. An equity instrumènt 15 any contra¢t that evidences a residu81 interest In the assets of
the charity afterdeduGting all of its Iiabililes.
Recognilion andmpo$uremeftt
All financial assets and liabilities ar8 initialty measured al transaction prKe lincluding transaction cost51. except for
those flnancial assgts classified as at fair value through profil or loss, whi¢h are Inltlaity measured al falr val
(which is normally the transaction pri¢e excluding transaction coslsl, unless the arrang8mgnt conslitules a
finan¢iTrg tyansa¢lion. If an ?rrangement constitut8s a financing transaction. the finanoal asset orfinancial liability is
meaSU￿d al th8 wes8nl ¥abJ8 of the future paynEnls discounted at a rnarket rate of interest for a similar debt
instrum8nL
Financial a5S8ts and liabilitie5 ale only offset In Ihe statement of financial posiknn wthen, and onlywhen there exists
a legally enforGe3ble rigN to sel off th8 recognised amounts and the charty intend5 either to settle on a ret basis.
orto ￿alIse the asset and s8llle the liablty simultaneously.
Financlal assets ar8 derecogr*5ed when and or4y when al tho eonlractual rlgM$ lo the cash Ihws from Ih8 financial
asset 8xpir8 or are selued. bl the ¢harity transfers to another party substantially al of th8 risks and rewards of
o¥wner5hip of the financial asset, or cl the charity, despit8 havirYJ retained some. bul not all, significant risks and
rewards of ownership. has transferred control of the a55et to another party.
Financial liabilities ar8 der8cogni58d only when the obligation spedfied In the contracl is discharg8d. cancel￿d or
expires.
12

The Prospects Trust
Notès to thè Aceounts
fr*r the y￿r ended 31 Mareh 2024
lttve$thRents
Investments in nonvconvertible yeference shares and ￿n￿U￿able ordinary or preferfjn￿ shares (where $hares
art publidy traded or theirfairvalue is r81iably measurable) are rneasured at fair valu8 throL4h profft or loss. Where
fair value cannol be m&asured reliably. investments are Measured at cost less irnparment.
Investments in subsidiaries and associates a￿ MeaSu￿d at cost less impairment. For investmen15 in Subsidiaries
acquired for consideration irtluding the isstse of shares qualfying for merger relief, cost is measured by reference
to the nominal value of the 8hares issu&Y plus fair value of olher consideration. Any prernium is ignor8d.
Falr value measurement
The best evidence of fair value is a quoted price an identical asset in an active market. When quot￿ prices are
unavailable, the Pr￿ of a recent transaction for an Kjenlical asset provides gvvjence of fair value as long as ther
ha5 not been 8 signif￿ant thange in e¢onomic ¢ir¢umstan¢es or a signific￿t kpse ol lirne since the transaction
t(K>k pla¢e. If the market is not active and ie¢enl transactions of an identical as$el on Iheir own are not a good
eslimatÈ of fair value. the fairvalue is estimated by using a valuation technique.
2 In¢¢me from donatlons and lega￿¢$
Unr88trtetsd
General
Designated
Totsl
2024
Totsl
2023
Donatk)ns and18gacies.'
Donat￿n5
35K for 35 Years
At￿$S Grant
AZ Unwrapped
Bags of Joy
Chller App&al
CPFT Wellbei
ED
Ely Firework
Far Field prOj￿t
Global Make Some NoL*e
Greening The Kerb
Orchard Capi181
Orchard Facilitie5
OrGhard Operalion
PcA5rtunnel Appeal
rractor Aid
16.054
16,054
30,323
1.908
S.030
5.030
3.OOD
200
3,538
200
3.538
350
500
250
2,864
10,000
500
250
2,864
10,000
8,615
35.000
437
12,494
8,000
1,2[
8,000
1,206
10,000
138
1,049
16.054
33,496
49,550
101.406
The total income from donations and legacies wa5 £49,55012023- £101,406) of which £16,05412023- £30,323)
VAS unrestricted general and £33.49612023- £71.0831 was deslgnated.
13

