IILCIS'I'F.RF.I) C()MPANY NUMBLrit: ¢16845210 IEiiglg1111 and Wale51 RF.GISTF.RF.D CIIARITY NUMBif.R: 11281109 IIEP(IIi-r OF'I'HE'fiiusTELI S ANI) FINANCIAL SIA'I-EMLN'I'S FOR'I'HE YEAR ENDCIDJI ttrlARCH 2024 FOR N-COMPA55 TOWARDS A BRIC.HTER FUTURE LIMITED Wiillwork Ncls1?ii & Ji)lin%()i) C'.Iiarfered Accovtliai)i% & Siattilory Aiidiloi's Clian(Iler Iluu4e 7 Flrry Rodd oificc PJrk Riversiviiy l)R2 2YI I
N-c0.1PASs I'OWARDS A IIRIGHTER FIITUIIE LIMITEI D CI)NTENTS ()r'i'i4L I,"INAIN'CIAL STATF.MENTS FC)11 I'IIF. YF.All II'NI)D:I) 31 MARCH 2024 Pa%e R¥pii't of the Triistee$ RepDrt the IndepL'ndenl Aiiditors Siateiiieiil of Flnnel#l Activities 10 B4laiice Slieet CAsh Floii. Stalement 12 Note5 to the Cash Flibm. Statemeiil 13 N•t¥5 tts tlie Fiiiaiitial Stal¢meiits
N-CUMPASS TOWARDS A FIIIIGHTEIt FUTURL LIMITII D {REGISTERED N'UMIIFR.. 0684$21UI REPORT OF I'HE TRUSTEE.8 FOIITHE YEAR ENDED 31 MAIICII 2024 The Iiu%l¢e% wl)o al'e 4lso diTectoiN of Ilie charity foi. tlie piirpo%es of Ilie C.'oii)pJnies Act 200(). PTesenl their reporf wilh the rii)£ltlLial <ilciiienls ol Ilic ih£irily foi. Ihc year cn(l¢d 31 MLirLlI 2024. The Iruslccs IiEryVC ople the provisions ul A¢LOILnling Iviili tlic Fiii%ncial Rcporling Sli£ Iidail api)licablc iii IIIL UK Jid Republic Of Iieldijd IfRS 1021 Icffcclivc l January 2019}. 011.ITr.CI'IVES AND AcfiviTIES Ohje£lives #ctii,Illes N-C()Ini)abs vi)craics aLIY)SS thc NuTih i)r Et)LtlJiid lo hclp pcupll iEbldjJl Lijiilj'ul uf Ihtii. livcs, provi(liiig hvi)c and a scnse of piirp(18c. Ihiiiiigli Ilie proi'isi(In i)fcaJ¥rs, AdvoclY, W¢llb¢iiig. C011115cIIiii¥ ciiid Vi)liiiilccriii¥ SciviLC%. N-Con)pas5 objeciives, as stated iii our gsoiieri)iJi&i docunienl, ale.. ie irlicf uf thth%¢ in need by ifcison Of faciiig Ji.%&dv1c lltagc thoiigh illncss, disability, Ilic deinajids of ih¢ r¢r's iole, si)cial cxcliisi()11, (Jr adverse life ev¢iils, hy i)Ix)vidiii¥ iiif(ITiiialiiin ai)d .%ervic&% lo ¢Nbl¢ ihose 1>ple lu ii)Ipix)ve Ilieir qualily of lifL. 2. The advaiiccmci)l of cdiicalioii to ad(Ire.%% th¢ diffjculiies fu¢¢d by digadVlI1C people scekijig to expr¢s5 Ih¢Jnsclves. aiid tlie oui¢on)es of its work in ilie 8aii)e repoi1ing period. In siiiiiinary. ii) 2023-2024 pci'iod. oiir staff iealD, SUPPOt1ed by IX5 vdliinleeis sliprted ovcr 30,atX> individii¢ils to %lay well. STRATEGIC REPORT Finanisal position N-¢oiiJpass is it] a slionb financial posilioii with ui)resli'icl¢d tiind.% of £1,066,261 wliicli ex¢eed$ Ilie reserves policy level for tree irsetryes which lias beeii sel al £725,000. ai)proviii8 Ilie IiaTibler of £¥O.1100 lo Dcsignaied funds, to bc iiive8lcd iii iini)rovenieni8 to oiii. IT iE)frasirii¢lure ajid Dala slixlegy, eJi.4urinL Iliat ive will bet)efii tiY)Ji) the latest technology to provide g besl-in-class service lo our service u5er¥ and coiiimi5SlOnCJ'S. Afici. li pcriiid i)f slri)nb gTr()Ivili in rlent rs. incoii)c fell l)y £0.4IM in 2023-2024 10 £6.2111. Tli¢ ixJjc)rily i>f Illi% dccrc1c 8c in iiicoin¢ ¢anic froin our C.ar¢r8 seivicc wlicre iiKoii)¢ fell by £0.311) 11) É4.21)i. Tliis iva5 a resiili of cotili'acts COlliii)g lo ail cnd in C.lie%liire Ea%1 C.ai'lisle. biit iYil11 a iieiv service slarliiibT in WaiYinL)lon. iiicoiiie will reliirn lo £4.5in iii 2024-2025. Dcspile Ilic difficult enviruni)i¢t]l iii ivliicli we ilPLralc, willi liigli¢i- intldlioi) and ii)any fixe(I pricc coiilrucls, w¢ Jeliveird a 4lncill 8uiplus (If£1,978 before Ilic iisL i)r D¢%igiiiilL,d fiiii(141£.13,496 L'XPLlI(Icd (In a Piiyri>ll bcncli1I'kin¥ LxciLise and Lci)ITal Wc £ire confideiii iii Ilie lulurc an(1 ¢xpccl l() Lviy)w iiiuLk5tly ii) 2024-2U25 having lllreddy SCCilTed li new ¢oJiliact fvj. our AdvuLIiLy %¢IYILL wliiLli will gwcnii.
