Company T￿15{ratiOn number.. 03686719
Charity Ic￿stratiON number: 1076541
The PROSPECTS Foundation
(A compaoy limited by guaraotee)
for thB Year Endcd 31 Octobw 2025
SPECTS
HYNDBURN'S COMMUNITY-OWNED
ENVIRONMENTAL CHARITY
1st Floor, Block C
The Wharf
Manch¢st¢r Road
Burnley
LomGa8hire
BBII IJG

The PROSPEcfs Foundatlon
Contents
Retcrcnce and AdministTrtive Detsils
Ttt￿t￿s, Rtport
2tolO
StatWOl of Re5poDsnJilitiG
Indyndcnt EXa￿l[￿C￿S ii¢p¢)rt
12
Sfatcm¢nt of Finati¢iAI knivitie5
13
Balan¢e Sherf
14
NoteB to the Finallc1￿ Statmwts
15to23

The PROSPECTS Foundvddon
Referen¢e and Administrative Detalls
Trnstees
Mr S Buttoft
MrN Co¢ Trc&gllTer
Mr R Clthliffe
Mr D Daiy
Mrs G L Hargre•ves
Mr S Hem]n8￿Y
M8 C Holmes
Mr M Hoplry. Crtbair
Mr J Scdes
Mr P Wmcent.Barnvo￿. Wic¢-Cb2Fr
Mts M Word¢n
r P Worswicl c￿a￿1r
Mrs M Worilen
Secretary
ChArlty Re￿AtrAtIO￿ Number
1076541
Compmny Re81otr*tton NvmbEr
03686719
Registered Offi
54 Bn)adway
LatscaslRitc
B85 IEW
1Mde￿dellt EAJnthier
KM
Chartered Aecoullt&nLs
1stFloor. Block C
The Ivharf
Manthester Road
Burnley
Lallcasliire
BBI I IJG
Solititors:
FMGS
New SouthwoTth Hall
Cu¥dalc Lane
S4mlesbury
Pr¢5ton
PR5 OUY
Banker6
Triodos Bank
Bnmel House
11 The Promcnade
BTiStol
BS8 3NN
Pag& I

The PROSPECTS Foundation
TTUStees' Report
The (twtees, are directors for the ENweÈ of company law. preseni the attrntal [4￿ together WI￿ the
fitwicial Statem¢[￿ of the charitabl¢ ￿Y for the ycar ¢ndcd 31 Octobcr 2025.
Trnrt
Mr P Britclifft {resI￿d 02105n025)
MY S Buth)n
MrNCort
Mr R Cunliffe
Mr D Daly
Mrs G L Haweaves13PFk)inted 31110712025)
Mr S Hcmtngway
Ms C Holmes
Mr M Hopley
Mr J Sca]es
Mx P Vincent-Banvood
Mrs M Worden
Mr P Worswick
Appolthtment and eledlon of Tru%tee¥
As pcr our Artielcx ofAs50ciation, thc Conrnittee shall cotjsxst of:
otse repre8entativcs from each of the Appioved PROSPECTS Panew an Approved PROSPEcfs Pand
being a PROSPECTS Pancl that has becn approved by1hB Mauagejnent Conllnittte
{b) otr teptcscntstivc of Hyndbllrn BorouBlk CounctE
(c)
onc tepErsentsttve of L8ncashiTe Cowity Council
(d) up to six member5 of the PROSPECTS F(xmd*son, ejected atthe AGM
(e)
up to Six C04JPtions appointed by the MAllagement Committee iti accordattcewith CIause 42.
tr•knfDg of Trniteei
The Mana8¢ment Committe¢ is responsible for the governance ond oiynll strategic dirwEiOll of the Foundatio
Th¢rfwr, Iru8kES to be *war¢ Jnd •le of meeling thLW resp)nsibiiities fot th¢ ben¢fit of all involve
ith the Foundation alld associated grr)up6 and organÉsations. The respon81￿]lIty of ensuring that ttwtees axe
given uppropriat¢ indudion lies with tbe ¢wrent Chairperson. Onc¢ tnJstee8 are appointed, they are giv¢n a
Trust¢e8 Induction P3¢k wbich include6 infomi&tion (Jn".
B￿kgrouttd itthrni&tion About Thc PROSPECTS Foundation including the governing d￿u￿WI
Latest Ann[￿1 Re￿rt And Financial StataheT]L4
OrganisatioDai Clwt and Tr￿ C4*ts of CorMIu
Chatity CoD]miwon Gtiidancc CC3 'Th¢ Ewllti41 Trust¢e' ij]cludin8 Ic8al ￿eSPonsIbl]ItiES of ChaTity
Trnstrs..
Appmpriate traiDitig i8 arranged for Trustw followxng consulra(ion theAr training needs.
Page 2

Tbe PROSPEcfs Foundatlon
Trustees, Report
In geDeraL the tnLStecs have overall respots￿Bility for tbe governancc amd strate8iG dirtccion of the Foundetio
The <tay-to.dw operntionai ofthc FouThdatÈon is delegated￿ the Charity Mandger.
The PROSPECTS
of the PROSPECTS PaDds has represeDtative appointed to the PRoSPE￿s Foundation Matsagem￿t
Conllllitte
The tr￿steeS b￿e assessed tlLC roaior risks to whidl the dwity is exposaL in particular those rela￿1 to the
cyeEationand finatwL of the charity attd satisfied tbat systan8 are in place to mitig&tr theTr exposwe ro titsior
risks.
The Cjwiry the following inguratt¢¥ tover in place:
Employers Liability. £10 ￿11110￿
blic Liability, £5 million
Prnducts Liability. £5 milligll
Tntstee Liability. £l,(J)O.000
Personal AccAdent Cover for Stsff. TntstecÉ & VoluDteers £IO.O(K)
Contents Cover
gal Exptnses £250.(INJ
Owr Visio
An ¢ttvironmeutslly 5U8tsillablfy bI￿lIverSe. low carth)n Hyndbum whar people wolk together to pmlect the
Our Ml561on
To in5pirc and SUPE￿ people fn)nL all Cornm￿ to PTrtectthe environmeDL
Our Fovr Prospcets Developn*nt Goth
PEOPLE. More ￿le atc CD8aged in conjmwty.led 8olutions which proteGI the enviromnettt for current attd
PLACE . Morenattjral habitats are v8h￿l and ca￿d for alld b#L¢fitiDg eV￿One,S healtb ottd we]IbtinB.
PLANET. MotE PX4)le ère clitDatr awarc aod ￿e all naDJrnI resources wisdy.
PROSPEcfs - Improved acccgs to in8piratio￿ suNyort and fiumls for com1￿ty-1￿ fA)lUtiO￿ fmm a well
resourced and governed enabling charity. thc PROSPECTS Foun¢JatiotL
Page 3

