Charity registration number 1048584 The Prospects Trust (A Company Limited by Guarantee) Annual Report and Financial Statements 31 March 2025 FAIRWAY Tax and Accounting •AEGP)HP5' 04112r2025 COMPANIES HOUSE 22
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The Prospects Trust Charlty registratlon number Contents 1048584 Reference and Adrninislrative Details Trustees. Report 2to6 Statement of Trustees. Responsibilities Independent Examinerfs Report Statement of Financial Activities Balance Sheet 10 Noles to the Financial Statements 111019
The Prospocts Trust Ref•renc• and Admlnlstratlvo D•lalls Trustees Paul Hamer (resigned 26 Nt>vember 2024) Jane Kershaw Margaret Kerry Andy Feather Naomi Rowe Suze Oldfield Rachel Coquard Peter Fretwell Arnir Suleman (resigned 28 January 2025) Rosalie Tribe (appointed 26 November 2024) Adrian Smithies (appointed 26 November 2024) Chairman Margaret Kerry Victlhairnian Jane Kershaw Treasurnr Naomi Rowe Principal Offic• Snakehall Farm Swaflham Road Reach Cambridge CB25 OHZ Company R•glstratlon Numb•r 3087221 Charlty R•glstfatlon Numbor 1048584 Bankers Barclays Bank 58 High Street Nevmiarket CB8 8NH Independent Examlner Fairway Tax and ACCnting Limited 11C Alma Road Snettisham King's Lynn Norfolk PE317NY
Annual Report Prospect Trust l April 2024 to 31 March 2025 Constitution: The Prospects Trust is a charitable company limited by guarantee, registered charity number 1048584, constituted under a Memorandum & Articles of Association 3rd August 1995 and th updated 20 of October 2022. Objectives and Activities In setting objectives 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 advonce the educotion and promote the relief of persons (Co-worker5) who ore vulnerable and who moy be at risk of sociol exclusion becouse of their oge. physicol or learning disobilities or mental heolth through the provision of training ond work opportunities in agriculture, horticulture ond related subjerts in the principles of good citizenship so that such persons can develop their physical mentol ond spiritual copocities ond grow tofull moturity as individuals ond members olsociety ond Improve their conditions of life- Our aims for achieving this are: l. Core Business: We will continue to create and promote seasonal supported work opportunities linked to skills progression and individual aspirations 2. Develop Snakehall Fami Slte & Facilities: We will make Snakehall Fami 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 Value5 and Eth05: We will ensure that the values and ethos that guide us are understood, shared and promoted. The orgonisationol volues are recorded on the chority website www.prospectstrust.org.uk Chairman's Review It is with great pleasure I present ourTrustees Report and annual accounts ending March 2025, a year where we have continued to deliver meaningful work sessions for our Co-workers (our beneficiaries.. adults with additional needs) hand in hand with generating social enterprise income. We generated £250,099 of Social Enterprise income during the year while positively impacting the lives of our Co-workers by delivering 7,850 full day sessions across Snakehall Farm, Unwrapped, the Garden Team and in the Enterprise Kitchen. We commemorated 35 years of growing differently at The Prospects Trust with an Open Day in September and what an Open Day it was! The sun shone as over 500 wonderful supporters enjoyed the music. the food, the stalls, games and tractor rides at Snakehall Farm. Thank you to all that helped make it possible by volunteering their time, their skills or donated to our amazing raffle. We celebrated throughout the year and wish to thank everyone that jumped out of an aeroplane, ran marathons, walked from Farm to Fork, ran car boot sales and donated to our £35K for 35 Years Appeal. l am pleased to report that we surpassed our target and raised over £44,000. Despite the challenging economic environment of rising cost of goods and seNices coupled with the financial constraints faced by Local Authorities. our social enterprise business model, the dedication of our incredible people and our phenornenal fundraising efforts has allowed us to report an operating surplus of £109,120. This will be ploughed back into The Trust to enhance and diversify our offering to Co-workers and will also allow us to fund essential upgrading of the infrastructure at
