Charity Teqislratlon number 1163952 Cornp3ry le5rTr number 06446039 {Eand and W3besl PROSPEROWORLD ANNUAL REPORT ANO UNAUDrtED FIIWICIALSTATEMENTS FOR ThE YEAR ENDED 31 DECEMBER 2024
PROSPERO WORLD LEGAL AND ADMINISTRATIVE INFORMATKIN Trustees D Fisher. Chair R Shaikh G Shanks S A Schutt K Sivokhin P l Richèrdson A A Eastman IAppointed 30 April 20241 SÈtTetary Anna.Louiza Psarras Charlty number 1163952 Company number 06446039 Regi51ered office Unit4. Hill Farrn Kirby Road Kirby Bedon Nonmith NR14 7DU Independent exarniner TC Group 33 Boston Road South Holbeach Spalding Lincolnsht PE12 7UI Bankers Triodos Bank Deanery Roèd Bristol BSI SAS
CONTEf4TS Chairman's ststement Trustees. report ststement of tntstees. responsibilr(ies Independent examinevs report Statement of finanaal activities Balance sheet Notes to the financial ststements 9-19
PROSPERO WORLD STRATEGIC REPORT FOR THE YEAR EPIDED 31 DECEMBER20241 AthiLwemÈnts and Perfommnce In 2024. Prospero Wortd defivered over 3.41x1 houts of expert supwt to miwion-aligned oryanisations around the worfd. This induded a combination of subsidised and pro bono consultsnry. donor stewardship. mentoring, and tailDred trainin8 - olfered to both rwstered and unregistered initl3tives whose charitable goals reflect our commitment to education. collaboration. and purposeful action. Through thi5 SUPPOrt. we helped strengthen the capacity. resilience. and impact of thangemakers working auoss a range of sooal and en¥ironmentsl challenges. We supported the incubation of two new charities. and two Communsty Interest Companies ICICS). as well as guiding rjne of our partners through the process of winding down its operations. Our straiegi¢, govemance. and fundraising advice was complemented by our team and Trustee5 offering additional voluntary support to these organisations a5 rnent0 and board mernbers. Publlc Edu¢ation and Sirate8k Enzayments Throughout the year we continued to share our research pvblidy throu8h our newsletter, In The SpotlighL as well as thmugh regularly posted educational content on Linkedln. Facebook and Instagrèm with a reath of over 3.5[. Prospero World also launched several new initiatives.. Webinar Series: Mode15 of Refugeè lrtegr3kn IFeb 20241- Featuring four exceptional refugee-focused organisations. Forum for Good (March 20241- A peer learning netr40rk for philanthropists created to explore the roles of leadership. passion. èuthentioty. integrity. inspiratioTh and stamina in ways that relate to creating a better world around us. stsrtRight (June 20241- A bespoke training academy for emerging philanthropists who a keen to gain a greater understandin& and a workin8 knowledge. of the charitable sector. Our team participated in key events induding-. Opal Global Altemative InYesrin8 SUMM London- Sita Schutt spoke on philanthropic tn$ and the launch of StartRi8ht to a private wealth audience We sustained our collaboration with London Business khool. supportyn8 their 8ehaviour31 E¢onornic5 and 50¢ial Chany course by facilitstin8 social impact projects with seven of our charity patkners. Core Wor Our Charity Adoption Pro8ramme remained a cometst¢)ne of our worl and we continued to strengthen it throughout the year, increasing the number of programme partners from 16 to 19. Out of 35 prospective applicants, fwe new Partne We adopted= Emile Foundatlon IBelgluml: Crearing safe spaces for chTldren afferted by conflirt and displacement. Growing for Good (The Glasshousel {UKI= Providing horticultural training to women exiting the prison 5Y5terll. SAIU {Huddlel (South Afrlca}: Awarding scholarships to high-potential. low-income students. Life Sciences Network IRestorin8 Hopel IUKI: Fittin8 prosthetic limbs via mobile clinscs in Gaza. Yofori3 Group IP3511ne Housel- a registered UK CIC thancing cultural understanding and providin8 humanitarian support in Palestine.