The PROSPEcfs Foundatlon
Trustees, Report
OUR CHARITYIS OWLCTS
P￿bItC Beneflt
The Injstees confirm that ￿ bave paid thie regard to tht Chatity CthatniSSi4)n 8uidancE oo public bencfit
reporttng in deciding what acLtvitics the charicy sbou]d undertake.
The objcctg of the Fowidation. Lq set out iti our ArtTclc& ofAssociaiion (May 2016), ￿ 2$ follows:
A) The Athnc¢ment of Environmentsl Protectio￿ or ImpriJvcmcnL inGludin8:
al) the eonservation of flor4 fauna atsd the natur41 u]vironTuent in Hyndbum generally,
82) the edu¢ation ofthe public around lo￿ and global sustaithEe dcvclopment a]Ml biodiversiw. aDd
83) the prntnotiott Df r¥¢]itig and 8ustaiAable wask mattagcmcnt
B) Thr Advallcctnrnt of Citiz¢llsTrllP alld Commww DevelopmcnL itic1ud1￿.
bl) thc prornotion of volunteafftg to tDiprovE skill4 wzlities aDd life prDSpects for ￿Idents of Hyndbm"
b2) the proTnotion of commuDity capactty buildin8 ID of ¢nviroJTrmelltai and sustainabl¢ development
b3) thc promot(on of urban and rurnl regene￿lOtt Hyiulkn in rel8tioJ) to sustatDablE developinejit for
UTart thlllre getmtiorts.
OUR CHARITYS ACTIVITIES BETWEEN N0￿MBER 2024 AND ocfoBER 2025
ltt orderto achieve the dwitable olit¢tS 5Et out abov< thr FouDdatioa cazried out the followitig progtamm&s of
work whilst also spcndtng time h)uking fur fundtng Io GOntinu¢ projects b￿0nd the end of the ftnancial year.
. Wlndlall Benefit Fund
EnergieKolltOT UK Ltd. hag orcat¢d the 'Windfall Fwid. for tbe 25-yw lif¢ of the wind f8nn ott oswald￿1slle
Moor in Hylldburn. The PROSPBCTS Fowmtstion ￿1v¢S £105.000 per year (iDd¢x-linked from February
2010) to employ a COnll￿ty Project Managrr atrjd pmvidc a capital fuod to 8UPPOrt voluttbx groups in
Hyndbwn in developing projects in linc with our six Sustainability themes.
Dwyng the year we reccivcd income of £190,993 fot the Windfall Fund Total CA￿dIture during the year
arnounted to £118,627 and consisted of grdnts paid out plu8 the Costs of the Fun(t
Thcr¢ arc four fimding deadli￿ pttyear fot Str(￿ and tArgc grant& Mitti canbc applied for at any titne.
The amount available fur Mini ba8 remained at £1,0￿ per proj# Small gtallts ar? up to £5,000 per
pmjcct a[￿ t￿g¢ grants are above £5.000.
Oyer the financial year o i(rtai of 36 gfdnts were paid oiQ irtcluding 25 miT]i grnnts toknlling £19.662. 4 STnall
grnnts totalling £12.984 and 7 Large rn totslling £118 859. locluded in these totals the grants paid to Thc
PROSPECTS Foundation tr)tslling £S7,109 towardR th¢ iollowitig projects - Br(thid¢ Restoratioffj EcfrFest
2025. Hyndbwn's Nature Reserves and Community Tre¢Action. Overall, £151,505 was pa?d out in 8rnnts
dwillg the year.
b. Outdofjr I￿arnIng
Wc secured funding for this thTK yw progratnm¢ from tb¢ Ern&st Cook Tn￿t. The ptD8t8nnDe was aimed &t
helpittg pcoplc with the outdoors and Iwn aLN)ut environrllell¢al n￿agernent througb activities and
wurk&bops with a specific focus on ways to miEig3ts climat¢ dwig
Page 4

The PROSPECTS Foundadon
Trustees, Report
This includcdvffjking with a uujnbtr ofschoots and conllmTniry Eroups and carriedoul a¢tivities includitig food
gri)wing &t Millertold allothicnL constructiTtg model wind tuybincs with school childreffj wreath makin& forest
xchool act[vIti￿ and leaditig 8uidcd walk& The project Came to an iti July 2025.
The income cattied frnd from the previous finaticiai year and the expendifllr¢ duritt8 the year totailed
£20.548.
coMm￿nIty Treoaed(
We secwed thr fiJndin8 for this prOj￿t fium Hyndbllm Borough CowKil's aim&tr Ernergency bud8eL ThTS has
b¢cn cxtended ro a four yw project Twhicb started tti July 2023 with the ain) of planting at le8St 15 000 tree8
(contributing towards the tr¢e for every residellt tatget) by thc cnd of Juue 2027. M06t of the trEes will be
plaDted Otrk HyTrdbwn Borough COU￿11 lall
IncomE of £8.429 received from T￿S for Cities. £20,000 from Hyndbum Biwough CounciL £2.060 from
Equan5 Reg¢ll¢ralion Lt￿ £6,678 from a Crowd Fundill8 campaigtt through Aviva and £1.560 f[x)m
llW¢rn¢Dt f¢e& E￿endi1￿c f￿ the yeat tothllcd £53.415.
Hyndburn Woodlnds
This projrGt is rcsponsible for the manageM￿t of l O larusbire Counry Coun¢71 owned woodlands within th¢
Hyndbwn Bomugh, with a particular en)phasis ott lvhinney Hi]] wood1w￿. plus other woodland related work
8cro&s Hyndburn. This project stsrted iti July 2023 and ￿1[ fur three yfJrs Ut￿1£ thc End of June 2026. W¢
have secured fiTnditig for this from Lalle&shire Cowity Coullctl and Hylldbum BDrough CouDciI (Seetioa
106 monics).
The income was carried fotward froftl th¢ previous finatt¢ial yeor atsd the expenditure for the year trtalled
£27.904.
e. Brookslde Restor*tloTh Inttl•ttYe
We have been wotkillg on a Dew project aiming to tmsforn) the old BrfK)ksid¢ iDdustrial sit in Stanhill villa8¢
in Oswaldtwisdc into a baven of biodivttsity. habAtst recovery. carbon capture and dimate actlon. The ftrst 18
month development phase. funded by The Nati(th￿ LDttery Climat Action Fund w&8 a patthet3hip between
PROSPBCTS, Hyndblull Borough Council. L4ticasFurc Wildlife Trns4 Ribblc Rivers fnwL Statihill Village
Community AssoGiation and Proff1￿. Inves*ng in comm￿ltieS. CIC aDd cam¢ to att end io srpkmb￿ 2025.
During that time we wotkcd wTrth volunteers attd COtt￿vnity groups on h4bitat and aecess itw)rDVCm￿ts 4nd
gathered the views of the local Conun￿)Ity to iufomi the pToduc4iott of a maste￿18￿ which will steer all fvture
We rrceived 'tr8osttion' fundin8 from Hyndbllrn BotOU8h Calln¢il and the Willdf811 Fund to ¢ontiDU¢ thc
projectto Jutte 2026 w]Jil￿ we look for longcr funditi8.
Income Teceived during the ycar £41.561 from The Na¢ionat Lotttry and £465 from dontitionslintrrest
paym¢n78. Expenditure totalled £108.068.
f. Hyndburn Ngtur¢ Reserv
Thc Hyndbwn NJture Reserves project devdoped out ofthe c¢)mpl¢ted Peel Pth Pollinator project aod stxrtcd
iti Novcnkner 2024. The project aims to iD)prov¢ the biodivcrsity and acc&sstrJility to three lo¢al nattwe reserves
ill HyndbU￿L The Projea Officer cwrics out conservation maTrwenL cttizen scieoLZ 5urv¢ys and supports
4)trrtnimity activiticB. All work will be uDdutakcn with th¢ swwort of local voluDtett8. Th¢R 15 sufficient
fimditig forthc ptoj¢¢t to Tuuulltil th¢ ¢nd of April 2027.
Page 5