Snakehall Farm and replace capital assets. In particular, the toilet block is ageing and in poor condition and requires replacement. The Trust has now started a project to build a new toilet block at a cost of at least £200,000. The Trustees have already designated £IOO,000 from reserves and this yearfs surplus will be added to that figure. The macroenvironment continues to challenge us as the social care landscape evolves and increases to salary costs implemented by central government have also impacted us. The demographics of our Co-workers is shifting too as we see individuals with higher needs referred to us which is transforniing the way we provide support. Intemally we're devising long term succession plans for two pivotal roles: Chaimian of the Board of Trustees and Farm Manager. We responded pro-actively to these challenges by facilitating a 3-year Strategic Planning workshop for The Board, completed a Governance Health check survey to assess Board skills and experience. completed a Reserves review and continued to closely monitor our 3-year cashflow. In 2025126 we plan to: Establish a new Life Skills Project at Snakehall Farm to diversify our offering to Co-workers Fund difficult-to-fundraise-for projects and replace ageing facilities and a55ets from our Charitable Resenies Animate our new Nature Reserve to increase our engagement with local communities and promote conservationism. Have a full complement of 10 Trustees including the handover and full induction of a new Chairman As we look forward, we recognise that the external landscape is likely to remain difficult and Local Authority funding (our main income stream), will only be further constrained. Issues with automated Local Authority payments during the year impacted our cashflow and with the announcement of NLW & Nl increases adding £24.000 of salary costs in our 2025126 budget ivs vital that going fonvard fees are paid correctly and in a timely way. Our future plans recognise these pressures and mitigate the risks as far as possible. We said goodbye to Trustees Paul Hamer and Amir Suleman and welcomed Trustees Adrian Smithies and Rosalie Tribe. Adrian comes to us from a banking background and Rosalie from a social impact background. I look forward to tapping into their experience for the benefit of The Trust. Thank you, Paul and Amir, for your invaluable contribution to the Board. To our staff, volunteers, supporters and customers that make the magic happen: THANK YOU. We fully recognise that our strength lies with our people and our passion for making a difference to our beneficiaries, lives. Margaret Kerry Chair of Tru5tee5.
Achievements and Performance (April 2024 to March 2025) People Our progress... Adopted a Real Living Wage ethos Agreed to fund new accessible toilet facilities at Snakehall Farm from reserves Agreed to new projects to enhance the skills of Co-workers Completed a Trustee skills workshop Hosted DofE and school work experiente placements Hosted quarterly carer coffee mornings at Snakehall Farm and at Unwrapped, giving carers a voice on the support we deliver Hosted 681 corporate work volunteers at Snakehall Farm Last year we said we would.... Develop and invest in our people and facilities Social Enterprise Our progress... Recruited a full time Enterprise Kitchen support worker to develop our bakes and cakes offering Sold 1.2 tonnes of leafy vegetables from 5nakehall Farm, 8,795 CUP5 of coffee from Unwrapped, 1827 vegan sausage rolls from the Enterprise Kitchen and 575 hours of gardening from the Garden Team Invested £12,000 in new tools and equipment Last year we said we would.... Consolidate and improve what we already deliver Development Our progress... Nature ReseThe Warden role identified as crucial to success of project Eco shelter cabin built with plans to hire out to local groups 5(Kl trees planted Circular accessible pathway completed Disabled access gates installed Local community using area for walks Last year we said we would.... Re -wild and shape the 7.5-acre field into a haven for wildlife and the natural environment accessible to the public Impact Our progress... Provided a day placement to 85 individuals on a weekly basis. for 50 weeks of the year. This has grown frorn 64 individuals 5 years ago. Delivered 39.250 hours of meaningful work-related support to adults with additional needs Snakehall Farm Open Day hosted. Event supported by over 500 people. 18 people Skydived to raise money with a Parachute Jump for Prospects. A Staff and Trustee team did a Farm to Fork Sponsored Walk from Snakehall Farm to Unwrapped, connecting two sites of . our local charity. Cambridge Half Marathon run by Team Lensfield Surpassed our £35,000 fundraising target by £9,000. Last year we said we would.... Consolidate and improve what we already deliver Celebrate our 35 birthday with an Open Day at Snakehall Farm. Host a number of exciting fundraising events throughout the year. Launch our £35K for 35 Years Appeal.
