2023-12-31-accounts

Trustees’ Annual Report for the period

From 1 January 2023 (Period start date) To 31 December 2023 (Period end date)

Charity name: PROSPECT HOUSE SCHOOL EDUCATIONAL TRUST

Charity registration number: 1196619

Objectives and Activities

	SORP reference
Summary of the purposes of the charity as set out in its governing document	Para 1.17	(a)To advance the charitable education of pupils at Prospect House School of 75 Putney Hill, SW15 3NT in such manner and in all respects as the trustees shall think fit, in particular (but without prejudice to the generality of the foregoing): (I) through the award of bursaries, scholarships, exhibitions, prizes and grants to such pupils and prospective pupils:, and (II) by making such payments as they shall in their absolute discretion determine for the development and improvement of the said school, its grounds and buildings (including the provision of recreational areas and facilities), for the purchase of books (or any other educational publications) and equipment (including musical instruments) for the said school, and by funding specialist teaching posts at the said school, in every case insofar as the same shall be charitable; and (b)To provide financial and any other type of support for such charity or charities or for such charitable purpose or charitable purposes as the trustees shall from time to time in their absolute discretion determine.
Summary of the main activities in relation to those purposes for the public benefit, in particular, the activities, projects or services identified in the accounts.	Para 1.17 and 1.19	The charity has raised funds through donations, mainly from parents at Prospect House School and the owner of the school, Dukes Education, and used those donations to fund means-tested bursaries for children at Prospect House School.
Statement confirming whether the trustees have had regard to the guidance issued by the Charity Commission on public benefit	Para 1.18	In planning our activities, the trustees have given careful consideration to the Charity Commission’s guidance on public benefit, and in particular to its supplementary public benefit guidance on advancing education.

Additional information (optional) You may choose to include further statements where relevant about:

SORP reference Para 1.38 Policy on grant making Para 1.38 Policy on social investment including program related investment Para 1.38 Contribution made by volunteers Other

Achievements and Performance

	SORP reference
Summary of the main achievements of the charity, identifying the difference the charity’s work has made to the circumstances of its beneficiaries and any wider benefits to society as a whole.	Para 1.20	Recruitment for a new bursary student took place during the year, with an offer made to a student, who commenced at the school in Year 3 in October 2023. The charity has continued to forge relationships with the leadership team at Prospect House School, the Prospect House School Parents Association and the ownership group of Prospect House School, Dukes Education.

Additional information (optional) You may choose to include further statements where relevant about:

Achievements against objectives set	Para 1.41

Performance of fundraising activities against objectives set	Para 1.41
Investment performance against objectives	Para 1.41
Other

Financial Review

Financial Review
Review of the charity’s financial position at the end of the period	Para 1.21	There were net incoming resources of £50,459 during the period, resulting in a healthy end of year net asset figure of £202,244.
Statement explaining the policy for holding reserves stating why they are held	Para 1.22	The trustees review the finances of the Trust at each meeting and have regard to the available cash reserves and likely future income in deciding the ability to grant bursaries. The guiding principle is to hold a minimum of three terms’ fees per pupil on reserve. At present, our excess over this amount is not a concern.
Amount of reserves held	Para 1.22	£202,244
Reasons for holding zero reserves	Para 1.22	N/A
Details of fund materially in deficit	Para 1.24	N/A
Explanation of any uncertainties about the charity continuing as a going concern	Para 1.23	None

Additional information (optional) You may choose to include further statements	Additional information (optional) You may choose to include further statements	where relevant about:
The charity’s principal sources of funds (including any fundraising)	Para 1.47	School based fundraising and parental donations are the principal source of funds.
Investment policy and objectives including any social investment policy adopted	Para 1.46	N/A
A description of the principal risks facing the charity	Para 1.46	(a) Identifying suitable candidates for bursaries. (b) Fundraising to ensure sufficient resources to support bursaries granted.
Other

Structure, Governance and Management

Description of charity’s trusts:
Type of governing document (trust deed, royal charter)	Para 1.25	Trust Deed
How is the charity constituted? (e.g unincorporated association, CIO)	Para 1.25	Trust
Trustee selection methods including details of any constitutional provisions e.g. election to post or name of any person or body entitled to appoint one or more trustees	Para 1.25	Trustees are interviewed upon application. Candidates’ skill set and biographies are circulated to all trustees, and the Board then votes on appointments.

