ADVICE South Tyneside ANNUAL REPORT 2025 ## **Introduction** Our communities have shared with us the growing pressures they face rising ‑ ‑ day to day living costs, increasing personal debt, and the toll this takes on people’s mental health and wellbeing. In response to these concerns, Durham Diocese and the Parish of Jarrow & Simonside supported us in launching a pilot project in 2022, working in partnership ‑ with Community Money Advice (CMA) — a national FCA regulated charity that provides debt advisers, accredited training, and vital support for local organisations like ours. During our first year, we helped more than 90 people across South Tyneside with information, advice, benefit support and debt management, overseeing a combined £392,563 of debt. As we close our second year, we are proud to report that we have now supported over 160 members of our community and have guided people through more than £1,000,000 worth of debt. Our entire team are trained Mental Health First Aiders, ensuring that every person who walks through our door receives support that is not only practical and informed, but also compassionate and safe. As demand continues to grow, our ambition is to deliver this service long term. We will continue to explore sustainable funding opportunities, develop partnerships, and pursue joint funding models that help us remain accessible to those who need us most. ‑ With regular drop ins across South Tyneside, and referrals already coming from various partner agencies, we will keep expanding our reach through community. Money Advice South Tyneside is committed to empowering local people, reducing financial stress, and improving wellbeing — and we look forward to continuing this essential work in the years ahead. Money Advice South Tyneside ## **Our Aims & Objectives** _“I can now focus on my future instead of worrying about my debt”_ The object of the CIO is to provide support of the relief of financial hardship in South Tyneside and neighbouring areas by providing a range of impartial money advice and support services to people in financial hardship, including those in debt, who though lack of means would be otherwise unable to obtain such advice. Money Advice South Tyneside ## **Our Priorities** ## **THE RELIEF OF HARD SHIP** To work with our clients to find solutions to their money worries, providing support with maximising income and managing spend. ## **PROVIDE IMPARTIAL ADVICE & GUIDANCE** We will give impartial advice and guidance which is confidential. We will refer to other organisations, building partnerships to enable our organisations and others we work with to support communities within South Tyneside the best way possible. ## **FINANCIAL EDUCATION** We aim to educate our clients on the best ways to maximise income, manage household budgets and remain debt free. Money Advice South Tyneside ## **Measuring Progress** **----- Start of picture text -----**
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## **Achievements &** ## **Performance** These past 12 months have been somewhat of a challenge due to funding. However, we remain dedicated to support all residents of South Tyneside. We have supported over 160 people with debt advice, budgeting, completing benefit forms are amongst the range of support we have given. We continue to build partnerships with local organisations to expand the reach of Money Advice South Tyneside and enable us to support as many residents as possible of South Tyneside. Our centre manager spent time supporting Communities Together Durham Refugee & Asylum Seeker project. Whilst there she supports refugees and asylum seekers in applying for universal credit, college applications, council tax support and applications, general support around household bills. We were successful in gaining funding to deliver stop smoking project on behalf of South Tyneside Council. We have been helping to raise the awareness of stop smoking support within South Tyneside offering 121 and out of hours support. During the year, Community Money Advice (CMA) carried out a routine audit of MAST to confirm the centre was compliant with all the appropriate regulatory requirements, and everything was found to be satisfactory. We have gained a new volunteer who has undergone relevant training and supports the project with social media and initial client contact. ## **Case Studies** Client A lived alone and suffered from anxiety, depression & social isolation. He struggled to pay his bills, mainly due to the cost-of-living crisis and low income. We worked through his debts and supported him in his struggles to manage his bills and everyday budgeting. We succeeded in the client being granted a DRO. This has allowed the stress and anxiety of being in debt taken away and allowed him to manage his household finances better. Money Advice South Tyneside ## **Statement of Financial Activities** ||**Unrestricted Funds **|**Restricted**
