Registered number- N1027662 Charity number:106855 Compassion Belfast (A Company Limited by Guarantee) Unaudited Trustees. Report and Financial Statements For the Year Ended 31 December 2022
Compassion Belfast IA Company Limited by Guarantee) Contents Page Reference and Administrative Details of the Company. its Trustees and Advisers Trustees, Report Independent Examiner's Report Statement of Financial Activities Balance Sheet Notes to the Financial Statements 10-17
Compassion Belfast (A Company Limited by Guarantee) Reference and Administrative Details of the Company, its Trustees and Advisers For the Year Ended 31 December 2022 Trustees Pastor Stephen Thompson, Chair David Bradshaw Edwin Robb {Resigned 30 January 20221 Colin Lockhart Karen Millar (Appointed 20 December 20221 Company registered number N1027662 Charity registered number 106855 Registered office 276 Ravenhill Road Belfast Antrim BT6 8GJ Company secretary Pastor Stephen Thompson Independent Examiner ASM B (Ltd) 4th Floor Glendinning House 6 Murray Street Belfast BT1 6DN Page 1
Compassion Belfast {A Company Limited by Guarantee) Trustees, Report For the Year Ended 31 December 2022 The Trustees present their annual report together with the financial statements of the Charitable Company for the year 1 January 2022 10 31 December 2022. The Annual Report serves the purposes of both a Trustees, report and a directors, report under company law. The Trustees confirm that the Annual Report and financial statements of the charitable company comply with the current slalutory requirements, the requirements of the Charitable Company's governing document and the provisians of the Statement of Recommended Practice ISORPI applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS102}. Since the Company qualifies as small under section 382 of the Companies Act 2006. the Strategic Report required of medium and large companies under the Companies Act 2006 (Strategic Report and Directors, Report) Regulations 2013 has been omitted. Objectives and activities Policies and objectives The Company is established lo prornote the wellbeing of the inhabitants of Northern Ireland and ils environs without distinction of age, sex, race. political, reli9ious or other opinion by all or any of the following means- {11 The relief of poverty, 121 The advancement of community development, 131 The advancement of education, skills training and the arts, (41 The relief of those in need by reason of youth. age, ill health, disability. financial hardship or other disadvantage, (5) The provisions of facilities in the interests of social welfare: and {61 Generally improve the conditions of life for the said inhabitants by associating with the statutory authorities, voluntary organisations and inhabitants in a common effort to meet our objectives. Achievements and performance Review of activities In 2022. Compassion Belfast continued to employ a full-time Project Coordinator. Compassion Belfast continues to innovate and develop current projects. It was great to relaunch some of our longstanding projects coming OLJI of the unprecedented season of a global pandemic. Our Compassion Belfast Hub continues to incorporate the 'New To You, charity shop and the Base Project. 'The Base Project, includes a recording studio and continues to offer affordable in-person music lessons with accredilalions achieved by students al grade 1 in piano and guitar. This is offered lo children from low socioeconomic reality in Belfast. The Base offers a space to allow people to tell their story by enabling them lo communicate through the arts and media. The lessons are offered to those who without this support. would not in any other way get this opportunity. We have been able to supply each pupil with an instrument which they Gan own enabling them to continue to grow in their knowledge and skill. thereby encouraging improved self-esteem and mental health. Various Compassion projects support people through difficult limes and. as an extension of this, The BASE offers them the chance to learn new skills, meet new people and have an objective to work towards through the offering of a Music School and a Creative Studio. Page 2
Cornpassion Belfast {A Company Limited by Guarantee) Trustees, Report (continued) For the Year Ended 31 December 2022 Achievements and performance (continued) During this period there were eight pupils enrolled for the guitar and piano lessons filling all the spaS available. Six pupils completed the course with four passing their Grade 1 exam. Fifteen sludenls have now completed the course. 'Fun In A Box. has enabled engagement with community associations in aroas of Belfast. An event which, on average, engages with 200 children and their families. People from diverse backgrounds work together breaking with traditional stereotypes. Two events have been able to lake place thanks to the removal of Covid restrictions. 