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2025-08-31-accounts

REGISTERED CHARITY NUMBER: 523503

REPORT OF THE TRUSTEES AND

FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31ST AUGUST 2025

FOR

PRISM YOUTH PROJECT

PRISM YOUTH PROJECT

CONTENTS OF THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31ST AUGUST 2025

Page
Reference and Administra�ve Details 1
Report of the Trustees 2
Report of the Independent Auditors 9
Statement of Financial Ac�vi�es 12
Balance Sheet 13
Cash Flow Statement 14
Notes to the Financial Statements 15

PRISM YOUTH PROJECT

REFERENCE AND ADMINISTRATIVE DETAILS FOR THE YEAR ENDED 31ST AUGUST 2025

TRUSTEES Ms Susan Elizabeth Hemsley
Ms Charlo�e Maxwell-Warrior
Mr Emmerson Walgrove
Mr Ma�hew Moore (appointed 29 January 2025)
UK Youth (registered charity number 1110590)
PRINCIPAL ADDRESS Walker Drive
Girlington
Bradford
BD8 9ES
REGISTERED CHARITY NUMBER 523503
PRINCIPAL STAFF Mrs Ka�e Corfeld (Headteacher)
Miss Chrissie Marshall (Deputy Headteacher)
Mrs Lauren Jackson Hamil (Deputy Headteacher/SENCO)
INDEPENDENT AUDITORS Sumer Auditco Limited
New Char�ord House
Centurion Way
Cleckheaton
BD19 3QB
BANKERS Virgin Money
10 Austhorpe Road
Crossgates
Leeds
West Yorkshire
LS15 8DL

1

PRISM YOUTH PROJECT

REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31ST AUGUST 2025

trustees have adopted the provisions of Accoun�ng and Repor�ng by Chari�es: Statement of Recommended Prac�ce applicable to chari�es preparing their accounts in accordance with the Financial Repor�ng Standard applicable in the UK and Republic of Ireland (FRS 102) (effec�ve 1 January 2019).

BACKGROUND

challenges in mainstream educa�onal se�ngs. The charity was founded to address the growing need for specialised services that cater to pupils with Social, Emo�onal, and Mental Health (SEMH) needs and those at risk of permanent exclusion from mainstream schools.

Over the years, Prism Youth Project has developed a reputa�on for its holis�c approach to educa�on and its commitment to improving outcomes for vulnerable young people. The charity works closely with schools, local authori�es, and families to provide tailored interven�ons that help young people re-engage with educa�on, develop essen�al life skills, and build the resilience needed to succeed in their future endeavours.

At the core of our work is the belief that every young person deserves the opportunity to reach their full poten�al, regardless of their background or challenges. We provide academic support and social and emo�onal guidance, ensuring our pupils can overcome barriers in their educa�on and personal lives.

Essen�al Services and Areas of Focus:

commitment to innova�on, inclusion, and posi�ve outcomes for young people has driven us to expand our reach and impact across the region. The forthcoming incorpora�on and ambi�ous expansion plans will ensure that we can con�nue to serve the young people of West and North Yorkshire for years to come.

Reference and Administra�ve Details

The Reference and Administra�ve Details page forms part of this report.

Aims and Objec�ves (2024–2025)

Prism Youth Project remains deeply commi�ed to suppor�ng young people with mental health needs and those at risk of exploita�on. These vulnerable groups o�en face significant barriers to accessing help, and our mission is to ensure they receive �mely, specialised support that addresses both educa�onal and personal well-being.

2

PRISM YOUTH PROJECT

REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31ST AUGUST 2025

1. Suppor�ng Mental Health Needs

las�ng impact of the COVID-19 pandemic. At Prism, we recognise that mental health is fundamental to educa�onal success and life outcomes. This year, we have strengthened our mental health provision through:

2. Protec�ng Young People at Risk of Exploita�on

Many of the young people we serve are at heightened risk of exploita�on due to social isola�on, family instability, and previous trauma. Our safeguarding strategy includes:

for young people under 25 in West Yorkshire, with a preference for Bradford Metropolitan District. We achieve this through:

governance, proac�ve risk management, and ambi�ous plans for growth—including trustee recruitment and service expansion—provide a solid founda�on for sustainable development and long-term success.

Achievement and Performance

and those permanently excluded from mainstream educa�on se�ngs. This increase reflects our strengthened partnership with the local authority, which has entrusted us with suppor�ng some of the most vulnerable students in the region. Our team has expanded its capacity and exper�se to meet these needs, ensuring each pupil receives tailored support aligned with their individual requirements.

Key Achievements for 2024–2025

We are proud to share the major achievements and accomplishments at Prism Youth Project, which aim to improve young people's lives and prospects across Bradford and beyond:

3

PRISM YOUTH PROJECT

REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31ST AUGUST 2025

Ongoing Projects

our provision. Building on this success, we have strengthened our collabora�on with the local authority to address emerging safeguarding needs and trends.

