Clean Slate Financial Wellbeing Services CIO | Trustees' Annual Report 2024 – 2025 # **Clean Slate Financial Wellbeing Services CIO** Trustees' Annual Report Year ended 31 July 2025 Charity No. 1202493 ## **Reference and Administrative Details** **Charity Name** Clean Slate Financial Wellbeing Services CIO **Charity Number** 1202493 **Registered Office** 1 Carliol Square, Newcastle upon Tyne NE1 6UF **Accountants** Accounting for Good CIC, 2 Geordie Ridley Place, Upper Precinct Wesley Court, Blaydon on Tyne, Tyne and Wear, NE21 5BT **Trustees** C. Harrison J.C. Sowerby-Robinson J.C. Wallenberg (resigned 30 May 2025) **CEO** Andrew Smith (appointed 1 May 2025) Naomi Kenneth (resigned 30 April 2025) **Founder** Graham Brewis **Year End** 31 July 2025 ## **Structure, Governance and Management** ## **Legal Structure** Clean Slate Financial Wellbeing Services is a Charitable Incorporated Organisation (CIO), constituted in 2023. It is governed by its constitution and regulated by the Charity Commission for England and Wales. Charity No. 1202493 Clean Slate Financial Wellbeing Services CIO | Trustees' Annual Report 2024 – 2025 ## **Trustee Recruitment and Appointment** The CIO's constitution provides for a minimum of three and a maximum of seven charity trustees. Trustees may be appointed by existing trustees or by members in accordance with the constitution. New trustees receive a comprehensive induction covering Clean Slate's history, values and current strategy; Charity Commission guidance; a role clarity document; access to key governance documents; and introductory meetings with the CEO and Founder. ## **Trustee Responsibilities** The trustees are responsible for: - Setting and safeguarding the strategic direction of the charity - Ensuring legal and regulatory compliance, including with the Charities Act 2011 and FRS 102 - Oversight of finances and risk management - Approving annual plans, budgets and financial policies - Supporting and constructively challenging the CEO - Ensuring robust financial controls and a reserves policy - Ensuring data protection (GDPR) and safeguarding compliance - Championing Clean Slate's mission and values — Trustees also bring their unique skills, networks and lived experience as active contributors not just overseers. ## **Governance Approach** The Board meets quarterly as a minimum, with an annual strategy review. Trustees have — committed to a Human Learning Systems (HLS) approach to governance integrating reflective practice, case reviews and learning from what works into the governance cycle. This means governance is part of the learning loop, not separate from it. Roles are clearly defined between the CEO (operational leadership and delivery), the Founder (strategic projects, networks and ambassadorial work), and Trustees (governance, oversight and shared ownership of strategy). This clarity creates the conditions for trust and effective collaboration. Board Capacity and Recruitment Following the resignation of one trustee during the year, the Board operated with reduced trustee capacity while trustee recruitment and appointment processes were undertaken. During this period, trustees focused on maintaining effective oversight and continuity of service delivery. Governance capacity has since been restored and strengthened. ## **Pay Policy** The CEO and staff are remunerated in accordance with the charity's pay policy, which is reviewed annually by trustees. Clean Slate is committed to being a progressive employer, working towards paying the real living wage to all staff. No employee received emoluments over £60,000 in the year. Charity No. 1202493 Clean Slate Financial Wellbeing Services CIO | Trustees' Annual Report 2024 – 2025 ## **Risk Management** Trustees have identified the following principal risks and have put mitigation measures in place: ||| |---|---| |**Risk**|**Mitigation**| ||| |Reliance on grant income / funder
concentration|Active diversification of income streams;
development of a fundraising strategy; growth in
contract income; exploration of earned income
opportunities.| |Staff capacity and retention|Commitment to real living wage; workforce
development.| |Data protection and GDPR|Trustees actively oversee data protection
compliance; policies reviewed regularly.| |Safeguarding|Designated safeguarding lead in post; annual policy
review; all staff and volunteers DBS checked.| |Reserves / financial resilience|Trustees have set a reserves policy of a minimum of
three months' operational turnover; progress against
this target is actively monitored.| ## **Objectives and Activities** ## **Charitable Objectives** Clean Slate Financial Wellbeing Services CIO is dedicated to the promotion of financial inclusion and wellbeing for young people aged 16 and over and adults who are recovering from addiction and mental ill health in Tyne and Wear. ## **Public Benefit** The trustees confirm that they have had regard to the Charity Commission's guidance on public benefit. Clean Slate provides significant public benefit by directly supporting people in recovery from substance misuse, addiction and mental ill health in Tyne and Wear. Its work contributes to whole-person recovery and promotes financial inclusion, addressing root causes of poverty and social exclusion. ## **Our Approach** Clean Slate was founded by and for people in recovery. Our team and Board members bring lived experience of addiction and recovery, offering a unique depth of understanding and empathy to everyone we work with. Shame, stigma and discrimination based on mental health status or addiction history are key reasons why people do not seek 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 within 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 or cognitive challenges — all of which can be significant barriers when engaging with increasingly digital financial support services, creditors and service providers. Charity No. 1202493 Clean Slate Financial Wellbeing Services CIO | Trustees' Annual Report 2024 – 2025 Financial inclusion represents a critical component of sustainable recovery. 