REGisfERED CHARITY NUMBER: SC(M9099 FINANCIAL STATEMENTS FOR THE YEAR ENDED JI DECEMBER 2024 COMPASS CHILD AND FAMILY SERVICES Henry Bromy & Co Chanered AeevJThtants & Regi#ered Audiiots ?6 Portland R(od Kilmank AylTe KAI 2EB
COMP$ CHILD AND FAMILY SERVICES FTHE FINAN R TIIE YEAR ENDED IAL IDE ATEME E.MBER 2024 Page Rewt of the Trnsttts Report oftht llldtpe•demt Al•T5 Stat¢we•t of P•iili•A io ststenl of C¥h TrIow5 N•tes to Iht StsttTrent olC#sh FI7 12 N•t¢s to ihe Fl##¢ll •1¢)¢ 13 19
COMPASS CHILD AYD FA.MXLY SERVICES EPORT OF THE TRusfE The ITuses we5enr iheir rep)rt with the financial stalcmtnts of thE chariiy for the ye¥ ended 31 Deceinb¢r 2024. ITUStees have thknpted the provisions of Accounling and ReIng by Charili¢s'. Sratement of Rccommcndlyl Praciice applicllble to charities preparirts their xcounts ith accordance with the Financial Keponing Stsndard applTrcable in the UK J R¢public of Ir¢lAt¥J {FRS 1021 {cff¢rtivr l J#u2019 OF.CT1vs AND AcrivrriFS Obje¢dvt$ alms Comp055 Child and Family S¢rvic¢ prDYides ffsidenl pl¥¢mertts c behalf of local authoriiies aeross the Uttited Kingdom throu8h medium to kbNg.ietrn tesideniial plesn¢nts fw ¢hiklren and youn8 wplea8ed 5-18. Key IY)j¢rlivr51Artivities arv.- . continued developmEntof our iTh[VatIVe lJauma iAfwrlled rnodeL . the urgani%atiDn$ Eomrnilnnl lo thr thgoing dev¢loffti of I r#r4gemenl ttam. . ongoing training aj development of the aff¢trn 1th1 CthwThild Family Sayice. - devtioweni of and mauitainin8 heNtYks and laIM)nShIpS with Lwal Authwiiies. - Compass CThild and framity Stswices have exwiertced mwtnxni team. . Ccrfnp3ss Child and Family Service have a d1vce 5Mff tearn. The fcam a wlc rnnge o( dev¢loprncrtal tyairting opyirtuniiies. - Cornpa4s Cljild Famkty Services have &xess to input from g Clinical Psy¢hokn8ia. - Comp$ lId and Famity S¢rvicu owrLs Iwo wowtie& - Cornpass Child and Famity Services have acce5S to financ Sup1 from the KJSH Vcrbund. - Comp&ss Child and Family knicc5 ha a trwing r¢laiion5hip with Corya55 CFS lthnd wbi¢h alhws Ihe sharing of ex1$¢. exwitrtt and regwff¢s between the seThitts. - Conyass Child •ttd Famity Sttvices have devtl¢wing Yelatiottships with I(1 Collem SclMJo15 and Hralth SErnri¢¢s. Page I
CO.MPASS CHILD AYD FAIMILY SERVICES PORT OF THE TRUSTE ACHIKVE,1IEIYT AND PERFORmNcE Chirltable arl(vltle5 2024 has been a posiThvt year for Cmpass CFS. The objecti%rs a5 5Ct out Tll the 20?3 annv•l Yewn have largely been mct andlor are still putsued Into 2025. Tr fiN half of theyear Seen a redtion of referrdls amss the s¢¢¢or in Scotlan(L caused du¢ ¢0 budg¢W prEIT perIen¢t by lttal •uthoriiies LOW8tds the •J the fllwicial yeaT. This impatted Ihe projected ¢UP¥l]0n levek for the )rar. The plan highlighted in 2023 anThJal repor( delOpg an inthpen&At living 5VFVOrt JrTrngcment will not [tted the to LothS Authority unwi51sDg fiLTKI the proJ¢¢i. Duriiig the year 1024, on fLKX of a SL'Otlish &btrtrmment wlicy decision increase •ges fot froniline x)¢i•l cawr aff a¢wss the secior. Compass CFS has Implemen • fee iffr¢a5¢ for qualifying rc5identi&l pl15. This iDflJted thr turnover for the CDrnpany by 5.9•/• from April 2024. the ce in¢T¢8S¢ for qualtfying placeTwils. In turn, Staff costs kave risen by aveTa8e of 6% %tKe April. Ov¢rall. OPerniiL)nlll IuTnovEr for thE yrar h&5 fr(¥n £689.398 in 2023 to £1.10&973 in 2024, an incr¢ase of6Wo. Salary costs and other cxpensc5 for the year stayed within proicdcd rulmin8iing £110.239 in expcnscs, final result for 2024- £98,734. signifKa etTorts have m•le thm¥glv)ui 2024 io 04d ¢stsblishwg Fwitive