The PROSPECTS FoundAtlon
Trnstees, Report
Inconie rec¢ived during the yw for tbis project totsLleAI £12.Q69 Incl￿￿1￿8 £9.000 frortt Hyttdburn Boiough
Couucil atyj £3069 from donations. ￿pendi￿￿e was £44.082.
. Low Carboll Buildfings
S Wa8 a yw long wojeck fiJnd¢d by Elr4ttiCiiy North West's 'Powerii)8 Ow Cotntwuu¢ies' gnd th¢
Windfr411 Fund until 2025, to help community blltldings in Hyndlxwn lower their carEN)n footprint and take
action ag4tDSt climate change. By improvitig the ¢ll¢Day efficAency of their buildiw. CQUUDUtuty orgatii5ations
w¢re able to reduce their energy C￿8, helpiog tbem to bcri)m¢ nwTr fKDancially viable. meaning th¥y could
coutiuue to providr valuable se￿1¢2$ sUPPOrt local peopl& As a te&uli their bwilthgs were also warn7er.
providing a morr Wel￿nIng Space foruserJ. C(ymmunEty groups Wtfc SUPPOrted in obtaining aD energy audit of
tbeir buildtllgs and applying for fi]ttthg for energy effiGiency attd tcn¢wEbk rncr8y nwsure8.
The ittcome carrled forward from the previow y¢4r 8nd the expendj'wre for the year w¥s £13.238.
h. GrextHarwood Memorl*l PArlK
We WOTked in p8rtsitixbip to dclivcr woodla1￿ Iwv¢M￿(S at PaTk in GTrat Ha￿0￿ as part of a
largcr Hyttdburn Borough CouD¢il projcd funded by tb¢ National L(rtt¢ry Heritage Fund We carrÈed out work
in Round Wood iticluding the rejnoval of illvasivc AMMkth(troll. We also designed a naDre trail arouJMI the
Park and worked with a lo¢&i school on the desigtt of a fO￿st school att
The income was carried fonv&rd from th¢ pwous financial year and the ¢xtKndityJre on the project during th¢
yedf Vds £3,177.
L Ecv F¢&t 2025
We beld our fourth very succes5fid Ero F¢st OD Broadway in Accringtortr in June 2025. It thlbled us fo promotr
PRoSPE￿s to a wid¢ audtencc atld on th¢ day we made over 250 de¢oTated wood cookies artd gavc awdy
mrjre thAn 250 goody bags. Hund￿dS of people visited our st&ll and rnally ellquired alM)ut volunteeritig with us
people and signcd up to our mailing lisL W¢ hosted over 20 stall5 from other enNryrotunentsl organisatiO￿ and
cl)aritie4 and pmmoted sll thitigs via talkn deM￿￿tIOn% pufornwKe8 and hands.011 activities.
Wc rK¢ivd fimditig for the ev￿ iotalling £10,036. from Hythlth Borough Council, the Willdfall the
Duchy of L￿&￿tEr and doD&lions. Thetotal expenditillt ottthc fe%tiv￿ WHS £13.779.
J. Woody fflyndbDrnJ CTC
DwinB the ye4r the Prospects. st3ff r¢mtitiucd to provide some limited support co Wooty ￿￿dbUrn) CIC
(￿giSte￿I eompauy mmnbet 07984087). one of our linked social enlerprise4. Woody (Hylldburn) CIC was 5Et
up by The PROSPECTS FouttdatiDll tvKIvk y¢ars ago and 15 legally and fjnauciauy a separnte organisation. It IS
completely volunteer led atld almost all of its income 18 generated from woodlalld m8went contrdGt work
and woodltsmber sale8. The a&%ct loBk for Woody (Hyndburn) CIC is Th¢ PROSPEcfs Foundation. whi
means tb&t a55ets, (including any profits) tnust b¢ retaincd withih tb¢ CIC to be L8ed for thc ￿Mm￿)Ity
PUWObes for v/bich it was fomi4 or caD be trausfeTred and used to benefit th¢ VmAk of (b¢ PROSPEcrs
Foundation.
PTOSPE£ts Communtty Energy
We ￿50 provided some support to Pro4xcts COmmu￿tty En¢rgy Ltd (PCE), a con]munity bEnefit sociecy. set
to take foTr￿d the feAsibiliry sthty alld liinre devdopm¢nt of a solaT Theadow at our sitc at Coach Road in
oswaldtwlst￿ PCE. ful￿￿ by thc Rural Cotillnwtity Ellu&y Fund OiCEF) and morB ￿EntlY the ComM￿ty
Energy Flll￿ (CEF) aAd Hyndburn Borough bas beeD W0￿&ng with SharencAEy to move this
d￿"elOpInellt forward.
Page 6

