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2022-03-31-accounts

Registered number: 02054594 Charity number: 518048

COMPASS - SERVICES TO IMPROVE HEALTH AND WELLBEING

(A company limited by guarantee)

DIRECTORS' REPORT AND FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2022

COMPASS - SERVICES TO IMPROVE HEALTH AND WELLBEING

(A company limited by guarantee)

CONTENTS

Page
Reference and administrative details of the company, its Directors and advisers 1
Message from the Chief Executive 2 - 3
Directors' report 4 - 13
Directors' responsibilities statement 14
Independent auditor's report on the financial statements 15 - 18
Statement of financial activities 19
Balance sheet 20
Statement of cash flows 21
Notes to the financial statements 22 - 36

COMPASS - SERVICES TO IMPROVE HEALTH AND WELLBEING

(A company limited by guarantee)

REFERENCE AND ADMINISTRATIVE DETAILS OF THE COMPANY, ITS DIRECTORS AND ADVISERS FOR THE YEAR ENDED 31 MARCH 2022

Directors C E Wesley,Non Executive Director and Chair
R V Bundock,Chief Executive
S Kingsnorth,Non Executive Director
C L Pendle,Non Executive Director
D Webster,Non Executive Director and Vice Chair
P Webster,Non Executive Director(resigned 12 May2022)
C Wood,Non Executive Director
M E Roberts,Executive Director of Finance
Company registered
number
02054594
Charity registered number
518048
Registered office
Studio 1, Ground Floor, Marlborough House
Westminster Place
York Business Park
York
North Yorkshire
YO26 6RW
Company secretary
M E Roberts
Chief Executive
R V Bundock
Independent auditor
BHP LLP
Chartered Accountants
Rievaulx House
1 St Mary's Court
Blossom Street
York
YO24 1AH
Bankers
The Royal Bank of Scotland

Page 1

COMPASS - SERVICES TO IMPROVE HEALTH AND WELLBEING (A company limited by guarantee)

MESSAGE FROM THE CHIEF EXECUTIVE FOR THE YEAR ENDED 31 MARCH 2022

As a result of the pandemic, we have become much better at providing accessible services. All our services now incorporate both a face to face and virtual offer alongside one-to-one and group-based interventions. Our offer is now richer for children, young people, parents and carers and communities. Communications and digital work, using videos, podcasts, and social media campaigns, are helping us reach more Children and Young People (CYP) at risk of developing health inequalities. Services are becoming much more agile and responsive with children and young people having far greater choice as to what type of support they want to receive and how and where they want to receive it.

Recognising the breadth of the services we now deliver to differing populations, we have developed some common principles that underpin all that we do in Compass. These celebrate our diversity and create a stronger sense of belonging and inclusion, drawing from people’s lived experiences. These principles are values-driven and centre on those allimportant human interactions that ultimately make a difference to the quality of the individualised support and care people receive. They also help to improve health inequalities by ensuring our services are accessible to all.

We have seen continued development of early intervention and prevention services to improve the mental health and emotional wellbeing of children and young people, with the implementation of four new mental health supports teams (in education) in West and Central Lancashire. We also became an approved training provider to deliver the Department for Education’s senior mental health leaders’ grant funded programme to implement whole school approaches. Our programme built on learning from Compass BUZZ – our school mental health project which concluded its 4-year programme working collaboratively with nearly 400 schools and colleges to introduce and develop their own whole school approach to mental health.

We successfully retained the contracts to deliver vital services in North Yorkshire and Harrow, which is a testament to both teams for their sustained achievements.

As pleasing as these larger gains are, it is also important to celebrate those smaller projects that have made a significant impact to the lives of children and young people including securing additional funding to develop new initiatives in response to stakeholder feedback and identified gaps in provision.

Compass has:

Page 2

COMPASS - SERVICES TO IMPROVE HEALTH AND WELLBEING

(A company limited by guarantee)

MESSAGE FROM THE CHIEF EXECUTIVE (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2022

At the heart of Compass is its people. What unites us is the importance we place on adopting a values-based approach that centres on how we do things as well as what we do. This approach has been central to our achievements. I am incredibly proud to lead such a special organisation which tirelessly strives to continuously improve, and which works openly with its stakeholders to improve the lived experiences of children, young people and families wanting early help when they need it.

None of our past achievements and future goals have been or will be possible without our dedicated workforce and the incredible support of our young people, families, volunteers, commissioners, and Non Executive Directors. Their support, challenge, and willingness to share ideas which are informed by their lived experiences drives us to be better at what we do.

Rachel Bundock

Chief Executive Officer

Page 3

COMPASS - SERVICES TO IMPROVE HEALTH AND WELLBEING (A company limited by guarantee)

DIRECTORS' REPORT FOR THE YEAR ENDED 31 MARCH 2022

The Directors present their annual report together with the audited financial statements of Compass – Services to improve health and wellbeing (the Company), for the year ended 31 March 2022.

The Annual report serves the purposes of both a Trustees' report and a Directors' report under company law. The Directors confirm that the Annual report and financial statements of the charitable company comply with the current statutory requirements, the requirements of the charitable company's governing document and the provisions of the Statement of Recommended Practice (SORP) applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS102) published in October 2019.

Objectives and activities

a. Policies and objectives

The Company was established in 1986, for the public benefit, and had the following objectives during the year to March 2022:

To better serve its beneficiaries the Company amended its objectives by special resolution at a meeting of members held on the 12th May 2022 to:

To promote the health and well-being of children, young people, families and adults with particular focus on disadvantaged groups and those at risk of developing unhealthy lifestyles and risk taking behaviours by:

The Directors review the performance, aims and objectives of the Company every year. In carrying out the review, the Directors refer to the Charity Commission's guidance on public benefit to ensure that all activities meet that guidance.

Page 4

COMPASS - SERVICES TO IMPROVE HEALTH AND WELLBEING

(A company limited by guarantee)

DIRECTORS' REPORT (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2022

Objectives and activities (continued)

b. Activities for achieving objectives

Compass’ activities span universal, targeted and specialist provision of public health and wellbeing related services to support children, young people, parents/carers, families, professionals, and local communities. Our core areas of activity are mental health, emotional health, and wellbeing; public health nursing and weight management; risky behaviours and substance misuse. They include delivering whole school approaches, education prevention, early help, structured treatment, and aftercare.

