WORKERS at Crossflatts finance firm Computershare have agreed to support two charities that help people suffering with crippling debts.

They agreed to provide cash to The Money Charity and the Institute of Money Advisers (IMA) from their company’s new Loan Services Charity Donations Fund.

A committee of staff members representing every Computershare Loan Services office – Crossflatts, Skipton, Doxford and Derry – met recently to review applications.

The £20,000 fund was set up to help prevent financial hardship and support those experiencing money problems.

The Money Charity will receive £2,500 to provide 5,000 free copies of its Student Money Manual to people aged between 16 and 18.

The IMA will spend its £2,500 donation to train 22 money advisers, enabling them to deliver high-quality and accurate advice to people with problem debt.

Computershare Limited has 16,000 employees around the world, and specialises in a range of financial services.

Computershare Loan Services, which has a branch in Crossflatts services mortgages for third parties, administering more than $100 billion of assets.

Andrew Jones, chief executive officer at Computershare Loan Services, said: “Our charity fund is designed both to help prevent financial hardship and to support those who experience it, and I’m pleased that our first round of funding will help meet both these aims.

“It’s vital that we reach out to young people to help them understand their finances early in the lives. The Money Charity’s Student Money Manual provides valuable advice that can help shape their ability to manage their finances and make informed decisions about their futures.

“Additionally, by funding the IMA’s crucial work in training advisers across the country, I’m sure we will help thousands of people struggling with money to recover from debt and achieve a better standard of living in the future.”

Free copies of its Student Money Manual will be given specifically to young people who attend schools with “more vulnerable” student groups.