Finance Score: 4

Governance Score: 9

Support Score: 1

Liabilities <10%: +3
Reasonable growth: +1

Good trustee age range: +3
Dynamic board: +3
Gender balanced board: +3

Grant maker support: +1

Overall GiG Score: 14

INSTITUTE OF MONEY ADVISERS

The IMA uses its resources to train, inform and educate money advisers so that their work in giving free advice to the public is improved.

Analysis by Giving is Great

Positives:

The charity has received backing from a grant maker
This charity has a robust balance sheet
There has been reasonable growth in spending over the last 3 years relative to the previous period
There have been no material income shortfalls in recent years
The Board appears to be well diversified in terms of age and gender and dynamic in terms of composition

Regulatory & Governance issues to consider:

This charity is not recognised by HMRC for Gift Aid according to its latest published return

Established: 18 years

www.i-m-a.org.uk

office@i-m-a.org.uk

01135240677

Charity Commission for England and Wales

Tweets

Financial Data ?

Income & Spending ?

Sources of Income ?

Y/E	Income £k	Spending £k	Surplus/ Deficit	Fundraising Cost £k	Total Funds £k	Unrestricted Funds £k	Mths Rsrvs	Staff
31/12/22	£937	£843	£94	£0	£1,097	£997	14.2	9
31/12/21	£992	£676	£316	£0	£1,003	£853	15.1	10
31/12/20	£551	£511	£40	£0	£687	£687	16.1	10
31/12/19	£715	£635	£80	£0	£647	£647	12.2	10
31/12/18	£663	£551	£112	£0	£567	£567	12.3	8
31/12/17	£441	£460	£-19	£0	£0	£0	n/a	0
31/12/16	£555	£526	£30	£0	£474	£473	10.8	8
31/12/15	£605	£548	£57	£22	£444	£442	9.7	8
31/12/14	£598	£555	£44	£25	£387	£382	8.3	8
31/12/13	£716	£707	£10	£13	£343	£342	5.8	8
31/12/12	£647	£569	£78	£5	£333	£332	7	9
31/12/11	£583	£500	£83	£5	£255	£254	6.1	6
31/12/10	£487	£390	£97	£0	£0	£0	n/a	0
31/12/09?	£379	£365	£14	£0	£0	£0	n/a	0
31/03/08	£362	£266	£96	£0	£0	£0	n/a	0
31/03/07	£293	£255	£38	£0	£0	£0	n/a	0

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Financial Ratios

Fundraising Costs/Relevant Income: 0%
Fundraising Costs/Total Spending: 0%
Senior Staff Costs/Total Spending: 9%
Highest pay band: £60,000-£70,000
Liabilities/Assets: 3%
Liabilities/Income: 3%
Unrestricted Funds/Total Funds: 91%
Reserves/Spending: 14.2 months
Net Current Assets/Spending: 15 months
Quick Ratio: 34.9

Asset Split ?

Listed activities

Economic/Community Development/Employment
Education/Training
The Prevention Or Relief Of Poverty

How it operates

Acts as an umbrella or resource body
Provides advocacy/advice/information
Provides services

Where it operates

Throughout England And Wales,

Who it helps

Children/Young People
Elderly/Old People
The General Public/Mankind

Who works here?

9 employees

Who's supporting them? ?

Donations from Grant Makers ?

We have details on the following significant donations. Multi-year donations are allocated to the years for which they are earmarked.

Specific Donations

Amount	When Months	To be used for
Department for Work and Pensions - ALB - MaPS - Network and sharing information
£70,000	01/04/2019	network and sharing information

Data sourced from Donors via 360 Giving

How is it governed?

Trustees (8)

Current Trustees appointed

Gender Split

Based on 7/8 persons

Age Range of Trustees: 37-72

AADAL SHAFIQ Appointed: 2021, Occupation: Specialist Debt Adviser

ANNA RUTH WALTERS Appointed: 2021, Occupation: Company Director

DAVID JOHN BURDIS Appointed: 2023, Occupation: Debt Adviser

JACQUELINE FIELDING Appointed: 2018, Occupation: Specialist Adviser

JANE CONSTANCE ANNE CLACK (Chair) Appointed: 2016, Occupation: Money Advice Consultant

LAURENCE JAMES GOLDBERG Appointed: 2021, Occupation: Finance Director

SARA WILLIAMS Appointed: 2019, Occupation: Retired

STUART GOODMAN Appointed: 2023, Occupation: Retired

Legal constitution

Charitable company registered in England & Wales on 18/01/2006, number: 1112758
Registered at Companies House on 09/03/2005, number: 05386480

Gift Aid

NOT registered with HMRC for Gift Aid

Policies in force

Complaints handling
Conflicting interests
Investment
Paying staff
Risk management

Filing Record

16 returns made; all on time

Main office

Institute of Money Advisers
PO Box 526
LEEDS
LS17 1NS

Objectives

THE RELIEF AND PREVENTION OF FINANCIAL HARDSHIP IN PARTICULAR BUT NOT EXCLUSIVELY BY: (I) THE PROMOTION OF HIGH STANDARD IN THE PROVISION OF FREE-TO-CLIENT MONEY ADVICE; (II) THE PROVISION OF EDUCATION AND TRAINING FOR MONEY ADVISERS;(III) THE ADVANCEMENT OF THE EDUCATION OF THE PUBLIC IN THE SUBJECT OF MONEY MATTERS, DEBT AND THE MANAGEMENT OF PERSONAL FINANCES

Defined Area of Benefit:

NATIONAL

Data Sources