rt131ionship5 H'ithin lh¢ lorjl aT¢4. Cory155 CFS 5crvice5 or¢ rder¢¢j by 3 Livl AutlM)ritivs. I'hete h&% beets no itwections w ling carritil olli by th Care Inspeckjrale in 2024. Taish Araich Trmintains • 5 8rade . very good. Ongoin8 Continues engaging with Ihe KJSH YeThd minimum thdJrd5 for the prot¢¢iion from Isexuali5¢d) Yiolente. Compass CFS is irt the process of bertchm&in8 exercise betsvttn cunrnt TXbli¢ies and pwtitts and the rrdnwtrk. FIYAINCIAL REVIEW Prindpal fundlng sources comp Chi14 and Farnily SeThices have wovided serviee5 .. .Ciunbria County CourKil (En8landl -AbcTdeen City {ScoliaJ} -Easi LA)thian Cowi¢il lkntjard) -East Ayrshir¢ c(1¢11 (S¢otJ>nd) -Nonh Ay¥shire cl¢11 (scotla1) COmpchIld al Farnily ScrvicE5 rrccivc5 [enlS frDm nM>si Scollish k>cl wthoritiC5 ond a nurnbcr in EA8land Reser¥e5 poIIcy li is ihe policy of the charity to mainthin unresiricted funds at a icvcl whith would allow the charity io ¢Mibnue to opcrnt¢ for a period ofat lea three r[Lon. The cknity i5 ppoTted by both comp CFS Ireland and LISH. As part of obligations, Y¥Ja1Iy &8 well colkciivety. as iruees ofcompass Child Family Services ISCIO) we have actively ron5i¢knd the going cOeM 4)f the organisatM. W¢ wi&rthk¢ continual r¢¢W of the fm4nciHI sitt)n of the or8wisaiion ith¢ludin8 d¢thiled review and con5iderntK)ng ofihe fi¢17 p(li10Th ofcompass CFS. Based on this. li is our opiniun ihw 1¢ 1$ aPFYopri*e 10 pfqMTe ihe ¥¢tyJnts of Comptss thild and Family SuviC SCIO on goin8 con¢¢rn basis. Pdge 2
COMPASS CHILD LYD FA.MILY SERVICES PORT OF THE TRusfEES FINAf4CIAL REVIEW Fund$ 5ll dtllclt At the balot)ce shed dth tbe unrestrKted funds sIRd a defxil of £19&328 ihere is however #n OV¢TiII Surplus of £234.673. Th¢ ¢hrity mee1$ It$ d•y 10 thy c•sh flow obli8alion5 thrwgh the suswtyt of a sisr chanty in Ireland Com Child Fajnily 8Ervicts ICLG). Compas3 Thild aNi Farnily Ser¥ices (CLG) provi¢kd a 103n io the charity duriii¥ the year which has a 3 yearThrrfBlorium on rqMYlts. FUTURE PLANS Obj¢¢uvts for Ihe ytar 2025 8re ¢l¢aTty idtniified: 15 055 th¢ iwo midenii•l serviees rernain at asre kv¢15 throuyhuui Ihe year. The resuliin¥ hiBhcr lurnovtt will fwthu 5tabilix ih¢ fJftarKf41 posiuon of Compass CFS in 2025. 11 is plantled to identify a funhEr proF¢rty to ¢)FA her re5ideots.al service in 2025. bas on d existing nM)del of care. Ikfflly in a th"ITeretti regiohal area. No irttome has been pmjeffled for this servitt fow Ihe year 20?5 as suth serwice mighi only b¢coTT% opEr41ional at th¢ JaTL¢T ¢nd of 2025. Thi5 thv¢lopyrKni M'ill IEquiR inVLstsnEnL In Ihe region of £650.0. These m¢mi¢s Drc rcquircd to purthw and upgrade & WOrY 10 5ali5fxlory IlIding rontrol 5nd•& aTrJ lo nLit 4 new Slaff team prior10 onIn& A funher obje¢iiv¢ for 3025 is io exploTe th¢ req1 from sOh AywshiR ¢QULKiI ttwding the d¢v¢lopnnI of a fostcring r¢5PLte scrvice. This.¥m'ice would closely rnirr(w nmxlel utilised in the r¢5i¢kntid knusts bowever li Wld provide a service ID foster children aTrJ their fAmilies in rer the iA)c81 AutlM>rity. A risk to be effftsithred is a slowdown of fefena]s to the services due 10 the eurreni economic 11Trjapc wiihin Ihe UK. Thi5 risk 15 miiigd by thc high occwcy Icvcls in each hwse rhe lOng-Ic natur¢ of th¢ placcment5. Ihe wde rea¢h 0fL(rtnpa CFS XD)55 the UL the Fosirive ItLl[loO of ex11n services esthlishtd r¢latiMships with commissionin8 trams ind the lbiliry to be nexible #nd 1Ve to any challen8es that oceur also mrtigates risk of redtion irt referr81s. The UK as a whok and Scotland as a of the UK f¥c tha]l¢nginR ¢¢(Orni¢ rimcs. resulting