2 Geordie Ridley Place Upper Precinct, Wesley Court Blaydon on Tyne | Tyne and Wear | NE21 5BT
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## **Clean Slate Financial Wellbeing Services CIO**
**Charity No. 1202493**
**Trustees' Report and Unaudited Accounts**
**31 July 2024**
**Clean Slate Financial Wellbeing Services CIO Contents**
||Pages|
|---|---|
|Trustees' Annual Report|2 to 6|
|Independent Examiner's Report|7|
|Statement of Financial Activities|8|
|Balance Sheet|9|
|Notes to the Accounts|10 to 18|
|Detailed Statement of Financial Activities|19 to 20|
Page 1
## **CLEAN SLATE FINANCIAL WELLBEING SERVICES CIO**
## **FIRST ANNUAL REPORT 2023 - 2024**
## **Charitable Objectives**
Clean Slate Financial Wellbeing Services is a Charitable Incorporated Organisation (CIO) dedicated to the promotion of financial inclusion and wellbeing for young people (16+) and adults who are recovering from addiction and mental ill health in Tyne and Wear.
## **Our History**
Clean Slate Financial Wellbeing Services CIO is an award-winning charity, delivering financial capability and inclusion services to people in recovery from substance misuse and addiction and mental health in Tyne and Wear.
Our committed team of employees and volunteers provide individualised advice and guidance on matters of financial capability and do so with an understanding of addiction and recovery, grounded in their own lived experience.
Our work is grounded in empathy and with a deep understanding of the stigma and shame that people can experience in relation to their financial situation as well as any physical and mental health barriers.
We are an advocate for equity and system change. We work with local and national strategic partners to tackle the root causes of poverty and promote social inclusion and provide a platform for people and communities who are seldom heard.
Clean Slate Financial Wellbeing Services was constituted as a CIC in 2021 before transitioning to its present iteration as a CIO which Trustees deemed was a more appropriate vehicle for the charitable objectives.
The Clean Slate mission is to help people in recovery from addiction to regain control of their finances was originally founded in 2011 by Graham Brewis who wound up the organisation in 2018 when he could no longer continue to support people due to his own physical health.
Graham’s concerns about the harmful effects of the increasing barriers to financial wellbeing support for people in recovery as a result of COVID-19 restrictions led him out of retirement when he began to offer support to the recovery community on a voluntary basis in 2020.
During this time, Graham trained and supported volunteers to enable more people in recovery to access support and recruited several new volunteers who would become the first Trustees of the CIC which was constituted in 2021 before transitioning to become a CIO in 2023.
Page 2
We would like to express our sincere gratitude to the dedication and commitment of the Clean Slate team, without whom none of this work would be possible:
- Naomi Kenneth - CEO
- Andrew Smith - Project Manager, Financial Inclusion
- Graham Brewis - Founder
- Lesley Hall - volunteer
- Joyce Barsdell - volunteer
- Lionel Joyce - Founding Trustee (retired 2024)
Our heartfelt thanks go to the people and organisations who recognise and value the need for our services and who have placed trust in Clean Slate through the financial support they have awarded to us in our first year:
The National Lottery, Sir James Knott Foundation, Blue Stone Collaborative, The People’s Kitchen, MSE Charity, The Wise Group and Newcastle City Council.
## **Financial Approach**
Our trustees ensure that:
- Resources are used efficiently and effectively
- Funds are directed towards our charitable objectives
## **Statement confirming whether the trustees have had regard to the guidance issued by the Charity Commission on public benefit** .
The trustees are confident that Clean Slate Financial Wellbeing Services CIO continues to provide significant public benefit, directly supporting people in recovery from substance misuse and addiction and mental health in Tyne and Wear, contributing to whole person recovery from addiction and financial inclusion.
## **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.**
Clean Slate was founded by and for people in recovery who we know are very often excluded when seeking support for their financial circumstances from services that have not been designed to enable equitable access for people who are experiencing cognitive difficulties, emotional distress, or irregular financial histories.
Shame, stigma and discrimination based on mental health status, addiction history, or associated circumstances are key reasons why people do not ask for help. We take care to ensure that recovery is visible and celebrated at all levels of our organisation and because of this we have developed a reputation as a trusted service in the recovery community.
