CHARITY COMMISSION FOR ENGLAND AND WALES Trustees, Annual Report for the period From 1411212020 end date Period start date To 3111212021 Period Charity name: Career Compass Charity rggistration number: 1192775 Objectives and Activities SORP reference Para 1.17 Summary of the purposes of the charity as set out in its governing document The advancement Of education for the public benefit of socially disadvantaged young people who are secondary school students in state education in London or elsewhere in the UK, in particular but not exclusively by educaling said young people in the working practices and methods of professional organisations by offering mentoring programmes and seminars from indust ex erts. Career Compass offers the following programmes to state educated sixth form students in London.. Mentoring programmes, designed to improve the students, employability.. CV Workshop Interview Skills Training Email Etiquette Class Financial Education Workshop Personal Statement Training Cover Letter Writing Class Induslry oveNiew session to give students an insight into an industry that is of interest to them Currently covering 10 different industries Help in finding work placements Advertise partner programmes, that are majorly aimed at BAME and female students, as well as students from under ed back round$. The trustees are aware of the guidance issued. Summary of the main activities in relation to those purposes for the public benefit, in particular, the activities, projects or services identified in the accounts. Para 1.178nd 1.19 Statement confirming whether the trustees have had regard to the guidance issued by the Charity Commission on public benefit Para 1.18 Addltlonal information (optional) You ma hoose to include further 51atemenls where relevant about.. SORP ref8r?nf NIA Para 1.38 Policy on grant making NIA Policy on social investment including program related investment Para 1.38 NIA Para 1.38 Conlribution made by volunteers Other Achievements and Performance SQRP tyference Career Compass is currently working with 100+ state schools across London. W6 have helped 1,OOOs of students gain the work placement of their interest and get inlo the university of their choice. We are closely working with each student to clearfy idèntify their need and help them best prepare for their future working life. Summary of the main achievements of the charity, identifying the difference the charity's work has made to the circumstances of ils beneficiaries and any wider benefits to society as a whole. P3ra 1.20 Additlonal informatlon loptional) You ma choose to include further statements where relevant about-. We have aimed to be working with 100 schools by the end ofthe 21122 school year and we confidently reached this goal. Achievements against objectives set Para 1 41 NIA Perfornian￿ of fundraising activities against objectives Pars 1.41 NIA Investment performance against objectives Para 1.41 other Financial Review Review of the charily's financial position at the end of Ihe eriod statement explaining the policy for holding reserves statin wh the are held Amount of reserves held Reasons for holding zero reserves Details of fund materially in deficit Explanation of any uncertainties about the charity continuing as a going concern Pars 1.21 The charity has surplus for the year £18,692. The charity is holding £19,557 in cash and have current liabilit of £865. We make sure that we have sufficient funds lo meet the ongoing financial commitments. Para 1.22 Para 1.22 £19 557 NIA Para 1.22 Para 1.24 NIA Para 1.23 No uncertainty Additional infomiation (optlonal) You ma choose to include further statements where relevant about.. The charity's principal sources of funds (including any fundraising) Par8 1.47 Investment policy and objectives including any social investment policy adopted Para 1.46 A description of the principal risks facing Ihe charity Paio 1.46 Other Structure, Governance and Management Descriplion of charity's twsts: Type of governing document trust deed ro al charter How is the charity constituted? le.g unincorporated association, CIO Trustee selection methods including details of any constitutional provisions e.g. election to post or name of any person or body entitled to appoint one or more trustees Pora 1.25 Constitution Pora 1.25 cio P?ra 1.25 (a} Every charity trustee must be natural person. (bl No individual may be appoinled as a charity trustee of the CIO.. .rf he or she is under the age of 16 years. or .ff he or she would automatically cease to hold office (c) No one is entitled to art as a charity trustee whether on appointment or on any re- appointment until he or she has expressly acknowledged, in whatever way the charity trustees decide, his or her acceptance of the Offi￿ of harity trustee. {d) At least one of the trustees of the CIO must be 18 years of age or over. If there is no trustee aged at least 18 years, the remaining trustees may only act to call a meeting of the charity trustees, or appoint a new charity trustee. Additional inforniation (optional) You ma choose to include further statements where relevant about: Every new trustee will be given a copy of the current goveming document, accounts, as well as a presentation aboul the current slat8 of affairs by the COO. Policies and procedures adopted for the induction and training of trustees Para 1.51 NIA The charity's organisational structure and any wider network with which the charrty works Para 1.51 NIA Relationship with any related parties Para 1.51 Other Reference and Administrative details Charit name Other name the charit uses Re istered charil numtser Charity's principal address Caréer Com ass Previousl The Pro 1192775 175A Hoe St, London E17 3AP ert Prize Names of the charity trustees who manage the charity Dates acted if not for whole ear Tru$tso nam Office lif any) Namè of person lor body) entitled olnt trusts• Ifan Arsalan Khalique Jessica Brown Ross Mccaskill sin￿ 1411212020 Since 1411212020 Since 1411212020 10 12 13 14 15 16 17 18 19 20 Cor orate trustees - names of the directors at the date the re Dlrector nam• ortwasa roved Name of Irustees holding title to property belonging to the charity Trustee namo Date8 actsd If not for whole aar Funds held as custodian trustees on behalf of others Description of the assets NIA held in this capacity Name and objects ofthe charity on whose behalf the a55ets are held and how this falls within the cuslodian charity's objects NIA Details of arrangements for safe custody and segregation of such assels from the charity's own assets NIA Addltional informatlon {optional) Names and addresses of advisers (Optional inforniation) Type of Name Address adviser Name of chief executive or name$ of Senior staff members (Optional infomiation) Exemptions from disclosure Reason for non-disclosure of ke ersonnel details Other o tional infonnation Declarations Tha trustees declare that they have approved the trustees, report abovo. Slgned on behalf of the charlty's trustees Signature(sl Full name(sl Poslllon (eg Secretary, Chair, etc) Arsalan Khalique Trustee Date 1610912022 **REGISTERED COMPANY NUMBER: CE024359 (England and Wales) REGISTERED CHARITY NUMBER: 1192775** ## Report of the Trustees and Unaudited Financial Statements for the Period 14 December 2020 to 31 December 2021 for Career Compass HKL Accountants Chartered Certified Accountants Unit 2 9 Cold Harborough Lane Rainham, Essex RM13 9YH Career Compass Contents of the Financial Statements for the Period 14 December 2020 to 31 December 2021 |||Page|| |---|---|---|---| |Report of the Trustees||1|| |Statement of Financial Activities||2|| |Balance Sheet|3|to|4| |Notes to the Financial Statements|5|to|7| |Detailed Statement of Financial Activities||8|| Career Compass Report of the Trustees for the Period 14 December 2020 to 31 December 2021 The trustees who are also directors of the charity for the purposes of the Companies Act 2006, present their report with the financial statements of the charity for the period 14 December 2020 to 31 December 2021. The trustees have adopted the provisions of 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) (effective 1 January 2019). ## **INCORPORATION** The charitable company was incorporated on 14 December 2020. ## **STRUCTURE, GOVERNANCE AND MANAGEMENT** ## **Governing document** The charity is controlled by its governing document, a deed of trust, and constitutes a limited company, limited by guarantee, as defined by the Companies Act 2006. ## **REFERENCE AND ADMINISTRATIVE DETAILS** ## **Registered Company number** CE024359 (England and Wales) ## **Registered Charity number** 1192775 ## **Registered office** 175a Hoe Street Walthamstow London E17 3AP ## **Trustees** J Brown (appointed 14.12.20) A Khalique (appointed 14.12.20) R McCaskill (appointed 14.12.20) ## **Company Secretary** Approved by order of the board of trustees on 11 August 2022 and signed on its behalf by: A Khalique - Trustee Page 1 Career Compass |Statement of Financial Activities
for the Period 14 December 2020 to 31 December 2021
Notes
**INCOME AND ENDOWMENTS FROM**
Donations and legacies
**EXPENDITURE ON**
**Charitable activities**
Education and Training
Other
**Total**
**NET INCOME**
**TOTAL FUNDS CARRIED FORWARD**|Unrestrict
fund
£
25,000
400
5,908| |---|---| ||6,308| ||18,692| ||18,692| The notes form part of these financial statements Page 2 Career Compass Balance Sheet 31 December 2021 |Notes
**CURRENT ASSETS**
Cash at bank
**CREDITORS**
Amounts falling due within one year
3
**NET CURRENT ASSETS**
**TOTAL ASSETS LESS CURRENT**
LIABILITIES
**NET ASSETS**
**FUNDS**
4
Unrestricted funds
**TOTAL FUNDS**|Unrestrict
fund
£
19,557
