Charlly Number 1195721 DEBT CENTRE GREENWICH A Charitablo Incorporatad Or8anl8atlon ICIOI Annual Accounts Period ended 31 December 2025 Debt Centre Greenwich CharSty Numbar 1195721 Report & FlnanclalStatement$forthe Period ended 31" DeGember2025 Conténts Page Charity Inform8tion Trustees Report Rèeeipts & Paym6nts Statement of Assetg & Li8bilities Independent Examlnèr's Report Raportofth• M4nag•m•ntComrnitt88 The Management Committee presents its report and independently examined financial 8tatemont8 forthe period ended 31" December 2025 Logo1 & AdmlnlstratN• Informatlon Charity Reglstration Number 1195721 Registered Office & Corre$pondon¢e Addres8 clo New L$al Advice Centre 124a Blaker Court Charlton LondonSE7 7EU Tru8ttse8= Andrew 8eswetheri¢k Ichairl Tamara Woodhouse Chri8topherAshworth David Angel (Appointed 22107120251 Indapgnd•nt Examinèr Vindhya Vlswanathan CommunltyAccountant BVSC ¢th•nY* Englne House Bexley, 2 Veridion Way. Erith. DA18 4AL 8anker8 The Co-oporative Bank POBox250 Delt HoL¢$¢ Skelmersdale WN8 6WT Structure, Governance and Management Debt Centre Greenwlch IDCGI was establish8d by 8 partnership of churches in Greenwich In March 2021. We are governed by the regulations set out in the Foundatlon Model constitution and run by a voluntary Board of Trustees. The organisation was reglstered with the Charity Commission on 6Th September 2021. Trustees 8re encouraged to take an actlV8 role In enabllng the organisation to fulfil its objectives. This allows trugtees to get 8 clear undeTSt8nding of what the charity does and the compl8xIty Involved In coordlnatlng activltles to rèspond to the needs of those who ara struggling with the con$equen¢es of Iln8nclal Insecurity and debt. In sele¢tlng individu81s for 8ppointment 8$ trustee8, regard 15 given to the ski118, knowledge and experien¢e needed for th8 tff8Ctlve administratlon of th8 charlty. The Board meets formally 6 tlm88 a year. whlch Include8 an annu81 meeting of supporters. Obl•ctlve8 and Actlvltles Ag gt8ted In our governing document, the objective8 of tho ¢h8rlty are.. The relief of flnancial h8rd8hlp through the PTovSslon ot gupport and acces8 to free fSn8nc181 edvlce 8nd 98Sl8tance to people with debt-related problems Ilving in the postcode area8 SE3, SE7, SE9, SE10, SE12, SE18 and parts of SE2. SE8, SE28, BR7 and DA15, who through lack of means woul0 otherwise be unaLile to obtain such support and advlce Th8 advancement of the Christlan faith 8nd do¢trlne In accordance wlth the Statement of bellef of Chrlstians Wlnst Poverty. Main actlvltlgs: The primary work of the ch8rlty18 Pfovldlng dèbt help lor those In tha communlty struggling wlth unmanagèable finanee8: Supportlng the cllent to complete 8 tull revlew of tholr Iln8n¢181 sltuotlon. Developlng a repayment budget 8nd 8 route Out of debt. Stepping in between creditois and cli8nt8 f8cllitatlng acce88 to quallfled debt advlsor8 to negotiate wlth cr8dltorpJ on baholt of cllents, Provlde support through th18 lourneyfrom ourt•am of tr81ned volunt8ers. R•latod Partner$hlp 06bt Centre Greenwlch operate our debt seNice e8 8 Conn6ct Cèntre with Community Money Advlce. We also have a partnership wlth CAP to dellver courses such as Life Skllls, delivering a Job Club and Money Management. Pollclo8 •nd Pro¢¢dure8 Through our affiliation wlth Communlty Money Advice ICMAI, Debt Centre Greenwich continues to operate within 8 robust fr8mework of policies and procedure8 that ensure servlces are dellv8rod In Ilne with recognised good pr8CtIC8 and regulatory standerds. CMA provides regular update8, training and guld8nce en8bling the centre to malntain compllance with advice Standards and regulatory 8xpect8tion3. The team undertakes ongoing profe5sion81 development to ensure chgnges in practice are Implernented locally. Risk assessments are undertaken where appropriate before cliont ViSlts and staff remain alert to Safeguarding 8nd vulnerability considerations when supporting clients. Pubuc Beneflt In reviewing the scope ol activitles delivered during 2025, the trustees have had due regard to the Ch8rity Commission's guidance on public beneflt and are SBtisfied that the charity's activities clearly demonstr8te public benefit. Debt Centre Greenwich supports in(Jividu818 8nd households experienclng financial