Our work is grounded in local communities and ensures accessibility is not hindered by unstable housing, access to technology, digital literacy gaps, and cognitive challenges which can be barriers to engagement with increasingly digital financial support services, creditors and service providers.
Page 3
Financial inclusion represents a critical component of sustainable recovery and without addressing financial barriers, recovery efforts are undermined.
The Clean Slate approach to financial inclusion creates a powerful positive feedback loop supporting sustained recovery and well-being.
In our first twelve months as a CIO, we have:
- Provided bespoke 121 financial inclusion interventions to 106 people in recovery from addiction and mental ill health.
- 24 Weekly drop-in at the People’s Kitchen, offering financial advice and guidance to homeless individuals. We also took this work outside of the venue, doing follow up sessions for more complex cases.
- 30 Weekly drop-in at George Street Social, seeing clients who attend 12-step fellowship meetings in the venue. We gave advice on benefits, debt, energy, and credit score improvement.
- 16 Budgeting advice workshops to Oaktrees Day Rehab. We followed this up with 1 to 1 sessions where we gave advice on making their budget work for them.
## **We learn about the difference our work is making by:**
- Asking the people we work with about their experience of our services
- Collecting and reviewing data about our activity
- Collecting and reviewing data about the financial situations and outcomes for people we work with
- Reflective practice and case reviews
- We apply what we are learning*……
*Trustees have committed to enacting a Human Learning Systems approach which will integrate governance practices to enable Clean Slate to foster a culture of continuous learning and experimentation
## **Review of the charity’s financial position at the end of the period**
- Clean Slate Financial Wellbeing Services CIO has significantly improved its financial position, moving from a negative balance of -£2,720 to a positive balance of £9,315
- Substantial increase in grant funding from £10,000 to £60,254
- Independent Examination completed on 15 October 2024
- No material matters of concern identified
## **Statement explaining the policy for holding reserves stating why they are held**
- Clean Slate is a newly constituted organisation. Trustees acknowledge their duties to act in the best interests of the organisation.
- Trustees have determined a reserve policy of a minimum of 3 months operational turnover to be achieved by the end of the financial year 2025-2026.
- Reserves will be built from unrestricted funds generated through donations, earned income and where possible efficiency savings.
Page 4
- Reserves are monitored regularly, and the policy reviewed annually by trustees in the charity's planning processes.
## **Amount of reserves held**
## £0
## **Reasons for holding zero reserves**
- The financial year 2023-2024 is the organisation's first financial year.
- There have been limited opportunities to apply for grant funding in our first year due to the number of charitable foundations and trusts requiring the presentation of accounts to comply with due diligence.
## **Details of fund materially in deficit**
- The Unrestricted General Funds show a deficit of £3,557 at the end of the financial year.
- This includes a 2021/2022 deficit of £2,720 which the CIO inherited from the CIC’s first year of operations.
- The accounts show that the deficit has reduced from its original value of (£4,257) in 2021 - 2022.
- Trustees are confident the action being taken will address this deficit through the generation of unrestricted income.
- 2023-2024 financial statement shows a significant improvement in the CIO’s overall position (from - £2,720 to +£9,315)
- The CIO has now secured two contracts which will generate unrestricted income to reduce the deficit in the financial year 2025-2026.
- The first of these contracts started on 1/6/2024 and the second will commence on 1/8/2024.
## **Explanation of any uncertainties about the charity continuing as a going concern**
The current economic conditions are not just challenging – they're potentially devastating and not only for people in recovery. The North East of England already has the highest rates of child poverty in the country.
The compounding effects of economic pressures create a cycle of vulnerability that becomes increasingly difficult to escape. We know that these economic pressures are creating a perfect storm of financial instability and risks long-term, potentially irreversible social and economic marginalisation.
