Finance Score: 0
Governance Score: 1
Support Score: 8
  • Good reserves management: +3
  • Volatile income: -3
  • Narrow trustee age band: -2
  • Gender balanced board: +3
  • Grant maker support: +8
Overall GiG Score: 9 ?

TALKING MONEY 

Provide free, independent, specialist debt advice to individuals and their families. Provide energy debt and efficiency advice, benefits and income maximisation advice.Provide money mentoring support via our self-help service, appointments and group workshops.Services can be delivered face-to-face for people living in Bristol and the surrounding area, and by phone or email across England.
Analysis by Giving is Great

Positives:

  • Reserves management has been consistently within official guidelines
  • There have been no material income shortfalls in recent years
  • A significant proportion of recent income was derived from major grant makers including the Government
  • The Board appears to be well diversified in terms of gender

Regulatory & Governance issues to consider:

  • The Board has little diversity in terms of age

Financial issues to consider:

  • Income has been volatile recently

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 Volun-
teers
31/03/23£526£522£4£0£340£3407.8160
31/03/22£811£799£11£0£336£3365240
31/03/21£992£995£-3£0£334£3324251
31/03/20£683£787£-104£0£337£2984.6256
31/03/19£751£688£63£0£441£3646.3226
31/03/18£804£793£11£0£378£3785.7270
31/03/17£884£879£5£0£343£3434.7330
31/03/16£878£858£20£0£337£3374.7270
31/03/15£766£758£8£4£318£3185230
31/03/14£842£831£11£5£310£3104.5250
31/03/13£875£814£61£4£299£2994.4220
31/03/12*£782£756£26£5£238£2353.7220
31/03/11£673£667£6£7£213£2103.8220
31/03/10£773£721£53£10£206£1983.3170
31/03/09£1,269£1,159£109£9£154£1131.2160
31/03/08£1,265£1,273£-9£10£44£540.5190
31/03/07£826£855£-28£7£53£701160
31/03/06£428£393£35£0£0£0n/a00
31/03/05£339£309£30£0£0£0n/a00
31/03/04*£323£318£5£0£0£0n/a00

Financial Ratios
Fundraising Costs/Relevant Income: 0%
Fundraising Costs/Total Spending: 0%
Highest pay band: Less than £60,000
Liabilities/Assets: 40%
Liabilities/Income: 43%
Unrestricted Funds/Total Funds: 100%
Reserves/Spending: 7.8 months
Net Current Assets/Spending: 3 months
Quick Ratio: 1.9
Asset Split ?
Established: 34 years

www.talkingmoney.org.uk

mail@talkingmoney.org.uk

01179543990

Charity Commission for England and WalesCompanies HouseFacebookX
UN SDGs
?
Listed activities
  • Economic/Community Development/Employment
  • Education/Training
  • The Prevention Or Relief Of Poverty
GiG Classification
  • Other welfare services
How it operates
  • Makes Grants to Individuals
  • Provides advocacy/advice/information
Where it operates
  • Throughout England,
Who it helps
  • The General Public/Mankind

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.

