COMPASSION PRISON MINISTRIES FINANCIAL STATEMENTS FOR THE PERIOD 1 FEBRUARY 2022 TO 31 MARCH 2023 Registered Charity No. 1181943 Company Registration No. 08348123
COMPASSION PRISON MINISTRIES INDEX NUMBER TRUSTEES ANNUAL REPORT INDEPENDETr EXAMINERS REPORT ATEMENT OF FINANCIAL AlTIEs BALANCE SHE srATEMENTOF CASH FLOVIS 9-16 NOTES TO THE ACCOUNTS
COMPASSION PRISON MINISTRIES Financial review Total income for period to 31st March 2023 was £587 less total expenditure £4.784 resulted in a deficit of £4.197 for the period. Inveslment wer3 and lic The trustees, having regard to the liquidty requirements of operating the charty. have kept available funds in an interest-bearing deposit account Reserves and oln concern The balance held in unrestricted reserves on 3181 March 2023 was £12.689 of which £12.288 vRre free wrves after allowing for funds tied up in tanglble fixed assets. Totsl funds carried forward are £15.733. The trustees aim to maintsin free reser4es in unrestrlcted funds at a level which equates to approximatety three months of unrestrictsd charitable expenditure. The trustees consider that this level will provide sufficientfunds to respond to applicalions for grants and ensure that support and govemance costs are covered. Risk mana ement The trustee8 have conducted a review of the major risks to which the charity is exposed, and systems have been established to mitigate those risks. ointment of trustses AS set out in the Artides of Association trustees are elected annually by th8 members of the charitable company atlendiNJ the Annual General meeting and serve for a period of 3 years. TruBtso Indu on and trainin Training arKJ envisioning for the Irustees are planned for 2023r2024 and in prOS5. anlsatlon Th8 board of trustees administers the charity. The board nomially meets bi- monthly by zoom. A Chief Executive is appointed by the trustees to manage the day-to-day operalions of the charity. Related arties and Cowo oration with other sa None of our trustees receive remuneration or other benefit from their work with the charity. Any connection between a twstee or senior manager with any servi provtders must be disclosed to the full board of trustees in the same way as any other GontreGtuel r¢ltitionahip wilh a reloted party.
COMPASSION PRISON MIN15fRIES Trustses res onslbilitie8 in relatlon to the flnancial statements The charlty trustees (who are also the director5 of Compassion Prison Ministries for the purposes of company law) are responsible for preparing a trustees, annual report ' and financial ststements in accordance with applicable law and United Kingdom Accounting Standards (United KirffJdom Generally Accepted Accounting Practi). Company law requires the charity tntstees to prepare financial ststements for each year which give a true and fair view of the state of affairs of the charitable company and of the Incomlng resources and application of resource4 includlng the Income and expendilufe, of the charitable rnpanY for that period. In preparing the financtal staternents. the trustees are required to: Select suitable accounting prinGiples and then apply them consistently. Observe the methods and principles in the applicable Charities SORP. Make judgments and e5timate5 that are reasonable and prudent. Stats whether applicable accounting standards have been followed, subject to any matsrial departures that must be disclosed and explained in the financial statements. Prepare the financial statements on a going concem basis unless it is appropriate to presume that the charity will not continue in business. The trustees are responsible for keeping proper accounting records that disclose with reasonable accuracy at any time the financial position of the charity and to enable them to ensure that the financial statements c(xnpty with the Companies Act 2006. They are also responsible for safeguarding the assets of the charity and taking reasonable steps forthe prevention and detection of fraud and other irregulartties. By order of the board of trustees Clive Wh"tttle Chair Dats: 6th December 2023