We are living in a time of increasing global uncertainty that the charity sector is not immune to the effects of. Clean Slate is no different to many other charitable organisations in that we rely heavily on foundation funding. We know that challenges being faced by those who award funding now mean:
- Reduced grant allocations
- Longer and more competitive funding application processes
- Greater scrutiny of organisational sustainability and impact
- Increased pressure to diversify funding streams
Page 5
For Clean Slate to survive we know that we need to demonstrate integrity, brave leadership, unprecedented strategic resilience and financial innovation.
## **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**
## Trustees:
- Justina Claire Sowerby-Robinson - Acting Chair from June 2024
- Joel Wallenberg - Treasurer
- Connie Harrison
- Lionel Joyce OBE - retired
## Number of Trustees:
- There must be at least 3 trustees
- Maximum of 7 elected trustees
- At least one trustee must be 18 years or older
## Appointment and Rotation:
- At the first Annual General Meeting (AGM), all charity trustees shall retire from office
- At subsequent AGMs, one-third of the charity trustees shall retire
- Trustees to retire are those who have been longest in office since their last appointment
- If trustees were last appointed on the same day, retirement is determined by lot
## Selection Methods:
- Members can appoint new trustees at the AGM
- Members or existing charity trustees can appoint a new trustee at any time, provided the maximum number is not exceeded
- Trustees appointed by members follow the normal rotation rules
- Trustees appointed by the charity trustees retire at the next AGM
## Reappointment Conditions:
- Trustees are eligible for reappointment
- A trustee who has served four consecutive terms cannot be reappointed for a fifth consecutive term
- After four consecutive terms, they must wait at least two years before being reappointed
## **Agreed by Trustees at Trustee meeting held 24/04/2025**
_____________________________
- J.C. Sowerby-Robinson 24 April 2025
Page 6
**Clean Slate Financial Wellbeing Services CIO Independent Examiners Report**
## **Independent Examiner's Report to the trustees of Clean Slate Financial Wellbeing Services CIO**
I report to the trustees on my examination of the financial statements of Clean Slate Financial Wellbeing Services CIO for the period ended 31 July 2024.
## **Responsibilities and basis of report**
As the charity's trustees you are responsible for the preparation of the financial statements in accordance with the requirements of the Charities Act 2011 ('the Act').
I report in respect of my examination of the charity's financial statements carried out under section 145 of the 2011 Act and in carrying out my examination I have followed all the applicable Directions given by the Charity Commission under section 145(5)(b) of the Act.
## **Independent examiner's statement**
I have completed my examination. I can confirm that no material matters have come to my attention in connection with the examination giving me cause to believe that in any material respect:
- the accounting records were not kept in respect of the charity as required by section 130 of the Act; or
- the financial statements do not accord with those records; or
- the financial statements do not comply with the applicable requirements concerning the form and content of financial statements set out in the Charities (Accounts and Reports) Regulations 2008 other than any requirement that the financial statements give a 'true and fair' view which is not a matter considered as part of an independent examination.
I have no concerns and have come across no other matters in connection with the examination to which attention should be drawn in this report in order to enable a proper understanding of the financial statements to be reached.
Kay Wightman FFA FTA Accounting for Good CIC 2 Geordie Ridley Place Upper Precinct Wesley Court Blaydon on Tyne Tyne and Wear NE21 5BT 24 April 2025
Page 7
**Clean Slate Financial Wellbeing Services CIO Statement of Financial Activities**
## **for the period ended 31 July 2024**
|**Notes**
**Income and endowments**
**from:**
Donations and legacies
3
Charitable activities
4
Other trading activities
5
**Total**
**Expenditure on:**
Raising funds
6
Charitable activities
7
Other
8
**Total**
Net gains on investments
**Net income**
9
Transfers between funds
**Net income before other**
**gains/(losses)**
**Other gains and losses**
**Net movement in funds**
**Reconciliation of funds:**
Total funds brought forward
