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.