TRUSTEES’ REPORT AND ACCOUNTS
4[th] year from 1[st] January 2022 to 31[st] December 2022
GENERAL INFORMATION
Trustees John Barr David Chubb Tony Cornfield (Chair) Harry Pepper Manager Amanda Heath, IMA Cert. CIO Registration Number 1180798 FCA registration number 728612 Registered Offices The Fox, Leicester St, Melton Mowbray LE13 0PP Operational Address The Fox, Leicester St, Melton Mowbray LE13 0PP Bankers Charities Aid Foundation NatWest (Client Funds) Independent Examiner Mike Alexander, CPFA (Retired)
1
The trustees present their report and accounts for the period ending 31[st] December 2022. Reference and administrative information set out on page 1 forms part of this report. The financial statements comply with current statutory requirements and the charity’s constitution and have been prepared on the basis of section 133 of the Charities Act 2011.
INTRODUCTION
Melton And District Money Advice Centre (MADMAC) is an independent, local, communityfocused charity, working to alleviate poverty caused by problem debt and lack of financial capability. Our service is completely free, and we offer face-to-face advice, education, practical assistance and ongoing support to anyone who needs it, regardless of background or circumstance. Our aim is simple; to help people lift themselves out of their current difficulties and get them back on their feet.
Our service is available to any adult client who is struggling with problem debt regardless of any background, ethnicity, sexuality, religion, age or any other factor. Our model is one of collaboration and partnership.
We operate on a whole person basis, working with individuals and families who are typically on low incomes or unemployed, often with long term physical or mental health problems and with complex social and family issues.
By working with our clients one-to-one and face-to-face where possible, we’re able to help them understand and work through the implications of the budgeting and money management advice they are being given so as to facilitate long term financial independence.
Most clients make contact, or are referred to MADMAC at a point of debt crisis, where eviction is being threatened or bailiffs are at the door and they are faced with mounting debts. Being available to listen to each of their unique stories helps us build relationships which engender trust and commitment to see the process through to life changing outcomes. MADMAC can sometimes be their last hope.
OBJECTS AND ACTIVITIES
MADMAC’s purposes are, the prevention and relief of poverty for the public benefit in Melton Mowbray and surrounding Districts / Boroughs, by providing a free, confidential and impartial advice service concerning money and debt.
MADMAC’s activities are, the provision of a personalised package of care until financial freedom is gained, encouraging the reduction and occurrence of future debt problems.
MADMAC’s vision is to restore dignity and hope to those in need by reducing debt poverty and improving financial capability, through the following means:
-
a) Advise - We aim to reduce the harmful effect of unmanageable debt on individuals and families, by providing a comprehensive debt advice service which includes casework.
-
b) Equipping - We aim to reduce the number of individuals and families who fall into unmanageable debt, by providing education and resources on budgeting and practical day-to-day money management.
2
- c) Encouragement - We aim to increase the number of people who feel empowered to address the wider causes of their financial difficulties, by providing training, support and guidance wherever possible.
We act as advocates for our clients to ensure their voices are heard, mediating on their behalf whenever necessary. Our approach is to journey with our clients and support them each step of the way, working at their pace and adapting to their individual needs and abilities. Our open-ended support is available for as long as is needed.
REVIEW OF THE YEAR
Funding
With Big Lottery funding continuing, we have a firm foundation from which to plan and seek funding opportunities for both current and future needs.
We are grateful for Amanda’s passion and enthusiasm in presentations and grant applications that have secured all necessary funds with which to provide the MADMAC service. The details of these are in the Financial Report and Accounts that follow.
Clients
Post pandemic lifting of restrictions meant that the last quarter of 2021 had the highest ever number of referrals, at 90 (in Oct, Nov, Dec). From the beginning of 2022, the referral numbers tell their own story: 1[st] Q 100, 2[nd] Q 100, 3[rd] Q 110, only falling back in 4[th] Q to 68.
This gives a record total of 378 referrals compared to 272 in 2021, an increase of almost 40%
This increase in referrals has produced record numbers of open cases, with a record high of 186 being recorded at the end of June. Though there has been some increase in waiting times to be seen, all those who ask for help are being supported, whether that’s with benefits, debts or bankruptcy.
