The Compa55 (Charitablt In¢orporaled vr%4nisxtion) Annual rcwrl and unaudiicd financial sialem¢YtL% Year ended 31 March 2024 Registered charih" number: 119q270
Tbe CompASS report ¥4nd uoaudiiL fillaucial st4tetDcDts for the lear ended 31 March 2024 Conii'nts. Page: 34 R¢pirl olth¢ Tnst¥X Siaiement ofTrUe. Responstbilities IndcndCnt ExamirsLr's RLI SiatLITliryJt of Finala1 Activities Balancc Sheet Notes forniine part of the Financi SLi*ments The folluwing P¢Eg¢ df>C4 form part of the statutory accounL8 10 Delailed Sialemcnl of Trinancial Actii'ities
The Compass Report of the Trustees lor the year ended 31 March 2024 LEC:4L.4ND ADMIYISTIL4TII'E INFORM.4TI()P*' Charitt, uMber. 1195270 Gos'erlliu do¢uU#t Tht rhur¥ty is a Chdritahl¢ IncoryK>rated (hganisalion Trustees M Adams D Balshaw (Chatr) C Biltort Kti Exccutives and Professional Adi'isers Indt cndent Examincr Clive Bury. 55 Links Avenue. FeliLstowe. IP I19HE Corres ondekn¢e Address 10 Brook Ian¢. Fclixstowe. LPK 17EG Related artie5 TheTt wcrc no rclaied party transactions Risk- mana ement -l-Iii tnistL¥S hai"L conside1 thc major risks lo which thc charity is cxposed IWVL rCViLw thcTn and ¢onsidcr that suiiable sysiemsare in plac¢ (omFligale ihose risks.
The Compass Report of the Trustees for tbe year cnded 31 Mrch 2024 (conlin¥ed) OBJECTIVLS PLIRPUSE IlND,ICTII'ITIES f i55ion Statiment Thc objcc15 ofihe charity thc pr¢v¢nliun or rclicl-of px)vcrty in Felixslvwe Jnd ihc surrounding arca by providin¥ r%'iccs to individuals in need and io turthcr such other charitablc purw)ses. according to law of England and Walis. as thL rruslccs shall dccidc. Ob'o¢tiFV And Activitics for the Public Benefit Th¢ Trusrees have considered the Chariry Commission8 guidancL un public fil when setting ihc ubjcctivcs for the year. The Trustees confimi Ihat th¢v have complied wilh the duly in se¢tion 4 of ihe Charltith Aci 2011. ACHIEIIEMENT AYD PERFURNIANCE Thc charily launchL.d in April 2021 wilh ihrLC lrusllL. all of whom arc PLlixslowc rcsidcnts of my yiars. all¢md local churches and care deeplv for Lhe iomniuniiy_ The Senior community otreaCh worker a paid mernber ot statT. also Lhere is one i'olun(eer ouirea¢h worker and an inLreasing number ol'irasned volunteers who are all Dtjs cheeked. ThL aini its l() improv¥ quality of IhfL for fdmtlEL indii'idual% by signTX)s1ing an¢Vnr pr4)viding c4Ju11(}ll, Irainin& cultural. rrallOnaj. and other appropridtc anyonc in rc%idci rn Fclixslow'c a[ Ihc urrounding arcas. The CumpdS% a¢iLpt5 a Feferrdl for Y()ne in nL'LxI, %0 thi. arL" widL-ran&yng. There have bLYn over 200 individualslfdmilic% refed sincc launLh. Rifcrr#ils primbrily from SibLK)15, social wvrket5 dnd the job Lcntre. also scII'TcILrrdls. The leam has specialist knowledge arowid money management a(Ivice. benefits, education. housing and much mctrre. Iniiial