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← Community Money Advice Ltd

2025-05-31-accounts

COMMUNITY MONEY ADVICE

Accounts – 31st May 2025

COMMUNITY MONEY ADVICE

(A company limited by guarantee and not having a share capital)

Charity number: 1111436 Company number: 05123444

Accounts – 31st May 2025

INDEX

Registered in England and Wales No: 05123444

COMMUNITY MONEY ADVICE

REPORT OF THE TRUSTEES for the year ended 31st May 2025

The Trustees are pleased to present their annual report and financial statements of the charitable company for the year ended 31st May 2025 which are also prepared to meet the requirements for a directors’ report and accounts for Companies Act purposes.

The financial statements comply with the Charities Act 2011, the Companies Act 2006, the Memorandum and Articles of Association, and Accounting and Reporting by Charities: Statement of Recommended Practice applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and the Republic of Ireland (FRS 102) (issued October 2019).

Reference and Administration Details

The charity’s name is Community Money Advice.

Charity Registration Number: 1111436 Company Number: 05123444

Registered Office and Principal Address: c/o Illuminate, 18 Wyle Cop, Shrewsbury, Shropshire, SY1 1XB.

Trustees

The Trustees of the charitable company are its Directors for the purposes of company law. The Trustees and officers who served during the year and since the year end were as follows:

H R Keates (resigned 25/9/2025) T D Jackson (resigned 8/8/2025) S E Vinson J S Mander A K Padfield J E Wanless T J Cox (appointed 26[th] September 2024) Secretary: S E Vinson

Objectives and Activities

The main objects of the charity are to relieve poverty by providing advice and training to community groups and non-profit making organisations in order for them to assist persons who have been affected by debt.

The main activities of the charity are the development of church based social and community action especially in the field of debt and money advice to people in need. Also the establishment of completely free money advice centres in every community in the nation together with publication of education and training materials related to the above activities.

In planning the activities of the charitable company, the directors have considered the Charity commission's guidance on public benefit. The charity provides advice to persons in debt and provides training to debt advisors.

In addition, the charity advises Government, the national press and TV on personal indebtedness.

We summarise our overall aims in the statement, ‘Freedom from debt, hope for the future’.

COMMUNITY MONEY ADVICE

REPORT OF THE TRUSTEES

for the year ended 31st May 2025 ( Continued)

Achievements and Performance

The driving force behind CMA’s centres has always been to help people trapped by debt to find freedom through three key elements: regulated debt advice, money management skills and ongoing face to face support for as long as it is required – a unique offering amongst debt advice providers in the UK.

Regulatory requirements from the Financial Conduct Authority (FCA) in the area of Consumer Duty have caused significant work across the sector for implementation, for which training materials and CMA’s case and centre-management software, “Catalyst” have been specifically designed to address.

Money and Pension Service organizational accreditation is standard for all CMA FCA-authorized firms and the CMA Hub, as is compliance with FCA Consumer Duty regulations

The FCA heavily impacted centres by suddenly announcing that satellite centres needed to change the way they were registered, and insisted that advice immediately be stopped until new paperwork and structures were put in place. This had an unacceptable effect on clients and centre personnel. We hope that the clear feedback and high level of engagement was noted.

Last year we introduced the “Connect-First” model to enable new debt advice centres to open as quickly as possible.

Nationally, financial pressures on churches and a tightening landscape of grant sources have forced the closure of many centres, reducing the capacity of the network and reducing the income to CMA through affiliations. This has resulted in an exceptionally difficult year.

CMA Snapshot

This year, 8 new CMA Connect centres opened, as well as a new Full Debt Advice Centre. However, this has been offset by the loss of 42 existing centres which have closed as they struggled with funding, succession, and a number of local issues which couldn’t be surmounted.

4,750 (2024: 9,500) households have been helped with debt advice and another 2,300 for other support. Roughly £35m of debt was held across households on debt cases.

Training

Demand for training has continued to be buoyant, and our new booking system has coped admirably with some of the complexities around registration and course test administration.

CMA ran 103 (2024: 214) training days, with 811 (2024: 1,145) people attending.