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 wellbeing. ## **Services Delivered** Our core services include: - — - Bespoke one-to-one financial inclusion interventions unlimited sessions, tailored to each person's circumstances - Benefits advice — maximising income and claiming unclaimed entitlements - — - Debt support including Breathing Space, Debt Relief Orders and credit report reviews - — - Budgeting guidance accredited and non-accredited, individual and group - — - Support for re-integration preparing people for student loans, home ownership and employment - — - Drop-in sessions and outreach meeting people where they are ## **Achievements and Performance** ## **Our Impact in 2024 – 2025** This year saw continued growth in demand for our services and steady progress in strengthening our reach and impact across the communities we support. Building on our first year as a CIO, we supported more people while maintaining a personalised and relationshipbased approach to delivery. Alongside increased engagement, we continued to strengthen partnerships and develop the organisational foundations needed to support sustainable future growth. ||| |---|---| |**Impact Metric**|**2024–25**| ||| |Referrals received|**183**| |Client engagement rate|**94%**| |People supported|**172**| |Receiving benefits advice|**57%**| |Receiving debt support|**45%**| |Receiving budgeting guidance|**21%**| ## **Referral Partners** Referrals were received from a wide range of partner organisations across the recovery, health and social care system, including: - CNTW NHS Trust (Plummer Court) — 72 referrals - Oaktrees Newcastle Addiction Treatment Centre — 51 referrals - Road to Recovery Trust — 47 referrals - Recovery College Collective — 8 referrals - PROPS Family Recovery Service — 5 referrals Charity No. 1202493 Clean Slate Financial Wellbeing Services CIO | Trustees' Annual Report 2024 – 2025 ## **Stories of Difference** — — The following case studies drawn from across the year illustrate the life-changing difference Clean Slate's work makes to individuals: ## **Debt, Housing and Recovery** — Client came to us with £25,000 of debt much of which they were unaware of. Working through each creditor, we revealed the full picture, supported client to obtain a Debt Relief Order, ensured their bedroom tax was covered and supported them to be rehoused. At the time of writing, they have been abstinent for six months and are engaging consistently with recovery support. Practitioner reflection: 'It has been a privilege to see their transformation from a frightened, damaged individual into a person with a zest for life.' ## **PIP Appeal, Debt and Autism** At age 15 this Client had a formal diagnosis of autism rescinded and was subsequently awarded zero points in a previous PIP application. We supported them to appeal, their diagnosis was reinstated and PIP was awarded indefinitely. A Debt Relief Order cleared £27,000 of debt. Practitioner reflection: When I met them they were 'unable to see any solution' — this was someone who felt abandoned by the system. With consistent, patient support, trust was built, and they were able to keep their job and continue making a valuable contribution to the world. ## **Terminal Diagnosis and Debt** Client came to us facing a terminal diagnosis with over £23,000 of debt, much of it unknown to her, including priority bills. We arranged a 60 day debt respite period - Breathing Space, sat with them to call each creditor. Once the full picture was clear we were able to support her in applying for a Debt Relief Order. We also set up direct debits on all their ongoing accounts and provided budgeting guidance. In their own words: 'I can live again.' The weight of their debt had been causing significant distress they had not fully realised until it was removed. Charity No. 1202493 Clean Slate Financial Wellbeing Services CIO | Trustees' Annual Report 2024 – 2025 ## **Benefits, Domestic Abuse and Financial Stability** This client had recently escaped long-term domestic abuse and was struggling to survive financially. A full benefits assessment revealed they would be significantly better off on Universal Credit. We completed the UC application at the first appointment, then applied for Council Tax — Support on their behalf they were awarded 100% support. The outcome was that they are now £460 per month better off, with the financial stability she needs to begin rebuilding their life. ## **How We Learn** We understand the difference our work is making through: - Asking the people we work with about their experience of our services - Collecting and reviewing data about our activity and the financial outcomes for people we support - Reflective practice and case reviews - — - Applying what we are learning our trustees have committed to a Human Learning Systems approach that integrates governance with continuous learning and experimentation ## **Strategic Progress in 2024 – 2025** – During the year, the Board adopted Strategic Priorities for 2025 2028 and began implementation across the following priority areas: - — - Build Team Capacity the charity has continued to grow its adviser capacity and is actively recruiting volunteers with lived experience of addiction issues - — - Deepen Community Presence drop-in sessions and outreach continued across multiple partner venues; groundwork laid for a specialist gambling support service - Financial Resilience — the charity achieved a substantial strengthening of its financial position (see Financial Review); diversification of income remains a priority - — - Strategic Relationships partnerships across health, housing, justice and employment sectors were maintained and developed - — - Communications and Learning the HLS learning culture continued to be embedded; impact storytelling has been a key tool for demonstrating value to funders and partners ## **Financial Review** ## **Financial Performance** – The charity has delivered a strong financial performance in 2024 2025, significantly improving its position compared to the prior year. The following summary is drawn from the independently examined accounts for