Independent examfiDeV8 report to the trustttl of Comp&45ion Prison knishies I ryort on tbe accounts of tbe compw for the period l¥t Febnw 2022 to 31# Marcb 2023, which are set out on pages 6 to 16. Respeetive reyponsibilit of trustees and euminer The trustees {who are also the directors of the company forthe purposes of company law) a responsible for the preparation of the accounts. The trustees CODsider that an audit is not required for this year under section 144(2) of the Clwiti¢s Act 2011 (the 2011 Act) and tIt an xndependent eXamiOn is needL The charity is requirni by company law to prepare accn*d accounts and I aEll qualified to undertake the exami0 by Ixing a qualified membtt of The Institute of Chartered Accountants in England and Wales. Having Sisfi1 myself that tbe cl]arity is not subject to audit under company law and is ¢ligible for illdepen exami0 it is my Tesponsibility to: exami the )llts under section 145 of the 2011 Act" to follow the prowlures laid down in the genetd Dir¢Gtions giverL by the Chatity Commission under section l45(b) of the 2011 Act. and Basis of independent ewnlner'8 report My exaD]iDaÉion was carried out in accordance with the general Direclions given by tbe Charity Con]mi5sion. An examiOn Includ a T¢view of the aLKounttng r¢cords k¢p¢ by the charity and a compari50n of the accounts wesethed with those record& It also includes from you &s trEL8tees concerning any such n)atteTS. The proc&lures undertaken do not provide au the evidence that would be Tequired in au audit and consequentty no opinion is given as to whether the accounts present a 'true and fair view. and the report is limited to those rn&tters set out in the statement below. Independent examiner's 8tat¢ment In CODn¢ction WAth my examin0 JK) has come to my attentio (l) which giv me reasonable cause to IlIeve tbat in any material respect the requirements to keq) accounti8 records in accordance with section 386 of the Companies ACÉ 2006. to prepare awounts which accord with the accounting r¢coth comply with the account?ng trquirements of sectkon 396 of the CompaDia8 Act 2006. . and with the methods and prAncipl¢s of the Statement of ReCoended Pwtice: Accounting and Rewting by C]Jarities have not been met. or 12) to Whic in my Opinio attention should be drnwn in ord¢rtrJ enable a prop understanding of the accoullts to be rbed. ita KiDg FCCA Cornrnunity Arxountsncy S¢Tvice Ltd The Grang< Pilgrim Drive Beswi¢L Man¢lwter. Ml 13TQ Date: O DeCethb 2023
Ctxnpas51on Pr5son Mlnlstrie5 OFFI ctAL ACTivm FOR UARY2022 T ARCH 2023 inL>3me and PERIOD n1 Tofal Fund# Totsl Funds rfod1 February Year Endtd Fund8 Fund IOme from: Donallons and legaths Chaiitablo Acaivitl05 Inve8tmont InG¢)mg 13) (4) 558 1.188 29 29 587 ¥199 Expendlturg on: Charit8b16 Aetlvi1108 Totsl (61 1379 1,979 4.784 d.784 S.231 5.231 Ngt Incornellexpondltwg) 113921 12W51 14.197) 14,0321 TrafS bet*wn fund6 (14 rnovement In fvn {L3921 118051 14.1971 14.0321 R•conelllatlon of fund• Totgl fund8 broughtfoNryrd (13) 14061 19.930 23,962 Totsl fund# eabTlgd fonwdrd (14 12.669 19,930 Th8 $taknent offmanaaj activth¥ IndUd 1n$ and Ioss66 recognised in theyear. AJI injme and notes on pageB 9 to 16ftym p•t lIge a(%nts.
Compassion Pri50n Mini5trie5 BPIANCE SHEEf AS AT CompHry R•g18trntion Ntsml>er. 08348123 20t Flx•d ass?ts: Tarjglbk assets Totsl f1 asgets 110) 381 381 CurrBrtas8ets: (111 510 15.ThJ 16.300 Cgsh at Ba 8 in HaTr Total ojrrent èssets 19.054 20.949 Uabilitie8'. Credltors: Amounts fallng (knvAlhln ona year {12} 1.ir20 Net curwlt assets or 15.352 19.W29 Tthl a%sets18ss ciirr¥rt li8bthb•s 11733 19.930 T¢)tal netas8el¥ or Ilablll¢le 15.733 19.930 Th• funds ofthe charfty: unreStrted income funds (13} 12,869 14,061 Restricted incomefunds (13) 5,869 Total tharltyfunds 15.733 19.930 Forthe period In questlon the company was entitled to the exemptlon conferred by5ection 477 of the CompaniesAct 2LK16. andthaE no notice has been dEptsslted undèr section 476 in relatlon to its accountsforthe ftnanc5al year. and the directors acknowledge their respon5ibilitiesfor. - complylngvAth the requirements of the C£JmpanlesAtt 21X)6 with respertto accounting records and the preparation of accounts. These accounts have been pffjpared in ¥cordance with the prov[slS •ppllcableto CoMpan$subJetttOthe srnall cffjiang reglme. Approved tythe Inlees ¢)n 6th DeMber2 NonTM Cllve Whftue Thè nots8 on paw 9 to 18form port ofthese
