ANNUAL REPORTS AND FINANCIAL STATEMENTS FOR THE YEAR ENDED 31ST MARCH 2023
COMPASS COLLECTIVE
(Charitable Incorporated Organisation)
CHARITY REGISTRATION No: 1195811
Castle View Accounting Ltd New Barn Mudberry Lane Bosham Chichester West Sussex PO18 8TS
COMPASS COLLECTIVE
(Charitable Incorporated Organisation)
CONTENTS
| Page 3 | Legal & Administrative Information |
|---|---|
| Pages 4 to 17 | Trustees' Report |
| Page 18 | Statement of Financial Activities |
| Page 19 | Balance Sheet |
| Pages 20 to 28 | Notes to the Financial Statements |
| Page 29 | Independent Examiner's Report |
2
COMPASS COLLECTIVE
(Charitable Incorporated Organisation)
LEGAL AND ADMINISTRATIVE INFORMATION
CHARITY NUMBER 1195811 DATE OF REGISTRATION 14th September 2021 START OF FINANCIAL YEAR 1st April 2022 END OF FINANCIAL YEAR 31st March 2023 TRUSTEES AT 31ST MARCH 2023 Wendy Solesbury MBE Bruce Goodison Mohamed Al-Kaisi Toby Jones Rebecca Machado CA LEGAL STATUS Charitable Incorporated Organisation GOVERNING INSTRUMENT CIO - Association Registered 14th September 2021
OBJECTS
The promotion of social inclusion for the public benefit among children and young people who are refugees and asylum seekers who are socially excluded on the grounds of their social and economic position and assisting them to integrate into society by: a ) Providing education and training in the English language. b ) Providing access and opportunities to the Arts in particular but not limited to theatre projects, Art based professional development and drama workshops. c ) Raising public awareness of the lived experiences and issues faced by refugees and those seeking asylum by presenting works of performing Arts.
CORRESPONDENCE ADDRESS London Borough of Lambeth 3 Space International House 6 Canterbury Crescent London SW9 7QE PRIMARY BANKERS National Westminster Bank Plc Sydenham Branch 61 Sydenham Road London SE22 5HA INDEPENDENT EXAMINERS Castle View Accounting Ltd New Barn Mudberry Lane Bosham Chichester West Sussex PO18 8TS
3
OMPASS OIIECTIVI. - ANNUAL REPORT 2022
Introduction Firstly, we would like to thank you all for taking the time to read this report and to join with us in celebrating the wonderful achievements of Compass Collective. 2022 has seen us grow our work and increase our reach as you will see the team have delivered, through these challenging times some outstanding projects and programmes. We have,in our first year as a charity celebrated so many achievements and one of the many highlights has been being recognised for our work by winning London Youths partnership working award. We have also seen our first cohort from the Next Steps programme graduate, worked alongside partners to deliver some exciting workshops and deliver some brilliant performances. Our Connect English programme has been a huge success with us now having a waiting list for people who wish to join. Young people are at the heart of all we do, and it is vitally important that their voice is not just heard but listened to and acted on. In light of this, the young people that join Compass really do achieve some amazing things and it has been inspirational to see how they welcome us on that journey with them and are willing to share their achievements with us. This wonderful dedicated team works incredibly hard to deliver activities that are dynamic, adaptable and provide a platform for young people to share their voice and to thrive. They offer a safe, supportive and inclusive environment that gives young people the opportunity to make friends, have fun and in the process build new skills. On behalf of the trustees and management team, we would like to thank the wonderful team, alL our incredible funders and partners and alL of you that continue to support us in achieving our mission. But mostly I would like to thank the young people for sharing your time with us and inspiring us to continue the journey. Wendy Solesbury MBE (Chair of trustees) and Ebrahim Esmail (Executive Director) Chèrity Nmber" 1195811
Compass Collective assists unaccompanied minor refugees and young people seeking asylum to build resilience and integrate into the UK through English classes, theatre, music and film projects and arts-led professional development programmes. Our mission We find creative, dynamic ways to empower voices. We provide projects that reduce social isolation and increase independence We offer platforms for the young people to speak for themselves and become the creative and social leaders of the future. We are a grassroots organisation, youth-led, with lived- experience leadership and a leadership development programme. This brings us close to the needs of the young people and shapes all of our programmes. We are grounded in experience with an ambitious vision for the future. 11 The last year 2022 in Brief 226 young people attended one of our projects We welcomed 166 new young people. We offered welfare support to 87 young people We engaged with 34 volunteers We organised 16 trips and 4 sports days We provided 161 emergency provision5 (Laptop/ data top ups ) and 114 rewards (vouchersl certificates) We made 96 referrals to relevant organisations/ opportunities We ran 149 sessions over the last yearl We welcomed a social media I marketing officer We welcomed 2 welfare volunteers and 1 corporate fundraising volunteer We secured an office space at the brilliant 35pace International House We became the Associate Company of the National Youth Theatre. We WON the 2022 London Youth Partnership Award for our outstanding work . We got shortlisted for the Creating A Better London Award WE'VE WORKED WITH OVER 230 PARTICIPANTS BETWEEN THE AGES OF 15-28 We became an associate company of NYT WE DELIVERED 14 PROJECTS (lntynUTnbw'. 1195811