46 (2024: 90) new Money Mentors (collecting and collating clients’ financial information and making referrals to CMA’s Hub for regulated debt advice) were added to the team of Connect centres.

Trained 70 (2024: 198) Budget Coaches to support individuals and families to budget and live within their means.

Catalyst

Our bespoke centre and case management software, Catalyst, has performed well for the network and further developments have rolled out seamlessly for centres in response to requests for enhancements.

Annual Conference

Our 2024 October conference in Shrewsbury saw excellent take-up and engagement, with much positive feedback, such as:

"Positive and thoughtfully crafted for all attendees"

"Very well organised, lovely people, wonderful atmosphere"

COMMUNITY MONEY ADVICE

REPORT OF THE TRUSTEES for the year ended 31st May 2025 ( Continued)

Annual Conference (continued)

"Very positive. Feel that we are going to move and grow more"

"Overall I enjoyed the conference, informative and uplifting"

"Watching on Zoom it was excellent. Thank you for including us and not letting us feel left out"

For 2025, we have taken the decision to switch to on-line only, to counter demands on staff time that is under increased strain as a result of the reduction in overall staff hours.

Head office

Our small head office space in Shrewsbury has enabled core administrative staff to consolidate day-to-day operations, and to provide a stable base for handling stock and a meeting place for staff.

Personnel

The planned-for transition to a new COO happened sooner than originally anticipated, as John Franks retired. His role has been taken on by our previous Training Manager, Becci Amos.

The reduction in the size of the network has led to the unhappy decision to reduce staffing levels, and to keep the level of staff provision under review while we look to the network to restabilize.

Our Operations team has reduced in size following the loss of three roles. Our Operations Team Manager left, as well as 3 other Support Managers, with support for centres being covered by other staff.

Redundancies have been made from January 2025 after a period of consultation, which also resulted in the removal of the Business Development role and a Hub Debt Adviser working with prisoners.

Financial Review

The total income for the year was £512,389 (2024: £674,257) and total expenditure on charitable activities amounted to £646,204 (2024: £842,080). At the year end the charity had £107,177 (2024: £232,639) in unrestricted reserves and £2,377 (2024: £10,370) in restricted reserves.

Reserves Policy

CMA maintains free cash reserves to cover whichever is the greater of 3 months’ operating costs or making staff redundant. However, unanticipated reductions in income and difficulties in attracting new grant funding have taken our reserves below the level that trustees wish to maintain, resulting in increased attention being brought to future plans.

Fundraising

The decision by the Money & Pensions Service to end their support for us as a body processing Debt Relief Orders has had a disproportionate effect on us compared to larger organisations.

Trustees wish to express their deepest thanks to the trustees of the Community Fund who are providing £332,670 over three years. This has enabled us to develop our “Catalyst” tool for all centres, develop our ChatBot, produce and accredit Level 3 training with MaPS, enhance our booking systems for training, and develop budgeting tools and our website for clients.

CMA Trustees are aware that reliance upon grant funding and centre affiliation fees is not sufficient to provide stability. Plans are underway for a fundraising initiative and inviting individuals to support CMA.

We are grateful to all our partners who support us financially and to God for His faithful provision.

COMMUNITY MONEY ADVICE

REPORT OF THE TRUSTEES

for the year ended 31st May 2025 ( Continued)

Fundraising (continued)

Our centres will always be at the heart of everything that we do, and CMA remains committed to ensuring we continue to provide each of our centres with the best possible service at all times, based upon individual needs, whilst seeking always to improve and enhance what we do. We support and mentor all of our centres, and include a focus on fundraising and financial resilience.

Trust Fund

CMA operates a trust fund, seeded with 10% of incoming MaPS grants. The fund enables centres to help clients with the cost of bankruptcies or for help for set-up and training costs where a centre is unable to meet the full cost themselves.

This year we ended our historical support for CHAPS in Kenya as a change of direction for the project following transition to new leadership removed our valued link to them.

Future Developments

This year will be the first where Consumer Duty Board reports are produced by centres, and centres consider the journeys of their vulnerable clients. Work within Catalyst to provide the raw statistics and reporting required for these reports has been completed.