Underpinning these services is a thematic, tiered training and consultation programme for different stakeholders to upskill and coach them to identify children and young people with additional health and wellbeing needs early and put in place strategies to support them including making appropriate referrals. Compass has extended its public health expertise and knowledge to support employers and businesses within local communities and particular professional groups who are at greater risk of health inequalities to embed mentally healthy cultures within the workplace. Compass has increased its geographical spread with services based in Yorkshire, Lincolnshire, the Midlands, Lancashire, and London; and supports school aged children and their families from the age of four years up to 25 years for young people with special educational needs and disabilities (SEND).

Strategic report

Achievements and performance

a. Strategy

Compass recognised that in an ever changing environment where the speed of change is accelerating, a detailed four year strategy was neither desirable nor effective. In its place the Directors have agreed long term goals with detailed objectives to support their achievement.

Long Terms Goals

Page 5

COMPASS - SERVICES TO IMPROVE HEALTH AND WELLBEING (A company limited by guarantee)

DIRECTORS' REPORT (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2022

Strategic report (continued)

Achievements and performance (continued)

Over the past 12 months, Compass has made significant progress towards achieving its goals, despite resources being diverted to manage the continued delivery of services in a Covid environment by:

Compass aims to strengthen further its financial position through the acquisition of new business through the targeting of resources on the critically important and expanding MHST market and geographical areas where Compass already has strong representation and impact. This growth will be managed to ensure quality, innovation and high levels of performance in order to enhance Compass’ long term sustainability.

b. Risks to strategy

Clear objectives with milestones have been agreed and these are reviewed regularly by both the Senior Management Team and the Directors. Adjustments are made to priorities and resources to ensure objectives are delivered.

c. Review of activities

The main challenge faced by teams throughout the year was gaining access to Compass’ beneficiaries with limited availability of partner and community venues due to fluctuating Covid restrictions. As a result, delivery is now blended through a combination of face-to-face and virtual interventions using online methods such as MS teams, Zoom and digital guided self-help workbooks. Compass continued to accelerate its use of digital offers producing live and pre-recorded webinars, podcasts and videos broadcast through YouTube, and social media messaging .Compass continued to deliver a wide range of progressive health and wellbeing interventions for school-aged children, young people, parents/carers, families, and communities from four years up to 25 years, the emphasis remaining focused on co-designing, codeveloping, and co-delivering early intervention models of care to identify and address issues early before problems escalate. Extensive knowledge, across a wide range of health and wellbeing issues, at different levels of support provided insight and understanding of how issues are often interconnected, multi-layered and complex. Compass uses its aggregated activity data across services for itself and partners to help:

Page 6

COMPASS - SERVICES TO IMPROVE HEALTH AND WELLBEING

(A company limited by guarantee)

DIRECTORS' REPORT (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2022

Strategic report (continued)

Achievements and performance (continued)

Compass BUZZ, published its legacy report based on stakeholder feedback following completion of its four-year programme. The report, supported by a national learning event held by Compass and commissioners, captured the journey as the North Yorkshire project evolved. Including its tiered workforce training and consultation programme, upskilling over 15,000 education professionals in identifying and responding to emotional and mental health needs, codesigning an e-resource resilience toolkit for schools to facilitate wellbeing sessions with pupils on a one to one basis or in the classroom setting, embedding a Community in Practice forum for professionals to share new skills, tools, learning and best practice to aid peer development, and implementation of a peer wellbeing champions programme and network enabling pupils to have a voice, learn new skills and co-develop mentally healthy schools. BUZZ’s legacy lives on with service elements now being delivered through our new county-wide Phoenix service and our MHST models of delivery. The new county-wide service, a blend of both Compass BUZZ and REACH continued to work closely with strategic partners Tees, Esk and Wear Valley NHS Foundation Trust to adopt a systemwide approach, co-developing integrated care pathways and a thresholds tool for all stakeholders to make accessing the right support as easy as possible.

The successful roll out continued of our ten Compass MHSTs in North East Lincolnshire (January 2020), Barnsley (January 2021) and West and Central Lancashire (January 2022) with each area learning from the other in implementing the Compass community-based model, underpinned by NHSE’s operating manual. The ten teams are working with approximately 258 schools/colleges as part of the programme. Staff continue to be supported through a Compass-wide buddy scheme matching trainees and new staff with experienced and newly qualified Compass practitioners, supervisors, team leaders, managers, and University course tutors. As one of the Government’s priorities to grow the children’s mental health workforce 14 practitioners successfully completed their post graduate qualifications in low intensity CBT and clinical supervision at Sheffield University, with a further 24 set to graduate from Edge Hill University in February 2023.

Both Compass North East Lincolnshire and Barnsley MHSTs are well underway with rolling out the programme to all schools/colleges within their area (providing full coverage to all schools/colleges and pupils in the borough) and have well established locality skill mix teams who adopt a team around a cluster of schools approach to allocate their resources to deliver the full MHST based on evidenced-need (direct interventions, supporting school/college settings to develop their whole school approach, giving timely advice to settings and liasing with specialist services). Alongside specialist boroughwide roles that focus on specific mental health issues or vulnerable groups at risk of developing health inequalities:

Page 7

COMPASS - SERVICES TO IMPROVE HEALTH AND WELLBEING (A company limited by guarantee)

DIRECTORS' REPORT (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2022

Strategic report (continued)

Achievements and performance (continued)

Our Barnsley MHST has worked collaboratively with South West Yorkshire Partnership NHS Foundation Trust (SWYPFT) to co-design and implement a single point of access (SPA) which brings MHST and CAMHS practitioners physically together daily under one roof to jointly screen incoming requests for support and manage step up and step down referrals. Compass’ role as an MHST deliverer is to help bring system partners together to streamline referral and care pathways to stop families having to tell their story twice and being bounced around the system. This type of collaborative approach drives partnership and system enablement and is at the heart of Compass’ approach. We are looking forward to the next phase of system integration with SWYPFT by widening the SPA to involve other mental health providers.

Compass Warwickshire school nursing completed their re-branding in partnership with children and young people across the county to help raise awareness of the service and create a brand that children and young people identified with. Connect4Health, as the service is now known, worked tirelessly with all schools including colleges, pupil referral units and special schools to resume face to face public health interventions and share important public health messages across a range of platforms including resources for pupils with special education needs and disabilities. The service responded to a large increase in in safeguarding referrals whilst maintaining high quality support to children, families, and professionals, with all children in care annual health reviews carried out within national timescales. The service published its fifth annual report which was well received locally and nationally.

