Finance Score: 4

Governance Score: 9

Support Score: 7

Reasonable growth: +1
Fundraising costs low: +3

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

Overall weighted support: +7

Overall GiG Score: 20

MONEY ADVICE TRUST

We help people across the UK tackle their debts and manage their money with confidence. The Trust?s main activities are providing free advice through National Debtline and Business Debtline; supporting advisers through Wiseradviser; and improving the UK?s money and debt environment through policy, research, innovation grants and awareness raising campaigns.

Analysis by Giving is Great

Positives:

There has been reasonable growth in spending over the last 3 years relative to the previous period
Fundraising costs are unusually low relative to funds raised
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

Regulatory & Governance issues to consider:

This charity is not recognised by HMRC for Gift Aid according to its latest published return
Over half the Board have joined recently

Financial Data ?

Income & Spending ?

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	£21,264	£18,718	£2,547	£263	£14,394	£14,394	9.2	282	0
31/12/22	£16,036	£13,762	£2,274	£257	£11,848	£11,557	10.1	253	0
31/12/21	£16,280	£14,021	£2,259	£250	£9,574	£9,458	8.1	280	0
31/12/20	£14,826	£12,754	£2,072	£301	£7,315	£7,109	6.7	251	0
31/12/19	£13,387	£11,843	£1,544	£407	£5,243	£4,990	5.1	234	0
31/12/18	£11,512	£11,280	£232	£411	£3,700	£3,450	3.7	222	0
31/12/17	£10,534	£10,544	£-9	£297	£3,467	£3,023	3.4	212	0
31/12/16	£9,015	£9,645	£-630	£203	£3,477	£3,415	4.2	190	0
31/12/15	£8,793	£9,386	£-593	£420	£4,106	£4,087	5.2	188	0
31/12/14	£8,953	£9,468	£-515	£389	£4,699	£4,578	5.8	169	0
31/12/13	£9,476	£9,560	£-83	£323	£5,215	£5,124	6.4	175	0
31/12/12	£9,684	£10,290	£-606	£133	£5,298	£4,453	5.2	169	0
31/12/11	£10,469	£9,864	£605	£180	£5,904	£4,101	5	173	0
31/12/10	£12,721	£10,523	£2,197	£376	£5,299	£4,551	5.2	190	0
31/12/09	£11,115	£10,175	£940	£262	£3,102	£2,585	3	181	0
31/12/08	£8,072	£8,252	£-180	£178	£2,162	£1,867	2.7	146	0
31/12/07	£7,518	£7,800	£-283	£141	£2,342	£2,080	3.2	130	0
31/12/06	£6,856	£6,387	£469	n/a	n/a	n/a	n/a	n/a	n/a
31/12/05?	£5,653	£4,677	£977	n/a	n/a	n/a	n/a	n/a	n/a
31/03/04	£2,443	£1,833	£610	n/a	n/a	n/a	n/a	n/a	n/a

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Financial Ratios

Fundraising Costs/Relevant Income: 1.3%
Fundraising Costs/Total Spending: 1.4%
Senior Staff Costs/Total Spending: 7%
Highest pay band: £120,000-£130,000
Liabilities/Assets: 21%
Liabilities/Income: 18%
Unrestricted Funds/Total Funds: 100%
Reserves/Spending: 9.2 months
Net Current Assets/Spending: 9 months
Quick Ratio: 3.9

Asset Split ?

Balance Sheet History

Established: 21 years

www.moneyadvicetrust.org

info@moneyadvicetrust.org

02076539721

Charity Commission for England and Wales

Tweets

Listed activities

Education/Training
The Prevention Or Relief Of Poverty

GiG Classification

Legal & financial advice

How it operates

Acts as an umbrella or resource body
Makes grants to organisations
Provides advocacy/advice/information

Where it operates

Northern Ireland, Scotland, Throughout England And Wales,

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.

Major supporters in last 5 years

Department for Work and Pensions	£5,440,030
HM Revenue & Customs	£245,126
Quartet Community Foundation	£12,500