The PROSPECTS FDundatlDn
Trustees, Report
l. TiDkn BrookTree Nunery
Thc Tinker Brook sit¢ has beth Icascd by th¢ charity from Hylld￿ Borou8h COW￿11 sin¢e 1998. In 2007 th
cbaTity entered into a new le&se wEth the C(AmLiI for the sit¢ that will expire YA A￿￿ 2031. The sitc 15
utrntly used on a day to day b&qAg to facilitate I￿rti￿ltUral training and day care services for people with
learning difficultie& This servicc ig provided by TiDker BIook Supwjrt Services CIC. re8i8tcred cotnpany
numèrtT 11839753.
. Co#eh Road Me&dows
Th¢ laod at CoaclL Road Meadow pllwhas￿ by the PROSPECTS Foundatioo in March 2005. During the
last few years Prospecrs Community Energy h&s bcen taking forward plans to drvelop 4 801ar mradow on
thc sitr (sec above). Planning perniission for the solar iDs(Ri]atsDn was grantcd itt 2024 and PROSPECTS
exp¢cts VAII ha￿ to fornially l¢as¢ the 8its ￿ PCE Ltd (or other Suitable devel(W1￿C Or￿lIS￿tiOn) to ettabl¢
thc developmeni Tthith will result in secwng a mll aTmU￿ income. Charity ComiYi&Nion advi¢¢ bcBm
sought in rdLLion to tbc 8rattkng of the Ivase.
n. Chartry Developn￿tyt work
A attd CB5ential part of our involves securing cxternal funthns m order to rontill￿ our chatity
work. Duritig thc yur we Suc¢&$sfi￿ with new funditig applications to the Willdfa]l Fulld. Hyndburn
Boroug& Couttcil and DuGhy of L￿￿aster. Jn addition. we We￿ bble to genernte donations for a coJrJmuntry trce
]rgery throu8b thc use of a Crowd F￿￿er online plitforttL
Other Charity DcveloIHu¢irt w(￿k has Incb￿¢d orgarAising and faciiit2tiDg m￿C￿ent Committcc and FillanL¢
Group meetings. Th¢ AGM was held * Statihill m¢th￿ist Church in Oswaldtwisde wha? we look￿ at the
ILabitai and acrc&s Under￿en 8t Btithid& The H￿rk hftg al80 illL"iudcd liaising with utsd
staff to monitor projrd budgets and funder motiitoritsg requirements thc line mwement of stkff.
The pro￿$& of changing the fDrrnat of The PROSpE￿s Fuundation from a re8iStml charity and
¢ompaDy limited by guarantee to a Charitab]e Incotyoftxted Organisation (CIO) is Mill on hol(L ThE advantages
w¢v¢r of th¢ new stNctt]re v￿ll1d irnclud¢ the fact that will only have to be filcd with Charity
Cl￿T￿lS570n and not with Companics Hous¢ as well. there will b¢ no dual regulation. Tn￿￿¢$ will still benefit
from limitEd liability. and the stsuctllte is Spc4ifi￿]Y de8igll¢d for Ch￿Ities.
W¢ al&) ¢ornpletr41 the pmcass of wziting a new 5 year Developmetyi Plan to 2030. which will guide our
harit¥ble ￿tiVItieS and be vjiddy pronM)ted and L4ed to guFp)rt fud￿¢ fimding bids.
£44,755.
Th¢ Eharity ha5 g¢Jn¢ from stra]gth to 8tr¢Dgth ID the last ¢ow)le of years alld thlling thc Jnajority Df the
202412025 ye4r we bad 8 stsff. the most in th¢ rhatity's thistory.
o. The PROSPEcfs P*hels
The PROSPF£TS Pallds are separate entities aDd their fjnallc¢5 doDot therefore show in ow accowts. Th¢y are
an importanl part of the PROSPECTS movemfal 3nd deliva. a range of volunteer piojects itt their
nthgljbourhoods that arc importallt to local pcvplc. There AS a ￿lationship of muthality beNVe￿ the FoT]tidatio
aod the Pattels. The Fouudation provide4 centralised sttvicts to support the work of the Panels, and the Pauels
frequently provide Yolunteer skilled labour to wo]* on projects other than thcir OVnL PotteRs s¢lect a
representstive ￿ serye on the FoundAtion's m2nagcmuit cotiurrittec. Four of th¢ cl￿tt Pa1￿5 are cutrently
acLive." Baxendcn comn￿ty Fon]m. Clayton-Ic-Moor5 W5th Altham Prospeets Pane]. Huocoat Commwiity
Fonmi and Rishton Proswts Panel. During thc yw Prospects staff Suppo￿ thr panels Frith a number of
project&
Pa8e 7

The PROSPECTS FoundatiDII
Trusters, Report
Volunteer toMtrllithtion5 to Ihe PRospKcfs FouDdatlDn
The Foulldation cxists to uwble cOn￿D￿lty effort and the tThsttts are happy tr) &kth)wledge thc conknbution
that ¢)ur volunteer8 rngk¢ ia terms of givin8 their ovrn valuable titne, support, advice and help we fully
Tecogni8c that thi8 Stipport is vital in the Fcrtv)d￿iott to achieve its chatitable tsbjtc￿ It is this
enonnous volunteer effort that deffftc&q PROSPEcfs as a whole attd whiGb ensurcA that the work aGhicvcd is
far. far 8reater than that represent¢d ty th¢ Fo￿dItio￿,9 rott￿[ e¢coMnf8. It is tho backborye of everything we
The attached statemetits thow the Slate ofth¢ finatscu.
itsGvmin8 dcErcascd from £48&601 to ￿58.338, a d¢Gt¢ase of£128.263 from th¢ previ￿8 yew.
The toLg1 resourccs ¢Xp￿d￿ incttased troti) £444.547 ￿ £459.860. ats inGrcase of £15.403 from the pr¢vious
year. The uetT¢du¢tion in resources for the ye8r was £101,522
Restricted income for sErtif￿ athililitt totslled £317.942 kntal regtricknl expenditure was £432236. Thc
ov¢raU baLallce on restricted fimd8 was £253.535 at the 31st Odob¢r2025.
The size of thc ba1￿Ce 18 dnc kn grnots paid io advan¢¢ of exP¢Ddit[￿ in¢utr¢d. Tbc ba]azKe will be
calricd fonwd attd spEni on spxific schcmu.
Pollcy OH r¢serv
The Tn]stces bave adopte(E a pwjlity re8arth8 whith ewwt8 we arc abl¢ to all our current and
ruiurc liabiliti¢s and is rrvicwcd anttualty and apprnved by the Mstlagemcllt Coxnlljiitee. As we ar¢ 80 dwendent
on grants it is cotisidercd that th¢ I￿¢1 of T￿¢￿¢8 ll¢cdo to br ￿equal¢ to ma11rt￿ coTr a¢tivitie& and that the
equivalcnt of thrcc moTth of ttJta] expendtture is appropriatr (being approxi￿1￿tEty £114.965). Dluing the yeat
thc ul￿trIcted resctv&s illcre¥￿ £139J84 to £140.410. Th¢ R￿tv&S iDdud¢ £15,000 up in fixed
a$5ets. Hcnce, free reserves aMOw￿ to £125.4lO.
PLANS FOR FirruRE PERIODS
The key ts8ks tbat h&v¢ iwi ideDtifted for tbe fortbcomitig year are as foltOW8'.
Str*tegle
Review and set Ain￿ a￿d Obj'ectives atmually (en￿1ng 'c{mu￿ty. feature4 as much as 'EttvironmNTt'
nd that all OUT themu are well representedl
Promote the Deveiopmcnt Pla￿ especially in the ligbt of the UPCDming tA)cal Govunment Reorg4tiis&tion
Ensurc wide co￿￿1t￿￿o￿ with th¢ broad¢r lo￿1 c¢)mmullity ts) hclp itillu6ttc¢ ourcnr wid fijttre
progt3rnmt4 proiectg alld acttvities
Kecp Ut￿Et Teview tbe make.up of the M2tJA8emenl Commili¢e in ternis of community r¢pr¢sentAtioffj and
relcvant skills
Rxonsider the converbion of our status from a CFthrity into gl ChAEltabl¢ IncoTpor￿ organt￿tiott (CIO)
¢iima¢e chatt8¢ is atthe ¢oxe of our d￿lS1oD$ atsd ￿1Vi￿¢S
Maintain and develop good tt18tions with orga￿lSatIOns to further the aims of thc chuity and to
ensure elimate Chal￿ As on the wider 28ettda throughout Hyndbum
Work Gloscly wtill PROSPECTS Cijrotllumty Encw ÉD &SSiSt with tjke dcvelDpmetst of thz solar meadow at
Coaeh Road
Work closety with Hyudburn BoTough COWKFI and trtwrees ¢Jver the plans for [￿C￿l Government
Reorganisatiw and the iJDp&ct on the Fowmlalion
Pag¢ 8

