COMPASS CHILDREN'S CHARITY
Financial health, per its FY2024 accounts
The accounts state that total income for the year was £216,762 against total expenditure of £203,955, resulting in a net surplus. Per the trustees' report, unrestricted reserves increased to £20,049, which the trustees consider sufficient to meet their policy target of holding three months of operating costs.
What the accounts disclose
“Reserves policy is to hold an average of three months operating costs.” — page 18
Trustees
- Helen Bridge
- Mark Brannigan
- Raquel Santamaria Paredes
Income and spending
| Financial year end | Income | Spending |
|---|---|---|
| 31/12/2024 | £217k | £204k |
| 31/12/2023 | £123k | £128k |
| 31/12/2022 | £115k | £109k |
| 31/12/2021 | £102k | £110k |
| 31/12/2020 | £137k | £133k |
Common questions
Is COMPASS CHILDREN'S CHARITY financially healthy?
The accounts state that total income for the year was £216,762 against total expenditure of £203,955, resulting in a net surplus. Per the trustees' report, unrestricted reserves increased to £20,049, which the trustees consider sufficient to meet their policy target of holding three months of operating costs. Its FY2024 accounts were independently examined.
Who funds COMPASS CHILDREN'S CHARITY?
Funders whose own accounts filings name COMPASS CHILDREN'S CHARITY as a grant recipient include GILCHRIST EDUCATIONAL TRUST, THE AUSTIN BAILEY FOUNDATION, THE ASSOCIATED BOARD OF THE ROYAL SCHOOLS OF MUSIC, THE RANDAL CHARITABLE FOUNDATION.
Known funders
| Funder | Year | Amount |
|---|---|---|
| GILCHRIST EDUCATIONAL TRUST | FY2024 | £1k |
| THE AUSTIN BAILEY FOUNDATION | FY2023 | £1k |
| THE ASSOCIATED BOARD OF THE ROYAL SCHOOLS OF MUSIC | FY2025 | £10 |
| THE RANDAL CHARITABLE FOUNDATION | FY2023 | £0 |