for the Period Ended 31 December 2024
| Directors report | |
| Profit and loss | |
| Balance sheet | |
| Additional notes | |
| Balance sheet notes | |
| Community Interest Report |
Directors' report period ended
The directors present their report with the financial statements of the company for the period ended 31 December 2024
Directors
The directors shown below have held office during the whole of the period from
1 January 2024
to
31 December 2024
The above report has been prepared in accordance with the special provisions in part 15 of the Companies Act 2006
This report was approved by the board of directors on
And signed on behalf of the board by:
Name:
Status: Director
for the Period Ended
| 2024 | 2023 | |
|---|---|---|
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£ |
£ |
| Turnover: |
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| Cost of sales: |
(
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(
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| Gross profit(or loss): |
( |
( |
| Distribution costs: |
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| Administrative expenses: |
(
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(
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| Other operating income: |
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| Operating profit(or loss): |
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| Interest receivable and similar income: |
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| Interest payable and similar charges: |
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| Profit(or loss) before tax: |
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| Tax: |
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| Profit(or loss) for the financial year: |
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As at
| Notes | 2024 | 2023 | |
|---|---|---|---|
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£ |
£ |
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| Fixed assets | |||
| Intangible assets: |
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| Tangible assets: | 3 |
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| Investments: |
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| Total fixed assets: |
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| Current assets | |||
| Cash at bank and in hand: |
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| Total current assets: |
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| Creditors: amounts falling due within one year: | 4 |
(
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(
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| Net current assets (liabilities): |
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( |
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| Total assets less current liabilities: |
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| Total net assets (liabilities): |
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| Members' funds | |||
| Profit and loss account: |
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| Total members' funds: |
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The notes form part of these financial statements
This report was approved by the board of directors on
and signed on behalf of the board by:
Name:
Status: Director
The notes form part of these financial statements
for the Period Ended 31 December 2024
Basis of measurement and preparation
Turnover policy
Tangible fixed assets depreciation policy
Other accounting policies
for the Period Ended 31 December 2024
| 2024 | 2023 | |
|---|---|---|
| Average number of employees during the period |
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for the Period Ended 31 December 2024
| Land & buildings | Plant & machinery | Fixtures & fittings | Office equipment | Motor vehicles | Total | |
|---|---|---|---|---|---|---|
| Cost | £ | £ | £ | £ | £ | £ |
| At 1 January 2024 |
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| Additions |
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| Disposals | ||||||
| Revaluations | ||||||
| Transfers | ||||||
| At 31 December 2024 |
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| Depreciation | ||||||
| At 1 January 2024 |
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| Charge for year |
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| On disposals | ||||||
| Other adjustments | ||||||
| At 31 December 2024 |
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| Net book value | ||||||
| At 31 December 2024 |
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| At 31 December 2023 |
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for the Period Ended 31 December 2024
| 2024 | 2023 | |
|---|---|---|
| £ | £ | |
| Taxation and social security |
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| Accruals and deferred income |
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| Other creditors |
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| Total |
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Hull & East Yorkshire Community Money Advice CIC is committed to providing free and confidential debt advice, as well as financial education services, to residents of Hull and East Yorkshire. Our focus is on supporting individuals facing financial difficulties, particularly in light of the significant challenges associated with deprivation in Hull, which is ranked as the fourth most deprived local authority in England. In 2024, our debt services successfully reached some of the hardest-to-reach clients across the Hull and East Yorkshire region. We encountered many challenging situations while assisting clients dealing with issues such as eviction, homelessness, substance misuse, domestic violence, and critical health conditions. Our collaboration with established partners, including Bodmin Road Church, Job Centre Plus, Lemon Tree Children’s Centre, and Renew, among others, has been vital in our efforts. Despite the ongoing high demand for our debt services, we faced challenges in sustaining our benefits advice service. As a result, we paused the delivery of this service in late-2024 until we could find a trained advisor to lead it. We aim to reinstate this service in 2025, and to expedite this process, we have engaged a dedicated bid writer to assist with our fundraising efforts for all our community services, ensuring we can continue to offer free debt advice and educational services in our community. Additionally, we continued our financial education workshops in schools and community groups. We provided training to 180 secondary school students across the Hull and East Riding areas, and we offered budgeting advice workshops to 30 adults who have completed drug and alcohol rehabilitation, in partnership with Renew in North Bransholme. We continued to strengthen our partnership with The National Databank, enabling us to distribute the largest number of O2 and Vodafone Mobile SIM cards to community members who lack internet access since we opened our doors. Demand for our services continues to be strong, and as we approach 2025, we anticipate this trend will continue.
Hull & East Yorkshire Community Money Advice CIC's primary stakeholders are the residents of Hull and East Yorkshire. Additional stakeholders include volunteers and key partners. We are dedicated to consulting with our stakeholders and responding to their feedback as needed. We continuously enhance our monitoring and evaluation of services and take into account the views of our stakeholders through regular feedback meetings, surveys, questionnaires, and consultations with partner groups.
Directors Remuneration is shown in the annual accounts
No transfer of assets other than for full consideration
This report was approved by the board of directors on
29 September 2025
And signed on behalf of the board by:
Name: Steven Jarvis
Status: Director