Additional information (optional)

You may choose to include further statements where relevant about:

Policies and procedures adopted for the induction and training of trustees	Para 1.51	All trustees receive copies of relevant Trust documents and financial statements. New trustees have access to existing trustees in the event of any queries.
The charity’s organisational structure and any wider network with which the charity works	Para 1.51	The trustees split the roles of fundraising, marketing and scholar liaison between them. The Chair typically liaises with the school head and owners, and there is a Treasurer to deal with finances.
Relationship with any related parties	Para 1.51	The owner, Dukes Education, discounts the school fees of the scholar by 50% per financial year.
Other

Reference and Administrative details

Charity name	Prospect House School Educational Trust
Other name the charity uses
Registered charity number	1196619
Charity’s principal address	75 Putney Hill London SW15 3NT

Names of the charity trustees who manage the charity

1 2 3 4 5 6 7 8 9 10 11 12 13 14 15 16 17 18 19 20	Trustee name	Office (if any)	Dates acted if not for whole **year **	Name of person (or body) entitled to appoint trustee (ifany)
	James Jordan	Chair / Hon Treasurer
	Sarah Douglas	Trustee
	Justyna Lijs	Trustee
	Oliver Hudson	Trustee
	Michelle Douglas	Trustee

– Corporate trustees names of the directors at the date the report was approved

Director name None

Name of trustees holding title to property belonging to the charity

Trustee name	Dates acted if not for whole year
None

Funds held as custodian trustees on behalf of others

Description of the assets N/A held in this capacity Name and objects of the N/A charity on whose behalf the assets are held and how this falls within the custodian charity’s objects Details of arrangements for N/A safe custody and segregation of such assets from the charity’s own assets

Additional information (optional)

Names and addresses of advisers (Optional information)

Type of	Name	Address
adviser

Name of chief executive or names of senior staff members (Optional information)

Exemptions from disclosure

Reason for non-disclosure of key personnel details

Other optional information

Declarations

The trustees declare that they have approved the trustees’ report above.

Signed on behalf of the charity’s trustees

Signature(s) Full name(s) Position (eg Secretary, Chair, etc) Date
	James Jordan
	Chair / Hon Treasurer
	9 May 2025
	9 May 2025

Prospect House Schools Educational Trust	Prospect House Schools Educational Trust
Registered Charity Number 1196619
Accounting Statement
Accruals Bais forperiod 1 January 2023 - 31 December 2023
	2023
	£ £
Incoming Resources
Donations	21,251
One-off Donation from House Schools Trust	27,845
Total Incoming Resources	49,096
Resources Expended
Charitable Activities	(6,923)
Cost of Generating Funds
Costs of Fundraising	0
Administrative Costs/Other Costs	(360)
Total Resources Expended	(7,283)
Net Incoming/(Outgoing) Resources	41,812
Cash Funds at 1 January 2023	11,880
Cash Funds at 31 December 2023	53,692
Statement of Assets and Liabilities for 2023
Cash Funds
Metro	55,416
	55,416
Other Monetary Assets
Amount due from Fundraising Activities in 2023	0
	0
Liabilities
Commitments made in 2023	(1,723)
	(1,723)
Net Assets	53,692
All the trust's funds are unrestricted funds.
We approve the accounts and acknowledge our responsibility for them, and for providing all information and explanations necessary for their compilation. Signed on behalf of the Trustees
James Jordan
Chair and Hon Treasurer

Independent examiner’s report to the trustees of Prospect House School Educational Trust

I report to the trustees on my examination of the accounts of the Prospect House School Educational Trust (the Trust) for the year ended 31 December 2023.

Responsibilities and basis of report

As the charity trustees of the Trust you are responsible for the preparation of the accounts in accordance with the requirements of the Charities Act 2011 (‘the Act’).

I report in respect of my examination of the Trust’s accounts carried out under section 145 of the 2011 Act and in carrying out my examination I have followed all the applicable Directions given by the Charity Commission under section 145(5)(b) of the Act.

Independent examiner’s statement

I have completed my examination. I confirm that no material matters have come to my attention in connection with the examination giving me cause to believe that in any material respect:

1. Accounting records were not kept in respect of the Trust as required by section 130 of the Act; or

2. The accounts do not accord with those records; or

3. The accounts do not comply with the applicable requirements concerning the form and content of accounts set out in the Charities (Accounts and Report) Regulations 2008 other than the requirements that the accounts give a true and fair view which is not a matter considered as part of an independent examination.

I have no concerns and have come across no other matters in connection with the examination to which attention should be drawn in this report in order to enable a proper understanding of the accounts to be reached.

Signed:

Name: Christopher Alan Bell

Relevant professional qualification or membership of professional bodies (if any): CIMA

Address: Flat 504 , 417 Wick Lane , Bow , London, E3 2JG

Date: 11.05.2025