arftyrezkntvatSon numtw 111999 CtyTrpaThy r*ratknnwnberO1851119IEg1andd wa5> COMPA55 COMMUNTfY ARTS ANNUAL REPORT AND UNAUDtrED FINANCIAL ATEmENTS FOR THE YEAR ENDED 31 MARCH Z024
COMPASSCOMMUNrrY ARTS LEGAL AND ADMINISTRATniE INFORMATION Inthe5 Mrs CHrrnPael Mr Jan ChnstopPer Koops Mrs carlne Roxana Helen Minter M5 Nicole Helene Ball Ms Mary Lena Fox Msjillan CarrinElon Bumet Mr Tyron Mr5 Katherine Mary Kong (Appointed 26 April 20231 Charity number Company numbe¥ 04851119 R¢gisteredoffitt 3(k32 Gildredge Road Eastboume East Sussex 8N2145H Independent e¥amlner G D Message FCA 3(k32 Gildredge Road Ea5ttx)urne East 5Jssex 8N2145H
COMPASSCOMMUNrrY ARTS CONTENTS Trusiees, rewrt Independent examiner's report Stattmtrnt of finan£ki1 a(tivitie5 Balance Sheet Notes to the financial ststements 8.21
COMPASSCOMMUNrrY ARTS TRUSTEES, REPORT (INCLUDING DIRECTORS. REPORT) FOR THE YEAR ENDED 31 MARCH 2024 The Trustets preseni their annual report and financial statements for the year ended 31 March 2024. Ihe accounis have been prepared in accordaThte with the accouyting polic5 Set out in note I to the accounts and Comply with the tharity's goveming docurnent. the Companies Att d"AccOUntIng and Reporting bv Charifies.. Siaiement of Recommended PrlIce applicable ro charifies preparin8 their accounts in accordance with the Financial RepK>rtin8 Standard applicable in the UK and RepublKof Ire13nd IFRS 1021" las arrended fDr aCntIng peTiods tommencin8 from l January 20161 Objertives Hnd artIties The Charity's objective5 are to use the artsto Sup)rt. inspire atHI transform people's lives through ourdirect work with parhcipants and indirecttythough the projerts we design deler. Our aim is to enable Individuals to overcome barriers they face in leading full and satisfying lives. We do this by providing arts based activities to suit the rEeds, interests and personality of each individual and group. We believe th8t collaborativÈ and partitipJtory arts tan supporta person's personal developmeni, boost t1r tonfidèncÈ and addre$5 social stigma and isolation. By involving artists and Yoluilteers in community events we w8nt to build greaier awareness and understsndin8 of social exclusion. The main obiecrives for the year have bew io provide a wderrange of arts and creative expuiences to members of local communiiies and espetylty to marginalised Eroupsand indMdual5. The report from the Chairrnan gNes detai15 of the atlivibe5 that have taken place toachieve thE objective The Trustees have paid due resèrd to gUIdae issued by the Charitycommission in decidin8that activitEs the tharity should undertake. Athievement5and pffformance Flnanclal re¥lew Ve are continuin8 towork rowds our aim of obrainin8 long terni fvnding forour projects. Ve are a small charity and appl¥ for grants from oiher chariliesfor specific projetts.The grants recÈivd are fully expended on projects and we are not ableto build up large reserve For the 2023-2024 financial Yew we have made ¥LxY proKrw in attraLting new Sources OF income, and are Dow more Secu finalaIlY than in rne previDUS years. The Trustees have assessed the majorrisks io which ihe Charity is exposed. and are satisfied rhèr sysrems are in place to Tnitig?te exposure to thp major ri5k5. Stwcture governance and management The Charity 15 3 company limited by guarantee and Itdop5 not have any share capital. It 15 registered with the tharitie5 Cornmission as a charity.