Major supporters in last 5 years
National Lottery Community Fund£354,000
Henry Smith Charity£226,900
Quartet Community Foundation£96,601
Garfield Weston Foundation£70,000
The Clothworkers Foundation£14,490
DCMS£9,996
Specific Donations
Amount When
Months
To be used for
Quartet Community Foundation - Grant to Talking Money
£4,875 13/06/2023
As directed by the donor towards debt advice work
Garfield Weston Foundation - Multi-Year Grant (2 Years) award
£40,000 06/01/2023
24
Holistic Money Advice Service
Quartet Community Foundation - Grant to Talking Money
£3,000 09/12/2022
Towards Money Advice Caseworkers who provide financial advice to help alleviate poverty, support people to access food and fuel, and prevent homelessness.
National Lottery Community Fund - Whole Person Approach
£354,000 21/09/2022
This funding £354000 over 4 years will contribute to the core costs of Talking Money’s advice services which support people in Bristol who are struggling with or are in crisis around money and ....more
Quartet Community Foundation - Grant to Talking Money
£5,000 20/07/2022
Towards a Money Advice Caseworker, who will work collaboratively with clients to help alleviate poverty, prevent homelessness, and support people to access food and fuel.
Quartet Community Foundation - Grant to Talking Money
£7,410 08/06/2022
As directed by the donor towards debt advice work
Quartet Community Foundation - Money Advice Project
£10,000 29/03/2022
11
Towards a Money Advice Caseworker and associated on costs for a service supporting people experiencing poverty to manage their finances; negotiate affordable debt repayment plans; access benefits and ....more
Quartet Community Foundation - Grant to Talking Money
£5,000 20/09/2021
As requested by the donor to support the organisations ongoing work.
Quartet Community Foundation - Grant to Talking Money
£10,000 21/07/2021
5
To recruit an HR professional in order to free up the leadership team who currently manage HR matters so that they can focus on strategy, service delivery and building resilience of organisation.
Quartet Community Foundation - Money Advice Project
£4,992 20/07/2021
8
Towards a Money Advice Caseworker for the Money Advice Project who will provide Bristol residents with essential money advice services, information and support during the next stages of the pandemic.
Quartet Community Foundation - Grant to Talking Money
£12,824 10/06/2021
As directed by the donor towards debt advice work
Garfield Weston Foundation - Main Grants award
£30,000 19/03/2021
Money Advice
Henry Smith Charity - Grant to Talking Money
£81,900 23/10/2020
12
towards one year's running costs of a project providing a money advice service for disadvantaged and vulnerable individuals affected by the COVID-19 pandemic in Bristol.
DCMS - Coronavirus Community Support Fund
£9,996 28/09/2020
"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 ....more
Quartet Community Foundation - Grant to Talking Money
£5,000 22/06/2020
As requested by the donor.
Quartet Community Foundation - Grant to Talking Money
£13,500 18/06/2020
As advised by donor
The Clothworkers Foundation - Grant to Talking Money
£4,490 11/06/2020
COVID19 : Purchase IT equipment for a charity that provides money advice services to disadvantaged communities on finance in Bristol
Crisis UK - Grant to Talking Money
£5,000 09/04/2020
Contribution to caseworker role
The Clothworkers Foundation - Grant to Talking Money
£10,000 03/04/2020
referbishment of consultation rooms and IT/furniture equip for a charity that works with disadvantaged minority communities in Bristol
Quartet Community Foundation - Grant to Talking Money
£5,000 23/03/2020
5
Towards Talking Money’s Money Advice Project which will provide Bristol residents with essential money advice services including information and support through the coronavirus outbreak period.
Henry Smith Charity - Grant to Talking Money
£145,000 19/03/2020
36
towards three years' continuation funding of the running costs of a money advice service for disadvantaged people in Bristol and the surrounding areas
Quartet Community Foundation - Money Advice for the Community
£5,000 03/10/2019
0
Funding for one half-time advice worker providing money management and debt advice.
Quartet Community Foundation - Grant to Talking Money
£5,000 06/09/2019
An award from Royal London to Talking Money for providing advice, support and information to people in financial hardship.
Quartet Community Foundation - Grant to Talking Money
£5,000 13/06/2019
As requested by the fund holder towards their core work
Quartet Community Foundation - Money Advice Caseworker
£43,500 03/04/2019
Year three of a three-year grant towards the salary and on costs of a caseworker helping people with debt and benefit issues in Bristol.
Quartet Community Foundation - Advice on Release - Money Matters workshops
£5,000 18/03/2019
17
Toward the cost of continue providing their Money Matters advice workshops for the benefit of 50 men who are inmates at HMP Leyhill.
Quartet Community Foundation - Grant to Talking Money
£5,000 27/06/2018
As requested by the fund holder.
Quartet Community Foundation - Fuel for the Future
£10,000 27/06/2018
11
Toward the cost of a specialist energy advice trained staff member providing specialist energy advice as part of Talking Money's Fuel for the Future (FFTF) advice service. As part of this work the ....more
Quartet Community Foundation - Money Advice Caseworker
£42,900 29/03/2018
Year two of a three-year grant towards the salary and on costs of a caseworker helping people with debt and benefit issues in Bristol.
Quartet Community Foundation - Survive to Thrive
£5,000 21/12/2017
11
For the Survive to Thrive financial capability workshops to prisoners at HMP Leyhill Prison.
Quartet Community Foundation - Talking Money Re-design
£5,000 16/10/2017
23
To support organisational development of Talking Money.
Co-Operative Group - Grant to Talking Money
£2,967 04/08/2017
Talking Money will offer advice to people affected by welfare reforms, reducing poverty levels and building confidence and well-being.
Quartet Community Foundation - Money Advice Caseworker
£42,300 15/03/2017
Year one of a three-year grant towards the salary and on costs of a caseworker helping people with debt and benefit issues in Bristol.
National Lottery Community Fund - Energy Advice Plus
£10,000 17/09/2014
12
Not Available
Henry Smith Charity - Grant to Bristol Debt Advice Centre
£106,800 13/06/2013
36
towards three years' salary of a Debt Advisor and associated project costs at a debt advice service in a disadvantaged area of Gloucestershire
Lloyds Bank Foundation - Grant to Talking Money
£16,000 26/04/2013
Bristol Debt Advice Centre provide a specialist debt advice service to those in the most need. This grant contributes to a debt advisor with a focus on South Gloucestershire who will help people to ....more
Nationwide Foundation - Grant to Bristol Debt Advice Centre (BDAC)
£4,950 14/06/2012
The grant will improve the lives of financially excluded older people in deprived areas of Bristol. Our project 'Positive Money' will provide 45 home visits from a trained Financial Skills Officer ....more
Show more rows

