The Compass (Charitable Incorporaled or%*nisationl Annual r¢wrt and audit¢d financial stat¢ments Year ended 31 Mah 2025 R¢gis¢¢r¢d tharity number". 119S270
The Compass Annual report and UDaudited finanual statements for Ihe yr ended 31 March 2025 Contents Page: 34 Report of the Trustees Statrm¢nt of Ttustrcs, R¢sponsibilits'cs Jndcpcndent Examiner's Report Statement of Fmancial Activits'cs Balanr£ Sheet Notes fom]in8 part of th¢ Financial Statem¢nts The ftIllowiDg pa8e does not forni part of the statutory accounts 10 DeIed Statement of Financial Athvities
The Comp* Report of the Truste¢s for the yegr ended 31 Mxreh 21125 Number. 1195270 Governin document Th¢ ¢harity is a Charitable Incorporated OrgantsatioR Trustees M Adams D Balshaw (Chair) C Bilton Ke Exe¢utives and Professional Advi8ers lldent ExamiLer Clive Bury, 55 Links Avenu4 Felixstow4 IPI19HE. Corres ndeo¢e Addre&8 26 Co]neis Rort FcliL%towe, IPI19HF There were no r¢lat¢d paty transactions Risk mana The trustees have considered the major risks to which the charity is exposed. have reviewed them and consider that suitoblesystems are inplace to mitigatethoscrisk5.
The Compass Report ofthe Trustees for the year ended 31 March 2025 (condnued) Mission Statement The objects of the charity are the prevention or relief of y)vety in Felixstowe and the surrounding area by providing s¢rvi¢¢s to indivtduals in need and to such othcT cbarttablc purp05ffj accordin8 to the law of En8land and Wal¢s as the trustees shall decid¢. Ob'e¢livw and Actfvhles for tbe Publk Benefit The Trustees have considered th¢ Charity Commissions guidance on public benefit when setting the objectives for th¢ year. The Trnstees confirni that they have e4)Tnplied with the duty in tIOn 4 of the Charities Act 2011. ACHIEVEMEiYf AI¥D PERFORMANCE The charity launch in April 2021 with three of whom are Felixstowe residents of many years. attend local churches and Ca d¢¢ply for the communty. Until February 2025 the Senior C4)mmunity outr¢ach worker was a volunteer, also there was one part tim< paid m¢mber of sthff and a number of trained volunte¢rs who are all DBS check. Thereafter there are two. part time. paid eommvnity oulreach workffl5. The aim is to improve quality of lif¢ for families andlor individuals by providin8 SUPFK)rted signw)stingladvw to SpeCi1$t services. enabling online form-filllng and improving life skill4 e$claI]Y around budgeting and money management These services are providcd frcc of charge to anyone who resides tn Felix5towe (IPI I). The Compass accepts refcrrats from statutory. voluntary and dwilable organisations. so the needs are wide.rdnging. The main staknt()ry referral agency in recet)t times has been GP practices. There have been over 2(K> individualslfamilies referred sinc¢ launch. Increasingly, as we have brne knowru we are receivTng referrdls from friends 2nd f2mily memiws we have worked wtth previously. The teaTn has specialist knowledge omund money rn8nagemenL uCatio housing and much more. Initial contsct can require provision of emergency food and fiTel vouchers. The Compass community outr¢a¢h worke[5 (and supportirftg volunt¢¢rs} wotk holi5ticalty with Servi user, within their whole lifclfamily setting. Service-users are asstgned a specific outseh worker and always face-tOface appointments- increasingly rare these days. We may work with an individual for a few weeks or. in some cas¢s, a few years. They will remain on the weload while there is 'traction'. and can return if their life situatiotTr ¢hang¢s. The Compass has helped income deprived servÉce users fuwicially through a numlr of fn&9- namely Rope Trns( Felixstowe Relief Charlty, LWAS and Hou5¢hold sup GranL In thc year to 31. March 2025 unrestricted in¢oJne £1495 (2024:£&833) of and unr¢strict¢d expendttttre was £19,422 (2024: £19,016X resutting in Unrestrict reserves at 31 st March 2025 of £12,176 (2024: £7.003). Addttionally in the year to 3 1 March 2025 restricted income £14864 (2024:£13 J88) and restri¢t¢d ext*nditu was £16A32 {2024: £12.435). Tesulting in Testricted Teserves 8t 31 st March 2025 of £3376 {2024.. £4.944).
