COMPASS CHURCH WELLINGBOROUGH Trustees, Annual Report for the year ended 31 Ortober 2023 The trustees present their report with the financial statements of the charity for the year ended 31 October 2023. The trustees have adopted the provislons of the Statement of Recommended Practice ISORP}'Accounting and Reporting by Charities,. Reference and Administrative details Charlty Name: Compass Church Wellingborough Charity Registratian Number: 1166118 Charlvs Prlnclpal Address: 2-4 Meadow Close Wellingborough Northants NN8 4BH Trustees: Mr Paul Cooper Mr lan Askew Mr Kyle McGillev Ichalrmanl (Treasurer) (Secretary) Independent Examlner: Mr Neil Gray FCA 2 Bader Way Northampton NN2 7FZ Bankers: Natwest 41 Weston Favell Cent Northampton NN3 8JZ Structure, Governance. and Management Governing Document The charity is controlled by its governing document, the Foundation Constitution117 March 2016), and constitutes a Charitable Incorporated 0r8anisation ICIO). Structure and Managemerrt Overall responsibility for the church lies with the trustees. including the Pastor. who, along wlth the elders. oversee the church. These two bodies, trustees and eldership, while being distinct groups. share common members and a unified goal. They are responsible for formulating and implementing policies to furtherthe objectives of the church. The powerto appoint or remove trustees lies Wlth the trustees themselves. Trustee Selection Methods Trustees are appointed by a resolution passed at a properly convened meeting ofthe charity trustees. They are selected from within the Church's membership. based on their commitment to the Church and the usefulness of their professional expertise. Page I Objectives and Artivities Objectives To advance the Christian faith for the public benefit, in particular but not exclusively by.. Facilitating the establishment of a local church that benefits and positively influences the local communty by spreading the gospel of Jesus Christ through evan8elism and advancing the Christian faith. Providing and maintaining premises and facilities for the church to meet for worship, religious instruction. teaching, and other related activities. Assembling regularly for Sunday Services, small group meetings, prayer meetings, youth work, children's work, leadership training. and adult discipleship. These activities include groups and events for all ages, incorporating worship. prayer. and study of the Holy Bible, raising awareness and understanding of scripture, biblical principles, and practices. Conducting missional and outreach work, indudin8 encouragement, pastoral support, and community activities- building and maintaining relationships within the community and with other like-minded churches. Actlvltles When planning activities for the year, the Trustee5 have considered the Charity Commission's guidance on public benefit. Compass Church has established itself as a Ioc31 church with strong foundations, having a positive influence in the local community of Wellingborough, Northamptonshire, and beyond. Durin8 the year, the Church continued its objertive to advance the Christian Faith through worship and prayer. spreading the gospel of Jesus Christ, adult discipleship and trainin8, children's and youth work, providing practical and pastoral care for the community, outreach and ministry work. and expandin8 relationships with churches locally, nationally, and internationally. Achlevements and Performance Premlses Since August 2022, the church ha5 leased premises at 24 Meadow Close, Wellingborough. The space, over 6,000 sq ft. Is used for most church actlvltles. Includlng Sunday Servlces. children's and youth work, small group meetings, discipleship and training, and community outreach events. Worshlp & Prayer The church meets each week for Sunday Serrfices, small (Corel groups during the week, and various prayer and worship meetings. Discipleship & Training Sunday services incorporate prayer and worship with Bible teaching at the centre, encouraging faith and Christ-cantered living, and including an evangelistic component for non-christians. Church members meet weekly in sm311 (Corel groups for discipleship, spiritual growth, and training. Bible Siudy 5erie5 are held thioughout the year, and The Bible Course (The Bible Society} is