in b1getary deci$iott from kK>lh ihe UK and Scottish governmenl. This may le>J lo fuftkn ¢ost increases for bu&r*5s in Scotljnd rt18ttd ID taxation and Social InSurar5. which wtyjld need to te refinaled. STRUCTURQ COVEILYANCE AND MANACEIIENT Governlng dotument Compass Child & Famity Servi¢es UK Is¢on#it as¥ Scottith Cknriubk Itt¢d Vrganisation {SCIO) 8$ governed by the Charitie$ and Trnstee Investmeht (Scotland ) Au 21MJ5 in with the Scthish arItable InCO)0rdtcd Or8aftisations Re8ulaiwJns 2011. REFERENCE AND ADMINISTRATIVE DETAIIS RegI51ert Charlty nurnber SCO49[9
16FortknlRwJ KAI 2TrB
HE kYDEPE.%D&Yf A DIT RSTOTHKTRUSTEESOF "o.mP CHILD A.ND FAMILY SERVICES We havc audited Iht fLnsncial statements of Cornp Child and FllY Services Ilk charity'l for th¢ yeor en(kKi 31 tk¢ember 2024 which ¢omprise the Swem¢n¢ of FiTharfial Activities. Ihe Statenrtt of Fin&ntial Position, the Stalefflenl of Cath Flows aLyJ noies to ihe financial 51atemenis. including a summary of sigThificaM xcountln8 puIKies. The financial re)rting framewo that has been applied I11[ p[epara1i is applicab law and Unid Ac¢oun¢ing SIAndaFds {UDiknxl Kingdom Gcllrrnlly Acrrptwj AGrounting Prnetl. In 0pInIon the financial ststemerts: give a tnJ¢ and fair view of th¢ state ofihe thariil$ affaiws a$ 81 31 D¢cefflber 2024 aTra of its inLY)ming 5ulE¢S oppli¢o1ion ofr¢wuK¢s for Ihe y¢aT then ¢nded- hair been propcrly prepwed in accordancc with Unlred King<knn (i¢Thty Ac•¢d A¢¢¢11% Practice; and have been prw in ¢0[r% wilh the Tquirements of Ihe Chariiigs asMI TnAst¢t Invwmen¢ IS¢olla) Aci 2005 and Regulation 8 of ihe Charities Accounts {ScoilarMI) Rc8lllatiorns 2N6. BAJls for oplnlon W¢ ¢ondu¢i¢d ow outh"i in a¢¢ordart¢e wrth Inknnational Sthndards on Auth"iing (UK) (ISAS IUKII 4)d aMJlicabbe law.. Our S$1bIlitieS those standards a fijrther destrilth in the Auditors. re5rxinsibilities foT The audit of the finantial sratemcnis 5ecrion of our rw. Wc arc iThle1¢Dr of thc chariiy in with lh¢ dhical lequ1JnthIs Ih81 are w¢l¢vani our audit of th¢ financial slatcments ith Iht UK. including th¢ FRCS Eihical and wc havc fyifilkd oui her eihiul resp¢m5ibiliti¢s in a¢¢ordanc¢ with these requiremen We believe the audit evidence we have obtsined is suificieni and appropriate ro Tmvide a basis fLY our opiniL CoMelu5i•ns reltlllE t• pinE toThttt• In abdiiing the fiN4rt¢ial h8vc ¢M¢luthd Ilw th¢ ffityiee of the 8oinga¥rKeTr basisof DrcouThlIg in th preratIon of the finan¢i#l S¢aiemffits is aFyTOPIiOTe. Bed on the work we have perfonyd. we have Mi thniified Y rnerial uocertaThies rriating to ¢veni$ or ¢onditioThs that. individually OT rolknivdy. tnay cast 51vLfl doubL on tht tharliS ability io continue as a going ¢onc¢rrt for a p¢riod of at l¢a5t twel rnonths fr¢)m wlrn tkn fIrncl1 sratemeDts aT2 auihorL%ed foriwje. Our respmsibiliiies and lh¢ respolbIlitIeS of Ihe truMee5 wirh Boing concern arE dr5¢riid irt thc kvIn[ S15 of this rcport. Other Ihformd• The fftises are sPs11)It for the other inf0mli0. The olkn inforynalioD comprises the infowm#iiort included in the Annual Reporé. other Ihan ihe finan¢ial y8i¢m¢nts and oyr of the IrMleFthi Audi10 theon. Our opinion on the fjnancial staiemeAts thxs nol ¢oYer the olber informakn artd. txcepi io ihe ext¢nt othovise expliciily siared in our report. we do express any fomi of awjrance COTKlusitin ihereon. In connection with WT audii of thc Financial 5tst¢rwtt& OUT fcSFKXW5ibilily i5 to rcad Ihc trthct Infornirtii(m and. in doing 50, consider whether the other InfCrnl0n is tnaterially inconsisnt with the fLnJncil statemthts or oknr