Charity Number. 1200532
Trustees Report
and Financial
Statements
For the year ended
31 December 2025
Money Advice St Neots
Charitable Incorporated
Organisation

Money Advice St Neots
Contents
Page
Trustees, annual report
Independent Examiner report
Statement of financial activities
Balance Sheet
Notes to the financial statements

Money Advice St Neots
Trustees, annual report
About Money Advice St Neots
Money Advi￿ St Neots was set up to provide relief of financial hardship through the provision of
debt counselling and other money advice services free of charge to people in St Neots and the
surrounding area.
Money Advi￿ St Neots works with and is supervised by the national charity Communty Money
Advice (Charity number 1111436) to provide the debt advice servi￿. Money Advice St Neots is
authorised and regulated by the Financial Conduct Authority (Registration number 809318).
The Gharity was set up on 5 August 2022 and was incorporated on 29 September 2022. The
correspondence address is Highfield House, Drewels Lane, Eynesbury Hardwicke. St Neots.
Cambridgeshire, PE19 6XW.
Reference and administrative infomiation
Money Advice St Neots is a tharitable incorporated organisalion, CIO (charity number 1200532).
The trustees vtho have served through the year of this report are..
Mr Jonathan Tame- Chairman
Dr Alan Mccormick
Mrs Kathryn Pickering - Treasurer
Mrs Jacqulyn Isaac
Mr Philip Chamberlain (appointed 15 October 2025)
Bankers: Co-operative Bank Business, PO Box 250, Skelmersdale, WN8 61A
Independent examiner.. Mrs Jessica Jones
Structure. Governance and Management
Money Advi￿ St Neots is a CIO (Charitable incorporated organisation) and is registered with the
Charity Commission of England. The meth¢Jd of appointment of the trustees is set OLrt in the
statutes. The governing document is in the fomi of a Constitution, adopted 5 August 2022.
Aims and objectives
The objectives are set out formally in our constitLrtional document..
'The relief of financial hardship for the public benefit by churches in St Neots through the
provision of debt counselling and other money advice services free of charge to people in St
Neots and the surrounding area which they would otherwise not be able to afford through
lack of means."
Our aim is to help people to get OLrt of debt and to live a debt free lrfe.
We want to see anyone struggling with debt to work towards a good outcome so they are able to
manage or clear their debts. We also want people we have supported to manage their rnoney more
effectively, maximising their income options and minimising their spending so they are enabled to
prioritise how they spend their money.

Money Advice St Neots
Public Benefit statsment
Money Advice St Neots offers free debt advice and budgeting coaching for all vtho seek our help.
The trustees have had due regard to the Charity Commission's guidan￿ on public benefrt and we do
not discnminate or judge when meeting and assisting clients. Anyone from outside of our local area
would not be denied help, but where appropriate would be signposted to another similar organisation
closer to them.
Activities and performance of the organisation
As of 31 December 2023, Money Advice St Neots was fijnding and supporting Love's Farm
Community Money Advice, which had been set up by Love's Fam Comrnunity Church in 2018. On
2 January 2024 the name registered with the FCA was changed from Love's Farm Community
Money Advi￿ to Money Advice St Neots and the charity took over full management of the debt
advi￿ Servi￿ and budgeting coaching.
We have had three paid members of staff doing debt advi￿. one of whom is also the ￿ntre
manager. During 2025, we took on an administrator who is a contrartor and helps to assist the
team with the level of administrative work. We have three artive volunteer advisers as well. All our
team have also received training in budget coaching and we are trying to encourage clients seeking
debt advi￿ to also re￿1ve budget coaching. We are looking at ways to run more budget coaching
courses or workshops.
One of our debt advisers attends three of the foodbanks in St Neots during the week and provides
dropin advi￿ seNice for foodbank users. On Thursday. run a v￿eklY drop in Servi￿ at Citizen
Hub in St Neots.
The Trustees meet four times a year.
The Trustees are mindful of the need for an awareness of Safeguarding in our work. This indudes
training our personnel to follow best practi￿ in their own Conduct as well as to be aware of potential
issues in the lives of dients who may be vulnerable adults, or in the lives of children in their family.
Jacqulyn Isaac is the Trustee Responsible for Safeguarding and the Designated Person for
Safeguarding (DPS). No safeguarding concems were raised during the year.
Financial review
During this year, donations to the charFty were sufficient to cover all its expenses and to leave
enough reserves to ensure that the reserves satisfied the reserves policy. The Gharty's income for
the year was £77,397 (2024: £46,595) and expenses came to £55.234 {2024. £49.229). The
balan￿ of funds at 31 December 2025 was £30,357 {2024.' £8,194), with £11,220 {2024'. £4,691 }
being restricted funds.
Reserves policy
It is the trustees reserves policy to maintain a balance on unrestricted funds, which equates to at
least three months unrestricted payments. equivalent to £13,088. to cover emergency situations that
may arise from time to time. The balance of £19,137 held on unrestricted funds, after designations.
at the year end is more than the reserves policy but only four months of payments so not
significantly higher.
The balan￿ of £11,220 in the restricted funds is made up of £8,720, being the balance carried forward
from the St Neots foodbank funding for the Financial Inclusions Project and £2,500 balance remaining
from the St Neots Town Council funding for the Citizen Hub Project.