**Total funds carried forward**||**Unrestricted**
**funds**|**Restricted**
**funds**|**Total funds**|**Total funds**|
|---|---|---|---|---|---|
|||**2024**|**2024**|**2024**|**2023**|
|||**£**|**£**|**£**|**£**|
|||||||
|||2,146|-|2,146|600|
|||-|60,254|60,254|10,000|
|||15,046|-|15,046|16,566|
|||17,192|60,254|77,446|27,166|
|||||||
|||674|-|674|-|
|||3,213|-|3,213|1,388|
|||14,142|47,382|61,524|24,241|
|||18,029|47,382|65,411|25,629|
|||-|-|-|-|
|||(837)|12,872|12,035|1,537|
|||-|-|-|-|
|||(837)|12,872|12,035|1,537|
|||||||
|||(837)|12,872|12,035|1,537|
|||||||
|||(2,720)|-|(2,720)|(4,257)|
|||(3,557)|12,872|9,315|(2,720)|
|||||||
|||||||
|||||||
Page 8
**Clean Slate Financial Wellbeing Services CIO Balance Sheet**
**at 31 July 2024**
|**Charity No. 1202493**
**Fixed assets**
Intangible assets
11
Tangible assets
12
**Current assets**
Debtors
13
Cash at bank and in hand
**Creditors:**Amount falling due within one year
14
**Net current assets/(liabilities)**
**Total assets less current liabilities**
**Net assets/(liabilities) excluding pension asset or liability**
**Total net assets/(liabilities)**
**The funds of the charity**
**Restricted funds**
16
Restricted income funds
**Unrestricted funds**
16
General funds
**Reserves**
16
**Total funds**|**2024**
**£**
2,100
378
2,478
665
6,824
7,489
(652)
6,837
9,315
9,315
9,315
12,872
12,872
(3,557)
(3,557)
9,315|**2023**
**£**
3,780
165|
|---|---|---|
|||3,945
-
11,137|
|||11,137
(17,802)|
|||(6,665)
(2,720)|
|||(2,720)|
|||(2,720)|
|||-|
|||-
(2,720)|
|||(2,720)|
|||(2,720)|
Approved by the trustees on 24 April 2025
And signed on their behalf by:
J.C. Sowerby-Robinson
Trustee 24 April 2025
Page 9
**Clean Slate Financial Wellbeing Services CIO Notes to the Accounts**
## **for the period ended 31 July 2024**
- 1 **Accounting policies**
## **Basis of preparation**
The financial statements have been prepared in accordance with Statement of Recommended Practice: Accounting and Reporting by Charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic if Ireland (FRS 102) issued on 16 July 2014 and the Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland (FRS 102) and the Charities Act 2011.
## **Change in basis of accounting or to previous accounts**
There has been no change to the accounting policies (valuation rules and method of accounting) since last year and no changes have been made to accounts for previous years.
## **Fund accounting**
- Unrestricted funds These are available for use at the discretion of the trustees in furtherance of the general objects of the charity.
- Designated funds These are unrestricted funds earmarked by the trustees for particular purposes. Revaluation funds These are unrestricted funds which include a revaluation reserve representing the restatement of investment assets at their market values.
- Restricted funds These are available for use subject to restrictions imposed by the donor or through terms of an appeal.
## **Income**
- Recognition of Income is included in the Statement of Financial Activities (SoFA) when the charity income becomes entitled to, and virtually certain to receive, the income and the amount of the income can be measured with sufficient reliability.
- Income with related Where income has related expenditure the income and related expenditure is expenditure reported gross in the SoFA.
- Donations and Voluntary income received by way of grants, donations and gifts is included in the legacies the SoFA when receivable and only when the Charity has unconditional entitlement to the income.
- Tax reclaims on Income from tax reclaims is included in the SoFA at the same time as the donations and gifts gift/donation to which it relates. Donated services These are only included in income (with an equivalent amount in expenditure) and facilities where the benefit to the Charity is reasonably quantifiable, measurable and material.
Volunteer help The value of any volunteer help received is not included in the accounts. Investment income This is included in the accounts when receivable. Gains/(losses) on This includes any gain or loss resulting from revaluing investments to market value revaluation of fixed at the end of the year. assets Gains/(losses) on This includes any gain or loss on the sale of investments. investment assets
Page 10
**Clean Slate Financial Wellbeing Services CIO Notes to the Accounts**
## **Expenditure**
- Recognition of Expenditure is recognised on an accruals basis. Expenditure includes any VAT which expenditure cannot be fully recovered, and is reported as part of the expenditure to which it relates.