The team Executive Leadership Team Trustees Ebrahim Esmail Executive Director Leah Gayer Co-Dlrector {Developments and Partnerships) Mhairi Gayer Co-Dlrector Fundralslng and Young person coordlnatorl Patrick Riley Co-Dlrector (Head of facllltatlon) Leila Seguin Co•Dlrector (Operatlons and Flnance) Wendy Solesbury {MBE) Bruce Goodison Tobyjones Mohamed Al-Kaisl Rebecca Machado 11 Compass Associate Artists Massl Safa clor and Asslstant 11 11 Sira l?roeca Wellare Offlcer ( Maternlty Leave) Bo Borthwick Soclal Medla and Marketlng Sasha Harrington Compass Connect Coordlnator Ben Standish Be8lnners Class Teacher cilitator and Acto Volunteers We were joined by team of 34 active volunteers who help to make all of our work possible. Sanam Monteiro Improvers Class Teacher and Next Steps Pathway CoordSnator Andrew Awad Empowered Class Teacher ri . UPASS: 0
Progression route
We aim to support young people from their arrival in the UK through
to living a purposeful integrated life in a new setting. Over the past
years we have developped a progression route for the young people:
The compass Journey
Mext Steps
02
Ytreètrelv5iClfIrn yoFcts
Ywth Leader
oi
05
Compass Conrfct
Arnbassador program
Assoc
Artist
¢¢vn$ cOnn- OnNr* Engllsh dosse& Our hrst F
Our Programmes ONLINE CLASSES Compass Connect Compass Connect is our online English programme. supporting young people from over 25 different locations in the UK. The programme is vital in supporting new arrivals and isolated young people who have yet to build a community. Connect has become the entry level/bedrock of the charity. We are in a unique position to be able to offer immediate support the same week the young person is referred to us. Due to increasingly high demand. we have expanded the programme to add a new 'Empowered' class, alongside our 'Beginners' and 'lmprovers' classes. The Empowered class covers topics such as 'Your rights as a refugee and asylum seekerf and utilises Debating as a creative tool to develop communication skills and build confidence. *? TWW ¥•II qqff f ROFESSIONAL DEVELOPMENT PROGRAMMES Next Steps Next Steps is our award winning 6-month professional development arts programme for young people 18+ and funded by Trust for London. After a successful pilot with The Globe Theatre our first cohort graduated in May 2022. We were awarded the London Youth Partnership Award recognising our outstanding work. The programme culminated in a live theatre performance at Samsung KX in May. 173 people watched the show and we had 274 views on the livestream. We had 11 volunteers on the programme. we hired 7 external facilitators to come in a lead masterclasses, and we made 37 referrals to other opportunities for our young people. We launched our second Next Steps programme in October 2022 with The National Youth Theatre. We have 16 Young People enrolled. The programme combines theatre-based workshops alongside career development and 1..1 pathway support. The sessions allow us to assist the young people to identify and take the 'next Steps, in their lives. In March we will have a graduation performance to culminate the programme. Compass Ambassadors Compass Ambassador pathway for young people who are interested in growing their leadership skills to join the Compass team as Associates. The programme trains young people in facilitation skills. empowering them to give back to their communities through leading their own workshop5 and a5SlSting on projects. We welcomed two new Compass Ambassadors. Frank and Yordanos, graduate5 of our 12 weeks leadership and facilitation training programme. Frank and Yordanos worked on an exciting collaboration with Somerset House, writing and filming a short film 'River Friendg, screened at This Bright Land Festival and exhibited at Somerset House. They got to work with the award winning writer, artist and activist, Carlson Mccoll, creator of This Bright Land. Chèrity wmber" 1195811
Other projects REGIONAL THEATRE PROJECTS Kent ( Napier Barracks)- NHS Project Commissioned by NHS England South East, this applied arts education project was run bY£0rpLLUS in partnership Compass. We led a series of creative sessions at Napier Barracks in Folkestone, Kent, culminating in a theatre performance at the Tower Theatre in Refugee Week in June. The project explored asylum seekers The performance showcased aspects of the learning relating to personal safety, gender equality, accessing health service5 and cultural exchange and understanding. Leeds- Transmissions Hosted at Leeds Playhouse, we worked with young people from the British Red Cross. Hearts Group and welcomed new Young People from My Place Yorkshire. They created an audio piece and a stop motion animation in collaboration with Maiid Adin. It was released during Refugee week 2022 Hillingdon- Footsteps & A taste of Home Footsteps was a 8 day theatre project commissioned by the Hillingdon Council as part if their HAF summer programme, hosted by Brunel University and culminating with a public performance at the Compass Theatre. The project engaged 20 isolated young refugees and asylum seekers in the borough of Hillingdon during the Summer holiday period. We utilized theatre and drama as a tool for building transferable life skills, and improving communication and experience with English language. 