# **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 (l￿ntynUTnbw'. 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 Ytreètrelv￿5iClfIrn yoFcts Ywth Leader oi 05 Compass Conrfct Arnbassador program Assoc Artist ¢¢vn￿$ cOnn￿- OnNr* Engllsh dosse& Our hrst Fnpos> Associ0¢• ortist - Or£e o y￿r4 Person completes thew r Compa$5 j(￿rne￿ they eon becom• ort ossodote artist and get Involved 05 Staff on wr progroms wch os Next Steps or Charity nutnber.. 1195811 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£0￿￿rp￿LLUS 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 FeM￿e 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 l￿￿rY) 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 neWfr￿n￿s.y0y live wirhout* ¢ommunity If you want ro progress In life lisreally importani io ha¥e#¢om aroundyou. PORTSMOUTH CONNECT Iiu#w4n¢8d ¢Oi*ankyauforto perf¢rmJnu I genuinelythought il wonoerful.vety movingyet also vety funny. ILwasanundeDiable p(iviieieLO ytn•kSt￿cftd 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 fr*each f￿anC41 year a Itue fair ofthe slate ofaffairA of Ihe CIO arKJ of th8 CIO fN thai In prep2rivJ thDse fina￿1￿ statements the Irusle88 ar8 rffjuireé lo.. . s￿￿tI Suitab￿ Bccounllro •rKI a￿sten￿ . Mak8judgemw#s and oslimalAs are rea￿￿￿t4P 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￿￿ tot*KI￿ ic4AYacy Bt bry t& the fin8￿1￿1 po$llh)n of Ihe CIO. They aTe akn responyt4e f(rf 8af8gu*rLlng IhB a5$815 of CK) for ta￿ r9880nable stQPs fL¥ the praventbn aTrJ ¢Jeleci*• offfra￿ andoih0rw￿￿t￿s. Jli123 ApFw48d ty the Tr¢Ai8a& C+l.............................................................................................................................. Slgngd Imlr ts0￿￿ bYTr￿1o8.................. ..............................................................,..,........,.... ...................... 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 fa￿Th9￿ 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.' A￿u￿10 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￿￿¥ fvIIt 19 ## **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 ASSETS**less 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: 1. 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 2. 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