run at least annuallv. Page 2 The Marriage Course (Alpha International) was held for the first time in June 2023, attended by 14 couples, and is planned to run annually. Our l￿week Compass Members Course ICMCI was run multiple times throughout the year to accommodate the increasing number of attendees. This year, 48 people became members of Compass Church. Seventeen people were baptized in 2023. We are a busy and artive church that aims to establish and equip people in their faith and for the work of ministering to the unbelievers and unchurched alike. Chlldren's & Youth Work Children and youth are a key demographic and an Important part ofthe church's vision. Children's church classes meet each week during Sunday Setvice. with church Youth assisting our Kids Church Leaders. From September 2023, there are five Kids Church classes.. o-2s Babiestroddlers Nursery/Reception/Year I Year 213 Year 415 Year 617 Classes offer teachings. crafts. activities. games, children's worship, and prayer. Flfty children now attend our Kids Church most Sunday mornings. Weekly meetings on Friday evenings for Juniors (year groups 3-61 and Youth (year groups 7- 131 are open to church attendees and the local community. These meetings provide a safe. inspiring, and supportive environment for building relationships and havin8 fun while sharing the gospel. The Friday night sessions are invaluable. offering fun and essential support for young people navigating their way to adulthood. In the summer, our Youth attended a 3-night residential camp at the Kin8sway Adventure Centre. Middleton-In-Teesdale. led by our Kids Church leadership team. Activities included food, fellowship, outdoor activities, fun. spiritually educational activities, Bible studies, and wor5hlp song-writing work3hop5. OurJuniors enjoyed a two-night Summer sleep￿ver event at the church. featuring fun activities, food, midnight feasts. spiritually educational activities, and Bible studies. Communlty Outreach With our own premises, the church has expanded its community outreach attivities. This includes monthly Coffee & Chat mornin85, allowing visitors to meet church members and enjoy fellowship and refreshments in a safe. supportive environment. We host ad-hoc events and gatherings, often including meals and guest speakers, which are usually invitational for family. friends. and the local community. Two newcomers, lunches were held with 109 people in attendance. Our senior leaders and have been working with Sousteryouth with the aim to build stronger connections with our youth and also connection with local schools. Page 3 Seasonal community outreach services, events, and Eatherings are planned forthe coming year, utilizing our new premises and extending our reach in Wellingborough. These mav include special Nativity and Easter services. drama groups, youth socials, and outreach to local schools. These events alm to build bridges with our community, bless people in practlcal ways, and share the love of Christ, with the hope of bringing people to know the good news of Jesus. Itinerant Ministry Worvchurth Relationships The Senior Pastor and hi5 wife serve as leaders and members of Ministers Fellowship Global IMFGI, a non-denominational charitable organization based on genulne relationships. MFG supports ministers and leaders worldwide. providing accountability without control. The church maintains close relationships with other MFG-affiliated churches in the UK and overseas. Leaders attend MFG Regional Conferences twice a year in the UK, and Compass Church hosted the Regional Conference in November 2022. The 5-day International MFG Conference was held in Yorkshire in May 2023, attended by leaders from our church and others worldwide. These conferences offer cultural exchange and service opportunities in diverse church communities. Regional Conferences are planned for 2024, with our church hosting a8ain. The 5-day International Conference is scheduled for May 2024 in Athens, Greece. Overseas ministry trips in 2023 included visits to Greece in April and Romania in October, supporting local co-member churches. The church leadership also speaks and ministers at various MFG-affiliated churches across the UK. The pastor regularly meet5 Wlth other local pastors from different Christian