Money Advice St Neots
Going concern statement
The trustees have assessed whether the use of the going concem basis is appropriate and have
considered possible events or conditions that might cast significant doubt on the ability of the charity
to continue as a going concem. The trustees have made this assessment for a period of al least one
year from the date of approval of the financial statements. In particular, the trustees have Gonsidered
the charity's forecasts and projections and have a reasonable expectation that the charity has
adequate resources to continue its activities for the foreseeable future. Accordingly, the charty
continues to adopt the going cOn￿M basis in preparing the financial statements.
Audit exemption statement
Due to the gross income being less than £1million arid since the gross assets are less than
£3.26million, the charity is exempt from needing an audit. The trustees have chosen an independent
examination to be carried out. since the gross income is over £25,000.
Statement of responsibilities of the Trustees
The Charities Act 2011 requires the trustees to prepa￿ financial statements for each financial period
which give a true and fair view of the state of affaits of the charity and of the incoming resources and
application of resources of the charity for that period. In preparing these financial statements, the
trustees are required to..
select suitable accounling policies and apply them consistently.,
obseNe thè methods and principles in the Charities SORP 2005-,
make judgments and accounting estimates that are reasonable and prudent.,
state whether applicable accounting standards have been followed, subject to any material
departures disc105ed and explained in the financial Statements", and
prepare the financial statements on the going concem basis unless it is inappropriate to do so.
The trustees are responsible for keeping sufficient accounting records that disclose with reasonable
accuracy at any time the financial position of the charity and enable them to ensure that the financial
sL￿ements comply with the Charities Act 2011. They are also responsible for safeguarding the
assets of the charity and hen￿ for taking reasonable steps for the prevention and deteGtion of fraud
and other irregularities.
Approved by the trustees on
11..l.o126
and signed on its behalf by
Jonathan Tame (Chainnan of the TTUStees)

Money Advice St Neots
Independent Examiner's report
Registered CIO1200532
I report to the charity trustees on my examination of the accounts of Money Advice St Neots
(the CIO) for the year ended 31 December 2025.
Responsibilities and basis of report
As the charity trustees of the CIO you are responsible for the preparation of the accounts in
accordance with the requirements of the Charities Act 20111'the Act'l.
I report in respect of my examination of the CIO'S accounts carried out under section 145 of the
Act. In carrying out my examination I have followed all applicable Directions given by the Charity
Commission under section 14515llbl of the 2011 Act.
Independent examinerfs statement- no matters of concern identified
I have completed my examination. I confirm that no material matters have come to my attention in
connection with the examination giving me cause to believe that in any material respect:
accounting records were not kept as required by section 130 of the Act: or
the accounts do not accord with those records,. or
the accounts did not comply with the applicable requirements concerning the form and content
of accounts Set out in the Charities (Accounts and Reports) Regulations 2008 other than any
requirement that the accounts give a 'true and fairf view which is not a matter considered as part
of an independent examination.
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.
Signed: 1
Name.. Jessica lones
Relevant professional qualificationlsl or membership.. ICAEW member 9249011
Address.. 6 South Road. Amer5ham, Bucks., HP6 5LX
Date..

Money Advice St Neots
Statement of financial activities
For the year ended 31 December 2025
2025
Total
2024
Total
Unrestrlcted Restrlcted
Income
Donations
Grant income
Gift aid
Help fund giving
Interest
24,473
13,450
147
185
142
24,473
52,450
147
185
142
6,150
38,570
100
1,775
39,000
Total income
38.397
39,000
77.397
46,595
Expenditure
Salaries and other related costs
Community Money Advice affiliation
Training
Room hire
ICO data protection fee
Slalionery and postage
Telephone
Website and IT costs
Advertising
Travel
CMA conference
Insolvency fees
DBS checks
Credit reports
Help fund
Gffts and subsistence
Insuran
Bank charges
14,506
1.500
350
2,400
47
701
340
923
248
524
60
32,446
46,952
1,500
375
2,400
47
701
340
923
248
524
60
42,577
1,250
360
221
35
611
40
219
416
272
615
225
202
100
1,556
37
493
25
227
140
235
55
506
227
140
235
55
SC
Total expenditure
22,763
32,471
55,234
49,229
Net {outgoingVincoming resources
beforo transfors
15,634
6,529
22,163
(2,634)
Transfers between funds
Net movement in funds
15.634
6.529
22.163
12,634)
Funds carried forward at 1 January 2025
3,503
4,691
8,194
10.828
Funds carried forward at 31 De￿mber 2025
19,137
11,220
30,357
8,194
All amounts relate to continuing activities

