OpenCharities

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

2021-12-31-accounts

COMPA FOR LIFE FOUNDATION The Compass For Life Foundation Unaudited Report and Accounts For the year ended 31 December 2021 Charity Registralion No. 1181273

The Compass For Life Foundation Contents

PAGE
Legal and Administrative Information 1
Report of the Trustees 2 - 6
Independent Examiner's Report 7
Statement of Financial Activities 8
Balance Sheet 9
Notes forming part of the Financial Statements 10 - 13

The Compass for Life Foundation

1;<;H;D9; 7D: 7:C?D?IJH7J?L; ?D<EHC7J?ED

3HKIJ;;I

5 ;[a^NMaX% 7TMU^ [R H^a_QQ_ F @QcU_ F GT[^` G >[TZ

(>?;< )N;9KJ?L;

: K[[P^[c A69 87A

0H?D9?F7B /<<?9;

"# ';B=H7L; IGK7H; 25"6 $02

Charity Number: ""&"#%$

&K:?JEHI

A[[^Q ?UZS_[Z GYUT% /[#!] :X[[^% 2 5\[XP G^QQ% @[ZP[Z 97+5 +5D

'7DA;HI

<G67 6MZW% 1 7MZMPM G]aM^Q% 7MZM^e KTM^R% @[ZP[Z 9*- .<E

2EB?9?JEHI

G5 @Mc% ;XMP_[ZQ DXMOQ% ,/&,1 I\\Q^ AM^XN[^[aST F[MP% G 5XNMZ_% <Q^`R[^P_TU^Q% 5@* ,II

HTQ ^a_QQ_ \^Q_QZTQU^ MZZaMX ^Q[^MZP RUZMZOUMX _MQYQZ [R TQ OTM^Ue R[^ TQ eQM^ QZPQP ,*["#] 8QOQYNQ^ +)+*' HTQ RUZMZOUMX _MQYQZ TMbQ NQQZ \^Q\M^QP UZ MOO[^PMZOQ cUTTQ MOO[aZUZS \[XUOUQ_ _Q [aUZ Z[Q * [TQ MOO[aZ_ MZP O[Y\Xe cUT TQ OTM^Uek_ O[Z_UaU[Z%TQ 7TM^UUQ_ 5O +)** MZP TQ GMQYQZ [R FQO[YYQZPQP D^MOUOQ3 5OO[aZUZS MZP FQ[^UZS Ne 7TM^UUQ_'

HTQ \Q^U[P \^Q_QZQP UZTQ_Q RUZMZOUMX _MQYQZ_ U_ R^[Y * >MZaM^e +)+*[ , 8QOQYNQ^ +)+'

-<:=/<=:1! 38>1:7.7/1 .70 6.7.31617<

HTQ :[aZPMU[Z U_ M ^QSU_Q^QP OTM^Ue% ZaYNQ^ **1*+0,% MZP U_ O[Z_UaQP aZPQ^ M O[Z_UaU[Z PMQP ["#] 5aSa_` +)2'

HTQ H^a_cM_ Q_MNXU_TQP Ne TQ H^a_QQ_ a_UZS P[ZMU[Z_ R^[Y \^UbMQ UZPUbUPaMX_' HTQ H^a_MOUbQXe RaZP^MU_Q_ MZP QQW [ O[ZUZaQ TQ OTM^UMNXQ c[^W PQ_U^QP Ne TQ^a_QQ_ Ne S^[cT UZ RaZPUZS MY[aZ` MZP [a^OQ_'

BQc ^a_QQ_ M^Q M\[UZQP NeTQ QdU_UZS^a_QQ_ MZP _Q^bQ R[^T^QQ eQM^ MRQ^ cTUOTTQe YMe \aTQY_QXbQ R[^cM^P R[^ ^Q&M\[UZYQZ' HTQ 7[Z_UaU[Z \^[bUPQ_ R[^ M YUZUYaY [R +^a_`QQ_'

5TQ ]aM^Q^Xe^a_QQ_k YQQUZS_% TQ^a_QQ_ MS^QQTQ N^[MP ^MQSe MZP M^QM [R MOUbUe R[^ TQ :[aZPMU[Z% UZOXaPUZS O[Z_UPQ^MU[Z [R S^MZ YMWUZS MZP ^U_W YMZMSQYQZ\[XUOUQ_ MZP \Q^R[^YMZOQ' HTQ PMe&[&PMe MPYUZU_^MU[Z [R S^MZ_ MZPTQ \^[OQ__UZS MZP TMZPXUZS [R M\XUOMU[Z_ \^U[^[ O[Z_UPQ^MU[Z NeTQ ^QXQbMZ_aN&O[YYU``QQ U_ PQXQSMQP [TQ 7TUQR 9dQOaUbQ MZPTQ 7TUQR C\Q^M`UZS CRRUOQ^'