Sustainability Our progress... Submitted a successful application for enhanced uplifts to current Carnbridgeshire CC fees Historical fees uplifted to same rate as new fees Successfully tendered to Cambridge & Peterborough ICB to accept fully funded health packages Last year we said we would.... Advocate for an across-the-board placement fee rate that is fair to Co-workers and pays fairly for our quality social care provision Next year we will: l. People: Finalise succession plans for both staff and Trustees. recruit a Nature Reserve Warden, carry out a Co-worker satisfaction survey. encourage promotion from within philosophy to upskill existing team, invest in in-house PROACT-SCIPr trainers. 2. Social Enterprise: Maintain current level of income. improve existing offerings responding to customer-led needs. 3. Development.. Animate the Nature Reserve, build a new toilet block, project manage the Life Skills project. 4. Impart: Focus on attracting routes to employment referrals. providing specialist Itol support for people with complex needs. 5. Sustsinability: Review and release charitable reserves. conduct an ethical evaluation of financial functions, ensure all of our developments and actions have a positive sustainable impact. Financial Review At the end of this financial period, 31st March 2025, the income for this year amounted to £979,123 {2024 . £840,968) and expenditure amounted to £862,241 (2024 . £789,840). After taking account of a loss in value of investments the overall surplus was £109,120. th Flnancial Reserves Policy: Trustees reviewed and agreed an updated Reseryes Policy on the 28 of November 2023 in light of The Trusys increase in income and expenditure. Total reserves agreed at £270,000.. of which £220,000 is 3 months costs adversity reserve under Trustee governance to allow continuity during a period of unforeseen difficulty and £50.000 is a flexible reseprfe to allow a rapid response to new income generating opportunities. General reserves this year are £551,435, as shown on the balance sheet on page 10. Three months costs are £215,560 for year to 31" March 2025. Trustees took the decision to draw on reserves if required over the next three years to support the fair remuneration of our dedicated staff. The Trustees have designated £IIXI,000 of reserves to fund a new toilet block. The whole project is budgeted to cost in excess of £200,000 and the surplus from 2024125 will be added to this fund. Work is expected to start in early 2026 and experted to be completed by summer 2026. The Trustees, at the date of approving the report and accounts, will continue to focu5 on ways to remain true to the purpose of the charity. minimising all charitable expenditure and overseeing a robust financial monitoring system. The Prospects Trust has no fund or subsidiary undertaking that is materially in deficit.
Structure, Govemance and Management Pay Policy: The Management Committee. formed of both the Management Team and Trustees. is responsible for directing, controllin& running, and operating the Trust, including pay policy. Certain decision5 e.g. 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 (Directors) give their tirne 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 Director with fundraising experience and proven track record in donor and grant management. The Trust adheres to the fundraising 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 Giving. Facebook, and in partnership with AVIVA Community Fund - Crowdfunder. There were no complaints made regarding The Trusys 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 is adhered to by The Trust with the Management Team responsible for daily compliance and the Trustee Board for strategic review. All grants and donations are spent in accordance with their terms and conditions of offer. Support from grant givers and friends of The Prospects Trust are acknowledged, and where permitted. on our charity communication channels induding social media, organisational newsletters, and website as appropriate. Recruitment and Appolntment of New Trustees: As stated within the Governing Documents, The Trust shall comprise of no more than 10 but no less than 3 serving Trustee5 (directors). All Trustees are subject to an enhanced DBS check, proof of identity and 2 references. Any new Trustee is invited to attend a Management Committee Meeting before being formally appointed on to the Board of Trustees at the Annual General Meeting or COpted onto the board at the next Management Committee Meeting. Trustee Govemance Trustees are expected to engage with and inform themselves about The Prospects Trust to gain an understanding of the organisation in working practice. Trustees must understand all or8anisational policies and procedures as well as their legal responsibilities for good governance as an appointed guardian of the charity before undertaking decision making on behalf of the organisation. Trustees will attend the Management Committee Meetings, Annual General Meeting and engage proactivelv in at least one of the Sub-committees: Project & Development. Finance, Co-worker Experience and Human Resources. The Prospects Trusts has no exemptions from disc105ure' and no funds held as custodian Trustee on behalf of others.