(865)| |---|---| ||18,692| ||18,692| ||18,692| ||18,692| ||18,692| The charitable company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the period ended 31 December 2021. The members have not required the company to obtain an audit of its financial statements for the period ended 31 December 2021 in accordance with Section 476 of the Companies Act 2006. The trustees acknowledge their responsibilities for - (a) ensuring that the charitable company keeps accounting records that comply with Sections 386 and 387 of the Companies Act 2006 and - (b) preparing financial statements which give a true and fair view of the state of affairs of the charitable company as at the end of each financial year and of its surplus or deficit for each 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 charitable company. The notes form part of these financial statements Page 3 continued... Career Compass ## Balance Sheet - continued ## 31 December 2021 These financial statements have been prepared in accordance with the provisions applicable to charitable companies subject to the small companies regime. The financial statements were approved by the Board of Trustees and authorised for issue on 11 August 2022 and were signed on its behalf by: A Khalique - Trustee The notes form part of these financial statements Page 4 Career Compass Notes to the Financial Statements for the Period 14 December 2020 to 31 December 2021 ## **1. ACCOUNTING POLICIES** ## **Basis of preparing the financial statements** The financial statements of the charitable company, which is a public benefit entity under FRS 102, have been prepared in accordance with the Charities SORP (FRS 102) '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) (effective 1 January 2019)', Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland' and the Companies Act 2006. The financial statements have been prepared under the historical cost convention. ## **Income** All income is recognised in the Statement of Financial Activities once the charity has entitlement to the funds, it is probable that the income will be received and the amount can be measured reliably. ## **Expenditure** Liabilities are recognised as expenditure as soon as there is a legal or constructive obligation committing the charity to that expenditure, it is probable that a transfer of economic benefits will be required in settlement and the amount of the obligation can be measured reliably. Expenditure is accounted for on an accruals basis and has been classified under headings that aggregate all cost related to the category. Where costs cannot be directly attributed to particular headings they have been allocated to activities on a basis consistent with the use of resources. Grants offered subject to conditions which have not been met at the year end date are noted as a commitment but not accrued as expenditure. ## **Taxation** The charity is exempt from corporation tax on its charitable activities. ## **Fund accounting** Unrestricted funds can be used in accordance with the charitable objectives at the discretion of the trustees. Restricted funds can only be used for particular restricted purposes within the objects of the charity. Restrictions arise when specified by the donor or when funds are raised for particular restricted purposes. Further explanation of the nature and purpose of each fund is included in the notes to the financial statements. ## **Pension costs and other post-retirement benefits** The charitable company operates a defined contribution pension scheme. Contributions payable to the charitable company's pension scheme are charged to the Statement of Financial Activities in the period to which they relate. Page 5 continued... Career Compass Notes to the Financial Statements - continued for the Period 14 December 2020 to 31 December 2021 ## **2. TRUSTEES' REMUNERATION AND BENEFITS** There were no trustees' remuneration or other benefits for the period ended 31 December 2021. ## **Trustees' expenses** There were no trustees' expenses paid for the period ended 31 December 2021. ## **3. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR** ## **4.** |**CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR**||||| |---|---|---|---|---| |Social security and other taxes
**MOVEMENT IN FUNDS**
**Unrestricted funds**
General fund
**TOTAL FUNDS**
Net movement in funds, included in the above are as follows:
**Unrestricted funds**
General fund
**TOTAL FUNDS**|Incoming
resources
£
25,000
25,000|Net
movement
in funds
£
18,692
18,692
Resources
expended
£
(6,308)
(6,308)|£
865
At
31.12.21
£
18,692|£
865| ||||18,692|| ||||Movement
in funds
£
18,692|| ||||18,692|| Page 6 continued... Career Compass Notes to the Financial Statements - continued for the Period 14 December 2020 to 31 December 2021 ## **5. RELATED PARTY DISCLOSURES** There were no related party transactions for the period ended 31 December 2021. Page 7 Career Compass Detailed Statement of Financial Activities for the Period 14 December 2020 to 31 December 2021 £ ## **INCOME AND ENDOWMENTS** |**Donations and legacies**
Donations
**Total incoming resources**
**EXPENDITURE**
**Charitable activities**
Grants to individuals
**Other**
Wages
Pensions
IT, Computer, Website cost
Professional fees
Total resources expended
**Net income**|25,000| |---|---| ||25,000
400
5,504
117
273
14| ||5,908| ||6,308| ||18,692| This page does not form part of the statutory financial statements Page 8