'Compassion Walks. has been relaunched and continues to assist the horneless and rough sleepers in Belfast City cenlre. Through food, hygiene and winter kits and other essentials a trained team of volunteers seeks to onnecl and assist on Saturday mornings as and when volunteers are available. In partnership with local Belfast schools, 'The Living Room, project and seven other agencies. delivered the 'Project Chrislrnas Box. loy appeal that provided 100 families with food hampers at a value of approximately £18 per hamper and 264 children with Christmas presents. Approx 100 volunteers were engaged with this project. The 'Living Room, project continues lo be one of our main projects due to negative economic conditions. The below figure represents 831, three day packs lo individuals. 2022 SchemelEvent TOTAL Families 77 People 259 Face lo face interaction continues to assist with the goals of the project. As part of The Living Room project we continue to deepen and develop partnerships with Clanmill Housing Group, Radius Housing, Apex Housing, Belfast City Council, Dale Farm, Tesco, Lidl. Sainsbury s and other local businesses. Our volunteers are a diverse representation from across our city. As in 2021. in 2022 we continued to see an increase in visitors from displaced global regions. 'The Tool Box. continues lo utilise its workspace. 11 now runs two days weekly and regular evenings have been added. An average of 10 people attend each week helping alleviate isolation and poor mental health caused by social poverty. 'New To You, community space and used good5 shop. This space now runs through volunteerism six days per week. 'Side By Side Project, was relaunched with one event. Six families from low economic realities had the benefil of a free "Zoo Day.. Fundraising Team This continues to develop and progress is being made. Page 3
Compassion Belfast (A Company Limited by Guarantee) Trustees. Report {continuedl For the Year Ended 31 December 2022 Financial review Going concern After making appropriate enquiries, the Trustees have a reasonable expectation that the Company has adequate resources lo continue in operational existence for the foreseeable future. For this reason, they continue to adopt the going concern basis in preparing the financial statements. Further details regarding the adoption of the going concern basis can be found in the accounting policies, b. ReseeS policy The Charills policy is lo relain a level of free reserves. which matches the needs of the organisalion both at the current lime and in the foreseeable future. The charity has developed a plan to establish and maintain this agreed level of free reserves. The Charity will continue lo monitor compliance with this policy on a regular basis and the Board will review the appropriateness of the policy annually. Structure, governance and management Constitution The Company is registered as a Charitable Company limited by guarantee and is controlled by ils governing document, a deed of trust, and constitutes a limited Company, limited by guarantee as defined by the Companies Act 2006. The Company is a registered charity. Charity registration number 106855. Plans for future periods Future developments We will continue to develop all existing Compassion Belfast projects. We will continue to grow and value all volunteer5 of Compassion Belfast. We will continue to develop funding strearns and a fundraising team. Page 4
Compassion Belfast {A Company Limited by Guarantee) Trustees. Report (continued) For the Year Ended 31 December 2022 statement of Trustees. responsibilities The Trustees (who are also the directors of the Company for the purposes of company lawl are responsible for preparing the Trustees, Report and the financial slalemenls in accordance with applicable law and United Kingdom Accounting Standards (United Kingdom Generally Accepted Accounting Practice). Company law requires the Trustees lo prepare financial slalemenls for each financial year. Under company law, the Trustees musl 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 ils incoming resources and application of resources, including its income and expenditure, for that period. In preparing these financial statements. the Trustees are required to.. select suitable accaunling policies and then apply them consistently- observe the methods and principles of the Charities SORP {FRS 102).. rnake judgments and accounting estimates that are reasonable and prudent.. slate whether applicable UK Accounting Standards IFRS 1021 have been followed, subject lo any material departures disclosed and explained in the financial statements,. prepare the financial statements on the going concern basis unless it is inappropriate lo presume that the Company will continue in business. The Trustees are responsible for keeping adequate accounting records that are sufficient to show and explain the Company's transactions and disclose with reasonable accuracy at any lime 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. Approved by order of the members of the board of Trustees on 8 September 2023 and signed on their behalf by.. Pastor Stephen Thompson (Trusteel Page 5