PROSPERO WORLD STR4TEGIC REPORT FOR THE YEAR EP4DED 31 DECEM8ER 2024 ConlnulngSupport io E¥isting Partne15 We continued to support.. I. AZAHAR Foundation. an American 501lcl3 or8anision whith works in p05t-conflitt communities in Cambodia and Rwanda providing free yoga dasse5 and yoga teacher trdining. 2. British Homes and SthooLs for U*rla, a UK-based ac founded in March 2022 to support Ukrainians afferted by the war. 3. Ek Tara. a registered charity in India that has been estsblished to work with margin31ised and impoverished urban slum communities. and through its inter¥ents"ons. to transfom the quality of life and position of women to enable them to reach their potential. 4. Greater Good Charitie5. an American SOllcll31 organisation. working globally to help people. pets, and the planet by mobilising in response to need and amplifying the 800d. 5. Klitschko Foundation. a registered charity in Ukrnine that aims to develop avil SfKiety in Ukraine through non formal education. to enable teenagers and young people to acquire tmportani 21st Century skills. adopt healthy lifestyles. become erwtronmentally aware and pracbce projert-based approach to life, school and their future profession. 6. Mahra Youth Unity Associatlon. a gIstered d)arity in Yemen that provides peace-buildin8. job skills, and education activitie5. helping redevelopment efforts in war-tom Eastern Yerrtren. 7. Mulkern Foundatioft. a UK registered not-for-profit company that prowdes free. gold-stsndard professional English language training to women experienong displacement. disaster. gender-based oppression and financial barriers. Their efforts are currently focused on Syria. 8. Omprakash. an American 501lcll31 organisation which faalitstes relationships. dialogues and learning between social change agents around the worfd. 9. The Game. a UK registed not-for-profit company established to uezte and produce a short film highlighting the impact of chronic illness on family life. espeoally on childreTh of chronically ill parents. Created by a team with lived experience, it raises awareness of hidden carers and challen8es societsl stigm3. Charitsble fundig support5 its outreach through fe5tiva15. 5choo15. and cornmunity event5. 10. Phare Ponleu Selpak (meaning Brightness of the Arts" in Khmer). a Cambodian non-profit Cambodian arts school changing the lives of (hildren. young adults. and their families with art schools, educational programs, and student social support and tlevelopmetht. 11. Syria: Trojan Womèn Projètt. a registered CIC in England and Wales, which has been creating joint therapeutic drama and advocacy projects for Syrièn refugees since 2013_ Durin8 the accountin8 period, Prospero World supported the work of The Trojan Women Project and its programme - Trojan Women.. Scotland. 12. Uhttold. a registe CIC in En8land and Wales. which continued to amplify the wort of emer8ing women writer5 in Afghanistan by identifyin& developin& translating and promoting their stories to a global audience. 13. The Veerni Foundation. a Swiss WISted Foundation whi(h seeks to educate and empower girls living in village in the outskirt5 of Jodhpur so that they may live healthy and fiJlfillinE lives free from social and economic discrimination. 14. Young Filrn Acaderny, a UK not-for-profit company whith provides filmmaking courses. filmmaking programmes for schools. community filmmaking projett5. filmmaking outreach events and kids film parties to youn8 people 38ed 5-19. Prospero World specifically adopted them to support their Project Paradiso. The following organisations were archived from the Charity Adoption Pro8fdmme during the year= 14MM. a UK registered CIC established to promote cultural sensitiwty and diversity. using the Arts as 3 tool for positive social chan8e. 14MM's first projert, the short film 11 Moro (the Moorl won the Oscar Qualifying Reel Sisters Film Festival and was in the 2024 Academy Award Race.