denominations to build relationships. fostering trust and unity. This provides insight into God's work beyond our church context. reminding us that God's mission is global. Our church plays a part in advancing God's kingdom. cooperating with other churches to fulfill the Great Commission. Flnanclal Support Financial gifts to individuals are strictly controlled, with 5UPPOrt generally given only to known recipients genulnely In need due to circumstance5 beyond their control, ensuring the money is well-invested. The church also financially sponsored a set of leaders from overseas to attend the MFG annual conference for blessin& refreshment, and encouragement. We supported Christian Concern with a financial gift during a legal discrimination case. Financial Review Reserves Policy The Trustees do not have a formal rese￿eS policy. However, income from tithes, offering5. and donations, received regularly and on an ad-hoc basis. is sufficient to meet the charity's running costs. Page 4 Principal Funding Sources The church raises most of its funds from within its membership and congregation. Gift Aid significantly augments these funds. The church heavily depends on volunteers for all activities. which run with minimal impact on expenditure but substantially contribute to achieving the church's objectives. The trustee5 are confident that the church's cash flow is sufficient to meet short and medium-term commitments. Our income has grown by 43% year-on-year, reflecting the numerical growth of the church. This was the first full financial year in our leased premises. including many initial renovations. set-up costs, furnishings. and major repairs. Plans for Future Perlod The charity aims to further achieve its objectives in the forthcomin8 year. With significant numerical growth. the Trustees and senior leaders recognize that facilities are nearing full capacity. Consideration may be needed for extending premises, relocatin& or finding other ways to meet and accommodate our 8rowin8 community's needs. Flnanclal prudence Is essential given our current income, resources, and commitments. However, it is anticipated that the charity's income and activities will continue to expand. The Trustees and senior leaders believe the churth will continue to develop, grow, and achieve its objectives. The church actively raises funds for improving facilities and acquiring resources towards that aim. Financlal matters aside, we will continue to proactively work towards our ultimate aim of sharing the °Good News" of the Christian Faith with as wide an audience as possible. Declarations The trustees declare that they have approved the tru5tees' report above. Sl8ned on behalf of the c s trustees Signaturels) Paul Cooper (Chair} lan Mark Askew (Treasurer) Date li/1/ Li¥ 01 Pa8e 5 CHARITY COMMISSION FOR ENGiAND ANO WALES Crryass Chur¢h WeNiryboThgh Charity No rfan 1166118 Annual accounts for the period 01111r2022 To P8rKxJ start date date 31111Y2023 Section A Statement of financial activities R•commèndod ￿tegoTI•• •¢tfvky Prfor year nds Totsl fund* Incomlng ro8ourcu {Not0 31 In¢orn• and and¢>￿￿ from: F01 F02 F03 F04 FOS Donthns and 195,226 10,049 195.226 10,049 107,115 275 ChAri&E4• Inv•*fvnts S•parnt• Othw Total Rosourcos oxpendod (Nots 6) Exp•ndttuM on: Ra￿r￿alunI• Chtht4bl• 4¢M 205.275 205,275 107, 25 100.094 162,153 162,153 810 oth Total 11.927 11,927 3,324 S12 N•t Incomoll•xpendlturn) b•for• Inv•stm•nt ga1n•lllo••￿I 813 31.195 31,195 3,947 NetQAins1(knsiobl￿ in¥•ityrnr 814 N•t Incornellexpendllurn) Extraofdlnary ItOrn8 Tr*n•f•rn b•tw•on fund# oth•r r•cognlMd g￿nI1{10￿￿). 815 31.195 31.195 3,947 S16 $17 G41rA df4•J S18 OlherqalMll*8&ts) S19 Net movomont In lunds 31,195 31.195 3.947 Reconclllatlgn of fun(ts.' Told I￿1¥ brtwhlfmid Tolal funds c•nl•d fonvard 149.127 149.127 180.322 145,180 9,127 Section B Balance sheet Re•tslcl•d Ithr•¥tr1￿ Income Endowment Totsi th1• nd• lund8 lund• ye•r Total lalt Fixed assets Intangible assets Tanglble a88et• Herltag• as•ets Inve8tm•nts F01 F02 F03 F04 F05 (Note 15) {Note 141 (Note 161 (Note 171 Total Ilxed assots 69.792 69.792 46,042 46.042 Current assets Stocks (Not• 18) INot• 19) Investmenls (Note 17.41 Cash at bank and Sn hand (Not• 24 To¢•1 cunent as$el8 Bio 56,904 39,034 74,639 113.673 CredStors: amounts falllng du• wlthln on• year {Note 20) B11 33.732 33,732 10,588 Not curnnt •sseWll•blllUg$) B12 103,085 Total assets l•M eurrent 11obllltlu B13 149.127 Cr•dltor8: amunl• lalllng due after ono y•ar Imolo 20) Provl•lon• for Ilablllll•• 816 Tol•l not assets or Il•bllltl•A 16 180,322 190.322 149,127 Funds of the Charity Endowment funds {Nots 27) Re8trl¢t•d Income funds {Not• 27) UnreStrfct￿ funds Revaluallon re￿rv* B17 B18 B19 180.322 180.322 149,127 Tol•l ftinds tr21 149,127 SwJned by C￿e or tsyo Irustees t*h8W of 811 th8 trustee$ Dale of approval ddlmml Cblogf102 SvJnatUTe Print Name Ptsjv (.