HTQ ^a_QQ_ TMbQ PQbQX[\QP M O[PQ [R O[ZPaOR[^^a_QQ_ UZOXaPUZS R[^YMX _MQYQZ [R ^[XQ MZP ^Q[Z_UNUXUUQ_ MZP \^[bU_U[Z R[^^a_QQ^MUZUZS' BQc ^a_QQ_ YMe NQ _[aSTNe [\QZ MPbQ^U_QYQZ[^T^[aST M PUMX[SaQ cUT \QQ^_ UZ ^QXQbMZ _QO[^_% UZOXaPUZS OTM^UMNXQ'

CZ M\[UZYQZ ZQc ^a_QQ_ USZ M X ^a_QQ PQOXM^MU[Z _MQYQZ O[YYU`UZSTQY [ SUbUZS [RTQU^ UYQ MZP Qd\Q^U_Q' HTQ UZPaOU[Z \^[OQ__ R[XX[c_TQ =7G5 S[[P \^MOUOQ SaUPQ% cUT M R[^YMX UZPaOU[Z \^[S^MYYQ R[^ MZe ZQcXe M\\[UZQP ^a_QQ' HTU UZOXaPQ_ MZ UZUUMX YQQUZS cUTTQ 7TMU^ MZP TQ^a_QQ_% R[XX[cQP Ne M _Q^UQ_ [R _T[^ YQQUZS_ cUT TQ 7TUQR 9dQOaUbQ [Z UZbQ_YQZ% TQ S^MZ YMWUZS \^[OQ__% [cQ^ MZP ^Q_[Z_UNUXUUQ_ [RTQ ^a_QQ N[M^P' HTQ cQXO[YQ \MOW UZOXaPQ_ M N^UQR TU_[^e [RTQ H^a_% O[\e^a_QQ N[M^P YUZaQ_% MZP cTQZ M\XUOMNXQ M O[\e [R TQ XM_ T^QQ eQM^_ [R MZZaMX ^Q\[^ MZP MOO[aZ_% M O[\e [RTQ S[bQ^ZUZS ^a_ PQQP MZP M O[\e [R TQ 7TM^Ue 7[YYU__U[Zk SaUPMZOQ jHTQ 9__QZUMX H^a_QQ3 KTML[a BQQP[ ?Z[ck MZP j7TM^UUQ_ MZP DaNXUO 6QZQRUk'

5XX ^a_QQ_ SUbQ [R TQU^UYQ R^QQXe MZP Z[ ^a_QQ ^QYaZQ^MU[Z cM_ \MUP UZTQ eQM^' 8QMUX_ [R MZe^a_QQ Qd\QZ_Q_ MZP ^QXMQP \M^e^MZ_MOU[Z_ M^Q PU_OX[_QP UZ Z[Q + [TQ MOO[aZ_' H^a_QQ_ M^Q ^Q]aU^QP [ PU_OX[_Q MXX ^QXQbMZ UZQ^Q_ MZP ^QSUQ^TQY cUTTQ 7TUQR 9dQOaUbQ MZP UZ MOO[^PMZOQ cUT TQ H^a_k_ [XUOe cUTP^Mc R^[Y PQOU_U[Z_ cTQ^Q M O[ZRXUO [R UZQ^Q_ M^U_Q_' BQUTQ^TQ H^a_Z[^ MZe [RTQ ^a_QQ_ TMbQ UZQ^Q_ cUTTQ QPaOMU[Z _QO[^ NaMZe _aOT UZQ^Q`_ c[aXP NQ PU_OX[_QP'

Compass for Life Foundation

1?IA C7D7=;C;DJ

HTQ ^a_QQ_ TMbQ O[Z_UPQ^QP TQ YMV[^ ^U_W_[ cTUOT TQ OTM^Ue U_ Qd[QP MZP TMbQ ^QbUQcQP T[_Q ^U_W_ MZP Q_MNXU_TQP _eQY_ MZP \^[OQPa^Q_[ YMZMSQ T[_Q ^U_W_' HTQ^a_QQ_ O[Z_UPQ^ bM^UMNUXUe [R UZO[YQ R^[Y P[ZMU[Z_ MZPTQ \U\QXUZQ [R RQQ \MeUZS @95_ TQ OTM^Uek_ YMV[^ RUZMZOUMX ^U_W'