The Prospects Trust Charity registration number 1048584 Ststement of Trustees. Responsibilities The trustees are responsibje for preparing the trustees. report and the financial statements in accordance with the United Kingdom Accounb'ng SL3ndards (United Kingdom Generally Accepted Accounting Practice) and applicable law and regUlatnS. The law applicable to charities requires the trustees to prepare financial statements for each financial year which give a true and fair view of the state of affairs of the charity and of the incoming reSoUrS and applicatron of resources of the charity for that period. In preparing these financial statements, the trustees a required to". select suitable accounting policies and then apply them consistenty,. observe the methods and principles in the Charrties SORP. make Judgements and ests'mates that are reasonable and prudent. state whether applicable accounting stsndards have been followed, subject lo any material departures disclosed and explained in the financial ststements; and prepare the financial statements on the going concern basis unless it is inappropriate to presume that the charity wrll continue in business. The trustees are responsible for keeping proper accounting records that disclose with reasonable accuracy at any time the financial position of the charity and enable them to ensure that the financial statements comply wrth the Charities Act 2011. the applicable Charities {Accounts and Reports) Regulations, and the provisions of the constitution. The trustees are also responsible for safeguarding the assets of the charity and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities. Approved by the trustees of the charity on 16 / /35 and signed on its behalf by: li Margaret Kerry Chairman
The Prospects Trust Independent Examiner's Report to the trustees of The Prospects Trust I report on the accounls of the charty for the year ended 31 March 2025 which are set out on pages 9 to 19. Respectlve responsibilitles of trustees and examiner The trustees are responsible for the preparation of the accounts. The trustees consider that an audit is not required for this year under section 144(2) of the Charities Act 2011 (the 2011 Act) and that an independent examination is needed. The charityls gross income exceeded £250,000 and I am qualified to undertake the examinalion by being a qualified member of the Association of Chartered Certified Accountants. It is my responsibility to: examine the accounts under section 145 of the 2011 Act: to follow the procedures laid in the general Directions given by the Charity Commission under section 145{5Mb) of the 2011 Act" and to state whether particular matters have come to my attention. Basls of Independent examlnerfs report My examination was carried out in accordance with the general Directions given by the Charity Comrnission. An examination includes a review of the aCUnting records kept by the charity and a comparison of the accounts presented with those records. 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 proCedUS undertaken do not provide all the evidence that would be required in an audit and consequently no opinion is given as to whelher the accounts present a 'true and fair view, and the report is limited to those matters set out in the next statement. Independent examinevs statemenl In connection with my examinati¢)n, no matter has come to my attention: (1) which gives me reasonable cause to believe that in any material respecl the requirements: to keep acry)unling records in accordance with section 130 of the Charities Act 2011" and to prepare accounts which accord with the accounting records and comply with the accounting requirements of the 2011 Act have not been met: or {2) to which, in my opinion, attention should be drawn in order to enable a proper understanding of the accounts to be reached. Gary Eves FCCA Association of Chartered Certified Accountants Fairway Tax and Accounting Limited Chartered Certified Accounlants 11C Alma Road King's Lynn PE317NY 119 2025
The Prospects Trust Statemenl of Flnancl¥l AltI•¥ for the year •nd•d 31 March 2025 Unweslrtc¢•d Iwnds General Deslgnaled Total 2025 Total 2024 Donaticffls and legacies Charrtable trading income Investrnent income $4.018 891.472 18.184 225 15224 69,242 891,472 18.184 49.550 774.428 15.741 1.249 Total income 15,224 979.123 Expendllw• on: Costs ofgenwabng lunds Raising fvnds (16.087) {16,087) {18,$391 Chaniable acimtles Charitsble acti¥e$ 824.42 21.727 846.154 ni,301 T41 expnditure 640,514 1.727 862.241 89.840 Gainslllosses) or) disposal of liste¢ investment assets Gainslllosses) on listed investment assets revalualions .762 7.762 16.454 Not N)vsrnnt in fUts 115,6ZJ 6.503 109.120 67.582 R•COlI1a1lon of funds To1 fttnd$ brought for4 Transfe bthrten lunds 435.812 42.097 477.909 410.327 Tot41 lunds ¢affd fonrd 551.435 $87.029 Al of th• charitys aclivilies derive from continuin9 opw¥¢tsis thJrirth3 the m• wriods. Th• I7dS breakdoMI lor 2024 is shov4Tr in nott 16.