COMPASSCOMMUNrrY ARTS TRUSTEES, REPORT ICONnNUEDIIINCLUDING DIftECTORS' REPORTJ FOR THE YEAR ENDED 31 MARCH 2024 The Trustets. who are also thedirèttors fthe purty)se of company law. and who setved during the yeai and up to the dateof swnature of the finanaal ststementsere- Mr5 Kirn Carrnithael Mr Jan Chrisiopher Koops Mr5 Carvline RDxana He Mirrter M5 Nicole Helene Ball Ms Mary Lena Fox M5Jillian Carrington Burnet Mr Tyron King Mr5 Katherine Mary KonB IAppointed Z6 ApTil 20231 The re8ulation5 of the Charity provide thatthe Board ol Trustee'5 rnay appoint aTru5tee and that thi5 3ppointrneTht Is confirmed at an Annual General Meeting. None of the Trustees has any benefioal inre in the company. All of theTrustee5 are Members of the company 8u3rantee to contribute Él in the event of a wiriding UP. The charity is a sin8leor8anisation and thwe are no connected tharIt$. Supplier payment polcv The company's current policy concerningtle payment of trade £reditors is to fdlowthe CBI'S t¥ompt par5 Code Icopiw are available from the CBI. Centre Poini, 103 New Oxford Street. London WCIA IDUI. The compar)y'5 current poliry cancerningthe payrnent of trade creditor5 IS to- Sett the terft of paymentwth swplièrs when agreeithe termsofeath tr3nsattion', ensure that suppliers are made awa of the rerms of payment by inclusion ofthe rdevèni terms in contracts,, and pay in accordance with the company's contractual and other legal obligation& Chairrnan's Report Thi5 ye3r 2023-24 was a landmark year forour uniquecharity on many frt It wasour 2Drh anniversary and a5 the ye3r progressed. the irnpactof our compa55ionate wLKk berne an irrwrtant strand of the Ea5tbourne Alive pro8ram. for which we were a nominated partner. OjrSt1C Threttor. Fanya Sharkey. supported by an èxcellent leam of artist lacilitatDrs and volunteers. encauraged and stimulated our partipanIS to wsh their artistic boundarie5and produce sotne itnpressNe and movin8 work. Throughout:he yeaf these evolving wtirk5 were on display In many varied venues. Supported byihe Eastboume HO5101it¥ Association and Visit EJstbourne, the Promenade Ari Trail became a sirong feature in nn¥ hoieL£ along the se8front. displayin8 a revolffing exhibition of our parti¢iP3nts' work Arther Outdoor Studio wa5 treated, thi5 time in Shinewater Park, incollai>orBtTron with the Eastbourne Disabilities Trust. strandlinr$ and WaterweeL Both Promenade and the Studio on the ke were designed to 5UPPOrtthe Plastic Ffep, Spring Water Festival. nov4 in its third ye3r. This community Initiativ wa5 a powrtU1 crEative platlDrrn fDrour facilttatDf5 and 3rt15ts to focus on. enablinB 50tnefine work.