Ca^ YMV[^ [\Q^MU[ZMX ^U_W U_TQ QdQZ [ cTUOTTQ \^[S^MYYQ aOOQ__RaXXe MPbMZOQ TQ PQbQX[\YQZ [R ^QOU\UQZ_' HTQ^a_QQ_ YMZMSQTU_ ^U_W Ne ^QMUZUZS^a_QQ_ [R _aRRUOUQZ WUXX MZP Qd\Q^U_Q' KQ TMbQ MX_[ QZSMSQP cUT M ^Q_QM^OT \M^ZQ^[ QMNXU_T M ^[Na_ YQT[P [R NM_QXUZUZS MZP^MOWUZS TQ PQbQX[\YQZ [R T[_Q cQ _a\\[^ MO^[__ TQ O[T[^_ cQ _Q^bQ'

HTU_ ^QbUQc \^[OQ__ ^QMUZ_ [a^ R[Oa_ [ZTQ \aNXUO NQZQRUPQ^UbQP R^[Y [a^ RaZPUZS [RTQU^ c[^W'

B[Q3 HTQ :[aZPMU[Z O[ZUZaQP[ [\Q^MQT^[aST[aTQ 7CJ=8 DMZPQYUO cUT _[YQ M^QM_ [R c[^W ^Q_^UOQP PaQ[ XUYUMU[Z_ [Z RMOQ&[&RMOQ O[ZMO`'

/8@;9J?L;I 7D: 79J?L?J?;I ; FK8B?9 8;D;<?J

HTQ [NVQO_ [RTQ :[aZPMU[Z M^Q[ QZMNXQ OTUXP^QZ [R MXX MSQ_ [ RUZPTQU^ [cQ^ [R \a^[Q Ne SUbUZS TQY _^MQSUO _WUXX_% bMXaQ_ MZP O[ZRUPQZOQ[ MOTUQbQ TQU^ M_\U^MU[Z MZP UZ \M^UOaXM^ SUbQ OTUXP^QZ R^[Y PU_MPbMZMSQP NMOWS^[aZP_ TQ _MYQ OTMZOQ[ RaXRUX TQU^ P^QMY_ M_T[Q R^[Y TQ Y[_ \^UbUXQSQP NMOWS^[aZP'

HTQ :[aZPMU[Z MUY_[ TQX\ ^Q&UZbQZ^QMX&XURQ O[YYaZUUQ_ O[YNUZUZS ^MPUU[ZMX MZP Y[PQ^Z QOTZU]aQ_[ N^UZS [SQTQ^ OTUXP^QZ% \M^QZ_%QMOTQ^% X[OMX Na_UZQ__Q MZP UZPUbUPaMX_ cUTTQ S[MX [R TQX\UZS OTUXP^QZ MOTUQbQ TQU^ \[QZUMX' KTQ^Q \[__UNXQ% MOUbUUQ_ cUXX XUZW PU^QOXe [TQ I? BM`U[ZMX 7a^^UOaXaY'

HTQ :[aZPMU[Z OM^^UQ_ [a TQ_Q [NVQO_ Ne3

6e R[Oa_UZS [Z TQ_Q cQ MOTUQbQ [a^ _^MQSUO \^U[^UUQ_ [R QZMNXUZS OTUXP^QZ [R MXX MSQ_ [ RUZPTQU^ [cQ^ [R \a^[_Q'

+H7DJ C7A?D= FEB?9O

HTQ (0=/.<487 ,854/? *7;<4<=<1 Me PU_MPbMZMSQP \a\UX_ M^Q [Z MbQ^MSQ *1 Y[ZT_ NQTUZP TQ ^Q_ [R TQ OXM__ UZ MOMPQYUO MOTUQbQYQZ Ne TQ MSQ [R */' 5 TQ Oa^^QZ ^MQ%TQ _aPe _Me_ U cUXX MWQ .)) eQM^_[ OX[_Q `TQ SM\'

=Z +)*/% TQ SM\ ZMU[ZMXXe% MTQ QZP [R QO[ZPM^e _OT[[X% cM UXX *1 Y[ZT' =Z RMO% PU_MPbMZMSQP \a\UX_ RMXX NQTUZP TQU^ Y[^Q MRRXaQZ \QQ^ Ne M^[aZP + Y[Z`T QMOT eQM^