N-c(]pAsS.1'WA1IDs A IIIIIGIITEII FUTURE LIMITF.D IRECISTERCI D Tr4UMBCI R.. 068452101 R Tr:POII'I- OF THF. TRUS'I-EES FUII'I'IIE YEAII ENDEI) JI MARCH 2024 STItATCGIC IlbPOR'I' Finniif Ilhl i'¢vi¢ii' Reserves i)oliLy Tlie Boa1 Dt. Tiusiee.4 coiidiict ail ajiiiual Iri'iJi' ot. Ilie level ot. boili iinresiricieii and IEslricted re8ernie by ¢unsideTing I'isk5 rcvicivs (ill rcbcrvcs on an on-goin¥ bo%is and iiitorins ihc b(kii ofai)y exLeplioiial ilen. Uiider Ihe requiirjiicnts ofc.hai'iiy Law. Ilic Tiu8lee8 are obligcd to dcfInc Ilic C'liarity's policy foi. lioldiiigT I'cscrves. Tlie ii)leJilioJi in e.%ldblibliing this iEseiv&81)oli¢y foT N-C.oiiipass is 10.%e¢ure ¢Olllii)uatioii of ils aelivilies. The i)olicy iyill.. l. Prescrve Ilie Vicibilily Lif Ihc Clurily 2. Iii di)iiig7.%o. utideiivi'iie exi51ingy seivices againsi periods of deficit 3. Ei)able Ili¢ Cliarity lo tiieei ils lebal objeclives 4. l'i'ovidc coiilid¢iicc lo siii)poi1crs diid dvJi(Iis se¢kitJgJ Io give fJJMiieiiil supi)0rt lo u pn]dcJitly ¢oi)Irolle(I Chiifiiy 5. F.ii%iirc Ilial, consi51eJil wilh obj¢Lls, Inisstotj Sl£lteEnenl and valiies of N-Cotni)as5, propel. eihical consid¢raiion b¢ aff(>nl¢d 6. E115urc tliai th¢ r¢cTVC% are al a lev¢1 svffici¢nl to discliai'8e all Ilie ¢lui'ily'5 obligali021s sliould Ilie LliaTlly cease its 01)eraiion5 N-C'(iiiipass i)rovidcb a riiiigc of Wcifitrc Jnd Piiblic I Iciilili scrvic&% on h¢li¢ilf of piibliL bodies, via short-I¢iiM LL)IItIllLts Ilial aiid risks of fuiiding ciils. As a re81x)nse 10 tlic%c risk% N-C.oiiipa&8 look% to iiiiligatc Ilic iini?aCi by c)i)¢raliiigT a£io$s differciil run(ling sliEains, lookiniw ltir slralegic alliaJi¢e%, and beii)g liiglily iiii)ovaliv¢ ènd efficient in serviee4elivery. Tlic Eiesci'ves 1)oliiy Lovers all Loii)Ji)IltJiei)ls ui)der Opcicltiiiu l¢a&cs, incliidin¥ tlie leasc fur oiir Hc£id Officc i)Teiiiise5 as wcll Suii)lus fuiids ivill cojiiiiiue ith bc dcsigsiialcd as dire¢ied by Ihe Tnjslccs in oi'dcr to 111)port deliveiy ofii)e slimtegic plaii. STRIJC.TIIRb, G()IIERNANCC AND MANAGEAIENT Gthi'ei'ning dociiiiieijt SiiiLe Ilie 151 AIiTiI 2009, N-C'c)i))Pic %% T()wariL4- A Bi'i¥lilL'r Fiiiiir¢ Liinil¢d lia% becn a C'oiiipdiiy LiJiiil¢(I by (FirI1111cL.. T]ic govciniiig iii%lruiM¢i)l of N-coiiipass 1% 11)¢ Articl&4 of Associalioji. Previou% 10 Il)is N-Coiiipas5 existed &8 a C.liaTity only. ¥lii¢li ivmb eslablislied and regri8ieTed in 11)l)9. Ti'uslee ReLruitmi'nt, INduCtin Rn(l Tr#inin¥ skills IL) Ili¢ B(iJid. A pL>lcJilial Trustee is Irgiiii'cd to Illcci Iviih ihc Chair of Ilie Board of Tiiisl¢cs #n(1 thc Chicl. Lxeciilivc in Coi)Iniis%ioiJ leallei (.'C3. Neiv 'l'iii%le¢% are ii)viled lo undei'lake Ilie i?roce.%% ul. iii(liiclioi). '] raitJiii&i iieed% iiir a&*ssed aiid PJgc 2
N-COMPASS TOWAIIDS A BRIGHTEII FUTURE
LIMII'LD IRECISTERCID N'UMBEIR: 068442101
REPORT OF THE TRUSTEES
FOR THE YEAR ENJ)ED 31 MARCH 2024
STIIUC'I'URE, GOIIEIINANCE AND MANAGF.NIENT
OrgAiiisatiuiial stru¢tiir¢
In linL wilh Ili¢ Ltovci'iiiJJg d