COMPASSCOMMUNrrY ARTS TRUSTEES, REPORT ICONnNUEDIIINCLUDING DIftECTORS' REPORTJ FOR THE YEAR ENDED 31 MARCH 2024 The hostin8 of the Tutner Prize at the Towner Galleryand aur partnership wark on the board of Ea51bourne Alive provided a wonderful opportunity for the artistic community to£ome together auoss the town and help wilh xKlal and ecology matters that are ar the heart of Eastboume'scultural program and Compass. work. The Blg Conversation was a mile51one for our partripants to be wven theirvoice wth a real ?pportuntyto be heard. In this way many of Eastbourne's wider community, whJ eXpernte isolaiion throu8h social barriers. were able to express themselve5 in a truly 1fting way. bothforthe abseer and the art15t. The Big Conversaiion, held in the Beacon shopping centre, was 4tsire outstanding". 56 Compass artistscontributed. supponed by 33 volunteer5. It was visited by 3 live audience of 3,672- many of whom left moving and appreciative cornment5 in ourdaily vi51tor5' book. It e5titnated that the Protnenade exhibit1rn5 reached 14,rA)o visitors, our Beacon window 31,5LK)and thai 53.LKKk eDEaged wth 500al media posting5. Central to the work viÈwÈd was the film-Art Chose MÈ-. dirÈiEÈd by Rohan van Tw@SL rt is a mownE rÈflÈrtion on the power. bèauty and healin8 ability of the creativp pr(Kess. An evaluation tomm155ed East Su55ex Countycountil. Public Healrh captures so rnvch of the Cornpassiourney aThc its benefits. Delivery to NHS Arnber5tone continues and iontinued support rolLiration with the ESCC455et-based communityenÈ3Eement proÉram. Makine It Happen. ThroughoLrt thi5 rnile5tone year Compa55 has been %perbly guided and 5UPPOrted b¥ a strong and vibrant Lx)ard of Trustees. Finding sites to carry tyJt our full schedule of artivit remains a tha1nCe, but we are deep Erateful to the Beacon for its continued generosity in fflan@ Space availalAe. the reSlenCywIth the Benefite of Hampden Park and the Hydneye prDvidingland and exhibTtiOfi OPPDrtunits In bothchurihe5, and to and RI[rd Mason who so generously madÈavailable the Emma Mason Galery for our texlile Èihibition. We have 31so bèen blessed by the support of two snifICant new swdio opp)nunNies'. The offerto create our own studio within the ground5 of St Mary's thurth . ThÈ genÈrous arrèngernentfrom Caffynsto USÈ workspatÈ in Ashford SwarÈ as an art studio These are &1 srrong and positive developments in ovi abilw io deliver creative artiwries with adults who have complex trauma, Serious rnental illne55 and other hi(*len di5abilttie5 and who make such a dynatnic conlribution to our wider cDmmunity We go fon¥ard into our 21styear well p05r(lord to tske ¢)n the increasingty Challenn8 i55ue5within our modÈrn-day society. Our Trustees, report was appro¥ed by the Board of Trustee Mr Jan Chrislopher KIKbPS Director and Trustee Dated.. 9 December 2024
COMPASSCOMMUNrrY ARTS INDEPENDENT EXAMINER'S REPORT TO THE TrUSTEES OF COMPASS COMMUNITY ARTS I rÈport to the Trustees on my examination of the financial statements of Compass Q>mmunityArts (the Charity) for the year ered 31 March 2024. Re5pon5ibilities arKI ba515 of report As the Trustees of the Charity land also ttsdir*ttors for the purposes of company13wl you are responsible for the preparation of the financial statements in accordance with the wuirements of the CompaniesAct 2{ Ithe 2006 Act). Having sat15fied myself that the lian[la1 5taternent5 Df the Chatity are not required to bp audited under Part 16of the 2006 Acr and are eligible forindependent examiration, I report in respect of myexamination of the CharlS financial staternentscarried out under SeCtTr 145 of rhe (hariries Act 201I (the 201] Act). In carrying out my examination I have fdlowed all the applicable Direttty)ns Eiverb byihe Charitycornmission under sectioD 14515llbl of the 2011 Act. Independent