Docusign Envelope ID: 81E47810-C0E9-426F-A5EE-1740FEE384E0 ## **Trustees’ Annual Report for the period** **From 1[st] October 2025 Period start date To 30[th] September 2024 Period end date** ## **Charity name: Compassion Network UK** ## **Charity registration number: 1194141** ## **Objectives and Activities** ||SORP reference|| |---|---|---| |Summary of the purposes of
the charity as set out in its
governing document|Para 1.17|To advance the Christian faith throughout
Wales and the UK for the benefit of the
public mainly but not exclusively through
the holding of prayer meetings, religious
education and to provide outreach and
pastoral care for the community.| |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|The Link Coffee House continued to serve
as a vibrant community hub, fostering
connection and providing accessible
resources. A significant development was
the establishment and successful operation
of the Homework Hub within The Link. This
initiative provided a safe, supportive, and
conducive environment for local children
and young people to complete their
homework and access educational support.
By offering a dedicated space, internet
access, and often volunteer assistance, the
Homework Hub directly contributed to
educational attainment and reduced
barriers to learning for families in the
community, especially those lacking
suitable home study environments. The
Coffee House also continued its role as an
affordable social space, combating isolation
and promoting community cohesion.
Our annual Women's Conference was a
cornerstone event, designed to empower,
educate, and connect women from diverse
backgrounds. The 2022-2023 conference
focused on “Known” and “Flourish”.
Through a series of workshops, inspiring
speakers, and networking opportunities, the| Docusign Envelope ID: 81E47810-C0E9-426F-A5EE-1740FEE384E0 |conference provided a vital platform for| |---| |personal growth, shared experiences, and| |mutual support. This initiative directly| |addressed our purpose of fostering| |community well-being and providing| |opportunities for personal development,| |contributing significantly to the mental and| |social welfare of attendees.| |In direct response to the escalating cost of| |living crisis and rising energy prices, the| |Warm Hub initiative became a critical| |lifeline for many in our community. A| |substantial investment was made in| |replacing the heating system for our main| |facility, ensuring a consistently warm and| |welcoming environment. This allowed us to| |offer a dedicated 'Warm Space' where| |individuals and families could escape the| |cold without the burden of heating their own| |homes.| |Beyond providing warmth, the Warm Hub| |offered comprehensive support services:| |•
**Emergency Packs:**Distribution of| |essential emergency packs,| |including food, toiletries, and other| |vital supplies, to those facing| |immediate hardship.| |•
**Sleeping Bags & Tents:**Provision| |of sleeping bags and tents for| |individuals experiencing| |homelessness or precarious| |housing situations, offering a| |measure of dignity and safety.| |•
**Free Breakfast:**Monthly provision| |of free, nutritious breakfast,| |addressing food insecurity and| |ensuring a warm start to the day for| |vulnerable individuals.| |•
**Space to Have a Chat:**Crucially,| |the Warm Hub also served as a vital| |social space. Trained volunteers| |and staff were on hand to offer a| |listening ear, provide information on| |additional support services, and| |facilitate informal conversations,| |combating social isolation and| |promoting mental well-being during| |a challenging period.| |These activities collectively demonstrated| |our unwavering commitment to alleviating| |poverty, promoting education, and| |enhancing the overall well-being of the| |public we serve, directly reflecting the| Docusign Envelope ID: 81E47810-C0E9-426F-A5EE-1740FEE384E0 |||purposes for which our charity was
established.
We continued our commitment to fostering
spiritual growth and leadership within the
church community. This included ongoing
training and encouragement for pastors,
building upon the foundation laid by
previous DCPI Training initiatives. Looking
towards the future, we began exploring a
significant partnership with the London
School of Ministry. This collaboration aims
to create new avenues for furthering biblical
education and leadership development,
providing accessible and high-quality
learning opportunities for individuals
seeking to deepen their faith and serve their
communities more effectively.
Our enduring partnership with Hope Centre
Ministries Cwmbran remained a key aspect
of our outreach, specifically supporting
individuals grappling with addiction. We
continued to offer invaluable volunteer
space, providing a safe and welcoming
environment for their activities.
Furthermore, we contributed through direct
training, equipping individuals with essential
life skills. A dedicated place for
conversation and weekly Bible study
support was also provided, offering spiritual
guidance and a sense of community to
those on their journey to recovery. This
collaboration directly aligns with our
purpose of supporting vulnerable
individuals and promoting holistic well-
being.
