Finance Score: 4

Governance Score: 9

Support Score: 6

Good reserves management: +3
Reasonable growth: +1

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

Grant maker support: +6

Overall GiG Score: 19

MONEY ADVICE AND COMMUNITY SUPPORT SERVICE

Money Advice and Community Support (trading as Money Advice Plus) delivers a range of services within the United Kingdom to people who are experiencing financial difficulty, so that people can manage their money successfully and retain and their independence. It works with a wide range of people and specialises in hard to reach and vulnerable people.

Analysis by Giving is Great

Positives:

Reserves management has been consistently within official guidelines
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
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 age and gender and dynamic in terms of composition

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		£1,607	£1,599	£7	£0	£467	£467	3.5	58	2
31/03/22		£1,397	£1,398	£-1	£0	£462	£462	4	46	0
31/03/21		£1,287	£1,289	£-2	£0	£455	£452	4.2	40	0
31/03/20		£1,218	£1,186	£32	£0	£446	£446	4.5	36	5
31/03/19		£1,088	£1,091	£-3	£0	£414	£414	4.6	32	5
31/03/18		£1,054	£1,049	£5	£0	£414	£409	4.7	43	0
31/03/17		£1,113	£1,050	£63	£1	£406	£401	4.6	31	0
31/03/16		£954	£912	£42	£0	£338	£332	4.4	27	0
31/03/15		£975	£1,013	£-38	£9	£295	£288	3.4	28	0
31/03/14		£957	£993	£-36	£4	£329	£323	3.9	23	0
31/03/13	*	£592	£573	£19	£6	£251	£251	5.3	18	0
31/03/12		£558	£557	£1	£4	£228	£228	4.9	28	0
31/03/11		£521	£525	£-4	£4	£226	£226	5.2	16	0
31/03/10		£556	£576	£-20	£4	£227	£226	4.7	19	0
31/03/09		£567	£587	£-20	£4	£242	£239	4.9	19	0
31/03/08	*	£580	£572	£8	£4	£269	£256	5.4	19	0
31/03/07		£549	£488	£61	£7	£263	£243	6	18	0
31/03/06		£467	£430	£37	£0	£0	£0	n/a	0	0
31/03/05	*	£379	£394	£-15	£0	£0	£0	n/a	0	0
31/03/04		£320	£303	£17	£0	£0	£0	n/a	0	0

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Financial Ratios

Fundraising Costs/Relevant Income: 0%
Fundraising Costs/Total Spending: 0%
Highest pay band: Less than £60,000
Liabilities/Assets: 29%
Liabilities/Income: 12%
Unrestricted Funds/Total Funds: 100%
Reserves/Spending: 3.5 months
Net Current Assets/Spending: 3 months
Quick Ratio: 2.5

Asset Split ?

Established: 29 years

www.moneyadviceplus.org.uk

info@moneyadviceplus.org.uk

01273664000

Charity Commission for England and Wales

Listed activities

The Prevention Or Relief Of Poverty

GiG Classification

Community services

How it operates

Provides advocacy/advice/information
Provides human resources
Provides services

Where it operates

Throughout England And Wales,

Who it helps

Elderly/Old People
Other Defined Groups
People With Disabilities
The General Public/Mankind

Who works here?

58 employees
2 volunteers

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
Henry Smith Charity - Grant to Money Advice Plus
£180,000	10/03/2022 36	towards three years' running costs of a project providing debt and financial advice, and support for those affected by domestic abuse in England and Wales.
Sussex Community Foundation - Grant to Money Advice and Community Support Service (MACS)
£5,000	26/05/2020	Money Advice provides debt and welfare benefits advice and support to support people manage their money. These essential services; money management, debt and benefits advice have now been adapted so ....more Money Advice provides debt and welfare benefits advice and support to support people manage their money. These essential services; money management, debt and benefits advice have now been adapted so advisers can work from home during Covid-19. Funding will commission a new server, purchase of mobile phones, headsets and licences to link into the phone system remotely.
DCMS - Money Advice Plus
£94,496	01/04/2019	The project takes the learning from setting up a national service for women who have experienced financial abuse (DAME) and the expertise of SEA to facilitate a change model to replicate this work in ....more The project takes the learning from setting up a national service for women who have experienced financial abuse (DAME) and the expertise of SEA to facilitate a change model to replicate this work in local areas, working closely with banks/building societies as the UK Finance industry standard on financial abuse is developed and rolled out nationally.
DCMS - Money Advice Plus 1819
£69,516	01/08/2018	The project takes the learning from setting up a national service for women who have experienced financial abuse (DAME) and the expertise of SEA to facilitate a change model to replicate this work in ....more The project takes the learning from setting up a national service for women who have experienced financial abuse (DAME) and the expertise of SEA to facilitate a change model to replicate this work in local areas, working closely with banks/building societies as the UK Finance industry standard on financial abuse is developed and rolled out nationally.
Garfield Weston Foundation - Main Grants award
£10,000	31/07/2017	Domestic Abuse and Money Education (DAME)
Henry Smith Charity - Grant to Money Advice and Community Support
£117,100	11/06/2015 36	towards three years' continuation funding of a money advice and support service for survivors of domestic violence throughout the UK
National Lottery Community Fund - MACS Money Management
£320,505	13/03/2013 48	This continuing project provides money advice services which will help financially excluded people manage their income and have greater control over their expenditure in the Brighton and Hove area. ....more This continuing project provides money advice services which will help financially excluded people manage their income and have greater control over their expenditure in the Brighton and Hove area. The project provides a face to face financial advice and money handling service. An advice worker will tailor a service to people's individual needs, and minimise expenses by reducing utility bills for example. The advice worker will draft a budget that ensures regular bills are paid.
Henry Smith Charity - Grant to Money Advice Plus
£74,600	05/12/2012 24	towards two years' running costs of a money advice and support service for survivors of domestic violence throughout the UK

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Data sourced from Donors via 360 Giving

How is it governed?

Trustees (7)

Current Trustees appointed

Gender Split

Based on 6/7 persons

Age Range of Trustees: 37-67

TRACIE CHURCH Appointed: 2022, Occupation: None

BRYAN PETER COVERDALE Appointed: 2021, Occupation: Director

GEMMA DUNN Appointed: 2020, Occupation: Associate Director

NICHOLAS GRAY Appointed: 2021, Occupation: Director

RICHARD STEWART Appointed: 2022

JONATHAN HYMAN Appointed: 2017, Occupation: Retired Accountant -Icaew

NICOLA MYERS (Chair) Appointed: 2015, Occupation: Volunteer

Legal constitution

Charitable company registered in England & Wales on 29/03/1995, number: 1045340
Registered at Companies House on 07/03/1995, number: 03029782

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
Social media policy and procedures
Trustee conflicts of interest policy and procedures
Trustee expenses policy and procedures
Volunteer management

Filing Record

20 returns made; AR13: 1 days late, AR08: 11 days late, AR05: 72 days late,

Main office

Tisbury Road Offices
Hove Town Hall
Tisbury Road
Hove
BN3 3BQ

Objectives

The Charity's objects (the Objects”) are to provide advice, counsel, support and assistance according to their needs to people (and their carers and/or their support agencies) in the United Kingdom who are having difficulty managing their financial affairs because of illness (mental or physical), poverty, old age, or economic abuse and to make such representations, application, education and training provision, policy guidance and research on their behalf (and similarly affected people) to appropriate parties as are relevant to these objects. And to undertake such actions as are necessary to support these Objectives, which are not specifically mentioned.

Defined Area of Benefit:

UNITED KINGDOM

Data Sources