The Prospects Trust Charlty registratlon number Balance Sheet as at 31 March 2025 1048584 Nots• 2025 2024 Fixod assets Tangible assets Listed investments 11 12 22.754 175.218 197.972 28.115 182,980 211.095 Current assets Stock Other current assets Cash at bank and in hand 11,266 21,672 370.795 403,733 10,616 28.245 253,250 292,111 13 14 Credttorn: amounts falling due wlthin on? year 15 (14.676) (25,297) Not curront assets 389,057 266,814 Not a85•ts 587,029 477,909 Funds of the charlty: Unrestricted funds General Designated 16 551.435 35.594 435,812 42.097 Total lund8 587,029 477.909 Number Number 47 Average number of employees The directors are satisfied that the company is entiued to exemption from the requirement to obtain An audit under section 477 of the Companies Act 2006. The members have not required the company to obtain an audit in accordance with section 478 of the Act. The directors acknowledge their responsibilities for Complying with the requir)ents of the Companies Act 2006 with respect to accounts'ng records and the preparation of accounts. The accounts have been prepared in accordance with the special provisions applicable to companies subject to the small companies regime. The financial statements on pages 9 to 19 were approved ty the trustees. and authorised for issue and svJned on their behalf by. Naomi Rowe Treasurer 10
The Prospects Trust Notes to lh¢ Accounts for the year ended 31 March 2025 1 Accountlng poll¢los SL9tement of compliance The financial $tsternents have been prepared In actcffdwKe wih Accounting and Reporting by Charitses: Statement of R8cornmended Practice applicablo to ctsrthes wq>anng their a¢¢ounts in accordance Tmih the Financial ReF1Th9 Stsndard applicable in the UK and Republr of Ireland IFRS 1021 {eff8ctiv8 1 January 201SI - (Charibes SORP (FRS 10211, the Finan¢ial Rep)rting Standard aprfieable in the UK and Republlc of IrelarKI {FRS 102) and the Charities Act 2011. Basis of preparation The Prospects Trtl meets the definition of a public benefft entity under FRS 102. Ass8ts and Siabilities are initialy rec4Jwtsed a$ histM"¢al ¢ost or transactN)n value unless otherTh ststed in the relovant acCOtij pokcy rth. Exempllon from preparlng a cash Ilow statement The thanty opted to èarty adopt 8ullelin 1 published 2 FebnAry 2016 have therefore not Incded a cash fkm statement these financial statements. In¢offl• and •ndowm•nts Voluntsry income including donations, gffts, aCleS arKi that pn)vMJg core funding or ar• of a general naluro 1$ re¢>)gnised vthen the ¢harity has enti&Mant to the income, it is probabl& Ihal the income will be receNed and Ihe arnounl can be Msured with sufficient reliatshty. Donations and l•g•Gi•$ Donations and legacies afe recognised on a receivatdg tsa receipt is probabl• and Iho amount can be liabty measured. Inveslmenl income Intsrest on funds held on deposit is included receNable arKI the amount can be measured reliably by tt chari1, this is normally upon nolifi¢alion of the interest paTrd LV payable by the bank. Dividends are recognised once the dividend has been decL4red and notification has been receNed of the dividend due. Expendlture All expeftditu is ¢OgniSed once there is a legal or constnKtive obligation to that exp8ndilure. it is [b settlement required and the amount be measured rdiabty. All ¢osls are allocated to the applicable expendilure heading Ihat aggregate similar costs to Ihat category. Where &)sts ¢annot be dI¢Y attribubj to particular headings they have been allocated on a basi5 Cry7SiStent vlilh the use of r850urce$. ¥th central slaff costs alk)cated on Ihe basis of time spent, and deprecialton charges al(Kated on Ihe portion of th8 assefs use. Other $upport Costs are alio¢aled based on Ihe spread of staff costs. Charltabl• acllvitl•s Charitable expendilure comprise$ those Costs incurred by tharty in lh• defvery of its aclivities and ser¥eS for its benefiuaries. It irKludes both costs that b8 ¢*rectly ath)raled to such activities and ihose costs of an indire¢t nature neceswy to SUPF¥Xt Ihem. 11