This year, our focus includes:

4

PRISM YOUTH PROJECT

REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31ST AUGUST 2025

Principal Risks and Uncertain�es

these risks. A risk register is maintained, and measures are implemented to address iden�fied risks. The most significant risks and the strategies to mi�gate them are as follows:

Financial Review

ensure the sustainability of our services and con�nued support for young people facing significant challenges. Our financial strategy is centred on careful budge�ng, prudent financial management, and the diversifica�on of income sources to reduce our reliance on any single funding stream.

INCOME

The charity received total income of £2,312,231 in the year from various sources, including:

EXPENDITURE

key areas:

5

PRISM YOUTH PROJECT

REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31ST AUGUST 2025

CAPITAL INVESTMENTS

The charity invested £130,594 in capital projects during the year. As part of our expansion plans, we are preparing for new site developments to accommodate addi�onal Key Stage 4 and 5 students, with a par�cular focus on suppor�ng those with SEMH needs. Through careful financial planning, we have successfully managed opera�onal costs while se�ng aside funds for future capital investments.

SUMMARY

a surplus of £131,500 for the financial year 2024/2025 (2024: £309,920). The surplus consists of a surplus of restricted funds of £18,992 (2024: deficit of £20,011) and a deficit of £60,742 (2024: surplus of £419,228) arising on un restricted funds. This surplus arising on restricted funds is primarily due to �ming differences between when funding is received and when it is spent. In some cases, funding may be received upfront, while the associated spending occurs in later years. Conversely, there are instances where expenses are incurred before the corresponding funding is received. These �ming mismatches are inherent to the lifecycle of many projects and do not indicate a shor�all in overall funding. As the projects progress, these differences are expected to balance out, ensuring that restricted funds are appropriately allocated over �me. Our overall surplus reflects the charity’s ability to manage its opera�ons within its means while con�nuing to deliver essen�al services to vulnerable young people.

Reserves Policy

at a range between 15% of its annual core expenditure plus one month salary costs, and three month’s opera�ng expenditure. The Trustees consider that reserves at this level will ensure that, in the event of a significant drop in funding or short-term financial disrup�on, they will be able to con�nue the charity’s current ac�vi�es while considera�on is given to ways in which addi�onal funds may be raised.

The charity has a range of legal and moral responsibili�es to funders of its services, to those who use its services, as well as contractual commitments to employees. At 31st August 2025 the free reserves of the charity were £248,488 (2023: £373,565). This equates to 11% (2024: 19%) of annual expenditure. This amount falls within the with the range specified in the reserves policy, set between £232,483 and £545,183. The reserves are regularly reviewed and adjusted to reflect changes

In July 2025, the Trustees approved a further alloca�on of £173,250 for future projects and capital works planned for 2025/26. This amount has been set aside in designated reserves.

Fundraising ac�vi�es

services. We do not ac�vely fundraise from the public, no commercial fundraisers or par�cipators are engaged. We received dona�ons and grants from charitable trusts and founda�ons, corporate sponsors, and individual donors, all of which are ac�vely pursued by our dedicated fundraising officer.

Fundraising in the charity sector has been regulated by the fundraising Regulator since 2015. However, the charity itself is not directly registered with the regulator. The Trustees are not aware of any failure by the charity to comply with this regula�on and no complaints have been received in rela�on to any form of fundraising.

Plans For Future Periods

Looking ahead, the charity has ambi�ous plans to expand and diversify our support for vulnerable pupils and their families. Our key aims and objec�ves for the future include:

6

PRISM YOUTH PROJECT

REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31ST AUGUST 2025

Structure, Governance and Management

GOVERNING DOCUMENT

Prism Youth Project is a registered charity; the governing document is a Scheme of the Charity Commissioners dated 20th September 2010, which replaced the former trusts of the charity.

GOVERNANCE AND MANAGEMENT

Trustees are selected from individuals who express an interest in the charity’s work and are commi�ed to advancing its objec�ves. New trustees are formally appointed through a majority vote by the exis�ng trustees. Their induc�on is led by the headteacher, with support from all Trustees, to familiarize them with the charity’s policies, prac�ces, goals, ac�vi�es, and their legal responsibili�es under charity law.

The Management Commi�ee, which includes the Trustees and the Senior Leadership Team, is responsible for the strategic direc�on of the Charity and overseas its policy, planning and finances. The Commi�ee meets quarterly to set the charity’s general policies and review its overall management and governance. We con�nue to work closely with external auditors and advisors to ensure compliance with best prac�ces in charity governance and financial repor�ng.

KEY MANAGEMENT PERSONNEL REMUNERATION

Remunera�on of key management personnel is reviewed annually by the trustees. Annual salary adjustments are approved as per the Na�onal Joint Council (NJC) guidelines, ensuring that staff are fairly compensated. This policy ensures that we remain compe��ve and able to retain high-quality staff. Increases are made in line with the rise in living expenses, and due to a surplus in the budget, we have started to bring all salaries across the school in line with wages in special schools.

