MK MONEY LIFELINE
The Charity is a non-fee charging money advice centre. It provides free, impartial and confidential personal money advice to those living in or near Milton Keynes through face-to-face budgeting, money and personal debt advice; communicates with creditors, having established an equitable allocation of any surplus income; and provides a self-help pack either via the internet or post.
Financial health, per its FY2025 accounts
The accounts state that total income for the year was £89,733 against expenditure of £67,403, resulting in a surplus and unrestricted reserves of £67,364. The trustees report that the charity has adequate resources to continue in operational existence for the foreseeable future. However, the future of the charity depends on the continued commitment by staff and volunteers and the ability to raise sufficient funds to cover expenses.
What the accounts disclose
“Mrs S Anderson, the wife of the centre manager (who is also a Trustee) is employed as an office administrator and debt adviser. Her total remuneration in the year amounted to £8,733 (2024: £9,422). The terms and conditions of her employment are identical to those of all other employed staff. The centre manager does not participate in any decision making processes affecting her employment and the specific arrangements have been disclosed to the Charity Commission who have raised no objection.” — page 20
“Donations totalling £30 (2024: £238) were made to the charity during the year by Trustees (or persons connected with them).” — page 20
“Mrs S Anderson, the wife of the centre manager (who is also a Trustee) is employed as an office administrator and debt adviser. Her total remuneration in the year amounted to £8,733 (2024: £9,422). The terms and conditions of her employment are identical to those of all other employed staff. The centre manager does not participate in any decision making processes affecting her employment and the specific arrangements have been disclosed to the Charity Commission who have raised no objection.” — page 20
“Donations totalling £30 (2024: £238) were made to the charity during the year by Trustees (or persons connected with them).” — page 20
Trustees
- Rebecca Rachel Hudsonchair
- Ian Nicholas Anderson
- Richard Anthony Foan
- Robert Morrison
- Susan Ndudi Omordia
Income and spending
| Financial year end | Income | Spending |
|---|---|---|
| 31/10/2025 | £90k | £67k |
| 31/10/2024 | £59k | £57k |
| 31/10/2023 | £57k | £54k |
| 31/10/2022 | £53k | £61k |
| 31/10/2021 | £35k | £48k |
Common questions
Is MK MONEY LIFELINE financially healthy?
Per its FY2025 accounts: The accounts state that total income for the year was £89,733 against expenditure of £67,403, resulting in a surplus and unrestricted reserves of £67,364. The trustees report that the charity has adequate resources to continue in operational existence for the foreseeable future. However, the future of the charity depends on the continued commitment by staff and volunteers and the ability to raise sufficient funds to cover expenses. Its FY2025 accounts were independently examined.