2022-03-31-accounts - Enfield Churches Debt Centre

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Trustees’ Annual Report for the period

From 01/04/2021 Period start date To 31/03/22 Period end date

Charity name: Enfield Churches Debt centre

Charity registration number: 1191279

Objectives and Activities

	SORP reference
Summary of the purposes of the charity as set out in its governing document	Para 1.17	The Trust has been incorporated as a Charitable Incorporated Organisation (CIO) as Enfield Churches Debt Centre (ECDC). The purpose of the ECDC is a) The relief of poverty for persons in the London Borough of Enfield (LBE) through debt advice and support. b) The advancement of education of the public in all matters relating to the management of their personal finances in the LBE. c) The advancement of the Christian Faith in the LBE through care, compassion and relevant practical and spiritual help.
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	In this financial period ECDC gained links with Churches to partner with the charity and to make a financial commitment to support the charity for the public benefit
Statement confirming whether the trustees have had regard to the guidance issued by the Charity Commission on public benefit	Para 1.18	The Trustees have had regard for the guidance issued by the Charity Commission in relation to public benefit.

Additional information (optional)

You may choose to include further statements where relevant about:

SORP reference N/A Para 1.38 Policy on grant making

N/A Para 1.38 Policy on social investment including program related investment Befrienders assist the Debt Manager when dealing with clients. Para 1.38 Contribution made by volunteers 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	A Debt Centre manager and a Treasurer have been appointed. Clients are introduced to the Manager via the CAP Head office website. The Manager then contacts the clients to arrange meetings to go through their financial position and help them to build a budget to deal with their debt and eventually become debt free. This process may involve the activation of a Debt Relief Order in particular cases. The manager is assisted by appointed Befrienders who deal with specific clients to help continuity and encourage the client through each stage of the process. The CIO is overseen by seven Trustees who hold regular meetings. These meetings include the review of finances and asses the progress of the Manager in obtaining and the success in dealing with clients through each stage of the debt free process. In addition CAP Money courses of three weekly sessions are periodically run and are available for Debt Centre clients and other persons who register to be Delegates via the CAP website. Since the Manager was appointed, 17 clients have applied. One has completed the course, many of the others are in the stages of completing the process. This work can take some time and requires patience and endurance. The Trustees are happy with the progress to date. A periodic newsletter is produced for distribution to interested parties.

Additional information (optional)

You may choose to include further statements where relevant about:

Achievements against objectives set	Para 1.41	The Trustees are happy that the objectives of recruitment of a Debt Centre manager and appointment of a Treasurer, Befrienders and additional Trustees have been met.

	Performance of fundraising activities against objectives set Para 1.41 No specific objectives were set as such but mainly to increase the reach of the Charity to other Enfield Churches and consequently their financial support. This is an ongoing objective. Investment performance against objectives Para 1.41 N/A Other

Financial Review

Financial Review
Review of the charity’s financial position at the end of the period	Para 1.21	At the end of the financial period the Charity had £31,153 in funds
Statement explaining the policy for holding reserves stating why they are held	Para 1.22	A reserve is held to cover the costs of the Charity for a period of 12 months after closure in accordance with the agreement with CAP and to allow for notice to be paid to Debt Centre workers
Amount of reserves held	Para 1.22	£15,000
Reasons for holding zero reserves	Para 1.22	N/A
Details of fund materially in deficit	Para 1.24	N/A
Explanation of any uncertainties about the charity continuing as a going concern	Para 1.23	There are no uncertainties regarding the Charity continuing as a going concern.

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	The Charity’s main source of funds are from partner Churches who commit to regular giving to support the aims of the ECDC, and from grants to enable the Charity to continue and expand its activities.
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	The principal risks to the ECDC are lack of funding from local Churches and a lack of volunteers and employees to carry out the work of the Charity.
Other

Structure, Governance and Management

Description of charity’s trusts:
Type of governing document (trust deed, royal charter)	Para 1.25	The Constitution of the Trust
How is the charity constituted? (e.g unincorporated association, CIO)	Para 1.25	CIO
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	The Trustees are appointed having regard to the skills, knowledge and experience required for the successful running of the ECDC. Trustees are appointed by resolution at a Trustees meeting and hold a term of a minimum of three years with the exception of the first appointments, some of which were for one year and two years to ensure the terms of service of all Trustees did not expire together.