The Compass Report of the Trustees for the y¢4T ended 31 March 2025 (continued) ALyc REvw Reserves Poli and Goi Concern As stated in the fmancial review E¢low the reserves are currently staDding at a satisfactory level. It is the trustres, 4im to maintain reserves atareasonable level toensurethe longterm financial security ofthe organisation. The Board of Trustees have considered the heatth of the balance sheet and the budget for the forthcoming period in reaching the conclusion that it is appropriate to prepare the accounts on the going concern basis. Plans for the future The ChIty'S aims for the future to increase its visibility within the Felixstow¢ area. STATEMEIYT OF TRUSTEES, RESPONSIBILITES The trustees are responsible for keeping sutTi¢i¢nt accounting records that disclose with r¢asonable accuracy at any timc the fan01a1 w)sition of the Charitable IncorFKTrrated Organisation {CIO). They meet regularly throughout the year to review managem¢nt accounts. They are also responsible for safeguarding the assets of the CIO 8nd hence for taking reasonable steps for th¢ prevention and ddection of fraud and other irregularities. 1% and signed on their behalf by: This r¢port w&$ approvcd by the on........ . . aw- Chair of Trustees
EPENDENf EXAMINER'S REPORT TO THE TRUSTEES OF THE COMPASS I report on the accounts of the charity for the year ended 31 March 2025, which are s¢t out on pag¢s 7 to 9. Respectiye responsibilities of lrnstees and eAxminer The trustee5 art rtsponsiblc for the Pparation of the accounts. The trustee5 COD5ider that an audit is Dot required for this pcriod under Section 144(2) of th¢ Charities Act 2011 (the 2011 Act) aud that aD independent ¢xamination is needed. Having satisfied myself that the charity is not subject to audit under company law and is eligible for independent examination, it is my responsibilty tr): (i) examine the accounts under section 145 of the 2011 Act (li) to follow the pedureS laid out in the geneA71 Directions given by the Charity Commission und¢r section 145(5Xb) ofthe 2011 ACL alld (iii) to state wh¢ther wti¢ular matters hav¢ come to my attentiorL Bwsis of ind¢peRdenl tJarnitter'y report My examination was wried out in ardance with the general Directions given by the Charity Commission. An examination includes a review of the accounting records kept by the charity and x eomparison of the accounts presented with those records. It also includ¢s WD5ider&tion of any unusual items or disclosures in the accounts, and seeking explanations from you #s trustees COTtceTning any such matte¥s. The priThlures undertgken do not provide all the evidence that would required in an audit and consequently no opinion is giv¢n as to whetherthe accounts present a'true and fair view. and the report is limited to those matters set out in the statement below. Independent ex2mtner's sthtemellt In conne¢tion with my examinatioTL no matter has come to my attention: (a) which gives me re&8onable cause to believe that in any maierial respect the requirements.. (i) to keep a¢¢ountin8 records in accordance with section 130 of the Companie5 Act 2011 as amended. and (li) to prepar¢ aca)unts svhi¢h accord with the accounttng records, wmply with the accounting reqU1ments of the Act have not been (b) to which, i counts eLor my Opinio attention should drnvm in Order to enable a proper understanding of the bc reac Clive Bury 55 Linkg Avenue Felixstow¢ IPII 9HE Dated