PROSPERO WORLD sfRATEGIC REPORT FOR THE YEARENDED31 DECEMBER2024 Emerge Productions. a London based Production Company founded in 2019 to advocAte, on sta8e, and on screen. the unheard voices of non-native members of our communitie5. KAI. a UK not-for-profit company established to support current and future Marine Protected Are35 by helpin8 them to attess appiopriate technologies. solutions and parbberships. This will allow them to set up and support monitoring more qui£kty and robustty and increase Ocean literacy. Prospero Wodd continued w run online fundraisin8 campaigns on behalf of its Adopted Charities. In totsl, Prospero Wodd received donations of c. £524.940 in support of its Adopted Charities in 2024. Prospero Wortd continued to manage rts Donor Advised Fund. The prirnary Donor Advised Fund is a restrirted fund. designated principally in support of educational progtsmmes and famify support services. During the accounting period grants of £112.(MIO were made to 9 charitable projects working locally. nationally and intemabonally in the fields of education. SEND, and youthlfamily support services. An additsonal £53,OLK) was restricted for distribution to 3 charitie5 in the fields of education and SEND in 2025. Events and Fundra1¥ ftyveeml Founda¥oA In partnership with the Veemi Foundatitsn's tnjstees. we supported 5everdl successful fundraising events.. Venice Weekend (Aug 20241- A collaboration beeen our Adopted Charities Veerni and 14MM raised over £13,(MXJ in support ofthe Veerni Foundation. London Event IP*)v 20241- Raised over £110. for Veerni'5 (apitsl carnpai8n to build a new Institute in Rajasthan. Go¥eman¢e. Ove1£ht and Reslllence The Trustees met three times by Zoom during the year and held regular electronic discussions. Prospera Wodd has bèen in continual contatt with its tharitsble partners throughout the year. to monitor their work and income 5tream5. asse55 in what way Prospero World may help thern. and undertake regular reviews to ensure the organisational wellbeing of Prospero Wodd itself. We are extremely 8fateful to our donors indudin8 the Garfield Weston Foundation who made a generou$ grant of £40,(th towards our CO Costs in 2024_ Funding for our CO work was instrumental in enabling us to continue delivering our vital services, supporting the 8r¢)wth and impact of our worl Support for our CO work from respected organisations such a5 the Garh"eld Weston Foundation represented a signsficant mark of credibllity for our organisation. underscoring the trust and tonfidente placed in our mission. Reserves Policy and Risk Management The Charity's financial reserves at the year end were £371.190 12023 - £31KJ,9971 of which £337,306 12023 - £295,775> was restricted funding. £5,((2023 - £5.(WJJl was designated by the Trustees as a contingency fund. and £28,88412023- £2221 w35 unrestricted. The Trustees bdieve that the position of the Charity is Satisfactory as they have sufficient reseNes to cover the Charity's minimal rNerhead commitments. The Trustees have considered the risks to which the Charity 15 exposed and consider that appropriate steps have been taken to minimise the Charity's risk.
PROSPERO WORID TRUSTEES. REPORT IINCLUOING DIREcfoAS' REPORn FOR THE YEAR EAIDED 31 DKEMBER 2024 The trustees. who are directors for the purposes of company law. present the annual port and ffinanoal ststements for the year ended 31 December 2024. Trustees Deiails of the trustee5 who served during the ¥r and up to the date of signing the finanoal statements are shown on the Legal and Administrative Information page. Objecti¥e5 and actl¥ltles Objects Without limitin8 its discretion, the tharity is concentrating its donations on promotin8 the efficiency and effectiveness of tharities. and is concentrating its donations on inspirational charitsble projects whith Prospero World itself identifies. The charity's overall aim is to enrich sooety through the arts and empower positive change throu8h education. collabordtion and action. At present. the charity is not accepting unsolicited applications for funding from tharities. PublicBenefft The trustees have had garlI to the Charity Commission's public benefit guidan. Strurture. go¥eMance and managerntnt Nuture of Governing Documert The governing document of Prospero Wodd is its Articles of Association adopted on 27th July 2015. It is a re81Stered tharity (registered in October 20151. RecwltA7entandAppolntmert olTrustees Trustees are appointed at a General Meeting of the trustees by ordinary resolution. Trustees must be proposed and ¢0MMended by any current trustee. The trnstees, report was approved by the Board of Trustee D Fishtr. Chair Trustee
PROSPERO WORLD STATEMENT OF TRUSTEES, RESPON51biunES FOR THE YEAR ENDED 31 DECEMBER20241 The trustees. who are also the directors of Prospero WoTlIl for the purpose of company law. are responsible for pparin8 the Trustees. Report and the finanoal statements in accordance with applicable law and Unbted Kingdom Accounting Stsndards (Urbited Kingdom Generally Accepted Accountin8 Practice). Compary Law requires the twstees to prepare financial statements for each ffinantial year which 8ive a true and fair view of the stste of affair5 of the charity and of the incorning resources and appli(ation of resources. including the inttsrne and expenditure. of the charitsble company forthat year. In preparin8 these financial statements. the trustees are required to= - sèlert suitable accountin8 polioes and then apply them consistently- - observe the methods and Pfinuples in the Charities SORP. - make judgements and estimates that are reasonable and prudent- and - prepare the financial statements on the goin8 toncem b35is unless it is inappropriate to psUme that the charity will continue in operation. The trustees are responsible for keeping adequate accounting record5 that disclose with reasonable accura(v at any time the financial position of the charity and enable them to ensure that the financial statements comply with the Companies Art 21XJ6. They are also respon&ble for safeguarding the z5sets ol the charity and hence for taking asonable steps for the prevention and detection of fraud and other irregularities.