ompos*n Prfxm Mlnlsirles Statement of Cagh Flo forthgyearendlng 31 March 2tr23 Perlod 1 Fobruary Y•ar Ended
)22 tr• 31 31 J•nuory Mgr¢h 2023 Reconrlllotlon of nEtMmn1 In fund¥to nEtashfluwfrom opuath4T•Ell¥ltles Net mDvementin funds Deduct investment income Depreciation Decrea5ellincreasel in debtors Increaselldecreasel In cdItorS Net cash used In operat[ actlblile5 (4.197) {4.0321 (11} 127 2.191 14201 12.2721 {721 P.7861 Interest PuTchase tsffc<8d 8888ts Mot cash pro¥lded lry InveJtlng aGll¥lllo• 1507) 1478) 11 Increasel{decreasel in and cash equivafents dwing the ypar (3,2841 (2.2611 Cash and cash equivalents browjht lon[d 19.054 21.315 15.790 14064
Qxnpa5s1on Prlson MlnbtrJ¢s Notss to the for1 porfod 1 F•bwuary 2022to 31 Mar¢h 2ff23 l. pollde5 lo) Basls of prepaTrtiun and a55essTh of goIn8U)nrn The accounts lfinancral statements) have been prepared underthe hlstorfcal costconvention wtth ftems recognised 8tCO# ortrdnsactton Irdlue unless otherwise stated in the relevant notestothe5e account& The financi31 ststsments have been prepared in cOrdancew1th theStatement of Retornrnended Practice.. Accountingand Reporting by CharttiespreparinEtheiraccounts in a¢¢ordancewlth the Financial Reporting Standard appllcawe in the UK and Republic of Ireland IFRS 1021 issued on January2019 and the Financial RePDrtI Standard appllcable inthe United knnBdom and Republlc of Ireland IFRS 1021 andthe Charltles Art 2011. The charity constitutès 8 publlc benefitentttyzsdeffined by FRS 102. The trustee5 tonsiderthatthere are no materfal uncertainties aboutthechartty's abiltyto conttnue as a going concern. {b) Fut¥l8 8tru¢tuY• Re5trittedfvnds are ftmds which are to be used in accordanceTlthspedfic restridions imposed bythe donor or t[lt deed. There Is I res[rt fund. Unrestricted income funds comprlse those fundswhlth the trustees are free to usefor atw purpose In furtheran ofthecharitable Objec Unrestritted funds indth4e de98tlUndswherethe truste4 at theirdis¢retion. have created z fund for a specFfic pwpose. Further detalts of each fund are disclosed in note 13. 1¢) Income rerognftTon All income is recognised ono the charity ha5entltlementto the Income. It Is probablethatthe Income 11 be received andthe amountof Income receivable can be measured reliabty. Donations are recogrHsed when the tharity has been notified in writJn8 of both the arnount and settlement date. In the event thata donation is subject to tondition5 that require z level of performance before the Char ts entitled tothefunds.the Income is deferred and notrecognlsed unt51 eitherthose conditions are fully meL orthe fulfilmentof those conditiLffis Is whomywithlnthe control of thè dmrity and it is probablethatthose conditionswill be fvlfilled inthe reporting pertod Inte5t on fvnd5 held on dep05iti5 induded when recepRble and thE zmountcan be measured rellably bythe charity. this is normally upon notlfftcatlon of the Interest pald or payable bythe bank Dividends a 1ecwed oncethe dividend has been declarÈd and notification has been received of the divtdÈnd due. Id) Eypendlthre AetLynll>n ilablllties are recognised a5 expenditure as soon as there is a tegal or con5tnJctiveoblrgation commitli the charitytt> that èxpendttu. It 15 probable thatseteMerttWil1 be reqtsl and amowrt of the obligatlon tan be measured rellabty. All expenditure is accounted for on an ac£ruals basi5. expenses includlngsupport¢ostsand goveman tosts are allocatsd 0rapporti(ed tr thp applicable expendityre headlr%s- For more inf0m110n onthis attribution referto notè In below. {el IrrecoverableVAT Irrelable VATIS tharged aHaln51the expendlbjre headin8forvknlch itwasincurred. Ifj AIIoc8Elon of supgortand governats r4Jsts Support costs have been alhxated between govemance Costs and othersuppOCrtsLs. GLryernante costs ¢omprfse all costs Involvin8the publlc accourrtabllsty ofthe tharlty and its compllancewth iesulatlon and good practice.The5e costs indude costs related to independent exarnination and le8alfees tOBether. Govemance costs and support costs relatingto charttsble actlvities have been apwtloned ba*d on type of expense. The allotIOn of supportand governance costs ts analysed In note 7.