the year ended 31 July 2025. Charity No. 1202493 Clean Slate Financial Wellbeing Services CIO | Trustees' Annual Report 2024 – 2025 |||| |---|---|---| ||**2024–25 £**|**2023–24 £**| |||| |Total income|**84,910**|77,446| |Total expenditure|**46,862**|65,411| |Net income for the year|**38,048**|12,035| |Total funds at year end|**47,364**|9,316| ## **Income** Total income was £84,910, an increase of £7,464 on the prior year. The main sources of income were: - Grants (restricted funds): £66,907 - Contract income: £17,955 - Donations: £48 The charity remains largely grant-funded, reflecting its stage of development. Trustees are actively pursuing diversification of income streams, including growth in contract income and exploration of earned income opportunities. ## **Expenditure** – Total expenditure was £46,862, a reduction of £18,549 from the prior year (2023 24: £65,411). Key expenditure items were: - – - Employee costs: £32,873 (2023 24: £42,965) - Premises costs: £5,533 - Legal and professional costs: £2,750 - Charitable activities: £795 The reduction in expenditure reflects more efficient use of resources. No employee received emoluments over £60,000. Pension contributions totalled £502. ## **Reserves Policy** Trustees have determined a reserves policy of a minimum of three months' operational turnover, to be achieved by the end of the financial year 2025 – 2026. Reserves are to be built from unrestricted funds generated through donations, earned income and, where possible, efficiency savings. Progress against this target accelerated during the year following improvement in unrestricted reserves and continues to be monitored at each Board meeting. ## **Funds Position** – At 31 July 2025, total funds stood at £47,364 (2023 24: £9,316): - Restricted funds: £41,324 (relating to Budgeting Support, Financial Wellbeing in Recovery, and Treatment & Recovery programmes) - Unrestricted (general) funds: £6,040 (improved from a deficit of £3,556 in the prior year) Charity No. 1202493 Clean Slate Financial Wellbeing Services CIO | Trustees' Annual Report 2024 – 2025 The improvement in unrestricted funds from a deficit of £3,556 to a positive balance of £6,040 is a significant milestone. Trustees continue to monitor the balance between restricted and unrestricted funds and are working to grow the unrestricted base. ## **Assets** At 31 July 2025, the charity held: - Fixed assets of £1,062 (intangible: £840 branding; tangible: £222 computer equipment) - Cash at bank: £45,985 (a substantial increase from £6,824 in the prior year) - Debtors: £1,502 ## **Financial Approach** Our trustees ensure that resources are used efficiently and effectively and that funds are directed towards our charitable objectives. The charity remains exempt from tax on its charitable activities. ## **Plans for the Future** – Looking ahead to 2025 2028, the charity's six strategic priorities will guide its direction of travel: - Systematise (not standardise) the client journey, implement a new CRM and ensure quality and consistency at scale - Build team capacity by adding adviser roles in Gateshead and North Tyneside and providing administrative support - Deepen community presence through a specialist gambling support service, volunteering opportunities and continued drop-ins - Achieve financial resilience by meeting the three-month reserves target, diversifying income streams and developing a fundraising strategy - Strengthen strategic relationships across health, housing, justice and employment, and build influence for systemic advocacy - Develop a communications strategy and embed the HLS learning culture to demonstrate impact through evidence and storytelling As our founder Graham Brewis has said: 'Recovery is not a destination — it is a direction of travel. So is the work of Clean Slate.' ## **Statement of Trustees' Responsibilities** The charity trustees are responsible for preparing the trustees' annual report and the financial statements in accordance with applicable law and United Kingdom Accounting Standards (United Kingdom Generally Accepted Accounting Practice). The trustees are responsible for keeping proper accounting records that disclose with reasonable accuracy at any time the financial position of the charity and to enable them to ensure that the financial statements comply with the Charities Act 2011, the applicable Charity No. 1202493 Clean Slate Financial Wellbeing Services CIO | Trustees' Annual Report 2024 – 2025 Charities (Accounts and Reports) Regulations, and the provisions of the Trust Deed. The trustees are also responsible for safeguarding the assets of the charity and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities. ## **Approved by the trustees** Approved at a meeting of the Trustees held on 22 May 2026. **----- Start of picture text -----**
SIGN
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___________________________________ JC Sowerby-Robinson | Chair of Trustees ## Date: 22 May 2026 _On behalf of the Board of Trustees, Clean Slate Financial Wellbeing Services CIO_ Charity No. 1202493 2 Geordie Ridley Place Upper Precinct, Wesley Court Blaydon on Tyne | Tyne and Wear | NE21 5BT ## Signed by: ## Justina Claire Sowerby-Robinson ## Signing request 28/05/2026, 16:48:20 Created: 28/05/2026, 16:48:20 Description: - Document owner: Clean Slate Financial Wellbeing Services CIO Original document name: CleanSlateFinancialWellbeingServicesCIO_31-07-2025_FinalAccounts.pdf Original document checksum: 4f9aae6c3d59edf48dd40b59b8c84388f3fd3b62121d903dae5d91d5466daae7 (SHA-256) ## Signee Signed: Comment: 29/05/2026, 09:16:51 - Name as registered in practice management software: Sowerby-Robinson, Justina Claire Name as provided by signee: E-mail address: IP Address: Browser user agent: Justina Claire Sowerby-Robinson claire@emanate-dev.com 81.96.15.233 Mozilla/5.0 (Macintosh; Intel Mac OS X 10_15_7) AppleWebKit/537.36 (KHTML, like Gecko) Chrome/148.0.0.0 Safari/537.36 Powered by Engager.app. 46.4.0 / 46.4.0 Accounting for Good CIC  accountingforgood.co.uk ✉ support@accountingforgood.co.uk  07967226692 ## **Clean Slate Financial