1-4 Furthermore. the project connected young people in the area, many of whom had newly arrived, creating a social network and allowing friendships to form. The performance was attended by 45 people. including Dep. Mayor of Hillingdon and Cllr Susam O'Brien and Cllr Shehryar Ahmad-wallana. A Taste of Home was a four days theatre project aimed at providing young refugees and asylum seekers in Hillingdon with engaging activities to prevent isolation during the Christmas holiday period. The skill building workshops explored young peoples relationship to food both in their home counties and in the UK. It also culminated with a performance. 66 99 We are like a family. I liked meeting new people Chèrity wmber" 1195811
OUTREACH PROJECTS Kent- British Red Cross Compass delivered a theatre outreach project in Kent in August. Our Youth Leader, Ramin, joined the team to assist the project, leading games, exercise and was an exemplary role model for the young people. Portsmouth- British Red Cross Compass Collective was commissioned by the BRC to deliver a 4 day theater project in Portsmouth. The young people were given ownership to decide and chose the following themes to explore- Life in a new Place and Friendship. The group was introduced to a variety of theatre and performance elements and participated in skill building games, team building activities, trust exercises, improvisation, devising and writing tasks. This culminated in an impressive performance to the local community titled 'Brothers In A New Place,. PARTNERSHIPS AND INTERNATIONAL PROJECTr Becoming Becoming was one of the bigger projects we did in 2022, and was assisted by one of our compas5 associate artists Ali Ghaderi who went on to run hi5 own workshop ai Nexi Sieps on Acrivism. As parr of the film, we were lucky enough to work with PHD student Maddy Moses to explore Neuroscience and the adolescent brain. This project was in collaboration with Em MaHome This was an Internatlonal project facilitated by filmmakers Victor Roi5 and Jay Jones which gave the young people an exciting opportunity throughout the Easter Holidays. The project directly addressed migration and integration challenges by examining how migrants make sense of home amidst the complex and divergent politics of integration in three h05t societies: UK, Denmark and Sweden. In one week we made 6 short films. We had 3 facilitators, 16 participants. A documentary and exhibition of MaHoMe will be available in 2023. This was hosted at the Royal Academy of Dramatic Arts. Right to know Film Project Commissioned by NHS. 11 Compass young acted in a short film titled 'Right To Know with refugee film-maker Victor Rios. The film gives practical advice to asylum seekers newly arrived in the UK, including how to access medical help, emergency support and tips for cultural integration. This film is a useful recourse, with translations in different languages and will provide vital information in an accessible way. Remedy - Music video This project was a collaboration with Counterpoints Arts and Mus Action rn LLLaLL& During refugee week a group of young people wrote and produced two songs in jLJSt a week based on the theme of this year was ' Healing. They recorded the song at the prestigious Promised Land Studiol Our a550ciate, refugee film-maker Victor Rios, made brilliant two music videos for the songs. Chèrity wmber" 1195811
SPORTS DAYS AND TRIPS Compass led 4 sports days over the Summer Holidays. Trips Macbeth Globe theatre We took young people to the Olympic stadium for a sports days with GMAX. Mohand and Peter Southwark Playhouse We enjoyed a day of football. Kung Fu (led by Yasin Moradil and photography {led by Federico Rivas) in Hyde Park Our Generation National Theatre Next Steps Samsung KX Curfew'Dabke' Bloomsubry Theatre The P. Word Bush theatre Wicked Apollo Victoria For Refugee Week we organised a 5k11 Olhalf marathon run with young people and volunteers and we cycled 96 km from our offices in Brixton to Brighton, in collaboration with Breadwinners. We were a group of 27 riders including young people, volunteers and the core Compass team, cycling to bring more opportunities to young refugees Comedy Show Soho Theatre The Boy With Two Hearts National Theatre Mandela Youngvic ATVLATIOMS The Swimmers Southbank Centre We took people to fun ice-skating trip at the Somerset House Christmas Carol Bridge Theatre Chèrity wmber" 1195811
Young people The young people we engaged with are bright, inspirational and creative young people seeking asylum or with refugee status . They are between 15 and 28 years old. 2296 are female. They come from Sudan, Afghanistan, Kurdistan. Iran. Eritrea, Somalia. Angola, Azerbaijan, Cameroun, Congo, Chad, Ethiopia, Guinea, Iraq, Ivory Coast. Morocco. Salvador. Syria, Uganda, Vietnam. Who are the young people ? Where do they Ilve? Reglon 175 male5 Greater LonL1on 49 females South East 2 non-binary FeMe Wesi Midlan45 yo$hIre arKI the Humber Oiher NofvBlnary ITr) 150 Where are they from ? Referrals Afghan • Erttr • B*M Theatse ¢ompèny Beiiei GsTh ciitje • Kwélsh • Ctywwy Nurskw Courye loi Humafi Need Immethate eatre J And more We supported 87 young people through 1.1 casework Welcome 166 new young people We distributed 161 emergency provisions { data top up, laptops, phones} and 114 reward5 orking WiTth Compa Collettive wos ofantostic experience. They hove an InfectiTOUS energy ond pa55ionfor what they do. that ripple5 through the group5 they work with 50 that everyonefee15 confident to stand on stoge and tell tbeirstory.- h Red Cross. Portsmouth
