2022-03-31-accounts

Report of the Trustees and Financial Statements For the Year Ended 31 March 2022

CONTENTS

----- Start of picture text -----
|||| |---|---|---| |Chair’s Foreward|.........................................................................................................3| |Message from the Chief Executive|.............................................................................4| |Report of the Trustees|............................................................................................. 5-9| |Report of the Independent Auditors|.....................................................................|10-11| |Statement of Financial Activities|..............................................................................|12| |Balance Sheet|.............................................................................................................|13| |Cash Flows Statement|...............................................................................................|14| |Notes to the Cash Flow Statement|...........................................................................|15| |Notes to the Financial Statements|.......................................................................|16-25|

----- End of picture text -----

() % 4 Be CHAIR’S

I took over as Chair of the Board in September 2021 and am delighted to share with you our audited accounts for 2021-2022.

During the last 12 months and still in the shadow of COVID, we not only maintained service stability, but we also continued to grow. We are delighted to now be providing the Staffordshire Carers Service, the Liverpool Advocacy Service, and the Cumbria IMHA Advocacy Service. We have continued to maintain a laser sharp focus on our staff’s health and wellbeing especially since we have embraced hybrid working and are keen to ensure our staff feel and stay connected.

This effort was reflected when 81% of colleagues agreed that n-compass was a great place to work for in our 2021 engagement survey. It is very gratifying that our reputation as a ‘dynamic’ and ‘can do’ Charity has led to a substantial vote of confidence by Commissioners and other funders alike. We are bold and ambitious and simply want to support more people across the North of England to stay well. We look forward to what will no doubt be a year filled with both opportunities and challenges, in what will be our last year of our current strategic plan.

The Board and the Senior Management Team are working together to set out our ambitions for 2023 and beyond. With such strong foundations to work from, it is sure to be another exciting period for the organisation.

Finally, on behalf of the Board, I would like to thank our wonderful staff - their dedication, passion and commitment is what makes n-compass truly exceptional!

Cathy Scivier, Chair

2

3

N-Compass Towards A Brighter Future Limited Report of the Trustees for the Year Ended 31st March 2022

A MESSAGE FROM OUR CHIEF EXECUTIVE

The trustees who are also directors of the charity for the purposes of the Companies Act 2006, present their report with the financial statements of the charity for the year ended 31 March 2022. The trustees have adopted the provisions of Accounting and Reporting by Charities: Statement of Recommended Practice applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) (effective 1 January 2019).

OBJECTIVES AND ACTIVITIES

Volunteers

Reserves Policy

The Board of Trustees conduct an annual review of the level of both unrestricted and restricted reserves by considering risks associated with the various incoming resources and expenditure plans for the next year. In addition, the Audit sub-committee reviews all reserves on an on-going basis and informs the board of any exceptional items.

Under the requirements of Charity Law, the Trustees are obliged to define the Charity’s policy for holding reserves. The intention in establishing this reserves policy for N-Compass is to secure continuation of its activities.

The policy will:

• 1 . Preserve the viability of the Charity

Despite the challenges we have all had to face at work and in our personal lives as a result of the pandemic, from an n-compass perspective, I could not be prouder. I have been amazed and humbled by our colleagues’ continued passion and drive, and the way they have all rallied together in continuing to meet last year’s challenges, not being fazed nor beaten by them. I said to colleagues back in March 2020 when we went into the first lockdown, we would come out the other side of the pandemic fitter, stronger and with renewed energy and vigour. Well, that has certainly been the case!

Last year we supported over 24,000 adults and young people to regain control of their lives, providing hope and a sense of purpose in getting them back on their feet. We promote resilience over reliance, by placing people at the centre of everything we do and delivering excellence by utilising individuals’ strengths, to stay well. We have a strong social conscience. We employ local people and support over 25 social work students every year, some of whom move on to permanent employment with us. Our aspiration is to continue to grow, innovate and remain a well-regarded provider of health and care services across the North of England. As part of this journey, we will continue to diversify our funding base, whilst maintaining and exceeding service user and commissioner expectations. Our focus on delivering excellent services and keeping service users at the heart of everything we do, will remain paramount.

To see our Social Accounts linked to 20212022 please click this link here. This is our first set of social accounts, and they not only outline our outcomes and impact for last year, but they also articulate our commitments in n-compass playing a wider role in the communities we provide services, through education, employment, economic and environmental pledges.

Teresa Jennings, Chief Executive

Volunteering is vital to delivery of all our services. They provide us with additional capacity as well as bringing in a diverse range of experience, skills and knowledge to the organisation. Without the support of volunteers we would not be able to support as many people as we do.