The PROSPECTS Foundatlon
Trusteesl Report
Work closely to t￿tInTe muLu81 support wtth Woody (Hyndburn) CIQ rnballciog thc *rllbeitig of
Hyndbum's woodla￿ls, Èockiug th¢ yah￿ of cottll￿ty effort ¥thd the best of fiEJaDciat resources. at
devdoping a small local woodlalld economy
ProJtcts & ProgTamJn
Revi¢w exi5lsDg w7)jKt8 alld amend leAthatscc l improve as necessary
Secure contri￿at￿Ott fwiding for existing projects and 50urc¢ fiwdiDg fir newprojcct activities
Continued 4nttU41 review of the delivery of grants to the community thr￿gh th¢ Witidf4ll cOD]m￿tty Fund
and ¢4rry out 4 fom)al. Inde￿dent ¢ottsultant-led evaluation of the Fund
CbArity M8n*gcment
Update alld revi¢w policies in the Staff Handl)nok As and whcn ]Eeces8ary, prioritising Safeguardin&
Volunt¢eriti& Elealth & Safety alld Equality & Diversity. buyxtiB iti ext¢rnal help whtre Tequtred
Assess the ttttd for more fwnwl HR support to strengthell our governallce ¥tKi managetFJent polictes and
P￿edureS
Ensu￿ regular nionitoring &lld ev&ll￿tiOn of all our wo
Improve faeilities atour Eovirolltne￿ Cerrtre our trainitig cetttrell(KTrl.store itt Oakhill ParL
Review the suitsbility of our CUTrent prrmIS￿ for the need8 of the chtirity's xtivi17&4
I￿1 togethcr a training progtaTDtuc fortn￿ and staff inc]uding C8rbon LitsEcy training and dcvdopment
of awxrenc&g Df commom purp05C
Fllrther TForkp]annzd for 2025126 kndlldes:
Gcnerate new Project ideas wlth clitDatc thange at tr hc4rt of what do. 8ttd partic￿1* in ftspoJ)se to
th¢ kntion Plan ass￿la￿d WAth the new Dcvclopment Pl2
Work G105ely with HYndlM￿n Borougb Couttcll and other parLnets to devdop projects across the borollgh
includin8 in relation ￿ L(Jcal Gov¢nJmetkt RtorgaDi5atio
Tncw PROSPEcfs Foundation mcrnber8hzp
Conrinue ¢k)serwthing with atsd developjnent of the PROSPECTS Pancls
Take ott and fth develop a new allotment Site at Growing Wild in BKcndg)
Sxur6 fi￿dIng to colltitiue exTr6tittg projecrs and for nEW pn)8r4rnw of work
Secure l(*ng tcrni futswe fundtD8 for the BTookside RcstDrntion lllitsative, in parttTuship wilb .￿tr
gatiisations
Improve aJ)d update our social media platfom I￿ludIng our websit¢. Facebook, y￿￿Tube aod Twitter
¢c(wts and hold social media trdinTng for stsff. tntsterf and Panel mem1>3rs
Look at doing thillgs ditrerendy iti relation to knF¢#- including holding morc lo￿llY b8sEd Ioathhows iti
the townships around borough. attctsding othcr ev¢nts aDd sbowcasing our work more widety acniss tbc
bole of Hynilburn
Pa8r 9

The PROSPECTS FouDdatlon
Thisteesl Report
Ollr Sli of Sust*lDAblllty:
ThG￿ atc set by thc MaDagemctst Comrnittee and provtd¢ Lhe fram¢wryk withirt whicb the a)arkty its
prL)jcb( work.
UclplDg Nature
c￿tIllS and mointaining grettl spaces that sllpport a wide rnge of native plant atKI atiimai spccic5 8J)dprovide
essential rcsources lile food, shelter alld connectivity for*wildlifr and habitats.
ReduclDg Waste
Using f¢wcr resourccs and geTh¢￿ting Iw rtthbish by thoughtful liTr¢ reusing and repatring
iterns. rccyding and buying only wbat you n¢cd
Travelllng Green
EncA)urngtng tsavcl prnctices that mitiimise haTr to tbc envirotiJneDt aDd l(Kal conunuDities
Loul Food Growlng and BUYI￿%
Growing fThiL vewables and berbB &t home or in community gardens. wbich can lead to healthi¢r eaiitig atjd
cost savin85
Saving Energy And Reducing C*rboM ErnTMlon
Using Itss powerby being efficlent and mxndfill ill how we use electricity and other ￿ergY sourKs. which hclps
to Tcduce costs and wke u8in8 solar attd wind AKJwrr to our Eeliallec on fosk&l fuds
Under5t8ndlng the Planet
Ittcreasing awareness and knowledge of the worfd alld Tealising how actiotLq affeet the I￿1th
of the plonet and what we c2n &b￿t it as indiv&dulll4 housd)olds aod orgallisations
Small companle8 provlsloD staten￿¢
This report h*8 been prepared in accord4n¢e with the small comp￿]eS regime ll￿a￿the Comp4Tti¢$ Act 2CH)6.
The stjttual reportvrns approved by the trustees of the charity on 25 2026 and signed OD its behalf by.
Mt P Vincent-Batwood
VAce Chair of Trustees
Pagelo

The PROSPECTS Foundatlon
ststement of ResponRThilities
The trust¢¢s (who are aIso tho directors of Th¢ PKOSPEcfs Foundatton for thc purposes of company Iaw) are
r¢8pon5ible for preparmg the Imgttts, t￿Ort a]Jd the financial ststeEnents in accordancc with applicable law and
United Kingdom A¢couts(itig St8ttdards IUnAted Kitigth)m Gen¢rally Accepted AGcounring Prnctscel. includin8
FRS 102"The Fimancial REporting Standard applicabl¢ in the UK and Republic of Ireland..
CoMp￿Y law requires thc trusicGs to prepar¢ financial ststements for each t"man(id y￿. Undtt company l£w
the tn]stCC8 must not approve the fitiaticial Statea￿A￿ unless they &re sattsfied that they give a In￿ and fair vi¢w
of the st&te of 8ffair& of thc GhatiTablc company and of the incoming resources application of rc8ollrc¢
including its illcorne wd expenditur¢. of the charitable company for that perio(L ]n prepaTin8 these fifvaucial
$tatrmcut4 the trustccs are requirnl to:
selcot 8Uitabl¢ xccovuluw poli¢i¢s and apply them consistently.
observe thc methods winciples In the Chuities SORP.
state whethEr applicable accounting Stat￿r&s. ¢omwisi08 FRS 102 have been followed, subject to
￿￿terIal dep4rkn discjosed and explained in the financlai &tatem¢ttts' And
prepBre the finaticial statcmcnts on the 8Oiti8 coocern basis unless it is iwprorn to presume that the
chArttable cotnPaDy will cont%nu2 iti busines
Th¢ t(U8tees are r¢spon8ibie for kecping proper accounttrtg retordÉ that can dAsc105e with Teasonable acwacy at
auy time the fllwjciai posAtion ofthc charitable company al￿ enabl¢ thcrn to eJIsu￿ that the fJnall¢iai stat(ma]ts
comply with the Con)patii&4 Act 2006. Tbry are alsts re&rh￿SiblC for RafegDardiDg the as8ets of the clwAtsble
cornpally and IMCC for (akin8 zeason&ble steps for thc ptrvention and dctcctioTL of fraud attd other irreguiarAtie5.
The tnjstees arc responsiblc fur thc Tn4int¥nan¢e and integrity of the cohpornte and financial inforniation
Atteludcd on tlle charit2ble comp&Try's w¢bsite. Leglslation governing the PTeparxtioD and dI￿ll￿tion of
finallc2￿ xtstcmcnts ruay diffct frnm IB8]Sl￿10ll tn othe¥iuristhctiolls.
Approved ty the tr￿￿ee5 ofthe ch•ity Dn 25 March 2026 and SI￿)￿ on its behalf by.
r P Vinren(-Banvood
Vice C.haTr of TJu6teeB
Pa8cII