The Prospects Trust Notes to the Accounts for the year ended 31 March 2025 Gov•rnanc• costs These include the costs attfibutsble lo th8 ChwiS c4xnpl'afKe th tonslltullonal and slalutory requrements. induding audit strategi¢ rnanagement and trustees. meetirwJs and roinknur5ed expenses. Tanglble fixed assets Indrvidual fixod assets ¢o$ling £100.00 or more are initialy recorded at cost. 18ss any subSeqt accunwlated detKeciatson aThJ sthquent accunulatèd impa1rffI bsses. OeprKiation and amortisation Depreciation is provided on tsngible fixed assets so as to lt• off the Cost or vahjation. less aiy esthnated reswjual val. over their expected useful economic1rf8 as follcTh¥s: set clas• Plant and machinory Motor vehKles LeasetK)Id improvements m•lhod aftd rate 11>20% straighl h'ne 25% $traKJhl hne 10% straight 111x1% in year of purchase Investments Investments comprise iDv8slments wi equity instruments e measured at lair value. Chwws in fair Value are recognised in profft or k)ss. Cash and ¢ash Oqubvalènts Cash and cash e(wivalenls comprise cash on har¥J and Cal deFJsits. and other short-tem highly liquMI investrnents thal are readily convertible to a kn(AtsTr anwnt of cash aThJ aro subJ"e¢t to lnsbgn5fi¢t risk of chare in value. Fund structu Unrestricted income lunds are general funds that are availabb ts uso at the trusl•os' distxetion in fvtheraE of objectives of the chkn. Fbnanclal Instrum•nts Cla$slfi¢atlon Financial assets and fmancial I'abililies are recryJnised tfvhvi Ihe tharity becornes a paty to the contractual provisions of the inslrumenl. Financial liabilities and equity instruments are dassifd xcording to the substance of the contractual arrangements entered into. An equity iftstrument bs any contracl that evwjences a residual interest in the assets of the charty after deducting all of ils liabilities. Recognlllon and measurement All finan¢Fal assets and 1kqbi1eS are iThlially measured at trans price (r111vj transactv)n $ts), except ft those financial assets classrfied as at fair vae thrwjh wofit or ktss. whi¢h are intbally measured al fair value {which is normally the transaction price excludiryJ transadiw costs). unless the arrangement ¢onstitutes a finanang transaction. If an arrangement constitutes a financiry transaction, the financial asset or finan¢ial liabilty 1$ rneaSUd * the wesenl vak of the fulure pa18 coun18d at a market rale of interest for a siry¥l¥ debt instrunrt. Financial assets and liabilities are onty offset in the stalemenl oi financial position when. and only when there exists a fegalty enforceable right lo set off the recognised amounts and the chanty intends either lo selU8 on a rt bas. or to reafise the asset and settle the liabilty simullaneousty. Financial assets are derecognised en and onty ¥then a) the ltraCtUal rights lo Ihe cash Ilows from the ffinanaal asset expire or are Settled. bl the charity transfefs to arK)ther paty substantially all of the risk5 and rewards of ownership of the financial asset, or cl the Charity. des1¢ havtng reta*ied some. tmrt not all. significant risks and rewards of ownership. has Iransfeffed control of the asset lo alm) paty. Financial liabilthes are derecognised only when the Swcified in Ihe ¢ontract 1$ dis¢hW. ¢ance1 or expl$. 12
The Prospects Trust Notes lo the Accounts for the year ended 31 March 2025 Investments in non-¢onveb1e preference sl&gres ar non-puttable ordinary or weference shares IwheTe shar8S a publicty traded or their fair value is reliabty measurable} are measur•d at fair vak¢ through profft or loss. Where fair value cannot be measured reliably, investsnents are measure(i al cost less vnpaimient. Investhnls in subsidiaries and associates are measured at cost less Impai1. For inv8$1menls In subsldlarfgs acquired for consideration including the issue of shares qualty.ng for meryjer reef. cost is measured by reference