These activities collectively demonstrated
our unwavering commitment to alleviating
poverty, promoting education, and
enhancing the overall well-being of the
public we serve, directly reflecting the
purposes for which our charity was
established.| |---|---|---| |Statement confirming
whether the trustees have
had regard to the guidance
issued by the Charity
Commission on public
benefit|Para 1.18|We confirm that Compassion Network UK’s
trustees have had regard to the charity
commission’s guidance on public benefit.| **Additional information (optional)** You may choose to include further statements where relevant about: SORP reference Para 1.38 Policy on grant making Docusign Envelope ID: 81E47810-C0E9-426F-A5EE-1740FEE384E0 |||| |---|---|---| |Policy on social investment
including program related
investment|Para 1.38|| |Contribution made by
volunteers|Para 1.38|The success of our initiatives throughout
the year was significantly bolstered by the
invaluable contributions of our dedicated
“dream team” (volunteers). From assisting
in the Homework Hub, providing crucial
teaching support by volunteer tutors willing
to give their time to serve. The creation of
the Compassion Outreach “dream team”
was particularly integral in the effective
operation of our Warm Hub space,
providing dedicated and compassionate
support to attendees. Their commitment
extended to supporting our partnership with
Hope Centre Ministries Cwmbran, where
they contributed their time and compassion
to provide a safe space and participate in
weekly Bible studies, with valuable support
from retired or itinerant ministers who
generously led these sessions. The tireless
efforts and selfless dedication of our
volunteers enabled us to extend our reach,
enhance the quality of our services, and
provide vital support to a greater number of
individuals, truly embodying the spirit of
public benefit.
These activities collectively demonstrated
our unwavering commitment to alleviating
poverty, promoting education, and
enhancing the overall well-being of the
public we serve, directly reflecting the
purposes for which our charity was
established.| |Other||| ## **Achievements and Performance** SORP reference Docusign Envelope ID: 81E47810-C0E9-426F-A5EE-1740FEE384E0 |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|During the financial year, Compassion
Network UK made a tangible difference in
the lives of our beneficiaries and
contributed positively to wider society
through our strategic initiatives.
•
**Educational Advancement:**The
Homework Hub provided a crucial
resource for local children and
young people, evidenced by
increased engagement in studies
and improved access to learning
tools. This directly addressed
educational inequality, fostering a
more equitable learning
environment within the community.
•
**Enhanced Well-being for**
**Women:**The Annual Women's
Conference empowered attendees
through knowledge sharing and
networking, fostering a stronger
sense of community and personal
resilience. Feedback indicated
increased confidence and a
reduction in feelings of isolation
among participants.
•
**Alleviating Hardship and**
**Promoting Dignity:**The Warm Hub
initiative was a critical response to
the cost of living crisis. By providing
a warm, safe space, emergency
provisions (packs, sleeping bags,
tents), and free breakfasts, we
directly mitigated the immediate
impacts of poverty and
homelessness. The provision of a
'space to chat' also significantly
contributed to the mental well-being
of beneficiaries, combating social
isolation and offering a sense of
belonging during challenging times.
This holistic approach provided not
just material aid but also vital human
connection and support.
•
**Strengthening Community**
**Leadership:**Our investment in
leadership development, including
ongoing pastoral training and the
exploration of a partnership with the
London School of Ministry, has laid
the groundwork for a more robust
and biblically educated leadership
base within the community. This will
have long-term benefits for spiritual
growth and community service.