Our risky behaviour and substance misuse services (Enfield, Tower Hamlets, Harrow, Warwickshire) continued to make good in-roads with engaging with children, young people, and young adults early on before problems escalated.

Compass’ training and consultation arm, Positive Effect focused on two main strands: education and professional drivers, building on the knowledge and expertise within the organisation and groundwork carried out in establishing the brand the previous year. The team expanded following opportunities won, with a Business Development Manager and Health and Wellbeing Trainer, and external consultants who are experts in their field. Highlights included:

Page 8

COMPASS - SERVICES TO IMPROVE HEALTH AND WELLBEING

(A company limited by guarantee)

DIRECTORS' REPORT (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2022

Strategic report (continued)

Achievements and performance (continued)

d. Investment policy

The Directors have the power to invest in such assets as they consider appropriate. The Company has a policy of keeping any surplus liquid funds in short term deposits which can be readily accessed. Investments in property are permitted if the purchase of a property is for the use of furthering the organisation’s activities.

Page 9

COMPASS - SERVICES TO IMPROVE HEALTH AND WELLBEING

(A company limited by guarantee)

DIRECTORS' REPORT (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2022

Strategic report (continued)

Financial review

a. Going concern

The Directors are of the opinion that Compass is a going concern on the basis of the level of its reserves and the level of income which will be delivered in the next two years via contracts currently secured.

b. Financial review

Income during the year rose to £8.00 Million from the previous year’s figure of £6.86 Million. This increase resulted from the full year effect of the Barnsley contract gained in February 2021 and the partial effect of the Central and West Lancashire contract gained in February 2022.

Expenditure has risen to £7.18 million compared to £6.26 Million in line with increases in turnover.

Net income of £824K has risen from the previous year’s figure of £600K. This high level reflects economies of scale and lower operating costs required when delivering on line interventions. As a result of high levels of net income the Directors have decided to increase the value of the designated reserve created last year to £739K to be used to improve the breadth, quality and impact of services offered. Expenditure from the reserve was less than expected as the result of restrictions imposed on activity by Covid but in 2022/23, Compass are planning significant expenditure to cover improvements to its client management systems, HR systems, quality framework as well as developing an eating disorder offer.

c. Reserves policy

The Directors recognise the need to have reserves in place to ensure the sustainability of the Company in the event of the loss of a major contract. The Directors are also aware of the need to balance the levels of free reserves with the need to maximise the service delivered to current beneficiaries.

The Directors have agreed a method of calculating the minimum reserves requirement that Compass prudently needs to hold. The calculation takes into account the need for working capital, any long term lease commitments, levels of potential redundancy liability and assessment of the likelihood of these liabilities crystallising. Using this methodology, the minimum requirement at 31 March 2022 is £1.59 Million.

The free reserves at 31 March 2022 are £2.393 Million. This figure excludes the fixed assets reserve fund and the designated reserve. The excess of free reserves over the reserves required will be used to support future business growth and any financial impact of high rates of both general and wage inflation which may not be covered by increases in funding.

d. Principal funding

The principal funding source for the company is contractual income from Local Authorities, Clinical Commissioning Groups and Police and Crime Commissioners.

Page 10

COMPASS - SERVICES TO IMPROVE HEALTH AND WELLBEING

(A company limited by guarantee)

DIRECTORS' REPORT (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2022

Structure, governance and management

a. Constitution

The charity is constituted as a company limited by guarantee and governed by its Articles of Association which set out a Unitary Board arrangement whereby Executive Directors share with Non Executive Directors full responsibility for managing the affairs of the company.

All business is conducted through board meetings without the use of sub-committees. Clinical Governance, issues are scrutinised by an advisory group made up of Non Executive Directors, members of the senior management team and external clinical experts.

b. Recruitment and appointment of Directors

The Directors of the company are also Charity Trustees for the purposes of charity law and under the company's Articles are known collectively as the Board of Directors. Directors are elected to the Board either to fill a vacancy or to add to the number of Board members, up to a maximum of sixteen. The Articles provide that of the total number of Directors, no less than two thirds should be Non Executive Directors. The Non Executive Directors will hold office for a term of three years and will be able to put themselves forward to be elected for a further three year term. Further terms beyond the initial two must be approved by the Board on an individual basis.

The Chief Executive and Director of Finance are Executive Directors by virtue of office and any other Executive Directors, subject to a maximum of one third of total Board membership, may be elected by the Board. The Chair of the Board is elected by the Non Executive Directors; Claire Wesley was elected to the role in March 2016.

Non Executive Directors have been recruited through advertising in local and national media, through a consultant led headhunting campaign, and through the use of professional and personal networks.

c. Non Executive Directors’ induction and training

All new Non Executive Directors are given a starter information pack and meet with the Chief Executive and Chair and are briefed on the history of the organisation, its current strategy and future developments in the context of related national strategy and the wider issues of social policy.

Directors and the Senior Management Team meet at least annually separate from standard Board meetings to focus on a review of the Company's core vision, its values and its performance. The Non Executive Directors’ training schedule covers core components such as the Role of a Director and Trustee, Health and Safety, Safeguarding Children and Equal Opportunities and Diversity, as well as specific individual development needs.

d. Organisational structure

The Directors meet regularly and are responsible for the strategic direction and policy of the company. Currently there are seven Directors, two of whom are Executive Directors. The five Non Executive Directors are drawn from a variety of professional backgrounds relevant to the work of the Company.

A scheme of delegation is in place and day to day responsibility for the administration of the Company and the delivery of the services rests with the Chief Executive and the Senior Management Team.

Page 11

COMPASS - SERVICES TO IMPROVE HEALTH AND WELLBEING (A company limited by guarantee)

DIRECTORS' REPORT (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2022

Structure, governance and management (continued)

e. Risk management

The Board manages risk through its scrutiny of the two principal risk registers, the strategic risk register and the clinical risk register whilst at the same time seeking assurance from the Senior Management Team that identification and management of risk is core to the operational management of the business. The risk review process is underpinned by the Board’s evaluation of the forward strategy and annual business plan which together ensure that risks are identified and evaluated for likelihood of crystallisation, and to support effective decision making.