There has been a significant increase in the number of people (especially the elderly) asking for help with Benefits as the rate of inflation has risen during the year and compared to previous years. Non debt advice amounted to 23% of referrals.
Referrals continue to come from far and wide across the borough, and increasingly from the villages.
The latest worry has been what happens when people’s fixed rate mortgages come to an end and they can no longer afford to pay the higher interest rates.
Strangely there have been an increasing number of “No Shows”, despite them describing their circumstances as desperate. Multiple and repeated attempts are made to contact people by phone, text and letter, but because of the time being wasted, a policy of “3 strikes and you’re out” has had to be implemented.
It has been disappointing to see that organisations who would normally help clients with benefits advice and PIP claims are no longer doing so, referring them to MADMAC instead because it’s easier for them.
Social Media engagement continues to be an excellent means of raising awareness of MADMAC’s services and provides an easy way for people to investigating what MADMAC
3
can do for them. The online Budgeting tool gives easy access to one of the first steps in assessing somebody’s need for advice and support.
Stats
378 new clients were supported in the 12 months to 31[st] December and a total of 140 cases were open at year end.
| 2022 2021 2020 |
|
|---|---|
| New clients 378 272 200 |
|
| Self referrals 43% 42% 32% |
|
| Council or Housing 18% 19% 29% |
|
| Drug & Alcohol Centres 11% 15% 20% |
|
| NHS 12% 11% 6% |
|
| DWP 8% 3% 5% |
|
| Other 9% 10% 8% |
|
| Average Debt £9,300 £12,000 £11,700 |
|
| Median Debt £5,400 £7,000 £7,000 |
|
| Average No of Creditors 8 8 10 |
|
| Average No of Priority Debts 2 2 2 |
|
| Solely Reliant on Benefits 47% 41% 56% |
Despite the significant increase in numbers of clients, most indicators remain fairly constant with the possible exception of the amount of debt – both average and median debt has decreased. Hopefully this is an indicator that people are seeking help earlier.
Volunteers
MADMAC couldn’t offer the service that it does without our volunteers. During the year, a total of 7 volunteers provided a full range of support services, ranging from in depth one to one client support through to spreadsheet data input and analysis. We understand that the volunteer team have been referred to as the “Happy Crowd”, which sounds good to us.
Premises
The highlight of the year was the long awaited Official Opening of MADMAC at the Fox which had been delayed by the pandemic. We were thrilled and delighted to have both our MP Alicia Kearns and the Town Mayor Alan Hewson to officiate, together with guests including funders, refers and clients.
Prevention and Education
To the delight of the organisation and many in the community, this year saw the start of our Prevention and Education initiative in May, funded by Melton Building Society and led by James, our latest charismatic staff member. Working almost exclusively in schools to begin with, both primary and secondary throughout the borough and beyond, James has led class size and whole school interactive sessions covering every aspect of Money Management. Feedback has been wholeheartedly 5 star in every regard.
A few local business sessions have also been initiated to educate and support their staff members.
4
Partnership
This year saw the first year of our 2 year partnership with Melton Building Society get underway. It has been encouraging both from a financial and a local business / marketing perspective.
Our ongoing key partnerships are with all the organisations that refer people, pointing them towards us; our funders, both large and small, without whom we would struggle to simply exist and to the Community Money Advice (CMA) network which affords us all manner of technical and managerial resources.
Staffing
Amanda Heath is our founder, the Centre Manager and the inspiration behind all that MADMAC stands for and represents. Hetty Simpson has an invaluable part time role as Assistant Manager, supporting Amanda and managing the Charity’s administration and payroll functions. We also have a part time Debt Adviser, Michelle Ainge who has PR and Social Media skills to add to the mix.
This year we recruited James Sherrenham in a part time role to lead the Prevention and Education agenda, aimed primarily at school children.
Future Plans
-
To plan for and obtain ongoing sustainable funding with a special emphasis on recruiting local supporters giving regularly with Gift Aid where appropriate.
