OpenCharities

This text was generated using OCR and may contain errors. Check the original PDF to see the document submitted to the regulator.

2022-12-31-accounts

Charity Registration No. 1172948

Company Registration No. 10457781 (England and Wales)

COMPASSION ACTS LIMITED

ANNUAL REPORT AND UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 DECEMBER 2022

https://compassionacts.uk

1 | P a g e

COMPASSION ACTS LIMITED

LEGAL AND ADMINISTRATIVE INFORMATION

FOR THE YEAR ENDED 31 DECEMBER 2022

Trustees Patrick Evans
Allan Salisbury
William Harrison
Vivian Cupit
Alex Holdsworth
Marlyn Banham
Michael Perrett
Dympna Edwards
Company secretary Richard Owens
Chief Executive Richard Owens
Charity number 1172948
Company number 10457781
Registered office Victoria Centre, 197A Sussex Road
Southport
PR8 6DG
Business Address Victoria Centre, 197A Sussex Road
Southport
PR8 6DG
Independent examiner Lifestyles Accountancy Limited
39 Kirklees Road
Southport
PR8 4RB
Bankers HSBC Plc
160 Lord Street
Southport
PR8 1NJ

2 | P a g e

COMPASSION ACTS LIMITED

CONTENTS

FOR THE YEAR ENDED 31 DECEMBER 2022

Page
Trustees' report 4 - 10
Independent examiner's report 11
Statement of financial activities 12
Balance sheet 13
Notes to the financial statements 14 - 22

3 | P a g e

COMPASSION ACTS LIMITED

TRUSTEES' REPORT (INCLUDING DIRECTORS' REPORT)

FOR THE YEAR ENDED 31 DECEMBER 2022

The trustees present their report and financial statements

The financial statements have been prepared in accordance with the accounting policies set out in note 1 to the financial statements and comply with the charity's governing document, the Companies Act 2006 and “Accounting and Reporting by Charities: Statement of Recommended Practice applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102)” (as amended for accounting periods commencing from 1 January 2019).

The charity is a company limited by guarantee, formed on 2 November 2016 and governed by its memorandum and articles of association as amended by special resolution registered at Companies House on 7 March 2017 as amended on 22 May 2019.

Objectives and activities

The Objects of Compassion Acts Limited are for the public benefit:

  1. The relief of poverty for persons in and around Southport and Formby who are in conditions of need, hardship or distress by reason of their social and/or economic circumstances by providing and promoting the provision of advice and other services as the directors of the charity may from time to time think fit.

  2. The advancement of education of the public living in and around Southport and Formby in all matters relating to the management of their personal finances.

  3. The advancement of the Christian faith and doctrine in the UK.

This is achieved via the following activities:

The trustees have paid due regard to guidance issued by the Charity Commission in deciding what activities the charity should undertake.

4 | P a g e

COMPASSION ACTS LIMITED

TRUSTEES' REPORT (INCLUDING DIRECTORS' REPORT) (CONTINUED)

FOR THE YEAR ENDED 31 DECEMBER 2022

2022 at a Glance. We:

This trustees report will outline a year of development and growth in the face of extraordinary pressure on the family finances and food security in all of our neighbourhoods. This report, along with the annual accounts form the charity’s annual report to the Charity Commission. It will be supplemented by an Impact Report video and booklet in June 2023, a format that was well received in 2022.

1 Who we are

Compassion Acts is a Christian charity based in Southport and surrounding areas that aims to reduce and prevent poverty through various interventions.

2 What we do

We do this through a range of programmes managed by volunteers and led by a small and dedicated team of staff. These programmes include:

5 | P a g e

COMPASSION ACTS LIMITED

TRUSTEES' REPORT (INCLUDING DIRECTORS' REPORT) (CONTINUED)

FOR THE YEAR ENDED 31 DECEMBER 2022

3 Themes for 2022

3.1 New challenges & developments:

Coming straight off the back of the COVID-19 crisis, volunteers and staff have had to prepare and deliver project interventions for the looming Cost of Living crisis. This started to show itself early in 2022 in our feedback from clients and Foodbank statistics. It was then escalated by the war in Ukraine and the UK Government’s budget in September of the year.

