Money Ready

Also known as: Mybnk, Money Ready LTD

Money Ready is a financial education charity dedicated to creating a financially fluent population. We believe that financial literacy should be considered a right for all because the language of money is a language for life. We work with the UK population by delivering expert-designed, high-impact financial education programmes.

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Activities & Mission

Areas of Operation

Where this charity is registered to operate, as self-declared to the Charity Commission. These are regulatory classifications, not a list of active programmes, and don't necessarily indicate fundraising activity in each location.

Country

Northern Ireland Scotland

Region

England And Wales

Financial Information

Latest Income

£4,482,068

Latest Expenditure

£4,166,126

Financial Efficiency

Program Ratio 85.6%

% of income going directly to charitable activities

Higher than 38% of UK Arts charities with income £1M to £10M (sample: 780). How is this calculated?

Overall Efficiency 92.1%

% of expenditure going to programs (vs overhead)

Higher than 39% of UK Arts charities with income £1M to £10M. How is this calculated?

Administrative Ratio 8.4%

Overhead (fundraising + governance) as % of total expenditure

Lower overhead than 37% of UK Arts charities with income £1M to £10M. (Lower overhead is generally read as more efficient.) How is this calculated?

Latest Financial Breakdown

Income Sources

Donations & Legacies £109,331

Charitable Activities £4,368,225

Other Trading £0

Investments £4,512

Other Income £0

Expenditure Categories

Charitable Expenditure £3,835,151

Raising Funds £330,975

Governance £19,174

Grants to Institutions £0

Other Expenditure £0

Financial Trend

Annual Returns

As filed with the Charity Commission for England and Wales. Most recent filing covers the financial year ending 2024.

Financial Year	Income	Expenditure	Charitable Spending	Net Assets	Reserves	Staff
2024	£4,482,068	£4,166,126	£3,835,151	£1,367,663	£984,000	72 / 150
2023	£3,254,087	£3,364,599	£3,046,307	£1,051,721	£672,950	60 / 150
2022	£2,564,963	£2,338,418	£2,095,232	£1,162,233	£769,991	42 / 250
2021	£2,120,791	£2,023,751	£1,862,447	£935,708	£487,576	40 / 25
2020	£2,087,546	£1,948,569	£1,948,569	£838,668	£382,523	39 / 50

Staff column shows: Employees / Volunteers

Frequently asked questions about Money Ready

What does Money Ready do?

How much income did Money Ready report in 2024?

Money Ready reported total income of £4.48m and reported expenditure of £4.17m for the financial year ending 2024, based on the most recent annual return filed with the Charity Commission.

How efficient is Money Ready?

Money Ready has a program ratio of 85.6%, meaning that share of its income goes directly to charitable activities. This is higher than 38% of UK Arts charities with income £1M to £10M (sample of 780 charities). See our methodology for how this is calculated.

When was Money Ready registered as a charity?

Money Ready was registered with the Charity Commission for England and Wales on 21 April 2008 as charity number 1123791. It has been registered for 18 years.

Who runs Money Ready?

Money Ready is governed by a board of 7 trustees. The chair of trustees is Rhodri Mason. Trustees are legally responsible for the charity's governance and are listed in full on its profile.

Where does Money Ready operate?

Money Ready operates across 3 areas: Northern Ireland, Scotland and England And Wales.

Is Money Ready a registered charity?

Yes — Money Ready is a registered charity in England and Wales, charity number 1123791.