Money Matters Money Advice Centre
Latest income
£2.1m
Latest spending
£2.2m
Accounts read
FY2025
Financial health, per FY2025 accounts
The accounts state that the charity reported a net expenditure of £74,452 for the year ended 31 March 2025, resulting in total funds decreasing from £919,844 to £845,392. Per the trustees' report, unrestricted reserves of £445,500 were held against a policy target of three months' expenditure (£445,386), indicating reserves were maintained at the required level despite the operational deficit.
What the accounts disclose
Highest-paid employee band: £60,001 - £70,000
“Two employees had employee benefits in excess of £60,000 (2024: 2).” — page 29
Per FY2025 accounts as filed with OSCR.
Related-party transaction: Payment to Financial Inclusion Scotland for consultancy services provided to Glasgow City Council on behalf of the charity, involving key management personnel who are controlling directors of the related company.
“Following the year end, a balance of £125,000 (2024: £nil) was paid to Financial Inclusion Scotland, a company related to Money Matters Money Advice Centre due to key management personal Geraldine Cotter and Audrey Laing being controlling directors of Financial Inclusion Scotland. The transaction was for the provision of consultancy services to Glasgow City Council on behalf of Money Matters Money Advice Centre. At the year end, a balance of £125,000 (2024: £nil) is recognised as a funds held as custodian creditor.” — page 28
Per FY2025 accounts as filed with OSCR.