knowledge obiained in the audit or oiheLwise aearS ro bE ma*fially mi&4atyJ. Il we identify such Maal incw5jStencies DI apparerti material misstat¢meni& 'e are requittd th deiemiitt ether this gives rise a material missenI in rhe fmanci81 staiem¢n15 themselS. If. based tm lh¢ work Ive we conclude that there is a material missiatemtnt of rhi5 other infOat1 we dre requiredio reEM)rt thai fttL We have nothing to rwrt in thi5 gIL Matttrsoth wo r¢q¥lrtd t• repwt by ts¢epii•x We have noihing report in respeci of Ihe following ta5 whcTe th¢ CThoritics A¢¢owiis {Scodandl Regulations 2(K)6 requires us to report 10 you if. in our opinion= the irtfommiiort 8iven in the Rewxt of is incnnsisient in material ¢h¢ fitsaD¢ial $latements' or proprr accountin8 recor& have no( been kepi: or Ihc fin)101 siw¢m¢nts Jre tx% irt JRr¢¢nKnt with iht TrE1n1 Ttcords or w¢ K¢1Yrd 11 lh¢ [o[l[lin and WyltiTlprts we require for a111. Pa8t 5
REPORT OF 771E IYDEPENDE74T AUDITORS TO THE TRUSTEES OF OIIPA8SCHILD AND FAIMILYSERVICES Respow5ibilbti of As explajrted m(PTe fully IA the Siaiemeni of TnLStges' R¢SnSibilitieS the mthe5 tesp(msibk for the pre110 of the rinancial stalements which give a] fair view. and foi sh iniem81 conivol as Ihe tNste¢s detrmiioe 15 neiessary to cnable the preparaliLMJ of financial yatemcntsihat are frce from maieiial mi$stat¢llKnL ththL¥ due 10 fraLMi (w ¢rrDr. In th¢ finwKi•l stswlen th¢ iNses gre re4Th5ibk for assessing Ihe chan'tys abiliry ro coniinue a5 a goin8 c(MJcern, diSCklnB as applIcblE, rtialters relaietl 10 going eonc£rn And Lsin8 the goin$ corbcern basis of ¢ounting unltss Ihe truMce5 either intcrKI liquidate thc charity or lo (xa5¢oprrntiDn& or havc rralL5lic alkmalLve EALI do 50.
REPORT OF THE INDEPENDENT AUDITORS TO THE TRU COMPASS CHILD AND FAMILY SERVICE Omr respomslbllillp5 f•r the Audlt of thp sllemtnts We have be¢n ¥ppoint¢d as I11101$ undet S¢ciioth 4qlllc) of the Chariiies and Truee Invesunem (S¢oiJand) A¢1 2005 aThJ rep in accordance wilh ihe Acl 8j relevani r¢gulaiion5 madc OT VIng ¢ffffj therwsrwjer. Our objectives are io obtain rea$(able awrance alt whether the fla1 statcD)tnts as a whole ate free from material miswiemerti. whuh¢r due 10 fydud or ern)r. ad 10 i&8ue a Rert of the Independent Auditors that iNcludes Iwr opiniun. Rwdsob]e assuranLY is a high level of assuonce. is noi a gtsar8rti¢e ihai an athjit ¢(mdu¢ied in a¢crff&nce wilh 18A IUK) will alway5 dElecl a m¥ithal mlssthtentsI it exislk Misstrterncms ¢an ari5E fTDm or ¢tTor and ar¢ ¢onsidered material if. LThlividually or in a8&a. Iky ctyjld rcasmabty bc ¢Kprfied t(p influefftce Ihe ttonomic decisions of userstskett ott the of these fin3ncKal stttemthts. Tbc exieni to whi¢h our pror¢dw¢s are (apdble of dttcuinz irrtBularitie5. inclwding frdL¥J is deiaikd below: In id¢ntifyin8 and S5551n£ risks of m4trrial in to wr¢gul4viti in¢lyding fraj and non40mpliaKe with laws & regul•05. cided the followins.. -Ewuirics of managemeni. irKluding aThJ r¢vi•VU 5UPPLKtirtg thum¢rttstior4 eoncerning the polio¢5 Ind proccdurcs rci81ins EO: - identifying. evaknaling a1 cornplyin8 with laws aNI reBulaiM)$. - whcthcr ihey re awarr of any in¥lancu of nonrfomplianrr. As with 411 oudiis [oM)ed unthr ISAS {VKI perfomxllce of procedure5 to rewNI to the risk of tbe m#)aBemeni ov¢rrid¢ of ¢On¢ToL8 We obtsined )n uJthsModirt8 of the lesal regulatwy rramewkS in whi¢h the SCIO operaies. foo57n8 on Ih¢)se 144¥s whirh had & diT¢¢I erred on ihe maLErial balan aThl dis£kyeS in SCI(Y5 fiiian¢ial stalement& Kcy la & regulation5 consi(kred in this ntext arc". - Aceourtifftg