Colchester CMA Debt Centre
The relief of poverty through debt counselling, money advice, job clubs and other related activities in the Colchester, Essex area.
Financial health, per its FY2025 accounts
The charity reported a surplus of £11,185 for the year, increasing its total retained funds to £24,462. The trustees confirmed that reserves were maintained in excess of three months' salary costs, providing confidence that the charity can meet its financial obligations. Total costs decreased by 30% to £36,003, while total income increased by 43% to £47,188.
What the accounts disclose
“In 2024/25 trustees maintained reserves in excess of three months' salary costs.”
Trustees
- Andrew Neill
- Michael Andrew Roberts
- Rev Nicky Young
- Sian Helen Simpkins
- Toby Bull
Income and spending
| Financial year end | Income | Spending |
|---|---|---|
| 31/03/2025 | £47k | £36k |
| 31/03/2024 | £34k | £52k |
| 31/03/2023 | £47k | £62k |
| 31/03/2022 | £62k | £58k |
| 31/03/2021 | £58k | £42k |
Common questions
Is Colchester CMA Debt Centre financially healthy?
Per its FY2025 accounts: The charity reported a surplus of £11,185 for the year, increasing its total retained funds to £24,462. The trustees confirmed that reserves were maintained in excess of three months' salary costs, providing confidence that the charity can meet its financial obligations. Total costs decreased by 30% to £36,003, while total income increased by 43% to £47,188. Its FY2025 accounts were independently examined.
Who funds Colchester CMA Debt Centre?
Funders whose own accounts filings name Colchester CMA Debt Centre as a grant recipient include THE TUDWICK FOUNDATION.
Known funders
| Funder | Year | Amount | Purpose (as stated by the funder) |
|---|---|---|---|
| THE TUDWICK FOUNDATION | FY2022 | £2k |