**REGISTERED COMPANY NUMBER: CE024359 (England and Wales) REGISTERED CHARITY NUMBER: 1192775**
## Report of the Trustees and
Unaudited Financial Statements for the Year Ended 31 December 2024
for
Career Compass
HKL Accountants Limited 45 Cheriton Avenue Clayhall Ilford Essex IG5 0QL
Career Compass
Contents of the Financial Statements for the Year Ended 31 December 2024
||Page|
|---|---|
|Report of the Trustees|1|
|Independent Examiner's Report|2|
|Statement of Financial Activities|3|
|Balance Sheet|4|
|Notes to the Financial Statements|5 to 9|
|Detailed Statement of Financial Activities|10|
Career Compass
for the Year Ended 31 December 2024
## Report of the Trustees
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 year ended 31 December 2024. 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).
## **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**
A Khalique R McCaskill J Brown
## **Company Secretary**
## **Independent Examiner**
HKL Accountants Limited 45 Cheriton Avenue Clayhall Ilford Essex IG5 0QL
Approved by order of the board of trustees on 6 October 2025 and signed on its behalf by:
A Khalique - Trustee
Page 1
## Independent Examiner's Report to the Trustees of Career Compass
## **Independent examiner's report to the trustees of Career Compass ('the Company')**
I report to the charity trustees on my examination of the accounts of the Company for the year ended 31 December 2024.
## **Responsibilities and basis of report**
As the charity's trustees of the Company (and also its directors for the purposes of company law) you are responsible for the preparation of the accounts in accordance with the requirements of the Companies Act 2006 ('the 2006 Act').
Having satisfied myself that the accounts of the Company 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 your charity's accounts as carried out under Section 145 of the Charities Act 2011 ('the 2011 Act'). In carrying out my examination I have followed the Directions given by the Charity Commission under Section 145(5) (b) of the 2011 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:
1. accounting records were not kept in respect of the Company as required by Section 386 of the 2006 Act; or
2. the accounts do not accord with those records; or
3. the accounts do not comply with the accounting requirements of Section 396 of the 2006 Act other than any requirement that the accounts give a true and fair view which is not a matter considered as part of an independent examination; or
4. the accounts have not been prepared in accordance with the methods and principles of the Statement of Recommended Practice for accounting and reporting by charities (applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102)).
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.
Haris Khawaja FCCA The Association of Chartered Certified Accountants
HKL Accountants Limited 45 Cheriton Avenue Clayhall Ilford Essex IG5 0QL
6 October 2025
Page 2
Career Compass
## Statement of Financial Activities for the Year Ended 31 December 2024
||31.12.24|31.12.23|
|---|---|---|
||Unrestricted||
||fund|Total funds|
|Notes|£|£|
|**INCOME AND ENDOWMENTS FROM**|||
|Donations and legacies|40,404|15,319|
|**EXPENDITURE ON**|||
|Other|26,661|24,389|
|**NET INCOME/(EXPENDITURE)**|13,743|(9,070)|
|**RECONCILIATION OF FUNDS**|||
|Total funds brought forward|(2,392)|6,678|
|**TOTAL FUNDS CARRIED FORWARD**|11,351|(2,392)|
The notes form part of these financial statements
Page 3
Career Compass
## Balance Sheet
## 31 December 2024
|||31.12.24|31.12.23|
|---|---|---|---|
|||Unrestricted||
|||fund|Total funds|
||Notes|£|£|
|**CURRENT ASSETS**||||
|Cash at bank||13,232|490|
|**CREDITORS**||||
|Amounts falling due within one year|5|(1,881)|(2,882)|
|**NET CURRENT ASSETS/(LIABILITIES)**||11,351|(2,392)|
|**TOTAL ASSETS LESS CURRENT**||||
|LIABILITIES||11,351|(2,392)|
|**NET ASSETS/(LIABILITIES)**||11,351|(2,392)|
|**FUNDS**|6|||
|Unrestricted funds||11,351|(2,392)|
|**TOTAL FUNDS**||11,351|(2,392)|
The charitable company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 December 2024.
The members have not required the company to obtain an audit of its financial statements for the year ended 31 December 2024 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.
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 6 October 2025 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 Year Ended 31 December 2024
## **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.
## **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 Year Ended 31 December 2024
## **2. TRUSTEES' REMUNERATION AND BENEFITS**
There were no trustees' remuneration or other benefits for the year ended 31 December 2024 nor for the year ended 31 December 2023.
