THE PROSPECTS FOUNDATION
Latest income
£487k
Latest spending
£445k
Registered
1999
Accounts read
FY2022
Financial health, per its FY2022 accounts
The accounts state that unrestricted reserves increased to £125,756, exceeding the trustees' policy target of approximately £70,350 (three months of expenditure). The charity reports no material uncertainties regarding its ability to continue as a going concern.
What the accounts disclose
Reserves policy: three months of total expenditure (held: £111k)
“As we are so dependent on grants it is considered that the level of reserves needs to be adequate to maintain core activities and that the equivalent of three months of total expenditure is appropriate (being approximately f70, 350).”
Per its FY2022 accounts as filed with the Charity Commission.
Trustees
- PHILIP VINCENT BARWOODchair
- CATHERINE LORRAINE HOLMES
- David Daly
- Gaynor Hargreaves
- Jeffrey Scales
- MARGARET WORDEN
- MR NICK CORT
- Mark Hopley
- PAUL DAVID WORSWICK
- Roger Cunliffe
- STEPHEN HEMINGWAY
- Stephen Button
Income and spending
| Financial year end | Income | Spending |
|---|---|---|
| 31/10/2024 | £487k | £445k |
| 31/10/2023 | £387k | £351k |
| 31/10/2022 | £366k | £295k |
| 31/10/2021 | £392k | £277k |
| 31/10/2020 | £231k | £192k |
Common questions
Is THE PROSPECTS FOUNDATION financially healthy?
The accounts state that unrestricted reserves increased to £125,756, exceeding the trustees' policy target of approximately £70,350 (three months of expenditure). The charity reports no material uncertainties regarding its ability to continue as a going concern. Its FY2022 accounts were independently examined.
Who funds THE PROSPECTS FOUNDATION?
Funders whose own accounts filings name THE PROSPECTS FOUNDATION as a grant recipient include THE AURORA TRUST.
Known funders
| Funder | Year | Amount |
|---|---|---|
| THE AURORA TRUST | FY2023 | £4k |
Government & lottery funding
| Funder | Date | Amount | Purpose |
|---|---|---|---|
| The National Lottery Heritage Fund | 28/02/2019 | £95k | "Habitats and Heritage in Hyndburn" |
| The National Lottery Heritage Fund | 29/02/2016 | £89k | "Connecting People to Hyndburn's Natural Heritage" |
Funders of similar charities
| Funder | Similar charities funded | Amount to them |
|---|---|---|
| THE AMATEURS TRUST | 1 | £90k |
| THE PWC FOUNDATION | 1 | £10k |
| THE REISNER CHARITABLE FOUNDATION LTD | 1 | £5k |