-
To initiate a franchise style trial of expanding MADMAC’s model and capability to the neighbouring district of Charnwood using CMA Connect but managed by Amanda
-
To recruit and train additional volunteers.
STRUCTURE, GOVERNANCE AND MANAGEMENT
MADMAC is a registered Charitable Incorporated Organisation (CIO) which is governed by a Board of Trustees who are either recruited by the Centre Manager or appointed by the existing trustees. All new trustees receive an induction to their role and the work of MADMAC. All trustees give their time voluntarily and receive no benefits from the charity. The day-to-day management of MADMAC is delegated to the Centre Manager, supported by part-time staff members and volunteers.
FINANCIAL REVIEW
Total incoming resources for the period amounted to £144,637 and resources expended on charitable activities were £117,843.
Unrestricted funds amounted to £66,963 at the year end.
No employee earned more than £60,000 during the year. The number of employed staff at year end was 4 (3 FTE)
Reserves Policy
In this our fourth year of existence, we recognised the need for free reserves, and have resolved to work towards having 25% of expected annual expenditure over the first 5 years. This will be achieved by increasing by 5% per year until 25% is reached at the end of the 5[th] year of existence.
5
The Trustees believe that this provides sufficient flexibility to cover temporary shortfalls in income, allowing MADMAC to continue its work whilst alternative plans are implemented.
CLIENT STORY
A single parent came to us, very distraught, as she had so much debt left by her late husband. On old style benefits, she was missing out on further help and had nearly £30,000 worth of debt. We helped deal with the debts by helping her to go through an Insolvency process, the fees for which we received from a charity. We also sourced money for a new fridge which helped her at a very difficult time.
She was overwhelmed by our help and finally feels she can move on, from not only the death of her late partner, but also the debt which was still associated with it. Her children are now in a much better place and she has now gone back to work as she feels her mental health is so much better.
She has also taken great advantage of our online budget planner to learn how to manage her money better and we also had conversations about growing her own vegetables in her garden!
Here was a very satisfied client who had tried previous debt advice but had been told to come back when she had £90 for the Insolvency fees.
We are so proud to partner with the registered charity Acts 435 which helps us raise money for such needs.
6
Melton and District Money Advice Centre 1180798 Receipts and payments accounts CC16a 01/01/2022 31/12/2022 For the period To from
Section A Receipts and payments
| A1 Receipts | Unrestricted funds to the nearest £ |
Restricted funds to the nearest £ |
Endowment funds to the nearest £ |
Total funds to the nearest £ |
Last year to the nearest £ |
|---|---|---|---|---|---|
| Courses | 200 100 28,833 3,451 20,000 312 - 52,895 |
- 24,743 - - 66,999 - - 91,742 |
- - - - - - - - |
200 24,843 28,833 3,451 86,999 312 - 144,637 |
5,000 |
| Donations-For Clients | 10,600 | ||||
| Donations-Individuals | 27,535 | ||||
| Donations-Organisations | 10,402 | ||||
| Grants | 70,539 | ||||
| Sundry Receipts | 7 | ||||
| - | |||||
| Sub total(Gross income for AR) |
124,083 |
A2 Asset and investment sales, (see table).