Disclosure of informa�on to the auditor

auditor is unaware of. They have further confirmed that they have taken appropriate steps to iden�fy per�nent informa�on and establish that the auditor is aware of it.

Statement of Trustees' Responsibili�es

applicable law and United Kingdom Accoun�ng Standards (United Kingdom Generally Accepted Accoun�ng Prac�ce).

7

PRISM YOUTH PROJECT

REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31ST AUGUST 2025

The law applicable to chari�es in England and Wales, the Chari�es Act 2011, Charity (Accounts and Reports) Regula�ons 2008 and the provisions of the trust deed requires the trustees to prepare financial statements for each financial year which give a true and fair view of the state of affairs of the charity and of the incoming resources and applica�on of resources, including the income and expenditure, of the charity for that period. In preparing those financial statements, the trustees are required to

The trustees are responsible for keeping proper accoun�ng records which disclose with reasonable accuracy at any �me the financial posi�on of the charity and to enable them to ensure that the financial statements comply with the Chari�es Act 2011, the Charity (Accounts and Reports) Regula�ons 2008 and the provisions of the trust deed. They are also responsible for safeguarding the assets of the charity and hence for taking reasonable steps for the preven�on and detec�on of fraud and other irregulari�es.

Approved by order of the board of trustees on………………………………and signed on its behalf by

~~………………………………………………..~~

C Maxwell-Warrier – Trustee

8

PRISM YOUTH PROJECT

REPORT OF THE INDEPENDENT AUDITORS TO THE TRUSTEES OF PRISM YOUTH PROJECT FOR THE YEAR ENDED 31ST AUGUST 2025

Opinion

comprise of the Statement of Financial Ac�vi�es, the Balance Sheet, the Cash flow Statement and notes to the financial statements, including significant accoun�ng policies. The financial repor�ng framework that has been applied in their prepara�on is applicable law and United Kingdom Accoun�ng Standards, including Financial Repor�ng Standard 102 The Financial Repor�ng Standard applicable in the UK and Republic of Ireland (United Kingdom Generally Accepted Accoun�ng Prac�ce).

Basis for opinion

We conducted our audit in accordance with Interna�onal Standards on Audi�ng (UK) (ISAs (UK)) and applicable law. Our responsibili�es under those standards are further described in the auditor responsibili�es for the audit of the financial statements sec�on of our report. We are independent of the charity in accordance with the ethical requirements that are relevant to our audit of the financial statements in the UK, including the FRC’s Ethical Standard, and we have fulfilled our other ethical responsibili�es in accordance with these requirements. We believe that the audit evidence we have obtained is sufficient and appropriate to provide a basis for our opinion.

Conclusions rela�ng to going concern

concluded that the trustees’ use of the going concern basis of accoun�ng in the prepara�on of the financial statements is appropriate.

that, individually or collec�vely, may cast significant doubt on the charity's ability to con�nue as a going concern for a period

Our responsibili�es and the responsibili�es of the trustees with respect to going concern are described in the relevant sec�ons of this report.

Other informa�on

and our auditor’s report thereon. The trustees are responsible for the other informa�on. Our opinion on the financial statements does not cover the other informa�on and we do not express any form of assurance conclusion thereon.

Our responsibility is to read the other informa�on and, in doing so, consider whether the other informa�on is materially inconsistent with the financial statements or our knowledge obtained in the course of the audit or otherwise appears to be materially misstated. If we iden�fy such material inconsistencies or apparent material misstatements, we are required to determine whether this gives rise to a material misstatement in the financial statements themselves. If, based on the work we have performed, we conclude that there is a material misstatement of this other informa�on, we are required to report that fact.

We have nothing to report in this regard.

9

PRISM YOUTH PROJECT

REPORT OF THE INDEPENDENT AUDITORS TO THE TRUSTEES OF PRISM YOUTH PROJECT FOR THE YEAR ENDED 31ST AUGUST 2025

Ma�ers on which we are required to report by excep�on

We have nothing to report in respect of the following ma�ers in rela�on to which the Chari�es (Accounts and Reports) Regula�ons 2008 require us to report to you if, in our opinion:

Responsibili�es of trustees

As explained more fully in the trustees’ responsibili�es statement, the trustees are responsible for the prepara�on of the financial statements and for being sa�sfied that they give a true and fair view, and for such internal control as the trustees determine is necessary to enable the prepara�on of financial statements that are free from material misstatement, whether due to fraud or error.

a going concern, disclosing, as applicable, ma�ers related to going concern and using the going concern basis of accoun�ng unless the trustees either intend to liquidate the charity or to cease opera�ons, or have no realis�c alterna�ve but to do so.