N-CONIPASS TOWARJ)S A BIIIGHTER FUTUIIL LIMITII D {REC.ISTF,RCI D f*UMBEI R.. 0684$210) REPORT or i'HL"I"RUSTEL FOII THE YEAII LNDED 31 MARCH 2024 S'I'IIUCTURE, C:()IIEIINANcf. AND MANAGEMENT Risk inaiiageinent lo aicaq of foci18 ivliicl) tee(18 <lirecily In Ilic Boail of Trii%lce%. Addilii)i)dlly, N-CIiiiipa%E PTI)ducc8 iin(l assesscs tiioiiil)ly po%se%se% a(lequJle iii%iiiTrnce covei. foi. all pei'8oiiiiel, proi)ethy. uii(l Jcliwilie% a.4 parl ot. Iheii. risk iiiaiiagTeJi)eiit al)i)Ia¢h. IntClllc?I coJilrol% i)f risk% Ininimis¢d by Ihc iiiii)Icmcnlation of i)ro¢cdiire8 for Iiiiihori%<il j(In of till Iiun%aclions and projcct%. ijiiproveiiieni Jpi¥roaLli aiid foniis i)art of tlie Isn 9001 au(lil fraii)CWOTk. A.% kl IrsiIII of tlic iii-dci)111 %irate&iic aiialy818, iiiclu(lii)gi a IIIoJ'oiiLylI ri%k Vie1v, a n)OTe Tobusl at)d detailed ri8k n)anageinenl Irgi.%ier is in place which forn)5 part of the Hc¢l11li Sxfcly i?L)lictcs diid pr()Lediiirs are eslablisliLd ciiid reuTulcll'ly rcvicwcd i() cn51i IIIL lieJlili lin(1 .4ufely vf 51aff, volunicers, ii)clivJdualE, and vi.%ilors. Thc oi'biaiiisaiiuii iolilracls ii'iili RTadai' Einployiiicnl Laiv Consuliani8 wlio i)rovide advice 11,hich sils aloii&$ide eii)ploymenl liligalioii iiideiiinity insurance Ivia AXA). Qualiiy Mai-ks. and Circal Placc% 10 Work accrcdilalion. All sy%lciii.% arc i?criodically aiidiled ai)d rtview¢d lo ejisurc Il)al Ilicy continue to I¢¢¢ Ilie needs of Ilie organisalion. REFEREN'CE AN'D ADMINISTRATIVE DETAILS RL'K15tei'e(I ConiiTranv nuniber 0()845210 {En¥ljind ¢lii(I Wiilesl ReElStere(I Charity nunibej. 1128809 Registertil oltl¢¢ Edwiii'd Vl l Quhy N&vi¥diii)ii W<ly A%lilon-()n-Ribblc Pre%lon Lancushiir PR2 2YF P£igc 4
NQOMPASS TOWARDS A BRIGHTER TrII'I'IIRF. LIMITED REPORT OFTHL TRUSTEES FOR THE YEAR ENDCD31 MARCII 2024 Trustees The followiiig Triislees lield office durii)g Ihe wliole of ihe period from l April 2022 to Ilie date ofthis IEpoit'. Cailierine Sciviei. (C.17T) Dr, Maiidy Dixon Hcleii C'aroiizos Angiie Boyle Joidan Lewis Raclia¢l Mccullough Oilier cliaii¥es in Ti'uslees lioldinkj office are as folloivs.. Sally Mclvor Ir¢sigTn¢d 281061231 Bi'iaii Wa150n IirsiL>iied 11041241 Caihei'iiie Walsli lappoiiiltd 221041241 Jodiiiia Friili-Williaiii8 lappoinled 22 04 241 lat1 Edwai'd5 lappoinled 221041241 Chief Executive Joaiii)a Solanki CompaDy Secretary Siiiait Whittle Audlto Wallwork Ne15011 & Joliiisoji Cliaileird Accounlai)Is & Siaiulory Aiiditors Cliaiidlei. House 7 Feny Road oifice Park Rivei'sway Pir51011 PR2 2YI I ljaiikers I,loyd% Bank 30 Coi'poration Street J31ackp(Jol FYI IF.N STATEMENTOP I'RIISTEES, RESPONSIBILI'IILIS The Iriisie¢s Iwlio ai-¢ also ilie dii'ecl01s of N-('oiiii)as5 Iowi)Ils A 141'igJlileY fiiiiiir Liiiiiled fur Ili¢ piii'pose5 of ioiiii)aiiy lawl Utiiled kiiib7dotii Accoiiiiliii&i Slaiylards (United Kiiigdoiii Geiieimlly Accepted AcLoiiiiliiiu Pi'aclicel. Pabie 5
N-COMPASS TOWARDS A BRIGHTER FUTURE LIMITED
REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31 MARCH 2024
STATEMENT OF TRUSTEES' RESPONSIBILITIES - continued
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
-
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 f[r] aud 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.
AUDITORS
The auditors, Wallwork Nelson & Johnson, will be proposed for re-appointment at the fo11hcoming Annual General Meeting.