-
7
----- Start of picture text -----
Sub total - - - - -
Total receipts 52,895 91,742 - 144,637 124,083
A3 Payments
Accountancy
- 568 - 568 367
Advertising
204 - - 204 271
Catering
22 176 - 197 181
Client Aid
66 10,379 - 10,445 5,150
Client Debt Solutions
120 4,270 - 4,390 5,910
Insurance
647 - - 647 632
Other Admin (IT & Safeguarding)
28 1,425 - 1,453 6,793
Premises
-
5,197 5,197 4,826
Professional Association Fees
-
1,860 1,860 1,308
Salaries
12,124 74,831 86,955 66,227
Stationery, Printing & Postage
148 1,277 1,425 1,164
Sundry Expenses
80 155 235 -
Telephone
- 424 424 566
Training
379 470 849 160
Travel
138 955 1,093 478
Volunteer Expenses
27 - 27 -
Volunteer Welfare
----- End of picture text -----
8
----- Start of picture text -----
290 - 290 319
- - - - -
Sub total
14,274 101,986 - 116,259 94,355
----- End of picture text -----
A4 Asset and investment purchases, (see table) Office Equipment
----- Start of picture text -----
Office Equipment
250 1,334 - 1,584 1,087
- - - -
Sub total
250 1,334 - 1,584 1,087
Total payments 14,524 103,319 - 117,843 95,442
-
Net of receipts/(payments)
38,372 11,578 - 26,794 28,641
A5 Transfers between funds
- - - - -
A6 Cash funds last year end
28,591 54,562 - 83,153 54,512
Cash funds this year end
66,963 42,984 - 109,947 83,153
----- End of picture text -----
Section B Statement of assets and liabilities at the end of the period
| Categories B1 Cash funds |
Details Bank a/c current |
Unrestricted funds to nearest £ 4,482 |
Restricted funds to nearest £ |
Endowment funds to nearest £ |
|---|---|---|---|---|
| Bank a/c current | 4,482 | - |
9
B2 Other monetary assets
B3 Investment assets
B4 Assets retained for the charity’s own use
----- Start of picture text -----
Bank a/c - savings
62,481 31,450 -
Bank a/c - client funds
- 11,534 -
Total cash funds -
66,963 42,984
(agree balances with receipts and payments
account(s)) OK OK OK
Unrestricted Restricted Endowment
funds funds funds
Details to nearest £ to nearest £ to nearest £
- - -
- - -
- - -
- - -
- - -
Fund to which Current value
Cost (optional)
Details asset belongs (optional)
- -
- -
- -
- -
Fund to which Current value
Cost (optional)
Details asset belongs (optional)
Computing equipment Restricted
- -
Photocopier Restricted
- -
----- End of picture text -----
10
B5 Liabilities
Signed by one or two trustees on behalf of all the trustees
Office furniture Restricted - Various small office items Restricted Fund to which Amount due When due Details liability relates (optional) (optional) - - - - - Date of Signature Print Name approval Tony Cornfield 12/10/23
11
TRUSTEES’ REPORT AND ACCOUNTS
4[th] year from 1[st] January 2022 to 31[st] December 2022
GENERAL INFORMATION
Trustees John Barr David Chubb Tony Cornfield (Chair) Harry Pepper Manager Amanda Heath, IMA Cert. CIO Registration Number 1180798 FCA registration number 728612 Registered Offices The Fox, Leicester St, Melton Mowbray LE13 0PP Operational Address The Fox, Leicester St, Melton Mowbray LE13 0PP Bankers Charities Aid Foundation NatWest (Client Funds) Independent Examiner Mike Alexander, CPFA (Retired)
1
The trustees present their report and accounts for the period ending 31[st] December 2022. Reference and administrative information set out on page 1 forms part of this report. The financial statements comply with current statutory requirements and the charity’s constitution and have been prepared on the basis of section 133 of the Charities Act 2011.
INTRODUCTION
Melton And District Money Advice Centre (MADMAC) is an independent, local, communityfocused charity, working to alleviate poverty caused by problem debt and lack of financial capability. Our service is completely free, and we offer face-to-face advice, education, practical assistance and ongoing support to anyone who needs it, regardless of background or circumstance. Our aim is simple; to help people lift themselves out of their current difficulties and get them back on their feet.
Our service is available to any adult client who is struggling with problem debt regardless of any background, ethnicity, sexuality, religion, age or any other factor. Our model is one of collaboration and partnership.
We operate on a whole person basis, working with individuals and families who are typically on low incomes or unemployed, often with long term physical or mental health problems and with complex social and family issues.
By working with our clients one-to-one and face-to-face where possible, we’re able to help them understand and work through the implications of the budgeting and money management advice they are being given so as to facilitate long term financial independence.
Most clients make contact, or are referred to MADMAC at a point of debt crisis, where eviction is being threatened or bailiffs are at the door and they are faced with mounting debts. Being available to listen to each of their unique stories helps us build relationships which engender trust and commitment to see the process through to life changing outcomes. MADMAC can sometimes be their last hope.
