THE CYRENIANS LTD
Changing Lives is a national, charity which provides specialist support services to vulnerable people and their families. Our key themes of work include: housing & homelessness, drug & alcohol, women & children's and employment services. Our mission is 'changing lives, building futures'.
Objects
THE RELIEF OF POVERTY, SICKNESS AND OLD AGE IN PARTICULAR (BUT WITHOUT IN ANY WAY LIMITING THE GENERALITY OF THE FOREGOING WORDS) FOR THE RELIEF OF THE POVERTY OF PERSONS WHO BY REASON OF MENTAL OR PHYSICAL INFIRMITY ARE UNABLE TO FULFIL THEIR DUTIES AS CITIZENS OR THEIR OBLIGATIONS TO THEIR EMPLOYERS.
Financial health, per its FY2025 accounts
The accounts state that the group achieved a total surplus of £1,426,353 for the year ended 31 March 2025, with unrestricted reserves increasing to £9,244,528. The charity reports it is debt-free, having repaid all outstanding bank loans, and maintains strong positive cash balances. However, the trustees note that the level of free reserves held (£1,716,138) is below their stated prudent target of approximately £3 million.
What the accounts disclose
“the trustees consider it prudent to maintain unrestricted free reserves at a level sufficient to cover between two to four months of staff costs and lease commitments which equates to approx. £3million.”
“The Charity group is comprised of the parent company, The Cyrenians Ltd and its wholly owned subsidiary TCUK Homes Ltd, the latter a charitable company limited by guarantee and a registered social landlord.” — page 6
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
- Investment
- Paying staff
- Risk management
- 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: 470
- Government income: £242,634 — contracts £69 (60), grants £242,565 (5); under 1% of the £38,034,659 total gross income on the same return
- Employees paid over £60,000: 6 (£60,001–£70,000: 1; £70,001–£80,000: 2; £80,001–£90,000: 2; £130,001–£140,000: 1)
Self-declared on the annual return for the financial year ending 31/03/2024
- Volunteers: 450
- Government income: £13,051,083 — contracts £13,051,083 (66); 37% of the £34,838,888 total gross income on the same return
- Employees paid over £60,000: 4 (£60,001–£70,000: 1; £80,001–£90,000: 1; £100,001–£110,000: 1; £120,001–£130,000: 1)
Self-declared on the annual return for the financial year ending 31/03/2023
- Volunteers: 150
- Government income: £11,790,187 — contracts £11,790,187 (52); 35% of the £33,446,256 total gross income on the same return
- Employees paid over £60,000: 4 (£60,001–£70,000: 1; £70,001–£80,000: 1; £80,001–£90,000: 1; £120,001–£130,000: 1)
- Has a trading subsidiary
Corporate structure
- Registered company of the charity Companies House 00995799
- Trading subsidiary: TCUK HOMES LIMITED Companies House 08385555
- Turnover: £6.3m
- Profit before tax: £109k
- Management fees and staff cost recharges from parent Changing Lives: £860,025; Management fees received from parent: £70,476.
Leadership, per the charity’s website
- Stephen Bell OBE — Chief Executive Officer
- Neil Baird — Operations Director
- David Bassam — Business Services Director
- Lewis Murton — Finance Director
- Faye Sunter — Director of Development
- Kurran Hawksley — People & Culture Director
Company officers (Companies House)
- RACE, Jordan Lee on trustee list
- FAWCETT, Gary on trustee list
- MAY, Anthony on trustee list
- BOYACK, Lisa Maria on trustee list
- FREW, Glynis Joan on trustee list
- BARTON, Michael on trustee list
- TELFORD, Lesley on trustee list
- GUYON, Stephen not on trustee list
- CARR, Susan
Public-sector contracts awarded
| Buyer | Contract | Awarded | Value |
|---|---|---|---|
| The City of Edinburgh Council | Gardening Workshops and Food Pantries | — | — |
| The City of Edinburgh Council | Community Link Worker Service | — | — |
| The City of Edinburgh Council | Community Link Worker Service | — | — |
Property (HM Land Registry)
Structured financials (annual return, FY ending 31/03/2025)
Care Quality Commission ratings
- Ridley Villas: Good
Register events
- Received assets from another charity (13/09/2022)
- Received assets from another charity (01/12/2019)
- Received assets from another charity (07/01/2016)
- Received assets from another charity (17/05/2013)
Trustees
- GLYNIS FREWchair
- Anthony May
- Gary Fawcett
- Jordan Race
- Lesley Telford
- Lisa Boyack
- Michael Barton
- Steve Guyon
Income and spending
| Financial year end | Income | Spending |
|---|---|---|
| 31/03/2025 | £38.0m | £36.6m |
| 31/03/2024 | £34.8m | £35.1m |
| 31/03/2023 | £33.4m | £33.4m |
| 31/03/2022 | £31.4m | £31.0m |
| 31/03/2021 | £27.9m | £26.3m |
Common questions
Is THE CYRENIANS LTD financially healthy?