(IVferfL fl CC17a (Excel) 2910712024 5eciion Notes to the accounts Note Z Accounting polkn 2.1 RECONCIUATION WITh PREVIOUS GENERALLY ACCEPTED ACCOUNTING PRACTICE Cc17A(￿l Section C Notes to the accounts Iconti Note 2 2.2 INCOME Aceouthg polic Nl8 Nla tyth• FRS 102SORP¢wFRS 102. Nl4 ry*er*ar¢ m￿(5.10¥*5.12 FRStw2Sc￿pi. N14 No Nla Yw No Nl• d•h No Nc Nl• 1•cM￿N No Nla ND Nlty erfA aE N*t15.10 bJ5.12FRS102 SORPI *•i thèS(F Nla 2.3 EXPENDITURE AND LIABILMES Lknbl1tyr•wqn￿On Nl Nl4 ¢rynl• p•y*h ¥Jlthw¢ Nla Nl¥ Ye Nl• N14 YM N14 fiD•nllbJl pNtyr4ph 11.7FR8102 80PP. 11.17 11.19. FR$102 80RP. Nl• 2.4 ASSETS T•n9lbl•flx•d ****l•f•r oxl•lkn#¢ £1 Yo1 Y•$ •• Y8S Yes Yes Nl abl&¥4￿. Nla Nl4 Yes N¢ Y8¥ No Wa POLICIES ADOPTÈD IIDMONAL TO OR DIFFEREMf FRO¥ THOSE ABOVE Sectioll C Notes to the a¢¢ounts Icontl Not* 3 Analpls of I￿orne Oonallons •nd1ogocio5: R ularTrthe5 & Offerin Free Will Offènn Rece￿ Faith Offerin 5 R￿•Ved Other D&sl nated Fund R Gift R¢clairn Ev&nl incom8 122.Y26 310 38282 310 1.5)1 2,350 17,324 2.573 363 28.970 28,970 Totsl 195.226 195x6 107.115 ChArftabl• Ut1￿ ￿eSSi1￿J8 ch8r118bkn Other ch8ni8tA& ￿t￿ty¢s Fundraisin ProJuct Sa188 otf*r 10,049 10.049 275 Othertradlno •ctl¥ltl•8: Othor In¢om• frorn Inv•Jtm•nt¥'. Interost heome Owidend irth Ren1* and Othor rn•t•d•l ltsm ol Inrom•.' ¢)th•r'. Convor&on ofen(knwThent fuTrJs into IrKcffjo Gon w disposal of a tary*4e r￿ed asa•l hokl lor ch8d Gan cffj dtstK)sol ol a W￿rne rebted In¥eslm8nt Royalt￿5 from the Other Totsl TOTAL INCO wovld• d•qcrfpUon and ￿Tr￿> £275 Fufvj Whr• anygndowmgntfvnd l• Inlo *Mm• Inth• prlorp¢rfod. qlv# th• w••xffi fwthi Wlthln the Incom• knthDfolknvln9 •r• at•rf￿: Ipl•¥• th¢lM• th• blthW•. all1purt•￿¥nY ya•r •mountsl CC17a IExcdl 2910712024 Section C Notes to the accounts Icontl Note 4 Anafysis of rtceiplg ol g1￿Mment grants Thls >wr Gov•mm•nt grant 1 Gowrnm•nt ¥r•nt 2 Governrnent grant 3 Oth•r Totsl La•t y•ar Govwnm•nt grnnt 1 Go¥•mm•nt orant 2 Gov•mm•nt ornnt 3 Tot*1 PIM*•prD¥ldo d•lalls of *ny unfumihd condlllons •nd ollmr eontlnp8n¢le¥ •tt•chlng to grnnll Pl•￿• qlv• d•l•lls oloUMrfwm• of gOv•rnrnent￿Isthn¢¢ from whl th• ch•rfty dlrKtlyb•n•fi¢•d. CC17g (Extdl 2910712024 Section C Notès to the accounts Icontl Note 5 Oonatod goods. fad1tt1•5 and sorvkes Th1• yev Last year Seconded •laff U#e of proporty Other Thh y••r Pl+￿ md• dotalh ofth• accountlng policy for thé r•cognltlon and valuatlon of donat•d good¥. t•dlltle• and ￿ryI¢•5. Pl•a8• pro¥ld• d•tall• of any unfvlfill•d condltlons and oth•r contlng•ncl •ttachlng to rn*ou￿•S from donatsd g•ods and wrvlc•8 not ye￿9n14¢￿ In n¢om•. gSv• d•t*lts of othw lom* ol oth•r donatsd goods and ￿1¥1￿$ not r•¢OgnIs￿ In the accoun18. •9 Ct)ntrlbutlon ol unpgld wlunt••r CC17a IExd) 10 2910712024 Section C Notes to the account5 Iconti Note fj ATr1￿16 al •xp•ndltUf• Thk Analy￿¥ •ndltur• on fal￿￿ kncurned 8eeknrvJ (knalions Incxjrred seekiw I￿l>e$ Advertising, Ma￿8*r￿J. dir6ci mal •xl wtdi¢ty Start UP Costs irKurred in generatirvJ r*w of future Inccrf Totslfthdl Datsba8¢ d¢vdoprnont¢%Ats Othor tradiry ￿ti￿￿.85 Inveslmanl management costs.. Portfdio m em8nt costs Cost of oblanirvj irNe81Tr*rt Inva&lm8nl admir￿$￿￿10n lnldlo¢lU￿ 4Lxndng oJslB Oth•rfundra51ng cc418 25 Tot•1 •xp•ndlturn on I￿$￿n9 funds 25 Exp•ndltur• on ¢harlt•bl• actMU••.' UtJo BleswrYJ8 Chontstde expeTrJilure PrcpwtyCo8t& ProJu¢t PU￿hall 18,918 8.497 27,415 MFG Donwbons 8.000 W8geg aThJ saLgr Other Charltable 8cINth8 Totsl •xp•ndliurn on thwltsl>l• 48.1 42,827 48,1 42.827 43.673 20.756 43.673 23,006 162.163 1611S3 89.347 10,747 100.094 rat• matorlal It•rn of Tol•l oth•r Bank ch8 De rÈciatK)n Profrt other Tot41 othw oxp•ndKur• TOTAL EXPENDtrvRE 115 11,927 3.324 92.671 174.Q 