- Expenditure on These comprise the costs associated with attracting voluntary income, fundraising raising funds trading costs and investment management costs. Expenditure on These comprise the costs incurred by the Charity in the delivery of its activities and charitable activities services in the furtherance of its objects, including the making of grants and governance costs.
- Grants payable All grant expenditure is accounted for on an actual paid basis plus an accrual for grants that have been approved by the trustees at the end of the year but not yet paid.
- Governance costs These include those costs associated with meeting the constitutional and statutory requirements of the Charity, including any audit/independent examination fees, costs linked to the strategic management of the Charity, together with a share of other administration costs.
- Other expenditure These are support costs not allocated to a particular activity.
## **Taxation**
The charity is exempt from tax on its charitable activities.
## **Tangible fixed assets and depreciation**
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life:
Computer Equipment 33% Straight Line
## **Freehold investment property**
Investment properties are measured initially at cost and subsequently at fair value at each balance sheet date and are not depreciated. All gains or losses are taken to the Statement of Financial Activities as they arise.
## **Intangible fixed assets and amortisation**
Intangible fixed assets (including purchased goodwill, patents and trademarks) are carried at cost less accumulated amortisation and impairment losses. Brand 20% Straight Line
## **Stocks**
Stock is included at the lower of cost or net realisable value. Donated items of stock are recognised at fair value which is the amount the charity would have been willing to pay for the items on the open market.
## **Trade and other debtors**
Trade and other debtors are recognised at the settlement amount due after any trade discount offered. Prepayments are valued at the amount prepaid net of any trade discounts due.
Page 11
**Clean Slate Financial Wellbeing Services CIO Notes to the Accounts**
## **Cash and cash equivalents**
Cash and cash equivalents comprise cash at bank and on hand, demand deposits with banks and other short-term highly liquid investments with original maturities of three months or less and bank overdrafts. In the statement of financial position, bank overdrafts are shown within borrowings or current liabilities. In the Statement of Cash Flows, cash and cash equivalents are shown net of bank overdrafts that are repayable on demand and form an integral part of the company's cash management.
## **Trade and other creditors**
Short term creditors are measured at the transaction price. Other creditors and provisions are recognised where the charity has a present obligation resulting from a past event that will probably result in the transfer of funds to a third party and the amount due to settle the obligation can be measured or estimated reliably. Creditors and provisions are normally recognised at their settlement amount after allowing for any trade discounts due.
## **Research and development**
Expenditure on research and development is written off in the year in which it is incurred.
## **Foreign currencies**
Monetary assets and liabilities denominated in currencies other than the functional currency of the charity are translated at the rates of exchange prevailing at the end of the reporting period. Transactions in currencies other than the functional currency of the charity are recorded at the rate of exchange on the date that the transaction occurred.
All exchange differences are are taken into account in arriving at net income/expenditure.
## **Leased assets**
Where the charity enters into a lease which entails taking substantially all the risks and rewards of ownership of an asset, the lease is treated as a finance lease.
Leases which do not transfer substantially all the risks and rewards of ownership to charity are classified as operating leases.
Assets held under finance leases are initially recognised as assets of the charity at their fair value at the inception of the lease or, if lower, at the present value of the minimum lease payments. The corresponding liability to the lessor is included in the balance sheet date as a finance lease obligation. Lease payments are apportioned between finance expenses and reduction of the lease obligation so as to achieve a constant rate of interest on the remaining balance of the liability. Finance expenses are recognised immediately, unless they are directly attributable to qualifying assets, in which case they are capitalised in accordance with the charity's policy on borrowing costs. Assets held under finance leases are depreciated in the same way as owned assets.
Operating lease payments are recognised as an expense on a straight-line basis over the lease term. In the event that lease incentives are received to enter into operating leases, such incentives are recognised as a liability. The aggregate benefit of incentives is recognised as a reduction of rental expense on a straight-line basis.
## **Pension costs**
The charity operates a defined contribution plan for its employees. A defined contribution plan is a pension plan under which the charity pays fixed contributions into a separate entity. Once the contributions have been paid the charity has no further payments obligations. The contributions are recognised as expenses when they fall due. Amounts not paid are shown in accruals in the balance sheet. The assets of the plan are held separately from the charity in independently administered funds.