Money Advice St Neots
Balance Sheet as at 31 December 2025
2025
2024
Notes
Current assets
Cash at bank and in hand
31,290
9,075
Total current assets
31,290
9,075
Liabilities - amounts falling due
within one year
933
Net current assets
30,357
8.194
Net assots
30,357
8,194
Funds
Unrostrictsd
19.137
3,503
Restricted
11,220
4,691
30,357
8,194
Approved by the trustees on
and signed on its behalf by
Jonathan Tame (Chairman of the trustees)

Money Advice St Neots
Notes to the financial statements
Accounting policies
These financial statements of the charity have been prepared on a going concern basis and on
behalf of the trustees in accordan￿ with the Accounting and Reporting by Charities - Statement
of Recommended Practice SORP (2005) together with applicable accounts'ng standards and the
Charities Act. They have been prepared under the historical cost convention.
Incoming Resources
Recognition of incoming resources
These are included in the Statement of Financial ActNlties (SOFA) when:
the charity becomes entitled to the resources
the trustees are virtually certain they will receive the resOur￿S-, and
the monetary value Gan be measured with sufficient reliability.
Grants and donations
Grants and donations are only included on the SOFA when the charity has unconditional
entitlement to the reSoUr￿s.
Volunteer help
The value of any voluntary help re￿iVed is not included in the accounts but is described in the
trustees, annual report.
Expenditure and Liabilities
Liability recognition
Liabilities are recognised as soon as there is legal or Gonstructive obligation Gommitting the
charity to pay out resources.
Govemance costs
Include costs of the preparation and examination of statutory accounts, the costs of trustee
meetings and cost of any legal advice to trustees on governance or constitutional matters.
Support costs
Support costs include central functions and have been allocated to activty cost categories on a
basis consistent with the use of resources. e.g. allocating property costs by floor areas, or per
capita, staff costs by the time spent and other costs by their usage.
Assets
Tangible fixed assets for use by the charity
These are capitalised if they can be used for more than one period, and cost at least £500. They
are valued at cost or, rf gifted, at the value to the charity on receipt.
Unrestricted funds represent the funds of the CIO that are not subject to any restrictions
regarding their use and are available for application on the general purposes of the CIO.
Restricted funds represent those received for speciFIG purposes as SFecified by the donors.
Endowment funds are those where there is a requirement imposed by the donor to ￿taIn capital,
but which allow￿ income to be used.

Money Advice St Neots
Notes to the financial statements
Governance costs
There were no govemance related Gosts in the current peri¢Jd.
Employee remuneration
Average staff numbers in year to 31 December 2025 were 3 (2024.. 3) with remuneration totalling
£44.328 {2024.' £41,712). This includes £16,881 (2024.. £19,968) for one of the trustees vtho was
paid for the work as the ￿ntre manager and debt adviser.
Crnditoryts
2025
2024
HMRC PAYE & NIC
Accrual for expenses relating to 2024
Rent paid in January for December 2025
733
810
71
200
933
881
Restricted Funds
Balance at Incoming Resources
Balance at 31
1 January resources expended Dècember 2025
2025
Trussell Trust
St Neots F¢)odbank
St Neots Town Council
Huntingdonshire DistriGt Council
4,666
14,000
15,000
10,000
{18.666)
(6,280)
(7,500)
(25)
8,720
2,500
25
4,691
39,000
(32,471)
11,220
In 2025, £14.000 (2024.. £27,570) was received from the Trussell Trust for Money Advice St
Neots for wages and other running costs. The money was used in the year.
In 2025, £15,000 was received from St Neots Foodbank towards the financial inclusions project,
which Mast participates in at the foodbanks in St Neots. £8,720 was Ca￿led forward to 2026.
In 2025, £10.000 was received from St Neots Town Coun¢il towards wages and running costs for
the CitÉzen Hub drop in service project and £2,500 was carried fomard to 2026.
The £25 carried forward from money r￿1Ved from Huntingdonshire District Council tovmrds
training was used in the year.
Grants
Four unrestricted grants were re￿iVed in the year totalling £13.450 (2024.. £0). Details of
restricted grants can be found in note 5.

Money Advice St Neots
Notes to the financial statements
Related party transaclions
During the period, one Trustee was paid £16,881 (2024". £19,968) for their Y￿rk as the debt
advice centre manager and debt adviser.
One Trustee received expenses reimbursed of £205 (2024.. £442).