Our Finances Income sincejanuary 2022 No Trustees were remunerated or received any expenses or payments during the year. Our charity insurance provides Trustee Indemnity cover against executive risks of 10 million. At year end 2022 { March), we had a turnover of £96322. Our reserves at year end 2022 were £13,946.08 of which £6,658.20 were unrestricted. Due to the timing of grants received and projects delivered this surplus has been carried forward into 2023. Funding We are now being represented by During the course of the year we applied to 36 grants. The Fore, UK YOUTH and Trust For London carried through to 2022. We continued to diversify our income streams by implementing a regular donor scheme, setting up our ticketed event as well welcoming a corporate fundraising volunteer. Income We received a total 19 grants. We delivered 8 one•off services to other organisations I projects We received 7 emergency grants for young people in need We secured two regular donors and received 8 one-off donations We organized a ticketed event for our Next Steps show We ran 2 online campaigns towards Compass Connect. u to our supporters who made our work possible in 2022: London Youth Music Action International Hilden Charitable fund Trust for London UK Youth The Lush Foundation The National Lottery The Fore The British Red Cross Magic Little Grants Coop Foundation Counterpoint Arts Hillingdon Council Kingston University Esmee Foundation Royal Victoria Hall Emergency Party Somerset House Thank you to our partners: THEATRL snMSUNG KX SQUINT GAIL'S RADA Brun Unikprnty lrY) na onol 503 cojean Charity Nmber." 1195811
66 What do people say about LEEDS Compass Collective pass Collective- an organi5atlDn that 15 not only 3ble to harne55 the 5ki115, enthusiasm and expertise of rnultiple stakeholders and artists, but who are also able to safeguard, support. inspire and enrich the lives of these young people. It has been both ajoy and a privilege to be a part of this process, and to see the positive effects of creative self- expression in all in Ived. S.J, Partner l am so proud 10 be workn'ng wilh you all" YP °Th was magic" ongratuiations everyone for such amazing animation Really brilliant. Aud. nce NEXT STEPS KENT There is Tho one word to desc brlngs the young generatlon togeiher. Be in a p051tive environfflent Everyone is working hard to achieve their goals and achieve their best. l affl learning from each session YP .1 feel motivate an uplifted by the Compass sessions. -Yp -Thank ytsu and your Colleagues fora fantasti ork5hop! 11 W45 reallygreat tQ Sep SD tnuch enthu5ia5m notlU5tfrotn your team but the students a5 well. Keep the good workl A gold star from Mltk•ntC•il¥¢ I¢r "I'm ieally enjoyingnexl S¢èPS I Slart to Speak everyonein Compa55.1 have madelois of neWfrns.y0y live wirhout ¢ommunity If you want ro progress In life lisreally importani io ha¥e#¢om aroundyou. PORTSMOUTH CONNECT Iiu#w4n¢8d ¢Oiankyauforto perf¢rmJnu I genuinelythought il wonoerful.vety movingyet also vety funny. ILwasanundeDiable p(iviieieLO ytn•kStcftd lQ5ull of tho wiloimanc• wasa Joy Partmr. Ports hank you for sUPPOrting rne and other people as well, I have learnt much better English with you and enjoyéd trips that you made since I joined with you.Thank so much" YP do for thorn. Foit•r Gar•r "The class assupported me in many aysmentallyand emotionally and phy51cally I found myself every Thutsday wrth a¢ompass ¢i•ss.$0 my Enllish IS gonna up I feel more confident when nowwith my English.'YP wo1k*JitfiComp4 Colloctlve. C. Is from Columbla. He hAS b••n IMngknth• UKfo and b rtll undergolng the asylum seeking process. This means he is unable to work and is living on just £37 per week to cover food. tolletrles. travel. phone blll etc. He enjoys sport for hls mental health. He loves Ilvlng In Leeds and says"In my opinion it is one of the best cities in the country because it is where I met people who changed my Ilfe" C. was Involved In both phases of the project and never mlssed a sesslon. He was asked to host the Animation launch and the launch of the Stop motion videos. C. is a great example of a young person who would Ilke to embark on our Ambassadors Programme. The Ambassadors Programme trains young people in facilitation and leadership skills. enabling Ambassadors to glve back to thelr communitles by asslstlng and leadlng on projects. "It is an honour for me to join any projects with all of you. l am so proud and l am waiting for a new project and new things. Lets do more and more and more and more- Chèrity wmber" 1195811