This led to two challenges, an increase in the number of people asking for help from our programmes and a reduction in the amount of food donations as fewer people could afford to donate. We responded to this by communicating effectively with partner churches and organisations, who were still able to donate and by diversifying our food supply chain, using some reserves to buy food where needed. This proactive communication resulted in increased donations and food stocks being replenished.

With the planned arrival of refugees from Ukraine the charity set up a Ukraine Welcome Centre, with information and support available in two venues for the majority of 2022. This has also included support for hosts and informal networking.

In October 2022 we opened 4 warm spaces to supplement the existing warm space provided by Compassion Acts. This has provided opportunities for more local community involvement within our programmes and volunteers.

Despite being agile enough to respond to these emerging trend and pressures, the charity remained focused on its strategic framework ‘Going Upstream’ to plan creative and thoughtful interventions in the poverty cycle that reduced the need for emergency Foodbank use at all.

An experimental ‘Community Hub’ was opened in Summer 2022 in Cambridge Walks in the town centre of Southport. This innovation as part of our Pathfinder Foodbank programme with Trussell Trust and in a short space of time had over 400 contacts with members of the public at our own and 3[rd] party drop-in events, with 31 referrals into our other services.

3.2 Strengthening what we do

In 2022 the charity looked to strengthen its operations and how we do what we do. The charity invested in a new CharityLog client management system to improve effectiveness and efficiency of administrative functions.

We reviewed the school holiday programme and number of programmes and looked for areas to strengthen management and governance across staff and volunteers.

We invested in staff and volunteers through training particularly in Safeguarding which has been rolled out across the organisation. This has been very well received. A volunteer WhatsApp group has

6 | P a g e

COMPASSION ACTS LIMITED

TRUSTEES' REPORT (INCLUDING DIRECTORS' REPORT) (CONTINUED)

FOR THE YEAR ENDED 31 DECEMBER 2022

kept volunteers informed and engaged. Some service users have been recruited to become volunteers which has brought an added bonus to our work.

Compassion Acts has committed to being a real living wage employer and awarded staff a pay increase in line with the cost of living. Information collation and reporting arrangements have been strengthened as outlined later in the section on governance.

We invested in shops for the Banks and Formby Pantries to strengthen customer choice which has been well received and grown our member and volunteer base as a result.

We have undertaken a survey of clients as part of a Trussell Trust Organising and Mobilisation pilot. This has provided useful feedback from service users on their experience and will be used to improve our services and work with partner organisations on the issues emerging.

As a Christian charity, our practical and tangible work with clients speaks publicly of our faith in a simple yet profound way. Additionally, we also take seriously our remit to bring the churches together in prayer, action and conversation on the issues of poverty, injustice and wellbeing, so prevalent in our society. We have done this throughout the year and plan for more events in 2023.

3.3 Working in partnership

Communications and partnership have also been key themes in 2022. Through the Trussell Trust pathfinder programme we have actively sought to share best practice and learn from other organisations. We have strengthened links with local supporter organisations including churches.

During 2022 we developed a programme to deliver welfare advice and support to a foodbank in a neighbouring area. This makes the best use of skills and provides a more resilient service and economies of scale across a broader area. The programme will be fully rolled out in 2023.

Good communication with funder and referral partners has ensured effective work and enough resources to address the growing needs in the local area. Throughout 2022 we were happy to support a small grassroots food project Place2Be, in Woodvale, with just over 3 Tonnes of staple food items.

4 Financial information

The income for the year amounted to £642,556, which was a significant increase from previous years. Grants income was significantly higher than budget and reflects some funding for activity in 2023. Donations were also improved greatly over previous years. We are very grateful to all the individuals and organisations who have donated food and funding. A list of the major donors is outlined at the end of the report.