Lonthc¢ can reqiiire provision ot emergency tood. baby supp5ies, or tiiel vouchths. The Compass has also furnishcd houscs, providLyJ wliitL' gi)ud5. Llcatcd itcms to th¥ up, plumbLY in wasbing maLhincs. artd carried (>ut gaid¢iiin¥. Thc Compass communily outrcach workers (and supponing voluntccrsl work holisli¢ally wtih cach scrvicc uscr. wirhin their wh()IL litc/fdfiiTIy setting_ T)'PlLdlly d s¥rvice user will hdVL. 3 otie io sL'SSÈOnS With thc Lommuniry outrcaLh workcr. In thest 510$ needs are identificd and f()mi% arc fillcd in (ie. gaicway lo housing. or addilional bcn¢liES suu¥hii. TypiLdll) this llads to idin¢ifiLalion ofmissing lilL skills - such as Looking vn d bLidgNa. singlc PilfLniing' grroup. mLntal hLdlih dnd wcllbcingr gTroup. money skills, basic Inaihs and ¥n¥lish, basiL I-I., job Llub. and lite %kills. The Comp&ss works with Christian% Against Poverty. MindingT th¢ Cjap, KiiLs Matter and Reali%e FLllures. The Compass has helped incoine deprived service users financially Ihrough a number of funds- namely Rope TrusL L WAS Jnd Ilouschold Support Grani. In the year to 31 March 2024 unrestricted in£ome Wd.% £&833 (2023=£25.521) of and unrc>lricicd ¢Knd¥[rC was £19.01612021.. £22.666}, rL?ulting in Lmfcsiricled TLscrves at I Ist,MdfLh ?0?4 of £7.1103 (?073= £17.l¥f)l. Additionally in the year to 31. March ?024 restricted tncnme iv&8 £13Jll¥ {?023..£?? 2721 and restricted eXpendire Wds £12.43512023.. LI 8 ?1(1 l. resuliin¥ in ILslriil¢d r¢sL'TVCS ai 3 Isi MdfLh ?024 of£4.94412023.. £3,991).
The Compass Report of the Trustees for the year ended 31 March 2024 {Loiitiiiued) FI%.4NC"IAI. RF.VIF.II' Rtsen es PiilitTr' and (voin CtsDcern As stdlLd in ihc linancial rcvicw. bclow ihe retserve5 ar¢ Currenily sianding ai a salislactory Icvcl. li is thc truslce5' aim lo maintain rerVeS &t areasonablc l¢v¢l to cn%urethc longtcrm financial sccuritv ofthc organi%alion. The Board of Trustees Iwi'e considered the health of the balance sheet and the budgjet for ihe forthcoming period in re8Lhing the conclusion that it is appropriate ro prepare th¢ accounts on the goiTbg conccm basis. Plans for the fulure The charity'.5 alin& for Lhe fure are lo InCr8e itb. Visibilily within the felixsloe are4. STATEMENT ()F TRUSTEES. RESPOYSIBILITES The tnLStees are restx)nsible tor keeping sufficient accounting recor(is that div1th8¢ wÈth reasonable accuracy at any tiniL thL finanLial pusiiion ()[ th¥ ChatitablL Iniorporatld OrbFdllisdiion {ciuI. Thcy tnLCt rLlbyularly throughout th¢ yLar to rLviLw mdndblLmLnl dLLounts. Thcy arc TlponlbIkn for fLgUddig the ()f ihL CIO and hLnLL for takingT fL'a8onablL fi)r thL prci"L"nti(Trn and dctcction ibf fraud and ()IhLr irrLyularitics. This rLTOrt was appri)i"cd by thc trustccs on.... . and signcd on their behalf by: alshaw- Chair of Trustccs