During 2021/22:

• 218 volunteers supported our service.

• Our volunteers donated 10,764 hours of support. This included engaging with carers via CHAT Line calls for over 50,000 minutes and sending over 100 pen pal letters.

• N-Compass volunteers currently support the following services and departments- Carers’ Services (via Carers Help and Talk Line and pen pal scheme), Advocacy Team, Counselling Services, Citizen Involvement Board,, Central Services, the Board of Trustee, Wellbeing Team and The Volunteer Hub.

STRATEGIC REPORT

Financial position

Over the last 12 years our income, and with it our funds, has increased steadily from £1.2 m in 2010 to £6.3 m in 2022.

We have seen continued growth over the last 12 months, increasing our total income by over £1.1m in the period primarily in our Advocacy + £0.3m and Carers Service +£0.8m.

After this period of strong growth we are forecasting a modest increase in activity to £6.7m in 2022-23.

Net income for the year was £45,892 so total reserves held at 31 March 2022 has increased to £1,120,092 of which £50,000 has been designated to Central Service Improvement Projects leaving unrestricted funds of £1,070,092.

Within this figure are free reserves of £1,053,924 which exceeds the reserves policy level for free reserves which has been calculated to be £725,000.

2. In doing so, underwrite existing services against periods of deficit

3. Enable the Charity to meet it’s legal objectives

4. Provide confidence to supporters and donors seeking to give financial support to a prudently controlled Charity afforded to all matters of investment

5. Ensure that, consistent with objects, mission statement and values of N-Compass, proper ethical consideration be afforded to all matters of investment

6. Ensure that the reserves are at a level sufficient to discharge all the charity’s obligations should the charity cease its operations

N-Compass provides a range of Welfare and Public Health services on behalf of public bodies, via shortterm contracts that are tendered and subject to competition. The Sector is subject to constant review with increasing levels of resource constraints and high risks of funding cuts. As a response to these risks N-Compass looks to mitigate the impact by operating across different funding streams, looking for strategic alliances, and being highly innovative and efficient in service delivery.

The Trustees have decided to amend the Reserves policy this year, changing from a general reserve that represented three months’ worth of payroll costs to a calculation that reflects more accurately the total amount required to discharge all the charity’s obligations should the charity cease its operations.

The revised calculation covers all commitments under operating leases, including the lease for our Head Office premises as well as three months’ worth of payroll costs for all staff who are not working on statutory contracts, which is primarily all Central Services and Counselling employees.

Surplus funds will continue to be designated as directed by the Trustees in order to support delivery of the strategic plan.

4

5

N-Compass Towards A Brighter Future Limited Report of the Trustees for the Year Ended 31st March 2022

Organisational Structure

STRUCTURE, GOVERNANCE AND MANAGEMENT

In line with the governing document, the Board of Trustees can consist of up to 12 members. Representatives can also be invited to attend the Board meetings but have no voting rights. Throughout the majority of the financial year, 10 Trustees served on the Board.

Governing Document

Since the 1st April 2009, N-Compass Towards A Brighter Future Limited has been a Company Limited by Guarantee. The governing instrument of N-Compass is the Articles of Association. Previous to this N-Compass existed as a Charity only, which was established and registered in 1999.

The Trustees are responsible for the strategic direction and policy of the organisation. There is one sub-committee of the Board. The sub-committee enables more in-depth discussion of key issues and will consider matters referred to them by the Board, making recommendations to the Board. The sub-committee is the Audit Committee.

N-Compass’ objectives:

i. The relief of those in need by reason of facing disadvantage though illness, disability, age, the demands of the carer’s role, social exclusion or adverse life events, by providing information and services to enable those people to improve their quality of life.

The Board convenes at a minimum of 4 times each year. the sub-committee meet bi-monthly or at pre-set times and has its own Terms of Reference. The reports and minutes of the sub-committee are a standing agenda item for the full Board meetings. Other committees and working groups may also be set up as needed.

ii. . The advancement of education to address the difficulties faced by disadvantaged people seeking to express themselves.

The Board of Trustees delegate the management responsibility of the organisation to the Chief Executive who is assisted in this task by a Senior Management Team consisting of the Services Director, the Peoples Services Director, the Finance Director and the Business Development Director.

Trustee Recruitment, Induction and Training

Prior to inviting nominations, the Trustees review the skills audit to try to attract members with the relevant experience and skills to the Board. A potential Trustee is required to meet with the Chair of the Board of Trustees and the Chief Executive in order to familiarise themselves with the work of the organisation, the context within which it operates and understand:

Pay policy for senior staff

The Trustees consider that the Board of Trustees, who are also the charitable company’s directors, and the senior management team comprise the key management personnel of the charity. They are in charge of directing and controlling, running and operating the Charity on a a day to day basis. All Trustees give their time freely and no trustee received remuneration in the year. Details of Trustees’ expenses and related party transactions are disclosed in notes 9, and 19 to the accounts.