Report of the trustees, incorporating a strategic report, approved by order of the board of trustees, as the company directors, on 26 June 2024 and signed on the board's behalf by:
Ms C Scivier - Trustee
Page 6
REP()IITOFI'HF. INDEPENDENT AUDITORS TOTHE MEMHERS OF N-COMPASS TOII'ARDS A BRIGFXTLI R FVTURE LIMITLD Opiniiin W¢ Iiav¢ audited Ilic fiiiaiitial siaieineiii% of N-Coiiii)ll55 ToivaTd% A Briglitei. Futtir¢ Liii)il¢d lilie 'cliaritablc coiiipany'} f(Ir the year et]ded 31 Mairli 2024 ivlii¢li cojiiprise Ilie Sial¢ii)¢bi ol. Financkal Aclivilie.%, tlie Balance Slieel. Ili¢ C.'a%h Floiv Staleniei)I and nolts lo Ihe fjjuncial sldleineiils, iiicludiii¥ d suiiiiiiary of .SlbTiiJfiGanl accoiinting policies. The finaiicial repoi1it)g fiaInewui'k Ilul has bccii api)li¢d li) Ihcir prLI)ciJ'alioti is ai)i)liLable law cind Unitc(l Kingdom A¢coiiiiliiig standu1& Iuniicd Kin¥(k)iii Geiierully ALCLpIL,d ALC()IiJiling Pracliccl. ID our opinion tlie flnancial slaleineNI$'. giive a Iiiie aii(I fail. view of the %lalc of Ilie chaiiiJble ¢onii)Jiiy'% affuiTb Jl 31 Marcli 2024 aiid of ils ijicoiniiib iEsouire5 an(1 <ll)i)Ijc£iliC?n of resourccs. iJiLlii(liiigT ilb inLomc lind cxpcjidittiie, fur the yedr Ilicn cndcd. liave bccii i)r¢[¢d in accordance willi il)c rcquLTei)ieiiis i)fiiie Coiiipajiies ALI 2000. Basis fni. oplnloii We conducttd our audil iii #ccordaoce willi Inlernatioiial Siandards on Audiling IUKI IISA8 IUKII and api)licable law. Our slaleineiilb se¢iioiJ of oui. repoil. We Jr¢ iiidei)eJideiii ol- Ilie Cli7T11bIt ¢oii)paJiy iii accordaiice iviih the ethical Tequiitii)eiils Ih#i r¢levaiil 10 OIIT aiidil uf Ihe firtdtJLidl late1Th¢ll1 in Ihc UK, incliiding Ihc FRC'S Eihi¢?L I StAlard, and wc hJvc fiilfillcd Wc hclicvc iliul Ilic tliidil cvid¢i)ce we hove obiaiiied is surricieiil and appropi'iale to proi'id¢ a ba.%is for our 01)iiiion. In Jiidiling Ilie fiiiancial %lalcJi)ciils, Ivc liai'c conclu<led Iliat Ilic Iruslccs, use tsf ilie going conccTn basis of a¢couiilin8 Ill tlie preparalioii ol'the finaiicial slalenien15 LS sipproi)riale. Based on thc work w¢ have p¢Yfoniicd, we have not identified any inat¢TLal un¢endinlies relating Iv evei)Is or e0nditio1 that. individiinlly i)r Collectively. Iiiay cllsl .45gnifi¢aiil doiibi (iji Ilie charillible Loinpally's abilily Iv ¢vnliiille as a ¥oiii¥ c()iicern r()r a p¢riod of al Icast Nvclvc months froii) Ivl)en tlic filnCial slal¢ii)enls are auiliori5ed lui is$u¢. Oui. Irspoiisibililies aiid the Tes]xJiisibililies of the lJustee5 Ivith respe¢l lo goii)g coiicein ar¢ d¢%¢ribc(l iji thc ielevaiil s¢¢tion8 (If Ihib Ifpgrt. Other Informadoii Tlic Irllblees <11-¢ rL'sponsible foi. Ilie oth¢T iE)f4)iiiialion. Tjie oihcr iiifvnmjlion ¢oJiipriscs thc infunMaii(¥n in¢ludcd iii tl)¢ Aiinual Reput¢, i)ilier Ilmii Ilie fiiiaiici¢l15141eit)¢nls dnd (Triir RepuTi ofi11¢ Tndewndcni Aiidilors Il)¢TC4)n. Oui. 01)inion on Ilie tinancial slateineiil% doe% not cover Ilie otli¢T inlorii)alion and. except 10 tlie exlenl otlieThvise expliciily slal¢(l iii our rcpoit, Ivc (lo nol cxpir¥s any fonii of hssurancc cvii¢lu8ion thcrcoll. 11lisslcltcn)cnt5, wc Jrc rcquircd to dcleiinin¢ ivhcih¢r this giives rise 10 d inalcrial iiii&%l4l¢nicni 111 Ilie financial t¢n)¢nts Opiijions oil olljer nifytter5 yre5cribe¢l by the Conii)anies Acl IIIL, Rcpuri uf the 1'1i1sie¢s has bccli pi'cparcd in acc(Ii'dan¢e M'iih iipi)licJble legal rcquircniciils. PiigL 7
IIF.PORI-UF THE INDEPEN'DEN'I, AUDITORS TC) THE NIEThIBEIIS OF
N-c0{PAsS TOWARDS A BRIGHTLI R FUTURE
LIMITCI D
Matlers oil ivliilh are MlI.eI to ieport bv exL¥ption
Wi liiive n(Iihiiig lo repon in re%pcil ()f Ilic f(illi)wing 11lklllcr8 wlicrL Ilic C<)nii)(liii¢S Acl 2006 reqiiires us l(1 rLporl lu yoii if, in
our opinion..
ad¢qiiale accouiiliD&Tr re¢oT
REPORT OF THE INDEPENDENT AUDITORS TO THE MEMBERS OF N-COMPASS TOWARDS A BRIGHTER FUTURE LIMITED
Use of om· 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' rep01t 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.
