PROSPECT BENEVOLENT FUND
The charity'sbjects are to assist in the relief of financial hardship suffered by members, former members, employees or former employees and their dependants.
Financial health, per its FY2024 accounts
The accounts state that total unrestricted funds increased to £752,563, supported by an investment portfolio valued at £708,163. The trustees confirm the charity is a going concern with no material uncertainties regarding its ability to continue in operation. The charity has no employees and maintains no specific reserves policy, distributing income as generated.
What the accounts disclose
“The professional fees in relation to the audit or independent examination of the charity is paid on an annual basis by Prospect. This is recognised as a donation in the year of £16,200 (2023: £Nil) and Prospect do not expect repayment.” — page 14
“During the year, the charity received an additional short-term loan of £5,630 (2023: £30,000) from Prospect. £35,000 was repaid in the year (2023: £nil), making the amount owed at the yearend £630 (2023: £30,000).” — page 14
“The professional fees in relation to the audit or independent examination of the charity is paid on an annual basis by Prospect. This is recognised as a donation in the year of £16,200 (2023: £Nil) and Prospect do not expect repayment.” — page 14
“During the year, the charity received an additional short-term loan of £5,630 (2023: £30,000) from Prospect. £35,000 was repaid in the year (2023: £nil), making the amount owed at the yearend £630 (2023: £30,000).” — page 14
Register events
- Received assets from another charity (28/05/2015)
Trustees
- Alice Black
- Christine Danniell
- Eleanor Jane Wade
- NEIL QUENTIN PAUL HOPE-COLLINS
- PHILIP KEMBALL
Income and spending
| Financial year end | Income | Spending |
|---|---|---|
| 31/12/2024 | £39k | £56k |
| 31/12/2023 | £26k | £85k |
| 31/12/2022 | £25k | £37k |
| 31/12/2021 | £23k | £40k |
| 31/12/2020 | £71k | £35k |
Common questions
Is PROSPECT BENEVOLENT FUND financially healthy?
Per its FY2024 accounts: The accounts state that total unrestricted funds increased to £752,563, supported by an investment portfolio valued at £708,163. The trustees confirm the charity is a going concern with no material uncertainties regarding its ability to continue in operation. The charity has no employees and maintains no specific reserves policy, distributing income as generated. Its FY2024 accounts were independently examined.