The principal registers are reviewed at each Board meeting ensuring that new risks and changes in the risk environment are properly identified and that controls are in place to maintain all risks within the Board’s agreed risk tolerance, along with the testing of procedures and mitigation of controls.

The principal risks to which Compass is exposed are regulatory/compliance and financial risks. Key risks with their corresponding risk scores are highlighted for the Board as a risk map. Risks are also monitored alongside key performance indicators per contract. Compass works closely with commissioners to minimise the risk of not attaining contractual targets. Risks in relation to data protection are managed through Compass’ Information Governance policies and procedures which ensure compliance with the General Data Protection Regulations; and the requirements of the NHS Digital data security and protection toolkit. The Covid-19 crisis was managed in line with the Compass risk strategy where risks are identified, evaluated and mitigated. During this period the Senior Management Team met regularly to consider the changing risk environment and the appropriate response. At the start of the crisis these meetings were weekly and as lockdown eased, they moved to monthly. The Board received regular updates in regard to Covid-19 and its impact on Compass’ business outside of normal meetings.

The financial risks are managed so that there are sufficient resources to meet ongoing contractual obligations. Such risks are further controlled against the Directors’ approved annual budget and variances are scrutinised through the year. Procedures are maintained for all operations and are subject to planned reviews and updating for business and statutory changes. Compass has in place a fraud and whistleblowing policy and has no exposure to financial risk instruments other than to ensure Compass maximises the return on credit bank balances.

The Board has given due consideration to its key strategic risks and is satisfied that Compass systems, procedures and policies are in place to manage these risks.

f. Key management pay and remuneration

The pay of Executive Directors is set by the Non Executive Directors. Remuneration is based on a pay range relevant to a particular role – ranges are regularly reviewed in a pay benchmarking exercise.

Compass operates a performance related pay system linked to appraisal; salaries also rose in line with the pre-approved 3 year pay agreement which ran its course at March 2022. Salaries at the 1st April 2022 were increased by 5% to reflects inflationary pressure in the labour market.

Information on fundraising practices

The charity does not actively engage in fundraising practices nor contract with a third party to fundraise on the charity's behalf.

Page 12

COMPASS - SERVICES TO IMPROVE HEALTH AND WELLBEING (A company limited by guarantee)

DIRECTORS' REPORT (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2022

Disclosure of information to auditor

Each of the persons who are Directors at the time when this Directors' report is approved has confirmed that:

Auditor

The auditor, BHP LLP, has indicated his willingness to continue in office. The Directors reappointed the auditors at a meeting of the Board on 11th August 2022.

Approved by order of the members of the board of Directors and signed on their behalf by:

Claire Wesley Claire Wesley (Aug 11, 2022 17:02 GMT+1)

C E Wesley

Chair

Date: 11-Aug-2022

Page 13

COMPASS - SERVICES TO IMPROVE HEALTH AND WELLBEING (A company limited by guarantee)

STATEMENT OF DIRECTORS' RESPONSIBILITIES FOR THE YEAR ENDED 31 MARCH 2022

The Directors (who are also the Trustees of the Company for the purposes of charity law) are responsible for preparing the Directors' report including the Strategic report and the financial statements in accordance with applicable law and United Kingdom Accounting Standards (United Kingdom Generally Accepted Accounting Practice).

Company law requires the Directors to prepare financial statements for each financial year. Under company law, the Directors must not approve the financial statements unless they are satisfied that they give a true and fair view of the state of affairs of the Company and of its incoming resources and application of resources, including its income and expenditure, for that period. In preparing these financial statements, the Directors are required to:

The Directors are responsible for keeping adequate accounting records that disclose with reasonable accuracy at any time the financial position of the Company and enable them to ensure that the financial statements comply with the Companies Act 2006. They are also responsible for safeguarding the assets of the Company and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities.

The directors confirm that so far as they are aware, there is no relevant audit information (as defined by section 418(3) of the Companies Act 2006) of which the company’s auditors are unaware. They have taken all the steps that they ought to have taken as directors in order to make themselves aware of any relevant audit information and to establish that the company's auditors are aware of that information.

The directors are responsible for the maintenance and integrity of the corporate and financial information included on the company’s website. Legislation in the United Kingdom governing the preparation and dissemination of the financial statements and other information included in annual reports may differ from legislation in other jurisdictions.

Page 14

COMPASS - SERVICES TO IMPROVE HEALTH AND WELLBEING

(A company limited by guarantee)

INDEPENDENT AUDITOR'S REPORT TO THE MEMBERS OF COMPASS - SERVICES TO IMPROVE HEALTH AND WELLBEING

Opinion

We have audited the financial statements of Compass - Services to improve health and wellbeing (the 'charitable company') for the year ended 31 March 2022 which comprise the Statement of financial activities, the Balance sheet, the Statement of cash flows and the related notes, including a summary of significant accounting policies. The financial reporting framework that has been applied in their preparation is applicable law and United Kingdom Accounting Standards, including Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland' (United Kingdom Generally Accepted Accounting Practice).

In our opinion the financial statements:

Basis for opinion

We conducted our audit in accordance with International Standards on Auditing (UK) (ISAs (UK)) and applicable law. Our responsibilities under those standards are further described in the Auditor's responsibilities for the audit of the financial statements section of our report. We are independent of the charitable company in accordance with the ethical requirements that are relevant to our audit of the financial statements in the United Kingdom, including the Financial Reporting Council's Ethical Standard, and we have fulfilled our other ethical responsibilities in accordance with these requirements. We believe that the audit evidence we have obtained is sufficient and appropriate to provide a basis for our opinion.

Conclusions relating to going concern

In auditing the financial statements, we have concluded that the Directors' use of the going concern basis of accounting in the preparation of the financial statements is appropriate.

Based on the work we have performed, we have not identified any material uncertainties relating to events or conditions that, individually or collectively, may cast significant doubt on the charitable company's ability to continue as a going concern for a period of at least twelve months from when the financial statements are authorised for issue.

Our responsibilities and the responsibilities of the Directors with respect to going concern are described in the relevant sections of this report.