•
**Support for Addiction**
**Recovery:**The continued
partnership with Hope Centre
Ministries Cwmbran provided
essential practical and spiritual| |---|---|---| Docusign Envelope ID: 81E47810-C0E9-426F-A5EE-1740FEE384E0 support to individuals battling addiction. By offering volunteer space, training, and consistent Bible study support, we contributed directly to their recovery journeys, fostering hope and stability for a vulnerable population. Overall, our work has demonstrably improved the circumstances of our beneficiaries by providing essential services, fostering education and personal development, and building stronger, more resilient communities. The wider benefits to society include a reduction in social isolation, increased educational opportunities, and enhanced support networks for those facing significant challenges. These activities collectively demonstrated our unwavering commitment to alleviating poverty, promoting education, and enhancing the overall well-being of the public we serve, directly reflecting the purposes for which our charity was established. **Additional information (optional)** You may choose to include further statements where relevant about: |Achievements against
objectives set|Para 1.41|| |---|---|---| |Performance of fundraising
activities against objectives
set|Para 1.41|| |Investment performance
against objectives|Para 1.41|| |Other||| Docusign Envelope ID: 81E47810-C0E9-426F-A5EE-1740FEE384E0 ## **Financial Review** |**Financial Review**||| |---|---|---| |Review of the charity’s
financial position at the end
of the period|Para 1.21|The charity's financial position remains
stable. Total income for the year was
£16,350, with total expenditure amounting
to £16,716. This resulted in a small net
deficit of £366 for the year. The charity's
total funds at the end of the financial year
stand at £12,515, compared to £12,881 at
the end of the previous year. The trustees
consider the financial position to be sound
and have managed the charity's resources
effectively to maximise charitable output.| |Statement explaining the
policy for holding reserves
stating why they are held|Para 1.22|The trustees aim to hold sufficient reserves
to ensure the continuity of the charity's
operations and to cover planned
expenditure. Unrestricted funds are
available to meet essential governance and
administrative costs, allowing us to respond
to needs as they arise. Restricted funds are
held in accordance with the specific terms
of the donors.| |Amount of reserves held|Para 1.22|£12,515
Restricted Funds: £8,359
Unrestricted Funds: £4,156| |Reasons for holding zero
reserves|Para 1.22|**NA**| |Details of fund materially in
deficit|Para 1.24|**NA**| |Explanation of any
uncertainties about the
charity continuing as a going
concern|Para 1.23|The trustees have a reasonable
expectation that the charity has adequate
resources to continue in operational
existence for the foreseeable future. There
are no material uncertainties about the
charity's ability to continue as a going
concern.| ## **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|The charity's work is made possible
through the generous support of grant-
making bodies and public donations.
Principal grant funding this year was
received from the National Lottery Fund,
the Benefact Trust, National Grid, and
Bridgend County Borough Council.
Donations from the public also provided a
vital source of unrestricted income.| |---|---|---| |Investment policy and
objectives including any
social investment policy
adopted|Para 1.46|Compassion Network UK aims to ensure
the prudent management of its financial
resources to support the long-term
sustainability and growth of our charitable
activities. Our investment policy and
objectives are designed to balance the
need for income generation with the| Docusign Envelope ID: 81E47810-C0E9-426F-A5EE-1740FEE384E0 |||preservation of capital, while also aligning
with our ethical and social values.
The primary objective of our investment
policy is to generate a stable and reliable
income stream to support our programs
and services, while preserving and, where
possible, growing the capital base.| |---|---|---| |A description of the principal
risks facing the charity|Para 1.46|Compassion Network UK is committed to
ethical investing. We avoid investments in
industries and companies that conflict with
our mission and values, such as those
involved in tobacco, arms manufacturing, or
activities that harm the environment.
We strive to make investments that not only
provide financial returns but also generate
positive social and environmental impact.
This includes investments in renewable
energy projects, social enterprises, and
companies with strong environmental,
social, and governance practices.
We regularly monitor our investment
portfolio to ensure compliance with our
policy and objectives. We also report on the
financial performance and social impact of
our investments to our stakeholders
annually.
Through this investment strategy,
Compassion Network UK aims to uphold
our commitment to financial responsibility,
ethical standards, and social impact,
ensuring that our resources are used to
further our mission and benefit the
communities we serve.| |Other||| Docusign Envelope ID: 81E47810-C0E9-426F-A5EE-1740FEE384E0 ## **Structure, Governance and Management** |Description of charity’s
trusts:||**Constitution: CIO - FOUNDATION**
**Registered 19 April 2021**| |---|---|---| |Type of governing document
(trust deed, royal charter)|Para 1.25|The charity is governed by a CIO
Foundation constitution.| |How is the charity
constituted?