Expenditure was higher than in previous years due to planned increased staffing, expanded programmes and higher premises and utility costs. The charity made a surplus of £68,906 against a planned deficit due to grants received in advance. With overall reserves of £461,414 the charity remains in a strong and sustainable financial position.

7 | P a g e

COMPASSION ACTS LIMITED

TRUSTEES' REPORT (INCLUDING DIRECTORS' REPORT) (CONTINUED)

FOR THE YEAR ENDED 31 DECEMBER 2022

The reserves policy is to hold general unrestricted reserves to cover six months’ expenditure in the event that there is a significant reduction in income. The general unrestricted reserves held at the end of the year of £284,723 would amount to approximately 6 months of expenditure including the monetary value of the donated goods.

5 Governance and Management

The charity is overseen by a board of trustees who are also the directors of the company for the purpose of company law. The foodbanks are provided within the Trussell Trust guidelines and the debt advice within the Community Money Advice guidelines both of which provide some external governance support. We are also regulated by the Financial Conduct Authority.

The trustees meet formally on a quarterly basis and additionally at the annual general meeting.

A new chair of trustees was appointed at the AGM in March 2022. Over the year the board has undertaken development to understand and strengthen governance. A scheme of delegation has been developed and agreed to clarify decision making and different levels within the organisation.

Development of board members has included a skills audit to identify any gaps which has led to planned trustee recruitment in 2023. The board has also undertaken an audit and training on safeguarding adults and children .

The board reviews its balance of skills periodically and seeks to appoint new trustees when skills gaps are identified. Appointment of trustees would first be considered through an application process and interview, followed by a majority board vote. Induction is provided by the current board and the chief executive and ongoing training is undertaken as an “as and when” basis.

The number of staff and volunteers have both grown in line with the expansion of programme. By the end of 2022 the charity had 180 volunteers supported by 11 part time staff (7.3 full time equivalent staff). Management was strengthened through additional management roles which enabled the Chief Executive Officer to focus on more strategic developments.

The board has revised its performance and financial reporting and now has a clearer overview of the diverse programmes and services of the organisation. This has been demonstrated in decisions made about current and future programmes of work which have been assessed against our agreed strategic framework.

One trustee retired towards the end of 2022, due to taking up a paid post within the organisation.

6 Pay setting policy

During 2021 a remuneration policy was drafted and approved and implemented in 2022. This policy benchmarks pay rates with a view to be able to provide at least the living wage and all paid staff are remunerated in accordance with this policy.

8 | P a g e

COMPASSION ACTS LIMITED

TRUSTEES' REPORT (INCLUDING DIRECTORS' REPORT) (CONTINUED)

FOR THE YEAR ENDED 31 DECEMBER 2022

7 Related parties

During each trustee meeting a register of interests is taken to ensure that all possible related parties are known. Throughout the year there were no known related party transactions.

8 Plans for future periods

The charity operates on preparing a 5 year plan and is currently in the third year of the current plan. Over the coming year it is intended that a thorough review of how well the charity compares to this plan is undertaken and a new 5 year plan be drafted based on this. Whilst this process takes place the charity will continue to aim to fulfil its charitable objectives as fully as it is able.

9 Trustees during the year 2022 include:

The trustees who served during the year and up to the date of signature of the accounts were:

Patrick Evans Allan Salisbury Tracey Illingsworth - resigned 31 December 2022 Vivian Cupit Alex Holdsworth Marlyn Banham Michael Perrett - resigned 17 April 2023 William Harrison Dympna Edwards Gordon Montgomery - appointed 17 April 2023 David Oliver - appointed 17 April 2023 Graham Turner - appointed 17 April 2023 Margaret Leonard - appointed 17 April 2023, resigned 22 May 2023

Company Secretary: Richard Owens

7 Thank you to our donors, referral partners and volunteers

We thank everyone who has donated time, food and funding. We would like to acknowledge the funding of those who donated £1,000 or more in 2022 including:

9 | P a g e

COMPASSION ACTS LIMITED

TRUSTEES' REPORT (INCLUDING DIRECTORS' REPORT) (CONTINUED)

FOR THE YEAR ENDED 31 DECEMBER 2022

What our beneficiaries say:

“I want to say how lovely, welcoming and practical the volunteers are. My husband has terminal cancer and I’m his carer so we are finding times very difficult but we are so fortunate to be able to come here. We don’t get out socially apart from this” A Warm Space visitor.

