2022-12-31-accounts

Trustees' Annual Report for the period

Period start date Period end date 01 01 2022 31 12 2022 From To

Section A Reference and administration details

Charity name

Common Change UK

Other names charity is known by

Registered charity number (if any) 1171076

7 SAFFRON GROVE Charity's principal address

CROWBOROUGH

EAST SUSSEX Postcode TN6 2GJ

Names of the charity trustees who manage the charity

1 2 3	Trustee name	Office (if any)	Dates acted if not for whole **year **	Name of person (or body) entitled to appoint trustee (ifany)
	Matthew Wilson	Chair	Wholeyear
	Steven Ledgerwood		Wholeyear
	Darin Petersen		Wholeyear

Names of the trustees for the charity, if any, (for example, any custodian trustees)

Name Dates acted if not for whole year

Names and addresses of advisers (Optional information)

Type of adviser Name Address

Name of chief executive or names of senior staff members (Optional information)

Section B Structure, governance and management

Description of the charity’s trusts

Foundation Model Constitution Type of governing document (eg. trust deed, constitution) Charitable Incorporated Organisation How the charity is constituted (eg. trust, association, company)

TAR – CCUK (1171076)

May 2023

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Appointed by the existing board

Trustee selection methods

(eg. appointed by, elected by)

Additional governance issues (Optional information)

You may choose to include Common Change UK has invested in increased capacity to manage additional information, where administrative functions related to donor onboarding and enquiries, and relevant, about: the processes for identifying, deciding upon and distributing outgoing gifts • policies and procedures from group common funds. adopted for the induction and Common Change USA continues to assist Common Change UK with training of trustees; book-keeping/accountancy services.

• the charity’s organisational structure and any wider Board meetings continue to take place remotely via video conferencing network with which the charity software. works;

• relationship with any related parties;

• • trustees’ consideration of major risks and the system and procedures to manage them.

Section C Objectives and activities

• a. the prevention or relief of poverty and/or financial hardship, either generally or individually, of people living anywhere in the world by making grants of money for providing or paying for items, services or facilities which they could not otherwise afford through lack of means;

• Summary of the objects of the charity b. the prevention or relief of poverty and/or financial hardship, either

• set out in its governing generally or individually, of people living anywhere in the world by

• document providing or assisting in the provision of education, training, transportation, housing, healthcare and all the necessary support designed to enable individuals to generate a sustainable income and be self-sufficient.

	The organisation carries out its purposes by:	The organisation carries out its purposes by:
	•	Forming Common Change groups in communities around the UK that will
Summary of the main		contribute their own personal finances and also raise money through
activities undertaken		other means (such as but not limited to sponsorship etc)
for the public benefit in relation to these objects (include within this section the statutory declaration that trustees have had	•	Facilitating through digital technology a platform by which the members of the Common Change groups may deposit, combine and securely store their financial resources, until such time as they are withdrawn and distributed in accordance with accepted Charity Commission criteria relating to the relief of poverty (see list below).
regard to the guidance	•	Encouraging the Common Change groups to meet in person and online
issued by the Charity		to identify instances of individuals and families in poverty and/or crisis
Commission on public		requiring assistance and discuss how their needs can be met through the
benefit)		financial resources that the group can raise or has already raised.

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Additional details of objectives and activities (Optional information)

Common Change UK is committed to a principle of incurring minimum overhead costs by utilising volunteer time and expertise. However, in order to address the administrative workload of the charity now that it has grown considerably the services of a sub-contracted administrator have been engaged (part time).

You may choose to include further statements, where relevant, about:

• policy on grantmaking;

• policy programme related investment;

• contribution made by volunteers.

Excerpt from the current CCUK Group Fund policy on grantmaking: It is intended that recipients of assistance (“benevolence”) from the Group Fund shall:

• i. Be experiencing a financial hardship related to education, healthcare, housing, parental support, professional service/support, transportation, or basic living expenses

• ii. Be nominated by at least one member of the Group through which the request is being made, and known to them by ‘one degree of separation’,

• iii. Not be making a request on their own behalf,

• iv. Be able to receive funds directly by cheque, bank transfer, moneygram or PayPal,

• v. Be able, upon request, to provide written confirmation of receipt of the assistance by email, fax, or mail.

