## **Trustees’ Annual Report for the period**
## **From 01/04/2022 Period start date To 31/03/2023 Period end date**
## **Charity name: SIDCUP DEBT ADVICE**
## **Charity registration number:1169856**
## **Objectives and Activities**
||SORP reference||
|---|---|---|
|Summary of the purposes of
the charity as set out in its
governing document|Para 1.17|**The relief of financial hardship through the**
**provision of support and access to free**
**financial advice and assistance to people with**
**debt-related problems living in the Sidcup, LB**
**of Bexley and Kent area and beyond who,**
**through lack of means, would otherwise be**
**unable to obtain support and advice.**|
|Summary of the main
activities in relation to those
purposes for the public
benefit, in particular, the
activities, projects or
services identified in the
accounts.|Para 1.17 and
1.19|Throughout the year Sidcup Debt Advice (SDA)
continued to undertake the active business of
the provision of free debt advice. All such
activities are undertaken with regard to the
guidance issued by the Charity Commission on
public benefit.
Although all advisers have been trained to the
required level, all advisers continue to be
encouraged to undertake CPD with
Wiseradviser. This is to ensure the service that
is provided is of as high a quality as possible
and to the benefit of the public, as per both the
requirements of the FCA and the guidance
issued by the Charity Commission.
We continue to develop the multiple links with
local support agencies that we created last
year. For example, our relationship with Pier
Road, an NHS based charity in Erith, Kent,
whose client base has complex needs, has
grown substantially and we are in weekly
contact. We reiterate that the number of
clients 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.|
|||We have found that the working practices we
adopted due to the Coronavirus pandemic
continues to serve us well. Zoom video calls
continue to be preferred to face-to-face
meetings and office working has been replaced
by home working. The remote working model
has been successful in more flexible working
practices and hours. It is now standard for
records to be supplied and maintained on-line
with pdfs. The number of client appointments
were 16 (15 2021/22). However, over 2,280
(1,220 2021/22) emails were exchanged
associated with client debts - some emails
having multiple layers behind them.
The three dedicated mobile devices using a
charity bundle from Tesco Mobile have
continued to be invaluable in communication
with clients, especially via WhatsApp. Our use
of Twitter and Facebook has increased but still
have not resulted in any clients during the
period.
It is not possible, unfortunately, to help
everyone who contacts us. During the year we
received 35 (27 2021/21) calls from people
seeking assistance for the first time. Some
people who get in touch do not follow through
with the offer of free debt advice, some have
more debts than our resources can manage
and some are referred to other agencies, e.g.
Stepchange, as their mode of operation is more
beneficial to them. Some start the process, i.e.
contact us and are booked for a consultation,
but never follow through. Work relating to
these activities is difficult to quantify and
therefore are not included in the above. SDA
also had 20 calls on the Voicemail associated
with current clients – these can be the client
calling or a Creditor.|
|---|---|---|
|Statement confirming
whether the trustees have
had regard to the guidance
issued by the Charity
Commission on public
benefit|Para 1.18|**Throughout the year Sidcup Debt Advice (SDA)**
**continued to undertake the active business of**
**the provision of free debt advice. All such**
**activities are undertaken with regard to the**
**guidance issued by the Charity Commission on**
**public benefit.**|
## **Additional information (optional)** You may choose to include further statements where relevant about:
||SORP reference||
|---|---|---|
|Policy on grant making|Para 1.38|**Sidcup Debt Advice does not make**
**grants**|
|Policy on social investment
including program related
investment|Para 1.38||
|---|---|---|
|Contribution made by
volunteers|Para 1.38|**Although all advisers have been trained**
**to the required level, all advisers**
**continue to be encouraged to undertake**
**CPD with Wiseradviser. This is to**
**ensure the service that is provided is of**
**as high a quality as possible and to the**
**benefit of the public, as per both the**
**requirements of the FCA and the**
**guidance issued by the Charity**
**Commission.**|
|Other|||
## **Achievements and Performance**
||SORP reference||
|---|---|---|
|Summary of the main
achievements of the 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|SDA started the year with sixteen clients, we
took on a further 38 new clients during the
year, 33 of whom were closed in the period
leaving a net at the period end of 21 managing
a total debt of £294,881.13. Some of the
clients have been complex due to the
increased number of those with backgrounds
of various abuses both physical and drug
related. Our relationship with Pier Road charity
in Erith, Kent has grown substantially with
weekly calls ongoing and approximately 16
client meetings throughout the year.|
## **Additional information (optional)** You may choose to include further statements where relevant about:
||||
|---|---|---|
|Achievements against
objectives set|Para 1.41||
|Performance of fundraising
activities against objectives
set|Para 1.41||
||||
|---|---|---|
|Investment performance
against objectives|Para 1.41||
|Other|||
## **Financial Review**
|**Financial Review**|||
|---|---|---|
|Review of the charity’s
financial position at the end
of the period|Para 1.21|**The charity’s costs for the year**
**exceeded its income but the Trustees**
**are positive that the reserves combined**
**with future grants will enable it to**
**continue into the future. The Trustees**
**continue to monitor the financial**
**position at each Trustee meeting**|
|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 of reserves held|Para 1.22|**7398**|
|Reasons for holding zero
reserves|Para 1.22|**n/a**|
|Details of fund materially in
deficit|Para 1.24|**No funds were in deficit**|
|Explanation of any
uncertainties about the
charity continuing as a going
concern|Para 1.23|**The Trustees are confident that further**
**income can be obtained to ensure the**
**going concern of the charity**|
|**Additional information (optional)**
You may choose to include further statements|**Additional information (optional)**
You may choose to include further statements|where relevant about:|
|---|---|---|
|The charity’s principal
sources of funds (including
any fundraising)|Para 1.47|**A grant from a local charity, the Harenc**
**Community Trust, helped to continue to**
**fund the admin assistant.**
**A grant from another local body, William**
**Kendall’s Charity, provided funds for**
**training**
**Grants were obtained from churches in**
**Sidcup, Kent**|
|Investment policy and
objectives including any
social investment policy
adopted|Para 1.46|**n/a**|
|A description of the principal
risks facing the charity|Para 1.46|**Failure to obtain new or increased**
**funding would result in a reduction of**
**paid staff and thereby the services the**
**charity would be able to provide.**|
|Other|||
## **Structure, Governance and Management**
|Description of charity’s
trusts:|||
|---|---|---|
|Type of governing document
(trust deed, royal charter)|Para 1.25|**Constitution**|
|How is the charity
constituted?
