King’s Lynn Debt Centre Annual General Meeting
Tuesday 8[th] October 2024 at the King’s Centre 6.30pm
Chairperson’s Report for the year 2023-2024
We have reached a place of financial stability which has been sustained throughout this year. This is definitely due to the generous giving from our four partner churches and also to the gifts from individuals who have a heart for this charity. We are very thankful for these gifts.
During this year, we have appointed a new Debt Centre Manager who works with the CAP Area Manager to run the centre inline with the policies and practices of the nationwide charity Christians Against Poverty (CAP). The Trustees meet regularly with the Debt Centre Manager to ensure that all is well with the running of the centre again inline with both CAP and the Charity Commission. As a charity, we are really pleased when we hear from our centre manager that a client has become debt free; this means a lot to us all as Trustees and volunteers.
Summary for the Debt Centre:
The average size of the Manager’s caseload is around 15 households with a capacity for taking on two new clients a month.
Total amount of debt repaid or written off so far is £523, 141.3
Total households helped since opening: 241 with 47 going debt free.
This includes 161 adults and 135 children.
The Manager plans to continue to promote CAP with churches in the town and with other agencies in King’s Lynn.
Training for new volunteers takes place regularly and have been supported by experienced volunteers.
Events have been planned throughout this year for clients and volunteers as a means to build relationships and to help those who may be struggling with their mental health.
R.Osborne
Chair of Trustees
8[th] October 2024
King's Lynn Debt Centre Income and Expenditure Accounts Year ended 31st December 2023
| Income Partner Churches Charities Other churches and donations Expenditure Salary and associated costs Travel Insurance Stationery Accountancy Client events and support Phone Volunteer exps Bank charges Thirty-one eight subs and charges Miscellaneous Equipment CAP - Bradford Surplus for the year |
280.00 370.11 121.68 232.00 95.09 |
2023 2022 £ £ 10,023.92 10,023.92 4,186.08 8,150.00 7,504.60 5,631.00 |
|---|---|---|
| 21,714.60 23,804.92 7,202.01 9,073.73 165.82 401.95 320.63 310.63 195.00 136.22 156.00 - 701.74 1,432.28 1,098.88 1,033.68 329.00 - 6,000.00 6,000.00 |
||
| 16,169.08 18,388.49 |
||
| 5,545.52 5,416.43 |
King's Lynn Debt Centre Income and Expenditure Accounts Year ended 31st December 2023
| Current assets Debtors Bank Current liabilities Creditors NET ASSETS REPRESENTED BY Unrestricted accumulated surplus b/f Surplus for the year Total funds |
2023 2022 £ £ 26,478.84 20,933.32 |
|---|---|
| 26,478.84 20,933.32 - |
|
| 26,478.84 20,933.32 20,933.32 15,516.89 5,545.52 5,416.43 |
|
| 26,478.84 20,933.32 |
We would like to thank everyone who has donated to the King's Lynn Debt Centre this year, your generosity is amazing and we are very grateful.
A big thank you to Laura for all her hard work and heading up a great team and a massive thank you to all the volunteers, whether you go out and see clients, do the admin or support in prayer you are invaluable.
The main expenditure this year has been Steve's salary and the contribution to CAP Bradford.
The partner churches are Cornerstone King's Lynn Baptist Church, Church of the Woottons, The King's Centre and King's Lynn Evangelical Church.