THE COMPASS TRAVEL TRUST LIMITED
Registered charity 1104037 · accounts filings on the Charity Commission register
Financial support of selected charitable ministries
Causes: Education/training · The Advancement Of Health Or Saving Of Lives · The Prevention Or Relief Of Poverty · Overseas Aid/famine Relief · Religious Activities · Get email alerts
Financial health, per its FY2024 accounts
The accounts state that the charity reported a net income of £3,369 for the year, resulting in unrestricted fund balances increasing to £4,215. The trustees note that no specific reserves are deemed required as there are no associated costs in running the charity, and additional funds could be made available from Compass Travel (Sussex) Limited if necessary.
Automated summary of the FY2024 accounts; the evidenced findings below carry the verbatim passages.
What the accounts disclose
Reserves policy: no specific reserves are deemed to be required (held: £4k)
“no specific reserves are deemed to be required as there are no associated costs in running the Charity.”
Per its FY2024 accounts as filed with the Charity Commission.
Related-party transaction: The document states funds were received from Compass Travel (Sussex) Limited, but does not explicitly disclose a specific transaction amount or related party policy in the notes typically required for such flags. However, Note 3 lists 'Donations' as the sole income source. The Trustees' Report mentions funds were received from Compass Travel (Sussex) Limited. Without a specific line item or explicit related party transaction note detailing the amount, this is inferred from the text 'funds were received from Compass Travel (Sussex) Limited'. However, strict adherence to 'explicitly states' for a 'related_party_flags' entry usually requires a specific disclosure of the transaction. The text says 'funds were received from Compass Travel (Sussex) Limited'. It does not give a specific amount for this specific source in the notes, only total donations. I will leave this empty as the specific transaction amount isn't explicitly broken out as a related party transaction in the notes, only the source is mentioned in the narrative.
“During the year, funds were received from Compass Travel (Sussex) Limited and from other minor donations.” — page 7
Per its FY2024 accounts as filed with the Charity Commission.
Discloses 3 of 6 completeness components.
Trustee list from the Charity Commission register (current, not historical).
Operates in: East Sussex · India · West Sussex
Income and spending
Common questions
Is THE COMPASS TRAVEL TRUST LIMITED financially healthy?
Per its FY2024 accounts: The accounts state that the charity reported a net income of £3,369 for the year, resulting in unrestricted fund balances increasing to £4,215. The trustees note that no specific reserves are deemed required as there are no associated costs in running the charity, and additional funds could be made available from Compass Travel (Sussex) Limited if necessary.