• The legal obligations of Trustees

• The main documents which set out the operational framework for the organisation

• Resourcing and the current financial position as detailed in the latest published Annual Accounts

The pay of the senior staff is a matter for the Audit Committee.

On appointment, each Trustee completes a register of interests and conflict of interests form. They are given a Trustee Handbook that includes the Articles of Association, risk policy and selected policies and procedures and the Charity Commission leaflet CC3. New Trustees are invited to undertake the process of induction. Training needs are assessed and undertaken as required.

The Chief Executive regularly updates Trustees on any issues which affect their roles and responsibilities. The Trustees also have the opportunity to access appropriate training and development.

N-Compass Towards A Brighter Future Limited

Report of the Trustees for the Year Ended 31st March 2022

Related Parties and Partnerships

REFERENCE AND ADMINISTRATIVE DETAILS

In so far as it is complementary to N-Compass, the organisation is guided by both local and national policy drivers. To understand and translate these in the context of N-Compass, we are an active member on a number of partnership and information networks, and fully participate in activities through local, regional and national structures.

Registered Company number

06845210 (England and Wales)

Registered Charity number

1128809

Registered office

N-Compass is also actively involved in a wide range of multi-agency, community specific, operational and strategic partnerships. The partnerships provide the opportunity to improve professional understanding of the people N-Compass supports, gain information relating to local services and activities, and through our involvement in strategic planning, we can identify gaps in service provision and inform/ influence the commissioning of future planned services.

1 Edward Vii Quay Navigation Way Ashton-On-Ribble Preston Lancashire PR2 2YF

Risk management

The Board of Trustees regularly reviews the major risks to which the organisations is exposed, and systems and procedures have been established to mitigate those risks. The audit committee has been charged with undertaking a risk analysis pertinent to areas of focus which feeds directly to the Board of Trustees. Additionally N-Compass produces and and assesses monthly management accounts, an annual budget, quarterly budget reviews, business/strategic plans and the reserve fund policy and possesses adequate insurance cover for all personnel, property and activities as part of their risk management approach. Internal control of risks are minimised by the implementation of procedures for authorisation of all transactions and projects. This is supported also by a planned audit schedule which assesses and reviews the way we work in line with a continuous improvement approach and forms part of the ISO 9001 audit framework. As a result of the in depth strategic analysis, including a thorough risk review, a more robust and detailed risk management register is in place which forms part of the compilation of a business continuity plan.

Health and Safety policies and procedures are established and regularly reviewed to ensure the health and safety of staff, volunteers, individuals and visitors. The organisation contracts with Rradar Employment Law Consultants who provide advice which sits alongside employment litigation indemnity insurance (via AXA).

The continuing implementation and compliance with a number of quality standards ensures consistent quality for all operational aspects of the organisation. These include, as mentioned, ISO 9001, NHS Information Governance Toolkit Compliance, Advocacy and Investors in Volunteering Quality Marks and Best Companies Accreditation. All systems are periodically audited and reviewed to ensure that they continue to meet the needs of the organisation.

6

7

N-Compass Towards A Brighter Future Limited Report of the Trustees for the Year Ended 31st March 2022

The following Trustees held office during the whole of the period from 1 April 2021 to the date of this report: Catherine Scivier (Chair) Sally McIvor (Vice Chair) Brian Watson Dr. Mandy Dixon Hannah Woodcock Helen Carouzos Ann Allcoat Keith Bevan

Trustees

Other changes in Trustees holding office are as follows: Barbara Aird (resigned 29/09/2021) Janet Walton (resigned 29/09/2021) Hamish Hamilton (resigned 30/03/2022)

Chief Executive

Teresa Jennings

Stuart Whittle

Company Secretary

Auditors

Wallwork Nelson & Johnson Chartered Accountants & Statutory Auditors Chandler House 7 Ferry Road Office Park Riversway Preston Lancashire PR2 2YH

Bankers

Lloyds Bank 30 Corporation Street Blackpool FY1 1EN

N-Compass Towards A Brighter Future Limited

Report of the Trustees for the Year Ended 31st March 2022

STATEMENT OF TRUSTEES’ RESPONSIBILITIES

AUDITORS

The auditors, Wallwork Nelson & Johnson, will be proposed for re-appointment at the forthcoming Annual General Meeting.

