COMPASS (PETERBOROUGH) LIMITED

Charity Number: 1024250
Removed charity

Charity overview

Activities - how the charity spends its money

THE PRINCIPAL AIM IS TO EMPOWER DISADVANTAGED PEOPLE IN PETERBOROUGH AND THE SURROUNDING AREA TO TAKE RESPONSIBILITY FOR THEIR LIVES BY IMPROVING ACCESS TO COMMUNITY SERVICES, TRAINING, EMPLOYMENT, LOW COST GOODS AND COMMUNITY PROJECTS. ALSO PROTECTING THE ENVIRONMENT VIA A RANGE OF RECYCLING AND REUSE PROJECTS INCLUDING COMPUTERS, NON-TOXIC INDUSTRIAL SCRAP MATERIALS, FURNITURE, WHITE GOODS ETC.

Income and expenditure

Data for financial year ending 31 March 2009

Total income:
£829,733

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Donations and legacies £127.20k
Charitable activities £702.53k
Other trading activities £0
Investments £0
Other £0

Total expenditure:
£899,727

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Raising funds £0
Charitable activities £899.73k
Other £0

£0 investments gains (losses)

Charitable expenditure

Charitable expenditure

Some charities generate all, or a substantial part, of their income from investments which may have been donated to the charity as endowment or set aside by the charity from its own resources in the past. Such investments usually take the form of stocks and shares but may include other assets, such as property, that are capable of generating income and/or capital growth.

In managing their spending and investments charities need to strike a balance between the needs of future and current beneficiaries. They also need to take account of spending commitments that may stretch over a number of future years. To do this, charities will normally adopt an investment strategy designed to generate both income and capital growth. To maximise returns trustees may commit to investment strategies for several years.

Investments can experience large swings in value so trustees may, in a particular year, decide to realise and spend part of their charity’s capital or to invest part of its income.

By clicking the investment gains checkbox the charitable spending bar is adjusted to take account of capital growth as well as income. This shows the balance the charity is striking, between spending on current beneficiaries and retaining resources for future beneficiaries.

Text alternative for this canvas graphic is in the data table below.
Raising funds and other expenditure £0
Charitable expenditure £899.73k

Fundraising

No information available

Trading

No information available

Trustee payments

No information available

What, who, how, where

What the charity does:
  • Education/training
  • The Prevention Or Relief Of Poverty
  • Economic/community Development/employment
Who the charity helps:
  • Children/young People
  • Elderly/old People
  • People With Disabilities
  • People Of A Particular Ethnic Or Racial Origin
  • Other Charities Or Voluntary Bodies
How the charity helps:
  • Provides Advocacy/advice/information
  • Other Charitable Activities
Where the charity operates:
  • Bedford
  • Central Bedfordshire
  • Lincolnshire
  • Norfolk
  • Northamptonshire
  • Peterborough City

Governance

Registration history:
  • 27 July 1993: Standard registration
  • 22 December 2011: Removed (Ceased to exist)
Organisation type:
Charitable company
Other names:
  • COMPASS IT (Working name)
  • RESTORE (Working name)
  • SOFA (Working name)
  • STEP ONE (Working name)
  • S O F A (PETERBOROUGH) LIMITED (Previous name)
Gift aid:
No information available
Other regulators:
No information available
Policies:
No policies declared
Land and property:
No information available

Financial history

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Financial period end date

Income / Expenditure 31/03/2005 31/03/2006 31/03/2007 31/03/2008 31/03/2009
Total gross income £798.35k £782.87k £792.29k £802.29k £829.73k
Total expenditure £796.92k £1.01m £789.92k £771.73k £899.73k
Income from government contracts N/A N/A N/A N/A N/A
Income from government grants N/A N/A N/A N/A N/A
Income - Donations and legacies N/A N/A £162.93k £222.80k £127.20k
Income - Other trading activities N/A N/A £0 £0 £0
Income - Charitable activities N/A N/A £629.36k £579.48k £702.53k
Income - Endowments N/A N/A £0 £0 £0
Income - Investment N/A N/A £0 £0 £0
Income - Other N/A N/A £0 £0 £0
Income - Legacies N/A N/A £0 £0 £0
Expenditure - Charitable activities N/A N/A £768.59k £771.73k £899.73k
Expenditure - Raising funds N/A N/A N/A N/A N/A
Expenditure - Governance N/A N/A £21.33k £0 £0
Expenditure - Grants institution N/A N/A £0 £0 £0
Expenditure - Investment management N/A N/A £0 £0 £0
Expenditure - Other N/A N/A £0 £0 £0

Assets and liabilities

Definitions for assets and liabilities
Own use assets

These are assets, other than investments, which are held for more than 12 months and used to run and administer the charity such as buildings, offices, exhibits and fixtures and fittings.

Long term Investments

Investments are assets held by the charity with the sole aim of generating income which will be used for their charitable purposes such as deposit accounts, shares, rental property and unit trusts.
Investment assets are re-valued every year and included in the balance sheet at their current market value.
Long term investments are held for more than 12 months.

Other assets

These are assets held generally for less than 12 months such as cash and bank balances, debtors, investments to be sold within the coming year and trading stock.

Defined benefit pension scheme asset or liability

This is a surplus or deficit in any defined benefit pension scheme operated and represents a potential long-term asset or liability.

Total liabilities

These are all the amounts owed by the charity at the balance sheet date to third parties such as bills due but not yet paid, bank overdrafts and loans and mortgages.

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Asset / Liability 31/03/2005 31/03/2006 31/03/2007 31/03/2008 31/03/2009
Own use assets N/A N/A £42.15k £36.37k £22.56k
Long-term investments N/A N/A £0 £0 £0
Other assets N/A N/A £117.48k £127.80k £116.09k
Defined benefit pension scheme asset or liability N/A N/A £0 £0 £0
Total liabilities N/A N/A £360.55k £334.53k £379.01k

Accounts and annual returns

This table shows the charity's record of submitting annual returns, accounts and trustees' annual report (TAR) for the last five financial periods.
Title Reporting year Date received Received Download
Annual return 31 March 2011
Accounts and TAR 31 March 2011
Annual return 31 March 2010
Accounts and TAR 31 March 2010
Annual return 31 March 2009 05 November 2009 On Time
Accounts and TAR 31 March 2009 10 November 2009 On Time
Annual return 31 March 2008 10 November 2008 On Time
Accounts and TAR 31 March 2008 14 November 2008 On Time

Governing document

Details of the type of governing document the charity has and when it was established.
It is not the full text of the charity's governing document.

MEMORANDUM AND ARTICLES OF ASSOCIATION INCORPORATED 15TH JUNE 1993 AND AS AMENDED BY SPECIAL RESOLUTION OF 8 OCT 1996

Charitable objects

THE RELIEF OF PERSONS IN PETERBOROUGH AND SURROUNDING AREA WHO ARE IN NEED, HARDSHIP OR DISTRESS, BY THE PROVISION OF ADVICE, REPRESENTATION, INFORMATION, WORK, TRAINING AND THE SUPPLY OF FURNITURE AND OTHER HOUSEHOLD GOODS OR APPLIANCES AND BY SUCH OTHER MEANS AS THE MANAGEMENT COMMITTEE SHALL DETERMINE.

Area of benefit

The area the charity can operate in, as set out in its governing document.

PETERBOROUGH AND SURROUNDING AREA