ST PAUL'S MONEY ADVICE CENTRE
Alleviation of poverty through the provision of free money advice to any person requiring help or support with any aspect of personal finance including debt by the provision of services, advocacy, advice and information.
Financial health, per its FY2024 accounts
The accounts state that free reserves were £120,530, which exceeds the trustees' stated policy target of six months of normal expenditure (£71,906). The charity reported a net surplus for the period, with total income of £236,748 against total payments of £187,020, indicating adequate resources to continue operations.
What the accounts disclose
“The trustees consider that free reserves should be equivalent to a minimum of six months of normal expenditure, excluding expenditure backed by restricted funding for 12 months or more.”
“SPMAC also has a partnership with St Paul’s Hammersmith (SPH) and benefits from the use of free office and meeting facilities.” — page 13
Trustees
- FRANCIS SEYMOUR HARDY ELLISONchair
- Conrad Yue Kwong Law
- Daniel Paul Rolles
- Fiona Emily Benton Robinson
- Judith Sara Thomas
- Justin Richard Jocelyn Thomas
- ROSEMARY BROWN
Income and spending
| Financial year end | Income | Spending |
|---|---|---|
| 31/12/2024 | £237k | £187k |
| 31/12/2023 | £141k | £153k |
| 31/12/2022 | £148k | £159k |
| 31/12/2021 | £113k | £55k |
| 31/12/2020 | £49k | £55k |
Common questions
Is ST PAUL'S MONEY ADVICE CENTRE financially healthy?
Per its FY2024 accounts: The accounts state that free reserves were £120,530, which exceeds the trustees' stated policy target of six months of normal expenditure (£71,906). The charity reported a net surplus for the period, with total income of £236,748 against total payments of £187,020, indicating adequate resources to continue operations. Its FY2024 accounts were independently examined.
Who funds ST PAUL'S MONEY ADVICE CENTRE?
Funders whose own accounts filings name ST PAUL'S MONEY ADVICE CENTRE as a grant recipient include TRUST FOR LONDON, HAMMERSMITH UNITED CHARITIES, LONDON CATALYST.
Known funders
| Funder | Year | Amount | Purpose (as stated by the funder) |
|---|---|---|---|
| TRUST FOR LONDON | FY2022 | £90k | Connected communities |
| HAMMERSMITH UNITED CHARITIES | FY2025 | £15k | Grant to fund part of our centre manager’s salary, to help us continue providing free debt advice and money management education. |
| LONDON CATALYST | FY2025 | £10k | Debt advice & money education support to the community. |
| HAMMERSMITH UNITED CHARITIES | FY2024 | £500 | To cover food, petrol/travel/vehicles, volunteer expenses to cover a volunteer's childcare costs; support for three additional needs beneficiaries; travel and r |
Funders of similar charities
| Funder | Similar charities funded | Amount to them |
|---|---|---|
| THE ACCESS TO JUSTICE FOUNDATION | 2 | £178k |
| THE NATIONWIDE FOUNDATION | 1 | £1.9m |
| THE LEGAL EDUCATION FOUNDATION | 1 | £178k |
| THE WESTMINSTER FOUNDATION | 1 | £94k |
| THE ALLEN OVERY SHEARMAN STERLING FOUNDATION | 1 | £50k |
| THE NISBET TRUST | 1 | £50k |
| LLOYDS BANK FOUNDATION FOR ENGLAND & WALES | 1 | £50k |
| WESTMINSTER AMALGAMATED CHARITY | 1 | £34k |
Charities like this
- ST PAULS ADVICE CENTRE
- COMMUNITY MONEY ADVICE LTD
- ST LUKES ADVICE SERVICE
- SCUNTHORPE AND DISTRICT CITIZENS ADVICE BUREAU
- CITY PRAISE CENTRE CIO
- BROMSGROVE AND DISTRICT CITIZENS ADVICE BUREAU
Side by side with its peers
| Charity | Income | Top pay band | Staff >£60k | Reserves vs policy | Fundraising cost | Going concern |
|---|---|---|---|---|---|---|
| ST PAUL'S MONEY ADVICE CENTRE | £237k | — | — | unclear | — | no doubt |
| ST PAULS ADVICE CENTRE | £568k | — | 0 | unclear | — | no doubt |
| COMMUNITY MONEY ADVICE LTD | £512k | — | 0 | below | — | no doubt |
| ST LUKES ADVICE SERVICE | £193k | — | 0 | above | — | no doubt |
| SCUNTHORPE AND DISTRICT CITIZENS ADVICE BUREAU | £1.8m | £60,001 - £70,000 | 0 | unclear | — | no doubt |
| CITY PRAISE CENTRE CIO | £763k | — | 0 | unclear | — | no doubt |