Page 15

COMPASS - SERVICES TO IMPROVE HEALTH AND WELLBEING

(A company limited by guarantee)

INDEPENDENT AUDITOR'S REPORT TO THE MEMBERS OF COMPASS - SERVICES TO IMPROVE HEALTH AND WELLBEING (CONTINUED)

Other information

The other information comprises the information included in the Directors' report, other than the financial statements and our Auditor's report thereon. The Directors' are responsible for the other information contained within the Directors' report. Our opinion on the financial statements does not cover the other information and, except to the extent otherwise explicitly stated in our report, we do not express any form of assurance conclusion thereon.

Our responsibility is to read the other information and, in doing so, consider whether the other information is materially inconsistent with the financial statements or our knowledge obtained in the audit or otherwise appears to be materially misstated. If we identify such material inconsistencies or apparent material misstatements, we are required to determine whether this gives rise to a material misstatement in the financial statements themselves. If, based on the work we have performed, we conclude that there is a material misstatement of this other information, we are required to report that fact.

We have nothing to report in this regard.

Opinions on other matters prescribed by the Companies Act 2006

In our opinion, based on the work undertaken in the course of the audit:

Matters on which we are required to report by exception

In the light of our knowledge and understanding of the charitable company and its environment obtained in the course of the audit, we have not identified material misstatements in the Directors' report.

We have nothing to report in respect of the following matters in relation to which Companies Act 2006 requires us to report to you if, in our opinion:

Page 16

COMPASS - SERVICES TO IMPROVE HEALTH AND WELLBEING

(A company limited by guarantee)

INDEPENDENT AUDITOR'S REPORT TO THE MEMBERS OF COMPASS - SERVICES TO IMPROVE HEALTH AND WELLBEING (CONTINUED)

Responsibilities of directors

As explained more fully in the Directors' responsibilities statement, (set out on page 14) the Directors (who are also the trustees of the charitable company for the purposes of company law) are responsible for the preparation of the financial statements and for being satisfied that they give a true and fair view, and for such internal control as the Directors determine is necessary to enable the preparation of financial statements that are free from material misstatement, whether due to fraud or error.

In preparing the financial statements, the Directors are responsible for assessing the charitable company's ability to continue as a going concern, disclosing, as applicable, matters related to going concern and using the going concern basis of accounting unless the Directors either intend to liquidate the charitable company or to cease operations, or have no realistic alternative but to do so.

Auditor's responsibilities for the audit of the financial statements

Our objectives are to obtain reasonable assurance about whether the financial statements as a whole are free from material misstatement, whether due to fraud or error, and to issue an Auditor's report that includes our opinion. Reasonable assurance is a high level of assurance, but is not a guarantee that an audit conducted in accordance with ISAs (UK) will always detect a material misstatement when it exists. Misstatements can arise from fraud or error and are considered material if, individually or in the aggregate, they could reasonably be expected to influence the economic decisions of users taken on the basis of these financial statements.

Irregularities, including fraud, are instances of non-compliance with laws and regulations. We design procedures in line with our responsibilities, outlined above, to detect material misstatements in respect of irregularities, including fraud. The extent to which our procedures are capable of detecting irregularities, including fraud is detailed below:

We assessed the susceptibility of the charity's financial statements to material misstatement, including obtaining an understanding of how fraud might occur, by;

Page 17

COMPASS - SERVICES TO IMPROVE HEALTH AND WELLBEING

(A company limited by guarantee)

INDEPENDENT AUDITOR'S REPORT TO THE MEMBERS OF COMPASS - SERVICES TO IMPROVE HEALTH AND WELLBEING (CONTINUED)

In response to the risk of irregularities and non-compliance with laws and regulations, we designed procedures which included, but were not limited to:

A further description of our responsibilities for the audit of the financial statements is located on the Financial Reporting Council's website at: https://www.frc.org.uk/Our-Work/Audit/Audit-and-assurance/Standards-and-guidance/Standards and-guidance-for-auditors/Auditors-responsibilities-for-audit/Description-of-auditors-responsibilities-for-audit.aspx. This description forms part of our Auditor's report.

Use of our report

This report is made solely to the charitable company's members, as a body, in accordance with Chapter 3 of Part 16 of the Companies Act 2006. Our audit work has been undertaken so that we might state to the charitable company's members those matters we are required to state to them in an Auditor's report and for no other purpose. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than the charitable company and its members, as a body, for our audit work, for this report, or for the opinions we have formed.

Jane Marshall (Aug 12, 2022 09:46 GMT+1)

Jane Marshall (Senior statutory auditor)

for and on behalf of

BHP LLP

Chartered Accountants Statutory Auditor's Rievaulx House 1 St Mary's Court Blossom Street York YO24 1AH

Date: 12-Aug-2022

Page 18

COMPASS - SERVICES TO IMPROVE HEALTH AND WELLBEING

(A company limited by guarantee)

STATEMENT OF FINANCIAL ACTIVITIES (INCORPORATING INCOME AND EXPENDITURE ACCOUNT) FOR THE YEAR ENDED 31 MARCH 2022

Note
Income from:
Donations and legacies
4
Charitable activities
5
Investments
6
Total income
Expenditure on:
Charitable activities
7
Total expenditure
Net (expenditure)/income
Transfers between funds
17
Net movement in funds
Reconciliation of funds:
Total funds brought forward
Net movement in funds
Total funds carried forward		 Unrestricted
funds
2022
£
3,381
-
332
3,713
144,831
144,831
(141,118)
964,899
823,781
2,407,121
823,781
3,230,902		 Restricted
funds
2022
£
-
7,997,716
-
7,997,716
7,032,817
7,032,817
964,899
(964,899)
-
-
-
-		 Total
funds
2022
£
3,381
7,997,716
332
8,001,429
7,177,648
7,177,648
823,781
-
823,781
2,407,121
823,781
3,230,902		 Total
funds
2021
£
1,185
6,852,597
3,248
6,857,030
6,257,448
6,257,448
599,582
-
599,582
1,807,539
599,582
2,407,121

The Statement of financial activities includes all gains and losses recognised in the year.

The notes on pages 22 to 36 form part of these financial statements.