Per its FY2025 accounts: The accounts state that the group achieved a total surplus of £1,426,353 for the year ended 31 March 2025, with unrestricted reserves increasing to £9,244,528. The charity reports it is debt-free, having repaid all outstanding bank loans, and maintains strong positive cash balances. However, the trustees note that the level of free reserves held (£1,716,138) is below their stated prudent target of approximately £3 million. Its FY2025 accounts were audited by Azets Audit Services.
Who funds THE CYRENIANS LTD?
Funders whose own accounts filings name THE CYRENIANS LTD as a grant recipient include John Lewis Partnership Foundation, REAL FARMING TRUST, CEO SLEEPOUT, THE FYRISH FOUNDATION, The Crerar Family Trust.
Known funders
Government & lottery funding
| Funder | Date | Amount | Purpose |
|---|---|---|---|
| Community Foundation North East | 26/02/2026 | £5k | Grant to Changing Lives |
| Community Foundation North East | 04/12/2025 | £500 | Grant to Changing Lives |
| Community Foundation North East | 27/11/2025 | £5k | Grant to Changing Lives |
| Sport England | 14/08/2025 | £6k | Halton Lodge Homeless Service Gym |
| Community Foundation North East | 02/04/2025 | £3k | Grant to Changing Lives |
| Community Foundation North East | 05/03/2025 | £5k | Grant to Changing Lives |
| The National Lottery Community Fund | 26/02/2025 | £369k | The IRIS Project |
| Community Foundation North East | 14/11/2024 | £5k | Grant to Changing Lives |
| The National Lottery Community Fund | 18/03/2024 | £2.3m | The Adult Sexual Exploitation (ASE) Partnership |
| Sport England | 26/02/2024 | £1k | Supporting underprivileged women into fitness |
| UK government | 24/11/2023 | £141k | Breathe Easy |
| St Giles & St George | 18/07/2023 | £8k | Grant to The Cyrenians (Changing Lives) |
| UK government | 10/02/2023 | £33k | Covenant Fund |
| Community Foundation North East | 10/11/2022 | £2k | Grant to Changing Lives |
| UK government | 17/10/2022 | £451k | VAWG: Breaking Cycles of Violence and Supporting Children Affected |
| UK government | 17/10/2022 | £475k | VAWG: Breaking Cycles of Violence and Supporting Children Affected by Domestic Abuse |
| UK government | 17/10/2022 | £434k | VAWG: Breaking Cycles of Violence and Supporting Children Affected |
| Community Foundation North East | 08/09/2022 | £1k | Grant to Changing Lives |
| Community Foundation North East | 04/08/2022 | £5k | Grant to Changing Lives |
| St Giles & St George | 19/07/2022 | £8k | Grant to The Cyrenians (Changing Lives) |
| Community Foundation North East | 30/06/2022 | £10k | Grant to Changing Lives |
| The National Lottery Community Fund | 26/11/2021 | £498k | Inspire |
| UK government | 12/11/2021 | £50k | Covenant Fund |
| Community Foundation North East | 16/09/2021 | £5k | A grant to Changing Lives |
| Community Foundation North East | 26/08/2021 | £5k | A grant to Changing Lives |
Funders of similar charities
| Funder | Similar charities funded | Amount to them |
|---|---|---|
| THE EVELYN TRUST | 1 | £174k |
| THE KAYS FOUNDATION | 1 | £50k |
| THE MOULDING FOUNDATION | 1 | £40k |
| THE BRITFORD BRIDGE TRUST | 1 | £36k |
| THE ALBERT GUBAY CHARITABLE FOUNDATION | 1 | £30k |
| TARPORLEY WAR MEMORIAL HOSPITAL TRUST | 1 | £17k |
| THE BATCHWORTH TRUST | 1 | £15k |
| EARL OF CHESTER'S FUND | 1 | £7k |
Charities like this
- CHANGING OUR LIVES LTD
- CHANGING LIVES TOGETHER
- LIFE CHANGERS EMPOWERING MINISTRY
- COVENTRY CYRENIANS LIMITED
- LIFE CHANGERS CHURCH
- CAMBRIDGE CYRENIANS LIMITED
Side by side with its peers
| Charity | Income | Top pay band | Staff >£60k | Reserves vs policy | Fundraising cost | Going concern |
|---|---|---|---|---|---|---|
| THE CYRENIANS LTD | £38.0m | — | 0 | unclear | — | no doubt |
| CHANGING OUR LIVES LTD | £318k | — | 0 | above | — | no doubt |
| CHANGING LIVES TOGETHER | £2.8m | £80,001 - £90,000 | 1 | above | — | no doubt |
| LIFE CHANGERS EMPOWERING MINISTRY | £74k | — | 0 | unclear | — | no doubt |
| COVENTRY CYRENIANS LIMITED | £2.3m | £80,001 - £90,000 | 1 | above | — | no doubt |
| LIFE CHANGERS CHURCH | £182k | — | 0 | unclear | — | no doubt |