PROGRESS TO CHANGE
Latest income
£2.5m
Latest spending
£2.3m
Registered
1997
Accounts read
FY2025
Financial health, per its FY2025 accounts
The accounts state that the charity reported a net movement in funds surplus of £924,073 for the year ended 31 March 2025, reversing a previous deficit. The trustees confirm that unrestricted income reserves of £2,709,816 are at an appropriate level to enable the charity to meet its objectives and continue as a going concern.
What the accounts disclose
Reserves policy: a level which the Board considers sufficient to maintain the continuing activities of the Charity on the basis of the funding arrangements with the Ministry of Justice (held: £2.7m)
“The Trustees have established a policy whereby the funds of the Approved Premises not committed or invested in tangible fixed assets (“the free reserves”) are maintained at a level which the Board considers sufficient to maintain the continuing activities of the Charity on the basis of the funding arrangements with the Ministry of Justice.” — page 8
Per its FY2025 accounts as filed with the Charity Commission.
Year-over-year changes
- Reserves position vs the charity's own policy moved from "above" (FY2023) to "within" (FY2025).
Structured financials (annual return, FY ending 31/03/2025)
Total income
£2.5m
Total spending
£2.3m
Reserves (reported)
£2.7m
Employees
38
Trustees
- Prof Alastair Watt Macintyre Haychair
- Carol Cochrane
- Christine Wright
- Diana Favre
- JILL DILKS
- Jessica Harris
- Karen Pearse
- Matt Thornfield
- Professor Olga Matthias
- Roy Brook
- Sara Mondon
Income and spending
| Financial year end | Income | Spending |
|---|---|---|
| 31/03/2025 | £2.5m | £2.3m |
| 31/03/2024 | £2.5m | £2.3m |
| 31/03/2023 | £2.2m | £2.1m |
| 31/03/2022 | £2.1m | £1.9m |
| 31/03/2021 | £2.1m | £1.7m |
Common questions
Is PROGRESS TO CHANGE financially healthy?
The accounts state that the charity reported a net movement in funds surplus of £924,073 for the year ended 31 March 2025, reversing a previous deficit. The trustees confirm that unrestricted income reserves of £2,709,816 are at an appropriate level to enable the charity to meet its objectives and continue as a going concern. Its FY2025 accounts were audited by Gibson Booth.
Funders of similar charities
| Funder | Similar charities funded | Amount to them |
|---|---|---|
| THIRTY PERCY FOUNDATION | 1 | £220k |
| ZOREYA TZEDOKOS | 1 | £164k |
| THREE PILLARS TRUST | 1 | £71k |
| GOWER STREET | 1 | £24k |
| THE A TEAM FOUNDATION LIMITED | 1 | £20k |
| SIR ROBERT GEFFERY'S ALMSHOUSE TRUST | 1 | £4k |
| THE COMPANY OF ARTS SCHOLARS CHARITABLE TRUST | 1 | £3k |
| THE WORSHIPFUL COMPANY OF CUTLERS GENERAL CHARITABLE FUND | 1 | £3k |
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