[bQ^ TQ O[a^_Q [R _QO[ZPM^e _OT[[X' =R cQ OM^^e [Z M TU_ \MOQ% cQ cUXX X[_Q M XQM_M Ra^TQ^ , SQZQ^MU[Z_ NQR[^Q Q]aMXUe [R [aO[YQ_ U_ ^QMXU_QPT^[aST [a^ QPaOMU[Z _e_QY'

8U_MPbMZMSQ TM_ M NUS UZRXaQZOQ [Z \a\UX_k XURQ OTMZOQ_' 5_TQ G[OUMX A[NUXUe MZP 7TUXP D[bQ^e 7[YYU__U[Zk_ +)*- jGMQ [R TQ BMU[Zk ^Q[^TUSTXUST% \a\UX R^[Y PU_MPbMZMSQP NMOWS^[aZP_ M^QcUOQ M_ XUWQXe [ NQ Z[ UZ QPaOMU[Z% QY\X[eYQZ [^ ^MUZUZS #B99H$ MZP M TUSTQ^ ^U_W [R QZPUZS a\ UZ [bQ^e M_ MPaX_'

HTQ '869.;; 28: +421 )8=70.<487 TM_ PQbQX[\QP M \^[S^MYYQ TM TQX_ OX[Q TU_ M``MUZYQZ SM\' K[^WUZS [SQTQ^ cUTQMOTQ^ MZP \M^QZ_%TQ UZUUMX +-&cQQW UZQ^bQZU[Z TQX\_ OTUXP^QZ PU_O[bQ^TQU^ UZ^UZ_UO Y[UbMU[Z MZP SUbQ_TQY TQ _WUXX_TQe ZQQP [ ^QMXU_QTQU^ [QZUMX N[T M OT[[X MZP Ra^TQ^ UZ[ XURQ' =\^[bUPQ_ M \^MOUOMX M\^[MOT [ MOTUQbUZS S[MX_TMYMZe PU_MPbMZMSQP OTUXP^QZ Oa^^QZXeTUZW M^Q UY[__UNXQ' =O[ZZQO TQY cUT MPaX_ R^[Y _UYUXM^ NMOWS^[aZP_ cT[ TMbQ MOTUQbQPTQU^ P^QMY_'

HTQ :[aZPMU[Z TM_ Q_MNXU_TQP U_ RaZPUZS \[XUOe[ MOTUQbQ U_ [NVQO R[^ TQ \aNXUO NQZQRU [ QZMNXQ OTUXP^QZ [R MXX MSQ_[ RUZP TQU^ \[cQ^ [R \a^\[_Q Ne SUbUZSTQY ^MQSUO WUXX% bMXaQ_ MZP O[ZRUPQZOQ [ MOTUQbQTQU^ M_\U^MU[Z_ MZP UZ \M^UOaXM^ SUbQ OTUXP^QZ R^[Y PU_MPbMZMSQP NMOWS^[aZP_TQ MYQ OTMZOQ [ RaXRUXTQU^ P^QMY M_ T[_Q R^[YTQ Y[` \^UbUXQSQP NMOWS^[aZP'

,EM EKH =H7DJ 7D: H;I;7H9> FHE=H7CC;I :;B?L;H;: FK8B?9 8;D;<?J%

& H;L?;M E< EKH 79>?;L;C;DJI 7D: F;H<EHC7D9;

HTQ :[aZPMU[Z TM_ MX^QMPe PQXUbQ^QP U \^[S^MYYQ UZ [bQ^ +)) _OT[[X [R cTUOT /. TMbQ S^QMQ^TMZ 0)! [R OTUXP^QZ ]aMXUReUZS R[^ \a\UX \^QYUaY' =Z[c cMZ [ Qd\MZP U [\Q^MU[Z[ ^QMOT Y[^Q [R TQ I? MZP M TUSTQ^ \^[\[^U[Z [R PU_MPbMZMSQP OTUXP^QZ' 6eTQ QZP [R +)+, UMUY_[ NQ c[^WUZS cUT MXX PU_MPbMZMSQP OT[[X'