examinerfs statement I have completed my exaMItion. I confirni thai no matters have come to my attention in connection vAth the e¥arnination giving rne cause to bdieve that in any rnaterial respert". accounting records were not kept in SpeCt of the Charity as required by section 386 01 the 21XJ6 Act," or the financial statemenis do not accord with rhose records." or the financial statements do not comF4y wirh theaccouniir¥ requirements OF settion 396 of the 20J6 Act other than any requirernentthatthe accounts gr¥e a true and fair View whith is Ilot a mattercon5idered a5 Part of an independent examination,. or Ihe financi31 siaiements have noi been prepared in accordance with ihe methoys and principle5 of the Staternent of Recommended Practice for accountin8 and reportin8 by charrties applicableto charities preparing their accounts in a£COrdan with the Financial RenIng Standard applicable in the UK aTrd Republic of Ireland IFRS ID21. I have no contsms and have come across no other matters w) connertion vAth the examination towhich attention sh(¥uld be drawn in thi5 ieport in oidertoenablÈ a pwoper understanding of thÈ finanoal sktEments to be rÈached. G D Message FCA 30-32 Gildredge Road Eastboume East Sussex 8N2145H Dated.. 9 ilecember 2U24
COMPASSCOMMUNrrY ARTS STATEMENT OF FINANCIAL AcTrvmES INCLUDING INCOME AND EXPENDITURE ACCOUNT FOR THE YEAR ENDED 31 MCH 2024 Totsi Unrestricted Restricted Total fvnds fund5 lunds fuThJs 2024 2024 1023 2023 Notes lThwmt Irtyh: Donation5 and legacies 8.125 75.E 83.725 19,723 43,825 63,548 Other tradin8 activicies 12.712 li 12.71 Ll Inve5trnents 570 570 lotal Inrorne 20,848 75.E 96,448 20.293 43,825 64.118 Èxpendlture on.. Raising funds Chariiable acimties 4572 10.563 4.572 76.948 66.385 27.551 33.488 61.039 lotsl expenditwe 15.135 66.385 81.520 27,551 33,488 61.039 Net Income 5,713 9.215 14.928 17.2581 10.337 3.079 Transfprs between funds 16681 1,109 Ii.ID91 Net mDvement in lurKIs 6381 8.547 14.92S 16,1491 9.228 a,079 RecondlIatn ol funds: Fund balances at l Aryil 2023 12,750 18.245 30.995 18,899 9.017 27.916 Fund balances at31 March 1024 Lg.131 26.792 45.923 12.750 18,245 30,995 The statement of financial activlties includes all gaiTrsand losses recogni5ed in the year. All irKome and expenditure erive frorn continuiw acb¥itie>
COMPASSCOMMUNrrY ARTS BALANCE SHEET AS AT 31 MARCH 2024 2023 Fixed assets Tangible asset5 7.2(K> Current assets Debtors 415 380 sh at bank and in hand 41.147 34,366 41.562 34,746 reditor5'. omounts fallinE within one year 12.8391 13.7511 Net current assets 38,723 30.995 lotal assets le59current liabilrbes 45.923 30,995 14et assets 45.923 30,995 Ihe funds ofthe Charfty Restricted incorne 14 26,792 19.131 18,245 12.750 UnrÈstrittÈd fund 45.923 30,995
COMPASSCOMMUNrrY ARTS BALANCE SHEET ICONTINIJEDI AS AT 31 MARCH 2024 The company 15 Èntitled to the EKemptionfrom the 3jit requirernentaTrtrtained in 5ecbon 477 of the Companies Art 2L, for the year ended 31 March 2024. The director5 kn(WIedge theirresp0fi5itmlttiesforiornplying with the requirements of the Compan51 2006 with respect to accounting record5 and the preparation of finala1 5tatetnent5. The rnernber5 have requifedthe cotnpaTry to obtain an alit of its financial 5tents for IhE Year In qUEStioD In accordancÈ with sÈttion 476. These finan£ial statemenis have been prepared in a(cordance wrth the prolS1OnS applitable to companies sble to thp qmall cnmpanip% rpgirnP. The financial statements were approved by iheTrustees on 9 t)ecernbÈT 2D24 Mr Tyron Kin8 Dlrertor al Trustee Company registraOn number 04851119 (England and Wales)