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	ECDC is partnering with Christians Against Poverty (CAP UK)
Relationship with any related parties	Para 1.51	For the period in the financial year until their resignations, Trustees Mark Meatcher and Melanie Smith were related parties in the Charity.
Other

Reference and Administrative details

Charity name	Enfield Churches Debt Centre
Other name the charity uses	ECDC
Registered charity number	1191279

	Charity’s principal address 47 London Road Enfield EN2 6DS

Names of the charity trustees who manage the charity

	Trustee name	Office (if any)	Dates acted if not for whole year
1 2 3 4 5 6 7 8 9 10 11 12 13 14 15 16 17 18 19 20	Nick Chanda	Chair
	Katherine Bleasdale-Barr
	Hayley Harding
	Peter Dufton
	Peter Desmond		Appointed 13 September 2021
	Robert Bell		Appointed 13 September 2021
	Kumar Rajagopalan		Appointed 14 September 2021

	Resigned Trustees
	Mark Meatcher		Resigned 31 October 2021
	Melanie Smith		Resigned 30 September 2021

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) Katherine Bleasdale-Barr Peter Desmond

Position (eg Secretary Trustee Secretary, Chair, etc) Date 12 January 2023

	Enfield Churches Debt Centre	Enfield Churches Debt Centre	Enfield Churches Debt Centre	1191279

	Receipts andpayments accounts
	For the period from	1-Apr-21	To	31-Mar-22


Section A Receipts and payments
	Unrestricted funds	Restricted funds	Endowment funds	Total funds
	to the nearest £	to the nearest £	to the nearest £	to the nearest £
A1 Receipts
Church giving	12,893	-	-	12,893
Personal giving	2,515	-	-	2,515
One-off gifts	3,000	-	-	3,000
Other giving	3,246	-	-	3,246
Gift Aid	1,625	-	-	1,625
Grants	10,000	-	-	10,000
Interest received	4	-	-	4
	- 0	-	-	-
*Sub total*_(Gross income for AR) _	33,283	-	-	33,283

A2 Asset and investment sales, (see table).
	- 0	- 0	- 0	-
	- 0	- 0	- 0	-
*Sub total*	- 0	- 0	- 0	-

**Total receipts **	33,283	- 0	- 0	33,283

A3 Payments
Salaries and PAYE	10,895	-	-	10,895
Employers pensions	1,456	-	-	1,456
CAP UK fees	6,600	-	-	6,600
Insurance	360	-	-	360
Mobile phones and computers	1,078	-	-	1,078
Travel & subsistence	129	-	-	129
Prof fees	72	-	-	72
Rent	50	-	-	50
Sundries	80	-	-	80
**Sub total **	20,720	-	-	20,720

A4 Asset and investment purchases,(see table)
	- 0	- 0	- 0	-
	- 0	- 0	- 0	-
**Sub total **	- 0	- 0	- 0	-

**Totalpayments **	20,720	- 0	- 0	20,720

**Net of receipts/(payments) **	12,563	-	-	12,563
A5 Transfers between funds	- 0	-	-	-
A6 Cash funds last year end	18,590	-	-	18,590
**Cash funds thisyear end **	31,153	-	-	31,153


Section B Statement of assets and liabilities at the end of the period
Categories	Details		Unrestricted funds	Restricted funds
			to nearest £	to nearest £
B1 Cash funds	Bank current account		14,649	-
	Bank savings account		16,504	-

CCXX R1 accounts (SS)

19/01/2023

		-	-
	*Total cash funds*	31,153	-
	(agree balances with receipts and payments account(s))	OK
		Unrestricted funds	Restricted funds
	Details	to nearest £	to nearest £
B2 Other monetary assets		-	-
		-	-
		-	-
		-	-
		-	-
		-	-

	Details	Fund to which asset belongs	Cost (optional)
B3 Investment assets			-
			-
			-
			-
			-

	Details	Fund to which asset belongs	Cost (optional)
B4 Assets retained for the charity’s own use			-
			-
			-
			-
			-
			-
			-
			-
			-

	Details	Fund to which liability relates	Amount due (optional)
B5 Liabilities	HMRC	Current	87
	Pension	Current	146
			-
			-
			-

Signed by one or two trustees on behalf of all the trustees	Signature	Print Name
		Katherine Bleasdale-Barr
		Peter Desmond

CCXX R2 accounts (SS)

19/01/2023

CC16a Last year to the nearest £ 9,502 350 - 7,238 - 1,500 - - 18,590 - 0 - 0 18,590 - - - - - - - - - - - 0 - 0 18,590 - - 18,590 Endowment funds to nearest £ - -

CCXX R3 accounts (SS)

19/01/2023

- OK Endowment funds to nearest £ - - - - - - Current value (optional) - - - - - Current value (optional) - - - - - - - - - When due (optional) Date of approval 12 January 2023 12 January 2023

Date of approval

CCXX R4 accounts (SS)

19/01/2023

22/01/2023, 14:50

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