Finance Score: 0
Governance Score: 4
Support Score: 11
  • Strong growth: +2
  • Multiple Deficits: -2
  • Narrow trustee age band: -2
  • Dynamic board: +3
  • Gender balanced board: +3
  • Grant maker support: +11
Overall GiG Score: 15 ?

COMMUNITY MONEY ADVICE LTD 

Development of church based social and community action especially in the field of debt and money advice to people in need. The establishment of completely free money advice centres in every community in the nation. Publication of education and training materials related to the above activities.
Analysis by Giving is Great

Positives:

  • There has been strong growth in spending over the last 5 years
  • A significant proportion of recent income was derived from major grant makers
  • The Board appears to be well diversified in terms of gender and dynamic in terms of composition

Regulatory & Governance issues to consider:

  • This charity only provides its support via other charities
  • The Board has little diversity in terms of age

Financial issues to consider:

  • On several occasions in recent years income has been less than spending

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
31/05/23£719£828£-109£0£411£4055.9300
31/05/22£819£629£190£0£520£5169.8240
31/05/21£720£440£280£1£330£2717.4100
31/05/20£345£251£94n/an/an/an/an/a0
31/05/19£234£285£-51n/an/an/an/an/a0
31/05/18£301£286£15£0£0£0n/a00
31/05/17£271£216£55£0£0£0n/a00
31/05/16£210£217£-6£0£0£0n/a00
31/05/15£177£213£-36£0£0£0n/a00
31/05/14£189£189£0£0£0£0n/a00
31/05/13£168£192£-24£0£0£0n/a00
31/05/12£206£189£17£0£0£0n/a00
31/05/11£152£133£18£0£0£0n/a00
31/05/10£123£126£-3£0£0£0n/a00
31/05/09£119£82£37£0£0£0n/a00
31/05/08£59£58£1£0£0£0n/a00
31/05/07£45£37£8£0£0£0n/a00
31/05/06£15£21£-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: 6%
Liabilities/Income: 4%
Unrestricted Funds/Total Funds: 99%
Reserves/Spending: 5.9 months
Net Current Assets/Spending: 6 months
Quick Ratio: 14.3
Asset Split ?
Established: 19 years

www.communitymoneyadvice.com

companysec@communitymoneyadvice.com

07720458626

Charity Commission for England and WalesCompanies HouseFacebookX
UN SDGs
?
Listed activities
  • Education/Training
  • General Charitable Purposes
  • The Prevention Or Relief Of Poverty
GiG Classification
  • Social & legal advocacy
How it operates
  • Acts as an umbrella or resource body
  • Provides advocacy/advice/information
  • Provides human resources
  • Provides services
Where it operates
  • Northern Ireland, Scotland, Throughout England And Wales,
Who it helps
  • Other Charities Or Voluntary Bodies
Who works here?
  • 30 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.

Major supporters in last 5 years
National Lottery Community Fund£584,470
Department for Work and Pensions£338,750
Tudor Trust£62,000
Dulverton Trust£60,000
DCMS£50,000
Specific Donations
Amount When
Months
To be used for
Quartet Community Foundation - Grant to Trowbridge Debt Advice Service
£900 16/06/2023
As directed by the donor towards the debt advice service.
Quartet Community Foundation - Grant to Melksham CMA
£1,100 16/06/2023
As directed by donor towards debt advice services.
National Lottery Community Fund - Growing Access to Debt Advice
£332,670 30/05/2023
This funding will support the project to expand their reach and increase the number of new set ups and services they provide to churches and various community-based organisations. This will enable ....more
Quartet Community Foundation - Grant to Melksham CMA
£2,570 10/01/2023
As directed by donor towards debt advice services.
The Bishop Radford Trust - Grant to Community Money Advice
£1,500 29/07/2022
To re-write and re-print CMA Level 3 money advice and pention service (MAPS) Training. This will enable this training to remain fit for purpose and will enable the accredited level 3 training to be ....more
Quartet Community Foundation - Grant to Melksham CMA
£1,200 13/06/2022
As directed by donor towards debt advice services.
Department for Work and Pensions - CMA Grant for the Administration of Debt Relief Orders
£338,750 18/03/2022
The administration of c. 1,469 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 ....more
Quartet Community Foundation - Grant to Melksham CMA
£1,000 18/06/2021
As directed by donor towards debt advice services.
Tudor Trust - Grant to Community Money Advice
£2,000 02/02/2021
as an additional grant to support staff, volunteer and trustee wellbeing, to assist the organisation deliver its charitable purpose more effectively
DCMS - Coronavirus Community Support Fund
£50,000 26/08/2020
"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
Tudor Trust - Grant to Community Money Advice
£60,000 03/07/2020
24
over two years as unrestricted funding for a national charity supporting a network of centres providing free, face-to-face debt advice
Dulverton Trust - Core funding
£60,000 10/06/2020
Core funding
National Lottery Community Fund - CMA Connect
£251,800 24/03/2020
35
This organisation will continue providing debt and money advice to people across England. With the funding, the group will establish a network of centres in communities where there is little or no ....more
Dulverton Trust - Core costs and strategic development
£30,000 25/10/2018
Core costs and strategic development
Esmee Fairbairn - Grant to Community Money Advice Ltd
£54,000 28/11/2016
24
towards the cost of implementing changes to ensure that the widely available community-based, volunteer-led debt advice service provided by the organisation can be maintained and expanded.
Tudor Trust - Grant to Community Money Advice
£90,000 01/05/2015
36
over three years as unrestricted funding for a national charity supporting churches and community organisations to provide free, face-to-face debt advice services
Tudor Trust - Grant to Community Money Advice
£4,000 29/08/2014
as a development grant to support compliance with new consumer credit regulations, introduced by the Financial Conduct Authority
Esmee Fairbairn - Grant to Community Money Advice Ltd
£82,194 19/01/2011
Towards the salaries of two part-time operations support managers to enable further expansion in London and Scotland.
Esmee Fairbairn - Grant to Community Money Advice Ltd
£40,000 06/08/2008
24
Towards Project costs Towards the salaries of two employees during CMA's step-change development, to expand capacity in response to the enormous and growing demand for debt advice.
Show more rows

Data sourced from Donors via 360 Giving

How is it governed?

Trustees (6)
Current Trustees appointed
Gender Split

Age Range of Trustees: 49-67
Legal constitution
  • Charitable company registered in England & Wales on 23/09/2005, number: 1111436
  • Registered at Companies House on 10/05/2004, number: 05123444
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
  • 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
18 returns made; all on time
Recent reorganisation events:
  • Asset transfer in from HOPE DEBT ADVICE on 28/07/2019
Main office

Community Money Advice
18 Wyle Cop
SHREWSBURY
SY1 1XB

Objectives

TO RELIEVE POVERTY BY PROVIDING DEBT ADVICE AND TRAINING TO COMMUNITY GROUPS AND NON-PROFIT MAKING ORGANISATIONS IN ORDER FOR THEM TO ASSIST PERSONS WHO HAVE BEEN AFFECTED BY DEBT.

Defined Area of Benefit:

NATIONAL AND OVERSEAS

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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