A new specialist trainer, John Coates, has joined the training department to help facilitate the roll out of new training modules, focusing on delivering the Casework/Specialist courses.

Structure, Governance and Management

Community Money Advice Limited is a company limited by guarantee governed by its Memorandum and Articles of Association dated 4th May 2004 which have subsequently been amended. It is registered as a charity with the Charity Commission. Members of the charitable company guarantee to contribute amounts not exceeding £10 to the assets of the charitable company in the event of a winding up.

Appointment of Trustees

The trustees, who are also the directors for the purpose of company law, and who served during the year and up to the date of signature of the financial statements were:

H R Keates T D Jackson S E Vinson J S Mander A K Padfield J E Wanless T J Cox

Trustees meet 6 times a year, with a half-day with key CMA staff alongside the national conference, and an extended meeting in person in March. We intentionally cover all requirements of the Charity Commission over a 2-year cycle.

All trustees keep the composition of the board under review and will seek to appoint additional members with appropriate skills and expertise should the need arise. The trustee board aims to have a broad representation of trustees. The opportunity for new trustees is advertised across the CMA network together with the outline of the type of person required. Generally, trustees will have a knowledge of the sector, of a specific skill set that is needed to be a Christian. Interested parties are given details of the background of the charitable company in order to make them aware of current activities.

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COMMUNITY MONEY ADVICE

REPORT OF THE TRUSTEES for the year ended 31st May 2025 (Continued)

TrusteesAppointmentserve ofTrusteesfor a default (continued)period of 3

for a period of 3 years and are invited by other members of the board for re-election if they wish to continue. This year, both Sarah Vinson and Tim Jackson agreed to extend their retirement by a further year to support CMA through the difficulties of restructuring.

We revised our definition of being quorate to follow Charity Commission recommendations for “one-third of members plus one.”

particularlyWe appointedvaluedAvensurethroughonourbehalf experience of trusteesof implementingto aid CMAstructuralwith compliancechanges towiththe organisation.Human Resource advice,

Remuneration Annually, the Trustees review the salaries of the team and aim to agree an increase that keeps pace with the ConsumerAs part of Price Index. our restructuring this year, the staff working-day working-day was shortened from 8 to 7 hours, applied equally

As part our restructuring this year, the staff working-day working-day was shortened from 8 to 7 hours, applied equally across all the staff team, with the exception of 6 staff members who retained the 8 hour working day, as well as a number of shifts of role and a decision to not replace staff who were retiring or leaving the organisation. Our restructure has reduced our personnel spend by around 33%, which has been hugely painful in loss of capacity to support centres.

The Chief Executive Officer advises the trustees on any internal regrading required as part of promotion or structural changes, as they occur.

Risk Management

A risk register is kept under review by trustees and used each year to pro-actively guide trustees to areas of to mitigate exposure to the major risks. operations requiring scrutiny, with the aim of reducing risk to CMA. We are satisfied that systems are in place and finally concluded by Easter 2025. This year the financial risks to the charity forced a restructure, a process that commenced in September 2024 This report has been prepared in accordance with the special provisions relating to companies subject to the Small Companies Regime within part 15 of the Companies Act 2006. Approved by the trustees on DHS"4 FERRUARY. 2026 and signed; on its, behalf by:

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«Jui — Chair of Trustees
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COMMUNITY MONEY ADVICE INDEPENDENT. EXAMINER’S REPORT TO THE TRUSTEES

MayI report 2025.to the trustees on my examination of the accounts of Community Money Advice for the year ended 31st

Responsibilities and Basis of Report As the charity’s trustees (and also its directors for the purposes of company law) you are responsible for the preparation of the accounts in accordance with the requirements of the Companies Act 2006 (“the 2006 Act”). Having satisfied myself that the accounts of the charitable company are not required to be audited under Part 16 of the 2006 Act and are eligible for independent examination, I report in respect of my examination of your charity’s accounts as carried out under section 145 of the Charities Act 2011 (“the 2011 Act”). In carrying out mythe examination2011 Act. I have followed the Directions given by the Charity Commission under section 145(5) (b) of

Independent Examiner’s Statement Since the Companies gross income exceeded £250,000 your examiner must be a member of a body listed in section 145 of the 2011 Act. I confirm that I am qualified to undertake the examination because | am a member of the Association of Chartered Accountants which is one of the listed bodies.

