MONEY ADVICE TRUST
Financial health, per its FY2024 accounts
The accounts state that the charity achieved a modest operating surplus of £0.2m with total income of £21.7m against operational expenditure of £21.5m. Free unrestricted reserves stood at £12.6m, which the trustees confirm conforms to their stated reserves policy target of £5.5m +/- £1.5m. The charity reports adequate resources to continue in operational existence through 2025 and beyond.
What the accounts disclose
“£180,000 to £189,999 1 -” — page 38
“The policy agreed by the Board identifies a target reserve level of £5.5m +/- £1.5m.”
Leadership, per the charity’s website
- Steve Vaid — Chief Executive
- Christine Farnish CBE — Chair
- Matt Hartley — Director of Marketing and Engagement
- Joshua Parkes — Director of Operations
- Allan Kite — Director of Technology and Transformation
- Rebecca Hooper — Director of People
- Miles Joseph — Director of Strategy and Transformation
- Claudette Marcano — Director of Finance
Structured financials (annual return, FY ending 31/12/2024)
Register events
- Received assets from another charity (11/07/2022)
Trustees
- Christine Hayeschair
- Adam Khan
- Alexandra Meagher
- Laurence Edward Burgess
- Mark Allison
- Penelope Jane Clarke
- Sarah Ruth Desai
- Thomas Richard Hamilton Reddy
- Zitah McMillan-Ward
Income and spending
| Financial year end | Income | Spending |
|---|---|---|
| 31/12/2024 | £21.7m | £22.5m |
| 31/12/2023 | £21.3m | £18.7m |
| 31/12/2022 | £16.0m | £13.8m |
| 31/12/2021 | £16.3m | £14.0m |
| 31/12/2020 | £14.8m | £12.8m |
Common questions
Is MONEY ADVICE TRUST financially healthy?
The accounts state that the charity achieved a modest operating surplus of £0.2m with total income of £21.7m against operational expenditure of £21.5m. Free unrestricted reserves stood at £12.6m, which the trustees confirm conforms to their stated reserves policy target of £5.5m +/- £1.5m. The charity reports adequate resources to continue in operational existence through 2025 and beyond. Its FY2024 accounts were audited by PEM Audit Limited.
What does the highest-paid employee of MONEY ADVICE TRUST earn?
Per its FY2024 accounts, the highest-paid employee was in the £180,000 - £189,999 band.
Funders of similar charities
| Funder | Similar charities funded | Amount to them |
|---|---|---|
| THE MASTER CHARITABLE TRUST | 2 | £2.5m |
| THE HEALTH FOUNDATION | 2 | £204k |
| King Charles III Charitable Fund | 1 | — |
| THE TRUSSELL TRUST | 1 | £31.5m |
| THE PEARS FAMILY CHARITABLE FOUNDATION | 1 | £1.6m |
| THE NATIONAL GARDEN SCHEME | 1 | £780k |
| REUBEN FOUNDATION | 1 | £546k |
| WORCESTER MUNICIPAL CHARITIES (CIO) | 1 | £399k |