We are looking forward to 2023 We are becoming a reliable and recognisable organization in the youth and arts sectors. with young people being referred to us on a weekly basis. We are receiving regular requests for partnerships from charities and arts organisations, putting us in a strong position to continue to offer a variety of projects for our young people as we move into the future. Upcoming projectsl events February- Wlse Chlldren Takeover soclal medla. Connect sesslon and Next 5tep5 se551on February- Red Cross Mlgratlon Strategy Workshop Sunday 19th March- Next Steps performance. 'Nowadays' March- Clownlng workshop Feb-April - Compass Ambassadors Programme Easter Holiday Hillin8don Easter Project- June Jack Petchey Awards and residential trips Apr- Oct - Curve training for the team Summer- Right Here Project October onwards- Next Steps 3 All year- Theatre and Opera Trlps I Connect rt info We all4ddress i Ivj ur - hello@compasscollect.com A Charity rrthr.. 119581
COMPASS COLLECTIVE ICh8ril8ble Irt(w)ratÈd Oryani5ationl TRUSTEES. REPORT (Continued) FOR THEYEAR ENDED 31ST MARCH 2023 Tru&tè•' Rgspon$lblllfl¢s The CharitK8s Atl 2011 reqiures thè trtLStees lo stslewts freach fanC41 year a Itue fair ofthe slate ofaffairA of Ihe CIO arKJ of th8 CIO fN thai In prep2rivJ thDse fina1 statements the Irusle88 ar8 rffjuireé lo.. . stI Suitab Bccounllro •rKI asten . Mak8judgemw#s and oslimalAs are reat4P arml pnxknt . Prepare financial ststemeN8 on the #¥d b9 it ty lo prawjmts that thè CIO wdl cmlinue exlsi6ncè. Th8 IruBl66ts èr8 rebtrfThit lor aCC(A totKI ic4AYacy Bt bry t& the fin811 po$llh)n of Ihe CIO. They aTe akn responyt4e f(rf 8af8gurLlng IhB a5$815 of CK) for ta r9880nable stQPs fL¥ the praventbn aTrJ ¢Jeleci• offfra andoih0rwts. Jli123 ApFw48d ty the Tr¢Ai8a& C+l.............................................................................................................................. Slgngd Imlr ts0 bYTr1o8.................. ..............................................................,..,........,.... ...................... Prlnted Naw'. 17
COMPASS COLLECTIVE
(Charitable Incorporated Organisation)
STATEMENT OF FINANCIAL ACTIVITIES FOR THE YEAR ENDED 31ST MARCH 2023
| Notes INCOMING RESOURCES Incoming Resources from Generated Funds Donations, Grants & Legacies 3a Charitable Activities 3b Activities for Generating Funds 3c Investment Income 3d Other Incoming Resources 3e TOTAL INCOMING RESOURCES RESOURCES EXPENDED Costs of Generating Funds Cost of Charitable Activities 4a Governance Costs 4b TOTAL RESOURCES EXPENDED NET INCOMING (OUTGOING) RESOURCES Funds Brought Forward Transfer of Funds 18 TOTAL FUNDS CARRIED FORWARD |
Unrestricted Designated Restricted TOTAL TOTAL Funds Funds Funds 2022/23 2021/22 £ £ £ £ £ 4,463 106,207 81,658 192,327 44,807 182 8,413 406 9,001 3,649 1,735 - 1,230 2,965 - - - - - - 685 365 - 1,050 1,142 7,064 114,985 83,294 205,343 49,598 (890) 100,170 62,927 162,206 63,933 900 225 - 1,125 750 10 100,395 62,927 163,331 64,683 7,054 14,591 20,367 42,012 (15,085) 14,359 - - 14,359 - - - - - 29,443 21,413 14,591 20,367 56,371 14,359 |
|---|---|
Movements on all reserves and all recognised gains and losses are shown above. All of the organisation's operations are classed as continuing.
The notes on pages 20 to 28 form part of these financial statements.
18
COMPASS COLLECTIVE
ICh8riWe Irwtwrated Organ4s81ionl
BALANCE SNEEr
AS AT 31ST MARCH 2023
Totsl
31.Mar.22
Noi•
FUTh
Fur
31-Mar.23
Fix?d Assets
T&n¥ble A88ets
IiweslfflentB
Tol81 Flxod A56•11
Currant l•t
Debtors & PrèpayrnÉt)t$
Caoh 01 Bank and in Hgr
Ttstll Curmnl Assotl
126
68.297
58,423
37,930
38,OS6
20.367
20.367
18,796
18.796
Crodltofl: ArThwnlB faTh9 whhlnth ye•r
10
4.488
NET CURRENT ASSETS
20,367
56,371
14,359
TOTALASSETS $$ ¢uTh•nl
20.367
$6,371
14,3Sg
CY8d51oY6.' Au10 fallty mcrt Uwn
on& ar
11
NET A8SET8
b6J71
14.369
Fyndjof thè Ch•rlly
General Fund5
DJ¥ignèied Fund•
R¢slrttiéd Fund&
21.413
14.591
21,413
14.5Q1
20,367
14,359
20J67
Tolal Fundi
36.004
20.367
56.371
14,359
'Iy.i•IIoLry
Apw
COMPASS COLLECTIVE
(Charitable Incorporated Organisation)
NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31ST MARCH 2023
1. ACCOUNTING POLICIES
Basis of Preparation & Assessment of Going Concern
Basis of Preparation
The financial statements have been prepared under the historical cost convention with items recognised at cost or transaction value unless otherwise stated in the relevant notes. 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 the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS102) (effective 1 January 2015) - (Charities SORP - FRS102) and the Charities Act 2011.
The Charity meets the definition of a public benefit entity under FRS102. Assets and liabilities are initially recognised at historical cost unless otherwise stated in the relevant accounting policy notes.
Assessment of Going Concern
Preparation of the accounts is on a going concern basis. The trustees consider that there are no material uncertainties about the Charity’s ability to continue as a going concern.
Incoming Resources
Recognition of Incoming Resources
These are included in the Statement of Financial Activities (SOFA) when:
▪ the charity becomes entitled to the resources;
▪ the trustees are virtually certain they will receive the resources; and
▪ the monetary value can be measured with sufficient reliability
Incoming Resources with Related Expenditure
Where incoming resources have related expenditure (as with fundraising or contract income) the incoming resource and related expenditure are reported gross in the SOFA.
Grants and Donations
Grants and Donations are only included in the SOFA when the charity has unconditional entitlement to the resources.
