2024-01-31-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 governing document		prevention and relief of poverty for the public 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 purposes for the public	Para 1.17 and 1 . 1 9	Hope CMA Debt Centre works as a Community Money Advice (CMA) Connect Centre. We meet with clients to understand
benefit, in particular, the activities, projects or services identified in the accounts.		their financial situation, and where appropriate interface with CMA Hub to obtain debt advice. We walk through
Statement confirming whether the trustees have had regard to the guidance issued by the Charity Commission on public	Para 1.18	implementation of the solution chosen by our clients to help them become debt free. The trustees have considered the guidance on public benefit and concluded that Hope CMA Debt Gentre is providing public benefit as described above.
benefit

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

	SORP reference
		In this period, our second year of operation,
		the Trustees of Hope CMA Debt Centre
		have ensured that allthe required policies
Summary of the main achievements of the charity,	Para 1.2O	and procedures are in place, and updated if required, to be able to operate as a CMA
identifying the difference the		Connect Centre.
charity's work has made to		Appropriate safeguarding checks have been
the circumstances of its		carried out and all client facing volunteers
beneficiaries and any wider		have been trained by CMA.
benefits to society as a		Hope CMA Debt Centre opened for clients
whole.		on22no September 2A22.
		At present we have two fully trained Money
		Mentors who are working with clients.
		During this period we have met with 8 clients
		of whom 5 have worked through the process
		and obtained debt advice from CMA Hub. As
		a result of our work 2 clients are now debt-
		free. We also worked with one client on
		budgeting, and expect this area of support to
		increase in the future.

		Not applicable
Achievements against	Para 1.41
objectiveset
		Not applicable
Performance offundraising activities against objectives	Para 1.41
set
		Not applicable.
I nvestment perform ance	Para 1.41
against objectives
Other

Review of the chari$'s financial position at the end of theperiod	Parc 1.21	The charity received sufficient income to cover its operational costs. The largest expense is CMA affiliation fees.
Statement explaining the policy for holding reserves	Para 1.22	The charity does not aim to hold reserves.
statinq whv thev are held
Amount of reserves held	Para 1.22	There were reserves of €1 123 at the end of
		the period for use towards the following
		vear'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 facility costs.
Details of fund materially in	Para 1.24	Not applicable
deficit
Explanation of any	ata 1.25	At present there are no uncertainties
uncertainties abouthe		foreseen that would prevent the charity
charity continuing as a going		continuing.
concern

		The charities principal source of funding is
The charity's principal sources of funds (including	Para 1,47	by donations from individuals, local churches and other grant making bodies.
any fundraising)
		Not applicable.
Investment policy and
objectives including any	Para 1.46
social investment policy
adopted
		The principal risk would be lack of funds
		preventing the charity continuing with CMA
A description of the principal	Para 1.46	affiliation. This is considered to be a low
risks facing the charity		risk.
Other

Description of charity's
trusts:
Type of governing document	Parc 1.25	CIO-Foundation
How is the charity	Pa.a 1.25	The charity is a Charitable Incorporated
constituted?		Organisation.
Trustee selection methods	Para 1.25	Trustees were selected as people who
including details of any constitutional provisions e.g. election to post or name of		support the objectives of the charity and have the expertise and experience required to act as Trustees. The appointment of
any person or body entitled		Chair was made by mutual consent.
to appoint one or more
trustees
Additional information (optional)
You may choose to include further statements where relevant about
		Not applicable.
Policies and procedures
adopted for the induction and	Para 1.51
training of trustees
		Hope CMA Debt Centre works in affiliation
The charity's organisational		with Community Money Advice (CMA) as a 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 for wholeyear	Name of person (or body) entitled to appoint trustee(ifany)
David Clare	Chair
Philip Colthup
Georgina Dean
David Walton

Signedon behalf of the charity's trustees	Signedon behalf of the charity's trustees
Signature(s)	/.v/uf .	M
Full name(s)	/tru,P l/r"nB /or,ruf	eeorqtuA ANtve n€&^)
Position (eg Secretary, Chair, etc)	frotr€€	TAtrSfeg
	2sftrlxozY

ItbIF#$[y^[3TilH'';l?J Hope CMA D,ebt Centre	ItbIF#$[y^[3TilH'';l?J Hope CMA D,ebt Centre	ItbIF#$[y^[3TilH'';l?J Hope CMA D,ebt Centre	ItbIF#$[y^[3TilH'';l?J Hope CMA D,ebt Centre			Charity No r198433 nts accounts	Charity No r198433 nts accounts	Charity No r198433 nts accounts
		Unrestrlcted funds	Restrlcted funds			Endowment funds		Total funds	Last year
		to the nearest €	to the nearest €		to the nearcat €			tothe nearost€	tothe nearest€
									2.300
								1.060	565
								{,060	2,865
						-lt	-il		-il
	rotatreceipo@l		l--l		l--l		I	r,osol l.T,86T1
								1.480	1.345
								r99	216
								1 4
									90
									512
								176	1 2
									1 4
								79	54
								2,O71	2,243
			I-	-	.t
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		Unrestricted	Restricted	Endowment	Endowment
		funds	funds		funds
		to nearest €	to nearest e	to nearest €
Bl Gash funds	Money at bank
	Total cash funds		l-tt.t l-1	t-l	t.1
	(agree balances with receipts and payments
	account(s))
		Unrestricted	Restricted	Endowment
		funds	funds		funds
	Detarls	to nearest €	to nearest €	to nearest €
82 Other monetary assets
	Details		Cct (optional)
83 lnvestment assets
	Deta;!s	Fund to which	Cost (optlonal)	Current value
84 Assets retained for the
charity/s own use
		Fund to whlch	Amount due		tlvhen due
	Details
85 Liabilities
Signed by one or two trustees on behalf of all the trustees		Print Name
		7*t 'P (bztVtuP
		6go(6t,.iLlU-1,..,J
CCXX R2 accounts (SS)				15t11t2024