COMPASSCOMMUNrrY ARTS NOTES TOTHE FINANCIAL STATEMÉMrs FOR ThE YEAR ENDED 31 MARCH 2024 Accountlng Charity infomiation Compa55 Comtnunity Arts is a privatÈ companylimitÈd byguarartÈe Incorporated in Engbnd and Wales. The registered office is 30-32 GildredÉe Poad. Easttsourne. E&i Sussex. BN214SH. 1.1 Accounting c(Vention The xcounts have been prepad in accordantr with rhecharitvs Memorandum and Articles of Associaiion, the CJrnpanies Act 2ffl6 and~Accoun¢ing and Reporting by Charit5.. Ststement of Recomrnended Practice a1[able to charitie5 preparing theiraciounts in accordance with the Financial Reporting Standard applicaNe in ihe UK and Rèpublic of Ireland (FR5 1021" 13s amended foraccounting periods commencing from l January 20161. The Charity isa Public Benelit Entity as defined by FR5 103. The Charity ha5taken adv3lltage of the prwsions in theSORP forcharities applying FRS 102 Update Bulletin I not to prepare a Statement of Cash Flo The financial statements ¥e preparÈd in sterlir& which is the funrtM)nal currency of the Charity. Monet2ry MIt5 in these financial siatemenis ale rounced io ihe nearesi £. The finaniial statements have been prepared erthe Iy5torical Ic5t convention. rnodified to include the revaluation of freehold properties ard to include In¥tment properties and certain financial instrumenis at fair value The prinupal accouThtin8 w11£ adopied are set out below. 1.2 Golng corKern At the time of approving thefinancia statemÈnts. the Tntstees havea reasona)le Èxpectation that the Charity has adequate rtsources to continue In operational emistence f0rtheforeeab1e future. Thus the Trustees corbtinue to adopt the going concem ba515 of accountinE in preparing thefinancial staiernents. 1.3 Charitable fvnd5 Unrestricted funds are available for use * the discretion of the Tru5ree5 in furtherance of their chaiit3ble oblecD¥e5. Restricted funds are Subject to 5peirfic conditlolls by donor5 orgr3tbtors as to howthey may be used. The purposes and uses of the ie5trirted funds are set (Art in the notes to ihe finanual statements. Endowment funds are subjeci io specific conditions by donors that the capital must be maintained by the Charity. 1.4 Income Income 15 recogni5ed wherb the Chanty is legalty entitled to it after any pErforrrbance iotKlition5 haye been mÈt, the amounts can be measured reliatly. and il is probable'that (On* will be received.
COMPASSCOMMUNrrY ARTS NOTES TOTHE FINANCIAL STATEMÉMfs ICONnNUEDI FOR ThE YEAR ENDED 31 MARCH 2024 Attounting pdities (ContudI Cash donations are recogni5ed on receipt_ Other donations are recoEnised On the Charity has been Ttified of the donation. Un$5 perftrmancÈ conditions require LlefÈrral of theatnount. Intotne tax retoverable in relation ro donations received under Gift Aid ordeeds of covÈnani is recogntsÈd at thetime of thÈ donatiorn Legaiies are recognised on receipt or OthErse il ihe Chanty ha5 been notified of an WnPEnding distribution, the amount Is knowD, and receipt isexpected. If the amouTht is not known, the leEary is treated as a contingent asset. Turnovpr 15 measured at the fair value of the ion5ideration reiewed or receTvthlE arHI represents afftounts receivable for Eoods and seNices provided in ihe normal tourse of business. 1.5 Expendiiure Liabilitie5 are rÈtognised as sn as there is a le8al or construttive obligation £tsmmitlin8 the charity to the expenditure. All expenditure Is accounted for an accruals basis and has been clasyfied under headings that aggregate all c05t5 related tothe category. Charirable experndiiure comprises those coms incurred bythe charirv in the delivery of lis activities 3nd serwices for its benefiaaries. It indudes both costs that can be allocaied direct to such actitIeS and those costs of an indirect nature netrssary to supportthe Support costs indude central funtti(M)s and hè¥e been allocated attrty cost tste80r on a basts consistent with the use of resources. for exainyle. alloting propefty costs by floor area4 ow per capita, staff C05L5 by the time spent and other costs by their 1.6 Tan8knle fixed a55ets Tzngible fixed assets are initially rnea5ure(l a1 Cost and subsequently measured at C051 orvaluation. net of dÈprÈciation and any impairmÈnt losses. DÈpr1atitsn is recognised 50 as to write ofl the c05t Ot valuation of 355ets1È$5 their rÈ5idual val$ over thÈir useful lives on the following bases". Land and building5 5years 5rraight line The gain or lossarisinÉ on ihe diswsèl of an asset is derMined as the difference beeen the 53lÈproceeds and the c3rrwng value of thè asseL and is recognised in the ststÈmeni of finantial artivits. 