COMPASSION PRISON MINISTRIES FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2024 Registered Charity No. 1161943 Company Registration No. 08348123 COMPASSION PRISON MINISTRIES INDEX PAGE NUMBER CONTENTS TRUSTEES ANNUAL REPORT INDEPENDENT EXAMINERS REPORT STATEMENT OF FINANCIAL ACTIVITIES BALANCE SHEET STATEMENTOF CASH FLOWS 9-16 NOTES TO THE ACCOUNTS COMPASSION PRISON MINISTRIES Re ort of the trustees for the ear ended 31st March 2024 The trustees present their annual directors, report and financial statements of the charily for the year ended 31st March 2024, which are also prepared to meet the requirements for a directors, report and accounts for Companies Act purposes. The financial statements comply with the Charities Act 2011, the Companies Act 2006, the Memorandum and Articles of Association, and the Accounting and Reporting by Charities.. Statement of Recommended Practice applicable to charities preparing their accounts in accordan￿ with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) (effective 1 January 2019). Reference and administrative information Charity Name.. Compassion Prison Ministries Charity Number.. 1161943 Companies House Registration Number". 08348123 Directors and trustees The directors of the charitable company (the charity) are its trustees for the purpose of charity law. The trustees and officers serving during the year and since the year end were as follows.. mana ement Norma Walters Clive Whittle Paula Sharp ersonnel: Trustees and Directors Treasurer & Trustee Chair, Director & Trustee Trustee only to the date of si nin Re istered Address Restoration House Beacon Centre Great Stone Road Stretford M32 8QS Inde endent Examiner Community Accountancy Service Ltd The Grange Pilgrim Drive M11 3TQ Bankers Royal Bank of Scotland Drummond House 1 Redheughs Avenue Edinburgh EH12 9JN COMPASSION PRISON MINISTRIES Structure overnance and mana ement Compassion Prison Ministries remains a company limiled by guarantee governed by its Memorandum and Articles of Association dated 4th January 2013. It is registered as a charity with the Charity Commission and is constituted under a trust deed dated 2nd June 2015. Ob'ectives and activities The objectives remain as in previous years to visit and support as many Prison chaplains and prisoners in the Northwest as possible. The charity aims to continue to utilise and equip over 30 volunteers to visit a revised list of HM prisons listed below. HMP Garth men's prison HMP Wymott men's prison HMP Hindley men's prison HMP Thorn Cross men's prison HMP Styal A review of our achievements and erformance The charity has been active in training in Prisons in the Northwest and beyond. PRISON MINISTRY VISITS All prisons in the revised list have been visited during the year. Plans for future eriods Further recruitment drives are planned and in process. Further training for new recruits will be carried in 202412025. A board re-structure will take place early 2025 with at least 3 new trustees and a replacement chair. Financial review Total income for period to 31st March 2024 was £620 less total expenditure £3,166 resulting in a deficit of £2,546 for the year. Investment owers and olic The trustees, having regard to the liquidity requirements of operating the charity, have kept available funds in an interest-bearing deposit account. Reserves olic and oin concern The balance held in unrestricted reserves on 31st March 2024 was £10,123 of which £9,868 were free reserves after allowing for funds tied up in tangible fixed assets. Total funds carried forward are £13,187. The trustees aim to maintain free reserves in unrestricted funds at a level which equates to approximately three months of unrestricted charitable expenditure. The COMPASSION PRISON MINISTRIES trustees consider that this level will provide sufficient funds to respond to applications for grants and ensure that support and govemance costs are covered. Risk mana ement The trustees 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 trustees As set out in the Articles of Association trustees are elected annually by the members of the charitable company attending the Annual General meeting and serve for a period of 3 years. Trustee induction and trainin Training and envisioning for the trustees are planned for 202412025 and in pro￿sS. anisation The board of trustees administers the charity. The board normally meets bi- monthly by zoom. A Chief Executive is appointed by the trustees to manage the day-to-day operations of the charity. Related arties and co-o eration with other or anisations None of our trustees receive remuneration or other benefit from their work with