10.772 Other Inforniauon.. L•$t rl•*• Told thIB rK114w of Costs ar Activ Other Ti CC174 (Exc411 2910712024 CC17a l&c£ti 12 2W12W24 Section C Notes lo the a¢counts Iconti Note 7 Extraordlnary Items ymr L•*t y••r Extr*ordln•ry It•m 1 Extraordln•ry tt•m 2 Extr•ordln•ry It•m 3 Extraordlnary It•m 4 Totsl •xtrordlnary It•m• CC170 (Exc811 13 29107r2024 Section C Notes lo the aGGount5 Nots8 Funds received as ag¢nt &1 Pl¢•s• ¢ompl•t8 thls Ilth• elJ•ilty I￿S to •¢*nlnl¥t•rlh• fiMJd¥ 01￿￿th•r•￿ÉtyI$ Its ag•n¢ Ilot•.' If• ¢h4rty Balan￿ ￿ld at Sod ond D•KrIP￿onlnIrn? of p•rty party (Y8• orNo Th1• y•¥ ThlB y•ar Last y••r Th1* y￿r Last y•ar Total B4l•n¢• h•ld at rlod •nd Th1• y•ar L#•t y•*r Total CC17a IExc*ll 14 2910712024 Section C Notes to the accounts Noto 9 Support Costs Pl•aso ¢ompl•t• thls nots Mthe Charityhas •nalJ￿lts •xpwM•s uslng acuvlty ¢ateqorfes and has suppt)rt ¢os Th1• y support eo*t èxam RaI￿ng fund• Gr￿d tol•l IDo¥crkn mothodl Governanc• other Total La•t y•ar uppo yam ng r•n Ith•cth m¢thod Governanco othor T diff•r•nt for I￿t year. provlde detsils Provbd• an ￿pI￿atIon of h¢)w any Ilablllty arfslng from an •gr•ément wllh mu5tl4mployer plan to lund a deficit has b￿n determlned. If th58 is drrferent for last Y￿r. provld• delalls CC17a {Excdl 2910712024 Section C Notes to the accounts l¢ontl Nots 13 Grantmaking charftable •ctlvttle8 undert•knn. This year: 13.1 AThatyryl• of grant• p•ld Onclud•d In ¢0•¢ of ch•rrt•W• xtMtIM} Grants to IMtituUons AJ)•lyryl* Grants lo Indl¥ldu•l• Supptyt Total Aclivity or proJ¢¢t 1 Athvity cf project 2 Activty cf prc¥8ct 3 thvity wpr4•ct 4 Tot•1 13.2 GrJnl• m•d• to In•thulk) Pl••s•provkl• d8taHs ofch¥rfty URL My charfty h4• m•d• lo p•rf¢vlwln*dlulrfoM th•t4rnmal•rtalln th• cont•xt ofits grnntmalrlng. D•t•lls olth• Insu￿110￿ SUPPDrt•d. p¢Mw• ofth• grnnt and lot4lp•ld to ••eh Insllhffjon Is a￿l￿blo on lh• ¢h•ilty* xh•. Prnvld• d•l•ll¥ b•low Namm of InB¢1¢u￿oTr Total afflount of Tot•lgr•nts lo instltudons In perf¢xl Othgr un4n•fysed gAnts TOTAL GRAIITS PAID CC174 (Exdl 21 2￿0712024 Last year: 13.3 Ana Includ•d In eost of charltablo xllbrfll Gr•nts tts An•ly81• Grwrt• tr* IndMdual• Supwt ¢osts Total Activity or proje¢l 1 Actrvity or project 2 vity ￿ proi8ct 3 Advlty (x proixt 4 Tot•1 13.4 0r•Nts rnad• to In•tHutlon• Pl••s•wo¥ld• d•l•H* of ch•rfty URL y efv•rtty h•5 m•d• gr•ftts lo p•rfeul•rlnslllullons IIMtar• m•l•rt•lln th• ontgxt oflts Brnnkn•klnq. D•t•lls oftho Insthitton ¥upport•d, puw• olth• Pmvldo del•ll• b•low M•mu of ln•dtu￿*￿n Total amount ol TOTAL GRANTS PARJ CC178 (Extdl 2W07r2024 Soction C Notes lo the accounts leontl Not• 14 Tanglbh fixed ass•ts Pl•as• ¢omploto th1¥ not• ff lh• ¢h•rftyh•s •ny l•ngW• (tr•d•￿t8 14.1 Co•t or v•lu•tlon Frn•hvkl l•MI & b￿ld￿j# Total b￿1th￿ machln0ry￿d •nd equlpmont At the beglnnthg ol tho Addl￿on 18,014 5.786 38,588 29,777 54,800 35,563 Revaluations Dlsposals Transfers. At Ond of Ihg wgr 66.363 90,163 14.2 D•prKl•tlon •nd lty*lmv•nt• 8L c¥ RB Isirnwt LIM or RedutiThJ B8lanc*l SL SLorR8 SL SLorR8 10 Years At boginnlr•J of the year Di8posal$ 8,224 8,558 Deprecia￿￿ 2,160 9,653 11,813 Impalmwnt Transfer8" Ai end of thè y88r 2.494 17.877 20.371 14.3 N•t book valua Net book Val￿ at the treginnlw ofts ￿81 17,680 28.362 46,042 Nat book value at tho end olts year 21.306 48,486 69.792 CC178 IExcdl 2910712024 14A Impakmont NIA Thls y••r Pl8•sepmvid8 a d•s¢rlp*gn ollh• •v•nts •nd¢knumsl*nG•s th•¢ d to th• rncoqnllion orrovw¥al of an IMp•kn￿RI10 NIA L•8ly••r.' Plws• prnvld• • d￿¢￿p￿0￿ olth• •¥•ft18 thal 14.5 Rgvaluatlon •ccounllnqpolkyolf•v•lu•llon ts *dopt￿. pl••Mpovhk.. Th1• WA NIA NIA NIA NIA NIA th• m•fhod• oppll•d•nd¥lqnllk•ntwiiiiipdo th• e*rylnp •mount th•twovldhw• b••n th•*#Ml• b••n ¢*nl•d undor the costmod• 14.0 Oth•r dknck)•ur•• Th1• y••r La•t y•ar l•nglbl• lIx•d•￿•th indth• e•ph•Ms•llon r•1• Ilxed •ss•ts. •qulprn•nl lo whkh lh• ¢h•rttyh•• r•slrfGl•d th or th•tw•pi•dg•d•• securfty forllabllltl•s. NIA NIA "Please inth'cate thg oldspr8cialK>n bydel8bryth8 n￿lhod nol (SL= stra￿lI1r￿.. RB= redu&ng b818n¢gJ. A16v pl98se Indic8te the r8t& of depr9e￿ts0n.' hrStrai￿￿ I￿￿. 