I have completed my examination. I confirm that no matters have come to my attention in connection with the examination giving me cause to believe:

  1. accounting records were not kept in respect of the charitable company as required by section 386 of the 2006 Act; or

  2. the accounts do not accord with those records; or

  3. the accounts do not comply with the accounting requirements of section 396 of the 2006 Act other than anyan independentrequirement examination;that the accounts or give a true and fair view which is not a matter considered as part of

  4. the accounts have not been prepared in accordance with methods and principles of the Statement of accountsRecommendedin accordancePractice forwithaccountingthe Financialand reportingReportingbyStandardcharitiesapplicableapplicableintothecharities UK andpreparingRepublictheirof Ireland (FRS 102).

I have no concerns and have come across no other matters in connection with the examination to which attention should be drawn in this report in order to enable a proper understanding of the accounts to be reached.

22b High Street Witney OxonOX28 6RB

AP Williams BSc FCCA CharteredA CertifiedJ Carter & AccountantsCo Limited

COMMUNITY MONEY ADVICE

STATEMENT OF FINANCIAL ACTIVITIES

(including an income and expenditure account)

Note
Income from:
Donations
3
Charitable activities
4
Investments
5
Total incoming resources
Expenditure on:
Charitable activities
7
Total expenditure
Net income/(expenditure) and net
movement in funds for the year
Transfer between funds
Net movement in funds
Reconciliation of funds
Total funds brought forward
Total funds carried forward		 Unrestricted Unrestricted
Total
General
Designated
Restricted
Funds
Funds
Funds
Funds
2025
£
£
£
£
84,527
-
3,239
87,766
370,624
-
50,445
421,069
3,554
-
-
3,554
458,705
-
53,684
512,389
561,938
3,370
80,896
646,204
561,938
3,370
80,896
646,204
(103,233)
(3,370)
(27,212)
(133,815)
(14,332)
(4,527)
18,859
-		 Total
Funds
2024
£
46,305
622,085
5,867
674,257
842,080
842,080
(167,823)
-
(117,565)
(7,897)
(8,353)
(133,815)
215,469
17,170
10,730
243,369
£97,904
£9,273
£2,377
£109,554		 (167,823)
411,192
£243,369

The statement of financial activities includes all gains and losses recognised in the year.

All income and expenditure derives from continuing activities.

The notes on pages 10 to 16 form part of these financial statements

Registered in England and Wales: 05123444

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|||||||||| |---|---|---|---|---|---|---|---|---| |COMMUNITY|MONEY|ADVICE|8.| |BALANCE SHEET| |as|at|31st|May|2025| |Note|2025|2024| |£|£| |Current assets| |Debtors|'|11|32,374|19,804| |TotalCash atcurrent bank andassets in hand|124,97892,604|282,011301,815| |Liabilities| |Creditors|falling|due|within|one|year|12|15,424|58,446| |Net|current|assets|109,554|243,369| |Total assets|less current liabilities|109,554|243,369| |Creditors:|falling due after more than|| year|-|.| |Total|net|assets|15|£109,554|£243,369| |The funds of the Charity| |Restricted|income|funds|16|2,377|10,730| |Unrestricted|income funds-General|16|97,904|215,469| |Unrestricted|income|funds-Designated|16|9,273|17,170| |Total|unrestricted|funds|107,177|232,639| |Total charity funds|£109,554|£243,369|

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CompaniesFor the year Act ended 200631st relating May to2025 smallthe companies. company was entitled to exemption from audit under section 477 of the

Directors Responsibilities Theaccordancememberswithhavesectionnot 476;requiredand the company to obtain an audit of its accounts for the year in question in

The directors acknowledge their responsibilities for complying with the requirements of the act with respect to the accounting records and the preparation of accounts.

These accounts have been prepared in accordance with the special provisions relating to companies subject to the Small Companies Regime within part 15 of the Companies Act 2006.