We have been appointed as auditor under sec�on 144 of the Chari�es Act 2011 and report in accordance with the Act and relevant regula�ons made or having effect thereunder.

misstatement, whether due to fraud or error, and to issue an auditor’s report that includes our opinion. Reasonable assurance is a high level of assurance, but is not a guarantee that an audit conducted in accordance with ISAs (UK) will always detect a material misstatement when it exists. Misstatements can arise from fraud or error and are considered material if, individually or in the aggregate, they could reasonably be expected to influence the economic decisions of users taken on the basis of

Irregulari�es, including fraud, are instances of non-compliance with laws and regula�ons. We design procedures in line with our responsibili�es, outlined above, to detect material misstatements in respect of irregulari�es, including fraud. The extent to which our procedures are capable of detec�ng irregulari�es, including fraud is detailed below:

10

PRISM YOUTH PROJECT

REPORT OF THE INDEPENDENT AUDITORS TO THE TRUSTEES OF PRISM YOUTH PROJECT FOR THE YEAR ENDED 31ST AUGUST 2025

understanding of how fraud might occur, by;

To address the risks of fraud through management bias and override controls, we:

In response to the risk of irregulari�es and non compliance with laws and regula�ons, we designed procedures which included, but were not limited to:

Because of the inherent limita�ons of an audit, there is a risk that we will not detect all irregulari�es, including those leading to a material misstatement in the financial statements or non-compliance with regula�on. This risk increases the more that compliance with a law or regula�on is removed from the events and transac�ons reflected in the financial statements, as we will be less likely to become aware of instances of non-compliance. The risk is also greater regarding irregulari�es occurring due to fraud rather than error, as fraud involves inten�onal concealment, forgery, collusion, omission or misrepresenta�on.

Use of our report

This report is made solely to the charity’s trustees, as a body, in accordance with Part 4 of the Chari�es (Accounts and Reports) Regula�ons 2008. Our audit work has been undertaken so that we might state to the charity’s trustees those ma�ers we are required to state to them in an auditor’s report and for no other purpose. To the fullest extent permi�ed by law, we do not accept or assume responsibility to anyone other than the charity and the charity’s trustees as a body, for our audit work, for this report, or for the opinions we have formed.

Neil Baldwin (Senior Statutory Auditor) For and on behalf of Sumer Auditco Limited, Statutory Auditor New Char�ord House Centurion Way Cleckheaton West Yorkshire BD19 3QB

Date:

Sumer Auditco Limited is eligible for appointment as auditor of the charity by virtue of its eligibility for appointment as auditor of a company under sec�on 1212 of the Companies Act 2006.

11

PRISM YOUTH PROJECT

STATEMENT OF FINANCIAL ACTIVITIES FOR THE YEAR ENDED 31ST AUGUST 2025

Note
Income from
Dona�ons
2
Charitable ac�vi�es
Youth ac�vity
3
Investment
4
Other
Total income
Expenditure on
Raising funds
5
Charitable ac�vi�es
Youth ac�vity
6
Total expenditure
Net income
Transfers between funds
15,16
Net movement in funds
15,16
Funds brought forward
Funds carried forward
15,16		 Unrestricted
Funds
£
131
2,237,015
30,629
100
2,267,875
26,296
2,129,071
2,155,367
112,508
(173,250)
(60,742)
879,882
819,140		 Designated
Funds
£
-
-
-
-
-
-
-
173,250
173,250
425,000
598,250		 Restricted
Funds
£
44,356
-
-
44,356
-
25,364
25,364
18,992
-
18,992
7,986
26,978		 2025 Total
Funds
£
44,487
2,237,015
30,629
100
2,312,231
26,296
2,154,435
2,180,731
131,500
-
131,500
1,312,868
1,444,368		 2024 Total
Funds
£
22,932
2,175,223
33,363
62
2,231,580
26,237
1,895,423
1,921,660
309,920
-
309,920
1,002,948
1,312,868

A detailed Statement of Financial Ac�vi�es for the year ending 31 August 2024 is shown at note 23.

12

PRISM YOUTH PROJECT

BALANCE SHEET

FOR THE YEAR ENDED 31ST AUGUST 2025

Notes
Fixed assets
Tangible assets
11
Current assets
Debtors
12
Investments
13
Cash at bank and in hand
Creditors: amounts falling due within one year
14
Net current assets
Total net assets
Charity funds
Unrestricted funds
-General
-Designated
15
Restricted funds
16
Total funds		 £
82,366
773,733
305,781		 2025
£
570,652
570,652
873,716
1,446,368
819,140
598,250
26,978
1,444,368		 £
99,864
767,244
242,386		 2024
£
506,318
506,318
806,550
1,161,880 1,109,494
(288,164) (302,944)
1,312,868
879,882
425,000
7,986
1,312,868

signed on its behalf by:

~~.............................................~~

C Maxwell-Warrier – Trustee

13

PRISM YOUTH PROJECT

CASH FLOW STATEMENT

FOR THE YEAR ENDED 31ST AUGUST 2025

Note
Cashfows from opera�ng ac�vi�es
Net cash provided by opera�ng ac�vi�es
20
Cash fows from inves�ng ac�vi�es
Purchase of tangible fxed assets
Interest received
Purchase of investments
Net cash (used in) inves�ng ac�vi�es
Change in cash and cash equivalents in the repor�ng period
Cash and cash equivalent at the beginning of the repor�ng period
Cash and cash equivalent at the end of the repor�ng period		 2025
£
169,849
(130,594)
30,629
(6,489)
(106,454)
(63,395)
242,386
305,781		 2024
£
381,865
(149,375)
33,363
(606,060)
(722,072)
(340,207)
582,593
242,386

14

PRISM YOUTH PROJECT

NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31ST AUGUST 2025

1. Accoun�ng policies

accordance with the Chari�es SORP (FRS 102) 'Accoun�ng and Repor�ng by Chari�es: Statement of Recommended Prac�ce applicable to chari�es preparing their accounts in accordance with the Financial Repor�ng Standard applicable in the UK and Republic of Ireland (FRS 102) (effec�ve 1 January 2019)', Financial Repor�ng Standard 102 'The Financial Repor�ng Standard applicable in the UK and Republic of Ireland' and the Chari�es Act 2011. The financial statements have been prepared under the historical cost conven�on.

the nearest £1.

Going concern

uncertain�es exist. The trustees have considered the level of funds held and the expected level of income and expenditure for 12 months from authorising these financial statements. The budgeted income and expenditure is sufficient with the level of reserves for the charity to be able to con�nue as a going concern.

policies have been consistently applied to all years presented unless otherwise stated.

Income

All income is recognised in the Statement of Financial Ac�vi�es once the charity has en�tlement to the funds, it is probable that the income will be received and the amount can be measured reliably.

Expenditure

Liabili�es are recognised as expenditure as soon as there is a legal or construc�ve obliga�on commi�ng the charity to that expenditure, it is probable that a transfer of economic benefits will be required in se�lement and the amount of the obliga�on can be measured reliably. Expenditure is accounted for on an accruals basis and has been classified under headings that aggregate all cost related to the category. Where costs cannot be directly a�ributed to par�cular headings they have been allocated to ac�vi�es on a basis consistent with the use of resources.

Individual assets cos�ng more than £10,000 are capitalised and included at cost (or deemed cost) or valua�on at the �me of acquisi�on. Cost includes costs directly a�ributable to making the asset capable of opera�ng as intended.

value, of each asset on a systema�c basis over its expected useful life as follows

Freehold land -no deprecia�on
Buildings (Farm) -2% straight line
Building improvements (centre) -2% straight line
Security fencing -20% straight line
Fixtures and f�ngs -25% straight line

assessed standard performance, or where it replaces or restores a component of the asset that has been treated separately for deprecia�on purposes. Expenditure in rela�on to assets which does not meet these condi�ons is recognised as an expense in the year.

Taxa�on

The charity is a registered charity and as such is poten�ally en�tled to tax exemp�on under sec�on 256 of the Taxa�on of Chargeable Gains Act 1992 in respect of income and gains arising.

15

PRISM YOUTH PROJECT

NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31ST AUGUST 2025

1. Accoun�ng policies - con�nued

Fund accoun�ng

Unrestricted funds can be used in accordance with the charitable objec�ves at the discre�on of the trustees.

Restricted funds can only be used for par�cular restricted purposes within the objects of the charity. Restric�ons arise when specified by the donor or when funds are raised for par�cular restricted purposes.

Designated funds comprise unrestricted funds that have been set aside by the trustees for par�cular purposes.

Debtors and creditors receivable/ payable within one year

Debtors and creditors with no stated interest rate and receivable or payable within one year are recorded at transac�on price. Any losses arising from impairment are recognised in expenditure.

Cash at bank and in hand

Cash at bank and in hand includes cash and short-term highly liquid investments with a short maturity held for working capital.

obliga�ons does not fall within the same period.

scheme are charged to the Statement of Financial Ac�vi�es in the period to which they relate.

