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COMPA55 COMMUNTfY ARTS
ANNUAL REPORT AND UNAUDtrED FINANCIAL ￿ATEmENTS
FOR THE YEAR ENDED 31 MARCH Z024

COMPASSCOMMUNrrY ARTS
LEGAL AND ADMINISTRATniE INFORMATION
Inthe5
Mrs CHrrn￿Pael
Mr Jan ChnstopPer Koops
Mrs car￿lne 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 polic￿5 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 Pr￿lIce 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
aC￿ntIng peTiods tommencin8 from l January 20161
Objertives Hnd artI￿ties
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 del￿er.
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 t￿1r 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 gUIda￿e 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 ¥Lx*Y proKrw in attraLting new Sources OF income, and are Dow
more Secu￿ fina￿laIlY 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 f￿the purty)se of company law. and who setved during the yeai and up
to the dateof swnature of the finanaal ststements*ere-
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 in￿re￿ 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￿$.
Supplier payment polcv
The company's current policy concerningtle payment of trade £reditors is to fdlowthe CBI'S t¥ompt pa￿r5 Code
Icopiw are available from the CBI. Centre Poini, 103 New Oxford Street. London WCIA IDUI.
The compar)y'5 current poliry cancerningthe payrnent of trade creditor5 IS to-
Sett￿ the terft￿ of paymentwth swplièrs when agreei￿the termsofeath tr3nsattion',
ensure that suppliers are made awa￿ of the rerms of payment by inclusion ofthe rdevèni terms in
contracts,, and
pay in accordance with the company's contractual and other legal obligation&
Chairrnan's Report
Thi5 ye3r 2023-24 was a landmark year forour uniquecharity on many fr￿t* It wasour 2Drh anniversary and a5
the ye3r progressed. the irnpactof our compa55ionate wLKk be￿rne an irrwrtant strand of the Ea5tbourne Alive
pro8ram. for which we were a nominated partner. Ojr￿￿St1C Threttor. Fanya Sharkey. supported by an èxcellent
leam of artist lacilitatDrs and volunteers. encauraged and stimulated our parti￿panIS to wsh their artistic
boundarie5and produce sotne itnpressNe and movin8 work. Throughout:he yeaf these evolving wtirk5 were on
display In many varied venues. Supported byihe Eastboume HO5￿101it¥ Association and Visit EJstbourne, the
Promenade Ari Trail became a sirong feature in n￿n¥ hoieL£ along the se8front. displayin8 a revolffing exhibition
of our parti¢iP3nts' work Ar￿ther Outdoor Studio wa5 treated, thi5 time in Shinewater Park, incollai>orBtTron with
the Eastbourne Disabilities Trust. strandlin￿r$ 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
pow￿rtU1 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 eXper￿nte isolaiion throu8h social barriers. were able to
express themselve5 in a truly ￿￿1fting way. bothforthe abse￿er 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 tomm155￿￿ed East Su55ex Countycountil. Public
Healrh captures so rnvch of the Cornpassiourney aThc its benefits.
Delivery to NHS Arnber5tone continues and iontinued support rolLi￿ration 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 tha1￿nCe, but we are deep￿ Erateful to
the Beacon for its continued generosity in ffla￿n@ Space availalAe. the reS￿lenCywIth the Benefite of Hampden
Park and the Hydneye prDvidingland and exhibTtiOfi OPPDrtunit￿s 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 s￿nifICant 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(lor￿d to tske ¢)n the increasingty Challen￿n8 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 er￿ed 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 li￿an[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 Charl￿S
financial staternentscarried out under SeCt￿Tr 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 exaMI￿tion. 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 Re￿nIng 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 M￿CH 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
RecondlIat￿n 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 3￿jit 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 Compan￿5￿1 2006 with
respect to accounting record5 and the preparation of fina￿la1 5tatetnent5.
The rnernber5 have requifedthe cotnpaTry to obtain an a￿lit of its financial 5￿t￿￿ents for IhE Year In qUEStioD In