**Funds**|**Total Funds 2025**| |---|---|---|---| |**Incoming Resources**|||| |Donation|0|0|0| |Charitable Activities|0|0|0| |Other incoming resources|£7,625|£7,593|£15,218| |**Total Incoming Resources**|**£7,625**|**£7,593**|**£15,218**| ||||| |**Resources Expended**|||| |Generation on voluntary income|0|0|0| |Charitable Activities|£15,892|£5,740|£21,632| |Governance Costs|£688|£295|£983| |**Total Resources Expended**|**£16,580**|**£6035**|**£22,615**| ||||| |**Net income/(expenditure) for the year**|**(£8955)**|**£1558**|**(£7397)**| ||||| |**Reconciliation of Funds**|||| |Total Funds Brought Forward|£13,330|0|£13,330| |Net movement in funds throughout
year|(£8,955)|£1,558|(£7,397)| ||||| |Total funds carried forward|**£4,375**|**£1,558**|**£5933**| Money Advice South Tyneside ## **Acknowledgements** We would like to thank all of the organisations who have supported & funded us this past year. Money Advice South Tyneside Money Advice South Tyneside Report and Finanaal Ststements for the year ended 31 December 2025 Charitsble Incorporated Organisation Charity number 1205586 Money Advice South Tyneside Report and Financial Statements for the year ended 31 December 2025 Conterts Pages Direiturs, and Trustees. Report Independent Examinerfs Report Statement of Financial Artivities Balance Sheet Notes to the Financial Statements 9-11 Money Advice South Tyneside Directors and Trustees Annual Report lor the year ended 31 De￿rnber 2025 Reference and admlnlstratlon detalls Charity name= Money Advice South Tyneside Registered charTty number Regirtered office addres5 1205586 The Parish of Jarrow and Simonside St. Peters Church Centre York Avenue JARROW Tyne And Wear NE32 5LP The trustees who served during the perii)d and up to the date of this report are: Rev Sheila Bamber appointed 6 Novembef 2023 for l year. reappointed November 2024 for l year: Reappointed November 2025 for l year appointed 17 April 2024 for l year- Reappointed 23 April 2025 for l year appointed 6 November 2023 for 3 years- resigned March 2025 appointed 6 November 2023 for 3 years appointed 6 November 2023 for 2 years; re5iBned November 2025 Carol Cowan Dia￿ Jamieson Rev Lesleyjones Alan Moodv Independent Examiner Mr J l Henderson I Silverdale Way Whickham Newcastle upon Tyne NE16 SSL Strurture. governance and management Money Advice South Tyneside is a Charitable Incorporated Organisation, set up and registered with the Charity Commission on 6 November 2023. The trustee5 meet every 4-6 weeks. meeting 11 times over the reportin8 period. The CIO took over the work of 'Free Help with Debt,. a project run by Comrnunities Together Durham. Trustees, the majority of whom were steering group members forthe original project, met regular￿ to ensure an orderly transition, which was Comp￿ted in June 2024. Staff appointed to the project were seconded into MAST and will be transferred to the CIO once there is 12 months funding in place. Objectlves and activities The object of the CIO is to provide support of the relief of financial hardship in South Tyneside and neighbourtng areas by providing a rdnge of impartial money advice and support services to people in financial hardship, including those in debt. who though lack of means would be othepHise unable to obtain such advice. We focus our activities in three areas: The relief of hard5hip.' we work with our clients to find solutions to their money worries. providing support with maximising income and managing spend. IM￿rtial advice & guidan￿. we give impartial advice and guidance which is confidential. We will refer to other organisations, building partnership5 to enable our organisations and others we work with to support communities within SoLrth Tyneside the best way possible. Financial education- we aim to educate our clients on the best ways to maximise income, manage household budgets and remain debtfree. Thetrustee5 have had regard to the guidan￿ ￿sued by the Charity Commission on public benefit. Achievements and perforniance Ourcommunities have shared with us the growing pressures they face: rising day-to4ay living costs, increasing personal debt, and the toll this takes on people's mental health and wellbeing. In response to these concerns. Durham DI0￿$e and the Parish of Jarrow & Simonside supported us in launching a pilot project in 2022, working in partnership with Community Money Advice ICMAI - national FCA-iegulated charity that provides debt advlsers. accredited trainin& and vital support for local organisations like ours. During our first year. we helped more than 90 people across South Tyne5ide with informotion, advice. benefitsupport and debt management. overseeing a combined £392,563 ofdebt. As we close oursecond year, we are proud to report that we have now supported over 160 members of our community and hove guided people through more than £l.O(KJ.CiJ) worth of debt. Alongside the debt advice. we provide 5UPPOrt with budgeting and completing benefit form5 and we continue to build partnerships with local organisations to expand the reach of Money Advice South Tyneside as widely as we can. Our entire team are trained Mental Health First Aiders. ensuring that every person who walk5 through our door receive5 SUPPOrt that is not only practical and infomied. but also compassionate and safe. These past 12 months have been somewhat of a chaifenge due to funding. During the yeor we agreed a reduction of hour5 WTth our staff team priorto a review and restructuring. Our Centre Managerlseconded from Communities Together Durham} was redeployed to spend some time supporting Communities Together Durham Refugee & Asylum Seeker project, assisting refugees and asy5um seekers applying for Universal Credit. and stjpporting them to establish independent living in the community with help and advice around council tax and other household bills, college applications and access to other services. We were successful in 8aiNing funding to deliver stop smoking projert on behalf of South Tyneside Council. We have been helping to raise the awareness of stop smoking support within South Tyneside offering 121 and out of hours support. Duringthe