Compasslon Prlsan Mlnlstrles io Notsstothe a¢couTrtsfortheperfod l Febnwry 2022to31 Mar¢h 2023 Costs of ralslnBfvnds The costsof rai5ingfurtds cgnsislsof licencefees. bad debts aTh4 eventtosl& (h) Charllable Acl1¥ Costs oteharftable a¢eS Include govemance costs and on ¥>portionmentofsupportcostsas shown In note 6. IJL Tangiblefixed aS*tsand depredati All assets costfjng more than£W are capotallsed and athlsrofical COL Depreda¢ion Is thoryed on thefollowng basTrs: Equlpment 25% on ¢¢>st til Realised qains and losses All gains and10ssesaretskefttothe Statement of RnancFal Activibes asthey arfse. Reallsed83ins and losses on investments are cHl¢ulatsd asthedrfferente between sales proceeds and theiropenine carrylr value of theKr purcha5ewalue rfatquired SUbsequtt0thÈ first dayof the financial year. Unrealised gains and losses are calculated asthe dferen between thefaklue atthe yearend andtheirvaryin8 value. Realised and unrealrsed 1ThStment 8alns 3nd105ses are£ombined inthe Statementof Nnanclal Acuvltie (k) Debty Trade and otherdebtors are reco8nlsed * settlement amountdue afteranytrade dtscount offere(L PpaVrnents are Wdlued atthe amount prepald netof anytrade d55¢0unts due. )Credltors and Provl Credttorsznd provlsions are recognlsèd wherethe charlty has a presentobllgatlon UOngfroM a past event thatwill probably result in the tsznsfer of thefvnds to a third party and the amountdueto seuje the ob11yOn caD be measured of estimated re113bly. Creditors and provlsiorfjare normally reco1sed theirsettlementamountafterallowin8forarytrade dlscounts due. ThetrusteÈs all givefreely theirtlme and experdse wthout anyform of remuneration grother benefft in cash of kind12022: £nill. Expènw pam to thetrustee5 in the yeartotalled fnll1202L£njll.
Compasslon Prlwn Mlnlstyies 11 Note5toiheaccountsforthp pwlod l Fdwuary2022to31Marth 102> 3. Donatlon¥ and LBgac P•rlod 1 P•rtod 1 F•bruary 2ry22 F•bnwry %ri2 Febrtry 31 Alarch to 31 MaTrh 2022 to 31 2023 Offerings 558 558 558 SS8 PrroTYear i1nrnjtrf¢t Ro•bS¢ted Totsl Funds Year ErKled Y4vr Eded Year Ended 31 31 January 31 January January 2022 orrertngs In¢ome from chartlable actlvnie8 UnreBtrlcted ReJtrlct8d Totsl Fund8 February 2022 FEbrullry 2022 F•bruary to 31 Mah lo 31 March 2022 to 31 Mar¢h 2023 PriorY&v Ye•r Ended Yr Ended YwrEnd¢d 31 ¥1 January 31 Janu#ry anuary 2022 2022 22
NOtothe fortheperknl l Febru 2022to 31 Mayth 2023 Expendliure PeTlod 1 F?bn*ry Ywr Ended Charitable 2022 to 31 31 January Expondltuve ¢harflablo actmkn". Empjownent Costs Trainir#J Donalron8 Travd Exp8nse¥ Go¥emare Costs Support Costs Depreaalion Sundries 4936 220 1259 360 L936 220 1,259 645 869 127 2.136 127 4.784 4.784 5,231 Restricw Fd$ Unresttsted Funds 205 1.979 4.784 4.731 5,231