H[ PMQTQ YMUZ PQY[Z_^MNXQ UY\MO_ TMbQ NQQZ3

HTQ :[aZPMU[Z TM_ Q_MNXU_TQP [UUbQ ^QXMU[Z_TU_ cUT MXX _MWQT[XPQ^ UZOXaPUZS OT[[X% QMOTQ^_% OTUXP^QZ MZP _a\\XUQ^_' HTQ^a_QQ_ YMWQ PQOU_U[Z_ NM_QP [Z UY\MO% UZQS^Ue MZP UZ MOO[^PMZOQ cUTTQ bMXaQ_ M__[OUMQP cUT TQ cUPQ^ [NVQOUbQ_ [R TQ :[aZPMU[Z'

.ED?JEH?D= 79>?;L;C;DJ

HTQ aOOQ__ [R TQ \^[S^MYYQ U_ QbMXaMQP bUM TQ a_Q [R \^Q MZP \[_ ^MUZUZS _a^bQe_TMcQ^Q MOOQ__UNXQ[ \M^UOU\MZ [Z YM^\T[ZQ_ MZP UDMP_ M_ cQXX_ M_ XM\[_ MZP D7'

HTQ a^bQe M^Q MZ[ZeY[a_ [ cQ cUXX NQ ^MOWUZS \[\aXMU[Z MZP aNS^[a_% ^MTQ^TMZ UZPUbUPaMX \Q^ Q' =U_ UY\[^MZcQ WQQ\TU e\Q [R _a^bQe MZ[ZeY[a_ PaQ[ TQ _QZ_UUbQ ZMa^Q [R _[YQ [RTQ ]aQ_U[Z_' KQ TMbQ P[ZQ M _aPe cUT [bQ^ .%))) OTUXP^QZ MZP e[aZS \Q[\XQ cTUOT _T[cQPTM[bQ^ TMXR #.-!$ [R [XPQ^ \a\UX_ #*/&+-$ c[aXP Z[ MZ_cQ^ T[ZQ_Xe URTQe WZQc TQe O[aXP NQ UPQZURUQP'

5_ cQXX M_ TQ 7[Y\M__ R[^ @URQ ]aQ_U[Z_ cQ UZOXaPQP [a^ bMXUPMQP ]aQ_U[Z_ [Z3

KQ UZQZP[ R[XX[c a\ TQ_Q _a^bQe_ cUT MZ[TQ^ _a^bQe M RQc [R Y[ZT_ MRQ^^MUZUZS [ X[[W M X[ZSQ^&Q^Y QRRQO_'

:[^ M RaXXQ^ ^QbUQc [R MXX [a^ ^Q_QM^OT MZP TQ RaXX _[^e R^[Y TQ NQSUZZUZS R[^ QMOT [R [a^ RaZPQP ^Q_QM^OT \^[S^MYYQ_ ^QbUQcTQ P[OaYQZ_ cTUOT OMZ NQ ^Q]aQ_QP'

*?D7D9?7B H;L?;M

HTQ H^a_k_ c[^W U_ QZU^QXe ^QXUMZ[Z P[ZMU[Z_ R^[Y UZPUbUPaMX_ MZP UZO[YQ SQZQ^MQP R^[Y RQQ_ R^[Y _OT[[X_ cT[ \Me R[^TQ \^[S^MYYQ'

=Z TQ \Q^U[P UZO[YQ cM_ f*-%,++ MZP Qd\QZPUa^Q f-)%21/' HTQ ^a_QQ_ QZ_a^Q TM eQM^ QZP ^Q_Q^bQ_ M^Q aRRUOUQZ[ YQQTQ O[YYUYQZ [R TQ :[aZPMU[Z [bQ^ TQ ZQd RUZMZOUMX eQM^ [ QZ_a^Q U O[ZUZaQP bUMNUXUe% U_ _MWQT[XPQ^ M^Q \^[QOQP MZP UZQ^^a\U[Z_ [ MOUbUUQ_[cM^P_ TQ [bQ^MXX [NVQOUbQ_ M^Q Mb[UPQP' FQ_Q^bQ_ cQ^Q M_ Qd\QOQP M , 8QOQYNQ^ +)+ M_ TQ^a_QQ_ MP[\QP M \^aPQZM\\^[MOT[ ZMbUSMQTQ :[aZPMU[ZT^[aST aZOQ^MUZUQ_ M^[aZP 7CJ=8'

-DL;IJC;DJ FEB?9O 7D: F;H<EHC7D9;

KQ P[ Z[MOUbQXe YMZMSQ RaZP_ MZP a_Q Y[ZUQ_ TQXP [ RaZP [\Q^MUZS Qd\QZ_Q_ UZ XUZQ cUT [a^ _^MQSUO [NVQO_'

0B7DI ; <KJKH;

HTQ 7[Y\M__ R[^ @URQ :[aZPMU[Z_ Raa^Q \XMZ_ UZOXaPQ3

4I; E< <KD:I ?B:H;D!