the charity. Any connection between a trustee or senior manager with any service providers must be disclosed to the full board of trustees in the same way as any other contractual relationship with a related party. During the year a loan of £500 was made to a trustee. At the year end £303 remained outstanding. COMPASSION PRISON MINISTRIES Trustees res onsibilities in relation to the financial statements The charity trustees (who are also the directors of Compassion Prison Ministries for the purposes of company law) are responsible for preparing a trustees, annual report and financial statements in accordan￿ with applicable law and United Kingdom Accounting Standards {United Kingdom Generally Accepted Accounting Practice). Company law requires the charity trustees to prepare financial statements for each 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 reSoUr￿s, including the income and expenditure, of the charitable company for that period. In preparing the financial statements, the trustees are required to.. Select suitable accounting principles and then apply them consistently. Observe the methods and principles in the applicable Charities SORP; Make judgments and estimates that are reasonable and prudent. State whether applicable accounting standards have been followed, subject to any material departures that must be disclosed and explained in the financial statements. Prepare the financial statements on a going concern 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 comply with the Companies Act 2006. They are also responsible for safeguarding the assets of the charity and taking reasonable steps for the prevention and detection of fraud and other irregularities. By order of the board of trustees Norma Walters Treasurer Date.. 18th December 2024 Independent examiner's report to the trustees of Compassion Prison Ministries I report on the accounts of the company for the year ended 31, March 2024, which are set out on p(igJes 6 to 16. Respective responsibilities of trustees and examÉner The trustees (who are also the directors of ihe company for the purposes of company law) are responsible for tlie prep¢iration of the accounts. The trustees consider that an audit is not requii'ed tor (his year under section 144(2) of the Charities Act ?01 l (the 2011 A¢1} and that an iiidependent exaininalion is ne¢ded. Th¢ Charity is r¢quired by company law to prepare accrued accounts and l am qualified to undertake ihe examination by being a qualifjed member of The Institiite of Chartered Accountants in England and Wales. Hailing) satisfied myself that the cliarity is not subject lo audit under company law is eligible for independent examination, it is my responsibility to: exaniiiie the accounts under seelion 145 of th¢ 2011 Act to follow tl)e procedures laid dowi in the generat Directions given by the Charity Commission linder seelion 145(b) of the 2011 Act. and to state whether particular matters have come to my attention. Basis of independent examiner's report My examination was Carried out in accordance with the general Directions given by the Charily Commission. An examination includes a review of the accounting records kept by the charity and a comparison of the accounls presented with those records. It also includes consideration of any unusual iteins oi. disclosures in the accounts. and seeking explanations from you as trustees concerning any such matters. The procedures undertaken do not provide all the evidence that would be required in an audit and consequently no opinion is given as to whether the accounts present a 'true and fair view, and the report is limited to those rnatters set out in the statemeiit below. Indepcndent examiner's statement In connection with rny examination, no matter has come to rny attention.. {1 ) which gJives me iEasonable cause to believe that in any rnaterial respect the requirements to keep accountingj records in accordance with section 386 of the Companies Act 2006- and to prepare accounts which accord with the accounting records, comply with the accounting requirements of section 396 of the Companies Act 2006, , and wilh the methods and principles of the Statement of Recommended Practice.. Accounting7 and Reporting by Charitie5 have not been met- or (2) to which, in my opinion, attention should be drawn in order to enable a proper understanding of the accounts to be reached. Anita King FCCA Community Accountancy Service Ltd The Grange, Pilgrim Drive Beswick, Mancliester, M I13TQ Date: 18 December 2024 CompassSon Prlson Ministrie5 STATEMENT OF FINANCIAL ACTIVITIES FOR THE YEAR ENDE 31 MARCH 2024 udin income and ex enditurè un Total Funds