and RepMin8 by Charities.. &n)eDi of RecOmMed Praaice applicable lo charities preparin8 their ac¢ounTs in xcordance w¥h Fin¢io1 R¢pMin8 Standard appliabk in the UK and Rcpublic of Irrland IFRS 102 (cftec12v¢ l Jonuxty 20191. - Charities AccouDlS (Scotla4) kegulatx)ns 2( In addition. we ¢ons¥Jered otkn laws & tt8ulaiMs Ih81 do noi ha¥r * dirth effecl th¢ fimncial statement& b1 compliance 15 necessary for thc cc#lliThued cpcMion5 of thc Chariiabk CLY. orio avoid a mrial Fnahy. Chjr proErdur¢5 to 10 th¢ risks ideThifKd ivJ¢l¥kdth¢ followio - Reviewing Ihc financial 51al¢mEnl di5doswrE& tr51ing to 5UPWting thutnthtalion. - Enqvirin8 of mana8¢mcnl cMceming any actual or potential litigwion OT claims_ - Reviewing mi#ut¢s ofrn¢¢tiny of th¢)5¢ cbarged with 8ovLYttan¢e. attd e0rre5pThbJCewith MMRC and OSCR. In Ihc aSScssnl of the risk of fraud through mana8an¢ni of con¢rol& we h>v¢ tested ¢he appropriaiencss of journal entrics. assessed wkthtr ]ements made in Ihe SCIO mllking 8rcounting ¢51ima1&5 indicative of a poierntial managemertt bias. attd ¢valuatrd th¢ business twi11¢ of w sibrnifK8nt Iran58elions thal wc outsid¢ th¢ nom41 ¢ourse of business. enlrty that were ¢irary to 8Fvii¢•bk laws #NI re8ulatim4 includi1 rd. A further des¢ripuon of w r¢spon$ibililies for the audit of the finatKial swements is l(Kaied the FinanErdl Reportin8 Council's wcbsite at www.frc.i)rg.uklaudi¢owc4)tPnsibilili¢% Thi5 dc5rriOioD fowwrks pon of ow Rert of thc lTh(kpend¢thi Auditors. g¢7
REP RTOF THE IYDEPEYDEKT AUDfTORS TO THE CO%IPASS CHILD A.YD FA.%11LY SERVICES Ust ofour rep•rl This T¢EK)rt madc solely lo thc rharitys 45 ) I. in ¥¢(th¢e with R¢8u]lltion 10 of ihe ChariTies Accoullls (Scotlandl Regulath"on5 20LN5. Our #udii w¢*k lJ¢rn underfakert so th21 we mi8hi to Ihe charity's Irusiee5 Ihose matters we are required 10 Mare to them in an audiiDT5' feFffl and f¢Jr oihff pu4M)s¢. TD the fu]lesi exleni perniitted by law. w¢ Dol assume re4Msibility to anyonc othtr Than the charity and thc charity's tru5ttx5 as a kndy. for o audii work, for this rep1. for th¢ Iyiniorfj w¢ hoY¢ frm•J. ry Brown & Co Chartered Atcoutthiis & Re8istrred Auditors 20 PLTrrtland Road Kslmarnock Ayrthir¢ KAI 2EB 10 April 2025
COhlPASS CHILD AND FAMILY SERVICES srATE,%IENT OF FI.%AYCIAL ACTIVI IE YL4R E,YDED IDE LIIIBLR 2024 2024 Total fund5 2023 Total nds unIts1r1cd Resiricled Notes IIYCOME AND LYDOWMEYfs FROM Donaiions And legacies 517.019 Oihcr trading activities i.iot.973 1 10&973 68Y 398 Tothi I21417 EXPENDITiIRE O.Y CharitHble attivities ProYi5LOn of Care 1.021.472 1.021.472 754,403 her Jl,233 112331 7.184 Tol•l 1010239 761 $87 NET INCO.ME 178,134 178,134 444,830 RECONCILIATIOIY OF FUYDS Trrtal fvnds byou8h¢ forward 1376.4621 4J3,(K)I $6,539 (38A.2911 TOTAL FUIYDS CARRIED FORWARD 433.iMJI 234.673 Tht notss fonn ppn of fin¢71 s4t¢mertrs Page9
765. 8L)3.927 175.1&S 175.186 IID 145 579 cast) iohud 295JJi 2>5JYI 119.278 gJ93) 179.893) (44J6TI 215 1 911 l*lABILmE8 245325 765.757 879J3LI {444W3) CJ32. (777.4C8) 182J.2991 433 134.673 339 15 (198J281 (3A4621 433 1 433AII 234 Pylo
COMPA&S CHILD AND FA,MILY SERVICES STA TE.MENT OF CASH FLOW'S R TIIE YEAR ENDED IDE EMB£R1024 2024 2023 Notc% C$b nows from •pwatlng a¢dYltlts Cash generated fnrnn oF¢raii¢)ns Irhieresi tId 108.312 27 190 492.013 25.220 N¢1 cash wovided by op¢rdiing auivitiC5 81.122 C•slb Ilows fr•rn Stsvestl#È rtlvltles Puhrt of iangible fixd assets 451658 Ilet Cthsh pmvidd by1(j in) investing 8cti¥'itics 4516581 Cish flows fin¢1% i¢t5v116es Loan repaymertts in year Net Cll5h used in financing xtivilics 15.3561 Cban8t cash tqDlvakTrts In rhe reporrfn¥ ptrhd Cxjh rask cquivaltnts xt tht bc¥iwniNg of tke reportiMR perlod 65.766 9.355 Cash nd éqlllvalonts It the end of ik reporllng peTh)d 120.145 The of these finwKial stht¢rr*ty Pagell
