Finance Score: 0

Governance Score: 0

Support Score: 4

Strong growth: +2
Multiple Deficits: -2
No PartB

Good trustee age range: +3
All male board: -3

Large volunteer base +3
Overall weighted support: +1

Overall GiG Score: 4

COMMUNITY MONEY ADVICE LAUNCESTON LIMITED

The charity provides debt counselling and other money advice services free of charge to needy people in the Launceston and surrounding area of Cornwall.

Analysis by Giving is Great

Positives:

This charity has been successful in attracting volunteers relative to its size
The charity has received modest backing from several prominent grant makers recently
There has been strong growth in spending over the last 5 years

Regulatory & Governance issues to consider:

Why is the Board completely male?

Financial issues to consider:

There has been a change of accounting period recently, so trends may be hard to determine
On several occasions in recent years income has been less than spending
A PartB annual return has not been required and so detailed financial information is not available from the online data

Financial Data ?

Income & Spending ?

N.B. data has been adjusted to reflect year end change

Sources of Income ?

Y/E	Income £k	Spending £k	Surplus/ Deficit £k	Fundraising Cost £k	Total Funds £k	Unrestricted Funds £k	Mths Rsrvs	Staff	Volun- teers
31/12/23	£18	£19	£-1	n/a	n/a	n/a	n/a	n/a	n/a
31/12/22	£19	£17	£2	n/a	n/a	n/a	n/a	n/a	n/a
31/12/21?	£11	£16	£-5	n/a	n/a	n/a	n/a	n/a	n/a
31/10/20	£31	£11	£20	n/a	n/a	n/a	n/a	n/a	n/a
31/10/19	£7	£11	£-3	n/a	n/a	n/a	n/a	n/a	n/a
31/10/18	£11	£11	£0	n/a	n/a	n/a	n/a	n/a	n/a
31/10/17	£4	£9	£-4	n/a	n/a	n/a	n/a	n/a	n/a
31/10/16	£5	£6	£-2	n/a	n/a	n/a	n/a	n/a	n/a
31/10/15	£3	£5	£-3	n/a	n/a	n/a	n/a	n/a	n/a
31/10/14	£16	£6	£9	n/a	n/a	n/a	n/a	n/a	n/a
31/10/13	£12	£6	£6	n/a	n/a	n/a	n/a	n/a	n/a

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Highest pay bracket: less than £60,000

Established: 12 years

office@launcestonmoney.co.uk

01566772821

Charity Commission for England and Wales

Listed activities

Education/Training
The Prevention Or Relief Of Poverty

GiG Classification

Legal & financial advice

How it operates

Provides advocacy/advice/information
Provides services

Where it operates

Cornwall, Devon,

Who it helps

The General Public/Mankind

Who supports them? ?

Donations from Grant Makers ?

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

Specific Donations

Amount	When Months	To be used for
Cornwall Community Foundation - Grants for individuals
£2,500	11/07/2022	We offer confidential assistance in budgeting, benefits claims, and debt relief primarily in NE Cornwall but also support those in West Devon, aiming to improve financial well-being.
Cornwall Community Foundation - Crisis Funding in response to Covid 19
£750	07/06/2022	We offer confidential assistance in budgeting, benefits claims, and debt relief primarily in NE Cornwall but also support those in West Devon, aiming to improve financial well-being.
DCMS - Coronavirus Community Support Fund
£3,440	29/09/2020	"The fund aims to:1) To reduce closures of essential charities that provide essential services to vulnerable groups during the COVID-19 crisis by ensuring they have the financial resources to operate, thereby reducing the burden on public ....more "The fund aims to:1) To reduce closures of essential charities that provide essential services to vulnerable groups during the COVID-19 crisis by ensuring they have the financial resources to operate, thereby reducing the burden on public services.2) To ensure essential services are provided to vulnerable people, both in the short and long term through increased community support through the work of charitable organisations."

Data sourced from Donors via 360 Giving

How is it governed?

Trustees (3)

Current Trustees appointed

Gender Split

Age Range of Trustees: 25-91

ANDREW BAKER Appointed: 2016, Occupation: Chartered Accountant

BROOK ADAM MOORE Appointed: 2022, Occupation: Paralegal

GEORGE NIGEL PARKER Appointed: 2020, Occupation: Retired

Legal constitution

Charitable company registered in England & Wales on 06/03/2013, number: 1151092
Registered at Companies House on 30/10/2012, number: 08273509

Gift Aid

Registered with HMRC for Gift Aid

Other Regulators

Financial Conduct Authority

Policies in force

Bullying and harassment policy and procedures
Complaints handling
Complaints policy and procedures
Conflicting interests
Financial reserves policy and procedures
Internal charity financial controls policy and procedures
Internal risk management policy and procedures
Paying staff
Risk management
Safeguarding policy and procedures
Safeguarding vulnerable beneficiaries
Serious incident reporting policy and procedures
Social media policy and procedures
Trustee conflicts of interest policy and procedures
Volunteer management

Filing Record

11 returns made; all on time

Main office

Victoria House
St. Catherines Hill
LAUNCESTON
Cornwall
PL15 7EJ

Objectives

THE RELIEF OF FINANCIAL HARDSHIP BY THE PROVISION OF DEBT COUNSELLING AND OTHER MONEY ADVICE SERVICES FREE OF CHARGE TO NEEDY PEOPLE IN LAUNCESTON AND THE SURROUNDING AREA.

Data Sources

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