Wellbeing Services CIO** **Charity No. 1202493** **Trustees' Report and Unaudited Accounts** **31 July 2025** **Clean Slate Financial Wellbeing Services CIO Contents** ||Pages| |---|---| |Trustees' Annual Report|2| |Independent Examiner's Report|3| |Statement of Financial Activities|4| |Balance Sheet|5| |Statement of Cash flows|15| |Notes to the Accounts|6 to 14| |Detailed Statement of Financial Activities|16 to 17| Page 1 **Clean Slate Financial Wellbeing Services CIO Trustees Annual Report** The trustees present their report with the unaudited financial statements of the charity for the year ended 31 July 2025. ## **REFERENCE AND ADMINISTRATIVE DETAILS** ## **Charity No. 1202493** ## **Trustees** The following trustees served during the year: C. Harrison J.C. Sowerby-Robinson J.C. Wallenberg (Resigned 30 May 2025) ## **Accountants** Accounting for Good CIC 2 Geordie Ridley Place Upper Precinct Wesley Court Blaydon on Tyne Tyne and Wear NE21 5BT ## **Statement of trustees' responsibilities in relation to the financial statements** The charity trustees are responsible for preparing a trustees' annual report and financial statements in accordance with applicable law and United Kingdom Accounting Standards (United Kingdom Generally Accepted Accounting Practice). The trustees are responsible for keeping proper accounting records that disclose with reasonable accuracy at any time the financial position of the charity and to enable them to ensure that the financial statements comply with the Charities Act 2011, the applicable Charities (Accounts and Reports) Regulations, and the provisions of the Trust deed. The Trustees are also responsible for safeguarding the assets of the charity and hence taking reasonable steps for the prevention and detection of fraud and other irregularities. Signed on behalf of the charity's trustees J.C. Sowerby-Robinson Trustee 22 May 2026 Page 2 **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 year ended 31 July 2025. ## **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 22 May 2026 Page 3 **Clean Slate Financial Wellbeing Services CIO Statement of Financial Activities** ## **for the year ended 31 July 2025** |**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**| |---|---|---|---|---|---| |||**2025**|**2025**|**2025**|**2024**| |||**£**|**£**|**£**|**£**| ||||||| |||48|-|48|2,146| |||-|66,907|66,907|60,254| |||17,955|-|17,955|15,046| |||18,003|66,907|84,910|77,446| ||||||| |||-|-|-|674| |||-|795|795|3,213| |||8,407|37,660|46,067|61,523| |||8,407|38,455|46,862|65,410| |||-|-|-|-| |||9,596|28,452|38,048|12,036| |||-|-|-|-| |||9,596|28,452|38,048|12,036| ||||||| |||9,596|28,452|38,048|12,036| ||||||| |||(3,556)|12,872|9,316|(2,720)| |||6,040|41,324|47,364|9,316| ||||||| ||||||| ||||||| Page 4 **Clean Slate Financial Wellbeing Services CIO Balance Sheet** ## **at 31 July 2025** |**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**
**Total assets less current liabilities**
**Net assets excluding pension asset or liability**
**Total net assets**
**The funds of the charity**
**Restricted funds**
16
Restricted income funds
**Unrestricted funds**
16
General funds
**Reserves**
16
**Total funds**|**2025**
**£**
840
222
1,062
1,502
45,985
47,487
(1,185)
46,302
47,364
47,364
47,364
41,324
41,324
6,040
6,040
47,364|**2024**
**£**
2,100
378| |---|---|---| |||2,478
665
6,824| |||7,489
(651)| |||6,838
9,316| |||9,316| |||9,316| |||12,872| |||12,872
(3,556)| |||(3,556)| |||9,316| Approved by the trustees on 22 May 2026 And signed on their behalf by: J.C. Sowerby-Robinson Trustee 22 May 2026 Page 5 **Clean Slate Financial Wellbeing Services CIO Notes to the Accounts** ## **for the year ended 31 July 2025** - 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 6 **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 7 **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 8 **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:**
Raising funds
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**
**funds**
**2024**
**£**
2,146
-
15,046
17,192
674
3,213
14,142
18,029
(837)
(837)
(837)
(2,720)
(3,557)
**Unrestricted**
**£**
48
48
**Restricted**
**£**
66,907
66,907|**Restricted**
**funds**
**2024**
**£**
-
60,254
-
60,254
-
-
47,382
47,382
12,872
12,872
12,872
-
12,872
**Total**
**2025**
**£**
48
48
**Total**
**2025**
**£**
66,907
66,907|**Total funds**
**2024**
**£**
2,146
60,254
15,046| ||||77,446
674
3,213
61,524| ||||65,411| ||||12,035| ||||12,035| ||||12,035
(2,720)| ||||9,315| ||||**Total**
**2024**
**£**
2,146| ||||2,146| ||||**Total**
**2024**
**£**
60,254| ||||60,254| Page 9 **Clean Slate Financial Wellbeing Services CIO Notes to the Accounts** - 5 **Income from other trading activities** |Contract Income
6
**Expenditure on raising funds**
_Fundraising trading costs_
Contract Income
7
**Expenditure on charitable activities**
_Expenditure on charitable_
_activities_
Volunteer Expenses
_Governance costs_
8
**Other expenditure**
Bank loan and overdraft
interest payable
Employee costs
Motor and travel costs
Premises costs
Amortisation, depreciation,
impairment, profit/loss on
disposal of fixed assets
General administrative costs
Legal and professional costs
9
**Net income before transfers**
This is stated after charging:
Depreciation of owned fixed assets|**Unrestricted**
**£**
-
-
-
3,222
1,416
1,019
2,750
8,407|**Unrestricted**
**£**
17,955
17,955
**Restricted**
**£**
795
795
**Restricted**
**£**
-
32,873
2,476
2,311
-
-
-
37,660
**2025**
**£**
156|**Total**
**2025**
**£**
17,955
17,955
**Total**
**2025**
**£**
-
-
**Total**
**2025**
**£**
795
795
**Total**
**2025**
**£**
-
32,873
2,476
5,533
1,416
1,019
2,750
46,067|**Total**
**2024**
**£**
15,046| |---|---|---|---|---| |||||15,046| |||||**Total**
**2024**
**£**
674| |||||674| |||||**Total**
**2024**
**£**
3,213| |||||3,213| |||||**Total**
**2024**
**£**
19
43,545
2,942
3,826
1,764
4,153
5,274| |||||61,523| |||||**2024**
**£**
84| Page 10 **Clean Slate Financial Wellbeing Services CIO Notes to the Accounts** ## 10 **Staff costs** |Salaries and wages
Social security costs
Pension costs
No employee received emoluments in excess of £60,000.