COMPA&S CHILD AND FAMILY SERVICES NOTES TO THE STATEMEYf OF CASH FLOWS R TIIE YEAR E.YDED EMBER 2024 RECOiYCILIATIO,Y OF NET IYCOME TO NET CASH FLOW FROM OPERATING ACTIVITIES 2024 20?3 Net l•¢•m¢ for th¢ rep)rt18 ptrl& Sttw¢Dt•f A¢tfjvlllesl AdJustmen15 for. tkprecialiDn chzrge5 ItLtffC5t paid (lrt¢reasel.decrease m dei0 Increase in Creditors 178,134 444.830 7283 27.190 (I IO2871 5,992 5.741 25.220 5.730 10.492 tytt ta5h provkled by •peTatl•D5 108.312 492.013 YALYSIS OF CHANGES IP4 NET DEBT Ai l/lQ4 Crth INIW Ai 31J12124 Net ¢$ Cash al bank and in haNJ 120 145 54.379 65.766 120.145 D¢bts falling thTrE within l ye Debts falling due after l year (13224) 823299 (30,5341 143.7581 777 4091 836523 15 821 1671 T•rnl 701.022 The Mte5 fonn of th¢ fitw)ri415tJt¢ments Pagel2
COMPASS CHILD AND FA%11LYSERVICES TE TIIE FI JAL ATEMENTS AccouYrir4G POLICIES 19 of prep¥rl•g the fl••ndal 5tsteme¢)ts- g•ly ¢•n¢eT• The irust¢e5 of Compass Child 4nd Family Services ISCIOI xtively ¢]der th¢ posrtion on y)in8 t(CeM of the or8anisation und¢rtakin8 a review of the flnattial sIttlOn of the ownisaiion oll an ongoirt8 bas. a Including a detailed review a{ eonsithAtions of lis finartial p)S]u i)rt an atthual b&si& inc]ling a IlKYough cox analysis nd a cash flo. fLYr¢ foT ik puiod Endcd 31 DEccmbff X125. Ilased on the above the accoums of Compass C1Lild and iamily Services SCIO have been wepred Dn th Boing concern basis. Incon All income 1$ Yecogrttsed in the Sthtemertl of Fimncial ArtiVLlies once the charity h&5 entitlemfflt to thc full@ it is probable that incon will betteeived the rdiabty. Liabillli arc Tccogni5¢d as ExpcTrditur there is a Icgal or Yo11¢15¥t rtJli8aiion ¢ommitting th¢ ¢hArity to thai expendiiure. it is wbaNe th21 a tratsfer tsf etorwmic btnefjts will be re4uira1 in 5eiilemeni and ihe amouni of ihe obligation can be measured reliably. Frdire is %COUAd for ¢XL an accnw15 basis 3TKi has been elassifd under heath.ngs ihai aggregate 811 co (eJad caie8ory. Where costs cannc be dbTtdly allribulcd to partirul&r headin they have been allocated LO ti¥ll1e$ on a basis c57¥em1 the w of rtt5. Tangible fixed aysets Depreciat is provided ai ik folkJwin8 annual ratrs in orthrto off cach asset over ils eMimNd u$efiJl life. Improvtrn¢tLts io Prnkrty Moior vchKle5 IIPA on cost 25Y• on reducing balance Ta%atk) The cllarily i5exeThyi fTDrn l#X its d[]b a1Ville Fund otcounllng Unrestritted can be tssed in ¢ordantewith the clwiiable d>iectiYes at ihediscreiion of the irus. ReJlrKted funds can only be used for particu]¥r reriC1ed purpos within tk jeCts of th¢ Elwity. R¢stri¢tLQILS arise when specified by the {k)Th or when fijnds are Taised forparncular re&rricj wrposes. Funhcr expknation of the nalurr pUrW of fid 15 in th¢ $10 ¢he fu¥ncial siaternents. F•relEn oJrreAcie8 AxsEls and liabilitie5 in foteisn CUrleS trdnSlated inio ai the rates of txcknige rulin8 s¢•temeThi of firwKial poslti¢)n thi¢. Tr4n5xli in forrign vJThrrKi¢s arc Th¥nsla imo sierling ai Ihc r8ie of exchangt nhling at Ihe dak of transxbon. Exchan8t dLffueres are takeo into accouni in al¥lng at the oper18 rewlt. PeThsl•D costi and other r•)5tdlre1 be•efits The charity oprratC5 a dcfined contrikniion rKnsiim schwrt. C¢1r1bwIo5 pAy&blc ro the ¢h•ritYs POLsion seheme art ¢harg¢d 10 the Si¥tmeni of Financial Activitiu in the which they rdatc. Page 13 ¢oniiMu¢d...