Tax Reclaims on Donations and Gifts
Incoming resources from tax reclaims are included in the SOFA at the same time as the gift to which they relate.
Contractual Income and Performance Related Grants
This is only included in the SOFA once the related goods or services have been delivered.
Gifts in Kind
Gifts in kind are accounted for at a reasonable estimate of their value to the charity or the amount actually realised. Gifts in kind for sale or distribution are included in the accounts as gifts only when sold or distributed by the charity. Gifts in kind for use by the charity are included in the SOFA as incoming resources when receivable.
Donated Services and Facilities
These are only included in incoming resources (with an equivalent amount in resources expended) where the benefit to the charity is reasonably quantifiable, measurable and material. The value placed on these resources is the estimated value to the charity of the service or facility received.
Volunteer Help
The value of any voluntary help received is not included in the accounts.
Investment Income
This is included in the accounts when receivable.
Investment Gains and Losses
This included any gain or loss on the sale of investments and any gain or loss resulting from revaluing investments to market value at the end of the year.
20
COMPASS COLLECTIVE
(Charitable Incorporated Organisation)
NOTES TO THE FINANCIAL STATEMENTS (continued) FOR THE YEAR ENDED 31ST MARCH 2023
1. ACCOUNTING POLICIES (continued)
Expenditure and Liabilities
Liability Recognition
Liabilities are recognised as soon as there is a legal or constructive obligation committing the charity to pay out resources.
Governance Costs
Include costs of the preparation and examination of statutory accounts, the costs of the trustees meetings and cost of any legal advice to trustees on governance or constitutional matters.
Grants with Performance Conditions
Where the charity gives a grant with conditions for its payment being a specific level of service or output to be provided, such grants are only recognised in the SOFA once the recipient of the grant has provided the specified service or output.
Grants Payable without Performance Conditions
These are only recognised in the accounts when a commitment has been made and there are no conditions to be met relating to a grant which remain in control of the charity.
Investments
Investments quoted on a recognised stock exchange are valued at market value at the year end. Other investment assets are included at trustees' best estimate of market value.
Unrestricted funds
These funds can be used for the general objectives of the charity as set out in the trustees report. The movements of the unrestricted funds are given in the Statement of Financial Activities.
Restricted funds
These funds are where the donor has specified a purpose for the donation made. These restrictions often arise as a result of appeals for special offerings for specific purposes.
Designated funds
These funds are funds set aside by the trustees out of unrestricted general funds for particular purposes or projects.
Fixed Assets
Fixed Assets are capitalised if they can be used for more than one year and cost at least £1,500. They are valued at cost or, if gifted, at the value to the charity on receipt.
Depreciation Expense
Depreciation is calculated at a rate to write off the cost of tangible fixed assets over their estimated useful lives. The rates applied are as follows:
Fixtures, Fittings and Equipment
25% - Straight Line Basis
2. TANGIBLE FIXED ASSETS
The CIO held no fixed assets during this or the previous financial period.
The annual commitments under non-cancelling operating leases and capital commitments are as follows: 31st March 2023: None 31st March 2022: None
21
COMPASS COLLECTIVE
(Charitable Incorporated Organisation)
NOTES TO THE FINANCIAL STATEMENTS (continued) FOR THE YEAR ENDED 31ST MARCH 2023
3. INCOMING RESOURCES
| a) Donations, Grants & Legacies Gifts & Donations Grants Received b) Charitable Activities Campaigns & Projects Services c) Activities for Generating Funds Ticket Sales d) Investment Income Interest e) Other Incoming Resources Sundry Income |
Unrestricted Designated Restricted TOTAL TOTAL Funds Funds Funds 2022/23 2021/22 £ £ £ £ £ 4,463 6,269 - 10,732 4,181 - 99,938 81,658 181,596 40,627 4,463 106,207 81,658 192,327 44,807 - 5,191 381 5,572 2,190 182 3,222 25 3,429 1,460 182 8,413 406 9,001 3,649 1,735 - 1,230 2,965 - 1,735 - 1,230 2,965 - - - - - - - - - - - 685 365 - 1,050 1,142 685 365 - 1,050 1,142 |