Total employee benefits received by key management
personnel
11 **Intangible fixed assets**
**Cost**
At 1 August 2024
At 31 July 2025
**Amortisation and**
**impairment**
At 1 August 2024
Amortisation charge for the
year
At 31 July 2025
**Net book values**
At 31 July 2025
At 31 July 2024
Branding|**2025**
32,371
-
502
32,873
2|**Other**
**£**
6,300
6,300
4,200
1,260
5,460
840
2,100|**2024**
44,137
(2,178)
1,006| |---|---|---|---| ||||42,965| ||||3
**Total**
**£**
6,300| ||||6,300| ||||4,200
1,260| ||||5,460| ||||840| ||||2,100| ||||| ||||| ||||| |Amortisation of branding|||| Page 11 **Clean Slate Financial Wellbeing Services CIO Notes to the Accounts** ## 12 **Tangible fixed assets** |**Computer**
**Equipment**
**£**
**Cost or revaluation**
At 1 August 2024
545
At 31 July 2025
545
**Depreciation and**
**impairment**
At 1 August 2024
167
Depreciation charge for the
year
156
At 31 July 2025
323
**Net book values**
At 31 July 2025
222
At 31 July 2024
378
13 **Debtors**
**2025**
**£**
Trade debtors
900
Other debtors
-
Prepayments and accrued income
602
1,502
14 **Creditors:**
amounts falling due within one year
**2025**
**£**
Trade creditors
784
Other taxes and social security
402
Accruals
(1)
1,185
15 **Deferred Income**
Movement of the deferred income shown in_Creditors: amounts falling due within one year_
**2025**
**£**
At 1 August
-
Released in current year
-|**2025**
**£**
900
-
602
1,502
**2025**
**£**
784
402|**Computer**
**Equipment**
**£**
545
545
167
156
323
222
378|**Total**
**£**
545| |---|---|---|---| ||||545| ||||167
156| ||||323| ||||222| ||||378| ||||**2024**
**£**
-
41
624| ||||665| ||||**2024**
**£**
212
440| ||(1)||(1)| ||||651| ||||**2024**
**£**
15,625
(15,625)| Page 12 **Clean Slate Financial Wellbeing Services CIO Notes to the Accounts** ## 16 **Movement in funds** |**At 1 August**
**2024**
**Restricted funds:**
**Restricted income funds:**
Budgeting Support
4,707
Financial Wellbeing in
Recovery
4,165
Treatment & Recovery
4,000
_Total_
12,872
**Unrestricted funds:**
**General funds**
(3,556)
**Total funds**
9,316
Purposes and restrictions in relation to the funds:
Restricted funds:
Budgeting Support
Financial Wellbeing in
Recovery
Treatment & Recovery
17 **Analysis of net assets between funds**|**Incoming**
**resources**
**(including**
**other**
**gains/losses**
**)**
**£**
9,784
25,000
32,123
66,907
18,003
84,910|**Resources**
**expended**
**£**
(6,934)
(4,165)
(27,356)
(38,455)
(8,407)
(46,862)|**At 31 July**
**2025**
**£**
7,557
25,000
8,767| |---|---|---|---| ||||41,324| ||||6,040| ||||47,364| ||||| ||||| ||||| ||||| ||||| ||||| |Fixed assets
Net current assets
18 **Reconciliation of net debt**
Cash and cash equivalents
Net debt|**Unrestricted**
**funds**
**£**
1,062
6,130
7,192
**At 1 August**
**2024**
**£**|**Restricted**
**funds**
**£**
-
40,172
40,172
**Cash flows**
**£**|**Total**
**£**
1,062
46,302| |---|---|---|---| ||||47,364| ||||**At 31 July**
**2025**
**£**| ||6,824|39,161|45,985| ||6,824
6,824|39,161
39,161|45,985| ||||45,985| ||||| Page 13 **Clean Slate Financial Wellbeing Services CIO Notes to the Accounts** ## 19 **Commitments** ## _**Operating lease commitments**_ Annual commitments under non-cancellable operating leases are as follows: ||**2025**|**2025**|**2024**|**2024**| |---|---|---|---|---| ||**Land and**
**buildings**|**Other**|**Land and**
**buildings**|**Other**| ||**£**|**£**|**£**|**£**| |Operating leases with expiry date:||||| |**_Pension commitments_**||||| |||**2025**||**2024**| |||**£**||**£**| |The pension cost charge to the charity||||| |amounted to:||502||1,006| Page 14 **Clean Slate Financial Wellbeing Services CIO Statement of Cash flows** **for the year ended 31 July 2025** |**Cash flows from operating activities**
**Net income per Statement of Financial Activities**
**Adjustments for:**
Depreciation of property, plant and equipment
Amortisation of intangible assets
Increase in trade and other receivables
Increase/(Decrease) in trade and other payables
**Net cash provided by operating activities**
**Net cash used in investing activities**
**Net cash from financing activities**
**Net increase in cash and cash equivalents**
**Cash and cash equivalents at the beginning of the year**
**Cash and cash equivalents at the end of the year**|**2025**
**£**
38,048
156
1,260
(837)
534
39,161
-
-
39,161
6,824
45,985|**2024**
**£**
12,035
84