COMPASS CHILD AND FAMILY SERVICES OTES TO TI1£ FINAYCIAL STATEMEN R TIIE YEAR EP4DED31 DECEMBER2024 - r•AtiAwtd I)ONATIOYS AYD LECACIES 2024 2023 th)Aabons SuNty irKome 69,556 514.019 3,(K>O 517.019 OTHER TRADING ACTIVITIES 2024 2023 Care income 1.108.973 689.398 CHARITABLE AcfiviTIES cosrs Supp)rt cosTs {see AC4e51 DJ"r¢¢i Costs T¢Jtals PD)visii)n of Ca 882.347 139 125 1,021472 SUPPORT COSTS Mana8emeni ¢0 Totals ProYi5ion of CMC 124.741 139 125 AUDITORS. REMUIYERATIOY 2024 2023 Fees payable io the thari$ audi1$ foT the I11 Dfth¢ ¢hariry'$ finaKial 5talcmcnt5 TRVSTEFS. REMUNERATION LYD BENEFITS There were no Irusfees. TEmuneral¥)n LY benefits for the yeareDthd 31 tkcembet 2024 for Ihe year cn&d 31 De¢¢mber 2023. Trn5tet&' expcn There were no In)stees' expen FAid for the yeaT en(kd 31 DrcembEr 2024 nor for Ihe yw 31 D¢c¢rntfr 2023. Pw14 conknnued...
COMPASSCIIILD AYD FAMI ILY SERVICES TFIF. FIYI A IAL TATEMEN FOR THE YEAR ENDED31 DECEMBER 2024 - COAlinutd STAFF COSTS 2024 2023 Wages awj salaries 5rfial securiiy ¢osts chr PLThion tosis 689.370 55.212 12.lJOO 467.541 37,734 756 582 514.184 Th¢ avtrnge nKmthly nwnberof empl1)eS durin8 yearw&sas follow5.' 2024 25 2023 Admini51fdtion care staff One ¢mploy¢e received ¢molwneO b¢twe¢n £.[1j- £69.999. COiMPA]L4TIVES FOR THE STATEMLNT OF FINANCIAL ACTIVITILS Unr¢sui¢ted fund Restricied rund INCOML AND ENDOWMEIYTS FROM Lknnaiion5 and kgxbes 94.422 422,597 517.019 TotAI 783 820 1206417 F.XPENDITURF. OY Charltsble a¢ilvlit¢s Provision of C•r¢ 754.403 754,403 7.184 761.587 14ET IYCOME 222J3 422.597 444.830 RECONCILIATIOY OF FU.YDS Total funds broughl fDTwaTd {398,6951 10,404 (388,2911 TOTAL FUIYDS CARRIED FORWARD 433.(Kll h8elS coThiinucd...
COMPASS CHILD AWD FAMJLY SERVICE TIIE FI.YAN IAL STATEMENTS- conti FOR THE YEAR ENDED31 DECEIIBER 2024 io. TAIYGIBLE FIXED ASSETS Jmwvemeots FreclK)Id Mthor wehleS Totals cogr At l January 2024 31 Ikcetnbtr 2024 765 757 3l.R17 816.808 DEPRECIATIOIY Ai l January 2024 char for year 9,986 2,895 12.881 7.283 Al 31 tklzmbrr 2024 NET B(M)K VALUE At 31 December 2024 765,757 18.550 796.044 At 31 De¢emtr*r 2023 765 757 803.927 DEBTORS: AITrIOVNIS FALLING DUÉ WITHIN OP4E YEAR 2024 2023 Tr4dc dcbtQT5 Other debior5 Prepayments and xcrucd incorne 162,W5 4.700 47.899 8.000 9.000 175 186 CREDrfoK8: A%lOUYtS FALLINC DUE WITHIN OYE YEAR 2024 2023 Tradt ¢redit$ Taxation social s¢¢uriiy Other crediiors 2.469 2J.t105 5.916 Pase 16 linued...