PROSPERO WORLD INDEPENDENT EXAMINER'S ItEPORT TO THE TRUSTEES OF PROSPERO WORLD I report to the trustees on my examinabort of the ffinanoal statements of Prospero Wodd lthe charity) for the vear ended 31 December 2024. ReSpobIlltieS and I>35 ol report As the trustees of the charity land also its dirertor5 for the purposes of company lawl you are responsible for the preparation of the finanaal statements in accordance with the reqU1ments of the Companies Act 2¢J06 (the 2006 Act). Having satisfied welf that the finanaal statements of the charity a not reqvrred to be avdited under Part 16 of the 2DJ6 Act and are eligible for independent examination. I report in respect of my exarnination of the eharity's financial ststements carried out under sertion 145 of the (harities Aet 2011 Ithe 2011 Act). In carying Out my e¥amination I have fdlowed all the applicable Dirertions 8Nen by the Charity Commission under section 14515llbl of the 2011 Art. Independent exarninew's ststement Since the charity's gr055 income exceeded £250.(O) your examiner murt be a mÈmber of a t)ody listed in section 145 of the 2011 Art. I confirm that l am qualified to undertake the examination because l am a member of ICAEW. which is one of the listed bodies. I have completed my examination. I confim) that no matters have come to my attention in connection with the examination giving me cause to believe that tn any material spect= accountin8 records We not kept in re5Pert ofthe tharity a5 required by section 386 of the 2C¥)6 Art: gr the financial statements do not accord with those record5', or the financial statements do not comply with the accounting requirements of 5ethon 396 of the 2006 Art other than any requirement that the accwnts give a true and fair v5ew which is nrjt a matter conside as part of an independent examination.. or the financial statements have not been Prepared rn accordance with the methLxls and prinaples of the Statement of Recommended Practice for accounting and reporting by charities applicable to charities preparing their accounts in accordance with the Finanual Reporting Standard applicable in the UK and Republic of Ireland IFRS 1021. I have no concerns and have ci)me auoss no other matters In connection with the exarnination to which attention should be drawn irtr this report in order to enable a proper understanding of the financial 5tstements to be reached. Christopher McKenna ACA TC Group 33 Boston Road South Holbeaeh Spalding Lincolnshire PE12 7LR
PROSPERO WORLD STATEMENT OF FINANCIAL AcnvmES INCWDING INCOME AND EXPENDIWRE ACCOUNT FOR THE YEAR ENLIED31 DECEMBER2024 Total lunds 2024 fvnds 2024 fvnds 2023 funds 2023 2024 2023 Income from: Donations and legacies Investments 158,271 212 366,669 1.407 524.940 1.619 253.075 137 263.1 L639 516.175 1.776 Totsl incorne 158,483 368.076 526.559 253.212 264,739 517,951 Expendityfe ¢yb: Charitable artivities 92,729 363,637 456.366 150.275 267.190 417,465 Totsl expenditure 92.729 363.637 456,366 150,275 267.190 417.465 Net 8ains/llossesl on investments Net income 65,754 4,439 70.193 102.936 12,4511 IiXJ,485 Transfers between funds 137,Tr321 37.CV32 1158.5311 158,531 Net movement in lunds 28.662 41,531 70.193 155.5951 156,080 I,485 Re¢onciliatign of funds: Fund balances at l January 2024 5.222 295.775 3QK).997 60.817 139.695 200,S12 Fund balances at 31 Drnber 2024 33.884 337.306 371.ISYI 5,222 295,775 3fA),997 The statement of finanoal arti¥ities include5 all gain5 and losses recognised in the year_ All income and expenditure derwe from continuing activities.
