MISSION Trustees. Annual Report for the period Period start date Period end date From 12023 31 12 ,' 2023 Reference and administration details Charity name Section A Harpenden Money Advice Centre Other names charity is known by HMAC Registered charity number (if any) Charity's principal address 1161164 129 Station Road Harpenden Postcode AL5 4UU Names of the charity trustees who manage the charity Trustee name Office (if any) Dates acted if not for whole ear Chair Name of peon (or body) entitled to appoint trustee ifan Mr A Gilbert Mr P loannou MrDKey Miss J Stephens Mr R Payne Treasurer 10 11 12 13 14 15 16 17 18 19 20 Names of the trustees for the charity, if any. (for example, any custodian trustees) Name Dates acted if not for whole ear TAR March 2012
Names and addresses of advisers (Optional inforniation) e of adviser Name Address Name of chief executive or names of senior staff members (Optional Snfomiation) Section B Structure, governance and management Description of the charity's trusts Type of governing document Constitution How the charity is constituted Charitable Incorporated Organisation Trustee selection methods Elected by Trustees Additional governance issues (Optional infomiation) You may choose to include additional information, where relevant, about: policies and procedures adopted for the induction and training of trustees- the charity's organisational structure and any wider network with which the charity works; relationship with any related parties; trustees, consideration of major risks and the system and procedures to manage them. Section C Objectives and activities The objects of the CIO are the relief of financial hardship or poverty amongst persons in the Hertfordshire, Central Bedfordshire and Buckinghamshire areas by any such means that are exclusively charitable at law, particularly but not exclusively by providing debt counselling and adjusting services, advice and assistance in financial matters Summary of the objects of the charity set out in its governing document TAR March 2012
Provision of debt advice, debt adjusting and assistance in financial matters on a free basis to anyone within our catchment area. The trustees have had regard to the guidance issued by the Charity Commission on public benefit. Summary of the main activities undertaken for the public benefit in relation to these objects (include within this section the statutory declaration that trustees have had regard to the guidance issued by the Charity Commission on public benefit) Additional details of objectives and activities (Optional infomiation) HMAC are very grateful to the volunteers who make it possible to run the service. They serve as advisers, support and trustees. You may choose to include further statements, where relevant, about: policy on grantmaking- policy programme related investment; contribution made by volunteers. TAR March 2012
Section D Achievements and performance We had 94 new cases in the year. 43 cases were debt related and 51 re non debt. This is the highest number of cases in any given year and an increase of 27 % from the previous year. Summary of the main achievements of the charity during the year 90 % of our clients were signposted or referred to us by other agencies or individuals. The agencies that signpostedlreferred to us Include Social Prescriber for Harpenden (30 %). The Harpenden Trust(10 % ) and the Citizens Advice (14 % ). We helped people with budgeting, general money advice, benefits advice and support, Debt Relief Orders (15). Bankruptcy (1), Debt Management Plans (14), IVA referral (1) and Court support. During the year we helped 16 clients get £276,000 debts written off through Bankruptcy or DRO'S. We managed to get another £34,000 written off on compassionate grounds. We helped clients receive back dated benefit awards of £61,000 and on- going weekly awards of £3,100. We are indebted to MMRG Ltd, local churches and individuals for their financial support. TAR March 2012
Section E Financial review Brief statement of the charity's policy on reserves The Charity seeks to keep reserves equivalent to six months worth of expenditure in reserve. Details of any funds materially in deficit Further financial review details (Optional inforniation) You may choose to include additional information, where relevant about: the charity's principal sources of funds (including any fundraising); how expenditure has supported the key objectives of the charity; investment policy and objectives including any ethical investment policy adopted. Section F Other optional information Section G Declaration The trustees declare that they have approved the trustees, report above. Signed on behalf of the charity's trustees Signature(s) Full name(s) Position (eg Secretary, Chair, etc) Richard Anthony Payne Treasurer Date 27109124 TAR March 2012
CHARITY COMMISSION FOR ENGLAND AND WALES Harpenden Money Advice Centre 1161164 Receipts and ments accounts 3111212023 To CC16a For the period from 0110112023 Section A Receipts and payments Unrestrlcted funds to the nearest Restricted funds to the nearest £ Endowment funds to the nearèst £ Total funds Last year to the nearest £ to the nearest £ A1 Recei Gifts - Individuals Gifts - Churches Gifts- HCF Gifts - Trusts Gifts- Companies Gift Aid Received Interest Received 2,941 3,580 150 3.091 3,990 4.230 1,000 828 2,500 855 362 7,500 1,040 7,500 to ross Income AR) 14,390 1,190 15.580 13,403 sset an see tsble . inves men sa es, to .390 1,190 15,580 ,403 A3Pa ments Subscriptions ~ CMA & PO Insurance & ICO Telephone PPS, Computer supplies & equipment Mileage & parking Grants- Clients & others Training & conference Administrator salary MislIaneOUS 1.496 499 791 1,496 499 791 1,428 437 692 583 510 1,371 794 4,802 174 10.791 439 1,545 1,161 5,291 577 12.343 439 1,960 1.161 5.291 577 12.758 415 Sub total 415 A4 Asset and investment La to Banners 343 314 657 Sub total 12.343 415 12,758 11,448 Net of receipts/(payments) A5 Transfers between funds A6 Cash funds last year end Cash funds this year end 2,047 775 2,822 1,955 8.911 10,958 279 1,054 9,190 12.012 7,235 9,190 CCXX R1 accounts (SS) 2710912024
Section B Statement of assets and liabilities at the end of the period Categories Details Untestrlcted funds to nearest £ 1.951 Restri¢ted funds to nearest £ Endowment funds to nearest £ B1 Cash funds Lloyds Current Lloyds Savings 1.054 9,007 Total cash funds 10.958 (agree balan¢e$ with receipts and payments account{s)) 1,054 Unrestricted funds to nearest £ 795 Restricted funds to nearest £ Details Gift Aid Debtor Endowment funds to nearest £ B2 Other monetary assets Details Fund to which asset belon c$t (optional) Current value tional Details Samsung Printer Fund to which asset bel UnrestriGted Current value tlonal B4 Assets retaFned for the charlty's own use Cost (optional) Dell Laptop A Frame Board Unrestricted Restricted Brother Printer Unrestricted HP Laptop Banners Restricted unrestricted Details Fund to which relates Amount due tional When due tional B5 Liabilitles Signed by one or two trustees on behalf of all the trustees Signature Print Name Date of roval Richard Pa ne 2710912024 CCXX R2 accounts (SS) 2710912024