Paul Woodburn FCA (Senior Statutory Auditor) for and on behalf of Wallwork Nelson & Johnson Chartered Accountants & Statut01y Auditors Chandler House 7 Ferry Road Office Park Riversway Preston Lancashire PR2 2YH
Date: 26 June 2024
Page 9
No[PASs TC)WAIIDS A BRICHTER FUTUR LIMITED .s'rAI'b:MENT OF F INANI."JAL ACTIVITIES {INC.'I)III'OIIATING IIN INCI)ML IIND EXPF.NI)II'VRE ACCC)VNTI F()R'l'llb I'LAR LNDb.l).11 MARCH 2024 311J124 lJnruiri¢i funth 3113123 Toknl tKb Noies INI.'C)hlfr. AND ENDC)Il'Mb.N'l'S TrROM Charlt*l)le actitieS A(IviK¢lLy C.ou118¢11in8 Curei 1.611.708 337.2%1 4,257.568 1.730,448 371.C)12 4.541.¥59 A¥liviii¢s furgtcneraling flin IiivLslicThI incun 27.160 40.2(NI Tolil 6245,376 6,684.119 EXPI.NDITURE OIY Adv()e1¢Y C'viinscllin¥ 1.927,634 402,5U3 3.939.CTr96 26.(NKI 7.496 I,X29.558 3¥0,441 4.-198.761 52.0(Ml 42.504 Payn)1113¢n¢hmarking ('enlral Seryicc Improvemenls Total 6.31)3,329 6,703.2CA Ncl ¥#InlIsses) on invesMK'nls 26.435 {3.168) NET IIYC()NIFJIEXPENDITUREI (31.518) 122.313) Rb'C()NCII.IIlTIUN UF FUND 1.097,779 1.120,092 T()TAL FIINDS CARRIED F()RIVARD I.IKJ6261 1.097.779 T11¢ N(Jtc% fvrni parl of 1hC fiiiiinriul %iJl¢mmils PiibTL 10
N-COMPASS TOWARDS A BRIGHTER FUTURE LIMITED
BALANCE SHEET 31 MARCH 2024
| 31/3/24 | 31/3/23 | ||
|---|---|---|---|
| Unrestricted | Total | ||
| funds | funds | ||
| Notes | £ | £ | |
| FIXED ASSETS | |||
| Tangible assets | 12 | 1,750 | 4,983 |
| Investments | 13 | 273,268 | 246,832 |
| 275,018 | 251,815 | ||
| CURRENT ASSETS | |||
| Debtors | 14 | 558,685 | 306,114 |
| Cash at bank | 774,213 | 1,200,447 | |
| 1,332,898 | 1,506,561 | ||
| CREDITORS | |||
| Amounts falling due within one year | 15 | (541,655) | (660,597) |
| NET CURRENT ASSETS | 791,243 | 845,964 | |
| TOT AL ASSETS LESS CURRENT | |||
| LIABILITIES | 1,066,261 | 1,097,779 | |
| NET ASSETS | 1,066,261 | 1,097,779 | |
| FUNDS | 17 | ||
| Unrestricted funds | 1,066,261 | 1,097,779 | |
| TOTAL FUNDS | 1,066,261 | 1,097,779 |
The financial statements were approved by the Board of Trustees and authorised for issue on 26 June 2024 and were signed on its behalf by:
C Scivier - Trustee
The notes form part of these financial statements
Page 11
N-C.OMPASS'I'OWARI)S A IIRIGII'I'LR FIITIIRE LIMITF.D CASII FLOW STAI'LMENT FOR THE Yr.AR f4 NDED 31 MARC.'112024 3113124 311312.3 Notes Cllslj flvivs (1.0111 01)er#tliig Activilies {436,1441 415,675 Nel ¢a5h Iiised illypivid¢d by opei?lin&t a¢liviiies 14.36,1441 415,675 CM$h floH'5 fi'om iiii'¢5ting activitie5 Purcliiise of laiigjible fixcd assets Piirchase orrixed asset invesliiieiits Inieirst received 11.7491 1250,0001 11,659 Nel cash provided bylli15ed ijil iiivesliiig activities 9,910 {250.al Change in cAsh and eash equivalents Iii the 1426,2141 165,675 Cash xijd cAsli equlv#lent5 Ilt the b¢ginnlng 1,200.447 1,034.772 CAsh #nd cash equtVAleiits #t the end of tlje 774,213 1,200,447 I'lie tleS fonn i)art of these fiiiancial staleineiils Pau>e 12
ly-colPAsS.j.UWA1lDs A IIRIGIII'EII TrIITUIIE LIMITEI D NOTES TO THE CASH FLOIV STATEMENT FOII I'IIE YEAII ENI)EI> 31 MARCII 2024 RECONLII.IATI()N OTr NbT F.XPF.NDII'URE TC) NET CASH bLUMI FRUM OPERAI'ING ACTIVII'IES 3113124 3113123 Nel txpeiiilitiire toi. th¢ reportlllE perlod141S per the Stntenient Ol in#neial Aclii'iti¢$} Adju$tmeJit% fnr: Dcprccialioii cliargcs ICJaiiilll0sse% i)n inveslmenis InteLt.41 received IlnLT¢J%cydcci"cu5e iii dcbtor¥ DccrcLiSC in LrL.dili)I'b 122,3131 4,982 126,4361 3,168 1252,571) 1118,9421 4YD.113.1 157,9991 Net ch lu$ed in)Iproi,Ided b). operatlons {436,1441 415,675 ANALYSISOFCHANGES IN NF.T FIINDS Al 114123 Casji flow At 3113124 Net Cash C.a%li al baiik 1,200,447 1426.2341 774,213 (426,2341 774.213 TotAI 1.200,447 {426.2341 774,213 Tli¢ iioles lonm pai'l ol'ili¢%e lijiaiicial sldleiiienl$