Specific Donations

Amount	When Months	To be used for
Quartet Community Foundation - Grant to Money Advice Trust
£5,000	16/06/2023	As advised by donor towards debt advice.
Quartet Community Foundation - Grant to Money Advice Trust
£7,500	08/06/2022	As advised by donor towards debt advice.
Department for Work and Pensions - Delivery of Free Training to MaPS-funded debt advisers
£349,419	23/03/2022	Delivery of Free Training to MaPS-funded debt advisers
Department for Work and Pensions - MAT Grant for the provision of Debt Advice in England
£3,319,442	20/03/2022	The provision of free to client debt advice (circa. 81,707 clients served) via telephone and digital channels across England in line with MaPS statutory remit as set out in the Financial Guidance and Claims Act 2018.
Department for Work and Pensions - MAT Grant for Covid 19: Increasing Debt Advice Capacity 2022
£1,706,919	20/03/2022	The provision of free to client debt advice as per the statutory remit set out in the Financial Guidance and Claims Act 2018.The grant agreement is to fund the increased capacity of 25 FTE advisers.
Department for Work and Pensions - MAT Grant for the Administration of Debt Relief Orders
£64,250	18/03/2022	The administration of c. 299 Debt Relief Orders (DROs) by Competent Authorities within the debt sector in England.The Financial Guidance and Claims Act 2018 which established MaPS requires MaPS to have regard for those most in need. DROs are a ....more The administration of c. 299 Debt Relief Orders (DROs) by Competent Authorities within the debt sector in England.The Financial Guidance and Claims Act 2018 which established MaPS requires MaPS to have regard for those most in need. DROs are a critical debt solution for many who fall into that category and tend to be used by very low-income clients and often those in vulnerable circumstances. Most debt advice agencies who process DROs (as Competent Authorities) undertake a significant administrative effort which is currently underfunded.
HM Revenue & Customs - HMRC Grant Funding
£125,000	01/04/2021	Supporting HMRC customers who need extra help accessing HMRC services
HM Revenue & Customs - HMRC Grant Funding
£120,126	01/04/2020	Supporting HMRC customers who need extra help accessing HMRC services
HM Revenue & Customs - HMRC Grant Funding
£99,518	01/04/2019	Supporting HMRC customers who need extra help accessing HMRC services
Comic Relief - Proposed expansion of National Debtline webchat to meet growing demand
£113,414	16/03/2016 24	Despite the positive recovery of the UK economy, debt continues to be a problem faced by millions of people across the UK. Debt crisis can contribute to issues such as mental health problems, food poverty and family breakdown. The Money Advice ....more Despite the positive recovery of the UK economy, debt continues to be a problem faced by millions of people across the UK. Debt crisis can contribute to issues such as mental health problems, food poverty and family breakdown. The Money Advice Trust’s National Debtline services continue to be in high demand as a result so there is a strong need to reach more indebted people. The grant will provide increased capacity of the recently created and successful Webchat service to reach more people who are less likely to use telephone advice lines because of a sense of stigma and embarrassment. The service will help people to better understand how to control and reduce debt in the longer term.
Esmee Fairbairn - Grant to Money Advice Trust
£300,000	30/10/2014	Towards a contribution to the Innovation Grants programme, which seeks to encourage new models of debt advice.
Esmee Fairbairn - Grant to Money Advice Trust
£150,000	15/09/2011	Towards an Innovation Grants Programme benefiting the money/debt advice sector.

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Data sourced from Donors via 360 Giving

How is it governed?

Trustees (9)

Current Trustees appointed

Gender Split

Based on 8/9 persons

Age Range of Trustees: 39-68

ADAM KHAN Appointed: 2023, Occupation: It

ALEXANDRA MEAGHER Appointed: 2023, Occupation: Regulatory Manager

CHRISTINE FARNISH (Chair) Appointed: 2023

LAURENCE EDWARD BURGESS Appointed: 2019, Occupation: Accountant

LUCY ELIZABETH MALENCZUK Appointed: 2019, Occupation: Consultant

MARK ALLISON Appointed: 2024, Occupation: Associate Director

REBECCA CLARE WILKIE Appointed: 2018, Occupation: Programme Director

SARAH RUTH DESAI Appointed: 2022, Occupation: Director Of Reward Hr

ZITAH MCMILLAN Appointed: 2023, Occupation: Ceo

Legal constitution

Charitable company registered in England & Wales on 18/09/2003, number: 1099506
Registered at Companies House on 23/04/2003, number: 04741583

Gift Aid

NOT registered with HMRC for Gift Aid

Other Regulators

Financial Conduct Authority

Policies in force

Bullying and harassment policy and procedures
Campaigns and political activity 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
Serious incident reporting policy and procedures
Social media policy and procedures
Trustee conflicts of interest policy and procedures
Trustee expenses policy and procedures

Filing Record

20 returns made; all on time

Recent reorganisation events:

Asset transfer in from LOAN SMART on 11/07/2022

Main office

MONEY ADVICE TRUST
21-26 GARLICK HILL
LONDON
EC4V 2AU

Objectives

(I) THE RELIEF OF POVERTY INCLUDING, BUT NOT LIMITED TO, THAT ARISING FROM INDEBTEDNESS; AND(II) THE ADVANCEMENT OF PUBLIC EDUCATION IN ALL MATTERS RELATING TO THE MANAGEMENT OF PERSONAL FINANCES

Defined Area of Benefit:

NOT DEFINED.

Data Sources

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