“Thank you very much for what you do for us Ukrainians. Your support is very important to us in such a difficult time. Your support gives us strength and hope.” A young Ukrainian woman.

“I came into the very comfortable community hub after seeing it passing. My wife had heard that I might be eligible for Attendance Allowance but I wasn’t sure how it all worked and was anxious. Your team made me a face to face appointment at the Victoria Centre in just a few weeks. The application was successful and I awarded £61.85 per week to assist with my wife’s care” Mr J, a client.

“I just want to say a huge thank you for the food you gave me today. I’ve instantly gone from trying to work out what I have left to give my daughter, to looking in the cupboard and having so much to choose from. We’ve each had a biscuit when we got home and that was the first thing I’ve eaten in almost 48 hours.” A Foodbank guest.

“Really friendly staff and appreciate all the help and advice provided. I was scared the first few times but had a very warm welcome and myself and children are really grateful.” A Food Pantry member.

This trustees' report was approved by the Board of Trustees on 24 July 2023.

..............................

Dympna Edwards, Chair

10 | P a g e

COMPASSION ACTS LIMITED

INDEPENDENT EXAMINER’S REPORT

FOR THE YEAR ENDED 31 DECEMBER 2022

I report to the trustees on my examination of the financial statements of Compassion Acts Limited (the charity) for the year ended 31 December 2022.

Responsibilities and basis of report

As the trustees of the charity (and also its directors for the purposes of company law) you are responsible for the preparation of the financial statements in accordance with the requirements of the Companies Act 2006 (the 2006 Act).

Having satisfied myself that the financial statements of the charity are not required to be audited under Part 16 of the 2006 Act and are eligible for independent examination, I report in respect of my examination of the charity’s financial statements carried out under section 145 of the Charities Act 2011 (the 2011 Act). In carrying out my examination I have followed all the applicable Directions given by the Charity Commission under section 145(5)(b) of the 2011 Act.

Independent examiner's statement

Since the charity’s gross income exceeded £250,000 your examiner must be a member of a body listed in section 145 of the 2011 Act. I confirm that I am qualified to undertake the examination because I am a member of The Institute of Chartered Accountants in England and Wales, which is one of the listed bodies.

I have completed my examination. I confirm that no matters have come to my attention in connection with the examination giving me cause to believe that in any material respect:

I have no concerns and have come across no other matters in connection with the examination to which attention should be drawn in this report in order to enable a proper understanding of the financial statements to be reached.

Daniel Styles FCA

For and on behalf of Lifestyles Accountancy Limited, 39 Kirklees Road, Southport, PR8 4RB

Dated: 31 July 2023

11 | P a g e

COMPASSION ACTS LIMITED

STATEMENT OF FINANCIAL ACTIVITIES (INCLUDING INCOME AND EXPENDITURE ACCOUNT)

FOR THE YEAR ENDED 31 DECEMBER 2022

Note
Income from:
Donations and legacies
2(a)
Charitable activities
2(b)
Other income
2(c)
Investment income
2(c)
Total income
Expenditure on:
Charitable activities
3
Total expenditure
Net income/Net movement in funds
Total funds brought forward
Total funds carried forward		 Unrestricted
Restricted
Funds
Funds
2022
2022
£
£
423,262
197,262
21,047
-
-
-
985
-
445,294
197,262
328,775
244,875
328,775
244,875
116,519
(47,613)
258,204
134,304
374,723
86,691		 Total
Funds
2022
£
620,524
21,047
-
985
642,556
573,650
573,650
68,906
392,508
461,414		 Total
Funds
2021
£
487,366
8,534
50
16
495,966
407,143
407,143
88,823
303,686
392,508

The Statement of Financial Activities includes gains and losses recognised in the year. All income and expenditure derive from continuing activities.

