IO k CHARITY COMMISSION FOR ENGLAND AND WALES Trustees’ Annual Report for the period From 01 April 2023 To 31 March 2024 Charity name: RELEASE FINANCIAL CHARITY
Charity registration number: 1155290
Objectives and Activities
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a
Summary of the purposes of | Para 1.17 THE TRUSTEES MUST APPLY THE INCOME OF THE
the charity as set out in its CHARITY IN FURTHERING THE FOLLOWING OBJECTS
governing [document] FOR THE BENEFIT OF THE INHABITANTS OF THE EAST
MIDLANDS OR OTHER PARTS OF ENGLAND AND WALES
AS THE TRUSTEES SHALL FROM TIME-TO-TIME
DETERMINE:
(1) THE RELIEF OF POVERTY AND UNEMPLOYMENT
FOR THE BENEFIT OF THE PUBLIC BY THE PROVISION
OF DEBT ADVICE SERVICES, INFORMATION AND
ASSISTANCE IN RELATION TO DEBT AND PERSONAL
FINANCIAL MANAGEMENT, AND, (2) THE ADVANCEMENT
OF EDUCATION IN MONEY MATTERS AND DEBT
MANAGEMENT.
activitiesSummary of the mainj Para“wo1.17 and RELEASE IS A VULNERABLE PEOPLE EMPOWERMENT
purposes in relation to those ORGANISATION, SPECIALISING IN PERSONAL FINANCE
— for the public (AS WELL AS HOME OF BUDGET BUDDIES).
benefit, in particular, the CAPABILITY) TRAINING,PROVIDING MONEY EDUCATIONGUIDANCE (FINANCIAL AND INFORMATION
activities, projects or services TO EDUCATE AND EQUIP PEOPLE WITH THE CRUCIAL
identified, Penin the accounts. LIFE SKILL OF MANAGING THEIR FINANCES AND
MAKING INFORMED CHOICES, INCLUDING PRACTICAL
HELP WITH BUDGETING AND RELATED SUPPORT.
BUDGET BUDDIES IS A MENTORING SCHEME
SUPPORTING PEOPLE MANAGE THEIR FINANCES.
whetherStatement confirmingirmi Para 1.18 THE TRUSTEES HAVE CONSIDERED/ENSURED THAT
had the trustees have THE PUBLIC BENEFIT IS IN LINE WITH THE CHARITY
regard to the guidance COMMISSION GUIDANCE.
issued by the Charity
Commission on public benefit
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Additional information (optional)
You may choose to include further statements where relevant about:
P80
reterence
Policy on social investment | parai3a
including program related
investment
Contribution made by Para 1.38
volunteers
Ce ed
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| OO ——— |
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| Achievements and Performance | |||
| . Summaryofthe main achievements ofthe charity, oo . chet soonnae ensie the circumstances ofits a 7 beneficiariesandanywider benefits tosocietyasa whole. |
Para 1.20 | e ¢ ° * ¢ |
SUPPORTING PEOPLETO BE RELEASED FROM FINANCIALBONDAGE/PROGRESS TOFINANCIAL HEALTHANDWELL-BEING. CONTINUANCEOFCHARITY,WITH APPROPRIATE PROFESSIONALMEMBERSHIPS, REGISTRATION ANDINSURANCE. rnb pA! CAPABILITY/MONEY TRAINING. STAFF/VOLUNTEERDEVELOPMENT(TRAINING ANDEXPERIENCE). DEEPENING OF LOCAL, REGIONALAND NATIONAL CONTACTS. |
| ¢ | REPRESENTATION ON KEY FINANCIAL INCLUSION STRATEGY GROUPS. |
||
| * | IMPROVED HEALTHANDWELL-BEING, ESPECIALLY MENTAL. |
||
| ¢ | SOCIETY BENEFITTED AS PEOPLE THEIR FAMILIES/LOVED ONESAND THE COMMUNNITY HAD IMPROVED QUALITIES OF LIFEAND SOCIAL CAPITAL RAISED. |
||
| Additional information (optional) You may choose to include furtherstatements |
where relevant about: | ||
| Achievements against objectives set |
Para4.44 | ||
| Performance offundraising activities against objectives |
Para1.44 | ||
| set | |||
| Investmentperformance against objectives |
Para 1.41 | ||
| Financial Review | |||
| ity’s Srertaedl pectin t n end erihs peried |
Para1.21 | THEFINANCIALPOSITIONATTHEYEAR-END ISVERY STABLEFOLLOWINGDOWN-SIZING/ST EAM-L NING IN EARLY2023. |
|
| ini e staterieytSaplaininga policy forholding reserves stating why they are held |
Para 1.22 | N THREE MONTHS THERESERVES AREBASEDO OPERATINGCOSTS,REDUNDANCYPAYMENTS AND ALLOCATED FUNDS(RELATINGTOFUTURE DEVELOPMENT OFTHE CHARITY). |
|
| Amount of reserves held | £17,500 | ||
| Reasons for holding zero | Para 1.22 | N/A | |
| reserves | |||
| deficit | |||
| Explanation ofany uncertainties about the |
Paleee | NIA | |
| charity continuing as a going | |||
| concern |
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SOT
Additional information (optional) You may choose to include further statements where relevant about:
| The charity’s principal . sources offunds (including |
Para 1.47 |
|---|---|
| any fundraising) | |
| Investment policyand objectives including any |
Para 1.46 |
| social investment policy | |
