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CHARITY COMMISSION FOR ENGLAND AND WALES
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Trustees’ Annual Report for the period
From 01 April 2024 To
31 March 2025
Charity name: RELEASE FINANCIAL CHARITY
Charity registration number: 1155290
Objectives and Activities
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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 MIDLANDSFOR THE BENEFIT OR OTHER OF THEPARTS INHABITANTS OF ENGLAND OF AND THE WALES EAST
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.
activitiesSummaryin ofrelation the maintoj those Paraa8 1.17 and ORGANISATION,RELEASE |S A VULNERABLE PEOPLESPECIALISING IN PERSONAL EMPOWERMENTFINANCE
purposesa for the; public Lk ieab eDUCATION BUDGET BUDDIES).(FINANCIAL
benefit, in particular, the _ CAPABILITY) TRAINING, GUIDANCE AND INFORMATION
activities, projects or services TO EDUCATE AND EQUIP PEOPLE WITH THE CRUCIAL
identified in 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.
Statement confirming Para 1.18
whether the trustee THE TRUSTEES HAVE CONSIDERED/ENSURED THAT
had regard4 to the guidances have THECOMMISSION PUBLIC BENEFITGUIDANCE.IS IN LINE WITH THE CHARITY
issued by the Charity
Commission on public benefit
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eensJaiou imeaanformationmay choose to etici (optional)Furnes Statements where relevant about:
Li ns
Policyy onon grantar. making ee _
Policy on social investment | p, 4 ae
including program related “
investment
Contribution made by .
volunteers niin
aa ee Ee
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Page 1 of 5
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——————_ mrrrvvwerrPrsS ——rekepeC
Achievements and Performance
ee
Summary of the main. e SUPPORTINGFINANCIAL BONDAGE/PROGRESSPEOPLE TO BE RELEASEDTO FINANCIALFROM
achievements. . . of. the chality, e CONTINUiW aAANCE OF CHARITYe i, WITHfa AAPPROPRIATE
identifying the difference the Para 1.20 PROFESSIONAL MEMBERSHIPS, REGISTRATION
charity's work has made to AND INSURANCE.
the circumstances of its e DELIVERING FINANCIAL CAPABILITY/MONEY
Sree , MANAGEMENT TRAINING.
beneficiaries and any wider * DEEPENING OF LOCAL, REGIONAL AND NATIONAL
benefits to society as a CONTACTS.
whole. e REPRESENTATION ON KEY FINANCIAL INCLUSION
STRATEGY GROUPS.
° REPRESENTATION ON BOLSOVER PARTNERSHIP
= |MPROVED HEALTH AND WELL-BEING,
ESPECIALLY MENTAL.
° SOCIETY BENEFITTED AS PEOPLE THEIR
FAMILIES/LOVED ONES AND THE COMMUNNITY
HAD IMPROVED QUALITIES OF LIFE AND SOCIAL
CAPITAL RAISED.
Additional information (optional)
You may choose to include further statements where relevant about:
Achievements against Para 1.41
objectives set
Performance of fundraising Para 1.41 anemia
activities against objectives
set
Investment performance Para 1.41
against objectives
Other ae is
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Financial Review
| Review of thecharity's financial position at the end |
Para 1.21 | THE FINANCIAL POSITIONATTHEYEAR-END IS SECUREAND STABLE. |
|---|---|---|
| of the period | ||
| Statementexplaining the policy for holding reserves stating why they a g why they are held Amount of reserves held |
Para 1.22 Para 1.22 |
THERESERVES ARE BASEDONTHREEMONTHS OPERATING COSTS, REDUNDANCYPAYMENTS AND ALLOCATED FUNDS (RELATINGTO FUTURE DEVELOPMENTOFTHECHARITY). £10,000 |
| Reasons forholding zero | Para 1.22 | NIA |
| reserves | ||
| Details offund materially in | Para 1.24 deficit |
|
| Explanation of any | Para 1.23 | |
| uncertainties about the | ||
| charity continuing as a going | ||
| concern |
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Additional information (optional) You may choose to include further statements where relevant about:
The charity’s principal Para 1.47 sources of funds (including any fundraising) Investment policy and Para 146 objectives including any social investment policy adopted A description of the principal | para 1.46 risks facing the charity ~~ |-f| — | Structure, Governance and Management Description of charity’s Type of governing document | Para 1.25 CONSTITUTION OF A CHARITABLE INCORPORATED ORGANISATION WHOSE ONLY VOTING MEMBERS ARE How ITS CHARITY TRUSTEES. constituted?is the charity —— CHARTABLE INCORPORATED ORGANISATION (CIO) Trusteei selection methods Para 1.25 FROM POINT 10 OF CONSTITUTION. including APPOINTMENT OF CHARITY TRUSTEES details of any | (1) ..... TRUSTEE ..... APPPOINTED ... FOR .... THREE YEARS ....... constitutional provisions e.g. (2) IN SELECTING INDIVIDUALS FOR APPOINTMENT election to post or name of AS CHARITY TRUSTEES, THE CHARITY TRUSTEES toany person or body entitled. MUSTKNOWLEDGEHAVE REGARD AND EXPERIENCE TO THE SKILLS, NEEDED FOR THE appoint one or more EFFECTIVE ADMINISTRATION OF THE Cio. trustees
Additional information (optional) You may choose to include further statements where relevant about:
Policies and procedures Para 151 adopted for the induction and training of trustees The charity’s organisational | para 1.51 structure and any wider network with which the charity works Relationship with any related | pars 154 parties
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Reference and Administrative details
