2025-12-31-accounts

Trustees' Annual Report for the period

Period start date Period end date Day Month Year Day Month Year From 01 01 2025 To 31 12 2025

Section A Reference and administration details

Charity name Other names charity is known by Registered charity number (if any) 1171076

Common Change UK

Charity's principal address 7 SAFFRON GROVE CROWBOROUGH EAST SUSSEX Postcode TN6 2GJ

Names of the charity trustees who manage the charity

1 2 3 4	Trustee name	Office (if any)	Dates acted if not for whole year	Name of person (or body) entitled to appoint trustee (if any)
	Steven Ledgerwood		Whole year
	Sam Ward		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)

TAR– CCUK (1171076)

March 2026

1

Charitable Incorporated Organisation How the charity is constituted

(eg. trust, association, company)

Trustee selection methods

Appointed by the existing board

• (eg. appointed by, elected by)

Additional governance issues (Optional information)

You may choose to include additional information, where relevant, about:

• policies and procedures adopted for the induction and training of trustees;

• the charity’s organisational structure and any wider network with which the charity works;

Common Change UK has invested in increased capacity to manage administrative functions related to donor onboarding and enquiries, and the processes for identifying, deciding upon and distributing outgoing gifts from group common funds.

Common Change USA and SA continues to assist Common Change UK with book-keeping/accountancy services.

Board meetings continue to take place remotely via video conferencing software.

• 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 set out in its b. the prevention or relief of poverty and/or financial hardship, either governing document generally or individually, of people living anywhere in the world by 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.

TAR– CCUK (1171076)

March 2026

2

The organisation carries out its purposes by:

• Forming Common Change groups in communities around the UK that will contribute their own personal finances and also raise money through other means (such as but not limited to sponsorship etc)

Summary of the main activities undertaken for the public benefit in relation to these objects (include within this section the statutory declaration that trustees have had regard to the guidance issued by the Charity Commission on public benefit)

• 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).

• Encouraging the Common Change groups to meet in person and online to identify instances of individuals and families in poverty and/or crisis requiring assistance and discuss how their needs can be met through the financial resources that the group can raise or has already raised.

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:

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

2. 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’,

3. Not be making a request on their own behalf,

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

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

6. 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.

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

TAR– CCUK (1171076)

March 2026

3

Section D Achievements and performance

TAR– CCUK (1171076)

March 2026

4

Section D Achievements and performance

Summary of the main achievements of the charity during the year

Growth & Participation In 2025, Common Change UK focused on strengthening the foundation for its next phase of growth. This was a year of building, refining the model, strengthening group dynamics, and preparing for broader adoption through new pathways. While growth in group numbers was steady, the primary work of the year was laying the groundwork for future expansion, including the development of “Collectives” a model that enables other organisations to adopt and implement the Common Change approach within their own communities. In 2025, we continued to build on the steady foundation established in previous years while taking initial steps toward broader expansion. • 3 new groups launched (2 in Manchester and one in London) • 5 groups closed (4 of which were associated with a timebound partnership in 2024) • 22 total active groups at year-end (up from 20 in 2024 when excluding groups associated with a time-bound partnership) This measured growth reflects both continuity and preparation. Alongside supporting existing groups, we began shaping a pathway for growth through Collectives, creating the conditions for organisations to engage the model more directly and at scale. Financial Highlights Group Contributions: Decreased from £35,763 (2024) to £24,893 (2025) Total Income: Decreased from £61,702 (2024) to £42,115 (2025) The difference between 2024 and 2025 reflects both the conclusion of a time-bound partnership and a year focused on rebuilding infrastructure and aligning back-office systems, rather than pursuing growth. Benevolences Total Given: Decreased from £35,984 (2024) to £21,922 (2025). This reflects, in part, the impact of a time-bound partnership in 2024, excluding this amount from 2024, we go from £19,984 to £21,922, an increase of £1,938 . Average Gift: Increased from £333 to £509 when adjusted to exclude the impact of a time-bound partnership in 2024 (an average of £562 otherwise). Support Requests: Decreased from 64 (2024) to 43 (2025) While fewer requests were processed, the adjusted increase in average gift size indicates a shift toward more substantial support per request. Benevolence by Category Basic Living/Survival, £9,729.37 Education, £400 Gap Grant, £1648.02

TAR– CCUK (1171076)

March 2026

5

Section D Achievements and performance

Health Care, £576 Housing, £1,370 Parental Support, £958.47 Professional Expenses, £470 Self-sustaining Initiatives, £5,871.73 Transportation and Mobility, £899

Examples of Impact Behind each request is a story of people showing up for one another:

• A group supported a family facing housing instability, helping cover rent and essential expenses during a period of uncertainty.

• Members contributed toward a self-sustaining initiative, enabling an individual to take a meaningful step toward long-term financial independence.

• Giving extended beyond local communities, including support for international relief efforts and those affected by crisis.

These moments reflect the heart of Common Change’s relational generosity expressed in practical and tangible ways Throughout the year, benevolence was expressed across a wide range of needs, both immediate and long-term:

• Health & Wellbeing Support Community workshops, as well as medical and mental health support

• Financial Hardship & Essential Living Support Emergency groceries, rent relief, and support for single-parent households

• International Aid & Humanitarian Support Including refugee response efforts in Burundi, hurricane relief in Jamaica, and support for communities impacted in Palestine/Gaza

• Community & Local Organisation Support Youth organisations, local clubs, and community-based family support initiatives

• Environmental & Sustainability Projects Community rebuilding efforts and small-scale farming initiatives

• Education, Skills & Empowerment Educational courses, training, and travel opportunities

Gifts, Celebrations & Acts of Kindness Marking significant life moments such as birthdays, weddings, and family reunions

As we look toward 2026, we do so with a clear sense of direction. Building on the foundation laid this year, we anticipate continued growth in groups alongside the development of Collectives creating more structured opportunities for organisations to engage the Common Change model within their own contexts.