411Jatis lh• antwl4dlits* of lh¢ ass•1 yws),. fvrnd(￿by9 bth¢•, b•*J&t￿ th• pere8n18gg amual dedUetk￿. CC170 (EX￿1> 29107rb)24 Sèction C Notes to the accounts Icont Not&15 Intangiblg assets Please complete th18 note Mth• ¢harltylMs any Int•nglble usets 15.1 Cost or valualion Ros•awGh & Pat•nts and Al beginning of the year Additions Disposals RevaluaUon$ Transfers ' Al end of the year 15.2 Amortl••tlon •nd Impalrni•nts -Ba8ls SLorRB SLorR8 SLorRB SLorRB Straight Line I"SL'I or Reducing Balance I'RB'I R•t• At b9gSnnlng of tho year DSsposals Amortisalion Impalrn*nt Tran8fers' At end of year 15.3 N•t book ￿1￿# Net book valu¢ al the beginning of the year Net book value at the en(1 of the year 15.4 A¢¢¢wntlng pollGy Ploase dlsclose the •¢¢ounting pthy (orinl•ngible frted assets incluthng." R￿Son8 forchooslng amorfsa(lon rnles Pollci•s for th• rncognftlon ofany ¢•i*f•l development CC17a (Excell 29107r2024 15.5 Impairment Thi$ year: Please provlda a d•$¢iiplion Dftho ovgnts and circumstsn¢g5 thatlod to tha r8¢0gnhlt)n ormvwml of •n ImpalmJent1083. Last ￿ar. Pluse provldo a descrtpllon of the •vents and Glrcumstan¢os that led to th• rnc*•t D6sposal$ Dew¢ci8lon Impairrnent Tr8nsfefs" At eThJ of wr 18A Il•t book y4￿• Net bojk value at the begiMiThJ ￿the year Net b￿k value at Ihe end olthe y8ar CC17a (Excell 2￿0712024 18.5 ImpalrThnt Thls year Last y••r 10.6 Th1¥ Last y•ar qu•Mfte•llona of thdwd•ntv•lu•r •ny ¥lqnllk•nl Mmltstlom on th• ¥￿1•110￿ 1&7 Anatysb• ol h•dtag• a•••l• by¢kn• Of oroup dl•lIng￿￿knV th(￿ •tco•t•nd tho•• at ¥aluatlon v•lwtknn At ￿•1 Group Group A Totsl C8tyNJ amount at the beÉlnniw of th• Aéditityns Dlsposals D8t*•c18lonfimp￿1nWt Rev8lualon GU￿￿9 ￿rK￿nI at Ihe OTh# of porh 16.8 H•rlt#go a•••ts (whrn h•rkng• ••￿ts •rn not r•¢oignlMd on lh• b•l•nu •h•rt) Th1• >wr L••1 ￿lf 111 Expl&ln th• re•wn why h•thag• o$s•ts hav• not been recognl8•d on th• b•lanc• •h•oL 111) D08crlbg th• slgnlficanc• •nd nalurn ol hevilage ass•ts. {NII OIBclos• lfifonnatlon that htlplul In ￿¥s￿n9 tho value ol herit49• a550t8. lfvl Explaln th• rwon why tl Is n¢¢ pyacticablo to obtaln a valuatlon ol CC17a (Excdl 2W0712f124 CC17a (Excdl 2910712￿24 16.9 FIV• swr •umm•ryol h•ritao• a•••ts tr*N*•¢¢lo 2015 2014 2013 2012 2011 PurehaM• oupA Grc*Jp B Gr¢up C Ot￿r DonaW•n• Group A Group B GrcMJp C Other 111 Total addlllon• Chary• for IM￿lmI•￿t Group A Group Group C other Total for knp•lrni•rt Ohpo••l• Grcwp A- catyng allh￿nt Gr￿￿P 8. ¢arTh4ng G￿pc Total dl#pMal• CC17a (Exdl 2910712024 Section Note5 to the accounts Icontl Not* 17 IY.1 Flx•d as*• inve¥tments Ipb•u• pm¥ld•for•8ch ol Trf CO￿￿n9 If*rl al￿gI￿ry rl pariod Add.. addrth)n8 to In¥astrnents durfr rfod. L•%%.' disposal$ at ¢aWng ¥￿u0 L•B•: Imylrn*nts Add.. R•v•r••l ¢1 Imp*lrni•rt• Addl(d•dL￿. I￿￿•r hll¢yJll In I pBrtod A¢dl1d•du￿.' not on vaiuolon (fair)v￿• at•nd oly l•i*• *p•clfyaddW•ns r•*ullno from Ihrouqh bwfjn•¥• comblnthnl. y. Lvllllnyp•rtle* l# •rni* l•nyth For*•d￿l•¢Urfth. lh• Its• v•hxollh• ••ctwty 4t￿0￿￿ lh• diifgYgnll•llng b•tsv••n thg•g l*ld atf•lr valu• and tho# h•ld *t ¢o•tlM• Th1• y•ar. Anal￿1• ollnN•¥tm•nts Cwh or ¢a•h •qufv•l•rf• Uit•d Inv••lm•nt• Inv••tm•nt pr•p•rU•• 8oclal Olh•r Inv•¥uMhts T4)tal ornnd totsl IF•lTv•lu• at l•M knp•knw Anal￿1• of In¥•th•rts •*h •r •qth•l•nts U*t¢d Inv••fmqnts v¢¥tsNni properfies ¥o¢lal In¥•%fments othr Grandtot•l (F•lrv4lu• It￿r•￿&•cO￿l•M IAwlm CC17* (E￿￿) 31 29￿12￿24 L••¢ y••r Ill Explaln th•mvilH¥th and d•tsmilnlrvJ th• f•lr ￿lu• ol Irrml￿ pr•wrty h•ld byth• ¢h•FIty 1111 N•m• or Ir•qnd•nlv4lu•r. Ilippll* •ryl r•l•v•nt gu•llncDllon• Illl> Pro¥ld• d•talL4 ol*hy lh• •blMtykn r•*• Inv•alm•nt prwty•r orb th• •lhx•m• or dl¥po••l procqqd• Ilvl EXP￿1• ￿Y corbtrnth*l oblgallM* lorth pur¢h•••. I￿lIyUctIon of Inv••tsn•nt w•p•rty4rlor rylr•, mTrknt•n￿¢* •I•nh•r￿rn•n 17A Pl•aM pro¥ld• * bMkdty*n ol¢urywrt •u•t on¥••bMn￿ Il*ppk*l>l•. •llrn•lNJ t•llh th• Ibthnc• •h••L Andy•l• ol eurr•nt ￿•1 Imwkn•nt• Ca•h or U•t•d Iblv••kn￿ts Inv••tm•n¢ Prtyp￿ aocl•l Irw•ilm•nts Oth•r In￿•1￿*￿tr Tot 17.5 Ouar•nt••• PK•v• provld• d•tslh 4nd amount•1￿Y•1V*bth• oron ol• thlrd wrty N•m• oftho •n¥tyor•ntNl•• b•MrdIh￿I￿¥￿thO1a 9uaf*iii••s Pl•u• èm￿￿n howth• 9uiramta• ￿lth•￿th•￿￿￿• *lmts CC17a(Ex 17.6 Conumlonwry loan• Tt4A wr¢ L4itswr£ AMo￿t of¢oD¢•MloThMy loans m•d• l¥ Tolal Amount of ¢onc•ulonary loAns r•ul¥•d IAI rotsl This bty•Ar T•rn￿ ind corwliloM •9 Intsr•st raI•.