|Charityname SSS=sSSWRRELEASE FINANCIAL GHARITY | Other name the charityuses | RELEASE SSCS Charity’sRegisteredprincipalcharity addressnumber_[" SSSOSCSCSSSSCSCSY1155200,ENTERPRISE HOUSE 5 NEWTON ROAD TIBSHELF ALFRETON DERBYSHIRE DE55 5PH
Names of the charity trustees who manage the charity
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Trustee : Name of person (or
name Office (if any) Dates acted if not for whole body) entitled to
sear appoint trustee (if any)
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Corporate trustees — names of the directors at the date the report was approved
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Name of trustees holding title to property belonging to the charity |Trusteename; | Dates acted ifnotforwholeyear | —=—=S=S=~<CS~SsSSSSS t======<SS ——
EE——————————— rr Funds held as custodian; trustees on behalf of others |
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Description of the assets held in this capacity wecnccncnns N/A non2nnn-==Name and objects of the charity on whose behalf the assets are held and how this falls within the custodian wonnnnnnnnN/A -n2-------charity’s objects Details of arrangements for safe custody and segregation of such assets wann-n-n--- N/A -=--------from the charity’s own assets
Additional information (optional)
Names and addresses of advisers (Optional information)
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Type of Name Address
adviser
sreseeences N/A conneonnne=
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Name of chief executive or names of senior staff members (Optional information) PAUL STEARS
Exemptions from disclosure
Reason for non-disclosure of key personnel details
wannnnnnnn= N/A n-nnn==--=-
Other optional information aa Declarations
The trustees declare that they have approved the trustees’ report above. Signed on behalf of the charity’s trustees
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Full name(s) FRANCIS MICHAEL LAURENCE O'BRIEN
Position (eg Secretary a LS
Date ~
IY/ EfFp 2S
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I
Bom] CHARITY COMMISSION | RELEASE FINANCIAL CHARITY pee. | | FOR ENGLAND AND WALES | Receipts and payments accounts cc16a sie Restricted funds § Endowment funds Total funds Last year to the nearest £ ta the nearest £ to the nearest £ to the nearest £ to the nearest £ A’ Receipts Sosial Enterprise oo oo) Personal Gifts/Gift Aid nes |ets 1676[|] Sundries/Bank Interest/Internal Transfers [6603] {COCdTTC [6[ e03|][ [1.246][|] NISA - Making a Difference Local CS |CS |NM) a eee ara Semmes ii Genie [5 eceseanals | annmnnenneneey | REVIREERANS! SE | eee |ee | SaleofPC'sandLlaptops [Sale|offilingcabinets | Sub fofal| = nna A3 Payments Ssalntes LG Coos Jo} PE 25950] [24.270 Consultants PO 9 UnProfessional fees/insurance a4607] ee|) cant1006| |-1,8001,800| Telephoneintemet a ee a= Traveltraining ery |[man] Stationary/PostageNenlensusliel Daeer i| es J 8,807] | 1,226 | POO Le | Subtotal]es |Oe |eee) flee _ssasi| [TC | A4 Asset and investment purchases, (see table) | eeFridgeIE So a Sa eaCSome es —| | bts Sub nes fotal|_____mes Total payments [Se ) Co) mE) |
CCXX R1 accounts (SS)
4
09/04/2025
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Net of receipts/(payments) | - 26,082
AS Transfers between funds |e ee oe
A6 Cash funds last year end 91,035 ee ts 91,035 417,117 |
Section B Statement of assets and liabilities at the end of the period |
Unrestricted Restricted Endowment
to nearest£ to nearest£ to nearest £
ees |
a) ee |
Total
in banks 263.07672 Total cash Bae | [es]
receipts and payments
account(s))
Unrestricted Restricted Endowment
funds funds funds
to nearest£ to nearest £ to nearest £
mee be =m pial = mae—
i Fund to which Cost (optional) Current value
asset belongs : (optional)
=o
Fund to which GocklovG ; Current value
B4 : asset belongs ost (optional) (optional)
Assets retained for the charity’s
Fund to which Amount due When due
oo
= liability relat ional i
Signed by one or two trustees on behalf of all the ‘
trustees Signature Print: Name Date of approval
WL My4 faligh dor
t— ear
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CCXX R?2 accountsaccounts (S (SS)
2
09/04/2025
nn $n rv dd
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| Kk | CHARITY COMMISSION Independent examiners- :
| FOR ENGLAND AND WALES report on the accounts
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Section A
Independent Examiner’s Report
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Report to the trustees/
members of |RELEASE FINANCIAL CHARITY
|
|
|
On accounts for the year | 31 March 2025 Charity no | 1155290
ended (if any)
ee =|
Set out on pages |
|
| 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:
e 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 concerns and have come across no other matters in connection
with the examination to which attention should be drawn in orderto enablea
proper understanding of the accounts to be reached.
Please géfete the words in the brackets if they do not apply.
Signed: Date: | 1. 4.2o os. |
Name: | CHRISTOPHER PIENAAR
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Relevant professional qualification(s) or body (if any): Address: | 8 Bright Street
South Normanton, Alfreton Derbyshire, DE55 2AN
October 2018
Section B
Disclosure
~~
Dees
z
epee
oe
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