1.7 ImpairrnÈhtolfixed $ts At each reporting end dale, the Charity reviews rhe carrying amounis of iistangible assets to determine whether there 15 any indicaiion that those assets have suffered an imlrMent loss. If any such indication exists, the recoverable amounl of the a55et is estimated in order to determine ihe extent of the impairment1055 lif 3nv
COMPASSCOMMUNrrY ARTS NOTES TOTHE FINANCIAL STATEMÉMfs ICONnNUEDI FOR ThE YEAR ENDED 31 MARCH 2024 Attounting pdities (ContudI Recoverable amount Is the higher of fair value kss coststo sell and Yèlue in use. In assessin8 value in use, the estifflated future cash flows are disUted to iheir presentvalue UEing a pr&tsx discount rate that reflects urrent rnarket asse55merts of the time value of tnoney the ri5k5 speithc fr> the a55et fof which the estimates of fure cash flows ha¥e not been adjusied. If ihe recoverable amountol an assei is esrimated ro be less ihan lis carryinE amount. the carrying amount of the 455et 15 redwed to its recoverab amount. An impairmenl l¢)55 recogni5ed irnrnediately in incomÈllÈxpenditurÈl for the year, unless the relevant asset is carried at a revaluÈd amount, in which case the impairment loss is treated a5 a revaluation deuease. Recognised impairment1055e5 Ire reversed rf. and onty if, rhe re350ns lorthe imp3irmeni loss havetrased to apply. Where an impairment loss subsequentlyreverse5, the cartwng atnount tsf the asset is iTbtreasÉd to th revised estimate of Its recoverable amount, but sothat the increase4 rryIng amount does not exceed the carrying amounr thai would have been deierm ned had no impairmeni loss been recoEnised for the asser i prior years. A reversal of an impairment105s Is"ecognised immediately. unless the relev3nt asset is carried In at a revalued amount, in which case the reversal of the impairfflent loss is treated as a rev31uation increase. 1.8 Cash and cash eqUalents Cash and ¢a5h equivalents include cash in hand, dep05it5 held at rall wth bank5, Qther short-term liquid investments th original maturitiesof three nKJnihsor lÈss. and barnk oveFdrafts. 8ank overdrafts are shown within borrowinES in current liabilities. 1.9 Yinantial instrumènts The Ch3rity has elected toapptythe provisionsof Section Il'Basic Finala1 lThstruments' and Settion 12'0ther Finartial InrMentS Issws. ol FRS 102 to all of itsfinantial InstrUThts. FInarla1 instruments are re£o8nised in ihe Charitvs balance sheet when the Charity becomes rty to the contctl provisions of the instrurnent. Fina[131 as5et5 and liabilitie5 are offset, with the net atnount5 presented in thE fian[la1 staternentb, whe there 15 a Ic8ally cnforceablc rightto set off thc rcco8niscd amounts and therc 15 an intention to 5ertle on a net basis or ro realise the assd and setile rhe liability simulraneouslv. Basic financial assets Ba5icfin3ncial D5sets, which indude debtors cash and bank balances. are initially measured at transaction pri including trans3Ction costs andare 5ubsequentW c3rried alannIsed c05t using the effective Interest rnethDd unles5 the aTrangement con&titutes a financingtransaction, where the transartlon 15 measured at the presentv2luÈ of thÈ future receipts discouffled ata market tste of interest. Financial assets classified as receivable within one year are noi amortised.