The Statement of Financial Activities also complies with the requirements for an Income and Expenditure account under the Companies Act 2006.

The Statement of Financial Activities for the comparative year can be found in Note 14.

The notes on pages 14 - 22 form part of these financial statements.

12 | Page

COMPASSION ACTS LIMITED

BALANCE SHEET

AS AT 31 DECEMBER 2022

Note
Fixed assets
Tangible assets
7
Current assets
Stocks
8
Debtors
9
Cash at bank and in hand
Creditors: amounts falling due within one year
10
Net current assets
Net assets
Reserves
Restricted funds
13
Designated funds
12
Unrestricted funds
12
Total funds		 2022
£
8,657
33,321
2,865
419,812
455,998
(3,241)
452,758
461,414
86,691
90,000
284,723
461,414		 2021
£
Restated
5,431
24,010
2,225
370,211
396,446
(9,369)
387,077
392,508
134,304
85,000
173,204
392,508

The company is entitled to the exemption from the audit requirement contained in section 477 of the Companies Act 2006, for the year ended 31 December 2022.

The trustees acknowledge their responsibilities for ensuring that the charity keeps accounting records which comply with section 386 of the Act and for preparing financial statements which give a true and fair view of the state of affairs of the company as at the end of the financial year and of its incoming resources and application of resources, including its income and expenditure, for the financial year in accordance with the requirements of sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the company.

The members have not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476.

These financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies’ regime.

The notes on pages 14 - 22 form part of these financial statements.

The financial statements were approved by the Trustees on 24 July 2023.

Dympna Edwards Chair of Trustees

Company Registration No. 10457781

13 | Page

COMPASSION ACTS LIMITED

NOTES TO THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 DECEMBER 2022

1 Accounting policies

1.1 Charity information

Compassion Acts Limited is a private company limited by guarantee incorporated in England and Wales. The registered office is Victoria Centre, 197A Sussex Road, Southport, PR8 6DG.

1.2 Accounting convention

The financial statements have been prepared in accordance with the Companies Act 2006 and “Accounting and Reporting by Charities: Statement of Recommended Practice applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102)” (as amended for accounting periods commencing from 1 January 2019). The charity is a Public Benefit Entity as defined by FRS 102.

The charity has taken advantage of the provisions in the SORP for charities applying FRS 102 Update Bulletin 1 not to prepare a Statement of Cash Flows.

The financial statements are prepared in sterling, which is the functional currency of the charity. Monetary amounts in these financial statements are rounded to the nearest £.

The financial statements have been prepared under the historical cost convention, modified to include the revaluation of freehold properties and to include investment properties and certain financial instruments at fair value. The principal accounting policies adopted are set out below.

1.3 Going concern

At the time of approving the financial statements, the trustees have a reasonable expectation that the charity has adequate resources to continue in operational existence for the foreseeable future. Thus the trustees continue to adopt the going concern basis of accounting in preparing the financial statements.

1.4 Charitable funds

Unrestricted funds are available for use at the discretion of the trustees in furtherance of their charitable objectives unless the funds have been designated for other purposes.

Restricted funds are subject to specific conditions by donors as to how they may be used. The purposes and uses of the restricted funds are set out in the notes to the financial statements.

Designated funds are those unrestricted funds set aside by the Trustees for specific purposes.

1.5 Incoming resources

Income is recognised when the charity is legally entitled to it after any performance conditions have been met, the amounts can be measured reliably, and it is probable that income will be received.

Cash donations are recognised on receipt. Other donations are recognised once the charity has been notified of the donation, unless performance conditions require deferral of the amount. Income tax recoverable in relation to donations received under Gift Aid or deeds of covenant is recognised at the time of the donation.