Page 19

COMPASS - SERVICES TO IMPROVE HEALTH AND WELLBEING

(A company limited by guarantee) REGISTERED NUMBER: 02054594

BALANCE SHEET AS AT 31 MARCH 2022

Note
Fixed assets
Tangible assets
14
Current assets
Debtors
15
Cash at bank and in hand
Creditors: amounts falling due within one year
16
Net current assets
Total net assets
Charity funds
Restricted funds
17
Unrestricted funds
Designated funds
17
General funds
17
Total unrestricted funds
17
Total funds		 829,537
3,878,831
4,708,368
(1,576,106)
837,640
2,393,262		 2022
£
98,640
98,640
3,132,262
3,230,902
-
3,230,902
3,230,902		 900,043
2,356,349
3,256,392
(954,477)
705,206
1,701,915		 2021
£
105,206
105,206
2,301,915
2,407,121
-
2,407,121
2,407,121

The Directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and preparation of financial statements.

The financial statements have been prepared in accordance with the provisions applicable to entities subject to the small companies regime.

The financial statements were approved and authorised for issue by the Directors and signed on their behalf by:

Claire Wesley (Aug 11, 2022 17:02 GMT+1)
Claire Wesley		 R V Bundock (Aug 12, 2022 09:34 GMT+1)
R V Bundock
C E Wesley R V Bundock
Chair Chief Executive
Date:
11-Aug-2022

The notes on pages 22 to 36 form part of these financial statements.

Page 20

COMPASS - SERVICES TO IMPROVE HEALTH AND WELLBEING

(A company limited by guarantee)

STATEMENT OF CASH FLOWS FOR THE YEAR ENDED 31 MARCH 2022

Note
Cash flows from operating activities
Net cash provided by operating activities
19
Cash flows from investing activities
Bank interest
Proceeds from the sale of tangible fixed assets
Purchase of tangible fixed assets
Net cash (used in)/provided by investing activities
Change in cash and cash equivalents in the year
Cash and cash equivalents at the beginning of the year
Cash and cash equivalents at the end of the year
20		 2022
£
1,597,003
332
-
(74,853)
(74,521)
1,522,482
2,356,349
3,878,831		 2021
£
838,261
3,248
146,452
(38,552)
111,148
949,409
1,406,940
2,356,349

The notes on pages 22 to 36 form part of these financial statements

Page 21

COMPASS - SERVICES TO IMPROVE HEALTH AND WELLBEING (A company limited by guarantee)

NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2022

1. General information

Compass - Services to improve health and wellbeing is a company limited by guarantee. The members of the company are the Directors named on page 1. In the event of the company being wound up, the liability in respect of the guarantee is limited to £1 per member. The registered office of the charity is given in the charity information on page 1.

2. Accounting policies

2.1 Basis of preparation of financial statements

The financial statements have been prepared in accordance with Accounting and Reporting by Charities: Statement of Recommended Practice applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland issued in October 2019, the Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland (FRS 102), the Charities Act 2011, the Companies Act 2006 and UK Generally Accepted Accounting Practice.

Compass - Services to improve health and wellbeing meets the definition of a public benefit entity under FRS 102. Assets and liabilities are initially recognised at historical cost or transaction value unless otherwise stated in the relevant accounting policy.

The financial statements are presented in sterling which is the functional currency of the charity and rounded to the nearest £.

2.2 Going concern

At the time of approving the financial statements, the Directors have a reasonable expectation that the charity has adequate resources to continue in existence for the forseeable future. The Directors continue to adopt the going concern basis of accounting in preparing the financial statements.

2.3 Income

All income is recognised once the Company has entitlement to the income, it is probable that the income will be received and the amount of income receivable can be measured reliably.

Income tax recoverable in relation to donations received under Gift Aid or deeds of covenant is recognised at the time of the donation.

Grants and contract income due for the year have been included in full and have been allocated as restricted income where appropriate.

Page 22

COMPASS - SERVICES TO IMPROVE HEALTH AND WELLBEING

(A company limited by guarantee)

NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2022

2. Accounting policies (continued)

2.4 Expenditure

Expenditure is recognised once there is a legal or constructive obligation to transfer economic benefit to a third party, it is probable that a transfer of economic benefits will be required in settlement and the amount of the obligation can be measured reliably.

All expenditure is accounted for on an accruals basis. All expenses including support costs and governance are allocated to the applicable expenditure headings.

Expenditure on charitable activities is incurred on directly undertaking the activities which further the Company's objectives, as well as any associated support costs.

All expenditure is inclusive of irrecoverable VAT.

2.5 Interest receivable

Interest on funds held on deposit is included when receivable and the amount can be measured reliably by the Company; this is normally upon notification of the interest paid or payable by the Bank.

2.6 Taxation

The Company is considered to pass the tests set out in Paragraph 1 Schedule 6 of the Finance Act 2010 and therefore it meets the definition of a charitable company for UK corporation tax purposes. Accordingly, the Company is potentially exempt from taxation in respect of income or capital gains received within categories covered by Chapter 3 Part 11 of the Corporation Tax Act 2010 or Section 256 of the Taxation of Chargeable Gains Act 1992, to the extent that such income or gains are applied exclusively to charitable purposes.

2.7 Operating leases

Rentals under operating leases are charged to the SOFA on a straight line basis over the lease term.

Benefits received and receivable as an incentive to sign an operating lease are recognised on a straight line basis over the period until the date the rent is expected to be adjusted to the prevailing market rate.

2.8 Tangible fixed assets and depreciation

Tangible fixed assets are initially recognised at cost. After recognition, under the cost model, tangible fixed assets are measured at cost less accumulated depreciation and any accumulated impairment losses. All costs incurred to bring a tangible fixed asset into its intended working condition should be included in the measurement of cost.

Page 23

COMPASS - SERVICES TO IMPROVE HEALTH AND WELLBEING (A company limited by guarantee)

NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2022

2. Accounting policies (continued)

2.8 Tangible fixed assets and depreciation (continued)

Depreciation is charged so as to allocate the cost of tangible fixed assets less their residual value over their estimated useful lives.

Depreciation is provided on the following bases:

2.9 Debtors

Trade and other debtors are recognised at the settlement amount after any trade discount offered. Prepayments are valued at the amount prepaid net of any trade discounts due.

2.10 Cash at bank and in hand

Cash at bank and in hand includes cash and short-term highly liquid investments with a short maturity of three months or less from the date of acquisition or opening of the deposit or similar account.

2.11 Liabilities and provisions

Liabilities are recognised when there is an obligation at the Balance sheet date as a result of a past event, it is probable that a transfer of economic benefit will be required in settlement, and the amount of the settlement can be estimated reliably.