The trustees (who are also the directors of N-Compass Towards A Brighter Future Limited for the purposes of company law) are responsible for preparing the Report of the Trustees and the financial statements in accordance with applicable law and United Kingdom Accounting Standards (United Kingdom Generally Accepted Accounting Practice).

Report of the trustees, incorporating a strategic report, approved by order of the board of trustees, as the company directors, on 30th June 2022 and signed on the board’s behalf by:

Company law requires the trustees to prepare financial statements for each financial year which give a true and fair view of the state of affairs of the charitable company and of the incoming resources and application of resources, including the income and expenditure, of the charitable company for that period. In preparing those financial statements, the trustees are required to

Ms C Scivier - Trustee

• select suitable accounting policies and then apply them consistently;

• observe the methods and principles in the Charity SORP;

• make judgements and estimates that are reasonable and prudent;

• state whether applicable accounting standards have been followed, subject to any material departures disclosed and explained in the financial statements;

• prepare the financial statements on the going concern basis unless it is inappropriate to presume that the charitable company will continue in business.

The trustees are responsible for keeping proper accounting records which disclose with reasonable accuracy at any time the financial position of the charitable company and to enable them to ensure that the financial statements comply with the Companies Act 2006. They are also responsible for safeguarding the assets of the charitable company and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities.

In so far as the trustees are aware:

• there is no relevant audit information of which the charitable company’s auditors are unaware; and

• the trustees have taken all steps that they ought to have taken to make themselves aware of any relevant audit information and to establish that the auditors are aware of that information.

8

9

N-Compass Towards A Brighter Future Limited Report of the Independent Auditors to the Members

Opinion

Other information

We have audited the financial statements of N-Compass Towards A Brighter Future Limited (the ‘charitable company’) for the year ended 31 March 2022 which comprise the Statement of Financial Activities, the Balance Sheet, the Cash Flow Statement and notes to the financial statements, including a summary of significant accounting policies. The financial reporting framework that has been applied in their preparation is applicable law and United Kingdom Accounting Standards (United Kingdom Generally Accepted Accounting Practice).

The trustees are responsible for the other information. The other information comprises the information included in the Annual Report, other than the financial statements and our Report of the Independent Auditors thereon.

Our opinion on the financial statements does not cover the other information and, except to the extent otherwise explicitly stated in our report, we do not express any form of assurance conclusion thereon.

In connection with our audit of the financial statements, our responsibility is to read the other information and, in doing so, consider whether the other information is materially inconsistent with the financial statements or our knowledge obtained in the audit or otherwise appears to be materially misstated. If we identify such material inconsistencies or apparent material misstatements, we are required to determine whether this gives rise to a material misstatement in the financial statements themselves. If, based on the work we have performed, we conclude that there is a material misstatement of this other information, we are required to report that fact. We have nothing to report in this regard.

In our opinion the financial statements:

• give a true and fair view of the state of the charitable company’s affairs as at 31 March 2022 and of its incoming resources and application of resources, including its income and expenditure, for the year then ended;

• have been properly prepared in accordance with United Kingdom Generally Accepted Accounting Practice; and

• have been prepared in accordance with the requirements of the Companies Act 2006.

Opinions on other matters prescribed by the Companies Act 2006

Basis for opinion

We conducted our audit in accordance with International Standards on Auditing (UK) (ISAs (UK)) and applicable law. Our responsibilities under those standards are further described in the Auditors’ responsibilities for the audit of the financial statements section of our report. We are independent of the charitable company in accordance with the ethical requirements that are relevant to our audit of the financial statements in the UK, including the FRC’s Ethical Standard, and we have fulfilled our other ethical responsibilities in accordance with these requirements. We believe that the audit evidence we have obtained is sufficient and appropriate to provide a basis for our opinion.

In our opinion, based on the work undertaken in the course of the audit:

• the information given in the Report of the Trustees for the financial year for which the financial statements are prepared is consistent with the financial statements; and

• the Report of the Trustees has been prepared in accordance with applicable legal requirements.

Conclusions relating to going concern

In auditing the financial statements, we have concluded that the trustees’ use of the going concern basis of accounting in the preparation of the financial statements is appropriate.

Based on the work we have performed, we have not identified any material uncertainties relating to events or conditions that, individually or collectively, may cast significant doubt on the charitable company’s ability to continue as a going concern for a period of at least twelve months from when the financial statements are authorised for issue.

Our responsibilities and the responsibilities of the trustees with respect to going concern are described in the relevant sections of this report.

N-Compass Towards A Brighter Future Limited Report of the Independent Auditors to the Members

or in the aggregate, they could reasonably be expected to influence the economic decisions of users taken on the basis of these financial statements.