(e.g unincorporated
association, CIO)|Para 1.25|**Charitable Incorporated Organisation**|
|Trustee selection methods
including details of any
constitutional provisions e.g.
election to post or name of
any person or body entitled
to appoint one or more
trustees|Para 1.25|**Appointed by existing Trustees**|
## **Additional information (optional)** You may choose to include further statements where relevant about:
||||
|---|---|---|
|Policies and procedures
adopted for the induction
and training of trustees|Para 1.51||
|The charity’s organisational
structure and any wider
network with which the
charity works|Para 1.51|**The charity is affiliated to the national**
**money advice charity Community**
**Money Advice – charity number 1111436**|
|Relationship with any
related parties|Para 1.51||
|Other|||
## **Reference and Administrative details**
|Charity name|Sidcup Debt Advice|
|---|---|
|Other name the charity uses||
|Registered charity number|1169856|
|Charity’s principal address|24 Station Road
Sidcup
Kent
DA15 7DU|
|||
## **Names of the charity trustees who manage the charity**
|1
2
3
4
5
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17
18
19
20|**Trustee name**|**Office (if any)**|**Dates acted if not for whole**
**year **|**Name of person (or body) entitled**
**to appoint trustee (ifany)**|
|---|---|---|---|---|
||Mr Michael John
Conway|Chair|||
||Mr Charles Edward
January|Treasurer/Secretary|||
||Mr Michael Pinnard||||
||Mr Paul William
Hurren||||
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## – Corporate trustees names of the directors at the date the report was approved
**Director name**
Name of trustees holding title to property belonging to the charity
**Trustee name Dates acted if not for whole year**
## **Funds held as custodian trustees on behalf of others**
Description of the assets held in this capacity
Name and objects of the charity on whose behalf the assets are held and how this falls within the custodian charity’s objects Details of arrangements for safe custody and segregation of such assets from the charity’s own assets
## **Additional information (optional)**
## **Names and addresses of advisers (Optional information)**
|**Type of**|**Name**|**Address**|
|---|---|---|
|**adviser**|||
**Name of chief executive or names of senior staff members (Optional information)**
## **Exemptions from disclosure**
Reason for non-disclosure of key personnel details
## **Other optional information**
## **Declarations**
**The trustees declare that they have approved the trustees’ report above.**
**Signed on behalf of the charity’s trustees**
|**Signature(s)**
**Full name(s)**
**Position (eg Secretary,**
**Chair, etc)**
**Date**|||
|---|---|---|
||Charles Edward January||
||
Secretary||
||28/01/2024||
||28/01/2024||
Date: 3010812023
Time." 13:44'25
Sidcu
Debt Advice
Profit and Loss
Page..
From:
Month 12, March 2023
Month 12, March 2023
Chart of Accounts:
Defautt Layout of Accounts
Yearto Date
Sales
Donations
Grants
1,180.17
6,170.CK)
7,350.17
Purchases
0.00
Dirert Expenses
0.00
Gross Profitl(Loss):
Overheads
Support Costs - Prlnting and Stattollery
Support Costs - Telephone and Compltsr
Supwrt Costs - General Expenses
Management & Admin - Gross Wages
Management & Admin - Professional Fees
7,350.17
130.51
268.87
1,833.70
9,658.25
35.00
I,1.00
1,009.40
11,926.33
Net Profit/(Loss).'
(1,009.40)
(4,576.16)
Date: 3010812023
Time: 13.'44:50
Sidcu
Debt Advice
Balance Sheet
Page:
From:
To:
Nonth 12, March 2023
Month 12, March 2023
Chart of Accounts.
Default Layout of Accounts
Period
Year to Date
Fixed Assets
0.00
Current Assets
Bank Account
7,397.93
7,397.93
Current Llabllittes
Bank Account
I,CK)9.40
I,¢X)9.40
(I,CK)9.40)
(I,(J)9.40}
0.00
7,397.93
7,397.93
Current Assets less Current Liablllties:
Total Assets less Curyent Liabilities..
Long Term Liabilities
0.0
Total Assets less Total Liabilitles."
Capital & Reserves
Funds
P & L Account
(1,009.40)
7,397.93
11,974.09
{4,576.16)
(I,C09.40)
(I.IX>9.40)
7,397.93