hardship, disability. unemployment and housing insecurity. Through debt advice, welfare rights advocacy, financlal capability training and community wellbeing initiatives the chafity works to relieve povèrty and Improve Ilnanclal stablllty for beneflclarles. A¢hlev•mgnt8 for the Yoar During 2025 the centre supportad 44 households (plus 26 carried over from 20241 through structured debt advice and budgetlllg gUPPOrt. Many clients were experiencing compl8x financiAI challenges link8d to unemploym8nt. disabllity, housing inseeurlty and rislng livlng C08ts. By the end of the reportlng perlod 62 c8ses remgined active, r8flgCting the ongolng n8tur8 of thè support requlred for many cllentg. The centr8 contlnued to deliver Integr8ted support through debt 8dviee, welfare rights odvocacy and community wellbelng Inltlatlve8, helpbng regidents stabillse their clrcumstances and gvoid cri818 out¢ome8 such a8 eviction. enforcement action or In$olven¢y. Debt Managomont ActlvSty- Koy StatlxtSe8120251 Wher8 débt was not the prlmary Issue, cllents were 8UPPOrt8d through bud88tlng advicè and reforred Into welfare rl8hts casowork to maxlml88 income, ensurlng Ilnan¢i81 dlff Icultle8 were 8ddre8sed at thoir root rather th8n thiough in8pproprSgt8 debt 8olutlons. Although no formal Debt R8llef Orders, IVAS, or bankruptcy 801utlons weie requlred durlng thls period. thls r8fl8CtS 8UCC988ful early Interventlon, ensurlng cllont8 re¢olved the rlght help at thè rlght tlme and avolded unnec8s8ary Ingolvgncy route8. This Pfeventtrtive approach aligns wlth th6 charlty's mlssion to reduce povety, protect dignity, 8nd strgngth8n housèhold reslllence. whlla also rgduclng pressure on statutory 88rvice8. M•a8ura C8ses opened lJan-D8c 20251 Current Ilve cases iyear-endl Tot81 debt managed Piiority debt Non-prlority debt Total r&portable debt Excluded dobt Monthly household income Monthly household expendltur$ Total 44 62 £143,722.65 £54,188.91 E73,761.90 £127,950.81 £15,771.84 £19,505.83 £20,740.00 Av•rag• £3,286.42 £1.231.57 £1,876.41 £2,907.97 E358.45 £443.31 £471.36 Weltare Rlghts Outcomes 2025 During the reporting year of 2025, Debt Centre Gf¢enwich provided welfare rights 8UPPOrt to 27 clients across a range of complex benefit issues, including Personal Independence Payment IPIPI, Univ8rsal Credit. LCWRA. Managed Migratlon, and disabllity-r8latod benefits. Durlng the year, we successfully secufed E279.695.80 in @nnualised benefit incom8 for clients across 8 range of welfare entitlements, including Personal Independence Payrnent IPIPI, Universal Credit, LCWRA, Pension Credit, and disability-Telat8d benefits. A significant proportlon of thls work involved repres¢nting clients through the most challenging stages of the b8n8fits system, particularly at appe81 and tribunal level. In total, £39,125.55 in PIP back pay was awarded to clients, alongside ongoing annual awards th8t provide long-term financi81 stability. Benaflt Category Managed Migration IUC Tfansitional Protection) Personal Independence Payment IPIPI LCWRA Penslon Credlt State Pension adjustments Untvers81 Credit corrections Attend8nce Allowance Child Disability Living Allowance Housing Beneflt Carer's Allowance Council Tax Support Dlscretionary Housing Payment Total AnnuaUg8d Bonellt Incomo Seeurod / Annuallsed Value Securod {£) £94.832.64 £77.933.52 £25,276.20 £27,929.16 £11,973.00 £11,845.68 £11,481.60 £9,747.36 £7,044.00 Th•H*V￿ £4,331.64 £2,640.00 £660.00 £279,695.80 Strategic Partnorghlps and Collaboratlon During 2025 Debt Centre Greenwich stren8th8ned several strategic partnerships that support the delivery of community-based advice, wellbeing initiatives and preventative support acfOSS the Royal Borough of Greenwich. Be Well Hub- South London Li¥teng During the reporting year Debt Centre Greenwich became aff iliated as 8 Be Well Hub under the South London Listens prograrnme. This affillation recognises the centre's role as a trusted community setting contributing to oarly interventlon 8nd "prevention wlthin the boiough's mentsl health ancl wellbeing system. Through advice, advocacy 8nd holistic support th8 cehtro addresses key soci81 determinants of health Including debt. financial insecurlty and housing instability. Working within the Be Well network strengthens collaboration with Public Health