MELTON AND DISTRICT MONEY ADVICE CENTRE
Registered charity 1180798 · accounts filings on the Charity Commission register · also known as MADMAC, MELTON & DISTRICT MONEY ADVICE CENTRE
MADMAC provides a free, confidential and impartial advice service for the people of Melton Mowbray and neighbouring districts concerning money and debt. It provides a personalised package of care until financial freedom is gained encouraging the reduction and occurrence of future debt problems.
Causes: Education/training · The Prevention Or Relief Of Poverty · website · Get email alerts
Financial health, per its FY2024 accounts
The accounts state that the charity employed 6 staff (3.6 FTE) at year-end and secured all necessary funding to maintain posts. The trustees have resolved to set aside 25% of expected annual expenditure for unexpected funding shortfalls to ensure continued operations. No material uncertainties or deficits were disclosed in the provided text.
Automated summary of the FY2024 accounts; the evidenced findings below carry the verbatim passages.
What the accounts disclose
Reserves policy: 25% of expected annual expenditure
“We have resolved to set aside 25% of expected annual expenditure for unexpected funding shortfalls and will be opening an appropriate separate savings account for this purpose.”
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
Trustee list from the Charity Commission register (current, not historical).
Operates in: Leicestershire · Lincolnshire · Northamptonshire · Nottinghamshire · Rutland
Income and spending
Common questions
Is MELTON AND DISTRICT MONEY ADVICE CENTRE financially healthy?
Per its FY2024 accounts: The accounts state that the charity employed 6 staff (3.6 FTE) at year-end and secured all necessary funding to maintain posts. The trustees have resolved to set aside 25% of expected annual expenditure for unexpected funding shortfalls to ensure continued operations. No material uncertainties or deficits were disclosed in the provided text. Its FY2024 accounts were independently examined.
Who funds MELTON AND DISTRICT MONEY ADVICE CENTRE?
Funders whose own accounts filings name MELTON AND DISTRICT MONEY ADVICE CENTRE as a grant recipient include THE MSE CHARITY.
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
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Side by side with its peers
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