Trustees. Annual Report for the period I Period end date From 01 01 2025 Tol Reference and administration details Charity name 31 2025 Section A 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 toa oint trustee ifan Mr A Gilbert Mr P loannou MrDKey Miss J Stephens Mr R Payne Mr J Brown Mr D Mitchell 01101125- 216125 Chair Treasurer From 15109125 From 11103126 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 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 (eg. trust deed; convtit,i.Itioiij How the charity is constituted (eg. sscic'iatior), company) Charitable Incorporated Organisation Trustee selection methods jog. appointpd by. electpd byl Elected by Trustees Additional governance issues (Optional information) 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, advFce 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 Fn 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 118 new cases in the year, an increase of 18 % from the previous year. There was a large increase in debt cases to 74 from 50 the previous year. 82 % (98 % - 2024) of our Glients were signposted or referred to us by other agencies or individuals. The agencies that signpostedlreferred to us included, Social Prescriber for Harpenden, The Harpenden Trust, The Dens, Liberty Tea Rooms, Clients and Social Services / Soctal Workers. We helped people with budgeting, general money advice, benefits advice and support, Debt Relief Orders (27), Bankruptcy (2), Debt Management Plans (38) and Court support. During the year we helped 29 clients get to get debts of £495,000 (2024 £497,000) written off through Bankruptcy and Debt Relief Orders. We helped clients receive back dated benefit awards of £45,300 (2024 £76,000) and on-going weekly awards of £3,500 (2024 £2,300). We are indebted to MMRG Ltd, local churches and individuals for their financial support. TAR March 2012 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 1113126 TAR March 2012 CHARITY COMMISSION FOR ENGIAND AND WALES Harp9ndgn Monèy Advice Centro 1161164 Receipts and For the p•riod frorn ments accounts To 3111212025 0110112025 CC16a Section A Receipts and payments Unrestricted funds to Ihe nearest Restricted funds to tho nearost£ Endowment funds to the n8arESt£ Total funds Last y8ar A1 Recel to thg nearest £ tot￿ ne8resi£ Gifts. IndividJ815 Gifts- Churches Gifts. Trust¥ Gifts- Compani8S Gift Aid Received Interest R8ceNed Other l oan repaym8nls from Clients 400 2,800 7,166 2,370 7.110 980 .374 3.940 3,760 3,280 2,890 5.310 1,370 7.110 9C15 374 1,000 75 136 ss Income 1.741 AR) 17,477 22,549 14.817 sse an see table nvestmont sa rotal recelpts 17,4 .22.549 4.81 A3Pa ments Subscnption$- CMA & PO Insur8*￿8 & ICO Telephone PPS, Computer 5upplles & wuitJTrnt Mileage K parking Grant& Clients & Olhgr8 Loans 10 Clien15 Trairun9 & ¢￿fere￿r A(Imini$iraior s￿ary MIs￿l￿neoUS 1,696 536 1,415 419 1,696. $36 1.415 419 443. 4,300 3,538 365 5,917 733 1,624 524 1,019 50S 451 2.045 750 3,550 3.53B 305 5.917 733 12,274 270 5,6YO 754 12.862 Sub total A4 Asset and InV￿tMent Furniture Equipment 1,307 120 1.427 760 760 760 Sub total 13,034 7,088 20,122 14,289 Net of recelpts/(paymenrsJ AS Transfers between funds A6 Cash funds last year end Cash funds this year end 4,443 961 528 961 12,012 12.540 14,298 669 14,967 CCXX Rl accounts Issi 21102r2026 Section B Statement of assets and liabilities at the end of the period Categori¢4 Detalls Unrestricted funds 10 nearest£ Restricted funds to nÈ4r•ot £ EndowmÈnt fund# to nearest £ B1 Cash funds Lloyds Current Lloyds Savings Lhyds Flxed TArm 773 3,479 10,046 rotal cash funits r$￿ptE4ndP&y[r*7tB •xtyJnt(81} 0 14,298 .K Restrl¢lgd lunds to nea¥e8t£ Unrèstrictsd funds to nearest £ Endowment fund to thearest£ Details Glll Aid Debtoi B2 Other monetary assets Cllent Loarts 1.797 l)*tails Fund to which I bÈlon Current valu• on ¢o$t loption•l} Fund to wblch sset Unra8lriCted Det•il$ Samsung Printei CDBlloptlothall Currèrtt value 84 As$gts retalned for the ¢harity's own use Dell Laptap Unrestric Fumilure Unrestricted Brother Printer Unra8lricted P Laplop Unr1511iGt60 Bfjnners A Frames Unrestricted Fund to whlch Ilablll relates Amount duè lio byhen du* lon Details BS Liabilities Signed by one or truste8s Dn behaw of all the tru8lees S￿natUre Print Namè Dale of Richard Pa ne CCXX R2 accounts ISSI 2110212026