The PROSPECTS Foundatlon
Independent ETaminer•s Report ts the trustees of The PROSPECTS Foundation ('the
CompAUy')
I re￿rt to the charity tntstecs on my cx2rnin2tion oFthc accoutstg of thc Cwny for thc ycar ended 3 1 October
2025.
Responslblllrfes And Dfreport
As thc chatity'g trLgtt&s of thc Compw (and also Its directors for the purptts¢5 of con4)any law) y(pu are
r￿pOL￿7)IC for th¢ prcparatioll of the aCCo￿ts in &ccoThlall¢e with thc reqUI￿nIenLS of the Compallies Act 2006
('thc 2006 kn.).
Having sati6fied myself that the ac<ounts ol. the Company are not reqthirod to be Eudited undcr Part 16 of the
2006 2nd ate eligible for illdeptttdettt exAmÈll8tioffj I report in respect of Elly examillauo]L of your tharity's
counts as carried out under secuon 145 of the Charlties Act 2011 ('thc 2011 Act,). In carryiti8 Out trly
xamination I have followed the Directions given by the Ch￿ty Commission under section 145{5)(b) of the
2011 ACL
Independent exaTlllner's statemtnt
Sinc£ the compa￿*8 ￿088 income exceeded £250,OWJ your examin¢T must bc a membu of a body It&ted in
section 145 of the 2011 ACL I COnf￿M that I am qualified to undertak¢ the examin￿lI)n because I am a member
of the Associatiou of CltaTity illdepclthe￿ Examiners, which És one of th¢ li8t¢d bodies.
I have completed my ex8miU8tion. I c4)nfllm that DO D]atters have Gotnc to my attcDtiou in cODj￿¢T10n wALh the
¢xamination 8tYiTtg rne cauR to believe:
l. accouthg records wu¢ not k¢pt io r¢5P¢Ct of Thc PROSPEcfs Foutkdation ag requircd by 5¢ctson 366 of
the 2006 ACL or
2. th¢ &C￿UlLts do DoLaw?rd with th0￿ reconL%" or
3. the acc4)unts do not ￿nIPlY with the accounting requuuneots of section 396 of the 2006 Act other thatt
any irq￿lreme￿t that thtt aGCUUnts give a '(rne and fair vievl which is a mattcr considered as part of
it￿epend¢n1 cxarninati￿ or
4. the accounts have not b¢eJJ prcpared in accordznc¢ with rn¢thod6 and pritiripl¢s of the Stat￿lIent of
Recommended Practice for accounting T¢POrting by chaTities [applicable to ChaT]ti￿ preparing their
accounts in accordance wfjth the Financial Rryorting Standard applicablE ill th¢ UK Republic of
Irelaud IFRS 102)].
I h&v¢ no Goncems aud have coll￿ acrc6s no othw Jnattcrs in cOnn¢ct[￿ with the examination to which attention
sbould be drawn iti thAs rcport in order to cllable apropetr underntandittg of the accounts to be reachtyL
Mark Heaton FCCA FCEE DChA
1st Floor. Block C
The Wharf
MJffj¢h¢ster Ro
Burnley
BBIL IJG
25 March 2026
Pa8¢12

P4
rg

The PROSPEcfs FouDdAtion
(Registration nujnber.. 03686719)
Balance Sheet as at 31 October 2025
2025
2024
Note
Flxed aAsdB
Tangible assets
12
1 S,QOO
15,0
Curreut •ssets
D¢btors
Cash at bank in haDd
13
9.762
677.721
687.483
401.255
401255
C￿d￿Or￿. Amollnts falllng due Ivlthtrt one year
14
22.310
207,010
Nel current ajstts
378.945
480.467
Ntt assets
393945
495.467
FumdB of the ch•rlty:
R￿tricted funds
253535
356.083
UDrestrAeted Iw>nJe tsFJds
Ullrcstrictcd funds
140,410
393.945
139.384
Total
18
495,467
Eor the ftn8ncial ye8r ￿ldIng 31 OBtobcr 2025 th¢ thity wag rtsiitlcd to cxcmption from audit under section
477 of th¢ CompanTes Art 2006 Ycl&tiT58 to sm811 companics.
Directors, Tespons7bilitics-
The membus have not required the charity to obtsin an audit of its accowits for the year iti qu¢*tion in
accordance with sectioD 476. aJd
The directOT5 ￿kno￿ledge th¢ir re8ponsibilitie5 for COTnplying with the r¢quirnn¢nts of the Act with rrspcct
to aocowititt8 r¢wrds and th¢ pwaration of ¥couDts.
The financial StateM￿ts on yages 13 to 23 were approved by the and authorised for issue on 25 M8rch
2026 and sigD¢d on their behalf by:
P Vin¢en(-B3Th¥ood
Vice Chair of Tn￿e5
The notes on pages 15 to 23 forni an integrnl p8rt of these fmattcial ststemen
Page 14

The PROSPEcfs Foundatlon
]Yotes to the Fynancial Statements for the ye￿ Ended 31 October 2025
I Ch3rlty gtatso
The cltsrity is lirnited by guarantr4 itworatrd in EDgland and Walffj and Cowetttly doE8 not bave slMTe
¢apithl. Each of the trus¢c¢s is liabl¢ to contribut¢ ata arnount J)ot ¢xceethng £1 towards tbc asscts of the c]wity
in thE event of liquidati(m.
The address of its re￿ed offi¢c is..
54 Broadway
Accrington
LoDcashire
BB5 IEW
These financia] s[atc￿ents were authorised for issue by thc ttusteeB on 25 MarGh 202
2 Accoulltlng polltlej
SumDthry of Jl£nlfft#tht aceouThdug pomeles *ttd key %ccounthig estlJn*tes
The priocipal accoutiting poltties applicd in the prepardtion of these financial statcmeots tttr sd out below.
These policies have bern consi$t¢nt¥y appli￿ to ￿1 the yEaTS Pr￿ente<l wilw otherwse stattyl
statement ofcoTnpIIRnce
The finaucial stst¢mellts b4v¢ be¢0 in ￿￿OrdanCe with Accowittng and R￿[￿li1g ty Charities:
Ststullent of Recomtll￿dCd Practice {applicable to ch2riLieg preparing their éceouttL8 in ac£ordance Thith the
Financial Reportin8 Standard 4pplicabl¢ in the UK and Rcpthlic of Ireland (FRS 102)) (issued in Ortober 20J9)
- (c.tLaritiu SORP (FRS 102)). the Financial Reporttng st￿thrd appI[cab￿ in the UK Jlld Rq)ublic of Ireland
(FRS 102) the CompauieB Ad 2(Kl6.
BA811 of preparadtsx
The PROSPECTS Foutidkn ￿etts th¢ definition of & pthlic beoefrt entity uudBr FRS 102. Ass¢ts and
liabilities arc initially recosnised at histwical (X)￿ or trallsathl4￿ vxIH¢ Ull]￿s oth¢Twise stated iti thc rdevat)t
arxounting policy notes.
Golng eoDeern
The uwtee8 Cullsider th& there aEe no materia2 uncertainties about th¢ charity's ability to contitille 85 a going
oncern nor any &gnifi￿t ms of uncertaiTrty that affect th¢ carrying value of assfts held by thc tharity.
E4bendlrnre
All expendiwre is recognised ollcc th¢￿ is a Icgaj or c&￿St[u￿[vC obligation io that expenditure. it 18 probable
se￿c￿ellt t8 required and tbe 8rn0unt can be ]￿￿￿ed r¢]iably. All costs are allocated to the applithile
expenditure he&diDg that aggrcgatc sithilar costs tu that catsgory. WheJE cosrs Cllnn￿ be directly Ittrib￿rd to
particulaT headiu88 they bave bettt allocatcd ort a b￿LS £￿318$￿t wtth the w of rcsourc
Charltable *¢tfvlde¥
a]aritsblc expcnditurc comprises those c4)sts inaured by the clwity the dejivcry of its activities and seThices
for its benEficiaric$. It tncludes botli rosts that can be allocated di￿rIY ￿ such a¢tivities and tbose costs of all
ndircct Dature necew to supportth¢m.
Pag¢ IS