1,680
(665)
(1,525)| |---|---|---| |||11,609| |||(297)| |||| |||-| |||| |||11,312| |||11,137| |||22,449| |||| |**Components of cash and cash equivalents**||| |Cash and bank balances|45,985|6,824| |||| ||45,985|6,824| Page 15 **Clean Slate Financial Wellbeing Services CIO Detailed Statement of Financial Activities** ## **for the year ended 31 July 2025** |**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
Volunteer Expenses
**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**
**2025**
**£**
48
48
-
-
17,955
17,955
18,003
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
2,572
650|**Restricted**
**funds**
**2025**
**£**
-
-
66,907
66,907
-
-
66,907
-
-
-
795
795
795
-
-
32,371
-
502
-
32,873
2,476
2,476
2,311
-|**Total funds**
**2025**
**£**
48
48
66,907
66,907
17,955
17,955
84,910
-
-
-
795
795
795
-
-
32,371
-
502
-
32,873
2,476
2,476
4,883
650|**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| Page 16 **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**|-
3,222
156
1,260
61
142
395
-
209
212
2,435
835
1,867
-
48
2,750
8,407
8,407
-
9,596
9,596
-
9,596
(3,556)
6,040|-
2,311
-
-
-
-
-
-
-
-
-
-
-
-
-
-
37,660
38,455
-
28,452
28,452
-
28,452
12,872
41,324|-
5,533
156
1,260
61
142
395
-
209
212
2,435
835
1,867
-
48
2,750
46,067
46,862
-
38,048
38,048
-
38,048
9,316
47,364|53| |---|---|---|---|---| |||||3,826| |||||84
1,680
87
191
687
1,739
1,433
16| |||||5,917| |||||928
4,036
275
35| |||||5,274| |||||| |||||61,523| |||||65,410
-| |||||12,036| |||||12,036
-| |||||12,036| |||||(2,720)| |||||9,316| Page 17 2 Geordie Ridley Place Upper Precinct, Wesley Court Blaydon on Tyne | Tyne and Wear | NE21 5BT ## Signed by: ## Justina Claire Sowerby-Robinson ## Signing request 28/05/2026, 16:48:20 Created: 28/05/2026, 16:48:20 Description: - Document owner: Clean Slate Financial Wellbeing Services CIO Original document name: CleanSlateFinancialWellbeingServicesCIO_31-07-2025_FinalAccounts.pdf Original document checksum: 4f9aae6c3d59edf48dd40b59b8c84388f3fd3b62121d903dae5d91d5466daae7 (SHA-256) ## Signee Signed: Comment: 29/05/2026, 09:16:51 - Name as registered in practice management software: Sowerby-Robinson, Justina Claire Name as provided by signee: E-mail address: IP Address: Browser user agent: Justina Claire Sowerby-Robinson claire@emanate-dev.com 81.96.15.233 Mozilla/5.0 (Macintosh; Intel Mac OS X 10_15_7) AppleWebKit/537.36 (KHTML, like Gecko) Chrome/148.0.0.0 Safari/537.36 Powered by Engager.app. 46.4.0 / 46.4.0 Accounting for Good CIC  accountingforgood.co.uk ✉ support@accountingforgood.co.uk  07967226692 ## **Clean Slate Financial Wellbeing Services CIO** **Charity No. 1202493** **Trustees' Report and Unaudited Accounts** **31 July 2025** **Clean Slate Financial Wellbeing Services CIO Contents** ||Pages| |---|---| |Trustees' Annual Report|2| |Independent Examiner's Report|3| |Statement of Financial Activities|4| |Balance Sheet|5| |Statement of Cash flows|15| |Notes to the Accounts|6 to 14| |Detailed Statement of Financial Activities|16 to 17| Page 1 **Clean Slate Financial Wellbeing Services CIO Trustees Annual Report** The trustees present their report with the unaudited financial statements of the charity for the year ended 31 July 2025. ## **REFERENCE AND ADMINISTRATIVE DETAILS** ## **Charity No. 1202493** ## **Trustees** The following trustees served during the year: C. Harrison J.C. Sowerby-Robinson J.C. Wallenberg (Resigned 30 May 2025) ## **Accountants** Accounting for Good CIC 2 Geordie Ridley Place Upper Precinct Wesley Court Blaydon on Tyne Tyne and Wear NE21 5BT ## **Statement of trustees' responsibilities in relation to the financial statements** The charity trustees are responsible for preparing a trustees' annual report and financial statements in accordance with applicable law and United Kingdom Accounting Standards (United Kingdom Generally Accepted Accounting Practice). The trustees are responsible for keeping proper accounting records that disclose with reasonable accuracy at any time the financial position of the charity and to enable them to ensure that the financial statements comply with the Charities Act 2011, the applicable Charities (Accounts and Reports) Regulations, and the provisions of the Trust deed. The Trustees are also responsible for safeguarding the assets of the charity and hence taking reasonable steps for the prevention and detection