2. Dona�ons

For the year ended 31 August 2025
Ernst Cook
Kellogg’s
Mayor's Safer Communi�es Fund
Na�onal Lo�ery Community Fund
Sports England
Suppor�ng Literacy in Bradford
Other
For the year ended 31 August 2024
The Harry & Mary Founda�on
Literacy Project-Sir Ken & Lady Morrison
Mayor's Safer Communi�es Fund
Ninevah Trust
Skipton Building Society Charitable Founda�on
Other		 Unrestricted
funds
£
1,000
1,000
7,930
14,256
13,170
7,000
-
44,356
Unrestricted
funds
£
5,000
-
-
-
-
1,033
6,033		 Restricted
Funds
£
-
-
-
-
-
-
131
131
Restricted
Funds
£
-
2,000
7,660
4,880
2,359
-
16,899		 Total
£
1,000
1,000
7,930
14,256
13,170
7,000
131
44,487
Total
£
5,000
2,000
7,660
4,880
2,359
1,033
22,932

16

PRISM YOUTH PROJECT

NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31ST AUGUST 2025

3. Income from charitable ac�vi�es

ncome from charitable ac�vi�es
2025 2024
£ £
Young person related income 2,237,015 2,175,223

4. Investment income

Interest receivable 2025
2024
£
£
30,629
33,363

5. Expenditure on raising funds

Staf costs 2025
2024
£
£
26,296
26,237

6. Expenditure on charitable ac�vi�es

xpenditure on charitable ac�vi�es
Staf costs
Recruitment
Sessional staf
Accredita�on
Ac�vity costs
Animal care
Project costs
Equipment and resources
Food
Consultancy
Outreach
Transport net of contribu�on
Volunteer expenses
Learner incen�ves
Travel & subsistence
Training
Share of support costs (note 7)
Share of governance costs (note 8)
Analysis by fund
Unrestricted
Restricted		 2025
£
1,034,816
3,916
275,509
10,722
9,852
19,778
2,916
57,947
18,892
37,904
72,924
2,947
-
762
4,487
22,934
1,576,306
554,799
23,330
2,154,435
2,129,071
25,364		 2024
£
937,126
798
191,022
3,237
14,146
16,973
4,038
77,656
14,638
25,223
49,353
4,118
21
1,220
5,878
19,462
1,364,909
513,185
21,960
1,900,054
1,858,514
36,909

17

PRISM YOUTH PROJECT

NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31ST AUGUST 2025

7. Support costs

Staf costs
Other staf related costs
Cleaning
Insurance
Postage and sta�onery
Bank charges
General ofce equipment
Repairs and maintenance
IT & connec�vity
Rent & rates
Dues and Subscrip�ons
Telephone
U�li�es
Deprecia�on
Professional fees
Publicity and Promo�on
Other
8.
Governance costs
Auditors’ remunera�on – audit
Auditors’ remunera�on – non-audit work
Legal fees		 2025
£
73,052
16,574
45,180
25,661
12,617
492
11,991
156,633
32,808
2,255
25,242
13,535
23,534
66,260
30,788
15,332
2,845
554,799		 2024
£
71,688
12,943
13,820
20,783
13,460
1,087
49,386
191,408
7,145
6,636
25,937
14,120
16,589
26,105
23,566
13,865
16
513,185
2025
£
13,125
2,895
7,310
23,330		 Basis of
alloca�on
FTE
Direct
Direct
Direct
Direct
Direct
Direct
Direct
Direct
Direct
Direct
Direct
Direct
Direct
Direct
Direct
Direct
2024
£
15,000
-
6,960
21,960

9. Trustees

charity during the year (2024: none).

There were no trustees' expenses paid for the year ended 31st August 2025 (2024: one trustee received £21 rela�ng to reimbursed travel costs incurred on charity business)

18

PRISM YOUTH PROJECT

NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31ST AUGUST 2025

10. Employees

mployees
The average monthly number of employees during the year was:
Employment costs
Wages and salaries
Social security costs
Other pension costs		 2025
Number
33
2025
£
1,018,401
90,152
25,748
1,134,301		 2024
Number
35
2024
928,771
82,773
23,507
1,035,051

Two employees received emoluments in excess of £60,000 but not more than £70,000 (2024: one), and one employee received emoluments in excess of £80,000 but not more than £90,000 (2024: none).

employment cost to the charity of the key management personnel were £254,680 (2024: £198,365).

11.

12.

angible fxed assets
Building
(farm)
£
Cost
At 1 September 2024
322,370
Addi�ons
35,913
Disposals
-
At 31 August 2025
358,283
Deprecia�on
At 1 September 2024
115,140
Addi�ons
6,447
Disposals
-
At 31 August 2025
121,587
Carrying amount
At 31 August 2025
236,696
At 31 August 2024
207,230
ebtors
Amounts falling due within one year:
Trade debtors
Prepayments and accrued income		 Long
Leasehold
£
50,000
-
-
50,000
-
-
-
-
50,000
50,000		 Building
improvements
(Centre)
£
238,698
-
-
238,698
88,027
3,943
-
91,970
146,728
150,671		 Security
Fencing
£
22,868
16,200
-
22,868
22,868
3,240
-
22,868
12,960
-
2025
£
45,028
37,338
82,366		 Fixtures
and
Fi�ngs
Total
£
£
154,792
788,728
78,481
130,594
(15,726)
(15,726)
217,547
903,596
56,375
282,410
52,630
66,260
(15,726)
(15,726)
93,279
332,944
124,268
570,652
98,417
506,318
2024
£
7,642
92,222
99,864		 Total
£
788,728
130,594
(15,726)
903,596
282,410
66,260
(15,726)
332,944

Debtors

19

PRISM YOUTH PROJECT

NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31ST AUGUST 2025

13. Current asset investments

urrent asset investments
2025 2024
£ £
Deposit investments 773,733 767,244

to 2 year fixed.