Legacies are recognised on receipt or otherwise if the charity has been notified of an impending distribution, the amount is known, and receipt is expected. If the amount is not known, the legacy is treated as a contingent asset.

14 | Page

COMPASSION ACTS LIMITED

NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)

FOR THE YEAR ENDED 31 DECEMBER 2022

1 Accounting policies (continued)

1.6 Tangible fixed assets

Tangible fixed assets are initially measured at cost and subsequently measured at cost or valuation, net of depreciation and any impairment losses.

Depreciation is recognised so as to write off the cost or valuation of assets less their residual values over their useful lives on the following bases:

Fixtures and fittings 25% straight line Office equipment 25% straight line Motor vehicles 25% straight line

The gain or loss arising on the disposal of an asset is determined as the difference between the sale proceeds and the carrying value of the asset and is recognised in net income/(expenditure) for the year.

1.7 Impairment of fixed assets

At each reporting end date, the charity reviews the carrying amounts of its tangible assets to determine whether there is any indication that those assets have suffered an impairment loss. If any such indication exists, the recoverable amount of the asset is estimated in order to determine the extent of the impairment loss (if any).

1.8 Stocks

Stocks represent food and consumables held by the Foodbank & Food Pantry. Food stocks are stated at an average value provided by the Trussell Trust. Other stocks are stated at the lower of cost or net realisable value.

1.9 Cash or cash equivalents

Cash and cash equivalents include cash in hand and deposits held at call with banks.

1.10 Financial instruments

The charity has elected to apply the provisions of Section 11 ‘Basic Financial Instruments’ and Section 12 ‘Other Financial Instruments Issues’ of FRS 102 to all of its financial instruments.

Financial instruments are recognised in the charity's balance sheet when the charity becomes party to the contractual provisions of the instrument.

Financial assets and liabilities are offset, with the net amounts presented in the financial statements, when there is a legally enforceable right to set off the recognised amounts and there is an intention to settle on a net basis or to realise the asset and settle the liability simultaneously.

1.11 Restatement of prior year

The restricted funds for the prior year have been restated in order to reclassify a grant which had previously been classified as restricted to unrestricted since the grantee did not impose any conditions on the use of the funds.

15 | Page

COMPASSION ACTS LIMITED

NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)

FOR THE YEAR ENDED 31 DECEMBER 2022

2
Income
(a) Donations and gifts
Grants
Donated goods and services
(b) Charitable activities
Food Pantry - Members' contributions
(c) Other
Events
Bank interest
Total Income		 Unrestricted
Restricted
Funds
Funds
2022
2022
£
£
150,447
-
100,120
197,262
172,695
-		 Total
Funds
2022
£
150,447
297,382
172,695		 Total
Funds
2021
£
99,216
268,924
119,226
423,262
197,262		 620,524 487,366
21,047
-		 21,047 8,534
-
-
985
-		 -
985		 50
16
985
-		 985 66
445,294
197,262		 642,556 495,966

16 | Page

COMPASSION ACTS LIMITED

NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)

FOR THE YEAR ENDED 31 DECEMBER 2022

3 Expenditure on Charitable Activities

Advice
Services		 Foodbank Pantry Social
Wellbeing		 Total Total
2022 2022 2022 2022 2022 2021
£ £ £ £ £ £
Advertising/awareness 1,741 1,142 1,835 2,360 7,078 3,862
Direct project expenses 2,495 - - 26,965 29,460 29,221
Donated foodstock - 172,510 13,447 - 185,957 153,002
Premises costs 10,277 14,926 22,305 19,684 67,192 -
Sundry expenses 2,007 529 2,881 881 6,298 7,173
Travel and motor 552 3,127 3,569 609 7,857 356
Wages and staff costs (inc training) 58,286 52,114 44,546 54,219 209,165 137,122
Winter assistance 5,403 5,403 5,402 5,401 21,609 -
Total charitable costs 80,761 249,751 93,985 110,119 534,616 330,736
Share of support costs (see note 4) 5,896 18,235 6,862 8,041 39,034 76,407
86,657 267,986 100,847 118,160 573,650 407,143
Analysis by fund
Unrestricted Fund 46,201 212,148 47,130 23,296 328,775 118,575
Restricted Fund 40,456 55,838 53,717 94,864 244,875 288,568
86,657 267,986 100,847 118,160 573,650 407,143