Compassion Belfast {A Company Limited by Guarantee) Independent Examiner's Report For the Year Ended 31 December 2022 Independent Examiner's Report to the Trustees of Compassion Belfast I report on the financial statements of the Company for the year ended 31 December 2022 which are sel out on pages 8 to 17. Respective Responsibilities of charity Trustees and Examiner As the Company's trustees land also the directors of the Company for the purpose of company law) you are responsible for the preparation of the accounts in accordance with the requirements of the Companies Act 2006. Having satisfied myself that the company is not subject to audit under company law, and is eligible for independent examination, il is my responsibility lo.. examine the accounts under section 65 of the Charities Act (Northern Ireland) 2008-, follow the procedures laid down in the general Directions given by the Commission under section 6519)(bl of the Charities Act,. and slate whether particular mallers have come to my attention. Basis of Independent Examiner's Statement I have exarnined your Company accounts as required Ljnder section 65 of the Charities Act and my examination was carried out in accor(Jance with the general Directions given by the Charity Commission for Northern Ireland under section 6519)Ib} of the Charities Act. My examination included a review of the accounting records kept by the Company and a comparison of the accounts presented with those records. It also includes consideration of any unusual items ar disclosures in the accounts, and seeking explanations from you as Company trustees concerning any such matters. My role is to stale whether any material matters have come to my allentian giving me cause lo believe.. that accounting records were not kept in accordance with section 386 of the Companies Act 2006; that the accounts do not accord with those accounting records. that the accounts do not comply with the accounting requirements of section 396 of the Companies Act 2006 and with the methods and principles of the 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 (FRS 102}', and that there is further inforrnation needed for a proper understanding of the accounts to be reached. Independent Examiner's Statement I have completed my examination and have no concern5 in respect of the matters (1110 {41 listed above and, in connection with following the Directions of the Charity Commission for Northern Ireland, I have found no matters that require drawing to your attention. This report is made solely to the Company's Tru51ees, as a body, in accordance with section 6513}la) of the Charities Act {Norlhern Ireland) 2008 and regulations made under section 66 of that Act. My work has been undertaken so that I might slate to the Company's Trustees those matters l am required lo state lo Ihern in an Independent Examiner's Report and for no other purpose. To the fullest extent permitted by law, I do not accept or assume responsibility to anyone other than the company and the Company's Trustee5 as a body, for my work or for this report. Page 6
Compassion Belfast IA Company Limited by Guarantee) Independent Examiner's Report (continued) For the Year Ended 31 December 2022 Signed.. Dated= 8 September 2023 Brian Clerkin ASM {Bl Ltd, 4th Floor, Glendinning House, 6 Murray Street Belfast, BT1 6DN Page 7
Compassion Belfast IA Company Limited by Guarantee) Statement of financial activities (incorporating income and expenditure account) For the Year Ended 31 December 2022 Unrestricted funds 2022 Total funds 2022 Total funds 2021 Note Income from: Donations and legacies Charitable activities 36,662 18,607 36.662 18,607 26,267 16,888 Total income 55,269 55,269 43,155 Expenditure on: Charitable activities 51,263 51,263 53,400 Total expenditure 51,263 51,263 53,400 Net movement in funds 4,006 4,006 (10.245) Reconciliation of funds.. Total funds brought forward Net movement in funds 11,169 4,006 11,169 4.006 21,414 (10, 245) Total funds carried forward 15,175 15.175 11.169 The Statement of Financial Activities includes all gains and losses recognised in the year. The notes on pages 10 to 17 farm part of these financial slalements. Page 8
Compasslon Belfast IA Company Limited by Guarantee) Registered number.. N1027662 Balance Sheet As at 31 December 2022 2022 2021 Note Fixed assets Tangible assets 4.471 5,962 4,471 5,962 Current assets Cash at bank and in hand 13,403 7,907 13,403 7.907 Creditors.. amounts falling due within one year {2,7001 (2, 700) Net current assets 10.703 5,207 Total net assets 15.174 11,769 Charity funds Unrestricted funds 15,174 11,169 Total funds 15,174 11.169 The Company was entitled lo exernption from audit under section 477 of the Companies Act 2006. The members have not required the company lo obtain an audit for the year in question in accordance with section 476 of Companies Act 2006. The Trustees acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and preparation of financial slalements. The financial statements have been prepared in accordance with the provision5 applicable to enlilies subject to the small companies regime. The financial statements were approved and authorised for issue by the Trustees on 08 September 2023 and signed on their behalf by= Pastor Stephen Thompson {Tru51eel The notes on pages 10 to 17 form part of these financial statements. Page 9
