2023-01-31-accounts - Hope Cma Debt Centre

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	SORP reference
Summary of the purposes of	Para 1.17	Hope CMA Debt Centre works for the
the charity as set out in its		prevention and relief of poverty for the public
governing document		benefit in Sutton Coldfield and surrounding
		areas by providing a free, confidential and
		impartial advice service concerning money
		and debt, and related support. Our services areprovidedwith a Christian ethos.
Summary of the main activities in relation to those	Para 1.17 and 1 . 1 9	Hope CMA Debt Centre works as a Community Money Advice (CMA) Connect
purposes for the public		Centre. We meet with clients to understand
benefit, in particular, the		their financial situation. and where
activities, projects or services		appropriate interface with CMA Hub to
identified in the accounts.		obtain debt advice. We walk through
		implementation f the solution chosen by our
		clients to help them become debt free.
Statement confirming	Para 1.18	The trustees have considered the guidance
whether the trustees have		on public benefit and concluded that Hope
had regard to the guidance		CMA Debt Centre is providing public benefit
issued by the Charity		as described above.
Commission on public
benefit

		Hope CMA Debt Centre does not make
	Para 1.38	grants.
Policy on grant making
		Hope CMA Debt Centre does not engage in
	Para 1.38	social investment.
Policy on social investment
including program related
investment
		Hope CMA Debt Centre volunteers give their
	Para 1.38	time freely to meet with clients and interface
Contribution made by		with CMA Hub.
volunteers

	SORP reference
		In this period, our first year of operation, the
		Trustees of Hope CMA Debt Centre have
		ensured that allthe required policies and
Summary of the main achievements ofthe charity,	Para 1.20	procedures are in place to be able to operate as a CMA Connect Centre.
identifying the difference the		Appropriate safeguarding checks have been
charity's work has made to		carried out and all client facing volunteers
the circumstances of its		have been trained by CMA.
beneficiaries and any wider		Hope CMA Debt Centre opened for clients
benefits to society as a		on 22no September 2A22.
whole.		At present we have two fully trained Money
		Mentors who are working with clients.
		During this period we have met with 6 clients
		of whom 2have worked through the process
		and obtainedebt advice from CMA Hub.

Review of the charity's financial position at the end	Pa'a 1.21	The charity received sufficient income to cover set-up costs and operational costs.
of the oeriod		The larqest expense is CMA affiliation fees.
Statement explaining the policy for holding reserves	Pata 1.22	The charity does not aim to hold reserves.
statino whv thev are held
Amount of reserves held	Para 1.22	There were reserves of f2,136 at the end of
		the period to use for the following year's
		costs.
Reasons for holding zero	Para 1.22	It is not considered necessary to hold
reserves		reserves because the charity has no
		employee or facilitv costs.
Details of fund materially in	Para 1.24	Not applicable
deficit
Explanation of any	Para 1.23	At presenthere are no uncertainties
uncertainties abouthe charity continuing as a going		foreseen that would prevent the charity continuing.
concern

uncertainties abouthe charity continuing as a going concern	uncertainties abouthe charity continuing as a going concern	foreseen that would p continuing.	nt the charity
Additional information (optional)
You may choose to include further statements where relevant about ou oose
		The charities principal source of funding is
The charity's principal		by donations from individuals and local churches.
sources of funds (including	Para 1.47
any fundraising)
		Not applicable.
lnvestment policy and
objectives including any	Para 1.46
social investment policy
adopted
		The principal risk would be	lack of funds
A description of the principal	Para 1.46	preventing the charity continuing with CMA affiliation. This is considered to be a low
risks facing the charity		risk.
Other

Description of charity's
trusts:
Type of governing document	Para 1.25	CIO-Foundatiojn
How is the charity	Para 1.25	The charity is a Charitable lncorporated
constituted?		Organisation.
Trustee selection methods	Para'l .25	Trustees were selected as people who
including details of any		supporthe objectives of the charity and
constitutional provisions e.g.		have the expertise and experience required
election to post or name of		to act as Trustees. The appointment of
any person or body entitled		Chair was made by mutual consent.
to appoint one or more
trustees

to appoint one or more trustees	to appoint one or more trustees
Additional information (optional)
Youmav choose to include further statements where relevant abou e t.
		Not	applicable.
Policies and procedures
adopted for the induction and	Para 1.51
training of trustees
		Hope CMA Debt Centre works in atfiliation
		with Community Money Advice (CMA) as a
The charity's organisational		CMA Connect Centre.
structure and any wider	Para 1.51
network with which the
charity works
		Not	applicable.
Relationship with any related	Para 1.51
parties
Other

Trustee name	Office (if any)	Dates acted if not forwhole vear	Name ot peFon (or body) entriled to appoint trustee(ifany)
David Clare	Chair
Philip Colthup
Georgina Dean
David Walton

	CHARIIY COMMISSI FOR ENGLAND AND W	CHARIIY COMMISSI FOR ENGLAND AND W	Hope CMA Debt Centre	Hope CMA Debt Centre	Hope CMA Debt Centre	Hope CMA Debt Centre				Charity No 1198433	Charity No 1198433
				Recei		andpavmentsaccounts
			For the period from				30t03t2022	To			31t01t2023
			Unrestricted funds			Restricted funds		Endowment funds			Total funds		Last year
			to the nearest t			to the nearest €		to the nearest	€		to the nearestg	to	the nearest €
											2,300
											565		1,840
											2,865		1,840
A2 Asset	and	investment sales,
(see table).
		rotatreceipo:l			l-1		l--l			I	z,sesl l-ildl
A3
CMA Fees				1.345							1,345
Insurance					216						216
Trainino													325
Ub5 UNECKS					90						90
Equipment					512						512
Facility Hire					12						1 2
Marketing					14						14
Expenses					54						54
		Sub total		2,243							2,243		325
A4 Asset	and	investment
		rotatpayment'El			t--1		l-1			f	,z$l	---rtl
Net of receiptstpaymentst l7 A5 rransfers between funds l-l A6Gashfundslastyearend	cash funds this year "ndl-\"11				l--l l-] 1,5151 I f-]			[--l l' -l	l--1	- I -	ll	l-A fJ,Gl f i I-1 1,515 ll l- l-Cl

		Unrestricted	Unrestricted		Restricted	Endowment	Endowment
		funds			funds		funds
		to nearest €			to neareet €	to nearest €
Bl Cash funds
	Total cash funds (agree balances with receipts and payments			l-lr-----rl l- -1 t-l t------ll l---]
	account(s))
		Unrestricted			Restricted	Endowment
		funds			funds		funds
	r:ltil*	to nearest f			to nearest €	to nearest €
82 Other monetary assets
	$cl;rrils	Fund to which		Cost (optional)
83 Investment assets
	*gt,iiils	Fund to which		Cost (optional)		Current value
84 Assets retained for the
charity's own use
		Fund to which			Amount due		When due
	fir"filiis
95 Liabilities
Signed by one or two trustees on behalf of all the trustees			Print Name
		lrP	Caz-zHuP
		06r.)r o	e4((