14. Creditors

Amounts falling due within one year:
Trade creditors
Taxa�on and social security
Accruals and other creditors		 2025
£
33,572
98,048
156,544
288,164		 2024
£
119,385
15,712
167,847
302,944

20

Balance at 31 August 2025 £ - 10,000 5,000 10,000 5,000 300,000 40,000 5,000 - - 10,000 35,000 60,000 10,000 7,500 20,000 15,000 13,750 25,000 20,000 7,000 598,250
Expenditure £ - - - - - - - - - (20,000) (30,000) - - - - - - - - - - - (50,000)
Movement in funds Balance at 1
Transfers		 September
from general		 2024
funds		 £ -
-		 - 10,000
-		 5,000
-		 10,000
-		 5,000
-		 300,000
-		 40,000
-		 5,000
-		 20,000
-		 30,000
-		 -
10,000		 -
35,000		 -
60,000		 -
10,000		 -
7,500		 -
20,000		 -
15,000		 -
13,750		 -
25,000		 -
20,000		 -
7,000		 425,000
223,250
Expenditure £ - - - - - - - - - - - - - - - - - - - - - - 21
Movement in funds Reclassifca�on £ (28,633) - - - - - - - - 28,633 - - - - - - - - - - - 28,633
Transfers from general funds £ - 10,000 5,000 10,000 5,000 300,000 40,000 5,000 20,000 1,367 - - - - - - - - - - - 396,367
Balance at 1 September 2023 £ 28,633 - - - - - - - - - - - - - - - - - - - - 28,633
Capital projects Farm Community Open Day BABIES Project Gym equipment Media equipment Post 16 spaces Cooking kitchen portable cabin SEN fair Projectors Portable Cabin - Girls group Addi�onal gym equipment (farm) Ofce space (farm) Disability pathing (farm) Public areas of Prism Update MIS Animal Enclosures Crea�on of addi�onal construc�on teaching area Bike to school project Electrical works club Maglock doors both sites Walker Drive resurfacing
Restricted funds The income funds of the charity include restricted funds comprising the following unexpended balances of dona�ons and grants held on trust for specifc purposes: Movement in funds
Movement in funds		 Balance at 1
Income
Expenditure
Balance at 1
Income
Expenditure
Balance at 31		 September
September
August 2025		 2023
2024		 £
£
£
£
£
£
£		 Chill Out Project LCF
4,336
-
(3,376)
960
-
(960)
-		 Ernst Cook
-
-
-
-
1,000
(899)
101		 The Green Hall Founda�on
2,000
-
(2,000)
-
-
-
-		 Kellogg's
-
-
-
-
1,000
(1,000)
-		 Literacy Project-Sir ken & Lady
1,660
2,000
(3,660)
-
-
-
-		 Mayor's Safer Communi�es Fund
-
7,660
(5,141)
2,519
7,930
(6,020)
4,429		 Na�onal Lo�ery Community Fund
-
-
-
-
14,256
-
14,256		 Network for Social Change
20,000
-
(20,000)
-
-
-
-		 Ninevah Trust
-
4,880
(373)
4,507
-
(4,507)
-		 Skipton Building Society Charitable Founda�on
-
2,359
(2,359)
-
-
-
-		 Sports England
-
-
-
-
13,170
(4,978)
8,192		 Suppor�ng Literacy in Bradford
-
-
-
-
7,000
(7,000)
-		 27,996
16,899
(36,909)
7,986
44,356
(25,364)
26,978		 Purpose of restricted funds Ernst Cook
-Funding towards a nature trail to enable the school to deliver outdoor learning and nature connec�on.		 Chill Out Project LCF
-This is a two-year grant to cover costs for a two-year evening project for young people to meet new friends, have fun,		 learn new skills and be crea�ve by doing a variety of ac�vi�es to enhance their confdence, self-esteem and wellbeing and increase their aspira�ons for the future. The Green Hall Founda�on
-Funding towards building a Therapeu�c Sensory Garden at the City Farm. This mul� –sensory garden will be specifcally		 designed to engage the senses and provide a relaxing stress free space for our young people with special educa�onal needs and also for our volunteers who may sufer from anxiety and mental health issues. Kellogg's
-Funding awarded specifcally to help to support the running of our Breakfast Club and to aid its future		 sustainability at Prism Independent School. Our Breakfast Club encourages social interac�on with other pupils and provides a nutri�onal breakfast for some of the most disadvantaged young people. 22
16.
Restricted funds – CONTINUED Literacy Project-Sir Ken & Lady
-This is a two year grant towards funding stafng costs for the two year Literacy Project which ofers personalised one to
one support to young people with Special Educa�onal Needs to enhance their confdence.		 Mayor's Safer Communi�es Fund
-Funds the Freedom Project which will support, guide and empower young people to have the skills and self determina�on		 to make their own independent choices to avoid or free themselves from being vic�ms of crime. Na�onal Lo�ery Community Fund
-Funding to purchase equipment for a community outdoor gym to engage young people in enjoyable, healthy, physical		 ac�vi�es to improve their overall health and wellbeing, increase their confdence and build rela�onships with their peers. Network for Social Change
-Awarded £20,000 towards the stafng costs of a specialist mental health youth worker on our Breathing Spaces project		 at our City Farm which uses Eco therapy to support young people. Eco therapy is a personalised approach to preven�ng, managing and aiding recovery of mental health issues. Ninevah Trust
-Funding for the cost of materials to ft a new poly tunnel skin and buy �mber and tools and resources to enable young		 people and volunteers to build raised beds and gain new skills in the outdoors at our inner city Farm, fully u�lising this diverse training resource that has a proven track record of using hor�culture and green space to improve the employment prospects health and wellbeing of its users. Skipton Building Society Charitable Founda�on
-The funding from this grant enabled us to buy 2, brightly coloured sustainable heavy duty metal 8 seater bench and table		 sets for our outdoor chill out space for young people to enjoy. Sports England
-Funding towards the stafng costs of 2 Sports Coaches for evening mul�-sport programmes for young people from the		 local community and young people with special educa�onal needs. Suppor�ng Literacy in Bradford
-Funding towards the stafng costs of a Literacy Support & Advocate Worker to develop a 3 year ‘Literacy for Life Project’		 which will support young people with Special Educa�onal Needs alongside their families and carers. In addi�on to the restricted funds above, in 2023/24 CLA Charitable Trust awarded Prism unrestricted funding of £2,400 towards building 2 new animal shelters at the City Farm.
16.
Total 2024 £ 506,318 806,550 1,312,868
Restricted funds 2024 £ - 7,985 7,985
Unrestricted funds General
Designated		 2024
2024		 £
£		 506,318
-		 373,565
425,000		 879,883
425,000
Total 2025 £ 570,652 873,716 1,444,368
Restricted funds 2025 £ - 26,978 26,978 24
Unrestricted funds General
Designated		 2025
2025		 £
£		 570,652
-		 248,488
598,250		 819,140
598,250
Analysis of net assets between funds Fund balances at 31 August Tangible assets Current assets
17.