N-CON.IPASS'I'I)WAIII)S A BIII(:II'I'LR FI1'I'UII. LIMITED NOTES TO THE FINANCIA1..$TATK18pr8 F()R THE YEAH ENDED 31 MARCII 21124 SI'ATUT()RY IN'FC)RMAI'II)N N-Compw$ lowards a brighi¢T fuNrc Lin)itcd 18 re¥1¢d a$ a charilable compny liiniied by 8uarnnlcc. Ind is doniicilcd bn Ilic UK. In ilie evenl of the cliarilsble coiiwany beinb7 wound up. the liability in ieyKcl of Ilie lorlitte is limited 10 £10 11)embei of Ihe ¢hJriiable coinpaiiy. The TTu%lee% the Me]be15 of Ilie rhaii13bl¢ ioiiiimiiy. The chariiablc Loinpany's rcbiisicird iiiiinbcj. prinvii)tsl i?Ifice are as hclow.. Regisi¢iL'(I C'liiirity iiuiiiber.. 11211809 Registered ComnY nuntrr'. 065210 prI1paI 01Cc-. l Edward Vll Qiiay. Navig£liiUJi W4y. Ashion-On-Ril?ble, Preslon PR2 2Yb AcCOu,1.[NrI P(11,IClb,S BAsi5 of prtparlng Ihe finAntll slAlemeDts The fi[nl11 slalcincnls of Ihc chariliible euiiipany. which is a wibliL benefit eniily und¢1 FRS 102, hav¢ been prewred ii) aiixJrdan¢e willi Ihc C'hJiilic5 SORP IfR8 1021 'AcLI)Illliiiig and Rewirtiiig l)y C'lidriiie%.' Slthleiiiciil ()f Rc¢otiiiiiendcd Praclicc applic8blc lo cliariiies pr¢iMIiii8 I11r accoiiiils in accoTdaiicc iviili Ilic Finaiicial Rei)i)niii& SiJJidai'd l U2 .1.11¢ FiiiJii¢iJl RLp011iiig Standard ill)plicJblc iii Ihc IJK ancl Repiiblic of Iirldiid, fjiid the CoiiipJiiics Acl 21)116. Thc fiJiiiiiLial stalcii)enis huvc bccn i)rcp£ir¢J ijndcr ihc hisloriL411 cost convcnlion. wilh IIK exLewil of iIIV¢51iii¢nls wliicli ar¢ itKluded al lirke1 valLK. as iimxlificd by Ihc rcva1ualii i)fc¢tlain ass¢. Thc presenlalion currency of Ilie financial 51atwiienls is Ilie pound sterling 1£). Thc Trnslecs Lutisidcr Ihal ilhcjr 4Llf IIU IIILileridl IlJlL¢rt4inlies lbOUt ihc Chai'ily's ability to conliniie ys a going LOIILfm. No signifJ¢Jnl judg¢m¢nls liave hod lo nwle by Ihe Truslees in preparing Ihcse financial slatennIS. IncMe All inCnC 15 ¢[)gniSed iii Ilic Siaienknl of Fiiiancial Acliviiies once ihc cliurily Ims ciiliilcii)cni li) Ili¢ fiiii(18. il Is probable Ilial Ilie iiicoiiie ivill be received aiid the aiiiuuiii can be iiiea¥iii'ed I'eliably. Wliei'e Ilie Cliai'ity iinilcrluke dLflrd Iv a fuiiirc pcriiNJ ur¢ cunithincd in n(Trlc 15. TIIL%C Illll(Jiints will b¢ r¢l¢a%¢d ti) pwj¢rls it) Ili¢ ioiiiitlg y¢ar. Expenditure Liabilities arc lU15¢xl as cxpid111lTt ils 500n as tIILIL 15 11 It¥¢il ()T COI)%IIiiLliv¢ i)bligiilivii ¢1)11111111iinbJ 111¢ clicll'ily 10 Iiecl(liiigs Il)al ugu¥iY¥iale all cost relul¢il lo Ihe calcLlQly. wIlT cost% cannol be directly alliibulcd to particulai hdin Ih¢y lihi'c b¢cii lI1{ted lo Jciii'iiies IL ¢vn¥isiei)I Wlih Ihe usc of r¢s4Jurecs. T*ngiblc fixed A51c15 l)¢wrriJlioii is1)iiivid¢d ai th¢ fiTrlliTrwing uiiniial rnies in onlcr io iirritc (iff ca¢h 11s$¢l over ils ¢sliiiiiil¢d iisctiil lite. TaxAlion TIK Lliiirily is cxcthipi froni corFrf>ralion lux ijn ilscliarilablc arlivili¢$. und A¢founllng Reslri¢led tund% (Triily be used for porticular re51ri¢l¢d puwes iyiiliin the objects of IIK churity. Rtslrielions ari¥e when Specifieil by Ihc donOrWn funds" arc raised for particularrcstrirl¢d plirtX. Flirt1r¢xP1anaI]thI i)fIl I111T¢ and i)lir)Be oftrJcli fund 15 iiieliidcd in Ilic nolcs Ip Ilie finaiKial slillelllcllls. PagL 14 Y)nlinucd...
N-i.'()ri.IPAS,S'1'UWAIIDS A JIRIGFITER FUTURE .IMITfi D NOTLS TO THE FINANCIAL STATEhlENTS- fonlln¥ed FC)R THE YEAR ENDED JI MARCH 2024 ACC()UNTING POLIC]- tODtinued Supporl costs Siii)i)c)11 L(>sls arc Ihose [110¥ Ihdl as$i$i Ihe work uf Ih¢ Lh#rily bui du nvt direLily Iiiidcrtak¢ Lharii4ble llLliviiies. Siii)IK)rl cosls includc baLklTICe costs, fiNbtlLe. pcrs4>nncl, l%hyr()1181141 govcniance Losls wliich SLlPI?(lrt I1 Chariliey obj¢¢iives. Sw)rA)n ¢04$ Iiav¢ b¢¢n all*ralcd lo aclivilic5 on a bu%15 consi51cThl iviih I1 usc of re¢¢$. AC'fiviTIES FOR GTr'NLRATING TrUNI)S 3113124 3113123 Srt¥leiit pla¢emenls 27,160 40,2(K> INVESTMENT INC()NIE 3113124 3113123 tkp)%ii a¢¢ouni Inle I(KI YD of inveslmcnl income is tel#ieil Its as5ds held in Ihc Unilcd Kin8dom. INCOME FROM CHARITABLE ACI'IVITIES 3113124 3113123 Advocacy Cuiinsclling Car¢J ,611,708 337,281 4.257.568 1,730,448 371,612 4.541,859 6,206,557 6.643,919 CIIARITABLEACTIVITIES COSTS Dir¢¢l C'o518 Advocacy C.ouns¢lling C8r¢rs 1.927.634 402.503 3,939,696 26,IX>D 7,49() C.'ci)Irul SetViLe IIiJpT()iy¢IMeiilS 6.303.32Y Ptiyr(>ll BlL1711711'k1l1.. excrcisc li> C115UTC Ilial ()iir lrieS are fair in t1)nipuri57 10 5iii)iknr n)Ics iii our sector. tILC finaiKc fiinclion. PiibJC 15 ronitniicd..