(e.g unincorporated
association,CIO)|Para 1.25|Charitable Incorporated Organisation
(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|Para 1.25|Trustees are appointed in accordance with
the provisions set out in the charity's
governing document.| ## **Additional information (optional)** You may choose to include further statements where relevant about: Policies and procedures adopted for the induction Para 1.51 and training of trustees The charity’s organisational structure and any wider Para 1.51 network with which the charity works Relationship with any related Para 1.51 parties Other ## **Reference and Administrative details** |Charity name|Compassion Network UK| |---|---| |Other name the charity uses|Compassion (working name), Compassion Cafe (working
name), The Link Coffee House (working name), Compassion
Church (working name), Compassion Coffee House (working
name), Compassion Internship (working name)| |Registered charity number|1194141| Docusign Envelope ID: 81E47810-C0E9-426F-A5EE-1740FEE384E0 Charity’s principal address 77A Nolton Street, BRIDGEND, Mid Glamorgan, CF31 3AE Docusign Envelope ID: 81E47810-C0E9-426F-A5EE-1740FEE384E0 ## **Names of the charity trustees who manage the charity** |1
2
3
4
5
6
7
8
9
10
11
12
13
14
15
16
17
18
19
20|**Trustee name**|**Office (if any)**|**Dates acted if not for whole**
**year**|**Name of person (or body) entitled**
**to appoint trustee (if any)**| |---|---|---|---|---| ||Eniola Isaacs|Trustee|Whole Year|| ||Rev Harold Presley|Trustee|Whole Year|| ||Scott Hampton|Trustee|Whole Year|| ||Derrick Gardner|Trustee|Whole Year|| |||||| |||||| |||||| |||||| |||||| |||||| |||||| |||||| |||||| |||||| |||||| |||||| |||||| |||||| |||||| |||||| – Corporate trustees names of the directors at the date the report was approved |**Director name**||| |---|---|---| |**Rev. Chrisotpher L. Turner**|**Whole Year**|| |||| |||| |||| |||| |||| Name of trustees holding title to property belonging to the charity |**Trustee name**|**Dates acted if not for whole year**|| |---|---|---| |**N/A**|**N/A**|| |||| |||| |||| |||| |||| Docusign Envelope ID: 81E47810-C0E9-426F-A5EE-1740FEE384E0 ## **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)** |**Names and addresses of advisers (Optional information)**|**Names and addresses of advisers (Optional information)**|**Names and addresses of advisers (Optional information)**| |---|---|---| |**Type of**
**adviser**
**Name**
**Address**||| |||| |||| |||| |||| |**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** Docusign Envelope ID: 81E47810-C0E9-426F-A5EE-1740FEE384E0 ## **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**||| |---|---|---| ||
Christopher L. Turner|Scott Hampton| ||
Chair|Secretary| ||30/07/2025
30/07/2025|| ||30/07/2025|| **Charity Registration number: 1194141** ## **Compassion Network UK** **Independent Examiners Report and Financial Statements** **for the Year Ended 30 September 2024** ## **Compassion Network UK** ## **Contents** ||**Page**| |---|---| |Charity Information|**1**| |Independent Examiner's Report|**2**| |Statement of Financial Activities|**3**| |Balance Sheet|**4**| |Notes to the Financial Statements|**5 - 11**| ## **Compassion Network UK** ## **Charity Information** Constitution Compassion Network UK is a Charitable Incorporated Organisation Charity Number 1194141 The Trustees who served in office throughout the year were as follows - Derrick Gardner Eniola Isaacs Rev Harold Presley Scott Hampton - Principal & Registered Office Compassion Network UK 77A Nolton Street Bridgend Mid Glamorgan CF31 3AE - Principal Bankers Lloyds Bank 18 Wyndham Street Bridgend CF31 1EQ Independent Examiners - R.H. Jeffs & Rowe Chartered Accountants 27/28 Gelliwasted Road Pontypridd CF37 2BW **Page 1** ## **Independent Examiner's Report to the Trustees of Compassion Network UK** I report to the trustees on my examination of the financial statements of Compassion Network UK ('the charity') for the year ended 30 September 2024 which comprise the Statement of Financial Activities, the Balance Sheet and related notes. This report is made solely to the charity's trustees, as a body, in accordance with section 145 of the Charities Act 2011. My work has been undertaken so that I might state to the charity's trustees those matters I am required to state to them in this report and for no other purpose. To the fullest extent permitted by law, I do not accept or assume responsibility to anyone other than the charity and the charity's