of fraud and other irregularities. Signed on behalf of the charity's trustees J.C. Sowerby-Robinson Trustee 22 May 2026 Page 2 **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 year ended 31 July 2025. ## **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 22 May 2026 Page 3 **Clean Slate Financial Wellbeing Services CIO Statement of Financial Activities** ## **for the year ended 31 July 2025** |**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**| |---|---|---|---|---|---| |||**2025**|**2025**|**2025**|**2024**| |||**£**|**£**|**£**|**£**| ||||||| |||48|-|48|2,146| |||-|66,907|66,907|60,254| |||17,955|-|17,955|15,046| |||18,003|66,907|84,910|77,446| ||||||| |||-|-|-|674| |||-|795|795|3,213| |||8,407|37,660|46,067|61,523| |||8,407|38,455|46,862|65,410| |||-|-|-|-| |||9,596|28,452|38,048|12,036| |||-|-|-|-| |||9,596|28,452|38,048|12,036| ||||||| |||9,596|28,452|38,048|12,036| ||||||| |||(3,556)|12,872|9,316|(2,720)| |||6,040|41,324|47,364|9,316| ||||||| ||||||| ||||||| Page 4 **Clean Slate Financial Wellbeing Services CIO Balance Sheet** ## **at 31 July 2025** |**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**
**Total assets less current liabilities**
**Net assets excluding pension asset or liability**
**Total net assets**
**The funds of the charity**
**Restricted funds**
16
Restricted income funds
**Unrestricted funds**
16
General funds
**Reserves**
16
**Total funds**|**2025**
**£**
840
222
1,062
1,502
45,985
47,487
(1,185)
46,302
47,364
47,364
47,364
41,324
41,324
6,040
6,040
47,364|**2024**
**£**
2,100
378| |---|---|---| |||2,478
665
6,824| |||7,489
(651)| |||6,838
9,316| |||9,316| |||9,316| |||12,872| |||12,872
(3,556)| |||(3,556)| |||9,316| Approved by the trustees on 22 May 2026 And signed on their behalf by: J.C. Sowerby-Robinson Trustee 22 May 2026 Page 5 **Clean Slate Financial Wellbeing Services CIO Notes to the Accounts** ## **for the year ended 31 July 2025** - 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 6 **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 7 **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 8 **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:**
Raising funds
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**
**funds**
**2024**
**£**
2,146
-
15,046
17,192
674
3,213
14,142
18,029
(837)
(837)
(837)
(2,720)
(3,557)
**Unrestricted**
**£**
48
48
**Restricted**
**£**
66,907
66,907|**Restricted**
**funds**
**2024**
**£**
-
60,254
-
60,254
-
-
47,382
47,382
12,872
12,872
12,872
-
12,872
**Total**
**2025**
**£**
48
48
**Total**
**2025**
**£**
66,907
66,907|**Total funds**
**2024**
**£**
2,146
60,254
15,046| ||||77,446
674
3,213
61,524| ||||65,411| ||||12,035| ||||12,035| ||||12,035
(2,720)| ||||9,315| ||||**Total**
**2024**
**£**
2,146| ||||2,146| ||||**Total**
**2024**
**£**
60,254| ||||60,254| Page 9 **Clean Slate Financial Wellbeing Services CIO Notes to the Accounts** - 5 **Income from other trading activities** |Contract Income
6
**Expenditure on raising funds**
_Fundraising trading costs_
Contract Income
7
**Expenditure on charitable activities**
_Expenditure on charitable_
_activities_
Volunteer Expenses
_Governance costs_
8
**Other expenditure**
Bank loan and overdraft
interest payable
Employee costs
Motor and travel costs
Premises costs
Amortisation, depreciation,
impairment, profit/loss on
disposal of fixed assets
General administrative costs
Legal and professional costs
9
**Net income before transfers**
This is stated after charging:
Depreciation of owned fixed assets|**Unrestricted**
**£**
-
-
-
3,222
1,416
1,019
2,750
8,407|**Unrestricted**
**£**
17,955
17,955
**Restricted**
**£**
795
795
**Restricted**
**£**
-
32,873
2,476
2,311
-
-
-
37,660
**2025**
**£**
156|**Total**
**2025**
**£**
17,955
17,955
**Total**
**2025**
**£**
-
-
**Total**
**2025**
**£**
795
795
**Total**
**2025**
**£**
-
32,873
2,476
5,533
1,416
1,019
2,750
46,067|**Total**
**2024**
**£**
15,046| |---|---|---|---|---| |||||15,046| |||||**Total**
**2024**
**£**
674| |||||674| |||||**Total**
**2024**
**£**
3,213| |||||3,213| |||||**Total**
**2024**
**£**
19
43,545
2,942
3,826
1,764
4,153
5,274| |||||61,523| |||||**2024**
**£**
84| Page 10 **Clean Slate Financial Wellbeing Services CIO Notes to the Accounts** ## 10 **Staff costs** |Salaries and wages
Social security costs
Pension costs
No employee received emoluments in excess of £60,000.