## **Trustees' expenses**
There were no trustees' expenses paid for the year ended 31 December 2024 nor for the year ended 31 December 2023.
## **3. STAFF COSTS**
||The average monthly number of employees during the year was as follows:|The average monthly number of employees during the year was as follows:||
|---|---|---|---|
|||31.12.24|31.12.23|
||No employees received emoluments in excess of £60,000.|||
|**4.**|**COMPARATIVES FOR THE STATEMENT OF FINANCIAL ACTIVITIES**|||
||||Unrestricted|
||||fund|
||||£|
||**INCOME AND ENDOWMENTS FROM**|||
||Donations and legacies||15,319|
||**EXPENDITURE ON**|||
||Other||24,389|
||**NET INCOME/(EXPENDITURE)**||(9,070)|
||**RECONCILIATION OF FUNDS**|||
||Total funds brought forward||6,678|
||**TOTAL FUNDS CARRIED**|||
||**FORWARD**||(2,392)|
Page 6
continued...
Career Compass
## Notes to the Financial Statements - continued for the Year Ended 31 December 2024
|**5.**|**CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR**|**CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR**|||
|---|---|---|---|---|
||||31.12.24|31.12.23|
||||£|£|
||Trade creditors||(1)|-|
||Tax||1,882|2,882|
|**6.**|**MOVEMENT IN FUNDS**||1,881|2,882|
||||Net||
||||movement|At|
||At 1.1.24||in funds|31.12.24|
|||£|£|£|
||**Unrestricted funds**||||
||General fund|(2,392)|13,743|11,351|
||**TOTAL FUNDS**|(2,392)|13,743|11,351|
||Net movement in funds, included in the above are as follows:||||
||Incoming||Resources|Movement|
||resources||expended|in funds|
|||£|£|£|
||**Unrestricted funds**||||
||General fund|40,404|(26,661)|13,743|
||**TOTAL FUNDS**|40,404|(26,661)|13,743|
||**Comparatives for movement in funds**||||
||||Net||
||||movement|At|
||At 1.1.23||in funds|31.12.23|
|||£|£|£|
||**Unrestricted funds**||||
||General fund|6,678|(9,070)|(2,392)|
||**TOTAL FUNDS**|6,678|(9,070)|(2,392)|
Page 7
continued...
Career Compass
Notes to the Financial Statements - continued for the Year Ended 31 December 2024
## **6. MOVEMENT IN FUNDS - continued**
Comparative net movement in funds, included in the above are as follows:
||Incoming|Resources|Movement|
|---|---|---|---|
||resources|expended|in funds|
||£|£|£|
|**Unrestricted funds**||||
|General fund|15,319|(24,389)|(9,070)|
|**TOTAL FUNDS**|15,319|(24,389)|(9,070)|
A current year 12 months and prior year 12 months combined position is as follows:
|||Net||
|---|---|---|---|
|||movement|At|
||At 1.1.23|in funds|31.12.24|
||£|£|£|
|**Unrestricted funds**||||
|General fund|6,678|4,673|11,351|
|**TOTAL FUNDS**|6,678|4,673|11,351|
A current year 12 months and prior year 12 months combined net movement in funds, included in the above are as follows:
||Incoming|Resources|Movement|
|---|---|---|---|
||resources|expended|in funds|
||£|£|£|
|**Unrestricted funds**||||
|General fund|55,723|(51,050)|4,673|
|**TOTAL FUNDS**|55,723|(51,050)|4,673|
Page 8
continued...
Career Compass
Notes to the Financial Statements - continued
for the Year Ended 31 December 2024
## **7. RELATED PARTY DISCLOSURES**
There were no related party transactions for the year ended 31 December 2024.