year, Community Money Advice ICMAI carried OLrt a routine audit of MASTto confirm the centre was compliant with all the appropriate regulatory requirements, and everything was found to be sat15fattory. We have recruited a new volunteer who has Unde￿One relevant training and supports the projert with social media and initial client contact. As dernand continues to Brow. our ambition is to deliver this serwce long temi. We will continue to explore sustainable funding opportunities, develop partnerships. and pursue joint funding models that help us remain ac￿ssible to those who need us m05t. Wtth regular drop-ins across South Tyneside, and a steady flow of referrals from partner agencies. we will keep expanding our reach through community. Money Advice South Tyneside is committed to empowering local people, reducing financial stress. and improving wellbeing and we look forward to continuing this essential work in the years ahead. Financial performance Fundraising has been the highest priority during the past year and the securing of further grants and income to continue the project remains a concern. At the end of January 2026 there are sufficient resources in hand to maintain operations for three months and we are actively seeking secure funding for 12-24 rnonth5 operating costs. Trustees. responsibllltles in respert of the financial ststements Charity Law requires the trustees to prepare financial statements foreach financial year. which gNe a true and fairview of the state of affairs of the charity at the year end and of the net incoming/outgoing resources of the charity for the year then ending. In preparing these financial statements the trustees are required to select suitable accounting policies. make judgements and estimates that are reasonable and pnKlent; state whether applicable accounting standard5 have been followed. subject to any material departures disclosed and explained in the financial statements: prepare financial statements on a going concern basis unless it is inappropriate to 355ume that the charity will continue on that basis. The trustees are responsible for keeping proper accounting records which disclose with reasonable accuracy at any time the financial position of the charity and to enable it to ensure that the financial statements comply with the Charities Act 2011. They are also responsible for safeguarding the assets of the charity and hence for taking reasonable steps for the prÈvention and detection of fraud and other irregularities. This report was approved by the trustees on 24 February 2026 and signed on their behalf by Rev Le51eyJones Chair of Trustees Independent Examinerfs Report on the Accounts Report to the Trustees of Money Advi￿ South Tyneside on the accounts for the year ended 31 December 2025 set out on pages 7 to 11 Respertive responsibilities of trustees and examiner The chariws trustees are responsible for the preparation of the accounts. The charity'5 trustees consider that an audit Is not required for this year under section 144 of the Charities Act 2011 (the Charities Attl arld that an independent examination is needed. It 15 my responsibility to.. examine the accounts under section 145 of the Charities Att, to follow the procedures laid down in the general Directions given by the Charity Commission lunder section 145151(bl of the Charities Artl, and to state whether particular matters have come to my attention. Basis of independent examinels statement My examination was carried out in accordantt with general Direttions given by the Charity Commission. An examination includes a review of the accounting record5 kept by the charity and a compari50n of ihe accounts presented with those record5. It also include5 consideration of any unusual items or diKlosures in the aCCDunts and seeking explanation5 from the trustees concerning any such matters. The procedures undertaken do not provide all the evidence that would be required in an audit, and conseqLJently no opinion is given as to whether the accounts present 3 'true and fairf view and the report is limited to those matters set out in the statement below. Independent examinerfs statement In connection with my examination, no mètter has come to my attention.. 111 which gives me reasoriable cause to believe that, in any material respect. the requirements.. To keep accounting records in accordance wtih settion 130 of the Charities Act,. and To prepare accounts which accord with the accounting records and comply with the accountlng requirements of the Charities Att have not been met- or 121 to which, in my opinion, attention should be drawn in orderto enable a proper understanding of the accounts to be reached. Signed Date Zgd ZOZ Name r J l Henderson FCA Address I Silverdale Way Whickham NE16 SSL Money Advice South Tyneside Statement of Flnancial Artivities (incorporating an Income and Expenditure Account) for the year ended 31 December 2025 ote Unrestrkted Restricted Total Fund5 Total Fund5 Funds Funds 2025 6.11.23- 31.12.24 Ineoming resources Donation Charitable activtties Other incoming resources Totolincomino resources 194 7,625 7,593 15.218 34,094 Resourtes expended Generation of voluntary income Charitable Activitie5 Governance costs Other resourcei expended Totol resources expended 15,892 5.740 295 21.632 983 20,886 72 Netincomellexpenditure) for the year Recontiliation of funds Total funds brought forward Net movernent in fund5 throughout year 13.330 955 13.330 Totolfunds CanFedfOTh￿rd All the Charit￿5 operations are classed as continuing and recognised gains and losses and movement on reserves are shown above. Thenotes on page5 8 to 11 form part ofthese accounts. Money Advice South Tyneside Balan￿ Sheet as at 31 De￿rnber 2025 Total Funds 2025 Total Funds 2024 Current Assets Debtors Cash at bank and in hand 9,055 33,117 TotolcurrÈnt ossets 9,055 33.117 atiillties credit￿5= amount5 falling due within one year Netcurrent assets T(Jtalossets less current litibilities 5933 13,330 Netossets Thè funds of the charity Re5tricLed income funds Unrestrirted income funds 1.558 4375 13.330 Totalchoritvfunds Signed on behalf of the Trustees Rev LesleyJones Director and Trustee Date 2S.