2022-04-05-accounts

					SCRP reference
Summary ofthe purposes the charity as set out in its governing document				of	Para 1.17	The relief offinancial hardship through the provision ofsupport and access to free financial advice and assistance to
						people with debt-related problems living
						in the Sidcup, LBof Bexley and Kent area
						and beyond who, through lack of means,
						would otherwise be unable to obtain
						su ort and advice.
Summary activities purposes benefit, in activities, identified		ofthe main in relation to those for the public particular, the projects or services in the accounts.			Para 1.17and 1.19	We increased our Admin personnel during the period and have created multiple links with local support agencies. Some ofthe clients have been complex due to the increased number of those with backgrounds ofvarious abuses, both physical and substance related. Our
						relationship with Pier Road Project, part ofthe
						South London and Maudsley NHS Foundation
						Trust based charity in Erith, Kent, has grown
						substantially with over 30calls over the period
						and nearly 80emails that were a mixture of
						referrals and ongoing cases. We reiterate that
						the number ofclients does not necessarily
						mirror how busy we have been. One client
						having complicated debts can absorb more
						working hours than several 'straightforward'
						clients put together.
						In common with every organisation, the
						Coronavirus pandemic changed our working
						practices. Face-to-face meetings were replaced
						with Zoom video calls and office working was
						moved to home working. All records were
						transferred to on-line as access to paper files
						was replaced with pdfs. Consequently, as
						people grappled with the pandemic the
						number oftotal hours spent in client
						appointments fell to a low of15(202020/21j.
						However, over 1,220 (1,025 2020/21) emails
						were exchanged over client debts, with some
						emails having multiple layers behind them.

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	SORP reference
		SDA started the year with nine clients
Summary ofthe main achievements ofthe charity, identifying the difference the charity's work has made to the circumstances of its beneficiaries and any wider benefits to society as a whole.	Para 1.20	(eight 2020/21), we took on a further twenty new clients during the year (seven 2020/21), 13ofwhom were opened and closed in the period (two 2020/21) leaving a client position at the period end of sixteen (nine 2020/21) managing a total debt of8312,730. During 2021/22 creditors agreed to write off unpayable debts off20,108,thereby freeing clients
		from guilt, worry and stress, helping
		them to re-establish a stable, fruifful and
		fulfilling life.

Achievements against	Para 1.41
objectives set
Performance offundraising
activities against objectives	Para i 41
set
Investment performance	Para 1.41
against objectives
Other

Financial Review	Financial Review
Review ofthe charity's financial position at the ofthe period		end	Para 1.21	The charity's costs for the its Income but the Trustees that the reserves combined				year exceeded are positive with future
				grants will	enable		itto continue		into the
				future.
Statement explaining the policy for holding reserves stating why they are held			Para 1.22	The charity's currently policy on reserves is to ensure there are sufficient funds to meet the essential costs for the following
				year.
Amount ofreserves	held		Para 1.22	11974
Reasons for holding	zero		Para 1.22	n/a
reserves
Details of fund materially		in	Para 1.24	No funds were in			deficit
deficit
Explanation ofany			Para 1.23	No concerns
uncertainties about the
charity continuing as	a going
concern
Additional information		(optional)
You ma choose to include further statements				where relevant		about
				A grant from		a local charity,		the Harenc
The charity's principal				Community Trust, helped to continue to fund the admin assistant.
sources offunds (including any fundraising)			Para 1.47	A grant from another local body, William Kendall's Charity, provided funds for
				training
				A grant was	obtained from the National
				Lotte to hei		fund art-time staff.
Investment policy and
objectives including any			Para 1.46
social investment policy
adopted
A description ofthe principal			Para 1.46
risks facing the charity
Other

Description ofcharity's
trusts:
Type ofgoverning document		Para 1.25	Constitution
(trust deed, royal charter)
How is the charity constituted?		Para 1.25	Charitable		Incorporated	Organisation
(e.g unincorporated
association, CIO
Trustee selection methods including details of any		Para 1.25	Appointed		by existing Trustees
constitutional provisions election to post or name	e.g. of
any person or body entitled
to appoint one or more
trustees
Additional information	(optional)
You ma choose to include further statements			where relevant		about:
Policies and procedures
adopted for the induction	and	Para 1.51
training oftrustees
			The charity	is affiliated to the national
The charity's organisational			money advice charity Community Advice				Money
structure and any wider		Para 1.51
network with which the
charity works
Relationship with any related		Para 1.51
parties
Other

Refer	ence an	d A	dmini	strative	details
Charit	name			Sidcu	Debt Advice
Other name the charit			uses
Re istered chari		number		1169856
Charity's	principal	address		24 Station Road
				Sidcup
				Kent
				DA15	?DU

Name	s ofthe cha	rity trust	ees who manage the	charity
	Trustee name Mr Michael	John	Office (ifany) Chair	Dates acted Ifnot for whole ear	Name to a	ofperson (or body) entitled oint trustee if an
	Conway
	Mr Charles	Edward	Treasurer/Secretary
	January
	Mr Michael	Pinnard
	Mr Paul William			12/07/2021
	Hurren
5
6
7
8
9
10
11
12
13
14
15
16
17
18
19
20

Chart ofAc	counts:			D	efault Layout ofAcco	unts
					Period		Year to Date
Sales
Donations					0.00		5.00
Grants					0.00		4,670.00
Other Income					0.00		52.55
						0.00		4,727.55
Purchases
Cost of Charitable Activities					0.00		120.00
						0.00		120.00
Direct Expenses
						0.00		0.00
Gross Profit/(Loss):						0.00		4,607.55
Overheads
Support Costs	- Printing	and Stationery			0.00		80.49
Support Costs	- Telephone		and Computer		479.00		702.87
Support Costs	- General	Expenses			0.00		2,058.70
Management Management	8r Admin IAdmin	- Gross Wages - Professional		Fees	416.25 0.00		4,673.75 35.00
						895.25		7,550.81
Net Profit/(Loss):						(895.25)		(2,943.26)

Chart ofAccounts: D	efault Layout ofAcco	unts
	Period		Yearto Date
Fixed Assets
		0.00		0.00
Current Assets
Bank Account	0.00		11,974.09
		0.00		11,974.09
Current Liabilities
Bank Account	895.25		0.00
		895.25		0.00
Current Assets less Current Liabilities:		(895.25)		11,974.09
Total Assets less Current Liabilities:		(895.25)		11,974.09
Long Term Liabilities
		0.00		0.00
Total Assets less Total Liabilities:		(895.25)		11,974.09
Capital tk Reserves
Funds	0.00		14,917.35
P ik LAccount	(895.25)		(2,943.26)
		(895.25)		11,974.09