trustees as a body, for my work, for this report, or for the opinions I have formed. ## **Responsibilities and Basis of Report** As the trustees of charitable company you are responsible for the preparation of the financial statements in accordance with the requirements of the Charities Act 2011 ('the Act'). I report in respect of my examination of the charity's financial statements carried out under section 145 of the 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. An independent examination does not involve gathering all the evidence that would be required in an audit and consequently does not cover all the matters that an auditor considers in giving their opinion on the financial statements. The planning and conduct of an audit goes beyond the limited assurance that an independent examination can provide. Consequently I express no opinion as to whether the financial statements present a 'true and fair' view and my report is limited to those specific matters set out in the independent examiner's statement. ## **Independent Examiner's Statement** I have completed my examination. I confirm that no material matters have come to my attention in connection with the examination giving me cause to believe that in any material respect: - accounting records were not kept in respect of the charitable company as required by section 130 of the Act; or - the financial statements do not accord with those records; or - the financial statements do not comply with the applicable requirements concerning the form and content of accounts set out in the Charities (Accounts and Reports) Regulations 2008 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. 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. Mr. R E Thomas BSc FCA R H Jeffs & Rowe Limited Chartered Accountants Pontypridd Date: 14 July 2025 **Page 2** ## **Compassion Network UK** ## **Statement of Financial Activities for the Year Ended 30 September 2024** |||||||**Total**||**Total**| |---|---|---|---|---|---|---|---|---| |||||||**Year to**||**Year to**| ||**Notes**|**Unrestricted**||**Restricted**||**30/09/24**||**30/09/23**| |||**£**||**£**||**£**||**£**| |**Income & Endowments**||||||||| |Grants|**2**|-||12,400||12,400||10,640| |Donations|**2**|3,950||-||3,950||3,241| |**Total Income & Endowments**||3,950||12,400||16,350||13,881| |**Expenditure**||||||||| |Charitable Activities|**3**|537||15,219||15,756||1,100| |Governance Costs|**3**|960||-||960||-| |**Total Expenditure**||1,497||15,219||16,716||1,100| |**Movement in Total Funds for the Year:**||||||||| |**Net Incoming/(Outgoing) Resources**|**4**|2,453||(2,819|)|(366|)|12,781| |**Transfer Between Funds**||(1,528|)|1,528||-||-| |**Fund Balances Brought Forward**||3,231||9,650||12,881||100| |**Fund Balances Carried Forward**||4,156||8,359||12,515||12,881| **Page 3** ## **Compassion Network UK** **Balance Sheet as at 30 September 2024** |**Notes**
**Fixed Assets**
Tangible Assets
**6**
**Current Assets**
Debtors
**7**
Cash at Bank and in Hand
**Creditors: Amounts Falling**
**Due Within One Year**
**8**
**Net Current Assets**
**Total Assets Less Current**
**Liabilities**
**Funds**
Unrestricted Funds
Restricted Funds
**11**|**2024**
**£**
2,101
766
2,867
)
(960|**£**
10,608
1,907
12,515
5,684
6,831
12,515|**2023**
**£**
3,143
4,088
7,231
-|**£**
5,650
7,231| |---|---|---|---|---| |||||12,881| |||||3,231
9,650| |||||12,881| The notes on pages 5 - 11 form part of these accounts. The financial statements were approved by the Trustees on 11 July 2025 and signed on its behalf by :- Scott Hampton Trustee **Page 4** ## **Compassion Network UK** ## **Notes to the Financial Statements** ## **for the Year Ended 30 September 2024** ## **Statutory Information** Compassion Network UK is a Charity, registered number 1194141, based from 77A Nolton Street, Bridgend, Mid Glamorgan, CF31 3AE. The nature of the charities operations and principal activities is disclosed wihin the Trustees Report. The financial statements are presented in Sterling (£), the charities functional currency, and rounded to the nearest pound. The significant accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all years presented unless otherwise stated. ## **1. Accounting Policies** ## **1.1. Basis of Preparation and Assessment of Going Concern** The accounts (financial statements) have been prepared uner the historical cost convention with items recognised at cost or transaction value unless otherwise stated in the relevant note(s) to these