-J ￿ k loz dri Money Athiice sO￿h Tyneside Notes to the financial Statements for the year ended 31 December 2025 Note I: Basis of preparatlon These accounts have been prepared on the basis of historic cost (except that investments are shown at market value) in accordan￿ with the Financial Reporting Standard 102 {FR51021 as applicable to Charities leffective January 20161 comprising the Statement of Recommended PTrrtice Accoutrting and Reporting by Chartties I"SORP 2015.1. Note 2: Accounting policies Incoming resources 2.1.1 Recognition of incoming resources These are included in the Statement of financial Activities (SOFA) when- The charity becomes entitled to the resource The trustees are virtually certain they will receive the resources and the monetary value can be measured with sufficient reliabil¢ty. 2.1.2 Incoming resovrces with related expenditure Where incoming resources have related expenditure las with fvndraising or contrart income) the incoming resource5 and rekted expenditure are reported gross in the SOF 2.1.3 Grants and donations Grants and donations are only included in the SOFA when the charity has unconditional entitlement to the resources. 2.1.4 Tax reclaims on donations and gtfts Incoming resources from tax reclaims are included in the SOFA at the same time as the gift to which they relate. 2.1.5 Contractual income and performance related grants This is only included in the SOFA once the related goods or services have been delivered. 2.1.6 Gifts in kind Gifts in kind are attounted for at a reasonable estimate of their value to the charity or the amount actually realised. Gifts in kind for sale or distribution are induded in the account5 as gifts only whe sold or distributed by the tharity. Gtfts in kind for use by the charity are included in the SOFA as incoming resources when receivable. 2.1.7 Donated services and facilities These are only included in incoming resources {with an equivalent amount in resources expended) where the benefit to the charity is reasonably quantifiable, measureable and material. The value placed on these resources is the estimated value to the charity of the service or facility received. 2.1.8 Volunteer help The value of any voluntary help received is not included in the accounts but is described in the trustees. annual report. 2.1.9 Investment income This is included in the accounts when receivable. Expenditure and Ilabilities 2.2.1 ￿abilIty recognition Liabilities are recognised as soon as there is a legal or constructive obligation commltting the charity to pay out resources. 2.2.2 Governance cost5 Include costs of the preparation and examination of ststutory attounts, the costs of trustee meetings and costs of any legal advice to trustees on governance or constitutional matters. 2.2.3 Support tosts Support costs include Central function5 and have been allocated to attivity cost categories on a basis conslstent with the use of resources. Assets 2.3.1 Tangible fixed a55et5 for use by chartty These are capitalised if they can be used for more than one yearand cost at least £1,000. They are valued at cost or, if gifted. at the value to the charity on receipt. Note 3 Anatysis ol Incomi￿ resources Unrestricted Restricted Total 2025 Total 2024 Voluntary income (Donationsl 194 Activities for generating fund5 Other Incoming resource Grant- Hadrian Trust Cornmunity Foundation IWi112n Trust} Greatham H05Pital Other- refund office rent deposit Grant- Stop Smoking S Tyneside Communities Together Durham ICMA & insurance) 1,200 425 5,593 7,625 7,625 34,094 Totalincoming resources Nots 4 Analysis of resources expended Unrestricted Restrirted Total 2025 Total 2024 Charitable acbvitles Staff costs Travel and subsistence Administration Stsff training Marketing materials Artivities Misc 11.406 2,185 13,591 17,793 396 1,695 4.154 95 1350 95 400 234 68 130 107 1.705 1,835 107 15 Governance costs 295 983 72 rotttl resource5 expended 16 Note 5 Detai15 of certain items of expenditure Trustee expenses No Trustees claimed expenses during the accounting period. Fees for the examination of the attounts 31.12.25 Independent examinerfs fees for reporting on the accounts Note 6 Paid employees Atthe end of the year one part time member ofstaff employed by Communitie5ToEether Durham IcfDI wasseconded to the projert. remunerated at £30,507 per annum {FtE. induding pension contribution5). Note 7 Debtors and prepayments: there were no debtors or prepayments at 31 December 2025. Note 8 Creditors and accruals Analysis of ￿edItOrS Amounts falling due within one year At 31.12.25 At31.12.24 Reimbursements to CTD Note 9 Transaction5 and related partie5." there were no trdn5actions with related parties during the year. Note 10 Liability of Members If the CIO is Wound up, the members of the CIO have no liability to contribute to its assets and no personal responsibility for settling its debts and liabilities.