The Prospects Trust
Notes to the Arxounts
for the year ended 31 March 2024
3 Charitable trading income
Unrestrlcled
Goneral
0851gnated
Totsl
2024
Total
2023
Placement fee5
Farm team generatsd In¢ome
Garden team generated incorne
Personal support income
Unwrapped
369,722
63,128
31.923
155,623
154,032
774.428
369,722
63.128
31.923
155,623
154.032
774,428
308,975
39,781
25.529
132,297
138,586
645.168
The lotaf incorne from charitable activitie5 was £774.42812023- £645.1681 of whKh £774.428 12023- £645,168>
was unrestricted general and £Nil12023-£Nill was des￿nated.
4 Investment Sncomo
Unrestricted
General
Deslgnatsd
Total
2024
Total
2023
Incorne from investments.,
DivSdends
R8nt receDied
Interest receivable and sirnilar inGc¥ne'.
Gross bank Intwest
5,086
5.873
5.086
5.873
5,084
5,873
4,782
15,741
4.782
15,741
289
11,246
The total inveslrnent incorne was £15.741 12023 - £11.2461 of which £15,741 12023 . £11,2461 wd5 unreStr￿ted
general and £NII12023-£NIII was d¥sionated.
5 Expendituro on ral$in9 fvrtds
Unrestrlctsd
General
Design4ted
Total
2024
Total
2023
Developr￿n￿rundra1slng salaries and NIC
Fundraising COSt5
17.643
17,643
15.762
425
18,S39
18,539
16,187
The total expgndlture on raigng funds Vds £18,539 12023 £16,187) of which £18,539 12023 £16,187) was
unreslrict8d general and £Nil12023- £Nill was designated.
14

The Prospects Trust
Notes to the Accounts
for the year ended 31 March 2024
6 Expenditure on charitable aetivitles
Unrestrlcted
G8neral
Designatsd
Totsl
2024
Total
2023
Govemance and suppmxt Costs
741.904
741.904
29,397
29,397
771,301
771,301
733,704
733,704
7 Analysis of governance and support costs
Unrestrtcted
Genoral
Designated
Total
2024
T*)tsl
2023
Office salartés
Farm team expenses
Garden team eX￿nSeS
Unwrapped
Bank eharges
Cleaning
omputer expenses
Electr￿lty
Equipment lease
Health and safety
Independent examiners lees
Payroll seNicès
Postsge and printing
Re¢tuiltnenl and tralnlng
Rent, rates and insurance
Repair5 and tnwnt8nanc8
Se¢urity
Staff travd and rn88tings
stationery
Steng expe￿86
Subscriptions
sUndr￿s
Telephone anQ intemel
Depreciation
Project costs
89.221
329,006
49.656
215.725
703
4,392
2.761
9,421
1,726
3,512
2.175
1,200
545
7,677
13,802
2,899
89,221
329.006
45,656
215,725
703
4,392
2.761
9,421
1.736
3.512
2,175
1,200
545
7,677
13,802
2,899
89,342
265.915
42,921
176,087
707
4,52e
1.927
8.956
6.030
2.302
2,350
1,200
728
4,199
13,096
520
583
314
456
13
249
4.118
1.887
,683
98,595
299
486
1fj3
265
1,284
1.741
3,235
299
486
163
265
1,284
1,741
3.235
29.397
771.301
29,397
29,397
741.804
733,704
The total expendlture on governance and support costs was £771,30112023. £733.7041 of whKh £741,90412023-
£635,109) was unrestricted general and £29,39712023- £98,595) was designated.
15

The PTo$pects Trust
Notes to the Ac¢ounts
for the year ended 31 March 2024
8 Staff costs
The aVer￿e numtrer of staff empbyed during the yearwas..
Total
2024
T¢ttal
2023
Part lime
39
38
47
45
Staff costs Induded In the financial $¢alements a￿ broken down as..
Total
2024
Total
2023
Wage$ aThl salaries
Social security costs
Ernployer's pETrsion eontribution$
526,041
26,80S
9,714
562.580
453,367
23.804
8,733
485,904
No èmployees reCe￿Ing employe8 benefits lexdudiry 8mployer pensk)n ¢ostsl rételved more £60.000 In the
C￿￿ent year.
9 Trustees remuneratlon and oxpenses
No tfU51ees. nor any person ¢¢nneGtwJ with Ihem, have ￿ta1ve{l any r&muneration from Ihe charty during the year.
10 Taxotion
Th8 charfty Is a registered charity and op8r*s on a not for profit basis ther8fore 1$ not subject lo ¢owratlon
lax.
The eompany registered IOT VAT on 1 May 2019 and its ineomo from its own genorated sales ar8 5ubj8ct to VAT
ere appropriate.
11 Tangible fixed as5et5
Plant and
Machinery
Motor
Vehicles
Leasehold
Improv8m8nts
Total
Cost
At 1 April 2023
Additions at cost
Disposals al cost
At 31 March 2024
100.242
7,763
35.810
207,054
343,106
7,763
108,005
35,810
207,054
350.889
Depr¢¢latlon
Al 1 April 2023
Charge for the year
Eluninated on di5P05a15
At 31 March 2024
89,014
6,149
35.810
189.599
2.182
314,423
8.331
95.1fj3
35,810
191.781
322,754
Nat book valve
At 1 April 2023
Al 31 March 2024
11,228
12.842
17,455
15.273
28,683
28,115
16

