Norwich Community Money Advice Connect Centre
Trustees’ Annual Report for the year ended 31 March 2026
The charity
Norwich Community Money Advice Connect Centre (the charity) was established in 2024 and was registered by the Charity Commission for England and Wales on 3 September 2024 with registered charity number 1209869.
The charity’s correspondence address is Chantry Hall, The Chantry, Norwich NR2 1QZ.
The charity is constituted as a charitable incorporated organisation (CIO). The object of the charity is:
The prevention and relief of poverty for the public benefit through the provision of practical and emotional support in managing personal finances to people with debt-related problems living in Norwich and surrounding parts of Norfolk who through lack of means would otherwise be unable to obtain such support and advice.
The trustees have had regard to the guidance issued by the Charity Commission on public benefit.
Trustees
The charity was established as a collaboration initiated by two Norwich churches, St Peter Mancroft and St Stephen’s. St Stephen’s relinquished its role as a foundation church on 23 July 2025. Each foundation church, including any additional foundation church which the charity so designates in the future, may appoint up to two people as nominated trustees. The trustees may in addition appoint up to four co-opted trustees.
The charity’s trustees over the period were:
Nik Chapman (Chair from 1 April 2026) Glenys Currie (appointed 28 May 2025) Adam Curtis (appointed 23 January 2025, resigned 4 June 2025) David Lechmere (appointed 28 May 2025) Paul Light (Chair 1 October 2025 to 31 March 2026) Cherri Moseley (appointed 28 May 2025) Naomi Tuma (resigned 30 September 2025; Chair to 30 September 2025) Catherine Waddams (resigned 28 Mary 2025)
The trustees meet together as a body approximately monthly and are responsible for all decisions taken in relation to running the charity. The trustees are supported by a working group of volunteers and, since November 2025, a salaried Centre Manager.
Activities in the year
Activities in the previous period and up to December 2025 were in preparation for launching the charity’s operations and services. Sue Whitworth was appointed as Centre Manager in October 2025 and our first client appointments took place in January 2026.
The charity is affiliated with Community Money Advice (CMA), a national charity that enables and supports churches and community groups to establish local, free-to-client, faceto-face money advice services. CMA is regulated by the Financial Conduct Authority and will issue any debt advice provided to the charity’s clients.
During the year eight volunteers, together with the Centre Manager, completed CMA’s Money Mentor training to join the five trained in the previous period.
Since the launch and up to 31 March 2026 42 individuals have directly benefited from engaging with our services.
Financial review
As reported in the accounts which follow this report, the charity has since its registration in September 2024 raised grants totalling £14,500 and personal donations totalling £23,594, together with tax recovered on Gift Aid donations of £5,739. Total income received in the year was £20,600 (seven months to 31 March 2025: £23,737).
Payments totalling £16,633 were made in the year in relation to the activities outlined above. Funds of £23,823 were held at the year end. The trustees have approved a budget for the year ending 31 March 2027 with expenditure totalling £31,966.
The trustees will be seeking further grant funding to enable continuing operations.
Reserves policy
At this early stage of the charity’s development the trustees plan the charity’s finances with the aim of building and maintaining free reserves between one and two years’ forecast expenditure. At the year end the charity had free reserves amounting to nine months’ expenditure at the rate budgeted for 2026-27.
Approval
The trustees approved this trustees’ report on 19 May 2026 and it has been signed on behalf of the trustees by
____ Chair of Trustees
Norwich Community Money Advice Connect Centre Recèipts and payments accounts for the year ended 31 March 2026 Receipts and payments All receipt5 and payment5 were for unre5trirted fvnd% 2025-26 2025-26 12 month5 IZ months 2024-25 7 month5 2024-25 7months See rn)te Receipts Grants Donations Tax recovered on Gift Aid donations Interest 1.0 13,394 5,739 467 13,500 10.200 37 20.6(MJ 23.737 Payments Salary Affiliation to Community Money Advice Training Other expenditu 5.637 1,5WJ 1,704 7.791 2,500 570 811 116.6331 3.967 19,856 23,823 13,8811 19.856 Net receipts Cash fund5 at the be8innin8 of the period Cash funds at the end of the perlod 19.856 Statement of assèts al liabilitiès at thè ènd of the period Cash funds Cafcash Actount CAF Gold Account 841 2,335 17.521 19,856 22.982 23,823 Other monetary assets Float for payroll provider 416 24,239 19,856 Expenditure incurred 209 i.oc¥J ApproveLI by t 5tees on 19 May 2026 and Signed on their behalf by Ni Note5 on the receipt5 and paymerrt5 accounts l Grants received The trustees are grateful forfvndin8 from the following charities.. Norwich Consolidated Charit5 Benevdent Association for the Relief of Decayed Tradesmen, their Widows and Orphans St Stephen's Norwich PCC io.oc() 1.000 2,51XI 1,0 13,5(K) I,O(K) 2 Donatlons recelved The trustees are grateful forgerOuS personal donatvjns received. Donations from trustees Other donations 12,4CiI 994 io.oc 21J) 10.21X) 13.394 3 Communlty Monèy Advltè The tharity is affiliated to Community Money Advite Ltd, a charity re8iStere(l in England arKi Wales, which provides training and SUp)rt to the charitv.