BIG CHANGE CHARITABLE TRUST
Latest income
£2.5m
Latest spending
£2.6m
Registered
2011
Accounts read
FY2023
Financial health, per its FY2023 accounts
The accounts state that the charity reported a net expenditure of £8,478 for the year, with total income of £2,921,262 and total expenditure of £2,977,430. The trustees confirm that the charity has adequate resources to continue as a going concern with no material uncertainties identified. Unrestricted reserves decreased slightly to £3,079,617, which remains above the stated policy target of 12 months of working capital.
What the accounts disclose
Reserves policy: at least 12 months of working capital based on predicted known operating costs, and (b) the total amount allocated to current project partners through grant agreements (held: £3.1m)
“At 31 December 2023, the Trustees' reserves policy is that Big Change should retain in the form of either cash or contracted income, at all times, (a) at least 12 months of working capital based on predicted known operating costs, and (b) the total amount allocated to current project partners through grant agreements.” — page 9
Per its FY2023 accounts as filed with the Charity Commission.
Related-party transaction: Legal fees paid to Harbottle and Lewis LLP, a firm where trustee David Scott is a partner.
“During the year legal fees of £541 (Trust; 2022 £1,917) and £349 (Trading; 2022 £349) were paid to Harbottle and Lewis LLP in respect of legal services provided to the charity in connection with secretarial duties. David Scott is a trustee of the charity and a partner in Harbottle and Lewis LLP.” — page 31
“Virgin Management Limited have provided the charity with office space including administrative services at no cost. This has been recognised as a donated service both within income and expenditure, valued at £113,709 (2022: £150,508). During the year H. Branson was a trustee of Big Change and was also employed by Virgin Management Limited.” — page 31
Per its FY2023 accounts as filed with the Charity Commission.
Related-party transaction: Office space and administrative services provided at no cost by Virgin Management Limited, where trustee H.K.T. Branson is employed.
“During the year legal fees of £541 (Trust; 2022 £1,917) and £349 (Trading; 2022 £349) were paid to Harbottle and Lewis LLP in respect of legal services provided to the charity in connection with secretarial duties. David Scott is a trustee of the charity and a partner in Harbottle and Lewis LLP.” — page 31
“Virgin Management Limited have provided the charity with office space including administrative services at no cost. This has been recognised as a donated service both within income and expenditure, valued at £113,709 (2022: £150,508). During the year H. Branson was a trustee of Big Change and was also employed by Virgin Management Limited.” — page 31
Per its FY2023 accounts as filed with the Charity Commission.
Related-party transaction: Unrestricted grant of £100,000 received from Virgin Unite, a charity where trustee H.K.T. Branson is also a trustee.
“During the year legal fees of £541 (Trust; 2022 £1,917) and £349 (Trading; 2022 £349) were paid to Harbottle and Lewis LLP in respect of legal services provided to the charity in connection with secretarial duties. David Scott is a trustee of the charity and a partner in Harbottle and Lewis LLP.” — page 31
“Virgin Management Limited have provided the charity with office space including administrative services at no cost. This has been recognised as a donated service both within income and expenditure, valued at £113,709 (2022: £150,508). During the year H. Branson was a trustee of Big Change and was also employed by Virgin Management Limited.” — page 31
Per its FY2023 accounts as filed with the Charity Commission.
Trading subsidiary: Big Change Trading Limited
“The charitable company owns the whole of the issued ordinary share capital of Big Change Trading Limited, a company registered in England (company number 07998643). The subsidiary is used for non-primary purpose trading activities.” — page 32
Per its FY2023 accounts as filed with the Charity Commission.
Leadership, per the charity’s website
- Hannah Pater — Director of Strategic Development
- Gavin Ramsey — Operations Executive
Structured financials (annual return, FY ending 31/12/2024)
Total income
£2.5m
Total spending
£2.6m
Cost of raising funds
£595k
Reserves (reported)
£3.0m
Employees
17
Trustees
- PHILIP MICHAEL NEVINchair
- BEATRICE YORK
- Benjamin James Hay
- CHRISTOPHER JOHN ADCOCK
- HOLLY ANDREWES
- Kathryn Ann Scott
- Maryam Chowdhury
- Nicholas John Iltid Kind
- Professor Dame Alison Margaret Peacock
- Rebecca Enobongabasi Esther Bassey
Income and spending
| Financial year end | Income | Spending |
|---|---|---|
| 31/12/2024 | £2.5m | £2.6m |
| 31/12/2023 | £2.9m | £3.0m |
| 31/12/2022 | £3.0m | £2.3m |
| 31/12/2021 | £2.2m | £2.1m |
| 31/12/2020 | £1.2m | £1.7m |
Common questions
Is BIG CHANGE CHARITABLE TRUST financially healthy?
The accounts state that the charity reported a net expenditure of £8,478 for the year, with total income of £2,921,262 and total expenditure of £2,977,430. The trustees confirm that the charity has adequate resources to continue as a going concern with no material uncertainties identified. Unrestricted reserves decreased slightly to £3,079,617, which remains above the stated policy target of 12 months of working capital. Its FY2023 accounts were audited by Godfrey Wilson Ltd.
Who funds BIG CHANGE CHARITABLE TRUST?
Funders whose own accounts filings name BIG CHANGE CHARITABLE TRUST as a grant recipient include LUCILLE FOUNDATION, THE GREENSLADE FAMILY FOUNDATION, THE BLAGRAVE TRUST, THE MELANIE WHITE FOUNDATION LIMITED, CHK Foundation.
Known funders
| Funder | Year | Amount |
|---|---|---|
| LUCILLE FOUNDATION | FY2023 | £150k |
| THE GREENSLADE FAMILY FOUNDATION | FY2023 | £50k |
| THE BLAGRAVE TRUST | FY2024 | £44k |
| THE GREENSLADE FAMILY FOUNDATION | FY2024 | £25k |
| THE MELANIE WHITE FOUNDATION LIMITED | FY2023 | £25k |
| CHK Foundation | FY2024 | £10k |
Funders of similar charities
| Funder | Similar charities funded | Amount to them |
|---|---|---|
| WAR ON WANT | 1 | £367k |
| THE CENTRE FOR INNOVATION IN VOLUNTARY ACTION | 1 | £131k |
| HOLLYHOCK CHARITABLE FOUNDATION | 1 | £25k |
| FINANCE INNOVATION LAB | 1 | £20k |
| Able Child Africa | 1 | £13k |
| THE PAUL BASSHAM CHARITABLE TRUST | 1 | £5k |
| THE PUBLIC INTEREST FOUNDATION | 1 | £5k |
| MRS WINGFIELD'S CHARITABLE TRUST | 1 | £3k |