## **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**
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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|||
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## – 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|||
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## **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