••￿￿ty 0￿dI Valu• ofany¢on¢•Ml•n•ry lo*n• h b••ft ¢offlmltl•d byl t)at tak•h up att￿ r•poth4 Amount• wy•bl• wmhln I bv•r AAnount• pl￿bI• •ft•r mor• th•n 1 )• Amoun1• rnc•lwbl• 1 y••r r•c•lv*bl• •ft•rM•rtth￿ l >wr 17.7 Addltlonal Inftwrn•th Pl••M provld• Infarm•tl•n •b•utth• •lwffi¢•n¢• ol In¥••tsn•nts to th• charlty• flnamdil po•llknn orth• u•• ol h•dAln9 to m•n•g• fln•n¢l•l rfth. For ill IrN•Blm•nl• fi￿•￿￿d It1•￿T￿l￿*. th• b*$1• for detwThlnlnq th• v•lu•, InGludln9 any •8¥uihptlons appll•d wh•n uslng a wdlu•Uon t•chnIq￿. T￿￿r• a c￿rNY hm pthunts rèleased to In¢omg Irom provlou8 p•ri¢x Balance at th• end ol th8 reportlng perfod 2.655 810 2,655 2,655 810 2,655 CC17a (E￿1) 2910712024 Section C Notes to the aCCOLtnt5 Icontl Not• 21 Provi¥ion¥ for Il•bllttl￿ and ch•rgo¥ hos • li8blllty•func•rt•in Thls y• LA8t y•ar 8al•ne• #t th• •twt of r•porflng prlod Amoun1• 4dd•d kn eurt•rbt p•riod Amounls eharg•d iyln•t th• wo¥l￿an knth• ewrnnt Unu••d amounts r•bwrMd p•rknd B•lAno• ot th• ofth• r•portlng p•rlod 21.2 Pl•••o pro%rfd•: brb•ld•*crtpVon tsfwry obllWlon• on th• balanc• •h••t Ind th• •xpctsd amount vrfl Ilty4￿ rg*uhkng payw￿1￿. ••r . •n Inflk•Uon of th• tsm<•rt41011••4bwt th• •fftourt ortlmlng oltho•• ouUlow•; •nd th• *mount of •rby ••Mt that be*n rn¢wbMd for that oxp•cl•d r•lmlwJrMm•ni 21.3 Por any fundln9 ¢oMffiRm•nt th•t kn rlot rne09￿#￿d Ilablllty or prov1￿0￿. pw¥ld• dthll• ofcommltrnnt m•d•, th• tlm• dth•t otalh DI how thg c(￿mfj￿￿nt￿Ill D• ￿ndIa Iwnh contracts for caplt*l •xpend￿urn ••paratqty Id•n¢lft•d>. 21.4 Wh•r• unr••trl¢t•d l￿d8 b••n dMlqn•t•d to a fund Gon￿1￿￿•nII pl•aM dlKI¢M• lh• n41ur• of any arnourts d•8lgnat•d th• Ilk•fy Ilmlng Of th•1 •xpend*yr•. CC17B IEx¢dl 37 29￿rI02¢ Sts¢tion C Notes to the account Icontl Not• 22 Oth•r dhcla•ur•s for d•btorn, cr•thtov* •nd oth•r ba•k th•nclal In*trum•nt• Th1• yw L•8t ￿•r 22.1 Pha•• provld• Infomithn aboutthe ¥lgnllkanc• of flnanclal Sn•trum•nts leg. d•btor¥, ¢rndSti)rs, Invoslrnents •tcl to th• ch•rfty¥ financlal p¢•hlon or p•rfonnanH, fw •xamplo, tho t•rnis *nd condltSoM ol lo•n• or lh• of h•d•lng to manag• fln•n¢l•l Yl•k. 222 llth• ch*Aty ha• provld•d flnw¢lal aM•ts u • fomi of •￿￿rIty, th• earylng •mount of th• fin•n¢l•l •Mgt• pl•dg•d a$ i•eurfty and th• l•rnM ind ¢t￿tt￿onI r•l•t•d to It• pl•dg• •hould b• gltffii h•rn. CC17a (Excdl 2910712024 Section C Notes to the accounts (cont Not• 23 Contlng•nt Ilabllltles and contlng•nl a88•ts 23.1 Contlng•nt Ilabi1rf1g¥ Vlh•rn th• char6ty has ¢ontlng•nt Il•bllllW ¢ompl* th• foWtyaTM¥J S•Ctlon th• po••lblllty ol the1r•xJst￿V h r•mot•. Thls year 0¢8criptbon of rt•rn kne1￿11￿4 Its l•gal n•tw•. PI•M• dos¢rfb• any $￿urIty provldod In ¢ofin•cllon to th• Ilablllty. E6tlm*t• of financlal •if•ct L• Do&crIp￿On of It•m Includlng It•1•oal naturn. Pl•a8• d•8crfb• •ny *•curlty p￿dId In ¢onn•¢tlon to th• H*bllty. E•llm•t• Of fin￿1•1 •ff•ct 232 Conllng•nl I•￿ta IMi•f• th• charlty ¢ontlng•nt MMt•. pl•u• cornpl•l•th• lolty*kng Metton wh•n th•lr •xk•t•ne• l* prnbab Th18 y￿r E•thn•t• of Iln•nclal •ff•¢¢ L**t yur D•8e n •1 It•ffl EBtlmat• olfvn¢l•l •ff•rt 23A Oth•r dlodo•ur•• contln9•ntaM•ts •ndlorlioblHO•* Pl•u• th• followlnq InfomMU•n wh•rn wactk•bl•: Thls >wr Last yaar Explaln any uncertalntles r•lollng lo th• •nwunt tlmlng of $¢t¢l•m•nt and the pos8lblltyol•ny r•imburd•rnent Wh•r• tt is not praclcal to fftak• one or rnor• of th• dlsclo8UrnS, P[￿¥ stat8 thL8 fact CC17a (ExtÉll 29101r2￿24 Section C Notes lo the 3cc¢unis Icontl Not• 24 C••h It It￿￿ In hw y•*r Short t•rni d•po•lts CaBh at b•nk and h•nd Oth•r Totsl 87,358 ,639 C£17&(Exr Section C Notes to thp a¢coiJnts Icontl Notè 25 Falr valu• of au•ts and Il•blltti08 L••t 2S.1 Plu•• wovld• d•tsl• olth• ¢hwW• •xpo•uM to ¢r•dit risk (th• rl*k of }￿Umn8 4 10 duq to 4 d•btor not yylng wh4t l• ow•d), 114uldlty rl•k Ith• rf8k of mot b•lng •bl• lo m••t xhort t• fin•nclal d•m•r￿•) and m*rk•t rf•k Ith• rl•k that th• v•lue of an Itw•Btrn•nt ¥AII l•ll du• to ¢h*ng• In th• m•rk•¢l arf•lng from fifi•n￿￿ In•trum•nts whlGh th• chorlty 1$ •xpo¥•d 1¢ th• •Thd oftr• Mporting p•rknd *nd •xpWn how lh• manao•s lh￿• 25.2 Plgim g1¥• dbWl• olth• •mourt•l ¢honq• In th• f￿1 valu• of b4￿C flnanclal Instrwn•nts Idèbtarn. uedStors. In¥•&lm*rth1s•e u¢lbon 11. FR9 102 SORPII rn•uur•d at falr through th• SOFA that l• *trllxrtatsl• to ¢Mng•• kn ¢r•dll rf•k. CC17a IExcd) 41 29107r2024 Section C Notes to the accounts (cont) Note 