## **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**
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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.
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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.
- Ultimate responsibility for administration and distribution of funds rests solely with the Common Change UK Trustees.
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Section D Achievements and performance
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## 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)**
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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**
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## **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
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**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**
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