to the nominal value of the shores issued pJs lair value of othgr cons1d0rnt. kny premium Is ignored. Falr volu• msurement The best evidence of fair value is a quoled pri for an idontical asset in an adive martlet. When quoled prices are unavaikble, the price of a recent transaction for an identical assel prOdeS evvjence of fair value as k)ng as Ihere has not been a signrficant change in ecOrle Cifcumstsnces or a significant lapse of time Since the transa¢t took pF8ce. If the market is not active arKI recent transath.ons of an identical asset on thwr own are not a gc>J ¢St"male of falr value. the fair value is estimaled by using a valuation te¢hnique. 2 Income from dona¢ion$ and legacles Unrostri¢t•d General D•signalgd Total 2025 Total 2024 Donalions and legacies.. t)onalions Snakahall Farm Toilet Fun Cess Grant Bags of Joy Chiller Appeal EDMT Ety Firework Far Field project Gk)bal Make Some Noise Orchard Capital Orchard Facilities SF & G Workshops S4.018 54,018 6,072 16.054 1.908 5,030 200 3.538 6.072 250 2.864 10,000 8.000 1.206 7.752 7.752 1.4LKI 1,400 54,018 15.224 69.242 49,550 The total income from donati¢)ns and legacies was £69.242 (2024 - £49.550) of wl¥ch £54,01812024 - £16.054) was unrestncled general and £IS.224 {2024 - £33,496) was desKJnated. 13
The Prospects Trust Notes to the Accounts for tho year endod 31 March 2025 3 Charltablo tradlnq Incom• Unrw4trlct•d General Des1gnat•d Total 2025 Total 2024 Placem&nt fees Farm team generaled Inwme Garden leam generated incon Pew)nal Sup¥1 incoff Unwrapped 427.361 60,881 26.781 214.012 162.437 891.472 427.361 60.881 26,781 214.012 162.437 891.472 369.722 63,128 31,923 155.623 154.032 774.428 Th• total in¢ome charitable activities was £891,47212024 - £774.4281 of which £891,472 {2024 - £774,428) was unresth.cted gOr41 and £Nil12024- £Nil) was de$4qnated. 4 Inv•stm•nt in¢on Unrestrfcted G•n•ral D•slgnat•d Total 2025 Total 2024 In¢om8 from invesknents: Dividends Rgnl r•eèr¥8d Interest receivable and sinilar incomo: Gross bank inlerost 5,187 5.873 5,187 5.873 S.086 5,873 7.124 18,184 7.124 18.184 4.782 The total investmenl income vras £18.184 12024 - £15.741) of which £18.184 12024 - £15.741) vrds unrestricled general and £Nil (2024- £Nil} vrds dgnated. 5 Expendlture on ralslng fd% Unr•$tri¢t•d Gonoral Designatod Total 2024 2025 Deveknpmenvfvndraisiry salaries and NIC Fundraising costs Special events 9.983 941 5.163 16,087 9.983 941 5.163 16.087 17.643 896 18.539 The total experwjilure on raisirvJ fund$ was £16.087 12024 - £18.5391 of whith £16.087 (2024 - £18.539} was unrestricted general and £Nil12024- £Nill was designated. 14
The Prospects Trust Notes to the Accounts for the year ended 31 March 2025 6 Exp•ndltur• on Gharltabh actlvlll•s Unr•strld•d G•neral l)•slgnat•d Total 2025 Tot•1 2024 Farm team expenses Garden team ¢ynso$ UnwTapped Project costs Govemanee arKI wppM ¢osts 338.182 55.126 225.287 338,182 5S,126 225,287 21,727 205.832 846,154 329.006 49.656 215.725 29.397 147.517 771.301 21.727 824,427 21.727 7 Anatysis ol governan¢0 and support ¢osts UnrgslfiGt Gerberal Deslgnaled Total 2025 Tolal 2024 Office salaries Bank charges Clganing Computer expenses Electricity Equipment lèase Heath and safety Independent examviers fees Payroll services Postage and prinlirKJ Recrurtment and trawling Rent, rales and insurance Repairs and maintenance Staff travel and meetirKJs StatiOrry Steng expenses Subscriptions Sundries Telepknne and inter1 DepreeAation 118.326 679 1,782 2.176 9.195 45 2.757 2285 118,326 679 1,782 2.176 9.195 45 2,757 2,285 1.200 783 10.068 15,556 539 221 559 89.221 703 4.392 2.761 9.421 1.736 3.512 2.175 1.20D $45 7,677 13.802 2.899 299 783 10. 15,556 221 $59 163 265 365 1,689 3.404 34.169 1,689 3.404 34.169 1.741 3.235 205.832 205.832 147.517 The totsl expenditure on govemance and supw1 costs was £205.83212024- £147,517) of vthich £205,8321202 £147,517) was unrestricled general and £Nil (2024- £Nill was designated. 15