The PROSPEcfs Foujjdation
Notss to tbe Financial Statsments for the Year Ended 31 October 2025
Grant provlslolls
Proii8ions for grants are made when the &ntelltion to make a 8rant has been cOn￿G￿ted to the rectplent but
th¢Te TS uncerlainty about either the timing of the grant or the &mount of 8rant payable.
GDvern8nee ¢osts
Th¢se include the costs thThutable to the ¢I￿rIty'S LxTrmpliance with LxJDstiDition81 aud stathtory requirement8,
includiog indqy¢ndani ¢xaminats(o4 strategic m8n8gement and thL8tees's meerings al￿ rcimbur5ed expenses.
T￿IdOn
The charity 16 COll5idernJ to pass the tests set out iti paTh￿h I Schethlle 6 of the Finance Ad 2010 and
therefore it meets the thfinition of a charitrablt company foT UK colporntion tax purFK)sc8. AcwTdinglyi th¢
charity is potentially exempt from tsxation in respect of or e8PAtal 8aths received within ¢at¢gories
covered by Ch2pter 3 Pan I l of the Cvrpoz8tion Tax Act 2010 or Sectiot) 256 ot" the Taxaiion of ChRrg¢able
GaiTJS Act 1992. to the v(tent that income or gaitis #re applied exclusivety to charitsble purptpscs.
Tgnglble fiIed assets
Depreciation is provided at the following X&teB in OTder to ￿lte off each over its utimatcd useful lifr.
Fr¢¢bold iattd
not provided
Trade debtors
Trddc (kbtots ar¢ arnounts thi¢ from customers for servAceB perf0t1n￿ in the OTdillary course of busittcss.
Trade debtors are reCo￿t5¢d initaauy ￿ the msa¢tioD price. They are subsequently me4LSUTed at amortised cost
ustng the ¢ff¢ctiv¢ int¢rtst metho(L less provision for impairmenL A provision for the itiwairtncnt of trad
debtoys is established Wh￿ thetr is objective evidence that the charity will not b¢ ible ts) collcct all amLwrJts
accordin8 to the OTigioal of tILe ￿C¢1y8blGs.
Fulld thcture
Unrc5trict¢d income fi]nds geneTal funds that are available use at the ITUStees dis¢r¢tton in furtber8nce of
the objectives of tb¢ clwAty.
Restricted incorne fi￿d8 are th¢xe donated for UBe in a pthicular area or for specifi¢ PUTpOg￿. the use of which
is irstrided to th&É area OTPUiPOSe.
Pensions ind vther post reti￿￿ent obllg*don$
The clwity opcraÉ¢8 a dcfjned contribution pension sclmie Ivhich is a pension pI￿L uttdcr which fixcd
contr]￿utiOnS 8r¢ paid Ènto a pet)sion fund and tl)e charity IMS no leKdl or constsuctivc obligation th pay furth¢r
contributions even if tbe fimd does not hold sufficie4ht assets to pay aEI enWoyec% the btseftts rclating to
employee savice in the current and prior periods.
contrib￿tiOnS to defin¢d contrib￿10￿ pEans are reco8nised in the Ststemenr of Fillaaciai Activities when they are
due. If contribution payAJ)e41ts exceed the contribu(ion due for gervice. the excess is r¢coBttiged &9 a prepayment.
Pag¢16

The PROSPECTS Foundatlon
Note5 to the Flnancial Statements for the Year Ended 31 October 2025
3 IDcom¢ from donatloni and leg2des
funds
GenerAI
Total
2025
Total
2024
Regular giving and capitsl dollation8
1.070
325
1,070
1,070
325
4 Illeome fr4Mll cknTit4ble aellvAties
Total
2025
Total
2024
Tinker Brnok S.S CIC
Grnt)ts receivable
7,250
280,305
7,250
280.305
6,725
425J36
287,555
287J55
432.061
Gtsttts t¢￿iV¢￿ included ill th¢ above. are as folloivs..
Energiekontor
Local Authority Grnits
Herttage Lottery Fund
LatsGashiT¢ Wildlife Tfust
OnwardHomes
Erncst Cook Trust
Hyndburn LLisure
Nathl England
Trees for Citie4
Elcctricity Northwest
The National tottery Climatr Adion Fllnd
Duchy of LaI￿aSter
1st Choice Ltd
Equall8 Regenerdtion Ltd
J87.255
36.(
187255
36,0(10
182J41
81,394
9￿10
17,421
2.500
8.430
i.￿0
4.999
7273
14,054
96.414
8.429
8,429
41561
41,561
1000
3.000
2,060
280,305
280205
425J36
Page 17

The PROSPECTS Foundatlon
Notss to the Flnanci21 Statements for the Year Ended 31 Oth>ber 2025
5 Other Income
UnTe5tr1cted
Total
21125
Totwl
2024
Gener
Fee& and ch
Other
19,394
7,133
19,394
37,235
17,344
24.814
41158
30,102
30.102
26527
56,629
6 Expendlture on ch#rltabk attmtlex
Uttre&trlded
Tot41
21J25
Totsl
2024
Gener81
Re5￿cted
N4)tt
Grants payable
(iovemance costs
Staff costs
Charitabl¢ &rtÉvily
Allll¢ated #upport
costs
64.396
1.995
189.306
127.050
64.396
2,200
213.790
129.985
81.038
2,150
215.124
98,463
205
24,484
2.935
49.489
49.489
47.772
444.547
27.624
432236
459.860
Thc total 8rallts p8id to ijtsti£utioHs durin8 thE year wa5 &8 foll
G¢tterai Grnits
(under £5,000)
31.646
31.646
39.440
10.750
OnvaldtivÉstl¢ aDd
Churth coJAS￿VatiVc
Club
Rishion fvI¢thodi8t
10,900
19,948
Advetttutv Hyndbum
Willow Top
Hedgehog Rescue
Prospects CoJDmuuity
Energy Ltd
Emest St Baptist
Ch4Jel
5,000
5,000
lo,￿0
10.000
12.750
12,750
64,396
64,396
81.038
Page18

