Trustees. Annual Report for the period Period start date From 01 Period end date 01 To Reference and administration details 31 2024 Section A Charity name Harpenden Money Advice Centre Other names charity is known by HMAC Registered charity number (if any) 1161164 Charity's principal address 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 person (or body) entitled to appoint trustee (if an Mr A Gilbert Mr P loannou MrDKey Miss J Stephens Mr R Payne Treasurer 10 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 year TAR March 2012
Names and addresses of advisers (Optional information) pe of adviser Name Address Name of chief executive or names of senior staff members (Optional information) Section B Structure, governance and management Description of the charity's trusts Type of governing document Constitution f)I",St>èJ j+jLJI I How the charity is constituted (eg, trIJl. <?%¢ociaÉiori, coI"fi¥)¢2nyi Trustee selection methods (e9 a¥)fJoiril Charitable Incorporated Organisation Elected by Trustees Additional governance issues (Optional information) You may choose to include additional information, where relevant, about: policbes 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 March 2012 TAR
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 Information) 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 Summary of the main achievements of the charity during the year We had 108 new cases in the year, an increase of 15 % from the previous year. There was an increase in both debt (50) and non debt cases (58). 98 % 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 (11), Clients(17) and Social Services I Social Workers (11). We helped people with budgeting, general money advice, benefits advice and support, Debt Relief Orders (28), Bankruptcy (1), Debt Management Plans (17), IVA referral (1) and Court support. During the year we helped 29 clients get to get debts of £497,000 (2023 £276,000) written off through Bankruptcy and Debt Relief Orders. We helped clients receive back dated benefit awards of £76,000 (2024 £61,000) and on-going weekly awards of £2,300. We are indebted to MMRG Ltd, local churches and individuals for their financial support. March 2012 TAR
Section E Financial review The Charity seeks to keep reserves equivalent to six months worth of expenditure in reserve. Brief statement of the charity's policy on reserves Details of any funds materially in deficit Further financial review details (Optional information) 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 March 2012 TAR
CHARITY COMMISSION FOR ENGLAND AND WALES Harpenden Money Advice Centre 1161164 Receipts and ments accounts CC16a For the period from 0110112024 To 31J1212024 Section A Receipts and payments Unrestrlcted funds to the nearest Restricted funds to the nearest £ Endowment funds to the nearest £ Total funds Last year to the neast £ to the nearest £ A1 Recei Gifts - Individuals Gifts - Churches Gifts - Trusts Gifts - Companies Gift Aid Received Interest Received 2.950 3,760 2,180 2.890 811 136 990 3.940 3,760 3.280 2,890 811 136 3,091 3.580 1,402 7.500 1,100 ss Income AR) 12,727 2,090 14.817 15.580 Asset and Investment sales. see table . to 12,727 2,090 14,817 15,580 A3Pa ments Subscriptions - CMA & PO Insurance & ICO Telephone PPS, Computer supplies & equipment Mileage & parking Grants- Clients & others Training & conference Administrator salary MIlIaneouS 1.624 524 1.019 505 451 625 270 5.670 754 11.442 1.624 $24 1,019 505 451 1,496 499 791 544 439 1.960 1.161 5,291 577 12,758 1,420 270 5,670 754 12,862 Sub total 1.420 A4 Asset and investment Furniture A Frames 1.307 120 1A27 1,307 120 1.427 Sub total 12.869 1,420 14.289 12,758 Net of receipts/(payments) A5 Transfers between funds A6 Cash funds last year end Cash funds this year end 142 670 528 2.822 10,958 10,816 1,054 1.724 12.012 12,540 9,190 12,012 CCXX R1 accounts (SS) 0910512025
Section B Statement of assets and liabilities at the end of the period Unrestricted Cat funds to nearest £ Restricted funds to nearest £ goi'ies Endowment funds to nearest £ etails B1 Cash funds Lloyds Current Lloyds Savlngs Lloyds Fixed Term 96 720 1,724 10,000 Total cash funds (agree balan¢es with recElpts and paym9nts aGcount{g)) Unrestricted funds to nearest £ 890 Restricted funds to nearèst £ Endowment funds to n8arest £ etails Gift Ald Debtor B2 Other monetary assets 75 Fund to which asset belon Details Current valug tional Cost (optional) B3 Investment assets Fund to whiGh asset belon Unrestricted D tails Samsung Printer Cost (optional) Current value o tional B4 Assets retained for the charity's own use D811 Laptop UnrastriGtgd Furniture Unrestricted Brother Printer Unfestricted HP Laptop Restricted Banners unrestricted A Frames U nreslricted Fund to whlch liabill relates Amount due tional When due tional Details BS Liabilities Signed by one or two trustees on behalf of all the trustees Date of roval Signature Print Name Il- Richard Pa ne q161is CCXX R2 accounts (SS)