: These accounts were approved by the board of directors and authorised for issue on: 24" FEAR MOY 2026 and are signed on their behalf by:

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Jch — Chair of Trustees
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The notes on pages 10 to 16 form part of these financial statements

COMMUNITY MONEY ADVICE

CASH FLOW STATEMENT

For the year ended 31st May 2025

Note
Cash flows from operating activities:
Net cash provided by operating activities
Cash flows from investing activities:
Interest
Purchase of tangible assets
Net increase/(decrease) in cash
Cash at bank at beginning of year
Cash in hand
Reconciliation of Net Income/(Expenditure)
to Net Cash Flow from Operating Activities
Net income/(expenditure)
Interest
(Increase)/decrease in debtors
Increase/(decrease) in creditors
Increase/(decrease) in deferred income
Net cash provided by operating activities
Analysis of Cash
Cash at bank and cash equivalents		 2025
£
(192,961)
3,554
-
(189,407)
(189,407)
282,011
£92,604
2025
£
(133,815)
(3,554)
(12,570)
(5,338)
(37,684)
£(192,961)
2025
£
92,604
£92,604		 2024
£
(125,496)
5,867
-
(119,629)
(119,629)
401,640
£282,011
2024
£
(167,823)
(5,867)
17,757
(14,404)
44,841
£(125,496)
2024
£
282,011
£282,011

COMMUNITY MONEY ADVICE

NOTES TO THE ACCOUNTS for the year ended 31st May 2025

1. Accounting Policies

The principal accounting policies adopted, judgments and key sources of estimation uncertainty in the preparation of the financial statements are as follows:

a) Basis of Preparation

The Financial Statements have been prepared in accordance with the Charities: Statement of Recommended Practice (applicable to Charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102)) (issued in October 2019) – (Charities SORP (FRS 102)), the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) and the Companies Act 2006.

Assets and liabilities are initially recognised at historical cost or transaction value unless otherwise stated in the relevant accounting policy notes.

Public Benefit Entity

Community Money Advice meets the definition of a public benefit entity as defined by FRS 102.

Going Concern

The trustees consider that there are no material uncertainties about the charity’s ability to continue as a going concern.

b) Income Recognition Policies

Items of income are recognised and included in the accounts when all of the following criteria are met:

For legacies entitlement is taken as the earlier of:

Receipt of a legacy, in whole or in part, is only considered probable when the amount can be measured reliably and the Charity has been notified of the Executors intention to make a distribution. Where legacies have been notified to the Charity, or the Charity is aware of the granting of the probate and the criteria for income recognition have not been met, then the legacy is treated as a contingent asset and disclosed if material.

Income received in advance of a specific performance or provision of other specified service is deferred until the criteria for income recognition are met.

c) Donated Services

COMMUNITY MONEY ADVICE

NOTES TO THE ACCOUNTS

for the year ended 31st May 2025 (continued)

d) Interest Receivable

Interest on funds held on deposit is included when receivable and the amount can be measured reliably by the Charity; this is normally upon notification of the interest paid or payable by the bank.

Unrestricted funds are available to spend on activities that further any of the purposes of the Charity. Designated funds are unrestricted funds of the Charity which the trustees have decided at their discretion to set aside to use for a specific purpose. Restricted funds are donations which the donor has specified are to be solely used for the particular areas of the Charity’s work or for specific projects being undertaken by the Charity.

f) Expenditure and Irrecoverable VAT

Irrecoverable VAT is charged as a cost against the activity for which the expenditure was incurred.

Individual fixed assets are capitalised at cost and are depreciated over their estimated useful economic lives on the straight line basis as follows:

Asset Annual Category Rate Land Nil Buildings 2% per annum Equipment 25% per annum

h) Debtors

Trade and other debtors are recognised at the settlement amounts due after any trade discount offered. Prepayments are valued at the amount prepaid after taking account of any trade discounts due.

i) Cash at Bank and in Hand

j) Creditors and Provisions

Creditors and provisions are recognised where the Charity has a present obligation resulting from a past event that will probably result in the transfer of funds to a third party and the amount due to settle the obligation can be measured or estimated reliably. Creditors and provisions are normally recognised at their settlement amount after allowing for any trade discounts due.

