GREATER CHANGE FOUNDATION
The Greater Change Foundation provides flexible financial support to people experiencing homelessness, helping them take big long-term steps out of homelessness.We work with partner charities and their support workers to empower our clients to create a plan for how they want to get out of homelessness; and work to enable this plan by helping them to overcome the financial barriers they face.
Objects
THE OBJECTS OF THE CIO ARE THE PREVENTION OR RELIEF OF POVERTY IN ENGLAND BY PROVIDING: GRANTS, ITEMS AND SERVICES TO INDIVIDUALS IN NEED AND/OR CHARITIES, OR OTHER ORGANISATIONS WORKING TO PREVENT OR RELIEVE POVERTY.
Financial health, per its FY2025 accounts
The accounts state that total operational costs were £182,068 with £1m released directly to clients, maintaining a cost-effective model. The charity holds free reserves of £326,429, which the trustees confirm represents just over three months of projected expenditure, meeting their stated policy target. The trustees express confidence in the organization's financial resilience and ability to sustain operations.
What the accounts disclose
“£1,311 of these costs are funded by the Greater Change Foundation. A further £86 funded by the Greater Change Community Interest Company.”
“The Trustees aim to maintain free reserves equivalent to three to six months of projected total expenditure.” — page 34
“Paul is also a major donor to Greater Change, in addition to his work on its Board of Trustees.”
Policies the charity declares
- Bullying and harassment policy and procedures
- Campaigns and political activity policy and procedures
- Complaints handling
- Complaints policy and procedures
- Conflicting interests
- Engaging external speakers at charity events policy and procedures
- Financial reserves policy and procedures
- Internal charity financial controls policy and procedures
- Internal risk management policy and procedures
- Investing charity funds policy and procedures
- Paying staff
- Safeguarding policy and procedures
- Safeguarding vulnerable beneficiaries
- Serious incident reporting policy and procedures
- Social media policy and procedures
- Trustee conflicts of interest policy and procedures
- Trustee expenses policy and procedures
- Volunteer management
From the charity’s annual return (Part A, self-declared)
Self-declared on the annual return for the financial year ending 31/03/2025
- Volunteers: 3
- Grant-making is its main activity
Self-declared on the annual return for the financial year ending 31/03/2024
- Volunteers: 90
- Grant-making is its main activity
Self-declared on the annual return for the financial year ending 31/03/2023
- Volunteers: 54
- Grant-making is its main activity
Corporate structure
- Trading subsidiary: GREATER CHANGE COMMUNITY INTEREST COMPANY Companies House 11914487
- Turnover: £504k
- Profit before tax: £141k
- Donated/gift-aided to the charity: £78k
“A donation of £77,939 (2024: £Nil) for overhead costs were given to Greater Change Foundation, a trust registered in England and Wales, in which J Tan and A McCallion are trustees.”
Leadership, per the charity’s website
- Jonathan Tan — CEO
- Paul Radziwill — Chair
- Katie O'Connor — Director
- Fadzai Dzimwasha — Director
- Amelia Hopkins Phillips — Director
Funders the charity credits
Structured financials (annual return, FY ending 31/03/2025)
Trustees
- Theodore James Stevenson-Hillchair
- Alexander John McCallion
- John Arthur Gapper
- Jonathan Hong Kai Tan
- Juliet Emily Keirsten Patterson
- Paul Colbeck Murray
- Richard James Whalley
- Sophie Dufouleur
Income and spending
| Financial year end | Income | Spending |
|---|---|---|
| 31/03/2025 | £1.2m | £1.2m |
| 31/03/2024 | £550k | £188k |
| 31/03/2023 | £235k | £319k |
| 31/03/2022 | £249k | £282k |
| 31/03/2021 | £227k | £97k |
Common questions
Is GREATER CHANGE FOUNDATION financially healthy?
Per its FY2025 accounts: The accounts state that total operational costs were £182,068 with £1m released directly to clients, maintaining a cost-effective model. The charity holds free reserves of £326,429, which the trustees confirm represents just over three months of projected expenditure, meeting their stated policy target. The trustees express confidence in the organization's financial resilience and ability to sustain operations.
Who funds GREATER CHANGE FOUNDATION?
Funders whose own accounts filings name GREATER CHANGE FOUNDATION as a grant recipient include LANDAID CHARITABLE TRUST LIMITED, Richmond Foundation, SEAVIEW CHARITABLE TRUST, MERRIMAN CHARITABLE FOUNDATION, MCGRATH TAYLOR FAMILY CHARITABLE TRUST.
Known funders
| Funder | Year | Amount | Purpose (as stated by the funder) |
|---|---|---|---|
| LANDAID CHARITABLE TRUST LIMITED | FY2026 | £30k | Grants payable to Institutions |
| Richmond Foundation | FY2024 | £15k | Gateway grant |
| SEAVIEW CHARITABLE TRUST | FY2026 | £10k | |
| MERRIMAN CHARITABLE FOUNDATION | FY2021 | £3k | Finance for homless |
| MCGRATH TAYLOR FAMILY CHARITABLE TRUST | FY2026 | £2k |
Funders of similar charities
| Funder | Similar charities funded | Amount to them |
|---|---|---|
| THE BERKELEY CHARITABLE FOUNDATION | 1 | £1.7m |
| SOCIAL BUSINESS TRUST | 1 | £844k |
| JUSTICE COLLABORATIONS | 1 | £561k |
| THE LEGAL EDUCATION FOUNDATION | 1 | £253k |
| BERNARD LEWIS FAMILY CHARITABLE TRUST | 1 | £193k |
| THE WESTMINSTER FOUNDATION | 1 | £183k |
| THE ACCESS TO JUSTICE FOUNDATION | 1 | £181k |
| LUCILLE FOUNDATION | 1 | £155k |
Charities like this
- FOUNDATION FOR CHANGE
- CHANGE PLEASE FOUNDATION
- THE CHANGE FOUNDATION
- GREATER MANCHESTER IMMIGRATION AID UNIT
- BIG CHANGE CHARITABLE TRUST
- POWER TO CHANGE TRUST
Side by side with its peers
| Charity | Income | Top pay band | Staff >£60k | Reserves vs policy | Fundraising cost | Going concern |
|---|---|---|---|---|---|---|
| GREATER CHANGE FOUNDATION | £1.2m | — | 0 | unclear | — | no doubt |
| FOUNDATION FOR CHANGE | £243k | — | — | above | — | no doubt |
| CHANGE PLEASE FOUNDATION | £1.6m | — | 0 | above | — | no doubt |
| THE CHANGE FOUNDATION | £1.3m | £70,001 - £80,000 | 2 | above | — | no doubt |
| GREATER MANCHESTER IMMIGRATION AID UNIT | £2.3m | — | 0 | below | — | no doubt |
| BIG CHANGE CHARITABLE TRUST | £2.2m | — | — | above | — | no doubt |