Page 9
Career Compass
|Detailed Statement of Financial Activities|||
|---|---|---|
|for the Year Ended 31 December 2024|||
||31.12.24|31.12.23|
||£|£|
|**INCOME AND ENDOWMENTS**|||
|**Donations and legacies**|||
|Donations|40,404|15,319|
|**Total incoming resources**|40,404|15,319|
|**EXPENDITURE**|||
|**Other**|||
|Wages|20,758|20,025|
|Pensions|1,045|912|
|IT, Computer, Website cost|242|212|
|Advertising|4,461|2,750|
|Post and Stationery|-|490|
|Sundry expense|155|-|
||26,661|24,389|
|Total resources expended|26,661|24,389|
|**Net income/(expenditure)**|13,743|(9,070)|
This page does not form part of the statutory financial statements
Page 10
## **Trustees’ Annual Report for the period**
## **From 01/01/2024 Period start date To 31/12/2024 Period end date**
## **Charity name: Career Compass**
## **Charity registration number: 1192775**
## **Objectives and Activities**
**----- Start of picture text -----**
SORP reference
Summary of the purposes of Para 1.17 The advancement of education for the
the charity as set out in its public benefit of socially disadvantaged
governing document young people who are secondary school
students in state education in London or
elsewhere in the UK, in particular but not
exclusively by educating said young people
in the working practices and methods of
professional organisations by offering
mentoring programmes and seminars from
industry experts.
**----- End of picture text -----**
|**Objectives and Activities**|**Objectives and Activities**|**Objectives and Activities**|
|---|---|---|
|SORP reference|||
|Summary of the purposes of
the charity as set out in its
governing document
Para 1.17
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 educating said young people
in the working practices and methods of
professional organisations by offering
mentoring programmes and seminars from
industry experts.|||
|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 1.17 and
1.19|Career Compass offers the following
programmes to state educated sixth form
students in London and other social mobility
cold spots across England:
-
Career skills workshops, designed
to improve the students’
employability:
`o`CV masterclass
`o`Ace your job interview
`o`Emails that get you noticed
`o`Apprenticeship vs. university
workshop
`o`Financial education
workshop
`o`Choose the career of your
dreams
`o`Ucas & personal statement
`o`Aspiring to oxbridge
`o`Personal statement training
`o`Cover letter masterclass
`o`Application hacks
`o`How to network
`o`Future-proof skills
`o`Future-proof jobs in the age
of AI
-
Industry overview session to give
students an insight into an industry
that is of interest to them
`o`Currently covering 10
different industries|
|||-
Provision of work placements and
days in the office in the industry of
interest.
-
Advertise partner programmes, that
are majorly aimed at BAME and
female students, as well as students
from underprivileged backgrounds.
-
Individual CV feedback and
application support|
|---|---|---|
|Statement confirming
whether the trustees have
had regard to the guidance
issued by the Charity
Commission on public
benefit|Para 1.18||
## **Additional information (optional)** You may choose to include further statements where relevant about:
**----- Start of picture text -----**
SORP reference
Career Compass ensures that all grants
Para 1.38 and donations are used transparently and
Policy on grant making responsibly to advance our charitable
objectives. Funds are allocated based on
clear criteria aligned with our mission: to
improve social mobility through education
and employability support. We prioritise
activities that deliver measurable impact for
students, ensure value for money, and
maintain full accountability through regular
reporting and independent oversight.
N/A
Para 1.38
Policy on social investment
including program related
investment
Volunteers are at the heart of Career
Para 1.38 Compass. They contribute their time,
Contribution made by expertise, and enthusiasm to help students
volunteers develop key employability skills, review
CVs, run mock interviews, and share
insights from their professional journeys.
Their commitment not only enriches our
programmes but also inspires students to
aim higher and believe in their potential.
Together, they help us make every
opportunity more personal, impactful, and
inclusive.