accounts. The financial statements have been prepared in accordance with the Statement of Recommended Practice: Accounting and Reporting by Charities preparing their accounts in accordance with Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) issued on 16 July 2014 and the Financial Reporting Standard, applicable in the United Kingdom and Republic of Ireland (FRS 102) and the Charities Act 2011. The Charity constitutes a public benefit entity as defined by FRS 102. The trustees consider that there are no material uncertainties about the Charities ability to continue as a going concern over the next year. The trustees confirm that as far as they are aware, there is no relevant information of which the charities examiner is unaware; and that they have taken all the steps that they ought to have taken to make themselves aware of any relevant information and to establish that the examiner is aware of that information. ## **1.2. Taxation** The concern, being a charity, is not liable for Tax on its charitable activities. **Page 5** ## **Compassion Network UK** ## **Notes to the Financial Statements** ## **for the Year Ended 30 September 2024** .................... continued ## **1.3. Income & Endowments** All Income & Endowments are included in the Statement of Financial Activities when the charity is entitled to the income and the amount can be quantified with reasonable accuracy. The following specific policies are applied to particular categories of income: - a. Voluntary income is received by way of donations, gifts and unconditional grants and are included in full in the Statement of Financial Activities when receivable. - b. Where income is dependent upon performance and specific deliverables, income is included in the Statement of Financial Activities as the charity earns the right to consideration by its performance. - c. Where relevant, donated services and assets are included at the value to the charity where this can be quantified. The value of services provided by volunteers has not been included in these accounts. - d. Investment income is included when receivable. ## **1.4. 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 settlement will be required and the amount of the obligation can be measured reliably. All expenditure is accounted for on an accruals basis. Expenditure includes any VAT which cannot be fully recovered. Charitable expenditure comprises those costs incurred by the charity in the delivery of its activities and services for its beneficiaries. It includes both costs that can be allocated directly to such activities and those costs of an indirect nature necessary to support them. Governance costs include those costs associated with meeting the constitutional and statutory requirements of the charity and include the audit fees and costs linked to the strategic management of the charity. All costs are allocated between the expenditure categories of the Statement of Financial Activities on a basis designed to reflect the use of the resource. Costs relating to a particular activity are allocated directly, others are apportioned on an appropriate basis. ## **1.5. Tangible Fixed Assets and Depreciation** Depreciation is provided at rates calculated to write off the cost less residual value of each asset over its expected useful life, as follows: Fixtures, Fittings & Equipment - 20% straight line basis per annum. **Page 6** ## **Compassion Network UK** ## **Notes to the Financial Statements** ## **for the Year Ended 30 September 2024** .................... continued ## **1.6. Fund Accounting** The unrestricted funds of the charity comprise those monies which are available to be used towards the meeting of the charitable objectives of the charity at the discretion of the Management Committee. The restricted funds are monies raised or received for a specific purpose and accounted for in accordance with the donors imposed conditions. ## **1.7. Debtors** Trade debtors and other debtors are recognised at the settlement amount due after any trade discounts offered. Prepayments are valued at the amount prepaid net of any discounts due. ## **1.8. Creditors** Creditors 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 are normally recognised at their settlement amount after allowing for any trade discounts due. ## **2. Income & Endowments** |**Income & Endowments**|**Total**|**Total**| |---|---|---| ||**Year to**|**Year to**| ||**30/09/24**|**30/09/23**| ||**£**|**£**| |Included within Income & Endowments for the Year are:||| |**Grants:**||| |Lottery Fund|-|10,000| |Bridgend CBC|-|640| |National Grid|10,000|-| |Benefact Trust|2,400|-| ||12,400|10,640| |**Donations**|3,950|3,241| ||16,350|13,881| **Page 7** ## **Compassion Network UK** ## **Notes to the Financial Statements for the Year Ended 30 September 2024** .................... continued ## **3. Total Expenditure** |**Total Expenditure**|||||||| |---|---|---|---|---|---|---|---| ||||**Mental Health**|||**Total**|**Total**| ||**Basis of**||**/ Children in**|**Local**|**Homework**|**Year to**|**Year to**| ||**Allocation**|**Unrestricted**|**Music Project**|**Giving**|**Hub**|**30/09/24**|**30/09/23**| |||**£**|**£**|**£**|£|**£**|**£**| |**Charitable Activities**|||||||| |Donations Paid|Direct|310|-|-|-|310|-| |Donations - Homework Hub|Direct|-|-|-|3,928|3,928|-| |Local Giving|Direct|-|-|10,000|-|10,000|-| |Warm Hub Project|Direct|-|-|-|-|-|640| |Sundry Costs|Direct|6|-|-|-|6|110| |Events|Direct|221|-|-|-|221|-| |Depreciation|Direct|-|1,291|-|-|1,291|350| |||537|1,291|10,000|3,928|15,756|1,100| |**Governance Costs**|||||||| |Independent Examiner's Fees|Direct|960|-|-|-|960|-| |||1,497|1,291|10,000|3,928|16,716|1,100| **Page 8** ## **Compassion Network UK** ## **Notes to the Financial Statements for the Year Ended 30 September 2024** .................... continued |**4.**|**Net Incoming/(Outgoing) Resources**|**Total**|**Total**|**Total**|**Total**| |---|---|---|---|---|---| |||**Year to**||**Year to**|| |||**30/09/24**||**30/09/23**|| ||This is stated after charging/(crediting):||**£**||£| ||Depreciation||1,291||350| ||Independent Examiners Fees||960||-| |**5.**|**Staff Costs**|**Total**||**Total**|| |||**Year to**||**Year to**|| |||**30/09/24**||**30/09/23**|| ||Staff costs during the year comprised of the following:||**£**||**£**| ||Wages and Salaries||-||-| ||||-||-| The average number of employees during the text amounted to Nil (2023 : Nil). No employee was paid £60,000 or more during the year (2023 : Nil). The Trustees received no remuneration or benefits in connection with the performance of their duties. The Trustees also did not claim any expenses during the year. **Page 9** ## **Compassion Network UK** ## **Notes to the Financial Statements for the Year Ended 30 September 2024** .................... continued ## **6. Tangible Fixed Assets** |**6.**|**Tangible Fixed Assets**||||||||||| |---|---|---|---|---|---|---|---|---|---|---|---| |||||**Fixtures,**|||||||| |||||**Fittings &**|||||||| |||||**Equipment**||||**Total**|||| |||||||**£**||||**£**|| ||**Cost**||||||||||| ||At 1 October 2023|||||6,000||||-|| ||Additions|||||6,249||||-|| ||At 30 September 2024|||||12,249||||-|| ||**Depreciation**||||||||||| ||At 1 October 2023|||||350||||-|| ||Charge for the Year|||||1,291||||-|| ||At 30 September 2024|||||1,641||||-|| ||**Net book values**||||||||||| ||At 30 September 2024|||||10,608||||-|| ||At 30 September 2023|||||5,650||||-|| |**7.**|**Debtors**|||**2024**||||**2023**|||| |||||||**£**||||**£**|| ||Amount owed by connected companies|||||2,101||||3,143|| |**8.**|**Creditors: Amounts Falling Due**|||**2024**||||**2023**|||| ||**Within One Year**|||||**£**||||**£**|| ||Accruals|||||960||||-|| |**9.**|**Analysis of Net Assets Between Funds**||||||||||| |||**Unrestricted**|**Restricted**|**Designated**||||**Total**|||| |||**£**|**£**||**£**|||**£**|||| ||Tangible Fixed Assets|-|10,608|||-||10,608|||| ||Net Current Assets|1,756|151|||-||1,907|||| |||1,756|10,759|||-||12,515|||| **Page 10** ## **Compassion Network UK** ## **Notes to the Financial Statements for the Year Ended 30 September 2024** .................... continued ## **10. Related Party Transactions** During the year donations of £Nil (2023 : £3,241) were received from The Link Coffee House Ltd (a company under common control). During the year donations of £3,928 (2023 : £Nil) were paid out to The Link Coffee House Ltd (a company under common control). ## **11. Restricted Funds** |**Restricted Funds**||||||||| |---|---|---|---|---|---|---|---|---| ||**At**|**Incoming**|**Outgoing**|||||**At**| ||**01/10/23**|**Resources**|**Resources**||**Transfers**|||**30/09/24**| ||**£**|**£**|**£**|||**£**||**£**| |Mental Health / Children in Music Project|9,650|-|(1,291|)||-||8,359| |Local Giving|-|10,000|(10,000|)||-||-| |Homework Hub|-|2,400|(3,928|)||1,528||-| ||9,650|12,400|(15,219|)||1,528||8,359| |Unrestricted|3,231|3,950|(1,497|)||(1,528|)|4,156| ||12,881|16,350|(16,716|)||-||12,515| **Page 11**