Page 12
**Clean Slate Financial Wellbeing Services CIO Notes to the Accounts**
## **Receipt of donated goods, facilities and services**
All donated goods, facilities and services received are recognised within incoming resources and expenditure at an estimate of the value to the charity.
## 2 **Statement of Financial Activities - prior year**
|2
**Statement of Financial Activities - prior year**||||
|---|---|---|---|
|**Income and endowments from:**
Donations and legacies
Charitable activities
Other trading activities
**Total**
**Expenditure on:**
Charitable activities
Other
**Total**
**Net income**
**Net income before other**
**gains/(losses)**
**Other gains and losses:**
**Net movement in funds**
**Reconciliation of funds:**
Total funds brought forward
**Total funds carried forward**
3
**Income from donations and legacies**
Donations Received
4
**Income from charitable activities**
Grants Received|**Unrestricted**
**£**
2,146
2,146
**Restricted**
**£**
60,254
60,254|**Unrestricted**
**funds**
**2023**
**£**
600
10,000
16,566
27,166
1,388
24,241
25,629
1,537
1,537
1,537
(4,257)
(2,720)
**Total**
**2024**
**£**
2,146
2,146
**Total**
**2024**
**£**
60,254
60,254|**Total funds**
**2023**
**£**
600
10,000
16,566|
||||27,166
1,388
24,241|
||||25,629|
||||1,537|
||||1,537|
||||1,537
(4,257)|
||||(2,720)|
||||**Total**
**2023**
**£**
600|
||||600|
||||**Total**
**2023**
**£**
10,000|
||||10,000|
Page 13
**Clean Slate Financial Wellbeing Services CIO Notes to the Accounts**
## 5 **Income from other trading activities**
|5|**Income from other trading activities**|||||
|---|---|---|---|---|---|
||||**Unrestricted**|**Total**|**Total**|
|||||**2024**|**2023**|
||||**£**|**£**|**£**|
||Contract Income||15,046|15,046|16,566|
||||15,046|15,046|16,566|
|6|**Expenditure on raising funds**|||||
||||**Unrestricted**|**Total**|**Total**|
|||||**2024**|**2023**|
||||**£**|**£**|**£**|
||_Fundraising trading costs_|||||
||Fundraising costs||674|674|-|
||||674|674|-|
|7|**Expenditure on charitable activities**|||||
||||**Unrestricted**|**Total**|**Total**|
|||||**2024**|**2023**|
||||**£**|**£**|**£**|
||_Expenditure on charitable_|||||
||_activities_|||||
||Charitable Expenditure||-|-|1,388|
||Volunteer Expenses||3,213|3,213|-|
||_Governance costs_|||||
||||3,213|3,213|1,388|
|8|**Other expenditure**|||||
|||**Unrestricted**|**Restricted**|**Total**|**Total**|
|||||**2024**|**2023**|
|||**£**|**£**|**£**|**£**|
||Bank loan and overdraft
interest payable|19|-|19|19|
||Employee costs|(1,598)|45,143|43,545|16,880|
||Motor and travel costs|2,942|-|2,942|941|
||Premises costs|3,020|806|3,826|1,219|
||Amortisation, depreciation,|||||
||impairment, profit/loss on|1,764|-|1,764|1,343|
||disposal of fixed assets|||||
||General administrative costs|2,720|1,433|4,153|3,681|
||Legal and professional costs|5,275|-|5,275|158|
|||14,142|47,382|61,524|24,241|
Page 14
**Clean Slate Financial Wellbeing Services CIO Notes to the Accounts**
|**Clean Slate Financial Wellbeing Services CIO**
**Notes to the Accounts**|||
|---|---|---|
|9
**Net income before transfers**
This is stated after charging:
Depreciation of owned fixed assets
10 **Staff costs**
Salaries and wages
Social security costs
Pension costs
No employee received emoluments in excess of £60,000.