This next phase builds on past partnerships while moving toward a more intentional and scalable approach to collaboration.

Thank you to every group member and donor who continues to make this work possible. We look forward to what we will build together in the year ahead.

TAR– CCUK (1171076)

March 2026

6

Section E Financial review

Brief statement of the charity’s policy on reserves

It is the policy of the charity to maintain reserve funds not less than 6 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 additional information, where relevant about:

• the charity’s principal sources of funds (including any fundraising);

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

The principal source of funds remains the regular donations of Common Change group members.

Total income for the year was: £42,115 Total outgoings for the year were: £50,364.44

This resulted in a deficit of £8,249.44 for the year, which was met through a drawdown of existing cash reserves.

• 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

SIGN SIGN Signature(s) Darin Petersen Full name(s) Steve Ledgerwood Position (eg Secretary, Chair, Trustee Chair etc) Date 29/04/2026

TAR– CCUK (1171076)

March 2026

7

8:23 AM 04/20/26 Accrual Basis

Common Change UK Profit & Loss January through December 2025

Ordinary Income/Expense Income Contributed Income Direct contributions 4000 Benevolence Operations and development 4010 Ops & Dev Total Operations and development Total Direct contributions Total Contributed Income 45000 · Investments 45030 · Interest-Savings, Short-term CD Total 45000 · Investments Total Income Gross Profit Expense Benevolence 5900 Donations to affil'd orgs Basic living/survivor 5000 Basic living/survivor Total Basic living/survivor Education 5100 Education Total Education Gap grant 5200 Gap grant Total Gap grant Health care 5300 Health care Health care - Other Total Health care Housing 5400 Housing Total Housing Parental support 5500 Parental support Total Parental support Professional expenses 5600 Professional expenses Total Professional expenses Self-sustaining initiatives 5700 Self-sustaining init Total Self-sustaining initiatives	Jan - Dec 25
	24,893.43 16,136.19 16,136.19 41,029.62 41,029.62 1,085.92 1,085.92
	42,115.54
	42,115.54 15,000.00 9,729.37 9,729.37 400.00 400.00 1,648.02 1,648.02 528.00 48.00 576.00 1,370.00 1,370.00 958.47 958.47 470.00 470.00 5,871.73 5,871.73

Page 1

8:23 AM 04/20/26 Accrual Basis

Common Change UK Profit & Loss January through December 2025

Transportation and auto expense 5800 Transportation and auto Total Transportation and auto expense Total Benevolence Operations Expenses-non personnel related Information Technology Software 6300 Software Total Software Total Information Technology Interest and service charges 5959 Charges on incoming contri 6450 Bank and cc svc chgs Total Interest and service charges Professional services 6700 Accounting fees Total Professional services 8300 · Travel and meetings 8320 · 6810 Conferences and meetings 8300 · Travel and meetings - Other Total 8300 · Travel and meetings Total Expenses-non personnel related Expenses-personnel related Contract services 6061 Contract svcs-operations Total Contract services Total Expenses-personnel related Total Operations 62100 · Contract Services 62150 · Outside Contract Services Total 62100 · Contract Services 68300 · Travel and Meetings 68310 · Conference, Convention, Meeting Total 68300 · Travel and Meetings Total Expense Net Ordinary Income Net Income	Jan - Dec 25
	899.00 899.00 36,922.59 107.00 107.00 107.00 261.17 -7.64 253.53 614.00 614.00 90.00 352.53 442.53 1,417.06 11,431.05 11,431.05 11,431.05 12,848.11 200.00 200.00 393.74 393.74
	50,364.44
	-8,248.90
	-8,248.90

Page 2

8:27 AM 04/20/26 Accrual Basis

Common Change UK Balance Sheet As of December 31, 2025

ASSETS Current Assets Checking/Savings Lloyd's Checking The Karimu Pot US Designated Fund General Operations BeachcomberFX Common Change Birmingham Giving Collective Heavitree MC Hughes Lifegroup All Saints North East Generosity Circle Old Trafford Old Trafford Centenary Gardens Sanctuary - The Listeners St Ann’s Nottingham Stretford LG The Fund The OT HIve Community Fund The Roxanne Joseph Passing Pot The Ravens The Scruffy Vicar Fund Cumbria Lloyd's Checking - Other Total Lloyd's Checking Total Checking/Savings Accounts Receivable 11000 · Accounts Receivable Total Accounts Receivable Other Current Assets 1499 · 1350 Undeposited Funds Total Other Current Assets Total Current Assets TOTAL ASSETS LIABILITIES & EQUITY Equity 3010 · Unrestricted(retained earnings) Net Income Total Equity TOTAL LIABILITIES & EQUITY	Dec 31, 25
	53.68 3,600.00 32,354.42 894.87 0.16 157.51 190.35 4.64 5,725.00 727.36 2,763.42 363.41 52.80 222.37 1,115.40 1,073.52 408.29 82.82 0.20 2,802.78 -90.00 52,503.00
	52,503.00 560.00
	560.00 220.55
	220.55
	53,283.55
	53,283.55
	61,532.45 -8,248.90
	53,283.55
	53,283.55

Page 1

| 1171ty7& pWI" TnJJl'l FwJ IER

IER