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2025-01-31-accounts

Trustees’ Annual Report for the period

From: 1[st] February 2024 to 31[st] January 2025 Charity name: Hope CMA Debt Centre Charity registration number: 1198433

Objectives and Activities

SORP reference
Summary of the purposes of
the charity as set out in its
governing document		 Para 1.17 Hope CMA Debt Centre works for the
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
are provided with a Christian ethos.
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		 Hope CMA Debt Centre works as a
Community Money Advice (CMA) Connect
Centre. We meet with clients to understand
their financial situation, and where
appropriate interface with CMA Hub to
obtain debt advice. We walk through
implementation of the solution chosen by our
clients to help them become debt free.
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 considered the guidance
on public benefit and concluded that Hope
CMA Debt Centre is providing public benefit
as described above.
Additional information (optional)
You may choose to include further statements		 Additional information (optional)
You may choose to include further statements		 where relevant about:
SORP reference
Policy on grant making Para 1.38 Hope CMA Debt Centre does not make
grants.
Policy on social investment
including program related
investment		 Para 1.38 Hope CMA Debt Centre does not engage in
social investment.
Contribution made by
volunteers		 Para 1.38 Hope CMA Debt Centre volunteers give their
time freely to meet with clients and interface
with CMA Hub.

Not applicable. 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 In this period, our third year of operation, the
Trustees of Hope CMA Debt Centre have
ensured that all the required policies and
procedures are in place, and updated if
required, to be able to operate as a CMA
Connect Centre.
Appropriate safeguarding checks have been
carried out and all client facing volunteers
have been trained by CMA.
Hope CMA Debt Centre opened for clients
on 22ndSeptember 2022.
At present we have three fully trained Money
Mentors who are working with clients.
During this period we have met with clients
of whom 5 have worked through the process
and 4 who obtained debt advice from CMA
Hub. As a result of our work 2 clients are
now debt-free. We work with all our clients
on living within their budgets. Ensuring that
the financial statements we draw up with our
clients arerealistic.
Additional information (optional)
You may choose to include further statements		 where relevant about:
Achievements against
objectives set		 Para 1.41 Not applicable
Performance of fundraising
activities against objectives
set		 Para 1.41 Not applicable
Investment performance
against objectives		 Para 1.41 Not applicable.
Other

Financial Review

Financial Review
Review of the charity’s
financial position at the end
of the period		 Para 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
statingwhy they areheld		 Para 1.22 The charity does not aim to hold reserves.
Amount of reserves held Para 1.22 There were reserves of £3,718 at the end of
the period for use towards the following two
year’s costs.
Reasons for holding zero
reserves		 Para 1.22 It is not considered necessary to hold
reserves because the charity has no
employee or facility costs.
Details of fund materially in
deficit		 Para 1.24 Not applicable
Explanation of any
uncertainties about the
charity continuing as a going
concern		 Para 1.23 At present there are no uncertainties
foreseen that would prevent the charity
continuing.
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 charities principal source of funding is
by donations from individuals, local churches
and other grant making bodies.
Investment policy and
objectives including any
social investment policy
adopted		 Para 1.46 Not applicable.
A description of the principal
risks facing the charity		 Para 1.46 The principal risk would be lack of funds
preventing the charity continuing with CMA
affiliation. This is considered to be a low
risk.
Other

Structure, Governance and Management

Description of charity’s
trusts:
Type of governing document
(trust deed, royal charter)		 Para 1.25 CIO - Foundation
How is the charity
constituted?
(e.g unincorporated
association, CIO)		 Para 1.25 The charity is a Charitable Incorporated
Organisation.
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 Trustees were selected as people who
support the objectives of the charity and
have the expertise and experience required
to act as Trustees. The appointment of
Chair was made by mutual consent.
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 Not applicable.
The charity’s organisational
structure and any wider
network with which the
charity works		 Para 1.51 Hope CMA Debt Centre works in affiliation
with Community Money Advice (CMA) as a
CMA Connect Centre.
Relationship with any related
parties		 Para 1.51 Not applicable.
Other

Reference and Administrative details

Charity name Hope CMA Debt Centre
Other name the charity uses None
Registered charity number 1198433
Charity’s principal address 173 Reddicap Heath Road,
Sutton Coldfield,
West Midlands,
B75 7EN

Names of the charity trustees who manage the charity




Trustee name Office (if any) Dates acted if not
for wholeyear		 Name of person (or body) entitled
to appoint trustee(if any)
David Clare Chair
PhilipColthup
Georgina Dean
David Walton

– 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 None. 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 al)ove. Signedon behalf of the charfty's trustees Signaturels) Full name(s) Posltlon (eg Secretary, Chair, etc} David Clare Philip Collhup Chair Trustee Date 0111212025

Name Charity No Hope CMA Debt Centre 1198433 Receipts and payments accounts CC16a For the period To from 01/02/2024 31/01/2025

Section A Receipts and payments

A1 Receipts Unrestricted
funds
to the nearest
£
2,465
1,800
441
-
-
-
-
-
4,706
-
-
-
4,706
1,480
221
40
95
23
10
192
50
-
2,111
-
-
-
2,111
2,595
-
1,123
3,718		 Restricted
funds
to the nearest £
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-		 Endowment
funds
to the nearest £		 Total funds
to the nearest £
2,465
1,800
441
-
-
-
-
-
4,706
-
-
-
4,706
1,480
221
40
95
23
10
192
50
-
2,111
-
-
-
2,111

2,595		 Total funds
to the nearest £
2,465
1,800
441
-
-
-
-
-
4,706
-
-
-
4,706
1,480
221
40
95
23
10
192
50
-
2,111
-
-
-
2,111

2,595		 Last year
to the nearest £
Grants 2,465 -
-
-
-
-
-
-
-
-		 2,465 -
Donations 1,800 1,800 1,060
Gift Aid 441 441 -
- - -
- - -
- - -
- - -
- - -
Sub total(Gross income for
AR)		 4,706 4,706 1,060
A2 Asset and investment sales,
(see table).
- -
-
-		 -
- - -
Sub total - - -
Total receipts
A3 Payments
- 4,706 1,060
CMA Fees 1,480 -
-
-
-
-
-
-
-
-
-		 1,480 1,480
Insurance 221 221 199
Computing 40 40 -
Training 95 95 140
Stationary 23 23 -
FacilityHire 10 10 176
Equipment 192 192 -
Expenses 50 50 79
- - -
**Sub total ** 2,111 2,111 2,074
A4 Asset and investment
purchases, (see table)
- -
-
-		 -
- -
**Sub total ** - - -
Total payments
Net of receipts/(payments)
A5 Transfers between funds
A6 Cash funds last year end
Cash funds this year end
- 2,111 2,074
2,595 - -
2,595		 - 1,014
- - -
-		 - -
1,123 - 1,123 2,137
3,718 - - 3,718 1,123

CCXX R1 accounts (SS)

02/12/2025

1

Section B Statement of assets and liabilities at the end of the period Unrestricted Restricted fund8 Endowment fund8 to rwrt£ 'gones 81 Cash fvnds 3.71B Total cash funds 3.718 Endowm•nt fund8 to r￿￿•￿t£ funds funds tr neafe•t£ Dela+ls F￿￿1 to whKh Currrt valu nal Details 10 whkh vol 84 Assets rotained for the charityy own use towhkh Nrnourt du• hen du• on•1 Details B5 Liabilltles Swjned byone ort*0 tlusteès on hawof all fv trustees &gnaturè Print Name Date of rov Phrfw Colthup 0111212025 Davbj Clar8 01112r2025 CCXX R2 A¢¢OUllts ISSI 0211212025