COMMUNITY MONEY ADVICE

NOTES TO THE ACCOUNTS

for the year ended 31st May 2025 (continued)

k) Pensions

The Charity operates a defined contribution scheme, the assets of which are held outside the Charity. The contributions by the Charity in the year are detailed in note 14.

2. Legal Status of the Charity

Community Money Advice Limited is a private company limited by guarantee incorporated in England and Wales.

3. Income from donations

Donations and gifts Unrestricted
Designated
Restricted
Funds
Funds
Funds
Total
2025
2025
2025
2025
£
£
£
£
84,527
-
3,239
87,766
£84,527
£-
£3,239 £87,766		 Total
2024
£
46,305
£46,305

4. Income from charitable activities

Grants
Affiliate fees
Conference & training
Other income		 Unrestricted
Designated
Restricted
Funds
Funds
Funds
Total
2025
2025
2025
2025
£
79,264
-
50,445
129,709
170,998
-
-
170,998
95,759
-
-
95,759
24,603
-
-
24,603
£370,624
£-
£50,445 £421,069		 Total
2024
£
210,854
189,318
126,176
95,737
£622,085

5. Income from investments

Interest 2025
£
3,554
£3,554		 2024
£
5,867
£5,867

COMMUNITY MONEY ADVICE

NOTES TO THE ACCOUNTS

for the year ended 31st May 2025 (continued)

6. Analysis of expenditure on charitable activities

Staff costs
Contractors
Training tutor fees
Memberships
Conference costs
Marketing and PR
Travel expenses
Hospitality
Postage, telephone and office costs
Insurance and Accountancy
Bank charges
IT costs including Catalyst
Non-executive trustee expenses
Audit
Charitable giving
Total		 Unrestricted Designated
Restricted
Funds
Funds
Funds
Total
2025
2025
2025
2025
£
£
£
£
458,443
-
60,958
519,401
7,220
-
125
7,345
11,087
-
-
11,087
839
-
-
839
15,892
-
-
15,892
1,280
-
-
1,280
-
-
-
-
4,561
-
-
4,561
14,275
-
2,119
16,394
5,478
-
-
5,478
1,358
-
-
1,358
40,533
-
12,445
52,978
322
-
-
322
-
-
-
-
650
3,370
5,249
9,269
£561,938
£3,370
£80,896
£646,204		 Total
2024
£
580,903
14,413
21,425
1,848
19,681
3,165
4,851
2,592
29,665
1,167
1,486
118,304
557
5,740
36,283
£842,080

7. Net income/(expenditure) for the year

2025
This is stated after charging:
£
Auditors remuneration
-
Accountancy and independent examiners fee
1,440
Analysis of staff costs, trustee remuneration and expenses and related party transactions
2025
£
Salaries and wages
462,419
Social security costs
29,403
Employer contribution to defined contribution pension scheme
12,288
£504,110		 2024
£
5,740
-
2024
£
535,489
31,694
13,720
£580,903

8. Analysis of staff costs, trustee remuneration and expenses and related party transactions

No employees had emoluments in excess of £60,000 (2024: £60,000).

The following payments were made during the year in respect of the reimbursement of travel, subsistence and office costs of two trustees £322 (2024: £3,066).

9. Staff numbers

The average monthly number of employees during the year was as follows:

Charitable activities
Administration		 2025
Number
19
7
26		 2024
Number
24
5
29

COMMUNITY MONEY ADVICE

NOTES TO THE ACCOUNTS

for the year ended 31st May 2025 (continued)

10. Corporation tax

The charity is exempt from tax on income and gains falling within section 505 of the Taxes Act 1988 or section 252 of the Taxation of Chargeable Gains Act 1992 to the extent that these are applied to its charitable objects.