OBJECTS AND ACTIVITIES
MADMAC’s purposes are, the prevention and relief of poverty for the public benefit in Melton Mowbray and surrounding Districts / Boroughs, by providing a free, confidential and impartial advice service concerning money and debt.
MADMAC’s activities are, the provision of a personalised package of care until financial freedom is gained, encouraging the reduction and occurrence of future debt problems.
MADMAC’s vision is to restore dignity and hope to those in need by reducing debt poverty and improving financial capability, through the following means:
-
a) Advise - We aim to reduce the harmful effect of unmanageable debt on individuals and families, by providing a comprehensive debt advice service which includes casework.
-
b) Equipping - We aim to reduce the number of individuals and families who fall into unmanageable debt, by providing education and resources on budgeting and practical day-to-day money management.
2
- c) Encouragement - We aim to increase the number of people who feel empowered to address the wider causes of their financial difficulties, by providing training, support and guidance wherever possible.
We act as advocates for our clients to ensure their voices are heard, mediating on their behalf whenever necessary. Our approach is to journey with our clients and support them each step of the way, working at their pace and adapting to their individual needs and abilities. Our open-ended support is available for as long as is needed.
REVIEW OF THE YEAR
Funding
With Big Lottery funding continuing, we have a firm foundation from which to plan and seek funding opportunities for both current and future needs.
We are grateful for Amanda’s passion and enthusiasm in presentations and grant applications that have secured all necessary funds with which to provide the MADMAC service. The details of these are in the Financial Report and Accounts that follow.
Clients
Post pandemic lifting of restrictions meant that the last quarter of 2021 had the highest ever number of referrals, at 90 (in Oct, Nov, Dec). From the beginning of 2022, the referral numbers tell their own story: 1[st] Q 100, 2[nd] Q 100, 3[rd] Q 110, only falling back in 4[th] Q to 68.
This gives a record total of 378 referrals compared to 272 in 2021, an increase of almost 40%
This increase in referrals has produced record numbers of open cases, with a record high of 186 being recorded at the end of June. Though there has been some increase in waiting times to be seen, all those who ask for help are being supported, whether that’s with benefits, debts or bankruptcy.
There has been a significant increase in the number of people (especially the elderly) asking for help with Benefits as the rate of inflation has risen during the year and compared to previous years. Non debt advice amounted to 23% of referrals.
Referrals continue to come from far and wide across the borough, and increasingly from the villages.
The latest worry has been what happens when people’s fixed rate mortgages come to an end and they can no longer afford to pay the higher interest rates.
Strangely there have been an increasing number of “No Shows”, despite them describing their circumstances as desperate. Multiple and repeated attempts are made to contact people by phone, text and letter, but because of the time being wasted, a policy of “3 strikes and you’re out” has had to be implemented.
It has been disappointing to see that organisations who would normally help clients with benefits advice and PIP claims are no longer doing so, referring them to MADMAC instead because it’s easier for them.
Social Media engagement continues to be an excellent means of raising awareness of MADMAC’s services and provides an easy way for people to investigating what MADMAC
3
can do for them. The online Budgeting tool gives easy access to one of the first steps in assessing somebody’s need for advice and support.
Stats
378 new clients were supported in the 12 months to 31[st] December and a total of 140 cases were open at year end.
| 2022 2021 2020 |
|
|---|---|
| New clients 378 272 200 |
|
| Self referrals 43% 42% 32% |
|
| Council or Housing 18% 19% 29% |
|
| Drug & Alcohol Centres 11% 15% 20% |
|
| NHS 12% 11% 6% |
|
| DWP 8% 3% 5% |
|
| Other 9% 10% 8% |
|
| Average Debt £9,300 £12,000 £11,700 |
|
| Median Debt £5,400 £7,000 £7,000 |
|
| Average No of Creditors 8 8 10 |
|
| Average No of Priority Debts 2 2 2 |
|
| Solely Reliant on Benefits 47% 41% 56% |
Despite the significant increase in numbers of clients, most indicators remain fairly constant with the possible exception of the amount of debt – both average and median debt has decreased. Hopefully this is an indicator that people are seeking help earlier.