Liabilities are recognised at the amount that the Company anticipates it will pay to settle the debt or the amount it has received as advanced payments for the goods or services it must provide.

2.12 Financial instruments

The Company only has financial assets and financial liabilities of a kind that qualify as basic financial instruments.

2.13 Pensions

The Company operates a defined contribution pension scheme and the pension charge represents the amounts payable by the Company to the fund in respect of the year in accordance with section 28 of FRS 102.

Page 24

COMPASS - SERVICES TO IMPROVE HEALTH AND WELLBEING

(A company limited by guarantee)

NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2022

2. Accounting policies (continued)

2.14 Employee benefits

The costs of short-term employee benefits are recognised as a liability and an expense, unless those costs are required to be recognised as part of the cost of stock of fixed assets.

The cost of any unused holiday entitlement is recognised in the period in which the employee's services are received.

Termination benefits are recognised immediately as an expense when the Company is demonstrably committed to terminate the employment of an employee or to provide termination benefits.

2.15 Fund accounting

General funds are unrestricted funds which are available for use at the discretion of the Directors in furtherance of the general objectives of the Company and which have not been designated for other purposes.

Designated funds comprise unrestricted funds that have been set aside by the Directors for particular purposes. The aim and use of each designated fund is set out in the notes to the financial statements.

Restricted funds are funds which are to be used in accordance with specific restrictions imposed by donors or which have been raised by the Company for particular purposes. The costs of raising and administering such funds are charged against the specific fund. The aim and use of each restricted fund is set out in the notes to the financial statements.

3. Critical accounting estimates and areas of judgment

Estimates and judgments are continually evaluated and are based on historical experience and other factors, including expectations of future events that are believed to be reasonable under the circumstances.

4. Income from donations and legacies

Donations
Total 2021		 Unrestricted
funds
2022
£
3,381
1,185		 Total
funds
2022
£
3,381
1,185		 Total
funds
2021
£
1,185

Page 25

COMPASS - SERVICES TO IMPROVE HEALTH AND WELLBEING

(A company limited by guarantee)

NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2022

5. Income from charitable activities

Income from charitable activities - services
Total 2021		 Restricted
funds
2022
£
7,997,716
6,852,597		 Total
funds
2022
£
7,997,716
6,852,597		 Total
funds
2021
£
6,852,597

6. Investment income

Bank interest
Total 2021		 Unrestricted
funds
2022
£
332
3,248		 Total
funds
2022
£
332
3,248		 Total
funds
2021
£
3,248

7. Analysis of expenditure on charitable activities

Summary by fund type

Governance costs
Expenditure on charitable activities - services
Total 2021		 Unrestricted
funds
2022
£
34,231
110,600
144,831
28,871		 Restricted
funds
2022
£
-
7,032,817
7,032,817
6,228,577		 Total
funds
2022
£
34,231
7,143,417
7,177,648
6,257,448		 Total
funds
2021
£
28,871
6,228,577
6,257,448

Page 26

COMPASS - SERVICES TO IMPROVE HEALTH AND WELLBEING

(A company limited by guarantee)

NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2022

8. Support costs

Support costs Total
2022
£
641,376
641,376		 Total
2021
£
503,672
503,672

Support costs, which are included within expenditure on charitable activities (Note 7), cover the costs of governance and HR, Finance and Administration departments. They have been allocated on the basis of direct costs.

9. Governance costs

Audit fees (Note 10)
Staff cost allocation (Note 10)
Total 2021		 Unrestricted
funds
2022
£
17,556
16,675
34,231
28,871		 Total
funds
2022
£
17,556
16,675
34,231
28,871		 Total
funds
2021
£
13,000
15,871
28,871

Page 27

COMPASS - SERVICES TO IMPROVE HEALTH AND WELLBEING

(A company limited by guarantee)

NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2022

10. Analysis of resources expended by expenditure type

Staff costs Depreciation Other costs Total Total
2022 2022 2022 2022 2021
£ £ £ £ £
Charitable activities 5,500,719 42,030 1,600,668 7,143,417 6,228,577
Expenditure on governance 16,675 - 17,556 34,231 28,871
Total 5,517,394 42,030 1,618,224 7,177,648 6,257,448
2021 total 4,692,914 63,010 1,501,524 6,257,448

11. Net income/(expenditure)

This is stated after charging:

2022 2021
£ £
Depreciation of tangible fixed assets:
- owned bythe charity 42,030 63,010
Loss/(profit)on disposal of fixed assets 39,389 (18,279)
Auditor's remuneration - audit 17,556 13,000

12. Staff costs

Wages and salaries
Social security costs
Contribution to defined contribution pension schemes		 2022
£
4,723,325
428,057
366,012
5,517,394		 2021
£
4,079,075
344,494
269,345
4,692,914

Included within the wages and salaries figures above are agency staff costs for 2022 of £158,131 (2021: £320,551). Total staff costs excluding agency staff was £5,359,263 (2021: £4,372,364).

Redundancy or termination payments which are included as an expense within wages and salaries above, amounted to £nil (2021: £33,577).

Page 28

COMPASS - SERVICES TO IMPROVE HEALTH AND WELLBEING

(A company limited by guarantee)

NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2022

12. Staff costs (continued)

The average number of persons employed by the Company during the year was as follows:

Project staff
Administrative staff		 2022
No.
164
12
176		 2021
No.
133
8
141

The number of employees whose employee benefits (excluding employer pension costs) exceeded £60,000 was:

2022 2021
No. No.
In the band £60,001 - £70,000 1 1
In the band £70,001 - £80,000 1 1

13. Directors' remuneration

Details of Executive Directors' remuneration and expenses are given below

2022 2021
£ £
Executive Directors' remuneration 149,625 142,500

In addition, employers national insurance contributions in respect of the above directors amounted to £17,120 (2021: £16,206).

During the year retirement benefits were accruing to 1 director (2021: 1) in respect of defined contribution pension schemes.

The highest paid director received remuneration of £86,625 (2021: £82,500), including pension contributions of £7,875 (2021: £7,500).

The Executives Directors' individual remuneration including pension contributions was: M Roberts - £63,000 (2021: £60,000)

R Bundock - £86,625 (2021: £82,500), including pension contributions of £7,875 (2021: £7,500)

No remuneration was paid to Non-Executive Directors during the year.

1 Director received expenses amounting to £595 in the current year (2021: £478 paid to 1 Director).

No Non-Executive Directors received expenses in the current or previous year.