=Z TQ ZQd *+ Y[ZT_TQ ^a_QQ_ MZUOU\MQ MZ UZO^QM_Q UZ TQ ZaYNQ^_ [R @95_ MP[\UZS TQ \^[S^MYYQ MO^[__ MXX _OT[[X_ aZPQ^TQU^ a\Q^bU_U[Z' KQ TMbQ MX^QMPe MS^QQP cUT A[ZY[aT_TU^Q MZP CXPTMY PQXUbQ^e [R TQ \^[S^MYYQ UZ M[MX [R -) _OT[[X_' KQ M^Q c[^WUZS cUT [TQ^_[ MS^QQ `Q^Y'

3HKIJ;;IR H;IFEDI?8?B?J?;I ?D H;B7J?ED JE J>; <?D7D9?7B IJ7J;C;DJI

HTQ ^a_QQ_ M^Q ^Q_[Z_UNXQ R[^ \^Q\M^UZS TQ H^a_QQ_k FQ[^MZPTQ RUZMZOUMX MQYQZ_ UZ MOO[^PMZOQ cUT M\XUOMNXQ XMc MZP IZUQP ?UZSP[Y 5OO[aZUZS GMZPM^P_' HTQ XMc M\\XUOMNXQ[ OTM^UUQ_ UZ 9ZSXMZP MZP KMXQ_ ^Q]aU^Q_TQ ^a_QQ#$ [ \^Q\M^Q RUZMZOUMX _MQYQZ R[^ QMOT RUZMZOUMX eQM^ cTUOT SUbQ M ^aQ MZP RMU^ bUQc [RTQ MQ [R MRRMU^ [R TQ OTM^Ue MZP [R TQ UZO[YUZS ^Q_[a^OQ_ MZP M\\XUOMU[Z [R ^Q[a^OQ_ [R TQ OTM^Ue R[^ TM \Q^U[P' =Z \^Q\M^UZS TQ_Q RUZMZOUMX _MQYQZ% TQ^aQQ_ M^Q ^Q]aU^QP[3

HTQ ^a_QQ_ M^Q ^Q_[Z_UNXQ R[^ WQQ\UZS MOO[aZUZS ^QO[^P_ cTUOT PU_OX[_Q cUT ^QM_[ZMNXQ MOOa^MOe TQ RUZMZOUMX \[_UU[Z [R TQ OTM^Ue MZP QZMNXQ TQY[ M_OQ^MUZ[ QZ_a^Q TM TQ RUZMZOUMX _MQYQZ O[Y\Xe cUTTQ 7TM^UUQ_ 5O +)**% TQ 7TM^Ue #5OO[aZ_ MZP FQ\[^$ FQSaXMU[Z_ +))1 MZPTQ \^[bU_U[Z_ [R TQ^a_PQQP' HTQe M^Q MX_[ ^Q_\[Z_UNXQ R[^ _MRQSaM^PUZSTQ M__Q_ [RTQ OTM^Ue MZP TQZOQ R[^MWUZS ^QM_[ZMNXQ _Q\_ R[^TQ \^QbQZU[Z MZP PQQO`U[Z [R

R^MaP MZP [TQ^ U^^QSaXM^UUQ_' HTQ ^a_QQ_ M^Q ^Q_[Z_UNXQ R[^ TQ YMUZQZMZOQ MZP UZQS^Ue [R TQ OTM^Ue MZP RUZMZOUMX UZR[^YMU[Z UZOXaPQP [ZTQ OTM^Uek_ cQN_UQ'

5\^[bQP Ne TQ^a_QQ_ [Z MZP _USZQP [ZTQU^ NQTMXR Ne3 23 January 2023

5 ;[a^NMaX`

5 ;[a^NMaX` 7<5=F [R HFIGH99G

Independent Examiner's Report to the Trustees of The Compass For Life Foundation

I report to the trustees on my examination of the accounts of The Compass For Life Foundation for the year ended 31 December 2021.

Responsibilities and basis of report

As the trustees of the CIO you are responsible for the preparation of the accounts in accordance with the requirements of the Charities Act 2011 (‘the Act’).

I report in respect of my examination of the CIO’s accounts carried out under section 145 of the 2011 Act and in carrying out my examination I have followed all the applicable Directions given by the Charity Commission under section 145(5)(b) of the Act.