|---|---|
22
COMPASS COLLECTIVE
(Charitable Incorporated Organisation)
NOTES TO THE FINANCIAL STATEMENTS (continued) FOR THE YEAR ENDED 31ST MARCH 2023
4. RESOURCES EXPENDED
| a) Cost of Charitable Activities Accommodation Costs Activities & Events Advertising & Publicity Fundraising Costs Insurance Costs Licenses & Subscriptions Office Costs Project Costs Rent & Rates Staff Costs Sundry Expenses Telephone Costs Training Costs Travel & Subsistence Young Ambassadors b) Governance Costs Independent Examiners Fees 10 Legal & Professional Fees |
Unrestricted Designated Restricted TOTAL TOTAL Funds Funds Funds 2022/23 2021/22 £ £ £ £ £ - 212 - 212 248 - 320 426 746 331 - 400 400 800 - 176 4,300 108 4,584 4,500 - 96 - 96 157 378 414 - 792 987 (244) 328 797 881 89 5 1,501 - 1,506 523 150 - - 150 - (1,793) 80,521 50,958 129,686 48,130 - 120 - 120 225 30 488 65 582 298 100 - - 100 - 259 10,335 10,173 20,766 8,374 50 1,135 - 1,185 70 (890) 100,170 62,927 162,206 63,933 900 - - 900 750 - 225 - 225 - 900 225 - 1,125 750 |
|---|---|
23
COMPASS COLLECTIVE
(Charitable Incorporated Organisation)
NOTES TO THE FINANCIAL STATEMENTS (continued) FOR THE YEAR ENDED 31ST MARCH 2023
5. RESTRICTED FUNDS
| Awards For All Coop 23 Fund Fund For Human Need Leeds x NYT Lush Fund Red Cross Strategy Trust for London Arts Awards Fund Calling Across Borders COOP Fund Creative without borders Dalston Den Fund Eko Magazine Fund Good Chance/ London Youth - The Walk London Youth - Summer City leaders Mental Health Fund REUK Fund Split Initiative - Leeds Swan Mountain- Leeds Trust For London 21/22 |
Balance Balance 01-Apr-22 Income Expenditure Transfers 31-Mar-23 £ £ £ £ £ - 10,000 7,211 - 2,789 - 30,440 - - 30,440 - 1,180 1,060 - 120 - 126 120 - 6 - - 893 - (893) - - 1,034 - (1,034) - 11,000 19,560 - (8,560) - - 581 - (581) - - 3 - (3) - 20,718 20,711 - 6 - - 14 - (14) - 50 50 - - - 25 25 - - - - 14 - (14) - 2,000 1,999 - 1 - 255 150 - 105 - - 100 - (100) - - 4 - (4) - - 1 - (1) - 7,500 9,397 - (1,897) - 83,294 62,927 - 20,367 |
|---|---|
The Restricted Funds are wholly represented by the charity's cash reserves and are to be expended as specified above.
24
COMPASS COLLECTIVE
(Charitable Incorporated Organisation)
NOTES TO THE FINANCIAL STATEMENTS (continued) FOR THE YEAR ENDED 31ST MARCH 2023
6. DESIGNATED FUNDS
| Clowning Workshop Counterpoints Arts Esmée Fund Getting Active - LY GFM - Connect Fund Hillingdon -Taste of Home Hillingdon Council Lush Fund LY - Summer 22 Fund LY/Emergency Party Fund Magic Little Grant MAHome Project MAI Fund NHS ( Napiers Barracks) One Off Donation Royal Victoria Hall Foundation UK Youth Fund British Red Cross Chicken Shed Fund Fore Fund Hilden Fund Kent College Fund Legacy Fund Somerset House Fund UK Youth |
Balance Balance 01-Apr-22 Income Expenditure Transfers 31-Mar-23 £ £ £ £ £ - 764 832 - (68) - 2,927 2,084 - 842 - 36,000 19,447 - 16,553 - 1,000 308 - 692 - 5,269 5,921 - (652) - - 5,155 - (5,155) - 16,451 12,876 - 3,575 - 1,300 280 - 1,020 - 1,700 1,692 - 8 - 5,500 3,465 - 2,035 - 500 90 - 410 - 6,054 9,107 - (3,053) - 2,500 2,192 - 308 - 14,433 13,725 - 708 - 1,000 1,638 - (638) - 2,000 944 - 1,056 - 5,365 2,005 - 3,361 - 2,315 5,596 - (3,281) - 420 406 - 14 - - 4,428 - (4,428) - 7,000 4,779 - 2,221 - 487 487 - - - 500 327 - 173 - 1,500 1,100 - 400 - - 1,509 - (1,509) - 114,985 100,395 - 14,591 |
|---|---|
The Designated Funds are wholly represented by the charity's cash reserves and are to be expended as specified above.
25
COMPASS COLLECTIVE
(Charitable Incorporated Organisation)
NOTES TO THE FINANCIAL STATEMENTS (continued) FOR THE YEAR ENDED 31ST MARCH 2023
7. INVESTMENTS
The CIO held no fixed assets investments during this or the previous financial period.
8. CASH AT BANK AND IN HAND
| Cash at Bank & in Hand 9. DEBTORS AND PREPAYMENTS Sundry Debtors |
Unrestricted Restricted Total Total Fund Fund 31-Mar-23 31-Mar-22 £ £ £ £ 37,930 20,367 58,297 18,796 37,930 20,367 58,297 18,796 Unrestricted Restricted Total Total Fund Fund 31-Mar-23 31-Mar-22 £ £ £ £ 126 - 126 - 126 - 126 - |
|---|---|
10. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
| Independent Examiners Fees Sundry Creditors |
Unrestricted Restricted Total Total Fund Fund 31-Mar-23 31-Mar-22 £ £ £ £ 900 - 900 750 1,152 - 1,152 3,688 2,052 - 2,052 4,438 |
|---|---|
11. CREDITORS: AMOUNTS FALLING DUE IN MORE THAN ONE YEAR
The CIO held no long term liabilities during this or the previous financial period.
