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
#280

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 ACC￿nting 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 CO￿pted 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 regUlat￿nS.
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
reSoUr￿S 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 aC￿Unting 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 proCedU￿S 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 A￿l￿tI•¥
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
T￿41 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 fU￿ts
115,6ZJ
6.503
109.120
67.582
R•CO￿lI1a1lon of funds
To￿1 fttnd$ brought for4*
Transfe￿ bthrten lunds
435.812
42.097
477.909
410.327
Tot41 lunds ¢aff*d fon￿rd
551.435
$87.029
Al of th• charitys aclivilies derive from continuin9 opw¥¢tsis thJrirth3 the *m• wriods.
Th• I￿7dS 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 $tsternents have been prepared In actcffdwKe wih Accounting and Reporting by Charitses:
Statement of R8cornmended Practice applicablo to ctsrthes wq>anng their a¢¢ounts in accordance Tmih the
Financial ReF￿1Th9 Stsndard applicable in the UK and Republr of Ireland IFRS 1021 {eff8ctiv8 1 January 201SI -
(Charibes SORP (FRS 10211, the Finan¢ial Rep)rting Standard aprfieable in the UK and Republlc of IrelarKI {FRS
102) and the Charities Act 2011.
Basis of preparation
The Prospects Trt￿l meets the definition of a public benefft entity under FRS 102. Ass8ts and Siabilities are initialy
rec4Jwtsed a$ histM"¢al ¢ost or transactN)n value unless otherTh ststed in the relovant acCO￿ti￿j pokcy rth.
Exempllon from preparlng a cash Ilow statement
The thanty opted to èarty adopt 8ullelin 1 published ￿ 2 FebnAry 2016 have therefore not Inc￿ded 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 M￿sured 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 Chwi￿S 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 subSeq￿￿t accunwlated
detKeciatson aThJ sthquent accunulatèd impa1rff￿I 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% $traKJhl hne
10% straight 111x1% in year of purchase
Investments
Investments comprise iDv8slments wi equity instruments *e measured at lair value. Chwws in fair Value
are recognised in profft or k)ss.
Cash and ¢ash Oqubvalènts
Cash and cash e(wivalenls comprise cash on har¥J and Cal deF*Jsits. and other short-tem highly liquMI
investrnents thal are readily convertible to a kn(AtsTr anwnt of cash aThJ aro subJ"e¢t to ￿ lnsbgn5fi¢￿t risk of
char￿e in value.
Fund structu
Unrestricted income lunds are general funds that are availabb ts uso at the trusl•os' distxetion in fvthera￿E of
objectives of the chkn.
Fbnanclal Instrum•nts
Cla$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 dassif*d 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 1kqbi1￿eS are iThlially measured at trans￿ price (r￿￿111vj transactv)n ￿$ts), except ft
those financial assets classrfied as at fair va￿e thrwjh wofit or ktss. whi¢h are intbally measured al fair value
{which is normally the transaction price excludiryJ transadiw costs). unless the arrangement ¢onstitutes a
finanang transaction. If an arrangement constitutes a financiry transaction, the financial asset or finan¢ial liabilty 1$
rneaSU￿d * the wesenl vak* of the fulure pa￿18 ￿￿coun18d at a market rale of interest for a siry¥l¥ debt
instrun*rt.
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 r*t ba*s.
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. des￿1¢ 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-¢onve￿b1e 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 Impai￿1. For inv8$1menls In subsldlarfgs
acquired for consideration including the issue of shares qualty.ng for meryjer re￿ef. cost is measured by reference
to the nominal value of the shores issued p*Js lair value of othgr cons1d0rnt￿. kny premium Is ignored.
Falr volu• m￿surement
The best evidence of fair value is a quoled pri￿ for an idontical asset in an adive martlet. When quoled prices are
unavaikble, the price of a recent transaction for an identical assel prO￿deS evvjence of fair value as k)ng as Ihere
has not been a signrficant change in ecOr￿le Cifcumstsnces or a significant lapse of time Since the transa¢t
took pF8ce. If the market is not active arKI recent transath.ons of an identical asset on thwr own are not a gc*>J
¢St"male of falr value. the fair value is estimaled by using a valuation te¢hnique.
2 Income from dona¢ion$ 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 g￿Or41 and £Nil12024- £Nil) was de$4qnated.
4 Inv•stm•nt in¢on
Unrestrfcted
G•n•ral
D•slgnat•d
Total
2025
Total
2024
In¢om8 from invesknents:
Dividends
Rgnl r•eèr¥8d
Interest receivable and sinilar incomo:
Gross bank inlerost
5,187
5.873
5,187
5.873
S.086
5,873
7.124
18,184
7.124
18.184
4.782
The total investmenl income vras £18.184 12024 - £15.741) of which £18.184 12024 - £15.741) vrds unrestricled
general and £Nil (2024- £Nil} vrds d￿gnated.
5 Expendlture on ralslng f￿d%
Unr•$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
StatiOr￿ry
Steng expenses
Subscriptions
Sundries
Telepknne and inter￿1
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
P*t
10
47
average full ts'me equNalenl numb8r of slaff eryboJ*d durirwj ￿ year was:
Total
Total
2025
2024
F￿1 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 cl￿rIty 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
POI￿vnnel 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