Prospex

Analysis

Prospex is a registered charity in England and Wales, based in London. It was registered in July 2001, 25 years ago. Its declared purposes cover education/training, the prevention or relief of poverty, economic/community development/employment and recreation, which this site groups under poverty relief. Legally it is a charitable company (Companies House number 04224699). It says it provides buildings/facilities/open space, provides services and provides advocacy/advice/information.

In the financial year ending May 2025, Prospex reported income of £620k and spending of £635k, spending 102% of its income. Across the 5 years on record, from May 2021 to May 2025, income grew from £425k to £620k (+46%), an average of +9.9% a year. The sharpest change came in the year to May 2024, when income rose by 42%. Over the whole period it spent 97% of the income it received.

Among 15,276 England and Wales charities whose main cause is poverty relief and that reported income, Prospex sits at the 89th percentile: it is larger than about 89% of them. Against every charity in England and Wales with reported income it ranks in the 91st percentile. Charities of a similar size with the same main cause include Cheadle Hulme School Bursary Trust (£620k), YMCA Scarborough (£620k) and One by One (£620k).

In its latest detailed accounts, income came from donations and legacies 99%. Charitable activities took 83% of spending and raising funds 3.4%. Reserves of £150k would cover about 2 months of spending at that rate. It employed 26 people.