partners and improves referral P8thway8 for residents requiring support. Partner¥hip wilh Peabody Charlton A key development during the year was the stiengthening of the centre's partnership with Peabody Ch8rlton. Through this relationship Debt Centro Gre8nwich became based at the New Leaf Advlce Centre on the Pe8body Charlton Estat6. Locating servlces within the community ha8 improved accessibility for residents and strengthened collaboration with housing and community teams. This partnership 5UPPOrts earlier intervention for households experiencing financial hardship and enables the centre to deliver advice and wellbeing services within a trusted neighbourhood setting. Greenwlch Communlty Advico Network IGCAN) Debt Centre Greenwich also pl8yed a leading role in est8blishing the Greenwich Community Advice Network IGCANI alongsi(Je Plumstead Community Lawcentre and Greenwich Housing Rights. The network bring8 togethef advice providers from across the borough to share knowledge, coordinate support and address systemic challenges affecting re8idents. A key element of this work has been the introduction of the Step referral platform, en8bling agencie8 to make seamless r6fèrrals and ensuring r8sident8 are connected qulckly to the right support seNice. Frazzled Groanwlch-communlty Mentalwellbelng Inltlatlve Durlng 2025 the Centre began developing Frazzled Greenwich, 8 community mental wellbelng init18tive delivered in p8rtnership with Peabody Charlton 8nd AfiriLife MIND. The project is linked to the national Frazzled Café ne￿Ork and aims to provide peer-led support for residents experiencing stress. anxiety and loneliness. Frazzled Greenwich will provide 8 safe And non-judgement81 environment where residents can share experiences and develop coping strategies through structured conversations. In-person sessions are planned to launch in early 2026. Review of Acllvltles and Impact The trust¢0s consider the outcomes achieved durlng the year to demonstrate effectwe use of chgrit8ble resources. Debt Centre Greenwich continues to provide specialist support for individu81s who would otherwise Struggle to navigate complex welfare and financial systems independently. By stabilising debt, maximising income through welf8re rights advocacy and strengthening community partneTships, the centre has helped residents Bvoid crisis gnd build greater lin8ncial resillence. Plans for tha Future Looking aheaLI. Detst Centre Greenwich will continua to strengthen it8 preventatDie debt advice model, with a clear focus on sustainability, early intervention, anrj integrated support. A key priority is capacity building within the org8nisation. strengthen referral pathways. and further integrate debt advice with welfare rlghts and wellbeing support. This approach rem8ins consistent with Debt Centre Greenwich's long.standlng mission to alleviate poverty, promote jU8tice, and support indivlduals and families to move forw81d with hope and stability. During September 2025, the Centrg Monager 8nd Money Mentor successfully completed CMA Parts 1, 2 and 3 Generalist Debt Advice Training. Once fully accredited, they will be able to deliver the centre's debt advice setvices entirely in-house, ieducing reliance on external advisers and increasing the ch8rity'S ability to respond flexibly to local demand. Flnanclal Revlew Flnance Report Income for the yesr was £61,22812024 68,0281 and expenditure was £55,,65912024 £54,915) All funtt8 raised by DCG are detailed in the accounts at the end of this report. The accounts provide a 8umm8ry of financial 8Ctivity over the last year. Funds are used to achieve the objectives summarised above and to develop DCGtorthe benefit ofthe community It serves. We are thankful for tho partnership with the Greenwich Foodbank that provides funding to March 2025 through 8 SeNice Level Agreement and to our partner churches who have provided funding and other resources. We were successful in 88tting funding from Awards tor All1£15.8kl for a volunte8T programme: and £23.7k trom Greenwich Healthief Communities Fund to build financial resilience to improve mental he8lth and well-being. Funding from the Foyle Foundation 1£5kl enabled us to deliver Life Skills and 2 Money Coaching courses in 2024. Raserve8 Pollcy AS a mission charity we feel strongly that the priority for the funds received should be to use them to achieve our charitablé purpose8, this mean5 that we keep our reserv8s low. Our current requirement for 3 months running costs is £14. 