Project Possibility
Trustees' Annual Report
Period: 23 October 2023 to 31 March 2025
1. Reference and Administration Details
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Charity Name: Project Possibility.
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Registered Charity Number: 1205365.
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Principal Address: 14 Fairways, Two Mile Ash, Milton Keynes, MK8 8AJ.
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Website: projectpossibility.uk
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Email: info@projectpossibility.uk
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Trustees: James Frecknall (james@projectpossibility.uk), Andy Connolly (andy@projectpossibility.uk), Robert Simpson (rob@projectpossibility.uk).
2. Structure, Governance, and Management
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Governing Document: Constitution.
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How the Charity is Constituted: Charitable Incorporated Organisation (CIO).
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Trustee Selection: Trustees are appointed by the existing board.
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Governance: The charity has drafted and ratified Safeguarding, Privacy, and Health and Safety policies. Financial controls require multiple sign-offs for payments.
3. Objectives and Activities
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Summary of Objects: To advance education and community engagement through interactive events and science-based outreach.
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Public Benefit: The trustees have had regard to the Charity Commission's guidance on public benefit.
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Main Activities:
Classtronauts: An educational space-themed event for schools.
The Great Toy Race: A community fundraising event held in Milton Keynes.
4. Achievements and Performance
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Classtronauts (Oct 2024): Successfully ran at Priors Wood school; mission named 'Teamwork 1' by students.
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The Great Toy Race (Sep 2024): Used GPS tracking to engage the community and raise initial funds.
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Fundraising: Established a JustGiving presence and achieved Gift Aid registration.
5. Financial Review
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Reserves Policy: The charity aims to build reserves to cover high-cost educational events.
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Trustee Support: Founding trustees provided initial seed funding of £300 (£100 each).
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Trustee Loan: Robert Simpson personally funded £3,086.00 in equipment and startup costs. This is recorded as a liability to be repaid when funds allow.
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Net Position: The charity ends the period with a bank balance of £718.58.
Approved by the Trustees
(Standard practice: Treasurer signs. Additional signatures optional.)
SIGN Signed: _________ Name: Robert Simpson Position: Treasurer Date: 18/01/2026
Optional Additional Signatures:
Signed: ______ Name: ______ Date: _____
Signed: ______ Name: ______ Date: _____
Project Possibility
Receipts and Payments Accounts
Period: 23 October 2023 to 31 March 2025
projectpossibility.uk
Section A: Receipts
| Section A: Receipts | Unrestricted Funds (£) |
|---|---|
| Trustee Donations (Initial Seed Funding) | 300.00 |
| JustGiving Public Donations | 1,418.58 |
| Total Receipts | 1,718.58 |
Section B: Payments
| Section B: Payments | Unrestricted Funds (£) |
|---|---|
| Event Costs (Sent Into Space - INV-1141) | 1,000.00 |
| Total Payments | 1,000.00 |
Section C: Cash Position
| Net of Receipts / (Payments) | 718.58 |
|---|---|
| Cash funds at start of period | 0.00 |
| Cash funds at end of period | 718.58 |
Section D: Statement of Assets & Liabilities
Liabilities: Loan from Robert Simpson (Startup Costs) 3,086.00
Approved by the Trustees
(Standard practice: Treasurer signs. Additional signatures optional.)
SIGN Signed: _________ Name: Robert Simpson Position: Treasurer Date: 18/01/2026
Optional Additional Signatures:
Signed: ______ Name: ______ Date: _____
Signed: ______ Name: ______ Date: _____