Total Funds Period 1 February 2022 to 31 March 2023 Unrestrlcted Funds Year end 3110312024 Restrlcted Funds Further Details Income from.. Donatuns and legacies Charitable Activits'es Investment Income Total 131 4(XJ 400 558 220 620 220 620 29 587 Expenditur• on.. Charitable Activthes Total Is} 1,327 1.327 1,839 1,839 3,166 3,166 4,784 4,784 Net incomellexpenditurel 17071 11.8391 12,5461 14,1971 Transfers between fund5 Net movement in funds 17071 11,8391 12,5461 14,1971 Reconciliation of funds Total fvnds brought foMard 1131 12.669 3,064 15,733 19.930 Total funds carrièd forward 1131 11,962 1,225 13.187 15,733 Tthe statement ol financial activities includes all g8ins and losses recognised in the year. All income and expenditure derNe from continuing aclivilies. The notes on pages 9 to 16 fomi part ofthese accounts. Compa55ion Prison Ministries BALANCE SHEET AS AT 31 MARCH 2024 Company Reglstratlon Numbèr: 08348123 2024 2023 Notes Flxed assets: Tangible assets Total fixed assets {101 255 255 381 381 Current assets: Debtors Cash at Bank & in Hand Total current assets 625 12.854 13,479 510 15.790 16,300 Llablllties: Creditors-. Amounts falling due wrthin one year 1121 547 Net current assets or likbilities 12.932 15,352 Total assets less ¢urrenl liabilit￿$ 13,187 15,733 Total net assets or liabllltles 13,187 15,733 The funds of the charity-. Unrestricted income funds 1131 11,962 12,669 Restricted income funds 1,225 3,064 Total charity funds 13,187 15.733 For the period in question the company was entitled to the exemption conferred by section 477 of the Companies Act 2006, and that no notice has been deposited under section 476 in relation to its accounts for the financial year,. and the dirertors acknowledge their responsibilities for: complying wlth the requirements of the Companies Act 2006 with ¥espect to accounting records and the preparation of accounts. These accounts have been prepared in accordance with the provisions applic3ble to companies subject to the sm311 companies, regime. Approved by th& truste8s on 18th December 2024 Norma Walters The notes on pages 9 to 16 P8rt0 these accounts. Compasslon Prlson Mlnistrie5 Statement of Cash Flows for the year endlng 31 March 2024 Perfo(11 February 2022 to 31 March 2023 Year end 3110312024 Reconciliation of net movement in funds to net cash flow from operating activities Net movernent in funds Deduct investment income Depreciation Decrease/lincrea5el in debtors Increaselldecreasel in creditois Net cash used in operating activities 12.546} 12201 126 11151 14011 13.1561 14,1971 1291 127 1,385 1721 12,7861 Cash flows from investrnent actlvltles.. Interest Purchase of fixed assels Net cash provided by Investlng 8etiviti¢s 220 29 15071 14781 220 Increa5elldecreasel in cash and cash equivalènts during the year 12,9361 13.2641 Cash and cash equivalents brought fo￿rd 15,790 19,054 Cash and cash equivalents carri8d forward 12,854 15,790 Compa$5ion Prison Ministrles Notes to the accounts for the year ended 31 March 2024 l. Accounting policies lal Basis of pieparation and asse$5ment of going concern The accounts (financial statements) have been prepared under the hlstorlcal cost conventlon wlth Items recognised at cost or transaction value unless otherwise 5t3ted in the relevant notes to these accounts. The financial statements have been prepared in accordance with the Statement of Recommended Practice.. Accounting and Reporting by Charitiespreparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland IFRS 1021 issued on january 2019 and the Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland IFRS 1021 and the Charities Act 2011. The charity constitutes a public benefit edtity as defined by FRS 102. The tTUStee5 considerthat there are no material uncertainties about the charity's ability to continue as a 80ing concern. Ibl Funds $tru¢lure Restricted funds are funds which 3re to be used in accordance with specific lestrictions imposed by the donor or trust deed. There is I restrlcted fund. Unrestricted income fund5 comprise those funds which the trustees are flee to use for any purpose in furtherance of the charitable objects. Unrestricted funds include desi8nated funds where the trustees, at their discretion. have created a fund for a specific purpose. Further details of each fund are disclosed in note 13. 