COMPASS CHILD AND FAMIL vi J OTES TO THE FI.YAYCIAL sfATE%IE FOR TIIE YEAR E.YDED 31 DECEMBER 2924 CREDrroRS: Abiourits FALLI.YG DUE AFTER MORE THAN OYI E YEAR 2024 2023 Other creAJilors LOAP45 An analysis ofTbe MairitY ofiogns is giv¢n b¢Jow: 2024 2023 Arnowiis falling duc wiihin onc ycar on dcrnand.. her kjons Amounts falling b¢11 on¢and hyo yfaT5: Other loons- 1-2 years 10.611 Am(wJnts falling duc b¢ThYcen and fwe y¢w3'. OLber loans- 2.5 year5 39.672 AmrALnts fallin8 duc in mrrt five yea Repayable hy insialrnents.. cktler loans rnorc 5yrs irsl 732.989 770.403 MOVE,MENT IIN FUNDS Nel movemeni in funds At 3111ZI24 Al SllQ4 UKr¢stylcttd General fund 76.462) 178.134 1198.3281 Resirltw House acqui*irion 433.(Kll 433.)1 TOTAL FUNDS 56.539 178.134 234.673 Nei rnvement in InCded in the abDYe are&s follow5.' Irorni Resourtes Ytstytrtts expendtyA MDvemeni in funds Unr¢strl¢ted hnd$ Genernl 1.188.373 {1.010.2391 178,134 TOTAL FUIYDS 1.188373 1010 1191 178.134 P88¢ 17 ontinU...
COMPA&S CHILD APID WAMILY SERVICES NOTESTO THE FIYAIY IALSTATEMEYTS- cMtin¥e FOR THE I'EAR EYDEDJI DECEh1BER 2•24 15. MOVEMk EYT IY FUNDS- t•Dtimued Comparativts for rnoYeiDeiit iw fuud¥ Nct movemeni infiu At At Iiioj Unresttktod General fund (398,695) 22.233 1376,4621 R¢#rl¢ted fu•ds House acquk4ilion 10.404 422.597 433.(K)I TOTAL FUNDS 388,291> Cornpardtive Vern¢t in funds. incled in ihcabove xe Ss follows: ltt¢omi Kesourrzs Mov¢tn¢nt in funds Unrulrided fmds General furtd 783.820 (7615871 U233 Resirkted fumd$ H{Se acqui5AIiK 422.597 422.597 TOTAL FUNDS 761 87 444,830 A curJerti year 12 months #hd prior 12 th$COMbined potion is as follo*%: N¢t movement in fut Al 3 IIIY24 AI IKIQ3 Unrestri¢ttd f¥nd Get)eral fvnd 1398.6951 2fAI.367 (198,328) Re#rleied fufjds House acquisilion 10.4 422597 433.(X)I TOTAL FUIYDS 38&29ll 234.673 Page 18 conllnucd...
COMPA&S CHILD AYD FAMILY SERVICES OTES TO THE FINAN IAL STATEMEYTS- TrOR THE YEAR LNDED31 DECL.MBLR 2024 ntiDucd MOVEMLYT IN FUNDS- A currcni year 12 months and priw year 12 rnofflhs tombittd nel rnovement in rd5, includEd in th¢ JEK¥vE lollows= Incomi Resourtes Movaneni exF ill furtds Utsrtslrlrted General fund 1.972.193 {1,771J26} 21M).367 Re5tri¢tcd House acqui1 422.5 421597 TOTAL FUND8 17718261 RELATED PARTY DISCLA)SURES [ring lh¢ sw the chwj.ty rettiv &tionS 01 £69 .556 12023 - £514.0191 from KJ5H _ Verein fir Kinder-, Jugen¢k und Soziale Hilfen e. V.. a charity resiered in Gernany. During the year Ihe charity a]so made payment for stYvi¢es re¢eiY¢d in yexr tyilling £4.774120?J - £16EA)} to Comp*5s Ckn"Id awl Family Ser%'ices CLG. a rharity rcgislcrcd in Ir¢Jand. Ai the lae slleet date £455.17 (202J- £487.7081 Ivas scill ouwanding oo the lo3n provi by Com]yass Child And Family Services CLG. and E366,14112023 - £348.8151 w&% still outstsndin8 of Ihc loans providrd by KJ5H - Vcrein fur Kin(kr-. Jug¢n(k und Sozial¢ Hilfen e. V.. Ihis includes m txldirional kl rEceivEd of£33,493 (2023 - £25.5471. Both rLreived in 2023 aTrl 2024 w¢ fully repaid in Jwiwry 2025. Bh KJSH - Verein fu"r Kinthr-. Ju8eftd- UAd kniate HiifeN e. V. and cpasS Thild and Family Swvi¢¢$ CLG Share Iru5t¢¢5 with C¢)mpa55Child and Family Smrirrs. 17. FRC EfHICAL sfAYDARD- PROVISIOYS AVAILABLE FOR SMALL EYL TMES In with many othcr bu51r&s of Sir aT¥J nthjrr usc our •JdilW$ 10 wepare I] sutxnil relum5 the tax aulty)riti¢s and assist with th prcpaTaliun of th¢ finala] 5raternents. P•ge 19