Prospect Charity Fund
Prospect has always recognised its wider duty to the community. We do not (for example) seek to evade or avoid our personal and corporate taxes. We have and are working on programmes of social utility rather than expected profit, e.g. low cost insurance for people on benefits, and flood insurance for those unable otherwise to get it.
However, even thereafter we are in a position to make a large net profit. We decided early on, therefore, that a proportion of this profit would be used for charitable purposes.
Much of the income we set aside for this is used for what might be called general charitable purposes. When a member of staff, or a close relative, trading partner etc. does a fun run, cycle ride or the like Prospect will always look to make a significant contribution. Similarly our chairman’s wife does voluntary work at a hospice, and we make a substantial annual subvention to them. We expect to contribute to international disaster relief, for example the Philippine Typhoon where, exceptionally, we felt moved to donate £1,000.
In addition, mindful of the difficulty many students find in meeting their fees, we are supporting a soprano through her training at the Royal College of Music. A further sum has been given towards a bursary at the managing director’s old school.
Prospect is located in an historic district, and again looking at the budgetary restraints which libraries and record offices are subject to, we decided that we could provide help to saving historic manuscripts and purchasing rare books which otherwise could not be afforded. Relatively small sums can here provide considerable help, and contributions from us can act as seed money for larger grants from other organisations, though this is an area with few funding sources.
Similarly, we decided to contribute to the cost of publication of an edition of the London Hearth Tax 1666 (part just before and part just after the Great Fire). This will appear in 2014 (with Prospect prominently credited) and includes such iconic images as the return of Thomas Farriner of Pudding Lane, baker’s hearths – the very spot the Great Fire started.
Cliff Webb, December 2013