Independent Examiner's Statement

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:

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 accounts to be reached.

James Saunders FCCA DChA For and on behalf of Moore Kingston Smith LLP Chartered Accountants

6th Floor 9 Appold Street London EC2A 2AP

Date: 26 January 2023

Page Seven

The Compass For Life Foundation Statement of Financial Activities For the year ended 31 December 2021

Note
INCOME AND ENDOWMENTS FROM:
Donations and Legacies
3
Programme income
4
Other Income
5
Total
EXPENDITURE ON:
Charitable activities
6
Raising Funds
Total
Net expenditure and net movements in funds
RECONCILIATION OF FUNDS:
Total Funds bought forward		 Restricted
Funds
2021
£
-
-
-
-
-
-
-
-
15,676		 Unrestricted
Funds
2021
£
1,766
12,556
-
14,322
40,986
-
40,986
(26,664)
26,463		 Total
2021
£
1,766
12,556
-
14,322
40,986
-
40,986
(26,664)
42,139		 Total
2020
15,591
71,770
1,449
88,810
92,885
-
92,885
(4,075)
46,214
Total Funds carried forward 15,676 (201) 15,475 42,139

Page Eight

The Compass For Life Foundation Balance Sheet As at 31 December 2021

2021 2020
Note £ £ £ £
Current Assets
Debtors 9 - 35,069
Cash at bank 26,275 11,570
26,275 46,639
Creditors Amounts falling due
within one year 10 (10,800) (4,500)
Net current assets 15,475 42,139
Net assets 15,475 42,139
Funds
Unrestricted funds 11 (201) 26,463
Restricted funds 11 15,676 15,676
Total Funds 15,475 42,139

Approved by the Trustees on and signed on their behalf by:23 January 2023

................................................................ A.Gourbault Trustee

C.I.O No. 1181273

Page Nine

The Compass For Life Foundation Notes to the Financial Statements For the year ended 31 December 2021

1 Accounting Policies

Charity information

The Compass For Life Foundation is a charity registered in England and Wales. The registered office is 22 South Audley Street, London, W1K 2NY.

1.1 Basis of preparation

The financial statements have been prepared in accordance with 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) and the Charities Act 2011.

The Charity constitutes a public benefit entity as defined by FRS 102.

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 pound.

The principal accounting policies, which are applied consistently, are set out below.

1.2 Going Concern

The trustees have assessed whether the use of the going concern basis is appropriate and have considered possible events or conditions that might cast significant doubt on the ability of the charity to continue as a going concern. The trustees have considered the impact the Covid-19 when making their assessment. Although the charity has had limited resources in terms of school income, due to the limited operations there are no significant concerns at this stage and the going concern basis is deemed appropriate.

1.3 Incoming Resources

All incoming resources are recognised once the charity has entitlement to the resources, it is certain that the resources will be received, and the monetary value of incoming resources can be measured with sufficient reliability.

1.4 Resources Expended

Liabilities are recognised as resources expended as soon as there is a legal or constructive obligation committing the charity to the expenditure. All expenditure is accounted for on an accruals basis and has been classified under headings that aggregate all costs related to the category.

1.5 Fund Accounting

The charity receives donations and fees and uses these as sources for delivery of the aims of the Foundation.

1.6 Taxation

The entity is a registered charity and has no trading income, and is therefore exempt from taxation.

1.7 Allocation of overhead and support costs

Overhead and support costs have been allocated first between charitable activity and governance. Overhead and support costs relating to Charitable Activities have been apportioned in recognition that the administrative costs of awarding, monitoring and delivering the programme. The allocation of overhead and support costs is analysed in note 6.

Page Ten

The Compass For Life Foundation Notes to the Financial Statements (Continued) For the year ended 31 December 2021

1.8 Critical Accounting Estimates and Areas of Judgement

In application of the Charity's accounting policies, the board is required to make judgements, estimates and assumptions about the carrying amount of assets and liabilities that are not readily apparent from other sources. The estimates and associated assumptions are based on historical experience and other factors that are considered to be relevant. Actual results may differ from these estimates.

The estimates and underlying assumptions are reviewed on an on-going basis. Revisions to accounting estimates are recognised in the period in which the estimate is revised, if the revision affects only that period, or in the period of the revision and future periods if the revision affects both current and future periods.

There are no estimates and assumptions which are believed to have a significant risk of causing a material adjustment to the carrying amount of assets and liabilities in the current period.