000. A future objective of the trustees going lorward will be to review the requirements for a suitable reseNes position for the charity. Fundralslng Pollcy DCG 8re in the process of developing an active programme of funding. We are hoping to improve the sustainability of the charity through funding bids, publiclw fundraisers and raising 8waren8S8 to attract more individual donors. During 2025 we were successful In securing nearly £40k of new income through grant8 and donations. The above Report was approved by the trustees at the meeting held on 2sl4116 and is signed on behalf of alltrustees. Andrew Beswetherick Chair of Trustees CHARITY COMMISSION FOR ENGLAND AND WALES Charlty Name DEBT CENTRE GREENWICM No111 any) 1196721 Recei tsand ments accounts CC16a For the period fro P•ncd Blart dale Period end data 31112r20 To 01101r2024 Section A Receipts and payments Unrestrlcted funds Re5trlcted funds to th• n•ar•it£ Endowment lund5 itsth• n•ar••tt Total funds Last yfyar to th• n••r•si t•th• n￿r*•te A1 R￿•1 l• Donalions ular Gwin Gtants Fundraiiin £v•nt• Hafdshi Fund Glft Reclalm Sundr Incom 971 971 aoo soo 70 380 786 200 200 ross Inctsmo 81 s#•t •n s•• tabl• AJPa Sliffin Coit• WBbsilellntem¢llPhon• CAP Subscri nF• CAP Cour90• 085 Offi¢• Admin16trnlion Tfivel Ctsil Cli•nl Su rt￿ord•h1 Fund CMA Connect Mernbornhi Cc•t• Cos16 Sub6N•mberihi 33 11 400 164 170 962 738 730 750 380 760 463 93 Sub tot41 A4 A¥$et •nd Inve•tm•nt •8•8 Net of r•¢•lpWp•ym•nt•J A5 Transhr¥ b•tw••n funds A8 ¢a8h funds l*st y•ar end C•8h Iuftd• y••r•nd Section B Statement of assets and liabilities at the end of the period Unrastrlcted funds to nearest£ Re5trlcted lunds Endowment funds aEqgvr¢B lo nearelt £ ¢0 n•ar••t t 81 Cash fund• Curr•ni A¢wunt 28,208 Tothi ¢•sh luttds 23.132 6,074 lagrno buLqnce6 wth r￿eIPtS and paymen16 ace¢unll$ll Unr••trl¢t•d ¢0 nèar•$i e R•strlcl•d lunds to nearest End¢wm•nt fttnd• to nearesi £ Dot•ll$ B2 Oth•t mon•lary a•••l• Fund to whlrh *ii•t b•lonq• Curr•nl valu• loptlonall Colt loptlon•ll 83 Inv•itm•nt a•i•ts Fund towhleh aèi•t b•ltsn#• Curr•nt v•lu• loptlonall Co•t loplloMII 04 A•g•t¥ r￿￿n•d lor th• ¢hirWI own u¥• Fund to Ilablllty r￿1141 Amount du• lopllon•ll Wh•n du• loptlon•ll B6 Ll*bllMI•s HMRC- PAYWNIC Unrngtrithd 1,910 22 J•nuary 2020 SyJned by Chwr M boharf ofall the Sion8lure Print Namè D•12 ef apkyewal hNpW CHARITY COMMISSION FOR ENGLAND AND WALES Independent examiner's report on the accounts Section A Independent Examiner's Report Report to the trustee81 members of DEBT CENTRE GREENWICH On accounts for the year gnded 31" DECEMBER 2025 Charlty no Ilf any) 1195721 Sat out on pages I report to thé trustees on my examination of the accounts of th8 above charily1lh8 Trust.) for the year ended 31112 12025 Responslbllltles and As th8 charity trustees of the Trust, you are responsibl8 for the preparation basis of report of the accounts in accordance with the requirements of the Charities A¢1 2011 {'Ihe Act'l. I report in respect of my examination of the Trust's accounts carried oul under section 145 of the 2011 Act and in carrying out my examination. I have followed the appllcable Direclions glven by the Charity Commisslon under section 145{5}Ibl of the Act. I have complet8d my examinatSon. I confirm that no material matters havo come lo my attention lolher than that disclosed below '} in connection wllh the examination which glves me cause to belleve that in, any material respect.. accounting records were not kept in accordanc8 with section 130 of the Act or Ihe accounts do not accord with the accounting records Indèpendent examiner's 8tatem•nt S have no concerns and have come across no other matters in connection with the examination to which attention should be drawn in order lo enable a proper understanding of the accounts to be reached. Please dglele the words in the brackets if they do not apply. Slgnod., Date: 1510412026 Name: Vindhya Viswanathan Rèlèvant professlonal quallflcatlonl8) or body Ilf any): MBA Finance Addrèss.. Bexley Voluntary Service Council The Engine House, 2 Veridion Way Erith DA18 4AL IER October 2018