Volunteers
MADMAC couldn’t offer the service that it does without our volunteers. During the year, a total of 7 volunteers provided a full range of support services, ranging from in depth one to one client support through to spreadsheet data input and analysis. We understand that the volunteer team have been referred to as the “Happy Crowd”, which sounds good to us.
Premises
The highlight of the year was the long awaited Official Opening of MADMAC at the Fox which had been delayed by the pandemic. We were thrilled and delighted to have both our MP Alicia Kearns and the Town Mayor Alan Hewson to officiate, together with guests including funders, refers and clients.
Prevention and Education
To the delight of the organisation and many in the community, this year saw the start of our Prevention and Education initiative in May, funded by Melton Building Society and led by James, our latest charismatic staff member. Working almost exclusively in schools to begin with, both primary and secondary throughout the borough and beyond, James has led class size and whole school interactive sessions covering every aspect of Money Management. Feedback has been wholeheartedly 5 star in every regard.
A few local business sessions have also been initiated to educate and support their staff members.
4
Partnership
This year saw the first year of our 2 year partnership with Melton Building Society get underway. It has been encouraging both from a financial and a local business / marketing perspective.
Our ongoing key partnerships are with all the organisations that refer people, pointing them towards us; our funders, both large and small, without whom we would struggle to simply exist and to the Community Money Advice (CMA) network which affords us all manner of technical and managerial resources.
Staffing
Amanda Heath is our founder, the Centre Manager and the inspiration behind all that MADMAC stands for and represents. Hetty Simpson has an invaluable part time role as Assistant Manager, supporting Amanda and managing the Charity’s administration and payroll functions. We also have a part time Debt Adviser, Michelle Ainge who has PR and Social Media skills to add to the mix.
This year we recruited James Sherrenham in a part time role to lead the Prevention and Education agenda, aimed primarily at school children.
Future Plans
-
To plan for and obtain ongoing sustainable funding with a special emphasis on recruiting local supporters giving regularly with Gift Aid where appropriate.
-
To initiate a franchise style trial of expanding MADMAC’s model and capability to the neighbouring district of Charnwood using CMA Connect but managed by Amanda
-
To recruit and train additional volunteers.
STRUCTURE, GOVERNANCE AND MANAGEMENT
MADMAC is a registered Charitable Incorporated Organisation (CIO) which is governed by a Board of Trustees who are either recruited by the Centre Manager or appointed by the existing trustees. All new trustees receive an induction to their role and the work of MADMAC. All trustees give their time voluntarily and receive no benefits from the charity. The day-to-day management of MADMAC is delegated to the Centre Manager, supported by part-time staff members and volunteers.
FINANCIAL REVIEW
Total incoming resources for the period amounted to £144,637 and resources expended on charitable activities were £117,843.
Unrestricted funds amounted to £66,963 at the year end.
No employee earned more than £60,000 during the year. The number of employed staff at year end was 4 (3 FTE)
Reserves Policy
In this our fourth year of existence, we recognised the need for free reserves, and have resolved to work towards having 25% of expected annual expenditure over the first 5 years. This will be achieved by increasing by 5% per year until 25% is reached at the end of the 5[th] year of existence.
5
The Trustees believe that this provides sufficient flexibility to cover temporary shortfalls in income, allowing MADMAC to continue its work whilst alternative plans are implemented.
CLIENT STORY
A single parent came to us, very distraught, as she had so much debt left by her late husband. On old style benefits, she was missing out on further help and had nearly £30,000 worth of debt. We helped deal with the debts by helping her to go through an Insolvency process, the fees for which we received from a charity. We also sourced money for a new fridge which helped her at a very difficult time.
She was overwhelmed by our help and finally feels she can move on, from not only the death of her late partner, but also the debt which was still associated with it. Her children are now in a much better place and she has now gone back to work as she feels her mental health is so much better.
She has also taken great advantage of our online budget planner to learn how to manage her money better and we also had conversations about growing her own vegetables in her garden!
Here was a very satisfied client who had tried previous debt advice but had been told to come back when she had £90 for the Insolvency fees.