Other
**----- End of picture text -----**
## **Achievements and Performance**
SORP reference
|Summary of the main
achievements of the charity,
identifying the difference the
charity’s work has made to
the circumstances of its
beneficiaries and any wider
benefits to society as a
whole.|Para 1.20|Career Compass is currently working with
190+ state sixth forms across London and
other social mobility cold spots across
England. So far, we have empowered
10,000+ students to pursue the career of
their dreams, equipping them with the
necessary tools to do so. We are closely
working with each student to clearly identify
their need and help them best prepare for
their future working life.|
|---|---|---|
**Additional information (optional)** You may choose to include further statements where relevant about:
|Achievements against
objectives set|Para 1.41|We continue to meet our objectives in
reaching set numbers of schools, students
and employers that we are looking to work
with.|
|---|---|---|
|Performance of fundraising
activities against objectives
set|Para 1.41|N/A|
|Investment performance
against objectives|Para 1.41|N/A|
|Other|||
## **Financial Review**
|**Financial Review**|||
|---|---|---|
|Review of the charity’s
financial position at the end
of the period|Para 1.21|**We have a surplus of £11,351. We are**
**holding in cash £13,232 and have a**
**liability of £1,881.**|
|Statement explaining the
policy for holding reserves
stating why they are held|Para 1.22|**We ensure we have sufficient funds to**
**meet the ongoing financial**
**commitments.**|
|Amount of reserves held|Para 1.22|£13,232|
|Reasons for holding zero
reserves|Para 1.22|N/A|
|Details of fund materially in
deficit|Para 1.24|N/A|
|Explanation of any
uncertainties about the
charity continuing as a going
concern|Para 1.23|No uncertainity|
|**Additional information (optional)**
You may choose to include further statements|**Additional information (optional)**
You may choose to include further statements|where relevant about:|
|---|---|---|
|The charity’s principal
sources of funds (including
any fundraising)|Para 1.47|N/A|
|Investment policy and
objectives including any
social investment policy
adopted|Para 1.46|N/A|
|A description of the principal
risks facing the charity|Para 1.46|N/A|
|Other|||
## **Structure, Governance and Management**
**----- Start of picture text -----**
Description of charity’s
trusts:
Type of governing Para 1.25 Constitution
document
(trust deed, royal charter)
How is the charity Para 1.25 CIO
constituted?
(e.g unincorporated
association, CIO)
Trustee selection methods Para 1.25 (a) Every charity trustee must be
**----- End of picture text -----**
|**Structure, Governance and Management**|**Structure, Governance and Management**|**Structure, Governance and Management**|
|---|---|---|
|Description of charity’s
trusts:|||
|Type of governing
document
(trust deed, royal charter)
Para 1.25
Constitution|||
|How is the charity
constituted?
(e.g unincorporated
association, CIO)
Para 1.25
CIO|||
|Trustee selection methods|Para 1.25|(a)
Every charity trustee must be|
|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||a natural person.
(b)
No individual may be
appointed as a charity
trustee of the CIO:
•if he or she is under the age
of 16 years; or
•if he or she would
automatically cease to
hold office
(c)
No one is entitled to act 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 office of
charity 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 information (optional)** You may choose to include further statements where relevant about:
|Policies and procedures
adopted for the induction
and training of trustees|Para 1.51|Every new trustee will be given a copy of
the current governing document, accounts,
as well as a presentation about the current
state of affairs by the COO.|
|---|---|---|
|The charity’s organisational
structure and any wider|Para 1.51|N/A|
|network with which the
charity works|||
|---|---|---|
|Relationship with any
related parties|Para 1.51|N/A|
|Other|||
## **Reference and Administrative details**
|Charity name|Career Compass|
|---|---|
|Other name the charity uses|Previously The Property Prize|
|Registered charity number|1192775|
|Charity’s principal address|175A Hoe St, London E17 3AP|
## **Names of the charity trustees who manage the charity**
**----- Start of picture text -----**
Dates acted if not for whole Name of person (or body) entitled
Trustee name Office (if any)
year to appoint trustee (if any)
1 Arsalan Khalique Since 14/12/2020
2 Jessica Brown Since 14/12/2020
3 Ross McCaskill Since 14/12/2020
4
5
6
7
8
9
10
11
12
13
14
15
16
17
18
19
20
**----- End of picture text -----**
## – Corporate trustees names of the directors at the date the report was approved
## **Director name**
Name of trustees holding title to property belonging to the charity
**Trustee name Dates acted if not for whole year**
## **Funds held as custodian trustees on behalf of others**
Description of the assets N/A held in this capacity Name and objects of the N/A charity on whose behalf the assets are held and how this falls within the custodian charity’s objects Details of arrangements for N/A safe custody and segregation of such assets from the charity’s own assets
## **Additional information (optional)**
## **Names and addresses of advisers (Optional information)**
**Type of Name Address adviser**
**Name of chief executive or names of senior staff members (Optional information)**
## **Exemptions from disclosure**
Reason for non-disclosure of key personnel details
## **Other optional information**
## **Declarations**
**The trustees declare that they have approved the trustees’ report above.**
**Signed on behalf of the charity’s trustees**
|**Signature(s)**
**Full name(s)**
**Position (eg Secretary,**
**Chair, etc)**
**Date**||
|---|---|
|||
||Arsalan
Khalique|
||
Trustee|
||Date 08/10/2025|
||Date 08/10/2025|