The PROSPECTS Foundadon
Notes to the Financial Statements for the Year Ended 31 October 2025
7 Anatyjls of govtrbance and support Costs
Governau¢e ¢(Ats
iJnYestrided
rwLds
General
Restrlcted
nd5
Total
2024
21125
Indtpendent EA4rnin¢r fees
ExatDitLatioll of the fitsaDciai
ststemcnts
205
1,995
1,995
22CKI
2.200
1150
205
2.150
No Ints. nor ally persots conneded with thcll4 ha￿ tKetYed any ruDuncration from the th&rity thtring the
No tsugtee8 have I￿￿1Ved w reimburBEd exttnses from th¢ cbarity during the year.
9 Staff ￿sts
ThB ag8tEgatc payoll costs were ￿ ftsuuws:
2025
2024
Stgff coBts d￿rIng the year w¢￿.
Wagcs and salaries
Social &'curity c06ts
Pensioo costs
188J73
20.IM8
5J69
192.246
17.430
5.448
213.790
215,124
The moothty avetagc nwnber of persons (including b￿lDr management I leadcrsbip team) employcd by the
d]arity dunug the year ¢xpre&8ed time equivalrttts as fol]ows:
21125
No
21124
Cljaritable activitics
No employee received rmohwoents of ll￿re than £60,INJO dutiug the y¢4r.
10 Indq)eDdent uamlntr's remTmeratlon
2025
2024
Exam1t￿tion of thc financial stthments
2,150
P4gr19

The PRoSPE￿s Foundatton
Notss to the Flnanelal Statemen1$ for the Year Ended 31 October 2025
11 TAx•don
The clwity is a re8i8tered charity and isthercfore excEDPt from tsxation.
12 T*ngA)k 1Sxed A8gets
Freehold laud
Total
Cost
At l Novctnber 2024
IS.(￿)
15,000
At 31 October 2025
15.000
15,000
Depredatlou
At 31 October 2025
CanylDg amount
At 31 October 2025
15.000
15.OtNJ
At 31 Octobcr 2024
15.IKJO
15,000
13 Debtors
2025
2024
Trade d¢btor$
Other debti)rs
5,281
4.481
9.762
Page 20

The PROSPECTS Foundatlon
Notes to the Fingnclal Ststements for the Year Ended 31 October 2025
14 Credlthrs: akno7JDts wlthkn oneye
2025
2024
22,310
19,760
187256
Dcfrrrcd income
22.310
207,016
2025
2024
D¢fcrTrd income at l Novem￿ 2024
RGsourceB defetyed in thr period
Amuunts r¢1¢&6￿ from previous periods
Deferred inm¢ at 31 Octobcr2025
187.256
187256
187,2
187
15 Leaslng agreemevts
Th¢ total value ot flltll￿ MIttin￿ l¢asc payments vjas as follows:
2025
2024
Within one year
Itt two to five years
7,500
18.125
7,500
25.625
25.625
33,125
16 Pemsion othertthemts
Defined contrAbutloD pensltsn schen
The eharfftty operatsg a dcfined contrlbution pe]Jsion schern¢. The pellsion ¢os¢ charge for the yew rwscnts
itributions payablc by thc chgrlty to the Scheme and am¢)wite4J Eo £5.369 (2024- £5.448).
17 ReJAttd patty
son￿ of the trustees for the Charity also nwk¢ up the boBrd for Prospccts Ccrnunity Enetgy Limited a
registered 80CteÉy. During the yw the Charity lljade a g17nt paymettt to Pmspects Community Energy Limited
amountillg ￿ £IO,(KJo. this wa8 lo belp fund the cost ofwork on the pmjKL
Pa8¢21

The PRoSPE￿s Follndatlon
Noles to the Fillancial Statements for the Year Ended 31 October 2025
18 FuDds
Ba]antt at I
ovember
2024
B•l4D¢¢ It
31 Octhber
2025
Resour¢eg
exp¥kded
resourcoj
Tra]ufers
Unreltrlcted
G¢nerAI Fund
139J84
40,396
127,624)
111.746)
140,410
Re5trirted
Other PriJje(
Windfall
Ch￿lty M&na8tr
tNR Coppiee Proieci
oll￿00r IEarninE Proj￿1
Conununity Tree Action
Hyndburn Woodlands
Brookside Development
57,747
120,I23
16.286
190.993
17.834
12,069
(25.343)
(I 18.627)
(17.834)
(44,082)
(20,548)
(53,415)
(27.W)
1.603
(87.109)
50,293
195.380
52,318
20205
20,548
31,877
44.746
38.727
17.231
3.786
34.420
20,635
63.544
(104.770)
(546)
Brookside Developmwt
Project Ph2
254
(3,298)
25,546
22.502
Buildillg Officer
13,535
(13238)
(297)
Woodlattd
3,963
(3,17D
432236)
86
356,083
317.942
l 1,746
253,535
T(rt￿
495,467
358J38
459.860
393,945
Page22

The PROSPEcfs Fopndatlon
Note5 to the Financlal Statements for the Year Ended 31 October 2025
BalAnee at I
November
21123
B*lanee at
31 October
21124
tncDJblng
rewurus
Resources
txpeRded
Transfers
Uttrestrlcted
General Futtd
I34,￿5
33J14
{29,835)
139.384
Restrieted
Other Pmjects
Windfall
Charity Manager
Habitats & Hcrita8e
64.925
109.813
14,838
185.335
1&798
9.510
10.930
19.406
38,833
22291
(23.016)
(132,990)
(18.798)
(3.083)
(34,821)
(39,126)
f4A67n
(23,862)
1.000
(42.035)
57.747
120.123
lJ63
44,439
19,720
31.931
46J17
(7.790)
20,548
Pccl P￿* PoliitiatWS
coMnM￿ty Tree Actson
Hylldbum Woodlands
Brookside Development
Proj¢¢t
Low Cart)on Community
Bail(bng Projcd
. Hatwood MemoEial
Woodland
7.7
31,877
44.746
96556
(58.047)
25,035
63,544
14.OS4
(15519)
15,000
13,535
22.736
453,287
18.773)
(414.712)
3.963
318,508
I,0￿)}
356,083
Total th•d6
453.413
495.467
19 AnxlysJ5 of net al￿ between fvDds
Totsl fuRd$
ot 2025
Gtser
ReJtrlcted
Tan￿￿1¢ fixed assets
CU￿ent &sscts
15,1XlO
147.720
22.310
15.000
401.255
22,310)
393.945
253535
CwFCllt liabiliues
Totat Det &￿Sets
140.410
253535
Unrestricted
Total funds
at 2024
GeDer41
r￿ed &gsets
Cutretti ￿5¢ts
liabiliti<>
15,IMMI
144,144
119,760
139,384
15.000
687.483
1207,016)
543.339
(187.256)
356,083
Totsl net assets
495.467
Pag¢ 23