accordancÈ with sÈttion 476.
These finan£ial statemenis have been prepared in a(cordance wrth the pro￿lS1OnS applitable to companies s￿ble￿ to
thp qmall cnmpanip% rpgirnP.
The financial statements were approved by iheTrustees on 9 t)ecernbÈT 2D24
Mr Tyron Kin8
Dlrertor al￿ Trustee
Company registra￿On 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 prepa￿d in accordantr with rhecharitvs Memorandum and Articles of Associaiion,
the CJrnpanies Act 2ffl6 and~Accoun¢ing and Reporting by Charit￿5.. Ststement of Recomrnended Practice
a￿￿1[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
MI￿￿￿t5 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 f0rthefor￿eeab1e 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 (Cont￿u￿dI
Cash donations are recogni5ed on receipt_ Other donations are recoEnised On￿ the Charity has been T￿tified 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 OthEr￿se 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 s￿n 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 acti￿tIeS and those costs of an
indirect nature netrssary to supportthe
Support costs indude central funtti(M)s and hè¥e been allocated ￿ att￿rty cost tste80r￿ on a basts consistent
with the use of resources. for exainyle. allo￿ting 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.
DÈpr￿1atitsn 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 d￿erMined as the difference be￿een the 53lÈproceeds
and the c3rrwng value of thè asseL and is recognised in the ststÈmeni of finantial artivit￿s.
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 im￿lrMent 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 (Cont￿u￿dI
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 dis￿U￿ted 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 fu￿re 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 eqU￿alents
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 Fina￿la1 lThstruments' and Settion 12'0ther
Finartial In￿r￿MentS Issws. ol FRS 102 to all of itsfinantial InstrU￿Thts.
FInar￿la1 instruments are re£o8nised in ihe Charitvs balance sheet when the Charity becomes ￿rty to the
cont￿ct￿l provisions of the instrurnent.
Fina[￿131 as5et5 and liabilitie5 are offset, with the net atnount5 presented in thE fi￿an[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 alan￿nIsed 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 (Cont￿u￿dI
Basicfinancial l&ibilities. including creditors and bank loans are initi*ly r￿ogn￿ed ai transacrion pritr uDle55
the arran8ernent con5titute5 a linancing tranSart￿tb, where the deb: instrument 15 rnea5u￿d at the PTesent
valueof the future payments discounted at a market rate ol interest. Fina￿la1 liabilities cL8ssified a5 payable
within one yearare not 3rn0rti5ed.
Debtin51rurnent5 are gJb5equenVy(arried at a￿rtised o)5t. U5ingthe effectNe interestrate methDd.
Trade creditorsare o￿lgationS ro pa¥ lorgoods or Serv￿e&lhaI have been acQui￿d 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 pr￿nted 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 ber￿fits
The cost of anyunu5ed hdiday entitlernent is recDgnised In the perH)d in which the emplDyee'$ Se￿￿5 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 Re￿rf¢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 ￿(harital￿e3c￿￿Ittes
Pvoiects
Gèneral
admin
Totsl
Propcts General
Imin
Total
2024
20Z4
2023
2023
2023
Dirert Costs
Depr￿12t10￿ 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 a￿0￿￿talic¥ fee5.
Trustee5
None of the Tr￿teeS 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 Ir￿Me 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 impalm￿Trt
Depreciation charged in theyear
At 31 March 2024
CaT￿nKamouDt
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

PJ
(¥J
W fvJ
¢yJ w

¥g¥gg-g
WO
cn O ti o O
888888
47
WO
WO
J 00
ipJ O
wo
En O

7 EL

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 dor￿r$ and gtsntors asto howthty may be used. These include d￿Igna1ed
funds which have been sei aside oui of unresirKred funds by the trusiees forspecific wrposes,
At l Awil 2023
Incoffling
Resour￿5
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
￿￿￿tr￿ed
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&tytrar￿tt(lloThs duriThgt￿ year12023- nonel.
-21-

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