N-C()1ASS.1-UwA1IDs A BIIIGIITER FUTUIIL LIMITf4 D NO'I'b8'fo THE fiNANCIAL STATEhqENTS- continueil FOII'I'IIE YEAII ENDED 31 MAIICH 2024 NE'I, IIYCOhqEIIF.XPENDI-I'UREI Ncl inc¥)Ihcllcxi?cnditurcl is slai¢d aftei- cliaTb7iiiLllcrediiiii¥l: 3113124 3113123 4,982 69,498 11,986 72,178 Opei?iinu7 ILasc5- Plfllll%¢S TRUSTEES, REMUNF.RATION AND BENEf4lTS Tliere K'ere Ji(¥ Iruslees, IEJiiuiJerJlioii OT OtheT beiietils for the year elided 31 Mairh 2024 nor foi- the year ended 31 March 2023. Trust¢¢S' ¢XPC115es TIILrc wcrc ii(I IriL8leo%' LXpcD paid for ilie yejir ¢n(l¢d 31 MarLlI 2024 noi. foi. Ilie year ende(l.I I MuTLlI 2023. STAFF C(ASTS 3113124 3113123 W&L>es an(1 saliiries 3,543,121 291,248 313,974 3,686.61)8 301,a80 338.135 45,80 29,543 Oili¢r lIS1Oj7 costs Reduiidan¢y c051s Oihei. eJi)ployec betJ¢1115 32.242 4.188,346 4.4ai.256 Tlic averalte 11)01)Ilily iiunibci. of ci)Iployccs duiiiig Ihc ycar ivas as follows.. 3113124 123 3113123 1.15 Oili¢r 138 150 3113124 3113123 £6O.001- £70.000 Pcii8jOII CV51s arc allocaied lo a¢iiYilics in piDwrlioi1 10 Ili¢ Irlaicd siaifiiig co%1.% incurr¢d and are lyltly cliaiEed 10 'lic k¢y ii)dn(Igyc)i)cnl pLrsoiiiiL,I vf IliL C'111r1lY LOtiii)I'isL IliL' Tiiisl¢L¥. IIIL. Cliicf F.xceulive ()(fiLLI-. IIIL ScrviLCS ciiii)li)yre bcEicfil8 ot'ilic key liiJJlcigLiJiciII pei'soiJiicl ol'llie Clidrjiy ivL'ic £2C>(J.2O2 12023.. 1297,5931.
N-COMPASS TOWAIIDS A IIRIGHTEII FUTUIIE LIMII'LI D NOTES TO THE FINANCIAL STATLMbN'I'S- tonlinued FOII THF. YEAIi LNDED 31 MAIICH 2024 STA VV C(ASTS- ¢ontiniied Tli¢ %verLigc inontlily liead¢aunl in Ilie pcriDd iva5 I() %laff12023.. 1751. 10. COMPAIIATIVES F()11 THE STAT'EMENTI)F FINANCIAL ACTlVI'fiES Unrcstrictcd fuiids INCOME AND ENDOWMENTS FROM Chnrit4Trble actlvllles AdvucuLy 1.730,448 371.612 4,541.859 Carers AcliVl1i¢S for generaliiig fiind 40.200 Tolal 6,684.119 EXPF.NDITURE ON C.h#vitgble activitie5 Advocacy Coiii)5clling CarcTS Payroll Bcnchmarking Ccniral Servi¢e linproireii)enis 1,1129,558 380,441 4,198,761 52,000 42.504 Total 6,703,264 Nei gllinslllosses) on ii)vestin¢nls (3,168) NET INCOMEIIEXPENDITURK) 122.3131 RECONCILIATION OFTrUNDS T(yfAI. FUNDS CAIIIIIF.D FORM'ARD G()VF.RNAP4CE COSTS 3111124 3113123 I,IHo 5,148 99U 4.680 6,188 5,670 CiOVCI'iiancc ci)$18 arc allocalcd 10 d¢iiviiies iii proi)urfil)11 10 Ilie Irlalcd %laifiiig tos1% iiiciirrcd and are iv111y cliaY¥eil lo iinre.4iri¢ied fiijids. PdblL 17 continii¢d...