COMPASSCOMMUNrrY ARTS NOTES TOTHE FINANCIAL STATEMÉMfs ICONnNUEDI FOR ThE YEAR ENDED 31 MARCH 2024 Attounting pdities (ContudI Basicfinancial l&ibilities. including creditors and bank loans are initi*ly rogned ai transacrion pritr uDle55 the arran8ernent con5titute5 a linancing tranSarttb, where the deb: instrument 15 rnea5ud at the PTesent valueof the future payments discounted at a market rate ol interest. Finala1 liabilities cL8ssified a5 payable within one yearare not 3rn0rti5ed. Debtin51rurnent5 are gJb5equenVy(arried at artised o)5t. U5ingthe effectNe interestrate methDd. Trade creditorsare olgationS ro pa¥ lorgoods or Serve&lhaI have been acQuid in the ordinary course of operations from 5uppl1ers.Amountspayab are das5ified as curren." liabilities rf payment 15 duewithin one year or le. If not. they are prnted as wn-current liabiliti. Trade creditors are recognised initially at transaction pritÈ and Subsèquent [neaSUr atamortisedcost usingthe ÈffertiVÈ IntÈrÈsi method. Derecagnition of financi41 liabiltties FinarKial liabilttie5 are derecognised when the Charivs contrartual Dbligati0Tr5 expire OTare disiharged or canielled. 1.10 Ernployee berfits The cost of anyunu5ed hdiday entitlernent is recDgnised In the perH)d in which the emplDyee'$ Se5 are received. iermination benefits are recognised irnmeLliaiely as an expense when the iharify is demonstrably committed to teiminate the employment of employee orto prwdeterfftination beneffit5. Inwme from d¢Kwtion53nd kwies Totsl Unrestrftted Rerf¢ted Total fvnds fvThJ5 lunds fvThJs 24 2024 2023 2023 2023 Donations and wfts Grants receivaNe 8.125 8.125 75,FKXI 19,723 19.723 43.825 75.(OJ 43,825 8.125 75, 83.725 19.723 43,825 63,548 -li-
COMPASSCOMMUNrrY ARTS NOTES TOTHE FINANCIAL STATEMÉMfs ICONnNUEDI FOR ThE YEAR ENDED 31 MARCH 2024 Incomefr(Kn othertradiniactivitie5 Unrestritted Untestrirtèd funds funds 2024 2023 Fundraising events-cornedy night 12,712 Intomèfrom InvèsimÈiits Vnrestrirted Unrestrictvd funds hJThJ5 2024 2023 Interest receivable li 570 Expendiwre on ra151nKfvnds Unrertritted Unrestrirted funds lunds 2024 2023 Fundraising and publKity Staging fundra15ing events- com¥18ht 4,572
COMPASSCOMMUNrrY ARTS NOTES TOTHE FINANCIAL STATEMÉMfs ICONnNUEDI FOR ThE YEAR ENDED 31 MARCH 2024 Expendltsjre (haritale3cIttes Pvoiects Gèneral admin Totsl Propcts General Imin Total 2024 20Z4 2023 2023 2023 Dirert Costs Depr12t10 and impairment 52.434 52.434 42,018 42,018 Materials and equiprnent 3523 3,523 4.572 692 4,572 692 Venue hire Computer and *chnical a5t5 4.218 4.218 Filming costs Admin 8.CA12 8.(N)2 8,363 8,363 Legal and professional costs 1,224 518 1,224 SL8 Insurance 563 563 Printing and starionery Sundry 2W2 2,892 97 491 491 97 3.020 3,020 60,149 15.059 75.208 47,773 11.946 59,719 Share of support and 8o¥ernance costslsee note 71 Govemance 1.740 1.740 1,320 1,320 f.149 16.799 76.948 47.773 13.266 61.039 Analysis by fvnd Unre5trirted funds Resiritted funds 5.045 55.104 5,518 11.281 10.563 66.385 20.506 27,267 7,045 6,221 27,551 33,488 fA>.149 16.799 76.948 47,773 13,266 61.039 -13-