Matters on which we are required to report by exception

The extent to which our procedures are capable of detecting irregularities, including fraud is detailed below:

In the light of the knowledge and understanding of the charitable company and its environment obtained in the course of the audit, we have not identified material misstatements in the Report of the Trustees.

• Enquiry of management and those charged with governance around actual and potential litigation and claims.

We have nothing to report in respect of the following matters where the Companies Act 2006 requires us to report to you if, in our opinion:

• Enquiry of entity staff in tax and compliance functions to identify any instances of non-compliance with laws and regulations.

• adequate accounting records have not been kept or returns adequate for our audit have not been received from branches not visited by us; or

• Reviewing minutes of meetings of those charged with governance.

• Reviewing financial statement disclosures and testing to support documentation to assess compliance with applicable laws and regulations.

• the financial statements are not in agreement with the accounting records and returns; or

• certain disclosures of trustees’ remuneration specified by law are not made; or

• Auditing the risk of management override of controls and evaluating the business rationale of significant transactions outside the normal course of business.

• we have not received all the information and explanations we require for our audit.

A further description of our responsibilities for the audit of the financial statements is located on the Financial Reporting Council’s website at www.frc.org.uk/ auditorsresponsibilities. This description forms part of our Report of the Independent Auditors.

Responsibilities of trustees

As explained more fully in the Statement of Trustees’ Responsibilities, the trustees (who are also the directors of the charitable company for the purposes of company law) are responsible for the preparation of the financial statements and for being satisfied that they give a true and fair view, and for such internal control as the trustees determine is necessary to enable the preparation of financial statements that are free from material misstatement, whether due to fraud or error.

Use of our report

This report is made solely to the charitable company’s members, as a body, in accordance with Chapter 3 of Part 16 of the Companies Act 2006. Our audit work has been undertaken so that we might state to the charitable company’s members those matters we are required to state to them in an auditors’ report and for no other purpose. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than the charitable company and the charitable company’s members as a body, for our audit work, for this report, or for the opinions we have formed.

In preparing the financial statements, the trustees are responsible for assessing the charitable company’s ability to continue as a going concern, disclosing, as applicable, matters related to going concern and using the going concern basis of accounting unless the trustees either intend to liquidate the charitable company or to cease operations, or have no realistic alternative but to do so.

Our responsibilities for the audit of the financial statements

Paul Woodburn FCA (Senior Statutory Auditor) for and on behalf of Wallwork Nelson & Johnson

Our objectives are to obtain reasonable assurance about whether the financial statements as a whole are free from material misstatement, whether due to fraud or error, and to issue a Report of the Independent Auditors that includes our opinion. Reasonable assurance is a high level of assurance, but is not a guarantee that an audit conducted in accordance with ISAs (UK) will always detect a material misstatement when it exists. Misstatements can arise from fraud or error and are considered material if, individually

Chartered Accountants & Statutory Auditors Chandler House 7 Ferry Road Office Park Riversway Preston Lancashire PR2 2YH

Date: 30th June 2022

10

11

N-Compass Towards A Brighter Future Limited Balance Sheet 31st March 2022

Statement of Financial Activities (Incorporating an Income & Expenditure Account) for the Year Ended 31st March 2022

N-Compass Towards A Brighter Future Limited

		2022	2021			2022	2021
		Unrestricted	Total			Unrestricted	Total
		funds	funds			funds	funds
	Notes	£	£		Notes	£	£
INCOME AND ENDOWMENTS FROM				FIXED ASSETS
Donations and legacies	3	-	104,531	Intangible assets	13	-	2,949
				Tangible assets	14	16,969	39,801
Charitable activities	6
Advocacy		1,427,730	1,089,631			16,969	42,750
Counselling		354,916	334,877
Carers		4,470,436	3,668,871	CURRENT ASSETS
				Debtors	15	786,947	593,085
Activities for generating funds	4	38,091	39,160	Cash at bank		1,034,772	1,252,550
Investment income	5	14	274
						1,821,719	1,845,635
Total		6,291,187	5,237,344
				CREDITORS
				Amounts falling due within one year	16	(718,596)	(814,185)
EXPENDITURE ON
Charitable activities	7	1,605,031	1,198,872
Advocacy		372,922	347,201	NET CURRENT ASSETS		1,103,123	1,031,450
Counselling		4,267,342	3,573,095
Carers
				TOTAL ASSETS LESS CURRENT		1,120,092	1,074,200
		6,245,295	5,119,168	LIABILITIES
Total
				NET ASSETS		1,120,092	1,074,200
NET INCOME		45,892	118,176
				FUNDS	18
				Unrestricted funds		1,120,092	1,074,200
RECONCILIATION OF FUNDS
				TOTAL FUNDS		1,120,092	1,074,200
Total funds brought forward		1,074,200	956,024
TOTAL FUNDS CARRIED FORWARD		1,120,092	1,074,200

