## 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 **----- Start of picture text -----**
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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Page 1 of 5 ||||OO
———| |---|---|---|---| |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|||| |**i**ty’**s**
Srertaedl pectin t n end
erihs peried|Para1.21|THEFINANCIALPOSITIONATTHEYEA**R**-END **I**SVERY
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|||| Page 2 of 5 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?||CONSTITUTIONOFACHARITABLEINCORPORATED
ORGANISATIONWHOSE ONLYVOTING MEMBERSARE
ITSCHARITY TRUSTEES.
CHARTABLE INCORPORATEDORGANISATION (CIO)| |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|| Page 3 of 5 III ## Reference and Administrative details |Charityname S| RELEASE FINANCIAL CHARITY OthernameRegistered the charityuses s—“‘“‘SCSCOC*CS*ésé“‘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 **----- Start of picture text -----**
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‘CSCOC*ds
gO
]ee
4 a ee
a es es
| es
a ey ee
MO —._
a
a
fo] A a
de a
ep...
a
a
da
A
**----- End of picture text -----**
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 _|[ Page 4of 5 ## 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 **----- Start of picture text -----**
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 **----- Start of picture text -----**
Position (eg Secretary, CHAIR TRUSTEE
Chair, etc)
**----- End of picture text -----**
Page5 of 5 **----- Start of picture text -----**
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 **----- Start of picture text -----**
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