Total employee benefits received by key management
personnel
11 **Intangible fixed assets**
**Cost**
At 1 August 2024
At 31 July 2025
**Amortisation and**
**impairment**
At 1 August 2024
Amortisation charge for the
year
At 31 July 2025
**Net book values**
At 31 July 2025
At 31 July 2024
Branding|**2025**
32,371
-
502
32,873
2|**Other**
**£**
6,300
6,300
4,200
1,260
5,460
840
2,100|**2024**
44,137
(2,178)
1,006| |---|---|---|---| ||||42,965| ||||3
**Total**
**£**
6,300| ||||6,300| ||||4,200
1,260| ||||5,460| ||||840| ||||2,100| ||||| ||||| ||||| |Amortisation of branding|||| Page 11 **Clean Slate Financial Wellbeing Services CIO Notes to the Accounts** ## 12 **Tangible fixed assets** |**Computer**
**Equipment**
**£**
**Cost or revaluation**
At 1 August 2024
545
At 31 July 2025
545
**Depreciation and**
**impairment**
At 1 August 2024
167
Depreciation charge for the
year
156
At 31 July 2025
323
**Net book values**
At 31 July 2025
222
At 31 July 2024
378
13 **Debtors**
**2025**
**£**
Trade debtors
900
Other debtors
-
Prepayments and accrued income
602
1,502
14 **Creditors:**
amounts falling due within one year
**2025**
**£**
Trade creditors
784
Other taxes and social security
402
Accruals
(1)
1,185
15 **Deferred Income**
Movement of the deferred income shown in_Creditors: amounts falling due within one year_
**2025**
**£**
At 1 August
-
Released in current year
-|**2025**
**£**
900
-
602
1,502
**2025**
**£**
784
402|**Computer**
**Equipment**
**£**
545
545
167
156
323
222
378|**Total**
**£**
545| |---|---|---|---| ||||545| ||||167
156| ||||323| ||||222| ||||378| ||||**2024**
**£**
-
41
624| ||||665| ||||**2024**
**£**
212
440| ||(1)||(1)| ||||651| ||||**2024**
**£**
15,625
(15,625)| Page 12 **Clean Slate Financial Wellbeing Services CIO Notes to the Accounts** ## 16 **Movement in funds** |**At 1 August**
**2024**
**Restricted funds:**
**Restricted income funds:**
Budgeting Support
4,707
Financial Wellbeing in
Recovery
4,165
Treatment & Recovery
4,000
_Total_
12,872
**Unrestricted funds:**
**General funds**
(3,556)
**Total funds**
9,316
Purposes and restrictions in relation to the funds:
Restricted funds:
Budgeting Support
Financial Wellbeing in
Recovery
Treatment & Recovery
17 **Analysis of net assets between funds**|**Incoming**
**resources**
**(including**
**other**
**gains/losses**
**)**
**£**
9,784
25,000
32,123
66,907
18,003
84,910|**Resources**
**expended**
**£**
(6,934)
(4,165)
(27,356)
(38,455)
(8,407)
(46,862)|**At 31 July**
**2025**
**£**
7,557
25,000
8,767| |---|---|---|---| ||||41,324| ||||6,040| ||||47,364| ||||| ||||| ||||| ||||| ||||| ||||| |Fixed assets
Net current assets
18 **Reconciliation of net debt**
Cash and cash equivalents
Net debt|**Unrestricted**
**funds**
**£**
1,062
6,130
7,192
**At 1 August**
**2024**
**£**|**Restricted**
**funds**
**£**
-
40,172
40,172
**Cash flows**
**£**|**Total**
**£**
1,062
46,302| |---|---|---|---| ||||47,364| ||||**At 31 July**
**2025**
**£**| ||6,824|39,161|45,985| ||6,824
6,824|39,161
39,161|45,985| ||||45,985| ||||| Page 13 **Clean Slate Financial Wellbeing Services CIO Notes to the Accounts** ## 19 **Commitments** ## _**Operating lease commitments**_ Annual commitments under non-cancellable operating leases are as follows: ||**2025**|**2025**|**2024**|**2024**| |---|---|---|---|---| ||**Land and**
**buildings**|**Other**|**Land and**
**buildings**|**Other**| ||**£**|**£**|**£**|**£**| |Operating leases with expiry date:||||| |**_Pension commitments_**||||| |||**2025**||**2024**| |||**£**||**£**| |The pension cost charge to the charity||||| |amounted to:||502||1,006| Page 14 **Clean Slate Financial Wellbeing Services CIO Statement of Cash flows** **for the year ended 31 July 2025** |**Cash flows from operating activities**
**Net income per Statement of Financial Activities**
**Adjustments for:**
Depreciation of property, plant and equipment
Amortisation of intangible assets
Increase in trade and other receivables
Increase/(Decrease) in trade and other payables
**Net cash provided by operating activities**
**Net cash used in investing activities**
**Net cash from financing activities**
**Net increase in cash and cash equivalents**
**Cash and cash equivalents at the beginning of the year**
**Cash and cash equivalents at the end of the year**|**2025**
**£**
38,048
156
1,260
(837)
534
39,161
-
-
39,161
6,824
45,985|**2024**
**£**
12,035
84
1,680
(665)
(1,525)| |---|---|---| |||11,609| |||(297)| |||| |||-| |||| |||11,312| |||11,137| |||22,449| |||| |**Components of cash and cash equivalents**||| |Cash and bank balances|45,985|6,824| |||| ||45,985|6,824| Page 15 **Clean Slate Financial Wellbeing Services CIO Detailed Statement of Financial Activities** ## **for the year ended 31 July 2025** |**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
Volunteer Expenses
**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**
**2025**
**£**
48
48
-
-
17,955
17,955
18,003
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
2,572
650|**Restricted**
**funds**
**2025**
**£**
-
-
66,907
66,907
-
-
66,907
-
-
-
795
795
795
-
-
32,371
-
502
-
32,873
2,476
2,476
2,311
-|**Total funds**
**2025**
**£**
48
48
66,907
66,907
17,955
17,955
84,910
-
-
-
795
795
795
-
-
32,371
-
502
-
32,873
2,476
2,476
4,883
650|**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| Page 16 **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**|-
3,222
156
1,260
61
142
395
-
209
212
2,435
835
1,867
-
48
2,750
8,407
8,407
-
9,596
9,596
-
9,596
(3,556)
6,040|-
2,311
-
-
-
-
-
-
-
-
-
-
-
-
-
-
37,660
38,455
-
28,452
28,452
-
28,452
12,872
41,324|-
5,533
156
1,260
61
142
395
-
209
212
2,435
835
1,867
-
48
2,750
46,067
46,862
-
38,048
38,048
-
38,048
9,316
47,364|53| |---|---|---|---|---| |||||3,826| |||||84
1,680
87
191
687
1,739
1,433
16| |||||5,917| |||||928
4,036
275
35| |||||5,274| |||||| |||||61,523| |||||65,410
-| |||||12,036| |||||12,036
-| |||||12,036| |||||(2,720)| |||||9,316| Page 17