The financial statements were approved by the Board of Trustees and authorised for issue on 30th June 2022 and were signed on its behalf by: :

C Scivier - Trustee

The notes form part of these financial statements

The notes form part of these financial statements

12

13

N-Compass Towards A Brighter Future Limited Cash Flow Statement for the Year Ended 31st March 2022

N-Compass Towards A Brighter Future Limited Notes to the Cash Flow Statement for the Year Ended 31st March 2022

1. RECONCILIATION OF NET INCOME TO NET CASH FLOW FROM OPERATING ACTIVITIES

Cash fows from operating activities Cash generated from operations Net cash used in operating activities Cash fows from investing activities Purchase of tangible fxed assets Interest received Net cash provided by/(used in) investing activities Change in cash and cash equivalents in the reporting period Cash and cash equivalents at the beginning of the reporting period Cash and cash equivalents at the end of the reporting period 1 Notes	2022 £ (217,792) (217,792) - 14 14 (217,778) 1,252,550 1,034,772	2021 £ (2,309)
		(2,309)
		(22,189) 274
		(21,915)
		(24,224) 1,276,774
		1,252,550

Net income for the reporting period (as per the Statement of Financial Activities) Adjustments for: Depreciation charges Interest received Increase in debtors (Decrease)/increase in creditors Net cash used in operations	2022 £ 45,892 25,781 (14) (193,862) (95,589) (217,792)	2021 £ 118,176 29,501 (274) (178,421) 28,709 (2,309)

2. ANALYSIS OF CHANGES IN NET FUNDS

Net cash Cash at bank Total	At 1.4.21 £ 1,252,550 1,252,550 1,252,550	Cash fow £ (217,778) (217,778) (217,778)	At 31.3.22 £ 1,034,772 1,034,772 1,034,772

The notes form part of these financial statements

The notes form part of these financial statements

14

15

N-Compass Towards A Brighter Future Limited Notes to the Financial Statements for the Year Ended 31st March 2022

N-Compass Towards A Brighter Future Limited Notes to the Financial Statements for the Year Ended 31st March 2022

1. STATUTORY INFORMATION

N-Compass towards a brighter future Limited is registered as a charitable company limited by guarantee, and is domiciled in the UK. In the event of the charitable company being wound up, the liability in respect of the guarantee is limited to £10 per member of the charitable company. The Trustees are the members of the charitable company. The charitable company’s registered number and principal office are as below:

Registered Charity Number: 1128809

Registered Company Number: 06845210

Principal Office: 1 Edward VII Quay, Navigation Way, Ashton-on-Ribble, Preston, PR2 2YF

2. ACCOUNTING POLICIES

Basis of preparing the financial statements

The financial statements of the charitable company, which is a public benefit entity under FRS 102, have been prepared in accordance with the Charities SORP (FRS 102) ‘Accounting and Reporting by Charities: Statement of Recommended Practice applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) (effective 1 January 2019)’, Financial Reporting Standard 102 ‘The Financial Reporting Standard applicable in the UK and Republic of Ireland’ and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.

The presentation currency of the financial statements is the pound sterling (£).

The Trustees consider that there are no material uncertainties about the Charity’s ability to continue as a going concern.

No significant judgements have had to be made by the Trustees in preparing these financial statements.

Expenditure

Liabilities are recognised as expenditure as soon as there is a legal or constructive obligation committing the charity to that expenditure, it is probable that a transfer of economic benefits will be required in settlement and the amount of the obligation can be measured reliably. Expenditure is accounted for on an accruals basis and has been classified under headings that aggregate all cost related to the category. Where costs cannot be directly attributed to particular headings they have been allocated to activities on a basis consistent with the use of resources.

Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life. Office Equipment - 33% on cost

Taxation

The charity is exempt from corporation tax on its charitable activities.

Fund accounting

Unrestricted funds can be used in accordance with the charitable objectives at the discretion of the trustees.

Restricted funds can only be used for particular restricted purposes within the objects of the charity. Restrictions arise when specified by the donor or when funds are raised for particular restricted purposes.

Further explanation of the nature and purpose of each fund is included in the notes to the financial statements.

Support costs

Support costs are those functions that assist the work of the Charity but do not directly undertake charitable activities.