Page 29

COMPASS - SERVICES TO IMPROVE HEALTH AND WELLBEING

(A company limited by guarantee)

NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2022

14. Tangible fixed assets

Cost
At 1 April 2021
Additions
Disposals
At 31 March 2022
Depreciation
At 1 April 2021
Charge for the year
On disposals
At 31 March 2022
Net book value
At 31 March 2022
At 31 March 2021
15.
Debtors
Due within one year
Trade debtors
Prepayments and accrued income		 Short-term
leasehold
property
improvements
£
59,291
-
(59,291)
-
13,973
5,929
(19,902)
-
-
45,318		 Computer
equipment,
fixtures and
fittings
£
300,393
74,853
-
375,246
240,505
36,101
-
276,606
98,640
59,888
2022
£
433,517
396,020
829,537		 Total
£
359,684
74,853
(59,291)
375,246
254,478
42,030
(19,902)
276,606
98,640
105,206
2021
£
362,488
537,555
900,043

Page 30

COMPASS - SERVICES TO IMPROVE HEALTH AND WELLBEING

(A company limited by guarantee)

NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2022

16. Creditors: Amounts falling due within one year

Trade creditors
Other taxation and social security
Accruals and deferred income
Deferred income at 1 April
Resources deferred during the year
Amounts released from previous periods
Deferred income at 31 March		 2022
£
622,051
189,715
764,340
1,576,106
2022
£
35,761
534,596
(20,200)
550,157		 2021
£
569,226
154,468
230,783
954,477
2021
£
125,000
35,761
(125,000)
35,761

Within accruals and deferred income is a balance of £550,157 (2021: £35,761) of deferred income. This relates to amounts received in advance of the contract or work commencing.

Total pension commitments, which are included within creditors, amount to £64,163 (2021: £53,248).

Page 31

COMPASS - SERVICES TO IMPROVE HEALTH AND WELLBEING

(A company limited by guarantee)

NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2022

17.
Statement of funds
Statement of funds - current year
Unrestricted funds
Designated funds
Fixed asset reserve fund
Covid 19 recovery fund
General funds
General funds
Total Unrestricted funds
Restricted funds
Services
Total of funds		 Balance at 1
April 2021
£
105,206
600,000
705,206
1,701,915
2,407,121
-
2,407,121		 Income
£
-
-
-
3,713
3,713
7,997,716
8,001,429		 Expenditure
£
-
(110,600)
(110,600)
(34,231)
(144,831)
(7,032,817)
(7,177,648)		 Transfers
in/out
£
(6,566)
249,600
243,034
721,865
964,899
(964,899)
-		 Balance at 31
March 2022
£
98,640
739,000
837,640
2,393,262
3,230,902
-
3,230,902

Page 32

COMPASS - SERVICES TO IMPROVE HEALTH AND WELLBEING

(A company limited by guarantee)

NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2022

17. Statement of funds (continued)

Statement of funds - prior year

Unrestricted funds
Designated funds
Fixed asset reserve fund
Covid 19 recovery fund
General funds
General funds
Total Unrestricted funds
Restricted funds
Services
Total of funds		 Balance at
1 April 2020
£
257,837
-
257,837
1,549,702
1,807,539
-
1,807,539		 Income
£
-
-
-
4,433
4,433
6,852,597
6,857,030		 Expenditure
£
-
-
-
(28,871)
(28,871)
(6,228,577)
(6,257,448)		 Transfers
in/out
£
(152,631)
600,000
447,369
176,651
624,020
(624,020)
-		 Balance at
31 March
2021
£
105,206
600,000
705,206
1,701,915
2,407,121
-
2,407,121

Restricted funds are for the provision of services commissioned to tackle issues in Health and Well-being. Where applicable surpluses accrued in the year are released to general reserves to be used for the charitable purpose of the Company. These are shown as transfers between funds.

Covid 19 recovery fund has been designated by the Directors to improve breadth, quality and impact of services offered by the charity.

Page 33

COMPASS - SERVICES TO IMPROVE HEALTH AND WELLBEING

(A company limited by guarantee)

NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2022

18. Analysis of net assets between funds

Analysis of net assets between funds - current year

Tangible fixed assets
Current assets
Creditors due within one year
Total		 Unrestricted
funds
2022
£
98,640
4,708,368
(1,576,106)
3,230,902		 Total
funds
2022
£
98,640
4,708,368
(1,576,106)
3,230,902

Analysis of net assets between funds - prior year

Tangible fixed assets
Current assets
Creditors due within one year
Total		 Unrestricted
funds
2021
£
105,206
3,256,392
(954,477)
2,407,121		 Total
funds
2021
£
105,206
3,256,392
(954,477)
2,407,121

Page 34

COMPASS - SERVICES TO IMPROVE HEALTH AND WELLBEING

(A company limited by guarantee)

NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2022

19. Reconciliation of net movement in funds to net cash flow from operating activities

Net income for the year (as per Statement of Financial Activities)
Adjustments for:
Depreciation charges
Bank interest
Loss/(profit) on the sale of fixed assets
Decrease in debtors
Increase/(decrease) in creditors
Net cash provided by operating activities
20.
Analysis of cash and cash equivalents
Cash in hand
Total cash and cash equivalents
21.
Analysis of changes in net debt
Cash in hand		 At 1 April
2021
£
2,356,349
2,356,349		 2022
£
823,781
42,030
(332)
39,389
70,506
621,629
1,597,003
2022
£
3,878,831
3,878,831
Cash flows
£
1,522,482
1,522,482		 2021
£
599,582
63,010
(3,248)
(18,279)
593,383
(396,187)
838,261
2021
£
2,356,349
2,356,349
At 31 March
2022
£
3,878,831
3,878,831

Page 35

COMPASS - SERVICES TO IMPROVE HEALTH AND WELLBEING

(A company limited by guarantee)

NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2022

22. Operating lease commitments

At 31 March 2022 the Company had commitments to make future minimum lease payments under noncancellable operating leases as follows:

Not later than 1 year
Later than 1 year and not later than 5 years		 2022
£
39,668
15,000
54,668		 2021
£
65,617
5,417
71,034

23. Related party transactions

There were no related party transactions during either period other than the remuneration paid to Directors of the charity, disclosed in Note 13 of the financial statements.

Page 36