11 **Intangible fixed assets**|**2024**
**£**
84
**2024**
44,137
(2,178)
1,006
42,965|**2023**
**£**
83
**2023**
14,875
1,354
562|
|||16,791|
||||
|**Cost**
At 27 March 2023
At 31 July 2024
**Amortisation and**
**impairment**
At 27 March 2023
Amortisation charge for the
year
At 31 July 2024
**Net book values**
At 31 July 2024
At 26 March 2023
Branding|**Other**
**£**
6,300
6,300
2,520
1,680
4,200
2,100
3,780|**Total**
**£**
6,300|
|---|---|---|
|||6,300|
|||2,520
1,680|
|||4,200|
|||2,100|
|||3,780|
||||
||||
||||
Page 15
**Clean Slate Financial Wellbeing Services CIO Notes to the Accounts**
## 12 **Tangible fixed assets**
|**Computer**
**Equipment**
**£**
**Cost or revaluation**
At 27 March 2023
248
Additions
297
At 31 July 2024
545
**Depreciation and**
**impairment**
At 27 March 2023
83
Depreciation charge for the
year
84
At 31 July 2024
167
**Net book values**
At 31 July 2024
378
At 26 March 2023
165
13 **Debtors**
**2024**
**£**
Other debtors
41
Prepayments and accrued income
624
665
14 **Creditors:**
amounts falling due within one year
**2024**
**£**
Trade creditors
212
Other taxes and social security
440
Accruals
-
Deferred income
-
652
15 **Deferred Income**
Movement of the deferred income shown in_Creditors: amounts falling due within one year_
**2024**
**£**
At 27 March
15,625
Released in current year
(15,625)
Deferred in current year
-
At 31 July
-|**2024**
**£**
41
624
665
**2024**
**£**
212
440|**Computer**
**Equipment**
**£**
248
297
545
83
84
167
378
165|**Total**
**£**
248
297|
|---|---|---|---|
||||545|
||||83
84|
||||167|
||||378|
||||165|
||||**2023**
**£**
-
-|
||||-|
||||**2023**
**£**
-
2,178|
||-||(1)|
||-||15,625|
||||17,802|
||||**2023**
**£**
-
-
15,625|
||||15,625|
Page 16
**Clean Slate Financial Wellbeing Services CIO Notes to the Accounts**
## 16 **Movement in funds**
|**At 27 March**
**2023**
**Restricted funds:**
**Restricted income funds:**
Budgeting Support
-
Financial Wellbeing
-
Financial Wellbeing for
Members
-
Financial Wellbeing in
Recovery
-
Suicide Prevention Project
-
Treatment & Recovery
-
_Total_
-
**Unrestricted funds:**
**General funds**
(2,720)
**Total funds**
(2,720)
Purposes and restrictions in relation to the funds:|**Incoming**
**resources**
**(including**
**other**
**gains/losses**
**)**
**£**
7,058
4,200
1,000
9,996
26,000
12,000
60,254
17,192
77,446|**Resources**
**expended**
**£**
(2,351)
(4,200)
(1,000)
(5,831)
(26,000)
(8,000)
(47,382)
(18,029)
(65,411)|**At 31 July**
**2024**
**£**
4,707
-
-
4,165
-
4,000|
|---|---|---|---|
||||12,872|
||||(3,557)|
||||9,315|
|||||
|Restricted funds:||||
|Budgeting Support||||
|Financial Wellbeing||||
|Financial Wellbeing for
Members||||
|Financial Wellbeing in
Recovery||||
|Suicide Prevention Project||||
|Treatment & Recovery||||
|||||
## 17 **Analysis of net assets between funds**
|Fixed assets
Net current assets|**Unrestricted**
**funds**
**£**
2,478
6,837
9,315|**Total**
**£**
2,478
6,837|
|---|---|---|
|||9,315|
Page 17
**Clean Slate Financial Wellbeing Services CIO Notes to the Accounts**
## 18 **Reconciliation of net debt**
|Cash and cash equivalents
Net debt|**At 27 March**
**2023**
**£**|**Cash flows**
**£**|**At 31 July**
**2024**
**£**|
|---|---|---|---|
||11,137|(4,313)|6,824|
||11,137
11,137|(4,313)
(4,313)|6,824|
||||6,824|
|||||
|**Commitments**
