Charity Accounts Intelreading the accounts so you don’t have to

CENTRE FOR RESPONSIBLE CREDIT LTD

Registered charity 1199945 · accounts filings on the Charity Commission register

The charity conducts research into over-indebtedness amongst low to middle income households, evaluates lending practices and other approaches to reduce this, and develops innovative solutions to improve financial support and access to effective debt advice.

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

Latest income
£385k
Latest spending
£370k
Registered
2022
Accounts read
FY2025

Financial health, per its FY2025 accounts

The accounts state that the charity achieved a small overall surplus and ended the year with total funds of just under £224,000, despite a 15% reduction in turnover. The trustees report that unrestricted reserves of £83,131 easily exceeded their policy target of three months of staff costs and overheads, and they do not anticipate difficulties maintaining sufficient funds over the next 12 months.

Automated summary of the FY2025 accounts; the evidenced findings below carry the verbatim passages.

What the accounts disclose

Reserves policy: three months of staff costs and overheads (held: £83k)
“our reserves policy, which the Trustees have previously set as requiring cover for at least three months of staff costs and overheads (equivalent at year end to £33,222)”
Per its FY2025 accounts as filed with the Charity Commission.

Accounts independently examined (not a full audit). Discloses 5 of 6 completeness components.

Trustees · trustee networks

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

Operates in: Throughout England And Wales

Income and spending

Financial year endIncomeSpending
31/03/2025£385k£370k
31/03/2024£454k£341k
31/03/2023£465k£465k

Common questions

Is CENTRE FOR RESPONSIBLE CREDIT LTD financially healthy?

Per its FY2025 accounts: The accounts state that the charity achieved a small overall surplus and ended the year with total funds of just under £224,000, despite a 15% reduction in turnover. The trustees report that unrestricted reserves of £83,131 easily exceeded their policy target of three months of staff costs and overheads, and they do not anticipate difficulties maintaining sufficient funds over the next 12 months. Its FY2025 accounts were independently examined.

Who funds CENTRE FOR RESPONSIBLE CREDIT LTD?

Funders whose own accounts filings name CENTRE FOR RESPONSIBLE CREDIT LTD as a grant recipient include GUY'S AND ST THOMAS' FOUNDATION.

Known funders

Grants to this charity found in funders’ own accounts filings.

FunderYearAmountPurpose (as stated by the funder)
GUY'S AND ST THOMAS' FOUNDATIONFY2023£171kImpact on Urban Health