We are so proud to partner with the registered charity Acts 435 which helps us raise money for such needs.
6
Melton and District Money Advice Centre 1180798 Receipts and payments accounts CC16a 01/01/2022 31/12/2022 For the period To from
Section A Receipts and payments
| A1 Receipts | Unrestricted funds to the nearest £ |
Restricted funds to the nearest £ |
Endowment funds to the nearest £ |
Total funds to the nearest £ |
Last year to the nearest £ |
|---|---|---|---|---|---|
| Courses | 200 100 28,833 3,451 20,000 312 - 52,895 |
- 24,743 - - 66,999 - - 91,742 |
- - - - - - - - |
200 24,843 28,833 3,451 86,999 312 - 144,637 |
5,000 |
| Donations-For Clients | 10,600 | ||||
| Donations-Individuals | 27,535 | ||||
| Donations-Organisations | 10,402 | ||||
| Grants | 70,539 | ||||
| Sundry Receipts | 7 | ||||
| - | |||||
| Sub total(Gross income for AR) |
124,083 |
A2 Asset and investment sales, (see table).
-
7
----- Start of picture text -----
Sub total - - - - -
Total receipts 52,895 91,742 - 144,637 124,083
A3 Payments
Accountancy
- 568 - 568 367
Advertising
204 - - 204 271
Catering
22 176 - 197 181
Client Aid
66 10,379 - 10,445 5,150
Client Debt Solutions
120 4,270 - 4,390 5,910
Insurance
647 - - 647 632
Other Admin (IT & Safeguarding)
28 1,425 - 1,453 6,793
Premises
-
5,197 5,197 4,826
Professional Association Fees
-
1,860 1,860 1,308
Salaries
12,124 74,831 86,955 66,227
Stationery, Printing & Postage
148 1,277 1,425 1,164
Sundry Expenses
80 155 235 -
Telephone
- 424 424 566
Training
379 470 849 160
Travel
138 955 1,093 478
Volunteer Expenses
27 - 27 -
Volunteer Welfare
----- End of picture text -----
8
----- Start of picture text -----
290 - 290 319
- - - - -
Sub total
14,274 101,986 - 116,259 94,355
----- End of picture text -----
A4 Asset and investment purchases, (see table) Office Equipment
----- Start of picture text -----
Office Equipment
250 1,334 - 1,584 1,087
- - - -
Sub total
250 1,334 - 1,584 1,087
Total payments 14,524 103,319 - 117,843 95,442
-
Net of receipts/(payments)
38,372 11,578 - 26,794 28,641
A5 Transfers between funds
- - - - -
A6 Cash funds last year end
28,591 54,562 - 83,153 54,512
Cash funds this year end
66,963 42,984 - 109,947 83,153
----- End of picture text -----
Section B Statement of assets and liabilities at the end of the period
| Categories B1 Cash funds |
Details Bank a/c current |
Unrestricted funds to nearest £ 4,482 |
Restricted funds to nearest £ |
Endowment funds to nearest £ |
|---|---|---|---|---|
| Bank a/c current | 4,482 | - |
9
B2 Other monetary assets
B3 Investment assets
B4 Assets retained for the charity’s own use
----- Start of picture text -----
Bank a/c - savings
62,481 31,450 -
Bank a/c - client funds
- 11,534 -
Total cash funds -
66,963 42,984
(agree balances with receipts and payments
account(s)) OK OK OK
Unrestricted Restricted Endowment
funds funds funds
Details to nearest £ to nearest £ to nearest £
- - -
- - -
- - -
- - -
- - -
Fund to which Current value
Cost (optional)
Details asset belongs (optional)
- -
- -
- -
- -
Fund to which Current value
Cost (optional)
Details asset belongs (optional)
Computing equipment Restricted
- -
Photocopier Restricted
- -
----- End of picture text -----
10
B5 Liabilities
Signed by one or two trustees on behalf of all the trustees
Office furniture Restricted - Various small office items Restricted Fund to which Amount due When due Details liability relates (optional) (optional) - - - - - Date of Signature Print Name approval Tony Cornfield 12/10/23
11
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