Statement of fman¢ial a¢¢ivitses IJ¢or1Bg the income aRd expendi¢Jre a¢¢ounl for the year ended 31 March 2025 2025 2025 2025 Totsl 2024 Intome Income from charitable actlvities 144 39.459 22,221 24J)5 14064 39.459 22.221 Expenditure Expenditure on charitable activi 19A22 16A32 3554 31.451 Total expenditsre 19A22 16A32 31.451 Net incomiryl(outgoing) resources 173 (1568) 3ffj05 (9230) Balallce blfvd tsl Aprll 2024 7m3 4944 11947 Balance dhyd 31 MaT¢h 2025 12.176 3J76 IS552 The no*s on page 9 forni of these financial statem
The Compgss Balan¢e sheet ai 31 March 2025 Current *gsets 2025 2024 Cash at bank and in hand 15552 11,947 Net ¢urr¢nt assets IS52 11,947 Total assets lesry ¢urrent liabiliti 15552 11,947 Totsl nel Issets 15552 11,947 Repres¢nted by UnStrICted Funds 1SJ52 11,947 Restricted Funds Total fun(L% IS552 11,947 The Chartties Act 2011 requires the tntstees to prepar¢ knFal statanents for financial period which give a true and fair view of the state of 2ff8irs of the CIO and of the surplus or defictt of the CIO for that peri(Kl. In preparing these finAncial statements the teeS wuired to: Select suitsble ac¢ounting Polici and appty them consistentty Make judgements and estimgles th&t are reasonable and prudent Prepare fin8ncial ststem¢nts on the going cotKern b&sis uDless it is inappropriate to presum¢ that th¢ CIO will continu¢ in existence stste whether applicable accounting thardS and statements of recotnmended practice have been followed, subject to gny depart disclosed and explained in th¢ financial statements. The rtn4n¢ strtements were approved and authorised for isslle by the TTUStees of the CIO on D Balshaw Chair of Tn¢S
The Comp5 Notes to the financial ststements for the year ended 31 March 2025 I. Ac¢ouD¢iHg p)licies A¢¢ouuting convention The financial ststements have been pwared under the historical cost convention, and in accordance with the Accounting and Re>rtIng by Charities Ststement of Recommend Practic¢ applicable to Charities preparing their accounts in accordance with the Fin3nci81 Rep)rting Standard for Smaller Entities (effective January 2015). The accounts have been prqmred on the golng concern basis as explained in the TnL%te¢s report. Income from charÉtsble aettvit Income from charitabk activiticsatr includ04 in full in incomewhen Te¢¢ived. Expendithre Expenses are included in the Ststementof Financial Activities on a cash basis and are allocated totheparticular activity to which the costs relate. Governance costs include those Costs associated with meeting the constitutional and statutory wuirements of the charity and include the costs linkol to the strategic management of the charity. All costs are all(Kated b&ween the exnd1th categories of the StatemeTrt of Finan¢ial Activities on 8 basis designed to reflect the use of resourc. 2. Income from ¢haritable aetfviti 2024 Income froln charitable activitie5 24595 22,221 Eipenditure on charitsbRe gdivilies Restricted 2024 Expenditure on clwitabl¢ activities 19A22 16832 31,451 4. Tr41AteA? Rgmuike¥tioD And B•A•frt8 Nonc of the directors received any remuneT2tion during the lIK1. Trnsteej, eipeDses Non¢ of the directors received reimbu ex. S. Related party tr8nsadioMs
The Compass DETAILED STATEMENT OF FINANCIAL AcIivrrIES FOR THE YEAR ENDED 31 MARCH 2025 2025 2025 2025 2IT24 ltteome Gr tE¢eiv¢d Fundraising Donations 19,7XI 732 4,113 34,614 732 113 20,847 1,024 350 Total income 24595 39.459 22221 Expenditllre Emergency supplies Hospitality & Gt115 Administrative costs Salary costs IT costs 293 IV32 16.725 13.027 7.022 11.933 174 7,022 11,933 174 6,330 11.960 134 Total expenditure 19A22 16,432 35354 31.451 io