1.9 Financial instuments

Debtors and creditors receivable or payable within one year of the reporting date are carried at initially at their transaction price and subsequently at settlement value. Debtors and creditors that are receivable or payable in more than one year and not subject to a market rate of interest are measured at the present value of the expected future receipts or payment discounted at a market rate of interest.

Trade and other debtors are recognised at the settlement amount due after any discount offered. Prepayments valued at the amount prepaid after taking accounts of any trade discounts due.

Cash and cash equivalents include cash at banks and in hand and short term deposits with a maturity date of three months or less.

Creditors and provisions are recognised where the charity has a present obligation resulting from a past event that will probably result in the transfer of funds to a third party and the amount due to settle the obligation can be measured or estimated reliably. Creditors and provisions are normally recognised at their settlement amount after allowing for any trade discounts due.

2. Net expenditure for the year

This is stated after charging: Restricted
2021
£		 Unrestricted
2021
£		 Total
2021
£		 Total
2020
£
Accounts preparation - 1,960 1,960 1,750
Independent examiner's remuneration
-
3.
Voluntary Income - Donations and Legacies
Restricted
2021
£
Donations
-
-
For the year ended 2020 there were £0 restricted donations.
Restricted
4.
Programme income
2021
£
Programme income
-		 3,440
Unrestricted
2021
£
1,766
1,766
Unrestricted
2021
£
12,556		 3,440
Total
2021
£
1,766
1,766
Total
2021
£
12,556
Total
2021
£
-		 2,750
Total
2020
£
15,591
15,591
Total
2020
£
71,770
5.
Other Income		 Restricted
2021		 Unrestricted
2021
Total
2020
Sale of workbooks £ £ £
- - 1,449

Page Eleven

The Compass For Life Foundation Notes to the Financial Statements (Continued) For the year ended 31 December 2021

6. Expenditure

6. Expenditure
Restricted Unrestricted Total Total
2021 2021 2021 2020
£ £ £ £
Direct costs allocated to activities
Books - - - 2,418
Advertising & Marketing - 3,466 3,466 420
Consulting - 25,298 25,298 77,158
Legal fees - - - 3,024
Postage and printing - - - 1,865
Insurance - - - 337
Subscriptions - 251 251 112
Bad debt - 4,264 4,264 -
- 33,279 33,279 85,334
Support costs allocated to activities
Accountancy fees - 2,307 2,307 4,802
Governance costs allocated to activities
Independent examination fees - 5,400 5,400 2,750
Total - 40,986 40,986 92,886
7. Employee Costs
The average monthly number of employees were:
2021 2020
Average number of employees - -
8. Trustees and Key Management Personnel
None of the trustees received remuneration in the period. No trustee received reimbursement of expenses during the
period.
9. Debtors 2021 2020
£ £
Trade debtors - 35,069
- 35,069
10. Creditors: Amounts falling due within one year 2021 2020
£ £
Accruals 5,400 4,500
Other creditors 5,400 -
10,800 4,500

Page Twelve

The Compass For Life Foundation Notes to the Financial Statements (Continued) For the year ended 31 December 2021

11. Movement in Funds

At 31 December
2020
£
15,676
26,463
42,139
At 18 December
2019
£
15,676
30,538
Total funds
46,214
Unrestricted Funds
Restricted Funds
Restricted Funds
Unrestricted Funds		 Income
£
-
14,322
14,322
Income
£
-
88,810
88,810		 Expenditure
£
-
(40,986)
(40,986)
Expenditure
£
-
(92,885)
(92,885)		 Transfers
£
-
-
-
Transfers
£
-
-
-
At 31 December
2021
£
15,676
(201)
15,475
At 31 December
2020
£
15,676
26,463
42,139

12. Allocation of Net Assets between Funds

12.
Allocation of Net Assets between Funds
Restricted Funds 2021
Fixed
Assets
£
-		 Current
Assets
£
15,676
-
15,676		 Current
Liabilities
£
-
(201)		 Total
£
15,676
Unrestricted funds - (201)
Total funds
-		 - (201) 15,475
Unrestricted funds
Total funds
Restricted Funds		 2020
Fixed
Assets
£
-		 Current
Assets
£
15,676		 Current
Liabilities
£
-		 Total
£
15,676
- 26,463 - 26,463
42,139 - 42,139

13. Related Party Transactions

The Chief Executive’s time has been donated by Chrysalis Worldwide, a company he directs. There were no other related party transactions.

Page Thirteen