PROSPERO WORLD BALANCE SHEET ASAT31 DECEM8ER2024 2024 2023 Current 3 Debtors Cash at bank and in hand li 655 316.652 379.567 379.627 317.307 Credltors: amountslalling due wothin o year 18.4371 116.3101 Nèt current a55ets 371.190 3Crf).997 Net assets 371.190 3C¥J,997 The funds ofthe tharity Restricted income funds Unrestricted funds 337. 33.884 295.775 5.222 371.190 3QO,997 The company is entitled to the exempiion from the audit reqU1ment contained in section 477 of the Companies Art 20C6, for the year ended 31 December 2024. The dirertors acknowledge their responsibilityes for complying with the requirements of the Cornpanies Art 2C4J6 with respect to accounting records and the preparation of finanaal statements. The members have not reqUId the compary to obtsin an audr( of its finanoal ststements for the year in question in accordance with section 476. These financial thtements have been prepared in accordance with the prowsions applicable to companie5 Subject to the small companies regime_ The finaneial staternents were approved by the trustees on ............... D Fisher. Chair Trustee Company registration number 06446039 IEngland and Wale51
PROSPERO WORLD NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DKEM8Eft2024 Accounting policies Charity inforniation Prospero World is a Pfivate company limited by guarantee incorporated tn England and Wales. The registered office is Unit 4. Hill Farm. Kirby Road. Kirby Bedon. Norwich. NR14 7DU. 1.1 A¢counfiii8 ¢onve•iiion The financial staterTbents have been pared in accort%ance with the tharity's govemin8 document, the Cornpanie5 Act 2O)6 and "Accounting ènd Reportirbg by Charities.. Statement of Recommended Practice applic3ble to charities preparing their accounts in accordance with the Finanaal Reporting Standard applicable in the UK and Republic of Ireland IFRS 1021 (effective l January 20191" The charity is a Public Benefit Entity as defined by FRS 102. The charity has taken advantsge of the pmwsions in the SORP for charities applwng FRS 102 Update Bulletin I not to prepare a St2Ment ofCa5h Flow5. The financial statement5 are prepared in sterfin& whith is the fvnuional ¢urrency of the charity. Monetary amounts in these financial statements are rounded to the nearest £_ The finantial statements have been ppared under the historical cost convention. Imodified to include the revaluation of freehold propertie5 and to include investment properties and certait) financial instruments at fair valuel. The principal accounting pdicies adopted are set out below. 1.2 Going conrn At the time of approving the finanual statements. the trustees have a aSOnable expertation that the charity has adequate resour5 to continue in operational existence for the loreseeable futu. Thus the trustees eontiNue to adopt the going concern basis of accounting in preparing the finanaal statements. i.a Chzritable funds Unrestricted funds are available for use at the disttiOn ol the trustees in furtherance of their charitable objectives. Restricted fund5 are subject to specific conditsons by donors or grantors as to how they may be used. The purposes at)d uses of the restricted funds are set out in the notes to the finanoal statements. Endowment funds are subject to speofic conditions by donor5 that the capital must be maintained by the charity. 1.4 Income Income is recogni5e(I when the eharity is legally entided to it after any performance condition5 have been met, the amounts can be measured reliably. and it 15 probable that incorne will be reteNetl. Cash donations are recognised on receipt. Other donations are recognised once the charity has been notified of the donation. unles5 perfoTmartte conditions qUIre deferral of the amount Income tax recoverable in relation to donations CeNed under G4ft or deeds of covenant 15 recognised at the time ol the donation.