| adopted | |
| A description ofthe principal | para1.46 risks facing the charity |
| Ce | ee |
Structure, Governance and Management
| Description of charity’s | ||
|---|---|---|
| trusts: | ||
| Type ofgoverning document | Para 1.25 How isthe charity Para 1.25 constituted? |
|
| Trustee selection methods including details ofany constitutional provisions e.g. election to postorname of |
Para 1.25 | FROM POINT 10 OF CONSTITUTION. APPOINTMENT OFCHARITYTRUSTEES (1) .....TRUSTEE .....APPPOINTED ...FOR ....THREEYEARS ....... (2) INSELECTING INDIVIDUALSFOR APPOINTMENT AS CHARITYTRUSTEES,THECHARITYTRUSTEES |
| ; anyperson orbody entitled to appointone ormore trustees |
MUSTHAVE REGARDTOTHE SKILLS, KNOWLEDGEANDEXPERIENCENEEDEDFOR THE EFFECTIVE ADMINISTRATIONOF THECIO. |
Additional information (optional) You may choose to include further statements where relevant about:
| Policies and procedures adopted forthe induction and |
Para 1.51 |
|---|---|
| training oftrustees | |
| The charity’s organisational structure and any wider |
Para 1.51 |
| network with which the | |
| charity works | |
| Relationship with any related | po 1.51 parties |
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III
Reference and Administrative details
|Charityname S| RELEASE FINANCIAL CHARITY OthernameRegistered the charityuses s—“‘“‘SCSCOCCSésé“‘CNNNNN| RELEASE charity number | 1155280 Charity’s principal address SSOSC~SCSCSENTERPRISE HOUSE 5 NEWTON ROAD TIBSHELF ALFRETON DERBYSHIRE DE55 5PH
Names of the charity trustees who manage the charity
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Trustee name Office (if any) Dates acted :if not for whole Namebody) ofentitled personto (or
year appoint trustee (if any)
2 FRANCIS O'BRIEN | TRUSTEE [NAC
5)S|PAULSTEARS [TRUSTEE |OMASSC‘CSCOCds
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Corporate trustees — names of the directors at the date the report was ap proved
Name of trustees holding title to property belonging to the charity |Trusteename———sss—s—isdname | Dates actedacted ifif notnot forfor wholewhole yearyear _|[
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Funds held as custodian trustees on behalf of others
Description of the assets held in this capacity woesenennn= N/A -nn2=2=---Name and objects of the charity on whose behalf the assets are held and. how this falls within the custodian moescesennN/A -=--------charity’s objects Details of arrangements for safe custody and segregation of such assets wann-n----N/A ----------from the charity’s own assets
Additional information (optional)
Names and addresses of advisers (Optional information) Type of Name Address adviser
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Name of chief executive or names of senior staff members (Optional information)
PAUL STEARS
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Exemptions from disclosure
Reason for non-disclosure of key personnel details
Other optional information
Declarations
The trustees declare that they have approved the trustees’ report above. Signed on behalf of the charity’s trustees
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Position (eg Secretary, CHAIR TRUSTEE
Chair, etc)
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oo| x | CHARITY COMMISSION
| | FOR ENGLAND AND WALES
cael,
| Section A Independent Examiner’s Examiner’s
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Independent examiner's report on the accounts
Independent Examiner’s Examiner’s Report
Report to the trustees/
On accounts for the year 31 March 2024 ended Set out on pages
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Charity no | 1155290
(if any)
——
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| report to the trustees on my examination of the accounts of the above charity (“the Trust’) for the year ended
-
Responsibilities and As the charity trustees of the Trust, you are responsible for the preparation basis of report of the accounts in accordance with the requirements of the Charities Act 2011 (“the Act’). | report in respect of my examination of the Trust’s accounts carried out under section 145 of the 2011 Act and in carrying out my examination, | have followed the applicable Directions given by the Charity Commission under section 145(5)(b) of the Act.