Data sourced from Donors via 360 Giving

How is it governed?

Trustees (5)
Current Trustees appointed
Gender Split

Age Range of Trustees: 55-63
  • ANDREA POWELL Appointed: 2023, Occupation: Business Support Officer
Legal constitution
  • Charitable company registered in England & Wales on 20/02/1990, number: 900311
  • Registered at Companies House on 08/01/1990, number: 02457362
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
  • Investing charity funds policy and procedures
  • Investment
  • Paying staff
  • Risk management
  • Safeguarding policy and procedures
  • Safeguarding vulnerable beneficiaries
  • Serious incident reporting policy and procedures
  • Trustee conflicts of interest policy and procedures
  • Trustee expenses policy and procedures
  • Volunteer management
Filing Record
20 returns made; AR12: 1 days late, AR04: 26 days late,
Main office

Talking Money
1 Hide Market
West Street
St. Philips
BRISTOL
BS2 0BH

Objectives

THE COMPANY IS ESTABLISHED FOR: (A) THE RELIEF OF POVERTY BY PROVIDING AND PROMOTING THE PROVISION OF FREE ADVICE AND OTHER SERVICES TO PERSONS WHO ARE IN CONDITION OF NEED, HARDSHIP OR DISTRESS BY REASON OF THEIR SOCIAL OR ECONOMIC CIRCUMSTANCES; (B) THE ADVANCEMENT OF EDUCATION OF THE PUBLIC INTO MATTERS RELATING TO:- (I) FINANCIAL LITERACY (II) DEBT AWARENESS AND PREVENTION (III) SOCIAL WELFARE AND ADVOCACY EITHER ON ITS OWN OR WITH OTHERS WHETHER IN THE CITY OF BRISTOL, THE SOUTH WEST REGION OR ELSEWHERE IN ENGLAND.

Defined Area of Benefit:

NOT DEFINED

Data Sources

Charity Commission for England and Wales
360 Giving
CharityBase
Authorised officials of this charity can add information to this page (including a Donate Now button) for no cost

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