Support costs include back-office costs, finance, personnel, payroll and governance costs which support the Charities objectives. Support costs have been allocated to activities on a basis consistent with the use of resources.

3. DONATIONS AND LEGACIES

Donations In 2021 a donation of £103,331 was received in relation to the merger with Carlisle Carers which concluded in August 2020. 2022 £ - 2021 £ 104,531 4. ACTIVITIES FOR GENERATING FUNDS	Donations In 2021 a donation of £103,331 was received in relation to the merger with Carlisle Carers which concluded in August 2020. 2022 £ - 2021 £ 104,531 4. ACTIVITIES FOR GENERATING FUNDS	2021 £ 104,531
5. INVESTMENT INCOME Student placements	2022 £ 38,091	2021 £ 39,160
100% of investment income is related to assets held in the United Kingdom. Deposit account interest	2022 £ 14	2021 £ 274

Income

All income is recognised in the Statement of Financial Activities once the charity has entitlement to the funds, it is probable that the income will be received and the amount can be measured reliably. Where the Charity undertakes activities under contracts, income is recognised on a time basis to reflect the services provided. Details of income deferred to a future period are contained in note xx. These amounts will be released to projects in the coming year.

6. INCOME FROM CHARITABLE ACTIVITIES

Activity Advocacy Counselling Carers	2022 £ 1,427,730 354,916 4,470,436 6,253,082	2021 £ 1,089,631 334,877 3,668,871
		5,093,379

16

17

N-Compass Towards A Brighter Future Limited Notes to the Financial Statements for the Year Ended 31st March 2022

N-Compass Towards A Brighter Future Limited Notes to the Financial Statements for the Year Ended 31st March 2022

7. CHARITABLE ACTIVITIES COSTS

Advocacy Counselling Carers	Direct Costs £ 1,605,031 372,922 4,267,342
	6,245,295

10. STAFF COSTS

Wages and salaries Social security costs Other pension costs Redundancy costs Other employee benefts	3,549,187 253,394 164,391 28,402 26,523 4,021,897 2022 £	2,919,140 216,141 146,930 8,500 13,682 2021 £
		3,304,393

The average monthly number of employees during the year was as follows:

8. NET INCOME/(EXPENDITURE)

	2022	2021
Net income/(expenditure) is stated after charging/(crediting):	£	£
Depreciation - owned assets Computer software amortisation	22,832 2,949	21,526 7,975
Operating leases- premises	190,946	170,162

Charitable Activities Other	2022 125 14 139	2021 105 13
		118

The number of employees whose employee benefits (excluding employer pension costs) exceeded £60,000 was:

		2022	2021
£60,001	- £70,000	1	1

9. TRUSTEES’ REMUNERATION AND BENEFITS

There were no trustees’ remuneration or other benefits for the year ended 31 March 2022 nor for the year ended 31 March 2021.

Trustees’ expenses

Pension costs are allocated to activities in proportion to the related staffing costs incurred and are wholly charged to unrestricted funds.

The key management personnel of the Charity comprise the Trustees, the Chief Executive Officer, the Services Director, the Peoples Services Director, the Business Development Director and the Finance Director. The total employee benefits of the key management personnel of the Charity were £248,560 (2021: £232,753).

The average monthly headcount in the period was 165 staff (2021: 142).

There were no trustees’ expenses paid for the year ended 31 March 2022 nor for the year ended 31 March 2021.

18

19

N-Compass Towards A Brighter Future Limited Notes to the Financial Statements for the Year Ended 31st March 2022

N-Compass Towards A Brighter Future Limited Notes to the Financial Statements for the Year Ended 31st March 2022

11. COMPARATIVES FOR THE STATEMENT OF FINANCIAL ACTIVITIES

12. GOVERNANCE COSTS

INCOME AND ENDOWMENTS FROM Donations and legacies Charitable activities Advocacy Counselling Carers Activities for generating funds Investment income Total EXPENDITURE ON Charitable activities Advocacy Counselling Carers Total NET INCOME RECONCILIATION OF FUNDS Total funds brought forward TOTAL FUNDS CARRIED FORWARD	Unrestricted funds £ 104,531 1,089,631 334,877 3,668,871 39,160 274 5,237,344 1,198,872 347,201 3,573,095 5,119,168 118,176 956,024 1,074,200	Indemnity insurance Auditors’ remuneration 13. INTANGIBLE FIXED ASSETS	2022 £ 940 4,800 5,740	2021 £ 895 4,200
				5,095
		COST 1 April 2021 and 31 March 2022 AMORTISATION At 1st April 2021 Charge for year At 31st March 2022 NET BOOK VALUE At 31st March 2022 At 31st March 2021 14. TANGIBLE FIXED ASSETS	Computer Software £ 23,960 21,011 2,949 23,960 - 2,949
				21,011 2,949
				23,960
				-
				2,949
		COST 1 April 2021 and 31 March 2022 DEPRECIATION At 1st April 2021 Charge for year At 31st March 2022 NET BOOK VALUE At 31st March 2022 At 31st March 2021	Ofce Equipment £ 96,606 56,805 22,832 79,637 16,969 39,801
				56,805 22,832
				79,637
				16,969
				39,801