17 | Page

COMPASSION ACTS LIMITED

NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)

FOR THE YEAR ENDED 31 DECEMBER 2022

4 Support Costs

Support Costs

Unrestricted
Restricted
2022
2021
£
£
£
£
Premises costs
15,393
-
15,393
36,813
Depreciation
2,254
-
2,254
1,663
Motor and travel
-
-
-
4,480
Printing and postage and sundry
58
2,301
2,359
3,057
Telephone, computer and office equipment
5,937
10,431
16,368
18,799
Legal and Professional
500
1,050
1,550
3,300
Project development and OLM Project
432
-
432
6,549
Governance Costs
Independent Examiners fee
-
678
678
1,746
Totals
24,574 14,460
39,034
76,407		 Unrestricted
Restricted
2022
2021
£
£
£
£
Premises costs
15,393
-
15,393
36,813
Depreciation
2,254
-
2,254
1,663
Motor and travel
-
-
-
4,480
Printing and postage and sundry
58
2,301
2,359
3,057
Telephone, computer and office equipment
5,937
10,431
16,368
18,799
Legal and Professional
500
1,050
1,550
3,300
Project development and OLM Project
432
-
432
6,549
Governance Costs
Independent Examiners fee
-
678
678
1,746
Totals
24,574 14,460
39,034
76,407
Independent Examiners fee
Totals
24,574 14,460
39,034
76,407

Support costs includes the Independent examiners fee payable to Lifestyles Accountancy of £678.

In the current year, costs in respect of rent and utilities, motor expenses and project costs have been allocated directly to the relevant charitable activities.

5 Trustees

None of the trustees (or any persons connected with them) received any remuneration or benefits from the charity during the year (2021 - none).

6 Employees

Employees
The average monthly number of employees during the year.
Number (full time equivalent)
Employment Costs
Wages and salaries
Social security costs
Pension costs		 2022
2021
Number
Number
11(7.3)
8(3.6)
2022
2021
£
£
186,294
126,375
8,290
2,622
10,093
6,289
204,677
135,286

No employee earned more than £60,000 throughout the year (2021 - none).

18 | Page

COMPASSION ACTS LIMITED

NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)

FOR THE YEAR ENDED 31 DECEMBER 2022

7 Fixed Assets

Fixtures and
Office
Fittings
Equipment
£
£
Cost
At 1 January 2022
1,143
2,326
Additions
5,479
-
Disposals
-
-
At 31 December 2022
6,622
2,326
Depreciation
At 1 January 2022
1,143
2,145
Charge for the year
572
181
Disposals
-
-
At 31 December 2022
1,715
2,326
Net book value
At 31 December 2022
4,907
-
At 31 December 2021
-
181
8
Stocks
Food stock and consumables
9
Debtors: Amounts falling due within one year
Gift aid receivable
PAYE repayable from HMRC
10 Creditors: Amounts falling due within one year
Other creditors
HMRC
Accruals and deferred income		 Fixtures and
Office
Fittings
Equipment
£
£
1,143
2,326
5,479
-
-
-		 Motor
Vehicles
£
10,944
-
-
10,944
5,694
1,500
-
7,194
3,750
5,250
2022
£
33,321
2022
£
1,618
1,247
2,865
2022
£
1,241
-
2,000
3,241		 Total
£
14,413
5,479
-
6,622
2,326		 19,892
1,143
2,145
572
181
-
-		 8,982
2,253
-
1,715
2,326		 11,235
4,907
-		 8,657
-
181		 5,431
2021
£
24,010
2021
£
2,225
-
2,225
2021
£
925
6,944
1,500
9,369