12. NET ASSETS BETWEEN FUNDS
| Fixed Asset Investments Net Current Assets Long Term Liabilities |
Unrestricted Restricted Total Total Funds Funds 31-Mar-23 31-Mar-22 £ £ £ £ - - - - 36,004 20,367 56,371 14,359 - - - - 36,004 20,367 56,371 14,359 |
|---|---|
26
COMPASS COLLECTIVE
(Charitable Incorporated Organisation)
NOTES TO THE FINANCIAL STATEMENTS (continued) FOR THE YEAR ENDED 31ST MARCH 2023
13. STAFF COSTS AND NUMBERS
| TOTAL 2022/23 £ Gross Wages, Salaries & Fees 129,686 Employer's National Insurance Costs - Pension Contributions - 129,686 Consultants who were engaged in each of the following activities: TOTAL 2022/23 Activities in furtherance of organisation's objects 6 |
TOTAL 2021/22 £ 48,130 - - 48,130 TOTAL 2021/22 6 |
|---|---|
The Charity employs staff on a self-employed basis and is therefore not subject to taxation or National Insurance Costs.
14. TRUSTEES AND OTHER RELATED PARTIES
No payments were made to trustees or any persons connected with them during this financial period. No material transaction took place between the organisation and a trustee or any person connected with them.
15. RISK ASSESSMENT
The Trustees actively review the major risks which the charity faces on a regular basis and believe that maintaining the free reserves stated, combined with the annual review of the controls over key financial systems carried out on an annual basis will provide sufficient resources in the event of adverse conditions. The Trustees have also examined other operational and business risks which they face and confirm that they have established systems to mitigate the significant risks.
16. RESERVES POLICY
The Trustees have considered the level of reserves they wish to retain, appropriate to the CIO's needs. This is based on the CIO's size and the level of financial commitments held. The Trustees aim to ensure the CIO will be able to continue to fulfil its charitable objectives even if there is a temporary shortfall in income or unexpected expenditure. The Trustees will endeavour not to set aside funds unnecessarily.
17. PUBLIC BENEFIT
The CIO acknowledges its requirement to demonstrate clearly that it must have charitable purposes or ‘aims’ that are for the public benefit. Details of how the CIO has achieved this are provided in the Trustees report. The Trustees confirm that they have paid due regard to the Charity Commission guidance on public benefit before deciding what activities the CIO should undertake.
27
COMPASS COLLECTIVE
(Charitable Incorporated Organisation)
NOTES TO THE FINANCIAL STATEMENTS (continued) FOR THE YEAR ENDED 31ST MARCH 2023
18. TRANSFER OF ASSETS AND LIABILITIES TO CHARITABLE INCORPORATED ORGANISATION
During the financial period the Directors of Compass Collective CIC (Registered Company No. 12213793) sought guidance and advice and have agreed to register the new Charitable Incorporated Organisation, Compass Collective (Registered CIO Number 1195811). All Assets and liabilities were transferred to Compass Collective (Registered CIO Number 1195811) on the 14th September 2021. The following assets and liabilities represent the CIO's operations prior to registering the Charitable Incorporated Organisation with the Charity Commission and the assets and liabilities as at the 14th September 2021 are as follows:
| Fixed Assets Tangible Assets Current Assets Debtors & Prepayments Cash at Bank and in Hand Total Current Assets NET CURRENT ASSETS TOTAL ASSETSless current liabilities NET ASSETS Funds of the Charity General Funds Restricted Funds Total Funds Transferred Creditors:Amounts falling due within one year |
Unrestricted Restricted Total Funds Funds 14-Sep-21 £ £ £ - - - 320 - 320 29,873 - 29,873 30,193 - 30,193 750 - 750 29,443 - 29,443 29,443 - 29,443 29,443 - 29,443 29,443 - 29,443 - - - 29,443 - 29,443 |
|---|---|
28
COMPASS COLLECTIVE
(Charitable Incorporated Organisation)
INDEPENDENT EXAMINER’S REPORT ON THE ACCOUNTS
Report to the trustees/ members of Compass Collective on the accounts for the year ended 31st March 2023 set out on pages 18 to 28.
Respective responsibilities of trustees and examiner
The charity's trustees are responsible for the preparation of the accounts. The charity’s trustees consider that an audit is not required for this year under section 144 of the Charities Act 2011 (the Charities Act) and that an independent examination is needed.
It is my responsibility to:
-
examine the accounts under section 145 of the Charities Act,
-
follow the procedures laid down in the general Directions given by the Charity Commission (under section 145(5)(b) of the Charities Act, and
-
state whether particular matters have come to my attention
Basis of independent examiner’s statement
My examination was carried out in accordance with general Directions given by the Charity Commission. An examination includes a review of the accounting records kept by the charity and a comparison of the accounts presented with those records. It also includes consideration of any unusual items or disclosures in the accounts, and seeking explanations from the trustees concerning any such matters. The procedures undertaken do not provide all the evidence that would be required in an audit, and consequently no opinion is given as to whether the accounts present a ‘true and fair’ view and the report is limited to those matters set out in the statement below.
Independent examiner's statement
In connection with my examination, no matter has come to my attention:
-
which gives me reasonable cause to believe that in any material respect, the requirements:
-
to keep accounting records in accordance with section 130 of the Charities Act; and
-
to prepare accounts which accord with the accounting records and comply with the accounting requirements of the Charities Act
have not been met; or
- to which, in my opinion, attention should be drawn in order to enable a proper understanding of the accounts to be reached.
K. Collaku MAAT Castle View Accounting Ltd New Barn Mudberry Lane Bosham Chichester West Sussex PO18 8TS
Date: 26th July 2023
29