• vi. Common Change recognises common humanity and insists there be no discrimination in the giving of benevolence on the basis of gender, age, ethnicity, sexuality, faith, or disability.

Ultimate responsibility for administration and distribution of funds rests solely with the Common Change UK Trustees.

Section D Achievements and performance

Summary of the main Following a slowdown in 2021 due to the coronavirus pandemic Common achievements of the Change UK has experienced considerable growth this year. charity during the year

• 4 new groups have become active, in Manchester, Birmingham, London and Cumbria, making 11 in total. In addition 2 new groups are in development.

• We doubled group income, to over £18,666, up from £9304 in 2021.

• • Total income for the year (which includes one-off major donations) was over £35,404, up from around £18,000 last year.

• Outgoing gifts were up too, by over £2000, to £12,491. More people have been helped than ever before with over 53 requests processed, vs 36 in 2021 and 25 in 2020.

• The average value of an outgoing gift stayed consistent at around £235.

Some examples of outgoing support included:

• Families struggling with the Cost of Living crisis

• Ukrainian refugees being accommodated in Poland

• Transport costs for low paid people needing to get to work

• Subsidising food costs

• Costs of moving to more safe/secure housing

• Loss of income support

• Respite care • Trips for disadvantaged children • Offsetting costs incurred during hospital treatment • Financial support for domestic abuse survivor • Christmas gifts for hard-pressed families

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Section E Financial review

Brief statement of the It is the policy of the charity to maintain reserve funds not less than 6 charity’s policy on reserves months average monthly overhead (measured against the prior 12 mths)

Details of any funds materially in deficit

None

Further financial review details (Optional information)

You may choose to include The principal source of funds remains the regular donations of Common additional information, where Change group members. relevant about:

• the charity’s principal Total income for the year was: £34,404 sources of funds (including Total outgoings for the year were: £ 24,238 any fundraising); A surplus of £11,166 is carried over into 2023

• how expenditure has supported the key objectives of the charity;

• investment policy and objectives including any ethical investment policy adopted.

Section F Other optional information

Section G Declaration

The trustees declare that they have approved the trustees’ report above.

Signed on behalf of the charity’s trustees

Signature(s) Darin Petersen Full name(s) Matthew Wilson Position (eg Secretary, Chair, Chair Trustee etc) Date 20-05-2023 20-05-2023

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Independent examiner's report on the accounts Sectlon A Independont Examlner's Report Report to the trustees Common Change UK On accounts for the year ended 2022 Charity no lif any) 1171076 Set out on pages 1 and2 I report lo the Iruslees on my examination of the accounts of the above charity {"Ihe TfusI"I for the year ended 31112 12022. Responsibilities and basis of report As the charity's trustees, you are responsible for Ihe preparation ol the accounts in accordance with the requirements of the Charities Act 2011 I'lhe Act'l. I report in respect of my examination of the account5 carried out under section 145 01 the 2011 Act and in carying out my examination. I have followed all the applicable Directions given by the Charity Commission under section 145151{bl of the Act. Independent I have completed my examination. I confim that no material mallers have examiner's statement come lo my attention in connection wilh the examination (other than that disclosed below ') which gives me cause to believe that in. any material respect= the accounting records were not kept in accordance wilh section 130 of the Charities Act.. or the accounts did not accord with the accounting records.. or the accounts did not comply with the applicable requiremenls concerning the form and conlenl of accounts sel out in the Chanties (Accounts and Reports) Regulations 2008 other than any requirement that the accounts give a 'lrue and lair, view which is not a matier considered as part of an independent examination I have no concems and have come across no olhef matters in connection with the examination lo which aitenlion should be drawn in this report In order lo enable a proper understanding ol the accounts lo be reached. Please delele Ihe words in the brackels If Ihey do not apply. Signed- Date: Name: CouLgotJ Relevant professional qualifieationlsl or body: N4£c AL}LIG￿ l@1 k i érL f ¢( Address- LDS IER

Sectlon 8 Dlsclosurè Only complete il the examiner needs lo highlight rnalerial matters of concern (see CC32. Independent examination of charity accounts.. directions and guidance for examiners). Give here brief details of any items that the examiner wishes to disclose. NJ/A IER