PRISM YOUTH PROJECT

NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31ST AUGUST 2025

18. Opera�ng lease commitments

At the repor�ng end date the charity had outstanding commitments for future minimum lease payments under non-cancellable opera�ng leases, which fall due as follows:

Within one year
Between two and fve years
In over fve years		 2025
£
11,071
23,472
2,862
37,405		 2024
£
10,862
40,093
3,924
54,879

19. Related party transac�ons

£27,937 in the year (2024: £18,665). Mr P Corfield has been employed since 2006.

20.

Net income for the repor�ng period (as per the Statement of Financial
Ac�vi�es)
Adjustments for:
Deprecia�on charges
Interest received
(Increase) in debtors
Increase in creditors
Net cash provided by opera�ons		 2025
£
131,500
66,260
(30,629)
17,498
(14,780)
169,849		 2024
£
309,920
26,105
(33,363)
(39,234)
118,437
381,865

21. Analysis of cash and cash equivalents

Cash at bank and in hand At 1
September
2024
£
242,386
242,386		 Cash
fows
£
63,395
63,395		 At 31
August
2025
£
305,781
305,781

22. Analysis of changes in net debt

25

PRISM YOUTH PROJECT

NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31ST AUGUST 2025

23. Compara�ve Statement of Financial Ac�vi�es

Income from
Dona�ons
Charitable ac�vi�es
Youth ac�vity
Investment
Other
Total income
Expenditure on
Raising funds
Charitable ac�vi�es
Youth ac�vity
Total expenditure
Net income
Transfers between funds
Net movement in funds
Funds brought forward
Funds carried forward		 Unrestricted
Funds
£
6,033
2,175,223
33,363
62
2,214,681
26,237
1,858,514
1,884,751
329,930
(396,367)
419,228
946,319
879,882		 Designated
Funds
£
-
-
-
-
-
-
-
-
396,367
(26,367)
28,633
425,000		 Restricted
Funds
£
16,899
-
-
16,899
-
36,909
36,909
(20,010)
-
12,573
27,996
7,986		 2024 Total
Funds
£
22,932
2,175,223
33,363
62
2,231,580
26,237
1,895,423
1,921,660
309,920
-
405,434
1,002,948
1,312,868

26