N-C()N.IPASS I'UM'AIIDS A IIIIICII'I'EII FUTUIIE LIMITF.J) N()TES I'O THE fiNANCIAL STAI'ENqFNTS- conlinued FUII TIIE YEAII F.NI)CI) 31 MARCH 21124 12. I'ANCIBLF. Fixf4 D ASSEI'S Office TolJls COST Ai i Api'il 2023 Addilioiis Disi)0sdls 88.7%4 88,784 1,749 15¥,61J31 1,74Y 15¥,693} Ai 31 Marcli 2a24 1,749 30.091 31,840 DEPIIECIA1'10N Ai l April 2023 C.'haigTe foi. year Elin)iiialc(l tsii disposal 83.801 4,982 158,C)93} 83.801 4,982 158,693} Ai 31 Mllrch 2024 3Q,l)90 30,090 NET BOOK VALUE Ai 31 Miircli 2024 1,749 1.750 Ai 31 Mar¢1) 2023 4,9%3 4,983 13. FIXED ASSET INVESTMENTS Lisicd invcstin¢nls MARKETVALUE At l April 21123 Revi)liialion 26,43C) Ai 31 Marcli 2024 273,268 NET B(IOK VALUE Ai 31 Mairli 2024 273,268 Al 31 M£1rch 2023 24(),832 Tljeji weir iio iiiveslineiil asseis wi%ide Il)¢ UK. Co%1 t)i- I'aliialioii al 31 M£irrli 2024 is TCPIEbcnlcd by.. Li%l¢d 2C1.4.ICI 250,DOO c.ost 273,268
iy-c()r4.IPASS T()WAI
N.CO.[pAss TOWARDS A BIIIGlI'I'b-ii fi Ii'ruitE LIMITLID NUI-ES TO I'HE FINANCIAI, STA'fETr.IFN'I'%- tontiiiued ()R THE YEAII F.NDED 31 MARCH 2Q24 17. M()VEMENT IN FUNDS- ¢untiiiued Nct iiioveJi)¢ni iii futids, includcd in Ili¢ abovc are as fDIIoiv%', R¢.%oiiires exi)cn(Ic(I Moveti)eiii in fiinds rcsoiiiL¢5 Geiicral fiin(I C¢iilrul Sei'vicc.% Inii)iilv¢iCnI l>r(ijL'CI¥ Payroll Bciicliiiiarking 6,245,376 16,269,¥33) 17,4961 (26.110(1 26,435 17,49(?I 12C),OOQ I 6.245,376 {6.3U3,3291 26.435 TOTAL FUNDS (),245,370 16,303,329) 26.435 Comp4?rlltii'es lor moi'¢meiil iii (uiid5 Ncl 11)ovcii)cnt in fuiids Trdii%f¢15 bclivceji liinds Ai 114122 3113123 Unre$ti'lile(I funds Gelie1[ hind CeJiliJl Sc]vic¢s Iinproi'cinuil Projccrs Payj'oll B¢nLIiilk1j 1,070,092 50,000 72.191 142.5Q4) (52.000) 178.0001 I,OIA,283 7,490 26,11(K) 7¥,IX>O 1.120,092 122,3131 1,097.779 TOI'AL FIINDS 1,120,092 122.3131 1,097,779 Conii)Lll'alivc nct nii)v¢iiieiil iii funds, iiicluded in Ihc abovc are as folloivs.. Inii)illin¥ resoiir¢es Rcs(Iiircc8 cxpeiidcd Move1¢1]1 105SCS Uiii'L'$li'lited funds Gciieral fuiid C.eiilral Seii'ices Iiiiproveiiieiil Project. Payroll Beiichinmiking 6,C)84.119 Ici,C?n8.7601 142,504) 152.UOOI 72,191 142,5U4} 152,11001 C>,()84,119 ICI,7O3.2641 {3,1681 {22.3131 'I'C)'I'AI. FUNDS 13.16¥1 122,31.11
N-CN)NIPASS T()WARDS A BRIGII-I'LH bll'l'URE .IMITF.D N()TES TO THE FINANCIA1..STA'rg1KNP•- conlinued ()11 I'IIE YEAR ENDED 31 MARCII 2024 17. M()VEMENT IN FVNDS- conllnul Nel I0ve1]Icjjl Trdiislei's beiivcL'Ii fuiid Ai 3113124 Al 114122 Unre51ricied funds GcncTal fiirKI C.enirdl Setvices liiiprovcii)p)I Proicc Payroll Benchn)arking IT IiifrJsituriure aiid thith Siraie 1.O7(b.lJ92 50,IKX) 74.169 {5Q.¢MKII 178,IMJ)I 1158.IMKbl 986261 78.IN)O 80.(KKI ,120.092 153,8311 1.006,261 TUTAL FUNDS ,1166,261 A cllntnl year 12 monih$ And prior year 12 nnth$ ¢oi)Ibined nel I0¥¢11171 iii fvrKl% included in Il)e above are as lollows.. InL()i))in¥ rLsources RcY?iirr¢s exrrtnded GdiJL% ai losses Mc)vLIiKIii iii fu Unrestrltted fund$ Gcncral fiiiid c.eiiiral SeiviLt% Iii)i)iuveniciii Projeeis 12,929.495 112.878.5931 150,0001 178,0001 23.267 74,169 150.0(N)I 1711,(M)01 12,929.495 113,00(),5931 21,2(17 153,8311 TOTJIL FUNDS 12 C)2(),41)5 2.3,2(17 153,X311 The Board of TTu%lets 8N)roved two proiecls for wliKli IIK first-year wsls were to be 8llo¢•ted lo Designal P&yr()11 r4clichnini1l¥'. an cxcrcisc lo crkwrc Ihal oiir salarics &re (1r in C¢MnpBrison to similar rul0% iii seclw. C.eiilr)I Scii'ice Inii)roven)en14.' 10 ii)Iplemeiii cliange.% 10 Ilie recruiinieni pro¢e85, h¢alih and safety nianageinenl and 18. RF.I.ATF.I) PAII'I'I, I)ISCI.OSURES Tl*rL' We nu lI11L1 purfy Iian5ilLlion¥ fui yCilT¥ LI1..7 l MtirLlI 2024 iiiid I l M(IrLlI 21123. P#gc21