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CHISWICK MONEY ADVICE CENTRE

Registered charity 1185550 · accounts filings on the Charity Commission register

Chiswick Money Advice Centre (CMAC) is an independent, community-focused charity working to alleviate poverty through the provision of comprehensive debt advice and accessible financial education. Our vision is centred on the whole person, meeting them at their point of need, and walking the journey with them until they get back on their feet. CMAC works in partnership with Crosslight Advice.

Causes: Disability · The Prevention Or Relief Of Poverty · Get email alerts

Latest income
£68k
Latest spending
£54k
Registered
2019
Accounts read
FY2024

Financial health, per its FY2024 accounts

The accounts state that free reserves of £41,416 are significantly below the trustees' stated policy target of one year of operations. The charity faces a principal risk of cash flow deficit due to reliance on single-year funding and the ending of multi-year grants in 2025.

Automated summary of the FY2024 accounts; the evidenced findings below carry the verbatim passages.

What the accounts disclose

Reserves position: below the charity's own stated reserves policy (held: £41k; policy: one year of operations)
“At 31 December 2024, free reserves were f4L,4L6 (2023: f21,950) which is significantly below the one-year target.” — page 8
Per its FY2024 accounts as filed with the Charity Commission.
Going concern: noted by the trustees or auditor
“The principal risk faced by CMAC is a cash flow deficit should insufficient funds be raised to cover CMAC's operating costs.” — page 8
Per its FY2024 accounts as filed with the Charity Commission.
Related-party transaction: Nicholas Lines is a trustee of Crosslight Advice as well as CMAC.
“Nicholas Lines is a trustee of Crosslight Advice as well as CMAC. CMAC also has a partnership with St Nicholas Chiswick and benefits from the use of free office and meeting facilities. Father Simon Brandes is the vicar, and Chairman of the Parochial Church Council of St Nicholas Chiswick.” — page 7
Per its FY2024 accounts as filed with the Charity Commission.

Accounts independently examined (not a full audit). Discloses 4 of 6 completeness components.

Trustees · trustee networks

Trustee list from the Charity Commission register (current, not historical).

Operates in: Ealing · Hammersmith And Fulham · Hillingdon · Hounslow · Kensington And Chelsea · Kingston Upon Thames · Richmond Upon Thames · Wandsworth

Income and spending

Financial year endIncomeSpending
31/12/2024£68k£54k
31/12/2023£36k£38k
31/12/2022£58k£26k
31/12/2021£12k£13k
31/12/2020£16k£12k

Common questions

Is CHISWICK MONEY ADVICE CENTRE financially healthy?

Per its FY2024 accounts: The accounts state that free reserves of £41,416 are significantly below the trustees' stated policy target of one year of operations. The charity faces a principal risk of cash flow deficit due to reliance on single-year funding and the ending of multi-year grants in 2025. Its FY2024 accounts were independently examined.