1¢) Income recognition All income 15 reco8nised once the charity has entitlement to the income. it is probable that the income will be received and the amount of income receivable can be measured reliably. Donations are recognised when the charity has been notified in writing of both the amount and settlement date. In the event that a donation is subject to conditions that require a level of perfomiance before the charity is entitled to the funds, the income is deferied and not recogni5ed until either those conditions are fully met, or the fulfilment of those conditions is wholly within the control of the charlty and it is probable that those conditions will be fulfilled in the reporting period. Interest on funds held on deposit is included when receivable and the amount can be measured reliablv by the charity,. this is normally upon notification of the interest paid or payable by the bank. Dividends are recognised once the dlvidend has been declared and notifjcation has been received of the dividend due. Idl Expendbture Recognition Liabilities are recognised as expenditure as soon as there is a legal or construttive obligation committing the charity to that expenditure, it is prtsbable that settlement will be required and the amount of the obligattron can be measured reliably. All expenditure is accounted for on an accruals basis. All expenses includin8 SUPPOrt costs and 8overnance cost5 are allocated or apportioned to the applicable expendlture headlngs. For more information on thls altribution referto note lfj below. lel Irrecoverable VAT Irrecoverable VAT is charged against the expendlture headSng for whlch It was Incurred. (fl Allocation of support and govemance costs Support costs have been allocated between governance costs and other support costs. Governance costs comprise all costs involving the public accountability of the charity and its compliance with regulation and good practice. These costs include costs related to independent examination and legal fees together. Governance costs and 5UPPOrt costs relating to charitable attivities have been apportioned based on type of Expense. The allocation of 5UPPOrt and governance costs is an31y5ed in note 7. Compasslon Prison Ministries io Notes to the accounts for the year ended 31 March 2024 (81 Costs ot raising lunds The costs of raising fund5 consists of licence fees. bad debts and event Costs. Ihl Charitable Activities Costs of charitable activitie5 include governance costs and an apportlonment of support costs as shown in note 6. lil Tangible fixed assets and depreciation All assets costing more than £500 are capitalised and valued at historical cost. Depreclation is charged on the following bHsi5'. Equipment 25% on cost lil Reali5ed gains and losses All gain5 3nd1055e5 are taken to the Statement of Financial Activities as they arise. Realised gain5 and losse5 on investments are calculated as the difference between sales proceeds and their opening carrying value tsl their purchase value if acquired subsequent to the first day of the financial year. Unrealised gains and losses are calculated as the dlfferente between the fair value at the year end and their varying value. Realised and unrealised investment gains and losses ale combined in the Statement of Financial Activities. Ikl Debtors Trade and other debtors are recognised at the settlement amount due after any trade discount offered. Prepayments are valued at the amount prepaid net of any trade discounts due. 111 Creditors and Provisions Creditors and provision5 are recognised where the charity has a present obligation resulting from a past event that will probably result In the transfer of the funds to a third party and the amount due to settle the obligation can be measured of estimated reliably. Creditors and provisions are norm311y reco8ni5ed at their settlement amount after èllowing for any trade discounts due. 2. Related party transactlons and trustèes. expenses and remuneratlon The trustees all give freely their time and expert¢se without any form of remuneration or other benefit in cash of kind12023.. £nill. Expenses paid to the trustees in the year totalled £nil12023.. £nill. During the year, a loan was made to a trustee. The amount was £500. At the year end, £303 remained outstsnding. Compassron Prlson Ministrles 11 Notes to the accounts for the year ended 31 March 2024 3. Donations and Legacies Unrestricteil Year end 3110312024 Restricted Year end 3110312024 Totsl Funds Year en 3110312024 Offerings 400 400 400 400 Prior Year Unrestricted Total Funds Pèrtod 1 Period 1 Fabruary 2022 Period 1 February 2022 to 31 March Fèbruary 2022 to 10 31 March 2023 31 March 2023 2023 Restricted Offerings 558 558 558 558 4. Income frorn charitable activltles Unrestricted Year end 3110312024 Restricted Year end 3110312024 Total Funds Year end 3110312024 Grants.. Prior Year Unrestrlcteij Total Funds Period 1 Perlod 1 February 2022 Period 1 February 2022 to 31 March February 2022 to to 31 Mar¢h 2023 31 March 2023 2023 Rest￿ett￿ Grants.. Compa￿[0￿ Prison Ministries 12 Notes to the a¢counts for the year ended 31 March 2024 5. Expendtture P￿10d 1 February 2022 to 31 Ma￿h 2023 Charitable Aetivitiès Year end 3110312024 Expenditure on charitable activities.. Employment Costs Training Donations Travel Expenses Governance Costs Support Costs Depreciation Sundiies 1951 852 1951 852 1,936 220 1,259 360 869 127 13 4.784 936 360 987 126 936 360 987 126 3.166 3.166 2024 1,839 1,327 3,166 2023 2,805 1,979 4.784 Restricted Funds Unrestricted Funds Compassion Pri50n MinFStries 13 Notes to the attounts forthe year ended 31 Mar¢h 2024 6. Analysts of expenditure on charitable actlvitles As per note 5. 