**_Operating lease commitments_**
Annual commitments under non-cancellable operating leases
**2024**
**Land and**
**buildings**
**£**
Operating leases with expiry date:
**_Pension commitments_**
The pension cost charge to the charity
amounted to:|are as follows:
**2024**
**Other**
**£**
**2024**
**£**
1,006|**2023**
**Land and**
**buildings**
**£**|**2023**
**Other**
**£**
**2023**
**£**
562|
## 19 **Commitments**
Page 18
**Clean Slate Financial Wellbeing Services CIO Detailed Statement of Financial Activities**
## **for the period ended 31 July 2024**
|**Income and endowments from:**
Donations and legacies
Donations Received
Charitable activities
Grants Received
Other trading activities
Contract Income
**Total income and endowments**
**Expenditure on:**
Costs of other trading activities
Contract Income
**Total of expenditure on raising**
**funds**
Charitable activities
Grants Received
**Total of expenditure on charitable**
**activities**
Other expenditure
Bank loan and overdraft interest
payable
Employee costs
Salaries/wages
Employer's NIC
Pension costs
Staff training
Motor and travel costs
Travel and subsistence
Premises costs
Rent
Premises insurances|**Unrestricte**
**d funds**
**2024**
**£**
2,146
2,146
-
-
15,046
15,046
17,192
674
674
674
-
3,213
3,213
3,213
19
19
-
(2,178)
-
580
(1,598)
2,942
2,942
2,194
773|**Restricted**
**funds**
**2024**
**£**
-
-
60,254
60,254
-
-
60,254
-
-
-
-
-
-
-
-
-
44,137
-
1,006
-
45,143
-
-
806
-|**Total funds**
**2024**
**£**
2,146
2,146
60,254
60,254
15,046
15,046
77,446
674
674
674
-
3,213
3,213
3,213
19
19
44,137
(2,178)
1,006
580
43,545
2,942
2,942
3,000
773|**Total funds**
**2023**
**£**
600|
|---|---|---|---|---|
|||||600|
|||||10,000|
|||||10,000|
|||||16,566|
|||||16,566|
|||||27,166
-|
|||||-|
|||||-
1,388
-|
|||||1,388|
|||||1,388
19|
|||||19|
|||||14,875
1,354
562
89|
|||||16,880|
|||||941|
|||||941|
|||||1,207
-|
Page 19
**Clean Slate Financial Wellbeing Services CIO Detailed Statement of Financial Activities**
|Premises repairs and
maintenance
General administrative costs,
including depreciation and
amortisation
Depreciation of Computer
Equipment
Impairment losses - intangible FA
Postage and couriers
Software, IT support and related
costs
Stationery and printing
Subscriptions
Sundry expenses
Telephone, fax and broadband
Legal and professional costs
Audit/Independent examination
fees
Accountancy and bookkeeping
Consultancy fees
Other legal and professional
costs
**Total of expenditure of other costs**
**Total expenditure**
Net gains on investments
**Net income**
**Net income before other**
**gains/(losses)**
Other Gains
**Net movement in funds**
**Reconciliation of funds:**
Total funds brought forward
**Total funds carried forward**|53
3,020
84
1,680
87
191
687
1,739
-
16
4,484
928
4,036
275
36
5,275
14,142
18,029
-
(837)
(837)
-
(837)
(2,720)
(3,557)|-
806
-
-
-
-
-
-
1,433
-
1,433
-
-
-
-
-
47,382
47,382
-
12,872
12,872
-
12,872
-
12,872|53
3,826
84
1,680
87
191
687
1,739
1,433
16
5,917
928
4,036
275
36
5,275
61,524
65,411
-
12,035
12,035
-
12,035
(2,720)
9,315|12|
|---|---|---|---|---|
|||||1,219|
|||||83
1,260
675
200
1,267
577
378
584|
|||||5,024|
|||||-
-
110
48|
|||||158|
||||||
|||||24,241|
|||||25,629
-|
|||||1,537|
|||||1,537
-|
|||||1,537|
|||||(4,257)|
|||||(2,720)|
Page 20