llNDPENDET EklhlllNER'S REPORT TO THE TRUSTEES OF TItE COMPASS I rcport on thc accounts of th¢ ¢hariry for Ihc ycar cndcd 31 March 2024. whi¢h arL 5Lt oul vn paTl 7 10 9. Re5pe£tii'e r¢sPOU5ibilities of trus¢ee5 and ex¥mi&er The ttuNtee% arc rc%rMTrnsible for the prepdrati()n ()t the aLCQUTlts. The tNstees considLY th&t an audit is requirtyl for this period under Section 144121 of the Chan"ties Act 2011 (the 2011 Act) and that an inderKndent examination is n{ed. Having %alisfied myself thal the charily is not subjea to audit under company law and is eligTrble for independeni Ixdiiiin&Lliun, it is niy rLsponsibility lo.. {}} ¢xaminL' IhL acLounts undLr section 145 vf thc 2011 Act lill to follow ihe procedures laid out in the general Directions given by ihe Charily Commik%ion under seeiion 14515)Ib) of ihc 2011 ALI. and (iiil t() statc whcihL'r Pdrtiiuldr mattL'fs havc come to my attcntion. Basis of independent examiacr'5 report My uxdmindtion was LarriLd our in aLLvrdancc with thc gL'ncrdl Dir¢xiions by th¢ Chariry Commission. An examinaiion inLludLs a rii'iLw of ih¥ ac¢ouniingT fLLords kLyi by th¢ iharitv and a cornparison of the aLxounis presented with those records. li also include% consideralion of any unusual ilems or disclosures in ihe accoun18. and seekitlg ¢xplanation8 from you a5 trn%t¢es conccming anv %ueh mailer*. Thc procedure% undertaken do nol providc all thL LvidLIiLL thdt wi)uld iK' riyuirL.d in &udit and LC)IISiNULlltly Iiu opinioi) gYiVLlI to whethLr the aLLount4 prcsalt d 'tNe dnd ltiir VIC and the rep)rt is limilcd io thosc maLtixs sei out in th¢ slatcmcnt below. Independent cxamimor'% statemcnt In Lunn¥Ltion with Iny Lxamindfion. Jnattcr has come to my artLTlion= {a) h7¢h LT II'CS me reasonable cause 10 believe ihal in any malerial re8pecl the requirements: {il io k¢¢p accounlin¥ records in accordance wilh section 130 ofih¢ Companies Act 2011 as amended: and (li) to PTLryidfL' aLcount% which accord wilh thL aLcounting rccords, Lomply with lh¢ accounting rLwuirLThcnts of thc Act have not bccn mct- or (b) to ,hich. in my npinioii. attention account% to b¢ r¢Ycbe uld be drawn in order to enable a proper widerstanding of the Cli>'e Buri. _MA.AT S5 l.inks .4vL7nye Feliistoii'e IP?19HE DatLyl
The Compass Statemcnt of financial activiti incorporating the income and expenditure 8CCOUD¢ for the vear ended 31 Marrh 2024 Noi¢ 2024 2024 2024 Total 2023 RtstA¢led Imcorne Income from charilable activiii&% &833 13J88 22,221 47,793 Total income 80J3 13J88 22,221 47,793 Expenditure ExpLditurC on LharitablL il¢tivitiL'S 19,016 12,435 31.451 40.947 Tot e%penditMre 19.016 12.435 31.451 40.947 Net incomingl(outiyningJ resources {10.iX3) 953 (92311) 6.846 Balance b/fd 1st April 2023 17.186 3,991 21.177 Balance clfwd 31 Martb 2024 7.003 4.944 11.947 Th¢ nOlc5 on page 9 lonn pari of th financial siai¢mcnt.4.