Compas$5on Pr550n mItrI•S 13 Note5tothe ac(owrts forthe perlod l Febmary 2112Zto 31 2023 & Anafy515 ofexpendltym on dwttablacthfft As per note 5. 7.Allocatlon of governante aSuppOrt Costs The breakdown of 5LlPPOrtCOSts and howthesewere allocated between govemance and other support Costs is shown below: Bash of opport¢onm8nt Ar£ountsncy F PAyroll Bureau Rent & R8tes Consuttan Complrter Solhyore Insuran 3f of •xponse typ8 ofew80 5(Kl ioc#) 478 146 2.736 type of eypen80 lype of e>pense 693 176 693 176 1.229 360 8. Anatys15 gf staff February YOJT End 2022 to 31 31 January March 2023 Wages and Salari8S srity Costs Penston Costs Th¢ average nu118r01ern ¢ktriDg the yw way Ipre¥S year nwj. The chaiity considers its key managunerrt pet80nnel CompYe5 the Iwstees. Thetot81 employment benefits, Includlng employerpenslon contributions of the keymanageMentpernel were £nil Ipr8Mous year £niD. No empw has benefits in exc of£,( Ipwousyaar. none). Th& payroll scheme dosed In June 2Tr. 9. Indep•ftdent Examlner Fee P•rfod i F•bN?ry Y•ar Ended 2022 to 31 31 January Il•rth 2023 2022 IndependeErt examlnallon fè•s Oil)er firw)L ser¥k¢s 360 612
Not•8 to thè a¢Munts forthe perbod l Febnwry 2tr22 to 31 Mar¢h 2023 10. Tanglbl• Flxed Aw•ts Ewlpmffit Total At l February 2022 Additions At 31 March 2023 4.951 507 5A58 4,951 507 At l February 2022 Ch?rge for Year At 31 March 2023 4350 127 5,077 4,950 127 5.077 NEf BOOKVALUE At 31 March 2023 At 31 January 2022 381 381 li ATraly515 of deb 2022 Prepayments 510 510 1.895 I95 Debtors and wepayThnts relatsd to unre5rrlrtedfvnd5 t)oth in 2023 and 22. IL cred5t0. omgyAtshlllnBdue wlth1nty8r Olher rmlitors and ac&wlB Taxation and $wal se(¥rlty costs 420 420
G)mpasston MlnFstrie5 NXu to tho acc)unts ftthe pwl¢xl 1 F•bnHry 102210 31 Ala 2023 13. knlysls of¢lwltsblefundB Balan¢• at 1 Ineomlng Re8ourc8s FebnMry 2022 Re8oure•s Exwided Tr4ngfvrn 31 March 2023 GeneT81 Fund 14.(1 14.061 {1.979) (1.979 12,669 12.e69 587 PrlorY•ar Balance at 31 January Balan at 1 Incomlry General Fund 13.wd 13.W2 1,199 14.(1 14.081 hlamo of ¥nr#strf¢t•d fund: General Funrj Tho rwwes. after allo for8H tsgpanated fiHK18 Analy41s ot rnovamoth In rnstrlctod funds Balance at 31 March Lottery Covld 5.889 5.869 (2.805> PrlorYe8r Balance at olnco at i Incon9 TMnohff•d 31 J¥nuary bnmry 2021 R•Bourt•s Expgnded to FoOdbk 2022 Blu Lotlw Fund Bhj Lot Covid We LO Menthe8tgr 200 IODJO (200) {4,131) 5.8 10.W) 14.731) Name ofrE8trf¢W ld. Big Lottery Covid Degcrfplon. natsro And pwpom dlhg ld Trwths (xmd support
Compasslon Prlson Mlnlstrles Nots• to th? ac¢owts forthe wlod 1 F01wuary to 31 Mvch 2W23 14. Analys18 of not ase•ts fundB lund• 2023 Totsl Tanglble flxed a88ets Cash at bank ond in hand Other netcuffent a6setslOtabJlbg8) Total 381 12.728 1438) 12.869 381 15.7 1438) 15.733 Prloryear %)22 Totsl TangOl& fttad a86ets Cash at b8nk 8nd in hand Other nèt cirr¢nta8setslOiabllltesl Totsi 10.716 10,599 19.054 875 19P30 13.362 10,800 IS. Finala1 Inslfuments Tre c*8rity onty has financ4at assets and fiobllll85 ofa ktnd ttmtqudlfy as bo8kfinandal Instnjmerts. Baslc Itnandal Irtstnhnents are knibalty reryjgillsed on a trans0d1 end Bubwuenty rneasured at thr setuemenl Yue wilh the ex• tyak loanswhrh SubswitrY maasured at an a1rby1i cost Using