The Prospects Trust
Notes to the Accounts
for the year ended 31 March 2024
12 Listed inve5tm8nts
2024
2023
Listed other shar88
182,980
166,526
13 Othercurrenl a550t5
2024
2023
Trade debtors
Other debtors
27,861
18.539
18,923
14 Cash at bank and In hand
2024
2023
Cash at bank and In hand
253.250
253.250
195,419
195,419
15 Creditors.- amounts falling due wlthln one year
2024
2023
othar ¢redltors
Accruals
22,642
2,655
25.297
11,104
2,055
13.159
17

The Prospects Trust
Note5 to the Accounts
for the year ended 31 March 2024
16 Fund$
Balance at
0110412023
Balance ot
3110312024
Income
Expenditure
Transfers
Unre$lri¢ted general
372,365
807,472
743,9891
435,812
Designated..
30K for 30 years
35Kfor 35 y8ars
Access Giant
Anton Jurgens
AZ Unwrapped
Bags of Joy
Canopy of Care
Chiller Appeal
EDMT Chrislrnas
Ely Firework
Far Field Prolect
Fruitful Learning
Global MSN
Greening The Kerb
Leaky Dishwasher
Lollery Covid
Nature Save Trust
Orthard Capital
Orchard Facilth'e5
Polytunnel Appeal
TractorAid
Virgin 02
1.887
19441
943
1,908
4.159
259
1.908
5.030
11,0401
11301
13.WOI
169
389
200
200
15,273
3,538
17.455
12.1821
3,538
500
2SO
2,864
13071
16,0421
13101
110.0001
57
12,753
930
68
9,575
620
10,0(K>
1881
141
227
426
1381
18,0001
11,2051
10,309
245
157
12271
12121
214
38
8.000
1,206
14,9521
1551
12451
5,302
106
37,962
33,496
129,3971
36
42,097
Total funds
410.327
840,968
773.386
477,909
18

Thè Prospèets Trust
Notès to thè Aeeounts
for the year ended 31 March 2024
Balan¢e at
0110412022
Balarbce at
Incom*
Expendilure
TTan$fers
3110312023
Unrestricted genergl
350,537
687.883
659.728
6,327
372.365
Designated..
30K for 30 years
Anlon Jurgens
AZ Unwrapped
Canopy of Care
CPFT Wellbeing
EDMT Chrlstmas
Far Field Project
Fruiiful Leaming
Global MSN
Greening The Kerb
Leaky Dishwash8r
Lotterycovid
Naiure Save Tw$t
New Plough Appeal
Orchard Capital
Or¢hard Operati￿$
(hhard Facdilies
Pol￿tUnnel Appeal
Tractor Ald
Virgin 02
3,728
519
12,4671
11301
626
1.887
389
3,000
17,455
3.IK>O
19,637
12,1821
13501
15001
15,8621
13101
134,9321
15781
12251
12121
1381
350
15001
12,753
930
68
10.000
1.240
8.615
35,000
437
452
638
227
426
1381
245
6.550
12451
5.701
12.494
10,QOO
132.7451
110.0001
11.2051
15,7591
11.0491
18.IX)01
11.2051
10,309
245
157
15,930
138
1.049
245
59.147
71,083
198,5951
6,327
37,962
Total funds
409.684
758,966
758,323
410.327
The dgsignatsd funds ar8 raised for these proj8cts and are consolidated in the financial statements.
17 Analy515 of ngt 0558t5 betw￿￿ fvnds
Unrestrlcted
General
Designated
Total
Fixed assets
Current assets
189.522
271.587
25,297
435,812
21,573
20.524
211,095
292.111
25.297
471,909
42.097
18 Relaled party tTan$a¢tl*)n$
There were no rdated parkne8 or related party trar￿actionS during the year ended 31 March 2024.
19