7. Allocation of governance and support cost5 The breakdown of support costs and how these were allocated between govem8nce and other support Costs is shown below-. Basis of apportionment type of expense type of expènse type of expense type of expense type of expense Ganeral Support Govpmanee 360 2024 Total 360 301 io 469 207 1,347 2023 Total 360 Aceountancy Fees Printing & Stationery Telephone Computer Softwa InsLirance 301 io 469 207 693 176 987 360 1,229 8. Analysis of staff costs Perlod 1 February 2022 to 31 March 2023 Year end 3110312024 Wages and Salaries Social Security Costs Pension Costs 1951 1951 The average number of ernpbyees during the year was nil (previous ye8r'. nill. The charty considers its ksy management personnel cornprises the trustees. The total employment benefits, including employer pension contributions of the key management personnel wèie £nil Iprevious year.. £nill. No ernployee has benefits in excess of £60,000 (previous year.. none). The payroll scherne was dosed in June 2020. The p8yroll refund in this year relates to a write back ol a creditor. 9. Independent Examiner Fees riod 1 February 2022 to 31 March 2023 Year end 3110312024 Independent èxamination ftre$ Other financial services 360 301 661 360 360 Compassion Prison MFnistries 14 Notes to the accounts for the year ended 31 March 2024 10. Tanglble Flxed Assets Equipment Totsl Cost At l April 2023 Additions At 31 March 2024 5,458 5.458 5,458 5,458 Depreciation At l Aprll 2023 Charge for Year At 31 March 2024 5,077 126 5,203 5,077 126 5.203 NET BOOK VALUE At 31 March 2024 255 255 At 31 March 2023 381 381 11. Analysls of debtors 2024 2023 Loan5 to Officers Prepayments 303 322 625 510 510 Debtors and prepayments related to unrestricted funds both in 2024 and 2023. 12. Creditors: amounts falling due within one year 2024 2023 other ¢￿ditorS and a¢¢ru81s Taxation and soaal securty costs 360 187 547 528 420 948 Compa$5ron Prison Ministrles Is Notes to the accounts for the year ended 31 March 2024 13. Analy$i$ of ¢haritable fund$ Analysls of movements In unrestrlcted funds 8alance at 31 March 2024 Balance at 1 Aprll 2023 Incomlng Resources Resources Expended Transfers General Fund 12.669 12.869 620 620 11,3271 11,3271 11,962 11,962 Prlor Year Balance at 31 March 2023 Balance at 1 February 2022 Ineoming Resources Rèsourc8S Expended Transfers General Fund 14.061 13,362 587 1.199 11.9791 15001 12,669 12.669 Name of unrestrlcted fund: General Fund Description. natur& and purpose of the fund The free resetves" after allowing lor all designated funds Analysis of movements in restricted funds Balance at 31 March 2024 Balance at 1 Aprll 2023 Incoming Resources R•sourees Expended Transfers Big Lottery Covid 3,064 3.064 11.8391 11,8391 1,225 1,225 Prior Year Balance at 31 March 2023 Balance at I February 2022 Incoming Resources R•sourc•s Expended Transforred to Foodbank Blg Lottery Covld 5.869 5,869 12,8051 12,8051 3,064 3,064 Name of restricted fund: Big Lottery Covid Descrlption. nature and purpose of the fund Towards covid support Compassion Prison Ministries 16 Notes to the accounts for the year ended 31 March 2024 14. Analysis of net assets between funds Unrestrlcted funds Restrlcted fund6 2024 Total Tangible fixed assets Cash al bank and in hand Other net current assetsllliabililiesl Total 255 11,629 78 11,962 255 12,854 78 13,187 1,225 1,225 Prior Y¥•r Unrestricted funds Re$trl¢tÈd fund$ 2023 Total Tangible fixed assets Cash al bank and in hand Other net current 8ssetsllliabilitrsl Tolal 381 15,790 14381 15,733 10,716 2,646 13,362 10,599 10.599 15. FFnanclal Instruments The charity only has finanaal assets and Ikabilitias of a kind that qualfy as bask financial instruments. Basic financial instruments are inrtially recognised on a transaction value and subsequently measured at their settlement value with the exception of bank ltsans which ar& subsequentty meaSU￿d at an amortised cost using the effective inleresl method.