## **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)
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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