Compassion Belfast (A Company Limited by Guarantee) Notes to the Financial Statements For the Year Ended 31 December 2022 Accounting policies 1.1 Basis of preparation of financial statements The financial statements have been prepared in accordance with the Charities SORP (FRS 1021 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 IFRS 1021 leffeclive 1 January 2019). the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) and the Companies Act 2006. Compassion Belfast 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 staled in the relevant accounting policy. 1.2 Company status The Company is a Charitable Company limited by guarantee. The members of the company are the Trustees 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 of the company. 1.3 Going concern The Trustees of Compassion Belfast have reviewed the resources available and believe that the charity has adequate resources ta continue in operational existence for the foreseeable future. Accordingly, Compassion Belfast continues to adopt the going concern basis in preparing the financial statements. 1.4 Income All income is recognised once the Company has entillemenl lo the income, il is probable that the income will be received and the amount of income receivable can be measured reliably. Grants are included in the Statement of Financial Activities on a receivable basis. The balance of income received for specific purposes but not expended during the period is shown in the relevant funds on the Balance Sheet. Where income is received in advance of enlitlemenl of receipt, ils recognition is deferred and included in creditors as deferred income. Where enlillemenl occurs before income is received, the income is accrued. Where the donated good is a fixed asset. it is measured al fair value, unless it is impractical to measure this reliably, in which case the cost of the item lo the donor should be used. The gain is recogni5ed as income from donations and a corresponding amount is included in the appropriate fixed asset class and depreciated over the useful economic life in accordance with the Company's accounting policies. Other income 15 recognised in the period in which it is receivable and to the extent the goods have been provided or on completion of the service. Page 10
Compassion Belfast IA Company Limited by Guarantee) Notes to the Financial Statements For the Year Ended 31 December 2022 Accounting policies (continued) 1.5 Expenditure Expenditure is recognised once there is a legal or canstructive 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. Expenditure is classified by activity. The costs of each activity are made up of the total of direct costs and shared costs, including support costs involved in undertaking each activity. Direct costs altribulable lo a single activity are allocated directly to that activity. Shared costs which contribute lo more than one activity and support costs which are not atlribulable lo a single activity are apportioned between those activities on a basis consistent with the use of resources. Central staff costs are allocated on the basis of lime spent, and depreciation charges allocated on the portion of the asset's use. Charitable activities and Governance costs are costs incurred on the company's operations. including support costs and costs relating lo the governance of the company apportioned lo charitable activities. 1.6 Tangible fixed assets and depreciation A review for impairment of fixed as5el is carried out if events or changes in circumstances indicate that the carrying value of any fixed asset may not be recoverable. Shortfalls between the carrying value of fixed assets and their recoverable amounts recognised as impairments. Impairment losses are recognised in the Statement of Financial Activities incorporating Income and Expenditure Account. Tangible fixed assets are carried al cost, net of depreciation and any provision for impairment. Depreciation is provided at rates calculated to write off the cost of the assets, less their estimated residual value, over their expected useful lives on the following basis= Long-term leasehold property Plant and machinery Motor vehicles Fixtures and fittings 4°/. Straight line 250/. Straight line 25 % Reducing balance 25 % Reducing balance 1.7 Debtors Trade and other debtors are recognised at the selllement amount after any trade discounts offered. Prepayments are valued at the arnounl prepaid net of any trade discounts due. 1.8 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. 1.9 Liabilities and provisions Liabilities are recognised when there is an obligation at the Balance Sheet date as a result of a past event, il 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 lo settle the debt or the amount it has received as advanced payments for the goods or services it must provide. Page11
