THE MONEY CHARITY
Registered charity 1106941 · accounts filings on the Charity Commission register · also known as CREDIT ACTION, CREDIT ACTION TRUST
The Money Charity is the UK's financial capability (financial education) charity. We develop and deliver products and services which provide education, information and advice on money matters, in an appropriate way for young people and adults.
Causes: Education/training · The Prevention Or Relief Of Poverty · website · Get email alerts
Financial health, per its FY2024 accounts
The accounts state that unrestricted free reserves increased to £180,557, representing 3.7 months of expenditure, which meets the charity's policy target of a minimum of three months. Although the charity reported a net loss for the year, it achieved a net unrestricted gain, and the trustees confirm the organization is a going concern with no material uncertainties.
Automated summary of the FY2024 accounts; the evidenced findings below carry the verbatim passages.
What the accounts disclose
Largest income source: none
“Overall income for the year amounted to £622,273 (2023 £653,078) with an expenditure for the period of £690,988 (2023 £761,371).” — page 25
Per its FY2024 accounts as filed with the Charity Commission.
Reserves policy: three months of unrestricted expenditure excluding that which relates to activities generating income (held: £181k)
“It is the policy of the charity that the unrestricted funds not committed or invested in tangible fixed assets (the free reserves) held, should equate to a minimum of three months of our unrestricted expenditure excluding that which relates to activities generating income.” — page 27
Per its FY2024 accounts as filed with the Charity Commission.
Accounts independently examined (not a full audit). Discloses 5 of 6 completeness components.
Public profiles (found on the charity’s own website): facebook · instagram
Structured financials (annual return, FY ending 31/12/2024)
Cost of raising funds
£23k
Reported reserves equal ~3.1 months of spending — below the median for charities its size (median 5.2 months; benchmarks).
Per its annual return, largest income source: Charitable activities (93% of income) — components as reported reconcile to the return’s total income; not from the accounts narrative.
Per its annual return, cost of raising funds: 3.8% of total income — below the median for charities its size (4.9%) (benchmarks).
Trustee list from the Charity Commission register (current, not historical).
Operates in: Northern Ireland · Throughout England And Wales
Income and spending
Common questions
Is THE MONEY CHARITY financially healthy?
Per its FY2024 accounts: The accounts state that unrestricted free reserves increased to £180,557, representing 3.7 months of expenditure, which meets the charity's policy target of a minimum of three months. Although the charity reported a net loss for the year, it achieved a net unrestricted gain, and the trustees confirm the organization is a going concern with no material uncertainties. Its FY2024 accounts were independently examined.
Who funds THE MONEY CHARITY?
Funders whose own accounts filings name THE MONEY CHARITY as a grant recipient include AKO FOUNDATION, WORSHIPFUL COMPANY OF INSURERS CHARITABLE TRUST, THE CENTRE FOR INNOVATION IN VOLUNTARY ACTION, THE MSE CHARITY, ALTOR FOUNDATION.
Known funders
Grants to this charity found in funders’ own accounts filings.
Government & lottery funding
Grants to this charity published as open data by government and lottery funders (360Giving).
Funders of similar charities
Funders whose accounts show grants to charities similar to this one (and no recorded grant to this charity) — a starting list for fundraisers.
Charities like this
Semantically similar by activities and financial character, from our analysed corpus. Compare with Money Ready.
Side by side with its peers
Each row is that charity’s latest analysed filing; every value is quote-backed on its own page.