Tearfund’s head office building in London is under offer after the Christian development charity placed it on the market following a restructure and shift to remote working.
The charity originally listed the building – a warehouse conversion in Teddington, southwest London – in March 2023 and has insured the site for £12.4m, according to its latest accounts.
Tearfund has based its head office, most recently refurbished in 2016-17, at the building for the last 40 years but the site now appears to be under offer.
According to Tearfund’s most recently filed accounts for the year ending 31 March 2025, its board is considering what premises the charity may need in the future.
This follows a restructure in 2023-24, which saw the charity spend £1.6m as it made 114 redundancies, around 10% of its workforce.
A charity spokesperson said that the move was being facilitated by a shift towards remote working since the pandemic, and added that the charity is now seeking a “smaller, more suitable office in the area”, with staff having been “involved throughout this process”.
Income decline
The 2024-25 accounts show that Tearfund’s most recently recorded annual income totalled £80.2m, a £2.4m decrease on the previous year.
Its total expenditure was £77.7m (2023-24: £82.7m), with £179,000 spent on redundancy and severance costs, compared to £1.6m in 2023-24.
Accordingly, the average number of staff employed by the charity in the UK and overseas was down by 185 to 893 in 2024-25. Of these, UK-based and contracted employees totalled 337, down from 420.
The accounts described 2024-25 as “a challenging year for our employees, with several change processes taking place across the organisation”.
Meanwhile, Tearfund’s chief executive Nigel Harris left after 10 years at the charity in June this year.
Silas Balraj, a former senior director at Christian charity Compassion International, has been appointed as his replacement.
