King's Lynn Debl Centre Annual General Meeting Monday 9th October 7.30pm at King 's Centre Chalrperson's report We have reached a place of financial stability that we have not been able to enjoy since the establishment of the Debt Centre until this year. This is due to the generosity of each of our partner churches, other local churches and individuals who make regular and occasion donations. l am very grateful too, to Andrew Frere-smith who has had considerable success in the grant applications he has made. During this past year the trustees have made small but significant alterations and additions to our constitution, and we make it our business to ensure that we oversee the business of KLDC according the to guidance of our constitution and the requiremenls of the Charity Commission. Our biggest challenge ofthe year came when Emily Hart resigned as Cenlre Manager to take up her new position as CAP Area Manager. Keeping the Centre running in the interim was well within the scope and ability of Laura our Debt Coach to whom we are very grateful. l and Iwo other Irustees ran the process to recruit a new Centre Manager aided by advi from CAP. There was a great deal of interest in the post, but we were glad to appoint Steve Lofts who began working for KLDC in March. Steve was commissioned during a wonderful service at King's Lynn Evangelical Church in April. l am very grateful to my fellow trustees for their commitment to KLDC and for the work they do to ensure its efficient running James Nash Chair of Trustees 9th October 2023
KINGS LYNN DEBT CENTRE INCOME & EXPENDITURE YEAR ENDED 31/12/2022
| 2021 General Fund £ 10,430.92 10,950.00 9,514.05 30,894.97 13,251.27 332.80 310.63 63.51 13,958.21 3,070.95 15.65 6,000.00 23,044.81 7,850.16 |
2021 £ 10,430.92 10,950.00 9,514.05 30,894.97 13,251.27 332.80 310.63 63.51 13,958.21 3,070.95 15.65 6,000.00 23,044.81 7,850.16 0.00 15,606.89 15,606.89 |
Charity Number 1167702 Income Partner Churches Charities Other churches & donations Expenditure Operational Costs Salary and associated costs Travel Insurance Stationery Sub-total Client events & support Miscellaneous CAP - Bradford (Deficit)/Surplus for the year BALANCE SHEET CURRENT ASSETS Debtors Bank |
2022 2022 Total £ 10,023.92 10,023.92 8,150.00 8,150.00 5,631.00 5,631.00 23,804.92 23,804.92 9,073.73 9,073.73 401.95 401.95 310.63 310.63 136.22 136.22 9,922.53 9,922.53 1,432.28 1,432.28 1,033.68 1,033.68 6,000.00 6,000.00 18,388.49 18,388.49 5,416.43 5,416.43 0.00 20,933.32 20,933.32 |
|---|---|---|---|
| CURRENT LIABILITIES 90.00 Creditors 15,516.89 NET ASSETS REPRESENTED BY 7,666.73 Unrestricted accumulated surplus b/f 7,850.16 (Deficit)/Surplus for year 15,516.89 Total Funds |
0.00 |
|---|---|
| 20,933.32 | |
| 15,516.89 5,416.43 |
|
| **20,933.32 ** |
The 2021 account originally submitted did not balance due to the omission of payroll of £144. The above account has been restated to reflect the correction.
We would like to thank the generous donors that made grant awards to King's Lynn Debt Centre during 2022. These include:
| We would like to thank the generous donors that | made grant awards to King's |
|---|---|
| Albert Hunt Charity | £2,000 |
| Paul Bassham Charity | £2,000 |
| Geoffrey Watling Charity | £2,500 |
| East Coast Community Fund | £1,150 |
| Neighbourly | £500 |
We would like to acknowledge the hard work and dedication of our staff and volunteers as they have adjusted to the impact of the pandemic and our recovery from it. We particularly want to thank Emily Hart who has been our Debt Coach since 2016 when the project began. She will be greatly missed, but thankfully, having been promoted to regional officer with CAP, she will still be in touch.
The major items of expenditure are salary and the contribution to CAP Bradford.
The partner churches are Cornestone King's Lynn Baptist, Church in the Woottons, King's Church, and King's Lynn Evangelical Church. Other churches and donations included King's Lynn Minster, Church of the Nazarene, St Faiths Gaywood, and St Mary's Heacham.