'rhe Comp*ss Balattce Sheet at 31 March 2023 Current assets 2024 Cash ar bank atxj in hand 11.947 21.177 Net current assets 11.947 21.177 Total &s5ets less current liabilities 11,947 21,177 Total llct assets 11,947 21.177 RcptL¥¢ntcd by UnrLtriltL Funds" 11.947 21.177 Rcsiricicd Funds Ttal fund 11.947 21.177 The Charities Aet 2011 rcquires the tru5tces to prepare financial staicmcnts for each financial period which givc a tru¢ and t-air viciv uf thc statc ol'affairs of the C.10 and of the surplus 01 dcficit of ihc CIO for that pcriod. In preparhng th&se financial ststements the tntstees are required io= SclcLt suilablc accountinb FM)IiLiL% and apply them ¢onsisl¢nily MdkL jud¥LmLnis dnd ¢slinid1¢5 that rcasondblL prudLiIt PrL'PalL. finlillcial %tatLlYlCIlt on thL going LonLLY]i basis uiiless it is ii)appropriate to prLsume thai thL CIO will coniinuc Rn cxi51enc Sttltc whcthLT applicablc accounting standards and SteMentS of rcLommcndcd practicc havc bceE] followcd, subject io any material departur¢s di&¢los¢d and ¢xplain¢d in thc finanlial slatcmcnts. The financia] statements wEre approved and auÉhorised for issue by Ihe TrLSstres of ihe CIO on . dnd wcre signed on its haIfby. ..D Balshaw (Thair of Tnisi
Tbe Cotnpxss ilotes to the finallcial statements for the yesr ended 31 M¥rch 2024 Accounting policies A¢tounting convetttio The financial statements have been prepared under the historical cost convention. and in accordance with the Accouniing and RLy)rring by Chariti¥s SidrLmin( of Kcioinincnd PrdLIicc dppIiLdbli to Chari(i1s pripdring their accounls in accordance wilh (he financial Reporting Siandard for Smaller F.niiiies (etTe¢iive January 201 i). 'IbL a¢counts hdv¢ b¥¢n prLparLd on thc bvoing conccrn basis as explain¢d in th¥ -1 rusllcs f¥port. Incomt fThbm charltt acthlhes nton)¢ froni ¢harithblc yclivilics arc includcd in full in inconic whcn rcccivLd. Expenditure Expenses ar¢ rncluded in tk Staicmcnt of Financial Ac¢ivitics on a cash basts and arcallu(¢d th¢particular aciiviiv io which the ¢osts relate. CJov¢rnance ¢t8 include those costs &ssociaied Kviih meeting the con51itutional and slabjiory requirements of the charity and include ihe cost8 linked to ihe 8lrategic mdndLI meni uf tlic ¥l)driry. All costs arc allocalcd bciwccn ihc eXndItUre caiegori&s ofthc Siai¢mcni of Firwicial AGtivilic5 on a basis dL%ILtrllLd tv rLflLLt thL IISL" of ELsoufLC5. Incomc from charitable ctivitie5 Unrestricted Unrostricted 2023 Income from charitsble activiticb 13.388 47.793 Expemditure on ch&ritable activities Unrestricled Restricted 2023 r.xpcndilurc on ¢hariikblc aetivitics 19,016 12,435 40.947 4. I-rustees, Remuneration and Benefits Nonc of thc dirL'Ctors ftxcivcd any rLinuncration during IhL ri(jd. Trllqtees, expeTAse5 Non¢ ofihc direcior% received reimburscd cxpCnS&. S. Kelated party ¢r2nsactions ThcrL were no rclated party transaction5.
The Comp•ss DET.4lLED STATEMENT OF FLNLNC.IAL AcfiviTIES FOR THE YEAR E,NDED 31 MARCH 2024 2Q23 202.7 2023 TDl41 2023 RrstrldLrd In¢ome Grants received Fundrnisiiig Donation8 7.459 i.U24 13J88 20.847 1,024 34.772 3,316 9,705 Total illcome ¥.833 22221 47.793 Expenditure rimcrg¢n¢y %uppli&s Ho.%pithlity & Ginb Admiiii5trativc costs Salary cosls IT Losts 12,435 13.027 192(19 37 6.71)0 14.144 701 6.330 11.960 134 11,960 134 Total L'xpenditure 19.016 12,435 -11.451 40.947 10