The Prospects Trusl Notes to the Accounts for the year ended 31 March 2025 8 Staff costs The avera nwnber of stsff employed durng Iho vras: Total 2025 Total 2024 Fultsme Pt 10 47 average full ts'me equNalenl numb8r of slaff eryboJd durirwj year was: Total Total 2025 2024 F1 tirn& oquivalent 23.2 21.6 Stsff costs induded in tho finan¢ial statements are Wen dMI as: Total 2025 Totsl 2024 Wages and salaries Social secunty costs Empwrfs pension contrityJlions 573,952 29.775 10.644 614.371 526.041 26.805 9.714 562.560 No empbyees recebViThJ employee benefts (excluding empbjw ¢osts) received mtye £60.000 in the ¢ufrent yew. 9 Trust••s r•muneratlon and exp•nsM' No tw$tees. nor any person rMnecled with them, have received any remuneration from the charity during the year. 10 Taxalion The clrIty is a reu¥stered charity arrfl operates on a rMIt wofft basis and Iherefore is not s[je¢l to cryration tax. The company registered for VAT on 1 May 2019 aTrJ its In(jy fr(xn its own generated sales are subi8cl to VAT Whe apwoprFate. 11 Tanglble fixed assets pkntand Machln•ry Loa¥ohold knprovem?nts V•hlcles Total Cosl At 1 April 2024 AddFtions at cost Sposals at ¢ost At 31 March 2025 108.005 35.810 207.054 37.275 350.869 40.159 110.889 35.810 244.329 391.028 Depreciation At 1 April 2024 Charge for the year Elimnated on dtsposals At 31 March 2025 95.163 35.810 191.781 39,457 322.754 45.520 101.226 35.810 231.238 368.274 Net book value At 1 April 2024 At 31 March 2025 12,842 15.273 13,091 28.115 22.754 16
The Prospè¢ts Trus¢ Notes to the Accounts for the year ended 31 March 2025 12 Llsl•d Investm•nts 2025 2024 Listed other shares 175,218 182.980 13 Olh•r cuff•nt assels 2025 2024 Trade debt(Ks Other deblors 21,288 27.861 21,672 28.245 14 Ca$h at b•nk and In hand 2025 2024 Cash at bank and in hand 370,795 370.795 253,250 253.250 15 Credltofs: amounls fallin9 due wllhirt one year 2025 2024 Other creditors Accruals 12.621 2.055 14.676 22.642 2,655 17
The Prospects Trust Notes to the Accounts for the year ended 31 March 2025 16 Funds Balanc• at 0110412024 Balance al Expendfture Transfers 3110312025 Income Unrestricted general 435.812 963.899 848.276 551.435 Designated: 30K foT 30 arS Snakehall Fami Toilet Fund Access Grant Anton Jurgèns 8ags of Joy CaTh)py of Care Chiltèr Appeal Far Field Project Fruithjl Leaming Lottery Covh Po[Unnel Appeal SF & G Wcwkshops Virgin 02 (943) 6,072 7.980 3.119 129 4,159 259 2(Kl 15.273 3.538 9.575 620 214 5.302 (1.0401 (1301 (2001 {2.1821 <3.5381 {8,7761 (3101 (214} (2.943) (1.400) 1511 13,091 7,752 8.551 310 2.359 1.400 11 42.097 15,224 (21,727} Tolal funds 477.909 979.123 870.003 587.029 18
The Prospects Trust Notes to the Ae¢ounts for the year ended 31 March 2025 Balance at 0110412023 Balance at 3110312024 Expendlturn Transfers Unf•slricted general 372,365 807,472 743.989 435,812 Deslgnated.. 30K for 30 years 35K for 35 years A¢¢ess Grant Anton Jurgen$ AZ Unwrapped Bags of Joy Canopy of Care Chiller Appeal EOMT Christmas Ety Firèwork Far Field Project Fruiilul Learning Global MSN Greening The Kerb Leaky Dishwasher Lottery Covid Nature Save Trust Orchard Capital Orchard Facilities POIvnnel Appeal Tractor Aid Virgin 02 1.887 (9441 943 1,908 4,159 259 {1,040) 1130) 13.0(Kl) 389 200 15,273 3,538 17.455 (2,182) 3,538 <500) 250 {307) (6.042) {310} {10,IM)I 57 12,753 930 9.575 620 10,OCrf) (681 (1411 227 426 {38) {8.000) {1.205) 10.309 245 1S7 (227) 1212) 214 {1} (551 (2451 {4.952) 5,302 (51} 37.962 33.496 129,3971 42,097 Total funds 410.327 773.386 Desl nated The deslgnaled funds are raised tr these proje¢ts are ¢rywlidated in the financial $talemenis. 17 Anatysls of net assets between funds Unrestri¢t•d General Dostgn•l•d Total Fixed assets Current assets Current liabilits'es 181.269 384.842 14.676 551.435 16.703 18,891 197.972 403.733 14,676 587.029 35.S94 18 Related party transa¢tions There were no related parties or r¢lat¢d paty transacti$ dur¥ tho year •nde0 31 MaT¢h 2025. 19