Compasslon Belfast (A Company Limited by Guarantee) Notes to the Financial Statements For the Year Ended 31 December 2022 Accounting policies (continued) 1.10 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. 1.11 Fund accounting General funds are unreslricled funds which are available for use at the discretion of the Trustees in furtherance of the general objectives of the Company and which have not been designated for other purposes. 1.12 Critical accounting estimates and areas of judgement Estimates and judgements 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. Critical accounting estimates and assumptions: The company makes estimates and assumptions concerning the future. The resulting accounting eslimales and assumptions will. by definition, seldom equal the related actual results. The estimates and assumptions that have a significant risk of causing a material adjustment lo the carrying amounts of assets and liabilities within the next financial year are discussed below. Income from donations and legacies Unrestricted funds 2022 Total funds 2022 Total funds 2021 Donations Grants 32,322 4.340 32,322 4.340 19,277 6.996 36,662 36,662 26,267 Income from charitable activities Unrestricted funds 2022 Total funds 2022 Total funds 2021 Fundraising activities 18,607 18.607 16,888 Page 12
Compassion Belfast (A Company Limited by Guarantee) Notes to the Financial Statements For the Year Ended 31 December 2022 Analysis of expenditure on charitable activities Sumrnary by fund type Unrestricted funds 2022 Total 2022 Total 2021 Support Costs Staff Costs Depreciation 26,337 23,435 1,491 26,337 23,435 1.491 22,382 29.031 7,987 51,263 51.263 53,400 Independent examiner's remuneration 2022 2021 Fees payable to the Company's independent examiner for the independent examination of the Companls annual accounts 2,700 2, 700 Staff costs 2022 2021 Wages and salaries Contribution to defined Gontribution pension schemes 23,102 333 28.060 971 23.435 29.031 The average number of persons employed by the Company during the year was as follow5.. 2022 2021 No ernployee received remuneration amounting to more than £60,000 in either year. During the year, no Trustees received any remuneration or other benefits. Page 13
Compassion Belfast (A Company Limited by Guarantee) Notes to the Financial Statements For the Year Ended 31 Decèmber 2022 Tangible fixed assets Long-term leasehold property Plant and machinery Motor Fixtures and vehicles fittings Total Cost or valuation At 1 January 2022 194,608 30.413 11,520 38,281 274,822 At 31 December 2022 194.608 30,413 11,520 38,281 274,822 Depreciation At 1 January 2022 Charge for the year 194,608 26,S20 974 9,451 517 38,281 268,860 1,491 Al 31 December 2022 194.608 27,494 9,968 38,281 270,351 Net book value At 31 December 2022 2.919 1,552 4,471 At 37 December 2021 3,893 2.069 5.962 Creditors: Amounts falling due within one year 2022 2021 Accruals and deferred income 2,700 2, 700 Page 14
Compasslon Belfast (A Company Limited by Guarantee) Notes to the Financial Statements For the Year Ended 31 December 2022 Statement of funds Statement of funds - current year Balance at 31 December 2022 Balance at 1 January 2022 Income Expenditure Unrestricted funds General Funds all funds 11,169 55,268 (51,2631 15,174 Statement of funds - prior year Balance at 31 December 2027 Balance at 1 January 2021 Income Expenditure Unrestricted funds General Funds all funds 27,414 43. 155 (53.400) 71,169 Page 15
Compassion Belfast (A Company Limited by Guarantee) Notes to the Financial Statements For the Year Ended 31 December 2022 10. Summary of funds Summary of funds - current year Balance at 31 December 2022 Balance at 1 January 2022 Income Expenditure General funds 11,169 55,268 {51,2631 15,174 Summary of funds - prior year Balance at 31 December 2021 Balance at 1 January 2021 Income Expenditure General funds 21,414 43, 155 (53.400) 11,169 11. Analysis of net assets between funds Analysis of net assets between funds - current year Unrestricted funds 2022 Total funds 2022 Tangible fixed asse15 Current assets Creditors due within one year 4,471 13,403 (2,7001 4,471 13,403 (2,7001 Total 15,174 15.174 Analysis of net assets between funds prior year Unrestricted funds 2027 Total funds 2021 Tangible fixed assets Current assets Creditors due within one year 5,962 7,907 (2, 700) 5, 962 7,907 (2. 700) Total 11,169 11,169 Page 16
Compassion Belfast (A Company Limited by Guarantee} Notes to the Financial Statements For the Year Ended 31 December 2022 12. Pension commitments Pension contributions paid by the Company for the reporting period amounted to £90212021.. £9711. 13. Related party transactions The Company has not entered into any related party transaction during the year, nor are there any outstanding balances owing between related parties and the Company at 31 December 2022. Remuneration of £2,659 was paid to a family member of a Trustee during 202212021= £8,508). Page 17