-
Independent | have completed my examination. | confirm that no material matters have examiner's statement come to my attention (other than that disclosed below *) in connection with the examination which gives me cause to believe that in, any material respect: ° accounting records were not kept in accordance with section 130 of the Act or
-
e the accounts do not accord with the accounting records
-
| have no concems and have come across no other matters in connection with the examination to which attention should be drawn in order to enable a proper understanding of the accounts to be reached. Please delete the words in the brackets if they do not apply.
Signed: At E. Maks Date:|: gQalsidiy Name: |ANGELA MARTIN | Relevant professional qualification(s) or body (if any): Address: | 30 Flowery Leys Lane Alfreton Derbyshire, DE55 7HA
IER
1
October 2018
Disclosure —
|
Section B
Only complete if the examiner needs to highlight matters of concern (see CC32, Independent examination of charity accounts: directions and guidance for examiners).
Give here brief details of any items that the examiner wishes to disclose.
IER
2
October 2018
|Zoe
CHARITY COMMISSION
RELEASE FINANCIAL CHARITY
1155290
ia?
| FORENGLANDANDWALES||
|---|---|
|Receipts and payments accounts|CC16a|
|Section A Receipts and payments—
Restrictedfunds
Endowmentfunds
Totalfunds|Lastyear|
|to the nearest £
to the nearest £
to the nearest £
to the nearest£|to the nearest£|
|A‘ Receipts||
|Bolsover Partnership/DisrictCouncil
ee|ee |es|ee
14,788
Lloyds BankFoundation
- Recovery
Sees |es|ES|Ssie
The National Lottery-Reaching Communities [=|TS| [5,000]
Acts435
es|SE||
Pinxton Parish Council
Po
2.0007
fOMATrustFund|
SocialEnterprise
Tt
TCC“~—CdCYESC“‘#‘#SsS;.CC-LY
Personal
Gifts/GiftAid
ae)|Es
|
1,206||
|NISA - Making a Difference Locally
i|ers|anes|
|[SaleofPC'sandLaptops
| SSSSCSC*«O
|
500]
[Sateoffing
cabinets
Subtotal|_s20]||
|A3 Payments||
|Salaries, NI &Pensions
|
24,270
Censuitants[$$|Rf]
—4
ios
yojeesionealReesirsurance
Pp
t93t][OO
1,931
psephiete ore
a|ee|
repesing
arse}[=|e
si0
Miscellaneous/internal Transfers
po
tape}[|
Stetionary/PostageOg)[>
——
Subtotal| 72634]
eee|cose |oe
A4Assetand investment purchases,
(see table)
okra Taree —-————
——85
Subtotal|___~]||
CCXX R1 accounts ad(SS
:
02/04/2024
Net of receipts/(payments)| - 7,292] |- 18,790 fry : 26,082 5,037 AS Transfers between funds REE |SE || Re |
Section B Statement of assets and liabilities at the end of the period Unrestricted Restricted Endowment to nearest £ to nearest£ to nearest£ es as Total in banks £91,034 79 Total cash oss {fe TT receipts and payments account(s)) Unrestricted Restricted Endowment funds funds funds to nearest £ to nearest£ to nearest£ ——e — — et—— Fund to which Castilantional Current value asset belongs ost (op ) (optional) — Fund to which Cost {ont | Current value B4 asset belongs stfoptonal) (optional) Assets retained for the charity’s 7 Fund to which Amount due When due _ — Signed by one or two trustees on behalf of all the F trustees Signature Print Name Date of approval a = “ : Z
CCXX R2 accounts (SS)
2
02/04/2024