11. Debtors

Prepayments and accrued income
12.Creditors: amounts falling due within one year
Deferred income
Accruals
13.Deferred income
Other deferred income
Deferred income is included in the financial statements as follows:
Deferred income is included within:
Current liabilities
Movements in the year:
Deferred income at 1 June 2024
Released from previous periods
Resources deferred in the year
Deferred income at 31 May 2025
14.Retirement benefit schemes
Defined contribution schemes
Charge to profit or loss in respect of defined contribution schemes		 2025
£
32,374
£32,374
2025
£
13,857
1,567
£15,424
2025
£
13,857
£13,857
2025
£
13,857
£51,541
£(49,264)
£11,580
£13,857
2025
£
12,288
£12,288		 2024
£
19,804
£19,804
2024
£
51,541
6,905
£58,446
2024
£
51,541
£51,541
2024
£
51,541
£6,700
£(6,700)
£51,541
£51,541
2024
£
13,720
£13,720

The company operates a defined contribution pension scheme for all qualifying employees. The assets of the scheme are held separately from those of the company in an independently administered fund.

COMMUNITY MONEY ADVICE

NOTES TO THE ACCOUNTS

for the year ended 31st May 2025 (continued)

15. Analysis of net assets between funds

Fund balances at 31 May 2025 are represented by:
Current assets/(liabilities)
Total
Fund balances at 31 May 2024 are represented by:
Current assets/(liabilities)
Total		 Unrestricted Designated Restricted
Funds
Funds
Funds
Total
£
£
£
£
97,904
9,273
£2,377
109,554
£97,904
£9,273
£2,377 £109,554
Unrestricted Designated Restricted
Funds
Funds
Funds
Total
£
£
£
£
215,469
17,170
10,730
243,369
£215,469
£17,170
£10,730 £243,369
  1. Analysis of charitable funds

Analysis of movements in designated funds

The unrestricted funds of the charity comprise the unexpended balances of donations and grants which are not subject to specific conditions by donors and grantors as to how they may be used. These include designated funds which have been set aside out of unrestricted funds by the trustees for specific purposes.

Kenya
Trust Fund
Total		 Balance
Incoming
Resources
Balance
1.6.2024
resources
expended
Transfers
31.5.2025
£
£
£
£
£
4,527
-
-
(4,527)
-
12,643
-
(3,370)
-
9,273
£17,170
£-
£(3,370)
£(4,527)
£9,273

Analysis of movements in restricted funds

The restricted funds of the charity comprise the unexpected balances of donations and grants held on trust subject to specific conditions by donors as to how they may be used.

Trust Fund
Community Fund
Scotland
Acts 435
Training
Specialist Support
Total		 Balance
Incoming
Resources
Funds
1.6.2024
resources
expended
Transfers
31.5.2025
£
£
£
£
£
2,490
660
(2,703)
-
447
4,241
50,445
(73,424)
18,859
121
2,319
-
(2,319)
-
-
180
770
(950)
-
-
1,500
-
(1,500)
-
-
-
1,809
-
-
1,809
£10,730
£53,684
£(80,896)
£18,859
£2,377

Name of restricted fund Description, nature and purposes of the fund

Trust Fund To support centres and clients in financial difficulty. Funds received to develop the Connect centres as an alternative basis of Community Fund providing debt advice at a local level. Scottish Funds Provision of Scottish specific services. Acts 435 Funds received to directly meet client needs. Training Funds received to support the rewrite of CMA's Level 3 training materials.

COMMUNITY MONEY ADVICE

NOTES TO THE ACCOUNTS

for the year ended 31st May 2025 (continued)

17. Related party transactions

Trustee remuneration

During the year the charity paid remuneration and fees to one of the directors and key management personnel of the charity as follows:

Heather Keates
Salaries and wages
Employers national insurance
Employers pension		 2025
£
48,278
5,573
1,448
£55,299		 2024
£
51,670
5,875
1,550
£59,095

Transactions with related parties

During the year the company entered into the following transactions with related parties:

The Fayre
purchase of goods		 2025
£
420
£420		 2024
£
6,323
£6,323

The Fayre is a joint partnership between H Keates and her partner T Keates.

The payments are in respect to advertising and graphic design, and are paid on a fair market value.

18. Cash generated from operations

Deficit for the year
Adjustments for:
Investment income recognised in statement of financial activities
Movements in working capital:
Decrease in debtors
(Decrease) in creditors
Increase/(decrease) in deferred income		 2025
£
(133,815)
(3,554)
12,570
(5,338)
(37,684)
(192,961)		 2024
£
(167,823)
(5,867)
17,757
(14,404)
44,841
(125,496)