PROSPERO WORLD NOTE5 TO THE FINANCIALSTATENf Plts {CONTINUED} FOR THE YEAR EIIDED 31 DECEMBER 2024 Accountin8 policies (Continued) Legacies are reto8ni5ed on receipt or otherwise if the charity has been notified of an impending distribution. the amount is known. and receipt is expected. If the amount is not known, the legacy is treated as a ontin8ent asset. 1.5 Ejrpenditure All expenditure is ¢¢¥niSed once there 15 a le8al or constructive obligation to that expenditu. it is probable 5ettlemerTrt 15 reguired and the amour¢i can be measured reliably. All costs are allocated ro the applicable expendituo heading that aggregate simi13r costs to that category. Where costs cannot be directly attributed to particular headings they have been allocated on a basis consistent with the use of sOurCes, with central staff costs allocated on the basis of time spent. and depreciation charges allocated on the portion ofthe as5et'5 Use. Other support Costs are allocated based on the spread of staff costs. 1.6 Cash and cash equl¥alents Cash and cash equivalents include tash in hand. deposits held at oll with banks. other short-term liquid investments with ofjginal rnatslrities of three months or less. and bank overdrdfts. Bank overdrafts are shown within borrowing5 in cuffent liabilitie5. 1.7 n4ClaI inslrurnents The charity has elected to apply the prry4isions of Section 11 'Basi¢ Financial Instrnments. and Section 12 'Other Financial Instruments Issues. of FPS 102 to all of its finanoal instruments. Financial instrumeftts are recognised in the charity5 balante sheet when the charity becomes party to the contractual provisions of the instrument Financial assets and liabilities are off5eL with the net amounts presented in the finanoal 5tstements, when the is a legally enforceable right to set off the recognised amounts and thère is an intent¢on to settle on a net basis orto realise the asset and settle the liability simultaneously. Ba5icfinoncia1055ets Basic financial assets, which indude debtors and cash and bank balances. a irtiti3lly measured at transaction price includirtg transactyon costs and are subsequently carried at amortised c05t using the effective Inte$t method unless the èrrdngernent constitutes a finanung transaction, where the transaction is measured at the present value of the future receipts dixounted at a market rate of interest. Finanoal assets classified as receivable within one year are not amortised. Basi(finoncialliabilities Basic financial liabilities, including creditors and bank loans a initially (08nISed at transaction price unless the arrangement constitutes a finanong transacbon. where the debt instrument is measured at the present Value of the future payments discounted at a market Fate of interest. Finanaal liabilities classified a5 payable within one year are not amortised. Debt instruments are subsequently carried at amortised cosL using the effective interest rate method. Trade creditor5 are obligaton5 to pay for goods or service5 that have been acquired in the ordinary course of operations from suppliers. Amounts payable are classified as current l¢abilities sf payment ts due within one year or less. If not. they a presented as non-cvrrent liabilities. Trade creditors are recognised initially at transaction priee and subsequently measured at amortised cost Using the effective interest method. 10-
PROSPERO WORLD NOTES TO THE FINANCIAL ATEmENTs {COPfflNUED) FOR ThE YEAR ENDED31 DECEMBER2024 Attounting polities lcontin4jl Derecognition olfinanriol lioknlit Financial liabilities are dere(08nised when the charitV5 contractual obligation5 expire or zre discharged or Cancelleil. IA Ernployee benefits The cost of any unysed holiday entitlement is recognised in the period in which the empl¢)yee's semces are received. Termination benefrts are retognised immediately as an expense when the tharity is demonstrably committed to terminate the employment of an employee or to provide termination benefits. Critical accounting ertimatts and iudyments In the application of the charity's aetounting polioes. the tTUStees a Uld to make judgements, estimates and assurnptions about the carrwng amoL¢nt of a55ets and liabilities that are not adI1¥ app3nt from other Sources. The estirnates and 35sociated assumptions are based on historical experience and other factors that are considered to be relevant. Actual results may differfrom these estimates. The estimates and undertyin8 assumptions are wewed on an on8oin8 basi5. Revisions to accounting estimates are recognised in the period in which the estimate is rewsed where the revi5ton affects only that period. or in the period of the revrsion and futu periods where the mision affetts both current and futu periods.