19 | Page

COMPASSION ACTS LIMITED

NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)

FOR THE YEAR ENDED 31 DECEMBER 2022

11
**12 **		 Analysis of Net Assets
Tangible fixed assets
Current assets
Current liabilities
Unrestricted Funds
General Funds
Designated Funds:
Renewable Energy Fund
Van replacement fund
Project Development Fund
Additional Storage fund
Contingency Fund
Unrestricted Funds prior year
General Funds
Designated Funds:
Renewable Energy Fund
Van replacement fund
Project Development Fund
Additional Storage fund
Contingency Fund		 Balance at
01.01.22
£
173,204
20,000
15,000
20,000
10,000
20,000		 Restricted Unrestricted
Total
2022
2022
2022
£
£
£
-
8,657
8,657
86,691
369,307
455,998
-
(3,241)
(3,241)
86,691
374,723
461,414
Transfers
Received
Expended
in year
in year
in year
£
£
£
(15,000)
445,294
(318,775)
-
-
-
-
-
-
15,000
-
(10,000)
-
-
-
-
-
-
-
445,294
(328,775)
Transfers
Received
Expended
in year
in year
in year
£
£
(65,000)
233,508
(95,694)
20,000
-
-
15,000
-
-
20,000
-
-
10,000
-
-
-
-
(22,881)
-
233,508
(118,575)		 Total
2021
£
5,431
396,446
(9,369)
392,508
Balance at
31.12.22
£
284,723
20,000
15,000
25,000
10,000
20,000
258,204 374,723
Balance at
01.01.21
£
100,391
-
-
-
-
42,881		 Balance at
31.12.21
£
173,204
20,000
15,000
20,000
10,000
20,000
143,272 258,204

The designated funds are for the following purposes:

20 | Page

COMPASSION ACTS LIMITED

NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)

FOR THE YEAR ENDED 31 DECEMBER 2022

13 Restricted Funds
Restricted Funds
Restricted Funds(restated)		 Balance at
Transfers
Income
Expenditure
Balance at
01.01.22
in year
in year
in year
31.12.22
£
£
£
£
134,304
-
197,262
(244,875)
86,691
Balance at
Transfers
Income
Expenditure
Balance at
01.01.21
in year
in year
in year
31.12.21
£
£
£
£
160,415
-
262,458
(288,568)
134,304

Restricted funds include grants and donations received by the charity during the year with specified expenditure areas on which these funds can be used. As the charity has grown and additional departments have been created relating to the charitable activities, in order to aid understanding of the financial statements, these charitable activities and their associated expenditures from restricted and unrestricted funds can be seen in detail in Note 3.

As the funding sources have specified restrictions on the income both in terms relating to the departments used internally, and also to the type of expenditure, which can then go across charitable activity categories and also support costs, the classification of restricted funds by charitable activity is no longer appropriate.

The restricted funds for the prior year have been restated in order to reclassify a grant which had previously been classified as restricted as unrestricted as the grantee did not impose any conditions on the use of the funds.

21 | Page

COMPASSION ACTS LIMITED

NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)

FOR THE YEAR ENDED 31 DECEMBER 2022

14 Comparative Statement of Financial Activities

Income from:
Donations and legacies
Charitable activities
Other income
Investment income
Total income
Expenditure on:
Charitable activities
Total expenditure
Net income/Net movement in funds
Total funds brought forward
Total funds carried forward		 Unrestricted
Restricted
Funds
Funds
2021
2021
£
£
RESTATED
RESTATED
233,442
253,924
-
8,534
50
-
16
-
233,508
262,458
118,575
288,568
118,575
288,568
114,933
(26,110)
143,272
160,413
258,205
134,303		 Total
Funds
2021
£
487,366
8,534
50
16
495,966
407,143
407,143
88,823
303,685
392,508

22 | Page