## **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 rwr**t£ '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 Curr*rt 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