COMPASSCOMMUNrrY ARTS NOTES TOTHE FINANCIAL STATEMÉMfs ICONnNUEDI FOR ThE YEAR ENDED 31 MARCH 2024 Support Costs 2023 tosts Accountancy 1.740 1.740 1,420 1.320 1.740 1.740 J.320 1,320 Anaty5ed bpiween Charitable activities 1.740 1.740 1,320 1,3ZO Governance costs include5 payrnent5 to the accounrants of £1,74012023- EI.3201 for a0talic¥ fee5. Trustee5 None of the TrteeS lor any persons connectej with theml received any remuneration during the year and nonewere reimbursed any expenses duTinE the year1202> £Nill. Employees The average rnOnth numberof employeesduringthe year was.. Z024 2023 Number Number Total There werÈ no ÈmpbyÈes whose annual rÈmunÈr3tson was more than £60.(AKI. 10 TaxatloA The charity is exÈmpt from taxation on tts attmties all its IrMe is appliÈd fot charitablÈ purposÈs. -14.
COMPASSCOMMUNrrY ARTS NOTES TOTHE FINANCIAL STATEMÉMfs ICONnNUEDI FOR ThE YEAR ENDED 31 MARCH 2024 11 T3nKèle ffixed a55ets bL4ld5rys Addition5 8,000 At 31 March 2024 8.000 Depreciation and impalmTrt Depreciation charged in theyear At 31 March 2024 CaTnKamouDt At 31 March 2024 7,200 12 Debtor5 2024 2023 Amounts falllngdue wiihkn oneyea PrÈp8yments and accrued income 415 3BO 13 Cr•ditor5'. arn¢ts fallin8du• onty 2024 20Z3 Accruals 2nd deferred income 2.839 3,751
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COMPASSCOMMUNrrY ARTS NOTES TOTHE FINANCIAL STATEMÉMfs ICONnNUEDI FOR ThE YEAR ENDED 31 MARCH 2024 IS Unrestricted fund5 The UnTestricted funds of the charity comprise the unexpETrded balanies of d[all0% arKI grants whiih are not subject to specific conditions by dorr$ and gtsntors asto howthty may be used. These include dIgna1ed funds which have been sei aside oui of unresirKred funds by the trusiees forspecific wrposes, At l Awil 2023 Incoffling Resour5 Tran51er5 At 31 Marth 2024 General funds 12.750 20,848 115,1351 $68 19,131 Pr•¥iou5 T. At l Awil 2022 Incgmin¥ R•soyrtt5 Trdn51w5 At 31 Marth 2023 GÈner31 funds 18.899 20.293 127.5511 1.109 12,750 16 of net as5Et5 between fvrKb Re5tricled Total nds nds 2024 2024 At 31 March 2024- Tangible assets Currentassètsllliabilitiesl 7.21KI 11,931 7.200 38,723 26,792 19.131 26.792 45,923 tred funds Re51rirted funds Total 2023 2023 At 31 March 2013: currentasset5111iabilitiesl 12,750 18,245 30,995 12,750 18.245 30.995
COMPASSCOMMUNrrY ARTS NOTES TOTHE FINANCIAL STATEMÉMfs ICONnNUEDI FOR ThE YEAR ENDED 31 MARCH 2024 17 Related partytsans3rtKM Therè wÈrè no disrJos3ble rdatÈd p&tytrartt(lloThs duriThgt year12023- nonel. -21-
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