20

21

N-Compass Towards A Brighter Future Limited Notes to the Financial Statements for the Year Ended 31st March 2022

N-Compass Towards A Brighter Future Limited Notes to the Financial Statements for the Year Ended 31st March 2022

15. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

Trade debtors Prepayments 2022 £ 595,651 191,296 786,947 16. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR	Trade debtors Prepayments 2022 £ 595,651 191,296 786,947 16. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR	2021 £ 521,358 71,727
		593,085
Trade creditors Other creditors Accruals and deferred income	2022 £ 132,278 322,986 263,332 718,596	2021 £ 151,709 426,228 236,248
		814,185

Deferred income is included within other creditors and amounts to £20,742 (2021 £49,983). Of the opening deferred income £49,983 was released to the SOFA. Of the closing deferred income, £20,742 is income deferred in the current year.

18. MOVEMENT IN FUNDS

Unrestricted funds General fund Central Services Improvement Projects TOTAL FUNDS Net movement in funds, included in the above Unrestricted funds General fund TOTAL FUNDS	Net movement in funds £ At 1.4.21 £ 45,892 - 45,892 45,892 1,074,200 - 1,074,200 1,074,200 6,291,187 6,291,187 are as follows: Income resources £	Transfers between funds £ (50,000) 50,000 - - (6,245,295) (6,245,295) Resources expended £	At 31.03.22 £ 1,070,092 50,000 1,120,092 1,120,092 45,892 Movement in funds £
			45,892

The amounts deferred comprise time apportioned contracts and service level agreements or funding for projects that were not set up at the year end. These will be released in the current year against relevant projects.

Comparatives for movement in funds

17. LEASING AGREEMENTS

Minimum lease payments under non-cancellable operating leases fall due as follows:

	2022	2021
	£	£
Within one year	64,599	30,105
Between one and fve years In more than fve years	266,136 122,532	180,200 -

Unrestricted funds General fund TOTAL FUNDS	956,024 956,024 At 1.4.20 £	118,176 118,176 Net movement in funds £	1,074,200 At 31.03.21 £
			1,074,200

453,267

210,305

22

23

N-Compass Towards A Brighter Future Limited Notes to the Financial Statements for the Year Ended 31st March 2022

N-Compass Towards A Brighter Future Limited Notes to the Financial Statements for the Year Ended 31st March 2022

18. MOVEMENT IN FUNDS - continued

Comparative net movement in funds, included in the above are as follows:

19. RELATED PARTY DISCLOSURES

There were no related party transactions for the year ended 31 March 2022.

Unrestricted funds General fund TOTAL FUNDS A current year 12 months and prior year 12 months combined Unrestricted funds General fund Central Services Improvement Projects TOTAL FUNDS At 1.4.20 £ 956,024 - 956,024 956,024	Unrestricted funds General fund TOTAL FUNDS A current year 12 months and prior year 12 months combined Unrestricted funds General fund Central Services Improvement Projects TOTAL FUNDS At 1.4.20 £ 956,024 - 956,024 956,024	(5,119,168) (5,119,168) 5,237,344 5,237,344 Resources expended £ Income resources £ position is as follows: Transfers between funds £ (50,000) 50,000 - - Net movement in funds £ 164,068 - 164,068 164,068	118,176 Movement in funds £
			118,176
			At 31.03.22 £ 1,070,092 50,000
	956,024		1,120,092
	956,024		1,120,092

A current year 12 months and prior year 12 months combined net movement in funds, included in the above are as follows:

Unrestricted funds General fund TOTAL FUNDS	Income resources £ 11,528,531 11,528,531	Resources expended £ (11,364,463) (11,364,463)	Movement in funds £ 164,068
			164,068

24

25

n-compass Head Office 1 Edward VII Quay Navigation Way Ashton on Ribble Preston Lancashire PR2 2YF

Tel: [phone] Email: [e-mail] www.n-compass.org.uk

[@ncompass.org]

[@_ncompass]

n-compass are in position #30

n-compass registered in England and Wales. Charity No. 1128809. Guarantee No. 06845210.