26 Events after the end of the reportlng perlod Please compl•t• thls note ovents (not requlnTng adjustment to the ac¢ounts) have oc¢urred after the end ol the reportlng pwlod but belorn the a¢￿￿nts •rn •uthorlsod whkh relate lo ¢ondltlons that arose •ft•r th• •nd olth• Thls Last Pl&a•o provld• d•tall• ol th• n•lur• of th• ovont Provld• an esllmat• of thg flnanclal •ff•cl of the ovont or a 8talgm•nt that 8uch an estlmatè cannot bo mado CC17a {Excell 42 2910712024 11111111111 111111111111 11111111111 1111111111 I'iiiiiiiiiij lllliiiiiiiiiiii 111. yiiiiiiiiii Section C Notes to the accounts (cont) Note 27 Charity funds (cont) 27.3 Transfers betw••n funds This year R•as¢Jn for transfor and wher• •ndowment Is converted to In¢om•. legal pwr for h converslon Arnount 8ets#een unrestrlcted and restrbcled funds Befv￿en endowment and restricted funds Between e￿loWMent arKI Unrestr￿ted funds R•a*on for trnnlfer and wh￿* •ndowm•nt Is convart•d to Incem•, legal pow•r for Its convornlon Amount Be￿On unr8slrfctsd ond reslricled funds Befvfftn endowment and restn'cled funds Between endowment and unreslrlcled funds 27.4 Deslgnatsd funds Thls ￿•r Pl•nn•d u Pu natlon Amount Last year Planned us8 Pu •e of thè d•* fbatlon Amount CC17a {Excel} 2910712024 Section C Notes to thÈ accounts Note 28 28.1 Tru8t•a r•myn•r•llon and b•n•rd* ThIB yvr 0mplo￿•ntWfjlh th￿f¢h•r1ty or a r•latsd ¢Tht*y (fwu• or Fth•l TOTAL oltrust•• Ip••*Jl Ilr Piul Coop•r 36.250 37.709 prDvld• •n •xpl•n•Won olth•n•lw• of 6)•p•ym•rt tY￿r FAL$E •Mpbo￿￿ry1 thkchlrfty ora rn1•I•d￿dfylT￿* orF*•l m• oftywts• r Paul Co CC17alExceD 282 Trustso8' •xp•nsg5 No Irwt•• •xp•nI￿ b••rt IrKuTh•l ¢Twu• w Fal••l TRUE ThIB y••r L#t y•*r Tr•wl sub￿St• Othgr Ipl•a•• ip•GIfyI- TOT •XP•M•• p•ld tyth• chwlty 28.3 Tw•a¢llonl*l wlth r•l•t•d P*lkn1 Th1• y•4r Th•r• ha¥• no r•lthd In lh• p*1￿1￿n￿ w F•l••) FALSE *rnc*unlq wrftt•n off durfng i•p•rtltt4 Nirn• ol W• tr￿trI or Ml*d p•rty to thwlty •thd t p•rfod •Tr Mr• K•r•n ¢•0 CC17a(EK4) 47 2W7n)24 Lost y•ar FALSE N•m• gfth• InMt•• v•l•t•d pArty tt•n off durlno r•portlry My rbDd •nd PutwIChlldr•n￿W01k v•l•llon lo th• tr•nM¢rfM* •bov•. ptsaJ•pn¥¥fd• th• 1•rn18 •nd Gondlvons, Includlnowyi•• •nd lh• rt• C¢178 IEx¢*) 29107n024 Section C Notes to the accounts {conl) Note 29 Additional Disclosures Th• followlng ar• slgnlfi¢ant mattors which aro not covered in othor notss and n￿d to be included to provide a proper understandlng of the accounts. Ilthere Is Insuffklent room here, please add a separato sheeL CC17a {Exc811 49 2910712024 Compass Church Wellingborough - Year End Accounts 2022123 Independent examknerfs report to the trustees of Compxs Churth Welli•wborwih I rèport to the trustees ort my examination of the xcounts of C(xnpass Church Wellin8borou8h for the year ended 31 Ociober 2023. Responslbllltles basis of rep( As the charity trusiees of Compass Church Wèllin8borou8h you are responsi￿t for thè preparation of ihe account5 in accordarKe with the reguirements of the Charitie5 Act 2011. I report In resFert of my èxamination of Compass Church Wellin8borcA*h's accounts carried out under section 145 of the Charities Act 2011 and in carrytng out my examination I have followed all ol the applicable Directions given by ihe Charity Commission under seuion 145ISllbl of the Charities Act 2011. Independent examinerfg 5tstEment I have complete(I my examination. I confirm that no malerial matters have come to my attention in connection with examination giving me cause to believe that in any material respect.. Accovnting records wefe fb)t kept in respect of Compass Church Wellln8bort)U8h as required by serti¢M 130 of thè CharitiÈs 2011- tsr The accounts do not accord with those records: or The account5 do not compty with the applicable requirements concernin8 the form and content of the accounts set out in the Charities IIAccount5 and Report51 Re8ulations 2tA)8 oiher than any rèquirement that thÈ %counts give a ttrue arKJ fair View, whi¢h is not a mattÈr ¢onsi(Jered as part of an independent examination. I have no ¢on¢erns arhd have come au055 no other matters in connett￿n wilh the Examination to which attention should be drawn in this reFK)rt in ordei to e•)able a proper understsndinÈ of the accounts to be rèathed. Gray FCA 2 8ader Way, Northampton, NN2 7FZ 24107n024