PROSPERO WORLD NOTES TO THE FINANCIALSTATEMEKfs ICONWINUEDI FOR ThE YEAR ENDED 31 OKEMBER 2024 Donatlons and legades Tolal Unrestricted Restritted fvrxt5 fijnds Total funds fvnds 2024 2024 ZOZ4 2023 2023 2023 Donations and gifts 158,271 366.669 524.940 253.075 263.1Tr) 516.175 Donatk+ns and 8lfts Donations and le8acies Gift aid reclairned 106.541 51.730 366.669 473.210 51.730 162.960 90.115 263,111) 426,( 90.115 158,271 366.669 524.940 253,075 263,1 516.175 Income fn)m investn*nts Totsl lunds 2024 funds 2024 funds 2023 fvnds 2023 2024 2023 Interest (eIVable 212 1.407 1.619 137 1.639 1.776 12-
PROSPERO WORLD NOTES TO THE FINANCIALsfATEMEIIFS IcopmNuED} FOR ThE YEAR ENDED31 DECEMBER 2024 Expendlture on charitable acti¥1 Owrltsble Charltsble Expendifvre Expendiwre 2024 2023 Dlrert costs Computer consultancy and maintenan Sundry expenses Promotional expense5 Accountancy fees Independent examiner's fee Consultancy fees Bank char8es Travelling Intercompany loan balance written off 588 1,826 13,267 3.578 749 6,134 2.898 77,085 388 39 92,264 502 194 28.564 9).741 143.783 Grant funding of activities (see note 61 365.625 273.682 456,366 417,465 Analysls by fvnd Unrestricted funds Restricted funds 92.729 363,637 150,275 267,190 456,366 417,465 Grants payable Charitable Charitable Expendlture Expenditure 2024 2023 Restrcited Unrestricted 363.477 2.148 267,042 6,640 365.625 273,682 13-
PROSPERO WORLD NOTES TO THE FINANCIALSTATEMEPlts IcopillNUEDI FOR TIIE YEAR EP4DE031 DECEM8ER2024 Trusttts None of the trustee5 lor any PeOn$ connected them) reNed any remuneration or beThefts from the charity during the year. Employees The average monthly numberof employees during the year was: 2024 Number 2023 Number Total There were no employees whose annual Mneration was more than £60.Cfj). Gains and losses on iTh¥estments Unrestricted Unrestrlrted funds 2024 2023 Gainsll1055esl arising on- Sale of investments 10 Taxation The tharity is exempt from tsxabon on its attiwties because all its income is applied for charitable purposes. 11 Debtors 2024 20 Amountsfalling due within one year. Prepayments and accrued income 655 14-
PROSPERO WORLD NOTES TO THE FINANCIAL STATEMEPlts (copinNUED) FOR THE YEAR EhTDE031 DECEM8ER2024 12 Creditors: amountsfalllng due within one year 2024 2023 Trade creditor5 Accruals and defefred income 7.234 9,076 8.436 8.437 16,310 13 Restricted funds At l J•uary 2024 Incomlng Resourtes Transfe At31 December 2024 Restricted funds 295.775 368.076 1363.6371 37.092 337,306 15-
PROSPEAO WORiD NOTES TO THE FINANCIALSTATEMENTS ICONnNUED) FOR TIIE YEAR ENDED31 IXEM8ER 2024 Rèstrirted funds (Continued) PrevlousyeaT: Atljan 21n3 resour¢es expended Transfers At31 December 2023 Azahar Foundation Klitschko Foundation Phare Ponleu Selpak Omprakash EkTara Trojan Women Verrni Mahra Youth Unity AssOcian Ukraine Fund 8HSU 12,569 106 li ISl.8621 48.612 558 252 872 2.282 4.164 20.621 11051 9.330 664 538 130 6.638 12 112421 iii 14,9181 121 3.248 766 i.liyj 2,035 22.654 14.389 1,573 14.416 1.573 18.4381 938 250 12001 1.748 250 Emer8e Untold Grevy Zebra Trust YFA 11.8001 11.1251 623 1,220 75,057 10.190 3.301 149,206 1.220 75.IM9 8CKI 2.778 1881 Ukraine Humanitarian Fund Phoenix Relief Iukrainel Donor Advised Fund 9.333 7.21N) 88.978 57 16.6801 1191.1211 251.437 139.695 264,739 1267.1901 158.531 295.775 14 Unrestrfcted funds The unrestrirted funds of the charity comprise the unexpended balances of donatyons and grants which are not subjert to specific conditions by donors and 8rnntors as to how they may be used. These include designated funds which have been set aside out of unrestricted funds by the trustees for specific purposes. At ljanuary 2024 TTrn5fers Gains and At31 105ses December 2024 General funds 5.222 158.483 192.7291 137.0921 33,884 16-
PROSPERO WORLD NOTES TO THE FINANCIAL ATENTs IcopmNUED) FOR THE YEAR ENDED 311)ECEMB812024 14 Unrèstrlcted lunds {Contlnued) Previous year: At l January hKoM1 Resouytts Trnnsftrs Gains and At31 losses Decernber 2023 General funds 60.817 253.212 1150.2751 1158.5311 iii 5.222 17-
PROSPERO WORLD NOTES TO THE FINANaALsfATEMENTS (CONTINUED) FOR THE YEAR END£031 OKEM8ER 2024 16 Related partytrdnsactlons There were no disc105able relatsd party transadions during the year12023- none). 19-